In 2023, the Government of Australia suggested that some of the country’s pension assets might be used to fund social housing or renewable energy. The idea received mixed reception, and to understand why, Lachlan Maddock of Investor Strategy News looked to Canada, where a group of business leaders called for pension funds to increase their holdings of Canadian equities. Maddock quoted research published by 鶹AV Desautels’ Associate Professor of Finance Sebastien Betermier.
鶹AV’s standing as a leading global research institution is under threat, writes Professor Anthony C. Masi in a Montreal Gazette op-ed. The Government of Quebec is undermining the university by reducing transfers for construction and renovation. These cuts will affect STEM disciplines, says the Professor of Industrial Relations and Organizational Behaviour and Special Advisor to the Dean.
Inflation has stretched the budgets of individuals and companies alike, and some firms have sought to find savings in the wages they pay their employees. A recent report from the Robert Walters recruiting agency found that Canadian firms are increasingly hiring underqualified employees. But that can backfire, says Professor Jean-Nicolas Reyt in interview with Canadian HR Reporter.
There is no single path to the C-suite, but getting a 鶹AV education can help. Among Canadian university graduates, 鶹AV alumni are the most likely to become CEOs, according to research by Immerse Education, a UK provider of academic enrichment programs. According to data drawn from LinkedIn, more than 9,600 鶹AV alumni are currently chief executives or have held a CEO role in the past.
The length of a standard work week has been steadily declining for well over a century. In the 19th century, some factory workers in Canada were expected to work 72 hours each week. It wasn’t until the 1960s that the standard work week reached the current 40-hour norm. Today, the overwhelming majority of workers in Canada are in favour of further reductions. Many companies have already experimented with a four-day work week with reduced hours, and 91 per cent of them have chosen to stay with it.
Alyssa Abruzzese (BCom‘23, GCPA’24) and Vivian Ly (BCom‘22, GCPA’24), students of the Graduate Certificate in Professional Accounting (GCPA) program, have been selected among their graduating class as this year’s recipients of the C. Douglas Mellor Prize for academic excellence.
McCall MacBain Fellowships offer students at select universities an opportunity to spend a year abroad. Valued at up to $30,000 and awarded by the McCall MacBain Foundation, Fellows spend one term studying a language, one term pursuing academic studies, and one term in a job placement or internship. This year, 鶹AV students earned the honour. Mayra Baca El Hachemi, who is majoring in marketing at 鶹AV Desautels and will be travelling to Japan. Monique Machioudi, who is studying for a minor in management, will travel to Taiwan and learn Mandarin.
Swimmer Clément Secchi (BCom’22) has become the first 鶹AV graduate to reach the podium at the Summer Olympics since 2008. The 24-year-old management graduate from Aix-en-Provence, France, earned bronze for his native country on Sunday as part of the men's 4x100 medley relay. A four-time All-Canadian at 鶹AV, the 5-foot-11, 157-pound butterfly specialist was a three-time recipient of the Forbes Trophy as the University's male athlete of the year.
Generative artificial intelligence promises to transform the way business is done, but in most industries, it’s still unclear exactly how it will be used. Footwear retailer ALDO is working with Montreal’s cluster of AI talent to explore how to leverage this emerging technology. In October 2023, ALDO staged its first Retail Gen AI Hackathon in partnership with the Bensadoun School of Retail Management and Amazon Web Services. The event offered over $10,000 in prizes to teams that worked collaboratively to devise generative AI solutions to real world retail challenges.
Frédéric Perron (BCom’97) was serving as the Chief Commercial Officer for Vodafone Poland when he was asked to return to Canada to become the new president and CEO of Cogeco, an internet service provider. Although Cogeco’s corporate offices are in Montreal, Perron’s position is based in Burlington, Ontario. That puts him closer to the company’s US customers, some of which are in nearby Ohio. Americans make up about half of Cogeco’s business, and as the US government makes major investments in connectivity, there remains room for growth in the United States.
High levels of inflation have caused a cost-of-living crisis in Canada, and bartering is one way to help keep costs down. Trading goods and services with others also offers a more personal touch. "Some parts of our economy have become overly financialized,” says Robert Nason, Associate Professor of strategy and organization at 鶹AV Desautels. “We need to put a number on everything.
To succeed in business, you need to win the hearts of the people, says Noah Xie, the founder and president of KMIND, a strategic consultancy headquartered in Shanghai. It’s a lesson that Xie took from The Art of War, an ancient Chinese military text by Sun Tzu. It is important for companies to ask themselves why a consumer chooses their product over a competitor’s, Xie told Professor Karl Moore in an episode of his CEO Series podcast on the iHeart Radio podcast network.