Knowledge@Wharton Audio Articles
Knowledge@Wharton is an on-line resource of the Wharton School of the University of Pennsylvania.
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A Thought for Tax Day: The Real Fiscal Crisis Is Yet to Come
Even the biggest tax hikes will not raise enough money to pay off the national debt or meet coming obligations to retiring baby boomers for Medicare and Social Security. To accomplish the latter, politicians must do something they fear even more than raising taxes: Reduce Medicare and Social Securit …
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New Rules for a New Age: Creating an 'Economic Stimulus Agency' out of the FCC
Wharton legal studies and business ethics professor Kevin Werbach recently worked with the Obama administration's transition team on a review of the Federal Communications Commission and related technology and telecommunications issues. In an interview with Knowledge@Wharton, he says that advances i …
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Jeremy Siegel: 'Once the Market Has Fallen 50%, Your Future Returns Are Even Better'
U.S. stocks raised eyebrows this week and last, closing higher in six of seven trading days, including four in a row from March 10 to 13. But how does the market look for the longer term? In an interview with Knowledge@Wharton, Wharton finance professor Jeremy J. Siegel says he was pleased to see co …
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Givology: Using Social Networks to Connect Education with the Developing World
Nine months ago, a group of Wharton students launched an online site called Givology.org, whose purpose is to raise money for scholarships and education projects in the developing world. Givology's vision, according to chief development officer Catherine Gao, is that of a global community of individ …
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Take Two Advil and ... What Ills Can the Pfizer-Wyeth Merger Cure?
When the giant pharmaceutical company Pfizer announced on January 26 that it was acquiring Wyeth for $68 billion, analysts started questioning what benefits the deal would bring and for whom. Pfizer executives suggest the acquisition makes strategic sense by expanding the company into a range of new …
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Why Sutherland Global Succeeds: An Interview With CEO Dilip Vellodi
Sutherland Global Services was involved in business process outsourcing long before the term became widely known. Headquartered in Rochester, N.Y., Sutherland Global has 22,000 employees and operations in seven countries, including India, the Philippines, Canada, Mexico and Bulgaria. India Knowledge …
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Economists to Obama: Get the Government out of the Banking Business
On the eve of Barack Obama's inauguration as president of the United States, Wharton finance professor Richard J. Herring discussed with Knowledge@Wharton some of the advice offered to the new chief executive by the Shadow Financial Regulatory Committee, a group of economists, former regulators and …
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Equity International's Gary Garrabrant: 'Bearish' on the U.S., 'Bullish' on Emerging Markets
Those countries that had easy access to debt -- such as the U.S. and Japan -- are taking the biggest hit from the current financial crisis, while those countries without access to debt capital -- such as Brazil -- have been somewhat spared, according to Gary Garrabrant, CEO of Equity International. …
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Cyrela Brazil Realty's Elie Horn: 'My Strategy Now Is to Stay Quiet'
These are volatile times for Brazilian real estate, which mirrors the situation in most countries. But according to Elie Horn, chairman and CEO of Cyrela Brazil Realty, Brazil's largest developer of residential properties, Brazil doesn't have the deep-rooted problems of the U.S. market. It's just a …
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Gávea Investimentos' Arminio Fraga: 'We Are Still in Crisis Mode'
Arminio Fraga was president of the Central Bank of Brazil from 1999 to 2002. He has sometimes been called the Alan Greenspan of Latin America, though that comparison may not sit well these days as Greenspan comes in for his share of the blame for the global financial crisis. In 2001, Fraga founded t …
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Banco Itaaú BBA's Candido Bracher: 'The Party Will Not Be as Fancy as Before'
Economic crises around the globe have often hit Brazilian banks hard, with capital flight hammering the country's currency, the real. But Brazil's financial institutions seem better positioned to weather the current worldwide credit crunch, although lending there is just as frozen as it is elsewhere …
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The Bernard Madoff Case: Trust Takes Another Blow
Successful marketplaces -- indeed, all social systems -- require a level of ethical behavior among their participants. In an interview with Knowledge@Wharton, professors Maurice E. Schweitzer and G. Richard Shell, who have conducted extensive research on the role of trust in markets, explain why eve …
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The World Wildlife Fund's Carter Roberts: How to Connect the Dots between Corporate America and Con …
From a childhood spent exploring the woods near his home, to a career spent protecting habitats in the far corners of the earth, Carter Roberts -- president and CEO of the non-profit World Wildlife Fund -- has fostered a connection to the natural world. His job is as diverse as the ecosystems he vis …
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Seth Goldman: Brewing Organic Tea with a Mission-based Business Model
In 1998, social entrepreneur Seth Goldman founded Honest Tea, the nation's best-selling and fastest-growing organic bottled tea company, with a business professor from the Yale School of Management. Honest Tea sources from organic and fair trade tea estates, and has partnered with community developm …
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YouthAIDS' Kate Roberts: Using Marketing Skills and Media to Keep Young People Alive
Kate Roberts is the founder and director of YouthAIDS and Five & Alive, two marketing programs implemented by Population Services International (PSI), where she is a vice president. Founded in 2001, YouthAIDS is a global education and prevention initiative that uses pop culture, music, theater, movi …
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Coca-Cola's John Brock: Sustainability Is No Longer 'Niche'
John Brock has come a long way since his first jobs working in his uncle's dime store and, later, at a paper mill in Moss Point, Miss. Today, he is chairman and CEO of Coca-Cola Enterprises, the world's largest marketer, producer and distributor of Coca-Cola products. Brock has more than 25 years of …
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Room to Read's John Wood: Bringing the Power of Education to Children around the World
After a trek in the Himalayas brought him face-to-face with extreme poverty and illiteracy, John Wood left his position as a director of business development at Microsoft to found Room to Read, an award-winning international education organization. Under his leadership, more than 1.7 million childre …
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Bernardo Gradin: Our Goal Is to Become One of the 10 Most Valued Petrochemicals Companies
Brazil's petrochemicals industry has been going through active consolidation, a phase that is almost at an end. That process, however, has seen the creation and growth of Braskem, a giant of a firm that is the largest petrochemicals producer not just in Brazil but in all of Latin America. Bernardo G …
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Alberto Duran: My Biggest Problem Is Creating Middle Management
Alberto Duran, founder and CEO of Mundivox Communications of Brazil, has seen the world of telecommunications from various perspectives. He worked in the telecom sector for J.P. Morgan in New York, and Bain & Company and Monitor Company in Boston and London. He specialized in the development of stra …
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The Son Also Rises: Donald Trump, Jr., on Real Estate Opportunities in Emerging Markets
Back in the heady days of the real estate boom, property prices in New York City soared along with those in the rest of the U.S. When the subprime mortgage crisis hit and prices collapsed, the city's market held out longer than others -- for two reasons. First, it is a major financial center with st …
Knowledge@Wharton Audio Articles
