News from the University of Michigan Ross School of Business
“With students off on spring break, Michigan Ross hosted around 30 current and former NFL players, including University of Michigan alumni Delano Hill, Maurice Hurst, and Christopher Wormley, for its fourth annual NFL Business Academy on Mar. 3-6.
“The four-day business program encompassed a range of courses, discussions, and action-based learning experiences aimed at helping players improve their skills in business management and entrepreneurship, real estate, franchising, and philanthropic management. The sessions were led by Ross faculty, visiting business leaders, and NFL veterans who have successfully transitioned to corporate careers.
“One of the highlights of this year’s program was a guest lecture by NFL legend and U-M Heisman Trophy winner Desmond Howard, who is now a college sports analyst at ESPN’s wildly popular College GameDay. Howard shared his personal story, including how he went from being a top athlete into the television industry (putting his U-M mass communications degree to good use) where he was surrounded by people with considerably more experience.”
$5.4M Gift Launches Michigan Ross Healthcare Scholarship
News from Michigan Ross
“MBA applicants with an interest in healthcare now have even more reason to choose Michigan Ross, thanks to a new scholarship program funded by Eleanor & Michael Pinkert, BSE(EE) ‘64, MBA ‘65.
“The Pinkerts gifted $5.42 million to establish the Pinkert Scholars Program, which will provide full-ride scholarships each year to a select group of Ross MBA candidates who are focused on the business of healthcare and healthcare innovation.
“In addition to two years of full tuition coverage, the program offers students the learning experiences, mentorship, and alumni and company connections needed to accelerate careers in the dynamic and exciting world of healthcare, whether it be healthcare delivery, technology, medical devices, insurance, or biotech.”
Ross Professor Warns Congress About Danger Of A New Economic Collapse
News from Michigan Ross
“Michigan Ross Professor Jeremy Kress has warned about the dangers of failing to properly regulate nonbank financial institutions. At 10 a.m. Thursday, he’s scheduled to deliver that message to the U.S. Senate’s Committee on Banking, Housing, and Urban Affairs.
“The core issue is the Financial Stability Oversight Council’s responsibility to oversee financial institutions that are not banks, such as insurance and mortgage companies. The failure of some of these institutions led directly to the 2008 financial crisis.
“An important tool to oversee these companies is designating individual firms as systemically important financial institutions (SIFI). Kress argues that abandoning SIFI designations of these companies risks another broad economic collapse.”
Minding The (Income) Gap
News from Notre Dame University Mendoza College of Business
“My son loves Hot Wheels. When I was a kid, I loved them, too. I would peruse the toy aisle in a local supermarket for hours, pining over the cars, the tracks and the accessories. But the next time my son asks for one, I will think of this ratio: 4,987:1.
“You see, 4,987:1 is the pay ratio that Mattel, Hot Wheels’ parent company, disclosed earlier this year. It means that Mattel’s CEO, Margo Georgiadis, last year made 4,987 times more than a rank-and-file employee at the same company.
“This data point exists thanks to a small provision in the Dodd-Frank Act that requires public companies in the U.S. to provide a ratio comparing the pay of their highest-ranking employee to the median. Although Dodd-Frank became law in 2010, this provision faced many delays and did not take effect until this year.”
Armed Forces Club Helps Students Transition From Military Life To The Business World
News from Vanderbilt University Owen Graduate School of Management
“Business school is an adjustment for any student. Many have been out of school for several years and must adjust to having homework once again. Some also have families and must find a balance between their academic, professional, and home lives. For military veterans, this adjustment comes with the unique challenge of navigating the transition from military life to civilian life.
“’It’s a unique tipping point in somebody’s life where they’ve had (several) years in the military where that was their singular focus, and now they’re out of the military, so they’ve lost some of this higher purpose (from) the oath that they took to defend the Constitution and the nation’” said Tom Gallagher (MBA‘19), outgoing president of the Armed Forces Club.
“For military service members looking to transition into the corporate world, Owen’s Armed Forces Club provides a support network of current students who have successfully navigated the transition themselves. From navigating the admissions process to finding community on campus to recruiting for internships and jobs, the Armed Forces Club serves as a rich resource for military students at Owen.”