DIvIDEnD - Stephen M. Ross School of Business - University of ...

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Thought in Action
“ it’s the first good news of any
great consequence to have
come their way in years.”
GERaLD mEyERS, adjunct professor of management
and organizations, on double-digit sales gains
experienced by GM and Ford in January following
Toyota’s massive recalls.
—msnbc.com, Feb. 4, 2010
Think about it from the
insurer’s perspective.
If somebody says you
have to cover everybody
from day one, well that
creates an incentive for
consumers to wait until
they’re sick or pregnant
to buy insurance. That’s
like buying homeowner’s
insurance after your
house burns down. The
plan has to collect enough
money to pay everyone’s
healthcare bills, and
if they are all sick, you
have to collect a lot
of money.”
ThomaS BUChmUELLER, Waldo
O. Hildebrand Professor of Risk
Management and Insurance, and
professor of business economics
and public policy, on politicians’
suggested healthcare coverage ban
on pre-existing condition exclusions.
—consumerreports.org, Jan. 27, 2010
“ When the rubber meets the road,
some companies may not be able
to deliver when they find out how
hard it is to cut emissions.”
nIGEL mELvILLE, assistant professor of business information technology,
regarding new software that allows companies and governments to
analyze emissions data. —The New York Times, Jan. 19, 2010
quote/unquote
“ Bristol-myers’ chief executive
Jim cornelius basically says,
‘i’m going out moose hunting.’
eli lilly isn’t going hunting or
maybe will shoot a rabbit. and
then astraZeneca says, ‘we
have no bullets, so we’ll give the
gun back to the shareholders.’”
ERIk GoRDon, clinical assistant professor
of entrepreneurial studies, on Bristol-Myers
Squibb’s chairman/CEO talking about the
cash he has available to buy prime assets.
—abcnews.com, Jan. 28, 2010
...
“ in 2008 companies in the financial
sector contributed over $475
million to congressional candidates,
the largest amount ever
contributed by this industry and
the second-largest figure among
all u.s. industries.”
DEnIS SoSyURa and Ran DUChIn, assistant
professors of finance, on conclusions from their
study of the possible connection between
government bailouts and banks’ political donations.
—Deal Journal blog, wsj.com, Dec. 23, 2009
...
“ anti-trade fervor always rises
to the fore when you have a bad
economy. this is a standard
response, particularly from
politicians in an election year.”
LInDa LIm, professor of strategy, on an outbreak
of protectionist fever in Washington, D.C.
—NPR, Morning Edition, March 5, 2010
“ not every
company or every
position needs to embrace
innovation. For example,
you don’t necessarily
want an innovative
accountant.
”
ThERESa WELBoURnE, adjunct
professor of executive education,
about whether or not companies
should encourage employee
side projects.
—inc.com, Jan. 25, 2010
...
“ this is a stark and fresh look
at the ramifications of the
stock market crash on the
fiscal situation in the federal
government and states.”
JoEL SLEmRoD, Paul W. McCracken Collegiate
Professor of Business Economics and Public Policy,
professor of economics, and director of the Office of
Tax Policy Research, commenting on IRS data that
shows Americans reported $447 billion from capital
gains in 2008, down from $749 billion in 2007.
—Bloomberg BusinessWeek, March 2, 2010
...
“ it’s not that women are worse
performers on boards, but
rather that the supply of
women candidates is not the
same as the supply of men.
it’s disappointing in this day
and age, but it seems to show
that the glass ceiling is still
in place.”
amy DITTmaR, associate professor of finance,
regarding her study of Norwegian firms required
by law to add more female directors to their
boards. Results showed boards grew younger and
more inexperienced, and performance declined.
—The New York Times, Jan. 28, 2010
spring 2010 DIvIDEnD 17