Business & Entrepreneurship

Surprisingly, officers leaving the military — even after service in Iraq — are finding that a bachelor’s degree and leadership experience are not enough to arm them for more than an entry-level job at a Fortune 500 company. So what they’re seeking — and what makes them particularly desirable to employers — is a master of business administration degree, says Stuart I. Greenbaum, Ph.D., dean of the Olin School of Business at Washington University in St. Louis.

David Kilper / WUSTL PhotoFailure at a university is a word with bad connotations, unless you are involved in building experimental satellites that the U.S. Air Force and NASA find interesting. An aerospace engineer at Washington University in St. Louis who works with students building experimental spacecraft says student-built spacecraft, which he calls “university-class,” have a strong advantage over aerospace industry-built spacecraft: the freedom to fail.

BundersonWhy do the challenges and tasks taken on by the teams on the popular reality shows “Survivor” and “The Apprentice” so often result in failure or disaster? Perhaps these short-term work groups are assigning responsibilities based on superficial assumptions of expertise. A recent study by J. Stuart Bunderson, Associate Professor of Organizational Behavior at the Olin School of Business at Washington University in St. Louis, shows that work groups perform better when they rely on valid cues, such as education and experience, rather than superficial characteristics such as race and gender.

Washington University in St. Louis has licensed a system developed by Washington University engineers that is meant to detect counterfeit credit cards by reading a unique magnetic “fingerprint” on the stripes of credit cards and other objects that carry magnetic information. The system — called Magneprint — was invented by Ronald Indeck, Ph.D., Das Family Distinguished Professor of Electrical Engineering at Washington University.

Business experts from all over the world will come to the Olin School of Business at Washington University to participate in a three-day conference on corporate governance Nov. 11 to 13. “Key Issues in Corporate Governance,” co-sponsored by the Olin School, the Center for Research in Economics and Strategy (CRES), and the Journal of Financial Intermediation, will be held at the Charles F. Knight Executive Education Center. The conference will feature two days of academic presentations and a third day devoted to panel discussions among senior corporate executives, policymakers and academics. Topics include financial markets and corporate governance regulation in the United States and similar issues in the European Union.

The Center for the Study of Ethics and Human Values, in conjunction with the John M. Olin School of Business and the School of Law at Washington University in St. Louis, will present a tax ethics forum on Oct. 29. “An Ethics Forum for Tax Practitioners” will be held from 8:45 to 11:30 a.m. Friday, Oct. 29, preceded by a continental breakfast at 7:45 a.m., at May Auditorium in John E. Simon Hall. Peter J. Wiedenbeck, the Joseph H. Zumbalen Professor of Law, and Nancy Pechloff, CPA, of the Olin School of Business will moderate the forum featuring five panelists.

The top economic advisers for President George W. Bush and Senator John Kerry will debate at 8 a.m. Oct. 8, the day of the second presidential debate, which will take place at Washington University in St. Louis. The event will be held at Lee Auditorium in the Missouri History Museum, Lindell Boulevard at DeBaliviere Avenue in St. Louis’ Forest Park. John Berry, columnist for Bloomberg News, will moderate the debate between the two advisers.

StewartCan Martha Stewart regain the trust of her customers or could Enron’s former chief Ken Lay get a new job under the clouds of suspicion left in the wake of their legal problems? It depends upon the match between how they respond to the allegations and the extent to which the alleged offense is perceived to involve their integrity or their competence, according to a recent study by Washington University in St. Louis professor Kurt T. Dirks and three colleagues.

In November, 26 incumbent U.S. senators will be on election ballots. Chances are, most of them will win, according to a study by Washington University in St. Louis professor Gautam Gowrisankaran and two colleagues.

President George W. Bush’s recent push for the establishment of an ownership society features partial privatization of Social Security by diverting a portion of the payroll tax into individual accounts. “Privatizing Social Security is a dangerous idea,” says Merton Bernstein, a nationally recognized expert on Social Security. “Despite widespread criticism and misunderstanding, Social Security is in good shape for the future and its funding can be made solid by modest measures. In contrast, privatization would cost $3.75 trillion.”