People and Places: October 11, 2022
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![]() Honors and AwardsThe 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel will go to three men who have studied how to make banks less vulnerable in times of financial crisis. Ben S. Bernanke is a Distinguished Senior Fellow of Economic Studies at The Brookings Institution in Washington, D.C. Douglas W. Diamond is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Philip H. Dybvig is the Boatmen’s Bancshares Professor of Banking and Finance at the Olin Business School of Washington University in St. Louis. The prize of 10 million SEK (about 883,000 USD) will be shared equally among the three laureates. New ProgramsESCP Business School has launched a training course, Metaverse for Business, designed to help participants develop the skills needed to lead digital transformation within their companies. The short online program is offered in partnership with Netexplo, an independent observatory that studies the effects of digital tech on society and business. Participants will receive seven hours of training in either French or English on topics such as immersive computing and monetization strategies in the metaverse. The program launches in October. ESCP has campuses in Berlin, London, Madrid, Paris, and Warsaw, as well as Turin, Italy. CollaborationsThe Robert H. Smith School of Business at the University of Maryland (UMD) in College Park has joined Deloitte to launch the Deloitte Initiative for AI and Learning (DIAL), an artificial intelligence research initiative designed to help expand learning and development opportunities for faculty and students. Goals of the DIAL program are to further the adoption of ethical safeguards in AI, help government agencies remove barriers to implementing AI, support the government’s use of ethical AI to advance diversity efforts, and improve AI-human interaction. Funding for DIAL was provided by the Deloitte AI Institute for Government, the company’s hub for research on AI and related technologies in the public sector. The American University in Cairo (AUC) has signed a memorandum of understanding with Banque Misr to train and support women entrepreneurs as they establish and scale their small businesses. Through the agreement, the Center for Entrepreneurship and Innovation at AUC’s School of Business will nominate female entrepreneurs from the Women’s Economic Empowerment—Entrepreneurship Support project to Banque Misr, which will then provide banking services and training on financial literacy. The collaboration between AUC and Banque Misr falls within the framework of Women’s Economic Empowerment for Inclusive and Sustainable Growth in Egypt—Rabeha, a joint program between UN Women and the United Nations Industrial Development Organization (UNIDO). The program is delivered in partnership with the National Council for Women and the Ministry of Trade and Industry, with the support of the Government of Canada. The University of Exeter in the U.K. has entered into a strategic partnership with JO Hambro Capital Management to collaborate on new research and executive education in the fields of systemic risk and sustainability. Climate researchers from the University of Exeter Business School and the university’s Global Systems Institute will explore systems thinking as it applies to climate change and sustainability and the implications for business. Academic researchers will work alongside industry experts from JO Hambro and its sustainable investing arm, Regnan. The partnership also will include an executive education program that will give executives access to the latest research, data, and training to ensure a deep understanding of the science of sustainability. Grants and DonationsThe University of Chicago Booth School of Business has received a gift from alumnus Robert Rothman to support the school’s London location, which will be renamed the Robert Rothman, ’77, London Campus. The campus, which houses the school’s London EMBA and executive ed courses, is designed to be a hub for students, alumni, and business leaders from Europe, the Middle East, and Africa (EMEA). Rothman’s gift also will name and support the new Global Faculty in Residence Program, which will allow a senior faculty member to spend one to three quarters at the London campus. The program’s primary goal is to strengthen and broaden Booth’s visibility in London and across the EMEA region. Rothman has previously supported the school’s campus in Chicago, in part by endowing the Rothman Family Professorship Fund. He is the former chairman and CEO of Consolidated International Insurance Group Inc. Other NewsThe University of California Los Angeles is spending 80 million USD to acquire two sites belonging to Marymount California University, which ceased operations earlier this year due to rising costs and declining enrollments. The properties include Marymount California University’s 24.5-acre main campus in Rancho Palos Verdes, a coastal city in Los Angeles County; and an 11-acre residential site in San Pedro, a neighborhood within Los Angeles County. The land acquisition, the largest in UCLA’s history, is expected to boost access to the university’s educational programs and enhance its impact in the region. UCLA and its academic senate will establish a task force of faculty members and administrators to study how best to utilize the property to advance institutional goals and expand access to education. October 6 saw the launch of the MSCA4Ukraine scheme, which offers dedicated fellowships to researchers from Ukraine, allowing them to continue their work at academic and nonacademic organizations in EU member states while maintaining their connections to research communities in Ukraine. The scheme is funded under the EU’s Marie Skłodowska-Curie Actions. The interactive session on launch day provided information on understanding eligibility criteria, preparing an application, and finding a host institution. The Business School at Worcester Polytechnic Institute in Massachusetts has announced that it is streamlining and reducing tuition for certain programs as part of the university’s 2021–26 strategic plan to increase the school’s accessibility and affordability. As part of its focus on STEM education and research, The Business School at WPI offers a master of business administration and master of science degrees in business analytics, innovation with user experience, information technology, and operations and supply chain analytics. The new tuition rates are in effect and apply to current students.
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