School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says CEOs of TARP-assisted banks must start clearing their toxic assets or get out. “Asked (Sunday) whether the government would force banks to sell their toxic assets and begin lending […]
Mass Communication and Public Relations Professor Christopher Cakebread says NBC is upset about Boston station WHDH-TV deciding not to carry the new Jay Leno show at 10 p.m., in lieu of local news, because the network fears the move may spread. “NBC’s greatest concern is the domino effect that might occur if WHDH replaces Leno at […]
School of Management Professor James Post, an expert on corporate governance and business ethics, says the $210 million in retention bonuses for employees of bailed-out Fannie Mae and Freddie Mac are inappropriate under the economic circumstances. “The news of retention bonuses at Fannie and Freddie gives me the same nauseous feeling I felt when looking at […]
Law Professor Linda McClain, an authority on family law, says the Iowa Supreme Court’s ruling unconstitutional that state’s same-sex-marriage ban is a big legal deal but likely will be challenged. “This is major. What may happen next is an effort, as in California, to overturn the court by amending Iowa’s constitution. By contrast to California, […]
Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says the G-20 communique outlining new international financial regulatory reforms marks a new era. “The specificity of the G-20 pact signals a new era of cross-border cooperation on an array of regulatory […]
With lawsuits filed against KPMG claiming that “reckless and grossly negligent audits” helped acclerate the collapse of subprime mortage lender New Century Financial, Law Professor Tamar Frankel – an authority on securities law – reminds of the legal role played by auditors. “You cannot make accountants responsible for bad business plans or decisions. But they […]
April 2, 2009 at 12:23 pm
Management, Strategy and Innovation Professor Professor N. “Venkat” Venkatraman from the School of Management says this year’s 5 business-day scramble for temporary visas for foreign scientists and technology engineers is different this time around. “It’s the beginning of the latest cycle of applications for H-1B visas for highly qualified foreign-born workers intending to work in the […]
April 1, 2009 at 10:04 am
Advertising Professor Tobe Berkovitz, associate dean of the College of Communication, says the recession means there are plenty of bargains to be had for advertising buyers, except on bona fide hits on broadcast and cable TV. “There is a glut of media options, so the supply-demand chain favors advertisers rather than the media. Digital and […]
March 30, 2009 at 10:48 am
School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the onging debate between Treasury Secretary Timothy Geithner and columnist and Nobel winner Paul Krugman is revealing. “The Geithner vs. Krugman debate is interesting. At least we can be confident that Krugman hopes Geithner suceeds, unlike others with […]
March 27, 2009 at 2:58 pm
Advertising Professor Tom Fauls, a veteran of the ad industry, says Microsoft’s new advertising strategy emphasizing the lower cost of Windows PCs vs. Macs, is smart but may not gain much. “For Microsoft to leverage the value issue in the depths of the recession is a no-brainer. This new spot is far less painful than […]
