TED is a nonprofit global network that brings together people from three worlds: Technology, Entertainment, Design (TED). Established in 1984, its purpose is to disseminate “ideas worth spreading” through conferences, video, online media, local events, and other initiatives. Taha Najmuddin, the founding moderator of the official TED fan page on Facebook, brought an independent, miniature version of the conference (TEDx) to Rutgers last year with the help of the Rutgers International Student Association (ISA). Najmuddin, who graduated in 2010 from the Rutgers Business School-New Brunswick, now works as a business analyst at FAST, a financial services technology company.
The Mortgage Bankers Association (MBA) has announced the promotion of Jim Gross to the position of vice president of financial accounting and public policy. Gross joined MBA in 2008 from NetBank Inc., where he was chief financial officer. He has 10 years of "Big Four" accounting experience including functioning as a mortgage banking specialist for Deloitte. His background also includes prior chief financial officer positions at New America Mortgage, IndyMac, and J.I. Kislak Mortgage. Gross is a Certified Public Accountant and received his MBA from Rutgers University and B.A. in Economics from Ohio Wesleyan University.
"Learn to schedule your time more efficiently since long commutes will limit when you can run errands," says extreme commuter Susan Feinberg, an associate professor at Rutgers Business School in New Brunswick, N.J. She lives 200 miles away in Washington and takes a train back and forth a couple of days each week.
The New York-based Pipeline Fund, which aims to increase the number of women who become angel investors and social entrepreneurs in the U.S., today announced its inaugural class of Pipeline Fund Fellows and mentors (listed at the end of this post).
Conor currently works at Good Cents Bookkeeping providing financial management to small businesses while pursuing a Master’s Degree at Rutgers University Business School. She is also a member of Echoing Green’s Social Investment Council. Conor holds a A.B. in Political Science from The University of Chicago.
The annual Rutgers Business School honored 120 of its students Wednesday at the Rutgers Business School Leadership Summit, organized by the Rutgers Business Governing Association (RBGA).
The award ceremony, held at the Rutgers Student Center on the College Avenue campus, recognized the new executive boards of 11 student organizations as part of its transition to the next academic year.
The Office of Faculty Diversity Initiatives celebrates and honors a select number of faculty who have been leaders in promoting diversity at Rutgers, either through their own research and teaching or in other venues.
dt ogilvie, associate professor, Department of Management and Global Business, Business School-Newark and New Brunswick, was honored for her role as founding director of the Center for Urban Entrepreneurship and Economic Development, designed to foster urban renewal in the city of Newark. She also established and funded the Scholars Training and Enrichment Program (STEP), a summer “boot camp” for minority students admitted to the business school.
For investments such as gold, gains from a parade of global events started to peter out at the end. Bonds lost ground, sending yields higher. And a glum outlook for the dollar started to brighten.
“We all have problems, but [the problems facing Europe and Japan] are worse at the moment,” said John Longo, professor of finance at Rutgers Business School in Newark. He said he expects the greenback to show modest strength versus the euro and yen this year.
AT&T's recent announcement of its plans to acquire T-mobile has created quite a buzz in the technology and business sectors.
The deal would lead to the merger of the second and fourth-largest mobile networks in the nation.
A career librarian and administrator, Rutgers Alumnus Susan H. Hildreth (MBA) was nominated to be director of theInstitute of Museum and Library Services (IMLS) by President Barack Obama in September 2010. Confirmed by the Senate on December 22, she assumed the position on January 19, 2011. The Institute oversees federal financial support for libraries and museums around the country.
You know that shiny smartphone you bought six months ago? There's an even better one hitting the market right about now. Or how about that flat-panel TV you bought last year. Now they come in 3-D. Dale Rogers, a logistics and supply chain expert and professor at Rutgers University, estimates that the secondary market for consumer electronics is worth about $13 billion in annual sales — or about 10 percent of the total consumer electronics market in the United States.
Tenafly accounting firm is the latest target in a legal war sparked by the collapse of the New York art gallery owned by swindler Lawrence Salander, who is serving jail time for defrauding art investors of $120 million. "Failure to detect fraud is a pretty common catalyst that leads to accountant malpractice suits," said Jay Soled, an accounting professor at Rutgers Business School, who reviewed the suit. "In this particular case, there is a notion that goes far deeper. What's alleged is that they seem to be almost pseudo employees. If they knew they [the reports] were going to be distributed outside, that someone else was going to make an investment based on them, then they can be held accountable," he said.
The Rutgers Executive MBA program is the premier choice of executive education for the highly motivated professional with aspirations for accelerated career growth and development, because it offers (i) elite professors with practical experience, (ii) a rich and constantly updated curriculum, (iii) globally recognized areas of specialization, (iv) a network of bright professionals, and (v) a convenient location in the Tri-State area giving the best return on investment.
Michael Santoro, professor of Management and Global Business at the Rutgers Business School, believes the blame on the vast amount of recalls lies in how the problem was handled at the corporate level. "It took Johnson & Johnson a long time to address the problems with the recalls. That is why the FDA is involved," he said. "It's clearly a management problem especially with the CEO and J&J's Board of Directors." Santoro believes these past recalls have been handled poorly compared to how they were handled in the past. The Tylenol recall in the 1980s was handled cleaner by then CEO James Burke, he said. "The way that situation was handled is why J&J continues to have good reputation," he said.
"There may be some companies that would be perfectly well served if employees would come to them first," says Ann Buchholtz, research director at the Institute for Ethical Leadership at Rutgers Business School in Newark, N.J. "But there are other companies where [such a requirement] really does put the whistle-blower at risk ... And if we really want these problems brought to light, we can't put obstacles in the way of whistle-blowers."
From time to time we witness a project that stands out — surpassing expectations, creating exceptional value for the sponsoring company and for customers and eventually having an impact on its entire industry. We call such projects “great projects.” Consider the introduction of IBM’s AS/400 in the 1980s. In 1986, IBM’s market share in the growing, important mid-range computer business had shrunk to a single digit. However, 28 months later, a relatively small development lab in Rochester, Minnesota, was the talk of IBM. Engaging thousands of engineers around the world, the $1 billion Silverlake project created the AS/400 computer, which was launched in 27 languages and soon became one of IBM’s most successful products ever.
In retrospect, the AS/400 development effort could be considered a great project. It was a game changer in the computer industry and gave IBM a competitive edge. Apple Inc.’s success in creating the iPod portable media player and iTunes online store is another more recent example of a great project — one that changed the way people listen to and buy music. Why are such projects so rare — and why can’t more projects be like them?
Amway Corporation, one of the leading direct selling FMCG companies in the world, is seeking research collaborations in the areas of diabetes, women's health related problems, weight management, immunity and chronic diseases. The company is looking for patent holders, research institutes, universities and private companies working in these fields.
Amway research has more than 100 research collaborations with the likes of Vanderbilt University, University of California (UC)-Irvine, UC- Berkeley, UC-Riverside, Tohoku University, Japan, Yonsei University, Seoul, Rutgers Business School - Newark and New Brunswick, Kendall College of Art and Design, Michigan, Beijing Medical University, Johns Hopkins School of Medicine, Miami University, Sun Yat-sen University, China, DeVry Calgary, Michigan Tech, Monash University, Standford University, The University of IOWA and City University of London.
Paul Ciandrini took the helm at HydroPoint after concluding the company’s technology lowers the cost of irrigation, requires no changes in behavior and is good for the environment as well.
“This is a rare confluence of positives,” he said.
HydroPoint’s automated irrigation control systems pull down a constant stream of satellite weather data and coordinate it with local moisture readings to determine when and how much water to apply to plants.
Mr. Ciandrini served in executive positions for several software companies, including the senior vice presidency of Oracle, before taking the position. He served as president of Plumtree Software Inc., where he facilitated the company’s acquisition by BEA Systems. He has an MBA from Rutgers University.
“Water management and conservation through automation will follow the same trajectory of business automation software once people connect the dots,” he said.
The UxC daily uranium broker average price, the average midpoint of the three main uranium brokerages, was at $49.25 on March 16, down from $55 a day earlier, data from nuclear-fuel consultancy Ux Consulting Co. show. See the UxC weekly spot uranium prices.
Uranium prices are expected to plunge by 26% over the coming months, said John Longo, professor of finance at Rutgers Business School in Newark. “Needless to say, uranium producers will feel the burn.”
“There are a lot of parallels with the garment industry in Bangladesh,” said Kevin Kolben, an assistant professor at Rutgers University, who specializes in international labor law. “You have bosses treating their workers in pretty oppressive ways that are similar to back then. In many factories, people are working in the top floors of tenements with gated windows, no air conditioning, no ventilation, for most of the day and for very little pay.”
Today’s tip comes from Bernard Kiely of Kiely Capital Management in Morristown, N.J. Mr. Kiely is a CFP and CPA and has been a fee-only financial planner and provider of income tax services for individuals for more than 25 years. He holds a BA in Accounting from Upsala College and an MBA from Rutgers University.
Multiple-Input-Multiple-Output (MIMO) antenna techniques are a key factor in achieving the high data rates promised by next-generation wireless technologies such as LTE and LTE-Advanced. In addition to the challenges these new techniques impose on the design and execution phases of wireless products, MIMO adds several new wrinkles to RF testing. One area that experiences a renewed sense of importance with MIMO is the topic of Over-the-Air (OTA) device testing.
This article will discuss some basics of MIMO as well as the need for (and challenges of) MIMO-OTA testing. It will address the anechoic chamber-based MIMO OTA method and will briefly examine how successful this method is in emulating real-world propagation conditions.
Michael McKernan is a product-marketing manager for Spirent Communications’ Performance Analysis – Wireless business. Prior to joining Spirent in 2000, Mike spent many years in telecom and communications engineering management. Mike has a BSEE from NJIT and an MBA from Rutgers University.
Dale S. Rogers, a logistics and supply chain expert and professor at Rutgers University, estimates that the secondary market for consumer electronics is worth about $13 billion in annual sales — or about 10 percent of the total consumer electronics market in the United States.
Rogers said that brick-and-mortar retailers increasingly feel threatened by online commerce and are strategizing ways to keep consumers coming through the doors. Best Buy's program, for one, requires customers to come into the store to sell back products.
"The brick-and-mortar, big-box retail store is experiencing some difficulty these days," said Rogers. "It's real easy to buy online, so these buyback programs are really a great way to get you into the store."
From The Wall Street Journal to “The Daily Show,” it’s the question still creating a buzz across the nation: Did Brigham Young University go too far when it punished star basketball player Brandon Davies for having premarital sex with his girlfriend?
Or, as Ashby Jones, lead writer of the Journal’s Law Blog, put it: Did BYU do the right thing “for behavior that might seem perfectly normal in the vast majority of college settings?”
Yes, say several experts.
“I give the school credit,” said Donald McCabe, a business professor and expert in academic integrity at Rutgers University. “They laid out their rules, they were violated and they stuck to their guns. The student was forewarned and he knew what the penalty would be, and he took his chances.”
When it comes to tax planning, we asked the experts to recommend strategies that many advisors commonly miss and ones that you may just need to be reminded of.
Today’s tip comes from Bernard Kiely of Kiely Capital Management in Morristown, N.J., Kiely (left) is a CFP and CPA and has been a fee-only financial planner and provider of income tax services for individuals for more than 25 years. He has been named a “Best Financial Advisor” by Worth magazine multiple times, regularly serves as a source for AdvisorOne reports, like in this article on the implications of healthcare reform last year (and profiled in Investment Advisor) and has twice been named by Accounting Today magazine as one of the CPAs to know in financial planning.
He is also a long-time member of NAPFA, where he serves as the dean of NAPFA University’s School of Taxation, and holds a BA in Accounting from Upsala College and an MBA from Rutgers University.
Farok Contractor is a Management and Global Business professor at Rutgers Business School, based in New Jersey, US. He teaches an international business course in Beijing and Shanghai as part of the school's International Executive MBA program. A PhD and MBA graduate of the Wharton School at the University of Pennsylvania, Contractor's research focuses on corporate alliances, outsourcing and offshoring, as well as foreign direct investment. Before his academic career, he worked as an executive at the India-based multinational firm, Tata Group. Contractor spoke with China Economic Review about his latest book, Global Outsourcing and Offshoring: An Integrated Approach to Theory and Corporate Strategy, and what motivates him as a business professor.
Boeing embarked on two ambitious and innovative experiences in its 787 program. Yet, the company did not appreciate the level of challenge it was taking on, and did not prepare itself for the additional complexity involved.
The assumption was that this program could simply be managed as the previous, more successful 777 program. A careful upfront assessment could have prevented many of the bitter experiences that followed. The innovations included building most of the main fuselage using composite materials and transferring an unprecedented level of development work to its supply chain partners, making it a development chain.
dt ogilvie, a professor of business strategy at Rutgers Business School-Newark and director for The Center for Urban Entrepreneurship & Economic Development, said the Asian community's entrepreneurship drive comes from establishing a financial foundation on which to build.
"I don't know if it's cultural or not, but it's a tendency to control your own fate," ogilvie said. "It's more of a sense of security as well."
According to the Educational Testing Services website, 35 percent of college officials feel that cheating is a problem. Approximately 41 percent of the general public said cheating is getting worse.
Donald McCabe, a professor at Rutgers University, is a leading expert in academic integrity. In May 2001, McCabe and three other professors published a study, "Cheating in Academic Institutions: A Decade of Research."
It studied 1,800 college students from nine universities. Of the 1,800 students surveyed, 70 percent admitted to cheating on exams, and 84 percent admitted to cheating on assignments.
"There is a certain frustration that the general public and the government have with successful hedge funds and the government wants to make sure the playing field is level," said John Longo, a professor of finance at Rutgers University and a senior vice president with MDE Group, an investment firm that invests with hedge funds.
Longo said some might see the government focus on SAC Capital or funds founded by former SAC Capital people as "being overzealous." But Longo said he has no problem with the government's apparent focus on SAC Capital as long as prosecutors have "very strong evidence" to justify the scrutiny.
"We all knew as a team what we wanted and that common goal and passion for financial markets motivated us to outperform our competition. The experience was rewarding because it allowed us to apply practical financial analysis to a publicly-traded company. We were able to apply many lessons from the classroom. But more importantly, we were challenged to learn more and do more than any academic curriculum would dictate, and this showed in our final presentation," the Rutgers team stated. Anil Bhatia, Andre Mendoza, Joshua Cohen, Dmitry Malinsky and Russell Miller led Rutgers to the title. They were followed by Fordham University School of Business in second place, Seton Hall University Stillman School of Business in third place, and Pace University Lubin School of Business in fourth place.
On February 3, Rutgers Business School hosted the New Jersey Economic Summit in which Governor Chris Christie convened 18 corporate executives to discuss New Jersey's business climate. Among those at the event, which was moderated by Neil Cavuto from Fox News, were executives from IBM, Kraft, Celgene, Revel Entertainment and Trump Resorts.
Mr. Pado brings to Aurigen his extensive knowledge of the U.S. life reinsurance market with over 30 years of industry experience, including over 25 years working in leadership positions of U.S. life reinsurance companies. Mr. Pado joins Aurigen from SCOR Group where he served as President and Chief Executive Officer of its U.S. life reinsurance operations. He holds a Bachelor of Science in Mathematics and earned an MBA from Rutgers University. He is a Member of the American Academy of Actuaries, a Fellow of the Society of Actuaries and has served on numerous industry committees.
Michelex Corporation President Mr. Albert Laclé is pleased to announce the successful registration of Pristine Pharma Corporation's ("Pristine") newly constructed manufacturing facility with the United States Food and Drug Administration ("FDA"). Having met cGMP requirements, Pristine commenced operations and will deliver, for export, the first lot of its products in February.
During the third week of January 2011, Mr. Venkat Kakani, CEO of Pristine (M.B.A. from Rutgers University, Graduate School of Management, with major in Finance and International Trade), provided a tour of the Massena, NY, facility to Mr. Maxim Pantchenko, President of the International Trade Association of America, an export distributor of OTC pharmaceuticals to Russia. ITA placed orders with Pristine for two products worth over $2.0 million, and a contract for four more products for near term fulfillment is under negotiation. During his visit to Pristine's facility, Mr. Pantchenko confirmed that ITA will source its liquid OTC pharmaceuticals exclusively from Pristine.
The rising cost of health care far outpaces inflation, and last year’s federal health care reform law is headed for the U.S. Supreme Court — but there are steps employers can take to clamp down on runaway health care spending.
That was the message Thursday morning to the CFO Alliance of New Jersey from Arthur Guarino, who teaches finance at Rutgers University’s Newark business school. He urged chief financial officers to negotiate better deals with health insurers and providers, and encourage their employees to make lifestyle changes that in the long run will improve health and lower costs.
The Rutgers Center for Management Development (CMD) today announced that Mark W. Schaefer has joined the faculty of its Online Mini-MBA: Social Media Marketing Program. The Social Media Marketing course, which begins on February 28, 2011, is the first online executive education program to be offered by Rutgers Mini MBA programs. Along with Schaefer, the course modules will be taught by experts in all aspects of social media, including blogging, Facebook, Twitter, LinkedIn and YouTube.
The Rutgers Center for Management Development (CMD) is offering two Mini MBA courses on Mobile Marketing starting in April. The Rutgers Mini MBA: Mobile Marketing program is the first such executive education course offered by one of the top universities in the country. Rutgers CMD also will be holding a Mobile Marketing Open House on Thursday, featuring Christina "C.K." Kerley, an industry expert who will discuss how mastering mobile marketing is vital to today's business success. For more information and to register, go to mobilemarketingcmd-openhouse.eventbrite.com.
The New York Society of Security Analysts (NYSSA) announced the four finalist teams for the Global IRC(R) New York Regional Final. The student teams will present their research to a panel of senior Wall Street executives on February 17, 2011. The final four teams for the New York Regional Final are:
- School of Business, Fordham University
- Lubin School of Business, Pace University
- Rutgers Business School, Rutgers University
- Stillman School of Business, Seton Hall University
Put differently, "The issue of who gets drugs developed for them is a very important ethical issue and cuts to the heart of the strength and weakness of markets," says Michael A. Santoro, a Rutgers Business School professor and co-editor of the 2005 book, Ethics and the Pharmaceutical Industry: Business, Government, Professional and Advocacy Perspectives. "On the one hand, we don't like it that markets are harsh and unjust," Santoro says. "But on the other hand, it's the power of the market that creates the therapies in the first place."
A $450,000 grant over three years to the Institute for Ethical Leadership (IEL) at Rutgers Business School will launch the Prudential Foundation Nonprofit Leadership Fellows Program and help IEL continue providing leadership development programs for nonprofit executives and next generation leaders and build a strong base of individuals who are prepared to take on top leadership positions.
The law firm Robinson and Andujar LLC announced Matthew J. Robinson Esq., has joined it as an associate.
Robinson will focus his practice on business law, real estate, criminal law, personal injury and municipal court defense.
He received his J.D. from Rutgers University School of Law, where he was marketing editor of the Rutgers Journal of Law and Public Policy. He also holds a master's degree in business administration from Rutgers University School of Business.
Professor S.P. Kothari from MIT (Massachusetts Institute of Technology) Sloan School of Management discoursed on The Role of Accounting in the Financial Crisis: Lessons for the Future, and commented that accounting had a role to play in contributing to the financial crisis. Since "accounting is about the past and valuation is about the future", he called for "standards accompanied by enforcement, sound auditing and greater vigilance". Other featured speakers included Professor Eli Bartov of New York University, Professor Ferdinand A. Gul of PolyU, Professor Bikki Jaggi of Rutgers University, Professor Michel Magnan of Concordia University, Dr Jeanne Ng of CLP Holdings, Professor Gordon Richardson of University of Toronto, Professor Katherine Schipper of Duke University, and Professor Jerold Zimmerman of University of Rochester.
Donald McCabe, a Rutgers University professor who's done research on cheating on college applications, says he is concerned about Smeal's decision to hire a plagiarism-checking service like Turnitin to address the problem. To avoid being flagged by the service, more students may choose to hire professional essay writers to draft their personal statements and other application essays. That could put students who don't have the financial resources to do this at a disadvantage, he says. "I'm not convinced that you are catching the right people necessarily," he says. "You're putting students on notice and from the students' perspective, if they definitely want to get into Smeal, they'll do something else, especially if they have extra money to pay for personalized essay services."
Gov. Chris Christie led a business roundtable hosted by FOX Business Network personality Neil Cavuto today, and the governor and Lt. Gov. Kim Guadagno basked in praise for their efforts across the state, especially more recently in Atlantic City. Present at Rutgers Business School panel discussion today were Kevin DeSanctis, president of Revel, and Robert Griffin, CEO of Trump Resorts Entertainment, both of whom praised the governor for moving an Atlantic City district under the purview of the state in order to expedite investment and development.
Robinson and Andujar, LLC, an area law firm, is pleased to announce that Matthew J. Robinson, Esq., has joined as an associate. Matthew Robinson will focus his practice on business law, real estate, criminal law, personal injury and municipal court defense. Robinson received his Juris Doctorate from Rutgers University School of Law where he was Marketing Editor of the Rutgers Journal of Law and Public Policy. He additionally holds a Masters of Business Administration from Rutgers University School of Business.
"The Rutgers Mini-MBA: Mobile Marketing program´s groundbreaking 360-degree curriculum exposes participants to the full range of mobile tools, technologies, best practices, and industry regulations - enabling them to track ROI and optimize content for mobile environments," adds Eric Greenberg, the Faculty Chair of the Mini-MBA: Mobile Marketing Program at CMD.