Can U.S. companies be embarrassed out of paying their CEOs hundreds of times what the average worker makes? The SEC wants to find out. By a 3-2 vote, the agency recently ordered that companies begin disclosing the ratio of their CEO’s pay to that of the median employee. The rule’s backers believe it's indefensible that CEO pay has grown in the last-half century from 50 times what the average worker makes to roughly 300 times, even as
U.S. oil prices fell to a six-year low on Aug. 11, 2015, driven by China’s currency devaluation. The other major factor, cited by The Wall Street Journal, has been an "unrelenting supply of crude." One person who would not be surprised by the production is the late Smith School economist Julian Simon, who rejected the dire warnings of a population bomb and peak oil in the 1970s. Here are 10 quotes that
U.S. oil prices fell to a six-year low on Aug. 11, 2015, and one person not surprised would be the late Smith School economist Julian L. Simon. "There is no compelling reason to believe that world oil prices will rise in the coming decades," he wrote in 1984 when most experts predicted overpopulation and depletion of the earth's natural resources. Six of Simon's former colleagues and children share their
Software firm Adobe announced this week it will expand its family paid-leave benefits -- including up to six months for birth mothers. This follows Netflix announcing up to 12 months of leave for employees who are new parents. The trend has emerged despite the lack of mandatory parental leave laws in the United States. Smith School professor Peter Morici discusses the pros and cons of the hands-off approach with
Google set the business world abuzz Monday by announcing a reorganization: Google's founders will now head a new entity called Alphabet, a holding company whose holdings include — Google. Does this "relegate" Internet search to "subsidiary status" at the company, as one report put it? Not really, except in the most literal and technical sense. "What they did is absolutely and totally logical," says Smith School professor
About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.