News from Harvard Business School
“After receiving my degree in Mechanical Engineering at Boston University, I lived in Austin, Texas for 2 years while working at Amazon. I held a role as an engineering project manager launching new transportation warehouses. As an engineering undergrad, I felt the MBA would complement my technical skills with big-picture business vision. I chose Harvard’s MS/MBA to become a strong leader while also refining the skills I would need to succeed in deeply technical fields.
“So, what did I learn this past month?”
The Bright Side Of Busyness
News from INSEAD
“Most people feel terribly busy every day. Work just keeps piling up, the kids need to be chauffeured to their after-school activities, inboxes are overflowing and your parents are coming over for the weekend. You wish that life would slow down, but what if there was a silver lining to all this busyness?
“The truth is, there is a good reason why so few people ever tame their busy lives. In many societies, busyness is a badge of honour worn with pride. Feeling in demand makes people feel good about themselves. It boosts self-image.”
Y-RISE Initiative Enlists Faculty Expertise In Fight Against Poverty
News from Yale SOM
“A new Yale-based research initiative is developing the science needed to scale-up promising anti-poverty programs so that they can benefit the greatest number of people.
“The Yale Research Initiative on Innovation and Scale, or Y-RISE, brings together leading researchers in economics and political science from Yale and institutions around the globe to tackle questions related to expanding programs that have proven effective in small-scale randomized-controlled trials.”
Cleaning Up The Oceans
News from London Business School
“Paradise was how William Pearson imagined the Maldives before he set sail for the Indian Ocean in 2017. The reality didn’t quite match up. While working as a deckhand on a super-yacht, he spent weeks drifting along the crystal waters around some of the idyllic, white-sand coral islands. But this picture of serenity was suddenly distorted when Pearson encountered ‘Rubbish Island.’
“Thilafushi, an artificial island that has become a dumping ground for hotels to deposit their rubbish, left Pearson feeling aghast – and determined to make a difference. The experience in the Maldives has inspired him to launch The Ocean Bottle, a reusable water bottle that funds the collection of ocean-bound plastic in impoverished coastal communities around the world.”
New Study Contradicts Notion That Electronic Health Records Are Driving Doctors To Quit
News from Notre Dame University Mendoza College of Business
“Prominent journalists, including the late Pulitzer Prize-winner Charles Krauthammer, have written that doctors are leaving the practice of medicine because adopting and using electronic health records (EHRs) is frustrating and debilitating.
“Not so, according to new research from the University of Notre Dame, which shows that basic EHRs actually have increased doctors’ tenure at hospitals, whereas advanced EHRs caused doctors to shift to other hospitals. The study found no evidence of retirements as a result of implementation.”
When Loyalty Trumps Honesty: Judging Loyal Lies
“In the workplace, in politics, on the softball team – almost anywhere there’s social interaction – people are sometimes deceitful out of loyalty to their group.
“How do others judge these loyal lies? Is the dishonesty viewed as bad, because lying is unethical? Or is it seen as good, because loyalty is a virtue?
“A Cornell professor and his colleague offer an uncomfortable answer that suggests we should tread lightly when we think we’re doing the right thing.”
New Scholarship Boosts B-School’s Resources For Veterans
News from Vanderbilt University Owen Graduate School of Management
“The Owen Graduate School of Management is one of five graduate schools at Vanderbilt University to participate in the new Bass Military Scholars Program. The program is funded by a $25 million gift from the Lee and Ramona Bass Foundation, which will provide financial aid and programming support for military veterans at five of Vanderbilt’s graduate schools: Owen, the Law School, Peabody College, the School of Medicine, and the School of Nursing.
“Starting in the 2019-2020 academic year, the Bass Military Scholars Program will fund at least six scholarships for veterans. Once fully endowed, the Bass Military Scholars Program is expected to support a cohort of 40 students annually among the five schools and colleges. This gift builds on an enduring commitment by Vanderbilt and the Lee and Ramona Bass Foundation to educate and support military officers and veterans.”
Billionaire Richard Liu Turned Over To Prosecutors In Sexual Assault Case
News from University of Minnesota Carlson School of Management
“The investigation into the sexual assault case against Chinese billionaire Richard Liu has been turned over to prosecutors, Hennepin County Attorney Mike Freeman announced in a Thursday press release.
“Liu, the founder of Chinese online retailer JD.com and a student in the University of Minnesota Carlson School of Management’s Doctor of Business Administration program, was arrested in August for allegedly sexually assaulting a UMN student and was investigated by the Minneapolis Police Department.”
Peter Christoffersen, Rotman Expert In Financial Risk, Was ‘A Global Thinker Pushing The Boundaries’
News from University of Toronto Rotman School of Management
“Peter Christoffersen was an outstanding scholar whose work had a profound influence in the world of business and finance, but he remained modest, easygoing and devoted to his family, friends and colleagues.
“Christoffersen, a professor of finance at the Rotman School of Management, was a leading expert on the management of risk – a crucial issue for the financial and business community, and the economy as a whole. He held the TMX Chair in Capital Markets and twice was a Bank of Canada fellow.
“Christoffersen’s stellar career was cut short in June, when he died of cancer at the age of 51.”
New Start-Up To Help Manage Student Loans
News from Yale SOM
“For several years, Will Sealy SOM ’17 worked in the federal government trying to tackle the problem of student loans; he worked on formulating policy, regulating the industry and suing predatory lenders. More recently, he co-founded Summer, a startup to help borrowers manage their student loans. Now, the app is set to launch nationwide.
“Summer, which Sealy launched with Paul Joo ’12 SOM ’18 LAW ’18 in the spring of 2017, helps borrowers keep track of their student loans and assists them in beginning a repayment plan that could save them money. The app is already being used by graduates of Yale’s School of Management and the Columbia Business School, and it will soon expand to multiple programs at Tufts University. Sealy said that the team’s current goal is to bring Summer to 100 higher education institutions over the next year, including community colleges.”
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