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More than 1.5 billion people live in extreme poverty worldwide, and even in the relatively wealthy US, 14 per cent live below the poverty line. People in poverty make more “myopic” or short-term decisions rather than forward-looking decisions that could improve their situations. A new study co-authored at Cambridge Judge Business School finds that increased community trust could help halt this “vicious cycle” of poverty.

Professor Takatoshi Ito was recently appointed as one of the members of the Eminent Persons Group of the G20. He, along with the other members of this group, are tasked to review issues relating to global financial governance. To read more on this, please visit the link below: DPM Tharman appointed chairman of top G20 group tasked to review global financial governance (The Strait Times, 4/22/17)

From April 21–23, more than 2,300 alumni and guests flooded back to Uris and Warren Halls to celebrate their Columbia Business School reunions.

On April 5, 2017, the Real Estate Association and the Family Business Club, with support from the Paul Milstein Center for Real Estate, presented a joint Real Estate Family Business Panel at Columbia Business School.

The Private Equity Program recently launched a two-part video lecture with Valerie Purdie-Vaughns who came to speak at Deal Camp in 2015 and 2016. Speaking on the subject of diverse teams, and providing an experiential exercise for the students, Professor Purdie-Vaughns shows the academic research and ideas that make diverse teams an important value-proposition for PE Firms. These sessions were sponsored by KKR.

Alfonso Yuchengco '50 served on the School's Board of Overseers for two decades. 

The Pershing Square Challenge was launched in 2008 by Bill Ackman, founder and CEO of Pershing Square Capital Management LP.

Paolo Siconolfi, the Franklin Pitcher Johnson Jr. Professor of Finance and Economics, will take leadership of the Business School’s Doctoral Program effective July 1, 2017. Paolo received his PhD in economics from the University of Pennsylvania and joined the Business School as a Visiting Assistant Professor in 1988. His research has focused on general equilibrium theory, information theory, and dynamic models in monetary theory. Working with the PhD Faculty committee, Paolo will provide academic direction, coordination, and oversight for the programs. He will continue to ensure that the PhD program is rigorous while training future generations of scholars and teachers who, during their time with us, contribute to our intellectual community and the generation of new ideas and research.

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Masazumi Wakatabe, Visiting Scholar, Center on Japanese Economy and Business