Kellogg in the News

Poets & Quants

Best & Brightest MBAs: Class of 2017 – 05/07/17
Article highlights the work and accomplishments of some of the best and brightest MBA graduates of 2017, determined by Poets & Quants. Kellogg students Jared Scharen and Adam Maddock were both recognized in the list.

The New York Times

Health Act Repeal Could Threaten U.S. Job Engine – 05/06/17
Article emphasizes that the health care industry has created jobs at more than three times the rate of the rest of the economy since 2007, and that the Affordable Care Act repeal may hurt local economies. “If there is a group that loses out the most, it’s near-seniors. Their health care is so expensive, but the tax credit in the House bill caps out at $4,000,” said Professor Craig Garthwaite. The article was also picked up by CNBC.

Chicago Tribune

Advocate Health Care to make $200 million in cuts – 05/05/17
Article discusses how Advocate Health Care, Illinois’ largest hospital system, is making $200 million in cuts in response to financial pressures such as reimbursement rates from federal and state insurance programs that don’t cover the cost of caring for patients. “I think some of them [hospitals] are just hitting a pause for a second to figure out what the world’s going to look like in a year,” said Professor Craig Garthwaite.

Forbes

What Top Leaders And Academics Are Thinking About Leadership In 2017 – 05/05/17
Article discusses seven leadership tips from top executives, academics, consultants, and diplomats. The fifth tip is to “learn about trends and build skills.” In the author’s explanation of this tip, she mentions Professor Loran Nordgren’s research findings that warmth improves leadership success.

Forbes

Investing In India’s Low-Fee Schools – 05/05/17
Article discusses how Kellogg student Ashwin Halgeri’s upbringing helped his team, EduIndia Fund, create the winning proposal of the 2017 Kellogg-Morgan Stanley Sustainable Investing Challenge. Halgeri and partners Erica Hoeveler and Chris Shaw developed an investment vehicle to expand access to high-quality, low-fee private schools in India, aiming to help more children from low-income families attend school and remain in class, rather than drop out for financial reasons.

The New York Times

Right and Left React to Trump’s Comments on the Civil War – 05/05/17
Article features political writing from both the right and left sides that discuss Trump’s recent controversial claims about the Civil War. Professor Brian Uzzi’s research regarding political echo chambers is highlighted as a piece of writing “from the center.”

BBC News

Can a life-swap exercise stop a community tearing itself in two? – 05/04/17
In certain iterations it can have an obvious, immediate positive impact on participants, but there are some drawbacks according to Nour Kteily, a professor who has studied "perspective taking" in negotiations between Palestinians and Israelis at Northwestern University's Kellogg School of Management. "There is a lot of work in social psychology that suggests that intergroup contact can be helpful," he says. "[However,] it can have the flavour of a feel-good exercise that doesn't change a lot on the ground. There's research that shows that can be frustrating on the low-power group.”

Bloomberg

Inside the ‘Scorpion Room’ Where Drug Price Secrets Are Guarded – 05/04/17
Article discusses how pharmacy-benefit managers (PBM’s) often put auditors in secure rooms, limit the number of contracts they can see, and restrict and review note taking. Professor Craig Garthwaite mentions that any restriction on audits “gives an advantage to the PBM,” and that “PBMs have no reason to want to shine a light on it.”

Marketplace Radio

How do you pay for pre-existing conditions? The GOP plans to charge more – 05/04/17
Article discusses how, in the new GOP health care bill, Republicans plan to have insurance companies charge people more if they have a pre-existing condition. “So imagine we’re making a model airplane. They want to make one with one wing and one landing gear, but not think about ‘What does it take to make this health insurance airplane get off the ground?'” said Professor Craig Garthwaite.

Poets & Quants

2017 Best MBAs: Jared Scharen, Northwestern (Kellogg) – 05/04/17
Article features an interview with Jared Scharen, a Kellogg student who made Poets & Quants’ “2017 Best MBAs” list. Scharen discusses his professional experience and the entrepreneurship resources he received while at Kellogg. After graduation, Scharen will be working at eRetirements.com, a startup he founded to help Baby Boomers identify their ideal retirement locations. The full list of Best MBAs will be published on Monday.

Talent Economy

Is the Notion of Two Weeks’ Notice Obsolete? One Company Has An Alternative – 05/04/17
In the end, employee turnover is inevitable at any company, and having open conversations can be beneficial, said Victoria Medvec, professor of management and organizations at the Kellogg School of Management at Northwestern University. “Knowing early and creating a willingness for employees to tell you early about their interest in going elsewhere is very helpful,” she said. This allows for advanced notice for the employer to start a succession planning process.

WBEZ

How The Latest Obamacare Repeal Bill Could Affect Illinois – 05/04/17
At least one local expert describes the old Illinois program for Obamacare as “a disaster.” “It was under-funded, the premiums were really high, and then there was also a waiting period to get it,” said Joel Shalowitz, a clinical professor of Health Industry Management at the Kellogg School of Management at Northwestern University. “So the people who needed it found it hard to get, and then it was un-affordable.”

NPR

Venezuelan economy in crisis – 05/03/17
Adjunct Lecturer Daniel Lansberg-Rodriguez joins NPR to provide historical context to the economic rise of and current chaos in Venezuela. He examines the country’s economic trajectory, beginning with major reforms promised by Hugo Chavez in the 1990s.

Insight into Diversity

Leading Organizations as Social Justice Moves from the Streets to the Boardroom – 05/01/17
Article by Anise Wiley-Little, Chief Human Capital and Diversity Officer, about her role in diversity and inclusion. The article looks at how to address social issues and how to engage in change. The article looks at the topics we must address, including race, socioeconomic status, and issues of inequality.

Forbes

Four Keys To Renegotiating NAFTA – 04/30/17
Article by Adjunct Professor Philip Levy discusses President Trump’s decision to renegotiate NAFTA, offering four crucial components to the renegotiations: reasonable objectives, personnel who are qualified to negotiate, consistent direction from the White House, and congressional approval.

Quartz

Social media is polarizing users faster than ever – 04/30/17
Article originally published on Kellogg Insight highlights Professor Brian Uzzi’s research on the role of user behavior in the formation of online echo chambers. From a massive pool of 12 million social media users, it was found that almost all the users became highly polarized at an astonishing speed. “Even people who start out holding two points of view at the same time can very quickly go into an echo chamber,” Uzzi said.

Crain’s Chicago Business

Dividing to conquer the ticket game – 04/29/17
Article discusses how Chicago’s professional sports teams have increased their ticket-pricing tiers over the past five years to allow for revenue growth. “If you’re trying to price two different things of the same quality at different prices, it’s not going to work. You’ve got to get all the prices right simultaneously,” said Professor Sandeep Baliga.

Bloomberg

With Anthem-Cigna All But Dead, M&A Speculation Is Back On – 04/28/17
Article discusses how, in light of the Anthem Inc.-Cigna Corp. merger being shot down, speculation has begun regarding the next health-insurance megadeal, likely involving Humana, which specializes in the business of selling private health plans for the elderly. “There’s a new sheriff in town, so you might be less concerned about what the agencies think of your merger,” said Professor Amanda Starc.

Chicago Tribune

You’re not going to get $10,000 for your airline seat, but strategy can help – 04/28/17
Article discusses United Airlines’ recent statement—in an effort to recover from the April 9 incident—that the company will offer passengers on overbooked flights up to $10,000 in compensation to take a later flight. “Good luck finding a plane full of people where no one is willing to give up their seat for $9,000,” said Professor James Schummer. “Once the group gets beyond half a dozen people (collusion isn’t realistic) because the incentive to jump and grab the deal is too strong,” said Professor Jeroen Swinkels.

Poets & Quants

Your Lack of Experience Could Be Just What A Startup Needs – 04/28/17
Article by Professor David Schonthal explains how having a non-traditional background is not a deal breaker for entering a new professional field, especially at a startup. He notes that you must possess valuable skills without spinning yourself to look like a better fit than you actually are.