The article reports on how business schools may be able to help calm social unrest, which has been taking place across the world. Student uprisings are increasingly demanding authority and power at colleges and universities and they are increasingly coming into conflict with school administrations. The author expresses the view that administrations may need to refocus and better serve their students.

This editorial discusses the growing corporate support for culture and the acknowledgement of the importance of sound business practices within the arts community. The author recounts a recent visit to the Metropolitan Opera at the Lincoln Center in New York City. The author notes the strong support of manufacturing industries through advertising and sponsorships that support art productions. The author remarks that these contributions by business and its leaders make the arts more accessible to a broader socioeconomic range of patrons.

The article presents a response to a comment from Professor Arthur Elkins to a message from Academy of Management President Stanley Vance regarding management solutions to student unrest at U.S. colleges and universities. President Vance agrees with Professor Elkins' questions about the state of the academic community. He responds that a research reappraisal in order. Further, the author questions how many honest men (as defined by Diogenes) sit on the faculty of universities, and extends this query to the legal, medical, business, and political realms. The author agrees that the community of scholars needs clarification and definition.

The article discusses corporate giving as support of endowed professorships; the author uses examples of news announcements to argue points regarding the practice. The author gives four examples of corporate giving, such as a 1967 endowment of $2 million from the American Association of Advertising Agencies to establish advertising chairs in business schools. The article states that these acts of giving indicate that setting up endowed professorships can be as noble an action as endowing a new classroom or building a new stadium, and that it proves that realism exists in academia. The author argues that the management industry has an opportunity to improve education for business students, therefore benefiting the industry itself, by continuing to provide professorship endowments.

Taxonomy is viewed as a means of assisting in the development of a unified theory of management and achievement of the status of a true science. A preliminary framework is suggested in the form of a taxonomic matrix patterned after the Periodic Table.

The article presents an obituary for Bernard Kilgore, chairman of the Dow Jones Co.