March 26 Roundup
Professors from major US business schools sign open letter to Congress
President Trump has announced Congress would be budgeting $2 trillion to mitigate the economic impact of the Novel Coronavirus outbreak, supporting large corporations––such as airlines. In a live webinar to discuss why these financial academics penned the letter, professors from Stanford GSB and MIT Sloan voiced their concerns for the taxpayers who would have to foot the bill.
Stanford GSB professer, Anat Admati, calls it a “deeply misguided policy”.
“Bailing out corporations is actually bailing out investors,” her colleague, Jonathan Berk, explains. “Taxpayers are subsidizing investors.”
The open letter has been signed by over 150 leading economists and business school faculty all over America.
EDHEC Professor hosts online plank-off!
Imperial’s Sustainability Conference moves online
Imperial College Business School is virtually hosting its annual conference for the first time. Beyond Sustainability: Radically Rethinking the Purpose of Business includes the following key speakers:
Mike Coupe, CEO of Sainsbury's
Keith Tuffley, Global Co-Chair, Sustainable Banking & Corporate Transitions group at Citi
Katie Brewis, Head of Sustainability at Google EMEA
Andrew Jack, Global Education Editor at the Financial Times
Darden introduces additional flexibility to admissions process
The University of Virginia’s Darden School of Business is introducing more flexibility for candidates applying to the Full-Time MBA program starting in 2022.
The school has now transitioned to rolling admissions until July 15 2020 for final rounded applications. Due to disruptions to standardized testing facilities, Darden will now accept an expanded set of testing credentials––such as undergraduate entrance exams.
“Our message to prospective students is one of caring and flexibility,” says executive director of admissions Dawna Clarke. “We know how stressful applying to business school can be in the best of times; in a time of unprecedented disruption, we stand ready to work with applicants to make this process as flexible as possible.”
UNC Kenan-Flagler Business School debates the knock-on effects of COVID-19 pandemic
The Kenan Institute of Private Enterprise at UNC Kenan-Flagler Business School recently hosted a panel of their faculty experts to share their thoughts on the COVID-19 pandemic that is rocking the global economy. The conversation that took place is recorded and available.
They focused on:
Working while sick and stressed
Global economic and financial market implications
The nation's 'working poor' and how this impacts them
Managing personal finances
Infrastructure and procedures to keep operations running while prioritizing employee safety.