How to tell if a company has a high IQ

Joe Angeles/WUSTL PhotoThere are companies that, like people, are smarter than others. Literally. A business professor at Washington University in St. Louis has developed a way to measure a company’s IQ based on how effective it is at innovating. Using data from SEC filings, a professor at the Olin School of Business, computed the IQs of all the publicly traded US firms that engaged in R&D. More…

Timing interest rates helps some firms meet analysts’ forecasts

Is it all about long-term growth or short-term gains? That’s the question some finance professors at Washington University in St. Louis set out to answer when they investigated why non-financial firms are timing the interest rate market. The answer: by swapping short term, flexible interest rates for long term, fixed contracts, or vice-versa, managers may be more likely to meet analysts’ forecasts. More…

Olin School of Business celebrates distinguished alumni

The Olin School of Business will honor the achievements of four alumni May 3 at the school’s annual dinner at the Ritz-Carlton St. Louis in Clayton. Business school Dean Mahendra Gupta also will present the Dean’s Medal to Stuart Greenbaum and his wife, Elaine, A.B. ’60. This year’s recipients of the Distinguished Alumni Awards are E. William Gillula, M.B.A. ’73, Lynn E. Gorguze, M.B.A. ’86, Lewis A. Levey, M.B.A. ’67 and Lin-Kuei Jackson Ling, M.B.A. ’04.

Washington University named one of best places to work

Washington University in St. Louis was named one of the top three Best Places to Work in the St. Louis Business Journal’s annual survey of area employees. At a dinner and reception April 20 at The Westin Hotel, Washington University was named the best workplace in the large employer category.

International Business Outlook Conference at Washington University

WHAT: International Business Outlook Conference An annual conference organized by Washington University Olin School of Business MBA students. Event includes breakout sessions and keynote speakers from experts in doing business globally. WHEN: Friday, April 7, 7:30 a.m. to 4 p.m. WHERE: The Charles F. Knight Center, Washington University Hilltop Campus WHO: Keynote speakers include David N. Farr, Chairman, CEO & President of Emerson, Sir Tom McKillop, Former CEO of AstraZeneca and current Chairman (Designate) of The Royal Bank of Scotland, Jai Nagarkatti, President & CEO of Sigma-Aldrich Corporation. For a rundown fo the day’s events go to: http://www.olin.wustl.edu/IBOC/events.cfm

Employees are most likely to cut corners when they lack clear goals and feel overworked

The television show “The Office”  portrays more truth than fiction. But the consequences of bad management can be more serious than the awkward moments portrayed on the program. Employees get cynical when they endure multiple changes in company strategy and when they are overworked, according to experts at Washington University’s Olin School of Business. As a result, people produce work, but they don’t care how they produce it. The drive to get things done in today’s business environment is so strong that workers start thinking only of short-term gains and ignoring long-term consequences. More…

Former Reagan economic advisor says current defense budget is much smaller than during other wars

Current levels of defense spending represent less than 5 percent of the nation’s gross domestic product (GDP), says Murray Weidenbaum, the Mallinckrodt Distinguished University Professor at Washington University in St. Louis. He says that the cost of today’s war pales in comparison to military outlays of about 35 percent of GDP at the peak of World War II; 15 percent of GDP for the Korean War; 10 percent for Vietnam and 6 percent for the Gulf War. More…
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