In the News
You’ve heard of ‘blood diamonds.’ Add ‘blood smartphones’ and ‘blood oil’ to the list. The Securities and Exchange Commission voted Wednesday to finalize sweeping new rules that would effectively force companies to tell the world about their business in ‘conflict minerals’ with the Democratic Republic of the Congo or an adjoining country. This article cites Professor Paul Griffin’s latest research which suggests that this new disclosure requirement will potentially cost shareholders billions.
The Securities and Exchange Commission voted along party lines to adopt a rule requiring companies to trace and audit certain minerals as to their origination. If they come from the Congo, companies will have to submit a so-called ‘conflict minerals’ report. In this Forbes article, Professor Paul Griffin research on the matter reveals the difficulty of accurately tracking company’s supply chain and estimates that the cost to shareholders will reach the billions.
View video: Ahead of a Securities and Exchange Commission hearing on rules to require companies to disclose use of ‘conflict minerals,’ Prof. Paul Griffin’s study shows such disclosure could cost shareholders billions, much more than the SEC estimates.
Apple’s relationship with Google recently reached a new low. The Cupertino, California, company announced it would drop Google Maps from the iPhone in favor of its own software and retire the YouTube app from the start screen of its mobile devices. The direction that both tech companies are headed—toward greater reliance on mobile computing for their revenue—is setting them up for a long-term fight over the same technological turf.
Look! Up in the sky! It’s customer service. You don’t normally associate humor with business software, but social and cloud computing juggernaut Salesforce’s new web campaign is very funny. The campaign was created by alumnus Barak Kassar’s creative agency, Rassak Experience (San Francisco).
The 21st annual Wine Industry Financial Symposium is Sept. 24-25 at the Napa Valley Marriott. As part of this year’s program, Robert Smiley, professor emeritus and director of wine, Graduate School of Management, UC Davis, will again present the results of as telephone survey of industry leaders along with the results of the Wine Industry Financial Symposium Survey. This year’s keynote speaker is Jay Wright, chief operating officer for Constellation Brands.
As an organizational behavior specialist who is also a fan of the TV series “Mad Men,” I occasionally imagine Sterling, Cooper, Draper or Pryce walking into a modern-day corporate workplace.
These well-dressed ad executives would be asked to put out their cigarettes, hauled into HR for calling women employees “honey,” and flagged by risk management for drinking on the job.
But in one important sense, the Mad Men would feel right at home in 2012: Men still run the biggest companies.
Citing the School’s annual study of women in top leadership posts in California’s largest firms, Dean Steven Currall comments on news of Yahoo CEO Mayer’s appointment. “The TV series ‘Mad Men’ would feel right at home in 2012: Men still run the biggest companies, especially in Silicon Valley.”
Workers often expect employers to evaluate them based on their performance, however they log their hours. A new study turns this notion on its head — at least for a growing number of telecommuters. According to a blog post by The Wall Street Journal, a new study finds that workers who telecommute may lose points with their employers despite technological advances that boost at-home productivity.
Everyone dreams of the advantages of working from home: the additional flexibility; the time saved by not commuting (or getting dressed!); the ability to slip out to run an errand with the boss none the wiser. Whether the arrangement ultimately benefits the employer depends on the individual worker, of course. But new research shows that, regardless of the reality, the perception of telecommuting leads at-home workers to get smaller raises, fewer promotions, and lower performance reviews.
Though it’s easy to rationalize skipping lunch or eating at your desk, the break can actually be good for your productivity. Kimberly Elsbach, a management professor at UC-Davis who studies the psychology of the workplace, says getting away from your desk can provide a boost in creativity.
It’s 1:30 p.m. on a weekday, and Yen Ha and Michi Yanagishita have left their office to munch hot dogs and French fries at one of the oldest bars in New York. Elsewhere in the city harried professionals are sitting at their desks and shoveling food into their mouths while they write memos or reply to emails. But Yen and Michi do not care. They are out to lunch, and they don’t feel guilty about it.
Many of us lament the dramatic contrast between our vacations and the faster pace of our work lives, but are generally remiss to change because of feelings of career vulnerability or weakness that we fear it could project. However it is increasingly clear that our personal and professional lives stand to benefit from change that eases these mounting pressures and strains. It is time to embrace “slow work.”
When Rachel Smith met with her first financial adviser, he talked to her like she was five years old. “He was an older guy who was very condescending, and saw me as a young, inexperienced woman who didn’t know anything.” Fortunately, that kind of treatment is becoming less common, as financial advisers wake up to the fact that women control a lot of money and make good clients.
This fall, the University of California-Davis is launching one of only two UC master’s degrees in accountancy, and part of the university’s mission is to jettison the old notions about the profession.
“Accounting is way beyond the Dark Ages of the green eyeshade,” said Will Snyder, executive director of UC-Davis’ new program. “You have to be a dynamic person, a global thinker. … Accounting can be very creative and a good way to make a difference.”
On Wednesday, June 27, NewWOW members and guests attended a virtual roundtable featuring Kim Elsbach, Professor in the Graduate School of Management at the University of California, Davis. She spoke about “Passive” Face Time and Territorial Imperatives.”
Wanna be a boring accountant? It’s not the mind-numbing, number-crunching career that many assume, as many recent college graduates can attest. This feature dives into hiring trends and projections to reveal the huge demand for new accounts and identifies our new Master of Professional Accountancy program as an idea path to embark on this career. Citing professor Bob Yetman and Executive Director of the MPAc program, Will Snyder this article is a must read for anyone considering a career in accounting.
The Graduate School of Management was named one of MBAPrograms.org’s top 50 most interesting business school websites, citing highlights of the school’s MBA student experience from campus events to alumni success stories, new program announcements, and stories about the recent student trip to meet Warren Buffett as well as the Ignite Entrepreneurial Conference.
Kimberly Elsbach, a professor at the University of California at Davis Graduate School of Management and Daniel Cable, a professor at London Business School, say their research shows that employees who work remotely may wind up with lower performance reviews, smaller raises and fewer promotions, even if they work just as hard and as long as colleagues who go to the office every day.
This article, about the plans of state pension funds CalPERS and CalSTRS to stick with JPMorgan Chase even after its recent $2 billion loss, cites Professor Brad Barber, who has studied CalPERS shareholder activism in his research.