How Ending Tax-free Tuition Waivers Could Impact U.S. Higher Ed
News from The Wharton School at the University of Pennsylvania
“Graduate students across the country are staging walkouts and otherwise speaking out in protest of a provision in the tax reform legislation passed by the U.S. House of Representatives that could potentially add thousands of dollars to their tax bills.
“Currently, the tuition waivers that graduate students receive for acting as teaching assistants or research assistants are tax-free. The version of the tax overhaul passed by the House would treat those waivers as income, meaning they could be taxed. The Senate version of the legislation leaves the exemption in place, meaning the provision is one that would have to be negotiated by Congress before it can send the bill to President Trump to sign into law.
“’The tuition benefit is a really important component of enabling the best and the brightest to take the time that is needed for graduate education,’ said Laura Perna, chair of the higher education division of the Graduate School of Higher Education at the University of Pennsylvania. Perna and Patrick Thomas, founding director of the tax clinic at the University of Notre Dame Law School, recently appeared on Knowledge@Wharton’s SiriusXM show to discuss the impact such a change to the tax code could have on students, individual colleges and the country’s higher education system as a whole.”
Noncompete Agreements Reduce Worker Pay — And Overall Economic Activity
News from UCLA Anderson School of Management
“In the heady days after one accepts a new job, a noncompete agreement may seem an innocuous bit of paperwork. These contracts, in which employers bar employees from working in competition after leaving the company, are routinely demanded of nearly one in five jobs in the U.S., according to a report published by the U.S. Treasury in 2016. Less than 10% of new hires try to negotiate their terms, according to the report.
“But workers who sign enforceable noncompetes pay dearly for their deference, according to preliminary results from new research. Employees bound by strong agreements get lower starting pay than their less restrained peers, and their earnings remain lower throughout their careers, according to a working paper by a team of academic researchers.”
Kelly Goldsmith
Consumers On A Quest For ‘The Best’ Are More Likely To Behave Immorally
News from Vanderbilt University Owen Graduate School of Management
“Consumers looking for the ‘best’ — in terms of value, quality, fit, or any other measure — are more likely to engage in immoral behavior, according to new research by Kelly Goldsmith, associate professor of marketing at Vanderbilt’s Owen Graduate School of Management.
“The search for an optimal product or service creates a ‘maximizing mindset,’ and while prior research has found a variety of personal implications (positive and negative), this is the first study to identify how the strategy may affect the way people treat others.”
Integrity Should Come First
From Stanford Graduate School of Business
“Stanford made headlines this past week, gaining notoriety for careless data management and misrepresenting its financial aid program.
“The data security issue features prominently in the University’s official response. But the greater failure is one of integrity. The leadership at Stanford Graduate School of Business was caught lying about its commitment to ‘need-based’ financial aid, which it has been doing for more than a decade. Yet this is only mentioned in paragraphs 12 and 14.
“Integrity should feature more prominently in Stanford’s official response, as it should in campus discussion more broadly, especially at the business school.”
Biases Influence Holiday Giving
News from Carnegie Mellon University
“One of the things that makes holidays simultaneously fun and stressful is gift-giving. Behavioral economists in Carnegie Mellon’s Dietrich College of Humanities and Social Sciences have been studying the art of good gift selection and the disconnects that arise between the person choosing the gift and the person receiving the gift.
“Behavioral economics is the interdisciplinary field of economics and psychology that aims to understand how people can be ‘predictably irrational’ and factor human emotion and behavior in understanding how economic systems work. At Carnegie Mellon University, behavioral economists are looking to answer some very complex and important questions. They are studying the reasons behind our consumption of unhealthy food, better ways of non-abstinence based sex education, and gender discrimination in the workplace.”
Beware The Lasting Impression Of A ‘Temporary’ Selfie
News from Harvard Business School
“Think that probably inappropriate Snapchat selfie is safe from leaking into your professional life because it disappears? Think again.
“Features on some communication apps like Snapchat and Instagram Stories allow you to share your images and messages with the comfort of knowing that they will disappear quickly from the public eye after having been seen by the intended recipients or after a short period of time.
“Disappearing selfies are seemingly the ideal solution for people who enjoy life on social media but who are also keenly aware that 93% of job recruiters (pdf)check social channels before hiring candidates.”
Financial Times Ranks LBS As Top European Business School
News from London Business School
“The ranking represents arguably the most comprehensive assessment of European business education today, measuring the quality and breadth of graduate business schools’ programs.
“The FT’s league table assesses both degree and executive education programmes, and covers the MBA, Executive MBA, Masters in Management as well as Open and Custom designed Executive Education programs.”
McDonough EMBA Program Offers Jesuit Values Course
News from Georgetown University McDonough School of Business
“Beginning January 2018, the Georgetown McDonough Executive MBA program will offer a new course, ‘The Problems of Work and Life,’ that ties Jesuit values to the curriculum.
“Many second-year EMBA courses focus on one of Georgetown’s differentiating factors: its location in Washington, D.C.; its Jesuit environment; or its international orientation. ‘The Problems of Work and Life’ is designed to focus on both Georgetown’s Jesuit values and its global concentration.”
The president of Croatia, Kolinda Grabar-Kitarović, visited MIT on Monday, Dec. 4. From left: MIT physicist Marin Soljačić; MIT President L. Rafael Reif; Croatian president Kolinda Grabar-Kitarović; and the dean of the MIT School of Science, Michael Sipser. Photo by Allegra Boverman
Kolinda Grabar-Kitarović, President Of Croatia, Visits MIT
News from MIT Sloan School of Management
“Croatian president Kolinda Grabar-Kitarović visited MIT on Monday, December 4, discussing research and innovation policy, and bestowing two medals upon MIT Professor Marin Soljačić.
“The state visit began in the office of MIT President L. Rafael Reif, who greeted Grabar-Kitarović and engaged with her in a discussion, partly about the need to have more women pursue careers in science, engineering, and mathematics. Reif also exchanged formal gifts with Grabar-Kitarović.
“While in the MIT president’s office, Grabar-Kitarović presented Soljačić with two medals. One, for his special contributions to science, is the Order of the Croatian Morning Star, bearing the image of Ruder Bošković (a noted 18th-century physicist and astronomer from Dubrovnik). The other medal, the Order of the Croatian Interlace, is for contributions to Croatia’s development, reputation, and the welfare of its citizens.”
IU graduates and philanthropists Riley Fuller and Ben Higgins speak at Hodge Hall about their for-profit coffee company, Generous, and nonprofit organization, Humanity & Hope United Fund
Former ‘Bachelor’ Star Says Doing Good And Doing Business Can Go Hand-In-Hand
News from Indiana University Kelley School of Business
“Ben Higgins looked out into a sea of women — and some men, 14 out of a crowd of over 50 people to be exact, too.
“‘I don’t know what your intentions for being here are,’ Higgins said as some girls giggled in the back. ‘But I hope you’ll listen to what I have to say.’
“Higgins, former TV reality star on ‘The Bachelorette’ and ‘The Bachelor,’ returned to campus Friday morning to speak with students about working for fulfillment, not just toward a paycheck.”
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