MONTHLY TOP MEDIA COVERAGE FOR MARCH 2016

U.S. MEDIA

Crazy About Money

New York Times - Mar 25, 2016 When members of a large bipartisan panel on economic policy, run by the University of Chicago business school (IGM), were asked whether a gold standard would be an improvement on current arrangements, not one said yes.

Same speech, different economy?

CNBC - Mar 29, 2016 CNBC Senior Contributor Larry Kudlow; Austan Goolsbee, University of Chicago Booth School of Business professor and strategic partner at 32 Advisors; and CNBC's Steve Liesman react to Janet Yellen's speech at the Economics Club of New York. Also appearing on Yahoo Finance US and UK, Yahoo News, and Money--MSN.com.

Smart beta not quite as clever as marketed

CNBC - Mar 28, 2016 Pete Hecht, chief market strategist for Evanston Capital Management, tested this theory using the formulas used in 1991 in a seminal paper by Gene Fama, the University of Chicago economist who won a Nobel Prize for his work on markets. This identified the value effect using three different measures of valuation.

Economists Are Warming to Government Intervention

Bloomberg View - Mar 30, 2016 In a 2013 paper, economists Paola Sapienza and Luigi Zingales compared a survey of the general public to a poll of top academic economists. Both surveys are administered by the University of Chicago’s Booth School of Business. While they found substantial disagreement between economists and the general public, it was definitely not the case that normal folks were more interventionist than the experts. Article also appears in Crain's Chicago Business.

Becker Friedman Institute Program Spurs Health Economics Research

Yahoo Finance - Mar 28, 2016 The University of Chicago Becker Friedman Institute for Research in Economics is launching a Health Economics Initiative to support and promote inquiry that will enhance fundamental knowledge of health care markets and the impact of policies and long-term forces shaping those markets.

30 Tips For Your MBA Admissions Success

Forbes - Mar 31, 2016 5. “Don’t settle for the ordinary — by definition a stretch school is within reach and by stretching yourself you will improve your reach. Believe in yourself, so that the admissions office can believe in you.” – Julie Ferguson, Chicago Booth

Economists Weigh the Pros and Cons of a $15 Minimum Wage

ABC 7 Eyewitness News - Mar 31, 2016 Last September the Booth School of Business at the University of Chicago polled 42 economists about a $15 minimum wage hike -- but there was no clear consensus about whether the wage increase would affect the unemployment rate for low-wage U.S. workers. Also appearing on local ABC affiliates.

It’s not Fed ‘dot plot’ that’s confusing; it’s the whole idea of forward guidance

MarketWatch - Mar 30, 2016 In a report prepared for a monetary policy forum at The University of Chicago Booth School of Business last month, five academic and Wall Street economists advocated scrapping “time-based guidance” in favor of a “data-based reaction function,” laying out how the Fed would adjust interest rates based on certain information. Article also appeared in MSN.com.

Can Spending Money on Others Be Good for Your Health?

Today.com - Mar 28, 2016 "Overspending on this one item isn't [typically] just overspending on this one item," says Abigail Sussman, a co-author of the study and assistant professor of marketing at the University of Chicago Booth School of Business.

What You Need to Know About the Productivity Slump

Fortune - Mar 25, 2016 Two recently published papers, one from the University of Chicago (Chad Syverson) and the other from Federal Reserve economists, contend that U.S. GDP would be $3 trillion higher, up 17%, had we maintained the 2.8% productivity growth rate of the late ’90s and early aughts.

Scientists say 4 characteristics could predict whether you'll become a CEO — and they don't include people skills

Business Insider - Mar 25, 2016 According to a new study led by Steven N. Kaplan at the University of Chicago Booth School of Business and Morten Sorensen at Copenhagen Business School, there are four key characteristics that can predict whether you'll become a CEO: general ability, execution skills, charisma, and strategic skills. Article also in Business Insider (UK, Singapore, Australia, Malaysia), Yahoo Finance (US, UK and India), Bullfax (Bulgaria).

Having These 4 Traits Means You're More Likely to Become CEO—Unless You're a Woman

Fortune - Mar 25, 2016 What they found was that the “CEO candidates looked very different from everyone else,” says Steven Kaplan, the University of Chicago professor who co-authored the study. Even those candidates applying for positions other than the executive role at the time of the study (which took place over the course of ten years, between 2001 and 2011) but who “looked” like CEOs, tended to end up in that role eventually, he says. Article also in Yahoo Finance.

Scottie Pippen was scammed by his adviser. Here’s how to learn from his experience.

The Washington Post - Mar 24, 2016 “It’s worth spending a little time to research who you’re dealing with,” says Gregor Matvos, an associate professor of finance for the University of Chicago Booth School of Business, who co-authored a report on misconduct by financial advisers. Article also appeared in Chicago Tribune.

10 MBA Programs Where Grads Score the Highest Signing Bonuses

U.S. News & World Report - Mar 24, 2016 Meanwhile, the business school ranked No. 1, Harvard University, had the eighth-highest average signing bonus. The University of Chicago's Booth School of Business, which tied for No. 2 in the rankings with Stanford University, was fifth on the list.

Is your financial adviser ripping you off?

USA Today - Mar 21, 2016 Academics Mark Egan, Gregor Matvos and Amit Seru at the University of Minnesota and University of Chicago business schools recently released some eye-opening findings in a report titled "The Market for Financial Misconduct."

When will the Fed raise rates?

CNBC - Mar 21, 2016 Randy Kroszner, professor of economics at the University of Chicago's Booth School of Business, says the Fed is waiting for more evidence of inflation. Also in Yahoo Finance/News.

‘Never say never’ on negative rates: Fmr Fed gov

CNBC - Mar 21, 2016 Negative interest rates may seem an unlikely course of action for the U.S. Federal Reserve, but former Fed governor Randy Kroszner told CNBC Monday that he wouldn't rule out the possibility after experiencing the financial crash.

Recessions usually follow rise in household debt' [Khaleej Times, Dubai, United Arab Emirates]

Bloomberg - Mar 18, 2016 Speaking at the dunia Knowledge Series, (Amir Sufi) the Bruce Lindsay Professor of Economics and Public Policy at the University of Chicago Booth School of Business, explained that basic research has shown that one of the strongest predictive signs of an economic downturn in any country is a rapid explosion of household debt, usually associated with a housing boom.

Can Big Data Help Measure Inflation?

The Atlantic - Mar 18, 2016 The project, which tracks billions of online transactions and the prices of over a million products, was developed with the help of the economists Austan Goolsbee, the former chairman of Obama’s Council of Economic Advisors and a professor at the University of Chicago’s Booth School of Business, and Peter Klenow, a professor at Stanford University.

'What Carbon Bubble?' Says Oil Company Economist

Forbes - Mar 17, 2016 “Companies are valued on their proved reserves,” (Marianne Kah, ConocoPhillips chief economist) told about 50 people Wednesday afternoon at the University of Chicago Booth School of Business, “and no company has more than maybe six years of proved reserves, seven at the most."

How many bad brokers could there be? Don't play the percentages

Money-MSN.com - Mar 17, 2016 But here's a big-time reality check: The distressing results of research by University of Minnesota's Mark Egan and University of Chicago's Gregor Matvos and Amit Seru. The professors pulled together ten years of disciplinary information on 644,000 current and 638,000 former brokers and registered investment advisers and presented them in a March 1 working paper, "The Market For Financial Adviser Misconduct."

Brevity Is Key in MBA Essays

U.S. News & World Report - Mar 17, 2016 Business schools are also experimenting with different formats for the essay. The University of Chicago Booth School of Business asked applicants for entry this fall to pick one of 16 school-related photos to use as a jumping-off point to discuss "why the Booth community is the right fit for you" and told them to "feel free" to submit a slide presentation or "any format that you feel best captures your response."

Can Fed Policy Stay Ahead of Inflation?

Bloomberg TV - Mar 16, 2016 University of Chicago Professor Randy Kroszner discusses the U.S. economy and Fed policy. He speaks on "Bloomberg Markets." Also on Yahoo Finance (US, UK and Ireland).

Mixed results for Chicago-area grad schools in latest U.S. News rankings

The Chicago Tribune - Mar 16, 2016 The University of Chicago's Booth School of Business rose two spots to tie for the nation's second-best business school, while the university's law school retained its tie for the fourth spot on the law listing. Also in Bloomberg News.

U.S. News Releases 2017 Best Graduate Schools Rankings

U.S. News & World Report - Mar 16, 2016 Harvard Business School landed at No. 1 for MBA programs, taking the spot previously held by Stanford University's Graduate School of Business, which tied for second with the Booth School of Business at the University of Chicago (last year, Booth was at 4th).

Op-Ed Trump is completely wrong about the U.S. trade deficit

Los Angeles Times - Mar 16, 2016 Virtually all economists support free trade and oppose protectionism. For example, a 2014 University of Chicago survey (IGM) found that 93% of the country's top economists agreed with the statement “Past major trade deals have benefited most Americans” and none disagreed (7% were uncertain).

Goodman, Part I: Repeal-Obsessed Republicans Don't Understand Obamacare Is Kind Of A Gift

Forbes - Mar 16, 2016 And to make insurance markets work, we are borrowing an idea that actually was first publicized here at the Cato Institute by an economist at the University of Chicago, named John Cochrane. He called it health-status insurance.

Will the Fed move today?

CNBC - Mar 16, 2016 Randall Kroszner, professor of economics at University of Chicago, discusses the views from both sides of the fence. Also appeared in Money-MSN.com and Yahoo News.

ChicagoMade effort at SXSW lively but limited

Chicago Tribune - Mar 15, 2016 There were three local winners at the SXSW pitch competitions...Riviter, a Booth School of Business online retail intelligence startup, won the MBA pitch competition.

What Bernie Sanders would do to America

The Washington Post - Mar 15, 2016 Luigi Zingales, an Italian economist now at the University of Chicago, contrasts high-tax, high-trust socialist countries such as Denmark and Sweden with high-tax, low-trust countries where populations are ethnically and culturally diverse, politics are fractious and government is incompetent and corrupt. “The danger for the United States is that it would wind up looking more like Italy and Greece than Denmark and Sweden,” Zingales said.

Syverson: America has a productivity problem

Bloomberg - Mar 11, 2016 University of Chicago Booth School Professor Chad Syverson says that a productivity slowdown has hit almost all developed economies. He joins Tom Keene and Michael McKee on Bloomberg Surveillance.

The Fed Shouldn't Watch the Calendar

Bloomberg View - Mar 11, 2016 By Frederic S. Mishkin & Amir Sufi: The U.S. Federal Reserve faces a daunting task as it moves away from near-zero interest rates: communicating its plans without unduly shaking up financial markets.

Lindsey: Low interest rates buy time, but don't force structural reform

Fox - Mar 10, 2016 Austan Goolsbee, former Senior Economic Advisor under President Obama, and The Lindsey Group CEO Lawrence Lindsey on the fiscal reforms needed to improve the U.S. economy.

An MBA’s ‘Futuristic’ Meal Delivery Startup

Poets & Quants - Mar 10, 2016 Months after graduating with his MBA from the University of Chicago Booth School of Business, David Rabie had a problem. His packaged chicken pozole stew was leaking.

More choice for consumers can hurt the bottom line

Science Daily - Mar 10, 2016 Big retailers typically pack their shelves with competing versions of the same products intent on attracting a wider variety of customers and gaining market share. But new research from the University of Chicago Booth School of Business suggests there is a fine line between offering consumers choice and creating costly confusion.

Notable & Quotable: Larry Summers

The Wall Street Journal - Mar 09, 2016 From a speech at the University of Chicago Booth School of Business by Larry Summers, Harvard economist and former U.S. Treasury secretary, March 1:

Gamblers, judges and baseball umpires constantly make this dumb mistake

The Washington Post - Mar 09, 2016 What’s happening here reveals a common misunderstanding of probability, explains Kelly Shue, one of the paper’s authors and an assistant professor of finance at the University of Chicago.

2017 Best Graduate Schools Preview: Top 10 Business Schools

U.S. News & World Report - Mar 09, 2016 U.S. News surveyed 470 accredited master's programs in business. In alphabetical order, here are the top 10 full-time MBA programs. University of Chicago (Booth)

Commentary: Is America a 'Nation on the Take'?

Yahoo! - Mar 09, 2016 Luigi Zingales, a conservative economist at the University of Chicago Business School and author of A Capitalism for the People, compellingly documents how the system of lobbying and legislative favors is dangerously reducing economic competitiveness and opportunity.

More Venture Investors Are Sitting on the Sidelines

Bloomberg/Yahoo! - Mar 09, 2016 “When you have a fund, there’s a real pressure to put the money to work,” says Steve Kaplan, a professor at the Chicago Booth School of Business who specializes in VC and entrepreneurship.

These Three Apps Will Compete for $10K In University of Chicago's App Challenge

Chicago Inno - Mar 09, 2016 Though UChicago Booth has a long history of producing startups, their app challenge is open to members of the university community who aren't usually involved in tech and entrepreneurship.

We were promised jetpacks and flying cars, and all we got was this lousy chart

The Washington Post - Mar 09, 2016 "You add up all that stuff, and it just doesn't account for a lot of economic activity," said Chad Syverson, an economist at the University of Chicago who has also studied productivity. "There are so many other parts of the economy that aren't directly or even indirectly affected by the tech sector."

Working Four Shifts a Day... And Lucky

Huffington Post - Mar 08, 2016 "Paradoxically, wives who earn more also do significantly more housework and child care than their husbands do, perhaps to make their husbands feel less threatened," say economists Marianne Bertrand and Emir Kamenica of the University of Chicago and Jessica Pan of the National University of Singapore in a study detailed in a recent New York Times article.

You Deserve a Better Financial Adviser

Bloomberg - Mar 08, 2016 “Financial advisers are often perceived as dishonest, and consistently rank among the least trustworthy professionals.” So proclaims the Capital Ideas Blog of the University of Chicago’s Booth School of Business in a post about a new study that finds that 7 percent of advisers have been disciplined for misconduct.

Regulating monetary policy when money is very different

Marketplace - Mar 08, 2016 “It’s definitely exciting because it could transform the way people make payments. It could transform the way people get credit,” said Randall Kroszner, who was a Federal Reserve governor during the worst of the financial crisis.

Silicon Valley Has Not Saved Us From a Productivity Slowdown

The New York Times - Mar 07, 2016 But now Chad Syverson, a professor of economics at the University of Chicago Booth School of Business, has looked more scientifically at the evidence and concluded that the productivity slowdown is all too real. These results are outlined in his recent National Bureau of Economic Research working paper “Challenges to Mismeasurement Explanations for the U.S. Productivity Slowdown.”

Female lawyers say they have experienced strong gender bias in their profession

McClatchy-Tribune/Bloomberg - Mar 07, 2016 In the business field, researchers at the University of Chicago Booth School of Business, Northwestern University's Kellogg School of Management and the Columbia Business School found that male MBAs earn $175,000 on average in their first year after graduation, while female MBAs earn $149,000.

Your adviser might be hiding something

USA Today - Mar 07, 2016 To arrive at their conclusions, Egan and his Booth School of Business co-authors Gregor Matvos and Amit Seru scanned the records of advisers registered in FINRA's database over the last decade — including more than 600,000 active professionals.

Beware of your financial adviser

The Washington Post - Mar 07, 2016 Economists Mark Egan, Gregor Matvos, Amit Seru released a sobering working paper last week that explores this question. These authors conduct an ingenious analysis of a unique BrokerCheck dataset that covers 644,277 currently-registered financial advisors in the United States, and an additional 638,528 who have left the industry between 2005 and 2015.

MBA News: MBA Rankings, Toughest B-School Applications

Beat the GMAT - Mar 07, 2016 Stanford GSB, Chicago Booth, Kellogg, and INSEAD were also really tough. Many said Wharton and Tuck were the least challenging. (Poets&Quants)

Feb. jobless rate 4.9%

CNBC - Mar 04, 2016 Jeffrey Rosenberg, BlackRock; Austan Goolsbee U. of Chicago, and CNBC's Rick Santelli and Steve Liesman provide reaction to Friday's employment report.

Productivity key to jobs data: Economist

CNBC - Mar 04, 2016 Kate Moore, J.P. Morgan Private Bank; Douglas Holtz-Eakin, American Action Forum; Austan Goolsbee U. of Chicago, and Diane Swonk, DS Economics, share their reaction.

Should You Trust Your Financial Adviser? Maybe Not

MSN - Mar 04, 2016 The sobering findings are detailed in a working paper titled “The Market for Financial Adviser Misconduct.” The paper out of the University of Chicago and University of Minnesota ranks Oppenheimer & Co. as the No. 1 offender.

The Social Value of Small Talk

Huffington Post - Mar 04, 2016 Nicholas Epley, a professor of behavioral science at the University of Chicago, takes it a step further. He agrees with Aristotle's famous argument that "man is by nature a social animal." He has observed that feeling socially connected increases happiness and health, whereas feeling disconnected is depressing and unhealthy. His research supports these observations.

The 10 Financial Companies That Need to Win Back Your Trust

MSN - Mar 04, 2016 One in 13 advisers has a misconduct record, according to a new study from the University of Chicago Booth School of Business. Misconduct ranges from putting clients into questionable investments to making trades and other investment decisions without client approval.

How women's dislike of competition affects gender pay gap

Chicago Tribune - Mar 04, 2016 While prior studies have shown that women have less of a taste for competition than men, this report — a working paper from researchers at the University of Chicago Booth School of Business, Northwestern University's Kellogg School of Management and Columbia Business School — overlaid that data with job choice, earnings and career progression among a high-performing group of men and women with similar smarts.

Elizabeth Warren: Bad Behavior Is Still Too Common Among Financial Advisors

The Atlantic - Mar 04, 2016 Warren’s questions were pointed, but for good reason: During the hearing she brought up a new study, from the University of Chicago’s Booth School of Business and the University of Minnesota, that found misconduct to be alarmingly frequent among financial advisors.

A new study confirms your worst suspicions: Financial firms prey on “unsophisticated” consumers

Quartz - Mar 03, 2016 About one in 14 financial advisers (7.3%) in the US have engaged in misconduct at least once in their careers, according to researchers from the University of Chicago who looked at the records of 1.2 million stockbrokers and investment advisers registered to work in the US from 2005 to 2015.

Time Capsule: A Photo History of Business Education

BizEd Magazine - Mar 03, 2016 Today, the CRSP at Chicago Booth provides data for investment managers, as well as scholarly researchers at 470 academic institutions in 35 countries.

Why you should second guess your financial adviser

The Washington Post - Mar 03, 2016 Finding such high rates of misconduct at well-known firms could be a sign that not enough investors are checking their advisers before they agree to do business with them, said Gregor Matvos, associate professor of finance for the University of Chicago Booth School of Business. “There’s a segment of the population that doesn’t know this information is out there,” Matvos said.

30 Startups Move Forward in University of Chicago's New Venture Challenge 2016

ChicagoInno - Mar 03, 2016 "From fashion tech, to an easier way to learn a foreign language, to the potential next craze in boutique fitness — these companies are aiming to join the great company of past NVC winners this spring," said the Polsky Center for Entrepreneurship at UChicago in a Medium post announcing the startups moving forward.

New study ranks Raymond James among top ten firms for financial adviser misconduct

Tampa Bay Times - Mar 03, 2016 "The Market for Financial Adviser Misconduct" analysis, issued late last month, is the work of business professors at the University of Minnesota and University of Chicago business schools.

Study: Some 20% Of Financial Advisers Cited For Misconduct

MSN - Mar 03, 2016 "It's everywhere, not just small firms. It is pervasive," said Amit Seru, a finance professor at the University of Chicago's Booth School of Business and a co-author of "The Market for Financial Adviser Misconduct."

Your advisor might be hiding something from you

CNBC - Mar 03, 2016 To arrive at their conclusions, Egan and his Booth School of Business co-authors Gregor Matvos and Amit Seru scanned the records of advisors registered in FINRA's database over the last decade — including more than 600,000 active professionals.

Ever check your financial advisor's history? You should

CBS News - Mar 03, 2016 "What surprised me is this is a very competitive industry, and there are a lot of firms and this information is very easily accessible," said Gregor Matvos, one of the authors of the study and an associate professor of finance at the University of Chicago.

Coveted Job Title for M.B.A.s: Product Manager

The Wall Street Journal - Mar 03, 2016 B-school graduates have been gravitating to technology companies for several years, often in marketing and finance roles. Product management has special appeal because students feel the job has a tangible impact on a company, said Stacey Kole, deputy dean for the full-time M.B.A. program at the University of Chicago’s Booth School of Business.

This is how unethical financial advisers can get away with it

The Washington Post - Mar 02, 2016 Economists Mark Egan, Gregor Matvos and Amit Seru have an eye-opening new academic research paper on the “market for financial adviser misconduct.” They use data on all 1.2 million people who registered as financial advisers between 2005 and 2015 and come up with some startling results.

Trump's campaign a product of Obama's presidency?

Fox - Mar 02, 2016 Former Obama Economic Advisor Austan Goolsbee on Donald Trump's campaign.

Brokers Behaving Badly

Bloomberg - Mar 02, 2016 That is one of the key findings of a study of broker misconduct by professors at the business schools of the University of Chicago and University of Minnesota. The study, titled "It Just Got Even Harder to Trust Financial Advisers," reviewed broker disciplinary records from 2005 to 2015 stored in the Financial Industry Regulatory Authority's BrokerCheck database, covering almost 4,000 securities firms employing about 640,000 brokers.

Does a Carbon Tax Work? Ask British Columbia

The New York Times - Mar 02, 2016 Look at it this way. A study by Michael Greenstone and Thomas Covert of the University of Chicago and Professor Knittel concluded that at current battery prices, for an electric vehicle to be cheaper to run than a gas-power car, oil would have to cost $350 a barrel. Last year, it averaged $50. To make up the difference would require a carbon tax of $700 a ton of carbon dioxide.

Why Trump Now?

The New York Times - Mar 02, 2016 The share of the gross national product going to labor as opposed to the share going to capital fell from 68.8 percent in 1970 to 60.7 percent by 2013, according to Loukas Karabarbounis, an economics professor at the University of Chicago’s Booth School of Business.

Here's why a lot of economists hate the idea of free public college

Business Insider - Mar 02, 2016 "A lot of the benefits go to people who have money," Steve Kaplan, a professor at the University of Chicago, told "Planet Money," reflecting Maskin's sentiment.

Why the VC’s Are Alright—And Always Will Be

Fortune - Mar 02, 2016 Although research coauthored by University of Chicago professor Steven Kaplan shows that “better performing partnerships are more likely to raise follow-on funds and larger funds,” it is nonetheless the case that there are diminishing returns to performance, “so top performing partnerships grow proportionally less than average performers.”

Top 10 Universities with the Most Famous Professors

College Magazine - Mar 02, 2016 The Booth School of Business’ faculty includes Nobel Laureates Eugene Fama, Christian Leuz and Richard Thaler. Over at the Graham School of Continuing Liberal and Professional Studies, film critic Roger Ebert had been lecturing students on film for over 37 years.

These Top Economists Want Janet Yellen to Stop Talking

Fortune - Mar 02, 2016 So say some of Wall Street’s most prominent economists. In a recent paper, David Greenlaw of Morgan Stanley, Peter Hooper of Deutsche Bank, Michael Feroli of J.P. Morgan Chase, Frederic Mishkin of Columbia University, and Amir Sufi of the University of Chicago encourage Yellen and other central bankers to change the way they communicate.

Fed rate U-turn? Not likely, analysis shows

CNBC - Mar 01, 2016 - "It's far more likely that they'll have to reverse themselves as a number of other countries have, like Sweden and others, where they raise the rates thinking it'll be fine and then have to drop it," University of Chicago economist Austan Goolsbee, a former Obama advisor, told CNBC last month.

Savers Beware: Study Names 10 Firms With The Highest Rates Of Financial Adviser Misconduct

International Business Times - Mar 01, 2016 - “The firms with more misconduct are located in areas with less educated people and more elderly population,” said University of Chicago Booth School of Business associate professor Gregor Matvos, one of the study’s authors. “It's the business model in who they interact with.”

It Just Got Even Harder to Trust Financial Advisers

Bloomberg - Mar 01, 2016 - "It's everywhere, not just small firms. It is pervasive," said Amit Seru, a finance professor at the University of Chicago's Booth School of Business and a co-author of "The Market for Financial Adviser Misconduct."

MEDIA OUTSIDE THE U.S.

Where has all the productivity gone? Search the internet

Financial Times - Apr 05, 2016 Chad Syverson of the Chicago Booth School of Business calculates that even on the most generous assumptions, only about one-third of the productivity gap can be explained in this way.

The internet and the productivity slump

Financial Times (blog) - Apr 04, 2016 Chad Syverson at the Chicago Booth School of Business has done the numbers on this. He calculates that the productivity slowdown in the US is equivalent to about $2.7 trillion of lost output per annum by 2015.

Savvy millennials reveal GMAT strategies

Financial Times - Apr 04, 2016 Chicago’s Booth School of Business has seen 14 consecutive years of increasing GMAT averages, reaching 726 last year. This is not just due to students performing better, but a reflection of the school’s success in attracting better performing students, says Stacey Kole, Booth’s deputy dean of the full-time MBA programme. “The whole GMAT exam is really designed to see whether the student can do the work we will set them,” she says.

How to avoid the wrong financial adviser

Financial Times - Mar 31, 2016 According to a working paper by professors from the University of Chicago Booth School of Business and the University of Minnesota released in early March, about 7 per cent of US financial advisers had a past history of misconduct.

When personal and professional lives collide

BBC Capital - Mar 25, 2016 "Clearly, your office culture has discouraged people from drawing close to one another and building trust. That’s a problem, because you’ve created a divide between personal and professional lives. What you ought to be doing is drawing a finer distinction between the intimate and the personal," said John Paul Rollert, an adjunct assistant professor of behavioural science at the University of Chicago’s Booth School of Business.

Smart beta not quite as clever as marketed

Financial Times - Mar 25, 2016 Mr. Hecht tested this theory using the formulas used in 1991 in a seminal paper by Gene Fama, the University of Chicago economist who won a Nobel Prize for his work on markets. This identified the value effect using three different measures of valuation.

Valley VCs Sit on Cash, Forcing Startups to Dial Back Ambition

Bloomberg China - Mar 24, 2016 “When you have a fund, there’s a real pressure to put the money to work,” says Steve Kaplan, a professor at the Chicago Booth School of Business who specializes in VC and entrepreneurship.

How much is that doggy?

The Economist - Mar 18, 2016 Adobe, a technology firm, is trying to do just that. The firm collects anonymised sales data from websites that use its software. The amount of data available is vast: according to the firm, it includes three-quarters of online spending at America’s top 500 retailers. It is using this ocean of information to compile a “digital price index” (DPI) to rival official measures of inflation. Two economists, Pete Klenow of Stanford University and Austan Goolsbee of the University of Chicago, are helping the firm to crunch the numbers.

Doing less with more

The Economist - Mar 18, 2016 Chad Syverson of the University of Chicago estimates that the productivity slump has cost America about $2.7 trillion in lost output since 2004, or about $8,400 for every American.

Can Fed Policy Stay Ahead of Inflation?

Bloomberg TV - Mar 16, 2016 University of Chicago Professor Randy Kroszner discusses the U.S. economy and Fed policy. He speaks on "Bloomberg Markets." Also on Yahoo Finance (US, UK and Ireland).

Europe’s business schools adopt US art of big fundraising

Financial Times - Mar 15, 2016 "The driving force in the US is the increasing cost of fees and the resulting need to offer scholarships both to maintain the diversity of students and lure the best talent from rival schools," says Joseph Buck, Booth’s associate dean for the office of advancement.

Unique challenge provides new approach to education and networking for finance students

The Times of India - Mar 09, 2016 The Oxford Chicago Global Private Equity Challenge, which partners the Private Equity Institute at Oxford Said with the Polsky Centre for Entrepreneurship of the University of Chicago Booth School of Business, is a pioneering approach to networking and learning.

Start-up studies: Learning to be an entrepreneur

Livemint - Mar 07, 2016 Besides revamping its two certificate courses, IIM Bangalore, for instance, is ready to make entrepreneurship education part of its flagship postgraduate programme from the coming academic year. Chicago Booth School of Business is looking to offer a customized programme aimed at the growing start-up community in the country through its University of Chicago centre in India.

Should central banks offer timelines for monetary policy?

The Economist - Mar 01, 2016 But what is the best way to deploy it once interest rates are rising? A new paper, presented last week at Chicago Booth’s Monetary Policy Forum in New York, argues that in normal times, not all central bank promises are equal.

ALUMNI

Apple Bank Elects New Chairman, President And Chief Executive Officer

Bloomberg - Mar 31, 2016 Apple Bank for Savings has announced that Steven C. Bush, currently Apple Bank's Executive Vice President and Chief Operating Officer, has been elected by the Board of Directors to succeed Alan Shamoon as the Bank's Chairman, President and Chief Executive Officer. Bush holds an MBA from the University of Chicago and a BA from the University of Cincinnati. Article also appears in Yahoo Finance, Morningstar, and local news affiliates.

Michael D. Johnson Named Provost At Babson College

Yahoo News - Mar 31, 2016 Johnson earned his PhD in behavioral science and marketing from the University of Chicago in 1983, his MBA in marketing from the University of Chicago in 1980, and his BS in economics and psychology from the University of Wisconsin - Madison in 1978.

Children's Minnesota Foundation board welcomes five new members

Bloomberg - Mar 31, 2016 Children's Minnesota is pleased to announce the appointment of J. Hayes Batson to its Foundation board. While serving on Children's Minnesota's Governance board Mr. Batson participated on the quality committee, and currently is on the governance and executive committees. He received his MBA from the University of Chicago's Booth School of Business and his bachelor's degree from Kenyon College in Gambier, Ohio. Article also appeared in Yahoo Finance.

Ambac Appoint David Herzog and Ian Haft as New Independent Directors

Bloomberg - Mar 29, 2016 Ambac Financial Group, Inc. (Nasdaq:AMBC), a holding company whose subsidiaries, including Ambac Assurance Corporation, provide financial guarantees and other financial services, today announced the appointment of David Herzog and Ian Haft to Ambac’s Board of Directors. Mr. Herzog is retiring next month as the Chief Financial Officer of AIG, a role he has held since 2008. Mr. Herzog earned a Bachelor's Degree in Accounting from the University of Missouri-Columbia and an M.B.A. in Finance and Economics from the University of Chicago. Article also in CNBC, Nasdaq, Yahoo Finance, Morningstar and Reuters.

Oncothyreon Appoints Scott D. Myers Chief Executive Officer

Bloomberg - Mar 29, 2016 Oncothyreon Inc. (NASDAQ:ONTY), a clinical-stage biopharmaceutical company dedicated to the development of therapeutic products to improve the lives and outcomes of patients with cancer, today announced the appointment of alumnus Scott D. Myers as President, Chief Executive Officer and a member of the Board of Directors, effective April 4, 2016. Article also in Yahoo Finance, Morningstar and Reuters. 

Mount Tam Biotechnologies, Inc. Announces the Appointment of Richard Marshak as CEO

Bloomberg - Mar 24, 2016 Dr. Marshak holds VMD and BA degrees from the University of Pennsylvania and an MBA from the University of Chicago's Booth School of Business. Article also in Yahoo Finance, Morningstar, SYS.com, Benzinga.

Madalena Energy Inc. Announces Executive and Board Changes

Bloomberg - Mar 24, 2016 Madalena is pleased to announce the appointment of Eric Mark to the Board effective immediately. Mr. Mark, an independent director, is currently a Managing Director at Batuta Capital Advisors, a merchant bank targeting middle market and special situation opportunities in both the public and private markets. In 1997, Mr. Mark received his MBA from the University of Chicago with concentrations in finance, international business and statistics. Article also in Yahoo Finance, Money, Morningstar, Reuters, SYS.com.

Ramblings of an Accidental Investor

Forbes India - Mar 24, 2016 Alumnus Luis Miranda writes, "Marvin Zonis, my professor at Chicago Booth, and Mike Kaufman recently co-authored an article, ‘Donald Trump and The Great Escape from Humiliation’. They argue that Trump appeals to Americans who, over the past 15 years, feel humiliated."

Cotton Creek Capital Promotes Lee Rash to Director

Bloomberg - Mar 23, 2016 Cotton Creek Capital, a Texas-based private equity firm focused on lower middle market companies, is pleased to announce the promotion of Lee Rash to Director. Mr. Rash attended the University of Chicago Booth School of Business and earned a Master of Business Administration degree, with a concentration in economics and finance. Article also in Yahoo Finance, Morningstar, Reuters, SYS.com.

George Rinder, longtime Marshall Field & Co. executive, dies at 95

Chicago Tribune - Mar 22, 2016 Born in Chicago, Rinder grew up in the Hyde Park and South Shore neighborhoods. He attended the University of Chicago Laboratory Schools for grade school and high school, where he participated in wrestling, then attended the U. of C., where he earned an MBA.

4 Stats to Measure Before Signing Up for an MBA

U.S. News & World Report - Mar 22, 2016 As a young professional working at the International Finance Corporation, an arm of the World Bank, Bruno de Faria had a solid career but worried his business acumen was weak. "I looked at my salary going away, our incremental expenses and then what would be the expected salary that I'd get after graduation. So, that would be the return," says de Faria, whose wife worked while he was an MBA candidate at the University of Chicago's Booth School of Business.

Rick Smith: The Ability To Learn Is More Important Than Experience

Forbes - Mar 21, 2016 I spoke to Rick Smith, the CEO and Founder of TASER, about his leadership style, what he looks for when hiring for his company, why he started his company in the first place, how he manages his time between family and business obligations and his best advice to you. Rick graduated from Harvard Cum Laude, received his MBA from the University of Chicago with a master’s degree in international finance from the University of Leuven in Leuven, Belgium.

Silicon Valley May Want MBAs More Than Wall Street Does

Bloomberg - Mar 18, 2016 Twenty-four of 67 companies in the S&P 500’s Information Technology Sector Index are led by chief executives with MBAs or equivalent degrees. Among those CEOs are Apple’s Tim Cook (Duke’s Fuqua School of Business) and Microsoft’s Satya Nadella (Chicago’s Booth School of Business). Article also appeared in Yahoo Finance and Money-MSN.com

The Simple Success Tip Most Entrepreneurs Ignore

Fortune - Mar 18, 2016 "I recall sitting in Professor Craig Wortmann’s class at the University of Chicago Booth School of Business. After the first few classes, I couldn’t sleep. I was dreaming about how I could change the retail industry and how I could make apparel shopping easier," writes Liz Tilatti, cofounder and CEO of ZipFit Denim.

Explore Upcoming, Hot Areas in B-School Hiring

U.S. News & World Report - Mar 18, 2016 Tejash Patel didn't know much about the (supply chain expert) field until he entered it. After college, he worked for several years in software development and as an information technology consultant. Eventually, tired of "clients in random cities with small problems," he headed to the University of Chicago Booth School of Business, thinking that perhaps he would target Silicon Valley.

YuMe Names Jim Soss Executive Vice President, General Manager of North America

Bloomberg - Mar 17, 2016 Soss holds a BS in Engineering, Management Systems from Princeton University and a MBA from The University of Chicago Booth School of Business.

Forum Equity Partners Appoints Senior Industry Veteran Nikolas Novograd to Drive Renewable Energy Investment Strategy

Bloomberg - Mar 15, 2016 Forum Equity Partners has named seasoned industry veteran Nikolas Novograd as Principal, Energy and Renewables, to be based in San Francisco, California. Mr. Novograd received an MBA in Finance from the University of Chicago's Booth School of Business and a BA in Economics from the University of Connecticut.

Smart oven invented in Chicago races to Kickstarter goal

Chicago Tribune - Mar 11, 2016 My passion for food started before I started college," said Rabin, who recently received his MBA from the University of Chicago Booth School of Business.

Tovala's Jetsons-Like Smart Oven Promises To Make Fresher Meals In A Crowded Startup Field

Forbes - Mar 11, 2016 If the goal is fresh-tasting food, that should be enough, says its cofounder. Rabie and cofounder Bryan Wilcox got together on the idea after Rabie had grown tired of relying on delivery food or quick runs to Chipotle as a business school student at The University of Chicago Booth School of Business.

Mansueto’s $35 million gift will create urban institute at U of C

Chicago Sun Times - Mar 10, 2016 Joe Mansueto, founder and CEO of Morningstar, Inc., graduated from the University of Chicago Booth School of Business.

Thomas Carley Appointed Interim CFO of BBSI

Marketwired/MSN - Mar 10, 2016 He received an MBA from the University of Chicago Graduate School of Business, with an emphasis in accounting and finance, and an A.B. degree in Economics from Dartmouth College.

Nomwell Aims to Be the Ultimate Foodie Restaurant App

Chicago Inno - Mar 08, 2016 That's the pain point that Ryan Mattison, a University of Chicago Booth alum, is aiming to address with Nomwell, an app that launches today on iOS and Android, and accompanying website Chicago Tastemakers.

New front opens in Petroceltic war as shares are suspended

The Independent - Mar 08, 2016 He (Angelo Moskov) has an MBA from the University of Chicago, and degrees from the Whitman College and the Institute for World and National Economy in Bulgaria.

Alliance Select holds stockholders mtg

Phillipines Star - Mar 08, 2016 (Dobbin) Tan, elected as independent director, is a management engineering graduate. He obtained his master’s degree in business from the University of Chicago, Booth School of Business.

Story St. Labs Wants You to Start That Novel You've Always Wanted to Write

ChicagoInno - Mar 04, 2016 Rosenwald is a University of Chicago Booth grad who worked in business and marketing in Brazil and Florida before launching Story St. Labs. The reason? "I always wanted to be a writer," he said.

Science Museum names new CEO, first woman in role

PR Newswire/Bloomberg/Star Tribune - Mar 03, 2016 Brown received her master’s in business administration from the University of Chicago’s Booth School of Business, where her area of concentration was nonprofit and government organizations.

USG Corporation Names Jennifer Scanlon Executive Vice President

Chicago Tribune - Mar 02, 2016 She earned a bachelor's degree in government and computer applications at the University of Notre Dame, and also holds an MBA in finance and marketing from the University of Chicago.

Hiscox USA Strengthens Middle Market Professional Liability Team With Senior Appointments

Marketwired/MSN/Yahoo! - Mar 02, 2016 Sean (Heardon) holds an MBA from the University of Chicago and a BS from the University of Wisconsin-Madison. Hearden will be based in Hiscox's Chicago office and will report to Neil Lipuma, SVP and Professional Risks Practice Leader for Hiscox USA.