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In the News Career coverage The tough job market merited media attention as graduation approached. The Wall Street Journal reported that almost half of the class at several top schools was jobless: 40 percent of NYU MBAs were job hunting, while Kellogg's rates "were stuck at only 55% to 60% at the end of March" in "Job Market Stiffs This Year's MBAs." Kenan-Flagler's rate was better with "61% versus a robust 92% last May." (April 9) The Financial Times said Dean Robert S. Sullivan wrote to "all 24,000 alumni to enlist their support and help" for students in "Schools offer job-seekers a helping hand." (May 13) In "More diversity in the race for a place," the FT wrote that MBAs worked harder and explored new sectors and talked with Career Services Director Mindy Storrie (EMBA '97) about the challenges for international students seeking U.S. jobs and Antonio Rita (MBA '02) about his job search. Rita spent spring break in Brazil interviewing with top firms and returned with a job offer and several leads. (May 13)
Global learning Asia Inc., the National Post of Canada and Mexico's leading newspaper, El Norte, featured OneMBA. When Asia Inc. ranked the Chinese University of Hong Kong - UNC's OneMBA partner - No. 1 in Asia, it called OneMBA "ground-breaking." William Fung, group managing director of Hong Kong's Li & Fung, described it "as an exciting new approach to familiarize business leaders with diverse cultures and establish global connections." (August) El Norte praised its global focus, use of best practices from across continents and the global networks that top managers will form in "Desarrolla Egade maestria global." (Feb. 2) The Financial Times wrote that Mexico's top-ranked EGADE-ITESM - UNC's OneMBA partner - moved its curriculum from functional silos to management processes in "Sights set on foreign students." "We are not teaching here, we are designing learning dynamics for the students," said Dean Jaime Alonso Gomez, an approach "in line with developing practice at a number of U.S. business schools, notably Wharton and the University of North Carolina's Kenan-Flagler school." (May 27) Program director Steve Hicks talked about calculating executive education's ROI in "The true values of evaluation" in the Financial Times. Evaluations bring a healthy focus for the company and the education provider, he said, adding that custom programs have increased because they provide focused, relevant learning that addresses specific business issues. (May 27) Alumni newsmakers Newsweek profiled Farhad Ahad (MBA '99), who fled Afghanistan as a boy and returned as a businessman to rebuild his nation in "I Couldn't Turn My Back." (July 22) Faculty expertise In "Copycat Funds," Forbes cited a study by accounting professor Douglas Shackelford and MIT, Stanford and Chicago colleagues that constructs "copycat" funds from publicly mandated disclosures of mutual fund holdings. They find that "pre-expense return on a copycat portfolio will probably fall a bit short of the pre-expense return on the fund you're mimicking. But you'll still have a good shot at beating the fund's after-expense return." (May 13) North Carolina Gov. Mike Easley invited finance professor Robert A. Connolly to participate in a multistate textile summit covered by regional media, The Economist and Agence France-Presse. Connolly is studying the consequences of economic integration and trade on Southern industries and how they can compete globally. (March) Forbes quoted marketing professor Paul Bloom, slotting fees expert and author of "Retailer power and supplier welfare: The case of Wal-Mart," in "Shelf Determination," a story about Kraft. (April 15) Accounting professor Robert Bushman discussed COO and CFO compensation in "Trailing the Chief in Pay, Too" in The New York Times. (April 7) The New York Times featured economics professor James F. Smith in "Against All Odds, a Couple of Bulls," crediting him with "a consistently above-average record" and "some of the most accurate economic forecasts of anyone, anywhere, in the last six quarters." (Sept. 14) Smith also was quoted by The Wall Street Journal, CNNfn, National Public Radio and the Australian Broadcasting Corp in recent months.
The New York Times quoted Dean Robert S. Sullivan about companies seeking licensees for the technologies on which they rely in "Industry Expertise Has Itself Become a Product." (May 13) Business 2.0 quoted him on "How to Get the Geeks and the Suits to Play Nice." (May 2002) JetBlue applied a 21st century e-business model to aviation, said Kenan Institute Director John D. Kasarda in "JetBlue Skies Ahead" in CIO. (July) |
