News from the University of Toronto Rotman School of Management
“The University of Toronto will implement a 1.3 per cent salary increase for all women faculty members who are tenured or in the tenure stream following an advisory group’s findings on gender-based pay equity. More than 800 women will receive an increase to their base salaries.
“The planned increase, to be implemented on July 1, 2019, will be applied to base salaries as of June 30. The move is designed to address a gender-based pay gap identified by the Provostial Advisory Group on Faculty Gender Pay Equity through an analysis conducted by faculty with expertise from the departments of economics and statistical sciences, as well as the Rotman School of Management.”
Award-Winning Professors: How We Change Students’ Lives
News from the University of Virginia Darden School of Business
“Faculty members at the University of Virginia seek to inspire and challenge the next generation, no matter what the discipline. At the same time, most of their students come to class motivated to change the world for the better.
“So how do professors help prepare students to find their paths forward?
“UVA’s best teachers, recognized Wednesday (April 24) at a dinner, strive to create ‘a positive environment for learning,’ as kinesiology professor Arthur Weltman put it – classroom environments where students can connect with each other and feel comfortable enough to be wrong. Being accessible is key; professors keep their doors open to students, extending their influence beyond the classroom. They employ both ‘the art and science’ of teaching, as neuroscientist Mary Kate Worden said.”
Solving The Problem Of ‘Too Big’ Banks
News from the University of Michigan Ross School of Business
“With an insider’s view, Jeremy Kress proposes an innovative way to limit the risks of large financial institutions. As the nation’s largest banks have grown even more since the 2008 financial crisis, there is a growing concern that some banks are ‘too big to manage’—that they can’t be appropriately monitored by their executives or directors.
“Leaders from across the political spectrum have called attention to the problem, some have suggested solutions, but none have taken hold.
“Kress, assistant professor of business law at the University of Michigan Ross School of Business, argues in a new paper that the answer already exists: The Federal Reserve should exercise the authority that it currently has—but has never used—to force divestitures by banks that don’t meet certain regulatory benchmarks.”
How Entrepreneurs Can Turn Lead Into Gold
News from Harvard Business School
“Entrepreneurs aren’t short on ideas for exciting new products or companies, but they are often short-sighted when it comes to finding ways to fund and build those projects.
“’There is a huge amount of discussion about how you come up with a new entrepreneurial possibility, Yelp for dogs or Uber for cats, or whatever,’ says Andy Wu, assistant professor of business administration in the Strategy unit of Harvard Business School. ‘What’s overlooked is a comprehensive framework for how you mobilize the resources—such as financing, employees, and partners—to bring the idea to life.'”
A Culture Of Honor
News from Oxford University Said Business School
“The first African American from the United States Military Academy at West Point to be selected for the Rhodes Scholarship, Christian Nattiel’s route to Oxford University is a story of determination, discipline and selflessness.
“The step-son of a military serviceman, he grew up in Florida before moving to Atlanta, Georgia, where he attended an inner-city high school struggling with the difficulties of concentrated poverty. ‘I will always remember my first day there,’ he said, ‘The teacher asked us to introduce ourselves to the class, and to tell them our aspirations. There was one student who felt too defeated to see any opportunities for themselves beyond welfare, and that stuck with me.’ Troubled by these experiences, Christian made it his life’s purpose to help people from disadvantaged communities raise their aspirations and improve their ability to self-determine their futures.
“As a young teenager, Christian knew he wanted to serve his country, but the infantry was not what he had in mind. ‘Growing up in the South, I always lived near military bases,’ he said. ‘I grew up seeing a lot of military personnel. And it impressed on me the culture of honour that comes with military service – that was something I looked up to and respected. At the same time, I lived near the MacDill Air Force base. I got to see fighter jets soaring overhead, and I knew then that is what I wanted to do.’”