Major League Baseball: sharing revenue, not success

Major League Baseball implemented revenue sharing to create incentives for ball clubs to build their teams and build their fan base. It’s ended up having the opposite effect, according to a business professor at Washington University in St. Louis. The amount a small-market team receives from the league may be more profitable than the revenue it gets from winning a game. Michael Lewis proposes an alternative way of distributing MLB revenues that creates incentives for ballclubs to create good teams and fill stadiums. (video available)

Jeri Sedlar to discuss life after retirement

Jeri Sedlar, author of “Don’t Retire, Rewire!” will lead an interactive session to help people define what kind of work is best for their retirement given their passions and interests, and how to go about obtaining it. The talk will take place Friday, Oct. 5, 2007 at 4 p.m. in Simon Hall’s May Auditorium on the Danforth Campus of Washington University in St. Louis.

After a toy recall, a company must over-communicate to correct sometimes conflicting public perceptions

After what seems like a never-ending cycle of firms recalling their products, Congress jumped into the ring with an oversight hearing to determine what is going on. But the complexity of sending an effective message to assure the public the products are safe is made all the more difficult when an executive speaks to a congressional committee. The verdict is out on the credibility of Mattel’s message.
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