In the media has been knocking around the issue that Mathew Martoma had lied on his application to Stanford's MBA program. That began when the records were unsealed during his trial disclosing that he had been expelled from Harvard Law School for faking transcripts. He likely wouldn't have been admitted to Stanford had the institution known of his earlier behavior. Those watching the Martoma saga wondered if Stanford would do anything about this additional ethical lapse.
Now, they know. Stanford has stripped Martoma of the MBA degree, reports the New York Post. That means, contrary to the old saying that they can't take away your education, they can. Here is the Post coverage.
But the consequences are primarily symbolic. Clearly, when Martoma leaves prison he won't be hunting for the conventional kind of employment in which the MBA degree could be useful. The guy is clever. He is bound to land on his feet professionally after he serves his time. He is also relatively young. If he only has to put in a decade in the slammer, he can have about 40 years to build another kind of success.
The reality is that in this new opportunisitic economy success often comes despite our higher education and, as with Mark Zuckerberg, without it. Yes, success has become unbundled from education.