Road Cleaner from Latvia Sent to Boston – Studying in a Program Worth a Quarter Million Dollars 0 10

Harvard Business School is located in Boston, Massachusetts, USA. They probably know well how to clean roads, especially considering how much they charge for tuition – the MBA program lasts two years, and the total cost of education, including living expenses, will exceed $250,000.

Studying in Boston at one's own expense is costly, so why not do it at the state's expense?

The company "Latvijas autoceļu uzturētājs" explains that a budget for professional development is set for board members, and the education was financed within this budget, while the remaining expenses were covered by the board member from personal funds.

The management of "Latvijas autoceļu uzturētājs" claims that the education is not considered part of the compensation but rather an investment in the development of the enterprise, the program notes.

At the same time, the State Chancellery indicated that regulations do not set specific financial limits on education funded by state structures, leaving such decisions to the discretion of company boards.

In turn, experts in corporate governance emphasize that the education of board members should still be viewed as a personal benefit and must be clearly justified and agreed upon.

Compared to other state capital companies, the expenses of "Latvijas autoceļu uzturētājs" for board education were higher. The State Audit Office plans to conduct an audit this year to assess additional benefits received by the management of state enterprises beyond salaries, the program reports.