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NEW YORK—October 4, 2012—Consider a Japanese–American woman strolling through a mall. If she passes by a UNIQLO store, is she more likely to opt for sushi than a hamburger when she reaches the food court? Would this cue of Japanese culture draw out her Japanese side? The answer, according to new research from Columbia Business School’s Michael Morris, the Chavkin–Chang Professor of Leadership, and Aurelia Mok, Assistant Professor, City University of Hong Kong (she received her Ph.D.

Columbia’s popular course on personal leadership kicks off new program; Offers innovative networking and interactive educational opportunities to a broader audience of business professionals

Hugh Frater '85 is chief executive officer of Berkadia, which specializes in commercial real estate financial services. Previously, he worked at Good Energies and PNC Financial Services among other firms. Frater serves on Columbia's MBA Real Estate Program Advisory Board and is a member of the Columbia Business School Real Estate Forum. In a recent interview with Evan Abrams '13, he discusses business strategy and opportunities, commercial mortgage backed securities, and career development. A part of our Distinguished Alumni Interview Series, this piece is intended to be informative and motivational for seasoned veterans and MBA students alike.

A new Columbia CaseWorks case by Fred Knapp ’12 and Lynne B. Sagalyn, “Battling Over a New York Workout: The W Hotel Strategy” sets up this true David-and-Goliath story in which the most junior player in the highly leveraged capital stack ended up being made whole on its loan. The saga of the $232-million mortgage and mezzanine debt financing, now known as the “W Strategy,” is one that changed practice, becoming significant in the annals of Uniform Commercial Code foreclosures and bankruptcy transactions.

The Private Equity Program is excited for the 2nd Deal Camp which will be held December 7-9.Applications will open October 8, 2012.For more information, watch our video featuring students who have attended in the past.  

"This is an economic revolutionary moment," said Andrew Stern, the Ronald O. Perelman Senior Fellow at the Richard Paul Richman Center for Business, Law, and Public Policy, on Thursday.

Cultural norms of deference to authority figures can inhibit Indian employees from challenging the status quo and sharing innovative ideas with managers.

Diverse firms are perceived as more ethical and less deserving of punishment when they do commit transgressions.

Lorenzo Weisman ’73, member of Columbia Business School’s Board of Overseers and cofounder of Hill Street Capital, died on Saturday, September 22.

In several experiments, Leonard Lee, associate professor of marketing at Columbia Business School, showed that in–system individuals demonstrate increased action initiation, persistence in completing tasks, and overall optimism.

The 2009 Home Affordable Modification Program (HAMP), which provided loan servicers with sizeable financial incentives to renegotiate mortgages, was intended to help 3 to 4 million struggling homeowners. Instead, the program is benefiting just over a third of that target, according to a paper coauthored by Edward S. Gordon Associate Professor of Real Estate Tomasz Piskorski. The study finds that if the worse-performing banks had simply modified loans at the same pace as their better performing peers, then HAMP would have produced about 800,000 more modifications.

New research by Gita Johar suggests that consumers who set "safe" goals may not be maximizing their satisfaction in the end. 

In February 2008, Madison International Realty was presented with the opportunity to buy an additional equity position in the partnership that owns the Mayfair House—a 10-story, trophy-quality office building located in the Mayfair submarket of London’s West End. In the case based on this situation, students are presented with information on the UK real estate market, the terms of the partnership agreement, and an investment spreadsheet in order to determine how much Madison should pay for this interest and what conditions in the partnership agreement might impact the valuation.

New research from Columbia Business School Professor Michael Morris finds that people who are habitually aware of their cultural frameworks tend to develop more affectively trusting relationships with people from other cultures, opening the free flow of ideas that is intrinsic to creative collaboration.

Gentry Ashmore Hoit ’90 is joining Park Madison Partners as partner to advise clients on real estate acquisitions and capital-raising efforts. The New York-based real estate placement and advisory firm was cofounded by Nancy Lashine ’81.

Sheena S. Iyengar, CJEB's Faculty Advisory Committee Member, was featured in the Asahi Shimbun.

A generous donor who wishes to remain anonymous recently donated $25 million to Columbia Business School, among the largest gifts ever made to the School.

Amanda Carlson has been named Assistant Dean of Admissions at Columbia Business School.

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E. Ralph Biggadike, a Columbia Business School faculty member in the Management Division for 16 years, died on August 17.