I don't think they are. Professors are finally being forced to accept that b-schools have to perform in line with customer (students and recruiters) expectations. It is one thing to teach about markets and another to participate in one. The "high" academic standards usually equate to teaching esoteric research in classroom or making students slog for grades which hardly matter. Most students aren't in b-school to become researchers or to wow themselves with the theory behind the next fancy derivative model. Anyone read "Snapshots from Hell" ?. It has a good section on professors confessing to being insecure and discontented with MBAs who treat them with little respect. Most students at top schools view the program as a finishing school and not something that will dramatically alter their view of the world. This irks the faculty no end as unlike students in other graduate fields, the students at business schools consider coursework, exams and mandatory respect for the academics and his/her research quite unnecessary.
Praetorian
https://www.businessweek.com/bschools/content/feb2007/bs20070211_672725.htm?chan=rss_topEmailedStories_ssi_5