Nope. It’s just a degree. Your MBA isn’t that important in the business world.

OK, got it.

What’s more important is the people you know, which is why it’s so important to go to the right program and be a part of the right societies when pursuing business, especially as someone who doesn’t come from an established family.

So, it is more like self-reproducing circle. You have to get a connection with some top manager to become top manager connection with whom will be necessary to become top manager and so on...

Any rules regarding where you’re allowed to work are usually only related to non-compete clauses in a work contract. Occasionally you can be barred from participating in certain industries as a result of legal action but that’s rare and there are usually loopholes you can work around.

So, only 2. could be used for manipulation. If personal contacts in right circles is most important, then it is the lever that could be used.

As far as I understand, if you in a good relation with that right circle, then, even you failed some business, you will always find a new job. If you are thrown out or disliked by that circle, you have a little opportunities even if you was a perfect CEO.

Is NACD a forefront of that "right circle" for top managers in USA, or it is some unimportant organisation?