Thanx to Mr. Palety and his team, academics and institutes of higher learning are fast becoming industries in themselves. Had Mr. Palety joined IIMK, he would have learned the difference between social welfare, creating a pool of intelligent individuals for the society and BUSINESS. Considering his second take on IIMK in this article, I am sure Mr. Palety would suggest that we should admit our children in schools who make more money, where any body with any level of intelligence could join and should be located in one of the metros. I guess Mr. Palety forgot one thing, IIMs are not supposed to be industries..so much for setting them up in industrial belts... Also, had Mr. Palety studied in IIMK he would have learned how to write a business case (the publisher category in which the article is placed). But, it is not Mr. Palety's fault, after all he did not study in IIMK to understand that relative grading is a function of both qualitative and quantitative evaluation.