Media coverage

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

Broadcast coverage

• 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

Broadcast coverage

• 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 recpaitalisation 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 Amercia 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

Broadcast coverage

• 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."

Broadcast coverage

• 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

Broadcast coverage

• 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."

Broadcast Interviews

• 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

Broadcast coverage

•  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."

Read more
http://www.guardian.co.uk/business/2011/apr/11/banks-breathe-sigh-of-relief-vickers-report

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."

Read more
http://www.guardian.co.uk/business/2011/apr/03/honda-considers-suspending-uk-production]

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."

Read more
http://www.independent.co.uk/student/postgraduate/mbas-guide/lsquoit-isnrsquot-just-for-men-in-suits-in-the-cityrsquo-2264650.html

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."

Read more
http://www.ft.com/cms/s/0/5ec98b64-6a00-11e0-86e4-00144feab49a.html?ftcamp=rss#axzz1K3DClkLg

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."

Broadcast coverage

• 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."

Broadcast Coverage

• 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

Broadcast Coverage

• 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

Broadcast media

• 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.

Print and online media

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

Broadcast Highlights

• 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."
Read more

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 hemorrhaging senior relationship managers shouldn't be surprised that the relationships will travel with them." Read more

Broadcast media

• 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

Broadcast Highlights

• 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.

Print and online media

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."
Read more

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."
Read more

Broadcast Highlights

• 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

Broadcast Highlights

• 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

Broadcast Highlights

• 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

Broadcast Highlights

• 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."
Read more

Broadcast Highlights

• 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

Broadcast Highlights

• 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."

Broadcast Highlights

•  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.

20 October, 'Graduate taxes are a better funding mechanism than tuition fees'

14 October, 'Life after the Financial Times?'

30 September, 'Academics Quantify Impact of the Government's Proposal to End Compulsory Annuitisation'  

28 July, 'Leading Academics Set to Quantify Consequences of
Annuity Reform in Major Two-Part Study'

21 July, 'New Alumni World Forum Scholarship launched to celebrate inaugural global reunion'

21 July, 'Cass Business School launches Haberman Campaign for Actuarial Science'

13 July, 'Cass Business School holds inaugural Alumni World Forum and celebrates international community'

1 July, 'New training programme helps company executives
unlock export potential'

28 June, 'Charities will need more than faith and hope alone to help plug the economic deficit'

01 June, 'Charity Sector in Danger of "Double Whammy" As Public Spending Cuts Loom'

20 May, 'Cass Entrepreneurship Fund makes first investment in Alva with £675,000 funding round'

18 May, 'A major deal in year one improves CEO performance in the long-run'

5 May, 'Cass Business School becomes CFA Program Partner'

22 April, 'Return to core values, not heavy-handed regulation, needed to avoid another financial crisis'

22 April, 'Cass receives AACSB accreditation'

20 April, 'Income from investment assets of major fundraising charities falls by £23 million during recession' 

19 February, 'Social inequalities and poor health impact on working life expectancy'

17 February, 'A new algorithm for finding maximum likelihood pedigrees'

10 February, 'Employee ownership model "shows greater resilience" '

01 February, 'Why do we buy organic food?'