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Four CEOs have survived since Nasdaq last hit 5,000


Feb 25, 2015 - CNBC.com

Donald Hambrick, Evan Pugh Professor and Smeal Chaired Professor of Management, told CNBC.com that four CEOs who have been in place since the last time the Nasdaq hit 5,000 share common traits.
"The two things that strike me is that they are not only not just business innovators, they are organizational builders," Hambrick said.

MBA Students Learn Leadership from the Wild


Jan 18, 2015 - Poets and Quants

An article about MBA leadership training in the wild mentions a program headed by Student Services Director Erik Orient.

The U.S. needs a Marshall Plan for the Middle East: Fariborz Ghadar


Dec 02, 2014 - PennLive.com

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, wrote an op-ed piece about the United States' foreign policy in the Middle East.

Ghadar Says Trade a Problem for Proposed ISIS Currency


Nov 17, 2014 - Marketplace

An article on ISIS, the so-called Islamic State, planning to issue its own currency quotes finance professor Fariborz Ghadar:

“Imagine somebody wants to buy wheat from a trader in Iraq and wants to use it in Damascus," Ghadar said. "Does that mean then you have to put gold in a truck and ship it and exchange it for the wheat that’s coming? And then what happens if on the middle of the road, somebody steals your gold?”

Falling Gas Prices Get Thumbs Up From State College Drivers


Nov 15, 2014 - StateCollege.com

A StateCollege.com article about falling gas prices locally and nationally explores the reasons behind the drops. Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, offered his insights into the global factors that have contributed to the phenomenon.

"China’s growth has slowed down," Ghadar says. "Japan and Europe are becoming more energy efficient. The United State’s oil production has grown rapidly. All these factors have caused oil prices to decline globally as well as in the U.S."

You’re Fired! And We Really Mean It!


Nov 04, 2014 - The Wall Street Journal

Smeal's Don Hambrick is quoted in a recent Wall Street Journal article about CEO dismissals and how some companies are becoming more forthright in declaring termination of their leaders.

CEO dismissals used to be “shrouded and euphemized,” according to Donald Hambrick, a management professor at Pennsylvania State University’s Smeal College of Business. He traces companies’ more forthright firing style back to high-profile ousters in the mid-1990s at companies including Eastman Kodak Co. and General Motors Co.

“A lot of boards take some satisfaction in being able to declare to the world that they fired the person,” Mr. Hambrick said. An obvious dismissal is a way for a board to signal that it’s “awake and willing to exert itself,” he added.

Doubts Linger as HP Poises for a Split


Oct 13, 2014 - The New York Times

A study by Smeal finance professors James Miles and J. Randall Woolridge was mentioned in a New York Times article about Hewlett-Packard's recent announcement that the company will split into two new companies. The study shows that of 174 spinoffs from 1965 to 1994 that the stock prices of those companies rose an average of 76 percent in the five years after they were spun off, compared with a 31 percent gain in the Standard & Poor’s 500-stock index. The study also found that spun-off companies were three times more likely to be acquired. See the full article.

GE to Give Penn State $10M for Gas Drilling Center


Sep 25, 2014 - Associated Press

In an article from The Associated Press, Charles Whiteman, the John and Becky Surma Dean of the Smeal College of Business, discusses the formation of Penn State's new Center for Collaborative Research on Intelligent Natural Gas Supply Systems. A $10 million investment from GE will support the center, which is a collaborative effort among Smeal and three other colleges at the University.

Research: How to Keep Wimps and Cronies Off Company Boards


Sep 18, 2014 - Bloomberg Businesweek

New research from Smeal's Don Hambrick, Vilmos Misangyi, and Chuljin Park examines how to identify a corporate director's potential for effectiveness in monitoring and punishing misconduct among corporations and their managers.

"In an exploratory paper presented at the Academy of Management’s annual meeting in August, Penn State University professors offered their formula for board effectiveness. Good board directors have four qualities: independence, expertise, bandwidth, and motivation. One or two won’t cut it."

Aging Will Reduce Economic Growth Worldwide in Coming Decades


Sep 17, 2014 - Voice of America

Voice of America interviewed Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning and Director for the Center for Global Business Studies on the economic ramifications of our increasingly aging world. Already Japan, Germany, and Italy have populations where 20 percent or more of the population is 65 or older. Though the United States has not yet experienced the effects, this is mainly because of immigrant populations' heightened birth rates, Ghadar explains. Listen to the full interview.

A Study in Sustainability: How Schools are Stepping Up


Aug 28, 2014 - U.S. News

This U.S. News & World Report article talks about Smeal's strides in incorporating sustainability into the curriculum:

One school that is focusing on encouraging students to think creatively about these issues is the Smeal College of Business at the Pennsylvania State University. The college developed a Sustainability Strategic Plan in 2013, which included implementing courses across the curricula emphasizing green practices, Penn State News reported.

Colorado, U.S. need their immigrants


Aug 16, 2014 - Pueblo Chieftain

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, contributed this opinion piece to the Pueblo Chieftain regarding Colorado's stakes in the immigration reform debate:

"Considering the impact immigrants have in Colorado’s start-up sector and agricultural industry, it should come as no surprise that the state is home to The Colorado Compact. This bipartisan group advocates for immigration reform — an effort more Coloradans should support given the current state of our country."

Why female superstars are often overlooked


Aug 16, 2014 - Jakarta Post

This article in the Jakarta Post on recognition of female expertise within organizations cites research from Aparna Joshi, associate professor of management and organization:

"When a female assesses others, the better their education is, the higher she will rate them. That sounds simple and logical, and you probably think you would do the same. But that could depend on your gender: when a male assesses others, he will rate them higher when they are male and will ignore their education. This is a pretty big difference."

President Misses the Mark on Inversion Blame


Aug 15, 2014 - CPA Now

Edward Jenkins, instructor in accounting, contributed this piece to CPA Now on who's to blame for corporate inversions:

"The President's statement is off the mark. It was Congress, not accountants, that enacted the incredibly complex international tax regime in the first place."

3D printing 'turning supply chains into ecosystems'


Aug 13, 2014 - Supply Management

This article at Supply Management references a study from Christopher Craighead, the Rothkopt Professor of Supply Chain Management:

"The technology of 3D printing and other developments are turning supply chains into 'supply ecosystems,' according to academic research."

The Amazing Deals Most Consumers are Overlooking


Aug 11, 2014 - CNBC

Research from Smeal faculty Meg Meloy, associate professor of marketing, and Dan Guide, Smeal Chaired Professor of Supply Chain Management, is cited in this article on remanufactured products:

""Consumers are willing to adopt certain classes of refurbished goods if they're priced properly, especially tech products," Daniel Guide, an author of the study and a chair professor of supply chain management at Smeal, told The Fiscal Times."

Look who's innovating: Japan continues to blaze trails but with a lower profile


Jul 30, 2014 - IT World

An article from IT World on technological innovation in Japan cites Fariborz Ghadar, director of the Center for Global Business Studies:

"'Japan could have spared itself two lost decades if it had done more to open its economy to the outside world,' said [Ghadar]."

A new study on charity has important lessons for the social safety net


Jul 28, 2014 - Vox

An article on Vox.com on charitable giving cites a recent study from the Journal of Consumer Research, authored by Associate Professor of Marketing Karen Winterich and colleagues:

"In a new study in the Journal of Consumer Research, researchers pick apart what makes us tighten our purse strings. And what it finds may have implications not only for people's charitable giving but also how they feel about how Washington spends their tax dollars."

Kentucky's vested interest in immigration reform


Jul 25, 2014 - The Courier-Journal (Louisville, KY)

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies, and Planning, contributes an opinion piece on Kentucky's stake in the immigration reform debate:

"Following the new millennium, Kentucky witnessed staggering growth to its immigrant population. These residents brought business and a new labor force, strengthening the state's economy. This reason alone necessitates that Kentuckians have a vested interest in immigration reform."

Army War College Starts Plagiarism Inquiry of Senator John Walsh's Thesis


Jul 25, 2014 - New York Times

Distinguished Professor of Organizational Behavior and Ethics Linda Trevino is quoted in an article on a recent plagiarism inquiry at the War College:

Trevino noted "that Mr. Walsh's initial reaction that he 'didn't do anything intentional' was common among those confronted with questions about improperly using the work of others. But noting that a portion of Mr. Walsh's paper was taken word for word with no attribution, she said he had committed a violation that would merit 'a pretty severe sanction' at most universities."

Why are women still paid less than men?


Jul 23, 2014 - Oxford University Press

Associate Professor of Management & Sociology Forrest Briscoe and colleague Andrew von Nordenflycht contribute a blog post on gender inequity to the Oxford University Press blog:

"In the United States, women now represent a substantial majority of those earning advanced degrees. Yet as we look higher and higher up the ladders of career attainment, we see smaller and smaller percentages of women – as well as the persistence of pay gaps for women, even in senior positions. In other words, even as women break through one glass ceiling, they encounter another on the next rung."

Community in Co-working (and Other Perks of the Business Trend)


Jul 15, 2014 - Success.com

A Success.com article on the co-working trend, popular among entrepreneurs, cites Professor of Management Stephen Humphrey:

"'People like being around other people,' he says. 'People want to be part of something. Co-working is a natural extension of that.' People clearly are more productive when working around others, Humphrey says. More creative too? It's hard to say. 'It's more complex.'"

The future of business: Supply chains


Jul 08, 2014 - The Economist

A report from The Economist: Intelligence Unit examines how companies are using data and analytics to enhance their supply chains cites Christopher Craighead, Rothkopf Professor of Supply Chain Management and director of research for the Center for Supply Chain Research:

"Some companies have tapped into the power of their business networks by posting a specific problem they need to address and letting the market find the most creative and innovative way to solve it. 'Most big companies are using suppliers as sources of innovation,' says Mr. Craighead."

Counterfeiting: An Omnipresent, Critial, and Yet Elusive Supply Chain Issue


Jul 01, 2014 - Supply Chain Management Review

Members of Smeal's Center for Supply Chain Research collaborated to produce an article on the issue of counterfeiting for the Supply Chain Management Review:

"From localized small-scale operations to full-blown global enterprises, counterfeiting activities have become a significant threat to contemporary supply chains. Here's how counterfeit goods enter the supply chain today and five important suggestions on how to protect your supply chains from counterfeit goods."

Robin Hood Rankings


Jul 01, 2014 - Harvard Business Review

The Harvard Business Review provides a summary of recent research from Associate Professor of Marketing Karen Winterich:

"People in cultures that are relatively accepting of inequality in power or wealth are less likely to give to the needy, according to research by Karen Page Winterich, of Pennsylvania State University, and Yinlong Zhang, of the University of Texas at San Antonio."

Wilkes, King's have one-fifth of city's tax exempt properties


Jun 22, 2014 - Citizens' Voice

Charles Enis, associate professor of accounting, is quoted in an article about Wilkes-Barre, Pennsylvania's tax-exempt properties:

The fact that municipalities offer tax breaks to private companies on the premise that they will create jobs — such as in a Keystone Opportunity Zone — shows the local governments must derive some benefit from being home to an organization with many employees, said Charles Enis, an associate professor of accounting at Penn State University.

Their View | Situation of illegal immigration is often obscured


Jun 17, 2014 - Centre Daily Times

This opinion piece by William A. Schreyer Professor of Management, Policies and Planning Fariborz Ghadar advocates for a different picture of undocumented immigrants:

"While the United States wrestles with immigration reform, undocumented immigration is often placed front and center of the murky picture painted by the media and the public."

Add COOs to the Endangered Species List


Jun 13, 2014 - Wall Street Journal

This article on the position of chief operating officer cites research from Donald Hambrick, Smeal Chaired Professor of Management:

"Donald Hambrick, a management professor at the Smeal College of Business at Pennsylvania State University, says companies should be reluctant to wrest important responsibilities, like strategy implementation, from the CEO. When the boss is the "idea person" and the COO is the one charged with making those ideas happen, it allows for finger-pointing, he said."

Corporate Misconduct: Everyone Loses


Jun 11, 2014 - HRE Online

An article on the HREOnline Leader Board cites recent research from Department of Management and Organization faculty members Srikanth Paruchuri and Vilmos Misangyi:

"A new Penn State University study finds the announcement of one public firm’s misconduct can have negative consequences for other public companies in the same industry, in the form of decreased investor confidence."

Bill Marriott, Warren Buffett, Rupert Murdoch and the age of the everlasting executive


Jun 10, 2014 - Washington Post

Professor Don Hambrick is cited in this Washington Post article on high-profile executives that stick around the office long after "retirement":

"By hanging around, “Marriott is hedging a bit and making sure his successor lands on his feet,” said Donald C. Hambrick, a management professor at Penn State University who has studied lengthy executive tenures. “He is showing that he’s pulling for Sorenson and doesn’t want to leave him high and dry.”"

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814-863-3798
mediarelations@smeal.psu.edu