Fuqua mistake explains financial crisis

As one of the more than 200 folks turned away at the door of the 400-seat Geneen Auditorium on Friday, I would like to express my concern. The recipient of three of the vast number of different invitation e-mails that blanketed the campus, I went to the event in the hopes of seeing one of Wall Street's CEOs help make sense of the financial crisis. Luckily, the event's poor planning gave me all the explanation I needed.

It is outrageous to have 50 percent more people show up to an event than you can accommodate and have nothing more to tell them than "sorry, it's full." My sense is, only a profound inability to estimate could result in what otherwise smacks of gross incompetence. But this makes sense in light of the recent subprime meltdown. The event was, after all, a Fuqua event. I imagine that the planners are either in the process of educating or are being educated to become future business leaders. This event only reveals their difficulty with basic arithmetic and their inability to come up with a contingency. With such insight in hand, who needs Jamie Dimon's help explaining why our financial industry is collapsing around us?

Andrew Tutt

Pratt '09

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