GWSB Joins Financial Reform Debate
Former U.S. Sen. Chris Dodd discusses the measure he helped draft.
Business executives, scholars, financial regulators and legislators came together at GW to debate the potential impact of the most sweeping U.S. financial regulatory reform in 80 years.
The symposium, “The Shape of Things to Come: The Financial Regulatory Landscape in the Post Dodd-Frank Era,” was sponsored by GWSB’s Center for Real Estate and Urban Analysis and GW’s Center for Law, Economics & Finance. It featured a roster of high-profile speakers, including former U.S. Sen. Christopher Dodd, one of the authors of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dean Doug Guthrie said the discussion underscored the School’s role at the “center of conversations about business and politics, business and policy.”
“You want a robust financial services sector that is out there being creative, being innovative, driving growth and powering the economy,” said Dodd, who worked with U.S. Rep. Barney Frank of Massachusetts on the broadest financial market reform since the Great Depression.
The discussion addressed how Dodd-Frank would affect banks’ capitalization, coordinate with new Basel III accounting standards and discourage the existence of massive financial institutions viewed as “too big to fail.” Panelists included Goldman Sachs adviser Stephen Labaton; Donald Kohn of the Brookings Institution; Chicago Mercantile Exchange Clearing House Division President Kim Taylor; Robert Burke, managing director at Bank of America Merrill Lynch Global Markets; Lynn Turner, with the consulting firm LECG; and Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission.
Dodd ended the meeting with a call to action, urging students to consider careers in the public sector. “If you don’t have good, talented people in place, then I think our country suffers,” he said.
The Economist Gives GWSB High Rankings
The GW School of Business has one of the top MBA programs in the world, according to The Economist, which ranked the program 38th among North American schools in 2010.
“Recognition of the GW School of Business as one of the best in the world shows once again we are preparing a generation of students to lead in the global economy,” said Dean Doug Guthrie.
“This ranking among our international and U.S. peers validates our efforts to strengthen our global MBA curriculum,” said Murat Tarimcilar, vice dean of programs and education. “Our alumni and students have a passion for changing the world.”
The Economist also rated GWSB as No. 1 in the world for diversity of recruiters, sixth for the breadth of its alumni network, 17th for student diversity and 73rd in overall rankings.
The Economist evaluations are based on a survey of 132 leading business schools around the world with input from schools, students and alumni. The full rankings are found at: www.economist.com/business-education/
Maxon Lecture: Global Perspective = Business Success
Successful businesses understand that markets are global. They consider culture into consideration while maintaining a unified message about the company, Colgate-Palmolive’s president and CEO Ian Cook told a packed audience at GWSB’s annual Robert P. Maxon Lecture.
Cook said Colgate-Palmolive had a simple approach: an emphasis on the company’s four product areas—oral care, personal care, pet care and home care—and a single global message that took into account local preferences. For example, he said, the company markets toothpaste containing salt in India, where salt is often used as a remedy for bleeding gums.
Cook also discussed the company’s focus on sustainability, ethical standards and corporate social responsibility. He pointed to programs such as the “Bright Smiles, Bright Futures” initiative that features dental screenings and education outreach to 500 million children in more 80 countries. In the United States, the program includes in-school curriculum, mobile dental vans and community awareness events in underserved communities.
Cook, whose son Andrew received his BBA from GWSB in 2010, advised students to live and work in other countries, “Get outside yourself, your country and your culture,” he said.
The Maxon Lecture, sponsored by GWSB’s Institute for Corporate Responsibility, is named for GW alumnus Robert P. Maxon, BA, ’48. The annual lecture features prominent executives and academics speaking about contemporary global management issues.
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