Media Coverage

Berlin, Germany
Tuesday, August 20, 2013

“For the people who have done well, they've had science backgrounds or experience in the healthcare industry,” says Mahmud Hassan, Director of the Rutgers MBA in Pharmaceutical Management, adding that “they may have worked not directly with the pharma industry, but indirectly, like as a consultant, or as a researcher.”

Graduates of the Rutgers program by and large go into “Big Pharma” firms – giants like Pfizer, Novartis, and GlaxoSmithKline, which, from a revenue standpoint, make up a large percentage of the industry. These companies are so large and sprawling that they can offer jobs for MBA graduates with an array of interests, from roles in research and development and drug delivery management to corporate finance and marketing.

Because the pharmaceutical industry is so large and complex, a huge variety of jobs await well-prepared MBA graduates. In the Rutgers MBA program, students who specialize in pharmaceuticals can also choose a second concentration, usually focusing on a functional area.

“Supply chain and marketing – those are the most popular combinations,” says Hassan, who notes that a good number of other pharma students
pursue a finance concentration.

Read full article.
Newark, NJ
Sunday, August 18, 2013

"It’s a very good idea,” said Ron Shapiro, director of the Center for Real Estate Studies at Rutgers Business School. “Clearly, it’s an idea the marketplace has had for some time.” But he emphasized the move should be made slowly, and with caution.

Fannie and Freddie hold between $9 trillion and $10 trillion in mortgages. Getting private investors to carry that load will take time.

“I don’t think there’s enough private capital out there today to take care of what government agencies are supposed to do,” said Shapiro. “And investors are still a little leery. It’s only been a few years since the economic crisis. It’s a great concept, but finding who in the private sector will want to take those risks may be a challenge.”

Read full article.

New York, NY
Wednesday, August 14, 2013

The bank's infamous "London whale" trades involved complex financial products, but prosecutors alleged that a cover-up by former JPMorgan Chase & Co. employees involved simple lies.

The accusation was part of criminal charges filed against two mid-level JPMorgan employees accused of hiding massive trading losses, which ultimately cost the nation's largest bank more than $6 billion and rekindled fears of the financial crisis.

Critics were quick to complain the cases did not go far enough. No senior executives were named by either prosecutors or the U.S. Securities and Exchange Commission, which filed a parallel civil case against the former JPMorgan employees.

Michael Santoro, a professor of business ethics in the Department of Management and Global Business at Rutgers Business School, said authorities should have taken administrative or civil steps to hold executives accountable for failing to manage rogue employees.

"When are people who are responsible going to be held responsible?" Santoro said. "The government is missing an important opportunity to bring accountability to the banking system."

Read full article.

Washington, DC
Friday, August 2, 2013

Fabrice Tourre, the former Goldman Sachs Group Inc. vice president found liable for his role in a failed $1 billion investment, may have lost his case because jurors rejected his defense that as a junior employee he wasn’t primarily responsible for the transaction.

“Being 28 years old and one of several employees of Goldman Sachs isn’t a defense,” Tom Gorman, a former lawyer with the Securities and Exchange Commission’s Enforcement Division, who is now in private practice, said in an interview.

“This was one of the transactions that was building massive risk into the system,” said Michael Santoro, a lawyer and professor at Rutgers Business School Department of Management and Global Buisness who attended the trial and wrote a blog about it.

“While I think the public is unhappy about not getting a big fish, it’s important the message that young people entering Wall Street get.
Working on Wall Street comes with legal and ethical responsibilities.”

Read full article.

Fairfield, NJ
Thursday, August 1, 2013

Supply chain management and logistics are hot areas right now and there are so many job opportunities in this region. This is a strong niche for us, and we’re seeing a 100 percent placement rate for our students in internships and jobs,” says Sharon Lydon, executive director for the MBA Program at Rutgers Business School – Newark and New Brunswick. “According to industry analysts, there is a growing need for the leadership skills we provide, as companies streamline their global supply chain processes and procedures to stay competitive.”

She adds, “Pharmaceutical Management is also hot, especially given the concentration of pharmaceutical firms, healthcare companies and hospitals in our region, as well as the expansions brought by the new healthcare law. We’ve had a Pharma MBA program for more than 10 years, and many New Jersey employers are alumni.”

Students are seeking credentials, including MBAs, to both jumpstart and advance their careers. Increasingly, they are pursuing specialized skill sets through customized degree programs.

Read full article.

The Star-Ledger
Newark, NJ
Thursday, August 1, 2013

The personal ad might have read: “Inventors of innovative, marketable technology seek entrepreneurs. Experience with research grant writing a plus.”

In hopes of helping researchers find business partners who want to build a company around their technology, Rutgers Business School teamed up with the New Jersey Institute of Technology to host the first TechSPARC showcase last week.

The name stands for technology, students, partners, resources and community — all of which organizer Brett Gilbert says play a crucial role in bringing more collaboration to Newark.

“We have a lot of technology available for companies to take and build businesses around,” said Gilbert, a Rutgers professor of management and global business, “but that doesn’t happen because nobody knows about them.”

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Business Wire
New Brunswick, NJ
Wednesday, July 31, 2013

Rutgers Mini-MBA Entrepreneurship Program Offers Two New Enrollment Options.

Each participant in the accelerated course held Oct. 28-Nov. 1 is expected to create an actionable business plan and make a presentation to a mock investor panel as a final project.

Jennie Fine, the Rutgers Center for Management Development Program Manager, said, “While being a successful entrepreneur is highly rewarding, starting and running a business can also be overwhelming, emotionally draining and financially risky. The difference between success and failure often lies in the ability to create a logical plan, mitigate risk, minimize mistakes, and build a strong support system.”

She added, “The Entrepreneurship course in the Rutgers Mini MBA program focuses on these key elements of business success. Taught by both Rutgers faculty and seasoned entrepreneurs, the coursework combines the theory of traditional MBA programs with the real-world entrepreneurial training needed to lead a business venture to success.”

The program fee is $4,995 and includes the new Apple iPad, containing the pre-loaded program materials, for each participant. There are also two new enrollment options for the Entrepreneurship program for enrollees from companies with 10 or fewer employees:

  • Secondary Enrollment—Bring a colleague or advisor to one module of your choosing for $300. (iPad not included.) You will need to show documentation that he or she is a colleague/advisor.
  • Piggyback Enrollment—Two people from the same company can attend, with the first paying the regular fee of $4,995 and the second paying only $2,800. The second enrollment does NOT include an iPad. You will need to show documentation that you are colleagues.

Read full article.

Washington, DC
Friday, July 26, 2013

Pop culture, white privilege and widening the lens

Ann Hornaday is the chief film critic for The Washington Post

"As a drama about the needless death of a young, unarmed black man, the shattering new movie “Fruitvale Station” has found particular resonance with audiences in the past few weeks. The film stars Michael B. Jordan as Oscar Grant, who was shot by a white Oakland, Calif., transit police officer in 2009. But the scene from the film that has most haunted me does not address racial profiling or any of the events directly related to the shooting.

"It’s New Year’s Eve in San Francisco. On a crowded street, while waiting for his date to go to the bathroom, Oscar strikes up a conversation with a white man around his age, who, like Oscar, has committed a crime. Unlike Oscar, he has clearly rebounded. After they chat about the women in their lives, the stranger confesses that he was so broke when he married his wife that he had to steal her ring. He issues a warning about going down the same road, then cheerfully tells Oscar that he now owns a business and gives him his card.

"That brief but eloquent scene deftly illustrates the subtleties of white privilege — a reality too seldom portrayed in film and too often ignored by its beneficiaries in life.

"In her book “The American Non-Dilemma: Racial Inequality Without Racism,” Rutgers Business School professor Nancy DiTomaso explains how whites, who tend to hold jobs with higher pay and status, also tend to help people they know — most often other whites. The resulting disparities in income and advancement are less grounded in outright discrimination or racial animus than in “in-group favoritism” that’s far more difficult to quantify or eradicate.

"Just as the roots of blacks’ mistrust of the system lie in their unfair treatment over generations, the roots of whites’ optimism can be found in our own history. Like compounded interest from an investment we never made, the advantages white people enjoy derive from past racist practices and present-day unconscious behaviors that create channels no less wide, deep and real for being largely invisible.

"If movies are equipped to do anything, it’s to make those channels visible. And the best films can show viewers how to navigate them. “Fruitvale Station” does that, in just one brief encounter. The San Francisco street scene may begin with an acute observation of separate realities, but it ends by suggesting a possible bridge, in the simple act of a black character taking the business card of a white man he’s just met."

Read full article.

Newark, NJ
Friday, July 26, 2013

The Rutgers Center for Management Development is offering a program designed to provide financial service professionals with new tools, and a splash of enrichment especially tailored to help them perform their jobs more efficiently.

“It will make the typical person more efficient – and smarter,” said John Longo, a clinical associate professor of finance and economics at Rutgers Business School.  The program, which will be taught by Longo and other Rutgers faculty, is aptly named Turbo-Charged Financial Analyst.

Rutgers Business School and the School of Management and Labor Relations are putting renewed support behind the Center for Management Development, including helping to match the expertise of more of their faculty with programs that center administrators identify as being in demand.

“It’s important for us to offer something that’s unique,” the center’s new Executive Director William Castellano said in a recent interview. “Building our brand by partnering with our faculty and leveraging our research,” he said, “is the way to do that.”

The Turbo-charged Financial Analyst Program will be offered at Rutgers Business School’s Newark Campus over two consecutive Saturdays, Aug. 10 and Aug. 17. Both programs will run from 9 a.m. until 4 p.m.

The program is approved by the state Department of Labor for workforce training grants, so funding may be available for individuals receiving unemployment benefits.

Read full article.
Oakland, CA
Wednesday, July 24, 2013

Institutional purchasers in the U.S. wield tremendous buying power, to the tune of more than $10 trillion a year. Directing that money toward eco products and services could make major gains for the sustainability movement, but hurdle after hurdle remains in the way for many buyers.

The Sustainable Purchasing Leadership Council (SPLC), formally launched this week, aims to level the playing field by bringing together best practices, defining green products, and recognizing organizations that have taken big strides to source sustainably.

"While there has never been a more exciting time to be involved in the sustainable purchasing movement, there has never been a more challenging time," Kevin Lyons, assistant professor of supply chain management at Rutgers Business School, said during a GreenBiz webcast that announced the SPLC on Tuesday.

"The complexity of the task can be overwhelming," Lyons said, ticking off just some problems that purchasers face: determining which of the 400-plus green labels and standards are credible, creating training materials, answering surveys about products, not knowing what to measure and ultimately, doing all of that alone.

One point reiterated throughout the discussion was the comparison between the SPLC and the U.S. Green Building Council's (USGBC) LEED program. Just as the USGBC has become the go-to guide for what makes a green building green, the SPLC aims to define what makes a sustainable product sustainable.

"Most exciting, more and more organizations are recognizing that social, environmental, and financially responsible purchasing are one and the same," Lyons said.

Read full article.

USA Today
New York, NY
Tuesday, July 16, 2013

Survey questions Wall Street ethics

A recent survey of 250 New York City financial professionals found more than half felt that competitors act unethically, nearly one quarter would use insider trading for a large enough gain, and nearly one third felt that they may need to be unethical to be successful.  “Wall Street has a shaky grip on its ethics . . . [d]espite the financial changes enacted after the 2008 financial crisis” writes Kevin McCoy in USA Today.

The survey results found a similar decline in ethics as the one highlighted in Wall Street Values, a recently published book by Professor Michael Santoro, Department of Management and Global Business, and Professor Ronald Strauss, Montclair State University School of Business. They conclude that “no amount of structural reform and government regulation will ensure the stability of the global financial system unless the ethical practices and values of Wall Street professionals are aligned with market efficiency and the public welfare.”

Read full article.

Newark, NJ
Friday, July 12, 2013

Cory Booker, Glenn Shafer, Lei Lei, and others celebrated ZaGO Manufacturing’s 20 year anniversary and continuing commitment to Newark, June 25 in Bove Auditorium with speeches and presentations.  Booker summed up the feeling at the event, ZaGO’s longevity, and the benefits to Newark with: “ This is a cavalcade of wins evidenced in one extraordinary company.”

Read full article.

Las Vegas, NV
Tuesday, July 9, 2013

Academics and administrators from more than 20 U.S. business schools will gather alongside regulators, financial institutions and community organizations at the University of Washington's Foster School of Business on July 10-12 for the inaugural National Conference on Business Development in Under-Served Communities.

"At the Rutgers Business School Center for Urban Entrepreneurship and Economic Development, we promote and foster a new generation of entrepreneurs who actively seek a socially conscious urban renaissance," said Jerome Williams, professor of management and the center's research director. "Our students clearly learn from the business challenges they address, and Newark is benefiting as well. The conference is a great opportunity to discuss curriculum design, student evaluation, and business impact with our peers."

Read full article.
Bozeman, MT
Monday, July 8, 2013

Professor Paul Falkowski, first holder of the Bennett L. Smith Chair in Business and Natural Resources, and director of Rutgers Energy Institute, says the plight to replace fossil fuels is a battle of man versus nature.

"When we take petroleum out of the ground, we are buying a resource that was created millions of years ago and we don't pay for it. We're using nature's inventory of carbon," Falkowski told on a tour of Rutgers University's Institute of Marine and Coastal Science.

"What I'm trying to do here is make algae make oil for us, 1 million times more efficiently -- to compete with the product that's in the ground," Falkowski said.

Read full article.

Kansas City, MO
Friday, July 5, 2013

For African Americans in their early 20s, the situation is still bleak. The unemployment rate for that group went up in June to 25.5 percent and has remained stubbornly above the 20 percent mark since February 2009. For African American men ages 20 to 24, the rate spiked more than 2 percent from May, putting it over 29 percent. It jumped for African American women in that age group as well, increasing from about 20.5 percent to 22 percent.

The recession may have made things wrose, but a disparity in employment between whites and blacks is nothing new. In 50 years, the gap between unemployment rates for whites and blacks has closed only 6 percentage points, according to the National Urban League’s 2013 Equality Index.

The gap is highest in the Midwest, with unemployment rates 2.6 times as high for blacks with high school diplomas than for whites with the same education level.

After hundreds of interviews, Nancy DiTomaso, Managment and Global Business, concluded that inequality is not reproduced through discrimination — in the sense that prospective employers reject applicants explicitly because of race — but through favoritism and the pervasive power of social networking on the employment landscape.

DiTomaso found that 70 percent of the jobs her interviewees held in their lifetimes were obtained with the help of people they knew. Because our social networks are still very much segregated along racial lines, and because whites have historically enjoyed economic advantages over other groups, that puts Africans Americans and other nonwhites at a disadvantage.

Read full article.

Midland, ON, Canada
Wednesday, July 3, 2013

Professor Deborah Dougherty, Management and Global Business, says it is essential for administrators to create work environments in which the staff can become energized, motivated, cooperative, and committed. She notes, however, that it is hard to commit to a place where what is required is unclear and where punishment is meted out for not completing tasks that workers never expected to do and did not know they were required to complete.

“If you want commitment, you have to foster an engaging, motivating work site,” says Dougherty. Much of the available research suggests that scientists are motivated by the pursuit of new knowledge, which they can use to figure out better, more innovative processes and improved products, she notes.

“This is what draws scientists and researchers and is an important motivator available to lab managers,” she says.

Read full article.

Huffington Post
New York, NY
Wednesday, July 3, 2013

The SEC recently announced its intention to abandon the long-standing practice of settling enforcement actions that allow defendants to avoid either admitting or denying guilt. The new settlement model would require admission of guilt for those egregious cases where the misconduct caused significant harm to investors and the financial markets. We say it’s about time, and applaud this landmark policy change.


Read full article


Newark, NJ
Sunday, June 30, 2013

So how can higher-education leaders ensure an honest ethical culture while avoiding significant costs and potential criminal activity? They can take a page from corporations that for financial, legal, and business reasons are committed to creating an ethical culture. College leadership, too, can undertake a broad, systemic approach to build an ethical culture among board, administration, faculty, and students. Creating a strong ethics culture and program is crucial to mitigating misconduct and building a stronger organization while protecting a cherished and financially lucrative brand.

Read full article.

New York, NY
Friday, June 28, 2013

Thanks to advanced technology, a global marketplace, and increased competition, undergraduates and MBAs who have specialized skills in supply-chain management are at an advantage in the job market, say experts. According to a study by the Georgia Center of Innovation for Logistics, nearly 200,000 U.S. supply-chain jobs will go unfilled each year through 2018 for lack of qualified talent. More supply-chain management programs are proliferating at business schools to meet demand for this expertise. At least nine schools have launched graduate and undergraduate programs since 2011, when supply-chain management started taking off.

Rutgers Business School has had a supply-chain program for MBA students since 2001. It is the largest concentration in the full-time MBA program, with 60 students enrolled. After companies started asking for undergrads with similar skills, the business school created an undergraduate major, which was introduced in the fall of 2010. Nearly 500 students signed up for that program.

One of the big attractions for students is the on-campus recruiting, says Lei Lei, who chairs the Rutgers supply-chain department. At a recruiting event last September, 57 companies came to campus, and the program won praise from New Jersey Governor Chris Christie. The crowd was so big, says Lei, that the basketball court was the only space on campus big enough to hold everyone. In 2013, the school is expecting 75 companies to attend. Apple (AAPL), Pfizer (PFE), and Johnson & Johnson (JNJ) are among the employers that sought supply-chain talent at Rutgers in the spring and fall of 2012.

Read full article.

Newark Patch
Newark, NJ
Tuesday, June 25, 2013

"Mayor Cory Booker is scheduled to visit officials from ZaGo Manufacturing Tuesday to celebrate the installation of the firm’s solar-power system. The company, which makes industrial fasteners, is affiliated with the business incubator program at NJIT and with Rutgers Business School on Washington Street. In addition to highlighting a commitment to green energy, the appearance is also meant to spotlight the efforts of the incubator program." - Newark Patch

Wytheville, VA
Monday, June 24, 2013

Dr. Elizabeth Hirschman, Department of Marketing, will participate in Melungeon Heritage Association's 17th Union: A Melungeon Gathering, June 29th. Sessions will explore different aspects of what it means to be tri-racial (European/African/Native American) Appalachian Melungeon today. The Melungeon Heritage Associateion was established in 1998 and holds annual Unions to celebrate and study the heritage of mixed-race communities and groups throughout the southern and eastern United States. The new film The Melungeons of Vardly Valley will show as part of the Union. The film follows Troy Williams exploring his Melungeon mixed-race ancestry while chronicling the legends and rumors that have swirled around the community since the 18th century.

New York, NY
Wednesday, June 19, 2013

The vast majority of people who were asked by Nancy DiTomaso of Rutgers Business School how they found their jobs cited their own skills and hard work; just 14% mentioned that they had received help of any kind from others. But favoritism is almost universal in today's job market, she says; it's false to think that companies' decisions about interviews and hiring are based on merit.

SOURCE: How Social Networks Drive Black Unemployment The New York Times 05/05/2013
Piscataway, NJ
Wednesday, June 19, 2013

Max Peer is scheduled to ride onto the Livingston Campus, Tuesday, June 25 at 2 p.m. He will pass by the new Rutgers Business School building before continuing onto Lucy Stone Hall where he will speak about his journey and his mission. The bike ride of all bike rides is being sponsored by SAP in partnership with Interaction Design Foundation. Peer will talk about the work of Interaction Design Foundation, its commitment to sharing information about technology and the free online courses available through SAP. He will also have a chance to learn about the university's efforts to put sustainability into practice on the Livingston Campus.

As part of its university alliances program, SAP provides the Department of Supply Chain Management and Marketing Sciences at RBS with licenses to use its software systems in classes. The partnership also results in scholarships and more promising job placement prospects for students.

"We teach using their software," said Lian Qi, an assistant professor in supply chain management. "We want to show our students how SAP systems work." The experience of using the systems in the classroom gives students an advantage in the increasingly competitive area of business logistics.

Read full article.

Santa Ana, CA
Tuesday, June 18, 2013

Prof. Ann Buchholtz, professor of leadership and ethics and research director of the Institute for Ethical Leadership at Rutgers University, said secrecy is the underlying theme throughout the $90,391 check issue.

“They’ve got to stop hiding what they’re doing,” she said. “In the absence of that, everybody will keep struggling to find out what’s going on.

“Sunlight is the best disinfectant,” she added, paraphrasing U.S. Supreme Court Justice Louis Brandeis. “Everybody behaves better when they think someone is watching, and you can’t watch when it’s behind closed doors.”

Read full article.

Charlottesville, VA
Tuesday, June 18, 2013

“Innovation and sustainability must be linked and deeply embedded in corporate culture and reflected in long-term strategy as drivers of future growth,” noted Nina Goodrich, pointing to a recent study* by Michael Barnett of Rutgers University and Robert Salomon of New York University that found that only companies that make a serious and long-term commitment to sustainability reap the economic benefits of their environmental and social endeavors.

*M. L. Barnett & R. M. Salomon. 2012. Does it pay to be really good? Addressing the shape of the relationship between social and financial performance. Strategic Management Journal, 33: 1304-1320.

Read full article.

Hillsborough, NJ
Sunday, June 16, 2013

The Institute for Supply Management – New Jersey Crystal Award 2013

The Institute for Supply Management – New Jersey  (ISM - NJ) announces that  Ms. Farryn Melton, Chief Procurement Officer & Senior Vice President, Bristol-Myers Squibb,  is the recipient of its 2013 Supply Management Executive of the Year Crystal Award. The Crystal Award is presented annually to an outstanding purchasing executive. The recipient is selected from ISM-NJ member submitted nominations for regional based professionals who have exhibited strong leadership in promoting the purchasing profession, developed corporate relationships with diverse and minority suppliers and implemented innovative programs including environmental/green initiatives all while keeping an eye on the bottom line.

ISM - NJ also announces that Dr. Kevin Lyons, Assistant Professor for the Department of Supply Chain Management and Marketing Sciences Rutgers Business School, is the Dinner Chairperson Award recipient for this prestigious event. The dinner chairperson is the executive who received the next highest rating in the nomination selection process.

Read full story.
New Jersey
Wednesday, June 12, 2013

New Jersey Small Business Development Center  The New Jersey Small Business Development Center of Northwest New Jersey (NJSBDC of Northwest New Jersey) will celebrate 50 years of small business support by offering free teleconferences for five days. The daily teleconferences will go from 8:30-9:30 a.m., and will begin June 17 and continue through June 21.

Discussion will cover high-interest topics including securing financing, disaster preparedness, QuickBooks tips, cash flow solutions and risk management.

Rutgers Business School – Newark and New Brunswick is the host for NJSBDC Headquarters and the NJSBDC at Rutgers-Newark.

Read full article.

Chatswood, Australia
Tuesday, June 11, 2013

Donald McCabe is a professor of management and global business at Rutgers Business School and the founding president of the International Center for Academic Integrity, the group that's leading the fight against cheating in higher education. McCabe recently surveyed more than 82,000 undergraduate and graduate students in the US and Canada. He reports that more than 40 percent of students admit to working with others on a project when instructed to work alone and more than 33 percent admit to copying information from internet sources without proper citations.

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New York, NY
Tuesday, June 11, 2013

Rutgers University professor Nancy DiTomaso has an intriguing piece on the New York Times’ Web site. At first blush, “How Social Networks Drive Black Unemployment” might seem simplistic. A few times while reading it, “Well, duh!” crept into my head. But DiTomaso’s argument that “favoritism” is as much responsible for African American employment troubles as is “discrimination” is a more nuanced and complete look at the problem than I’ve seen before. It also holds an implicit lesson for blacks striving to get ahead.

Read full article

New York, NY
Wednesday, June 5, 2013

With global operations becoming more complex, companies in manufacturing, retail and technology—and the consulting firms that service them—are scrambling to hire people with supply-chain expertise. But these experts are hard to come by.

Sensing growing demand, more than a half-dozen universities have recently introduced undergraduate majors, M.B.A. concentrations and even entire degree programs dedicated to procurement, inventory management and global supply-chain strategy.

Meanwhile, Rutgers Business School, which launched its M.B.A. concentration in supply-chain management more than a decade ago, added an undergraduate major in 2010 in response to employer demand and undergraduate requests. So far, it has registered 450 students for the degree, which includes classes in transportation, contract management and even packaging. Top employers hiring out of Rutgers include Dell Inc., Johnson & Johnson and Panasonic Corp., says Lei Lei, chair of the supply chain management and marketing sciences department.

Read full article.