Media Mentions

Entrepreneur

Mark Loschiavo, executive director of Drexel University’s LeBow College of Business Laurence A. Baiada Center for Entrepreneurship, was quoted in an article titled “When to Outsource” in Entrepreneur magazine. The article covered the costs and benefits of outsourcing business operations. “The first layer of cost savings in outsourcing comes from payroll taxes, insurance and benefits paid to full-time employees,” says Loschiavo. “Entrepreneurs should expect to pay roughly 30 percent of an employee’s salary in addition to the salary itself for these overhead costs.” This story was also picked up by The Washington Post.

Fox Business

Ralph Walkling, Ph.D., executive director of the LeBow College of Business Center for Corporate Governance, was quoted in an article titled "Safeguarding Executive Travel in Wake of Polish Accident" published by Fox Business. The article covered crisis management and policies Fortune 500 companies have in place restricting executives from the same company to travel on the same airplane.“I think it will serve as a wake-up call," Walkling said, referring to the plane crash in Poland. "It’s very wise to be prudent and not put all of your eggs in one basket - or in this case, all of your executives into one airplane."

U.S. News and World Report

Drexel University's LeBow College of Business was featured in an article titled "How to Get In" under "Best Business Schools" on the U.S. News and World Report Web site. The article covered what admissions officers look for in applications for candidates of an MBA and what they can do to stand out.

The Philadelphia Inquirer

George Tsetsekos, Ph.D., R. John Chapel, Jr. Dean, was quoted in an article titled "Questions and Answers on Greece's Financial Crisis" printed in The Philadelphia Inquirer. "Greece's woes provide the first major test of the euro zone. Even though it is a small country, the implications for the survival of Europe are tremendous," said Tsetsekos.

The Philadelphia Inquirer

Ralph Walkling, Ph.D., executive director of LeBow College Center for Corporate Governance, was quoted in an article published in The Philadelphia Inquirer titled "This Economy: Financial Regulation a Tricky Process" which talked about the evolution of businesses to changing economic landscapes and their ability to stay ahead of changing regulations. "Successful regulation would evolve with business, but that will not happen because the political process makes it impossible," said Walkling. "Regulation doesn't follow a Darwinian process. It is more like a pendulum that gets stuck, either on the side of too much regulation or too little regulation," he said.

KYW News Radio

Donna De Carolis, Ph.D., associate dean for strategic initiatives, covered the importance of accountability within a firm in a commentary that aired on KYW News Radio. "Too often managers assume employees understand what is expected of them, when in fact this isn't the case," De Carolis says. "Teams and individuals need to have clear goals and outcomes while leadership needs to consistently set expectations of accountability."

The Wall Street Journal

LeBow College of Business was featured in a Wall Street Journal article titled "Sustainability Is a Growing Theme,"  which addresses a new effort led by Dave Stangis, vice president of corporate social responsibility and sustainability at Campbell Soup Co., to integrate social responsibility related initiatives within college curricula.Mr. Stangis says he spends a few days a week with professors and students at business schools like the University of Pennsylvania Wharton School, Columbia Business School, and Drexel University's LeBow College of Business. "What I want them to figure is what's really cutting edge," he says. The job of the students is to figure out "what the best companies are doing in this space."

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., covered involving customers in inventory buying, psychological resilience for business owners during hard times, the advantages of sustainable strategies, and the trade offs that come with starting a business based out of the owners home for the February editions of her Business Commentary for KYW News Radio.

PR Web

Dean George Tsetsekos Ph.D. was featured in a press release posted on PRWeb.com titled “Greek-born B-School Dean: In Midst of Crisis in Greece, EU Needs to Establish Financing Facility” where he discusses the recent debt crisis Greece is facing within the European Union. Tsetsekos said that with the support of the European Central Bank, the EU should establish a financing facility to provide short-term financing support for countries like Greece that need to rollover existing debt and/or finance public deficits.

Philadelphia Inquirer

Dean George Tsetsekos, Ph.D, was featured in an article in The Philadelphia Inquirer talking about the debt crisis his native country Greece is currently facing. Tsetsekos says he is confident there will be a solution. His prescription is for the European Union, with help from the European Central Bank, to set up a mechanism to provide short-term financing support for countries that need to roll over their debt or finance public deficits. “The EU is a younger alliance of nations. They never anticipated this crisis and never devised the mechanisms to address one,” said Tsetsekos.

Business Week

Ian Sladen, assistant dean for undergraduate programs at LeBow College of Business, was quoted in an article titled “Co-ops: Launching a Career Before Graduation” published in BusinessWeek. The article covered the benefits co-op experiences provide undergraduate students. LeBow College was named as one of the top two business co-op programs in the nation. “Students with co-op experience have a leg up on the competition because they have the one thing you can’t get in a classroom—practical work experience,” says Sladen.

KYW News Radio

Donna De Carolis Ph.D., associate dean of strategic initiatives at LeBow College of Business, was quoted in an article titled “Area Business Leaders Attend Conference on Greening for Profits” featured on the website KYW News Radio. De Carolis said that investing in sustainability can lead to lower costs, more innovation, and even better employee morale. “By not being sustainable, in the long term you can put yourself at a competitive disadvantage,” she says.

Philly.com

Jacqueline Garner, Ph.D., associate professor of finance, was featured in an article in the Philadelphia Inquirer titled "Numbers Professionals and Their Cars." In the article, financial professionals discuss what factors they take into account when buying a car.Garners says she always buys a five-speed transmission, never an automatic, because "that will take the price of the car down. I need a car that can get me to work and park in a small place."

The Metro

Elie Farhat, director of graduate programs, was featured in an article in The Metro titled "Make an Executive Decision: Get an MBA" which addressed how executive MBA programs are designed for people with leadership experience.“We look at the type of decisions the person makes, and how those decisions impact their unit or organization,” Farhat says. 

The Metro

Frank Linnehan Ph.D., associate dean for graduate and undergraduate studies, was quoted in an article titled "Go Global with Business" published in The Metro about the importance of international business courses within a MBA curriculum.“It’s very difficult to find a business today that isn’t influenced on an international level,” Linnehan says.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed role separation for the CEO and the Chair of the Board on KYW News Radio on January 30, 2010. A strategic approach to governance is having vigilant oversight committees and strong board members, in order to manage any disadvantage of splitting the CEO/chairman role.

680 News Radio

Elliot Schreiber, Ph.D., clinical professor of marketing, was interview by 680 News Radio in Toronto about Toyota's recent recall and the effect it will have on the company. Schreiber commented that Toyota has always been at the top of quality and reliability which throughout the years created perceived value to its customers. He said he believes the company has been hurt but has not suffered any irreparable damage because it immediately took responsibility for its actions, halting sales and production until a solution is found.

Fox Business

Ralph Walkling Ph.D., executive director of LeBow College Center for Corporate Governance, was quoted in an article titled "Staving off the Side Effects of the Steve Jobs Syndrome" featured on Fox Business.“It is frightening to think when companies are CEO-dependent how much that value could shift by a change in the CEO. Even if they don’t supply the creativity, their departure would certainly necessitate a public-relations campaign,” said Walkling.

The Triangle

LeBow College of Business’ initiative to offer complimentary Wall Street Journal copies to students -- and how it influenced the Drexel’s College of Engineering to offer its students The New York Times -- was featured in a recent article in The Triangle.

The Triangle

Ari Winkleman, a junior at LeBow College and one of the creators of Drexel Homecoming, was quoted in The Triangle about the success of Drexel’s second annual homecoming. “It was crazy to me that these colleges and the University administrators had such a firm grasp on what students really wanted, [and] that they really put their money where their mouth [was]. It’s not like they went out and hired an outside company to do this … I can’t even explain how much support we had from the University,” Winkleman said. The Drexel Traditions Program, the College of Engineering, and the LeBow College of Business were the major sponsors of the event.

The Wall Street Journal

Research generated by LeBow College associate professor of economics Mark Stehr, PhD, was featured in a Wall Street Journal article titled “Helmets Save Lives, but discourage Biking.” Stehr and his co-researcher offer a couple of possible explanations for the recent decline in bike riding in states that require kids to wear helmets. “For one, the cost of a helmet, which can be as high as $40, might discourage some kids from becoming bike riders — particularly if they can ride a skateboard or scooter without one,” they said.

CBS 3 News

Elliot Schreiber, Ph.D., executive director of LeBow College’s Center for Corporate Reputation Management, was featured on CBS 3’s 4 p.m. and 6 p.m. newscasts, speaking with reporter Ben Simmoneau about the Toyota recall. “Toyota made its reputation on quality. They have a quality problem,” said Schreiber. “The management team made a decision to take a short-term loss for the long-term rebuilding of their cars.”

Business Week

Elliot Schreiber Ph.D., executive director of LeBow College’s Center for Corporate Reputation Management, was quoted in an article in BusinessWeek titled “CEOs Still Have a Credibility Gap”. Commenting on global trust in banks and the plunge U.S. banks have taken in the last few years, Schreiber said “I think Wall Street is behind the times. On Wall Street they really do operate in an insulated world. The important stakeholders to them are one another.”

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed measuring firm performance of publicly traded companies on KYW News Radio on January 25, 2010. Shareholder value has usually been measure of firm performance, but research of S&P 500 companies reveals that making customer value the top priority might be the best way to increase firm performance, including shareholder value.

The Patriot News

David Becher Ph.D, associate professor of finance, was quoted in an article titled “Cravings of Company, Trust Diverge” in The Patriot News about Hershey’s failed bid to acquire the British confectioner Cadbury. Becher argued that Hershey’s handling of Cadbury appeared to play out as it should have. “That’s the positive to take out of this: There’s a limit to how much debt they were willing to take on,” Becher said. “If you offered too much, you may win, but you lose.”

The Pittsburgh Post Gazette

David Becher Ph.D., associate professor of finance, was featured in an article in the Pittsburgh Post Gazette about takeovers and the recent bid by Kraft Food's to acquire the British candy maker Cadbury. The article was also picked up by Business Week.Dr. Becher said last week's culmination of Kraft Food's four-month fight to acquire British confectioner Cadbury fits with what he found when studying 104 hostile takeover bids made between 1993 and 2000.In those contests, targeted companies that resisted the first offer got at least one additional offer from the same suitor or another bidder more than half of the time. Moreover, the final offer reflected a premium about 22 percentage points higher than the first bid and increased the likelihood of the offer being accepted.

The Triangle

Benson Igarabuza a LeBow College undergraduate student, and John Suh, a Drexel grad and founder of Sugar Cube Philly, were featured in an article in the Triangle about the upcoming opening of the gourmet dessert truck, Sugar Cube Philly.Food trucks are a crucial part of the college dining experience, and a new one is opening, convenient to Drexel University's campus. Sugar Cube Philly, which will offer gourmet desserts at prices affordable for students, tentatively plans to open Jan. 25th around 36th and Walnut Streets.

Philly.com

David Becher Ph.D., associate professor of finance, was featured in an article in the Philadelphia Inquirer about the Kraft-Cadbury acquisition.  Becher has been researching the expected value of a target company when there is a contested takeover, examining deals between 1993 and 2003.The article points out that Becher’s research indicates that when management turns down the first offer in a hostile deal, there is usually another bid later at a higher price – which is exactly what happened in the Kraft-Cadbury deal.

NorthJersey.com

Bradley Ericson, LeBow College sophomore and founder and CEO of 3SecondReceipts LLC, continues to receive media coverage for being selected as Entrepreneur magazine's College Entrepreneur of 2009. He has been featured in NorthJersey.com, CTI Career Search, and Innovation Philadelphia, as well as in the blogs WayneLiew.com and StartUpMe.com, which focus on business start ups and entrepreneurs.

Asbury Parl Press

New York Life Insurance Company recently announced the winners of the company's annual College Agent Intern contest, which recognizes the agent student interns who sold the most life insurance during their internships with the Company. Among the winners is Jordan Schneider, a graduate student at Drexel University in Philadelphia.