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Kelley School of Business

Statement from Kelley School Dean Kesner after Derek Chauvin was found guilty of all three charges in the murder of George Floyd

Posted on by George Vlahakis

Below is a statement from Idalene “Idie” Kesner, dean of the Indiana University Kelley School of Business, after Derek Chauvin was found guilty of all three charges in the murder of George Floyd:

Dear Kelley Students, Faculty, Staff and Alumni,

Eleven months ago, we watched with outrage the appalling video footage of George Floyd’s death as Derek Chauvin kneeled on his neck and back for 9 minutes and 29 seconds. The ensuing months saw mass demonstrations in support of Black lives and redoubled institutional and individual commitments to dismantle systemic racism and to pursue antiracist policies and practices. Over the past several weeks in a Minneapolis courtroom, witnesses recounted anew the tragedy of George Floyd’s death as Derek Chauvin’s murder trial unfolded. Today, the jury convicted Chauvin on each of the three counts with which he was charged. A verdict in a murder trial is at most imperfect justice. It does not erase the pain that accompanied George Floyd’s death, and it does not return him to his loved ones. Today’s result signals some accountability in this instance for this particular officer. Yet there is more to be done to ensure that no one is a victim of the sort of brutality to which George Floyd was subjected and to which Black men and women, as well as indigenous people and other people of color, are disproportionately subjected.

Coming so closely on the heels of the deaths of Daunte Wright and Adam Toledo at the hands of police officers; the abusive traffic stop of Caron Nazario; and the string of mass shootings across the country, including the Atlanta and Indianapolis murders that deeply impacted Asian/Asian American and Sikh communities respectively, the jury’s verdict lands in a moment when we are nonetheless reminded of the necessity that we recommit to fighting systematic racism, wherever it exists. As a community, the Kelley School stands firm in its support against systemic racism, bigotry, discrimination, marginalization, and all forms of oppression.  We ask each member of our community to stand in solidarity, opposing discrimination of any type and recognizing that discrimination due to race, ethnicity, gender, sexual orientation, country of origin, class, or ability is anathema to our values and principles.

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Eli Lilly CIO, Deloitte U.S. board chair and theGrio chief content officer speaking at IU Kelley School

Posted on by George Vlahakis

BLOOMINGTON, Ind. – Diversity Month at the Indiana University Kelley School of Business will conclude with presentations by two successful female leaders in the C-suite and another featuring the chief content officer of theGrio, a news organization covering Black America.

Kelley’s Full-Time MBA Program has been presenting the event series, “Unity in Diversity,” which already has included panel discussions featuring alumni discussing how to be a “person of influence” and how women can succeed in their careers. Chris Gardner, an entrepreneur and author of the autobiographical book, “The Pursuit of HappYness,” spoke on April 16.

Here is more about the upcoming presenters: (more…)

Statements from Kelley students in solidarity with the AAPI Community

Posted on by Kelley School

 

As representatives of the broader Asian and International student body, we whole-heartedly believe that our presence here has brought diversity in the forms of new perspectives, empathy, and purpose. Together, we’ve celebrated each other’s cultures, united communities through our actions, embraced each other’s commonalities, and have learned to love each other as humans. As horrific events arise around the world, we know that the bond and camaraderie that we’ve built here will withstand the forces and hatred that look to divide us.

From 2020 to the present, thousands of anti-Asian hate crimes have emerged from our Asian communities and have traumatized millions of our people, making them feel alone, angry, and scared to live their lives. Our Asian friends and classmates are not immune to these emotions – Over 47% of our students have experienced some type of discrimination, racism, and bias towards them because of their race with several of these instances being in our own Bloomington community. This is absolutely unacceptable.

To this end, we are united to fight against all forms of racism, discrimination, and bias towards our Asian and International people, and we ask that you stand with us.

STAND WITH US

We call on this community and allies to support us in our stand against xenophobia, racism, and discrimination of all kinds, especially towards Asians. Our intent with this statement is to share information in regard to the rise in conflicts and emotions, the history of our people, and ways you can help. We’re calling on our Kelley friends to amplify our voices and commitments towards a more inclusive and equitable future for all.

We ask that you help us take action on the following:

1. Spread Awareness – Share this statement on your networks to help drive awareness across our communities. Use your social media networks to post and re-post messages condemning racism.

2. Advocate Against Anti-Asian Sentiments – Condemn, influence, and stand up against acts of anti-Asian racism and violence within your communities.

3. Educate Ourselves and Each Other – Learn about the racial discrimination against Asians, and how policies and DEI initiatives can bring equality and equity to all minority groups. Have more open dialogue around racism towards Asians in our Kelley community.

4. Report – Report all incidents of racism, discrimination, and hate crimes through both national sites and IU resources.

5. Donate – Support organizations that are actively fighting Anti-Asian racism in the United States and individuals who have been directly affected by hate, assault, and death.

SUPPORT RESOURCES

If you, or someone you know, had an incident with racism, discrimination, or hate crime, please use these resources below:

  1. Report Incidents to Stop AAPI Hate – Organization that was established during the pandemic to raise awareness and combat Asian American and Pacific Islander (AAPI) hate crimes in the United States.
  2. Fighting Racism in COVID-19 Times – This is a list of resources for students, faculty, staff, and community member’s page. The page provides links to report bias incidents and hate crimes, ways to respond and stand against racism, and additional readings.
  3. Guardian – Available across all IU campuses, the Guardian safety app now offers students, faculty, and staff access to personal safety resources and the ability to reach police more easily.
  4. Reporting incidents at IU – Indiana University does not tolerate acts of discrimination, hate, harassment, retaliation, or any other act that is damaging to our safe, civil, and inclusive community—and neither should you.

Read the full statement here. 

 

we must proactively and boldly fight against this racism today, tomorrow, and forever.Statement in Solidarity with the AAPI Community from The Equity and Inclusion Committee, on behalf of Kelley Student Government

On the evening of March 16th, eight people, 6 of whom were Asian, lost their lives in a senseless attack on Atlanta area massage parlors. Without a doubt, this was a hate crime targeting the Asian American community. In the last year, the world has seen an increase in anti-Asian actions and rhetoric. Kelley Student Government strongly condemns yesterday’s racist attacks, as well as all others towards the Asian community. The murders committed by Robert Long were clearly motivated by white supremacy and racist sentiments toward the Asian-American community.

At the Kelley School of Business, we value the diversity, equity, and inclusion of ALL students. Today, in particular, Kelley Student Government is dedicated to ensuring that it is providing an inclusive environment for our Asian American students to be heard, protected, and valued.

To our Asian-American and Pacific Islander (AAPI) community, Kelley Student Government stands with you in this fight. We are your active allies, on whom you can count on to stand up for what is right. With this statement, we are by no means attempting to speak for this community. Instead, we vow to listen and aid in any way we can as allies.

To our non-Asian students, faculty, and staff: stand with us to be actively anti-racist. It is not enough to be “not racist”. Condemn these acts, educate yourselves, and use what you have learned to take action.

To help in this fight against anti-Asian racism, here are a few tangible steps that you as an ally can take:

  1. Attend Bystander Intervention to stop Anti-Asian/American and Xenophobic Harassment hosted by the Great Lakes Asian American Student Services
  2. Sign the petition to Indiana Governor requesting that he condemn racism directed towards Asian Americans and Pacific Islanders.
  3. Educate yourself with media, literature, or academic resources pertaining to the Asian American experience
  4. Read:
    • Essay collection by Cathy Park Hong: Minor Feelings: An Asian American Reckoning
    • National Geographic article by Nina Strochlic: America’s Long History of Scapegoating its Asian Citizens
  5.  Watch:
    • PBS documentary: Asian Americans
    • Youtube Series: Asian American Stories in the Time of Coronavirus

It is not on the AAPI community to do this work for the rest of us. Instead, we must proactively and boldly fight against this racism today, tomorrow, and forever.

Kelley’s Diversity Month begins with honoring first Consortium fellows, other notable alumni

Posted on by George Vlahakis

Eddie C. Brown, Milton Wilson and William G. Mays

Eddie C. Brown, Milton Wilson and William G. Mays

BLOOMINGTON, Ind. – The Indiana University Kelley School of Business and its Full-Time MBA Program are kicking off Diversity Month with the dedication on April 9 of a new series of banners recognizing an accomplished group of alumni who have been part of the school’s history and efforts to be inclusive.

Students, faculty and staff and guests are invited to attend a ceremony via Zoom to dedicate the banners featuring successful alumni of color, including several fellows of the Consortium for Graduate Studies in Management, which Kelley helped to create. Those being honored, or in some cases a family representative, will be invited to speak.

“We wanted to do something visible that honored our history of diversity and the legacies of some of our notable alumni,” said Idalene “Idie” Kesner, dean of the Kelley School and the Frank P. Popoff Chair of Strategic Management. “One long-lasting impact was our decision in the 1960s to become a founding member of The Consortium, a group of universities and corporations that came together to encourage and support Black students — at the time, only men — to pursue an MBA so that we would have more diverse leadership in our nation’s companies.

“Since then, more than 900 Consortium students – men and women representing all underrepresented populations — have graduated from our MBA program, and many have given back to the program with their experience, leadership, and financial gifts,” said Kesner, who added that others being honored on banners are notable because they were “first” in some way or served the university on a larger level.

Kesner said future sets of banners will include women and alumni from other diverse backgrounds.

The theme for MBA Diversity Week will be “Unity in Diversity.” Highlights will include an alumni panel, “Becoming a Person of Influence,” and a panel event featuring several successful businesswomen, “Uplifting the Women Around You.” Chris Gardner, entrepreneur and author of the autobiographical book, “The Pursuit of HappYness,” which was adapted into a 2006 movie starring Will Smith, will speak to Kelley Full-Time MBA students on April 16. He also is the author of the 2009 book, “Start Where You Are,” and the forthcoming book, “Permission to Dream.” (more…)

‘They truly see you’: Students find family, inspiration to fight for social change in Kelley Office of Diversity Initiatives (KODI)

Posted on by Hannah Carroll

KODI advisors Carmund White, Maqubè Reese, and Jamie Gathing sit on a dock with water in the background.

From left: KODI advisors Carmund White, Maqubè Reese, and Jamie Gathing

The Kelley Office of Diversity Initiatives, or KODI, is more than an office at the Kelley School of Business. It’s often described as a family.

“The emotional support and sense of family at KODI is unlike anything I could’ve expected,” said Naomi Jackson, BS’22, a Fry Scholar who serves as Kelley Student Government’s director of equity and inclusion. “They know each student by name.”

“It’s really the one group of people that I can call, I can text, and I can rely on for anything,” says Jonah Katz, BS’21. “It’s the same way that your family at home, they’re the ones that you call for support. I feel like I have that through KODI.”

KODI supports all students in the Kelley Undergraduate Program, with a focus on recruiting, retaining, and advising historically underrepresented students. This includes students who identify as African American, Latino/Hispanic, American Indian/Native American, or Native Hawaiian/Pacific Islander.

“We’re here to support you, as you go through college, in every possible way,” says KODI Director Carmund White. “You will have an opportunity to have a mentor, you will have an academic advisor, you will have advocacy, you’ll have support.”

KODI has three advisors on staff: White, Jamie Gathing, and Maqubè Reese. They are available to help students plan their academic paths, answer questions, and explore ways to get involved with equity and diversity initiatives. Those initiatives include serving on KODI’s Student Advisory Board, becoming a mentor, planning diversity-focused events, or attending a webinar on allyship.

That support and guidance are especially important for students who don’t often see themselves represented on campus and in the business world.

“I struggle with identity,” says Marissa Munoz, BS’22, president of KODI’s Student Advisory Board. “KODI and Maqubè have been a huge help to me. I’ve learned you don’t have to fit in one bucket. There are many buckets,” she says.

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Health savings accounts often overlooked as a financial strategy for building personal wealth

Posted on by George Vlahakis

Piggy bank with stethoscope and calculator

 

BLOOMINGTON, Ind. – Many experts have praised health savings accounts – commonly known as HSAs – for providing a triple tax break. Money is deposited pretax, can grow tax-free and is not taxed when it is spent, as long you as the expenses are eligible. During the pandemic, they have become an important way to save for unexpected healthcare costs.

But for those graduating from college and beginning a new career, health savings accounts also can be the first key to accumulating wealth, according to a new article by Greg Geisler, clinical professor of accounting in the Indiana University Kelley School of Business.

“Employees beginning their career often wonder how to gain financial freedom as soon as possible. Options for part of their monthly paycheck not allotted to spending include investing and paying down debts,” Geisler said. “Articles in the financial press often recommend getting the maximum employer 401(k) match since it is essentially free money. But after that, the recommendations vary and there is little analysis of which recommendation maximizes wealth. No one is talking about health savings accounts.”

Greg GeislerWriting in the current issue of the Journal of Financial Service Professionals, Geisler ranked the most tax-efficient financial moves that young people should make when beginning a career. His first two steps are to put the maximum into a health savings account and put enough into a 401(k) to obtain the greatest employer match.

“Ideally, these first two moves should be made together,” he said. “Even if your HSA doesn’t have an employer contribution, if you’re in the 22 percent tax bracket, where many new college graduates find themselves in, this health savings account will actually make you wealthier than a 50 percent employer match on your 401(k).”

“Retirement accounts have two tax advantages, but an HSA is the only account that has three.”

You can only set aside money in an HSA if you have high-deductible health insurance plan coverage, which is becoming the most commonly provided coverage offered by employers.

In the last year, the list of eligible health related expenses that can be paid or reimbursed for out of an HSA has expanded, now including over-the-counter medications. On March 26, the IRS also said that face masks, hand sanitizers and sanitizing wipes purchased to prevent the spread of COVID-19 were eligible.

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Kelley Direct program ranked fifth worldwide and No. 2 in the U.S. by the Financial Times

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – The Indiana University Kelley School of Business’ Kelley Direct Online MBA program continues to be recognized internationally for delivering a high-quality degree, backed by top-notch career services and respected faculty, according to new rankings from the Financial Times.

The UK-based business publication has ranked the program fifth worldwide and second among U.S. institutions, up one position from third a year ago.

Kelley Direct was ranked No. 1 overall in three factors used to develop the rankings – career services, program delivery and faculty research rank.

It also scored in the top five in two other categories – online interaction and corporate social responsibility – and in the top 10 for two other factors — career progress and value for the money.

“We are pleased to again be recognized by the Financial Times for the superior experience that we strive to offer students in our Kelley Direct Online MBA program,” said Idalene “Idie” Kesner, dean of the Kelley School and the Frank P. Popoff Chair of Strategic Management. “Recognition like this is especially meaningful when it reflects the quality of our efforts to prepare students for fulfilling careers and the solid, research-based education they receive from our faculty.”

Will Geoghegan

Will Geoghegan

“The fact that we have been ranked consistently among the top online MBA programs in the world is a testament to all the hard work that our students, staff and faculty put in on a daily basis,” added Will Geoghegan, interim chair of the Kelley Direct program and clinical assistant professor of management and entrepreneurship. “We are very proud of the Kelley Direct program and we believe that continuous innovation and our focus on meaningful student outcomes pushes students to create positive momentum in their own organizations.”

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Thousands become more financially literate through courses offered by the Kelley School

Posted on by George Vlahakis

fingers on a calculator

 

BLOOMINGTON, Ind. – More than 4,500 people so far have taken advantage of a free opportunity to enhance their financial literacy and learn more about personal finance through a series of online courses delivered by the Indiana University Kelley School of Business.

In October, the Kelley School announced a partnership with edX to offer a three-course, self-paced  personal financial professional certificate. The courses provide the building blocks of planning for financial security and personal success, such as managing personal cash and credit and planning for risk and retirement.

Brian Jellison

Brian D. Jellison

Last year, the Brian and Sheila Jellison Family Foundation made a generous $16 million gift to the Kelley School in support of several programs. Part of this gift is being used to support the financial literacy program which allows learners to audit the three courses at no cost.

The Kelley School will soon make the program available, without charge, to about 500 IU student-athletes.

Idalene “Idie” Kesner, dean of the Kelley School and the Frank P. Popoff Chair in Strategic Management, said the school is thrilled that so many have taken advantage of this resource at a time when there has been so much economic uncertainty due to the pandemic.

“Current economic conditions are a reminder of why it is important for everyone to have a basic understanding of personal finance,” said Idalene “Idie” Kesner, dean of the Kelley School.  “Learning how to manage your finances for today and tomorrow is an essential step in building a more secure financial future for yourself and your family.

“We are grateful to the Jellison Foundation for supporting this initiative. Their support makes this the gift that keeps on giving by helping all of us learn how to build a more secure financial future.”

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American Association for Physician Leadership partners with IU Kelley School of Business

Posted on by George Vlahakis

New partnership will deepen access to business knowledge for physician leaders

A new partnership between the American Association for Physician Leadership and the Indiana University Kelley School of Business aims to provide physician leaders with deeper access to business acumen that drives effective change in healthcare.

AAPL LogoThe American Association for Physician Leadership (AAPL) is the only association solely focused on providing professional development, leadership education, and management training exclusively for physicians. The Kelley School of Business is the only top-ranked business school offering a rigorous MBA exclusively for physicians. Together, the two are committed to training physicians in the business of medicine and equipping physicians to better strategize the best course forward for their patients, their healthcare organizations and their clinical teams.

“It is more important now than ever for physicians to be the driving force behind change in our healthcare system,” said Peter Angood, MD, President and CEO of AAPL. “This partnership provides a pathway for AAPL physician leaders to combine the practical knowledge we offer through coursework and conferences with the Kelley School’s national reputation, in-depth expertise and world-class faculty through the graduate-level curriculum offered in the Physician MBA Program.”

“We are thrilled to partner with AAPL, an organization whose mission so closely aligns with our own,” said Idalene “Idie” Kesner, dean of the Kelley School of Business and the Frank P. Popoff Chair of Strategic Management. “As more physicians seek to advance their business training, this partnership elevates the importance of educating physician leaders in the language of business. When they can speak to the business of healthcare—as well as the science of medicine—our alumni are prepared to lead effective change for their organizations, their patients and the wider U.S. healthcare system.”

The partnership provides new opportunities for both current and future AAPL members, including a reduction in Kelley Physician MBA course tuition for physicians who’ve completed AAPL’s Master’s Prerequisite Curriculum and access to the AAPL Capstone, the final requirement in fulfilling Certified Physician Executive (CPE) certification.

For more information on the partnership, as well as courses offered through AAPL and the Kelley Physician MBA Program, head here.

This announcement originally was announced by the IU Kelley School of Business at IUPUI.

Study of auto recalls shows carmakers delay announcements until they can ‘hide in the herd’

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – Automotive recalls are occurring at record levels, but seem to be announced after inexplicable delays. A research study of 48 years of auto recalls announced in the United States finds carmakers frequently wait to make their announcements until after a competitor issues a recall – even if it is unrelated to similar defects.

This suggests that recall announcements may not be triggered solely by individual firms’ product quality defect awareness or concern for the public interest, but may also be influenced by competitor recalls, a phenomenon that no prior research had investigated.

Researchers analyzed 3,117 auto recalls over a 48-year period — from 1966 to 2013 — using a model to investigate recall clustering and categorized recalls as leading or following within a cluster. They found that 73 percent of recalls occurred in clusters that lasted 34 days and had 7.6 following recalls on average.

George Ball headshot

George Ball

On average, a cluster formed after a 16-day gap in which no recalls were announced. They found 266 such clusters over the period studied.

“The implication is that auto firms are either consciously or unconsciously delaying recall announcements until they are able to hide in the herd,” said George Ball, assistant professor of operations and decision technologies and Weimer Faculty Fellow at the Indiana University Kelley School of Business. “By doing this, they experience a significantly reduced stock penalty from their recall.”

Ball is co-author of the study, “Hiding in the Herd: The Product Recall Clustering Phenomenon,” recently published online in Manufacturing and Service Operations Management, along with faculty at the University of Illinois, the University of Notre Dame, the University of Minnesota and Michigan State University.

Researchers found as much as a 67 percent stock market penalty difference between leading recalls, which initiate the cluster, and following recalls, who follow recalls and hide in the herd to experience a lower stock penalty.

This indicates a “meaningful financial incentive for auto firms to cluster following recalls behind a leading recall announcement,” researchers said. “This stock market penalty difference dissipates over time within a cluster. Additionally, across clusters, the stock market penalty faced by the leading recall amplifies as the time since the last cluster increases.”

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