Business & Entrepreneurship

The National Day of Prayer typically sparks debate about whether the day violates the establishment clause from the First Amendment to the U.S. Constitution. This year’s observance on May 3, however, likely will take on added significance, says John Inazu, JD, first amendment expert and professor of law at Washington University in St. Louis. The reason? 2012 marks the 50th anniversary of the Supreme Court’s decision in Engel v. Vitale, which invalidated official prayer in public schools.

Olin Business School students, faculty and staff participate in a charity basketball game April 12 to raise money for Hike4Kids, a project started by MBA student Michael McLaughlin. This spring and summer, McLaughlin is through-hiking the entire Appalachian and Ozark trails back-to-back, helping to raise funds and awareness for underprivileged children, both locally and in Africa.

Third-year law students Justin Lepp, Nick Rosinia and Mikela Sutrina are the first Washington University in St. Louis School of Law team to win the American Bar Association’s (ABA) National Appellate Advocacy Competition, the largest and most competitive moot court competition in the country. The students went a combined 11-0 in the Seattle Regional and National Final en route to the championship April 14, surpassing 209 other teams from 118 law schools.

Janji, a socially conscious running shorts business created by members of the Washington University in St. Louis cross country team, will release its original running apparel at a public launch party in St. Louis Thursday, May 3. The venture aims to make a global impact on the food and water crisis through its running apparel.

The nation’s top 20 public firms could have added nearly $1 trillion to their market value if, in 2010, they had used a new tool, known as the research quotient (RQ), to determine their research and development (R&D) budgets, says its creator, Anne Marie Knott, PhD, associate professor of strategy at Washington University in St. Louis.

President Barack Obama lately has been arguing for increased taxes on the rich through his proposed “Buffett Rule,” which would ensure that millionaires and billionaires pay a minimum effective tax rate of 30 percent on their income. Most Americans, including supporters of presidential hopeful Mitt Romney, support such a move, finds The American Panel Survey (TAPS), a new Washington University in St. Louis survey.

Olin Business School recognized the achievements of four alumni during the annual Distinguished Alumni Awards Ceremony April 5. They are: Scott B. Helm, Paul A. Koch, Roger L. Koch and Merry L. Mosbacher. Also presented was the Dean’s Medal to Joanne and Charles F. Knight and Carol and George Bauer.

Winners of the seventh annual YouthBridge Social Enterprise and Innovation Competition were announced April 11. Winning teams represented community and WUSTL social entrepreneurs, including students, alumni and faculty. Their social venture ideas ranged from teaching teens about entrepreneurship through beekeeping to providing education to kidney transplant patients.

Kurt Dirks, PhD, Bank of America Professor of Managerial Leadership at Olin Business School, discusses trust in the workplace. “It’s particularly timely,” he says, “given that trust in leaders of almost all sectors ranging from business to government to education are at record lows.”

The Jump Start our Business Start-ups (JOBS) Act, an entrepreneurship bill signed into law April 5 by President Barack Obama, could help open an entirely new class of investor to a process they largely have been held out of, says an expert at Washington University in St. Louis.