A new study by Prof. Joseph Weber and his colleagues “attempts to understand how financial statement auditors detect, resolve, and deal with the aftermath of material misstatements (MMs) in companies’ financial statements,” reports Joseph Brazel for Forbes.
Writing for WBUR, Prof. Emeritus Thomas Kochan and Wilma Liebman, former chair of the National Labor Relations Board, explore the current rise in worker activism and how to rebalance the relationship between employees and management. “The challenge, as ever, is to translate successful organizing campaigns into successful negotiations, resulting in labor agreements that provide ongoing representation for workers,” they write.
David HC Correll, a research scientist at the MIT Center for Transportation and Logistics, writes for The Hill about how environmental, social and governance (ESG) criteria impacts global supply chain managers and their sustainability efforts. “From 2020 to 2021, we observed that investors were by far the fastest-growing driver of sustainability pressure on firms,” writes Correll. “At the same, the understanding of what exactly ESG and supply chain sustainability entails changes depending on the geography, industry and year that we ask.”
Joseph Coughlin, director of the MIT AgeLab, writes for Forbes about the impact Baby Boomer and Gen X retirement can have on the increasing labor shortage in the United States. “While some millennials can’t wait for the Boomers and older Gen X’ers to step aside in the job market, there are critical labor shortfalls in many key industries that will be sharply felt by Millennials as consumers and as the next generation of leadership in business and government,” writes Coughlin.
Writing for The Washington Post, Prof. Sinan Aral explores the information war underway over traditional and social media about the Russian invasion of Ukraine. “While it is hard to pinpoint the extent to which the information war is contributing to the overwhelming international unity against Putin’s aggression,” writes Aral, “one thing is clear: Social media, mainstream media and the narrative framing of the invasion of Ukraine undoubtedly will play an important role in how this conflict ends.”
Prof. Stuart Madnick speaks with WCBV-TV reporter David Bienick about concerns surrounding Russian cyberattacks. “Madnick suggests that in order to protect themselves from cyberattack, people should update their computer protection systems and be extra leery of suspicious emails and links,” says Bienick.
STAT reporter Faye Flam spotlights research from Prof. David Rand, University of Regina Prof. Gordon Pennycook and their colleagues that shows people “really want to share accurate information but give into the temptation to share juicy bits of gossip they think will please their friends or that make them look good.”
Prof. David Rand and Prof. Gordon Pennycook of the University of Regina in Canada found that people improved the accuracy of their social media posts when asked to rate the accuracy of the headline first, reports Faye Flam for Bloomberg. “It’s not necessarily that [users] don’t care about accuracy. But instead, it’s that the social media context just distracts them, and they forget to think about whether it’s accurate or not before they decide to share it,” says Rand.
Writing for the Financial Times, Prof. Kristin Forbes emphasizes the importance of central banks reducing their balance sheets during economic recoveries. “Now is an opportune moment to use their balance sheets to fight inflation while supporting a balanced and sustainable recovery,” writes Forbes.
Writing for The Wall Street Journal, Prof. Kate Kellogg explores how managers can more effectively help their employees transition to using new technologies. “Managers need to realize that introducing emerging technologies such as artificial intelligence, data analytics and robotics aren’t straightforward,” writes Kellogg. “Managers who hope to successfully implement these technologies need to focus on issues of employee status and roles, and the amount of new work that will need to be done.”
Prof. Haoxiang Zhu has been named head of the U.S. Securities and Exchange Commission’s Division of Trading and Markets, “where he is expected to help the regulator lead major new policies around equity market structure, among other priorities,” reports Katanga Johnson for Reuters.
Forbes reporter Derek Newton spotlights Nwanacho Nwana '20, co-founder of education startup Valfee, a communications program aimed at engaging students with public speaking skills. “We truly believe that feedback-based learning is optimal for long term growth, and that the future of student learning is gamified,” Nwana tells Newton.
In an Op-Ed for the Los Angeles Times, Prof. Sinan Aral writes about the need for a coordinated response to the pandemic across state lines. “When a state reopens while its peer state remains closed, travel spikes from the closed state into the open state,” notes Aral. “Only when both states adopt similar shelter-in-place policies does travel between the states diminish.”
In this Wall Street Journal article, senior MIT Sloan lecturer Robert Pozen and Prof. S.P. Kothari explain the causes of inflated executive pay. As a solution, Pozen and Kothari write that compensation committees should, “be required to disclose the revenues and market capitalizations of the peers they select.”