New STEM Concentration in Business Analytics Introduced at Lehigh
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The Lehigh University College of Business and Economics recently announced a brand new addition to its One Year MBA (1-MBA) program, with a STEM concentration in business analytics.
Continue reading…Cornell Johnson Announces New Dean, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Kevin Hallock Named Dean of SC Johnson College of Business – Cornell Chronicle
The SC Johnson Graduate School of Management at Cornell University recently announced noted economist Kevin F. Hallock as its new Dean, effective December 15 and expected to run through June 30, 2024.
Provost Michael Kotlikoff explained the unique qualifications of Professor Hallock, an “expert on executive compensation, compensation design and labor markets.”
“As an accomplished economist, scholar and administrator, Kevin provides the Cornell SC Johnson College of Business with the leadership to maximize its enormous potential. His thorough familiarity with Cornell’s administrative workings is a significant asset, and the college will be well served by his deep understanding of business administration theory and practice.”
Hallock reportedly told the Cornell Chronicle that he is “grateful and excited to start this new chapter at Cornell.”
“The Cornell SC Johnson College of Business, in its infancy, faces challenges, like many new organizations, and those challenges are part of what attracted me to this role. But there is also enormous opportunity, outstanding strength and unique advantages in the college and its three schools. I am excited to work with its talented staff, students, faculty and alumni, and I am exceptionally optimistic about the future of the college.”
You can read more from the Cornell Chronicle article here.
College of Business and Economics Donates Barron’s Subscription to BASD – Lehigh College of Business and Economics News
The Lehigh College of Business and Economics recently donated a 12-month subscription to Barron’s to the Bethlehem Area School District (BASD), which Dean Georgette Chapman Phillips explains is an effort to provide “experiential learning opportunities “ to BASD students and faculty.
According to the article, Barron’s “covers global financial information, market developments, and includes a weekly summary of market activity.”
BASD Assistant Superintendent for Education and Chief Academic Officer Jack Silva explains, “The subscription will be used by students in our government and economics class. It’s a valuable resource that they can access 24/7 and supports our existing curriculum.”
Dean Phillips writes, “We are partnering with our community by sharing what we do best—business education.”
You can find out more about the donation and the business school here.
Finding Narratives in Numbers in Financial Reporting – Stevens Institute of Technology School of Business News
The Stevens Institute of Technology School of Business recently profiled Associate Professor of Accounting Dr. Elaine Henry, who’s work focuses on financial reporting as communication and recently coauthored a new Review of Accounting Studies paper on “flexibility in cash-flow classifications under the International Financial Reporting Standards.”
In an interview with the Stevens Institute of Technology School of Business News, Dr. Henry explains how they are continually inspired by the challenge that companies face to “tell their stories better and describe their economic reality more clearly.”
When it comes to financial reporting, there are stark differences between domestic and international guidelines that determine “how the underlying economic reality is portrayed.”
For instance, “under U.S. GAAP, companies must categorize interest paid, interest received and dividends received as operating cash flow, but IFRS gives companies the freedom to classify these items under operating, financing or investing cash flow. If, for example, an IFRS company chooses to classify its interest paid as a financing activity rather than an operating activity, that choice will result in the company showing a larger amount of operating cash flow—an important metric for financial analysis and valuation.”
You can read the rest of the Stevens interview with Dr. Elaine Henry here.
Lehigh Alum Donates $5 Million to Business School
Sanjay Shah, CEO of Vistex, Inc., recently donated $5 million to Lehigh University to fund the Vistex Institute for Executive Learning and Research, three decades after he left India to attend the school.
“Lehigh was my gateway to life in the United States. Lehigh will always have a special place for me. The U.S. is my home,” Shah said.
This gift was intended to help Lehigh expand their executive education program.
“This gift is absolutely, positively transformational. The gift allows us to expand our offerings, footprint, and partner with Vistex. It is not just a gift. It is truly an intellectual partnership,” said Georgette Chapman Phillips, dean of the Lehigh College of Business and Economics.
Shah launched his software company in 1999, and gave Lehigh this donation with the hope that Vistex could offer its resources to the executive program.
Shah said, “Since we also work with some of the best known brands in the world I believe that our participation, not just in the commissioning of the institute, but as it also develops and grows, we will be able to bring our clients and their perspectives into the programs as well.”
Historically, Lehigh has not had a developed executive education program. However, in 2016, the school brought on David Welsh to design and direct an executive program.
When asked about the new program, Phillips said, “The whole idea is we want people to never stop learning and we want to be their partner from (age) 18 to 80.”
Shah’s donation will be used to erect a new building and provide a greater wealth of resources to students.
Lehigh President John D. Simon praised Shah for his generosity, saying, “With this support, Mr. Shah is embodying the coward-thinking, impact-driven ethos of Lehigh graduates by utilizing his passion for the university and for lifelong education to support future leaders.”
Researchers Examine Privacy and Security at Lehigh Business
Experts are willing to tackle the controversial topic of security and privacy at Lehigh University College of Business and Economics. When it comes to big data, security and privacy connect closely with the business world—even if not all businesses are up to speed.
The school held a meeting on Sept. 15 where tech, privacy, and legal experts came to the New York City campus to discuss the subject. The annual Impact Symposium featured the likes of Bracket Computing Inc. CEO Tom Gillis and New America Foundation Senior Fellow P.W. Singer, who were the keynote speakers, and both focused on issues of data privacy and data security, per a press release.
“Cybersecurity is framed too often as something that’s really complex,” said Singer, in the press release. “But I think it’s relatively simple: What can you do with information?”
The speakers shared with students how they view this changing landscape. Business professionals must understand the legalities surrounding our constantly evolving technology. And not just what’s legal, but what is ethical. And, as Singer emphasized, what is possible. Still, issues surrounding technology, privacy, and security stretch far beyond the business world. They impact the military and disaster zones, too, for example, having real-world consequences.
Students also heard from Georgette Chapman Phillips, the Dean of the College of Business and Economics. as well as from Provost Patrick V. Farrell. Farrell was sure to note how the topics become even more relevant as companies like Equifax failed to protect the privacy and security of their customers and users. There’s also HBO, which also suffered its own large-scale hacking recently.
Lehigh is committed to keeping its students up to date as the field continues to change. This symposium is just one taste. “The impact of cyberattacks keeps growing,” Gillis said. “It’s more than a financial impact. It’s literally changing the fate of the nation. And will continue to do so.”
Lehigh CBE Hosts Symposium on Earnings and Wages
A recent symposium at Lehigh University’s College of Business and Economics (Lehigh CBE) held great interest for both MBAs with work experience and for those who may just be starting on their career paths.
On September 30th, economists, community leaders and educators gathered at the college’s Rauch Business Center to address a vital and timely question—who is responsible for earnings decisions for our country’s workers?
