The items in this section represent a small portion of recent media coverage about Tuck and Tuck Executive Education. For more information please contact: Joan Johnson at 603-646-2839.
WALL STREET JOURNAL
An article about elite advanced management programs highlights the Tuck Executive Program and article describes how experienced executives on the brink of a promotion can benefit from attending an advanced management program. These programs center on teaching participants how to lead-from managing massive networks of people and products to executing a vision.
Professor M. Eric Johnson’s expertise was tapped to discuss changes in the nation’s toy industry. Due to rising costs of labor, materials, and energy, forthcoming toys will be simpler and more expensive. Johnson explains that despite changes, such as creating online material instead of using a bigger memory chip in high-tech toys, consumers could still face a 5 to 10 percent price increase on many toys later this year. The Associated Press story appeared in numerous outlets worldwide.
Despite Microsoft’s bid to buy Yahoo Inc., Google will remain stable in its dominant position as the top holder of Internet search market share. The Microsoft-Yahoo deal may prove beneficial in terms of increasing Internet advertising space, and the unification of the two companies could provide more effective competition with Google than either Microsoft or Yahoo has individually. Professor Anant Sundaram was tapped to comment on the potential effects of the buyout on shareholders. "This is a great deal for Yahoo’s shareholders, but an iffy one for Microsoft’s shareholders," he says, adding that Microsoft’s valuation for Yahoo presumes synergy goals that will be difficult to achieve, resulting in negative repercussions for Microsoft. Sundaram's opinion on the Microsoft-Yahoo deal has been widely cited in other news outlets such as the Associated Press.
PBS: NIGHTLY BUSINESS REPORT
Professor M. Eric Johnson and NBR anchor Susie Gharib discuss toy safety in light of recent recalls. Johnson explains that the problem lies deep within the supply chain: "Suppliers have to be managing their suppliers and their suppliers' suppliers, and that is going to be a challenge." Companies must keep track of what Johnson calls "product genealogy" and answer the question, "Where did the stuff come from that went into your stuff?"
NATIONAL PUBLIC RADIO
NPR Marketplace turns to Professor Robert Howell to shed light on Citigroup's decision to voluntarily place $49 billion in subprime mortgage liabilities on its balance sheet. Howell says Citi is right to support its funds or else it might have trouble doing business in the future. "If I lent you money and you didn't pay me back, I might not be very interested in lending you money again," says Howell. The professor also speculates that other banks might follow Citi's lead, "maybe just to shore up the financial system and be a good citizen, take responsibility for creating instruments which were full of holes."
The magazine covered the launch event of ASCENT, a nonprofit organization founded by Professor Ella Bell. "This is a program, the first one we know of its kind, that is totally developed to the advancement and the retention of multicultural women; translated, all women in the workplace," says Bell.
THE WASHINGTON POST
The article "Are You Smarter Than an Airline?" appeared as part of a larger series on the hassles of air travel, and in it Professor Robert Shumsky explains why airlines intentionally schedule tight connections between flights. "Longer connection times mean that airplanes spend more time on the ground waiting for passengers, which leads to lower aircraft utilization and thus less revenue per airplane," Shumsky says.
Back in Business alumna Beth Noymer Levine talks about her reasons for
attending the program and the unqualified success that it was. "The
bottom line for me is that, even a year ago, I would have told you that
my best, most exciting career years were behind me, but now, without
question, I know that my best years are ahead of me," she said.She is not the only participant who felt that way. Indeed, Back in Business had such a strong response that Tuck is offering it again this autumn.
The magazine highlights Professor Vijay Govindarajan's appointment to serve as GE's professor in residence in the article "The Innovation Doctor Is in." VG will consult on "imagination breakthrough" projects and be available to managers; however, he will continue teaching his popular elective course at the Tuck School during his stint at GE.
Professor Constance Helfat comments in a feature about the Back in Business program, which helps professionals get the tools they need to re-enter the workforce. "We'll help participants step forward with confidence and build a new career in line with their experience and aspirations," says Helfat.
THE NEW YORK TIMES
Tuck’s Back in Business program helps women seeking to return to the workforce. Several women from the inaugural class spoke about their success in finding jobs especially on Wall Street after attending the program which not only refreshed their skills but also reinvigorated their confidence. Companies such as Goldman Sachs, Merrill Lynch, and Citigroup have hired Tuck graduates.
TIMES OF INDIA
This article features Tuck professor Vijay Govindarajan being named professor in Residence and chief innovation consultant at General Electric. His main focus will be “to help the company advance its innovation agenda”. In the article, Govindarajan states, "My area of expertise is how to create breakthrough businesses while managing the current business. And this is what I will do at GE as well."
THE WALL STREET JOURNAL
Professor Matthew Slaughter contributes "Let's Have a Real Debate on Globalization," a commentary about globalization and the Democratic presidential candidate debates held at Dartmouth. Slaughter makes the case that globalization has helped the U.S. economy and American consumers. He outlines a plan to make the benefits of globalization reach even more Americans.
THE WALL STREET JOURNAL
Autodesk and Constellation Brands discuss why they chose to collaborate with Tuck to create a custom program that addressed their particular needs. According to the article "schools are finding that such customized offerings promise the most growth in the increasingly competitive executive-education market." Gigi Lamb, senior vice president and chief human-resources officer at Constellation Brands commented, “We found we had some people at very senior levels who were going to retire or change positions soon, creating a gap in our succession plan. We wanted to develop people and increase the bench strength for our top key positions.”
Once again, Tuck was ranked #1 by Forbes magazine in their ranking of the best business schools in the country. The magazine ranks business schools biennially based on the return on investment for its graduates. This is the second consecutive time that Tuck has held the #1 spot in this ranking.
Dean Paul Danos comments for a story on the efforts of smaller auditing firms to catch up with the dominant "Big Four" firms five years after Sarbanes-Oxley. Despite progress, there is still a problem of public opinion. "CEOs and CFOs have a real psychological comfort level with the top firms," says Danos. "There is a fear that markets will take it wrong if you don't go with a Big Four firm."
MARKETPLACE MORNING REPORT
In a story on Mattel's recall of more than nine million toys, Doug Krizner gets feedback from Professor M. Eric Johnson, who follows the toy industry. "The lesson here and the lesson I'll be teaching my students is that, you know, when you outsource to China—just as you outsource to any new environment—you have to really understand the supplier base," Johnson says.
PBS: NEWS HOUR WITH JIM LEHRER
In the segment, "World's Largest Toy-Maker Issues Second Major Recall," Professor M. Eric Johnson comments on Mattel's problems. "The problem is difficult, and it's difficult because you're thinking about not just those firms that make the toys, but the suppliers to those firms and the suppliers to the suppliers. And that is really the story that I think we're going to see all year," Johnson said.
The Best Global Brand list ranks the hundred top brands of this year. New brands to the list, brands bumped off, and up-and-coming brands are discussed in the article "Global Brands: The Breakdown." Several insurance companies placed in the ranking for the first time due to advanced consumer marketing efforts while Bulgari, Armani, and other fashion brands fell from the list. "Whenever you're in the luxury category it's always tricky to keep it alive and growing," Professor Kevin Lane Keller says. "Bulgari should determine where it wants to play: ultra-rich, rich or aspirational rich."
THE NEW YORK TIMES
I.B.M. recently announced that it will start offering its U.S. employees specialized savings accounts for training and education. As discussed in "I.B.M. Plan Ties Training and Accounts," these interest-bearing accounts will allow employees to determine how and when to spend the money as well as the opportunity to acquire the account upon leaving the company. Samuel Palmisano, chief executive of the company, was a driving force behind the formation of these accounts and their resemblance to 401(k) retirement plans. According to Professor Matthew Slaughter, the I.B.M. move is "precisely the kind of policy we'd like to see throughout the economy."
The article "Advocacy Mashups Harness Power of Mapping," describes the new Google Earth Outreach. Directed towards nonprofits and activists, the service makes the mapping process easy, permitting users to call attention to and advocate for issues important to them. Tuck's Senior Research Fellow Quintus Jett traveled to New Orleans with a group of students to map a neighborhood which was 80 percent flooded. With the use of this technology, Jett and his team found that the neighborhood was recovering, and demonstrated how everyday citizens can take action when natural disasters occur. He explains, "There is decaying public infrastructure, global climate change and the threat of global terror. When there's a problem that occurs, why leave it to just the government?"
THE CHRISTIAN SCIENCE MONITOR
The article "Black's conviction presents latest deterrent against CEO misdeeds" follows up on the aftermath of Conrad Black's trial and the buzz surrounding white-collar crime. Black's is the latest among other investigations of CEO transgressions and his trial serves as a warning for business tycoons. Dean Paul Danos comments, "People are being extremely careful today." Most executives "will rightly reckon that they have a lot more to lose than to gain from bad behavior."
THE WALL STREET JOURNAL
The cover story, "Foreign Investors Face New Hurdles Across the Globe," Professor Matthew Slaughter addresses the issue of growing restrictions on foreign direct investments. The article explains how government-imposed restrictions threaten the success of multinational companies. Canada, China, Russia, and the U.S. are examples of countries that have grown wary of foreign acquirers and are limiting international ownership of physical assets. This trend which threatens international investments poses a risk for U.S. multinational corporations. Slaughter says, "This really matters because U.S.-headquartered multinational firms serve foreign markets overwhelmingly through sales in their foreign affiliates, not through exports from the United States."
Professor Kevin Lane Keller discusses the dairy company Stoneyfield Farm and its fight to keep on top of the organic, all-natural food market amidst growing rivalries in the industry. "It's the classic niche problem," Keller says. "If other people leave you alone, you're fine. Once competition comes in, you're no longer able to compete by virtue of the fact that you're the only people there."
The article "Powerplay: Geography Lessons" outlines the experiences of Roosevelt Dillard, who attended Tuck's Global Leadership 2020 program. "It broadened my perspective and made me more appreciative and accepting of the way others do business," says Dillard. Executive director of Executive Education at Tuck, Clark Callahan, adds that the program strives to "inculcate a global mindset among next-generation leaders, people who will go to China and India and other markets that aren't native to them and lead functions and businesses."
The cover story "The Real Cost of Offshoring" features comments by Professor Matthew Slaughter. The article states that the harmful effects of outsourcing American jobs to low-cost countries are being hidden by a mistake in the way U.S. economic output is calculated. This mistake, caused by the way the statistics treat offshoring, creates a "phantom GDP" in which gains don't correspond to genuine domestic production. "There are potentially big implications," says Slaughter. "I worry about how pervasive this is."
DOW JONES NEWS SERVICE
The article "Sharing MP3s May Mean Sharing Far More" outlines Professor M. Eric Johnson's extensive studies on the danger that information leaks could spring through peer-to-peer file-sharing networks. A user intending to merely share music could accidentally give other users access to sensitive information on his or her computer, says Johnson. The article appeared in numerous publications, including Forbes online, The Wall Street Journal, International Herald Tribune (France), and the Houston Chronicle.
Professor Paul Argenti discusses Fidelity Investment's divesting of its stakes in PetroChina due to pressure from human rights groups opposed to the Chinese company's links to the oil industry in Sudan. Argenti says the human rights groups launched an impressive campaign. "It was a multi-pronged attack that was a great example of how NGOs (nongovernmental organizations) can very effectively force companies into acting more responsibly," he says.
THE WALL STREET JOURNAL
Professor Matthew Slaughter contributes a commentary called "Yuan Worries” in which he discusses the issues surrounding the dollar-to-yuan exchange rate.
THE TIMES (UK)
In article on the value of an MBA in general management versus specialized MBA degrees, Tuck's Dean Paul Danos supports the generalist MBA. "We find that the leading employers of MBA graduates, such as consulting firms, financial service firms and global corporations, want a graduate with adequate depth and the breadth to take on leadership roles," he says. "Tuck's focus on general management produces well-rounded business executives who understand the entire scope of managing a company or organization."
DOW JONES NEWSWIRES
Professor Matthew Slaughter, who recently served as a member of President Bush's Council of Economic Advisers, is interviewed in an article about the Federal Reserve's meeting, where they left the interest rate unchanged. Slaughter warns that it will take some time for the true nature of the economy to reveal itself, and says that "At times like this many central banks find there's big value in waiting," which argues for no near term change in monetary policy.
ON POINT (NPR)
Professor Andrew Bernard is interviewed for a segment on the future of American exports. "(The) United States is the number one manufacturing country in the world," he says. "What's really driving the exports up is that the domestic economy has been good, and when things are good at home, companies look to the foreign markets to expand."
THE WALL STREET JOURNAL
An article discusses Goldman Sachs' environmental policies and criticisms expected to be raised at the firm's annual meeting. Professor Andrew King comments on environmentally minded business endeavors, saying that they provide "huge profit opportunities."
An article discusses a new SEC measure meant to make it easier for international companies to pull their stocks from the U.S. securities markets and avoid federal regulations. Professor Anant Sundaram says that larger multinationals such as Sony and Ericsson will probably not be affected by the new rule, since they have a larger stake in the U.S. market, but smaller listers from larger markets will be prime candidates.
THE TIMES OF INDIA
The publication speaks with Professor Sydney Finkelstein about his research on leadership successes and failure and his book Why Smart Executives Fail: And What You Can Learn From Their Mistakes (Portfolio, 2003). "There is so much literature on success already...we can learn so much from failure and bad practices," he says.
A write-up on the study, "The Pipeline to the Top: Women and Men in the Top Executive Ranks of U.S. Corporations," coauthored by Professor Constance Helfat and Tuck colleague Paul Wolfson notes that "Despite advances in the corporate sphere, it's still lonely at the top for female CEOs—and will be for at least another decade," based on the predictions of the study.