Rotman Prof Talks Theranos Fraud and More – Toronto News

first_img People affiliated with Toronto‘s finest business schools have been making the news. Below, we’ve laid out some of this week’s highlights.How Board Diversity Might Have Prevented the Theranos Fiasco – The Globe & MailAndras Tilcsik, Canada Research Chair in strategy, organizations, and society at the University of Toronto’s Rotman School of Management coauthored an opinion piece in The Globe & Mail with Chris Clearfield, Principal at System Logic. The article addressed the fraud charges lodged against Theranos founder Elizabeth Holmes.Holmes, who was listed as one of Forbes’ “Youngest Self-Made Billionaires” has been charged with “massive” fraud involving upwards of $700 million USD. Holmes has agreed to cede control of her company, which was boating more innovated methods of blood-testing to potential investors.Tilcsik and Clearfield argue that Holmes’s mistakes might have been prevented had a systemic problem in businesses been addressed at Theranos: board diversity. All but two Theranos board members were white men over 60. According to the article, “… lab experiments show that while homogeneous groups do less well on complex tasks, they report feeling more confident about their decisions.” Holmes’ equity stake in Theranos, the notorious blood-testing startup she founded, has been reduced to virtually nothing after being charged with large-scale fraud from the SEC.Learn more about the importance of board diversity here.YouTube Star Choreographs a Career Blending Bollywood and Business – The Globe & MailShareen Ladha, graduate of York University’s Schulich School of Business, used her MBA to guide her in an unconventional career goal. She wanted to build success producing and dancing in Bollywood-esq videos on YouTube, achieving massive momentum when she did a Bollywood-style remix of Justin Bieber’s “Sorry.” The video quickly went viral, and now Ladha balances making YouTube videos with her career as a senior strategist with McCann.“Through my MBA, I decided that this was the thing that made me unique and it was proof I could bring a creative aspect to strategy and consulting,” Ladha said in a recent profile with the Globe & Mail.“It started getting woven into my daily life and daily conversations I would have with people. All my social media accounts were public, so if they ever looked me up or were friends with me, they’d know about it. There was such a positive response.”You can read more about the YouTube star here.Ivey Students Learn the Three Gs of Good Investing – News@IveyMulti-billion dollar Brazilian investment firm 3G Capital Management recently let students at the Ivey Business School at Western University Canada in on a simple secret: the three Gs to successful investing are “good business, good management, and good price.”3G managing partner Pavel Begun spoke with professor George Athanassakos and his value investing class last month, further explaining what each of those three Gs (get it?) meant:Good Business:“’We define good business as one that is competitively entrenched, generates high return of invested capital and is in solid financial shape.’” Specifically, 3G looks at businesses that are industry leaders and show industry longevity in order to predict their future value. They also look to businesses that generate with ROEs, or return on equity, of 15 per cent and above. Finally, they look at the debt payback period of business to ensure it is no greater than three to five years, helping to determine their financial shape.”To read the rest of the advice gifted from Begun, click here.What Toronto MBA Can You Earn in the Least Amount of Time? – MetroMBASeveral of the most well-regarded business schools in Toronto offer MBA programs that do not take the typical two-years that a traditional full-time degree often requires.For instance, the DeGroote School of Business at McMaster University has an accelerated program that takes just eight months to complete. Alanna Shaffer further explains:“By exempting students from the required first year MBA courses, students can earn their degree quickly while also cutting their overall tuition expenses in half and accelerating their path to employment. The program is designed for students who have earned their undergraduate business degree in the last ten years, and have at least one year of professional experience. Students may start the program in either September or January.”Check up on the rest of the fastest MBA programs in Toronto here. About the AuthorJillian MarkowitzView more posts by Jillian Markowitz Rotman Prof Talks Theranos Fraud, and More – Toronto News regions: Torontocenter_img Last Updated Mar 23, 2018 by Jillian MarkowitzFacebookTwitterLinkedinemail RelatedRotman and Bocconi Design New Global Executive MBA, and More – Toronto NewsToronto’s best business schools have seen some exciting developments this week. We’ve laid out some highlights below. New Partnership for a Global Executive MBA Program Announced by University of Toronto’s Rotman School of Management and SDA Bocconi School of Management – Rotman Media Centre The University of Toronto’s Rotman School…November 15, 2018In “Featured Home”Rotman MBA Receives Forté Foundation AwardAlex Walker Turner, a 2017 MBA graduate from the University of Toronto’s Rotman School of Management, has received the Edie Hunt Inspiration Award from the Forté Foundation. The award recognized her achievements in advancing women into business leadership positions as well as her significant contributions to her school and community. In…June 26, 2017In “Featured Region”Rotman Prof Talks Gender Equality and More – Toronto NewsToronto’s finest business schools have been doing their part to improve the landscapes of work environments and executive education. We’ve laid out this week’s highlights below. Companies Find One-Stop Shopping for Executive Education – The Globe and Mail Western University Canada’s Ivey Business School recently launched The Ivey Academy, a full-service…October 24, 2018In “Featured Home”last_img

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