Some recent citations of our faculty's work in the news media:

Paul Bracken Publishes Managing Strategic Surprise

Paul Bracken's new book, Managing Strategic Surprise: Lessons from Risk Management and Risk Assessment has been published by Cambridge University Press. Written with Ian Bremmer, President of the Eurasia Group, NY, and David Gordon, Director of Policy Planning in the U.S. State Dept., the book is the culmination of a two year project bringing risk management experts together with specialists in international affairs. Cutting across a swath of disciplines, Bracken, Bremmer and Gordon assembled top thinkers in the field, and task them with re-evaluating the way policymakers should frame problems using modern risk management. Risk management tools and frameworks have expanded over the past decade, stretching beyond Wall Street and business to many areas of public management, including NASA and the Centers for Disease Control. The book applies lessons from risk management to topics such as warning systems, intelligence, and nuclear proliferation, security planning, and failed states in Africa.

David DeRosa on Ethics in an Economic Slump

David DeRosa discussed how much of the housing crisis resulted from unethical practices by brokers and lenders versus the false belief by buyers that home prices would continue to increase in the Christian Science Monitor.

Jeffrey Garten Comments on Goldman Alumni in Washington

Jeffrey Garten discussed the number of Goldman Sachs alumni, including former Goldman CEO and current Treasury secretary Henry Paulson, who take top government jobs in the Washington Post. Garten said, "If we are going to have a highly skilled revolving door, I don't think you can do better than look at the top ranks of Goldman Sachs and bring them into government. They are brutally effective. They waste absolutely no time. They are not lone rangers. They surround themselves with a lot of people and seek as much advice as they can. They are masters at getting at the heart of a problem in lightning speed."

William Goetzmann Speaks on Financial Crisis

William Goetzmann was a panelist at the "Word from Wall Street" panel at the World Leadership Forum in New York City on Sept. 24. He was quoted on museum design in an article on Frank Gehry's design for the Art Gallery of Ontario in the Architectural Record. Goetzmann is former director of Denver's Museum of Western Art.

Gary Gorton: The Banking System Isn't the Banking System Anymore

Gary Gorton helped explain bank regulation and its role in the current financial crisis in the International Herald Tribune. The story characterized bank regulation as a game of cat and mouse in which institutions are always trying to devise and exploit loopholes. As one example, Gorton discussed the technological advances of the 1980s that allowed bankers to create derivative instruments and structured products like securitized mortgages. "The banking system isn't the banking system anymore," he said.

Edward Kaplan's Counterterrorism, HIV Research Highlighted

Ed Kaplan's homeland security and counterterrorism research in collaboration with the Technion was featured in the Marker (Israel) and in the Jewish Ledger. His recent work on new estimates of the incidence of new HIV infections was highlighted in the BusinessWeek MBA Insider enewsletter.

Jonathan Koppell: Companies Should Pay for "Too Big To Fail" Tax

Jonathan Koppell contributed the op-ed "A Failure Tax" to the New York Times in which he argued that companies should pay a premium for "too big to fail" catastrophic risk insurance. Koppell was a frequent commentator on the financial crisis and the Fannie Mae and Freddie Mac bailout, appearing on CNBC, CNN "Glenn Beck," NPR's "Talk of the Nation" and "All Things Considered," Fox Business "Cavuto," WNPR, and NPR.org, and in the Associated Press, New York Times and International Herald Tribune.

Andrew Metrick: Should Lehman Be Allowed to Fail?

Andrew Metrick was a guest on CNBC where he discussed whether the government should extend bail outs to Lehman and U.S. automakers.

Millstein, Sonnenfeld, and Davis Named Among Most Influential in Corporate Governance

Ira Millstein, Jeffrey Sonnenfeld, and Stephen Davis were named to the annual Directorship 100 list of most influential people in corporate governance. The list is based on peer nominations and selected by a panel of judges.

Nathan Novemsky and Ravi Dhar: Consumers Don't Expect Product Enjoyment to Fade

Nathan Novemsky and Ravi Dhar's new consumer behavior study that finds consumers are not necessarily considering the long-term enjoyment of a product at the initial time of purchase was featured in the Hartford Courant and on TechRadar.com.

Joel Podolny Discusses Faith & Globalization Seminar in Financial Times

Joel Podolny discussed the Faith & Globalization seminar being offered jointly by Yale SOM and the Yale Divinity School in the Financial Times.com's Management Blog. Podolny explained the seminar content which examines the connection between faiths and economic and social development and how to reconcile the forces of globalization and minimize the tensions that have arisen.

Jeffrey Sonnenfeld Hosts Yale Roundtable on the Financial Crisis

Jeffrey Sonnenfeld organized the Yale Financial Sector Crisis Leadership Roundtable on Sept. 23 in New York City. The event, cosponsored by the Wall Street Journal and CNBC, brought together business leaders and scholars to discuss the unfolding situation in the markets and the economy more broadly. SOM faculty Rick Antle, Stan Garstka, Will Goetzmann, Jonathan Koppell, Joel Podolny, Doug Rae participated in the discussion. Coverage of the event appeared in the Wall Street Journal and on Wall Street Journal Online. Sonnenfeld also weighed in on the financial crisis on the NBC Nightly News with Brian Williams and CNBC; discussed Herb Allison's appointment as CEO of Fannie Mae in the Associated Press and Houston Chronicle; and commented on Lehman in the Wall Street Journal, New York Times, Financial Times, and Australian Review.

Shyam Sunder: SEC Mandate Will Lead to a Monopoly

Shyam Sunder contributed a column to the Financial Times in which he argued that the SEC's proposal for companies to switch to international financial reporting standards (IFRS) would create a worldwide monopoly. He wrote, "The SEC would better protect investors by allowing two or more standard-setters to compete for royalty revenues from companies that could choose one brand of standards to prepare their reports. Standards competition produces efficient results in fields such as appliances, bond ratings, higher education and stock exchanges."

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