More of my former professors in the news

This article on CNET talks about the work of Loren Hitt, who co-taught my course on E-Business. I knew it was him even before I read the article; as he told us, “If you see anything about poaching, shirking and opportunistic renegotiation, you know it’s from Wharton and from me or one of my students.”

“Clemons and Hitt conclude that poaching offers new and formidable challenges as the global economy becomes more knowledge-intensive. According to Clemons, it is ‘a newly significant form of opportunism’ and it represents ‘the growth opportunity in e-commerce white-collar crime.’ Poaching requires different analytical models and remedies, many of which still need to be developed. Only partly in jest, he quips: ‘Maybe companies should actually encourage poaching of their own intellectual property–but figure out a way to get paid for it.'”

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A fuller context for that quotation

A more complete version and a citation for the quotation I just posted, courtesy the Bully Pulpit:

” The President is merely the most important among a large number of public servants. He should be supported or opposed exactly to the degree which is warranted by his good conduct or bad conduct, his efficiency or inefficiency in rendering loyal, able, and disinterested service to the nation as a whole. Therefore it is absolutely necessary that there should be full liberty to tell the truth about his acts, and this means that it is exactly as necessary to blame him when he does wrong as to praise him when he does right. Any other attitude in an American citizen is both base and servile. To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public. Nothing but the truth should be spoken about him or any one else. But it is even more important to tell the truth, pleasant or unpleasant, about him than about any one else.”
“Lincoln and Free Speech” in The Great Adventure – vol. 19 of The Works of Theodore Roosevelt New York: Scribner’s, 1926 Chapter 7, p.289


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That damned inconvenient history

Beautiful quotation from Theodore Roosevelt in today’s Doonesbury. It is perhaps noteworthy that Roosevelt said this in 1918, when he was an ordinary citizen. Are you listening, Mr. Ashcroft?:

“To announce that there must be no criticism of the President, or that we are to stand by the President right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”

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Trading ideas

Good article at the New York Times describing the research of one of my marketing professors, Ely Dahan, using trading simulations to determine consumer preferences for features of goods or services.

“The closing prices were generally consistent both with consumer sentiments culled from more traditional market research and with previous trading experiments at M.I.T. In just minutes, for example, the trading echoed the disappointment with the Aztek and enthusiasm for the MDX demonstrated by car buyers over the last year. ‘General Motors might have been able to save itself a lot of pain if it had run trading like this a couple of years ago,’ Professor Dahan said.”

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