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2005 Yale SOM Commencement

May 20th, 2005

Families and friends of SOM's Class of 2005 gathered on Monday, May 23rd to celebrate as the 236 members of the class received their MBA degrees.

Yale School of Management Study Models Solvency for Social Security Without Benefit Cuts to Future Retirees

May 9th, 2005

New Haven, Conn., May 9, 2005—President Bush recently announced his proposal for Social Security solvency through "progressive indexing," or benefit cuts to future generations of retirees. This is indicative of the ongoing reform debates, which have viewed bankruptcy and benefits as necessary trade offs. A new paper from the Yale School of Management outlines an economic model for a solvent system that keeps payouts, and the promised safety net for retirees, intact.

Paul Bracken Serves on Council on Foreign Relations Task Force on Future of American Competitiveness

May 5th, 2005

Paul Bracken is serving on a Council on Foreign Relations task force on the Future of American Competitiveness.

Regulation Fair Disclosure May Increase Analyst Herding, Inhibit Firm Disclosure According to Study

May 2nd, 2005

New Haven, Conn., May 3, 2005—Regulation Fair Disclosure (FD) prohibits U.S. firms from disclosing information to only a select few analysts, instead requiring disclosures to the public. Although the Securities and Exchange Commission enacted Regulation FD with the aim of improving the quality of information reaching the market to help level the playing field between investors and analysts, it may have the opposite effect according to a new study.

Yale President Richard C. Levin Appoints Joel M. Podolny Dean of the Yale School of Management

April 26th, 2005

Yale President Richard C. Levin issued the following statement to the Yale Community on April 26, 2005. Dear Friends and Colleagues:

Partnership on Nonprofit Ventures Prepares for Final National Business Plan Competition for Nonprofit Organizations

April 19th, 2005

New Haven, Conn., April 19, 2005—The Yale School of Management-The Goldman Sachs Foundation Partnership on Nonprofit Ventures will host its third and final National Business Plan Competition and Conference and Awards Ceremony on June 9-10, 2005, at the Hyatt on the Hudson in Jersey City, NJ. Twenty entrepreneurial nonprofits from across the country will present their earned income venture business plans and compete for $500,000 in prize money and business planning assistance.

Students Travel to Washington, D.C. for High-Profile Meetings

April 14th, 2005

During the first week of their Spring Break in early March, 11 Yale School of Management students engaged in the 1st Annual Washington, D.C. Study Trip.

Nat Keohane Hosts Starbucks Corporate Social Responsibility VP

April 14th, 2005

Ms. Mecklenburg will also present the lunchtime talk "Starbucks Coffee Social Responsibility: Building Mutually Beneficial Relationships with Coffee Farmers and their Communities,"

Study Sheds New Light on Role of Retail Slotting Allowances

April 7th, 2005

New Haven, Conn., April 7, 2005— Retailers, manufacturers, and regulators have debated the controversial role of slotting allowances, the one-time fees manufacturers pay to retailers in exchange for shelf space to stock new products, with little consensus. While some argue that they are anti-competitive, others contend that they serve to enhance efficiency by helping, for example, to allocate scarce shelf space.

Mutual Funds Perform Better When Directors Invest in the Funds They Oversee According to New Study

April 5th, 2005

Mutual funds perform better when directors invest in the funds they oversee according to a new study. The study, "Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry," was conducted by Martijn Cremers of the Yale School of Management, Joost Driessen of the University of Amsterdam, Pascal Maenhout of INSEAD, and David Weinbaum of Cornell. This paper uses data that recently became available to study the link between mutual fund performance and the ownership stakes of their directors.