Desautels Faculty of Management news
As the drama surrounding a Swedish bribery probe of Bombardier’s activities in Azerbaijan continues, it has become clear that the Caisse de dépôt et placement du Québec, which owns 30 per cent of Bombardier’s rail division, won’t do business in the former Soviet Union due to high rates of corruption, a lack of transparency and myriad other problems — including the Kremlin’s penchant for getting involved in some sectors. This is in opposition to Bombardier’s willingness to operate in the area.
As judge for the Social Enterprise category at the semi-finals of this year’s McGill Dobson Cup, Jake Wildman-Sisk’s credentials are solid: Not only did he help develop the first social systems innovation lab in New Brunswick, but he has also worked for the Fredericton Food Bank, and is currently an innovation fellow at the J.W. McConnell Family Foundation’s RECODE initiative, which supports students’ efforts to become agents of progress.
Amid the fallout from former McGill Institute for the Study of Canada director Andrew Potter’s Maclean’s article about stranded motorists, the Globe and Mail interviewed McGill Principal Suzanne Fortier, who defended Professor Potter’s resignation as director of MISC.
Farmers in the coastal Kenyan county of Kilifi are locked into a drought that has so far killed over 20,000 livestock. And now the Red Cross is coming to the rescue. A new, solar-powered water delivery system has been set up to tap the area’s major pipeline and deliver water to pumps in villages throughout the area. The system reduces delivery interruptions caused by power outages, as well as the long walks that residents had to take to access the old system’s collection points.
Desautels Professor Reuven Brenner gave a lecture as part of the Centre for the Thought of John Paul II’s series on Moral Capitalism, in which he explored the concept of the pursuit of happiness, as first codified in the US’s 1776 Declaration of Independence. He goes into the fact that the Declaration’s use of the term was no more than a promise to set up a legal framework that would let people try their luck or live happily — without even trying to classify just what that happiness meant.
During a debate hosted in part by the Centre for the Thought of John Paul II in Warsaw, Poland, Desautels Professor Reuven Brenner explores the military origins of venture capital, as well as the associated National Defence Education Act, which he blames for starting the decline he sees in the quality of university education.
John Tamny starts his review of Nike founder Phil Knight’s eminently enjoyable memoir, Shoe Dog, with a quote by Desautels Professor Reuven Brenner that macroeconomics is a “tautology and a myth, a dangerous one at that, sustaining that prosperity is necessarily linked to territory, national units and government spending in general.” He then goes into why the book’s author would likely agree with Professor Brenner. Indeed, Nike’s continued existence is partly a product of an integrated global economy.
At the last of this season’s McGill Dobson Centre for Entrepreneurship workshops, participants were treated to an in-depth understanding of what social media can do for startups. The workshop, led in part by Desautels Marketing and Communications Coordinator Véronique Beaulieu-Fowler, delved into best practices for solidifying a company’s online presence. It can be broken down into several factors, touching on everything from keeping up the quality of one’s social-media content to understanding one’s audience.
In a recent piece for Asia Times, Desautels Professor Reuven Brenner shines a light on Canada’s VC culture, contrasting its sluggish returns with those of the US, which outstrips its northern neighbour across the border. Professor Brenner lays the blame on everything from Canada’s taxation schemes (which he says reduce the incentive to invest and sap the necessary capital that angel investors could put toward nascent entrepreneurs) to a weakened state of academia in this country.
On a recent Breakfast Television youth employment panel, Desautels Assistant Professor Matissa Hollister said that, though it’s not necessarily an employment guarantee, “on average, it’s very clear that the university degree is the smarter, the better way to go.” But even so, the world has changed, and a degree by itself just isn’t enough. First, there’s the perennial chicken-and-egg issue, where it takes a job to get the experience required to get a job.
For his engaging teaching and excellence in research, Professor Sebastien Betermier has been named by Poets & Quants as one of this year’s Best 40 Under 40 Professors.
Northleaf Capital Partners has brought former Goldman Sachs banking analyst Simon Bibeau (BCom'15) on board to perform market research and asset management duties in its infrastructure team. Northleaf Capital is a Canadian private-markets investment firm with over $9 billion in private equity and offices in Toronto, Chicago, Menlo Park and London.
Lush’s North American factories in Vancouver and Etobicoke are putting out bath bombs at a frenetic pace to keep up with the demands of the rapidly-growing company — and the extremely short turnaround that a preservative-free product line entails. But as the company and the wider organic and Fairtrade industries grow, they put increased strain on suppliers and growers.
For young workers just starting their careers, praise from their superiors can be a real boost. But, as Desautels Professor Karl Moore says in a recent piece for Forbes, professional praise dries up when they enter their 40s and 50s, since professional excellence becomes a given. Interviews that Professor Moore has conducted with senior-level professionals show this to be almost universal.