Duff McDonald: How To Fix the Broken Elite Institutions

Bloomberg View columnist Barry Ritholtz interviews Duff McDonald, a journalist and author of two critically acclaimed books, "The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite" and "The Firm: The Story of McKinsey and Its Secret Influence on American Business." McDonald tells Barry Ritholtz why the elite institutions that feed into government, business and finance are broken, and what must be done to fix them. This interview aired on Bloomberg Radio.