What do you do if you lose $7 billion in one week following the Brexit vote? If you’re Warren Buffett and his portfolio managers at Berkshire Hathaway, you go shopping. “With over $60 billion of cash on Berkshire's balance sheet, it’s likely they invested some of these funds in individual stocks they had been following, which would have become more attractive after this sudden decline,” Smith School finance professor David
London has long been Wall Street’s gateway to the European Union. If the city loses its link to the euro, about 40,000 expatriates from big U.S. banks might have to move to Frankfurt, Germany. Smith School professor Albert "Pete" Kyle says that won’t be so easy because Frankfurt is smaller than Charlotte, N.C. "You can’t possibly imagine the whole American banking industry moving from New York to Charlotte any more
Many universities face academic and administrative business processes that are inefficient and ineffective, yet seemingly immune to improvement. Despite significant investments of human, capital, and IT resources, there can be little resulting payback.
Not all Millennials live in their parents’ basement playing video games. Some are employed and stable, and their parents are leaning on them to navigate the current job climate. Smith School senior associate dean of learning Joyce Russell says her students often ask her how to help their parents. "I've had (students) tell me, 'OK, so I'm trying to educate my parents on negotiating their offer,' whether that's the
In a move that Inc. calls a “Wall Street magic trick,” Facebook’s annual shareholders meeting on Monday yielded passage of a measure to issue 5.7 million shares of a nonvoting C Class stock. Subsequently, co-founder, chairman and CEO Mark Zuckerberg — and the company’s other B Class shareholders can sell off portions of their fortune without diluting their influence over the company. Smith School professor Christine