Recent media highlights - January 2014
In January Cass Business School achieved 104 pieces of print, broadcast and online media coverage.
Dr Amanda Goodall spoke to Times Higher Education about her most recent piece of leadership research. She was also quoted in another Times Higher Education article weighing up whether scholars or executives are best suited to lead universities.
Professor Andre Spicer authored a piece for CNN on executive incentives and shareholder value and gave comments to CNBC about how leaders sometimes react to aggressive criticism. His expert advisory on Justin King's resignation from Sainsbury's featured in the Scotland Herald. Professor Spicer's commentary on sustainable banking cultures was also published in Le Figaro and Die Welt.
Dr Mike Lynch OBE gave a speech on building a brilliant business as part of the Dean's Lecture Series. An article about the event was published in the Telegraph.
An opinion piece by Professor Feng Li on the poor IT infrastructure at major banking organisations was published in CityAM.
Professor Scott Moeller spoke to the Financial Times about how early mergers affect a company's future performance.
Cass featured in a Guardian Education article about the best postgraduate courses for charity careers. Cass' MBA Professional Development Manager Clare Astley was quoted in an additional Guardian piece advising students on how to benefit from their professional networks.
In the UAE, Vision Magazine featured Ehsan Razivadazeh's views on the merits of university education vs on-the-ground entrepreneurship. Ehsan's comments also appeared in a Gulf News article examining the criteria for choosing an MBA course.
• Visiting Professor Chris Roebuck spoke to Yle Finland about bankers' bonuses.
• Professor Pete Hahn appeared on 'In The Balance', BBC World Service to talk about about the FED slowing down their programme of fiscal stimulus.
• Visiting Professor Andrew St George discussed similarities between leadership and the military on BBC World Service Business Edition.
• Professor Cathy Pharaoh was invited to speak about Philanthropic support for the Arts on BBC2 Daily Politics show.
Recent media highlights - February 2014
In February Cass Business School achieved 95 pieces of print, broadcast and online media coverage.
Professor Meziane Lasfer spoke to the Wall Street Journal about the recent resurgence of the European IPO market.
The Financial Times interviewed Professor Jo Silvester about her career and research.
BBC News Business quoted Dr Amanda Goodall in a piece examining why insiders have the edge when it comes to the top job.
Professor Andre Spicer appeared on CNBC to discuss the European Parliament's crackdown on financial market abusers.
Leading German financial paper Handelsblatt interviewed Scott Moeller for a piece on M&A activity.
The Telegraph published a column by Professor Philip Booth which looked at the economic implications of the devolution of Scottish Parliament. A second column by Professor Booth on government-led international financial regulation also appeared in the paper.
The Financial Times quoted Professor David Blake in a piece about the value of annuities achieved by savers. The Financial Times cited a report published this month by the Cass Pensions Institute, in an article examining government pensions reforms.
The FT also spoke to Cass Senior Visiting Fellow Lynn Berry about her leadership roles in the public and non-profit sectors.
In the UAE, Professor Rob Melville spoke to The National about the benefits of postgraduate business education.
Gulf News ran an opinion piece by Professor Melville on managing generational shifts within family owned businesses.
Logistics ME interviewed Professor ManMohan Sodhi on Supply Chain Management teaching.
Gulf News also published a piece by the Lord Mayor of London and City University's Chancellor, referencing Cass's operation in Dubai, following her visit to the region this month.
Recent media highlights - December 2013
In December Cass Business School achieved 82 pieces of print, broadcast and online media coverage.
It was a good month for the Mergers and Acquisitions Research Centre (MARC) at Cass. Die Welt and the Washington Post featured Professor Scott Moeller's comments on the current level of M&A transactions. Additional MARC research was picked up by the Telegraph.
The Guardian ran a piece on the recent pay rise won by Royal Mail workers, which featured commentary from Professor Nick Bacon.
Professor Pete Hahn made an appearance on the BBC Radio 4 Today Programme to talk about the legacy of the Lloyd Banking Group bail-out, following recent share sales.
Professor Andre Spicer wrote a piece for the Independent re: the Catholic church working with management consultants to improve administration, communication and transparency.
City AM printed an opinion piece by Professor Philip Booth on what the high street holds for mutual and co-operative businesses in future Christmas times. Professor Booth's comments on government spending cuts announced in the 2013 Autumn Statement also appeared in the Huffington Post.
A report published by Cass in partnership with the London Central Portfolio was cited in a City AM articles on government stamp duty policy.
Visiting Professor Debbie Harrison gave comments in a Telegraph article on charges and fees pensioners are facing from insurers and brokers.
In Bloomberg Businessweek, Professor Forest Capie looked back at the 1969 Bank of England Report by McKinsey & Co. as the consultancy firm return to work at the institution.
In the National, Cass professional development manager Clare Astley stressed the importance of soft skills for management graduates looking to secure their first job.
Ehsan Razavizadeh spoke to Gulf News about the Islamic Economic Strategy designed to spur job creation.
Recent Media Highlights - November 2013
Cass Business School achieved 121 pieces of print, broadcast and online media coverage in November 2013.
The Sunday Times quoted Professor Nick Bacon's comments on the news that former retail giant Tie Rack faces closure.
The Financial Times published Professor Scott Moeller's advice on how employees can safeguard their careers and maximise opportunities while their organisations are being sold.
The Annual Contrarian Prize lecture hosted at Cass was recommended in a Financial Times round-up of high profile academic events. The lecture was also the focus of an article in City AM and speaker Michael Woodford appeared on BBC Radio 4's Today programme.
Dr Pete Hahn commented on the high staff turnover at financial regulators in a piece published by the Independent. He was also quoted in a Reuters article on the news that three of Britain's four major banks may struggle to hire new chairmen.
City AM featured Cass in a piece advising prospective Executive MBA students how to seek support for their studies from employers.
Professor Chris Parsons' research on the marketing activities of claims firms (CMCs) was featured in Daily Mail and Scotland Herald articles about the government's failed attempt to clamp down on cold calls.
Professor Bobby Banerjee was quoted in a Guardian piece which looked at benefits reaped by Australia's affluent classes from the mining boom, against the poverty of the country's indigenous populations.
Professor Mohan Sodhi wrote an op-ed for Gulf News which looked at Dubai as a major hub for global supply chains.
• The Wall Street Journal debated the pros and cons of private equity with Professor Meziane Lasfer (13 November)
• Professor Scott Moeller appeared on Sky News to talk about Mergers and Acquisitions leaks (14 November)
• BBC Current Affairs interviewed Professor Vince Mitchell on the topic of premium brands and rip off foods (15 November)
• Professor Andre Spicer was interviewed on BBC News about the drug use allegations levelled at former Co-operative bank Chairman Paul Flowers (18 November)
• Dr Amanda Goodall was invited on Monocle Radio (21 November) to discuss the day's news agenda
• Professor Andre Spicer spoke to CNBC about the Royal Bank of Scotland (RBS)'s lending to SMEs (25 November)
• BBC Radio 4 Today show also interviewed Dr Pete Hahn on RBS's lending to SMEs (25 November)
Recent media highlights - October 2013
Cass Business School achieved 147 pieces of print, broadcast and online media coverage in October 2013.
Print and online coverage
Professor Andre Spicer's comments on the news that hedge funds are taking over the Co-operative bank reached a wide audience. Among the publications that ran his commentary were The Washington Post, the Financial Times and The Guardian. Professor Spicer's comments also appeared in the Scotsman, the Mail and Charity Times.
Cass academics also commented on the pensions crisis. Professor Stewart Hodges offered Government issued longevity bonds as a possible solution to the problem in an editor's letter published by The Times. Debbie Harrison, Visiting Professor at The Pensions Institute was quoted in an article by the Financial Times advising readers on how to select a pensions scheme.
The FT Adviser picked up research by Professor Alessandro Beber on the consequences of banning derivatives from the asset market industry.
Research by Professor Andrew Clare on the 'guidance gap' was featured in an FT Money cover story.
Professor Bobby Banerjee spoke to The Economist about Cass's new Executive PhD programme.
The Times printed a quote from Professor Nick Bacon in an article about the actions being taken by banks to reduce juniors' working-all-hours culture.
Professor Ajay Bhalla spoke to Forbes about how companies should react quickly and transform their business models to avoid business catastrophe.
Professor Philip Booth gave his views on the government's help to buy scheme, as part of a panel of economist assembled by The Independent.
The London Evening Standard ran an article on investing ethically which included insights from Professor Paul Palmer.
City AM based a case study on the Cass Peter Cullum Centre for Entrepreneurship in a piece illustrating that MBA courses are responding to entrepreneurship's growing appeal.
A five-day course run by Cass's Centre for Charity Effectiveness was featured in a piece in The Guardian Voluntary Sector Network on how to get ahead as a charity Executive.
Quotes by Professor Rob Melville and Ehsan Razavizadeh featured in a piece printed by Gulf News on business schools adapting to change.
• Professor Andre Spicer appeared on BBC Radio 5 Live talking about the resignation of Serco CEO Christopher Hyman (25 October)
• Dr Amanda Goodall discussed Sir Alex Ferguson's new book on Radio Monocle (23 October)
• Professor Peter Fleming and Professor Philip Booth spoke about CSR and energy companies on BBC Radio 4 Moral Maze (23 October)
• BBC North West TV and BBC 5 Live Radio interviewed Professor Andre Spicer following the news hedge funds will take over The Co-operative Bank (20 October).
Recent Media Highlights - September 2013
Cass Business School achieved 70 pieces of print, broadcast and online media coverage in September 2013.
Print and online coverage
The Daily Telegraph, the Independent, City AM and The Scotsman quoted Professor Andre Spicer in articles about JP Morgan's £157million fine. Professor Spicer's comments on the topic also appeared in Die Welt, the Mail on Sunday and the Sydney Morning Herald.
The FT Advisor published a piece written by Andre on organisational reforms made by banks five years after the collapse of Lehman Brothers.
Professor David Blake also wrote a piece for the FT Advisor on his research with Professor Kevin Dowd into "good practice" principles for modelling pension plans.
Cass did well in the Financial Times this month. The newspaper published a letter from Professor Meziane Lasfer on the Lloyds Bank bailout. They also featured comments by Dr Peter Hahn on policing derivatives markets, Professor Joseph Lampel on employee owned businesses and Professor Andrew Clare on index hugging and UK equity funds.
BBC News Technology quoted Professor Cliff Oswick in an article about Valve, a games making organisation without leadership hierarchy.
Professor Philip Booth wrote about the Prime Minister's Housing policy for City AM.
• Professor Andre Spicer spoke to BBC Radio 5 Live and Radio France about banking five years on from Lehman Brothers' collapse (10 September),
• Stefan Haefliger appeared on WSJ Video to discuss the new Samsung smart watch (4 September)
• Visiting Professor Chris Roebuck talked to BBC World about Lenovo's CEO giving a chunk of his bonus to hourly workers (2 September)
We had a busy month in MENA:
We placed an opinion piece by Professor Cliff Oswick on metaphors of leadership in MEED and a piece by alumnus Yasser Alamoudi on his experience studying at Cass in Saudi Arabian publication Roa Okaz.
News that Cass Dubai hosted the third annual delegation from South Africa's Banking Sector Education and Training Authority appeared in Gulf Bankers, CPI Financial, Emirates News Agency, Zawya (English and Arabic) and AME Info (English and Arabic).
Cass research identifying the challenges and opportunities for Dubai as an International Financial Centre appeared in the Khaleej Times as well as Al Khaleej, the Arabian Gazette, Zawya and CPI Financial.
Cass and Credit Suisse's new multi-asset indices appeared in AME Info and Zawya.
Recent Media Highlights - July 2013
Cass Business School achieved 100 pieces of print, broadcast and online media coverage in July 2013.
Print and online coverage
Professor Laura Empson authored an article for The Lawyer on her research on leadership in professional service firms.
The Financial Times published a letter by Professor Scott Moeller on the importance of accurate writing for M&A students.
The Financial Times quoted Professor Clive Holtham in an article on how consumer businesses can maximise the commercial value of data they amass.
Research on employee-owned businesses by Professor Ajay Bhalla and Joe Lampel was quoted in The Independent.
• Professor Meziane Lasfer appeared on FT Video talking about the growing appeal of Islamic Finance (26 June)
• BBC News Channel (26 July), BBC 5Live and BBC Sussex (27 July) interviewed Professor Andre Spicer on the Church taking on pay day lenders
• Professor Ajay Bhalla discussed when a company founder should hand over the reins on Bloomberg TV (11 July)
• Reuters Insider interviewed Prof Meziane Lasfer on insider trading (5 July).
Research by Nick Bacon with Unum was tweeted from 13 different accounts, with four discussions on the subject, and Cass's tweets on the research were retweeted 16 times.
The Cass PR team live tweeted from the UK Business Angels Association Gala Dinner. Cass tweets were retweeted 15 times.
News that the Cass EMBA was ranked 4th in UK, 10th in Europe and 23rd in the world by the Economist proved popular and a Cass tweet was retweeted nine times and favourited by four people.
Recent Media Highlights - June 2013
Cass Business School achieved 131 pieces of print, broadcast and online media coverage in June 2013.
Print and online coverage
The Times featured Professor Laura Empson's latest research on leadership in professional services firms.
Research by Professor Les Mayhew proposing a solution to the looming elderly care crisis was covered in the Financial Times, Sunday Times and Daily Telegraph.
Professor Andre Spicer was quoted in the Guardian and Evening Standard commenting on plans by the Co-operative Bank to list on the stock exchange. His comments on the Parliamentary Commission on Banking Standards were also featured in the Financial Times.
The Sunday Times quoted Professor Scott Moeller in an article on the benefits of companies and universities working together on research.
Professor Paul Palmer was quoted in a Guardian article on the growth in postgraduate courses targeted at third sector professionals.
Cass academics spoke to various media after the Parliamentary Commission on Banking Standards published its review. Among those to give interviews were:
Professor Andre Spicer, BBC News Channel (19 June) and BBC Radio 5 Live (17 June)
Professor Peter Fleming, Al Jazeera (19 June)
Visiting Professor Chris Roebuck, BBC News (19 June)
Professor Les Mayhew was interviewed by BBC Radio 4 on his proposed solution to the elderly care crisis (18 June)
603 new followers on Twitter this month, with significant jumps in followers around several events including:
• CENTIVE - Tech City: rhetoric or reality. 12 June
We welcomed Deputy CEO of Tech City, Benjamin Southworth, to this panel. A prolific tweeter, his presence and his engagement with us on social media, helped drive 15 re-tweets and 5 @mentions from the event, plus a jump of around 30 followers.
• CFA - Financial History Roundtable. 11 June
The CFA roundtable generated quite a conversation on twitter. There were around 40 re-tweets of messages from the event. Including one message that was re-tweeted 25 times to over 60,000 people!
• The CEO of 'King of Shaves', the UK men's grooming company tweeted about his time on a judging panel here at Cass. He tweeted the following messages:
"I was blown away by the quality & presentation skills shown by the 5 #CassBusinessSchool groups re Project #GetHyper this morning..."
"1 of the brand presentations was the Best Presentation / Pitch "I have ever seen" > & I've seen a LOT. Take note - use #Keynote (they did)"
He has over 8000 followers on twitter.
Recent Media Highlights - May 2013
Cass Business School achieved 104 pieces of print, broadcast and online media coverage in May.
Print and online coverage
Dr Amanda Goodall co-authored an article in The Times Higher Education supplement debating the merits of the Research Excellence Framework.
Professor Ajay Bhalla spoke to The Independent after Nokia unveiled a new phone to wrestle market share back from Apple and Samsung. He also contributed advice on starting a family business to Management Today.
Dr Paolo Aversa authored a case study for the Financial Times on how the chief executive of Ducati motorcycles, Federico Minoli, turned around the company's fortunes.
The Daily Mail quoted Professor Meziane Lasfer after shares in London soared to a five-year high. He said, "My overall impression is that the market is too overvalued and there is no fundamental reason for the recent increase in share prices given the gloomy economic conditions."
Senior Visiting Fellow Debbie Harrison was quoted in the Financial Times commenting on concerns consumers may be unaware of the costs involved in the fast growing direct sale annuity market.
H.H. Sheikh Ahmed bin Saeed Al Maktoum received a City University London honorary degree at Cass's Dubai EMBA graduation ceremony in May. This was covered by eight regional publications including the leading the Khaleej Times and Al Khaleej.
• Tech City Insider interviewed Dr Caroline Wiertz and Dr Marius Luedicke for Digital Shoreditch Week (20 May)
• Professor Andre Spicer appeared on Sky News, BBC Radio Ulster and BBC World Service to discuss Sir Alex Ferguson's retirement. Dr Amanda Goodall spoke to Sky's Jeff Randall Show and BBC News Channel. And Visiting Professor Chris Roebuck was interviewed on CNN and Sky News (8 May)
• Dr Pete Hahn was interviewed by BBC Radio 4 Today programme on plans to privatise RBS (3 May)
Social Media Highlights
• Alumni World Forum 2013 - The event was live streamed around the world and questions were invited over social media channels. Questions came in from China, Canada, Dubai and London. Facebook photos from various events around the world were seen by 12,074 people. On Twitter, 30+ participants used the #AWF2013 to question and comment. Tweets from the day reached over 20,000 followers
• Leadership event, 9 May - Andre Spicer and Stefan Stern tweeted live from the event. 10+ participants interacted over twitter, reacting to tweets from Cass, Andre Spicer and Stefan Stern. Tweets reached over 20,000 followers
• Dubai graduation - The first 'digital' graduation from the region. Both the @cassinthenews and the @Cass_Dubai account live tweeted from the ceremony. The Capital Club Dubai and the network British Business joined in the conversation.
Recent Media Highlights - April 2013
Cass Business School achieved 121 pieces of print, broadcast and online media coverage in April 2013.
Print and online
Research by Professor Andrew Clare, Dr Nick Motson and Professor Steve Thomas, which suggests a monkey would have produced better returns over 40 years than a typical tracker fund invested in a stock market index, received global media coverage. As well as appearing on the front page of City AM, the story was covered by more than 40 news sources in the UK alone, including the Financial Times, Wall Street Journal, Daily Telegraph and The Times.
A study on leaked M&A deals by Professor Scott Moeller and Anna Faelten of Cass's M&A Research Centre received widespread coverage. Among the outlets which ran the story were the Financial Times, The New York Times, BBC News, CFO and the The Times.
The Financial Times published a case study by Dr Paola Aversa on innovation in Formula One racing.
Professor Ajay Bhalla was quoted in the Daily Telegraph commenting on the release of Apple's first quarter results.
Dr Pete Hahn gave comments to the Financial Times on rogue traders.
Dr Caroline Wiertz was the featured academic in the Financial Times' regular Ten Questions column.
Professor Philip Booth authored an article for City AM on Margaret Thatcher's legacy.
• Professor Michael Tamvakis spoke to the BBC World Service about commodity super cycles (22 April)
• BBC Radio 4 and Radio Belfast interviewed Professor Ajay Bhalla after Tesco pulled out of the US (17 April)
• Professor Cathy Pharoah spoke to BBC Asian Network Radio about her new research on migrant giving (18 April)
• Anna Faelten spoke to BBC Radio 5 Wake up to Money on research on leaked M&A deals (17 April)
• Bloomberg TV interviewed Dr Nick Motson on research into alternative indexing techniques (8 April)
• Sky News and BBC News spoke to Professor Andre Spicer about the report on failures at HBOS (5 April).
• 529 new followers on Twitter this month
• Professor Scott Moeller and Anna Faelten's research into leaked M&A deals was mentioned on twitter by Mergermarket, ICAEW Corporate Finance, Intralinks and on the Cass Dubai account
• A tweet with a link to Professor Andrew Clare et al 'Market Cap' research was very popular - 81 people clicked through the link. A further 22 people posted about the research, including the FT, a BBC journalist, a leading public affairs director at Edelman, a senior correspondent at Reuters, a leading French TV broadcast company and several freelance finance writers
• Photographs on Facebook from the 10 Year Anniversary student and alumni party were viewed by 13,458 people (so far!).
Recent Media Highlights - March 2013
Cass Business School achieved a total of 99 pieces of print, broadcast and online media coverage in March 2013.
Print and online
The Times covered research by Professor Laura Empson on the relationship between managing partners and management professionals in large international law firms.
The Financial Times reported on the launch of a new MSc in Leadership by Cass in partnership with the Inspirational Development Group and the Royal Military Academy Sandhurst.
A "real-time growth index" created by Professor Alessandro Beber and Quantitative Investment Solutions was featured in the Financial Times.
The Guardian published research by Professor ManMohan Sodhi on how protecting the supply chains of small retailers during floods in Asia could enable faster humanitarian relief.
Dr Peter Hahn gave comments to the Financial Times on the EU's plans to single out banks for bonus caps saying "yet again salaries are almost certain to rise substantially".
The Financial Times quoted research by Cass's M&A Research Centre which shows that on average M&A deals do add value to the UK economy.
Emeritus Professor Forrest Capie co-authored an article in the Daily Telegraph arguing that capital regulation can be abandoned once banks are left to judge their needs.
An op-ed by Professor Philip Booth on capital controls in Cyprus was published in City AM.
Il Corriere Della Sera quoted Cass's Head of Development, Paola Barbarino, on the range of postgraduate scholarships available at Cass.
Accountancy Middle East published a four page feature on Cass following an interview with Dr Arthur Kraft.
• Professor Kate Phylaktis spoke to Voice of America (19 March) and Reuters (26 March) about the Cyprus bailout
• Icelandic TV station Vidskiptabladid interviewed Professor Philip Booth on regulatory lending limits (13 March)
• Dr Julie Verity discussed women in leadership on BBC Radio 4 You and Yours (12 March)
• The Jeff Randall Show on Sky News, interviewed Professor Bobby Banerjee on CSR themes including plain cigarette packaging (6 March)
• Cass was voted the most social media friendly school in the UK, fourth overall, by the website OnlineMBAPage.com
• The MBA leadership series debate 'This house believes the future belongs to female leaders,' generated a buzz on Twitter with over 20 participants in the conversation. Tweets about the event reached over 20,000 followers
• Over 400 people started following @cassinthenews in March, one of the highest jumps in new followers since we opened our twitter account.
Recent Media Highlights - February 2013
Print and online
The Financial Times ran a feature length interview with Professor Steve Haberman on his appointment as the new Dean of Cass Business School. The paper also reported on the School's new half-a-million dollar undergraduate scholarship programme launched with The Coca Cola Foundation.
The Financial Times and The Independent covered a new pop-up university for entrepreneurs launched by City University London and Unruly Media, and led by Cass's Dr Caroline Wiertz. Named City Unrulyversity, the venture is designed to inspire the next generation of Tech City entrepreneurs, providing them with lectures on a range of business topics, including creative app development and fast track venturing.
Research by Professor David Blake which outlines a new blueprint for building mortality models was covered by Investment and Pensions Europe, Professional Pensions, Pensions Age and AiCIO. He was also quoted in a front page story in the Daily Express on the value of UK savings and pensions being cut by an EU tax on financial deals.
Professor Philip Booth authored an article in the Wall Street Journal arguing that those who oppose Britain's membership to the EU often succumb to the "nirvana fallacy". "They imagine that Brussels is all that stands between the U.K. and an Eden of deregulated government. Sadly, that is not the case, certainly not in the financial sector," he wrote.
Professors Andre Spicer and Jean Pascal-Gond were extensively quoted in a feature in HR Magazine on how the neglect of HR issues in the City has contributed to the misdemeanours of bankers.
Chris Wagstaff told The Telegraph that pension funds are looking to increase their exposure to property. "Pension schemes are increasingly turning their attention to the liability-matching qualities of non-core property assets such as social housing, long-lease real estate and ground rents," he said.
Professor Charles Baden-Fuller was quoted in an article in the Financial Times examining some of the companies that have struggled, and some that have succeeded, as the British economy has been in the doldrums.
Professor Paul Palmer explained to the The Telegraph that, as a result of the financial crisis, business school teaching is increasingly focused on ethics, sustainability and social responsibility.
• BBC Radio 4 Woman's Hour interviewed Visiting Professor Julia Hobsbawm on the 'Women's power list' (12 February)
• Dr Pete Hahn spoke to BBC Radio 4 Today programme on claims that banking rules curb lending (11 February)
• Professor Ajay Bhalla analysed the Virgin Media takeover on CNN (6 February)
• Visiting Professor Chris Roebuck talked to BBC World News about the Libor scandal (6 February) and to the BBC News Channel on the Barclay's CEO surrendering his bonus (1 February)
Social media highlights
• The Cass team in Dubai have joined Twitter. Follow @Cass_Dubai for all the latest news from the region
• The news of the undergraduate sponsorship from the Coca Cola Foundation was announced by the FT's business education Twitter handle to nearly 25,000 followers. Subsequent re-tweets reached over 35,000 tweeters
• On March 8 Cass hosted 'Corporate Social Responsibility in change times.' Panellists included new Cass academics Professor Bobby Banerjee and Professor Peter Fleming. It was a lively debate, both in and out of the auditorium with over twenty participants on twitter. Tweets about the event reached over 10,000 followers.
Recent Media Highlights - January 2013
Cass Business School achieved a total of 99 pieces of print, broadcast and online media coverage in January 2013, including coverage on functional stupidity, IPOs, female entrepreneurs and the fall of Blockbuster.
Print and online
The Times featured research by Professor Laura Empson and Visiting Fellow Dr Louise Ashley, which argued that law firms tend to hire well-off graduates from top universities because it will impress clients and persuade them to pay high fees. Read more.
Research on functional stupidity by Professor Andre Spicer was covered by the Financial Times.
The research "suggests organisations that make a virtue out of the cleverness of their staff and sell intangible services - accountancy firms, consultancies, banks - are particularly prone to stupidity. They're certainly guilty of the kind of mushy mission statements and ill-defined strategic visions identified as the tools of "stupidity management". Read more:
Senior Visiting Fellow Dr Douglas Board authored a piece on the limitations of recruitment and selection processes at the most senior levels for the Financial Times. He writes: "Despite being expensive, these processes are often done badly thanks to erratic, self-indulgent timing. This bemuses candidates who expect a clear recruitment timetable with person specifications, structured interviews, psychometrics and (at least on good days) timely feedback." Read more:
The Financial Times also published a letter from Professor Meziane Lasfer arguing that lock-ups for banks would be the best IPO reform: "These lock-ups will commit investment banks to holding shares in the IPO for, say, the first 365 days after the IPO date, the average current lock-up period for insiders." Read more:
Professor Julie Logan was quoted in a piece in The Sunday Times, which claimed women business owners earn an average of £55,000 a year more than their male counterparts. She was subsequently quoted in the Mail on Sunday. Read more:
Research by David Blake and his colleagues at the Pensions Institute, with investment firm Fidelity, found that investors with portfolios worth less than £61,000 may struggle to get financial advice in the future. It was covered by The Sunday Times and numerous financial publications:Read more:
Professor Ajay Bhalla was quoted on the fall of Blockbuster in The Independent and numerous regional publications. He said the company, like HMV, had failed to transform its business model "nearly enough", adding: "When it did, it found a fundamentally altered competitive landscape where the platform model had destroyed the tradition retail one." Read more:
• BBC Radio Wales spoke to Professor Vince Mitchell on the recession's impact on the size of packaged food (22 January)
• BBC World Service spoke to Professor Cathy Pharaoh about what happens when charitable brands are tarnished (18 January)
• Sky news filmed Professor Paul Palmer commenting on Barclays' new code of ethics (17 January)
• Visiting Professor Chris Roebuck spoke to BBC News Channel (10 January) about Libor manipulation and Sky's Jeff Randall Show (17 January) on Barclays' code of conduct
• BBC Scotland spoke to Senior Visiting Fellow Guy Fraser-Sampson about budget deficits and government debt on (12 January)
• The Cass official Facebook page gained its 7000th fan on 15th January - a growth of 67% from the same time last year
• City Unrulyversity, a free pop-up university for Tech City entrepreneurs, was launched in collaboration with Unruly on 30th January
• There was considerable buzz on Twitter. The Cass, City University London and Unruly twitter handles drove the conversation and the tweets were re-tweeted by @TechCityUK,(10,220 followers)and @InShoreditch.co.uk (4,160 followers). The Financial Times business education twitter handle also mentioned the project on their feed to 23,112 followers. In total, news about the project reached over 50,000 twitter feeds. #CityUnruly
Recent Media Highlights - December 2012
Cass Business School achieved a total of 48 pieces of print, broadcast and online media coverage in December 2012, including coverage on corporate tax avoidance, charity giving and the decline of M&A joint ventures.
Print and online
Professor Andre Spicer was quoted in the Financial Times on the right time for a business founder to hand over the reins. He said: "Managers rise to their level of incompetence. Company founders do the same. The only difference is people are usually hesitant to tell founders the bad news, and founders are even less willing to listen." Read more
Emeritus Professor Geoffrey Wood co-authored a thought piece in The Guardian on corporate tax avoidance. He said: "Those who complain about tax avoidance by companies should see that the more tax a company avoids, the more tax its owners and employees will pay." Read more
Research by Cathy Pharoah on levels of family foundation giving was featured in The Guardian, Third Sector and Charity Times. The report found an overall increase in giving by the UK's largest 100 family foundations, if the largest foundation is removed. Read more
The M&A Maturity Index published by the M&A Research Centre was covered in the Dubai Chronicle and UAE Today. The report, produced together with Ernst & Young, ranks 148 countries according to their ability to attract and sustain M&A. Read more
Anna Faelten was quoted in the Financial Times commenting on the wane of joint ventures. She said: "In many markets, such as India or China, the entry route used to be through a JV or nothing, but now that appears to be changing." A study by the M&A Research Centre on mergers of equals was also quote in the FT's Lex Column. Read more
Visiting Professor Chris Wagstaff participated in a Pensions Week roundtable on defined contribution which received significant coverage in the magazine. He also wrote an feature for The Actuary under the CassExec banner.
• BBC Radio 4 spoke to Professor Cathy Pharoah about charity giving (11 December)
• Professor Andre Spicer discussed corporate tax giving with CNN (1 December)
• Michael Tamvakis was a guest on BBC Radio 4's Today programme discussing the threat of strikes at US ports (20 December
• Visiting Professor Chris Roebuck was interviewed by Al Jazeera on the HSBC fine (11 December)
Cass's position in the European Business School rankings was posted on Facebook and was viewed 3,574 times, achieving 111 likes. The same news on Twitter was re-tweeted nine times to over 48,000 people.
Recent Media Highlights - November 2012
Cass Business School achieved a total of 109 pieces of print, broadcast and online media coverage in November 2012, including coverage on UBS job cuts, the new Bank of England governor and Cass pensions research.
Print and online
The Guardian, City AM and Pensions Week reported on research by Cass's Pensions Institute which found that local authority pension schemes in London are a "ticking time-bomb" that could cost taxpayers millions of pounds after years of poor governance by trustees and the government. Read more
The Financial Times quoted Dr Pete Hahn on news that UBS would cut 10,000 jobs over three years. He said: "A number of institutions will have told their employees: You're lucky to still have a chair. Not only that, but it might be some time before you get a big envelope after Christmas." He was also quoted in Reuters commenting on calls for tighter controls on the shadow banking sector. Read more
Visiting Professor Giorgio Questa was quoted in The Guardian and The Telegraph commenting on the appointment of Mark Carney as the new Bank of England governor. He said: "Appointing Carney as governor after hiring Martin Wheatley as CEO designate of the FCA is a very smart move by the Chancellor." Read more
The Telegraph citied Cass Business School in an article comparing the merits of a full and part-time MBA. "A one-year, full-time MBA at Trinity Saint David, which has a London campus besides its main Lampeter base, cost just £4,200 in 2012, while at the other end of the scale a two-year executive MBA from the prestigious Cass Business School is £42,000." Read more
Comments by Professor Joseph Lampel on the US government's temporary ban on new BP contracts was featured in The Guardian and Sky News. He said: "This suspension should be seen as an additional penalty rather than a pressure tactic that the US government often uses when it wants to force firms to concede liability." Read more
• Visiting Professor Chris Roebuck was interviewed by Sky News on UBS's rogue trader fine (26 November)
• BBC World Service Radio spoke to Professor Andre Spicer on how CEOs lead corporate culture (23 November)
• Professor Alessandro Beber appeared on CNBC discussing methods for measuring economic activity (23 November)
• Professor Philip Booth was a guest on BBC Radio 4 discussing what global corporations in the UK get for their tax (20 November)
• BBC Daily Politics show interviewed Professor Jo Silvester on candidate selection during the US election (5 November)
To coincide with the final race of the Formula 1 season on 25 November, we tweeted a link to a news story on the Cass website covering the findings of research by Dr Amanda Goodall about why Formula 1 teams with leaders who started out as drivers win twice as many races. 92 users clicked through to the story and the original tweet was retweeted to nearly 48000 people.
To demonstrate the power of viral video, Unruly Media's COO Sarah Wood gave a guest lecture at Cass on Friday 23 November. During the session Professor Vince Mitchell and two students gave a demo of the world's most popular viral video, PSY's 'Gangnam Style'. The photo and video of the dance was seen by 5066 unique users and the video on YouTube has been viewed over 900 times in four days.
Recent Media Highlights - October 2012
Cass Business School achieved a total of 163 pieces of print, broadcast and online media coverage in October 2012, including coverage on research by Cass's Pensions Institute, Vince Cable's lecture at Cass and Rosneft's deal with TNK-BP.
Print and online
Research co-authored by Professor David Blake and Senior Visiting Fellow Debbie Harrison on the pitfalls of the Government's new auto-enrolment pension scheme was covered by, among others, the Financial Times, The Telegraph, The Guardian, The Independent, Daily Mail, London Evening Standard and City AM. Read more
Research co-authored by Dr Giovanni Cespa on the causes of the 'flash crash' was featured in The Economist. An official report into the phenomenon, which saw stock prices plummet and recover in the space of minutes, pointed to a sell order in the futures market as the spark. Dr Cespa's paper helps to explain why, in a supposedly efficient market, a single transaction caused so much chaos. Read more
Business Secretary Vince Cable's speech at Cass on social mobility was covered by The Telegraph, The Independent and the International Business Times. Giving the annual Sir John Cass's Foundation Lecture, Mr Cable advocated education and training throughout life, saying "later interventions can also improve the chances of future generations". Read more
Professor Ajay Bhalla spoke to the Financial Times on the increase in company quarterly profit warnings. He said: "The combination of no immediate turnaround in western markets and saturation in emerging markets makes the outlook very difficult to forecast." He also gave comments to The Guardian on the launch of Microsoft's new tablet. Read more
The Telegraph, Bloomberg, Reuters and the South China Morning Post were among the outlets to cover comments by Dr Andrey Golubov on Rosneft's acquisition of TNK-BP. Dr Golubov said: "This deal is in line with the Russian government's strategy of reversing the privatization of oil and gas resources that took place in the 1990s." Read more
Chinese publication The Week included comments from Professor Kate Phylaktis on what China can learn from London: "China will need to continue implementing effective macroeconomic policies in the next several decades to promote and strengthen international confidence in its currency."
Italy's equivalent of the FT, Milano Finanza, featured comments by Professor Gianvito Lanzolla on Cass's MSc in Management in its Patrimoni supplement.
• Professor Vince Mitchell appeared on BBC 1's Watchdog programme talking about confusing marketing by Argos (17 October)
• BBC Radio 4's Today programme interviewed Professor Michael Tamvakis on Total's oil pricing allegations (16 October)
• Sky News spoke to Professor Meziane Lasfer about Direct Line's IPO (11 October) • Visiting Professor Chris Roebuck talked to CNBC on how new CEOs cope with changing boards (11 October)
• Professor Joseph Lampel was a guest on Sky's Jeff Randall Show talking about Toyota's product recall (10 October)
Recent Media Highlights - September 2012
Cass Business School achieved a total of 104 pieces of print, broadcast and online media coverage in September 2012, including coverage on the LIBOR overhaul, the UK's new auto enrolment pension scheme and executive pay.
Print and online coverage
The Sunday Times covered research by Dr Amanda Goodall which suggests that organisations do best when their chief executives are experts in their fields. "I've found that leaders should be people qualified in the core business activity of the organisation," she said. "For example, the most highly-rated hospitals tend to be run by former doctors, even though the majority of hospitals are led by people with no medical training."
Dr Pete Hahn was quoted in the New York Times commenting on the slump in investment banking operations. "The banks are slowly realizing there are parts of their businesses that just don't make money," he said. "A fundamental rethink is under way." He was also quoted on banking regulation in The Economist and on compliance issues in The Wall Street Journal. Read more
Professor Scott Moeller was quoted by Reuters after Goldman Sachs asked its junior investment bankers in Europe to multi-task rather than specialise in particular industries. "The ability to have a variety of experience is in fact superior to concentrating early," he said. "In the 1980s it was common that you wouldn't specialise until you passed the associate level." Read more
Senior Visiting Fellow Debbie Harrison authored an article in the Financial Times on the roll out of the UK's new auto enrolment pension programme. "The success of the programme depends on universal access to low-cost schemes with a strong investment governance framework," she argues. Read more
Research by Professor Vince Mitchell which found that retailers are failing to accommodate the needs of visually impaired shoppers was covered by Marketing Week. The study suggests up to 17 per cent of visually impaired people do not engage in any form of shopping due to the stress caused by failures to meet their needs. Read more
- Dr Nick Motson was interviewed by CNN, Reuters and FT Video on LIBOR reforms (28 September)
- Anna Faelten spoke to South Africa's Summit TV on the drop in M&A deal volumes (27 September)
- Dr Pete Hahn was a guest on BBC Radio's Today and BBC Wake up to money programmes discussing the LIBOR scandal (24 September)
Visiting Fellow Douglas Board talked to Reuters TV about executive pay (19 September)
- Dr Sionade Robinson spoke to BBC Radio's Today and Business Daily programmes on whether an MBA is worth the money (12 September)
- Sky News interviewed Professor Mohan Sodhi on the decline in UK manufacturing (6 September)
Recent Media Highlights - August 2012
Cass Business School achieved a total of 170 pieces of print, broadcast and online media coverage in August 2012, including coverage on Standard Chartered's 'controversial Iran trades, Cass research on global M&A hotspots and a Cass study on professional service firm billing.
Print and online coverage
A study by the M&A Research Centre and Ernst & Young which ranked the world's most attractive countries for M&A deals was featured in CFO Magazine, Financial News, China Post and Singapore's Business Times. The annual study, known as the M&A Maturity Index, ranks 148 countries according to factors such as their political, economic and regulatory environment. The US topped the list followed by Singapore and the UK. Read more
The Times published research by Professor Andre Spicer which found a culture shaped by the 'tyranny of billable hours' in professional service firms leads to over-charging of clients and overworking of junior employees. According to Professor Spicer, firms tend to group clients into 'bill sensitive' and 'unsensitive', and charged accurately or overcharged respectively. In addition, junior employees are often forced into working into their personal time to complete non-billable tasks.
Cass Business School's bid to help MBA students access affordable loans by signing up with Prodigy Finance was covered in the Financial Times. The Prodigy MBA Bond enables MBA alumni and other investors to earn a return on their investment - 5 per cent per annum - while funding the next generation of Cass students. Read more
Professor Les Mayhew authored an article in The Guardian about overcoming the problems created by a lack of accurate, up-to-date, household statistics in the UK. He said: "A lot has simply to do with better record keeping between different parts of a local authority, not extra investment. The benefits would be statistics that are timelier, less reliant on out of date census information, relevant to local people and users, but most importantly trustworthy." Read more
Dr Pete Hahn was quoted in a Bloomberg Business Week report that warned Europe's failure to resolve its sovereign-debt crisis may force investment-banking chiefs in the region to consider shuttering entire businesses. He said: "The growth lasted too long. Now the biggest business segment for investment banks, the financial industry, is under pressure to shrink." Read more
- Professor Philip Booth was a guest on BBC Radio Wales discussing Nick Clegg's emergency tax proposals (29 August)
- BBC News Channel interviewed Visiting Professor Chris Roebuck on RBS being caught in the Iran sanctions net (22 August)
- Sky News spoke to Professor Philip Booth on a bank bailout study by the Bank of England (21 August)
- Visiting Professor Chris Roebuck spoken to BBC World News on accusations that Standard Chartered illegally hid transactions with Iran (14 August)
Recent Media Highlights - July 2012
Cass Business School achieved a total of 198 pieces of print, broadcast and online media coverage in July 2012, including coverage of the Libor benchmark scandal, Bob Diamond's resignation from Barclays and the G4S Olympic security crisis.
The Financial Times featured research by Professor David Blake which found that UK pension funds run by specialist managers sharply outperform those overseen by balanced managers. Read more
Research by Dr Amanda Goodall which suggests that CEOs should have deep technical knowledge of their firm's core business as opposed to being general managers was covered by The Independent, the BBC and CNN. Read more
The Financial Times ran comments by Professor Ian Marsh on Italy and Spain's decision to ban short-selling. Professor Marsh said there is evidence that bans "not only drag out short-sellers but anyone who wants to take a long-short position. So liquidity dries up and everyone finds that they are paying more." Read more
Professor Cathy Pharoah authored an article for The Guardian on what can be done to improve philanthropic giving in the UK. "To increase the impact of philanthropy in our troubled times," she wrote, "we have to address its geographical, attitudinal, ethical and policy dimensions." Read more
The Financial Times covered the launch of Cass's new joint MSc in Quantitative Finance with Singapore Management University (SMU). The programme, starting in September, will follow the syllabus of Cass's established MSc in Quantitative Finance degree and will see SMU students join Cass classmates in London during their second term. Read more
- Dr Peter Grant talked to Radio 5 Live on the Olympic legacy (26 July), Australian TV's Channel Ten on the economics of the Games (25 July) and Sweden's national broadcaster YLE on Olympic marketing (18 July)
- Dr Amanda Goodall spoke to the BBC Radio 4 Today programme, Radio 5 Live Wake Up to Money and BBC World Service Radio Business Daily about her research on 'expert leaders' (19 July)
- Dr Pete Hahn was interviewed on BBC News at Ten (13 July) on the Libor scandal and BBC Newsnight following Bob Diamond's resignation from Barclays (3 July)Professor
- Ajay Bhalla was a guest on the BBC Radio 4 Today programme (14 July) and BBC Radio 5 Live talking about the G4S Olympic security crisis (12 July)
Visiting Professor Chris Roebuck talked to Sky News, CNBC and Al Jazeera (4 July) and CNN, BBC World Service TV and BBC News Channel (3 July) on the Libor scandal
Recent Media Highlights - June 2012
Cass Business School achieved a total of 180 pieces of print, broadcast and online media coverage in June 2012, including coverage on the NatWest and RBS computer glitch, Moody's downgrade of British banks and the WPP shareholder revolt.
The Daily Telegraph, Daily Mail, BBC News Online and Reuters quoted Dr Peter Hahn on Moody's downgrade of British banks. He said: "The rating agencies' high ratings were overly generous and largely correct on the level of government support for banks pre-crisis and it seems likely they will overshoot the other way in the current turmoil," said Dr Hahn. Read more
Professor Julie Logan gave comments to City AM on why an MBA is essential for entrepreneurs. An MBA gives you "a raft of useful skills, like learning how to build a brand from the start and how to deal with the financial side of a firm," she said. "Even if you start a business in a team you still have to set your hand to everything." The article also featured a profile of Cass EMBA alumnus and entrepreneur, Susan Cooper. Read more
Visiting Professor Julia Hobsbawm spoke to the Independent on why networking should be taught in business schools. "We have a skills gap in this country," Hobsbawm said, "and a corporate culture that has evolved hugely in areas such as leadership, but far less fast in networking." She also authored an article for City AM on networking tips. Read more
The Financial Times carried comments by Professor Andrew Clare on the growing income inequality across the globe. Professor Clare said: "The solution to excessive inequality is relatively straightforward, but the ruling elite of such economies, usually supported by a compliant middle class, generally see no advantage to themselves in enacting the necessary policies." Read more
Professor Vince Mitchell was quoted in the Daily Telegraph and Scotsman on the WPP shareholder revolt over Sir Martin Sorrell's pay. He said: "Ironically, for a marketing agency used to listening and influencing customers, Sorrell seems to have missed the point that his customers - the shareholders in this case - don't think he's worth the money." Read more
- BBC Radio 4 Today interviewed Dr Peter Hahn and Professor Mohan Sodhi spoke to Sky News on the NatWest and RBS technical glitch (25 June)
- BBC Radio 4 talked to Professor Nikos Nomikos on shipping finance and economics (24 June)
- Dr Pete Hahn was interviewed on BBC Radio 4 Today, BBC World Business Report and BBC Radio 5 Live on Moody's downgrade of British banks (22 June)
- Professor Vince Mitchell spoke to BBC World Business Report on the WPP shareholder revolt (11 June)
Recent Media Highlights - May 2012
Cass Business School achieved a total of 180 pieces of print, broadcast and online media coverage in May 2012, including coverage on shareholder revolts, the Facebook IPO and passenger queues at Heathrow.
The Financial Times featured research by the M&A Research Centre which found that shares in UK companies holding onto excess cash for more than a year instead of spending it significantly underperform the wider market. Companies that failed to invest "excess" cash - the amount above the level companies need to operate normally - lagged behind the market by on average 9 per cent over the subsequent three years. Read more
Research by Professor Lucio Sarno which found that the carry trade, where investors borrow in low-yielding currencies and invest in higher yielding ones, delivers excess returns of more than five per cent a year was covered by the Wall Street Journal and Dow Jones. The study, which is the largest of its kind, analysed spot and one-month forward foreign-exchange rates for 48 currencies against the dollar between 1983 and mid-2009. Read more
A report co-authored by Professor Cathy Pharoah on the current state of UK corporate giving was covered by The Guardian, Third Sector, Civil Society and the Charity Times. The report showed cash donations from major companies to UK charities have fallen in recent years, as companies opt for in-kind donation instead. Read more
Comments by Professor Ajay Bhalla on Facebook's IPO were picked up by the Independent and the Daily Mirror. Professor Bhalla said: "Investors cannot bank on the current undisputed position Facebook commands in the social network world. The ability of Facebook to reinvent itself will depend not just on having a sticky customer base but also on its capacity to introduce new products." Read more
The Financial Times, New Statesman and Lloyd's List were among the outlets which covered the Onassis Prizes, awarded every three years by Cass Business School and the Onassis Public Benefit Foundation. Read more
- Visiting Professor Chris Roebuck spoke to BBC Radio 4's Today Programme on executive pay (25 May)Sky News interviewed Professor Ben Rickayzen about new actuarial research on weight to height ratios (12 May)
- Dr Pete Hahn was interviewed on ITV News and BBC1 News about the Aviva shareholder revolt (8 May) Dr Caroline Wiertz appeared on France 24 talking about her research on the 'Twitter effect' (1 May)
- Visiting Professor Stefan Stern was interviewed on BBC2's Newsnight about immigration queues at Heathrow (1 May).
Recent Media Highlights - April 2012
Cass Business School achieved a total of 183 pieces of print, broadcast and online media coverage in April, including coverage on James Murdoch's resignation, HSBC job losses and Cass research on life expectancy.
Professor Les Mayhew received global media coverage for his research which finds men could live as long as women by 2030. Among the outlets which covered the story were the Daily Telegraph, Mail on Sunday, The Express, The Sun, Le Monde and Corriere della Serra. Read more
Research by Professor Lucio Sarno on the risks and returns of momentum trading strategies in foreign exchange markets was featured in the Financial Times and Wall Street Journal. "We find large currency momentum strategies yield surprisingly high unconditional excess returns of up to 10 per cent per a year," he said. Read more
Research by Dr Caroline Wiertz which found that Twitter messages sent by cinema-goers influences the success of movies in their opening weekend was featured in the Financial Times. "Sentiment spread via Twitter immediately after a new movie's release systematically influences other consumers' decisions," she said. Read more
CFO Magazine featured research released by the M&A Research Centre in 2011 which found that most M&A deals add value, as opposed to the popular belief that they destroy it. Read more
Dr Sionade Robinson was widely quoted in an article by the Independent on how MBAs can help create a pipeline of talented women to redress boardroom imbalances. Read more
- Visiting Professor Chris Roebuck spoke to the Jeff Randall Show on what business leaders can learn from football coaches on 25 April
- Visiting Professor Giorgio Questa was interviewed by the BBC News Channel on HSBC job losses on 27 April
- On 20 April, BBC Radio 4 Today Programme, BBC Radio 5 Live and BBC World Service interviewed Professor Les Mayhew on his findings that men will live as long as women
- Professor Vince Mitchell appeared on Watchdog on 26 April talking about 99p stores
- Professor Ajay Bhalla was interviewed by BBC World Service TV and BBC News Channel on James Murdoch's resignation on 3 April
Recent Media Highlights - March 2012
Cass Business School achieved a total of 188 pieces of print, broadcast and online media coverage in March, including coverage on Cass investment banking research, a Cass lecture by Lord Adair Turner and executive pay levels.
Print and online coverage
The Economist featured research by Dr Andrey Golubov on whether it pays to hire top-tier investment banks. The study found that takeovers of listed companies negotiated by bulge bracket banks create greater value for shareholders. Read more
The Financial Times, Telegraph, Independent, Bloomberg, CNN and City AM were among more than 30 outlets to mention Cass in coverage of Lord Adair Turner's lecture at the School. His address was on the dangers of the shadow banking sector. Read more
The Guardian highlighted a new series of seminars being run by Cass the National Voluntary Council Organisation to get seven very senior women in the voluntary sector 'board ready' for non-executive roles on FTSE 100 boards. Read more
Financial News published a comment piece by Dr Manthos Delis on how the Troika can rescue Greece from its fate. He said: "Greece does not need another lecture in financial prudence, but clear objectives for structural reform." Read more
The Guardian ran comments by Professor Ajay Bhalla on the launch of a new Government consultation on handing investors extra powers to clamp down on executive pay. Professor Bhalla pointed to Cass research which shows that in recessions, employee-owned and family-owned firms were more likely to invest and hire workers, and less likely to retrench than large public companies that had to answer to shareholders' short-term demands. Read more
- Professor Philip Booth was interviewed on Radio 5 Live on 19 March regarding Royal Mail pensions and perpetual bonds on 14 March
- Visiting Professor Chris Roebuck was interviewed by CNN on 14 March on the Goldman Sachs letter. He also spoke to the BBC World Service, BBC News Channel and BBC World Business Report.
- Professor Ajay Bhalla spoke to BBC Asian Network Radio on 15 March about the impact of a negative economic outlook rating on small UK businesses.
- Dr Louise Ashley was a guest on Radio 5 Live on 14 March talking about part time working.
- Professor Cathy Pharoah talked about charitable giving on BBC Radio Somerset on 1 March.
Recent Media Highlights - February 2012
Cass Business School achieved a total of 201 pieces of print, broadcast and online media coverage in February, including coverage on the alleged LIBOR fixing scandal, Glencore's takeover of Xstrata and Facebook's proposed IPO.
Print and online coverage
Joint research by Cass Business School and the National Association of Pension Funds on "toxic" annuities was covered in the Financial Times, Telegraph, Independent, Guardian, Daily Mail, Express and BBC news online. The research found that private sectors workers are losing £1bn from their pensions because of "sharp practice and murky pricing" in the annuity market. Read more
Research co-authored by Dr Aneel Keswani on fund manager skill was covered by the Financial Times, FT Advisor, Pensions Age, Investment Europe, Total Investor and Reuters. The study found that mutual funds, banks and insurance companies perform worst when making investments in their own respective industries. Read more
Professor Cliff Oswick contributed a management perspective to an article by the Financial Times on the troubles facing the England rugby squad. He described the RFU management structure as "bureaucratic", "hierarchical" and "rules based". This may work in the civil service or police, he said, but it cannot deliver the "dynamic flexibility and change" needed by organisations with a high turnover of personnel, such as a rugby team. Read more
Italian national, Il Sole 24 featured research by Professor Veronica Hope-Hailey on employee engagement. The study showed that multinational enterprises have four different domains of engagement: job state engagement, organization state engagement, job behavioural engagement and organisation behavioural engagement. Professor Laura Empson was also interviewed by Expansion (the Spanish FT) after delivering a high profile lecture to over 300 people from Spain's legal industry. Read more
Professor Ajay Bhalla was quoted in The Observer discussing alternative business ownership models; the Wall Street Journal commenting on Facebook's planned IPO; and the FT advisor criticising the £1bn shortfall by UK banks in delivering Project Merlin. Read more
- BBC Radio 5 Live, Radio Liverpool and BBC News Channel interviewed Professor Vince Mitchell on the Government's Workfare scheme on 24 February.
- Dr Nick Motson was a guest on BBC Radio 4 Today Programme speaking about alleged LIBOR fixing on 17 February.
- Radio 5 Live spoke to Professor Joseph Lampel on BAE's financial results on 16 February.
- Professor Philip Booth talked to Sky News about Moody's threat to downgrade the UK's triple-A rating on 14 February. He was also interviewed by CBC on the Greece bail out on 21 February.
- Professor Michael Tamvakis spoke to BBC World Service Radio and BBC Radio 5 Wake up to money on the Glencore takeover of Xstrata on 7 February. He gave interviews on the same topic to BBC World Business Report on 6 February and BBC World Service TV on 2 February.
Recent Media Highlights - January 2012
Cass Business School achieved a total of 118 pieces of print, broadcast and online media coverage in January, including coverage on the RBS bonus row, the demise of Kodak and Cass research on the predictive powers of orderflow data in the stock market.
Print and online coverage
The Guardian ran a comment piece by Professor Veronica Hope Hailey on trust in business. The article followed the release of the annual Edelman Trust Barometer, which showed a breakdown of public trust in both government and business. Read more
Research co-authored by Professor Alessandro Beber on the predictive powers of orderflow data was featured in the Financial Times. The research found an investment portfolio based on buy and sell orders could beat the stock market by 40 per cent. Read more
Professor Gulnur Muradoglu spoke to the Financial Times about the FSA's plans to revamp financial regulation to make sure the right products are sold to the right people while Visiting Professor Bob Garratt also gave comments to the paper on the new regulatory powers due to be received by the Bank of England.
Professor Paul Palmer was quoted in the Guardian discussing the demand from NGOs for MBA graduates while Dr Barbara Casu Lukac also gave comments to the paper on how graduates can embark on a career in retail banking.
Dr Peter Hahn gave comments to the Financial Times on the growing trend towards 'disintermediation', with companies increasingly cutting out the banking middle men. Read more
- Dr Peter Hahn was a guest on Newsnight on 27 January discussing the RBS bonus row
- Visiting Professor Chris Roebuck was interviewed on BBC World Service TV and BBC News Channel on 20 January on the role bad leadership played in the demise of Kodak
- BBC News Channel spoke to Professor Ajay Bhalla on 17 January about the success of the John Lewis partnership model
- Visiting Fellow Julia Hobsbawm was a guest on BBC Radio 2 on 10 January discussing the art of networking
- CNN interviewed Professor Mohan Sodhi on 10 January after the HS2 rail project was given the go ahead
- Professor Philip Booth spoke to FT.com on 6 January about why banks hoard cash.
Recent Media Highlights - December 2011
Cass Business School achieved a total of 173 pieces of print, broadcast and online media coverage in December, including coverage on the FSA's RBS report, the effect of a eurozone default on the UK and Cass research on the benefits of M&A for the UK economy.
Print and online coverage
The Financial Times and the FT Adviser featured a study conducted by Cass Senior Researcher Anna Faelten which revealed mergers and acquisitions provide a short-term positive boost to the economy, challenging views that takeovers are damaging. Read more
Financial News quoted Professor Bob Garratt responding to the FSA report on the failure of RBS. He said: "The long overdue report…fails to tackle the issue of director and senior executive liability...The odd thing is that according to the report and the government's lawyers, no-one can be seen as accountable and liable. This is patent nonsense." Read more
Dr Pete Hahn was quoted in The New York Times commenting on new ways banks are choosing to restructure their debt in a bid to increase their capital levels. "This is totally new territory for banks," he said. "Firms are taking money from wherever they can find it as they restructure their capital base." Read more
Professor Scott Moeller spoke to the Financial Times about problems that can scupper M&A deals. "There isn't a deal where an element of hubris hasn't come into play," he said. The risk of over-reach, he added, can be mitigated by meticulous planning: "Proper integration can't take place without superior due diligence." Read more
The Financial Times interviewed MBA Programmes Director, Erica Hensens, on the expansion of Cass's MBA Women in Business Scholarship. The increase in scholarships comes alongside a 45 per cent rise in the number of women studying on the 2011 full-time MBA. Read more
Professor Nikos Nomikos was quoted in the Financial Times commenting on fears the current shipping slump could see owners under invest in shipping, leading to rising prices should one of the BRIC nations step up their imports in the future. Read more
- Professor Geoffrey Wood appeared on Sky's Jeff Randall Show on 21 December talking about the ECB and the eurozone
- BBC Today Programme interviewed Professor Philip Booth on 9 December about the effect on the UK of a eurozone default
- Professor David Blake was a guest on BBC World Service Radio discussing pensions in Europe on 8 December.
Recent Media Highlights - November 2011
Cass Business School achieved a total of 209 pieces of print, broadcast and online media coverage in November, including coverage on the Government's plans to impose more accountability on the Bank of England, the Italian debt crisis and executive pay reform.
Print and online coverage
Professor Ajay Bhalla was quoted in the Financial Times commenting on succession planning at Tata Group and on the run of UK companies issuing profit warnings. On the latter, he said the current warnings owe less to deteriorating conditions than to over-optimism, which has left some companies locked in to taking too much stock from their suppliers. Read more
A study by Professor David Blake which found wealthier employees are being shoehorned into unsuitable pension arrangements that expose them to too much risk when they are young, but invest much too cautiously as they hit retirement, was covered by the Daily Telegraph. Professor Blake was also featured in a cover article by Corporate Advisor magazine. Read more
Research by Professor Cathy Pharoah which found the largest 100 UK family foundations gave a total of £1.3 billion to charitable causes in 2009/10 - representing seven per cent of all UK giving - was featured in the Huffington Post, Third Sector and Civil Society Media. Read more
A study by Dr Sonia Falconieri warning that new rules banning M&A break fees could damage competition in takeovers and result in poorer deals for shareholders was mentioned in The Independent, Financial News, Reuters and the Evening Standard. Read more
Dr Pete Hahn was quoted by the Financial Times commenting on the Government's plans to impose more accountability on the Bank of England. Read more
- Professor Philip Booth spoke BBC Radio 5 Live about the public sector strikes on 28 November and to Sky News on the Italian debt crisis on 10 November
- Visiting Professor Chris Roebuck was interviewed on Sky's Jeff Randal Show and the BBC News Channel about executive pay on 28 November
- Professor Chris Rowley talked to China Radio International about business sustainability in APEC countries on 9 November
- Professor Giorgio Questa was a guest on BBC Radio 5 Live on 4 November commenting on the RBS results
- Professor Ian Marsh spoke to BBC Radio 5 Live and BBC Radio 2 on the EU proposals for a Tobin Tax on 2 November.
Recent Media Highlights - October 2011
Cass Business School achieved a total of 396 pieces of UK broadcast, print and online media coverage in October 2011, including coverage on the downgrade of UK banks, the eurozone summit meeting and the recapitalisation of EU banks.
Print and online coverage
Professors Clive Holtham, Ajay Bhalla and Steve Thomas were featured in the Sunday Times commenting on Amazon's fight with iPad, the closure of Business Link and the value of studying for an MBA, respectively. Read more
Senior Lecturer Manthos Delis was quoted in the Independent after the ratings agency Fitch downgraded Lloyds TSB and RBS. He said: "There is always a possibility that a forecast becomes self-fulfilling and spreads to the economy. We must understand that a downgrade by one basis point should not imply grave danger for British banks, but it should be taken as a wake-up call for action." Read more
The Financial Times spoke to Senior Researcher Anna Faelten on the growing trend for demergers. "It is not surprising that we are seeing more demerger activity," she said. "In these uncertain times, many companies will look to refocus their strategy from growth to optimising value from existing businesses," she said. Read more
Coverage of The Sir John Cass's Foundation Lecture delivered at Cass Business School by Katharine Birbalsingh was featured in the Daily Telegraph, Guardian, Huffington Post and Daily Mail. It also appeared in more than 130 local papers, via the Press Association. Ms Birbalsingh claimed children are growing up ignorant of facts as schools fail to teach basic knowledge. Read more
Professor Cliff Oswick was quoted in the Daily Telegraph responding to a report which recommended the Government scraps the unfair dismissal law to allow employers to sack underperforming workers more easily. Professor Oswick said it's providing a solution to a problem that doesn't really exist. "Actually, the real slackers that are underachieving are easy to deal with because it is so obvious they are falling behind. It's harder to deal with people that are falling just short of the requirements and that's where the law isn't relevant. Managers have to get better at managing," he said. Read more
- Sky New spoke to Professor Philip Booth on 27 October about the deal struck at the eurozone summit meeting
- Dr Pete Hahn was a guest on BBC Radio 4 Today programme and BBC 10 o'clock News on 13 October discussing the recapitalisation of banks
- Professor Ales Cerny was interviewed on BBC Breakfast, BBC Radio 4 Wake up to Money, BBC World Service Radio Newshour and BBC TV News Channel on 11 October about the Slovakian EFSF vote
- ITN TV News spoke to Professor Geoffrey Wood on 7 October regarding Moody's downgrade of UK banks
- Voice of America interviewed Professor Ajay Bhalla following the death of Steve Jobs.
Recent Media Highlights - September 2011
Cass Business School achieved a total of 365 pieces of UK broadcast, print and online media coverage in September 2011, including coverage on the Vickers' banking reforms, the UBS rogue trader incident and UK M&A activity being hit by worries over the euro.
Print and online coverage
Insights from Cass academics on the UBS rogue trader incident appeared in the Financial Times, Wall Street Journal, Washington Post, New York Times, The Australian, The Economist, Huffington Post, Reuters, Bloomberg, City AM and the Daily Mirror. Visiting Professor Chris Roebuck, Dr Pete Hahn, Dr Sonia Falconieri, Professor Ajay Bhalla and Visiting Professor Giorgio Questa all provided comment. Read more
Dr Peter Hahn spoke to the Daily Telegraph about the Vickers report on UK banking reform. He said: "Since 2007 the regulatory world has changed dramatically, stalwart sovereign credits have become new risks, the old risks haven't gone away, the market has changed its long-term view of providing equity to banks, and technology on the way could substantially hit bank profits - I just wonder if we're still trying to fix yesterday's problem?" Read more
Professor Scott Moeller spoke to the Financial Times about the ongoing uncertainty around the future of the euro which is creating a stumbling block for M&A dealmaking. "Deals do get pulled because of currency volatility. They can also be accelerated if the currency moves in a favourable way," said Professor Moeller, founder of the M&A Research Centre at Cass. Read more
Research co-authored by Professor David Blake which suggests rational investors should not start saving into a defined contribution pension scheme until they reach 35 was featured in the Financial Times. Read more
Comments by Professor Ajay Bhalla on Amazon's new touch screen tablet computer to rival Apple's iPad were featured in The Guardian and Daily Mail. Professor Bhalla said: 'Amazon has not got the pricing right. Consumers are smart and there is plenty of choice in this market." Read more
- Professor Philip Booth was interviewed on BBC Newsnight on 27 September on the eurozone bailout
- Simon Hayley was a guest on American Public Radio on 22 September talking about the US Operation Twist policy designed to lower long-term interest rates
- On 15 and 16 September, Visiting Professor Chris Roebuck spoke to ITN News, Swiss National Broadcaster, BBC News, BBC News Channel, BBC World Service, BBC Asia and Al-Jazeera about the UBS rogue trader incident
- Professor Vince Mitchell talked to BBC Watchdog on 16 September regarding the Airmiles scheme changing to Avios
- Dr Pete Hahn appeared on CNN, BBC Radio 4 and Sky News commenting on the reforms laid out in the Vickers report on 12 and 13 September
Recent Media Highlights - August 2011
Cass Business School achieved a total of 174 pieces of UK broadcast, print and online media coverage in August 2011, including coverage on the European short-selling ban, the US credit rating downgrade and turbulence in the world financial markets.
Print and online coverage
Research co-authored by Professor Alessandro Beber on the impact of short-selling restrictions was featured in The Financial Times, The Independent, The Guardian, The Telegraph and the Daily Mail. He said: "According to our study, the knee-jerk reaction of most stock exchange regulators around the globe had a severely damaging effect on market liquidity." Read more
Professor David Blake spoke to The Financial Times about the increasing prices of "trophy" real estate assets, which have risen so high that yields are barely keeping up with inflation in some developed economies. Professor Blake said: "It's easy for funds to go overweight on these asset classes, because risk is being underestimated as a result of poor pricing transparency." Read more
Dr Richard Payne was quoted in The Telegraph, Reuters and CNBC online responding to the decision by European countries to extend a ban on short-selling. He argued that the move was an attempt to deflect attention away from the failures of European politicians to come up with convincing solutions to the financial crisis. Read more
The Financial Times reported comments by Professor Geoffrey Wood on Standard & Poor's decision to downgrade the credit rating of the US. "I don't see why rating agencies rate countries that are fully sovereign like the US and UK," he said. "If you are fully sovereign, you can inflate away your debt." Read more
Professor Andrew Clare was quoted in The Financial Times about UK corporate deleveraging since the financial crisis which has see the country's biggest listed companies reduce their overall debt burden by £57bn during two years. "Each company can make a good case to tidy up its balance sheet," said Professor Clare. "But once you aggregate that up, you've got a significant lack of demand coming from the UK corporate sector. If they all keep doing it, alongside households and governments, you end up with a Japanese-style lost decade." Read more
Professor Joseph Lampel spoke to The Sunday Times about the resignation of Steve Jobs from Apple. "Jobs was not a traditional chief executive," said Professor Lampel. "He is such a complex and contradictory character that most criteria do not apply to him. He went against what everybody accepted as financial economic realities and showed them to be wrong."
- Senior researcher Anna Faelton was a guest on BBC Radio 5 Wake up to Money and BBC Radio 4 Today programme talking about hostile takeovers on 29 August
- Dr Richard Payne talked to BBC Radio Wales on 26 August and BBC Radio 5 Live on 12 August about short-selling restrictions
- Professor Michael Tamvakis was interviewed on BBC Radio 5 Live Wake Up to Money about Glencore's results on 25 August
- Guy Fraser-Sampson was a guest on Sky News, Sky Live at Five and BBC News Channel commenting on the turbulence in the financial markets on 19 August
- Professor Geoffrey Wood spoke to Radio 5 Live on 5 August about what a stock market crash would look like for the man on the street
Print and online coverage
Cass Business School achieved a total of 187 pieces of UK print and online media coverage in July 2011, including coverage on the reliability of credit rating agencies, the deadlock over US debt and bank stress tests.
Research by Professor Cathy Pharoah which reports charity donations have dropped by £70million was featured in The Independent, The Daily Mail, Management Today and Third Sector. Read more
Professor Geoffrey Wood spoke to the Financial Times about the reliability of credit ratings agencies after a series of sharp downgrades caused a backlash by European governments. "It is the traditional strategy of 'kill the messenger'," he said. Read more
The Daily Telegraph, The Times and The Financial Times reported on the Mais lecture held annually at Cass which was delivered by the former Chairman of the US Federal Reserve, Paul Volcker. Read more
The Sunday Times, The Scotsman, and Evening Standard covered new corporate governance research from Professor Chris Parsons and Visiting Professor Anthony Fitzsimmons commissioned by Airmic. The research argues boards have contributed to corporate failures because non-executive directors lack the skills or information to understand the risks facing their companies. Read more
Professor Ajay Bhalla spoke to Sky News about the impact of the phone hacking scandal on Rupert Murdoch's media empire. He clamed it is too early to forecast the end of the dynasty. "Research has shown that family ownership creates long term value, especially when the founder serves as CEO of the family firm or as chairman with a hired CEO," he said. Read more
- Professor Stefan Szymanski was a guest on Sky News and Bloomberg TV on 27 July discussing the economic benefits of the Olympics
- Sky's Jeff Randall Show interviewed Professor Philip Booth on 26 July about the deadlock over the US debt ceiling
- BBC Radio 4 Today programme spoke to Visiting Professor Anthony Fitzsimmons about the Airmic commissioned research on corporate governance on 23 July
- Dr Pete Hahn spoke to BBC Radio 4 Today programme about bank stress tests on 15 July and UK bank exposure to Italian debt on 13 July
- Professor Joseph Lampel was interviewed by BBC World Service TV and Al-Jazeera on 18 July about the phone hacking scandal.
Print and online media
Cass Business School achieved a total of 175 pieces of UK print and online media coverage in June 2011, including coverage on government plans to split bank retail and investment functions, Glencore's first revenue results and Cass research on behavioural finance.
Professor Eshan Razavizadeh spoke to The Independent about the shortage of MBA programmes that include electives on Islamic finance. He explained Cass's Executive MBA is the first in the world to include a specialist stream on the subject. "The Islamic banking elective demonstrates Islamic finance in a holistic fashion in the context of modern and global financial systems of which it is an increasingly important part," he said. Read more
The Times, Financial Times and Financial News reported on research by The Behavioural Finance Working Group, led by Professor Gulnur Muradoglu, which found making financial decisions based on emotional reasons can lead to 'overtrading' and cost wealthy investors nearly 20% in returns over a 10-year period. Read more
Dr Pete Hahn authored a letter to the Financial Times criticising the view of some bankers that an EU wide rule on higher capital levels would prevent the UK from adding expensive additional requirements, a process known as 'gold plating'. He said: "A term too often used, "gold plating" has the ring of cheap and unnecessary; it isn't gold and must be wasteful. The use of such terms demeans or distracts from an argument before it begins." Read more
The Financial Times carried a feature on the advantages of studying a masters in finance at Cass Business School. Nicholas Motson, lecturer in finance, said: "One of the key reasons we have built such a strong reputation as a leading business school is our success at placing students from our MSc programmes in financial services firms." Read more
Professor David Blake explained to CNN Money why annuities generate a higher level of sustainable income. Some people who buy annuities die before life expectancy while others live longer. "The insurer is essentially passing along money that would have gone to the people who die early to those who are still alive," said Professor Blake. "That amounts to an additional return."
- BBC Radio 4 spoke to Dr Pete Hahn on the Greece debt crisis on 20 June
- Professor Cathy Pharoah appeared on BBC Radio 4 You and Yours on 16 June to discuss charities and government spending cut
- Dr Alistair Milne was interview on BBC Radio 5 Live Breakfast, Radio 4 Today Programme and BBC World Breakfast on 15 June discussing the government's plans to split bank retail and investment functions. On the same topic, Professor Geoffrey Wood spoke to Sky's Jeff Randall Show on 14 June, and to BBC News Channel on 15 June, while Professor Philip Booth appeared the same day on Channel 4 News.
- Professor Michael Tamvakis talked to BBC 5 Live Money Talks, BBC Radio 4 Today Programme and BBC World News about Glencore's first revenue results on 14 June.
- Professor Stefan Szymanski appeared on Newsnight to discuss the reinstatement of the Bahrain FR grand prix on 2 June
Print and online media
Cass Business School achieved a total of 179 pieces of UK print and online media coverage in May 2011, including coverage on hedge fund research conducted by Cass, Glencore's IPO announcement and the Greek debt crisis.
Research from Visiting Professor Charles Baden Fuller which found hedge fund gossip can lead to diminished returns for investors was published in the Financial Times. "Gossip can have a negative value, especially if one takes into account the effort needed to filter the good gossip from the bad," said Professor Baden-Fuller. Read more
The Guardian and Bloomberg featured reaction from Professor Michael Tamvakis to Glencore's IPO announcement. Professor Tamvakis said: "By attracting big international investors with interests in commodities from one side of the world to the other, Glencore is advertising its potential for future growth and expansion. It's a tremendous vote of confidence." Read more
Cass Business School was mentioned in the Financial Times, FT Asia, FT USA and FT Middle East following a speech at the School by European Union Competition Commissioner Joaquín Almunia. Mr Almunia warned banks, traders and other financial players that Brussels plans to combine tough anti-trust scrutiny with its drive for stronger regulation. Read more
The Independent published a letter by Dr Simon Hayley arguing that, while the restructuring of Greek government debt is inevitable, the country is unlikely to leave the EMU. "A cheaper currency would boost Greek competitiveness, but far from curing Greece's financial problems it would exacerbate them," he said. Read more
Visiting Professor Bob Garratt spoke to the Financial Times about the corporate governance of the Bank of England. "What you need is a very good 'dashboard'," he said. "This is where you have indicators that are updated monthly - often ratios or trend lines - that are the key indicators of performance. This drives chief executives mad but that is what a board is supposed to do." Read more
- Dr Pete Hahn was interviewed on BBC2 Business Nightmares on 9 May regarding the RBS and ABN AMRO deal
- BBC Radio 4 Today programme and BBC Radio 5 Live spoke to Dr Pete Hahn on 6 May after RBS was cleared of wrongdoing in the run-up to the financial crisis
- BBC Radio 4 Today programme featured Professor Michael Tamvakis talking about the Glencore IPO on 4 May
- Professor Meziane Lasfer spoke to France Culture on 4 May on the impact of the Arab revolutions on business in North Africa
- American Public Radio featured Professor Stefan Szymanski on 3 May talking about illegal Asian betting rings in Premiership football.
Print and online media
Cass Business School achieved a total of 197 pieces of UK print and online media coverage in April 2011, including coverage on the Independent Commission on Banking's interim report, the gender imbalance on MBA courses and the production challenges facing royal memorabilia makers.
Dr Alistair Milne authored an opinion piece in The Times and Dr Pete Hahn was quoted The Guardian and Independent commenting on the Independent Commission on Banking's interim report on the future of UK banking. Dr Hahn said: "Perhaps the fact banks are leading the FTSE 100 today is the best interpretation of the ICB report - the market believes nothing is likely to happen soon, if at all."
Professor Mohan Sodhi was quoted in The Observer after Honda warned it may halt production at its plant in Swindon. Professor Sodhi said: "There has been an aftershock in car manufacturing that mirrors the aftershocks from an earthquake. They may be smaller, but they are still significant."
Dr Sionade Robinson and Dr Julie Verity were both featured in an article by The Independent examining gender imbalance on MBA courses. Dr Robinson said the case for increased female representation on both MBA courses and at board level is a business issue, not an equality one. "A lot of people are reflecting on the financial crisis and whether that would have been handled differently had more women been involved at higher levels," she said. "Women evaluate risk in different ways, and debate things more broadly."
Professor Lilian de Menezes spoke to the Financial Times about the production challenges facing Royal memorabilia manufacturers. Professor de Menezes said: "There is always uncertainty. But you can lessen that by trying to quantify the range of demand. Ask outlets for the range they predict for demand rather than an estimate."
The Times carried an opinion piece by Professor Stefan Szymanski arguing that American cash will keep the Premier league on top of the world, but may ultimately come at a price for fans. He said: "What should really worry fans is the risk of strikes. Ironically, the long-term blight on American sport is what we would normally consider a European disease."
- Visiting Professor Chris Roebuck featured on BBC London Tonight on 18 April talking about the threat by banks to move abroad.
- The Canadian Broadcast Service interviewed Professor Stephen Lee on Princess Diana's legacy on 15 April.
- Dr Pete Hahn spoke to BBC Radio 5 Live, Channel 4 News and Sky News "Jeff Randall Live" about the ICB report on 11 Apri
- Professor Mohan Sodhi was a guest on Sky News "Jeff Randall Live" on 4 April discussing supply chain and the British car industry.
- Professor Michael Tamvakis appeared on American Public Radio on 1 April talking about the economics of bio-fuels.
Print and online media Cass
Business School achieved a total of 147 pieces of UK print and online media coverage in March 2011, including coverage on the Yen currency crisis, the impact of the Japan earthquake on manufacturing and FSA Chairman Lord Turner's recent lecture at Cass.
Professor Geoffrey Wood authored an article in the Wall Street Journal criticising the G-7's coordinated currency intervention to stabilise the Yen. Professor Wood said: "By stopping the natural appreciation of the yen, developed-economy finance ministers are robbing Japan of the chance to find some stability after the Tohoku earthquake." Read more
Bloomberg Business Week published an article by Professor Laura Empson on the conflict for business school academics between academia and consultancy. Professor Empson said: "There is a fundamental divide between management researchers and management practitioners, and that divide has grown greater as performance pressures on academics and business schools have increased." Read more
Professor ManMohan Sodhi spoke to The Guardian on the disruption to Japanese manufacturing following the recent earthquake and tsunami. Professor Sodhi said it was essential to safeguard the delivery of components since even one missing part could hold up production. "Each part is necessary, especially in the car industry, which requires lots of parts. If any one of them is missing, such as a screw in a brake part, it can block production," he said. Read more
Visiting Lecturer Lord Adair Turner was quoted extensively in several papers, including the Daily Telegraph, Financial Times (US and UK), New York Times, Guardian and Independent, after delivering his annual lecture on UK banking regulation at Cass Business School. Speaking in his role as Chairman of the Financial Services Authority, Lord Turner said there is no "silver bullet" to prevent a future financial crisis. Read more
Nick Badman was quoted in The Sunday Times commenting on the growing trend of crowd-sourcing and the opportunities it offers to entrepreneurs. Mr Badman said: "What the internet does is radically redefine the concept of community, so instead of it just being a bunch of people in your village, you can be part of a much bigger community. Crowd sourcing is going to be a big thing over the next few years."
- Professor Philip Booth previewed the Budget on Radio 5 Live on 23 March.
- BBC Radio 4 "You and Yours" interviewed Professor Ajay Bhalla about the pitfalls of investing abroad on 18 March.
- Professor Michael Tamvakis was a guest on BBC Radio 4's "Today" programme discussing the commodities crisis in Africa on 15 March.
- BBC World Service "The Forum" featured Professor Cliff Oswick on 12 March talking about meeting the challenges of the unknown.
- Chris Roebuck appeared on BBC 1 Evening News on 7 March commenting on Bob Diamond's bank bonus.
Print and online media
Cass Business School achieved a total of 203 pieces of UK print and online media coverage in February 2011, including coverage on stalling charity donations, the government's deal on bank bonuses and the increase in bank levy rates.
Research conducted by Professor Cathy Pharoah, together with the University of Bristol, was featured in the Financial Times and Guardian. The research reveals that fewer people are opening their wallets than 30 years ago, with younger generations, in particular, reluctant to give generously. Read more
Dr Alistair Milne was quoted in the Wall Street Journal responding to the government's deal with banks that will see bonuses cut, lending to small business increased and the salary of the highest paid executives made public. Dr Milne described the deal as "70 per cent political theatre". Read more
City AM interviewed Professor Geoffrey Wood after George Osborne increased the levy on banks by £800m to £2.5bn. Professor Wood described the unpredictability of the tax regime as "unhelpful". He said: "It simply makes the conduct of business more difficult, and banks more likely to hold more reserves, instead of lending; makes them be more cautious." Read more
Research by Professor Stefan Szymanski showing that the more football clubs spend on players and their wages, the more points they win over the season, featured in the Daily Express. The study proves that the amount of money clubs have, not the expertise of their managers and coaches, is the key to successful campaigns. Read more
Senior Visiting Fellow Debbie Harrison authored an article in the Financial Times warning frequent job-changers in the private sector will not benefit from the new auto-enrolment pensions regime unless the government and regulators close loopholes currently exploited by employers, their advisers and pension providers. She said: "The DWP would do well to note that while it has a vested interest in the pensions of job changers, employers do not." Read more
- Professor Joseph Lampel responded to BP's share results in an interview on BBC Breakfast and BBC Radio 5 Live on 1 February.
- Professor Stefan Szymanksi was a guest on BBC Radio 2 and BBC Radio 5 Live discussing football transfer spending on 5 February.
- ITV News spoke to Professor Philip Booth on 8 February about the government's bank levy increase.
- Sky News interviewed Professor Geoffrey Wood on 24 February on the Royal Bank of Scotland's financial results.
- Dr Pete Hahn appeared on BBC Radio 4 on 25 February speaking about banking issues.
Print and online media
Cass Business School achieved a total of 137 pieces of UK print and online media coverage in January 2011, including coverage relating to bank bonuses, the future of the Euro and research on the importance of golden parachutes.
The Sunday Times carried an article written by Visiting Professor Bob Garratt in which he condemns UK corporate governance in its current form as a "dangerous sham". "Corporate governance tends to be seen only as a tick-box exercise to be completed once a year before organisations get on with the "real" work of managing," he said. Read more
Research by Dr Anh Tran examining the impact of golden parachutes on merger prices was featured in The Times and New York Times. According to the study, chief executives with over-generous severance pay arrangements sell out significantly more cheaply when weighing up a takeover bid. Dr Tran said: "Our results show that as CEOs become more insulated from personal losses due to relatively larger parachutes, shareholders obtain less favourable acquisition terms." Read more
Dr Peter Hahn authored a letter to the Financial Times insisting the only way to end the conflict over bank bonuses is for politicians to exit the banking system. "Taxpayers didn't take ownership of banks as an investment strategy and it is foolish to hold such a strategy now," he said. "Owning banks and criticising banks is only likely to make the government and taxpayers look more foolish and become more frustrated." Read more
The Guardian asked Professor Joseph Lampel whether some CEOs are irreplaceable after Apple announced Steve Jobs was taking further medical leave. Professor Lampel said: "During the past 20 years shareholder value has been the measure of a great CEO. A great CEO is exceptional not only in terms of [share] performance but also in terms of new products, entering new markets, transforming the organisation and enthusing it with attitude." Read more
An article co-written by Professor Philip Booth suggesting the Euro should be made a competing common currency and not a monopoly single currency ran in the Wall Street Journal. "The treaties should be amended to allow any euro-zone government to make any other currency it wishes legal tender alongside the euro-including a new local currency, privately issued currencies, sterling or even the dollar," he said. Read more
- BBC Radio 4 spoke to Professor Vince Mitchell on 6 January about social media driving changes in marketing.
- Visiting Professor Chris Roebuck was a guest on BBC Radio 5 Live on 10 January discussing the regulation of bank bonuses.
- BBC Radio 4 interviewed Professor Michael Tamvakis on 14 January about the British shipping industry.
- Channel 4 News featured an interview on 17 January with Professor Joseph Lampel discussing the impact on Apple of Steve Jobs' medical leave.
- Sky News interviewed Professor Geoffrey Wood on 18 January about inflation and its impact on UK interest rates.
Print and online media
Cass Business School achieved a total of 289 pieces of UK print, broadcast and online media coverage in December 2010, including coverage on research into the employment practices of law firms, alternative methods of paying for elderly care and new ways to improve the return on Local Government Pension Schemes.
The Observer, Evening Standard and Management Today reported on research by Dr Louise Ashley which found that elite law firms are rejecting well-qualified, working-class job applicants because they do not look or sound "smart" enough. While outwardly embracing the concept of diversity, the firms still select middle-class graduates from elite universities who better suit their image. Read more
A report in the Daily Telegraph quoted research by Professor Les Mayhew and Dr Ben Rickayzen on a range of financial products which could be created by the private sector to help people pay for long-term care in old age. "These products may ... lift some of the future burden from the taxpayer as the population ages," Professor Mayhew said. Read more
Dr Peter Hahn appeared in the New York Times commenting on a $3.8 billion swoop by PepsiCo for a stake in the Russian dairy and juice maker Wimm-Bill-Dann Foods. In assembling their deal both companies picked American investment banks to advise them. He said the deal "in a certain way questions the international capacity of the Russian investment banks." Read more
Research by Professor Andrew Clare which argues that Local Government Pension Schemes could improve their funding levels by adopting a multi-asset class model popularised by the Yale endowment was featured in The Financial Times. "Rather than being faced with additional contributions over a long period, a scheme could potentially reach full funding by 2022 - six years earlier than if using an equity and bond allocation," Professor Clare said. Read more
Dr Alistair Milne spoke to The Guardian about the challenges facing banks in the New Year. The Bank of England's special liquidity scheme is due to run out in January 2012 and Dr Milne is concerned that without the assistance "banks will be in deep trouble". "The key issue for the banks is that they rely on wholesale money and so little on deposits," he said. Read more
Broadcast media coverage
- Sky News, Channel 4 and Bloomberg interviewed Professor Stefan Szymanski on 2 December about the outcome of England's World Cup 2012 bid.
- Dr Alistair Milne was a guest on BBC Radio 2 on 7 December discussing Eric Cantona's campaign to bring down French retail banks.
- ABC Radio in Australia spoke to Professor Joseph Lampel on 5 December about the Qantas A380 engine explosion.
- Professor Philip Booth appeared on China International Radio on 13 December talking about the economic impact of the coalition government's cuts.
- Jeff Randall on Sky News interviewed Honorary Visiting Professor, Chris Roebuck, on 20 December about bank bonuses.
Cass Business School achieved a total of 187 pieces of UK print and online media coverage in November 2010, including coverage on the Irish government's economic bailout, the Qantas A380 engine failure and the risks of chasing market performance.
Professor Geoffrey Wood was a signatory to an open letter to Ben Bernanke published in the Wall Street Journal and New York Times. The letter, signed by a group of highly esteemed academics, urged the US Federal Reserve chairman to abandon plans for a fresh round of quantitative easing. He also authored an opinion piece in the Wall Street Journal regarding the economic crisis in Ireland and the impact on the EU. He said: "At some point the markets will question the stability of the whole Euro project… Either the union will end (or contract to a core) or there will be sudden political and fiscal centralization." Read more
The Financial Times reported on research by Professor Cathy Pharoah which showed charitable giving by Britain's wealthiest families stalled last year. She said: "There has not been such a strong emphasis on private philanthropy because of the public funding of welfare." Read more
Professor Joseph Lampel spoke to The Guardian and The Times warning of a potential backlash against Rolls Royce following the Qantas A380 engine explosion. He said: "The news [of Thursday's emergency landing] is attracting a lot of attention in North America, where the parallels between BP and Rolls-Royce are not too far from the mind of some observers." Read more
The Daily Telegraph and The Financial Times featured a study by Professor Andrew Clare which found that UK investors are losing an average 1.2 per cent a year because of market timing errors. His research shows that investors who try to chase the market for short-term gains can risk losing out. Read more
Professor Peter Hahn and Professor Andrew Clare were quoted extensively by The Guardian and Daily Mail in response to Ireland's economic crisis. Professor Geoffrey Wood also authored a column for the Wall Street Journal on the Irish bailout, saying: "If the problem was too much debt, how can taking on more help". Read more
Broadcast media coverage
- CNN International interviewed Professor Joseph Lampel on 8 November about the Qantas A380 engine failure.
- BBC Radio 4 ran a special two-part series called "The New MBAs" on 15 November about business schools teaching ethics in response to the Crash of 2008. The programme featured extensive interviews with Dean Richard Gillingwater, Professor Paul Palmer, Dr Chizu Nakajima, Dr Paul Dobson and Professor Roger Steare.
- Honorary Professor Chris Roebuck was a guest on BBC News Channel on 15 November speaking about banks negotiating a deal to reduce bonuses.
- Jeff Randall on Sky News interviewed Professor Philip Booth on 17 November and Professor Geoffrey Wood on 23 November about Ireland's economic crisis.
- Professor Stefan Szymanski appeared on BBC One Breakfast discussing football finance on 22 November.
Print and online media
Cass Business School achieved a total of 169 pieces of UK print and online media coverage in October 2010, including coverage relating to research into planned government pensions reforms, bank regulation changes and Goldman Sachs bonuses.
The Daily Telegraph interviewed Nick Badman, Chair of the Peter Cullum Centre for Entrepreneurship, about the quality of support universities can provide to businesses. He said:"If you look at what happened to business support over the past decade or so my personal view is most of the money has been wasted." Read more
Dr Peter Hahn authored a letter to the editor of the Financial Times in which he commented on changes in banking. He said: "Regulators, whether directly or indirectly (and I think undesirably), are taking over the roles of shareholders." Read more
A feature in The Sunday Times focusing on the UK budget cuts quoted Professor Geoffrey Wood. He said he believes the public sector has become so bloated that the coalition's cuts should not be difficult. "They [Labour] were pouring money in promiscuously. Remember the cuts are being taken over four years, so it is a fairly slow process. There is no reason it should not be achievable." Read more
Honorary Visiting Professor Chris Roebuck was quoted in The Guardian responding to the row about bankers rewards. He said banks would take whatever steps they deemed commercially necessary to retain staff. "These are the tricks of the trade." Read more
Professor Les Mayhew, was quoted in the Financial Times saying that rising life expectancy alone does not automatically translate into longer working lives. In a 2009 study, he concluded that "healthy" life expectancy is rising more slowly than life expectancy in general and that greater investment in healthcare - or one-off measures such as banning cigarettes - may do more to keep people in the workforce longer Read more
- Dr Peter Hahn was a guest on the "Today" programme on BBC Radio 4 on October 14 discussing the Banking Commission report.
- Sky News featured an interview with Professor Stefan Szymanski on October 15 regarding the release of London 2012 Olympics tickets.
- Professor Philip Booth discussed the UK Government's Comprehensive Spending Review on "Jeff Randall Live" on Sky News on October 20.
- Dean Fathers was interviewed for BBC Radio Wales on October 21 about Social Care and the Big Society
Print and online media
Cass Business School achieved a total of 127 pieces of UK print and online media coverage in August 2010, including coverage of research into the success of employee-owned businesses, the ascension of Bob Diamond to CEO of Barclays and UK pension reforms.
In the Financial Times, Professor David Blake said his research into the UK government's plans to scrap compulsory annuitisation of pension savings risked creating a "mis-selling scandal" involving vulnerable elderly people. Read more
Research from Dr Ajay Bhalla and Professor Joe Lampel into employee owned firms was quoted extensively in reference to the recent business successes of the John Lewis Partnership and Blackwells bookshop. Amongst the media outlets which quoted this research was The Observer, the Financial Times, The Daily Mail and Management Today. Read more
Dr Peter Hahn was quoted by the New York Times in response to the appointment of Bob Diamond as new CEO at Barclays Bank. He said: "It's not often that you see an executive who can actually lead and build a consensus, and Bob can… On the other hand, does he have the sensitivities of what the political issues are going to be?" Read more
Professor Joe Lampel proposed to the Financial Times that each financial innovation should be audited and tested by an independent financial agency and then monitored. He said: "No one would dream of allowing a pharmaceutical company to bring on to the market a product with potentially life-threatening side effects without independent oversight," he says. "The same should be true of equally dangerous financial products."
Scott Moeller, Director of the M&A Research Centre (MARC) spoke to Bloomberg about Citigroup's recent loss of market share in European investment banking. He said: "The bank that is haemorrhaging senior relationship managers shouldn't be surprised that the relationships will travel with them." Read more
- Dr Peter Hahn was interviewed for BBC Radio 4's "Today" programme on September 13 about the new Basel III banking regulations
- Dr Alistair Milne appeared on "Jeff Randall Live" on Sky News on September 13 discussing the UK economic outlook.
- Professor Vince Mitchell was interviewed by BBC One's "Watchdog" programme on September 16 for a feature on the issue of misleading beauty advertising.
- Professor Philip Booth also appeared on "Jeff Randall Live" on Sky News on 21 September discussing the public sector borrowing figures
- Professor Joseph Lampel was a guest on France 24 for "The Debate" on 22 September.
Print and online media
Cass Business School achieved a total of 153 pieces of UK print and online media coverage in August 2010, including coverage relating to the consequences of scrapping compulsory annuitisation, retrospectives on the third anniversary of the credit crunch, and the Bank of England's quarterly Inflation Report.
In the first part of a major joint research project with the Prudential, Professor David Blake examined the impact of the coalition Government's controversial plans to scrap compulsory annuitisation. He explained to the Financial Times: "It will not be long before [defined benefit] scheme members will demand a lump sum from their pension, then fund sponsors will have to find the cash immediately rather than in much smaller amounts over a long period of time…This is going to be a big issue and the government is starting a huge tsunami." Read more
The Daily Mail reported expectations that the Bank of England would slash its growth forecasts at its quarterly health check on the British economy on 11 August. Andrew Clare, Professor of Asset Management, said: 'The Bank has been significantly overpredicting growth and underpredicting inflation.' Read more
Dr Alistair Milne, reader in banking and finance, spoke to The Observer about whether financial reforms have addressed the fundamental problems which caused the economic meltdown of 2007, suggesting that the UK could be in for 25 years of stagnation. He said: "When you get to the root of it, the crisis was not about the banks, it was the result of credit-driven growth. That we all feel wealthier because we are borrowing bigger mortgages and house prices are going up is misguided. A country gets rich by producing things…It wouldn't have mattered if banks hadn't been gross risk-takers, this way of doing business would still have come to a shuddering halt. And no one has really addressed it. The world has fundamentally changed…" Read more
Professor Philip Booth, Professor of Insurance and Risk, authored a column in The Daily Telegraph calling for less banking regulation. He said: "But, instead of binding banks up with red tape, we should encourage them to regulate their own behaviour. At the moment, self-regulation does not work because of the way the state underwrites risk in the banking system." Read more
The Financial Times featured a column about fundraising in the UK and internationally and quoted Professor Cathy Pharoah, Co-Director of the Centre for Charitable Giving and Philanthropy, who said: ""Giving is very much part of the culture in the US… and it has quite a broad base, much of it tied in to religion. People give to their church and, through their church, to other good causes. There is quite a lot of local fundraising, but it's less noticeable because of the huge sums that go in." Read more
- Professor Geoffrey Wood was interviewed by Sky News on 11 August, discussing the UKL inflation report.
- Professors Cathy Pharoah and Paul Palmer were featured on BBC Three Counties Radio and BBC Radio 5 Live on 11 and 23 August with comment on the floods in Pakistan, and public giving in response to natural disasters.
- Dr Alistair Milne appeared on Sky and BBC News Channel on 2 August and Bloomberg on 4 August talking about HSBC's banking results.
Cass Business School achieved a total of 157 pieces of UK print and online media coverage in July 2010, including coverage relating pension reform in the UK, the future of the London Olympic venues, the European stress tests results and the Cass Alumni World Forum.
The Economist reported plans to break up the Financial Services Authority and how that would impact chief executive Hector Sants. Dr Peter Hahn said "He will face the question, "Where have you been? You had years to fix this stuff." Read more
Dr Sonia Falconieri discussed a ban by the UK Takeover Panel of three investors after they were accused of skirting rules to Bloomberg. She said the rule the men violated is "key in ensuring a level playing field in the market for corporate control." Read more
The Times quoted Professor Steven Haberman in an article about government proposals to tie retirement age to life expectancy. He said: "A 40-year-old today would have to retire at 70, a 25-year-old at 73 and a 15-year-old at 75," said Professor Haberman. "In some ways it creates less uncertainty because unless life expectancy patterns change, people will know when they can retire." Read more
Dr Alistair Milne spoke to Financial News about the results of the stress tests on European banks. He said: "The numbers by which the banks were tested on domestic residential property crashes were nowhere near deep enough. The adverse scenario in Greece for example was given as prices falling by 5% this year and 2% in 2011. It really should have been a lot worse - consider what Japan went through in the early nineties."
Professor Michael Tamvakis gave his reaction to rising iron ore prices to BBC News. He said: ""What we are experiencing is undersupply of iron ore - which leads to very high prices - and this undersupply is because of years of under-investment in mining."
- Dr Peter Hahn was interviewed by BBC Radio 4 "Today" on July 24, discussing the European bank stress tests. Professor Stefan Szymanski was also interviewed for the same programme on 20 July discussing football finance
- Professor Les Mayhew spoke on American Public Radio's "Marketplace" programme on July 16 discussing the plans to eliminate the census in the UK. Meanwhile, Dr Alistair Milne was interviewed for the same programme earlier in the day on the subject of the deal struck between Goldman Sachs and the SEC.
- Dr Milne also appeared on CNBC Europe's "Squawkbox" programme on July 8 talking about the forthcoming European bank stress tests.
Print and online media
Cass Business School achieved a total of 205 pieces of UK print and online media coverage in June 2010, including coverage relating to the deficit speech delivered by Vince Cable, Lib Dem business secretary, at the School, financial chaos in the Eurozone, the World Cup, and the coalition government's emergency budget measures.
The Guardian's 'Wintour and Watt' blog featured coverage of Vince Cable's speech, opening with: "When a political figure makes a speech at the Cass Business School in London it is usually worth taking note." Read more
Professor Stefan Szymanski, sports economist, started his weekly 'Football Finance' column in the Evening Standard which runs every Friday. He said: "Players are paid a wage that is high enough to stop them leaving to play for someone else. Clubs try to buy the best team they can afford…so that the wage of a player is determined in relation to all the other players in the market. Sometimes clubs make mistakes, but there are so many players and so many clubs that these errors are quickly ironed out." Read more
Iqbal Asaria, who teaches an Islamic finance elective at Cass, commented on the growing popularity of Islamic finance and the causes of the financial crisis in the Financial Times. Iqbal said: "The [crisis] was caused by a number of factors, including minimal attention to prudential regulation. These lapses will affect any form of finance - Islamic or conventional." Read more
The Sunday Telegraph quoted Professor ManMohan Sodhi in a story reporting the "tit-for-tat" diplomatic spat between the UK and the US over the BP oil spill crisis. Professor Sodhi said Mr Cameron's "softly-softly" approach "will lose [him] friends in corporate UK." Read more
The Times published Professor David Blake's letter to the editor where he reacted to the government's plans to remove the requirement that individuals use their pension fund to buy an annuity at retirement. He said: "Without an annuity, retired people risk outliving their resources and also bear the responsibility of managing their financial assets." Read more
- Dr Pete Hahn was interviewed for the BBC 10 O'Clock News on 29 June speaking about the financial troubles of Spanish banks
- Professor Les Mayhew was appeared on Channel 4 News on 24 June to talk about the increase in the retirement age.
- Dr Alistair Milne was interviewed on the Jeff Randall Show on Sky News on June 16 discussing Chancellor George Osborne's Mansion House speech.
- Professor Michael Tamvakis spoke on BBC World Service Radio about iron ore pricing on 14 June.
- Professor Philip Booth and Dr Alistair Milne were interviewed by Radio 5 Live, BBC World Service Radio and BBC News Channel on 7 June to discuss the Government's budget cuts and G20 banking regulation.
Print and online media
Cass Business School achieved a total of 148 pieces of UK print and online media coverage in May 2010, including coverage relating to the MBA study tour and graduation ceremony in Dubai, the Greek debt crisis and the economic impact of the new UK government.
Comments from Professor Stefan Szymanski were featured on the front page of the Financial Times. He was responding to analysis claiming England would win the World Cup. He said: ""The main weakness is their penalty shoot-out model, which ranks England ahead of Germany - all England fans will hope that prediction is not put to the test." Read more
UAE daily newspaper The National featured views from Professor Roy Batchelor who was responding to the Eurozone debt crisis, "The EU certainly won't be the fastest growing market for this region as real economic growth in Europe will remain slow this year," he said. "The great advantage for the Gulf is that it sits between eastern Europe, North Africa and India and China, where growth will be faster." Read more
Professor Joe Lampel said in the Financial Times that British Airways CEO Willie Walsh has a lot of challenges if he is to turn around the company. He said: "Willie Walsh has to make a lot of unpopular and difficult strategic changes because, if he doesn't, BA will have no future. You only have to look at the likes of Sabena, Swissair, Alitalia and other national airlines that became effectively insolvent for the same reason: high costs and inflexible labour practices." Read more
Professor Geoffrey Wood explained in The Observer why he thinks banks should be allowed to fail. He said: "Banks took risks because they knew they would be bailed out. Lehman was the exception, but there was nothing wrong in letting it fail. The problem was that we didn't have a system in place that would have allowed an orderly wind-up of its affairs." Read more
Research into CEO succession by Scott Moeller and the team at the M&A Research Centre (MARC) formed the basis of Financial Times management writer Stefan Stern's column. Stefan Stern said: "CEOs who carry out a big deal in their first year outperform their peers in the long run. However, attempting more than one major deal in that first year leads to poorer performance. The message? A big strategic change may be a good idea, but do not attempt more than one." Read more
- Professor Roy Batchelor discussed the Eurozone debt crisis on Dubai Eye's "Business Breakfast" programme on May 11.
- Guy Fraser-Sampson explained the finance problems with private equity-backed EMI on BBC Radio 4's "Today" programme and BBC Radio 5 Live's "Wake Up To Money" programme on May 14.
- The BBC News Channel featured an interview with Professor Philip Booth on May 17 where he discussed the Coalition Government's spending review.
- Dr Peter Hahn appeared on BBC Radio 4's "Today" programme and BBC Radio 5 Live's "Wake Up To Money" programme on May 25 offering his predictions as to the content of the Queen's speech.
Print and online media
Cass Business School achieved a total of 195 pieces of UK print and online media coverage in April 2010, including coverage relating to funding public sector pensions, the Greek debt crisis and the Goldman Sachs fraud charges.
The Daily Telegraph featured Dr Chizu Nakajima's reaction to the news of the Goldman Sachs fraud case. She argued that the SEC knows exactly what it is doing. "With regards to enforcement, people can become very complacent. By targeting the most prestigious house in Goldman, it sends a message that says 'We're not afraid to go after the big guns.'" Read more
Richard Gillingwater explained the advantages of recruiting a CEO from a different sector in the Financial Times's "Judgement Call" column. He said: "Some of the most inspiring leaders come from different industries and bring important new insights. The founder of EasyJet, Sir Stelios Haji-Ioannou (an alumnus of Cass) pioneered the low-cost approach precisely because he had no background in airlines, but a strong sense of what the customer wanted." Read more
Research from Professor Andrew Clare which revealed a public pensions funding black hole in England was published in The Daily Telegraph. He said: "For every £100million of assets held today, there is a good chance that tax payers would have to add an additional £50million to assets under management. This could cost each council tax paying household as much as £3,200." Read more
Professor Meziane Lasfer explained the Modigliani-Miller debt financing theorem in the Financial Times. He said: ""If you finance with equity, no one will make you bankrupt," he says. Indebtedness poses what economists call "agency conflicts" on managers; those with high debt tend to manage their businesses more cautiously. "You mustn't mismatch your financing risk with your business risk." Read more
Professor Paul Palmer said in The Times it would be difficult for the IMF's proposed Financial Activities Tax (FAT) to be agreed on by the G20 countries. He said: "If they can't make up their minds on climate change, how will they make their minds up about an international banking tax?" Read more
- Dr Chizu Nakajima gave her reaction to the Goldman Sachs fraud case to Bloomberg on April 19.
- Professor Paul Palmer was interviewed by CNBC Europe on April 23 about the global banking tax proposed by the IMF.
- Dr Alistair Milne appeared on BBC Radio 4's "Today" programme discussing the Greek debt crisis on April 26.
- Professor Philip Booth spoke to Jeff Randall on Sky News's "Boulton & Randall Unleashed" programme on April 26.
- Professor Joe Lampel was interviewed by American Public Radio on April 8 about the United and US Airways merger.
Print and online media
Cass Business School achieved a total of 231 pieces of UK print and online media coverage in January 2010, including coverage relating to bank bonuses following the announcements of several banks' profits, Portsmouth FC going into administration and the lecture given by FSA Chairman Lord Turner.
The Times carried an opinion column from Scott Moeller, Director of the M&A Research Centre which provided advise as to how to redundancy-proof yourself in the face of M&A. He said: "Do a candid self-appraisal and prepare for the unexpected. Do not rely on your boss to take care of you." Read more
Professor Stefan Szymanski wrote a feature-length article for The New Statesman on the comparison between the banking crisis and football finance. He said: "The parallels between football and banking are striking: both have been under-regulated, loaded with debt and run recklessly for short-term gain." Read more
Giorgio Questa and Chizu Nakajima were both featured in an article from Business Week examining the FSA's investigation into insider trading. Giorgio Questa explained what a "block trade" and Dr Nakajima said: "In the past it may have been perceived that insider trading was not a top priority for the FSA. There's no doubting that it is now." Read more
Bloomberg reported on a new study from Professor Andrew Clare which reveals English local councils' pension plans are underfunded by around £65 billion. Professor Clare said of pension provision: "Unless drastic reform takes place, the black hole in this scheme will have to be funded by the underlying sponsor: the British taxpayer." Read more
The Financial Times published details of a new report from Professor David Blake which says investment companies should reward their star fund managers more lucratively and sack poor performing managers more quickly. He said: "Losing fund managers seem to be incapable of extricating themselves from losing positions without external prompting, so the investment management company needs to replace them much more quickly."
- Professor Geoffrey Wood gave his reaction to the Budget announcement to the BBC News Channel on March 24.
- American Public Radio interviewed Professor Stefan Szymanski about the depreciation of Sterling on March 22
- Dr Alistair Milne discussed Northern Rock's losses on BBC Radio 4's "Today" programme on March 10.
- BBC Radio 4 featured Professor David Blake on the "File on 4" programme on March 9 discussing pension schemes going into administration.
- Chris Roebuck discussed the HSBC results and bankers' bonuses on Sky News on March 1
Print and online media
Cass Business School achieved a total of 227 pieces of UK print and online media coverage in January 2010, including responses to the on-going debate into bankers' bonuses and banking regulation, the launch of the Apple iPad, the Greek debt crisis and references to George Osborne's speech at the Mais Lecture.
The Daily Telegraph quoted Professor Joseph Lampel and his research into the performance of employee-owned businesses for a story about the retail success of John Lewis. Professor Lampel said a shift to employee ownership is probably the "only solution" for British Airways and Royal Mail. Read more
The Financial Times highlighted the need for companies to recruit older women and quoted Cass academics Louise Ashley and Janet Gaymer who said the cultures of top firms do not easily lend themselves to flexible working. Read more
The Sunday Times interviewed Dean of Cass, Richard Gillingwater, about his career and leadership issues. He offered some advice to recent graduates: "If you are a graduate, try to join a firm that will give a taste of a number of activities. Second, don't be afraid to switch direction. An awful lot of people don't find out what they want to do until their second or third jobs." Read more
The Financial Times spoke with Professor Mario Levis about private equity houses withdrawing their intentions to offer their companies to an IPO. He said: "Private equity houses need some exits, as they must show returns to their investors… Otherwise it could be a vicious circle for some groups that want to raise more money soon." Read more
The Times featured a column of advice from Scott Moeller, Director of the M&A Research Centre, on how to ward off redundancy in the wake of your company being acquired. He said:" The trip to the executive suite may be determined by an individual's success at manoeuvring upwards through a number of mergers and acquisitions. Once near the top, senior executives might even design a merger to enhance their own power." Read more
- Dr Chizu Nakajima was interviewed for CNN's "Quest Means Business" programme on February 23 about business ethics in Europe in the wake of strike action.
- On February 10, Professor Mario Levis spoke with Bloomberg about the Greek debt problem.
- BBC One "Breakfast" featured an interview with Dr Peter Hahn on January 22 explaining the practical problems of the proposed "Robin Hood Tax"
- Visiting Honorary Professor Chris Roebuck discussed investment banks' recruitment strategies with CNBC Europe on February 9
- Dubai Eye interviewed Professor Andrew Clare for the "Business Breakfast" programme on February 7 on the subject of the UK economy
Print and online media
Cass Business School achieved a total of 152 pieces of UK print and online media coverage in January 2010, including responses to President Obama's proposed banking regulation changes, comment on the merger between Cadbury and Kraft and reaction to the announcement of bonuses for investment bank employees.
The Daily Mail quizzed Andrew Clare, Professor of Asset Management, about how high shares will go this year. He said: "'Equity investors have underestimated the severity of our economic plight. Taxes must rise, while public sector spending and employment will be cut." Read more
The Guardian columnist Larry Elliott quoted Joe Lampel, Professor of Strategy, in his piece following the announcement of a merger between Cadbury and Kraft. Professor Lampel said: "It is clear that the big winners from the forthcoming Cadbury/Kraft merger are the hedge funds who had plenty of time to accumulate holdings in Cadbury, and can now realise substantial profits." Read more
The Financial Times featured the reaction of business schools to the financial crisis and highlighted the work of the Ethics Taskforce at Cass. Both Chizu Nakajima, Director of the Centre for Financial Regulation and Crime, and Steve Haberman, Deputy Dean, are quoted. Professor Haberman said: "We can't say that everything in our shop is okay because as far as we know none of our alumni have transgressed. We are management educators and management is seen to have failed. We cannot be complacent." Read more
Business Week investigated Europe's growing debt problem and published a comment from Dr Alistair Milne from the Faculty of Finance. He said fears of default have spurred international ratings agencies to downgrade their sovereign debt, making it costlier for them to raise money: "Uncertainty is poison for market confidence." Read more
Bloomberg reported Maria Sharapova signed a new $70 million deal with Nike and asked Stefan Szymanski, Professor of Economics, to respond. He said: ""Sharapova is one of those stars whose name transcends sports, similar to David Beckham. She's become an international celebrity first, and an athlete second."
- Dr Alistair Milne was interviewed for BBC Two's Newsnight programme on January 25 about the Goldman Sachs bonuses and banking regulation.
- On January 22 Dr Pete Hahn spoke to BBC Radio 4's 'Today' programme about the likely impact of President Obama's banking reforms.
- BBC News Channel interviewed Honorary Visiting Professor Chris Roebuck on January 14 about Obama's planned tax on investment banks.
- Professor Stefan Szymanski discussed the state of Manchester United's finances with BBC Radio 4's "Today" programme on January 12.
- Sky News interviewed Professor David Sims on January 6 about the impact of the bad weather on the UK economy.
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22 April, 'Cass receives AACSB accreditation'
01 February, 'Why do we buy organic food?'