"When you go into court you are putting your
fate into the hands of
twelve people who weren't smart enough to get out of jury duty."
- Norm Crosby
Overheard at the Fall '01 alumni-mentor brunch today and after sensing MBA1's had their hands full with regressions, an alum asked a student to share the following story with our class....
Every few years since graduation, the class of '84 has completed a survey which asks personal information - current salary, industry, job location, etc... each year an alum complies this data and runs a regression on it to try and discover what makes Stanford grads successful (success being gauged by current salary level)... According to our alum, the most important thing that this regression has revealed is that there is an extremely strong correlation between being an AM scholar and being successful... more specifically the regression has revealed that over the past 15 years - those who were AM scholars have consistently been the lowest paid and thereby by the logic of the regression, the least successful in the business world... take from that what you may...
Girls Night - February 2002
Boys Night - June 2002
TEACHING MATH AT WHARTON
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of
the price. What is his profit? Please create six different financial scenarios
with notes.
TEACHING MATH AT COLUMBIA MBA
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of
the price, or $80. What is his profit?
TEACHING MATH AT KELLOGG
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of
the price, or $80. His profit is $20. But that's irrelevant - what would be a
cool slogan to put on his truck? Please indicate color scheme as well.
TEACHING MATH AT SLOAN (MIT)
A logger exchanges a set "L" of lumber for a set "M" of
money. The cardinality of set "M" is 100. Each element is worth one
dollar. Make 100 dots representing the elements of the set "M." The
set "C," the cost of production, contains 20 fewer points than set
"M." Represent the set "C" as a subset of set "M"
and answer the following question: What is the cardinality of the set
"P" of profits?
TEACHING MATH AT UNC
A logger sells a truckload of lumber for $100. His cost of production is $80 and
his profit is $20. Your assignment: Underline the number 20.
TEACHING MATH AT DUKE
By cutting down beautiful forest trees, the logger makes $20. What do you think
of this way of making a living? Topic for class participation after answering
the question. How did the forest, birds and squirrels feel as the logger cut
down the trees? There are no wrong answers.
TEACHING MATH AT HARVARD
By laying off 402 of its loggers, a company improves its stock price from $80 to
$100. How much capital gain per share does the CEO make by exercising his stock
options at $80? Assume capital gains are no longer taxed, because this
encourages investment. No need for financial analysis.
TEACHING MATH AT UNIVERSITY OF CHICAGO
A company outsources all of its loggers. They save on benefits and when demand
for their product is down, the logging work force can easily be cut back. The
average logger employed by the company earned $50,000, had three weeks'
vacation, received a nice retirement plan and medical insurance. The contracted
logger charges $50 an hour. Was outsourcing a good move? Answer is always YES.
TEACHING MATH AT STANFORD
A logging company exports its wood-finishing jobs to its Indonesian subsidiary
and lays off the corresponding half of its Canadian workers (the higher-paid
half). It clear-cuts 95% of the forest, leaving the rest for the spotted owl,
and lays off all its remaining Canadian workers. It tells the workers that the
spotted owl is responsible for the absence of loggable trees and lobbies
Parliament for exemption from the Endangered Species Act. Parliament instead
exempts the company from all federal regulation. What is the return on
investment of the lobbying costs? Extra Credit: Do in conjunction with someone
from Public Policy Background.
Under construction
**All photographs (unless otherwise noted) are the property of
Stenning Schueppert and may not be distributed or circulated for any purposes
(personal or commercial) without his express written consent. Questions or
comments regarding selected photographs are, of course, welcome.
Created 1/7/02; Last updated February 7, 2003; v1.1.
