News Archive
Ghadar on CNBC's 'Street Signs'
December 3, 2010
Fariborz Ghadar, director of the Center for Global Business Studies, appeared on CNBC's "Street Signs" on Dec. 6 to discuss Iran's Kish Island and with host Erin Burnett. Ghadar was involved in the establishment of the Kish Island free trade zone in 1977 when he was president of the Export Promotion Center of the government of Iran.
Smeal Team Takes Second Place in Cornell Real Estate Competition
December 2, 2010
A team of Smeal College of Business undergraduate students finished in second place in the second annual Cornell Real Estate Case Competition, held Nov. 10-11 in New York.
CEO ‘Board’em: Replace With Caution
December 2, 2010
Contrary to the notion that CEO succession is generally beneficial in turnaround situations, recent research from Don Hambrick finds that it depends on the incumbent’s degree of misfit and the successor’s degree of fit. The simple act of replacing the CEO does not improve troubled firms’ performance unless the ill-suited incumbent is replaced with a new, well-suited candidate. Hambrick advises boards to think carefully before replacing their CEO in times of trouble.
Penn State Executive Programs' Custom Program Wins YPO Award
November 30, 2010
A leadership development program designed by Penn State Executive Programs for the Pennsylvania and Pittsburgh chapters of the Young Presidents' Organization (YPO) won the Best Leadership Program award for the 2009-2010 education year from the Northeast region of YPO.
Reputation and Celebrity: Firms’ Intangible Assets
November 16, 2010
Smeal’s Tim Pollock compares the effects of two intangible assets, firm reputation and celebrity, on the likelihood that a firm announces a positive or negative earnings surprise and investors’ reactions to these surprises. He says managers need to understand that their strategic actions may have lasting consequences and that all press isn’t necessarily good press.
The Foreclosure Crisis
November 8, 2010
Smeal’s Brent Ambrose takes a closer look at the housing crisis by analyzing the local housing market in Maricopa County, Ariz. He and his coauthors examine the high rates of foreclosures and how one homeowner’s decision to default may start a default cascade by causing the remaining homeowners to reevaluate their property values downward.
Goodyear Asia-Pacific President to Speak at Smeal
November 5, 2010
Pierre Cohade, president of The Goodyear Tire & Rubber Company's Asia-Pacific region, is scheduled to speak at the Penn State Smeal College of Business on Nov. 12 as a guest of the college's Leadership in Focus: Executive Insights speaker series.
Clinical Professor Joins Smeal Supply Chain Faculty
April 24, 2013
John Langley Jr. is joining the Smeal College of Business faculty as clinical professor of supply chain management and director of development for the Center for Supply Chain Research. A Penn State alumnus with three degrees from the University, Langley returns to his alma mater from the Georgia Institute of Technology.
Smeal Launches Faculty/Staff Fundraising Campaign
October 28, 2010
The Smeal College of Business has officially launched its faculty and staff initiative of For the Future: The Campaign for Penn State Students with the creation of a new scholarship, announced at the initiative's official kickoff on October 7.
President of Largest U.S. Real Estate Company, Simon Property Group, to Speak at Smeal
October 28, 2010
Penn State alumnus Richard Sokolov, president and chief operating officer of Simon Property Group, Inc., will deliver this year's Advance Realty Group Real Estate Lecture at the Smeal College of Business on Nov. 5. Sokolov's talk will begin at 10:10 a.m. in 108 Business Building. The lecture is free and open to the public.