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Archives for: January 2006


GROCERY HEADQUARTERS, 1/1/2006
The Art of the Steal
VISHAL SINGH, Assistant Professor of Marketing, provides insight from his research on how grocery store chains can stay in business in the face of new neighborhood Wal-Mart superstores by analyzing frequent shopper patterns and executing targeted promotions and other shopping incentives.

PR NEWSWIRE – PRESS RELEASE, 1/6/2006
CyDex, Inc. Names Jose L. Rodriguez Vice President of Business Development
JOSE L. RODRIGUEZ (MBA 2001) is the new Vice President of Business Development for CyDex, Inc. He will focus on portfolio management and partnering relationships for the company.

BILLINGS GAZETTE (MT) , 1/13/2006
Experts: Deregulation didn't cut electric rates
The deregulation of electric utilities has not cut rates for industrial consumers in Montana and other states and, in some cases, created costs that have raised prices, indicates research conducted by JAY APT, Executive Director of Carnegie Mellon Electricity Industry Center, Associate Research Professor, Distinguished Service Professor in Engineering and Public Policy, is quoted regarding his research completed with LESTER B. LAVE, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center, and SETH BLUMSACK (MSIA 2003).

OCREGISTER.COM (CALIFORNIA STATE UNIVERSITY), 1/15/2006
A numbers game: Liver transplant programs struggle with a shortage of surgeons - and organs. The prestige may draw in some hospitals who are not fully equipped for the job
There is still disagreement about whether regulators should certify small programs such as those at UCI and Penn State. "The data pretty clearly shows that larger centers did better than smaller centers. There are some exceptions, of course, (but) it's pretty clear that the larger transplant programs have surgeons who have more opportunity to perform transplants and have more proficiency (in) difficult surgeries," said FREDERICK RUETER, Adjunct Professor of Economics.

PITTSBURGH BUSINESS TIMES, 1/16/2006
Motivated workers move companies forward: Pushing right buttons impacts bottom line
CHRIS ALLISON, instructor of the Entrepreneurial Leadership Forum hosted by the Donald H. Jones Center for Entrepreneurship, is quoted in this article, which discusses how one exceptional executive learned how to motivate her employees to produce employee retention and maximum productivity. "If people feel good at what they are doing ... they will be high functioning," he said.

REUTERS, 1/18/2006
ANALYSIS-Pushed, prodded, Greenspan leaves openness legacy
Allan Greenspan's Federal Reserve Board career is marked by a history of transparency in policy, but unlike that of incoming Federal Reserve Board chairman Ben Bernanke, it didn't start out that way. ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy, is quoted in this article: "He had to agree to it and accept it and believe in it," Meltzer said. Greenspan has said the Fed is striking "a reasonable balance" between desired transparency and steps that could constrain policy-making. "Providing more complete information about policy decisions is not without cost," he wrote in November to Rep. Jim Saxton, chairman of the congressional Joint Economic Committee.

DECCAN HERALD (INDIA), 1/19/2006
A global touch to education International School of Management Excellence hopes to collaborate with premier management institutes from across the world and work with multinational corporations to identify the needs of each industry within various functional areas of management.
Giving details of the business school, NITIN GARG (MBA 2003), the director of ISME says, the course material at ISME has been developed by "CMU, Massachusetts Institute of Technology (MIT), Purdue, Wharton, University of Chicago, London School of Business and other top ranking B Schools in the world. Our vision is to establish something that has global standards but is affordable to a large segment of students."

BUSINESSWEEK ONLINE , 1/22/2006
Taking on Tepper Admissions: An admissions official and a student from Carnegie Mellon's B-school discuss the application process, the workload, and what makes Tepper unique
LAURIE STEWART, executive admissions director at Carnegie Mellon's Tepper School of Business and MARY BOONE (MBA 2006) were online to answer questions and offer advice to prospective MBA students on how to stand out from the crowd. Among their suggestions for applicants were to provide specific examples of demonstrated leadership and to utilize skills gained during extracurricular activities.

PITTSBURGH POST-GAZETTE, 1/22/2006
Pitt, CMU act to build on successes Universities struggle to turn laboratory innovations into money-making ideas
ART BONI, John R. Thorne Chair of Entrepreneurship; Associate Teaching Professor of Entrepreneurship; and Deputy Director, Donald H. Jones Center for Entrepreneurship, and ANDREW HANNAH, Adjunct Professor of Entrepreneurship are quoted in this article which discusses the challenge for Pittsburgh's cutting-edge research to be converted into money-making business development. Boni suggests that Pittsburgh is just starting to mature in this respect, while Hannah has brought his own product from a Carnegie Mellon lab to the market-place in six weeks.

THE ECONOMIC TIMES , 1/23/2006
Why Indians make best marketing brains
This article about the strong reputation of Indians in the marketing field references Professor V. 'SEENU' SRINIVASAN (MSIA 1970; PHD 1971) of Stanford as one of the trailblazing 'gurus' who made his mark on the top American b-school landscape.

BLOOMBERG.COM, 1/23/2006
Canada's Steel Center Seeks Stelco Buyout After Dofasco Deal
DAVID TEPPER and Appaloosa Management LP have a lot to gain as Stelco undergoes corporate retructuring: Stelco "has a lot of upside potential, and if we can fix it, we can make a lot of money," said David Tepper. Appaloosa, together with Toronto-based money manager Sunrise Partners Ltd., will own 35 percent of Stelco. "We're hopeful we can turn this thing around."

THE TARTAN ONLINE, 1/23/2006
Students aid in Katrina relief over break
Carnegie Mellon students traveled to New Orleans to aid in the releif efforts of hurricane Katrina. NUVEEN MARWAH, a fifth-year Tepper undergraduate majoring in business administration, international relations, and Spanish, is quoted in this article about the expedition that he organized as part of the new student organization Alternative Break. The Tepper School was a key sponsor of the trip.

HERALD SUN, 1/25/2006
Dascenzo: It's no secret, the Wolfpack is good
HERB SENDEK (BS 1985), coach of the North Carolina State basketball team, is mentioned in this article about the continued sucess of his team. "If it's true that a team is as good as its last game, then Herb Sendek should be feeling very good today. One radio talk show host nearly went walking on a tightrope and figured N.C. State's future schedule would mean victory after victory. Sendek, a brilliant student at Carnegie-Mellon, is far too smart for such future vision. Each game, he will tell you, takes on a different look, a new personality."

BusinessWeek, 1/25/2006
Undergraduate business degrees are about growth
An undergraduate business degree should be about educational experiences, personal growth and development, says Milton Cofield, Executive Director of the Tepper School’s B.S. in Business Administration Program. The undergraduate business degree should be valued for its flexibility in the process of beginning to develop careers, not a unique career development process, he says.

THE INDIANAPOLIS STAR, 1/26/2006
Guidant: It's Boston or bust J&J capitulates; timetable for federal approval is focus now
After a long bidding war, Boston Scientific Corp. has bought Guidant Corp. for $27 billion, beating out Johnson & Johnson for the sale. In the end, said ROBERT DAMMON, Professor of Financial Economics, it appeared Johnson & Johnson "just wanted to avoid overpaying" for Guidant. "I really have to give them credit for walking away," he said, citing studies of takeovers that show many don't pay off for the winning bidder with higher returns on shares.

THE KANSAS CITY STAR, 1/29/2006
Greenspan legacy will outlast detractors, supporters
ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy, and NORMAN ROBERTSON, Adjunct Professor of Economics, are quoted in this article look back fondly on the Greenspan era of the Federal Reserve Board. It’s hard to find a period which was better. Unemployment rates have been low. That’s a real achievement, and we owe that to the Greenspan Fed,” said Meltzer. “Alan probably knew more about everything than I knew about anything,” said Robertson.

KDKA TV , 1/30/2006
Oil Companies Report Record Profits
LESTER LAVE, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center, is quoted in this news story about the exorbitant profits reported by oil companies in 2005: “That was pure profit in terms of refinery margins. If you were lucky enough to have a refinery that was operating [after hurrican Katrina], you made a lot of money,” he said.

THE ASSOCIATED PRESS and CBS NEWS, 1/30/2006
Fed transition concerns Wall Street
MARVIN GOODFRIEND, Professor of Economics, is quoted in this article about the mixed reactions to the new Federal Reserve Board Chairman Ben Bernanke: "It's natural to be nervous about the transition. It's the nature of the beast, when someone has been terrifically successful at this job, like Alan Greenspan has been, and has been in the job for a long time, you have to adapt to a new style of leadership. But I don't personally believe there will be much difference in the substance of the leadership," he said.

KNIGHT RIDDER WASHINGTON BUREAU, 1/30/2006
`Licensing effect' seen in dieting, charity, hiring
This article talks about a phenomenon called the 'licensing effect,' where people tend to something indulgent after they do something positive. For example, when one has a milk shake after taking a run. The research of UZMA KHAN, Assistant Professor of Marketing, found that people who regularly volunteer to help others, tended to make a selfish decision afterwards.

REUTERS, 1/30/2006
World Bank chafes under Wolfowitz changes
ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy, adds his two cents about the young and controversial tenure of Paul Wolfowitz in the World Bank: Wolfowitz "has appointed a lot of people at the top of the bank to work with him and they are all Americans. One doesn't have to be aware of foreign affairs to know that Americans are not the most popular people in the world, especially in running things."

THE ST. LOUIS POST-DISPATCH, 1/30/2006
Greenspan era is coming to a close
ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy, is quoted in this article, which looks back on the career of the retiring chairman of the Federal Reserve Board: "The fact that you have only these minor criticisms is quite an achievement," he said.

THE NEW YORK TIMES, 1/31/2006
And in This Corner, Fed Choice Is Blip on Some Senators' Radar
While Wall Street disects Ben Bernanke's every move, Washington hasn't paid him very much attention. Bernanke, the former Princeton economist and chairman of the White House Council of Economic Advisers who is President Bush's choice to succeed Alan Greenspan as Chairman of the Federal Reserve Board, got a "free ride" during his confirmation hearing, according to ALLAN H. MELTZER, The Allan H. Meltzer University Professor of Political Economy. "Bernanke is certainly every bit as important as Alito [who was throughly questioned before being accepted to the Supreme Court]," he said.

THE CHRISTIAN SCIENCE MONITOR, 1/31/2006
Greenspan and rise of the central banker
ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy, is quoted in this article about the success and prosperity of the Greenspan era of the Federal Reserve Bank: "The way to get higher growth is to have lower inflation. The success of the Fed and the Bank of England has done much to convince people that that's the way to go."

INDIAN TELEVISION.COM, 1/31/2006
US research analyses live TV's appeal on viewers
JOACHIM VOSGERAU, Assistant Professor of Marketing, is quoted in this article about why live television is so appealing to watch. Most alluring is the element of surprise: "Indeterminate consumption experiences (such as watching sports competitions live on television) unfold in ways that are not decided before the event occurs," he said.

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