Media Coverage

Financial Expert Advice: Saving and Investing
John Longo
Professor of Finance at Rutgers Business School; Author of Buffett's Tips: A Guide to Financial Literacy and Life

How much should beginners invest in stocks and bonds? And when is a good time to increase those investments?

Before someone starts investing, the first thing to remember is to live within your means. For example, if you have outstanding bills or high-interest credit cards you should pay them off first before investing. Then you should contribute some funds towards an emergency fund, such that you have at least 3 months of living expenses, with the goal of eventually building this up to 12 months of expenses. Regarding stocks and bonds, a rough rule of thumb is to have 60% in stocks and 40% in bonds. With interest rates so low today, I would favor an increased allocation to equities if someone has a long-term time horizon.

I would also encourage people to set up a global portfolio, which is easy to do today with various low-cost ETFs and index funds out there. In terms of the balance between the two (stocks vs. bonds) a good long-term strategy is to add more to the asset class that has underperformed. For example, if stocks have fallen sharply in recent months, it may be a good strategy to contribute a bit more to them, if you can stomach it. Beginning investors usually have time on their side so they can usually afford to take on a little more risk, if they are already living within their means and have an emergency fund put aside.

With collaboration, supply chains have the opportunity to tell the stories of their A-plus vendors — and bank goodwill in case a bad apple is exposed.

The days of procurement as a back-office function without much of a story to tell the public are numbered. More than ever, consumers want to know where and how their products are being made, and global brands are telling the trendy tales of sustainability and transparent sourcing.

The companies that highlight the best parts of their supply chain "are getting rewarded for it," said Kevin Lyons, associate professor of professional practice at the Rutgers Business School-Newark and New Brunswick, "not only financially, but their customer base of loyalty to that particular brand has become stronger because of it."

Umbrella insurance is a type of insurance coverage that extends the liability insurance from an auto or homeowner’s insurance policy to cover more situations with higher limits.

Who should purchase umbrella insurance?

John M. Longo, Ph.D., CFA, Professor of Finance & Economics
Umbrella insurance makes sense for people that want to preserve assets, so they tend to be more affluent. Umbrella insurance is usually placed "on top" of your traditional car and/or homeowner insurance. So, if your auto insurance has a maximum at-fault coverage of $250,000 and your net worth is less than $250,000 it probably does not make sense to purchase umbrella insurance.

Warren Buffett ended his year-long silence at Berkshire Hathaway’s recent shareholder meeting, sharing his views on everything from airlines and SPACs, to fossil fuels and the economy.

Here’s what six experts told Insider about Buffett’s comments on those three subjects.

John Longo, author of “Buffett’s Tips: A Guide To Financial Literacy and Life” and a finance and economics professor at Rutgers Business School:
“Buffett likes to value stocks using a concept called intrinsic value, which means computing the present value of a stock’s future cash flows. The way this formula works is that you get higher values when interest rates are really low, as they are today. The ‘big tech’ companies have real earnings and fortress-like balance sheets, and they’re very global in nature, so they can keep growing at attractive rates for a long period of time. So even though these stocks are somewhat expensive compared to their historical multiples, both Buffett and I would rather own them than a long-term bond, even if it had no credit risk.”

"Lotawana" from Kansas City filmmaker Trevor Hawkins is the first movie in history to offer shared ownership and be premiered through the cryptocurrency known as NFTs.
It is part of the ongoing trend of artists, athletes, and organizations looking to cash in on the NFT movement that is providing a new way for art of all kinds to be traded digitally.

Trevor Hawkins, writer and director of "Lotawana"
Merav Ozair, crypto and blockchain expert and FinTech faculty member at Rutgers Business School

Listen 22:51

I knew that I wanted to get an MBA so I began searching for programs in and around New Jersey. I stumbled upon Rutgers due to their great ratings in veteran-support and diversity, two things I care deeply about. As I researched Rutgers, I found they had close ties to the healthcare industry. As I learned more about the opportunities available to me post-MBA through the Rutgers Office of Career Management, I realized I would be able to continue to serve a purpose higher than myself through my career choice, something that was important to me and would fill the hole left from leaving the Army.

Professor Sharon Hellman was my favorite professor. She teaches Organizational Behavior and Management Skills to first-year MBAs. She was my favorite because she was extremely passionate about what she taught but also because she used many methods of teaching to reach her students. We built towers to hold marshmallows, role-played negotiations, read case studies, read a textbook, listened to her lecture using PowerPoint, watched short videos, and even analyzed major films. This creativity in instructing is what is required to keep learning exciting, ensure lessons hit home, and link theory to practice. I was impressed by her teaching and course so much so that I applied to become her Teaching Assistant.

In a recent Brookings Institution report, Markus Taussig of Rutgers Business School and Edmund Malesky of Duke University praised the notice-and-comment rulemaking process for improving regulation and increasing compliance. They noted, however, that these benefits may not endure in developing countries that move the process online. To retain benefits as digital notice-and-comment becomes more popular, Taussig and Malesky recommended rigorous evaluation of the social impact of digital notice-and-comment platforms in developing countries, research and development of digital notice-and-comment system innovations to increase participant “engagement and responsiveness,” and international commitment to support evidence-based improvements. They advocated “more careful, systematic approaches to building effective regulatory systems where they are needed most.”

The U.S. car insurance market is dominated by a few key players, with the 10 largest companies controlling approximately 72% of the market. Below we list all 10 auto insurers and recommend which might be best for you.

How does the perceived value of larger companies impact the smaller, yet potentially just as competitive, ones?

Many consumers ​feel comfort from dealing with a "perceived familiar" expert, or in this circumstance, the familiar personality (albeit a "company-created expert"). This is a perceived strength that larger companies with high levels of awareness carry as an advantage that smaller entities in the same industry rarely can match. In categories where there is a constant flow of potential new users, this is a clear competitive advantage.

Marc Kalan
Assistant Professor of Professional Practice, Department of Marketing

Delivering Good, the 501(c)(3) organization that supports people affected by poverty and tragedy through new merchandise donations from retailers and manufacturers, is launching its first virtual three-part Women of Inspiration roundtable series on Wednesdays: June 2nd, June 9th, and June 16th from 12-1pm ET.

Wednesday, June 2, 2021
CHAMPIONS OF WOMEN’S LEADERSHIP
The cause of gender equality continues to gain momentum, but there is still a lot of work to be done. Supporting women to be on track toward leadership, whether in the business, institutional or academic spaces we occupy, will mandate critical changes. This panel will share their unique perspective on the challenges and opportunities to gaining leadership today and on overcoming challenges to be more comfortable with raising your hand for new leadership responsibilities.

Fran Horowitz, CEO, Abercrombie & Fitch Co.
Lisa Kaplowitz, Founder and Executive Director of the Center for Women in Business, Rutgers University
Congresswoman Kathy Manning, U.S. Representative (D-North Carolina)
Cynthia “Cynt” Marshall, CEO of the Dallas Mavericks; President & CEO, Marshalling Resources Consulting
Rear Admiral (RADM) Aisha K. Mix, Assistant Surgeon General, Chief Nurse Officer for the U.S. Public Health Service Commissioned Corps

Betting is central to the history of probability and the way probability is intuitively understood, making it both natural to link betting to statistical analysis and curious that this connection is absent from conventional statistical thinking.

Shafer’s view is more palatable for science, where personal opinions should take a back seat to objective reality—though sadly this is not always the case (Crane et al., 2020).

So I advocate to take Shafer’s proposal even more seriously than he suggests, by restoring fundamental principles of probability and risk to statistical work, not simply using a different language.

There is clear evidence that societies benefit when governments provide citizens with opportunities to provide feedback during the drafting of new regulations. The primary systematic means of such government consultation, known as “notice-and-comment” (N&C), involves posting draft regulations for public comment and has multiple benefits. First, such consultation taps into the wisdom of the crowd to help avoid obvious errors and unintended consequences. Second, and the focus of this discussion, it increases the legitimacy of resulting rules in the eyes of the regulated and their communities, spurring higher and more sustainable rates of compliance.

Netflix and Amazon’s Prime Video know you are tired of choice. Both streaming services recently introduced what might be the perfect hack: a shuffle button that eliminates choice and plays a randomly selected program for the consumer.

Under Covid-19 restrictions, the newly homebound were happy to have so many programming options, but this faded over time. New research we conducted with marketing researchers Aekyoung Kim (University of Sydney) and Felipe Affonso (University of Florida) suggests that being able to choose can backfire, because deliberate choice erases the magic of serendipity.

Professor Merav Ozair explained NFTs and digital currency on the Bailey & Southside show on ROCK 100.5 FM (WNNX), AtlantasRockStation.com

Listen to the recording.

Larry Mendte interviews Dr. Merav Ozair, Associate Professor of Finance and FinTech Faculty Member at Rutgers Business School, about investing in Cryptocurrency.

Merav Ozair, a data scientist and crypto/blockchain expert at Rutgers University’s business school, likened Zed Run to one of the early popular public-facing NFTs, CryptoKitties. Created in 2017 by Canada’s Dapper Labs that also makes NBA Top Shot, CryptoKitties are NFT cats that can be bought and bred to make new generations with different characteristics.
“It’s taking that concept to that next level,” Ozair said. “It has more functionality.”

The most powerful evidence for the prosecution at the trial of Derek Chauvin was a video showing the then-Minneapolis police officer pinning a pleading George Floyd to the ground by kneeling on his neck until he grew silent and then died.

On the witness stand, the teenager who captured the incident on her smartphone, 17-year-old Darnella Frazier, expressed regret for not doing more on the day of the crime.

In the case of George Floyd, the bystander effect was complicated by the power dynamics at play. Chauvin was an armed white police officer, and Frazier and the other bystanders were unarmed civilians who were mostly Black, like George Floyd himself.

Last year, Chicago real estate investor and economic development proponent Lyneir Richardson decided it was time to step up the mission of his company. Richardson had founded Chicago TREND Corp. five years earlier to make loans to entrepreneurs of color, the better to help them open businesses and develop the economy in urban neighborhoods.

But with the pandemic and its especially heavy toll on Black Americans, along with protests over racial injustice, he readjusted his focus: help people of color own commercial real estate, thereby building wealth, while also allowing neighborhoods to thrive and local communities to feel they have a stake in that success. “We want people to experience a sense of pride and ownership,” he says. “That’s our goal—to facilitate that ownership,” he says.

The event continued with a question-and-answer session where Kopp and Kevin Lyons, Task Force co-chair and an associate professor of professional practice at Rutgers Business School, fielded questions and concerns from attendees regarding the Climate Action Plan.

“An important part of this … is ensuring that students are part of this,” Lyons said. “The one good thing or positive thing about Rutgers is that we have such a large student population that is involved with climate litigation, sustainability (and) social justice issues.”

In the absence of excessive regulation or anti-competitive practices, industries are observed to evolve toward an optimal market structure called the Rule of Three. This entails that a market with three full-line generalist firms that are volume-driven and with numerous successful small specialists that are margin-driven. In their new book, The Global Rule of Three, Can Uslay, Professor and Vice Dean for Academic Programs and Innovations, Rutgers Business School; Jagdish Sheth, Professor of Marketing at the Goizueta School of Business at Emory University; and Raj Sisodia, Professor of Global Business at Babson College argue that even after industries globalize, the Rule of Three prevails.

In a conversation with Martin Reeves, Chairman of the BCG Henderson Insitute, the authors discuss insights from their new book, and also reflect on Bruce Henderson’s original thinking on The Rule of Three and Four.

Listen to the conversation.

Eighty-eight percent of service professionals say the pandemic exposed technology gaps, and 86% say the same for service channel gaps as customers flocked away from physical locations and towards digital methods of engagement. Teams also found shortcomings that went beyond the obvious. For example, 87% realized that their existing policies and protocols — such as cancellation fees for events that were prohibited by public health measures — were not suited for current circumstances.

Faced with these challenges, service teams and their leaders are making transformations that will endure beyond the current crisis.

From TikTok to Clubhouse to Discord, young Americans are flocking to social networks that many wealth managers have never heard of, let alone used. For financial advisors, keeping up with new apps and trends can feel like digital whack-a-mole. It seems every time a platform or strategy gains traction, a new one emerges.

Many advisors think that social media effectively consists of Facebook, Twitter, and LinkedIn. Not so. Newer entrants such as TikTok, Clubhouse, and Discord deserve attention alongside established heavyweights like Instagram and YouTube. That’s because their core users are trendsetting, digital-savvy young Americans and future investors, noted Dr. Merav Ozair, Assistant Professor of Professional Practice at the Rutgers Business School.

If you're wondering why anyone would pay millions of dollars for a tweet or gif that you could screenshot or download—you're not alone. You can definitely just save a picture or video you love and have it for free, but an NFT allows you to know you own the real, original item. "An NFT is like any other token, it has its own authentication," says Merav Ozair, PhD, a blockchain expert and fintech faculty member at Rutgers Business School. "Therefore you have an ownership you can show."

Insurance companies spend billions of dollars a year to capture the attention of Americans with witty jingles, animated mascots and slogans that stick in our brains, whether we like it or not.

Then there’s the NJM Insurance Group, the iconic 108-year-old insurance company whose branding seems frozen in time. No mascot. No catchy slogans. No smart phone application. Very little television advertising. Its low-profile approach bets that promoting customer service builds brand recognition.

Rutgers University Professor Marc Kalan, who teaches marketing, said that conservative approach was overwhelmed by the ubiquitous advertising and extremely sophisticated digital marketing national companies wield to target young drivers.

“NJM did not keep up with the competition,” he said. “I suspect NJM is one of those companies that was not looking ahead, but was rather looking at operational improvements rather than marketing more effectively to the emerging market of new drivers.”

A Marketplace investigation into Amazon Canada has found that perfectly good items are being liquidated by the truckload — and even destroyed or sent to landfill. Experts say hundreds of thousands of returns don't end up back on the e-commerce giant's website for resale, as customers might think.

Marketplace journalists posing as potential new clients went undercover for a tour at a Toronto e-waste recycling and product destruction facility with hidden cameras. During that meeting, a representative revealed they get "tons and tons of Amazon returns," and that every week their facility is breaking apart and shredding at least one tractor-trailer load of Amazon returns, sometimes even up to three to five truckloads.

Kevin Lyons is an associate professor at Rutgers University in New Jersey who specializes in supply chain management and environmental policy. He says that 30 to 40 per cent of all online purchases are sent back.

"So you don't get a sale price or you don't get a receipt for it, but the earth is actually paying the price for this," he says. "If you think about the millions and sometimes billions of transactions that are happening on this space, the impact is incredible."

Jay Soled, Rutgers School of Business Professor and Rutgers Masters in Taxation Program Director joins the Yahoo Finance Live panel to discuss estate taxes and the impact of the Tax Cuts and Jobs Act of 2017 to estate taxes.

Watch the video and/or read the transcript.

Hundreds of companies backed a joint public statement Wednesday, asserting objections to restrictive voting laws under consideration in legislatures across the country, as corporate America struggles to navigate the competing partisan impulses of consumers and politicians on both sides of divisive issues.

“We’ve seen companies make fits and starts toward being more publicly socially responsible, but doing it in a mass statement, that’s becoming more the norm, where they’re kind of teaming up as opposed to standing on their own and doing it,” said Michael Barnett, a professor of management and global business at Rutgers Business School.

Sephora is opening more than 60 stores this year, including one sometime this summer in Marlboro Plaza on Route 9, part of what the company says is its biggest expansion ever.

"People are dying to get out and go to locations," said Rutgers University professor Marc Kalan, who teaches in the business of fashion program at the Rutgers School of Business in Newark and New Brunswick. "They (customers) are dying to be able to experience, and beauty experiences with the female marketplace are ready for this. They've been locked up for a year."

If there was any doubt that the pandemic has sped up the growth of e-commerce in this country, a recent report from KPMG helped put it to rest. It found that 66 per cent of Canadians have increased their online shopping habits during the pandemic and that most will likely stick with these habits.

With all these online purchases, however, comes a significant rise in the number of returns to retailers. Kevin Lyons, an associate professor of supply chain management and environmental policy at Rutgers University, says that 30 to 40 per cent of all online purchases are returned. Compare this with 10 per cent of purchases at brick-and-mortar stores.

The big problem with all these returns is the environmental impact. Each year in the U.S. alone 3.5 billion products (worth US$400 billion) are returned, generating five billion pounds of waste. Although only 20 per cent of returned products are defective, many are liquidated or sent to landfills. Returns also create a giant carbon footprint. In the U.S., waste generated through returns each year contributes to 15 million metric tons of carbon dioxide emitted to the atmosphere.

Members of the Global Women’s Institute launched an online credential exam last month, the first of its kind, to certify experts in gender and international development.

Nancy DiTomaso, a professor of management and global business at Rutgers University, said professionals can “fill in gaps” in their knowledge of women’s issues in the field by taking the exam. She said passing the exam will help employers identify prepared and qualified candidates in the field.

“Such kinds of credentialing usually improves things for everyone,” DiTomaso said in an email. “It legitimizes the field in the sense of demonstrating that there is knowledge and skill involved.”

She said professional organizations in other fields like diversity, equity and inclusion and human resource management often create these types of standardization credentials instead of higher education institutions.

DiTomaso said universities looking to create this type of exam can better legitimize the field because their work is usually directly tied to new research and “regularly reviewed” knowledge. She said this may not be the case for professional organizations that develop credential exams.

“There are always competitors,” she said. “In a field that has not had such a credential, those who are first have to establish their credibility.”

Technology hasn’t just changed the way consumers use goods and services, it’s also changed the way they own them. Music collections, for example, have evolved from hundreds of alphabetically-organized records on a shelf, to carefully edited digital libraries, to the 2021 version — a list of songs stored on Spotify or some other streaming platform. What consumers used to think of as “mine” is now “ours” in the sharing economy, where everything from car rides to books has become less of a coveted item and more of an experience.

But marketers know that there is value in psychological ownership. When customers form an emotional attachment or self-identify with a product, that sense of “mine” enhances its luster and keeps them coming back for more. As shoppers shift away from owning material things, how can marketers preserve these benefits? Some answers can be found in a new study, “Evolution of Consumption: A Psychological Ownership Framework,” which recently appeared in a Journal of Marketing-MSI special issue.

The study authors are Deborah Small, marketing professor at the University of Pennsylvania’s Wharton School; Carey Morewedge, marketing professor at Boston University’s Questrom School of Business; Ashwani Monga, marketing professor, provost and executive vice chancellor of Rutgers University-Newark; Robert W. Palmatier, marketing professor at the University of Washington’s Foster School of Business; and Suzanne B. Shu, marketing professor at Cornell University’s SC Johnson College of Business

Retail analysts are predicting a rise in post-pandemic retail therapy, focused on dresses, heels, and other going-out looks. For inspiration, look no further than the icons of revenge style: Tina Turner and Princess Diana, both in the zeitgeist again.

For Tina Turner and Princess Diana, their nemeses were clear, and the stakes were high to rebrand. But for those of us lucky enough to spend the pandemic schlumping in loungewear while working at home, who, exactly, are we getting revenge against? Ashwani Monga, a marketing professor at Rutgers Business School, has a response to that puzzle: “This is actually consumers taking revenge on themselves.” He went on to explain that in the philosophical framework of multiple selves, our “virtuous self” prevented us from spending during a year of sadness and economic depression. Prof. Monga continued, “Now suddenly when things are opening up, I’m like, ‘I need to exert myself and take revenge on my virtuous self, you’ve been too good all year, and so let me now take revenge on you. Let’s blow some money and get some good stuff.’”

The Critical Tax Theory Conference has a long history of fostering the work of both established and emerging scholars whose research challenges and enriches the tax law and policy literature. Critical tax scholars question assumptions of objectivity in tax, as their work explores how tax law and policy impact historically marginalized groups. At a time when tax policy is once again at the forefront of politics and public discourse, the work of these and other critical tax scholars supports a more robust discussion of the role for tax law in current and future social and economic policy.

Jay Soled (Rutgers), Exploring the Dichotomous Tax Treatment of Investment versus Trade Or Business Expenses Under The Internal Revenue Code

Target will spend a total of more than $2 billion at Black-owned businesses by 2025 as part of its effort to advance racial equity.

That’s a significant increase in overall spending on Black-owned businesses, according to Target, though it declined to be more specific Wednesday.

But Jeffrey Robinson, associate professor and academic director of The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School said Target has the right approach, but the number feels “low” given the size of the retailer. For the fiscal year that ended Jan. 30, Target generated annual sales of $93.5 billion.

“I applaud them for making the commitment, but let’s see if they can exceed it,” he said.

The hysteria over NFT, digital collectible items that people can buy, sell or trade, escalated quickly as more people began to invest in nontraditional assets during the pandemic.

Their usage may soon grow as they make money transactions smoother, safer and more transparent, according to crypto and blockchain expert Merav Ozair, PhD, a FinTech faculty member at Rutgers Business School. The digital assets and tokenization specialist explains the crypto-jargon and how NFT could revolutionize certain industries.

The possibilities and applications of NFTs are far-reaching in terms of who can create and sell one and what NFT business use cases and applications will be created. The opportunities are endless for anyone to monetize their digital or virtual content via an NFT, whether it’s a photo of their puppy, video of cooking lessons or a photo with Magic Johnson. People can create additional income streams as long as someone is willing to pay for it. Thus, NFTs can democratize society.

If you’re looking for the cheapest car insurance for a teen driver, the most affordable way to cover them is to add them to the family policy, which can save families thousands of dollars per year compared to buying individual policies.

What features should teens and parents look for when shopping for a car, and how will this impact car insurance rates?

Both safety and anti-theft features may reduce the price of car insurance. For example, cars that have automatic braking, all-around airbags, and anti-theft GPS tracking devices may lower the price of car insurance offered by most providers.

John Longo, Professor of Finance at Rutgers Business School; Author of Buffett's Tips: A Guide to Financial Literacy and Life

As inexperienced drivers, students considered a greater risk to cause traffic accidents. In fact, according to the Centers for Disease Control and Prevention, motor vehicle crashes are the leading cause of death for America’s teenagers. This elevated risk leads to more expensive car insurance for college students as well as high school students. The good news is anyone can find cheap car insurance for students by researching car insurance coverage, getting personalized quotes and receiving all available discounts.

What factors should students consider when deciding whether to bring their car to campus or keep it at home?

If the student is attending college in an urban setting, there is less likely a need for having a car on campus. For example, most cities have pretty good mass transit systems, as well as a large number of Uber/Lyft drivers. Having a car on campus may be needed if a student is working off-campus in a suburban setting since alternate transportation options may be less plentiful and have greater downtime between pickups and drop-offs.

John Longo, Professor of Finance at Rutgers Business School; Author of Buffett's Tips: A Guide to Financial Literacy and Life

You’re not imagining things: The pandemic has made parent-child negotiation more intense. Experts share their tips for easing the tension.

In Charles Stella’s house, the battleground is dinner. It’s the one meal the family eats together and every day, he says, his daughters attempt to negotiate the terms. How long do they have to stay at the table? Which foods do they have to eat? Could they eat less of their vegetables tonight and more tomorrow? Would that still qualify them for dessert?

Stella has found himself mired in a Sisyphean process that will be all too familiar to many parents: negotiating with kids. Thought you’d established the rules or set the boundaries? Think again. You are in for many more rounds, which can range from reasonable discussion to impassioned pleas or outright whining. It all fits the definition if you “have different preferences and are trying to come to an agreement about them,” write Terri Kurtzberg and Mary Kern in their book Negotiating at Home: Essential Steps for Reaching Agreement with Your Kids. These sessions can vary in intensity, frequency, and the annoyance they create for adults (your kids may not be having any fun, either).

For more than a year, we’ve been wondering what work will look like when the pandemic ends.

But even more important than the organizational design and the tech tools of our hybrid world order are the hybrid skills we’ll need to develop wherever and however we’re working.

“Virtual communication, not to mention the experience of being in crisis mode, makes people more negative, more distracted, less willing to cooperate with others, less likely to share useful information, less trusting, and less willing to listen to new ideas,” write Daniel Levin and Terri Kurtzberg, management professors at Rutgers Business School.

EDITOR’S TAKE
Review: Discover it® Student Cash Back
The Discover it® Student Cash Back card is a good credit card for students with limited credit history, or even no credit score, who want to earn bonus rewards without paying an annual fee. Discover it® Student Cash Back gives 5% cash back on up to $1,500 spent per quarter in bonus categories that change, along with 1% back on all other purchases. Discover also doubles cardholders’ first-year rewards earnings after the first account anniversary. Earning good grades can get you a yearly bonus, too.

Do you think an annual good-grades bonus is a major selling point for a student credit card like Discover it Student Cash Back?

Marc Kalan, Assistant Professor of Marketing, Rutgers Business School
The value of a $20 good grades cash bonus is a great idea to give some value to students to reflect their efforts, however in today's economic environment $20 is a very minimal amount for students, especially college level where students generally choose their first "personal" credit cards, and therefore I would not believe this to be a significant factor in that decision. And who determines what are qualifying "good grades" and how are those received and evaluated. $20 strikes me as not reaching the level that provides enough incentive to stimulate that decision.

G. Christopher Crawford, PhD is Assistant Professor of Professional Practice of Entrepreneurship, Strategy, and Management at Rutgers Business School in Newark and New Brunswick. His research focuses on entrepreneurship and new venture growth, with a particular interest in studying how the largest, fastest growing companies develop and evolve. In recent work, he models the emergence of outliers – whom he brands ‘Rock Stars’ – as a universal theory for both academia and mainstream culture. Based on his research of more than 12,000 companies, he has developed the ‘Rock Star’ Theory: a conceptual framework that delves into the factors that drive the performance of the most successful individuals and businesses.

What company do you admire most? I most admire Deloitte because of their focus on people and their drive to innovate continuously. What drew me to Deloitte is they really emphasize well-being and flexible working to promote work-life balance. They also encourage better working teams through their workshops on Business Chemistry, which help to understand and emphasize the variety of personalities of people you work with. During my internship last summer, we were completely virtual, making networking and learning about the company challenging.

Still, I was blown away by how accessible and willing everyone was to help, no matter what their position. My recruiter recommended a couple of people and, from there, I was able to connect with so many people from various levels within a welcoming environment. At a time when social distancing creates a barrier to connecting with people, my virtual internship at Deloitte ended up being a significant networking opportunity. Furthermore, Deloitte dedicates a lot of resources to advancing technologies and continuously innovating. I’m so excited to be starting my career at a firm that is pioneering new technologies while putting its people first!

Who is your favorite professor? My favorite professor at Rutgers has been Anthony Taitt, who taught a Supply Chain Finance class that I enrolled in as a junior. Professor Taitt is fair, engaging, and thoroughly committed to the success of his students. He brings a wealth of experience to the classroom, weaves current events into coursework, and encourages students to think critically. It was a pleasure to study under Professor Taitt. I still think in terms of the frameworks he introduced to our class (cash conversion cycle, inventory turnover rate, float, etc.).

Lei Lei, Dean of Rutgers Business School, Rutgers University
An expert on supply-chain management, she oversees the education of the next generation of business leaders at the state’s top business school.

Buying a home represents an important milestone for most consumers. But for those who dive in to the deep end of real estate without a financial safety net, the decision could lead to buyer’s remorse in the long run.

In this report, WalletHub determined which cities are home to the most overleveraged mortgage debtors by comparing the median mortgage balances against the median income and median home value in more than 2,500 cities.

What are the most common financial mistakes people make when buying a home and which are most costly in the long-term?

If a borrower takes out the largest possible loan, they can qualify for based on their current income, it may leave them short of funds when it comes to emergency repairs and future capital expenditures.

David E. Frame, Ph.D. – Assistant Professor, Department of Finance and Economics, Center for Real Estate, Rutgers Business School – Rutgers, The State University of New Jersey

1. “Women, Power, and Promise” at the Newark Museum of Art

The Newark Museum has put together a slate of programs for this Women’s History Month event, with a keynote address by cosmetics mogul Bobbi Brown, an art performance by the Guerrilla Girls, and closing remarks from Lisa Kaplowitz, executive director of the Center for Women in Business at Rutgers Business School.

Price: $50 general admission
Time: 3 p.m.–5 p.m.

In this month’s video, we hear from Arash Azadegan, an associate professor of supply chain management at the Rutgers University business school. He discusses an article he co-authored with Arizona State University professor Kevin J. Dooley entitled A Typology of Supply Network Resilience Strategies: Complex Collaborations in a Complex World.

COVID‐19 has forced supply chain management researchers and practitioners to question many of their firmly held assumptions about the discipline. Perhaps the most interesting question is, where does supply chain management go from here? This article by Azadegan and Dooley is an attempt by the Journal of Supply Chain Management begins to answer that question via a combination of invited essays and a regular submission. Consider it a starting point.

For some, the stimulus checks represent a desperately needed financial lifeline, while for others, fortunate to be largely unaffected by the COVID-19 pandemic, it is an unexpected windfall. Those outside of the income limits who receive a stimulus payment may make their own assessment of the value of their tax dollars being used to fund the Act.

Here, for those who are receiving them, I offer some suggestions on how to triage your stimulus check(s).

Do Ethics Limit Business Success? Listen and watch the interview.

My enthrallment with history didn’t start until I met Mr. Ed Powers. Mr. Powers still teaches history where I went to high school and it’s he who lit the fuse. To this day – been a whole lotta days since – I still remember something he said during a discussion about the Vietnam War. To paraphrase, you can’t fight an -ism (e.g., Communism, Socialism, Capitalism, Buddhism, etc.). The -ism is an idea/philosophy/crutch utilized by people. So for me, any argument for/against an -ism is really about people.

How’s this relate to episode 2021:11 of Did You Know That? Christopher Young is all about people, specifically, the ethical actions of people in the business world. (Please hold all snarky comments until after the interview.) The world is made up of a lot of different -ism’s as they relate to business, which means there are a lot of people making business decisions on a second by second basis. We talk about how they’re making those decisions and how they can be better.

With every new year it’s important to take a step back, understand the emerging trends, and align our digital marketing strategies to take advantage of recent events.

2020 brought unprecedented changes onto society, and with both the maturation of social media and popularity of video and story-centric content, 2021 will continue to challenge marketers looking to improve their digital marketing ROI as newer technologies such as AI become more mainstream.

Rather than just post my own advice, which I will include at the bottom, I decided to ask many industry experts representing a variety of companies what digital marketing trends they are focusing in on the new year.

Hopefully some or all of this advice will resonate with your situation and provide you some insight on how to best pivot your marketing in 2021.

By: Lisa S. Kaplowitz, Kristina Durante, W. Brad Johnson, and David G. Smith

Too often, narratives about men’s engagement in gender diversity, equity, and inclusion (DEI) initiatives focus nearly exclusively on the benefits for women. For instance, efforts to compel male participation in gender DEI programs often focus on the business case (why advancing women is good for the company’s bottom line), the moral case (connecting inclusion with his sense of fairness and justice), the personal case (do it for your sister, daughter, or partner), and, of course, the well-documented benefits — professionally and personally — for the women who work with men.

Although each of these motivations to mentor, sponsor, and befriend women at work are both logical and evidence-based, together they create an erroneous impression that cross-gender collaboration at work benefits women alone.

This narrative — which paints men as entirely altruistic, selfless, even chivalrous for supporting women — is simply false. Yes, men are important to moving the needle on gender equity, but failing to capitalize on the myriad ways that men thrive in close relationships with women, especially relationships with underrepresented women, is a monumental missed opportunity in many ways.