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	<title>What I Learned in Business School &#187; Swiss Bank Accounts</title>
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	<description>Dispatches on the rigor and ridiculousness of getting an MBA from one of America's leading business schools.</description>
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		<title>Things today&#8217;s MBAs will never have</title>
		<link>http://www.whatilearnedinbusinessschool.org/2009/02/18/things-todays-mbas-will-never-have/</link>
		<comments>http://www.whatilearnedinbusinessschool.org/2009/02/18/things-todays-mbas-will-never-have/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 04:07:41 +0000</pubDate>
		<dc:creator>MBA</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[skiing]]></category>
		<category><![CDATA[Swiss Bank Accounts]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[UBS]]></category>

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		<description><![CDATA[We&#8217;ve known since October that we won&#8217;t have Wall Street jobs, but the really crushing blow hit today: We&#8217;ll never have Swiss bank accounts in which to stash those paychecks from Goldman Sachs. UBS agreed to turn over a partial list of its American account holders to the Justice Department and pay a penalty of [...]


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			<content:encoded><![CDATA[<p>We&#8217;ve known since October that we won&#8217;t have Wall Street jobs, but the really crushing blow hit today: We&#8217;ll never have Swiss bank accounts in which to stash those paychecks from Goldman Sachs. UBS agreed to <a href="http://www.nytimes.com/2009/02/19/business/worldbusiness/19ubs.html" target="_blank">turn over</a> a partial list of its American account holders to the Justice Department and pay a penalty of $780 million for defrauding the IRS. I never thought I would be nostalgic for Swiss bank accounts, but now I am. When I was a kid, I had this idea that you went to Switzerland for ski vacations with a suitcase full of cash that you dropped off at the bank once a year. The things that might have been are rough, real rough.</p>
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<p>Related posts:<ol><li><a href='http://www.whatilearnedinbusinessschool.org/2009/02/12/companies-that-dont-hire-mbas/' rel='bookmark' title='Permanent Link: Companies that don&#8217;t hire MBAs'>Companies that don&#8217;t hire MBAs</a> <small>From case studies I&#8217;ve read, both Southwest Airlines and Northwest...</small></li><li><a href='http://www.whatilearnedinbusinessschool.org/2009/02/20/why-bankers-will-always-beat-consultants/' rel='bookmark' title='Permanent Link: Why bankers will always beat consultants'>Why bankers will always beat consultants</a> <small> By far, the YouTube video I watched the most...</small></li><li><a href='http://www.whatilearnedinbusinessschool.org/2009/02/12/does-twitter-need-a-value-proposition-um-no-they-seem-to-be-doing-fine-thanks/' rel='bookmark' title='Permanent Link: Does Twitter need a value proposition? Um, no. They seem to be doing fine, thanks.'>Does Twitter need a value proposition? Um, no. They seem to be doing fine, thanks.</a> <small>One of my professors seized on the start-up&#8217;s inability to...</small></li></ol></p>
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