From Master Of Accountancy To Miss South Dakota
News from Vanderbilt University Owen Graduate School of Management
“A love for finance has always run deep in Carrie Wintle’s blood. As a young girl, Wintle raised and sold sheep on her family’s farm in South Dakota, watching her hard-earned money grow through her savings account and investments. This business savvy led Wintle to study accounting and mathematics as an undergraduate at the University of South Dakota. After graduating, Wintle decided to further her education and professional advancement by pursuing a Master of Accountancy (MAcc) at Vanderbilt, which she graduated from in May 2018.
“But finance isn’t Wintle’s only passion: She began competing in Miss South Dakota local pageants when she was just 13 years old, and earned the title of Miss State Fair in June of 2017 before starting business school. This title qualified her to fight for her home state’s crown in June of 2018 after graduating from the MAcc program.”
Martha Hennessey ’76 Relates Physical Assault At College
News from Dartmouth Tuck
“Amidst the fervor of the #MeToo movement and the recent Supreme Court confirmation hearings for Judge Brett Kavanaugh, New Hampshire state senator Martha Hennessey ’76 has spoken out about her personal experience with gender-based violence at the College in 1976.
“In September, Hennessey described an incident in which she, a female student in the early days of coeducation at the College, was beaten by a fraternity brother while attending a birthday party for a friend at a Greek house. She had not planned to stay at the event for long because she needed to study for an exam the next day, Hennessey said in an interview with The Dartmouth. As she was leaving the event, the fraternity brother took her keys, ran from her and taunted her with them, causing her to try to grab his arm, she continued.”
We Need To Talk About The Future Of Work
News from HBS
“Work has been a central concern of Harvard Business School since the first days of this campus. On June 4, 1927, with construction complete, faculty and students gathered for the dedication ceremony. The campus was much smaller then. Only Baker Library, Morgan Hall and the six HBS dorms stood. Spangler, Aldrich and Klarman lay far in the future. The dedication address was given by Owen Young, then chairman of GE. In his speech, he addressed what he saw to be the most important work issue of that time: low wages for workers. He said, ‘Slowly we are learning that low wages for labor do not necessarily mean high profits for capital… No man is wholly free until he is both politically and economically free… No man with an inadequate wage is free.’ Young urged the students to accept their responsibilities as future leaders of business not only to secure profit, but to create economic freedom for their employees. His words were true to his company’s approach: GE raised wages, instituted a pension plan, shared profits with employees and gave hospital coverage as early as the 1920s and 1930s, before many other companies followed suit.
“If Young were giving this address today, what would he say? There’s no doubt that he’d still be concerned by wages, particularly given slow growth in average earnings over the last 50 years. Average seasonally-adjusted wages in the US rose from $20.27 per hour in 1964 to $22.65 per hour in 2018 in real terms, according to the Pew Foundation. But Young might also choose to speak about changes that could lead to mass unemployment and fundamentally alter the relationship between manager and employee. Two forces that will impact work the most are automation and the rise of flexible work.”
Crafting Your Own Leadership Signature
News from INSEAD
“In an age where even Silicon Valley disruptors struggle to keep up, it is more critical than ever for leaders to know themselves. Otherwise how can they learn and develop? Or create a dream team, one that magnifies their strengths and remedies their weaknesses? Or avoid costly blind spots? Exceptional leaders need to have a thorough understanding of the world, their industry, their company and – crucially – themselves.
“However, as Benjamin Franklin wrote, ‘There are three things extremely hard: steel, a diamond and to know one’s self.’ Based on decades of research on leadership effectiveness and close observation of leadership in practice, we have designed a development and feedback tool called the x360+ to facilitate this self-discovery.”
Awards As Incentives: Sometimes They Backfire
News from UCLA Anderson School of Management
“Awards are everywhere, and for good reason. Most of us like our achievements acknowledged, and recognition can be a powerful incentive for better performance. But not all honors are equally effective. Some backfire, for example, because they send unintended signals and sap us of the motivation to excel.
“A working paper suggests that can be a problem when handing out awards for school attendance.
“The paper — by Harvard’s Carly Robinson, UCLA Anderson’s Jana Gallus, Stanford’s Monica Lee and Harvard’s Todd Rogers — is based on a field experiment among middle- and high-school students. In the experiment, the promise of an award for perfect attendance had no effect on the number of future absences, while an award for past attendance led students to miss more days of school.”
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