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The University of Texas at Austin
McCombs Weekly Vol. 8, No. 06 Oct. 11, 2006   
McCombs School of Business
 
  Upcoming Speakers
  Faculty Research Speaker Series
  Eli Cox,
Marketing Department
Director, Business Honors Program, 10/17 More info
  Lyceum Speaker Series
  Thomas Golden,
Partner, Charge, Investigations and Forensic Service, Pricewaterhouse
Coopers, 10/18 More info
  Upcoming Events
 

Legacy Events Room Opening, 10/13 2-4 p.m.

McCombs Alumni BBQ, 10/14 More info
 

Opinion: Paul Tetlock Op-Ed Examines
Internet Gambling Legislation
New York Times, Oct. 9, 2006
Paul Tetlock, assistant professor of finance, coauthored a New York Times op-ed that examined proposed legislation to shut down online gambling. Tetlock says the law would affect a form of Internet gambling which has worth to society—sites dealing in information markets. “For instance, we now have markets for predicting political and economic events, where you can wager on the monthly unemployment rate or the outcome of the presidential race,” Tetlock writes. “Why should we care? Because information markets, which essentially reflect the collective wisdom of savvy bettors, can help us make more accurate forecasts.”
Read the full editorial.

Role of Business, Policy and Design Discussed
at Panel on New Orleans
By Rob Meyer
The Graduate Business Council at the McCombs School hosted a panel discussion on the rebuilding efforts in New Orleans Oct. 4 that offered perspectives from the areas of business, policy and design. John Butler, professor of management at McCombs and a New Orleans native, stressed the importance of business. “All great cities in America have had great entrepreneurial immigrants,” said Butler, director of the Herb Kelleher Center for Entrepreneurship and the IC²Institute at The University of Texas at Austin. “Who comes back to New Orleans? It’s going to be those people who are innovative and see a future for themselves.”
Get the full story.  

Intel Looks to Rebound from “Mid-Life” Crisis, Says Smith   
By Andrea Ferdinand
Just like its employees, every company goes through a mid-life crisis or two. It’s all a part of the growth cycle, said Stacy Smith, BBA '85, MBA ’88, and assistant CFO for Intel Corp. Smith’s talk was part of the MBA Executive Speaker Series at the McCombs School Oct. 4.
Get the full story.  

In the News: Prepare for Talent and Market Growth in Developing World, Mahajan Says
The Economist, Oct. 5, 2006
Every year India produces about  2.5 million university graduates, including 400,000 engineers and 200,000 IT professionals. As the outsourcing talent boom shows no sign of slowing, Vijay Mahajan, McCombs marketing professor and former dean of the Indian School of Business, points out that the huge labor pool isn't the only thing growing in India. The developing world is also a booming market. General Electric calculates that 60 percent of its growth over the coming decade will come from the developing world, compared with 20 percent over the past decade.
Get the full story (subscription required).

Nonprofit Helps Top Corporations Defend the Environment 
By Chantelle Wallace
Environmental and social stewardship is good for business, said Scott Walsh, project manager for Environmental Defense, in an Oct. 6 McCombs Business Ethics Speaker Series talk called “Strategies for Successful Corporate Social Responsibility.” “We work with companies to address some of the key environmental issues that we’re concerned about in ways that actually helps their bottom line,” Walsh said.
Get the full story.  

Students Pitch Big Ideas at Plus Event  
Second-year MBA student Purvi Shah took first place at the Annual Pitch Party hosted by the MBA Plus Program Oct. 5. General Electric sponsored the two-hour event, which allowed students to test their entrepreneurial prowess, product ideas and networking abilities. The event began with a 30-minute session in which 45 student pitchers made quick introductions of their products to pseudo-investors over cocktails.
Get the full story.

In the News: Ph.D. Alum Notes PR Benefits of Sony Battery Recall
Austin American-Statesman, Sept. 29, 2006
Sony Corp. announced the recall of an entire line of notebook batteries that caused numerous fires and forced many large computer companies to recall millions of battery packs. The problem first began in August when Dell said it would recall 4.1 million Sony batteries. Lenovo and IBM announced Thursday that they would follow the footsteps of Dell and recall 526,000 batteries. As Daniel Laufer, MBA ’94, Ph.D. ’02, notes, Sony’s recall ends a public relations battle between it and Dell. “Dell always wanted it to be perceived as an industry issue, not a company issue,” Laufer said.
Get the full story.

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