Duke Fuqua Survey: Recession Is Coming
News from Duke University Fuqua School of Business
“To hear chief finance officers tell it, the global economy is heading toward a recession.
“That’s the top takeaway from the latest CFO Survey, a quarterly survey conducted by Duke University’s Fuqua School of Business.
“More than half of responding CFOs said they thought the United States economy would be in recession by the end of 2019. Four out of five responding CFOs said the United States economy would be in a recession by the end of 2020. More than half were even more pessimistic, saying the recession would start in less than 12 months.”
Kelley School Cybersecurity Expert Offers Holiday Shopping Tips For Protecting Identity
News from Indiana University Kelley School of Business
“Amid the many warnings this holiday season about protecting your identity while shopping online comes advice from Scott Shackelford, associate professor of business law and ethics in the Indiana University Kelley School of Business and one of the nation’s leading cybersecurity experts.
“‘In some ways shopping online is getting safer,’ said Shackelford, also chair of the Kelley School’s Cybersecurity Program in Risk Management and director of the Ostrom Workshop Program on Cybersecurity and Internet Governance. ‘For example, a few years ago it was relatively uncommon for many sites to use encrypted https technology, but that’s become the norm. However, as may be seen by a quick scan of the news, data breaches continue.
“‘The good news is that the cost of those breaches is going up with Federal Trade Commission and European Commission investigations ongoing into firms like Equifax and Facebook, and consumer patience is also wearing thin,’ he added. ‘One recent survey, for example, found that 20 percent of consumers would not shop again at a firm that experienced a data breach.'”
Don’t Call It ‘Shark Tank’: Competing For Capital On ‘The Pitch’
News from The Wharton School at the University of Pennsylvania
“Fans of ‘The Pitch’ podcast from Gimlet Media, a digital media company and podcast network, are familiar with its spiel to win over listeners: It’s where ‘real entrepreneurs pitch to real investors — for real money.’ Just don’t call it the ‘Shark Tank’ for podcast listeners.
“Silicon Valley venture capitalist and philanthropist Jillian Manus, a regular judge on ‘The Pitch,’ which Fortune recently called ‘the best business podcast on startup life,’ has said that she instead aspires for it to be ‘the antithesis’ of ‘Shark Tank,’ the hit ABC TV show where high-profile investors such as Mark Cuban hear startup pitches and choose whether or not to invest. Living up to its name, ‘Shark Tank’ investors put entrepreneurs in the hot seat and are sometimes downright disrespectful to the show’s expectant entrepreneurs.”
Hacking Away At The World’s Energy Problems
News from MIT Sloan
“Over the first weekend of November, the MIT Energy Club hosted its fourth annual MIT EnergyHack, a three-day event focused on bringing together students from vastly different backgrounds to develop innovative solutions to challenges in the energy industry.
“Over 100 hackers flew across the United States and around the world to compete in the event (formerly known as the MIT Energy Hackathon), including 35 students from China. With many local students in attendance, nearly 40 teams competed in the EnergyHack’s semifinal round.”
Three Lessons In Financial Leadership From The Vice Chairman Of UBS
News from Vanderbilt University Owen Graduate School of Management
“James Forbes is a managing director and vice chairman of UBS Group, Americas. UBS is the largest Swiss bank in the world and has offices in over 50 countries, managing over $2 trillion in assets. Before joining UBS, Forbes served as the Head of Global Principal Investments at Bank of America and the Global Head of Healthcare Investment Banking at Merrill Lynch.
“Forbes came to speak at Vanderbilt Business a few weeks ago as part of the Distinguished Speaker Series (DSS). DSS is a student-run initiative that regularly brings in high-profile speakers to share their business insights at Vanderbilt. Past speakers include Lynn Good, CEO of Duke Energy; Anu Aiyengar (MBA’99), Head of M&A North America at J.P Morgan; and Reese Witherspoon, Oscar-winning actress and founder of Draper James. Hosted by Dean Eric Johnson, the talks are open to all students, faculty, and staff at Vanderbilt.”