Student, administrator seminar to focus on leadership, community

Forty-five students and several administrators will meet Jan. 22-23 to discuss issues facing the University community and to develop an action plan for making meaningful change on campus. The seminar, titled “Redefining Community Experience,” is sponsored by the Office of Student Activities and was planned in conjunction with a student steering committee. Organizers hope the […]

MLK Day observed around campus

MLK delivers his “I Have a Dream” speech.”Be The Change” is the theme of the University’s annual Commemoration Celebration honoring Dr. Martin Luther King’s birthday at 7 p.m., Jan. 17 in Graham Chapel. The celebration is free and open to the public. Chancellor Mark S. Wrighton will begin the program with a welcome and remarks. The evening will include performances by Vashon High School’s drumline, the YMCA Boys Choir, the University’s Vision Gospel Choir and Black Anthology, as well as testimonials from University students.

Washington University business professor elected to Econometric Society

SwinkelsWashington University in St. Louis business professor Jeroen Swinkels, August A. Busch, Jr. Distinguished Professor of Managerial Economics and Strategy at the Olin School of Business, was elected a fellow of the Econometric Society in December 2004. With a worldwide membership, the Econometric Society is the most prestigious society in the field of economics. Over the past decade, only about 15 candidates per year have been elected as new fellows.

Martin Luther King’s legacy honored via campus events

“Be the Change” is the theme of the University’s annual celebration honoring Martin Luther King Jr. at 7 p.m. Jan. 17 in Graham Chapel. Chancellor Mark S. Wrighton will begin the program with a welcome and remarks. The evening will include performances by Vashon High School’s drum line, the YMCA Boys Choir, the University’s Vision […]

‘Tis the season

The Department of Music in Arts & Sciences will conclude its fall season with a host of December concerts. The Concert Choir of Washington University — under the direction of John Stewart, director of vocal activities — will perform works composed across six centuries at 8 p.m. today in Graham Chapel. The performance will be […]

Communication plan is the key in a corporate crisis

VeechTylenol, Bridgestone Firestone, Columbine High School, Exxon, McDonald’s, United Airlines, American Airlines — all of these organizations have been hit by a major crisis. Companies never know when they might be struck by a terrorist attack, a major product recall as a result of deaths or injury, workplace violence, a fire or explosion, a nasty scandal or sudden death of the company’s leader. In today’s media climate, any small or large organization can land on the front page of the daily newspaper or the six o’clock TV news before the dust has hit the ground. Business managers need to be prepared for such an eventuality with a detailed crises communication plan, says Annette Veech, senior lecturer of business communications at the Olin School of Business at Washington University.

Corporate governance has dark side and bright side

Executive pay is sometimes appropriate, often not.In a perfect business world, corporate governance and decision-making would follow sound and rational processes. And, indeed, Professor Todd Milbourn has discovered that, at times, executives are compensated appropriately and appropriate decisions are taken. This finding is from what he calls the “bright side” of his research. But, the real world can also serve up Disneys, Enrons, and WorldComs. Not all mismanagement, however, makes the front pages or drives companies into bankruptcy. More commonly it goes on unnoticed or as accepted practice, says Milbourn, associate professor of finance at the Olin School of Business at Washington University in St. Louis. His collaborative research also reveals a “dark side,” where companies reward chief executive officers simply for being lucky and where “yes men” often rule.
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