Stanford GSB is about to start accepting the GRE

I just got an email from BusinessWeek containing a link to the following article about the GSB’s plan to start accepting the GRE in place of the GMAT from applicants: Link to Article

I understand the Admissions Office’s rationale for doing this, but I’m not really sure how it’ll play out once it gets implemented. As you guys know, i’m a big fan of diversity and opening the school up to applicants who might be shut out by the cost of the GMAT…my main concern is that it seems the GMAT and GRE test different things and it seems that this might lead to “apples and oranges” comparisons between applicants’ profiles. Eh, I’m not sweatin’ it too much though because Derrick Bolton and his staff don’t make mistakes, so I know that there’s a “method to the madness” in this move. You’ve gotta love the way that Stanford GSB is always stepping up and doing big things.