MSB meaning in Business ?

Globe University and Minnesota School of Business (Globe/MSB) were a for-profit school network based out of Washington County, Minnesota providing specialized training programs in business, accounting, medical, legal, information technology, massage, veterinary technology, and design fields. The large network had multiple campuses in Minnesota, Wisconsin, and South Dakota.

In 2011, Heidi Weber, a former dean, filed a whistleblower-wrongful termination lawsuit against Globe/MSB and, in 2013, her case went to jury trial in the Washington County Courthouse. After a seven day trial, a jury awarded $395,000 plus interest to the former dean in what is now called the first for-profit higher education whistleblower case/trial.

Globe/MSB appealed the ruling; however, the Minnesota Supreme Court upheld Weber's verdict and a judge ruled that Globe/MSB must additionally pay in excess of $995,000 (including attorney costs for Weber) for wrongful termination after she blew the whistle and was retaliated against for exposing the school's unethical practices.

In 2014, Minnesota's Attorney General Lori Swanson filed a lawsuit against Globe/MSB for misleading students, using much of Weber's evidence to build her own case. Former students alleged that Globe/MSB's advertisements and promotional materials contain "misleading, unfair, deceptive, false, and fraudulent statements and omissions intended to induce post-secondary students to enroll in their schools."

In September 2016, the state of Minnesota stopped the business from operating in the state. All Globe/MSB locations were permanently closed by 2017 because they lost their federal student aid funding.