Harvard Business School announced yesterday that former Chelsea Hotel manager Stanley Bard will be awarded an honorary MBA for his fifty years of service to the New York hospitality and arts communities. “It’s a no brainer,” said Associate Harvard Business School Dean Richard Cremona, “I 
mean, the guy basically founded this wonderful cultural institution, and turned a profit for 50 years through thick and thin, and nobody else seems to able to run the Hotel. They’ve had a top New York hotel firm in there, and, ironically, a Harvard MBA, and they’ve tried to manage the hotel, only to fail miserably. We could all learn something about business from Stanley Bard.” Mr. Cremona also added that he felt that Harvard owed New Yorkers an apology for insufficiently preparing minority shareholder and Bernie Madoff ponzi scheme victim Marlene Krauss to deal with the realities of the hotel business. The degree will be awarded in June. Mr. Bard will also speak at the Harvard Business School commencement exercises. — Ed Hamilton
Living with Legends 
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