Thought I'd start a topic on this. Corporations over the years have donated funds to universities and other levels of schools to get good PR and have their name attached to a building or lab. I've accepted that as a necessary evil in order to fund these things in a climate where many are not inclined to want to be taxed for educational needs. Things seem to be changing for the worse though.
At my alma mater, a recently appointed and mostly wildly popular President was forced to resign and there is talk that it was spurred by promises of a private or corporate gift. Worse, there is talk that a Cabal of business school graduates working for or with a large investment bank that has invested in an online education endeavor was interested in using the University (one of the best public schools in the nation) to launch their online education business with a highly credible institution on board, but the President wasn't willing and therefore they engineered her ouster.
It's all over the papers here including:
Washington Post
Local papers
and
Bloggers that are oulining the investment bank theory
Time will tell what the story is, but this idea of corporatizing education seems to be mainstreamed. Mitt Romney has discussed it as a potential plan for education going forward and Tagg Romney, his son has a venture firm that has invested in online, private education. The linked blog post talks about Goldman Sachs' investments in this.
Anyway, please comment or discuss anything that comes to mind on this topic.
Many of the Ivy league colleges have offered free courses online but not as part of a degree program. It seems that bankers are now looking at education as the next hot new thing. Diplomas would basically be a commodity that is being sold (with the education incidental to the business). That doesn't seem ideal to me.