Thursday, March 19, 2009

Worth Noting....

Consortium schools Yale SOM and NYU-Stern were mentioned in a New York Times article Mar-15 about how prominent business schools are responding to the current financial crisis. (See "Is It Time to Retrain B-Schools?" by Kelley Holland.)

Top business schools are examining how best to address to the crisis and its impact in coursework. Some are reviewing and analyzing specific events such as the collapse of Lehman Brothers and Bear Stearns; others are revamping courses and writing new cases. Yale is in the process of writing new case studies. NYU professors prepared analyses of the crisis, which will be published in book form.

Bloomberg Markets columnist Matthew Lynn argues (in its April issue) that banks will need to reduce overall compensation for top bankers by 40-50% from past levels to reach what he called "sustainable long-term levels."

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