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Business & Entrepreneurship

stock photo of executives moving puzzle pieces together

Merger Bonuses Important to Protecting Shareholder Wealth of Acquired Companies

Research consistently shows that when target CEOs receive extra benefits during mergers, takeover premiums are lower. According to Eliezer Fich, PhD, professor of finance in Drexel University’s LeBow College of Business, this is often interpreted as a conflict of interest: target CEOs sacrifice premiums for personal gain, facilitating a wealth transfer from target to acquirer shareholders.
Team of nurses and doctors in a hospital setting

Study: Empowerment is Key to Better Performing Hospital Employees

For many patients, what helps make their hospital stay a much better experience is the help of a good health care provider at their bedside. But what helps these providers perform better? A recent study showed that feeling empowered goes a long way in dynamic settings like those of hospitals and empowerment can be promoted by creating an environment that encourages proactive behaviors directed toward prioritizing patient care.

Goldman Sachs' New York headquarters.

A Finance Student Flourishes at Goldman Sachs After Changing His Path

Calvin Kim transferred to Drexel University in 2015 after realizing the pre-dentistry path he was on didn’t match his passions. Now studying finance and fresh off a successful co-op at Goldman Sachs, he’s ready for whatever comes next.
bar graph of grads from left leaning, middle of road and right leaning panelists.

Experts: CEO of GE Justified in Cautioning Against U.S. Protectionism

General Electric CEO Jeff Immelt recently said “protectionism makes the U.S. look weak not strong,” in a speech recently delivered at Georgetown University, openly disagreeing with many of President Donald Trump’s policies. He continued to say that while the systems of free trade didn’t work well enough for all in the United States, withdrawing from trade deals isn’t the answer.

The Penn Relays

Drexel’s Sport Management Program Has a Heavy Hand in Packed Sports Weekend

This weekend’s NFL Draft and Penn Relays will focus the sports world’s attention squarely on Philadelphia. Like usual, members of Drexel’s sport management program will be behind the scenes helping make it all happen.
The Orai public speaking app

The Drexel Students Who Can Fix Your Fear of Public Speaking

Danish Dhamani and Paritosh Gupta wanted to help people uncomfortable with public speaking, so they created Orai, an app that acts as a personal speech coach. Orai is a finalist this week in two notable competitions. 
Image of Rajneesh Suri, professor at Drexel's LeBow College of Business, explaining the methodology behind the SEI study

SEI and Drexel University Partner to Explore Investors’ Visual Interaction with their Wealth

SEI and Drexel University announced the findings of an interactive usability study conducted to enhance the SEI Wealth PlatformSM (the Platform) end-client experience. Executed in the Behavioral Science Laboratory of Drexel’s LeBow College of Business as a Corporate and Executive Education project, the study employed brain imaging to measure cognitive functions while test subjects used the Platform’s consumer-facing wealth management portal. SEI established the core design tenets and principles, and worked with Drexel professors and research students to validate the design and ensure the experience was truly engaging for consumers.

Portrait of Richard Green

Firstrust Chairman and CEO Named 2017 Drexel Business Leader of the Year

Drexel University’s LeBow College of Business has named Richard J. Green, chairman and CEO of Firstrust Bank, as its 2017 Business Leader of the Year. Green will be honored at a luncheon celebrating his achievements on April 20 from noon to 1:30 p.m. at the Hyatt at The Bellevue.

Boost

Vote For This Drexel Student-Run Company to be Named the Coolest College Startup

A Drexel startup housed in the Baiada Institute for Entrepreneurship is in the running to be named the coolest college startup in the country.
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Through Alliance with Drexel Online, U.S. Office of Personnel Management Employees Eligible for Tuition Savings

Drexel University Online recently formed an alliance with the U.S. Office of Personnel Management (OPM) that will provide an opportunity for OPM employees and their immediate family members to enroll in an online Drexel degree or certificate program with significant tuition savings.

A person using a ride-hailing service in New York

Trump Order Puts Lyft and Uber at Odds Professors Weigh In on What’s at Stake for Brands

A poll asked a panel of business school professors to grade Lyft and Uber, app-based, ride-hailing services, on their reactions to Donald Trump’s executive order barring visitors and refugees from seven predominantly Muslim countries to the United States. Lyft was quick to oppose the ban and donated $1 million to the American Civil Liberties Union (ACLU) while Uber was more equivocal and continued to operate despite the publicized Taxi walkout.

Saint Lucifer Jalapeno Spice

Drexel’s Food Lab Gets Spicy with New Collaboration

 

St. Lucifer Foods Co. LLC. headed by two Philadelphia-based culinary entrepreneurs, created their company’s first spice blend with a broad goal to make anything it seasoned, taste better. Creators Ted Ebert and Tom Hewell aimed to portray ‘The Glory of Hot’ – and their masterful blend of garlic, salt, vinegar and fiery habanero peppers, achieved just that. But, as a single spice blend, getting adequate space on the grocery shelves became a problem. To build out their spice family, they turned to students in The Drexel Food Lab and Drexel University’s Center for Hospitality and Sport Management to turn up the imagination, testing and creation process of their second spice blend.

photo of Alison Young, Eisenhower Fellow

Drexel’s Alison Young Named Eisenhower Fellow, Will Study Gender Equity of Public Sector in G20 Countries

Drexel University’s Alison Young, executive director of the Institute for Strategic Leadership in the LeBow College of Business, was one of 20 U.S. leaders from government, business and civil society to be selected as a 2017 Eisenhower Fellow. The fellows are some of the leading minds in education policy, consumer protection, agriculture, diplomacy, defense, education, health, media, immigrant integration and public service.