MONTHLY TOP MEDIA COVERAGE FOR APRIL 2016

U.S. MEDIA

The Feud at India’s Central Bank

Wall Street Journal - Apr 29, 2016 Unlike most of his predecessors at the 81-year-old bank, Mr. Rajan earned his reputation overseas before returning to India. In 2003, the International Monetary Fund appointed Mr. (Raghuram) Rajan, a professor at the University of Chicago at the time, as its youngest-ever chief economist, and the first from a non-Western country.

The Clean Power Plan 'Stay' Could Slow Clean Energy Progress

Forbes - Apr 28, 2016 In an Op-Ed, Thom Covert, Assistant Professor of Booth, writes "Earlier this year, the Supreme Court halted implementation of the central component of the Obama Administration’s climate strategy: The Clean Power Plan. Their ‘stay’ order on the rule—which requires states to cut greenhouse gas emissions from existing electric power plans by a third by 2030—prevents EPA from enforcing a September deadline for states to either submit their emissions reduction plans or request an extension."

Italy's Empire-Builder Bazoli Bows Out at Intesa, Ending Era

Bloomberg - Apr 27, 2016 "(Giovanni) Bazoli was a little-known professor in a provincial town and in a period of major consolidation in Italian banking he came out on top of the game," said Luigi Zingales, a finance professor at the University of Chicago Booth School of Business.

Having a Bad Week? Tricks for Turning It Around

Wall Street Journal - Apr 26, 2016 At these moments, it is worth remembering that misfortune is often a random event. There is always a probability that several bad things will happen at once, says Jane. L. Risen, an associate professor of behavioral science at the University of Chicago Booth School of Business and a researcher on judgment and magical thinking.

If You Can Answer These 3 Questions, You Know More About Money Than 70% of Americans

Mic - Apr 26, 2016 "The real problem is that math skills are taught in high school and many important financial decisions come much later," Richard Thaler, Charles R. Walgreen distinguished service professor of behavioral science and economics at University of Chicago's Booth School of Business, said in a phone interview. Article also appeared in Yahoo Finance.

Is Your Broker Good or Bad?

Wall Street Journal - Apr 25, 2016 Yet another analysis, released last month by economists at the University of Minnesota and the University of Chicago (Gregor Matvos and Amit Seru), found that brokers with a history of complaints were snapped up by other firms rather than being driven out of the industry.

India’s prescient banker

TIME - Apr 22, 2016 Economic seers don’t come along too often, but Raghuram Rajan, the economist currently serving as the governor of the central bank of India, is one of them.

Are You Rude and Scream Your Head Off? You Might Be the Perfect CEO

Inc.com - Apr 22, 2016 Research conducted by two professors at the University of Chicago and the Copenhagen Business School found that among 4 characteristics of successful CEOs or potential CEOs, having great interpersonal skills is not as highly necessary as widely believed.

Overpriced Index Funds Won't Go Away

BloombergView - Apr 22, 2016 At least that's the gist of the efficient market hypothesis, which won University of Chicago economist Eugene Fama a Nobel Prize. The problem is that in practice, there are lots of information asymmetries and frictions that make markets somewhat less than perfectly efficient. To reflect this, I started referring to Fama’s thesis as the kinda-eventually-sorta-mostly-almost efficient market theory.

Can the Economy Take More Rate Hikes? Austan Goolsbee Says Maybe Not

Money-MSN.com - Apr 21, 2016 "I don't think that it was the right thing to start raising rates when they did," Goolsbee said, referring to the Fed's historic rate hike back in December, which marked the end of interest rates at crisis-era levels. "If you look at the growth rate of the economy, it's modest -- there are a lot of international risks and there is no sign of inflation." Goolsbee, now a professor at the University of Chicago's Booth School of Business, said we are back on the old Fed pattern of the last six years, which centers around forecasting additional rate hikes, but failing to pull the trigger and kicking the can down the road.

Negative feedback is sometimes for the best

Boston Globe - Apr 19, 2016 Research by Stacey Finkelstein from Columbia University and Ayelet Fishbach from the University of Chicago sheds light on this seemingly paradoxical nature of feedback by making it clear why, when, and for whom negative feedback is appropriate.

Italy Bank Lifeline Buys Time as Atlas Shows Herculean Task

Bloomberg - Apr 19, 2016 "It’s necessary to have some form of bailout to save the banking system, but at the same time you have to fix the deeper problems," says Luigi Zingales, a finance professor at the University of Chicago’s Booth School of Business. "You can’t have one without the other." Article also appeared in the Washington Post.

The Fool's Gold Standard

U.S. News and World Report - Apr 19, 2016 The Booth School of Business at the University of Chicago periodically surveys an ideologically diverse group of prominent economists on policy issues of the day. In 2012, the Booth School asked its panel of roughly 40 economists if the average American would be better off, as measured by price stability and employment, if the U.S. replaced its current fiat currency with a "dollar" defined as a fixed quantity of gold – in other words, a return to the gold standard.

Is Your Stockbroker Troubled? Here’s One Way to Find Out

New York Times - Apr 08, 2016 So now come our academics, Mark Egan of the Carlson School of Management at the University of Minnesota and Gregor Matvos and Amit Seru of the Booth School of Business at the University of Chicago. Professor Matvos said that the trio had not pursued the research with any particular thesis or agenda, just curiosity when they realized that they could run industry wide numbers.

Stanford Professor Casts Wide Blame in ‘Too Big to Fail’ Debate

Wall Street Journal - Apr 05, 2016 When Admati questioned Randall Kroszner, a professor at the University of Chicago and former member of the Federal Reserve Board of Governors, he responded by saying that she wasn't listening to what he was saying and wouldn't repeat his speech. She continued challenging him on the sidelines even after his talk was over.

How to tell if other people think you’re hot, according to science

Washington Post - Apr 04, 2016 If you’re wondering how you’re perceived by others, research actually provides some clues. In a study first published in 2010 and discussed in a new book, Nicholas Epley, a behavioral scientist at the University of Chicago, and Tal Eyal, a psychologist at Israel’s Ben-Gurion University, reveal a fascinating technique to help get inside the minds of the people around you.

Trump and Berlusconi are similar: Professor

CNBC - Apr 12, 2016 GOP presidential front-runner Donald Trump and former Italian Prime Minister Silvio Berlusconi share similar characteristics, according to an academic from the University of Chicago Booth School of Business. Four years ago, Luigi Zingales wrote that the U.S. could well see a presidential bid from a figure such as Trump. "My book was analysing the economic situation in the United States, and my conclusion was that a populist was inevitable, and the question is 'which kind of populist?'" he told CNBC at the Ambrosetti Workshop in Italy.

Predicting Donald Trump presidential bid

CNBC (video) - Apr 08, 2016 Luigi Zingales, professor at University of Chicago, predicted Donald Trump's presidential bid four years ago and says that populism was inevitable. Also in Money-MSN.com, Yahoo Finance.

Twitter and the Stock News Echo Chamber That Whips Up Volatility

Bloomberg - Apr 13, 2016 “The stale news effect is a very good example of markets not processing information with perfect efficiency,” Juhani Linnainmaa, associate professor of finance at the University of Chicago’s Booth School of Business, said in a phone interview. “It would be very difficult to find any rational explanation for what’s going on here.” Article also appears in the Washington Post.

QE, Income Inequality and the Global Rise of Populism

Bloomberg (video) - Apr 08, 2016 Luigi Zingales, of the University of Chicago Booth School of Business, discusses income inequality, quantitative easing and populist politics worldwide. He joins us from Cernobbio, Italy at the Ambrosetti Workshop and speaks with Francine Lacqua on Bloomberg Television’s “The Pulse.” Also in Yahoo Finance.

Vitriolic Presidential Rhetoric Curbing Economic Uncertainty

Bloomberg - Apr 07, 2016 Contrary to what happened in other recent elections in which incumbents weren’t in the race, uncertainty about future economic policy declined in the seven months through March, according to an index created by Northwestern University’s Scott Baker, Stanford University’s Nick Bloom and Steven Davis from the University of Chicago. Article also appeared in the Washington Post and Yahoo News.

Mark A. Tepper law firm welcomes new rules to protect Americans saving for retirement

Yahoo Finance - Apr 14, 2016 A recent academic study of FINRA's BrokerCheck system, entitled "The Market for Financial Advisor Misconduct," by Mark Egan from the University of Minnesota and Gregor Matvos and Amit Seru from the Chicago Booth School of Business, was reported in the New York Times. The Times reports that the study ranks firms with the highest percentage of brokers cited at each firm, who disclosed at least one incident of misconduct, as the researchers define it. Article also in Morningstar, Reuters and local outlets.

Where Are All the Women Execs?

Yahoo Finance - Apr 01, 2016 The article went on to quote the study’s coauthor, University of Chicago Booth School of Business professor Steven Kaplan, saying, “It could be discrimination, but it could also be that women are not choosing to go after those jobs.”

Chicago startups competing in China, where eager investors await

Chicago Tribune - Apr 06, 2016 The University of Chicago-based startup and innovation hub formed a partnership last summer with Shandong University with help from World Business Chicago. The aim was partly to give pointers to the Qingdao, China-based school on plans for its own innovation hub.

Booth gets new gift from alum Gleacher for veteran scholarships

Crain's Chicago Business - Apr 05, 2016 The University of Chicago's Booth School of Business is getting $10 million to fund scholarships for military veterans from alumnus and investment banker Eric Gleacher, whose $15 million gift in 1996 put his name on the school's downtown campus. Article also appeared in My Social News

Crowdfunded Businesses Get a Running Start

WTTW Chicago Tonight - Apr 01, 2016 Waverly Deutsch, University of Chicago: Advisers do things like help them not make the mistakes that everybody else has made, help them correct mistakes quickly and learn from them, help them really think about strategy and execution. So it’s not just, what’s the right thing to do, but exactly how are we going to do it, and connect them to resources – so make introductions to potential hires, potential funders, potential customers, things like that.

Why American workers aren't changing jobs, and what it means for the economy

Los Angeles Times - Apr 01, 2016 “It’s a big deal,” said Steven Davis, a professor at the University of Chicago Booth School of Business and expert on the subject. “For many workers, the way they build careers involves a lot of mobility, especially early in their career. On balance, it’s harder for someone to enter the job market … to move up, improve skills and raise their pay.”

MEDIA OUTSIDE THE U.S.

Raghuram Rajan’s Frank Careers Advice for Graduating Students

Wall Street Journal (blog) - Apr 22, 2016 India’s central bank governor Raghuram Rajan is known for straight talking, from his pull-your-socks-up email to bank employees earlier this year to his comments on religious intolerance. So it is no surprise that when the Reserve Bank of India governor spoke to students graduating from the National Institute of Bank Management in Pune, he delivered a frank and to the point message.

Series 2: The Whistleblower's Tale 8/10

Financial Times Start-Up Stories (podcast) - Apr 22, 2016 The interview is featured in the most recent podcast "The Whistleblower's Tale" about Somaliland-born founder of WorldRemit, Ismail Ahmed. Journalist Jonathan Moules pairs an entrepreneur with an expert and Waverly Deutsch (Chicago Booth Clinical Professor of Entrepreneurship) is the featured expert in this podcast. (The interview features 7:44 minutes into the podcast and is roughly three minutes long.)

To become CEO, being the best is not enough, we must also be nice

Yahoo Finance (France) - Apr 22, 2016 (translated) Showing that you are desperate to succeed is not necessarily the most effective way to climb the ladder. Professor Steven N. Kaplan of the University of Chicago Booth School of Business and Professor Morten Sorensen of Copenhagen Business School sought to know how CEOs are different. They also wanted to know if we could predict if he'd make a good CEO just looking at his list of qualities and skills.

To become CEO, be nice

Economie Matin - Apr 21, 2016 (translated) A study from the University of Chicago Booth School of Business, for a study on the subject, identified four criteria for determining whether a candidate for a position will soon become the company's CEO. The scores obtained by the candidates in the four dominant categories (interpersonal skills, execution capabilities, charisma and strategic skills) make it possible to predict almost certainly their professional future.

ALUMNI

Mount Carmel names layperson to head school

Chicago Tribune - Apr 29, 2016 On Monday, the board of members announced the appointment of Edward "Ned" Hughes as the new president of the school, making Hughes the first non-Carmelite to take the reins. Hughes received his degree in accounting from University of Illinois at Chicago in 1976 and completed his MBA at the University of Chicago in 1987.

How I Made It: Steve Fifield rides the ups and downs of real estate development

Los Angeles Times - Apr 25, 2016 Steve Fifield, 68, is co-founder and principal of Century West Partners, a Los Angeles developer that has nearly 1,500 luxury apartment units under construction across the region. ...While getting his MBA in the early 1970s at the University of Chicago, Fifield said his math skills convinced his professor to introduce him to Philip Klutznick, a Chicago shopping center developer who would later serve as commerce secretary in the Carter administration.

Ten Ninety Brewing Company opening in downtown Glenview

Chicago Tribune - Apr 21, 2016 On April 25th, Brian Schafer of Glenview, Jamie Hoban of Naperville and Andy Smith of Chicago will officially open their 11,000-square-foot brewery and tap room, located in downtown Glenview on Waukegan Road, across from Heinen's. Ten Ninety Brewing Co. has 19 different beers on the market, with 11 fermenting at any given time, according to Hoban, who holds an MBA from the University of Chicago, and who worked in finance and banking for 10 years.

Chicago startups rank high in Chinese pitch competition

Chicago Tribune - Apr 15, 2016 Peter Fiflis, Tovala’s lead engineer, said his company plans to pursue the option of opening an office in China. ...Tovala won the University of Chicago’s New Venture Challenge last year and was accepted into prestigious Silicon Valley-based incubator Y Combinator in November.

Signal Hill Expands Sponsor Coverage and Media Banking Teams, Hires Daniel Graves as Managing Director

Yahoo Finance - Apr 12, 2016 Signal Hill, a leading advisory boutique serving the M&A and private capital raising needs of growth companies, is pleased to announce that Daniel Graves has joined the firm's New York office as a Managing Director. He holds a B.S. in Finance and Management Science & Statistics from the University of Maryland and an MBA from the University of Chicago Booth School of Business.

City Club of Chicago: Making a Difference for Chicago Youth in 2016

WGN Radio (audio) - Apr 12, 2016 Making a Difference for Chicago Youth in 2016 – Moderated by Shari Runner – Featuring Haki Madhubuti, Juan Salgado, and Rufus Williams...Shari E. Runner is the President and CEO of the Chicago Urban League...Runner received her bachelor’s degree from Wesleyan University and her MBA from The University of Chicago Booth School of Business.

CNO Financial Group Names Gary Bhojwani President; Erik Helding Chief Financial Officer

CNBC - Apr 12, 2016 Mr. Bhojwani most recently served as a Member of the Board of Management at Allianz SE, Chairman of Allianz of America, Allianz Life Insurance Company, and Fireman's Fund Insurance Company from 2012 to 2015. From 2007 to 2012, he served as President and CEO of Allianz Life Insurance Company of North America. He earned a Bachelor of Science degree in actuarial science from the University of Illinois and an MBA with dual concentrations in finance and marketing from the University of Chicago. Article also appeared in Yahoo Finance, Bloomberg, Morningstar, Benzinga and local news outlets.

Cracker Barrel Old Country Store, Inc. Names Jill Golder as Chief Financial Officer

Yahoo Finance - Apr 12, 2016 Golder has almost 30 years of experience in the restaurant industry, most recently as Executive Vice President and Chief Financial Officer of Ruby Tuesday, Inc. Golder holds a BA from Kalamazoo College and an MBA from the Booth School of Business at the University of Chicago. Article also appeared in Yahoo Finance UK and India, Business Wire, Morningstar, Benzinga and local news outlets.

1st Capital Bank Announces Nomination of Thomas E. Meyer to Board of Directors

Yahoo Finance - Apr 11, 2016 Mr. Meyer has more than thirty five years of commercial lending and executive management experience, including seven and one half years of service as President and then as Chairman and Chief Executive Officer of Fullerton Community Bank, Fullerton, California. His background includes a wide variety of roles, including Chief Credit Officer, Chief Financial Officer, and Chief Operating Officer. Mr. Meyer earned his Bachelor of Science in Finance from the University of Illinois and his Master of Business Administration with an emphasis in Finance and Accounting from the University of Chicago.

Braintree founder turns his passion to futuristic ideas in science

Chicago Tribune - Apr 11, 2016 (Bryan) Johnson, who founded the payments processing company while a student at the University of Chicago's Booth School of Business, is now a full-time investor.

Mesirow Financial: Investment Manager Highlight

Money-MSN.com - Apr 11, 2016 Michael Miranda is senior managing director and chief investment officer (CIO) for the currency management division at Mesirow Financial. Miranda has served as CIO since 2014. He is responsible for the division's investment teams and the associated research and trading operations. Miranda completed his undergraduate education at Northwestern University before earning an MBA degree at the University of Chicago Booth School of Business. He holds the chartered financial analyst (CFA) designation.

Trax Technologies Appoints New CEO Don Baptiste

Bloomberg - Apr 06, 2016 Baptiste holds a BA in Economics from the University of Massachusetts, Amherst and an MBA with honors from the University of Chicago. He will be based in the company's Scottsdale, Ariz. headquarters. Article also appears in Yahoo Finance, Business Wire, Morningstar and local news outlets.

Honeywell Names President And Chief Operating Officer And New Leader Of Performance Materials And Technologies

MarketWatch - Apr 05, 2016 Rajeev Gautam Named As President and CEO of Honeywell Performance Materials and Technologies. Rajeev Gautam earned a bachelor's degree in chemical engineering from the Indian Institute of Technology, a master's degree in chemical engineering from Drexel University, a doctorate in chemical engineering from the University of Pennsylvania, and an M.B.A. from the University of Chicago.

Randolph S. Richards Named Chevron Treasurer

MarketWatch - Apr 05, 2016 Chevron Corporation CVX -0.46% today announced that Randolph S. Richards has been named corporate vice president and treasurer, effective May 1, 2016. Richards earned his bachelor’s degree in Industrial Engineering at Stanford in 1977 and his Master’s in Business Administration from the University of Chicago in 1979.