B-School Bulletin: 10 Things I've Already Learned At HBS

Wendy Kenigsberg/Brand Communications

When Loyalty Trumps Honesty: Judging Loyal Lies

News from Cornell University Johnson Graduate School of Management

“In the workplace, in politics, on the softball team – almost anywhere there’s social interaction – people are sometimes deceitful out of loyalty to their group.

“How do others judge these loyal lies? Is the dishonesty viewed as bad, because lying is unethical? Or is it seen as good, because loyalty is a virtue?

“A Cornell professor and his colleague offer an uncomfortable answer that suggests we should tread lightly when we think we’re doing the right thing.”

Vanderbilt Owen

New Scholarship Boosts B-School’s Resources For Veterans

News from Vanderbilt University Owen Graduate School of Management

“The Owen Graduate School of Management is one of five graduate schools at Vanderbilt University to participate in the new Bass Military Scholars Program. The program is funded by a $25 million gift from the Lee and Ramona Bass Foundation, which will provide financial aid and programming support for military veterans at five of Vanderbilt’s graduate schools: Owen, the Law School, Peabody College, the School of Medicine, and the School of Nursing.

“Starting in the 2019-2020 academic year, the Bass Military Scholars Program will fund at least six scholarships for veterans. Once fully endowed, the Bass Military Scholars Program is expected to support a cohort of 40 students annually among the five schools and colleges. This gift builds on an enduring commitment by Vanderbilt and the Lee and Ramona Bass Foundation to educate and support military officers and veterans.”

Hennepin County Sheriff’s Office

Billionaire Richard Liu Turned Over To Prosecutors In Sexual Assault Case

News from University of Minnesota Carlson School of Management

“The investigation into the sexual assault case against Chinese billionaire Richard Liu has been turned over to prosecutors, Hennepin County Attorney Mike Freeman announced in a Thursday press release.

“Liu, the founder of Chinese online retailer JD.com and a student in the University of Minnesota Carlson School of Management’s Doctor of Business Administration program, was arrested in August for allegedly sexually assaulting a UMN student and was investigated by the Minneapolis Police Department.”

Peter Christoffersen was devoted to teaching and wrote the seminal textbook “Elements of Financial Risk Management.” Rotman photo

Peter Christoffersen, Rotman Expert In Financial Risk, Was ‘A Global Thinker Pushing The Boundaries’

News from University of Toronto Rotman School of Management

“Peter Christoffersen was an outstanding scholar whose work had a profound influence in the world of business and finance, but he remained modest, easygoing and devoted to his family, friends and colleagues.

“Christoffersen, a professor of finance at the Rotman School of Management, was a leading expert on the management of risk – a crucial issue for the financial and business community, and the economy as a whole. He held the TMX Chair in Capital Markets and twice was a Bank of Canada fellow.

“Christoffersen’s stellar career was cut short in June, when he died of cancer at the age of 51.”

Summer

New Start-Up To Help Manage Student Loans

News from Yale SOM

“For several years, Will Sealy SOM ’17 worked in the federal government trying to tackle the problem of student loans; he worked on formulating policy, regulating the industry and suing predatory lenders. More recently, he co-founded Summer, a startup to help borrowers manage their student loans. Now, the app is set to launch nationwide.

“Summer, which Sealy launched with Paul Joo ’12 SOM ’18 LAW ’18 in the spring of 2017, helps borrowers keep track of their student loans and assists them in beginning a repayment plan that could save them money. The app is already being used by graduates of Yale’s School of Management and the Columbia Business School, and it will soon expand to multiple programs at Tufts University. Sealy said that the team’s current goal is to bring Summer to 100 higher education institutions over the next year, including community colleges.”

Questions about this article? Email us or leave a comment below.