This Week in Business

Business Radio Special: The Great Recession: What's Changed in 10 years Part 2 About one in five workers in the U.S, lost their job in the beginning of the Great Recession and many of them never recovered. What has happened to the millions of people who settled for work below the level in which they were qualified, for less pay? With an improved unemployment number today at 4%, compared to the height of the recession when the unemployment rate peaked at 10 %, the wages are not catching up with the jobs. To look deeper at the impact of The Great Recession on the jobs market, we are joined by Wharton Professor of management PETER CAPPELLI, who is also Director of the Center for Human Resources, IWAN BARANKAY, Associate Professor of Management and Associate Professor of Business Economics and Public Policy at Wharton, and DAVID LEWIS, Professor Emeritus of Management, Human Resources and Organizational Behavior at the UCLA Anderson School of Management. Then, from January 2009 to December 2013 the U.S. government prevented two of the “Big Three” car companies from going bankrupt by using over $80 billion from the Economic Emergency Stabilization Act. General Motors Company and Chrysler LLC were owned by the taxpayers, leaving the Ford Motor Company on its own. Was this the right decision for a sector of an indicator of the health of the economy? We’ll look at the management changes in the past 10 years and future of the American auto industry as they face staying competitive in a growing fuel-efficient and autonomous vehicle market. We’re joined by JOHN PAUL MACDUFFIE ,  Professor of Management at the Wharton School and Director of the Program on Vehicle and Mobility Innovation at Wharton's Mack Institute for Innovation Management, and PAUL EISENSTEIN publisher and editor of TheDetroitBureau.com. Next, Wall Street has taken quite a ride over the last decade. It lost almost half of its value due to the Great Recession and by some estimates, over $2 trillion in retirement savings was lost by the end of 2008. The recovery has opened the markets to incredible growth, including the Dow Jones Industrial Average crossing the 26,000 mark, Nasdaq breaking the 8,000 point threshold and the S&P finishing at just under 29,000 last month. But investors are still wary in the stock market as we may soon undergo a significant correction. To look back, and peer into the short and distant futures, JEREMY SIEGEL, joins us. He is a Professor of Finance at the Wharton School. As is GAD ALLON, a Professor of Operations, Information and Decisions, at the Wharton School. Finally, when the Great Recession hit, some people pointed a finger at business schools, asking why the MBAs who caused the economic turmoil weren't taught character and accountability. Business schools have been teaching ethics for decades, but did the financial crisis change the way academic institutions, like The Wharton School, emphasize corporate responsibility and ethics? We’re joined by ERIC ORTS, a Professor of Legal Studies and Business Ethics at the Wharton School, STEPHEN ARBOGAST, Professor of Practice of Finance and Director of the Energy Center at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. And ANITA CAVA, a Professor in the Business Law Department at the University of Miami Business School and  Co-Director of the University of Miami Ethics Programs. Hosted on Acast. See acast.com/privacy for more information.

Business Radio Special: The Great Recession: What's Changed in 10 years Part 1On September 15, 2008, Lehman Brothers declared bankruptcy which sent the stock market tumbling. The problems that started in the US soon spread to Europe.  Several European nations, including Greece, Italy, Portugal and Spain, faced austerity to deal with their debt, and still face issues today.  Wharton Finance Professor,  JOAO GOMES, and ERIK JONES, Director of European and Eurasian Studies, Johns Hopkins University School of Advanced International Studies, join us to discuss how the European Union dealt with the recession and its lasting impact. Then, Iceland was the textbook case of the global banking crisis. Back then, the three biggest banks in Iceland had assets that were 14 times the national economic output of the country. At the height of the crisis Iceland's debt was close to 100% of GDP. Today that number is 24.1%. We look at how the country recovered and the risks it still faces with PHILIP NICHOLAS, Wharton Professor of Social Responsibility in Business and Professor of Legal Studies in Business, and THORVALDUR GYLFASON, a  University of Iceland Economics Professor. Next, after Lehman Brothers collapsed and the stock market plunged, Congress passed a $700 billion bailout bill to save the US financial system. Corporations deemed "too big to fail" got help.  President George W Bush and, after his inauguration in January. 2009, President Barack Obama worked with Congress on new regulations for financial institutions, including the Dodd-Frank Act. Wharton Legal Studies and Business Ethics professors PETER CONTI-BROWN and DAVID ZARING join us to discuss how the banks recovered from the recession and where things stand now with regulations. Finally, one of the most significant parts of the financial crisis in the US was the housing bubble. Banks were making home loans often without down payments to people who couldn't afford them. When the bubble burst, millions ended up in foreclosure and various metropolitan areas around the country, like Las Vegas, Modesto and Fort Meyers, found themselves in dire economic times. Rules were changed to make it a lot more difficult to qualify for a mortgage, with more stringent requirements on down payments. We look at the housing crisis and how things look today with SUSAN WACHTER, Wharton Professor of Real Estate and Finance, and BENJAMIN KEYS, Wharton School Real Estate professor and Faculty Research Fellow at the National Bureau of Economic Research. Hosted on Acast. See acast.com/privacy for more information.

Jennifer Fitzpatrick, Gerontologist and Instructor at Johns Hopkins University, joins host Ken Smetters to discuss everything you need to know, consider, and plan for when making the transition into assisted living for yourself or a loved one on Your Money. Hosted on Acast. See acast.com/privacy for more information.

Host Jeff Voigt leads an expert panel discussion on the current dynamics surrounding end of life care in the US - is there such a thing as a good death? on The Business of Health Care. Expert Panelists include: Dr. Holly Prigerson, Irving Sherwood Wright Professor of Geriatrics at Weill Cornell Medicine (WCM) and Director of the Cornell Center for Research on End-of-Life Care; Dr. Connie Ulrich, Lillian S. Brunner Chair, Professor of Nursing, and Professor of Bioethics at the University of Pennsylvania's Perelman School of Medicine; and Dr. Philip Pizzo, David and Susan Heckerman Professor and Founding Director of the Stanford Distinguished Careers Institute. Dr. Pizzo co-chaired the National Academy of Medicine 2014 report on Dying in America: Improving Quality and Honoring Individual Preferences Near the End of Life.  Hosted on Acast. See acast.com/privacy for more information.

Jesse Eisinger, Senior Reporter at ProPublica and Author of "The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives," joins hosts Peter Cappelli and Iwan Barankay to discuss the world of White Collar Crime and whether or not the US has been cracking down on punishment of these crimes on In the Workplace.Book - https://www.amazon.com/Chickenshit-Club-Department-Prosecute-Executives/dp/1501121367 Hosted on Acast. See acast.com/privacy for more information.

Brian Burke, Senior Analytics Specialist at ESPN, joins hosts Cade Massey, Eric Bradlow, and Shane Jensen to discuss the outlook for NFL's 2018 season on Wharton Moneyball. Hosted on Acast. See acast.com/privacy for more information.

Katica Roy, CEO and Founder of Pipeline, joins host Laura Zarrow to discuss how her technology company uses artificial intelligence to assess, address, and take action against gender bias in companies and helps them improve their bottom line on Women@Work. Hosted on Acast. See acast.com/privacy for more information.

Doug Straton, Chief Digital Commerce Officer at Hershey, joins host Nicolaj Siggelkow to discuss digital innovation within a 120-year old established global brand on Mastering Innovation. The Hershey Company is "among the most respected companies in the world, bringing snacks, community growth, and human opportunity to all corners of the globe." Hosted on Acast. See acast.com/privacy for more information.

Hosts Jeremy Schwartz and Wharton Prof Jeremy Siegel lead a discussion with Leonard Nakamura, Vice President and Economist at the Federal Reserve Bank of Philadelphia. After a quick market recap, they'll examine the intricate debate over how GDP is measured and whether we need a new way to chart U.S. economic growth and predict the future on Behind the Markets. Hosted on Acast. See acast.com/privacy for more information.

While many of us believe consider ourselves to be supportive of equality, diversity and inclusion, we might not be really examining our own unconscious biases. Host Dan Loney and guest co-host Wharton Professor Katherine Milkman talk to Dolly Chugh, Professor at the NYU Stern School of Business, about her new book, “The Person You Mean To Be: How Good People Fight Bias,” which addresses this issue of unconscious bias and offers strategies for overcoming these ideas to become even better people on Knowledge@Wharton. Katherine Milkman is the Evan C Thompson Endowed Term Chair for Excellence in Teaching and a Professor of Operations, Information and Decisions at the Wharton School, and holds a secondary appointment in Penn's Perelman School of Medicine.Book - https://www.amazon.com/Person-You-Mean-Be-People-ebook/dp/B0756F5CHD Hosted on Acast. See acast.com/privacy for more information.

It’s “Back To school time,” which means high school and college students will be settling in to new curriculae and learning new subjects. Did you know Knowledge@Wharton has an online resource for students and teachers alike to help prepare students for success? You can find it all on the Knowledge@Wharton High School website (KWHS). Host Dan Loney talks with Diana Drake, Managing Editor of KWHS, and Allyson Vaughn, KWHS's Global Young Leaders Academy Coordinator, to discuss the engaging KWHS summer program on Knowledge@Wharton. Hosted on Acast. See acast.com/privacy for more information.

Deaths from drug overdoses have now surpassed those from car crashes or guns in the United States, according to a recent report from the Centers for Disease Control (CDC). To understand this complicated crisis, Host Dan Loney speaks with Dr. Evan Anderson, Senior Fellow at the University Of Pennsylvania’s Center for Public Health Initiatives and Senior Lecturer at the Penn School of Nursing, and Dr. Anita Gupta, Scholar at Georgetown University School of Medicine in Clinical Bioethics and former advisor to the FDA, on Knowledge@Wharton. Hosted on Acast. See acast.com/privacy for more information.

Wharton's Hip Hop Prof Americus Reed leads a discussion with Ken Wisnefski, Founder and CEO of WebiMax, and John Rothschild, Author of "Football Betting Made Easy," about Nike's decision to make Colin Kaepernick the face of their 30th anniversary of their Just Do It Campaign and how it has been playing out as a marketing strategy for the brand powerhouse on Marketing Matters. Hosted on Acast. See acast.com/privacy for more information.

Morey Stettner, Reporter at MarketWatch, joins hosts Peter Cappelli and Iwan Barankay to discuss tips on how you can outlast a job you hate until retirement on In the Workplace. Hosted on Acast. See acast.com/privacy for more information.

Peter Adams, Reporter at the online trade journal, Marketing Dive, joins host Barbara Kahn and guest host Keith Niedermeier to discuss how marketers are breaking with the traditional notions of masculinity such as the Marlboro Man on Marketing Matters. Hosted on Acast. See acast.com/privacy for more information.

Randi Zuckerberg, Founder and CEO of Zuckerberg Media and New York Times bestselling author, joins host Laura Zarrow on Women@Work to discuss her new book "Pick Three: You Can Have It All (Just Not Every Day)" about how we can put our ambitious lifestyle into perspective in an increasingly demanding world, and how we can achieve more if we're willing to be a little flexible.Book - https://www.amazon.com/Pick-Three-Have-Just-Every/dp/B079YBF8SF Hosted on Acast. See acast.com/privacy for more information.

Hosts Catharine Hays and Jenny Rooney talk with Peter Weingard, VP of Brand Strategy and Content at West Elm, and Catherine Hernandez-Blades, Senior Vice President and Chief Brand Officer at Aflac, to find out more about their marketing and branding strategies on CMO Spotlight.Business Radio Monthly Special! CMO Spotlight is by CMOs, for CMOs - and everyone else who wants to know what today's Chief Marketing Officers are thinking and doing, including where they are investing their time, energy, and resources for the future. Hosted on Acast. See acast.com/privacy for more information.

Mack Brown, Football Commentator for ESPN and former National Championship winning coach at Texas, joins hosts Cade Massey, Adi Wyner, and guest host Ty Hildenbrandt, to discuss his outlook for the 2018 NCAA Football season on Wharton Moneyball. Hosted on Acast. See acast.com/privacy for more information.

Host Christian Terwiesch discusses current innovations and the potential future landscape in the Real Estate industry with Bob Goldberg, CEO of the National Association of Realtors, and Jeremy Wacksman, President of Zillow, on Work of Tomorrow. Hosted on Acast. See acast.com/privacy for more information.

Rebecca Ray, Executive Vice President of the Knowledge Organization at The Conference Board, joins hosts Peter Cappelli and Iwan Barankey to discuss the results of the recent Job Satisfaction Survey conducted in 2017 across the US on In the Workplace. Hosted on Acast. See acast.com/privacy for more information.

Kerwin Koni Charles, Edwin A. and Betty L. Bergman Distinguished Service Professor at the University of Chicago Harris School of Public Policy, joins hosts Peter Cappelli and Iwan Barankay to discuss his research on gender discrimination in the labor market as outlined in his recent paper, "The Effects of Sexism on American Women: The Role of Norms vs. Discrimination" on In the Workplace. Hosted on Acast. See acast.com/privacy for more information.

Corey Hoffstein, Co-Founder and CIO of Newfound Research, joins host Jeremy Schwartz to discuss risk management, portfolios, 60/40 investments, and more on Behind the Markets. Hosted on Acast. See acast.com/privacy for more information.

Anthony Klotz, Associate Professor of Management at Oregon State University, joins hosts Peter Cappelli and Dan O'Meara to discuss the politics and potential affects of kissing up at work on In the Workplace. Hosted on Acast. See acast.com/privacy for more information.

Kim Jackson, Co-Founder and President of Entertainment at SingularDTV, joins host Laura Zarrow to discuss how she’s making a name for herself in the blockchain space by combining this cutting-edge technology with her passion for filmmaking on Women@Work. Hosted on Acast. See acast.com/privacy for more information.

Alina Sorescu, Professor of Marketing at Texas A&M, joins host and Wharton Prof Americus Reed to discuss her brand infringement research outlined in recently published paper "Hands Off My Brand! The Financial Consequences of Protecting Brands Through Trademark Infringement Lawsuits" on Marketing Matters. Hosted on Acast. See acast.com/privacy for more information.

Dr. Roberta Kraus, President of the Center for Sports Psychology in Colorado, joins host Anne Greenhalgh to discuss the leadership value in team sports, and how we can maximize the effectiveness of our feedback for young athletes on Leadership in Action. Hosted on Acast. See acast.com/privacy for more information.

Terry Doyle, Chief Operating Officer of EZ Robot, joins host Rob Coneybeer to discuss EZ Robot, the innovative platform to build your dream robots for your home, classroom, or industry prototype. Terry will also speak about his time as Co-Chair of the C100, a non-profit organization comprised of high profile Canadian expat technology entrepreneurs, executives, and investors living and working in Silicon Valley on Launch Pad. Hosted on Acast. See acast.com/privacy for more information.

Dr. Heidi Grant, Global Director of Research and Development at the Neuroleadership Institute and Associate Director of the Motivation Science Center at Columbia University, joins host Laura Zarrow to discuss her new book, "Reinforcements: How to Get People to Help You" and how we can apply these tactics in the workplace on Women@Work. Hosted on Acast. See acast.com/privacy for more information.

Chris Librie, Head of Global Impact & Giving at eBay, joins hosts Sherryl Kuhlman and Sandi Hunt to discuss some of eBay's initiatives to help build sustainable communities like Retail Revival, eBay for Charity, and more on Dollars and Change. Hosted on Acast. See acast.com/privacy for more information.

Syed Hussain, Chief Commercial Officer for BANKEX, joins hosts and Wharton Profs Anne Greenhalgh and Mike Useem to explain blockchain technology and talk about why this space is attracting so much interest on Leadership in Action. Hosted on Acast. See acast.com/privacy for more information.

Brandon Taubman, Senior Director of Baseball Operations and Analytics for the Houston Astros, joins hosts and Wharton Profs Cade Massey, Shane Jensen, and Adi Wyner to discuss baseball analytics initiatives affecting various areas of the Astros organization, including scouting and player development on Wharton Moneyball. Hosted on Acast. See acast.com/privacy for more information.

Dr. Nancy Rothstein, Director of Corporate Sleep Programs at CIRCADIAN, joins host Stew Friedman to discuss what the unintended consequences are of getting enough sleep and strategies you can employ to improve your sleep patterns on Work and Life. Hosted on Acast. See acast.com/privacy for more information.

Greg Valliere, Chief Global Strategist at Horizon Investments, joins host Jeremy Schwartz to discuss how events in Washington, from policy to politics, might affect your investments on Behind the Markets. Hosted on Acast. See acast.com/privacy for more information.

Andy Price, Founder at Artisanal Talent Group, joins host Rob Coneybeer to discuss his career in the executive search industry and how his high-touch executive search firm helps portfolio companies address their senior strategic executive and Board hiring needs on Launch Pad. Hosted on Acast. See acast.com/privacy for more information.

Steve Wunker, Managing Director of New Markets Advisors, joins host Harbir Singh to discuss his new book "COSTOVATION: Innovation that Gives Your Customers Exactly What They Want—and Nothing More" where he explains how companies can still innovate without breaking the budget on Mastering Innovation. Hosted on Acast. See acast.com/privacy for more information.

Host Mike Useem talks with Brandon Webb, CEO of Hurricane Group, Inc. and Retired US Navy Chief and SEAL, about his book "Mastering Fear: A Navy SEAL's Guide" and how everyone can harness fear to become their ally on Leadership in Action. Hosted on Acast. See acast.com/privacy for more information.

Matt Sigelman, CEO of Burning Glass Technologies, joins hosts Prof Peter Cappelli and guest host Prof Greg Shea to discuss Burning Glass Technologies' recent report "The Permanent Detour: Underemployment’s Long-Term Effects on the Careers of College Grads" on In the Workplace. Hosted on Acast. See acast.com/privacy for more information.

Host Laura Zarrow talks with Alaina Percival, the CEO of Women Who Code, a global nonprofit dedicated to inspiring women to excel in technology careers offering more than 1,500 free technical and leadership events per year on Women@Work. Hosted on Acast. See acast.com/privacy for more information.

Brad Haley, CMO of IHOP, joins host Prof David Reibstein to discuss the decision making behind IHOP's recent temporary brand change to IHOb and whether they judge the strategy as a success on Measured Thoughts. Hosted on Acast. See acast.com/privacy for more information.

Janis Bowdler, President at JPMorgan Chase Foundation, joins hosts Nick Ashburn and Sherryl Kuhlman to discuss the Foundation's recent commitment to invest $1.75B over the next five years to strengthen workforce systems, revitalize neighborhoods, grow small businesses, and improve the financial health of individuals across the United States and all over the world on Dollars and Change. Hosted on Acast. See acast.com/privacy for more information.

Dr. Nancy King, President of Senior Options, LLC, joins host Dr. Dawn Graham to discuss her new book "Fired: How to Manage Your Career in the Age of Job Uncertainty" and share what she's learned after traveling the US interviewing people who have been let go on Career Talk.Book here: https://www.amazon.com/Fired-manage-your-career-uncertainty/dp/1978407130 Hosted on Acast. See acast.com/privacy for more information.

Alex Salkever, Technology Expert and former Technology Editor at BusinessWeek, and Vivek Wadhwa, Distinguished Fellow at Harvard Law School’s Labor and Worklife Program and Professor at Carnegie Mellon University's College of Engineering, join host Rob Coneybeer to discuss their new book "Your Happiness Was Hacked: Why Tech Is Winning The Battle To Control Your Brain - And How To Fight Back" on Launch Pad. Hosted on Acast. See acast.com/privacy for more information.

Hosts and Wharton Profs Cade Massey and Eric Bradlow discuss how John worked the odds and beat our over 7,500 other players to win $8.8 Million US dollars on Wharton Moneyball. Hosted on Acast. See acast.com/privacy for more information.

Randy Komisar, Veteran Venture Capitalist, joins host Doug Collom to discuss tips and tricks from his book "Straight Talk for Startups: 100 Insider Rules for Beating the Odds-From Mastering the Fundamentals to Selecting Investors, Fundraising, Managing Boards, and Achieving Liquidity" on Bay Area Ventures. Hosted on Acast. See acast.com/privacy for more information.

PwC's Tim Bodner, US Real Estate Deals Leader, and Byron Carlock, Real Estate Practice Leader, join host Bob Lane to discuss the results of PwC's recently released Real Estate Deals Insights: Q2 2018 on The Real Estate Hour. Hosted on Acast. See acast.com/privacy for more information.

Sarah Light, Assistant Professor of Legal Studies and Business Ethics at the Wharton School, joins host Dan Loney to discuss her recent B-School Seminar presented to congressional staffers that focuses on examining the challenges facing regulators and legislators when new disruptive forms of business and technology require regulations that promote innovation while also protecting the public interest.This seminar is part of the Penn Wharton B-School for Public Policy, a new monthly series of faculty-led seminars for policymakers on Knowledge@Wharton. For more information about how to get involved with Penn Wharton B-School for Public Policy, visit: https://publicpolicy.wharton.upenn.edu/b-school/get-involved/ Hosted on Acast. See acast.com/privacy for more information.

Todd Sensing, Founder of FamilyVest, joins host Wharton Prof Kent Smetters to discuss the unique considerations when financial planning for those with special needs children on Your Money. Hosted on Acast. See acast.com/privacy for more information.

Hosts and Wharton Profs Barbara Kahn and Americus Reed talk with Richard Wong, VP of Marketing & Creator Relations of #pad, and Danielle Bernstein, Fashion Blogger (We Wore What) and Social Media Influencer, to examine the complex world of social media influencer marketing and how brands are connecting with influencers more than ever on Marketing Matters. Hosted on Acast. See acast.com/privacy for more information.

Mehmood Khan, Vice Chairman and Chief Scientific Officer at PepsiCo, joins hosts Nick Ashburn and Sandi Hunt to discuss the sustainability initiatives he oversees with PepsiCo Global Performance with Purpose, inspired by the fundamental belief that business success is inextricably linked to the sustainability of the world we share on Dollars and Change. Hosted on Acast. See acast.com/privacy for more information.

Host Mitch Goldman talks with a panel of experts about the current state of the ACA legislation and what changes might affect the upcoming enrollment period on The Business of Health Care. Expert Panelists include: Robert Field, Professor of Health Management and Policy at Drexel's Dornsife School of Public Health, Lecturer of Health Care Management at the Wharton School, and Senior Fellow at Penn's Leonard Davis Institute of Health Economics; Katie Keith, Professor at Georgetown Law, Appointed Consumer Representative to the National Association of Insurance Commissioners, and Author of "Following the ACA" blog; and Sara Collins, Vice President for Health Care Coverage and Access program at The Commonwealth Fund. Hosted on Acast. See acast.com/privacy for more information.