Desautels Faculty of Management news
La Matanie’s local economic development agency is getting $255,000 in financial support from the federal government. François Rioux (EMBA ’10), president and founder of the Fonds d’innovation et de développement local de la Matanie (FIDEL), welcomes the cash injection, which helps bump the fund to almost $1.2 million.
SmartCEO magazine has named asset management firm Star Mountain Capital to its 2017 New York Future 50 awards list. Star Mountain founder and CEO Brett Hickey will be presented with the award at the Future 50 Gala on March 16. Mr. Hickey was previously President of Aegis Capital Group and an investment banker at Citigroup. Star Mountain Capital is an up-and-coming lower middle-market asset manager. The Future 50 Awards showcase companies that are playing a notable role in the region’s economy and future.
Congratulations to Desautels BCom students Evan Coulter, Valentyn Litvin, Meagan Prins, and Marina Simonian for winning the PRMIA Risk Management Challenge, marking a third consecutive victory for the Faculty. The team will advance to the International Risk Management Challenge in London, UK on April 7th, 2017 for a chance to win the grand prize of $10,000 USD.
Alain Brunet (EMBA’11) got his start at the SAQ as a retail part-timer in 1981, and climbed the ranks to become the CEO in 2013. Over the years, he has seen the Quebec wine market grow from a field dominated by white wines like Hochtaler to a mature scene where you can find specialty wines galore at the SAQ, or amazing private imports at any fine wine bar. Mr. Brunet sat down with Bill Zacharkiw of The Montreal Gazette to discuss pricing, availability and the direction he sees the SAQ taking in the future.
A team of Desautels undergraduate researchers from a business statistics class taught by Assistant Professor Juan Camilo Serpa examined data from online film sites like IMDB and Rotten Tomatoes, plus box-office sales, to come up with a picture of just what it is that makes a movie successful. The team studied elements like star power, ratings and budget to determine the most influential factor.
An Asia Times piece quotes columnist David P. Goldman that the Trump administration rose from the ashes of the Republican and Democrat intellectual elites. “He was a complete outsider,” Goldman says, “a totally improbable candidate, who was elected because the establishment fell into such discredit with the voters.”
In Smiths Falls, Ontario, a former chocolate factory houses one of Canada’s biggest marijuana producers. Canopy Growth and its competitors are in a headlong rush to increase production and market share, and they will likely soon exceed the market for medical marijuana in Canada. But that’s no problem; the industry is looking ahead, toward the legalized recreational marijuana market promised by the Liberal Government.
Biopharm company Athenex has tapped independent consultant and McGill Commerce alumnus J. Nick Riehle (BCom’76) to join its executive suite as Chief Financial Officer, pending Board approval. Mr. Riehle brings a lifetime of experience to the position, having previously served as CFO of Chelsea Therapeutics and Haht Commerce. Before that, he spent 17 years at Nortel Networks, and cut his teeth as an analyst at IBM from 1977 to 1979.
In an op-ed piece for the Globe and Mail, Desautels’ Cleghorn Professor of Management Studies Henry Mintzberg decries what he calls our “era of bullies,” naming Trump, Putin and other strong-arm politicians as examples, and asks if we really have to put up with this.
Desautels Faculty of Management Finance Professor Mo Chaudhury writes for The Daily Star that the court case surrounding the Padma Bridge project in Bangladesh —which has snared the World Bank, SNC-Lavalin and the Bangladeshi government —has only served to highlight the need for greater accountability across the board in large development projects.
In an opinion piece for the Wall Street Journal, Desautels Finance Professor Reuven Brenner examines the 1970 essay Whose Country Is America? by Eric Hoffer. Professor Brenner looks at how the essay seems to have predicted the tenor of the last US presidential election, as well as the histrionics that have rocked America since.
According to a study performed in part by Desautels Assistant Professor of Accounting Jingjing Zhang, when it comes to chasing innovation, companies with risk-loving CEOs tend to pursue more original projects and “generate more patents with greater market impact than their peers.” This is because thrill-seeking personalities tend to be more open to new ideas, which translates well into the business space.
In a recent essay for the inaugural issue of American Affairs, Desautels Faculty of Management professor Reuven Brenner writes that it is time to drop the macroeconomic myths that have been damaging us for decades, and put accountability back at the centre of our economy. Against the backdrop of the 2008 financial crisis, he examines the practices and theories that took hold in the 1930s, and how they have affected everything from democracy to the basic assumptions we make about economics.
The Bloomberg Manulife Prize for the Promotion of Active Health is a $50,000 award for research that can influence North Americans’ well-being. It is partially administered by the Desautels Faculty of Management.
On behalf of the Desautels Faculty of Management, I wish to congratulate the deserving recipients of the 2017 Desautels Management Achievement Awards (DMAA), Mitch Garber (BA'86), CEO, Caesars Acquisition Company, and Norman Jaskolka (BCom'76, DPA'78), President - Aldo Group International, The Aldo Group Inc.