I don’t view this guy’s problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Alan Greenspan has a PhD. Mr. Haupt has 1 semester of community college. Who’s wrought more damage? That’s a rhetorical question.
Formal education is extremely over-rated where success in business or otherwise is concerned. That’s coming from someone who has two masters’ degrees.