Wednesday, February 27, 2008

GSB newswire

Here's a look at what's been happening at the GSB over the past few weeks:

Bill Gates, founder and chairman of Microsoft, visited campus on February 20 and gave a speech to students at the Harper Center. Gates talked about investing dollars where they are most needed, and how the Gates Foundation is trying to help. He pointed out that "less than 10 percent as much is spent on malaria as is spent on baldness. Malaria kills a million people a year." Gates emphasized that the current focus of businesses to innovate should incorporate innovations that will help the world's poorest citizens: "With all these rapid innovations - material science and cultural science, medical science, entertainment, the quality of video games, enhanced commercialism - we should really not just focus on what these breakthroughs mean for the richest two billion of the six billion on the planet." Gates also talked about some of his biggest challenges in managing people at Microsoft. “My mistakes were picking engineers and saying, well, if you’re a high IQ engineer, then you can manage people, basically on the belief that IQ is fungible,” he said, “because I don’t understand why it’s not. But it turns out, it’s not.” Over two hundred students packed into Room 104 of the Harper Center in an event that was so highly demanded that a lottery had to be conducted for tickets.

The webcast of this speech can be seen here.

In a recent New York Times article, Professor Austan Goolsbee said tax proposals by Democratic presidential candidate Sen. Barack Obama “would be fully paid for by closing business tax loopholes, cracking down on international tax evasion schemes” and restoring higher tax rates on some capital gains earned by the wealthiest taxpayers, according to an article published January 23. Professor Goolsbee is Obama’s senior economic adviser.

Clinical Professor Scott Meadow and Adjunct Associate Professor Linda Darragh were quoted in a Chicago Tribune article about entrepreneurs considering starting two businesses at the same time. “Look for a strategic link and a reason they fit together,” Professor Darragh said. “Unless I had Steve Jobs for both companies, I doubt I would consider backing someone who was working on two different deals,” Professor Meadow said in the February 11 article.

Gerald Beeson, MBA ’99 was promoted to COO of Citadel Investment Group LLC, a large hedge fund. Previously he was CFO of the fund which is based in Chicago. The announcement appeared in the February 7 edition of the Wall Street Journal.

Finally, over 300 students and their partners congregated at the River East Arts Center on February 23 for the 2008 Intrigue and Mystery Winter Formal. There were performances of old classics and modern hits by a live cover band, and this year's theme was a masquerade ball, so many students decided to get creative with their facewear. The setting was the dance hall of a modern art gallery overlooking the beautiful - and frozen - Chicago River. This event was put on by the Graduate Business Council. Thanks you guys for a great event!