In the Media

News 12

 

Atlantic City, NJ
Thursday, January 12, 2017

News 12

Internet gambling has helped Atlantic City's casinos post their first revenue increase in a decade.

Figures released Thursday by state gambling regulators show the casinos earned $2.6 billion from gamblers in 2016, an increase of 1.5 percent from a year earlier.

The last time Atlantic City casino revenue increased was in 2006, just as a wave of Pennsylvania casinos began opening and drawing away Atlantic City's customers.

Internet gambling revenue in New Jersey rose by more than 32 percent last year, to nearly $197 million.

Rutgers Business School economics professor Arthur Guarino says this could be the start of a lot more gambling in a lot of different areas.

"I think the casinos are going to diversify as far as the services they offer, and I think online gambling is just going to be one of them," Guarino says.

Guarino also expects betting on professional sports, and college sports in the long term.

Full Article and Video



Digital Journal
Newark, NJ
Thursday, January 12, 2017

Ivy Exec

The Wharton MBA for Executives (Philadelphia) and Columbia Business School Executive MBA Program take the top spots on Ivy Exec's 2017 Best Executive MBA Programs – US Northeast ranking. This is Ivy Exec Inc.'s second annual EMBA ranking, but the first year the company is unveiling the results regionally. These rankings are based on a quantitative survey-based perception study Ivy Exec undertook with the help of its professional community of high-achieving, high-aspiring executives.

The top ten Executive MBA Programs in the US Northeast are:

1.    The Wharton MBA for Executives (Philadelphia)
2.    Columbia Business School Executive MBA Program
3.    MIT Executive MBA Program
4.    The Yale MBA for Executives
5.    NYU Stern Executive MBA Program
6.    Cornell Executive MBA Metro New York
7.    The Rutgers Executive MBA Program
8.    Boston University EMBA
9.    The Fordham Executive MBA
10.   St. Joseph's Executive MBA One-Year Program

"Most EMBA rankings use ranking techniques that are really extensions of those used for ranking traditional MBA and part-time MBA programs," offers Farrokh Langdana, Director of the Rutgers Executive MBA Program. "Ivy Exec has really broken free from this pack by emphasizing that Executive MBA rankings are in a whole separate category of their own."

Digital Journal article

Ivy Exec's 2017 Best Executive MBA Programs – US Northeast ranking

Rutgers Executive MBA highlights



AXESS
Newark, NJ
Tuesday, January 3, 2017

AXESS

Shared office spaces are revolutionizing the way we work, transforming buildings into social networks.

Maybe it's the free cups of cold-brew coffee. Or the organic snacks. Or the communal kitchen. Or the lazy hammocks lounging in the low light of the quiet room.

From the minute you walk into WeWork and are greeted by the serious-smiling receptionist at the front desk, it's apparent that this is far more than a shared working space.

It's a community where freelancers, entrepreneurs, artists, writers, small businesses, and startups trade ideas, make connections, socialize, share lunch, and yes, even work together.

The collegial atmosphere is no accident. When Adam Neumann, who grew up on a kibbutz in Israel, and Miguel McKelvey, who was raised on a collective in Oregon, opened their first WeWork in New York City in 2010, they targeted the so-called We Generation, putting the We before the Work.

Joe Markert, an assistant professor in marketing at Rutgers Business School, says the influence of co-working, which syncs with ride-sharing in our e-commerce, smartphone-savvy world, goes far beyond the shared space.

"The traditional office has to be more flexible," he says. "Even large companies are renting their excess space out to short-term customers."

And some of them, he adds, are finding it profitable and even rejuvenating to rent spaces from innovative companies like WeWork.

Full Article



Asbury, NJ
Friday, December 30, 2016

Asbury Park Press

If the campaign and weeks after the election are a sign, Trump will usher in a noisy era in which a spontaneous Tweet can send stocks rising or falling. It marks a new challenge for investors trying to figure out where to place their money.

It has left them trying to discern bluster and show business from economics and policy.

Financial advisers continue to urge their clients to stick with their long-term plan. Have a diversified portfolio that is in line with your tolerance for risk. Don't try to guess when the market will rise or fall. And don't panic during big sell-offs, particularly if you have 20 or 30 years before you need the money.

"For a Main Street investor you can't respond to the gyrations of the market," said John Longo, a professor of finance and economics at Rutgers Business School. "You're never going to be as quick as the experts. You've got to go back to the basics."

Full Article



Irvine, Calif.
Thursday, December 29, 2016

Now that the holidays are over and the new year is in full swing, it’s time to head back to the lab to formulate fresh, smart, and effective ideas that will grow your organization. Whatever the size of your firm, whether you’re B2B or B2C, and regardless of the industry in which you operate, here are four must do’s that Lyneir Richardson, executive director of the Center for Unban Entrepreneurship and Economic Development at Rutgers Business School, says you need to launch if you’re aiming to increase profits and market share over the next 365 days:

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Boston, MA
Tuesday, December 27, 2016

The Boston Globe

Combined Jewish Philanthropies of Greater Boston, one of the state's largest nonprofits, gave longtime president Barry Shrage an unusual $1.34 million payment after deciding he had been underpaid for years.

The one-time cash payout was called a retirement payment even though Shrage, 69, has no imminent plans to retire. It was made in 2014, on top of his $563,000 in compensation and benefits, but did not have to be disclosed until the organization filed its most recent tax return this year.

James Abruzzo, a compensation consultant to nonprofits who cofounded the Institute for Ethical Leadership at Rutgers Business School, said that while CJP's move is not routine, the Internal Revenue Service permits nonprofits to do a "look back" to determine if their executives have been underpaid, and to make up the possible difference.

Abruzzo said Shrage's payment is "not something that would raise a red flag with me," considering the size and complexity of CJP, which Shrage has led since 1987.

"Any time you make a payment like that, you should be ready to explain it," he added, "but if the board followed the correct steps, even though it sounds juicy, I can't say there’s something wrong with it."

Full Article



NJTVNEWS
Englewood, NJ
Thursday, December 22, 2016

NJTV News

Corporate raider Carl Icahn is worth an estimated $16 billion and he's President-elect Donald Trump's surprising choice as adviser for regulatory reform, an unpaid position to end so-called strangling regulations. In a statement, Icahn said, "Under President Obama, America's business owners have been crippled by over $1 trillion in new regulations and over 750 billion hours dealing with paperwork. It's time to break free of excessive regulation and let our entrepreneurs do what they do best: create jobs and support communities."

John Longo is a Rutgers Business School professor and the chief investment officer and portfolio manager for Beacon Investment Advisory Services.

"The barring of any business is not great for long-term growth of New Jersey. Carl Icahn is there to advise the president-elect on what can be done to increase business in general, so if one person, even if he's an insignificant player, is impeded from doing business in New Jersey, the overall state might do well with the lesser regulation or more efficient regulations," he said.

Full Article



NJBIZ
Newark, NJ
Wednesday, December 21, 2016

NJBIZ

Riordan will be responsible for developing the strategic vision for the center as well as creating and supporting various educational programs. He will also work with the advisory board and Emerging Leaders Council members, faculty and students to promote the center and recruit students who want to pursue a career in real estate.

"Kevin's far-reaching experience in the real estate field, knowledge of the industry and strategic thinking make him an ideal fit as the executive director of The Center for Real Estate," Morris A. Davis, the Paul V. Profeta chair and academic director of the Center for Real Estate at Rutgers Business School, said in a prepared statement.

Full Article



YAHOO! Finance
Bridgewater, NJ
Wednesday, December 21, 2016

YAHOO Finance

Valeritas Holdings, Inc. (VLRX) announced today that Matthew Nguyen, PharmD, has been promoted to chief commercial officer (CCO) to lead the Company's efforts to accelerate adoption of the V-Go® Insulin Delivery device in the United States.

"Matt has been instrumental in driving the success of our recently implemented capital-efficient commercial strategy, which is comprised of a more focused, higher-touch and service sales and marketing effort directed toward high-prescribing physicians.  The commercial team is progressing well with this strategy to expand V-Go utilization within these customers," said John Timberlake, president and chief executive officer of Valeritas.

Dr. Nguyen earned a Bachelor of Science in Pharmacy and a Doctor of Pharmacy from the Philadelphia College of Pharmacy and Science. He also completed a fellowship in health economics and outcomes research in conjunction with Thomas Jefferson University Hospital and Janssen Pharmaceutica, Inc. and earned an MBA from Rutgers Business School.

"During the past year, it has been very gratifying to be part of the successful effort to execute our new commercial strategy and drive V-Go revenue growth in our targeted territories," said Dr. Nguyen. "I now look forward to leading the team to bring V-Go to more patients and their physicians in our currently serviced territories and begin to tactically grow our sales force and add new territories."

Full Article



USA Today
New Brunswick, NJ
Monday, December 19, 2016

USA Today

Call it a strange sign of the times. Some doctors, like Sterman, say they are noticing more and more millennials coming in because their ears have become deformed from over piercing and they need reconstructive surgery.

And it's not just ear piercing. Many are seeking to reverse the impulsive, perhaps keg-fueled decisions of their not-quite-lost youths. That tongue piercing, that bone through the nose, that conspicuously placed tattoo you got in college may not go over so big now in a job interview, or in the board room. It's time to conform to the real world.

Many millennials simply want things removed or filled in because they are entering a new, more conservative phase of life. And well they should, says Eugene Gentile, director of the Undergraduate Career Management Office at Rutgers Business School in New Brunswick.

"We tell people take your nose ring out. But then you're looking at that great big hole," says Gentile, who teaches classes and seminars on how to present yourself in interviews and in the business world. "One thing I teach is when you're on an interview, you want a person focusing on your eyes and your mouth. Not to be distracted by whatever adornment you have on your body.

Full Article



NorthJersey.com
Woodland Park, NJ
Monday, December 19, 2016

"One thing I teach is when you’re on an interview, you want a person focusing on your eyes and your mouth. Not to be distracted by whatever adornment you have on your body," said Eugene Gentile, director of Undergraduate Career Management Office at Rutgers Business School in New Brunswick.

Full Story:



NJTVNEWS
Newark, NJ
Friday, December 16, 2016

NJTV News

"Kids, work, it's a little bit of everything," said Ingrid Fontes.

That’s what Fontes stresses about.

How does she handle it?

"Yeah, I shop quite a bit," she said.

But what Fontes buys and why were the subjects of Rutgers Business School’s Kristina Durante's study — in conjunction with the University of Miami — recently published in the Journal of Marketing Research.

Durante said, "I noticed that sometimes when I myself was feeling stressed I would sometimes want to eat a tub of ice cream or go out and do retail therapy and spend my money. Other times when I was stressed I noticed that I couldn't eat, I didn't have an appetite and I just wanted to be isolated and conserve resources."

That's what piqued Durante's interest. The researchers spent two years testing the behavior of 700 participants.

"So, what we did was we had people engage in the most stress-inducing event in life next to death, which is giving a speech in front of a room full of people," she explained.

Then the researchers tested the participants to see how they would spend or save their money under acute stress.

"So generally, stress does lead to saving money," said Durante.

Full Article



EContent
Newark and New Brunswick, NJ
Wednesday, December 14, 2016

EContent

The free lunch is over, social media marketers: prepare to pony up and devote even more of your budget to paid promotion on Facebook, Twitter, Snapchat, and their ilk. That's the conclusion reached after digesting the findings of Gartner's "Digital Channel Survey 2016: Social Marketers Expand Tactics for Results."

Stacy Smollin Schwartz, marketing department instructor at Rutgers Business School, says free social media marketing has created an echo chamber where consumers are only exposed to those brands with which they already interact. “Those brands need consistent interaction levels in order to stay consistent in the conversation with their existing followers,” she says. “In order to reach new consumers and ensure that current followers see their posts, marketers will need to supplement their presence with paid advertising.”

Schwartz adds that she was surprised to learn from the Gartner report that so many social marketers have yet to begin paid social marketing efforts. “It is quite shocking to me that so few have ever experimented here. They will be blown away when they see the targeting and analytics capabilities of the tools available when they are willing to pay a little for the exposure,” says Schwartz, who recommends that first-timers to paid social try a “test-and-learn” approach whereby they spend a small amount on several short-term placements—as little as $20 per ad per day for smaller companies.

Full Article



Rutgers Today
Newark, NJ
Monday, December 12, 2016

Rutgers Today

With a degree in gastronomy and a few years of startup experience, it wasn't easy for Rahul Anand to land a job at Google in India. But the Rutgers Business School student who runs a digital marketing company while taking a full course load has never shied away from a challenge.

"Rahul has the ability to rally a team and find ways to help everybody who is on his team," says Alfred Blake, assistant director of undergraduate entrepreneurship programs in the business school's Center for Urban Entrepreneurship & Economic Development. "He is a true entrepreneur who can draw people in by helping them see the value in it for them."

"Rahul has great analytical skills to begin with but he also couples these skills with outstanding intellectual curiosity, interpersonal rapport, and grit – that is a very powerful combination in any setting, and sets him apart," says Can Uslay, associate professor of marketing and co-director of the RBS Center for Market Advantage.

Full Article



Newark, NJ
Friday, December 9, 2016

Rutgers University - Newark

Rutgers University–Newark is renowned for its scientific research, and those efforts got a big boost recently when the school acquired a premier ecology think tank, the Meadowlands Environmental Research Institute (MERI), from the State of New Jersey.

The acquisition, completed this fall, gives RU-N a multimillion-dollar research center on the Hackensack River estuary along with a sizable research-grant portfolio. It also makes the school an important source of environmental data for state and federal agencies as MERI continues to advance critical scientific research in the Meadowlands region.

And given that MERI was founded at RU-N 18 years ago, it is also something of a homecoming.

MERI Director Francisco Artigas, an associate research professor of environmental science at RU-N, helped start the institute along with Distinguished Professor Nabil Adam, of the Rutgers Business School (RBS), who currently serves as RU-N’s Vice Chancellor for Research and Collaborations.

Full Article



CNBC
Newark, NJ
Thursday, December 8, 2016

CNBC

While the S&P 500 is reaching all-time highs on optimism over Donald Trump's economic agenda, some Wall Street strategists are increasingly worried about a widely followed valuation measure that's reached levels that preceded most of the major market crashes of the last 100 years.

"The cyclically adjusted P/E (CAPE), a valuation measure created by economist Robert Shiller now stands over 27 and has been exceeded only in the 1929 mania, the 2000 tech mania and the 2007 housing and stock bubble," Alan Newman wrote in his Stock Market Crosscurrents letter at the end of November.

Newman said even if the market's earnings increase by 10 percent under Trump's policies "we're still dealing with the same picture, overvaluation on a very grand scale."

"Only when CAPE is very high, say, CAPE is in the upper half of the tenth decile (CAPE higher than 27.6), future 10-year stock returns, on average, are lower than those on 10-year U.S. Treasurys," Valentin Dimitrov and Prem C. Jain wrote in paper titled "Shiller's CAPE: Market Timing and Risk" on Nov. 17.

Full Article

Paper



Newport Beach, CA
Tuesday, December 6, 2016

Global Trade Magazine

What are the reasons to continue your education in supply-chain management?

If you're the chief executive, what reasons might you have to support employees interested in returning to school?

Employees need to know how squeezing night and weekend classes into an already busy work/life schedule will be advantageous to the bottom line upon the completion of a degree in supply-chain management (SCM).

DEMAND OUTSTRIPS AVAILABLE TALENT

"We see a tremendous need for supply-chain talent by employers," says Rudolf Leuschner, assistant professor and co-director of the online Master of Supply Chain Management program at Rutgers Business School in New Jersey. "They keep paying for students to come to our master's program. … I think there is a definite trend toward a specialized degree program such as Supply Chain Management. We haven't seen this type of growth in other programs."

Full Article



NJBIZ
Newark, NJ
Tuesday, December 6, 2016

NJBIZ

Rutgers University, through its Rutgers Business School Center for Real Estate and Edward J. Bloustein School of Planning and Public Policy, is offering a new graduate certificate in real estate development and redevelopment, it announced recently.

Registration for the spring 2017 semester is open through Jan. 17 at the Newark campus, the university said in a news release.

The program will take a multifaceted approach, including courses in topics such as land use planning, property tax regimes, urban redevelopment and more, the university said, enabling students to effectively develop or redevelop sites and contribute value to their communities.

"The Rutgers Business School Center for Real Estate was established to provide students with the most important and current skills in the field of real estate," Morris Davis, the Paul V. Profeta Chair and academic director of the center, said in a prepared statement.

Learn more



New Brunswick, NJ
Monday, December 5, 2016

During the holiday season, consumers have less skepticism and a greater tendency to spend. This, combined with the rushed nature of online sales, can lead people to fall into internet scams. "People are happy and their guard is down,” said Ashwani Monga, a professor and chair of the Marketing Department at Rutgers Business School - Newark and New Brunswick. "They are in a mood to give to charity as well as spend on themselves and their friends and family."

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NJBIZ
Newark, NJ
Monday, December 5, 2016

NJBIZ

Going Global: Trade deal debate runs deep — Hispanic business leaders understand the push to rework trade deals with Latin American countries.They're just not sure it makes sense to do so.

In total, there was $12.2 billion in goods and products that was exported out of New Jersey to countries that are a part of the Trans-Pacific Partnership last year, according to Rutgers Business School professor Arturo Osorio-Fernandez.

And the North American Free Trade Agreement before the new pact has increased New Jersey’s exports by 425.8 percent since its implementation, he added.

"To give a point of reference, the rest of the world during that time increased exports 220 percent," Osorio-Fernandez said. "So New Jersey grew 1.93 times more in exports than the rest of the world."

Full Article (PDF)