SEMI-MONTHLY NATIONAL AND INTERNATIONAL TOP NEWS COVERAGE FOR NOVEMBER 15-30, 2015

U.S. MEDIA

More States Are Initiating Programs to Encourage Retirement Savings

The New York Times - Nov 17, 2015 - President Obama, encouraged by the so-called nudge thesis propounded by Cass Sunstein, a prominent legal scholar and former White House official, and Richard H. Thaler, an economist at the University of Chicago Booth School of Business, has supported federal legislation to automatically enroll workers into an I.R.A. if they don’t have a retirement plan through an employer.

Why Does Progress on Women's Wages Seem to Be Stalling?

The Atlantic - Nov 17, 2015 - Marianne Bertrand, an economist and professor at the University of Chicago’s Booth School of Business, echoed Shierholz’s assessment.

MBA News: Amazon Recruiting Targets Top-Ranked B-School

Beat the GMAT - Nov 17, 2015 - Other top business schools, of course, have similar rewards. Chicago Booth graduates also earn $125K on average. (Poets&Quants)

China’s Renminbi Is Approved by I.M.F. as a Main World Currency

The New York Times - Nov 30, 2015 - “There’s this obsession with the S.D.R., and it’s completely out of proportion to its economic impact, which is likely to be trivial,” said Randall Kroszner, a former Federal Reserve Board governor who is now an economics professor at the University of Chicago.

Would you let a mystic manage your investment portfolio?

The Washington Post - Nov 30, 2015 - As we noted earlier, these are some of the smartest, most respected analysts around. But according to Professor Richard Thaler, who teaches at the Booth School of Business at the University of Chicago, they all suffer the same issue. As he puts it: “Decision-makers have been betrayed by a flaw that has been documented in hundreds of studies: overconfidence.”

McKinsey Doubles MBA Hires At Duke

Poets & Quants - Nov 30, 2015 - So far, all the schools are reporting record numbers with Stanford out on top in total median compensation with $160,297 in salary, sign-on bonus, and other annual guaranteed bonus...Chicago (Booth) $143,495

Cyber Monday Deals May Save Money, But Experiential Gifts Provide Greater Benefits For Givers And Recipients

International Business Times - Nov 30, 2015 - “People are a lot more grateful for what they’ve been able to do than for what they’ve been able to have,” said Amit Kumar, a postdoctoral research fellow at the University of Chicago.

MBA News: HBS Tops MBA Rankings, Stanford Grads Earn More

Poets & Quants - Nov 30, 2015 - For example, the graduating cohort of IIM Ahmedabad had an average annual salary of about $33,000, only about a quarter of that reported by graduates of the University of Chicago’s Booth School of Business. Indian analysts give other reasons too. (The Wall Street Journal)

Behavioral Economist Richard Thaler on the Key to Retirement Savings

The Wall Street Journal - Nov 30, 2015 - Richard Thaler, a professor at the University of Chicago Booth School of Business, and author of “Misbehaving,” a new book about the creation of behavioral economics, credits this once-maligned offshoot of economic science with helping millions of Americans save for retirement.

The Rise of the MBA

Poets & Quants - Nov 30, 2015 - 1943: The Booth School of Business at University of Chicago begins offering an Executive MBA.

Applicant Advice: How They Got In & How You Can, Too

Poets & Quants - Nov 30, 2015 - The University of Chicago’s Booth School of Business received 4,286 applications for the 585 seats in the Class of 2017, an acceptance rate of only TK%.

MBA Rankings Reveal Top Entrepreneurship Schools Amid Start-Up Fever

Business Because - Nov 25, 2015 - Babson College, a specialist in entrepreneurship, and Chicago’s Booth School of Business claimed the second and third ranks respectively.

DraftKings, FanDuel head to court to remain in operation in New York

ESPN - Nov 25, 2015 - To make that case, DraftKings, on Monday night submitted the affidavit of Zvi Gilula, visiting professor of statistics and econometrics at the University of Chicago's Booth School of Business.

How Round 1 Applicants Should Approach Round 2

Beat the GMAT - Nov 25, 2015 - Imagine you applied to Duke / Fuqua, Northwestern / Kellogg, U. Chicago Booth, and MIT Sloan in Round 1. You interviewed at Kellogg (no need for an invite), and were invited to interview at Duke, MIT and Booth.

Douglass North, Co-Recipient of 1993 Nobel Prize, Dies

Associated Press/ABC/Fox - Nov 25, 2015 - North and Robert Fogel of the University of Chicago won the Nobel Prize for research that applied economic theory and quantitative methods to explain economic and institutional change.

Round 1 Reactions to Chicago Booth’s New Photo Essay Question

Beat the GMAT - Nov 24, 2015 - As Round 1 interviews get underway, associate dean of admissions Kurt Ahlm shares some insight on the Booth Insider blog about how applicants have approached the photo essay.

CalPERS to open curtain to amount private equity takes in profits

Reuters/Yahoo! - Nov 24, 2015 - "They should have been calculating it all along," said Steven Kaplan, University Chicago Booth School of Business professor. "That's one thing you do when you do diligence on a fund. You want to look at performance before fees."

High five, dads! You split housework evenly with moms — or so you think

Today Show - Nov 24, 2015 - "Over-claiming of this kind is a very common phenomena," says Nicholas Epley, the John T. Keller Professor of Behavioral Science at the University of Chicago. "People tend to think well of themselves so when you are asking them about something good they have done, they say they do more because that is consistent with who they are."

Bloomberg BusinessWeek Rankings Data Reveal High Cost of MBA Networking

Beat the GMAT - Nov 23, 2015 - Of course, there are the arguably more frivolous club-related expenses as well, such as wine tasting with the Chicago Booth Wine Club or ski passes as part of membership in MIT Sloan’s Ski and Snowboarding Club.

Two Chicago Universities Are Ranked Top 5 In The Country For MBA Programs

ChicagoInno - Nov 23, 2015 - You can see the complete list here and the top ten are below: 3: University of Chicago Booth School of Business (2014: 4)

It Pays To Be Overconfident

Huffington Post Australia - Nov 20, 2015 - The best example of this effect can be seen in a wonderful pair of experiments by Nick Epley (at the University of Chicago) and Erin Whitchurch (at the University of Virginia).

IMCA Launches Online Applied Behavioral Finance Course

Marketplace - Nov 20, 2015 - Engaging content is delivered by several noted behavioral finance experts, including: Toby Moskowitz, Ph.D., University of Chicago Booth School of Business

Finally ... finally!!! ... Black Friday starts to fade

Marketplace - Nov 20, 2015 - Pradeep Chintagunta, a professor of marketing at the University of Chicago, said not all retailers are created equal.

Harvard Business School Takes Top Spot In New MBA Ranking

Fortune - Nov 19, 2015 - There’s No. 3 Chicago Booth, No. 4 Wharton, No. 5 Kellogg, No. 6 Columbia, and No. 7 MIT Sloan.

INSEAD Claims First In New 2015 - Poets&Quants’ Ranking Of International MBAs

Poets & Quants - Nov 19, 2015 - In a separate ranking of U.S. MBA programs, Harvard Business School edged out Stanford for top honors, followed by Chicago Booth, UPenn Wharton, and Northwestern University’s Kellogg School of Management.

IMCA Launches Online Applied Behavioral Finance Course

PRWeb/Marketplace - Nov 19, 2015 - Engaging content is delivered by several noted behavioral finance experts, including: Toby Moskowitz, Ph.D., University of Chicago Booth School of Business

Record Breaking MBA Pay At Stanford GSB

Poets & Quants - Nov 18, 2015 - At Chicago Booth, where median total comp was $143,495, the first-year take is more than $16,500 lower.

The Unanswered Question Behind Wage Inequality

Bloomberg - Nov 18, 2015 - A 2006 analysis by Steven Davis of the University of Chicago and co-authors, for example, suggested that increased volatility in employment growth among publicly traded companies was more than offset by reduced variation among private ones, so, on that score, the public companies' experience didn't tell the whole story.

Dip into your savings and don't be sorry

Marketplace - Nov 18, 2015 - Abigail Sussman, a professor of marketing at the University of Chicago’s Booth School of Business, explains how acting too responsibly with our savings can cost us.

State-based retirement plans on the rise

The Dallas Morning News - Nov 18, 2015 - President Barack Obama, encouraged by the so-called nudge thesis propounded by Cass Sunstein, a prominent legal scholar and former White House official, and Richard Thaler, an economist at the University of Chicago Booth School of Business, has supported federal legislation to automatically enroll workers into an IRA if they don’t have a retirement plan through an employer.

Women Now Make Up 40% at Many Elite MBA Programs

Beat the GMAT - Nov 18, 2015 - Top-ranked U.S. Forté Foundation member schools with 40% or more female enrollment include: Chicago Booth School of Business.

Media Outside the U.S.

Under pressure AGSM cuts its Hong Kong MBA

Financial Review - Nov 30, 2015 - Top US schools such as Chicago Booth and the Kellogg School of Management offer MBAs in Hong Kong, and the standard of local business schools is very high.

United States ten business schools most prestigious MBA programs

Epoch Times - Nov 25, 2015 - 3. The University of Chicago Booth School of Business (University of Chicago Booth School of Business) 2014 College Ranking: fourth 2017 session of the Applicant: 4,286 Number of freshmen: 585 The average GMAT score: 726 Female students: 42% International students: 34%

Eight of the ten best MBA in the world are in the United States

La Republica - Nov 24, 2015 - In the first Booth School of Business, University of Chicago stands by the quality of their classes and teachers, as well as 98% of their students find jobs within three months after graduation.

Student and corporate demands shape curriculum

Financial Times - Nov 23, 2015 - Chicago Booth has almost doubled the number of entrepreneurship courses in a decade, for example.

2016 University of Chicago Graduate Application Requirements Index

Sohu.com - Nov 20, 2015 - (Translation) For going to the University of Chicago graduate school of students in terms of graduate application requirements and detailed professional application claims the University of Chicago students on a topic of concern, the paper compiled in 2016 the University of Chicago Graduate detailed interpretation of the application requirements of professional help students more good understanding of the requirements of the University of Chicago Graduate Application.

Economists say cuts could cloud US jobs data

Financial Times - Nov 18, 2015 - Steven Davis, a professor at the University of Chicago Booth School of Business gave the example of the bureau’s job openings survey, which he would like to see enhanced.

Philips Korea appoints Peter Kwak as the new GM of Consumer Lifestyle sector

Korea IT News/Korea Daily - Nov 17, 2015 - Prior to his (Peter Kwak) career at Nike, he worked at McKinsey & Company in Chicago, Illinois, USA. He earned his MBA from the University of Chicago after graduating from McGill University in Montreal and Yonsei University’s Graduate School of International Studies.

Alumni Vexim Announces the Nomination of Steve Swinson as New Chairman of the Board of Directors

Business Wire/Bloomberg - Nov 30, 2015 - Steve Swinson holds a PhD in electrical engineering from Manchester University in the United Kingdom and an MBA from the University of Chicago.

HemoShear Therapeutics Names H. Thomas Watkins to Board of Directors

PR Newswire/Yahoo!/Fox - Nov 24, 2015 - Mr. (Thomas) Watkins received a BBA degree from the College of William and Mary and his MBA from the University Of Chicago Graduate School Of Business, now the Booth School of Business.

Here’s Where McKinsey, BCG And Bain Are Ramping Up MBA Recruitment

Business Because - Nov 24, 2015 - These prestige consultancies, along with the likes of Accenture and A.T Kearney hit a recruitment peak at Chicago’s Booth School of Business in 2015. The sector snapped up 32% of Booth’s MBAs, up 4% on last year and mirroring similar gains across top US and European schools.

Satya Nadella's hard work blew me away, says ex-colleague Sanjay Parthasarathy

Economic Times - Nov 24, 2015 - But Nadella's work ethic stood apart, Parthasarathy says. Every Friday, right after work, he'd board a plane from Microsoft's Washington head -quarters and jet over to Chicago, where he was working on his MBA at Chicago University's Booth School of Business.

When Satya Nadella first started at Microsoft, he flew to Chicago every weekend to finish his MBA

Business Insider - Nov 23, 2015 - Parthasarathy says — every Friday, right after work, he'd (Satya Nadella) board a plane from Microsoft's Washington headquarters and jet over to Chicago, where he was working on his MBA at Chicago University's Booth School of Business.

Bob Mariano's payout after Kroger takeover? Up to $8 million

Chicago Tribune - Nov 23, 2015 - Bob Mariano has said that the coming takeover of Roundy's, parent of his namesake grocery chain, by The Kroger Co. will be a good thing for customers and the company.

Nigeria: Pearl Award Is Reward for Quoted Companies

AllAfrica - Nov 23, 2015 - And I (Tayo Orekoya) obtained certifications in executive leadership and management from University of Chicago, Booth Business School, Chicago, USA and University of Navarra Business School, Spain.

Cynthia Rowley's latest canvas: The most mundane office supplies

Chicago Tribune - Nov 23, 2015 - To successfully target a demographic, brands have to move beyond superficial ideas of "the not-male, not-white product," said Ann McGill, a professor of behavioral science and marketing at the University of Chicago's Booth School of Business.

Nathalie Marshik Joins Oppenheimer & Co. Inc. As Executive Director, Emerging Markets Sovereign Analyst

PR Newswire/CNN/Yahoo! - Nov 23, 2015 - (Nathalie) Marshik holds an MBA from the University of Chicago Booth School of Business and a Master of Science in Pattern Analysis and Neural Networks from Aston University.

Rolf Banz: "Pseudo Precision Helps Board Members Sleep at Night"

finews.ch - Nov 20, 2015 - The committee examining my thesis was formed by Myron Scholes, Merton Miller and Eugene Fama – they all later won the Nobel Prize. They didn't like my findings though.

How to Cope with Holiday Stress and Be Happier in Just 4 Minutes a Day

Marketplace - Nov 19, 2015 - Vicki (Morris) started her career at Oracle, while completing her MBA at the University of Chicago.

William Blair Continues the Expansion of Private Wealth Management with the Addition of Lawrence D. Gilbert

Business Wire/Bloomberg - Nov 19, 2015 - He (Lawrence Gilbert) received his M.B.A. from the Booth School at the University of Chicago and B.A. in economics from Pennsylvania State University.

The AsepticSure® Hospital Disinfection System Introduced to South America

PRNewswire/Marketplace/CNN - Nov 17, 2015 - Medizone's CEO, Edwin Marshall commented, "GYD S.A.'s founder and Chief Executive Officer, Gerardo Guzman Hargous, is a graduate of Pontificia Universidad Catolica and holds an MBA from the University of Chicago.

Accuride Realigns Leadership to Support Global Growth; Adds Hajost as New CFO

Business Wire/Bloomberg/Yahoo! - Nov 17, 2015 - (Michael) Hajost is a graduate of the United States Military Academy with a Bachelor of Science degree in Engineering and earned his MBA in Finance from the University of Chicago.

Students

Wine Club and school trip in Jet - the extra expenses on top business schools

manager magazin - Nov 20, 2015 - (Translation) Austin Fang, an MBA student at the Booth School of Business, University of Chicago, said, meanwhile, most students would not give their money recklessly.

The High Cost of Networking at Business School

Bloomberg - Nov 17, 2015 - Austin Fang, a former developer studying for his MBA at the University of Chicago's Booth School of Business, said becoming a student again was an adjustment, "especially when you've earned an income for the last five years."