UConn Today – CEOs and corporations should integrate legal strategy – an often-overlooked competitive advantage – into the core of their business plans, says Business law professor Robert Bird.
“Legal knowledge is the last great source of untapped competitive advantage in organizations, and the corporations that recognize this can unlock a storehouse of value creation that their rivals might miss,’’ Bird says.
WalletHub – Zero-based budgeting is a budgeting strategy that involves assigning each dollar of your income to a specific monthly expense, so your income minus your expenses always equals zero. The point of zero-based budgeting is to avoid overspending and to ensure that all the money you make serves a purpose.
AOL – Amidst all the talk about diversity and inclusion, ageism in the workplace is sometimes overlooked. There’s a reason for that.
Just in the last year, the American Psychological Association dubbed ageism “the last socially acceptable prejudice.” They define ageism as “discrimination against older people because of negative and inaccurate stereotypes.”
As we take a look at ageism as a dimension of diversity, I think it’s necessary to tweak that definition a bit.
Wallethub – Q: Is it fair for car insurance companies to consider gender or age when setting premiums?
A: Car insurance, typically though not always, costs more for men than women. This is because insurance companies have concluded that male drivers, particularly young male drivers, are statistically a greater risk than female drivers. Insurance companies are looking for ways evaluate their risk as effectively as possible. That said, there are already a small number of states, such as California, Massachusetts, and Michigan, which prohibit using gender to set premiums. More states might adopt those provisions in the future. Regarding age, insurers may charge more for very young and very old drivers because of their greater risk. An open question is how car insurance premiums will change for transgender and nonbinary people.
UConn Today – The School of Business’ Marketing Department has created a 30-credit Master of Science in Social Responsibility & Impact in Business, addressing an escalating demand for professionals in the field and significant student interest in pursuing careers that impact economic, environmental, and social sustainability.
The new degree program was approved by the University’s Board of Trustees on Wednesday, April 17, and launches this fall. The degree will prepare graduates to drive innovative and impactful business decisions for positive social change.
UConn Today – More than one billion people worldwide live with a disability, and yet a vast majority of those with ‘invisible’ disabilities try not to disclose them at work for fear of stigma and discrimination.
Lawrence Deju-Wiseman, Executive Director & Global Head of Strategic Initiatives at Morgan Stanley in London and an employee with an ‘invisible disability,’ will be the guest speaker at the final Equity Now Speaker Series event at 5 p.m. April 15.
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.
Wallethub –
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.
Modern Retail – Around this time last year, retailers were clamoring to get a hold of thousands of seasonal workers with some making hiring announcements as early as August. The holiday hiring environment in 2023, however, is a stark contrast to what it was the previous year.
UConn Today – The School of Business’ popular Equity Now Speaker Series resumes this fall with a discussion about the relatively new opportunity for college athletes to profit from the use of their name, image and likeness.