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☆ University of Pennsylvania 'should have moved faster' in condemning antisemitism, its president admits, days after Apollo CEO called for her resignation
▼ + stars: | 2023-10-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementThe University of Pennsylvania "should have moved faster" in condemning the antisemitic views of speakers that appeared at a recent Palestinian literary festival held on campus, its president said. He was also one of 4,000 people to sign a letter condemning the university for hosting the festival. But, in light of the terror attack by Hamas on Israel, Rowan said the response was not enough. AdvertisementAdvertisementIn the statement Sunday, Magill said that the university could've been more forceful in condemning anti-Semitism in its initial statement on the festival. I, and this University, are horrified by and condemn Hamas's terrorist assault on Israel and their violent atrocities against civilians.

Persons: —, Elizabeth Magill, Magill, Marc Rowan, Rowan, Magill's, Roger Waters, Pink Floyd, Marc Lamont Hill, Waters, Hill, Rowan's oped, Carolyn, could've Organizations: The University of Pennsylvania, Service, of Pennsylvania, University, Penn, Apollo Global Management, CNN, The Daily, Wharton School's, Advisors, Daily Locations: Israel, Gaza, Palestinian, UPenn, Palestine

☆ Billionaire CEO demands UPenn leaders quit and donations halt over alleged failure to address antisemitism on campus
▼ + stars: | 2023-10-12 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Wall Street CEO Marc Rowan is calling for the leaders of the University of Pennsylvania to resign and donors to close their checkbooks over an alleged failure to condemn antisemitism and hate. Words of hate and violence must be met with clear, reasoned condemnation, rooted in morality from those in positions of authority,” Rowan wrote. Rowan, whose fortune is estimated by Forbes to be nearly $6 billion, is one of the university’s wealthiest donors and supporters. But the billionaire CEO argues UPenn leaders failed to condemn the “hate-filled” Palestine Writes Literature Festival, a multi-day event that took place at the university’s campus last month. “We unequivocally – and emphatically – condemn antisemitism as antithetical to our institutional values,” the UPenn leaders wrote.

Persons: Marc Rowan, Rowan, UPenn, ” Rowan, ”, Elizabeth Magill, John Jackson , Jr, “, ‘, Scott Bok, Magill, Bok, Julie Platt, Penn, ” Platt, ” Bok, “ Mr, ’, Jackson, Jr, Steven Fluharty, Rowan’s UPenn, Bill Ackman, Israel Organizations: New, New York CNN, Wall, University of Pennsylvania, Apollo Global Management, Forbes, Wharton School, Ivy League, Penn, Hamas, University, Penn’s, Trustees, Greenhill & Co, Penn’s Board, School of Arts & Sciences, Daily, CNBC, Harvard University Locations: New York, Israel, Palestine, UPenn

☆ Apollo CEO Marc Rowan on UPenn op-ed: We are at Penn a bastion of 'preferred' speech
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApollo CEO Marc Rowan on UPenn op-ed: We are at Penn a bastion of 'preferred' speechApollo Global Management CEO Marc Rowan joins 'Squawk Box' to discuss his decision to write an op-ed to UPenn's student newspaper criticizing university president Elizabeth Magill and board of trustees chair Scott Bok over a Palestinian literary festival held last month, fighting antisemitism on college campuses, rising tensions following the Israel-Hamas war, the double standard in the exercise of free speech, and more.

Persons: Marc Rowan, UPenn, Elizabeth Magill, Scott Bok Organizations: Apollo Global Management Locations: Penn, Palestinian, Israel

☆ Apollo CEO is calling for University of Pennsylvania leaders to resign after he says they refused to strongly condemn antisemitism
▼ + stars: | 2023-10-11 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Apollo Global Management CEO Marc Rowan is calling for University of Pennsylvania leaders to resign. AdvertisementAdvertisementApollo Global Management CEO Marc Rowan is the latest business leader to slam an Ivy League institution for not taking a stronger stance against what he called antisemitism. AdvertisementAdvertisementAt the time, the university responded, saying in a statement that "we unequivocally — and emphatically — condemn antisemitism as antithetical to our institutional values." But, in light of the attack by Hamas on Israel, Rowan has said the response was not enough. "We see sickening parallels between Harvard leadership's inaction against Harvard's antisemitism and the failure by UPenn's leadership to take a stand against hate," Rowan wrote in his letter.

Persons: Marc Rowan, Hedge, Bill Ackman, Israel, —, Elizabeth Magill, Scott Bok, Rowan, Magill, Magill's, didn't, Pink Floyd, Roger Waters, Carolyn, Ackman, Jonathan Newman, Jake Wurzak, Penn Organizations: Apollo Global Management, University of Pennsylvania, Hamas, Harvard, Service, Global Management, Ivy League, Daily, Defamation League, Jewish, Wharton School's, Advisors, Pershing, Capital Management, Dovehill Capital Management Locations: Israel, UPenn, mater

☆ Nobel Prize winner Katalin Karikó was 'demoted 4 times' at her old job. How she persisted: 'You have to focus on what's next'
▼ + stars: | 2023-10-06 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +6 min

On Monday, Karikó, along with her collaborator Drew Weissman, won the Nobel Prize in Physiology and Medicine. It's clear, and impressive, that Karikó didn't take those obstacles personally. Suhadolnik didn't receive the news well, she says. If you have a Ph.D. from an American Ivy League [university], that's better compared to if you have a degree from a foreign university." The type of work Karikó does, Feigl-Ding says, doesn't make splashy headlines, because groundbreaking work rarely does.

Persons: Pfizer Covid, Katalin, Drew Weissman, Karikó, didn't, Robert J, Suhadolnik, Susan, Suhadolnik didn't, Gregory Zuckerman's, I'm, wasn't, Eric Feigl, Ding, doesn't, Nobel, Albert Einstein didn't, Ding epidemiologist, Weissman Organizations: Pfizer, Moderna, CNBC, University of Pennsylvania, University of Szeged, Biological Research, Temple University, Uniformed Services University of, Health Sciences, New, Systems Institute, Harvard Medical School, American Ivy League, Universities, Systems, Harvard Medical Locations: Hungary, Philadelphia, Bethesda , Maryland, UPenn, United States, U.S, New England

CNN —This year’s Nobel Prize in physiology or medicine has been awarded to Katalin Karikó and Drew Weissman for their work on mRNA vaccines, a crucial tool in curtailing the spread of Covid-19. The Nobel Prize committee announced the prestigious honor, seen as the pinnacle of scientific achievement, in Sweden on Monday. Rickard Sandberg, a member of the Nobel Prize in medicine committee, said, “mRNA vaccines together with other Covid-19 vaccines have been administered over 13 billion times. They sold their car, Karikó told The Guardian, and stuffed the money – an equivalent of about $1,200 – in their daughter’s teddy bear for safekeeping. Weissman told CNN that their technology is much more efficient than traditional methods of producing vaccines.

Persons: Katalin Karikó, Drew Weissman, “, Karikó, Weissman, Rickard Sandberg, ” Karikó, Steffen Trumpf, BioNTech, Penn Medicine J, Larry Jameson, . Weissman, ” Jameson, Drew, ”, Hope, I’m Organizations: CNN, University of Pennsylvania, Pfizer, Penn Medicine, UPenn’s School of Medicine, Kati, Temple University, Guardian, Moderna Locations: Covid, Sweden, Hungarian, American, Germany, Norway, Hungary, United States, Philadelphia, UPenn

☆ Kids of the 1% are twice as likely to get into 'Ivy Plus' colleges, even when their grades are no better than anyone else's
▼ + stars: | 2023-07-26 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

A new study shows kids of the top 1% are over twice as likely to be admitted to Ivy Plus colleges. That's despite scoring no better than students of other income groups, per an Opportunity Insights study. Ivy Plus refers to the eight Ivy League colleges Brown, Columbia, Cornell, Dartmouth, Harvard, UPenn, Princeton, and Yale, plus Stanford, MIT, Duke, and the University of Chicago. On Tuesday, the US Department of Education launched a federal civil rights probe against Harvard, alleging favoritism towards legacy students in their admission process, per Reuters. The Ivy Plus colleges did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Rhodes Organizations: Ivy Plus, Service, Opportunity, Harvard, Ivy, Ivy League colleges Brown, Cornell, Dartmouth, Yale, Stanford, MIT, Duke, University of Chicago, US, Associated Press, US Department of Education, Reuters Locations: Wall, Silicon, Columbia, UPenn, Princeton

☆ Fine wine is souring as investment prices sink
▼ + stars: | 2023-07-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. The company currently manages $375 million worth of fine wine assets (that’s a 45% increase year on year). Fine wine has had a compound annual growth rate of 10% over the last 30 years, according to the Liv-Ex investables index, which tracks the going rates for fine wines. Leading the way in losses is Bordeaux, which experienced the largest drop of all fine wine categories in June. That’s a bit worrisome, said Tiwari, as Bordeaux is the most established region in the fine wine investment market and typically maintains its price stability.

Persons: Jay, David Beckham, Stephen Curry, Liv, ”, Atul Tiwari, That’s, Tiwari, SVB, Rob McMillan, “, we’re, LIV Golf, Chris Isidore, Richard Blumenthal, Ron Price, Jimmy Dunne, Sen, ” Dunne, LIV, Clare Duffy, Clare Organizations: CNN Business, Bell, New York CNN, Cult Wines, SEC, First Citizens Bank, “, PGA Tour, Saudi, PGA, Connecticut Democrat, University of Pennsylvania Locations: New York, Bordeaux, London, Silicon, Napa, California, “ California, Saudi, American, Connecticut, Clare

☆ A Wharton professor says AI is like an 'intern' who 'lies a little bit' to make their bosses happy
▼ + stars: | 2023-05-20 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

UPenn professor Ethan Mollick compares AI to an "intern" who "lies a little bit," CBS reports. Like interns, AI tools require guidance for their outputs to be useful, according to Mollick. Similar to interns who may overcompensate to get ahead of the curve, Mollick compares AI to an "infinite intern" who "lies a little bit" and, at times, wants to make their bosses "a little happy." But like interns, AI requires guidance for its outputs to be useful. Mollick's thoughts on AI come as generative AI tools like OpenAI's ChatGPT take the world by storm.

☆ Move over McKinsey: This Gen Z founder is offering fellow grads an alternative to delayed start dates at consulting firms
▼ + stars: | 2023-05-16 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

He's attracting fellow 2023 graduates whose start dates were delayed at major consulting firms. These delays mean recent grads won't be pulling in big salaries from the major consulting firms — at least not right away. InstagramForced to rethink their futuresMany business students follow a traditional path from the Ivy League to top investment-banking or consulting firms. One, who has an offer to start at McKinsey in February, told Ou he is considering going to law school instead. By assisting gig workers, Ou expects Talentifyr's workers will see a direct and positive impact from their work.

☆ Deutsche Bank, Credit Suisse, and what to know about the financial turmoil — and how one company is working to boost the number of women on Wall Street
▼ + stars: | 2023-03-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The program collaborates with UPenn's Wharton business school, and it teaches college women the fundamentals of markets, portfolio management, and finance. Katherine Jollon Colsher, President and CEO, Girls Who Invest Girls Who InvestKatherine Jollon Colsher is the chief executive officer and president of Girls Who Invest, a nonprofit that aims to help women enter asset management and other careers across Wall Street. Katherine Jollon Colsher: We work exclusively in the buy side, and we do focus exclusively on placing women in internships and frontline investing roles to advance more women portfolio managers. With that, our vision is for 30% of the world's investable capital to be managed by women by 2030. Shares of the German bank tumbled on Friday, as the cost of credit default swaps linked to its bonds shot higher.

☆ Fed policy looks very misguided right now, says Wharton's Jeremy Siegel
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed policy looks very misguided right now, says Wharton's Jeremy SiegelJeremy Siegel, UPenn Wharton School of Business professor emeritus of finance, joins 'Squawk Box' to discuss Siegel's expectations for next week's Federal Reserve announcement, the data the Federal Reserve needs to monitor and more.

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on market anxiety over Fed rate hikes
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wharton's Jeremy Siegel on market anxiety over Fed rate hikesJeremy Siegel, UPenn Wharton School of Business professor emeritus of finance, joins 'Squawk Box' to discuss Siegel's expectations for next week's Federal Reserve announcement, the data the Federal Reserve needs to monitor and more.

☆ Remnants of 5,000-year-old tavern discovered in Iraq include an oven, refrigerator, benches for customers, and even an ancient beer recipe
▼ + stars: | 2023-02-15 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

Archaeologists found the remains of a 5,000-year-old tavern in Iraq, CBS News reported. The site is known to be among the earliest urban centers of the Sumerian civilization. A primitive refrigerator and a recipe for beer were among items uncovered. Archaeologists also found a recipe for ancient beer at the site, CBS News reported. Pittman told AFP the archaeologists also found a refrigerator, as well as "hundreds of vessels ready to be served" and "benches where people would sit."

☆ A Wharton business school professor said Bing will get 'much higher grades' than ChatGPT
▼ + stars: | 2023-02-15 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

UPenn professor Ethan Mollick expects Bing's AI chatbot to "receive much higher grades" than ChatGPT. Mollick compared the chatbots' essays and found that Bing generates "much higher quality" responses. More testing confirmed to Mollick that Bing may be more powerful than ChatGPT, claim that Microsoft has made in the past. When he pushed Bing to include his readings throughout the syllabus, it fabricated books that he didn't write. Despite a widespread school ban of ChatGPT, Mollick isn't the only educator who sees AI chatbots as a learning opportunity.

☆ Some New York City high schoolers reportedly don't like ChatGPT-created lessons, calling them 'biased' and 'very bland'
▼ + stars: | 2023-02-07 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

A Bronx high school teacher asked ChatGPT to make a lesson plan and script on wearable tech, per NYT. Students followed the lesson as part of an experiment — and they were unhappy with the results. Jayda Arias, an 18-year old student, told the Times that the lesson was "very bland" and that it "reminded me of fourth grade." The classroom experiment comes as teachers at schools inside and outside of New York grapple with how to integrate ChatGPT into their curriculums. Shuman's ChatGPT lesson experiment was part of that approach.

☆ A Wharton business school professor is requiring his students to use ChatGPT
▼ + stars: | 2023-01-26 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

UPenn professor Ethan Mollick now requires his students to use ChatGPT in their studies, per NPR. While some schools banned ChatGPT, Mollick said that it can serve as a useful learning tool. Ethan Mollick, an entrepreneurship and innovation professor at the University of Pennsylvania's Wharton School, told NPR on Thursday that he now requires his students to use ChatGPT to help with their classwork. His new AI policy — which NPR reviewed — calls AI usage an "emerging skill." During class this week, nearly all of his students used ChatGPT to help generate project ideas for an assignment.

A study published Wednesday in JAMA Psychiatry found that abortion restrictions may have played a role in some suicide deaths among younger women from 1974 to 2016. The study is the first of its kind to show an association between abortion restrictions and suicide rates among younger women, said Dr. The researchers did not find the same association for older women, he said, suggesting that the increased suicide risk was specific to women directly affected by TRAP laws. Elevated suicide rates in states with more restrictive abortion laws "is cause for clinical concern," he wrote. That research ended in 2016, though, so it's unclear how newer abortion restrictions — such as the Supreme Court decision to overturn Roe v. Wade — have affected suicide rates among younger women.

☆ How an early investor in StockX and The Athletic built a sports VC firm and got the Cavs owner to back him
▼ + stars: | 2022-11-17 | by ( Colin Salao | ) www.businessinsider.com time to read: +6 min

Vasu Kulkarni is the founder and CEO of Courtside VC, a venture firm focused on sports. His company was one of the early investors of StockX and The Athletic, but "missed" on Overtime. Kulkarni built Courtside VC to help sports startup founders like himAs Krossover grew into a multimillion-dollar company, Kulkarni began to realize the opportunity to invest in other sports-related startups. But Courtside VC has hit on enough startups to raise another $55 million in 2019. Courtside VC has invested in focusing on youth sports, fitness and wellness, esports, sneaker culture, and real-money gaming.

Associate Justice Elena Kagan poses during a group photo of the Justices at the Supreme Court in Washington, U.S., April 23, 2021. Erin Schaff/Pool via REUTERS/File PhotoOct 21 (Reuters) - Liberal Justice Elena Kagan on Friday expressed hope that her colleagues on the conservative-dominated U.S. Supreme Court could get back to finding "common ground," saying it risked looking political by continuing to overturn legal precedents. Speaking at an event at the University of Pennsylvania, Kagan did not explicitly reference the Supreme Court's decision in June to overturn the landmark 1973 Roe v. Wade ruling that legalized abortion nationwide. Cases on the court's docket this term present opportunities for the court's conservative justices to flex their mussels further by weakening the landmark Voting Rights Act and barring the consideration of race in college admissions. "Time will tell whether this is a court that can get back to finding common ground, to ratcheting down the level of decision making so we can reach compromises," Kagan said.

☆ I'm a law student who managed to snag 2 job offers from prestigious firms before on-campus recruiting even began. Here's how I did it.
▼ + stars: | 2022-09-12 | by ( Jack Newsham | ) www.businessinsider.com time to read: +9 min

A former pro athlete and first-gen law student, he started networking before school started. David Ako Abunaw III is a former professional athlete and a student at the University of Pennsylvania's law school. But I feel like it's common for law students to be very type A, so that's never going to be me. Networking with law firms was key to getting early interviews and offersI started networking before law school. I spoke with people at several law firms, either UPenn graduates or people I had something else in common with.

☆ The key piece of leadership advice a tech exec with more than 2 decades of experience shares with her mentees when they're nervous about sharing their ideas at work
▼ + stars: | 2021-02-02 | by ( May Teng | ) www.businessinsider.com time to read: +5 min

It's hard to raise your voice when you're underrepresented in a certian industry or company. Joining a company with a majority of women in the C-suite is a rarity, especially in the tech industry. Women make up less than 35% of the workforce at the five biggest tech giants, Amazon, Apple, Facebook, Google, and Microsoft. Read more: A UPenn psychologist shares how anyone can emulate Joe Biden's most impressive leadership traitsIgnore self-doubtIt's natural to second-guess yourself. "Just because you see the world a different way, it does not mean you're wrong," Yu said.

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