Communications Resources

Mark Stehr, Ph.D., associate professor of economics, is quoted in a WSJ article about states loosening liquor laws in hopes of raising more revenue.

“It brings in a bit more revenue and has no measurable effect on traffic fatalities,” Stehr said. The only areas where the move did lead to higher revenues, he has found in his research, were places surrounded by dry counties or states, where alcohol sales were very limited or not allowed.

Bloomberg Businessweek published an article about LeBow’s announced C-Suite Co-op, reporting that “MBA students at Drexel University’s LeBow College of Business will get an opportunity next year that other B-school students only dream of: a shot at working in the corporate C-suite.”

Interim Dean Frank Linnehan is quoted in the article. “Unlike traditional internships, the co-op will have students work on projects that may have the ear of the chief executive officer,” he says.

New finance research suggests that CEO merger bonus payouts may not be all that shady: bonuses tend to be paid only in low-synergy transactions involving less-desirable companies that may not otherwise be sold, or to compensate CEOs for the fact they’re likely to lose their current job.

“There is always this cynical view of CEOs and CEO compensation. We’re actually coming at it from a different side of the” equation, says Eliezer Fich, Ph.D., associate professor or finance and a co-author of this research study.

An article by GlobalPost says that the Monte dei Paschi di Siena bank — a pillar of Italian finance — has seen its reputation unsettled by a bailout and a subsequent mismanagement scandal that is casting a long shadow over the country’s upcoming general elections. A Drexel LeBow expert says the most pressing concern is the deep flaws that have been exposed in Italy’s banking system.

“For the Italian market it has come as a big shock,” said Marco Airaudo, assistant professor of economics. “What it has shown is that there is something behind the curtain, it’s political and it shows that the way things are done is problematic.”