Every summer since 1957 selected leaders of U.S. industry have convened at a rustic but elegant Vail, Colo., conference facility to take a three‐week “leadership development” seminar from professors of the highly rated University of Chicago Graduate School of Business. Often the business school's Center for Continuing Studies' staff has had to turn away would‐be participants, including some very distinguished business leaders. But this year, the course will not be offered—university officials canceled it, citing declining profitability.
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