Toshiba is known for producing televisions, computers and, as of this summer, an epic accounting scandal. Its CEO resigned in July after an outside investigator documented that the Japanese company had overstated earnings by $1.2 billion since 2008. Smith School accounting professor Progyan Basu says detecting the point at which reasonable managerial discretion crosses the line into something more nefarious remains
Incoming full-time MBA students at the University of Maryland’s Robert H. Smith School of Business didn’t have to wait long to meet employers and learn what kind of talent they want to hire. A panel of corporate recruiters, including four Smith MBA alumni, shared career advice and answered questions during orientation Aug. 10-21, 2015.
In a much-discussed piece in The New York Times, which drew on interviews with more than 100 people, Amazon comes off as a rough place to work. Emails from bosses arrive after midnight, followed by texts demanding answers. Employees are encouraged "to rip into colleagues' ideas with feedback that can be blunt to the point of painful." Smith School professors Debra L. Shapiro and Subrahmaniam
Think of China like Walmart and the country’s recent currency devaluation like a price-slashing sale. “Devaluing your currency is a classic way to undercut competitors on price,” says Kristen Fanarakis, assistant director at the Smith School's Center for Financial Policy. “When you put your currency ‘on sale,’ the products you export become cheaper for other countries to buy."
High-frequency traders provide a useful service but rig the system when they extract tolls from investors, Smith School professor Albert "Pete" Kyle said this week during a financial regulation conference in Australia. "They are like a troll under a bridge who charges travelers something extra when they cross to the other side," Kyle has said. Debate about high-frequency trading heated up prior to the