B-School Bulletin: Search Underway For Yale SOM Dean

News from Yale SOM “Yale University has initiated a search for a new dean of the Yale School of Management.” Edward A. Snyder, who has served as dean since 2011, announced earlier this year that he would step down and return to teaching and research at the end of the 2018-19 academic year.”President Peter Salovey has appointed a search advisory committee, chaired by Andrew Metrick, Janet L. Yellen Professor of Finance and Management, to identify candidates, assisted by the executive search firm Heidrick & Struggles. An alumni consultative committee, chaired by Timothy Collins ’82, CEO and senior managing director of Ripplewood Holdings and chair of the Yale SOM Board of Advisors, and Indra Nooyi ’80, chairman and CEO of PepsiCo, will advise the committee.” 
“The detailed responsibilities of the Dean and expectations for the successful candidate include the following:
  •   Provide strategic guidance for SOM’s continued pursuit of its mission in the face of changing economic and political landscapes and the opportunities opened by them;
  •   Champion Yale SOM and collaborate within and outside the University to advance the School of Management’s programs;
  •   Create a scholarly environment that promotes research and teaching, and enhance the school’s curricula and reputation, to ensure that the School of Management contributes to and strengthens Yale in the long term;
  •   Lead a highly engaged faculty and administrative team to support the mission of the school, cultivate its research culture to ensure its academic vitality, and promote its reputational advancement;
  •   Engage with current students in a way that reinforces and builds the connected, purpose-driven nature of the SOM community; and
  •   Cultivate relationships with alumni and business leaders on a local, national and international level for the benefit of students and faculty, and leverage the various Boards of Advisors effectively in this regard; and continue to elevate the school’s profile within the national and international business school community through improved commitment to excellence and leveraging of alumni and network resources.”
  1. Financials
    •   Operating budget of $137M in FY 2018
    •   Generated operating surpluses in last six fiscal years totaling $11M
    •   6/30/17 endowment market value of $797M
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How The Digital Economy Has Exacerbated Inequality

News from INSEAD

“Income inequality has increased in most developed countries over the past three decades. The phenomenon has been felt much more in some countries than others, but the general trend is unmistakable. In the United States, the income share of the top 1% has soared from an average of 27 times more than the bottom 1% in the 1980s to 81 times more in 2014. The top one percent income share (of GDP) is now almost twice that of the bottom 50%.

“Technology has long been identified as one of the drivers of income inequality – together with globalization and other organizational and institutional factors. While research on the inequality impacts of technology has largely emphasised the effects of skilled-biased technological change (with large wage disparities between skilled and unskilled workers), a recent working paper from the National Bureau of Economic Research (NBER) explores a broader source of inequalities by focusing on the functioning of markets. Digital innovations may have contributed to magnifying market rents in more concentrated markets, which partly explains the increasing income share of top income groups (specifically top executives and shareholders) – compared to the majority of workers who have seen their wages stagnate since 1980, particularly the bottom 50%.”

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Rady School Hires Executive Director To Manage Business Analytics Program

News from UC-San Diego Rady School of Management 

“Raymond Pettit, an accomplished advertising, media and marketing research expert, has joined the Rady School of Management at the University of California San Diego as the Executive Director of the  Master of Science in Business Analytics (MSBA) program and the Center for Business Analytics. With 22 years of experience, Pettit has strong industry connections that will bring increased exposure to the MSBA program and enhance career options for MSBA students. Pettit joins the Rady School from comScore, Inc. where he served as VP, Analytics: Custom Client Solutions.

“’I am thrilled to be at Rady and  ‘give back’ after a long career in business. I am confident I can bring value to what is already a stellar program and help propel Rady to a leadership role at the nexus of business analytics, education and industry,’ Pettit said.

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Darden Alum Serves Up Cold Brew Coffee On Tap, Biz Lessons On the Side

News from University of Virginia Darden School of Business

“About two years ago, one of Damian Warshall’s teammates on a Charlottesville softball team came to him with an idea.

“Now, that idea is being sold in kegs, cans and shops all over Virginia. And no, it’s not beer.

“Warshall, who graduated from the University of Virginia’s Darden School of Business in 2014; Paul Dierkes, the softball teammate; and Joel Artz started Snowing in Space, a Charlottesville-based coffee business known for its nitro cold brew coffee, in 2016.”

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MISTI and graduating MIT Sloan Master of Finance student Lukas Kamphausen working in the Middle East. MIT photo

Navigating Cultures While Making A Difference

News from MIT Sloan School of Management

“Lukas Kamphausen MFin ’18 recently graduated with a master of finance degree from MIT’s Sloan School of Management. Last January, he participated in MIT Sloan’s Israel Lab, organized in collaboration with the MIT International Science and Technology Initiatives (MISTI) MIT-Israel program. MISTI provides MIT students with high quality internship, research and teaching experiences in international companies, universities, research institutes, and high schools. While participating in the Israel Lab, Kamphausen took part in a hackathon organized by MISTI’s PeaceTech Initiative and Our Generation Speaks, a fellowship program and incubator, hosted at MassChallenge in Jerusalem. ‘I loved the Middle East so much and just had to come back in order to make an even larger impact for families living in this region,’ Kamphausen says.

“Currently, Kamphausen is doing an internship through MISTI at SunBox, a startup that sells affordable and self-installable solar energy systems to families living in the Gaza Strip. ‘This second experience in the region has really enabled me to get a deeper understanding both of how to work with people from very different backgrounds, and how as an MIT student I can make a real impact,’ Kamphausen says. ‘More than 2 million Gazans live with less than four hours of electricity a day. Hence, most families do not have refrigerators, access to the internet or lights at night. People can’t work, students can’t study, and entrepreneurs can’t run a business.'”

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