Some recent citations of our faculty's work in the news media:

Paul Bracken Espouses Scenario Exercises to Teach Students to Lead in Turbulent Times

Paul Bracken contributed an article to the Futurist magazine on using scenario exercises to teach Yale MBA and Executive Education students to manage during turbulent times. Bracken argued that the skills of foresight, agility, and the ability to solve problems are essential leadership skills that should be taught alongside more traditional leadership skills such as good communication and teamwork. Scenarios, which are “exercises about the future” that challenge to students to actively look for opportunities, are a method Bracken uses to teach these skills. Bracken outlined some of the scenarios he uses in class.

Victoria Brescoll: Female Leaders Viewed as Incompetent When They Express Anger

Research by Victoria Brescoll was cited in a Guardian article to explain why Hillary Clinton’s occasional irritable outbursts on the campaign trail drew criticism that she was “out of control” while the same behavior by a man would have been perceived as assertiveness. Brescoll’s paper, “Can an Angry Woman Get Ahead? Gender, Status Conferral, and Workplace Emotion Expression” with E.L. Uhlmann, found that people reward men who get angry but view angry women as incompetent and unworthy of status and power in the workplace.

Ravi Dhar: Signs Help Customers Understand Higher Prices

In a BusinessWeek article on the rise of commodity prices and its impact on food costs, Ravi Dhar supported shopkeepers and restaurateurs who posted explanations of their price increases and said that while gas prices are news, food inflation is “not as obvious a story.” The article stated that food prices have risen 6.3 % so far this year.

Frank Fabozzi Examines Poor Performance of Quant Funds

“Challenges in Quantitative Equity Management,” a new CFA Institute survey by Frank Fabozzi, Sergio Focardi, and Caroline Jonas, was cited in Barron’s. Fabozzi and his co-authors surveyed and interviewed quantitative equity managers, or quants, about how they define quantitative equity management, run a quant business, and implement their processes. The survey also examined why quant funds underperformed in 2007 for the first time in nearly 10 years.

Howard Forman: Cost of New CT Heart Scan Outweighs Benefit

A letter to the editor written by Howard Forman appeared in the New York Times concerning an article detailing the rise of interest in the medical community of owning a new, expensive – and lucrative – CT scanner that produces detailed images of the heart despite a lack of evidence that it helps patients. Forman wrote, “Our health care ‘system’ delivers exactly what we seemingly have asked of it: greater numbers of more expensive procedures. At the same time, proven interventions, like prenatal care and screening programs, are underused or difficult to access because of the lack of competitive reimbursement.…We should all be wondering why our federal dollars are paying such excessive rates that make these lucrative CT “mills” such a profitable proposition.”

William Goetzmann Joined Expert Panel to Discuss Credit Crunch

William Goetzmann was one of five investment experts assembled in June by Pensions & Investments magazine to discuss the crisis of both fixed-income and equity markets and pension funds. The panel agreed the crisis is not over. Goetzmann said that the public and government outcry to name a scapegoat was further complicating matters. Goetzmann also wrote an article that appeared in Yale Alumni Magazine on the book Het Groote Tafereel der Dwaasheid (The Great Mirror of Folly) and the 1720 financial crash. An interdisciplinary conference was held in April at Yale on this book which contains dozens of allegorical prints, plays and poems about the crash.

Edward Kaplan’s Anti-Semitism Study Cited

Edward Kaplan’s 2006 study “Anti-Israel Sentiment Predicts Antisemitism in Europe” with Charles Small (Yale) was cited in an article in Family Security Matters that marked the third anniversary of the suicide bombings on London Transport and examined anti-Semitic and anti-Islamic sentiment in Britain. Also, articles on Kaplan and the three-year research partnership between Yale SOM and the Technion-Israel Institute of Technology to study homeland security and counterterrorism were mentioned in the Hayadan (Israel) and the Jewish Ledger.

Jonathan Koppell Comments on Fannie Mae and Freddie Mae Practices

Jonathan Koppell was quoted in a New York Times article on the Fannie Mae and Freddie Mae crisis. Koppell stated that two mortgage finance companies essentially silenced nonprofit interest groups that had been critical of the companies by providing them with grant money that made it difficult for them to continue to criticize the companies. He said, “Likewise, there were another set of entities, essentially a huge industry, that profits from every additional loan that Fannie or Freddie can buy. The more loans they purchase, the more business there is for them and so they’re willing to work with the enterprises.” The article also ran in the Boston Globe, the Day (New London, CT), the Star-Telegram (Fort Worth, TX), the Ventura County Star, and the International Herald Tribune.

Ira Millstein Presents Second Annual Charkham Memorial Lecture in London

Ira Millstein addressed the impact of new capital markets on corporate governance in a speech to the Financial Reporting Council (FRC), the UK’s independent regulator, on July 9. His speech, “Directors and Boards Amidst Shareholders with Conflicting Values: The Impact of the New Capital Markets,” was cited in the Financial Times on Millstein’s recommendation that the world map out the new relationship between shareholders and companies. Millstein was also named chairman of the Board of Trustees for the American Red Cross in Greater New York.

Peter Schott Takes Part in Panel on the Emergence of China and India

Peter Schott was among the featured speakers on a panel discussion on the policy implications of China and India’s emergence in the world economy for both developed and developing countries. It was held in July at the Centre for Economic Performance at the London School of Economics.

Jiwoong Shin and K. Sudhir’s Study Shows When Rewarding Customers Doesn’t Pay

Jiwoong Shin and K. Sudhir’s study on behavior based pricing was cited in the research section of BizEd magazine. The study found that rewarding new clients is more profitable in some industries where customers rarely switch companies due to convenience or pricing, but it is better to reward current customers in industries where customer loyalty isn’t as pronounced.

Jeffrey Sonnenfeld: Board Positions Can No Longer Be Seen as Ceremonial

Jeffrey Sonnenfeld was quoted in a Baltimore Sun article about Morgan State University’s Board of Regents where some prominent members have routinely missed meetings. He said, “Board positions, even at nonprofit and government entities, no longer can be seen as sinecures or tributes or ceremonial. Mismanagement in the public sector is no less an issue than in the corporate world.” Sonnenfeld also commented in a Newsblaze article on the changing make-up of corporate boards in the U.S. as some shareholders call for a vote on members and his opinions about former HP CEO Carly Fiorina were cited on Conde Nast Portfolio.com

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