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
The Federal Aviation Administration’s initial, comprehensive set of rules for commercial drones will open the floodgates to tens of thousands of unmanned aircraft systems in U.S. airspace. But these flights still won’t include Amazon Prime flying a package to your front door. However, the new rules include “ample leeway,” Smith School marketing professor P.K. Kannan says.