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Mendoza News
A new partnership between Deloitte and the Mendoza College of Business has led to the establishment of the Notre Dame Deloitte Center for Ethical Leadership. Focusing on individual ethics in business leadership, the Center aims to advance research and practical applications that support ethical decision-making. It will also host conferences and workshops to foster a network of professionals and scholars committed to ethical leadership, reflecting both organizations' dedication to integrity and societal well-being.
Former Senator Christopher Dodd, a key figure in the Dodd-Frank financial regulation overhaul, voiced concerns about efforts to undermine the law's effectiveness rather than outright repeal it. During a recent symposium at Notre Dame, Dodd recalled the critical moments in Congress during the 2008 financial crisis, emphasizing the urgency of passing the Troubled Asset Relief Program (TARP) to stabilize the economy. He remains confident that timely actions prevented a more severe collapse of the financial system.
First Person
Notre Dame students exhibit a strong sense of politeness, which can sometimes hinder open dialogue in academic settings. A conversation with a first-year theology student reveals his struggle with faith, stemming from a background of Catholic education and a fascination with atheism. As they discuss his beliefs and understanding of God, the exchange encourages a deeper exploration of faith and the need to move beyond simplistic images of divinity. Ultimately, the encounter reflects the nuances of belief and the potential for growth in understanding what it means to love and believe.
New regulations on derivatives trading aim to increase transparency and enhance monitoring of system-critical institutions. As transactions must now occur on exchanges or through clearinghouses, both parties in a trade are subject to greater regulatory oversight, reducing default risks and allowing regulators to identify potential systemic issues. Two professors weigh in on the impact of these changes, discussing the balance between facilitating oversight and the risk of fostering risky behavior among firms. Meanwhile, a new requirement for companies to disclose highly compensated executive packages could lead to increased scrutiny and embarrassment for top earners in the corporate sphere.
First Person
Friendship can be complex, as illustrated by the experiences of two individuals, Al and Kate, who learned the importance of discerning true friends from mere acquaintances. Al's story reveals the risks of sharing personal aspirations with those who may not have your best interests at heart, while Kate's struggle after a life-altering accident highlights how true friends support each other through tough times, rather than retreating during moments of hardship. Both narratives underscore the reality that not everyone who shares a laugh or a good time is actually a trustworthy friend.
Web Exclusive
In March, business leaders gathered in Chicago for a Notre Dame Conversations on Leadership and Ethics event, featuring insights from the Kraft Foods team about their takeover of Cadbury. This gathering, part of a series designed for alumni of the Notre Dame Executive MBA program, aims to foster ongoing education and discussions about ethical leadership. Monthly meetings include various topics, guest speakers, and networking opportunities, reflecting the group's mission to raise the bar for leadership standards in the business world.
First Person
In a meandering reflection sparked by a particularly forgettable meeting, the author muses on the true essence of entrepreneurship, connecting it to everyday roles like mothers, soldiers, and the very fabric of society itself. By examining the word's origins and meanings in various languages, the piece argues that entrepreneurship is not just about business, but about vision, creativity, and the relentless pursuit of a better world. It paints a picture of individuals and institutions striving not just to create, but to dream of possibilities that extend beyond the current reality.
Mendoza News
Mary K. Hamann, the beloved editor of Notre Dame Business, passed away unexpectedly at the age of 50 while in Paraguay for her daughter's wedding. Her colleagues remember her open-door policy, kindness, and ability to find joy in the ordinary. Known for her heartfelt writing and dedication to celebrating the achievements of others, Mary leaves behind a lasting legacy of friendship, faith, and unconditional love that continues to resonate deeply within the Notre Dame community.
Citrics Biomedical is making strides in the biomedical field with its innovative bone substitute, the CitrOSponge, which recently won $30,000 at a nanotech competition. This new synthetic material is designed to not only aid in bone repair but also naturally break down in the body as real bone regenerates. With a team that includes Notre Dame alumni and a biomedical engineering expert, Citrics is positioned at the intersection of business and cutting-edge nanotechnology.
Editor's Letter
SuHan Park, a first-year MBA student, took it upon himself to connect with young immigrant laborers in New York City. After witnessing their struggles during his daily commutes, he began visiting them every Saturday, offering coffee and meaningful conversations. His initiative grew to include giving away mp3 players loaded with music and inspirational content, all driven by a personal desire to make a difference and foster community amid hardship. As he balances his studies and aspirations to create jobs in Central America, SuHan's ministry emphasizes personal connection and empathy.