News from The Wharton School at the University of Pennsylvania
“The images are as familiar as they are chilling: Aerial footage of children walking out of a school single file. Anxious parents being interviewed. Advocates and opponents of gun regulation sparring on the screen.
“The pattern has grown depressingly predictable. But after the shooting last month at Marjory Stoneman Douglas High School in Broward County, Fla., that took 17 lives, public outrage took an unexpected turn. Rather than fading, the resolve intensified. It began to take concrete form in action, with students staging protests and walkouts. Several major corporations ended their relationships with the National Rifle Association, and large retail chains announced plans to limit sales of firearms.
“Something seems different in the aftermath of the Parkland massacre. Its influence has been greater and lasted longer than reverberations from the shootings at Sandy Hook, Las Vegas or Orlando. Businesses responded quickly and decisively. Why? It has to do, in part, with who the victims and survivors are.”
Imogene Powers Johnson
Imogene Powers Johnson, Cornell ‘Pillar’, Dies Aged 87
News from Cornell University Johnson Graduate School of Management
“Imogene Powers Johnson ’52, widow of Samuel C. Johnson ’50 and an avid ornithologist, died on Saturday at the age of 87.
“One of her four alumni children, H. Fisk Johnson III ’79, M.Eng ’80, M.S. ’82, MBA ’84, Ph.D ’86, chairman and CEO of SC Johnson & Son, a manufacturing company, called his mother ‘the pillar’ of the family.
“’She exposed us to the love of learning, taught us about the wonder of nature, shared her values and incredible care for people, and devoted her life to support, and help guide the four of us,’ he wrote in a statement on his Facebook page. ‘She was always there when we needed her.’
“Johnson attended Cornell on Standard Oil Co. academic scholarships and received her bachelor of arts degree in mathematics in 1952. There, she met her future husband.
“Johnson and her husband, who served on the Board of Trustees from 1966 to 1988, were major contributors to their alma mater, according to a University press release from January 2017. Both were distinguished as presidential councillors, the highest honor the University Board of Trustees can bestow. Together they gifted $20 million in 1984 to the Samuel Curtis Johnson Graduate School of Management in honor of Samuel Johnson’s grandfather, the press release said.”
Heavy Lies The Crown: High Anxiety Often Accompanies Being A CEO
News from Notre Dame University Mendoza College of Business
“Before joining the Mendoza College of Business, Professor Viva Bartkus was employed for 10 years as a management consultant for McKinsey and Company. Over that decade, she worked closely with countless business executives, and learned that behind many a confident facade was a highly anxious person struggling to meet performance goals.
“’Oh my gosh, I think there are more insecure CEOs out there than the world or the press is willing to acknowledge,’ she said, laughing ruefully.
“Bartkus knew from experience how stressful a business executive’s life can be, but it wasn’t until she began conducting research into the subject with two Mendoza colleagues that she was able to substantiate her intuition. Together with professors Michael Mannor and Adam Wowak, she investigated the effects of high job anxiety on the decision-making process of 84 CEOs and other top executives of major corporations.”
College Appoints Members To Sexual Misconduct Committee
News from Dartmouth College Tuck School of Business
“The College announced the members of the Presidential Steering Committee on Sexual Misconduct, which will review College policies on sexual misconduct, ensure they are clear and present recommendations on policy development, education and training.
“The committee members, announced on Feb. 14, hail from both the undergraduate and graduate levels. Leslie Henderson, dean for faculty affairs at the Geisel School of Medicine, serves as chair of the committee. Other members include senior associate dean of student affairs Liz Agosto ’01, assistant dean for postdoctoral affairs at the School of Graduate and Advanced Studies Victoria Blodgett, vice president for institutional diversity and equity Evelynn Ellis, biology professor Mark McPeek, Title IX coordinator Allison O’Connell, director of M.S. and Ph.D. programs for the Thayer School of Engineering Brian Pogue, associate dean for faculty at the Tuck School of Business Richard Sansing, senior athletics director Megan Sobel and government professor Lucas Swaine.”
Study: When CEOs’ Equity Is About To Vest, They Cut Investment To Boost The Stock Price
News from Harvard Business School
“Are today’s businesses plagued by short-termism? The narrative is compelling. Executives cut investment to hit short-term earnings targets and trigger bonus payouts, the argument goes. They are egged on by short-term shareholders, who care only about making a quick buck, rather than growing the company for the long term. Moreover, long-term investments — such as reducing carbon emissions, developing blockbuster drugs, or training workers — benefit more than just shareholders. So, the charge that businesses are deprioritizing them leads to concerns that business no longer serves society.
“But despite how common the charge of short-termism has become, rigorous evidence of short-termism is surprisingly difficult to find. Eighty percent of CFOssay that they’d cut investment to meet earnings targets — but what they say isn’t necessarily what they do. A recent McKinsey study found that a ‘long-termism’ index (including how much a firm invests) is correlated with future long-term stock returns, suggesting that long-termism pays off. But causality could easily run the other way. When a firm’s long-term outlook is worse, it should invest less. This is taught in any Finance 101 class, and is presumably what McKinsey advises its clients.”
Betsy Ziegler
Kellogg Officer To Become First Woman CEO Of Chicago Tech Incubator
News from Northwestern University Kellogg School of Management
“Kellogg School of Management’s current chief innovation officer Betsy Ziegler will be making a big move from Northwestern to the Chicago tech scene this spring when she becomes the first woman CEO of technology incubator 1871.
“Ziegler, who has held different positions within Kellogg throughout the past seven years, said she will use her time at 1871 to continue growing the company’s influence throughout Chicago and the world. She will begin her position in April.
“Ziegler aims to both work with Fortune 500 companies based in Chicago and the Midwest and build bridges with entrepreneurs internationally, she told The Daily.”
SOM Holds Hispanic And Latin American Conference
News from Yale School of Management
“Diplomats, community organizers, lawyers, faculty members and students convened at Evans Hall on Friday for the Yale School of Management’s inaugural Hispanic and Latin American Conference.
“The conference was organized by members of the Association of Hispanic and Latin American Students and explored the theme of ‘leading through uncertainty.’ The event featured discussions about the issues and opportunities facing Hispanic-Americans and the lessons the United States — home to the second largest Spanish-speaking population in the world — could learn from Latin America. In keynote addresses and panel discussions that took place throughout the day, speakers and attendees grappled with various socioeconomic and political challenges common to the Americas, from internal political instability to barriers to smooth immigration and trade.
“’We are in an age of revolutions in many aspects of the international order, which does not respond to the needs of modern countries,’ said Sergio Silva do Amaral, Brazilian ambassador from Brazil to the United States, during his keynote address, delivered via Skype to an audience of around 100 attendees. ‘But what is important is that despite all these changes, Brazil and many other countries share one thing: the resilience of democratic institutions.’”
Academics, Executives To Focus On ‘Breaking Bias’ In The Business World
Ellen Kossek
“Academics and executives will meet at Purdue University to highlight the disparity in the number of men and women filling leadership roles, and discuss solutions to “break bias” ingrained into business cultures and practices.
“The Krannert School of Management, Susan Bulkeley Butler Center for Leadership Excellence and the Jane Brock-Wilson Women in Management Center, along with Indiana University’s Kelley School of Business, are hosting a three-day conference March 21-23 at Purdue featuring prominent scholars and corporate speakers dedicated to achieving diversity and inclusion in the workplace, especially in the top ranks of businesses and government.
“Organizers of the biennial Breaking Bias: Leadership Excellence and Gender in Organizations Conference have announced this year’s theme will be ‘Bridging the Research to Practice Gap.’ Decades of research has exposed the pitfalls facing women seeking career success, although employment and human resource strategies nationwide have yet to catch up, says Ellen Ernst Kossek, Purdue’s Basil S. Turner Professor of Management and research director of the Susan Bulkeley Butler Center.”
Thanks to the support of their families at home, women were able to participate in a volunteer trash pickup effort organized by an Indian village’s health committee. Photo by Rachael Goodman
When Care Work And Paid Work Collide
News from Stanford University Graduate School of Business
“There is a great deal of rhetoric about the importance of including women in the economy. Governments, NGOs, and consulting firms alike emphasize the increased economic prosperity that can come from women participating in the labor market. Unfortunately, most of those organizations ignore the existing unpaid care work that already fills many women’s days. For women to participate in formal jobs, they must find others who can take on their care work at home. This is where extended family systems can help.
“Extended family systems, like polygamous marriages and joint families, are sometimes seen as oppressive for women, especially from the perspective of cultures where nuclear families are the norm. Young women often have little formal power in these systems, and stories of abuse circulate widely in the media. But for the people who live in these families, they can just as often be important sources of support that help women balance their paid work and unpaid care responsibilities. In places without social safety nets or affordable domestic help, extended family networks are essential to women’s ability to work both inside and outside the home.”
Experienced Leaders Go Back To School At UT Austin Thanks To New Program
News from University of Texas-Austin McCombs School of Business
“People who are late in their careers and considering what might come next now have a new option at The University of Texas at Austin. The university will launch a nine-month program that provides experienced professionals the unique opportunity to explore the vast educational resources of UT Austin through a highly personalized curriculum, as well as educational and networking opportunities outside the classroom.
Called the TOWER Fellows Program, it is designed for those seeking a new purpose or career path, looking to deepen their knowledge, navigate an entrepreneurial venture, or maybe just pursue a lifelong dream. The program is now accepting applications for the inaugural class, with the first cohort of 25-30 fellows entering in fall 2018.
“’The TOWER Fellows Program is the perfect opportunity for highly accomplished individuals from all walks of life to explore, discover, reflect and prepare for whatever they decide comes next,’ said Gaylen Paulson, associate dean and director of Texas Executive Education at the McCombs School of Business. ‘We live in a time when many people are rethinking traditional retirement and exploring a second career path, and this program is designed to foster that exploration or reignite a passion through the resources and support of the university.'”
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