Michael Faulkender

Mega-Merger Rekindles Debate Over Corporate Taxes

Two massive drug companies, New York-based Pfizer and Dublin-based Allergan (maker of Botox), are discussing a merger that could end up being the biggest in a year of blockbuster combinations. The merger also reignites debate over the corporate tax rate in the U.S., given that Pfizer's CEO has made it clear that a chief goal of the plan is to cut Pfizer's tax rate. Smith School finance professor Michael Faulkender shares insights. Read more...

Shaming Your Highly Paid CEO

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 middle-class wages have stagnated. Smith School professors Hui Liao and Michael Faulkender have differing viewpoints. Read more...

Business Lessons Could Hold Clues to How Bin Laden’s Death Will Impact Al Qaeda, Economy

MEDIA ALERT: May 3, 2011

Business Lessons Could Hold Clues to How Bin Laden’s Death Will Impact Al Qaeda, Economy

UMD’s Smith School of Business Experts Offer Insights

With the 10-year U.S. manhunt for Osama Bin Laden ending in the terrorist leader’s death, the world is watching for the impacts. Lessons from business could hold clues to how the loss of the leader might impact the Al Qaeda organization and the global economic climate.

Organizational Effects

Professor Paul Tesluk weighs in on how Bin Laden’s death may affect the Al Qaeda organization.

Corporate Inversion Crackdown

Michael Faulkender, associate professor of finance in the University of Maryland's Robert H. Smith School of Business, says companies will find ways around the Department of the Treasury's new measures to deter U.S. firms from relocating headquarters to countries with lower tax rates – the basis of a “corporate inversion.” Instead of focusing on this business strategy, he says, U.S. officials should target and lower the corporate tax rate.

Tesla Patent Pledge a Win-Win; Tax Code the Scandal in EU Probe: UMD Experts

Faculty experts in the University of Maryland’s Robert H. Smith School of Business are available to expand on comments, below, regarding Tesla Motors CEO Elon Musk announcing his company will open its patented technology to competitors and European Union regulators investigating whether such major firms as Apple and Starbucks are violating EU tax law.


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