Business School Briefing: Enron lessons, next ranking, EMBA salaries

Great afternoon from London. 20 yrs following the collapse of energy team Enron, memories of the scandal are fading. How would you remind executives to keep away from a repeat of past company issues. Also, the following FT Organization Education and learning position is upon us.

Published and edited by Wai Kwen Chan and Andrew Jack.

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FT enterprise books

From the politicisation of the workplace to utilizing system in tough periods, in this article are the top titles for November and December.

FT European Organization Schools 2021 position

It’s that time of calendar year once more and we are not chatting about Christmas. On December six Monday, we will expose the top enterprise universities in Europe primarily based on their overall performance in numerous rankings. Glance out for this on rankings.ft.com/household/regional-rankings and read through our coverage on ft.com/european-enterprise-universities. The to start with story was revealed this early morning and seemed at what can enterprise universities train a spouse and children organization?

Sign up for us for the FT’s ‘Future of Organization Education and learning: Spotlight on MBA’

We will be holding a digital function on Feb 23 Wednesday 2022 with FT Editorial and top enterprise universities sharing insights about the FT MBA position, responsible enterprise instruction, innovation and the potential of the MBA in a post Covid-19 earth. Sign up for free on: https://businesseducation.live.ft.com.

Organization school professor advisers sought

We are intrigued in hearing from enterprise universities and their professors prepared to help as advisers, figuring out related FT content that is useful in their training and investigate and supporting obtain techniques to share it. Get in touch at [email protected].

Sign up for our Upcoming of Operate live function

The final installment in the FT’s Upcoming of Operate sequence will function a combination of interviews, panels and practical workshops to equip you with the techniques and expertise to thrive in a new earth of function. Register now for this function — getting location on December one from nine.thirty to 14.thirty GMT.

Andrew Hill’s management challenge

Enron filed for personal bankruptcy twenty yrs ago this week. As I generate in my column, today’s board administrators need to have to know about this scandal and other individuals, mainly because, as the scandal fades in memory, the chance that they repeat old errors raises.

At the 10-calendar year anniversary of Enron’s collapse, I proposed administrators should really hold a duplicate of the group’s hubristic very last letter to shareholders on their desks, like Renaissance scholars stored a skull to remind them of their mortality.

For my management challenge, suggest at least just one way in which administrators and executives could be nudged to remember this and other company cautionary tales? An annual “Enron day”? A uncomplicated calendar reminder? An on the net class in company failure? Mail your ideas to [email protected]

Past week I asked for recommendations of a elaborate product or service or assistance ripe for simplification. On Twitter, @PaddingtonCares arrived up with a worthy applicant: the regulation and complaints approach in social housing, which is “in dire need to have of overhaul”. The tweet states: “It takes considerably far too very long to provide outcomes, and is far too complicated for numerous to access.”

In further more reading through this week, I extremely commend extracts from the three proposals that are by way of to the final of the FT/McKinsey Bracken Bower Prize this calendar year. The winner will be introduced on December one (and you can be part of the fun on the net), but in the meantime take pleasure in insights into cyber protection, the potential of increased instruction, and the battle from local weather modify, from, respectively, Manuel Hepfer, Ines Lee and Eileen Tipoe, and Melissa Zhang. The £15,000 prize will be on provide once more following calendar year, so if you have good enterprise guide ideas and will continue to be less than 35 following November, glimpse out for it.

Information line

Each calendar year, alumni from universities getting part in the FT EMBA position expose their wage development. Current salaries display there is continue to a spend hole involving male and woman alumni, with adult males reporting, on common, a base wage of $twenty,000 much more than women, generate Sam Stephens and Leo Cremonezi.

Female alumni, however, have a much larger percentage wage increase in contrast to their male counterparts despite the considerable spend hole. About the three yrs due to the fact completing their research, woman alumni salaries rose by sixty four per cent, on common, in contrast with the levels before they started off their EMBA, whilst it is sixty one per cent for males. Female graduates from Asia-Pacific boast the biggest common wage increase of all alumni at 78 per cent.

Bar chart of Current wage increase of alumni salaries from before their EMBA  compared with now, split by gender and location showing Executive MBA female alumni have a higher percentage salary increase compared to their male counterparts

More evaluation of the FT’s EMBA position can be discovered in this article.

Operate and occupations roundup

  • We have all noticed colleagues who are bluffing, acquiring not finished their research. Listed here are techniques to location people who are ‘winging it’ at function.

  • Following beating ageist setbacks in their occupations, two good friends kickstarted schooling programmes with global ambitions. Find out how to thrive as a mid-existence woman in the imaginative industries.

In 2021, Jane Evans (remaining) and Carol Russell, revealed a guide referred to as ‘Invisible to A must have: Unleashing the Energy of Mid-Lifestyle Women’

Browse much more characteristics on ft.com/function-occupations.

How fantastic is your expertise of the information?

Reply our 10 question quiz.

Leading reads from enterprise universities in the past week

Boris Johnson announces measures to include unfold of Omicron variant Uk functions as much more conditions detected in Europe and Asia-Pacific countries tighten vacation constraints. Also, shares slide most in a calendar year on concern around the new coronavirus variant.

Line chart of Stoxx 600 showing European shares have fallen from record highs

Chinese hypersonic weapon fired a missile around South China Sea The Pentagon struggles to understand how Beijing mastered the know-how.

The Pentagon thinks China launched the hypersonic glide vehicle on a Lengthy March rocket, noticed in this article at the Wenchang House Center on China’s southern Hainan Island very last calendar year © AFP through Getty Photos

Jamie Dimon apologises two times following stating JPMorgan will outlast China’s Communist occasion The Wall Street chief states he should really not have created the remarks next a go to to Hong Kong.

Jamie Dimon at the French headquarters of JP Morgan bank in Paris, June 2021 © AP

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