Rutgers Business School faculty, students and/or programs are featured in the following stories. Links are provided to the full text or video/audio clip where available. Registration may be required to view some stories.
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2009
PNC gives Rutgers $25K for coaching program
NJBiz (Somerset, NJ) – November 13, 2009
On Thursday, a Rutgers Business School program that provides coaching for growing North Jersey small businesses received a $25,000 donation from PNC Bank that will enable it to work with additional entrepreneurs. The Entrepreneurship Pioneers Initiative, launched in May by the Center for Urban Entrepreneurship & Economic Development at the Newark campus, provides seminars and individual consultations with faculty and graduate students.
Rutgers Business School Opens State-of-the-Art Facilities at 1 Washington Park in Revitalized Downtown Newark
PR Newswire (Newark, NJ) – November 10, 2009
Yahoo! News – November 10, 2009
AOL Money & Finance – November 10, 2009
With the bright lights of a stock ticker streaming over the state-of-the-art trading floor, Newark Mayor Cory Booker officially opened the new home of Rutgers Business School at 1 Washington Park with the snip of a Rutgers-red ribbon at a October 15 celebration of the new building. Classes began in the futuristic facility at the start of the Fall Semester. "This is a great day for the city of Newark and, really, a great day for the entire state of New Jersey to have Rutgers Business School move into this incredible building," said Mayor Booker.
Long: Cheating won’t lead to happiness
The Daily Toreador (Lubbock,TX) – November 9, 2009
According to a recent study by Professor of Management & Global Business Donald McCabe, about 95 percent of high school students admit to cheating some time in their education. This is a very surprising number, but cheating is not limited to the teenage years. McCabe continues by stating 66 percent of all college students admit to cheating.
How Two National Reports Ruined Business Schools
The Chronicle of Higher Education (Washington, D.C.)– November 8, 2009
Professor Carter A. Daniel, director of business-communication programs at the Rutgers Business School is featured in The Chronicle. He writes article, “Fifty years ago this fall, an event took place that transformed business education across the nation and beyond: the simultaneous publication of two reports, by the Ford Foundation and the Carnegie Corporation, on the state of business education in America. Although generally regarded at the time as a salutary development, the reports, considered half a century later, can be more accurately described as something close to a catastrophe, with consequences felt in every school of business every day.”
CIT says bankruptcy filing won't affect clients
NJBiz (Somerset, NJ) – November 2, 2009
Commercial lending giant CIT Corp. said its clients won’t be affected by its filing on Sunday of a pre-packaged bankruptcy reorganization from which the company hopes to emerge, minus about $10 billion in debt, by year-end. Rutgers Business School professor Mark Castelino said the CIT filing is a good thing: “Bankruptcy is the way the market is supposed to behave — if they can’t make money for their stockholders and they borrow too much money, they go bankrupt.”
Sparks Expands Overseas Operations in China
Exhibitor Online(Rochester, MN) – October 29, 2009
Global event marketing and custom retail fixture agency Sparks announced today that it has further expanded its overseas operations by opening a second office in China. Leading the effort are RBSAlumnus Daniel Shao (MBA) and Ye Rong (Daisy Ye), who have joined the Sparks team in newly created leadership roles of Managing Director, China and Vice President, China Business Development, respectively. Shao has over 25 years of business experience in positions of engineering, business consulting and project management.
NYSSA Challenge Kicks Off
The Earth Times (New York, NY) – October 27, 2009
The New York Society of Security Analysts (NYSSA) announced that Bitstream Inc. (NYSE: BITS) is the subject company for the 8th Annual Investment Research Challenge. The Investment Research Challenge is an educational initiative in which leading industry professionals teach business and finance students how to research and report on a publicly traded company. In 2008, the RBS team took first place and in 2009 the RBS team made it to the top four.
Professor's Risk Model Helps Guide Decision Making in Uncertain Times
Rutgers Focus (New Brunswick, NJ) – October 2009
Andrzej Ruszczynski, professor of management science and information systems at Rutgers Business School-Newark and New Brunswick is considered by colleagues to be one of the top researchers in the world on the topic of risk optimization and risk-averse decision making. This summer, he was one of just a handful of scientists to be invited as a speaker at the 20th International Symposium on Mathematical Programming in Chicago.
Converge Expands Global Reverse Supply Chain Services
PRWeb – October 27, 2009
With its global electronics distribution network and substantial investment in value-added service offerings, Converge is quickly becoming the market leader in vendor-managed inventory (VMI), a comprehensive service that enables a third party such as Converge to fully manage the service inventory life cycle, from forecasting to parts sourcing to disposition services. "Reverse logistics and strategic return management are increasingly recognized as affecting a company's profitability, for which a successful implementation of VMI plays a key role," says Professor Lei Lei, chair, Department of SCM and Marketing Sciences, Rutgers Business School, and director, Rutgers Center for Supply Chain Management. "VMI is an important business solution with great potential for reducing costs and time to market."
Rutgers' Mini-MBA a big hit in Morristown
The Daily Record (Morristown, NJ) – October 25, 2009
The Rutgers University Center for Management Development piloted the 12-week Mini-MBA in the winter of 2002, and expanded it to Morristown in 2004. Since its inception, close to 3,000 students have graduated from the program, and about 18 percent of them have gone on to attend Rutgers' 22-month executive MBA program, according to Abe Weiss, the executive director of the Center for Management Development. "We wanted to extend Rutgers' reach," Weiss said, noting that Morris County has a concentration of important corporations. "It certainly has been more successful than we ever dreamt it would be."
Cory Booker Presents a Week in Review - October 12-18th, 2009
CoryBooker.com (Newark, NJ) – October 19, 2009
Mayor Cory Booker mentions the importance and value of RBS on the city of Newark, explains how the presence of our new building, 1 Washington Park, will help Newark and the state of New Jersey as a whole.
Entrepreneurship Is On the Rise, Educators Find
The Chronicle of Higher Education (Washington, D.C.) – October 18, 2009
Rutgers Business School's Center for Urban Entrepreneurship & Economic Development, which started last year, is located a block from the campus and a block from Newark's Main Street and serves as a bridge between the two, says the founding director of the center, who goes by dt ogilvie. Recent programs have included a "hip-hop women" forum featuring entrepreneurs who employ ex-offenders and gang members in socially beneficial businesses. The center offers an M.B.A. concentration in entrepreneurship and is developing a program for undergraduates.
Rutgers dedicates new business school in Newark
NJBiz (Newark, NJ) – October 16, 2009 [view printable version]
The Rutgers Business School Newark campus on Thursday officially dedicated its new home: an office tower at 1 Washington Park, purchased and renovated for $83 million, that brings all 3,500 undergraduate, MBA and Ph.D. students together in a highly visible facility that officials hope will be a catalyst for the city’s rejuvenation.
Future arrives as Rutgers Business School students and faculty move into high-tech business school
PRLog.com (Newark, NJ) – October 12, 2009 [view printable version]
When the approximately 3,500 undergraduate, MBA, and PhD students arrived for classes in September, they were in for a treat: a brand new state-of-the-art building and headquarters for Rutgers Business School (RBS) at 1 Washington Park in Newark.
Wayne McDonnell named Research Director, Life Sciences for AMR Research
AMR Research News (Boston, MA) – October 5, 2009 [view printable version]
Alumnus Wayne McDonnell (MBA) brings 18 years of experience to his role as Research Director, Life Sciences at AMR Research. He is responsible for research across the life sciences and healthcare value chain, including the pharmaceutical, biotech, medical device, wholesale, and hospital industries. Wayne’s specific focus is on manufacturing, quality, and product supply management across these industries.
Rutgers Business School Research Center Integrates Venture Capital and City Resources With University Research to Spur Economic Development
VerticalNews.com (Atlanta, GA) – October 2, 2009 [view printable version]
The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School (CUEED -- business.rutgers.edu/CUEED) is the first center of its kind in the nation to integrate venture capital and city resources with university research to study and instigate economic development and entrepreneurship.
Nonprofit Executive Leadership Certificate Program at Rutgers Business School
PRLog.com (Newark, NJ) – October 1, 2009 [view printable version]
Based on the belief that better leadership can be learned, The Nonprofit Executive Leadership Certificate Program hosted by The Institute for Ethical Leadership (IEL) is designed to teach leadership skills to Senior Executives of nonprofit organizations and foundations who want to advance their careers, gain credentials for enhancing their future, and reap the benefits of networking with experts and colleagues in the field.
TD Bank scrambles to fix glitch
APP.COM (Asbury Park, NJ) – October 1, 2009 [view printable version]
Professor of finance and economics Darius Palia is quoted in a story about the recent TD Bank computer glitch. Experts said computer glitches in bank mergers, while not uncommon, are the type of problem that can keep executives up at night. "I don't think it's a big risk in the scheme of things, but it depends how long this goes," said Palia. Most banks will have some problems. The question is, how long and how deep is it?"
Business School integrates community
The Daily Targum (New Brunswick, NJ) – September 28, 2009 [view printable version]
New developments at Rutgers Business School’s Center for Urban Entrepreneurship and Economic Development (CUEED) aim to change the way the world looks at commerce. CUEED, the brainchild of dt ogilvie, Associate Professor of Business Strategy, Rutgers Business School, works to promote wealth in urban communities. “CUEED received a $25,000 grant from PNC Bank in support of its Entrepreneurship Pioneers Initiative, which provides training for aspiring entrepreneurs in Newark and New Brunswick campuses, and in the surrounding communities”, said CUEED Fellow Jeffrey Robinson, Assistant Professor of Management and Global Business, Rutgers Business School.
Honing Your Business Concept
Smart Marketing – September 28, 2009
A blog post on smart marketing on a budget references Professor of Supply Chain Management &Marketing SciencesRichard Mammone says,"A successful entrepreneur must be a reductionist."
Shoestring Venture: The Startup Bible now featured in Rutgers Business School
Snk.aes-int.cn – September 27, 2009
Shoestring Venture: The Startup Bible is a start-up and home-based business reference guide featured by Rutgers Business School Professor Ben Sopranzetti, whom Business Week has placed in the top ranks of American business professors, for his entrepreneurship classes.
Health Concerns over Popular Contraceptives
New York Times (New York, NY) – September 25, 2009
Theblackcordelias.wordpress.com – September 25, 2009
BNET (San Francisco, CA) – September 29, 2009
Associate Professor, Rutgers Business School, Prof. Michael A. Santoro, who has studied the ethics in the pharmaceutical industry, said, “The health questions and the lawsuits may rattle consumer confidence, but the warnings from federal health authorities about advertising and quality control raise larger questions about Bayer’s approach to complying with government rules.”
MBAs: what can they do for your career?
PharmaFocus.com (England, UK) – September 25, 2009 [view printable version]
The type of tailored course that Merck Serono offers may be a pointer to the future. In the US, Rutgers Business School, in the heart of the bio-pharma corridor in New Jersey has a partnership with Bristol-Myers Squibb, Eisai, Johnson & Johnson, Merck, Novartis, Roche and Schering-Plough, to offer an MBA in pharmaceutical management, launched in 2008. In India, the rapid growth and relative recession-proofing of the pharma industry has become more attractive for professionals.
Newark showcases Commercial Corridor in historic downtown neighborhood
Daily Newarker (Newark, NJ) – September 24, 2009
Mayor Cory A. Booker and Deputy Mayor for Economic and Housing Development Stefan Pryor, along with leadership from Brick City Development Corporation (BCDC), the Greater Newark Convention and Visitors Bureau, Glocally Newark, the Newark Arts Council, The Newark Downtown District and Rutgers Business School launched a three-week block party and showcase of Halsey Street in downtown Newark.
Travel Channel: "there are opportunities for paid-for content"
GPS Business News (IL) – September 24, 2009 [view printable version]
Alumnus Chris Ackermann (MBA) gave us his thoughts about the mobile content market and the possibilities offered to content providers for monetization. Ackermann joined Travel Channel two years ago.
RBS Starts Semester at One Washington Park
GlobeSt.com (New York, NY) – September 22, 2009
When Rutgers Business School students arrived for fall semester classes, they were greeted by a new building and headquarters located at the 389,393-square-foot, Fidelco Group-owned One Washington Park here, just a few blocks north of the school’s previous location. The presence of RBS at One Washington should assist in the ongoing redevelopment of the northern end of Newark’s Downtown/Arts District, and Broad Street station area, which has a number of vacant properties.
Rutgers Business School opens new headquarters
NJBiz (Somerset, NJ) – September 21, 2009 [printable version]
Rutgers Business School announced last week that it has opened its new headquarters at 1 Washington Park, in Newark, a few blocks north of its previous location. Rutgers occupies the first 11 of the 17 floors at the office tower for facilities that include undergraduate, MBA, Ph.D. and executive classrooms, and meeting spaces to accommodate some 3,500 students.
Declare war on university students who plagiarise
The Malaysia Star (Petaling Jaya, MY) – September 21, 2009 [printable version]
An expert in academic integrity, Professor, Management & Global Business Donald McCabe, did a study at nine US state universities and found that 70% of students cheated on exams and 84% on assignments and 52% plagiarised from the Internet.
Rutgers hopes building will improve image
The Star-Ledger (Newark, NJ) – September 18, 2009 [printable version]
The new Rutgers Business School -- at $83 million, the most expensive building in university history -- opened its doors to students in Newark this month. Administrators are proud of the facility's high-tech classrooms, stock trading floor and sweeping views of Manhattan. But they say its real value isn't visible yet: a fresh start for both town and gown. "The concept is to pull the reputation of the city of Newark and Rutgers University up together," said business school dean Michael R. Cooper. "This is where the talent will be."
Rutgers Business School Research Center Integrates Venture Capital and City Resources With University Research to Spur Economic Development
Reuters(Newark, NJ) – September 16, 2009 [printable version]
MarketWatch(Newark, NJ) – September 18, 2009[printable version]
News 10(Albany, NY) – September 16, 2009 [printable version]
SunHerald.com (Gulfport, MS) – September 16, 2009[printable version]
Yahoo! News (Newark, NJ) – September 16, 2009 [printable version]
NewsBlaze (Newark, NJ) – September 16, 2009 [printable version]
The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School (CUEED -- business.rutgers.edu/CUEED) is the first center of its kind in the nation to integrate venture capital and city resources with university research to study and instigate economic development and entrepreneurship. The center is building upon Rutgers' historic relationship with the City of Newark and contributing to the city's revitalization by helping small- and medium-sized companies that are minority-owned and operated.
Residents should profit from exposing public fraud, Republican panel told
NJBiz (Somerset, NJ) – September 16, 2009 [printable version]
Rutgers Business School professor Wayne Eastman said corruption leads to inefficiency in government, while Franklin Mayor Brian D. Levine said municipalities are given too much room to pick redevelopment projects, so that an official’s “friend can get a nice plum project, complete with eminent domain.”
Rutgers Business School Research Center Integrates Venture Capital and City Resources with University Research to Spur Economic Development
Fox Business (Newark, NJ) – September 16, 2009 [view printable version]
The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School (CUEED -- business.rutgers.edu/CUEED) is the first center of its kind in the nation to integrate venture capital and city resources with university research to study and instigate economic development and entrepreneurship. The center is building upon Rutgers' historic relationship with the City of Newark and contributing to the city's revitalization by helping small- and medium-sized companies that are minority-owned and operated.
100 Best Twitter Feeds for Savvy Business Students
DegreeUs – September 15, 2009 [printable version]
Rutgers Business School is listed among the top nine tweeting business schools on the list of 100 best Twitter feeds for b-school students by DegreeUs: “Even if you aren’t attending one of these schools, these feeds from business schools offer news and information just about any student can use.” Follow @RutgersBschool today.
Fixed Annuities: Everything Old is New Again
NHPR – September 15, 2009 [printable version]
John Longo, Associate Professor of Finance and Economics, was recently on NHPR with Bill Meyers and New Hampshire Public Radio’s Jon Greenberg.Longo says the growth of fixed annuities, not to be confused with variable annuities which are riskier and come with much higher fees, reflects a psychological shift that could last a while.
Rutgers Research Center Works To Create Wealth In Urban Communities
PRLog.org (Newark, NJ) – September 10, 2009 [printable version]
The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School (CUEED) is the first center of its kind in the nation to integrate venture capital and city resources with university research to study and instigate economic development and entrepreneurship. The center is building upon Rutgers’ historic relationship with the City of Newark and contributing to the city’s revitalization by helping small- and medium-sized companies that are minority-owned and operated.
Diversity at Rutgers-Newark: A model mosaic
The Star-Ledger (Newark, NJ) – September 8, 2009 [printable version]
The Newark campus of Rutgers University has something to teach the world. For two years in a row, Rutgers-Newark has been ranked the most diverse in the country by U.S. News and World Report. The survey calculated three out of four people on campus belong to different ethnic groups.
Rutgers asks more deans to fundraise
The Star-Ledger (Newark, NJ) – September 6, 2009 [printable version]
"What we're looking for has changed," Rutgers president Richard McCormick said in an interview. "We need our academic leaders to be thinking of new ways to generate resources." John Farmer Jr., who took over as dean of Rutgers' Newark law school, says he's going to ratchet up involvement of alumni, several of whom had encouraged the former state attorney general and 9/11 commission's chief counsel to make the career shift. He follows the example of the business school's Michael Cooper, a former CEO who two years ago became the first dean at Rutgers from outside the world of higher education.
Grainger Promotes Jeff Yin to Vice President and General Manager, Grainger China
PRNewswire (Chicago, IL) – September 1, 2009 [printable version]
Grainger (NYSE: GWW), a leading industrial distributor, today announced that RBS Alumnus Jeff Yin (MBA) has been named to the position of Vice President and General Manager, Grainger China, based in Shanghai. Yin's new responsibilities include oversight of the Chinese business operations, which had revenues of approximately $10 million in 2008. He reports to Court Carruthers, Senior Vice President and President, Grainger International.
Humility and the Successful Startup
BusinessWeek (New York, NY) – August 28, 2009 [printable version]
Professor and serial entrepreneur Richard Mammone writes about how every skill set required to form a startup should be subjected to a make-or-buy decision process. “In other words, if you don't have it, outsource it. Let me just stop here for a moment and mention that outsourcing is the strategic entrepreneur's solution to most problems. There are too many moving parts in a business to have deep expertise in every area; it's not practical for you to hold on to tasks like marketing if you are an engineer—or product testing if you are a marketing guru.”
Aureon Laboratories Announces Appointment of New CEO
MarketWatch.com (Yonkers, NY) – August 25, 2009 [printable version]
Aureon Laboratories, Inc., a specialized laboratory dedicated to advancing personalized cancer treatment through predictive pathology, today announced the promotion of RBS Alumnus Robert Shovlin (MBA) from the company's President to President and Chief Executive Officer. Prior to joining Aureon, Mr. Shovlin was the Executive Director of Anatomic Pathology for Quest Diagnostics Incorporated.
'G.I. Go' serves New Jersey veterans in need
The Star-Ledger (Newark, NJ) – August 24, 2009 [printable version]
RBS Alumnus Alex Manis and the other co-founders of G.I. Go Fund are featured in an article about the work the non-profit organization is doing for veterans throughout the state. The G.I. GO Fund provides transition assistance to veterans of Operation Enduring Freedom and Operation Iraqi Freedom, as well as support, recognition, and gratitude to all of our servicemen and women.
High-frequency trading has many defenders, but critics say it's killing the market
The Star-Ledger (Newark, NJ) – August 23, 2009 [printable version]
Daniel Weaver, associate professor of finance, said high-frequency trading caused liquidity to dry up -- in other words, it became more difficult to buy or sell securities without affecting the price. "We're fragmenting the market with every step we take,'' Weaver said. The result is volatility and extreme swings in the market. "This fragmentation,'' he said, "hurts market quality,'' he said.
Can a school's culture of cheating be corrected?
The Columbus Dispatch (Columbus, OH) – August 21, 2009 [printable version]
Donald McCabe, professor of management and global business, has been studying cheating since 1990. According to his surveys of more than 60,000 American college students from 2002 to 2008, 48 percent admitted to cheating on written work and 21 percent on exams. In surveys of 25,000 high-school students from 2001 to this year, 70 percent admitted to cheating on a test in the past year and 60 percent on written work.
A-List Stars Flailing at the Box Office
The New York Times (New York, NY) – August 20, 2009 [printable version]
The fading ability of Hollywood stars to command box-office attention, and why that is happening, has been a perennial topic in Hollywood. And economists and academics have long argued that marquee names are not worth their expense. “Stars and success as a corollary is largely a myth,” said S. Abraham Ravid, an economics professor at Rutgers University who has conducted several studies on movie business practices.
The Mini MBA's Big Appeal
BusinessWeek (New York, NY) – August 17, 2009 [printable version]
Rutgers has been offering its Mini-MBA™ in Business Essentials since 2002. "What we intended to do was reinforce knowledge where people had some foundation, and fill in gaps in areas where they had none," says Abe Weiss, executive director of the Rutgers Center for Management Development. "It was a matter of equipping them with the confidence and tools they needed." Indeed, mini-MBA courses can often serve as a stepping stone for students who eventually want to take their business education to the next level, says Farrokh Langdana, director of the Rutger's Executive MBA program and a professor of finance who teaches in the mini-MBA program.
‘Huge holes’ in oversight
The Record (Newark, NJ) – August 16, 2009 [printable version]
John Longo, professor of Finance and Economics shares his "Red flags for private funds" in an article about a Saddle River man who ran a hedge fund that prosecutors claim was actually a Ponzi scheme.
Johnson & Johnson whistleblower suit reinstated
The Star-Ledger (Newark, NJ) – August 14, 2009 [printable version]
Mahmud Hassan, a professor of Finance and Economics is quoted in a recent article about the reinstatement of the Johnson & Johnson lawsuit in which the New Brunswick-based health care giant will have to face allegations by two whistleblowers that it paid doctors to write prescriptions for its powerful anemia drug Procrit. Johnson & Johnson, the New Brunswick-based health care giant, will have to return to federal court to face allegations by two whistleblowers that it paid doctors to write prescriptions for its powerful anemia drug Procrit.
Hindu woman priest in Obama's advisory council
Times of India (Rewari, India) – August 13, 2009 [printable version]
42-year-old Anju Bhargava, president of the Asian Indian Women in America (AIWA), is the second Indian American appointed to the council which is part of the White House Office of Faith Based and Neighborhood Partnerships and includes religious, secular leaders and scholars from different backgrounds as its members. Currently she is also working with Rutgers Business School as a Fellow of Department of Accounting, Business ethics and information systems.
Governmental Accounting, Anyone?
eLearning Pundit (Newark, NJ) – August 12, 2009 [printable version]
A blog post features RBS as a b-school that is answering a growing demand for governmental accounting by offering a Masters in Governmental Accounting online degree program. As the demand for greater transparency and accountability in the spending and allocation of government dollars continues to increase, the need has grown for accounting professionals with specific expertise in government financial management.
Masters in Governmental Accounting at Rutgers Business School offered online answers growing demand
PRLog.com (Newark, NJ) - August 11, 2009 [printable version]
As the demand for greater transparency and accountability in the spending and allocation of government dollars continues to increase, the need has grown for accounting professionals with specific expertise in government financial management. To answer this call, a unique online program – the nation's only advanced degree program in governmental accounting – the Masters in Governmental Accounting at Rutgers Business School, prepares graduates to take advantage of career opportunities in today's fastest growing specialized fields – governmental accounting, auditing, and finance.
NJ Biz (Newark, NJ) – August 10, 2009 [printable version]
The negative outlook on state bonds issued last week by Moody’s Investors Service prompted business leaders to call for a renewed effort to rein in the state’s debt. Professor of Finance and Economics S. Abraham Ravid said the Moody’s announcement is unlikely to have a direct effect on businesses, since people already were aware the state was in a difficult fiscal position.
NJ Biz (Newark, NJ) – August 10, 2009 [printable version]
The negative outlook on state bonds issued last week by Moody’s Investors Service prompted business leaders to call for a renewed effort to rein in the state’s debt. Professor of Finance and Economics S. Abraham Ravid said the Moody’s announcement is unlikely to have a direct effect on businesses, since people already were aware the state was in a difficult fiscal position.
Credit Crisis Roundtable Braintrust
Credit Today (Roanoke, VA) – August 6, 2009 [printable version]
Credit Today recently gathered the top minds in credit reporting, the top risk managers at the largest credit insurers in the world, and other credit leaders together in a room in New Jersey to talk about what's going on in the "real world." Alumnus Kenneth Moyle (RBS MBA), Senior Vice President at Coface North America, was one of the experts at this roundtable discussion.
Postal Service Warns of Service Cuts
KCRW Radio (Santa Monica, CA) – August 6, 2009 [printable version]
Mail volume has dropped almost 13% in the past nine months and the USPS is on track to lost billions this year, but the Internet and the recession aren't the agency’s only problems.Michael Crew, Professor of Regulatory Economics at Rutgers University and Director of its Center for Research in Regulated Industries discussed the issues surrounding the US Postal Service and how it has become a ‘high risk’ government agency.
Rutgers Business School's move into 1 Washington Park spurring redevelopment in Newark
PRLog.com (Newark, NJ) - Aug 4, 2009 [printable version]
The presence of Rutgers Business School at 1 Washington Park will assist in the ongoing redevelopment of the northern end of Newark’s Downtown/Arts District, and Broad Street station area, which has many assets but also many vacant properties.
Cost of corruption: $1B
NJBiz (Newark, NJ) – August 3, 2009 [printable version]
One billion dollars. That’s the price tag a Garden State congressman puts on corruption in New Jersey, and it’s an estimate that’s generally accepted as a reasonable sum. It’s difficult calculating the exact cost corruption exacts on the state, but Wayne Eastman, an associate professor of supply-chain management and marketing sciences at Rutgers University, said bribes generate a multiplier effect that reaches far beyond what changes hands under the table.
Ensuring the Success of Entrepreneurs and Economic Growth of Urban Centers
Metropolitan University Journal (Newark, NJ) – July 2009 [printable version]
The Center for Urban Entrepreneurship & Economic Development (CUEED) was featured in Metropolitan University Journal for the Center’s work with The Coffee Cave on Halsey Street. While The Coffee Cave exists in large part due to the vision and determination of entrepreneur John Murray, the business expertise of students and faculty of The Center for Urban Entrepreneurship and Economic Development (CUEED) at Rutgers Business School also contributed greatly to The Coffee Cave’s grand opening. Established in 2008, CUEED’s mission is threefold: (1) to build a world-class research-driven, teaching and practitioner-oriented urban entrepreneurship and economic development program that will stimulate the economy of the city of Newark and other urban centers; (2) to create wealth in urban communities; and (3) to be a model for all urban universities.
Top 15 Ranking for Supply Chain Management & Marketing Sciences Department at Rutgers Business School
Examinier.com (Newark, NJ) – July 22, 2009 [printable version]
SupplyChainMarket.com (Newark, NJ) - August 11, 2009 [printable version]
The department of Supply Chain Management and Marketing Sciences (SCMMS) at Rutgers Business School (RBS) was recognized as a top 15 program in a report issued by AMR Research Inc. which assessed leading U.S.-based university supply chain programs in 2009. In the report, which looked to match industry needs with a university program's capability to deliver the quality and quantity of supply chain management professionals, Rutgers Business School was ranked 8th in "depth of program" and 10th in "industry value."
BEST Institute Brings Rutgers Intellectual Property to Market
News Blaze (Newark, NJ) – July 22, 2009 [printable version]
Global Investor.com – July 22, 2009 [printable version]
Interest Alert.com – July 22, 2009 [printable version]
Yahoo! News – July 22, 2009 [printable version]
AOL Money News – July 22, 2009 [printable version]
Reuters – July 22, 2009 [printable version]
Bizjournals.com, Inc.– July 22, 2009 [printable version]
Philadelphia Business Journal – July 22, 2009 [printable version]
Washington Business Journal – July 22, 2009 [printable version]
New Jersey Online – July 22, 2009 [printable version]
Breitbart.com – July 22, 2009 [printable version]
Hoover's – July 22, 2009 [printable version]
The Business, Engineering, Science, and Technology Institute (BEST) has created an environment that cultivates entrepreneurship by accelerating the commercialization of Rutgers' intellectual property. Rutgers Business School is promoting educational programs that teach and train Rutgers graduate and MBA students in all aspects of entrepreneurship and innovation commercialization, both in theory and practice.
Eligible unemployed in New Jersey can apply for grant to take Rutgers Mini-MBA™ programs
PRLog.com (Newark, NJ) – July 20, 2009 [printable version]
Rutgers’ three Mini-MBA™ programs: Business Essentials, Finance Essentials, and BioPharma Innovation are among the retraining programs included on the Labor Department’s Eligible Training Providers List. Dislocated workers from any employment sector may be eligible to choose to enroll in one of the Mini-MBA™ programs (Individual Training Accounts of up to $4,000 each).
Think Fans Hate It When Movie Openings Change? Wall Street Does, Too
The New York Times (New York, NY) – July 14, 2009
In a study, Liran Einav (from Stanford’s economics department) and S. Abraham Ravid, Professor of Finance and Economics looked at what happened to the stocks of media companies after announcements of movie date changes, which can be a fairly routine occurrence with less expensive pictures but is rarer with the big-budget variety.
The Ten Commandments, #8
The Examiner (Newark, NJ) – July 14, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheatingdid a survey of 4,500 students for Rutgers Management Education Center. Among his findings were responses that indicated that 75% of the students engage in serious cheating; more than half of them plagiarized; and 50% did not consider copying test questions and answers as cheating.
BEST Institute brings Rutgers intellectual property to market
PRLog (Newark, NJ) – July 9, 2009
Business Dashboard (Newark, NJ) – July 9, 2009
The Business, Engineering, Science, and Technology Institute (BEST – best.rutgers.edu) has created an environment that cultivates entrepreneurship by accelerating the commercialization of Rutgers’ intellectual property and promoting educational programs that teach and train Rutgers graduate and MBA students in all aspects of entrepreneurship and innovation commercialization, both in theory and practice.
Rutgers Mini-MBA program draws international students
The Star-Ledger (Newark, NJ) – July 6, 2009
The Rutgers Mini-MBA program at the university's Center for Management Development has mushroomed since former Goldman Sachs executive Abe Weiss launched it in 2003. Last month's courses were the first to be administered on consecutive days, instead of weekly for 12 weeks, a decision that turned them into an international attraction. More than 2,500 professionals have completed a Mini-MBA course, whether on campus or at an in-house administration at a company or nonprofit organization. The original "Business Essentials" course has averaged 23 students, Weiss said, and inspired successful spinoffs such as "Finance Essentials,” "BioPharma Innovation," “Strategic Healthcare Management," and "BioPharma Entrepreneurship."
Hoffman La Roche planning to leave Pharma
The Star-Ledger (Newark, NJ) – June 29, 2009
Professor Mahmud Hassan, director of the pharmaceutical management MBA program, comments on the Hoffman La Roche’splans to drop its membership in the Pharmaceutical Research and Manufacturers Association. “I understand their logic. Once they became part of Genentech, they have more of an identity with BIO.''
GE Appoints Two Company Officers
BusinessWire (Fairfield, CT) – June 29, 2009
GE today announces the appointment of two new company officers. GE currently has 186 GE officers globally. Alumnus Heather (Xiaojun) Wang (MBA), has been named vice president of Human Resources for GE International. During her 15 years at GE, Wang has held leadership positions within GE Lighting, GE Capital and GE International. GE officers like Heather lead large revenue generating businesses or are in critical functional roles, helping to drive growth.
Top 15 Ranking for Supply Chain Management & Marketing Sciences Department at Rutgers Business School
PR Newswire (Newark, NJ) – June 22, 2009
Yahoo! News – June 22, 2009
Reuters – June 22, 2009
MarketWatch– June 22, 2009
Forbes.com– June 22, 2009
Entrepreneur– June 22, 2009
New Jersey Online – June 22, 2009
Breitbart.com – June 22, 2009
The department of Supply Chain Management and Marketing Sciences (SCMMS) at Rutgers Business School (RBS) was recognized as a top 15 program in a report issued by AMR Research Inc. which assessed leading U.S.-based university supply chain programs in 2009. In the report, which looked to match industry needs with a university program's capability to deliver the quality and quantity of supply chain management professionals, Rutgers Business School was ranked 8th in "depth of program" and 10th in "industry value."
For the Love of Technology
Rutgers University Alumni Association News (New Brunswick, NJ) – June 26, 2009
Alumni Mindy Rosner Zaziski RBS'84 and Richard Zaziski NCAS'78 have been married since 1985, but they ran in the same professional circles long before they first met at a holiday party in '82. Their blend of skills yielded FYI Business Solutions, an IT professional services firm that helps companies drive business performance by effectively leveraging the power of technology. Mindy's MBA from Rutgers Business School allowed her to build upon her Bucknell undergraduate math major, tap into her information technology interest, and hone her management skills. "My Rutgers experience prepared me well," she says.
Alumnus Ralph Izzo, PSEG Chair, President and CEO, Inducted to Rutgers Board of Governors
Rutgers Media Relations (New Brunswick, NJ) – June 25, 2009
RBS Alumnus Ralph Izzo (MBA ’02) chair, president and chief operating officer of Public Service Enterprise Group Inc. (PSEG) in Newark, was inducted today as a Public Governor of Rutgers, The State University of New Jersey, at the university’s Board of Governors meeting.
Part-time MBA program still accepting applications
PRlog.org (Newark, NJ) – June 25, 2009
Earning an MBA part-time at Rutgers Business School is a great option for those who want to gain advantage in the business world and open various career advancement opportunities while still working. In these difficult economic times, making yourself more marketable is critical.
Symmetry Medical Appoints Chairman and Two Directors
PR Newswire (Warsaw, IN) - June 23, 2009
Symmetry Medical Inc. (NYSE: SMA), an independent provider of products to the global orthopedic device industry and other medical markets, announced today the appointment of current Director Craig Reynolds as Chairman of the Board and the election of RBS Alumnus Thomas Chorman (MBA) and Robert Deuster as Directors. In conjunction with his appointment to the Board, Mr. Chorman was appointed to Chair the Finance and Systems Committee and serve on the Audit Committee.
Top 15 Ranking for Supply Chain Management & Marketing Sciences Department at Rutgers Business School
Reuters (Newark, NJ) – June 22, 2009
NJ.com (Newark, NJ) – June 22, 2009
TradingMarkets.com (Newark, NJ) – June 22, 2009
Stockhouse.com (Newark, NJ) – Junes 22, 2009
The department of Supply Chain Management and Marketing Sciences (SCMMS) at Rutgers Business School (RBS) was recognized as a top 15 program in a report issued by AMR Research Inc. (www.amrresearch.com), which assessed leading U.S.-based university supply chain programs in 2009.
Morals Vs Profits, A Tug Of War For Business In China
Reuters (Beijing, CN) – June 22, 2009
China Digital Age (Beijing, CN) – June 22, 2009
Beyond being good corporate citizens, do international firms operating in China have a moral duty to advance democracy and human rights? Michael Santoro, professor of business ethics at Rutgers Business School in New Jersey, challenges that conventional view, arguing that foreign business can and should do more in the coming decade to shape social and political change in China.
Meddling or Good Business?
The New York Times (New York, NY) – June 22, 2009
In his new book, “China 2020,” Michael Santoro, professor of business ethics, says it is in the economic interest of Western companies to abandon their “complacent partnership” with the Chinese government. “Foreign investment in China will never truly be secure unless it is embedded in a society where rights, including economic rights, are respected, where the government bureaucracy is effective in enforcing market regulations, and where a strong and independent rule of law protects the rights and economic interests of its citizens,” Dr. Santoro writes.
Womanhood Passage Fundraiser & Womanhood Learning Project
Hip Hop Press Releases (New York, NY) – June 16, 2009
The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School supports The Womanhood Learning Project, which magnifies women's roles and leadership positions within Hip-Hop culture and the community. The two main goals for the WLP in 2009 are a resource book entitled, Fresh, Bold, So Def: Women in Hip-Hop Changing the Game and the Ladies First Fund, the first grant for women in Hip-Hop. Fresh, Bold, So Def: profiles over 300 artists, activists, and entrepreneurs, while the Ladies First Fund is an initiative that offers a $5,000 grant to a candidate dedicated to social entrepreneurship in the Newark, New Jersey area.
Rutgers’ New Institute to Fill Gap in Ethical Leadership Resources
Stacy Blackman Consulting (Los Angeles, CA) – June 15, 2009
Rutgers Business School’s Institute for Ethical Leadership was created to address the lack of ethical leadership resources for businesses, nonprofits and government. “Our mission is to provide leaders from all arenas, not just business, with the decision making tools to address and tackle tough ethical issues,” said James Abruzzo, co-founder of the institute.
Entrepreneurship pioneers initiative kicks off at Rutgers-Newark
NJ Biz (Newark, NJ) – June 15, 2009
Fifty first-generation entrepreneurs met at the Paul Robeson Center at the Rutgers University on Friday morning for the launch of the New Jersey Entrepreneurship Pioneers Initiative. The nine-month project, sponsored by The Center for Entrepreneurship & Economic Development at Rutgers Business School, will help the entrepreneurs expand their businesses through training, counseling, networking opportunities and access to local financial resources.
Friends Without Benefits: The Bush/Obama China Policy
The Huffington Post (New York, NY) – June 12, 2009
In a featured blog post on Huffingtonpost.com, Michael A. Santoro, associate professor, and Wendy Goldberg discuss the political and business climate Professor Santoro found during his recent visits to China, his last to launch his latest book: China 2020 - How Western Business Can - and Should - Influence Social and Political Change in the Coming Decade (Cornell University Press 2009).
The State of Minority and Women Business in New Jersey: A Public Policy Forum
PRlog (Newark, NJ) - June 12, 2009
As we approach the gubernatorial election, the New Jersey Public Policy Research Institute (NJPPRI) is hosting a series of public policy forums addressing issues that affect the African American community and other minority communities. NJPPRI, the Greater Newark Business Development Consortium (GNBDC) and The Center for Urban Entrepreneurship and Economic Development (CUEED) at Rutgers Business School are hosting this session jointly.
American Digital Signage Expands Management Team with New Executive
PR.com (Levittown, NY) – June 9, 2009
American Digital Signage, a digital out of home network and digital signage solutions provider has added a added an RBS alumnus to its executive team in June - Executive Vice President Sales & Marketing, Drew Bernstein (MBA). American Digital Signage is proud to welcome Mr. Bernstein, a dynamic professional who will help guide the company to achieve success with its aggressive growth plans.
Winning Rutgers Business School student teams receive $25,000 to launch and grow new businesses
PRLog (Newark, NJ) – June 8, 2009
Rutgers Media Relations (New Brunswick, NJ) – June 8, 2009
A nonprofit microlending organization and a new online phone application for commuters were considered to be the top two business ideas in the annual Rutgers Business Plan Competition, hosted by the Institute of Business, Engineering, Science, and Technology (BEST) .
Rutgers Business School crosses over 1,000 graduates for first time in 80-year history
Rutgers Media Relations (New Brunswick, NJ) – June 8, 2009
PRLog (Newark, NJ) – June 4, 2009
Over 1,000 Rutgers Business School (RBS) students earned diplomas in New Brunswick May 19 and in Newark May 21, making the class of 2009 the largest graduating class in the school’s 80-year history. “Ittook 80 years to get over 1,000 graduating students,” said Michael Cooper, PhD, Dean of Rutgers Business School. “The next thousand should come much quicker.” Overall it was the 243rd commencement of Rutgers, the State University of New Jersey, the eighth oldest institution of higher learning in the country.
Teachers/Students Deal With Increased Cheating In Schools
The Mycenaean (Raleigh, NC) – June 4, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating has found throughout his research that 95 percent of high school students say they have cheated over the course of their education. McCabe’s findings mimic a lot of what many teachers already know. Mrs. Scioli, a teacher at LRHS, described the popularity of cheating as “an epidemic.”
Cory Booker ditches proposal for water authority
The Star Ledger (Newark, NJ) – May 31, 2009
Newark has tabled a proposal to create a municipal utility authority to manage the city's water system in order to get additional public input, Mayor Cory Booker said. The city will now call on dt ogilvie, Professor of Business Strategy and Founding Director of The Center for Urban Entrepreneurship & Economic Development (CUEED) at Rutgers Business School, to create a panel of experts to hash out the issue over six to eight months, and deliver a definitive proposal to Booker and the council.
Commissioner Socolow Welcomes First Generation Entrepreneurs to a 9-Month Weekend Training Program
North Jersey Partners – May 29, 2009
Commissioner of the Department of Labor and Workforce Development, David Socolow, addressed a group of 50 first generation entrepreneurs stating that the nine-month training program that they are embarking on is a culmination of New Jersey’s efforts to give people the opportunity to succeed. Over 150 entrepreneurs applied for EPI that includes workshops on operations and technology management, branding, procurement, strategic alliances, and international trade. EPI also offers entrepreneurs one-on-one and group counseling, mentoring, and networking opportunities. Dr. Jeffrey Robinson, assistant director of the The Center for Urban Entrepreneurship and Economic Development (CUEED) at Rutgers Business School summed up this opportunity, “We will challenge you to make your business grow.”
Harvard MBAs Debut Oath for the Most Dishonest Profession
Daily Kos – May 29, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating conducted a study that found that 56% of MBA seekers acknowledged cheating, more than those in fields such as education (48%), social sciences (39%) or even law (45%).
USA TODAY list of most influential doctors honors 18 physicians in Monterey County
The Californian.com (Salinas, CA) – May 28, 2009
An analysis by Tulikaa Bhatia, Assistant Professor Supply Chain Management & Marketing Sciences and hercolleagues found that marketing drugs to "opinion leaders" boosts prescription revenue. "Even though a guy only writes $25 worth of prescriptions himself, he may influence other people who write $100 worth," Bhatia says.
Urban Sustainable Cities: The Challenges and Priorities
Green Talk™ – May 27, 2009
The Jumpstart the New Green Economy conference included seminars that dealt with the challenges of urban communities. Dr. dt ogilvie, Founding Director, the Center for the Urban Entrepreneurship and Economic Development and Associate Professor of Business Strategy was a panelist at the event.
Social Media and ROI
The Green Market – May 25, 2009
A blog post on tips and tricks for social new media quotes Sharan Jagpal, Professor of Marketing, and his recent article called “The Pursuit of ROI: Will It Lead You to Rags or to Riches?” Jagpal points out, the "unwillingness to replace old business models, strategies, and metrics with new ones is causing some companies hardship and leading many others to their deaths."
Cheating 2.0
The National Law Journal (New York, NY) - May 25, 2009
About 45% of law school students have engaged in some form of cheating at least once in the previous year, according to a survey published in 2006 by Donald McCabe, Professor of Management and Global Business and leading expert on student cheating. The survey was based on data collected from 54 colleges and universities. McCabe found evidence that students' definition of what constitutes cheating has narrowed. "Students are redefining what cheating is," McCabe said.
Mayor Cory Booker is popular choice as commencement speaker
The Star-Ledger (Newark, NJ) – May 25, 2009
Mayor Cory Booker spoke at four colleges and universities in New Jersey including Rutgers Business School, and three out-of-state schools -- as well as at least one prep school. Booker, who said he gives first preference to Newark schools, addressed the graduating class at the New York University School for Continuing and Professional Studies on May 11; New Jersey Institute of Technology on May 16; Brandeis University in Waltham, Mass., on May 17; Teachers College at Columbia University on May 19 and Rutgers Business School in Newark on May 21.
Leading New Jersey economists weigh in on budget debate
News Room New Jersey (Montclair, NJ) – May 22, 2009
More than 40 New Jersey economists and public policy experts, coordinated by the Better Choices Budget Campaign (BCBC), sent a letter to the Governor arguing in favor of increasing revenues from New Jersey's high-income earners rather than make spending cuts that harm lower and middle income households. The list of experts included Professor of Management and Global Business Nancy DiTomaso, Associate Professor of Management & Global BusinessSusan Feinberg, Assistant Professor of Management and Global BusinessMichelle Gittelman, and many other professors from Rutgers University.
Academia or Industry? Finding the Right Fit
Science Careers (Washington, DC) – May 22, 2009
Associate Professor Michael A. Santoro, who teaches courses on the ethical and legal aspects of the pharmaceutical industry, was quoted in a recent article on the limits of research in business. When young scientists "first start becoming acquainted with what it means to do research in the private sector, it's really quite a culture shock," says Santoro. "In business, everything begins with the profit motive. ... Just the very idea of research is geared towards a product rather than knowledge itself. The most critical factor in determining whether a scientist is going to be successful in making the transition from the university to the private sector is the ability to buy into that point of view."
Coffee Break: Prudential's vice chairman talks about ethics
Star-Ledger (Newark, NJ) - May 21, 2009
In an effort to provide that sort of training to leaders in business, government and the nonprofit world, Rutgers Business School is launching the Institute for Ethical Leadership. Prudential, the Newark-based insurer and financial services company, pledged $2 million toward the creation of the center last year. Mark Grier, vice chairman of Prudential Financial, discusses business ethics in this article.
New York, NYMay 21, 2009
Dow Jones Newswires notes that companies including Merck, Abbott, Amgen, and Wyeth have all expanded patient-assistance programs in recent weeks. Professor Mahmud Hassan, professor of finance and economics and director of the Blanche and Irwin Lerner Center for Pharmaceutical Management Studies says that while it’s a "good gesture" for these companies to address the recession through such initiatives, there may be unintended consequences, such as pressure to maintain the programs after the recession is over and a price increase for drugs not covered by the program, as well as the price of drugs for the insured.
The Pursuit of ROI: Will It Lead You to Rags or to Riches?
MarketingProfs (Houston, TX) – May 19, 2009
Professor of Marketing Sharan Jagpal writer about the unwillingness to replace old business models, strategies, and metrics with new ones which he believes is causing some companies hardship and leading many others to their deaths. “Given the gloomy circumstances many businesses find themselves in today, I ask CEOs and marketing executives to reconsider one popular metric: Return on Investment (ROI) as a resource-allocation tool and measure of performance (including marketing productivity).”
10 questions with Michael Niedermeier, Barnum Festival ringmaster
Connecticut Post (Bridgeport,CT) – May 17, 2009
The ringmaster of the 61st annual Barnum Festival, a collection of 17 circus-themed events, is RBS Alumnus Michael Niedermeier, a certified public accountant and a partner-in-charge with BlumShapiro. Niedermeier earned an undergraduate degree from the College of the Holy Cross in Worcester, Mass., and an MBA from Rutgers University.
Co-operation new mantra of business
Emirates Business 24/7 (Dubai, UAE) – May 17, 2009
Dr. Farok Contractor, Professor in the Management and Global Business department at Rutgers Business School, writes about how cooperation among companies is an integral part of the new model for business in a globalized economy. “Today, the largest economic grouping is not the multinational corporation, but the global industry network consisting of companies that simultaneously compete and cooperate. The “fittest” corporation of the 21st century and beyond is one that masters the art of competition, when acting alone, and the art of collaboration when part of a worldwide network.”
Entrepreneurship pioneers initiative kicks off at Rutgers-Newark
NJ Biz (Newark, NJ) - May 15, 2009
Fifty first-generation entrepreneurs met at the Paul Robeson Center at the Rutgers University on Friday morning for the launch of the New Jersey Entrepreneurship Pioneers Initiative. The nine-month project, sponsored by the Center for Entrepreneurship & Economic Development at Rutgers Business School, will help the entrepreneurs expand their businesses through training, counseling, networking opportunities and access to local financial resources.
In patients' hunt for care, doctor database 'a place to start'
USA Today (New York, NY) – May 14, 2009
An analysis by Tulikaa Bhatia, Assistant Professor Supply Chain Management & Marketing Sciences and hercolleagues found that marketing drugs to "opinion leaders" boosts prescription revenue. "Even though a guy only writes $25 worth of prescriptions himself, he may influence other people who write $100 worth," Bhatia says.
CareFusion Names Alumnus Edward Borkowski as Chief Financial Officer
StreetInsider.com (San Diego, CA) – May 14, 2009
CareFusion Corporation, the company that will become public from the planned spinoff of Cardinal Health's clinical and medical products businesses, today announced that alumnus Edward J. Borkowski (MBA) has been named chief financial officer (CFO). Borkowski has been CFO of Mylan, Inc. since 2002 where he helped transform the company from a U.S.-based generic business to one of the largest generic pharmaceutical companies in the world, operating in more than 60 countries.
Trial Puts Spotlight on Merck
New York Times (New York, NY) – May 14, 2009
Associate Professor Michael A. Santoro, who teaches courses on the ethical and legal aspects of the pharmaceutical industry, was quoted in a recent article questioning Merck’s course in a recent lawsuit. “How much money can Merck be saving on the payouts that would be worth this kind of bad publicity years later?” said Santoro.
Prescription drugs scapegoat for rising health care costs
Asbury Park Press (Asbury Park, NJ) – May 10, 2009
Professor Mahmud Hassan, professor of finance and economics and director of the Blanche and Irwin Lerner Center for Pharmaceutical Management Studies writes about how cutting spending on drug therapies could shrink the amount of money for research and development of new drugs.
Newark Mayor Cory Booker, Business Leader Alfred Koeppe, Author Jayne Anne Phillips Among Speakers at Rutgers Commencements in Newark May 19 – 22
Rutgers Media Relations (Newark, NJ) – May 6, 2009
At 10 a.m. on Thursday May 21, Newark’s mayor, the Honorable Cory A. Booker, will address graduates ofthe Rutgers Business School-Newark and New Brunswickin theNew Jersey Performing ArtsCenter in Newark. Since taking his oath of office in 2006, his vision has been to transform Newark into a leading city in safety, prosperity, and family life.
Capitalism’s Future Lies in Networks and Cooperation
The Epoch Times (New York, NY) – May 6, 2009
Dr. Farok Contractor, Professor in the Management and Global Business department at Rutgers Business School, writes about how cooperation among companies is an integral part of the new model for business in a globalized economy. “Today, the largest economic grouping is not the multinational corporation, but the global industry network consisting of companies that simultaneously compete and cooperate. The “fittest” corporation of the 21st century and beyond is one that masters the art of competition, when acting alone, and the art of collaboration when part of a worldwide network.”
Are B-Schools To Blame?
Forbes.com (New York, NY) – May 4, 2009
According to leading research experts, the leadership skills imparted in business school fail to measure up in many obvious ways. Studies by Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, reveal that M.B.A. students are more likely to cheat than other students. He found that 56% of M.B.A. students admitted that they cheated in class, versus 47% of non-business students.
Prescription drugs are convenient scapegoats
NorthJersey.com (Bergen County, NJ) - May 2, 2009
Professor Mahmud Hassan, professor of finance and economics and director of the Blanche and Irwin Lerner Center for Pharmaceutical Management Studies writes about how cutting spending on drug therapies could shrink the amount of money for research and development of new drugs.
What's in the journals, April 2009
Economist.com (London, England) - April 30, 2009
Associate Professor of Management & Global Business Susan Feinberg was featured in an article summarizing noteworthy articles from business journals for the month of April. Professor Feinberg's article, “MNC Subsidiaries and Country Risk: Internalisation as a Safeguard Against Weak External Institutions," tackles the question: how should firms hedge against risk when entering a new country with weak governance?
What's in the journals, April 2009
Economist.com (London, England) - April 30, 2009
Associate Professor of Management & Global Business Susan Feinberg was featured in an article summarizing noteworthy articles from business journals for the month of April. Professor Feinberg's article, “MNC Subsidiaries and Country Risk: Internalisation as a Safeguard Against Weak External Institutions," tackles the question: how should firms hedge against risk when entering a new country with weak governance?
Firms Look to Prevent Swine Flu Pandemic, Turn a Profit
ABC (New York, NY) – April 28, 2009
Face-masks and hand-sanitizer are flying off the shelves and pharmaceutical stocks are skyrocketing on fears that a swine flu outbreak could go global. "The hand sanitizer business will soar," said Professor Mahmud Hassan, director of the Pharmaceutical Management MBA Program at Rutgers University. "People will use more napkins and lotions. That business will go up."
Tips for Buying and Selling Via E-Mail
Brainerd Lakes Realtor Randy Blog (New York NY) – April 28, 2009
Terri R. Kurtzberg, an associate professor of management and global business at Rutgers Business School, conducted a study of online communications. She found that people aren't always as honest when they communicate via e-mail compared to other forms of communications.
Students affect Johnson & Johnson’s business plan
The Daily Targum (New Brunswick, NJ) – April 26, 2009
A team of Rutgers-Newark Business School students took home first place in the Johnson & Johnson National Case Competition, earning the school a bit of cash and a lot of respect. The team, comprised of junior accounting majors Adam Shaarawy and Julian Ortiz, junior finance majors Fabiola Emilio and Dimple Khatiwala, and sophomore marketing major Nimita Mittra defeated nine other business schools, including the University of Illinois, La Salle, Penn State and Rutgers-New Brunswick, to claim a $3,000 prize for student scholarships.
Revealed: FAKE Degrees
Khaleej Times Online (Dubai, UAE) – April 26, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, carried out a comparative study of cheating behaviors in the UAE and US. He said that there was little difference between how UAE and US students viewed cheating, with?one exception. “UAE students do seem to have a somewhat greater entitlement perspective,” he said. “They can sometimes cheat because they think they deserve good grades.”
The E-Mail Handshake
The New York Times (New York, NY) – April 26, 2009
“People are less inhibited and they seem to feel that they can get away with more self-serving behavior when they send an e-mail,” said Terri R. Kurtzberg, an associate professor of management and global business at Rutgers Business School. In a study that she conducted with researchers at DePaul and Lehigh Universities, she found that people are more likely to lie in an e-mail message than when they converse on paper. People don’t ask questions as well online and are less likely to reveal their true interests, she said.
MTI Focused on Delivering Extended Strategic Value to Key Clients
Market Watch (Langhorne, PA) – April 21, 2009
MTI, the pioneer of communication optimization to healthcare providers (HCPs), is pleased to announce the addition of Ciro Maria as Executive Director, Client Services. In this role, Mr. Maria is responsible for advancing key MTI client relationships and identifying new business opportunities. Mr. Maria earned a BS from Stevens Institute of Technology and is currently pursuing his MBA at Rutgers Business School.
New Rutgers institute will teach ethics to students, business leaders
NJ Biz (Newark, NJ) – April 20, 2009
A new Institute for Ethical Leadership at Rutgers University’s campus in the city will hold its inaugural conference May 27, with speakers drawn from academia and business. The institute’s mission will be teaching business students how to cope with the ethical dilemmas they will face in their careers, while bringing managers from business, government and nonprofits to the university for workshops on tackling ethical challenges.
Capitalism’s Future Lies in Networks and Cooperation
Yale Global Online (Camden, NJ) – April 20, 2009
Dr. Farok Contractor, Professor in the Management and Global Business department at Rutgers Business School, writes about how cooperation among companies is an integral part of the new model for business in a globalized economy. “Today, the largest economic grouping is not the multinational corporation, but the global industry network consisting of companies that simultaneously compete and cooperate. The “fittest” corporation of the 21st century and beyond is one that masters the art of competition, when acting alone, and the art of collaboration when part of a worldwide network.”
Job Search: Making Big Changes
CNBC (New York, NY) – April 17, 2009
Two RBS students, Mehrdad Samadi and Dana Shaheen appeared on CNBC's show with Rebecca Jarvis. They discussed finding work in a tough labor market with Andrew Yang, Manhattan GMAT CEO; and Donny Deutsch, The Big Idea.
Ethics Are Being Taught, But MBAs Cheat
HOW online – April 16, 2009
A study published in 2006 by the columnist, Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, showed that MBAs cheat more than other graduate students in the U.S. and Canada. Why? “The biggest issue is the get-it-done, damn-the-torpedoes, succeed-at-all costs mentality that many business students bring to the game,” says McCabe, referring to his and other studies on the subject.
LinkedIn growing despite (or should that be because of) recession
Thoughts of kinship (London, United Kingdom) – April 16, 2009
It´s clear the recession has played a significant role in the continued success of the LinkedIn. But is it actually successful yet? "It’s rather successful purely in terms of the numbers of people who are on it," said Sharan Jagpal, a marketing professor at Rutgers Business School. "Ultimately, the question is, how effective is it?"
Rutgers Business School Launches Institute for Ethical Leadership on May 27
BusinessWire (Newark, NJ) – April 16, 2009
In order to address the continued need for ethical leadership in business, government and the non-profit arena and at a time when many sectors of American society are facing new and continually emerging ethical challenges, Rutgers Business School is launching the Institute for Ethical Leadership at a special ceremony in May.
Incoming Class of 2013 will be most diverse, largest in history
The Daily Targum (New Brunswick, NJ) – April 6, 2009
This academic year featured the largest, most academically prepared and diverse first-year class in University history, said President Richard L. McCormick, and the University administration expects next year’s class to top this class in every dimension. “A large part of the incoming first-year students will be business majors due to a huge demand into the business program,” he said. “This is partly due to the plan to increase business major students at Rutgers.” Eight thousand students applied for 400 spots in the Rutgers Business School last year, he said.
A business deduction that soaks taxpayers
The Philadelphia Inquirer (Philadelphia, PA) – April 6, 2009
Jay A. Soled, Professor Accounting, Business Ethics & Information Systems andRichard L. Schmalbeck ofDuke Law School, recently wrote an op-ed piece for the Philadelphia Inquirer. “We are awash in reports of corporate excess in the form of salaries, bonuses, lavish office decorations, and company retreats. But even though it's equally pernicious, excess of another kind has received less attention: tax-deductible expenses for business entertainment.”
U. affiliates weigh in on auto industry, government relationship
The Daily Targum(New Brunswick, NJ) – April 6, 2009
Clinical Associate Professor of Finance and Economics John Longosaid the recent resignation of G.M. Chairman and Chief Executive Richard Wagoner at the behest of the White House was largely symbolic, since another long-term G.M. executive was appointed to replace Wagoner. “I believe the move was to signal to the outside markets and the American people that change was needed and will occur at G.M.,” Longo said. “G.M. stock went down on the news, since it showed the government was willing to play hardball and that there is an increased chance that G.M. will declare bankruptcy.”
Without restructure of debt, Six Flags to file for bankruptcy
The Daily Targum (New Brunswick, NJ) – March 29, 2009
Six Flags Inc. might be in for an upsetting ride as they are teetering on the brink of bankruptcy. John Longo, clinical associate professor of finance, said some of Six Flag’s problems are due to the recession, since visiting an amusement park is a moderately priced discretionary spending item. “The company is losing money due in part to the weak economy and doesn’t have enough cash on hand or through credit lines to pay an upcoming debt payment. If it misses the payment it will go bankrupt,” Longo said.
People lie more in emails
Newsline365 (Nashik, India) – March 28, 2009
Researches proved that people are more prone to lying in emails than handwritten correspondence. In tests carried out by business Associate Professor Management & Global BusinessTerri Kurtzberg and professor Liuba Belkin of Lehigh University concluded that “People seem to feel more justified in acting in self serving ways when typing as opposed to writing.”
Rutgers University in Newark: Everything you want a college to be, as well as a lot more
The Star Ledger(Newark, NJ) – March 27, 2009
April 18th marked another great campus-wide open house featuring the Newark College of Arts and Sciences, University College-Newark, the Graduate School-Newark, the Rutgers College of Nursing, the Rutgers School of Law-Newark, the Rutgers Business School-Newark and New Brunswick, the Rutgers School of Criminal Justice, and the Rutgers School of Public Affairs and Administration.
Leading Experts on Social Entrepreneur Movement Discuss Changing Nature of Capitalism
UB University Relations (Baltimore, MD) – March 26, 2009
Jeffrey Robinson, assistant professor and assistant director of the Center for Urban Entrepreneurship and Economic Development at Rutgers Business School was a featured speaker at The University of Baltimore's "The Future of Capitalism: Tools for Social Change," a half-day overview of the burgeoning social entrepreneur movement and the need for fundamental change in the way the global economy works, April 20.
Summit resident takes initiative in rebuilding Newark
Independent Press(Summit, NJ) – March 24, 2009
Summit resident and businessman Paul Profeta has formed a new foundation with The Center for Urban Entrepreneurship and Economic Developmentat Rutgers Business School with the goal of nurturing minority enterprise in Newark, New Jersey. "I want to see this [Newark] as a 24-7 community, with a vibrancy of shops, restaurants, theaters," Mr. Profeta said.
What Did You Miss at the DiversityInc Learning Event?
DiversityInc (Newark, NJ) – March 16, 2009
Farrokh Langdana, Professor of Finance and Economics and Director of Rutgers University's Executive MBA program, covered bubble economics and the first DiversityInc Learning Event. Comparing our failing economy of the last eight years to a basketball game. Langdana said, "[This country] lost the ball for a while, but we now have it back.”
Feeling squeezed, small firms consider going dark
NJBiz.com (Somerset, NJ) – March 16, 2009
John Longo, Professor of Finance and Economics explains why some publicly held businesses are going dark, or delisting from major stock exchanges. “The substantial costs it takes to stay listed could drive the pace of voluntary delistings to accelerate,” said Longo. Longo said the economy’s crash is also beating down the share price of many companies to fire-sale levels — sometime to a point where they may be forced to delist because their per-share price has fallen below the statutory minimum.
LinkedIn social network keeps growing during recession
The Star-Ledger (Newark, NJ) – March 15, 2009
Even as LinkedIn grows, there are some skeptics who wonder whether its vast networks can really help the majority of users find work, new business opportunities -- or jobs. "It's rather successful purely in terms of the numbers of people who are on it," said Sharan Jagpal, Professor of Marketing. "Ultimately, the question is, how effective is it?”
Mega mergers sweep pharma industry
Royal Society of Chemistry (London, England) – March 13, 2009
Mahmud Hassan, Professor of Finance and Economics and Director of the Pharmaceutical Management MBA Program, says that more pharma mergers are inevitable, and cost savings are essential. “Managed care is having a big influence, as it's not just physicians who dictate the line of treatment anymore,”' he says. Coming healthcare reforms will also inevitably see prices paid for drugs fall, and a greater reliance on cheap generics. “Unless companies take care of the negative impact now, it will be too late.”
K. Hovnanian and Toll Brothers offer help with mortgage if homebuyer is laid off
The Star-Ledger (Newark, NJ) – March 12, 2009
Sandy Becker, Professor of Marketing, comments on companies like Hyundai and JetBlue Airways, who are being more sensitive to struggling consumers. From an emotional standpoint, this is very powerful," said Becker. "This is a way to make consumers feel good about taking the leap, spending the money, but having a security blanket that in case things don't work out, you have an option."
Merck's big deal
The Star-Ledger (Newark, NJ) – March 10, 2009
Mahmud Hassan, Professor of Finance and Economics and Director of the Pharmaceutical Management MBA Program,answers a variety of questions about the Merck and Schering-Plough deal announced in early March including why Merck wants Schering-Plough and why Big Pharma is so worried about small generic companies.
dt ogilvie guest on ‘Taking Care of Business with Jill Johnson’
Northstar News(Irvington, NJ) – March 10, 2009
dt ogilvie, Professor of Business Strategy and Founding Director of The Center for Urban Entrepreneurship & Economic Development (CUEED),talks with Jill Johnson about the initiatives of CUEED and how the center and The Profeta Urban Investment Fund are helping minority entrepreneurs start businesses in Newark New Jersey.
Armstrong Joins The Hampshire Companies as Assistant Controller
CityBizList Philly (Philadelphia, PA) – March 9, 2009
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has announced the appointment of alumnusKaren Armstrong (RBS MBA ’85) as Assistant Controller. Ms. Armstrong will participate in all financial reporting, accounting and tax matters pertaining to the company. Ms. Armstrong has more than 20 years of accounting experience having previously worked for Coopers & Lybrand, RJR Nabisco and AT&T.
In Other Ivory Towers
The Michigan Daily (Ann Arbor, MI) – March 8, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating has conducted multiple surveys on student cheating. Results from a survey of 54 universities in the United States and Canada from 2002 to 2004 found business school graduate students cheat more than graduate students studying different subjects.
Selective Insurance Group Announces Officer Appointments
PR Newswire (Branchville, NJ) – March 5, 2009
Selective Insurance Group announced the appointment of alumnus Debra J. Wilber (MBA ’08)to senior vice president of corporate claims. Previously, she served as vice president of corporate claims. Ms. Wilber joined Selective in January 1986 and has held a variety of managerial positions throughout the organization.
Ask what you can do - and then pitch in
StarTribune.com (Minneapolis, MN) – March 1, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating has conducted multiple surveys on student cheating. In a 2006 survey of 5,000 graduate students by Donald McCabe and others showed 56 percent of MBA students reporting cheating at least once in business school in the prior year
Study Shows Business School Students More Likely to Cheat
TheHoya.com (Washington, D.C.) – March 2, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, surveyed 54 colleges in the U.S. and Canada during the 2002-2003 and 2003-2004 school years. This study found that MBA students cheat more than graduate students in any other field.
Misunderstood
CFO.com (New York, NY) – March 2, 2009
Sharan Jagpal, professor of marketing and the author of Fusion for Profit: How Marketing and Finance Can Work Together to Create Value, says that because in a downturn, any business spending without a clear link to profit runs the risk of being scaled back, "marketing looks like the easiest and most logical [budget] to cut because [companies] don't know how to measure its productivity."
Class Action
The Wall Street Journal (New York, NY) – February 23, 2009
In a recent feature story, The Wall Street Journal highlighted Rutgers Business School’s MBA Team Consulting Program along with the consulting programs of five other top business schools. Businesses are increasingly looking to programs like the MBA Team Consulting Program to find inexpensive and creative solutions for their businesses in the struggling economy.
Let Us Cheat!
Blog Faz (Philadelphia, PA) – February 19, 2009
According to a report made in 2005 by Donald McCabe, Professor of Management and Global Business and leading expert on student cheating for The Center for Academic Integrity, 70% of public high school students admit to serious test cheating.
Hillary in China: Winning Friends -- But Not Influencing People
The Huffington Post (New York, NY) – February 18, 2009
In a featured blog post on Huffingtonpost.com, Michael A. Santoro, associate professor, and Wendy Goldberg discuss Hillary Clinton and her building a relationship with China. “A generous assessment of her performance is that her non-confrontational approach during a period of much economic anxiety -- in both the U.S. and China -- successfully laid the groundwork for future communications in which she can be more influential with China on pressing issues including fair trade, safe trade, human rights and intellectual property.”
Savient Announces Appointment of David Gionco as Chief Financial Officer
PRNewswire (East Brunswick, NJ) – February 12, 2009
Alumnus David G. Gionco (MBA ’89) has been appointed Vice President, Chief Financial Officer & Treasurer of Savient Pharmaceuticals, Inc. (Nasdaq: SVNT) . Mr. Gionco has spent more than 18 years in the pharmaceutical industry, including the past three years with Savient where he most recently served as Vice President of Corporate Finance and Controller.
Q&A: Teaching Business in China
China Economic Review (Shanghai, CN) – March 2009 Issue
Farrokh K. Langdana, Professor of Finance and Economics, and Executive Director of the Rutgers Executive MBA program, talks about why he commutes to China to teach business in a Q & A session with China Economic Review.
China's future role
CNN (New York, NY) – February 19, 2009
In an interview with CNN, Michael A. Santoro, Associate Professor and author of the upcoming book, China 2020, discusses Hillary Clinton's Trip to Beijing as Secretary of State and what it means for US-China relations. He explains that under the Obama administration, the US and China need to create a new model of economic cooperation.
Business students, form good habits now
The Marquette Tribune (Milwaukee, WI) – February 19, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, recently revealed some disturbing findings at an annual meeting of the Association to Advance Collegiate Schools of Business. After nearly 20 years of surveying 170,000 graduate and undergraduate students, McCabe has determined that business students cheat more often than any other group of students.
Hillary Clinton Visits China: What Should Be On The Table
The Huffington Post (New York, NY) – February 18, 2009
In a featured blog post on Huffingtonpost.com, Michael A. Santoro, associate professor, and Wendy Goldberg discuss Hillary Clinton’s visit to China as one of her first trips as Secretary of State, and how the situation in China affects those in China who expect her arrival. “The U.S. is facing a challenging economic climate, but we're having a field day compared with how the financial crisis has affected heavily export-dependent China.”
Franklin mayor bidding for governor’s Mansion
NJJN (Whippany, NJ) – February 17, 2009
Alumnus Brian Levine (MBA ’97), has announced he will run for governor of NJ on the Republican ticket against incumbent Jon Corzine. He will also run against former U.S. Attorney Christopher Christie, former Bogota Mayor Steve Lonegan, and Assemblyman Richard Merkt (R-Dist. 25) in the June 2 primary.
It’s the Grades That Matter
Khaleej Times (Dubai, UAE) – February 16, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, carried out a survey on attitudes to cheating at three UAE universities. “Slightly more than 40 per cent of UAE students consider ‘cut and paste’-type plagiarism from the Internet as either not cheating or only trivial cheating,” he said. “This is similar to the US.”
Maine Natural Health adds Paul Allen as Senior Executive to the Management Team
Village Soup (Rockport, ME) – February 12, 2009
Alumnus Paul W. Allen (MBA ‘90)has joined the executive management team as the Senior Vice President of Sales and Marketing of Maine Natural Health, a leading manufacturer and marketer of a nutraceutical products. Mr. Allen joins MNH to expand upon their existing marketing and distribution platform throughout North America.
NYSSA Announces Final Four in 7th Annual Challenge
StreetInsider.com (New York, NY) – February 11, 2009
The New York Society of Security Analysts (NYSSA) announced the four finalist teams for its 7th Annual Investment Research Challenge today. Student teams from Columbia Business School; Fordham University's College of Business Administration; Rutgers Business School-Newark and New Brunswick and Yale University will present their research to a panel of senior Wall Street executives on February 19.
Study: Business students cheat more often than others
The Badger Herald (Madison, WI) – February 11, 2009
A study conducted by a Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, revealed students enrolled in business programs across the nation report higher levels of cheating than students in other fields of study. The report is derived from a survey created in 2002 that included about 20 questions regarding 20 individual cheating behaviors. The survey was given to over 170,000 students at more than 165 different colleges and universities.
Lessons business graduates apply to the real world may include cheating
The Chronicle of Higher Education (Washington, D.C.) – February 10, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, said that business students cheat more than students from any other academic discipline, and their professors too often look the other way. Such dishonesty, he said, might help explain how the country got into its current financial mess.
Ai Media Group Acquires Top Marketing and Advertising Veteran as Incoming CEO
Ad Ops Online (New York, NY) – February 9, 2009
Alumnus Andy Fenster (MBA ‘74) has been named CEO of Ai Media Group, the innovative search marketing firm based in New York. Mr. Fenster’s experience in the marketing and advertising industry includes his previous employment as Vice President and Controller of Big Flower Holdings, a $2.5 billion dollar advertising and marketing services company based in New York.
Radio Times with Marty Moss-Coane
WHYY Radio 91 FM (Philadelphia, PA) – February 5, 2009
Michael A. Crew, professor of regulatory economics, and Director of the Center for Research in Regulated Industries at Rutgers University discusses the possibility for U.S. Postal Service reform. The Postmaster-General suggested service cuts, including cutting the six-day mail delivery schedule to five days.
Michael A. Crew on WBEN Buffalo
WBEN (Buffalo, NY) – February 5, 2009
Michael A. Crew, professor of regulatory economics, whose 2009 book "Handbook of Postal Reform" argues for USPS privatization was interviewed on Buffalo’s WBEN’s Early News segment in a topical discussion about whether or not the postal service will subtract a day of service.
More to Wyeth than Alzheimer’s Research
NJ Biz (Somerset, NJ) – February 2, 2009
Mahmud Hassan, Professor of Finance and Economics and Director of the Pharmaceutical Management MBA Program, comments on the effect of the economy on the pharmaceutical markets. “The economic downturn doesn’t impact the market for vaccines,” Hassan said. Profit margins in vaccines stay largely intact and are not subject to rebate pressures, since managed care companies don’t typically handle those prescriptions, he said.
GlassRoots: A Glowing Example
Go Newark (Newark, NJ) – January 29, 2009
GlassRoots is featured in the Go Newark section of the Star Ledger. Pat Kettenring, founder, executive director and Rutgers Business School professor of Accounting, Business Ethics & Information Systems, created GlassRoots in 2001. GlassRoots has serviced over 3,500 youth providing opportunities for achievement to at-risk kids by engaging them in the creation of glass are and the development of entrepreneurial and life skills.
Postal chief warns of service cuts
CNN Money.com (New York, NY) – January 28, 2009
The U.S. Postal Service may be forced to eliminate a day of mail service because the economic downturn has led to plummeting volume and revenue, the postmaster general said Wednesday. "The real problem is that the Postal Service needs reform," said Michael A. Crew, professor of regulatory economics, whose 2009 book "Handbook of Postal Reform" argues for USPS privatization.
Plenty of anxiety when Pfizer bought Warner-Lambert in 2000
Daily Record (Morris County, NJ) – January 28, 2009
Mahmud Hassan, Director of the Pharmaceutical Management MBA Program, thinks Pfizer wants to get back into consumer health care products as a source of constant cash flow, instead of exclusively focusing on pharmaceuticals. Hassan is an economist who studies mergers and acquisitions in the pharmaceutical industry said Tuesday he was not surprised to see Pfizer was buying Wyeth after selling its consumer division.
Obama's New Deal?
Rutgers Magazine (New Brunswick, NJ) – Winter 2008
In an article explaining the parallels between the situations of Barack Obama and Franklin D. Roosevelt, Rutgers Business School professors explain what must be done by the new administration. Susan Feinberg, Associate Professor of Management & Global Business explains that Obama must halt price deflation in the housing market. Farrokh Langdana, Professor of Finance and Economics explains that Obama must resist the urge to roll back the deregulation of markets that recent presidents have pursued.
Are we in a recession?
CNN International (Beijing, China) – January 28, 2009
Associate Professor Michael A. Santoro, debated economist Stephen Moore on whether we are in a recession on CNN International. Santoro argued that our economy is still in good shape because of what Obama called in his inauguration speech the "doers." “Our economy has never been richer or more efficient, and once we solve the credit crunch, the rest will take care of itself, along with a little boost from what president Obama calls "smart government investment.”
Summer on the Street, Before the Fall
The Wall Street Journal (New York, NY) – January 27, 2009
Current RBS student Nerley Lausier describes his experience working as an intern on Wall Street and beginning his career in the midst of an economic recession. Lausier is researching an honors project about the market crisis and students' career plans. He recently began a survey of students in the senior class. "None of them have said, 'I'm going to change the whole career path,'" he says. "I thought I would see that."
Old Greenwich Presbyterian Church among victims in alleged Ponzi scheme operated out of New York
The Express Times (Greenwich, NY) – January 25, 2009
Ben Sopranzetti and John Longo, professors of Finance and Economics comment on the Ponzi scheme operated out of New York that has taken $17 million from investors since 2004. Sopranzetti called it essential to invest only with registered or certified brokers and Longo explained that even Madoff had an impressive resume.
The war on plagiarism
The Villanovan (Villanova, PA) – January 22, 2009
Rutgers University professor Donald McCabe, who has conducted studies on cheating in college, finds that only 40 percent of students admit to cheating, down from 10 percent in 2002. Still, among business students, 56 percent admit to cheating, which is the highest percentage among different academic fields, McCabe said in an October 2008 Newsweek article.
Ai Media Group Acquires Top Marketing and Advertising Veteran as Incoming CEO
TradingMarkets.com (New York, NY) – January 20, 2009
Ai Media Group, the innovative search marketing firm based in New York, announces the addition of its new CEO, Alumnus Andy Fenster (RBS MBA ’75) Mr. Fenster's experience in the marketing and advertising industry includes his previous employment as Vice President and Controller of Big Flower Holdings, a $2.5 billion dollar advertising and marketing services company based in New York.
Is a Sweatshop Better Than Nothing?
The New York Times(New York, NY) – January 19, 2009
In a Letter to the Editor, Kevin Kolben, Assistant Professor of Supply Chain Management & Marketing Sciences and expert on international labor rights, writes: “Nicholas D. Kristof’s argument against the inclusion of labor rights provisions in trade agreements is based on good intentions but a false premise — that international labor standards and trade-based labor protections necessarily cause job losses and thus harm workers. In fact, raising labor standards can give a competitive advantage to countries in the global market.”
In Madoff Case, Politicians Current and Former Feel the Loss
The New York Times(New York, NY) – January 18, 2009
Executive Vice Dean Rosa Oppenheim comments on the connection between the Bernard Madoff scandal and its effect on the investments local New Jersey residents. “It’s kind of like six degrees of separation; the people he was closest to were at high levels in the Jewish community and were high-level investors, and many of those people are connected to residents who live in this area,” Oppenheim said.
China passes Germany in economic rankings
CNN International (Beijing, China) – January 15, 2009
CNN International (Video Interview) – January 15, 2009
Associate Professor Michael A. Santoro, and author of the 2008 book "China 2020," said China will have problems to overcome if it is to maintain its rapid expansion. "It's no longer sufficient for China to become a manufacturer of sneakers or toys and the like," Santoro said. "Now they’re looking to become players in the area of pharmaceuticals and foods and other high value-added products, where safety and quality are important characteristics for improving in the global economy."
Rigged Games
Forbes (New York, NY) – January 12, 2009
Trading has spread to a multitude of competing electronic exchanges. Marketmakers were slow to react to these changes that they’d helped initiate, says Daniel Weaver, Associate Professor of Finance and Economics. Weaver wrote about marketmakers’ tactics in the 1990s. “They had a model they learned to profit from,” Weaver says. “Why change?” As prices shifted from fractions to decimals, volume increased, but spreads continued to shrink.
Fair Trade Suffers When China Censors The Internet. It's Not Just A Human Rights Issue
The Huffington Post (New York, NY) – January 8, 2009
Associate Professor Michael A. Santoro, who teaches courses on the ethical and legal aspects of the pharmaceutical industry and Wendy Goldberg comment China’s internet censorship and its effect on the U.S. economy. “One key to the recovery of the American economy will be a focus on America's core strength in information services and technology. This is an area in which our country has had a significant global comparative advantage -- but today we are in danger of losing that advantage, in large part because of trade restrictions imposed by China, our largest trading partner.”
Cheating
Handle on Education (Guilford, Connecticut) – January 5, 2009
Donald McCabe, Professor of Management and Global Business and leading expert on student cheating, is cited in Handle on Education. McCabe maintains that cheating reached its zenith in the middle of the last decade, when “more than 50% of students ADMITTED to cheating in some form.”