Media Coverage: February 2006

The Star-Ledger, 02/26/2006—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the relationship between the United States and the United Arab Emirates. "They buy $6 billion more from us than we buy from them," Ghadar says. "They are by far one of the most liberal countries in the region, they are a big logistical center and they want to be a major financial center." (Mideast Is A Big Investor In U.S.).

Centre Daily Times, 02/26/2006—News brief on the forthcoming meeting of the Advanced Manufacturing Forum sponsored by the Center for the Management of Technological and Organizational Change. (Manufacturing Forum Set For March At Penn State).

Pittsburgh Post-Gazette, 02/24/2006—Keith Crocker, William Elliott Chaired Professor of Insurance and Risk Management, comments on punitive-damage awards against insurance companies. Punitive damages are "the pot of gold at the end of the rainbow for individuals who figure they have been done wrong by an insurance company," Crocker says. "But a judge can knock those down." (Jury's $20 Million In Punitive Damages May Be Record).

MSN Money, 02/22/2006—Fariborz Ghadar, director of the Center for Global Business Studies, comments on Japan's aging population. "As early as 2010, more than 21 percent of the Japanese population will be 65 years or older (compared with, for example, 13 percent in the United States). Japanese women, on average, have 1.3 children, but a country typically needs a birth rate of about 2.1 to keep its population from shrinking, points out Fariborz Ghadar." (Is It Safe To Go Back To Japan?).

Centre Daily Times, 02/19/2006—News brief on the Financial Times' ranking of the Smeal MBA Program. "The Financial Times recently published its annual list of the top 100 MBA programs in the world, and Penn State's Smeal College of Business received its highest ranking since 2000." (Smeal MBA Program Rises In Rankings).

Centre Daily Times, 02/19/2006—News brief on the now-canceled research seminar by Fariborz Ghadar, director of the Center for Global Business Studies. (PSU Public Lecture To Focus On Globalization).

Pennsylvania Business Central, 02/17/2006—Article on Penn State Executive Programs. "Penn State Executive Programs, long one of the most respected university-based business education organizations, has cracked the world's top 10 of such groups in the most recent survey conducted by BusinessWeek magazine." (BusinessWeek Declares, "Penn State Executive Programs One Of World's Best").

Dominican Today (Dominican Republic), 02/17/2006—Barbara Gray, director of the Center for Research in Conflict and Negotiation, comments on how to resolve conflicts between colleagues. "When anger isn't dealt with constructively and instead is suppressed or directed at the wrong target, there are both personal implications and organizational implications," says Gray. (What Is The Best Way To Handle Annoying Coworkers?) This article originally appeared on the Research Penn State Web site.

The Dallas Morning News, 02/15/2006—Linda Trevino, Franklin H. Cook Fellow in Business Ethics, comments on the controversy surrounding Radio Shack's CEO, David Edmondson. "Board members are apt to scrutinize Mr. Edmondson's behavior more closely despite their initial support, Trevino said. ... Directors 'are the ones who are on the line now.'" (RadioShack Board Backs Chief). This article also appeared on WFAA.com.

The New Yorker, 02/13/2006—Article cites research by John Wald, visiting professor of finance. "One recent study of the market between 1992 and 2001 by economists at Rutgers and Penn State found that the more a CEO was paid, relative to his peers, the more likely his company was to underperform in the stock market." (The Financial Page: Overcompensating).

The Associated Press, 02/13/2006—Marvin Goldberg, chair of the Department of Marketing, comments on cereal marketing targetting children. "My bet is that you could plot the level of sugar in a cereal with the proportion of advertising that is targeted to kids versus say both parents and kids or only the parents," Goldberg says. (U.S. Cereal Company Turning 100). This article also appeared on more than 80 news Web sites, including Forbes.com and BusinessWeek.com, as well as in several publications, including the Buffalo News, Deseret Morning News, Grand Rapids Press, Taiwan News, and The Age (Melbourne, Australia).

B to B Magazine, 02/13/2006—Ralph Oliva, executive director of the Institute for the Study of Business Markets (ISBM), writes about the the ISBM's "Trends 2007" research project. "The idea that we really know how b-to-b customer markets make decisions is just often false. Current methods for measuring customer relationships, and gaining the insights we need to innovate, just aren't working. We need better tools." (Current Methods 'Just Aren't Working').

Pittsburgh Post-Gazette, 02/12/2006—James Miles, professor of finance, comments on pension plans and 401(k) plans. "There is this tenor in the popular press that people favor pension plans. I don't think that's true," says Miles. (The New Retirement Reality: Some Workers Finding Themselves Out On A Limb). This article also appeared in the Sacramento Bee, Providence Journal, and Redding (Calif.) Record-Searchlight.

Trinadad & Tobago Express, 02/11/2006—J. Edward Ketz, associate professor of accounting, is quoted in an article about the Royal Bank of Trinidad and Tobago. (Win Some, Lose Some). This article also appeared in the Antigua Sun.

Investor's Business Daily, 02/10/2006—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the economics of the oil industry. "Big oil companies still don't forecast $60 or $65 a barrel, but they do forecast $30 a barrel," says Ghadar. (Fuel Explorers Shifting Gears).

The Wall Street Journal, 02/08/2006—J. Edward Ketz, associate professor of accounting, comments on the financial reporting of Omnicom. "There's no evidence that the loss is temporary," Ketz says. Even if it was, "that leads us to Omnicom having to show the loss in the second quarter when it sold the shares." (Documents Show An Omnicom Transfer).

The Milwaukee Journal Sentinel, 02/08/2006—Fariborz Ghadar, director of the Center for Global Business Studies, comments on immigrant entrepreneurs. "Many of them find work. Some of them develop little shops and companies on their own. Eventually they get together and expand from the family network of immigrants and work together to build viable businesses," says Ghadar. (Immigrants Create A New Land Of Opportunity).

The Wall Street Journal, 02/06/2006—Article cites research by Abdullah Yavas, Elliott Professor of Business Administration. "Two real-estate professors—Abdullah Yavas of Pennsylvania State University and Ronald Rutherford of the University of Texas at San Antonio—sifted through home-sales data from several Texas counties between 2002 and 2004". (Broker Commissions Are The Real Component To The Real-Estate Bubble).

SmartMoney, 02/01/2006—Article cites research by James Miles and J. Randall Woolridge, professors of finance. "A definitive academic study by three Penn State finance professors that looked at spinoffs over more than 20 years found that shares of the new companies outperformed the market by 33 percent during the first three years of independence." (Free at Last).

SmartPros.com, February 2006—J. Edward Ketz, associate professor of accounting, argues in his column that audit fees are still too low, despite being raised by Sarbanes-Oxley. "Audit fees must cover the risk that corporate executives will commit accounting frauds in the future," Ketz writes. (Power To The Auditor).

Newton (Utrecht, Netherlands), February 2006—Barbara Gray, director of the Center for Research in Conflict and Negotiation, is interviewed for an article regarding difficulties in forming and implementing mergers and acquisitions.

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