Wharton in the News
August 2007

Kiplinger's Personal Finance Magazine, 8/1/07 - Lisa Bolton, assistant professor of Marketing, was quoted in an article that reviewed five online retirement planning tools. (A similar article appeared in Deseret Morning News on 8/5/07.)

Kiplinger's Personal Finance Magazine, 8/1/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was cited in an article about the profitability of mega-cap stocks.

Money, 8/1/07 - Witold Rybczynski, Martin & Margy Meyerson Professor of Urbanism; professor of Real Estate, was quoted in an editorial concerning great small towns in which to live.

Money, 8/1/07 - Jack Guttentag, professor emeritus of Finance, was quoted in an article about the need for, and selection of, mortgage brokers.

Business 2.0, 8/1/07 - Tonio Palmer, director of Language Programs at the Lauder Institute, was quoted in a story about programs that recruit MBA graduates in social entrepreneurship.

Employee Benefit News, 8/1/07 - The Knowledge@Wharton article, "Workplace Loyalties Change, but the Value of Mentoring Doesn't," was reprinted from 5/16/07.

The Salt Lake Tribune, 8/1/07 - A Wharton study about forecasting methodology related to climate research was mentioned in an article about climate change in Utah.

NPR, 8/1/07 - Peter Capelli, George W. Taylor Professor of Management; director, Center for Human Resources, was interviewed on "Morning Edition" regarding a recent study about how employees spend their time at work.

The Hindu (India), 8/2/07 - Marketing that Works, published by Wharton School Publishing, and co-authored by Leonard Lodish, Samuel R. Harrell Professor; professor of Marketing, was cited in an article about Unilever advertising strategies.

The Financial Times Limited (Israel Business Arena), 8/2/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was mentioned in an article about the state of the domestic and global economies.

The Washington Post, 8/3/07 - Jack Guttentag, professor emeritus of Finance, authored a column about how to balance brokers' fees and borrowers' needs.

The New York Times, 8/6/07 - The Knowledge@Wharton article, "Turbulence Continues to Roil the Airline Industry," was cited in a column highlighting online news items.

The Philadelphia Inquirer, 8/5/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was quoted in an article about problems in the mortgage market.

The Orange County Register, 8/5/07 - Wharton research was cited in an article about the cost that employers bear from unplanned worker absences and what can be done to combat the problem. (The same article ran again on 8/6/07.)

Los Angeles Times, 8/5/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was interviewed for a column about homeowners' use of a "short" sale as an alternative to foreclosure.

BusinessWeek, 8/6/07 - Peter Cappelli, George W. Taylor Professor of Management; Director, Center for Human Resources, was quoted in a story about how companies are dealing with workplace stress.

The Wall Street Journal, 8/6/07 - Research by Gary Gorton, Robert Morris Professor of Banking; professor of Finance, was cited in an article regarding how it is becoming more difficult to find assets that aren't highly correlated to the movement of other markets.

USA Today, 8/7/07 - Peter Cappelli, George W. Taylor Professor of Management; director, Center for Human Resources, was quoted in a story about the choice of Robert Nardelli as the new CEO of Chrysler.

The New York Times, 8/7/07 - Michael Useem, The William and Jacalyn Egan Professor; professor of Management, was quoted in an article about the appointment of Robert Nardelli as the CEO of Chrysler.

The Wall Street Journal, 8/8/07 - David F. Babbel, Professor Emeritus of Insurance and Risk Management and Finance, was interviewed regarding his research about how income annuities can provide retirees with an income stream that will last longer and cost less than a traditional stock, bond, and cash mix.

The Miami Herald, 8/8/07 - Ken Thomas, Finance lecturer at Wharton, was quoted in a story about the high number of sanctions that federal regulators have assessed against banks based in South Florida.

The Wall Street Journal, 8/8/07 - David Babbel, Professor Emeritus of Insurance and Risk Management and Finance, was quoted in an article regarding the use of income annuities as retirement income. The paper that he co-authored on the topic was also cited.

Asian News International, 8/8/07 - A study co-authored by Patti Williams, associate professor of Marketing, about the emotional consequences of engaging in indulgent consumption exhibited by prudent and impulsive consumers was featured. (A similar article appeared in Newsweek on 8/17.)

Financial Times.com, 8/8/07 - Andrew Metrick, associate professor of Finance, was quoted in an article about Blackstone and private equity funds.

The Record, 8/8/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was cited in an article about how stocks are expected to remain volatile until the credit crisis is resolved.

BusinessWeek Online, 8/9/07 - Andrew Metrick, associate professor of Finance, was quoted in a story that highlights the differences between proponents and detractors of private equity.

US News & World Report, 8/9/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was interviewed regarding six tips for buying foreign stocks.

NPR, 8/9/07 - Witold Rybczynski, Martin & Margy Meyerson Professor of Urbanism; professor of Real Estate, was interviewed on "Day to Day" regarding prefabricated housing.

ABC News, 8/9/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, appeared on "World News with Charles Gibson" regarding the volatility in the markets.

The Philadelphia Inquirer, 8/10/07 - Stephen Hoch, Patty and Jay H. Baker Professor; professor of Marketing; director, Jay H. Baker Retailing Initiative, was quoted in a story about Jones Apparel Group Inc.

TheStreet.com, 8/10/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was interviewed regarding investment strategies.

The Wall Street Journal, 8/10/07 - Stephen Hoch, Patty and Jay H. Baker Professor; professor of Marketing; director, Jay H. Baker Retailing Initiative, was quoted in an article about U.S. retail sales in July. (The same story ran in Dow Jones News Service on 8/9 and The Wall Street Journal Asia on 8/10.)

Daily Press (Virginia), 8/10/07 - The Leadership and Development summer institute, a partnership of corporations and business schools that was started by Wharton, was mentioned in an article regarding this year's high school participants.

Hindustan Times, 8/10/07 - A report from Wharton's online journal, Knowledge@Wharton, was cited in an article about Indo-US civilian nuclear negotiations and their likely impact on the power plant and defense industries of India.

The Philadelphia Inquirer, 8/10/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was quoted in a story about the impact of the subprime market on local firms.

The Washington Post, 8/11/07 - Jack Guttentag, professor emeritus of Finance, authored a column about how the market is correcting a previous tendency to under-price mortgage risk.

Inquirer.net (Philippines), 8/12/07 - The Knowledge@Wharton article, "Turning around the London Subway System: From Terrorism to the Olympics," was cited in an article about leadership during crisis.

The Philadelphia Inquirer, 8/13/07 - The Wharton Non-Profit Board Leadership Program was mentioned in a commentary about how more MBA's are needed to run effective and efficient nonprofit organizations in this era of philanthropy.

Houston Chronicle, 8/13/07 - Tom Donaldson, Mark O. Winkelman Professor; professor of Legal Studies and Business Ethics, was quoted in an article regarding the need to separate the media from law enforcement efforts.

El Pais (Spain), 8/13/07 - Mauro Guillen, Dr. Felix Zandman Professor in International Management; professor of Management and Sociology; director, Joseph H. Lauder Institute for Management & International Studies, authored an op-ed about the mortgage crisis in the U.S. and comparing it to developments in Spain.

Financial Times, 8/14/07 - Andrew Metrick, associate professor of Finance, was quoted in an article describing changes in the private equity industry.

International Herald Tribune, 8/14/07 - Mauro Guillen, Dr. Felix Zandman Professor in International Management; professor of Management and Sociology; director, Joseph H. Lauder Institute for Management & International Studies, was quoted in a story about how the stocks in emerging markets are now selling at a premium. (The same story appeared in the Business Standard.)

The Globe and Mail (Canada), 8/15/07 - "The Self-Destructive Habits of Good Companies, published by Wharton School Publishing, was reviewed.

The Wall Street Journal, 8/15/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was quoted in an article about how best to diversify an investment portfolio. (The same article appeared in Dow Jones Business News, the Chinese Financial Wire and Philadelphia Inquirer on 8/16/07, and The Seattle Times on 8/26.)

CNBC, 8/15/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was interviewed on "Squawk Box" regarding his outlook on the markets.

The Press Trust of India Limited, 8/15/07 - Jagmohan S Raju, Joseph J. Aresty Professor; professor of Marketing, was quoted in an article about how Indian IT companies are expected to acquire more U.S. firms.

Eonomist Intelligence Unit, 8/15/07 - Erwann Michel-Kerjan, managing director of the Center for Risk Management and Decision Processes, was interviewed regarding his views on why the private sector must take a leadership role in assuring a safer environment, and how the world's increasing interconnectedness breeds risk.

Pittsburgh Post-Gazette, 8/17/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was quoted in an article about how turmoil in the mortgage industry has impacted families planning to use home equity to finance higher education costs.

Reuters News, 8/17/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was quoted in an article regarding the connection between the mortgage market and the Federal Reserve's move to lower its discount rate on loans made directly to banks.

The Washington Post, 8/18/07 - Jack Guttentag, professor emeritus of Finance, authored a column about the merits of paying down the balance on a fixed-rate mortgage versus investing the money elsewhere.

The New York Times, 8/19/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was quoted in an article examining how problems developed in the real estate market.

Barron's, 8/20/07 - Research by Jeremy Siegel, Russell E. Palmer Professor of Finance, was cited in an article about how many electronic investors are turning to dividend-paying stocks and funds during market volatility.

The Times of India, 8/20/07 - Chris Higgins, senior associate director of MBA Career Management, was quoted in a story regarding a recently released survey on worldwide MBA recruitment.

The Christian Science Monitor, 8/20/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was quoted in an article about various types of stock indexing and how related investments may fare if the volatility of the market increases.

Marketplace, 8/21/07 - Ken Thomas, Finance lecturer at Wharton, was interviewed regarding Federal Reserve Chairman Ben Bernanke's actions. He was also interviewed on 8/20 by WBBR, (Boston) and Bloomberg News regarding interest rate changes that Bernanke might impose. (His comments appeared in The Salt Lake Tribune, the National Post, the Montreal Gazette and other publications on 8/20 - 8/27.)

Reuters News, 8/22/07 - Gary Gorton, Robert Morris Professor of Banking; professor of Finance, was quoted in an article about how supply and demand over the long term matter more to commodities than short-term moves caused by financial market. The paper he co-authored, "Facts and Fantasies about Commodity Futures," was also cited.

Chicago Sun-Times, 8/22/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was quoted in a story about the relationship between the foreclosure rate and consumer confidence. (A similar article appeared in the Deseret Morning News and the Calgary Herald.)

Reuters, 8/23/07 - Marshall Meyer, Richard A. Sapp Professor; professor of Management and Sociology, was quoted in a story about recent toy and food recalls faced by companies that export their manufacturing and the impact that they have on corporate image and costs.

BusinessWeek Online, 8/23/07 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was quoted in an article about the increasing visibility of business schools and "star professors" and how their influence extends outside the classroom to boardrooms, best-seller lists, and beyond.

The Economist, 8/23/07 - Mark Pauly, Bendheim Professor; professor of Health Care Systems, Business and Public Policy, Insurance and Risk Management, and Economics, and Jean Lemaire, The Julian Aresty Professor; professor of Insurance and Actuarial Science, were quoted in an article about genetic testing, its promise for healthcare, and the challenges it poses to the insurance industry.

BusinessWeek Online, 8/23/07 - Undergraduate Boris Silver, W'10, was mentioned in a story about Facebook's use of software applications by outside developers.

The New York Times, 8/23/07 - David Hsu, Edward B. and Shirley R. Shils Term Assistant Professor of Management, was quoted in a story about the way business owners in outmoded industries can find ways to remain competitive.

The Baltimore Sun, 8/24/07 - Abraham Wyner, associate professor of Statistics, was quoted in a story about how statistical averages relate to the Baltimore Orioles' recent defeat.

The New York Times, 8/25/07 - Howard Kunreuther, Cecilia Yen Koo Professor; professor of Decision Sciences and Business and Public Policy; Co-Director, Risk Management and Decision Processes Center , authored an op-ed about how to finance the costs of natural disasters and to encourage individuals in hazard-prone areas to undertake mitigation measures.

The Washington Post, 8/25/07 - Jack Guttentag, professor emeritus of Finance, authored a column about stated-income loans and the differences in documentation required by other types of loans.

National Post, 8/25/07 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was quoted in an article about the relationship between plunging home equity, U.S. consumer spending, and possible recession.

El Pais (Spain), 8/26/07 - The book, Santander, el banco, co-authored by Mauro Guillen, Dr. Felix Zandman Professor in International Management; professor of Management and Sociology, and Adrian Tschoegl, Wharton lecturer in Management, was summarized.

The Times of India, 8/26/07 - Jitendra Singh, Saul P. Steinberg Professor of Management, was cited in an article about whether the emergence of multinational corporations in India will help ease corruption in the nation.

Investment News, 8/27/07 - The study, "Investing your Lump Sum at Retirment," by David Babbel, a fellow at the Wharton Financial Institutions Center and professor emeritus of Insurance, Risk Management and Finance, was featured in an article about the use of income annuities as a means for retirement income.

National Public Radio, 8/27/07 - Andrew Metrick, associate professor of Finance, was interviewed on "Day to Day" regarding private equity in a story about the sale of Home Depot's construction supply unit.

National Public Radio, 8/27/07 - Justin Wolfers, assistant professor of Business and Public Policy, was interviewed on "Morning Edition" regarding his research in a story about gambling.

Associated Press, 8/28/07 - It was announced that David Schmittlein, deputy dean of the Wharton School since 2000, has been appointed dean of the Massachusetts Institute of Technology's Sloan School of Business, effective October 15, 2007. (Schmittlein's appointment was also announced in the Financial Times, USA Today and the Boston Globe on 8/28 and in The Wall Street Journal on 8/29/07.)

The Wall Street Journal, 8/28/07 - Peter Cappelli, George W. Taylor Professor of Management; director, Center for Human Resources, was quoted in an article about the increasing use of assigned-mentors in the corporate workplace and the shortcomings of this form of guidance.

The Australian, 8/29/07 - Research by Scott Armstrong, professor of Marketing, was mentioned in an article about APEC and climate change proposals.

Korea Times, 8/30/07 - Mauro Guillen, Dr. Felix Zandman Professor in International Management; professor of Management and Sociology; director, Joseph H. Lauder Institute for Management & International Studies, authored an op-ed about the real estate crisis and its relationship to the economy in various world markets.

The Arkansas Democrat Gazette, 8/30/07 - Saikat Chaudhuri, assistant professor of Management, was quoted in an article about wireless carrier Alltel and its likely move from publicly traded firm to private.

Empresa Global (Spain), 8/31/07 - Mauro Guillen, Dr. Felix Zandman Professor in International Management; professor of Management and Sociology; director, Joseph H. Lauder Institute for Management & International Studies, authored an op-ed about international management.

The Star-Ledger (New Jersey), 8/31/07 - Bulent Gultekin, associate professor of Finance, was quoted in an editorial about the recent election of Abdullah Gul, the president of Turkey. (The same editorial appeared in Tulsa World.)

Financial Times.com, 8/31/07 - It was announced that Wharton Dean Thomas Robertson appointed Thomas Colligan as vice-dean of executive education and Peter Degnan as senior associate dean for finance and administration.

Reuters News, 8/31/07 - A study co-authored by Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was featured in an article about how credit innovation sowed the seeds for the current U.S. subprime mortgage crisis. (A similar article appeared in Market News International.)

The Philadelphia Inquirer, 8/31/07 - Kevin Gillen, research fellow at Wharton, was quoted in an article about the plans by the University of Pennsylvania and Brandywine to build a residential, commercial, and hotel project on 30th Street.