Archive for May, 2008

CEOs and IPOs

Friday, May 30th, 2008

When firms go IPO, should the founding CEO stay on or should a new CEO be brought on? In the Journal of Business Venturing, Bharat A. Jain and Filiz Tabak look at the factors involved.

Here is the abstract: “Despite the innate advantage founder CEOs have by virtue of their founding vision, organizational influence, positive image, and ownership stakes to lead their firms at their initial public offering (IPO), extant empirical evidence indicates that between a third to half of IPO firms go public with non-founder CEOs at the helm. Relatively little however, is known regarding factors that influence the choice of founder versus non-founder CEO for firms issuing IPOs. This study examines the impact of factors such as founder characteristics, size of founding team, governance structure, ownership structure, top management team independence, venture capitalist influence, and the demand for equity financing on the probability of founder CEO at IPO.”

Women and entrepreneurship

Wednesday, May 28th, 2008

The Small Business Administration notes that “Women entrepreneurs are among the fastest growing groups of business owners” and explores why.

Meanwhile, at the Wall Street Journal web log, a lively discussion about “Why Aren’t There More Rich Women Entrepreneurs?”

Interview with Michael Newberry

Thursday, May 22nd, 2008

newberry-webExcerpts from this interview appear in the January 2008 issue of Kaizen, CEE’s newsletter. Below is the full interview.

Michael Newberry’s painting career has spanned three decades. He has exhibited throughout Europe and the United States and taught life drawing, drawing and composition, and painting at Otis College of Art and Design in Los Angeles. He has established the Newberry Workshop, sharing his knowledge through a series of online mini-tutorials. He has also published several essays and lectures on aesthetics and the philosophy of art.

Kaizen: When did you first become interested in painting and start thinking about it as a possible career?

Newberry: I started painting when I was about eleven, after falling in love with Rembrandt’s art work. My grandmother bought me a book of his work for my birthday. I enjoyed going through it, and I began drawing and painting. But as far as a career, that didn’t happen until much later, in my twenties, when I started examining what the life of an artist would be and whether or not I had the skills to make it worthwhile to follow up on painting.

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Technology 101

Wednesday, May 21st, 2008

This great article in Entrepreneur magazine explains briefly some of the essential technology we use daily—such as Unicode, XML and VoIP—but often don’t really think about.

Entrepreneurs talk: Amazon’s Jeff Bezos

Monday, May 19th, 2008

Amazon.com founder Jeff Bezos provides a fascinating historical overview about the similarities between the Dot Com bust, the 1849 Gold Rush, and the early days of the electric industry.

Three essays on ethics by David Kelley

Thursday, May 15th, 2008

Three essays by philosopher David Kelley on morality and freedom: Altruism and Capitalism; Two Strains of Altruism; and Generosity and Self-Interest. Dr. Kelley spoke at Rockford College last year.

Keynes, Galbraith, and Schumpeter on entrepreneurship

Wednesday, May 14th, 2008

At RealClearPolitics, Carl Schramm briefly contrasts Keynes’s, Galbraith’s, and Schumpeter’s views on economics and the role of entrepreneurship.

Aristotelian business ethics

Tuesday, May 13th, 2008

Here is the abstract for Elaine Sternberg’s Just Business (Oxford University Press), an Aristotelian approach to business ethics that, refreshingly, does not take “business ethics” to be an oxymoron.

Spring 2008 CEE essay contest winners named

Monday, May 12th, 2008

erik-torres-thumb.jpgThe Center is pleased to announce the winner of the Spring 2008 Center for Ethics and Entrepreneurship Essay Contest: Erik Torres for his essay “Social and Business Entrepreneurs: Big Bucks and Some Change.”

The four runner-ups are (in no particular order): Richard Walters, “False Advertising as an Impediment to Reason”; Almir Causevic, “Final Paper on Minimum Wage: Case Studies at Coyote Blog”; Andrew Tuttle, “Italian Tax Law: Justified Fraud?”; Scott Danielson, “The New Belgium Beer Company.” Congratulations to the winners!

richard-thumb.jpgalmir-thumb.jpgandrew-thumb.jpgscott-thumb.jpg

Demotivating yourself and others

Friday, May 9th, 2008

Looking for some office wall art? Motivation is out. Consider these darkly hilarious demotivational posters on apathy, cluelessness, compromise, conformity, flattery, idiocy, inspiration, irresponsibility, or mediocrity instead.