B-School Bulletin: Cornell Kept Dean’s Departure Quiet

Michael Corbat, the CEO of Citigroup, spoke recently to Georgetown students about the future of banking technology in an event hosted by the McDonough School of Business. Keenan Samway photo

New Technology Will ‘Rewrite’ Future Of Banking, Citigroup CEO Says

News from Georgetown University McDonough School of Business

“Advances in banking technology will drive the future of the financial industry, Citigroup CEO Michael Corbat said during an event at the Georgetown University McDonough School of Business recently.

“Corbat covered a range of topics at the event, including the state of the financial industry, the industry’s future and what students should be doing to prepare themselves for careers in finance. Paul Almeida, dean of the McDonough School of Business, moderated the conversation.

“The event was part of the MSB’s Stanton Distinguished Leaders Series, a lecture series aimed at bringing business and global leaders to campus to speak about the nature of leadership in their fields.”

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What Could Amazon’s Approach To Health Care Look Like?

News from Harvard Business School

“It is clear from some of its recent moves that Amazon sees the 18% of U.S. GDP dedicated to health care as fertile ground for expansion. Consider its decision to pursue the market for pharmaceutical distribution, or the recent announcement that it will be teaming up with Berkshire Hathaway and JP Morgan Chase to create joint solutions for reducing the health care spending of more than 1 million employees and their families.

“This latest move has engendered robust debate. Proponents liberally term it ‘disruptive,’ seeing a natural diversification opportunity for the company that has aspired to be ‘earth’s most customer-centric company.’ Meanwhile, skeptics highlight Amazon’s lack of expertise in health care, a sector that many deem curiously resistant to the competitive forces that characterize the retail and web services markets in which Amazon has thrived. Given this state of affairs, it is worth thinking about Amazon’s efforts in a conditional manner: If Amazon succeeds in changing health care, how might it do so? (Disclosure: I own a very small number of Amazon shares.)”

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IU Participates In National RecycleMania Contest

News from Indiana University Kelley School of Business 

“Bloomington’s IU campus will be participating in the national RecycleMania contest for the eighth year in a row.

“The contest began Feb. 4, and will run through Mar. 31.

“RecycleMania is intended to motivate students to practice a more sustainable lifestyle through recycling more and limiting food waste, said Steve Akers, who coordinates the contest at IU. The nonprofit organization Keep America Beautiful facilitates the contest, which involves both Canadian and American schools.”

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Localized Natural Disasters Can Hurt An Entire Country’s Economy

News from Northwestern Kellogg

“The 2011 earthquake in Japan caused devastating loss of life and destruction of property. It also had an immense economic impact. Within Japan, companies as diverse as makers of cashmere scarves to auto-part manufacturers reported severe losses.

“When disaster strikes, it is not surprising that a company in the affected region would experience a dramatic dip in profits. Theoretical models have suggested that an extreme shock to one firm can impact its clients and suppliers as well. A scarf-making factory hurt by the earthquake, for example, might buy fewer dyes from its suppliers or have fewer shipments to send to retailers.”

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A Year In The Life — Vanderbilt Master Of Accountancy

News from Vanderbilt University Owen Graduate School of Management 

“A Master of Accountancy degree, a 10-week paid internship with the Big 4, and the CPA exam — the Vanderbilt MAcc program packs a lot of value into 12 months. We talked with Lindsay Donald, Program Director for the Masters of Accountancy, to answer current and prospective students’ questions about the program timeline.”

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