Wharton in the News
May 2008

States News Service, 5/2/08 - Research by Scott Armstrong, professor of Marketing, was cited in an article regarding whether the polar bear should be designated as an endangered species.

The Economist, 5/3/08 - Research co-authored by Alex Edmans, assistant professor of Finance, was noted in an article about the role of league tables in the banking industry and their impact on bank behavior before the credit crisis.

KYW TV (Philadelphia), 5/3/08 - Bernard Anderson, senior fellow in the Management department, was interviewed regarding the current state of the economy. (The show aired on numerous CBS affiliates).

Korea Times, 5/5/08 - 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 expectations for the won to remain weak against the dollar in upcoming months.

Indian Express, 5/6/08 - The Wharton Econometric Model was mentioned in an op-ed about India's food self-reliance.

The Economic Times (India), 5/7/08 - The Knowledge@Wharton article, "The Hard Sell: How to Market Products that are No Longer Popular" was reprinted from 4/30/08.

Associated Press, 5/7/08 - Leonard Lodish, Samuel R. Harrell Professor; professor of Marketing; vice dean, Wharton West; senior director, Global Consulting Practicum, was quoted in a story about Flogos, a new form of advertising in which foamy clouds are pumped into the air in the shape of corporate logos. (The same story ran in the Charleston Gazette on 5/7/08 and the St. Louis Post-Dispatch on 5/27/08.)

The New York Sun, 5/7/08 - Todd Sinai, associate professor of Real Estate, was cited in an op-ed about renters' reactions to proposed legislation that would bail out homeowners who cannot meet their mortgage payments.

The Washington Post, 5/7/08 - A new report by Wharton and CareerBuilder.com about jobs that are likely targets for off-shoring was featured.

WBBR (Bloomberg radio), 5/8/08 -- Stephen Hoch, Patty and Jay H. Baker Professor; professor of Marketing; director, Jay H. Baker Retailing Initiative, was interviewed on "Final Word" regarding Wal-Mart and other companies that may benefit from higher gasoline prices.

Kiplinger.com, 5/8/08 - Jeremy Siegel, Russell E. Palmer Professor of Finance, authored a column about the Federal Reserve's rescue of Bear Stearns and whether it will encourage financial companies to engage in even riskier behavior in the future.

The Philadelphia Inquirer, 5/8/08 - Jehoshua Eliashberg, Sebastian S. Kresge Professor of Marketing; professor of Operations and Information Management, was quoted in a story about the success and controversy of the recently released Grand Theft Auto IV video game.

Business 24/7 (UAE), 5/8/08 - The Knowledge@Wharton article, "The Hard Sell: How to Market Products That Are No Longer Popular," was reprinted from 4/30/08.

PBS, 5/9/08 - Susan Wachter, Richard B. Worley Professor of Financial Management; professor of Real Estate, Finance and City and Regional Planning, was interviewed on "The Nightly Business Report" regarding analysis of the national housing market.

Asian News International, 5/10/08 - Research by J. Scott Armstrong, professor of Marketing, was featured in an article about the accuracy of US Interior Department reports on polar bear population forecasts.

Agence France Presse, 5/10/08 - Todd Sinai, associate professor of Real Estate, was quoted in an article about the backlash resulting from proposed legislation to assist homeowners facing foreclosure.

The Washington Post, 5/10/08 - Jack Guttentag, professor emeritus of Finance, authored a column about how the vulnerability of the mortgage system could be reduced by extending the amount that insurers reserve to cover both collateral risk and cash-flow risk.

WBBR (Bloomberg Radio), 5/11/08 - Stephen Hoch, Patty and Jay H. Baker Professor; professor of Marketing; director, Jay H. Baker Retailing Initiative, was interviewed regarding the impact of higher gas prices on the retail markets.

Korea Times, 5/12/08 - 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 whether the Korean economy is entering stagflation.

MarketWatch, 5/12/08 - Stocks for the Long Run, by Jeremy Siegel, Russell E. Palmer Professor of Finance, was cited in a column about market timing.

Financial Times, 5/12/08 - Wharton was cited in an article about executive education and the trend to move away from traditional open enrollment programs to customized programs.

The New York Times, 5/12/08 - Research by Jonah Berger, assistant professor of Marketing, was cited in an article about the impact of environmental cues on product choices.

The Wall Street Journal, 5/12/08 - Harbir Singh, The Mack Professor; professor of Management; co-director, Mack Center for Technological Innovation, co-authored a special report on business strategy "All for One: Should a Company Join a Multipartner Alliance? Here are the Questions to Ask." (the same report appeared in The Wall Street Journal Europe on 5/13/08.)

Thai News Service, 5/13/08 - Todd Sinai, associate professor of Real Estate, was quoted in an article about a new trend in which home-owners are voluntarily defaulting on their loans when a home's value has fallen below what is owed on its mortgage. (The same story appeared in The Nation on 5/14/08.)

The Philadelphia Inquirer, 5/13/08 - Mark V. Pauly, Bendheim Professor; professor of Health Care Systems, Business and Public Policy, Insurance and Risk Management, and Economics, was quoted in a story about a Pennsylvania initiative in which health insurers will pay doctors to more closely track their patients' care and conditions.

Mint (India), 5/13/08 - The Knowledge@Wharton article "Gold May Glitter, but it doesn't Stack up as a Long-term Investment" was cited in an op-ed about the inclusion of gold in an investment portfolio.

Bloomberg TV, 5/13/08 - Francis Diebold, W.P. Carey Professor of Economics; professor of Finance and Statistics; co-Director, Wharton Financial Institutions Center, was interviewed regarding whether there is a banking crisis.

Economist Intelligence Unit, 5/14/08 - The audio version of the Knowledge@Wharton "The Hard Sell: How to Market Products that are no Longer Popular" was posted from 4/30/08.

The Times (Singapore), 5/14/08 - Research by Betsey Stevenson, assistant professor of Business and Public Policy, and Justin Wolfers, associate professor of Business and Public Policy, was cited in an op-ed about the relationship between happiness and wealth.

The Philadelphia Inquirer, 5/14/08 - Kevin Gillen, doctoral candidate in Real Estate, was quoted in an article regarding the decline in existing-home sales in the Philadelphia region during the first quarter of 2008.

US Fed News, 5/15/08 - A financial risk roundtable co-organized by the Wharton Financial Institutions Center and the Wyman Institute was noted as the venue for a keynote address by Governor Mishkin, chairman of the Federal Reserve Bank in Philadelphia. (Coverage of the speech also appeared in Dow Jones Capital Markets Report on 5/15 and in Market News International on 5/16.)

Ascribe News, 5/15/08 - A paper co-authored by Chris Lee, assistant professor of Operations and Information Management, was featured in an article about how much money would be needed to extend patient life and the ethical dilemmas that such cost-based decisions pose.

Korea Times, 5/15/08 - 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 the sale of the state-run Korea Development Bank.

Calgary Herald (Canada), 5/15/08 - Robert Meyer, Gayfryd Steinberg Professor; professor of Marketing; co-director, Risk Management and Decision Processes Center, was quoted in a story about subtle changes in Canadians' spending habits in response to tighter economic times. (The same article was reprinted in the Ottawa Citizen on 5/20/08.)

The Times (Singapore), 5/15/08 - Information about Wharton's MBA program was featured in a business education column.

The New York Times, 5/15/08 - Erin Armendinger, managing director of Wharton's Jay H. Baker Retailing Initiative, was quoted in an article about the retail collaboration between Barneys and Rogan Gregory for Target.

Economist Intelligence Unit, 5/16/08 - Research by Catherine Schrand, associate professor of Accounting, and Sarah Zechman, Wharton PhD candidate, was cited in an article about the impact of overconfidence on CFO decision-making.

Financial Times (FT.com), 5/16/08 - Research by Justin Wolfers, associate professor of Business and Public Policy, was featured in a column about what prediction markets tell us and how they could allow investors to hedge political or economic risks.

The Wall Street Journal, 5/16/08 - Research by Motohiro Yoto, assistant professor of Finance, was cited in an article regarding how and why economic bubbles form. (The same article appeared in The Wall Street Journal Asia on 5/20/08.)

Philippine Daily Inquirer, 5/16/08 - Research by Leonard Lodish, Samuel R. Harrell Professor; professor of Marketing; vice dean, Wharton West; senior director, Global Consulting Practicum, was featured in an article about advertising and promotion effectiveness.

The Hamilton Spectator (Ontario), 5/17/08 - Wharton School Publishing was noted as the publisher of the featured book, It Starts With One: Changing Individuals Changes Organizations.

The Washington Post, 5/17/08 - Wharton was mentioned as one of Booz Allen's top recruiter schools in a story about the sale of its government division.

The New York Times, 5/17/08 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was noted in an article about the debate over the merits of fundamentally weighted index funds.

The Washington Post, 5/17/08 - Jack Guttentag, professor emeritus of Finance, authored a column about a new type of mortgage insurance called mortgage payment insurance, or MPI, and how it may reduce borrower's costs.

The Philadelphia Inquirer, 5/18/08 - Brian Bushee, associate professor of Accounting, was quoted in a story about how new accounting rules are causing gyrations on financial statements and giving some companies a bottom-line boost when their credit goes bad.

The Milwaukee Journal Sentinel, 5/18/08 - The Jay H Baker Retailing Initiative was mentioned in an article about a new retail program at the University of Wisconsin.

Barron's, 5/18/08 - Knowledge@Wharton was cited in an article about short selling.

Newsweek, 5/18/08 - Erwann Michel-Kerjan, managing director of the Risk Management and Decision Processes Center, was quoted in an article regarding the long-term implications of food shortages.

WCAU TV (Philadelphia), 5/19/08 - Terese Flaherty, director of the Wharton Small Business Development Center, was interviewed on "All That and More" about traits of successful entrepreneurs.

BusinessWeek.com, 5/20/08 - Wharton School Publishing was mentioned as the publisher of The Fortune at the Bottom of the Pyramid in a review of C K Prahalad's new book.

Ottawa Citizen, 5/20/08 - Robert Meyer, Gayfryd Steinberg Professor; professor of Marketing; co-director, Risk Management and Decision Processes Center, was quoted in an article about the small changes made by Canadians in response to the looming economic downturn.

Investor's Business Daily, 5/20/08 - 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 an article about Banco Santander, Spain's largest bank. His book, Building a Global Bank: The Transformation of Banco Santander, was also mentioned.

NPR, 5/22/08 - Justin Wolfers, associate professor of Business and Public Policy, was interviewed on "The Bryant Park Project" regarding his research on racial bias among NBA referees.

The Globe and Mail, 5/22/08 - Research by Jeremy Siegel, Russell E. Palmer Professor of Finance, was cited in an article about ViceFund.

The Economic Times, 5/22/08 - The Knowledge@Wharton article "Navigating Olympic Sponsorship: Marketing Your Brand without Alienating the World" was reprinted from 4/16/08.

The Philadelphia Inquirer, 5/23/08 - Leonard Lodish, Samuel R. Harrell Professor; professor of Marketing; vice dean, Wharton West; senior director, Global Consulting Practicum, was quoted regarding Wharton West in an article about Drexel University's new graduate studies program in Sacramento.

National Business Review (New Zealand), 5/23/08 - George Day, Geoffrey T. Boisi Professor; professor of Marketing; co-director, Mack Center for Technological Innovation; director, Emerging Technologies Management Research Program, was interviewed for an article about the recent increase in applications to Wharton.

The Washington Post, 5/24/08 - Jack Guttentag, professor emeritus of Finance, authored a column about mortgage payment insurance and the need for the federal government to provide special support.

Agence France Presse, 5/24/08 - Research by Betsey Stevenson, assistant professor of Business and Public Policy, and Justin Wolfers, associate professor of Business and Public Policy, was cited in an article about the relationship between income and happiness and how new data may dispute the Easterlin Paradox.

The Philadelphia Inquirer, 5/25/08 - Kevin Gillen, doctoral candidate in Real Estate, was quoted in an article about why it is difficult to ascertain the true state of the housing market.

Australian Financial Review, 5/26/08 - Wharton was discussed in a story about the shortage of academic staff in Australia.

The Guardian (UK), 5/27/08 - Wharton was mentioned in a story about American schools that have established campuses in Qatar's Education City.

Al-Bawaba News, 5/28/08 - The Dubai Leaders Program (DLP), an initiative launched by Dubai World and Wharton's Aresty Institute of Executive Education, was discussed in a story about UAE nationals who were honored for completing the program.

The Philadelphia Inquirer, 5/29/08 - Michael Useem, The William and Jacalyn Egan Professor; professor of Management; director, Center for Leadership and Change Management, offered his expertise in an article about the prospect of additional mergers in the airline industry (The same story ran in the International Herald Tribune on 5/30/08).

The New York Times, 5/29/08 - Stewart Friedman, practice professor of Management; director, Wharton Work/Life Integration Project, was profiled in a story about his philosophies on leadership and work-life integration as well as the profound effect his M.B.A. course has had on former and current students. Michael Useem, The William and Jacalyn Egan Professor; professor of Management; director, Center for Leadership and Change Management, offered commentary on professor Friedman's M.B.A. course.

Philippine Daily Inquirer, 5/29/08 - Research by Betsey Stevenson, assistant professor of Business and Public Policy, and Justin Wolfers, associate professor of Business and Public Policy, was cited in an op-ed about the relationship between income and happiness and how new data disputing the Easterlin Paradox may not be relevant for Filipinos.

The Korea Times, 5/30/08 - 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 an article about Korea's current account deficit and how to avoid the problem of slowing growth with high inflation.

The Sacramento Bee, 5/30/08 - Wharton West was mentioned in an article about Drexel University's new Sacramento Center for Graduate Studies.

The Wall Street Journal, 5/30/08 - Jeremy Siegel, Russell E. Palmer Professor of Finance, was mentioned in an article comparing different approaches to fundamentally-weighted indexing.

BusinessWorld (Philippines), 5/30/08 - The 2007 Wharton Asia Business Conference was cited in a piece about Asian private banking and the newly rich of Asia.

NPR (WNYC), 5/30/08 - Jonah Berger, assistant professor of Marketing, was interviewed regarding how environmental cues impact consumers' decisions.

National Post (Canada), 5/31/08 - Wharton's re-entry program was mentioned in a story about the difficulties women face when returning to the workforce.

The Washington Post, 5/31/08 - Jack Guttentag, professor emeritus of Finance, authored a column about mortgage payment insurance and how it could be used to reduce the number of foreclosures and reduce losses on the foreclosures that do occur.

Gulf News, 5/31/08 - Research by Betsey Stevenson, assistant professor of Business and Public Policy, and Justin Wolfers, associate professor of Business and Public Policy, was cited in a piece about the relationship between subjective well-being and income. (Similar mentions appeared in the Townsville Bulletin (Australia) and the New Zealand Herald).

The Economist, 5/31/08 - A study co-conducted by Peter Cappelli, George W. Taylor Professor of Management; director, Center for Human Resources, was cited in an article about factors related to reaching the chief executive position of a company.