The long-run performance of initial public stock offerings that are recommended by their underwriters is dramatically worse than the performance of firms recommended by non-underwriters, shows new research from Cornell University's Johnson Graduate School of Management and Dartmouth's Amos Tuck School of Business Administration.
Cornell President Hunter Rawlings will preside over the university's 128th commencement on Sunday, May 26, at Schoellkopf Stadium at 11 a.m. Robert F. Kennedy Jr. will present an address at Senior Convocation.
Cornell's Johnson Graduate School of Management will award full-tuition, two-year Park Fellowships to 30 entering MBA students beginning in the fall of 1997.
David Duffield, founder, president, chief executive officer and chairman of PeopleSoft, a developer of client/server business software, has been named Cornell's 1996 Entrepreneur of the Year.
Researchers found that even a small increase in the number of women who have passed through that door to a managerial position dramatically increases other women's chances of being hired or promoted into that position. The result: a Catch-22 situation with important implications for the movement of women into management, as well as for the national affirmative action debate.
