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Kogod in the Media/March 2011

 

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The latest headlines from the Kogod School of Business.

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Faculty, Programs, & Quotes

Business schools focus on project management
Kogod associate professor Gwanhoo Lee was recently quoted in a US News article about M.B.A. programs that focus on project management. Multiple schools have implemented project management programs that aim to prepare students for employers who value skills like time management, cost management, and the ability to implement strategic change.

"There are a lot of employers that are looking for M.B.A.s that have some knowledge and experience in project management and could be certified in the near future," said Lee, who designed and teaches the project management class at Kogod. "I think students sensed that there was a huge demand out there and they responded to that demand by taking my class." View Full Article (3/30/11)

Virtual worlds present opportunities for business
Kogod professor Erran Carmel, who teaches international business research and information technology, recently co-wrote an article on virtual worlds for MIT Sloan Management Review. According to the article, computer-simulated environments that allow individuals to interact with one another via avatars, also known as virtual worlds, have been slow to catch on in the business world, but they offer a useful collaborative tool for businesses.

So far, workplace usage is low, and many initial attempts by companies to establish a presence in virtual world have failed. However, virtual worlds have the potential to save money on travel, conference, and training expenses, the article said. View Full Article (3/23/11)

Kogod Tax Center Director David Kautter Quoted in Bloomberg News on Corporate Tax Reform
Kogod Tax Center Managing Director David Kautter was quoted in a Bloomberg News story titled, "Republican Tax Chiefs Cool to Cisco, EMC Offshore Proposal."

The article addresses recent political debate on providing multinational corporations with a temporary tax break on offshore profits. House Majority Leader Eric Cantor (R-VA) and companies such as Google and Cisco are calling for a tax holiday on repatriated profits to spur corporate investments. But Republican leadership in both the House and Senate have responded that they want to consider tax breaks on offshore profits as one element of broader corporate tax reform.

The Treasury Department also responded to the proposal, saying that it distracts from the need for a more comprehensive corporate tax overhaul. Kautter explained that passing this kind of tax holiday removes alternatives for policymakers who are interested in broader reform.

He explained further: "Let's say you have $1 trillion abroad. Congress could say we're going to tax 25 percent a year for four years, whether you bring it back or not. It would generate substantial revenue to keep tax reform revenue-neutral. Do you take that issue off the table?" View Full Article (3/23/11)

Kogod Students evaluate Dodd-Frank Bill
Kogod students Kareem G. Nakshbendi, M.B.A. candidate and Averell H. Sutton, J.D./M.B.A. candidate, are members of the Kogod Private Equity and Venture Capital Club, and recently co-wrote an article on the Dodd-Frank Bill for Inside the Firm.

The two authors argued that the bill, which has to do with financial regulatory reform and was signed by President Obama last July, will transform the money industry.

"As members of the private equity industry, we should protect the capital flow to businesses that is vital to the global marketplace," they wrote.

The bill will bring private equity funds under the Securities and Exchange Commission, so for entities that have assets of at least $150 million to avoid being subject to record keeping and disclosure requirements, private equity can simply make smaller deals. Venture capital funds are exempt from the bill.

According to the authors, private equity will be subject to new SEC regulations, and therefore required to report trade secrets.

"We are accustomed to politics’ having a fall guy, however, making private equity the scapegoat is not the answer," Nakshbendi and Sutton wrote. "If the government really wants to make a difference it should start with itself and the lending practices in this country; not with the people who make the industries that create jobs." View Full Article (3/16/2011)

Dan Jacobs named Master of Science in Sustainability Management
Graduate Management News, the newsletter of the Graduate Management Admissions Council, recently highlighted Kogod Executive in Residence Dan Jacobs in their March 2011 "people on the move" column.

Jacobs was recently named the director the Master of Science in Sustainability Management in the Kogod School of Business. Jacobs teaches business strategies for environmental sustainability and global corporate citizenship. View Full Article (March 2011)

Wage gap narrows in some fields
A Forbes blog post recently pointed out that although the gender wage gap is still present, it's starting to change in some fields. A March report, "Women at Work," from the Bureau of Labor Statistics showed that the wage gap continues to narrow – women are earning 81 cents to every dollar earned by men, up from 76 cents in 2000.

Women are out-earning men in some traditionally male-dominated fields, such as construction, despite the fact that they hold a small percentage of jobs in that field. “Researchers have found that both sexes fare better when they are in the minority,” said Goldberg. “Women who choose male-dominated jobs are likely perceived as 'atypical' or less consistent with the stereotypes associated with women, which are also associated with lower-paying jobs.” View Full Article (3/14/11)

Corporate boards still male-dominated
A recent report from the Kogod School of Business showed that more than half of the 172 publicly traded companies in D.C. and Virginia have no women on their corporate boards, and only six of the companies surveyed have three or more women in the boardroom. The research was cited in a recent article on BNET about the primarily male makeup of most corporate boards.

Other research from Catalyst, a group dedicated to promoting women in business, showed that although half of U.S. companies now have at least two women on their boards, ten percent are still all-male. Additionally, many of the women on boards have backgrounds in government or academia, not business.

According to the article, however, the future of women in business looks promising, as women currently outnumber men in many business schools. View Full Article (3/8/11)

Women move up in the business world
A recent on blog post from Forbes said that although women are half the workforce, traditionally, their jobs have been concentrated in lower-paying service industries. More and more, however, they are beginning to take on management and professional occupations.

Kogod Assistant Professor Caren Goldberg told Forbes that the sharp increase in female business school graduates – 75% in the last decade – is most likely why more women now have jobs in finance and business. Women also tend to choose positions in the financial sector that are more flexible, since women are still the primary caretakers of children and households.

“Wall Street investment firms have been very unkind to women” in past years, Goldberg said. She believes they may seek out “safer” and perhaps lower stress jobs outside of the big investment banks that have traditionally catered to men. View Full Article (3/7/11)

Kogod's Global Emerging Markets M.B.A. concentration highlighted
The Kogod School of Business was featured in the March 2011 issue of Delta Sky magazine in an article on M.B.A. programs with an international component. Frank DuBois, the chair of Kogod's Department of International Business, said, "Our focus is on exposing and sensitizing students to the nuances of doing business across national frontiers."

The article highlighted Kogod's Global Emerging Markets M.B.A. concentration, which takes students on 12-day trips to an emerging market, such as Brazil or Eastern Europe. On these trips, students go on site visits to multiple companies and study the industries of the countries they visit. "We want to make sure our students are well-versed with developments in the global economy and that they understand the extent to which growth is sustainable in emerging markets," said DuBois.

Delta Sky also noted Kogod's Washington, D.C. location and proximity to the diplomatic community and insitutions such as the World Bank, the International Monetary Fund and the Agency for International Development. View Full Article (March 2011)