Changing Course: The Chrysler Deal, Rising Gas Prices and Other Car Talk
Earlier this month, Cerberus Capital Management bought 80.1% of Chrysler Group from German auto maker Daimler-Chrysler, effectively ending a nine-year marriage between the two that never quite worked out. The expectations created by this acquisition are huge, and revolve in part around Cerberus's ability to make a deal with the United Auto Workers union that would include restructuring billions of dollars of retirement and health-care benefits -- a burden that both Ford and GM -- but not Toyota
David Marshall: The China Wake-up Call for American Real Estate
David G. Marshall, CEO of Amerimar Realty in Philadelphia, has made a career of seeking out bitter lemons and turning them into sweet -- and profitable -- lemonade. Through the years, he has taken over distressed properties -- such as The Rittenhouse in Philadelphia, Pier 39 in San Francisco and Denver Place in Colorado -- and made them into successful enterprises. Marshall recently went to Shanghai as part of the Wharton Fellows program and came to the conclusion that what is happening in Chine
P4 Klartext 2010-09-27 kl: 18:00
Klartext handlar i dag om att Miljöpartiet säger att de kan tänka sig att samarbeta litegrann med regeringen. Vi berättar också om att myndigheten Kriminalvården kan ha lurats på pengar. Ett företag som har fått betalt för att ta hand om fångar, har istället släppt fångarna fria och behållit pengarna. Du får höra fler nyheter när du lyssnar på programmet.
Cisco-K@W on Enterprise Security Threats and Trends: Part 1
Cisco Chief Security Officer John N. Stewart and Wharton's Andrea Matwyshyn discuss the current network security environment. This is the first of a two part series on Enterprise Security.
What's Behind the Flare-ups in Oil Prices? Jeremy Siegel and Witold Henisz Weigh In
Memorial Day, which marks the beginning of the summer driving season in the U.S., saw gas prices at nearly $4 a gallon all over the country -- and even higher in states such as Florida. Globally, the picture looks more worrisome: Oil prices crossed a record $135 a barrel during the weekend of May 24-25, although by Tuesday prices had come down to $131. What's behind these regular flare-ups in oil prices? What are the major economic and geopolitical factors at work? How does expensive oil affect
Cisco-K@W on Enterprise Security Threats and Trends: Part 2
Cisco Chief Security Officer John N. Stewart and Wharton's Andrea Matwyshyn discuss the enterprise security impact of emerging Web 2.0 technologies and collaboration tools. This is the second of a two part series on Enterprise Security.
AIG Rescued but Crisis Continues
After refusing to bail out Lehman Brothers, the government agreed to an $85 billion loan to insurance giant AIG, effectively taking over the company. Knowledge@Wharton talked to Wharton insurance professors Olivia Mitchell and Kent Smetters to find out how the world's largest insurer got into this situation and how it can be prevented from happening again.
High-leverage Innovation, Part One: Spending and Performance
Money isn't the key to successful innovation. In fact, many companies spend far less than their competitors on R&D to achieve far better performance. To learn why that's the case, Knowledge@Wharton and strategy+business spoke with Karl Ulrich, Wharton professor of operations and information management, and Kevin Dehoff, a partner at Booz & Company. In this first part of a three-part series, Dehoff and Ulrich discuss the relationship between spending on innovation and corporate performance, how
Economists to Obama: Get the Government out of the Banking Business
On the eve of Barack Obama's inauguration as president of the United States, Wharton finance professor Richard J. Herring discussed with Knowledge@Wharton some of the advice offered to the new chief executive by the Shadow Financial Regulatory Committee, a group of economists, former regulators and lawyers, of which Herring is a co-chair. Among the recommendations: As quickly as possible, unwind federal investments that helped keep U.S. banks afloat. Herring also assessed the deepening woes at C
Take Two Advil and ... What Ills Can the Pfizer-Wyeth Merger Cure?
When the giant pharmaceutical company Pfizer announced on January 26 that it was acquiring Wyeth for $68 billion, analysts started questioning what benefits the deal would bring and for whom. Pfizer executives suggest the acquisition makes strategic sense by expanding the company into a range of new areas, and by helping make up for an expected loss of more than $12 billion in annual revenues once its Lipitor patent expires in 2011. But Wyeth also brings some liabilities -- notably, continuing l
Warning: Big Financial Firms May Be Riskier Than They Appear
Large financial institutions have failed with much higher frequency than is generally perceived, says Andrew Kuritzkes, a partner at Oliver Wyman and head of the management consulting firm's public policy practice in North America. In this interview with Knowledge@Wharton, Kuritzkes suggests some new guidelines that would greatly improve the financial system's ability to absorb the inevitable, if individually unpredictable, shocks of big failures.Author(s):
Jeremy Siegel: 'The Market Will Stage Another Recovery'
Now that it's clear the recession will not turn into a depression, stocks are poised for a recovery, says Wharton finance professor Jeremy J. Siegel. In an interview with Knowledge@Wharton, he said last week's market decline in response to rising commodity prices -- especially for energy -- and fear of the ever-growing federal deficit was no more than a short-term setback.
PARC's Teresa Lunt: 'Figuring Out What Is Valuable for You to Know Right Now'
Teresa Lunt, who directs the computing science laboratory at the Palo Alto Research Center, is involved in a wide range of activities, including ubiquitous computing, security and privacy, and ethnography for organizational environments and technology design. During a talk with Knowledge@Wharton at the recent Future of Publishing Conference in New York, she discussed a few of her current projects -- such as research into workplace efficiencies, a study on mobile advertising and the creation of a
Falling Prices, Foreclosures and Fear: What's Next for the Housing Market?
The U.S. housing market has been wobbly for several years, but it has shown some signs of perking up in recent months. The latest reports, however, indicate a setback, with median home prices dropping slightly and sales well below the already depressed levels of 2009. Yet a combination of low mortgage rates and apparent home-price bargains should still be drawing some buyers into the market. Knowledge@Wharton spoke with Wharton real estate professor Susan M. Wachter about the housing market's sl
06 Oct 2010: How Things Really Work: Lessons From a Life in Politics
Bill Hobby was elected lieutenant governor of Texas in 1972. As the longest-serving lieutenant governor in Texas history, a media executive, distinguished university professor and philanthropist, he has worked to guide the state into the future. During his 18 years in office, Hobby made education a top priority and helped make health care more accessible. After leaving office in 1991, he continued to run Hobby Communications but was soon tapped to lead the University of Houston System through a
Interview with the parents of Kory Slack
What Makes a Good Chairman?
Good chairs know whom they are accountable to and it’s not shareholders or employees.
Tapping the uptapped: a winning strategy for emerging markets
Innovation is often a key driver to a company’s success. Take Siemens, for example, which has a reputation for being innovative – and successful.
But the correlation doesn’t stop there, according to Ursula Boehm, Vice President, Operations (International Business) at Siemens.
Macbeth-Sleep Walking Scene
From the 1979 version of Macbeth, this is a clip of the sleep walking scene of the movie. This shows an excellent performance of the Shakespearean play. This clip can be used for scene analysis, character analysis, or reflection.