A sampling of recent news stories featuring Wharton alumni, faculty and staff.
June 2, 2009
Appearing on National Public Radio’s All Things Considered, Wharton Professor of Finance Jeremy Siegel said the stock market remains the best long-term investment. “Even though we all know it’s been a very painful 10 years,” Siegel said, “looking forward … I think it’s certainly going to be much better for investors.” He also said he didn’t expect a “long wait” for the turnaround to begin.
May 11, 2009
In a BusinessWeek story about the increasing popularity of the business Ph.D. degree, Wharton Vice Dean and Director of Doctoral Programs Robert Inman said the fall of such Wall Street titans as Lehman Brothers has pushed many bright young professionals into academia. “It’s not that we’re getting all the quant jocks from Wall Street who suddenly lost their million-dollar jobs and say, ‘Well, what the heck, let’s go get a Ph.D.,’” Inman said. “What’s causing the increase is the really smart kids who would have been tempted to go to Wall Street and maybe stay there, but now the jobs are not available.”
May 4, 2009
Wharton Director of MBA Admissions and Financial Aid J.J. Cutler, C’93, WG’97, was interviewed by BusinessWeek about how Wharton is faring during the economic downturn — and why he believes Wharton graduates still are getting a return on their investment. “Our perspective is that now more than ever, not unlike in all industries, there is a flight to quality,” Cutler said. “We think that we have demonstrated results and that even in times of financial uncertainty, the long-term ROI on a Wharton MBA is still quite high.”
May 3, 2009
Wharton research fellow Kevin Gillen, GrW’05, spoke to the Philadelphia Inquirer about the state of the housing market. Despite some signs of hope, Gillen said the market is still a long way from full recovery. “When a man is starving, a few crumbs can seem like a buffet,” he said. “Only when inventories are restored to their long-run average will we return to a more balanced market.”
April 28, 2009
In a BusinessWeek story analyzing the market impact of the Swine Flu, David Asch, Wharton professor of health care management, operations and information management and medical ethics, said the public should probably fear diabetes and obesity more than flu outbreaks. “People fear things that are sudden and mysterious,” Asch said, “and yet the monster is all around us.”
April 23, 2009
Wharton Professor of Management Peter Cappelli told the Wall Street Journal that companies looking to cut costs should consider furloughs and shorter workweeks instead of pay cuts. “Once business comes back, no one is quitting over a furlough,” Capelli said.
April 13, 2009
Dean Thomas Robertson told Bloomberg.com that the financial downturn has driven Wharton students to look at alternate career paths, including work with nonprofit organizations. “The fact that our students are looking more broadly at career options is not all bad,” Robertson said.
April 10, 2009
Olivia Mitchell, Executive Director of Wharton’s Pension Research Council, joined a discussion about the future of pension plans on National Public Radio’s Here & Now.