Faculty in the News: March 8, 2013

in Faculty, Faculty in the News, News
March 11th, 2013

SMG experts on money laundering, Toyota management changes, Apple, and banking

SMG_newsBoston University Public Relations’ Professor Voices blog features a sampling of quotes by experts from BU’s School of Management on recent issues impacting the business world:

Lawmakers rip into regulators over money-laundering prosecution (Washington Post): “The level of this money laundering and the fact it’s gone on for so long meant that regulators have been asleep.” Mark Williams

Wall St. will keep close iWatch on Apple product (Boston Herald): “It is clear that Apple needs to create a new category and do it soon. A watch is easier to launch than a TV. It’s easier to produce since it is a variation on the iPod mini and the iPhone, and uses the same app structure and Siri plus Bluetooth integration. Moreover, it has global appeal and can rekindle Apple’s cool factor.” N. Venkat Venkatraman

Toyota hires outsiders to help with global growth (AFP): “Toyota’s leadership changes portend a new era. New directors, drawn from beyond Japan’s shores, will help develop a truly global view at the top.”  James Post

If the Catholic Church were a business, how would you fix it? (NPR All Things Considered“): “Without systematic accounting and disclosure, there is enough doubt these days about how money is being managed that we don’t know  whether the hungry are being fed, the naked are being clothed and those in need are getting health care and education.”  James Post

Apple’s cash drama is far from over (MarketWatch): “It’s the real human drama here, and it certainly is a corporate drama. This sort of has it all, an iconic company which has been doing extraordinarily well and has buckets of cash, billions of buckets of cash. [Apple CEO] Tim Cook and the board are the ones in the hot seat here. They have to make a decision about distribution or no distribution and they have to have some compelling explanation for whatever they choose.” James Post

Mayo, a financial powerhouse, is poised to propel expansion (Minnesota Public Radio): “From a profitability standpoint they are successful. I don’t doubt people will step forward and write large checks. In a 20-year period, they should be able to successfully put together a package of financing and donations that’ll allow them to do this.” Elizabeth Keating

No longer unsung, Samsung turns up heat on Apple (Boston Herald): “I think 2013 is a watershed year for Apple. Will it lose to Google-Samsung dominance … or will it show true innovation with the phone and its strong ecosystem?” N. Venkat Venkatraman

Is the banking system healthy? (Washington Post): “Investors expect more losses ahead. Many of these banks still have loans that could go bad if the economy goes south.” Mark Williams

Deferred pay draws Fed’s scrutiny (Wall Street Journal): “The lack of data on deferred compensation has benefited top-paid U.S. bankers and disadvantaged otherwise concerned shareholders.” Mark Williams

Behind the mega airlines merger (NECN): “They need each other. American Airlines is in bankruptcy and US Air is a smaller competitor on the East coast and in other places and it’s getting dominated by other big competitors that are out there. They just need each other.” Allen Michel

How governments spur private-sector demand for green buildings (Forbes): “Input suppliers such as game developers won’t invest until there is sufficient demand, or a large installed base, but demand won’t arise until there is an ample supply of key inputs. In our setting, government green-building procurement policies can stimulate private-sector building professionals to gain expertise in LEED, while also bolstering private-sector demand for LEED buildings.” Timothy Simcoe

There could be something wrong with 42 million credit reports (Business Insider): “Most people do not realize how many prices are affected by their credit scores.  Even what you pay for car insurance depends on it. The FTC report seems to suggest that the rate of serious error is only about 5%, but that is enough to make it worth checking whether the information the credit reporting agencies have on you is correct.”Michael Salinger

The biggest financial asset in your portfolio is you (New York Times): “I see myself, for example, as a convertible bond. I’m protected by tenure at a solid university and have the potential to do extra things for income. I have a lot more capacity to take risk in my portfolio than I choose to use. I’m risk-averse, don’t like to gamble and don’t get a kick out of winning. I hate to lose.” Zvi Bodie

Fatigued users fall away from Facebook (TechNewsWorld): “It is inevitable that people will feel tired after an initial euphoria. Even if people spend less time but they find that time to be useful and valuable, Facebook can monetize it. Otherwise, it is a troubling sign.” N. Venkat Venkatraman

Does an ‘A’ in ethics have any value (Wall Street Journal): “We need to hit the students hard when they first get here, remind them of these principles throughout their core classes, and hit them once again before they leave.” Kabrina Chang

Creating the ‘innovative mindset’ (Telegram & Gazette): “I don’t think is something as concrete as gravity. If you are in a public trade organization you have to guaranty innovation every year, all the time.” Susan Fournier

Explore our website to learn more about faculty news & honors, or visit Public Relations’ website to see more commentary from BU faculty.