Media Mentions

Petroleum World

Who should get bailed out? Who should not? In the piecemeal approach that the government followed prior to the comprehensive $700bn rescue plan, the chance for an ailing institution to be bailed out in this financial crisis depends on several factors including size, connectedness and sophistication of investors. If you have the size, like Bear Stearns, Fannie Mae, or Freddie Mac, then you will get support from the government to dodge the crisis. What if you are the fourth largest investment bank (ie, Lehman Brothers)? You will be let go to bankruptcy! But if you are Merrill Lynch, you will be rushed to fire-sell yourself to a very large commercial bank.

The Sacramento Bee

The fraction of U.S. households doing at least some of their banking online has grown from about 20 percent in 2002 to just under 50 percent today, according to Forrester Research. Over the long run, that trend will probably favor bigger banks, said Ed Nelling, a professor of finance at Drexel University in Philadelphia."As technology evolves over time, people will get more comfortable with an anonymous working relationship with banking," he said.

KYW Newsradio

Dean of the LeBow College of Business at Drexel, Doctor George Tsetsekos says leaders at the G7 meeting need action not words to unfreeze the credit markets.He says it’s not that banks and lenders don’t have the resources, but more that they’re afraid of getting burnt:“Because they don’t know who is on the other end and has the capability to pay back the loans or the credit lines or even the commercial paper, and that’s why the government introduced or became – for the first time ever – the dealer or the intermediary.”

Philadelphia Business Journal

"At Drexel University, belief in the value of experiential learning is so strong that starting this fall it comprises 70 percent of the MBA program, up from 50 percent previously. Students are required to participate in the hands-on activities; it is not optional."... "'Experience is embedded in the culture at Drexel,' said George Tsetsekos, dean of Drexel's LeBow College of Business. 'Just to have sterile discussions in the classroom is not enough.'" 

6 ABC

LeBow College of Business Dean George Tsetsetkos speaks to 6 ABC about the financial bailout plan.

Philadelphia Daily News

CN8's Mary Caraccioli received an alumni community-service award from Drexel University for helping to raise more than $1 million for Arthur Ashe Youth Tennis & Education as co-chair of its annual benefit. Caraccioli, who graduated from Drexel's MBA program, was presented the award by Drexel prez Constantine Papadakis and LeBow College of Business Dean George Tsetsekos during a ceremony at Papadakis' home.

Middle East Economic Survey

Who should get bailed out? Who should not? In the piecemeal approach that the government followed prior to the comprehensive $700bn rescue plan, the chance for an ailing institution to be bailed out in this financial crisis depends on several factors including size, connectedness and sophistication of investors. If you have the size, like Bear Stearns, Fannie Mae, or Freddie Mac, then you will get support from the government to dodge the crisis. What if you are the fourth largest investment bank (ie, Lehman Brothers)? You will be let go to bankruptcy! But if you are Merrill Lynch, you will be rushed to fire-sell yourself to a very large commercial bank.

Philadelphia Business Journal

"One measure of the worth of an MBA program is the opportunities it provides for students to interact with the top executives and experience situations outside the classroom that tests the students' capacity to lead. Below are some of the more experiential MBA program components offered through local universities." "Drexel University, LeBow College of Business" "Internships: Students have an opportunity to gain experience as a result of Drexel's relationships in the business community." "International Residencies: Overseas trips are integrated into the MBA curriculumn to enable students to learn about doing business internationally"

Philadelphia Business Journal

More than 40 MBA students from Drexel University’s LeBow College of Business are expected to join businesses on a trade mission to Hong Kong and Malaysia in what the World Trade Center of Greater Philadelphia (WTCGP) is touting as a first-of-it-kind program. Up until now, the WTCGP has focused on helping businesses break into foreign markets and LeBow College on preparing students to work in them. The two pursuits will combine for the first time during the trade mission, which takes place during the school’s spring break March 14-27 and will include two faculty members and two WTCGP employees. The goal is to link the students with at least 15 businesses looking to enter the markets.

Philadelphia Business Journal

“The relationship between the business community and any good business school is a symbiotic one,” said George Tsetsekos, the dean of Drexel University’s LeBow College of Business. “It’s upon us, the business schools and the educational establishments, to develop the future business leaders that not only fit the bill for a particular company, but also … have been educated in future great skills and themes that will be useful to companies,” Tsetsekos said.

Philadelphia Business Journal

“If this thing is not fixed soon, the corporate sector will not have enough credit lubrication in its economic machine to do new investments, to do short-term financing of inventories,” said George Tsetsekos, the dean of Drexel University’s LeBow College of Business.

6ABC

LeBow College professor Eric Benrud spoke to 6ABC about the current financial crisis.

Philadelphia Inquirer

Though ethics will likely get a more thorough going-over in the classroom now, the practices of employers will continue to have a bigger influence on behavior, said Edward Nelling, finance professor at Drexel University's LeBow College of Business."If there is a lesson to be learned, it's ultimately for the leaders, the executives and directors of companies to establish a culture that does not reward unethical behavior," Nelling said."Part of the problem now is reward systems were set up for people just based on the volume of business - 'Let's get these loans written and approved. We're not going to worry so much about the underlying risk.' "Better behavior, he said, "has to start at the top and work its way down the organization."

KCRA.com

Drexel University, which was originally founded in Philadelphia, will start offering classes in January near Sacramento's Capitol Mall."When the economy is turning down, a lot of professionals go back to business school, especially, to be re-tooled (and) to receive new skills," said George Tsetsekos, Dean of the Drexel Business School.

Wall Street Journal

AnnTaylor has fallen into the classic mistake of reducing costs on the backs of front-line employees and cutting customer service. Retailers like Circuit City and Home Depot have learned this lesson the hard way. Managing employees like a just-in-time delivery system will only lead to lower customer satisfaction, customer defection and declining profitability

Marketwatch.com

 Drexel University's LeBow College of Business ( http://www.lebow.drexel.edu) has solidified its status as one of the nation's top 10 schools for entrepreneurs in the 6th Annual Entrepreneur and The Princeton Review rankings of more than 2,300 graduate and undergraduate entrepreneurship programs, released today. LeBow College of Business placed third for undergraduate programs and eighth for graduate programs, making it the top choice for entrepreneurial programs in the Greater Philadelphia region.

Philadelphia Inquirer

They are the trauma team of the business world. Their job: Stop the bleeding before the patient dies - or the bank calls your loan. And if your boss doesn't have the chops to rescue your troubled company, they may just recommend a new one. They are turnaround specialists. Hired guns such as Brian F. Gleason. And they swoop into struggling companies to manage them out of crisis and keep them running.

Philadelphia Inquirer

They are the trauma team of the business world. Their job: Stop the bleeding before the patient dies - or the bank calls your loan. And if your boss doesn't have the chops to rescue your troubled company, they may just recommend a new one. They are turnaround specialists. Hired guns such as Brian F. Gleason. And they swoop into struggling companies to manage them out of crisis and keep them running.

New York Times

Over the past 10 years, Hybrid X has fielded an interesting group of vehicles, from the 50-m.p.g. K1 Attack (a turbodiesel hybrid based on a kit car) to a 37-m.p.g. propane-based Jeep Wrangler hybrid (later rebodied as the Hybrid Hippo). For Ford’s Model T Challenge, the team built what some called the Green Machine, a three-wheel battery-electric with an original chassis put together with the help of two Drexel University students versed in computer-aided design.

Dow Jones News Plus

Digging into the processes and the trends that have developed during this run-up in commodity prices, you can find one area that is a clear lagging subject to higher inputs. That area is the other portion of input costs, capital equipment and IT spending.A s the leash on producers' necks starts to loosen, they will find themselves able to fund those delayed and abandoned projects and end-of-cycle replacements that are needed but have been impractical during this cycle. I would look for companies that have been hurt by lower capital spending and weak consumer spending to rebound fairly well, but a little after the first sprint of front-line commodity users.

Epoch Times

Xie Tian, professor of the College of Business Administration at Drexel University in Philadelphia, believes the problem lies within China’s residential registration system, where the rural population is discriminated against, “In China, one is registered as a rural or urban resident depending on where one was born. But this registration system does not allow the relocation of the work force. By discarding this system, it will naturally remove the difference between rural and urban areas. If people who makes less money in rural villages can go to the cities, this gradual process will reduce the rural-urban gap.”  

Philadelphia Inquirer

Drexel University's LeBow College of Business worked with its English department to bring more writing instruction into the business school and has started sending out examples of student work to alums in the working world for critique.While there is a sense in the business world that obtuse language impresses people (yes, we know this is true in other fields, too), students should know that clear writing is a sign of good thinking, said Frank Linnehan, LeBow's associate dean of undergraduate and graduate studies."Being able to describe a complex concept clearly and succinctly is really an indication of how well you know that subject," he said.Some of the most puffed up, buzzword-laden writing is, of course, meant to dress up unremarkable ideas. It survives because of what Linnehan calls "emperor's-new-clothes syndrome."

Philadelphia Inquirer

U.S. auto executives failed to lead their companies out of danger, said V.K. Narayanan, a Drexel University business professor for strategy and entrepreneurship. "I will not condone the lack of cars. It's not like we don't have the know-how. We have the know-how. What we have not seen is reasonable leadership coming from the domestic auto industry," he said. It would be a mistake, he said, if the United States lost its domestic auto industry, which supports hundreds of thousands of jobs and engineering innovation. "GM should transform itself," Narayanan said. "I'm hoping it will happen. It's not a strategy. It's a hope."

Business Wire

Morphotek, Inc., a subsidiary of Eisai Corporation of North America, has announced that Rodney Dausch, vce president and Chief Financial Officer, received the Philadelphia Business Journal/Drexel University's LeBow College of Business Small Company CFO of the Year Award.

KYW Newsradio

Dr. Rolph Anderson of Drexel University's LeBow School of Business (right), says online shopping has been going up double digits every year for the last several years. And he says the price of gas is giving that a boost: "A logical move for a lot of people who want to save money, you don't go out and visit all these stores and malls, you just stay home and you can be an even more effective shopper."

Philadelphia Inquirer

Dr. Michael Gombola, head of LeBow College's finance department, commented on the proposed acquisition of Rohm & Haas Co. by Dow Chemical:  "I wouldn't be too surprised if Dow [gives] Rohm & Haas a long leash," Gombola said. "Specialty companies tend to be more high-tech, a little less bureaucratic, more entrepreneurial and open. I don't think Dow wants them to be less high-tech and more like smokestack company. I think they will want them to stay innovative."

Knowledge@Wharton

The contracts underlying the securities allowed investors to shift some responsibility back to individual institutions threatening them with insolvency, according to Joseph Mason, professor of finance at Drexel University's LeBow College of Business. What's interesting about this world and interesting about the business world in general is that contracts are made to be amended, if not broken," he said. "This was part of what investors were counting on....We're nowhere near the end here. We just have this lull. Some might call it a dead-cat bounce. I would say it's still the same cat."

Bucks County Courier Times

Technology makes it easier and more efficient for large institutional investors like mutual funds to make options trades.“The key word is liquidity,” said Ed Nelling, an associate professor of finance at Drexel University's LeBow College of Business. “The purpose of this new [technology] is it's designed to allow these large investors, when they have big trades, to set a price that will be a reasonable price for them.”

New York Daily News

Professors Jie Cai of Drexel University and Todd Houge of the University of Iowa have written an interesting paper showing stocks taken out of the index significantly outperform those put into the index. In other words, investors would do better if they ignored all of the changes.

OpEdNews.com

 The Economic crisis is ruining people's lives, the media has failed to tell the full story, explains Danny Schechter, whose investigation corroborates that of Joseph Mason, an associate professor of finance at Drexel University's LeBow College of Business, who sees more bank failures ahead: "At this point in the crisis, you can't stop bank failures… You move through the problem. You don't avoid the problem. It's too late to wait and hope that things get better."