UConn Today – With almost six decades of experience in technology and innovation, including as an Executive Vice President ushering an era of dramatic change at IBM, Nicholas M. Donofrio knows a great deal about transformation and strategy.
Donofrio, a scientist and engineer, is also the author of a 2022 book titled, “If Nothing Changes, Nothing Changes: The Nick Donofrio Story,’’ which offers a combination of personal anecdotes, business insight, and wisdom, woven in with the advice and guidance from 37 other, extraordinary business leaders.
CT Insider – STAMFORD — WWE founder Vince McMahon has stepped down from the company, in the wake of a lawsuit filed last week by a former employee who accused him of sexual abuse. If that scenario sounds familiar, it is because McMahon announced his retirement a year-and-a-half ago amid a company investigation into alleged misconduct.
UConn Today – University of Connecticut student Guerlina Philogene ’24 (BUS, CLAS) has been named a fellow in the Thomas R. Pickering Foreign Affairs Graduate Program, which is funded by the United States Department of State and administered by Howard University.
The Pickering Program prepares students for foreign service careers in the Department of State and welcomes the application of members of minority groups historically underrepresented in the State Department.
UConn Today – Five UConn School of Business alumni, who have excelled in fields as diverse as college basketball, power-tool manufacturing, and complex financial services, will be inducted into the School of Business Hall of Fame this spring.
One of the seasonal greetings I received recently wished me “Love, Light & Everything Bright.” It made me smile, and reminded me that this is the time of year for upbeat messages of good cheer. Most often the message celebrates family and friends and special moments. The greeting evoked several upbeat messages of recent days. Let me share them, focusing on our UConn School of Business, Connecticut, and the world.
At the School of Business, we just concluded a strong year and a robust semester. Many new programs and efforts are underway, new degree programs are being created, some departments have been restructured, and our students are thriving and successful.
The COVID pandemic had a remarkable impact, some good, some definitely not so good. Our newest students suffered during their final years of high school, but are recovering nicely with strong support and encouragement from our faculty and staff. During that time, we learned how to take maximum advantage of virtual platforms for education, and have launched a fully online MBA and transformed other programs. Our students have more options, more focused tutorials, and other support for learning, built on what we discovered during COVID.
Importantly, while the popular press cannot get past doom-and-gloom assessments about the status of higher education and the “irrelevance” of education to personal growth, happiness, and success, our applications continue to soar. Young people still see education as a pathway to a brighter future. And at UConn, applications to the School of Business in Storrs are up 33 percent since last year.
In the School of Business, we embrace our role as an agent of economic growth and success within the state. We work with companies, the legislature, the governor, local communities, and non-profits to grow our future. Perceptions of the state of Connecticut’s economy have not kept up with an improving reality. Tax revenues have grown, enabling the state to refill its contingency funds while paying down some long-standing, underfunded pension obligations.
I recently attended a meeting of our Future Climate Venture Studio, a UConn initiative to identify, support and collaborate with startups addressing the most critical dimensions of the climate challenge. UConn President Radenka Maric and Dan O’Keefe, commissioner designate of the Department of Economic and Community Development, were featured speakers. People are aware of President Maric’s inspiring leadership around sustainability and climate change. She is leading UConn as a forerunner among universities in the quest for carbon neutrality. O’Keefe is a newcomer to Connecticut, whom the governor recruited. He spent 25 years in the private sector before being appointed to a newly created role as Chief Innovation Officer. Now he is heading up the DECD.
In a world with more choice for the workforce about where to live and work, O’Keefe asks: Why not work where the quality of life, the quality of education and the quality of health care is high? Both personally and professionally, I welcome this invitation to grow our state’s population with even more talent. He pointed out that last year, Connecticut was the seventh-fastest growing state by GDP in the union. In the last two years, our population growth points to a light and bright future.
At the world level, there is also a lightening and brightening in our future, although clouded by war and conflict in Ukraine and the Middle East. Future Crunch is a newsletter authored by economist and journalist Angus Hervey that just published “66 Good News Stories You Didn’t Hear About in 2023.” He reminds us that the 24-hour news cycle thrives on attention grabbing bad news that gets refined and updated minute by minute. Looked at closely, the bad news stories are usually urgent, short-term, attention-grabbing moments that, in the aggregate, feel like an inescapable, overwhelming worsening of the world. The headlines and news anchors bombard us with statements like: inflation is up, there was another mass shooting, the warming world is attacking us with tornados and droughts, and worse.
In contrast, Hervey looks back at the year 2023 and summarizes often surprisingly good news. The distinction between the minute-by-minute bad news and the reflection on a year of progress reminds me of the Martin Luther King quote: “….the arc of the moral universe is long, but it bends toward justice.”
There are 66 items in Hervey’s list and I will mention only a few. Since I just mentioned UConn’s sustainability focus and our Climate Studio, it is important to note how many of the 66 items are linked to sustainability, regulation of human polluting behavior, and the surprising progress being made. The production of electric vehicles; the shift to carbon-neutral solar, wind and geothermal sources, extreme reduction of reliance on fossil fuels …..all change the landscape in such a way that it is looking more and more likely that limiting the increase in global temperatures to 1.5 degrees Celsius may be possible.
The EV story is eye-opening. Global sales increased by 36 percent last year. Just two years ago, one in 25 cars sold was electric. This year one in five will be, and by 2025, one in two.
Global health is another good-news story. Polio, tuberculosis, river blindness, and HIV are but a few of the menaces against whom mankind is winning. It is not just vaccines and technology creating this revolution, but also good practices including clean water, breast feeding, prenatal care, support for birthing and more. Almost everywhere worldwide improvements continue. Beyond health, there are upticks in education, especially for young women. The overall instances of poverty are in sharp decline.
As we enter 2024, we at the School of Business wish you a wonderful year and the continued realization of these light and bright aspects to our collective future. We share our hopes that world leaders can find ways to moderate the conflicts that have the potential to imperil that future.
UConn Today – Just a year ago, Amelia Martin ’23 (CAHNR) was an undergraduate student with a great idea for creating an eco-friendly surfboard, but little idea how to bring it to the marketplace.
Today she is an entrepreneur and the owner of Mud Rat, a company creating organic surfboard cores from the mycelium of mushrooms. The material can replace Styrofoam, which produces toxic dust, and takes hundreds of years to decompose.
Q: What are some pieces of advice people should follow when comparing personal loan offers from different lenders?
A: One of the most important criteria is the loan’s interest rate. The higher the interest rate, the more expensive the loan is for the borrower. Borrowers should consider whether the loan has a fixed rate or variable rate.
UConn Today – If Connecticut is afforded the opportunity to develop the most advanced technology in the world—technology that would save lives, create jobs, strengthen the economy, and revolutionize many industries— how could it not vigorously pursue it?
That was the question that Rajeeb Hazra, an international quantum-computing expert, and the keynote speaker at Thursday’s “Imagining a Quantum Future’’ event, posed to the audience of more than 150 academic, government, and industry leaders.
UConn Today – More than a dozen UConn students put Hartford under the microscope this semester, assessing the city’s strengths, scrutinizing its shortcomings, and strategizing ways to increase its vibrancy.
