The Wall Street Journal – Houses are pretty good at keeping secrets. A hairline crack in a pipe or a worn belt on the clothes dryer may go undetected until something goes wrong.
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Hometown Advantage? CEOs Tend to Acquire Companies in Familiar Stomping Grounds
UConn Today – Multinational conglomerate Berkshire Hathaway bought CEO Warren Buffett’s struggling hometown newspaper. Amazon acquired Whole Foods, which is headquartered in the same state where CEO Jeff Bezos grew up and owns a home.
New research shows these deals aren’t coincidences. Companies are 2.5 times more likely to acquire firms headquartered in the state where their CEO grew up than similar firms located elsewhere, the study found.
Coveted Class: Financial Services
The Instructor
Associate professor-in-residence in finance, Paul Gilson grew up in the Thames River town of Gravesend, 20 miles east of London, and earned a degree in mathematics from Bristol University. His plan was always to go on to a Ph.D. “But first,” he says, “I needed a job.” So he went to work in London for KPMG, the global accounting giant. His first day at the office, stock markets around the world collapsed in the Black Monday crash of 1987, still the greatest one-day loss by percentage in Dow history. During the long recovery that followed, KPMG was kept very busy, and Gilson gained extensive experience in mergers and acquisitions, a specialty of his department. “The late 1980s in London,” he says. “It was an exciting time.” Continue Reading
Predictive Modeling Class Projects Become Twin Wins for UConn
If a pet-adoption agency wants to quickly find a home for a puppy, is it better to post a picture of the pup with its littermates—or a series of photos of the dog alone?
And if soccer club owners are trying to identify which FIFA players are underpaid based on their talent, could they accurately do so by analyzing public data about each player’s skill ratings?Continue Reading
Alumna Sarah Elizabeth Carabetta’s Work is ‘Inspiring Acts of Love’
What initially seemed like one of the worst days of Sarah Elizabeth Carabetta ’07 (BUS)‘s career turned into the impetus for one of her biggest achievements. Continue Reading
UConn’s MBA Program Ranks Among the Best in 2019-20
UConn’s MBA program has been named to Bloomberg Businessweek’s ranking of the best U.S. business schools of 2019-20. The MBA program ranked #29 among public universities, based on survey responses from MBA students, alumni, and corporate recruiters about their goals and experiences, as well as compensation and job-placement data from each school.Continue Reading
ISS National Lab and Boeing Partner for 6th Consecutive Year to Award $500,000 for Microgravity Research Through MassChallenge
International Space Station U.S National Laboratory – The International Space Station (ISS) U.S. National Laboratory and Boeing [NYSE: BA] have partnered for the sixth consecutive year to provide up to $500,000 in grants to innovative startups through the MassChallenge (Boston) startup accelerator program.
While CT’s reserves rise, Wall Street compensation shrinks
Hartford Business Journal – While Connecticut’s budget reserve just hit a new high, one of the driving forces behind that accomplishment may be cooling down. According to a recent report from the New York State Comptroller Thomas DiNapoli, compensation on Wall Street was down 6% last year, driven by a 17% drop in bonuses.
Entrepreneurship Bootcamp Helps Vets Become Business Owners
Alum Helps Disruptor ‘Fundbox’ Solve Small Business Cash-Flow Needs
For many small business owners, the months-long gap between completing a job and getting paid threatens the growth, potential, or even solvency of their firms.Continue Reading