ISB, IIM and More....!!

Before you go ahead and read the “interesting” article (the link for which is given below in the post), I would like to submit the following.
1. I do not think ISB and IIM’s can be compared because they cater to different target segments (yikes! Why am I talking in marketing parlance?).
2. I have immense respect for IIM and their alumni. Many of my friends/batch mates from REC have gone to IIM’s and these are some of the smartest people I know.
3. IIM alumni should be (and are) proud of the fact that at least 9 of the top 10 corporates in this country would possibly have an IIM alumni in their Top Management.
4. ISB alumni should be (and are) proud of the fact that in a short span of 8 years, ISB has created a reputation for excellence and is recognized among the top b-schools worldwide by FT.

For me, everybody is free to have their personal view on which management institute is better than another and so I see this article as just another view...without any offence to anybody. Period.
Now, read this article.
http://www.merinews.com/article/arindam-chaudhuri-on-why-isb-is-better-than-the-iims/15789721.shtml
The article purportedly is about how ISB is better than IIM’s but after reading the article I felt (did you?) that the title should have been “Why IIPM is better than ISB and IIM?”!!!!!!!
One of the sentences goes like this.
Quote “.....fact that ISB got ranked at No.15 by FT ahead of the IIMs and that in the latest Zee Business B-school Ranking 2009, IIPM got ranked No.1 in ‘Global Exposure’ and No 5 in India overall, is only a sign of the times to come” Unquote.
I mean...really!? By speaking about both these incidents in the same breath, is it intended that both these events have the same significance? And if yes, the rankings of both these entities carry equal credibility? I don’t know and I don’t want to know!
Another one.
Quote “…in the case of a B-school professor who doesn’t have practical experience, the crowning grace then is about how much management consulting work he undertakes……. While IIM professors are, on an average, good……….” Unquote.
This point is justified by some research done among the alumni on how many professors they rate as very good/good etc and if there is some research on actual management consulting work undertaken by the professors from the IIM’s, the same is not shared.
Anyways….all said and done, read the comments at the end of the article. Some of them are absolute gems! Read on…have a laugh!