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Nothing. Just wait until B-school rankings come out in a month. Then youÕll see Òprofound effect.Ó
-D. Greg Krikorian, MBA2
The Financial Turmoil in Russia that generated a huge chain effect to Europe, Latin America and the globe as a whole.
-Joe Chang, BBA1
The most profound event of the summer... an admitted (like there was any doubt) an inappropriate relationship with a 21-year-old. Politics shapes the business environment, and it will be very interesting to see what an effect this debacle will have come election time.
-Keenan Driscoll, MBA1
The impact the Asian crisis had on the US stock market. The large drop in the Dow has finally reminded investors the last several years of strong growth is not guaranteed.
-Mateo Alejandre, MBA 1
Too easy - the increase in B-School tuition! Duh!
-Piyush Bhargava, MBA2
Definitely not President ClintonÕs inappropriate relationship with Monica Lewinsky. The world economic system and free trade were put to test with countries in Asia (and Russia and South America) began to lose faith in IMF prescriptions for managing the economy to overcome the economic crisis. Some countries went so far as to adopt policies that run counter to IMF prescriptions (e.g. currency control in Malaysia, expansion of money supply in Russia), in direct challenge to the economic orthodoxy preached by IMF (and US).
-Kwee Hong Teh, MBA1
My turning 21 in June!
-Ryan Perrone, BBA2
Russian crisis! The effects of the downfall of Asian tigers combined with Russian political and economic turmoil increased the volatility in stock markets and re-valuation of asset and commodity prices. It was the biggest shock to rock the business world this summer.
-Gourang Shah, MBA2
Corporate consolidation. it missed the big headlines because itÕs not brow-raising tabloid stuff.
-Niko Voutsinas, BBA1
The merger between Chrysler and Daimler Benz, without a doubt.
-Daniel Johnson, BBA1
The Russian financial crisis will ultimately have the greatest impact of all the events that transpired during the summer. The world financial markets have not yet seen all of the ramifications that are likely to come from the turmoil that has surfaced. It is very possible that the woes that Russia has seen could spread across the world and force more currency devaluationÕs and further slow world economic growth. Not to mention it doesnÕt help me get a #$%$^ job!
-Jason Smith, MBA2
Overheard at the ÒMeet The Clubs FairÓ:
1) ÒLet them worry about it, IÕm getting out of here.Ó -from a leader of the Students for Responsible Business Club
2) ÒWhat color is his hair anyway, yellow or orange?Ó -a MBA1 female (name unknown)
- Overheard by Jay Khetani, MBA2
ÒI donÕt care whoÕs zoomin who.Ó Roberta Gutman, VP and Director of Global Diversity, Motorola, during LDP
- Overheard by Josh Landau, MBA1
Overheard as the bus passed through Central Campus full of returning students:
ÒWow ... look at all those people!Ó ÒNo, man ... look at all that TUITION!Ó
- Overheard by Devin LaSalle, MBA1
This is from a trader at BankBoston when I asked him about the efficient market theory:
ÒThat is all bull taught by the B-schools. Here, my friend, I have made millions in a week on pure arbitrage opportunities. For example, Argentinian Par and Disc move together. One day, Pars were above the yield curve and Discounts were not. Immediately, I bought Pars and sold Discount and kaboom - made $9 million the next day without investing a single penny. Would this be possible if markets were efficient?Ó
- Overheard by Gourang Shah, MBA2
Sonia Verma, explaining her nail polish, ÒIÕm ALL about indulgence.Ó
- Overheard by Matt Rautenberg, MBA2
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