SEMI-MONTHLY NATIONAL AND INTERNATIONAL TOP NEWS COVERAGE FOR AUGUST 1-17, 2015

U.S. MEDIA

The ugly message behind erasing ‘Black’ from ‘Black Lives Matter’ signs

Washington Post - Aug 06, 2015 - Though outward, KKK-style bigotry is easy to point out, there are insidious streaks of discrimination that cannot be explained away by geography and economics, Harvard University economics professor Sendhil Mullainathan wrote in The New York Times earlier this year. He pointed to his own study with University of Chicago economics professor Marianne Bertrand, where identical resumes were sent out with different first names, and Emily and Greg got about 50 percent more callbacks than Lakisha and Jamal did.

For His Next Trick, Barefoot Genius Aims to End Broker Rip-Offs

Washington Post-Bloomberg - Aug 04, 2015 - Right now, “data with highly precise time stamps, which is what you need to evaluate a lot of questions about high- frequency trading and whether we have the right financial market design, ranges from hard to get to totally impossible to get,” said Eric Budish, an economics professor at the University of Chicago’s Booth School of Business who has his own proposal for market-structure reform. In Tyc’s plan, investors would be able to see whether they traded “at a price that 10 millionths or 100 millionths of a second later would have been very different.” Article also in Yahoo Finance, Brisbane Times, Sydney Morning Herald, The Canberra Times (Australia).

The Wharton & Chicago Booth MBA

CNBC (Video) - Aug 12, 2015 - Key subject areas major business schools in America are focusing on, with Howard Kaufold, The Wharton School, and Steve Kaplan, Chicago Booth. Also in Yahoo Finance and MSN Money.

Economists disagree on nonfarm payrolls

CNBC (video) - Aug 07, 2015 - CNBC's Steve Liesman; Mark Zandi, Moody's Analytics; Barbara Reinhard, Credit Suisse; Kevin Hassett, American Enterprise Institute, and Austan Goolsbee, Booth School of Business, disagree on nonfarm payrolls and the S&P rate. Also in MSN and Yahoo Finance.

Fed should wait on rate hike: Austan Goolsbee

CNBC (video) - Aug 07, 2015 - Mark Zandi, Moody's Analytics; Barbara Reinhard, Credit Suisse; Austan Goolsbee, Booth School of Business, and CNBC's Steve Liesman share their thoughts on the likelihood of GDP growth and rate hikes. Also in MSN and Yahoo Finance.

Austan Goolsbee: GOP Debate Was a Strange Event

Bloomberg (Video) - Aug 11, 2015 - University of Chicago's Austan Goolsbee weighs in on the first Republican presidential debate and the 2016 elections. He speaks on "Market Makers." Also in Yahoo Finance, Yahoo News and Yahoo Sports.

Is the U.S. ready for a Fed rate hike?

Bloomberg (Video) - Aug 11, 2015 - Austan Goolsbee of the University of Chicago Booth School of Business examines the strength of the U.S. economy and how prepared it is to handle a potential rate hike by the Federal Reserve. Also in Yahoo News, Yahoo Finance, and MSN Money.

Are Chinese Policies a Sign That Economy Is Slowing?

Bloomberg TV (Video) - Aug 11, 2015 - China devalued the yuan by the most in two decades, a move that rippled through global markets as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy. University of Chicago's Austan Goolsbee weighs in on "Market Makers." Also in Yahoo Finance, Yahoo News, Yahoo Sports, Yahoo Celebrity and MSN Money.

Thinking of doing an Executive MBA? Read This To Get Prepared

Forbes - Aug 10, 2015 - Current MBA student, Sophia Matveeva, wrote "Last year, I started my MBA at the University of Chicago Booth School of Business and wrote here about why it is a better choice than studying in a full time programme. ...A year has gone by and I am now in the middle of a very demanding programme and a very full time job. I am often asked if I would advise others to take the same path and the answer is nuanced."

The 25 Best Business Schools in the U.S. to Get an MBA

MSN Money - Aug 14, 2015 - U.S. News and World Report has ranked 126 of 464 full-time master’s programs in business using surveys collected in the fall of 2014 and early 2015. The University of Chicago Booth is rated #4. Also in Finanzen (Australia and Switzerland).

11 Huge Gifts Made to Universities by the Super-Rich Over the Past Decade

MSN Money - Aug 08, 2015 - In 2008, David Booth and his wife, Suzanne, announced a $300 million gift to the University of Chicago in the form of an up-front payment, income stream and equity interest. It is the largest donation in the university's history and to any business school in the world. The university renamed its business school the University of Chicago Booth School of Business. In a statement, Booth gave nod to one of his professors, Eugene Fama, who he has said inspired the founding of Dimensional. Fama today sits on the firm's board.

CEO pay-ratio rule likely to heat up debate on income inequality

Los Angeles Times - Aug 06, 2015 - Steven N. Kaplan, a University of Chicago professor of finance and economics, said the new rule is “largely irrelevant” and “purely political.” He said the rule, although required by Dodd-Frank, is far removed from the law's purpose of preventing future financial crises.

Chicago's major MBA schools by the numbers, including women enrollment

Chicago Tribune - Aug 14, 2015 - We asked Chicago area’s seven major programs for data on part-time and full-time students from the most recent class available, plus data on women's enrollment. What Booth graduate Erin Lenhardt (2015) would say to a prospective student about the MBA program: “Booth is the ‘Choose your own adventure’ of MBA programs, and nothing is off of the table. I arrived as an entrepreneur and career changer, and left with all the tools I needed to start and grow my business. The sky is your limit.”

Multiple choice: MBA options, prices pose tough questions

Chicago Tribune - Aug 13, 2015 - What caliber of program? If they have the grades, GMAT test scores and resumes, prospective students can consider elite programs such as the Booth School of Business at the University of Chicago or the Kellogg School of Management at Northwestern University.

An MBA experience of a lifetime: Building a company from scratch

Chicago Tribune - Aug 13, 2015 - Chicago Booth student Melissa Harris writes, "I applied to the University of Chicago’s Booth School of Business — and Booth only — to participate in the school’s New Venture Challenge, the nation’s top university-based startup accelerator." Also in Bloomberg.

MBA focus: So who's teaching those courses on entrepreneurship?

Chicago Tribune - Aug 12, 2015 - At the University of Chicago Booth School of Business, the Polsky Center for Entrepreneurship and Innovation says its faculty features tenured and adjunct professors who “collaborate with the entrepreneurial and private equity communities, and bring their own entrepreneurial experiences into the classroom.” Entrepreneurship professors include Waverly Deutch, an active angel investor and advisor to startups including PrettyQuick, which Groupon acquired this spring; Steven Kaplan, who serves on the boards of Columbia Acorn Funds, Morningstar and the Illinois Venture Capital Association; and Craig Wortmann, founder and CEO of Sales Engine.

MBA programs in U.S., Chicago strive to enroll more women

Chicago Tribune - Aug 10, 2015 - The University of Chicago’s Booth School of Business says it increased women’s MBA enrollment to 36 percent in 2014 from 26 percent in 2000. It said it expects 41 percent enrollment for its incoming class. At Booth, dean Sunil Kumar says he thinks the school has attracted more women by broadening the types of MBA degrees to include technology, marketing, analytics and consulting. “I suspect that many of our peers have also been able to draw a larger pool of women through networking platforms,” Kumar said.

How Motherhood Widens the Income Gap for Businesswomen

Chicago Magazine - Aug 05, 2015 - Marianne Bertrand, an economist at the University of Chicago, surveyed over 2,000 University of Chicago MBAs who’d graduated over a period of 16 years. She found a big pay gap between the men and the women—the mean annual salary for males was similar to the 90th percentile of annual salary for females. The main cause of that, unsurprisingly, was childbirth.

Why slow thinking wins

Boston Globe - Jul 26, 2015 -A new study from scholars at the University of Chicago, Harvard, Northwestern, and the University of Pennsylvania found that slow thinking interventions for young men living in Chicago’s most gang-ridden neighborhoods reduced their chances of becoming involved in crime and improved their school performance by up to 44 percent. Anuj Shah, a professor at the University of Chicago, who coauthored the study on Becoming a Man, notes that the students in the program learn slow thinking by becoming aware of their reflexive impulses in highly variable situations.

Presidential elections don't really matter to American consumers

Yahoo Finance - Aug 10, 2015 - Researchers Atif Mian of Princeton University, Amir Sufi of the University of Chicago and Nasim Khoshkhou of Argus Information & Advisory Services found that politics — from elections to government shutdowns — have little impact on how consumers actually spend. Also in Business Insider.

Fed gets no excuse in July jobs data: Economists

Yahoo Finance - Aug 07, 2015 - Austan Goolsbee, former chairman of the Obama Council of Economic Advisers, said he expects the Fed to hike rates next month. And if they do, policymakers will need to make sure to signal a shallow trajectory, he added. "I just hope they don't raise them too rapidly or convince the market that they're going to raise them too rapidly," said Goolsbee, a professor at the University of Chicago Booth School of Business.

Women rise to record share at Kellogg; up at Booth MBA incoming class, too

Crain's Chicago Business - Aug 05, 2015 - Kellogg's new class, totaling 492, also scored an average 8 points higher (724) on the GMAT entrance exam than last year's class did. The University of Chicago's Booth School of Business retained local bragging rights, raising its average by 2 points, to 726. Booth, whose incoming class has 585 members, made similar gains in the proportion of women students; they rose to 41 percent this year from 36 percent, the Hyde Park school said.

Northwestern's $560 million man

Crain's Chicago Business - Aug 01, 2015 - “It shows what smarts and perseverance can do. We need to have a lot more Joe Moskals,” says John Flavin, a veteran of two Chicago-area drug startups who is director of the Chicago Innovation Exchange, an incubator at the University of Chicago.


MEDIA OUTSIDE THE U.S.

Business Book Award longlist: must-read titles of 2015

Financial Times - Aug 12, 2015 - Ten years after Freakonomics, one of the first popular books on behavioural economics, made the final of the first FT book award, Richard Thaler explains how the discipline evolved in Misbehaving.

Interact with a wider circle and your ideas will take flight

Financial Times - Aug 03, 2015 - Decades ago, the University of Chicago sociologist Ron Burt showed that what matters about a social network, whether face-to-face or virtual, is neither its size nor the prominence of its contacts but the extent to which it provides exposure to people and ideas you do not already know.

Not all Indians prefer multiplexes for movies: Study

Yahoo News India - Aug 11, 2015 - Chicago Booth assistant professor of marketing Anita Rao and Stanford University professor Wesley R. Hartmann conducted the study in the densely populated cities of India where recent economic growth has led to a boom in cinema construction, particularly of multiplexes showing the same film on several small screens. "The study has implications for theatre chain owners expanding into international markets," said Rao. Article also in Business Standard, Business Wire, WebIndia123, Chennai Online, India New England, Andhra Headline, Big News Network (Australia), Hong Kong Herald and CanIndia News (Canada).

ALUMNI

VolitionRx Announces Appointment of David Kratochvil as Chief Financial Officer

CNN Money - Aug 17, 2015 - VolitionRx Limited, a life sciences company focused on developing blood-based diagnostic tests for a broad range of cancer types and other conditions, today announced the appointment of David Kratochvil as its Chief Financial Officer and Treasurer, effective August 17, 2015. Kratochvil earned a Master of Business Administration (MBA) in Finance and International Business from the University of Chicago's Booth School of Business, and he holds a Bachelor of Science in Economics (BS Econ) with specialization in Finance and Accounting from University of Pennsylvania's Wharton School. Also in Bloomberg, ABC, NBC, CBS and Fox local outlets, peHub, BioSpace.

Women with MBAs are choosing Google over Goldman Sachs

CNN Money - Aug 13, 2015 - Heather Tatroff had always wanted to be an investment banker. The allure of negotiating major corporate and financial deals sparked her interest in banking. So after getting her MBA from the University of Chicago's Booth School of Business, Tatroff was thrilled when she landed a job as an investment banker at Morgan in 2011. Despite the grueling hours, Tatroff enjoyed her job. But something was missing. Also in local ABC, CBS, NBC and Fox channels.

Nuveen Investments Hires Multi-Asset Class Solutions Expert, Derek Sasveld

Bloomberg Businessweek - Aug 17, 2015 - Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, is pleased to announce it has hired Derek Sasveld as Managing Director, Head of Multi-Asset Class Solutions. He received his MBA from The University of Chicago Booth School of Business. Article also appeared in Yahoo Finance (US, UK, Singapore and India), Morningstar News, Benzinga and Business Wire.

Goodes Family, Alzheimer's Drug Discovery Foundation Create New Prize For Researchers Working In Alzheimer's Drug Development

Bloomberg - Aug 12, 2015 - Thanks to the generosity of former Warner-Lambert CEO and Chairman Melvin R. Goodes and his family, the Alzheimer's Drug Discovery Foundation has established the only prize specifically recognizing scientists in Alzheimer's drug discovery research. Mr. Goodes earned his bachelors of commerce degree and was granted an honorary doctorate of laws from Queen's University in Kingston, Ontario. He earned a master's of business administration from the University of Chicago Booth School of Business in 1960, where he was a Ford Foundation and Sears Roebuck fellow. Article also in Yahoo Finance, Dallas Morning News, Tucson News Now, and local CBS, ABC, NBC and Fox News and radio outlets.

Integra ServiceConnect Names Michael Ceballos as Senior Vice President, Strategic Development

Bloomberg - Aug 11, 2015 - Integra ServiceConnect™, a rapidly growing healthcare services company providing community-based, non-clinical support to underserved individuals who are difficult to reach and engage, is pleased to announce the recent appointment of Michael Ceballos as Senior Vice President, Strategic Development. Mr. Ceballos earned a B.S. and M.S. degree in Civil & Environmental Engineering from Stanford University, and a Master of Business Administration degree from The University of Chicago Booth School of Business. Also in Yahoo Finance (India, Singapore), Morningstar, Benzinga, Business Wire, Technology News.

MediaAlpha Appoints New Vice President of Marketing to Build Brand Awareness and Drive Demand for MediaAlpha's Exchange Technology

Bloomberg - Aug 11, 2015 - MediaAlpha, the emerging leader in programmatic advertising technology for performance media, today announced the appointment of Jeff Navach as Vice President of Marketing, responsible for leading the company's marketing and communication activities. Navach holds an M.B.A. from The University of Chicago Booth School of Business and a B.S. in Business Economics from UCLA. Article also in Yahoo Finance, Morningstar, Benzinga, Business Wire, Technology News, International Business Times and local ABC, CBS, NBC and Fox outlets.

Grant Thornton grows national Financial Services Advisory practice

Bloomberg - Aug 11, 2015 - Paul Makowski has joined Grant Thornton LLP as a managing director in the firm's national Financial Services Advisory practice, based in Charlotte, N.C. Makowski received a master's of business administration degree from the University of Chicago Booth School of Business and a bachelor's degree in economics from Kenyon College. Article also in Yahoo Finance, Morningstar, Business Wire, Benzinga, Technology News and Digital Journal.

Option Care Names Chief Financial Officer

Bloomberg Business - Aug 05, 2015 - Option Care, an independent infusion services company, today announced the appointment of Michael H. Shapiro as Senior Vice President and Chief Financial Officer. Shapiro began his career as an audit professional with Deloitte & Touche and is a Certified Public Accountant. He earned an MBA from the University of Chicago Booth School of Business in Finance and Strategy and a BS in Accounting from Miami University (Ohio). Article also in Yahoo Finance, Morningstar, Benzinga, Business Wire.

On The Border® Names New Chief Marketing Officer

Bloomberg Business - Aug 04, 2015

On The Border Mexican Grill & Cantina™, the world's largest casual dining Mexican concept, today announced the appointment of Ashley Zickefoose to the position of Chief Marketing Officer, effective September 8, 2015. Zickefoose, who has an MBA from the University of Chicago Booth School of Business and an Honors Program degree from Texas A&M University will be responsible for overall brand management, planning and strategy, advertising and public relations initiatives, R&D and innovation. Article also in ABC, NBC, CBS and Fox local channels, Yahoo Finance and Sys-Con.

Ramblings of an Accidental Investor

Forbes India - Aug 01, 2015 - Alumnus Luis Miranda writes, "I have been fortunate to have been advised by the likes of professors Marvin Zonis and Harry Davis, when I was at Chicago Booth and successful professionals like Victor Menezes, Deepak Parekh, Jerry Rao, M Shekar Chandrashekar, Narendra Jhaveri (who passed away recently) and Vijay Kelkar."

Richardson Electronics Elects Robert J. Ben as Executive Vice President and Chief Financial Officer

Marketwatch - Aug 07, 2015 - Richardson Electronics, Ltd. today announced the election of Robert J. Ben as its Executive Vice President, Chief Financial Officer and Corporate Secretary. Mr. Ben received an MBA in Finance and Economics from the University of Chicago in 1995, and earned his undergraduate degree in Accounting from the University of Illinois in 1986.

Snap Kitchen Prepares for Further Expansion with New CEO and $22 Million Capital Raise

Yahoo Finance - Aug 04, 2015 - Snap Kitchen, a fast growing retailer powering consumers with freshly prepared, healthy takeaway meals, is pleased to announce the appointment of David Kirchhoff as Chief Executive Officer. Kirchhoff holds a B.S. in Biomedical and Electrical Engineering from Duke University and an M.B.A. with High Honors from the University of Chicago Graduate School of Business. He is also the author of the New York Times bestselling book, Weight Loss Boss (Rodale). Article also in CNBC, Dallas Morning News, local news outlets and Sys-Con.

Beth Satterfield Joins William Blair Investment Banking as a Managing Director and Head of Market Development

Chicago Tribune - Aug 07, 2015 - In this newly formed role, she will focus on strategically expanding William Blair's advisory and financing capabilities to new geographic regions, product offerings, and industries. Satterfield, a graduate of the University of Chicago Booth School of Business, brings 25 years of experience in the financial services sector in private equity, banking, leveraged finance and investment management.