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Remuneration under microscope again

Jul 16, 2015 - World Finance

The issue of executive pay has brought the ire of both workers and shareholders. Yet recent reforms have gone some way towards repairing the damage. Don Hambrick, Evan Pugh Professor and Smeal Chaired Professor of Management, said “rising executive pay plays a part — but only a minor part in America’s growing income inequality.” He commented on other facets of executive pay, as well.

Groupon acquires Baltimore food delivery startup OrderUp

Jul 16, 2015 - The Baltimore Sun

Groupon acquired Baltimore food delivery startup OrderUp for an undisclosed amount of money, it was reported on July 16. OrderUp CEO Chris Jeffery and Jason Kwicien, now OrderUp's vice president of delivery options, founded the company in 2009 as a twist on a website they built in 2003 as students at Penn State's Smeal College of Business.

Promise, risk await post-sanction Iran

Jul 14, 2015 - Marketplace

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning and director of the Center for Global Business Studies, was quoted in a story about the potential of Iran's economy after sanctions are lifted. As sanctions are relieved and Iran’s dismal exchange rate improves, buying power will also increase, he said.

Can You Tap Your Customers' Inner Zombie?

Jul 06, 2015 - CMS WiRE

Karen Winterich, Frank and Mary Smeal Research Fellow and associate professor of marketing, talked about how non-conscious factors affect consumers' decisions and because consumer decisions are affected by so many factors, most marketers don't fully understand how customers will behave.

Research shows impact of student debt on small business creation

Jul 06, 2015 - Phys.org and other outlets

Small business creation—a critical economic engine—is significantly hampered in areas of the country where residents carry more substantial student loan debt, according to research co-authored by Brent W. Ambrose of the Penn State Smeal College of Business.
The research has also been cited in the Wall Street Journal, CNBC.com and the Milwaukee Journal-Sentinel. 

Wal-Mart stocks up on interns at Penn State

Jun 28, 2015 - Centre Daily Times

Five Penn State interns — three in replenishment, one in logistics and one in Sam’s Club merchandising — are spending their summer at Wal-Mart's Bentonville, Arkansas, operations center. That is in addition to two recent hires and a “fairly large contingent of recent graduates” said Lauren Adams, manager of Wal-Mart’s campus relations team.

Penn State Launches Online Boot Camp to Address Supply Chain Skill Needs

May 24, 2015 - Supply Chain Matters

Bob Ferrari, vice president and managing director of The Ferrari Consulting and Research Group LLC, a specialized consulting and industry analyst advisory services firm with a focus on helping businesses in optimizing global supply chain business and technology processes, wrote in his blog about Penn State's new online boot camp for supply chain.

'Fitness' foods may cause consumers to eat more, exercise less

Jun 23, 2015 - ScienceDaily

Weight-conscious consumers are often drawn to foods such as Clif Bars and Wheaties, whose packaging suggests that they promote fitness. But according to a new study co-authored by Hans Baumgartner, Smeal Professor of Marketing and chair of the Department of Marketing, such "fitness branding" encourages consumers to eat more of those foods and to exercise less, potentially undermining their efforts to lose or control their weight.

Closing the Talent Gap: Penn State University Creates Supply Chain Boot Camp

Jun 15, 2015 - Inventory & Supply Chain Optimization blog

Together with corporate learning pioneer CorpU, Penn State Smeal created a 100 percent online learning platform aimed at helping future supply chain leaders develop a holistic approach to supply chain management, the Supply Chain Leadership Academy. Steve Tracey, executive director of the Center for Supply Chain Research, Maria Taylor, managing director of Penn State Executive Programs, and Jeff Spearly, senior director of learning & development of Penn State Executive Programs, were quoted.

Mark Rubin Wins 4th Decathlon Title as Wall Street’s Top Athlete

Jun 15, 2015 - Bloomberg

Finance graduate Mark Rubin, a 29-year-old futures and options sales trader, won his fourth straight Decathlon title on Sunday with a record-setting point total. Rubin, who starts a new job with ICAP next week, finished with a Decathlon-record 7,683 points. Rubin was also a starting safety on the Penn State football team.

2015 MBA to Watch: Tatiana S. Kuzmenko

Jun 10, 2015 - Poets and Quants

Smeal College of Business MBA student Tatiana S. Kuzmenko has been named a 2015 MBA to Watch by Poets & Quants. After she graduates, the 29-year-old from Russia is heading to California to work for Apple.

Northeast Ohio supply chain industry seeing strong demand

Jun 08, 2015 - Crain's Cleveland Business

The story cites research conducted by Smeal's Center for Supply Chain Research:

"Nationally, the pool of qualified supply chain professionals isn't keeping up with demand. Researchers from Penn State University's Center for Supply Chain Research, for instance, said in a recent report that a 'perfect storm could be in the offing' when it comes to (the) talent pipeline."

Penn State to offer supply chain certificate bootcamp

Jun 05, 2015 - Education DIVE

The story details a partnership between the Smeal College of Business and CorpU, saying it would launch the Supply Chain Leadership Academy to try to close the skills gap in talent for supply chain professionals.

Customer-Centric Org Charts Aren’t Right for Every Company

Jun 03, 2015 - Harvard Business Review

Hari Sridhar, associate professor of marketing and director of the customer analytics program in the Institute for the Study of Business Markets, co-wrote with two others an article that talks about how customer-centric organizational charts work well for a growing number of companies, but evidence suggests it has produced poor results for others.

House digs into Senate GOP bill to overhaul public pensions

Jun 02, 2015 - The Associated Press

James Miles, professor of finance and Joseph F. Bradley Fellow of Finance, testified before a (Pennsylvania) House State Government Committee hearing about fees that hedge fund managers receive compared to fees from funds that are passively managed, and the investment performance of each type of fund.

Researchers Link Feelings Of Disgust And Ethical Behavior

Jun 01, 2015 - NPR

Research conducted by Karen Winterich, Frank and Mary Smeal Research Fellow and Associate Professor of Marketing, and two co-researchers, revealed that when people feel disgusted it affects the ethical choices they might make afterward. 

What CEOs are really worth

May 28, 2015 - USA Today

Research conducted by Don Hambrick, Evan Pugh Professor and Smeal Chaired Professor of Management, is used to illustrate the growing effect CEOs have on their companies' bottom-line profit, their so-called "CEO effect."

Want to Be an Entrepreneur? Beware of Student Debt

May 26, 2015 - The Wall Street Journal

The story cites a study co-written by Brent Ambrose, Smeal professor of risk management and director of the Institute for Real Estate Studies. The study reveals that the higher the student-loan debt in an area, the lower the net creation of very small businesses, those with one to five employees.

Why it pays to be a jerk

May 20, 2015 - The Atlantic

Don Hambrick, Evan Pugh Professor and Smeal Chaired Professor of Management, talked about how the findings of a 2007 study he conducted about narcissism in CEOs applied to more recent published works about whether it pays to be a jerk in the workplace. The answer is, sometimes it does, other times it doesn't.

F.N.B. collaborating with Penn State students on branch design

May 14, 2015 - Pittsburgh Business Times

F.N.B. Corporation collaborated with students in the Penn State Smeal College of Business to develop plans for an innovative new banking center in State College. The concepts generated from this collaboration with students will also influence future branch design and delivery channel strategies for F.N.B.’s retail arm, First National Bank. F.N.B. President and CEO Vincent Delie Jr., is a Penn State alum.

If We Don't Reform, Can We Still Be Called the Land of Opportunity?

Apr 28, 2015 - Huffington Post

Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning and director of the Center for Global Business Studies, wrote a column for the Huffington Post that said not only are immigrants filling in the existing gaps in our work force, but at the top level they are also creating more opportunities than Americans, and for Americans to fill.

Toxic Tort Claims Over Fracking Create IP Discovery Risk

Apr 24, 2015 - Law 360

Dan Cahoy, professor of business law, is quoted in a story about a recent Pennsylvania ruling finding that trade secrets, including the makeup of hydraulic fracturing fluids, should be handed over in discovery in a toxic tort case against Range Resources Corp. It is likely just the beginning of attempts by plaintiffs to win access to proprietary information, experts say.

Penn State students launch bow tie company, Homan Briar

Apr 23, 2015 - The Daily Collegian

Two best friends and Smeal College of Business undergrads, Ryan Goeke (sophomore-supply chain management) and Carl Rowits (sophomore-accounting), who have been roommates since freshman year, started a bow tie company, Homan Briar, two years ago. Since then business has skyrocketed.

Ferguson Township leaders weigh redevelopment plan for West College Avenue

Apr 20, 2015 - Centre Daily Times

Five Penn State students in the Smeal College of Business’ Applied Professional Experience program, which is part of the MBA curriculum, put weeks of research and design into creating what could become the terraced streetscape district — the section of West College between South Buckhout Street and Blue Course Drive.

Why Does Buying Stuff Make Us Feel Better?

Apr 17, 2015 - Fox Business

In a story exploring why buying something makes people feel better, Margaret Meloy, associate professor of marketing, is quoted as saying her research has revealed that when people who are feeling down buy something, it gives them a temporary boost.

Adrian Project introduces Penn State accounting students to careers in law enforcement and the IRS

Apr 13, 2015 - The Daily Collegian

Fifteen accounting students donning bulletproof vests, handcuffs, mock handguns and pepper spray joined agents from the Internal Revenue Service Friday as part of the Adrian Project — a role-playing event through the IRS that introduces students to the agency's work.

Questions raised about whether compulsory licenses get best prices

Apr 07, 2015 - Nature Medicine

The use of so-called 'compulsory licenses' by developing countries to obtain cheaper drugs for HIV and AIDS by circumventing patents has not been the best strategy for achieving the lowest prices over the past decade, a new study claims. Instead, the best prices were often obtained by countries that procured their drugs through voluntary negotiations, often facilitated by third parties such as UNICEF or the Global Fund to Fight AIDS, Tuberculosis and Malaria. Dan Cahoy, professor of business law, cautioned against extending the results too far.

10 Undergrads Ready to Revolutionize the Finance Industry

Apr 06, 2015 - Badcredit.org

Students majoring in finance and economics have a unique responsibility among their peers. Following graduation, they have the opportunity to apply their skills and become trailblazers in the global economy, whether it be managing assets, raising financial literacy or making credit more accessible to millions of people around the globe. If these 10 students are any indication, it seems as though our brightest days are still ahead. Penn State Smeal students Daniel Shine and Eric Vishnevetsky were among the 10 students profiled.

Airbnb, Uber opponents build barriers rather than compete, asking consumers to pay price

Mar 27, 2015 - The Conversation

Incumbent businesses confronted by digital disrupters resist changes to the status quo for understandable reasons: they were winning at a game they had mastered. When the game changes, efforts to strengthen the previous barriers to entry are standard procedure. Airbnb and Uber have inspired a new generation of incumbents to play these same cards. Both companies have grown at phenomenal rates over short lifetimes, both rely on not owning the core asset (sleeping rooms in the former case, cars in the latter), and both have attracted sky-high equity valuations. That is the thrust of the commentary John Jordan, clinical professor of supply chain & information systems, wrote.

Strong Dollar Hurting U.S. Steel Mills as Imports Flood Market

Mar 25, 2015 - Bloomberg News

Even as the U.S. economic recovery has gained steam and the dollar has surged, United States steel mills have struggled. The amount of imported steel used in the U.S. has swelled, but production capacity at U.S. mills has grown to its highest rate since 2009. Fariborz Ghadar, William A. Schreyer Professor of Global Management, Policies and Planning and director of the Center for Global Business Studies, said that U.S. mills can't compete with mills in countries where their currency is down, such as Belgium.

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