When Tootsie Roll chairman and CEO Melvin Gordon died unexpectedly on Jan. 20, 2015, the firm's value saw an immediate 7 percent increase, which was equivalent to about $140 million. Craig Crossland, an assistant professor of management at the University of Notre Dame's Mendoza College of Business, and his research colleagues examined 240 sudden and unexpected CEO deaths like Gordon's to determine how shareholders' perceptions of CEO significance have changed over time. They found that market reactions to these events in U.S. public firms have increased markedly between 1950 and 2009.
Culture
The Canadian Task Force on Preventive Health Care recommends against using a screening tool to identify developmental delay in children aged 1 to 4 years who have no apparent signs or parental concerns, according to a new guideline published in CMAJ (Canadian Medical Association Journal).
New groundbreaking research shows that with improved fishing approaches -- compared to business as usual -- the majority of the world's wild fisheries could be at healthy levels in just 10 years and global fish populations could double by 2050.
The study conducted by researchers from UC Santa Barbara, the University of Washington and the Environmental Defense Fund appears in the Proceedings of the National Academy of Sciences.
Archaeologists in Italy have discovered what may be a rare sacred text in the Etruscan language that is likely to yield rich details about Etruscan worship of a god or goddess.
The lengthy text is inscribed on a large 6th century BCE sandstone slab that was uncovered from an Etruscan temple.
A new religious artifact is rare. Most Etruscan discoveries typically have been grave and funeral objects.
BOSTON - Nearly 1 million people in the United States receive coronary artery stents each year. Nearly all stent patients are expected to take dual antiplatelet therapy (DAPT) using the combination of aspirin and a second antiplatelet medication to prevent the formation of blood clots. Exactly how long patients should receive DAPT has been debatable.
Washington, DC - March 29, 2016 - Communities of viruses can be transferred during fecal transplants, according to a study published this week in mBio, an online open-access journal of the American Society for Microbiology. Fortunately for patients who use this procedure, the viruses found to be transmitted in this study appear to be harmless to humans.
DALLAS, March 28, 2016 -- A wearable automatic defibrillator may be an option for patients who are at risk for life-threatening heart rhythm abnormalities but are not good candidates for an implantable cardiac defibrillator (ICD), according to an advisory from the American Heart Association, published in its Circulation journal.
The increasing prevalence of both gout and chronic kidney disease has led to a growing interest in the association between hyperuricemia (an abnormally high level of uric acid in the blood) and kidney disease.
Groundbreaking research being published in the March 29th issue of the Proceedings of the National Academy of Sciences shows the majority of the world's fisheries could be recovered in just 10 years, and that global fish populations could double by 2050 with better fishing practices compared to business as usual. The peer-reviewed study is authored by researchers from the University of California Santa Barbara, The University of Washington and Environmental Defense Fund.
A new UT Dallas study found that teen driving curfews might do more than reduce car accidents. They also may prevent teens from committing crimes.
Arrests among teens ages 16-17 fell by as much as 6 percent in states with laws that restrict nighttime driving hours for teens, according to the study.
The research by Dr. Monica Deza, assistant professor of economics in the School of Economic, Political and Policy Sciences, and co-author Daniel Litwok of the firm Abt Associates, was published online by the Journal of Policy Analysis and Management.
LAWRENCE --Autism affects children from all walks of life, and education professionals need scientifically based interventions to help those affected develop reading and other life skills. However, a recent study has found that the research used to identify "evidence-based practices" very rarely reports racial and ethnic status of its participants.
That presents a problem because response to an intervention is not guaranteed and it's not always clear why one child will respond positively to certain methods while another will not, a University of Kansas researcher has found.
Companies appear to structure compensation contracts and incentive pay based on a manager's personality traits, and not just firm characteristics, according to a new study from The University of Texas at Dallas.
Dr. Vikram Nanda, O.P. Jindal Distinguished Chair of finance and managerial economics in the Naveen Jindal School of Management, said there are divergent views on the use of options and stock in CEO compensation contracts: do they appropriately incentivize managers and enhance shareholder value, and if so, why is there much variation in their use across firms?
A large study from Japan found that cancer patients who died at home tended to live longer than those who died in hospitals. Published early online in CANCER, a peer-reviewed journal of the American Cancer Society, the findings suggest that oncologists should not hesitate to refer patients for home-based palliative care simply because less medical treatment may be provided.
EAST LANSING, Mich. -- Black men with historically distinctive black names such as Elijah and Moses lived a year longer, on average, than other black men, according to new research examining 3 million death certificates from 1802 to 1970.
The study, co-authored by Michigan State University economist Lisa D. Cook, is one of the first to find benefits of having a racially distinctive name. Other studies that looked at current black names such as Jamal and Lakisha suggest that having these modern-day monikers leads to discrimination.
When contact lenses work really well, you forget they are on your eyes. You might not feel the same at the end of a long day staring at a computer screen. After too many hours of wear, the lenses and your eyes dry out, causing irritation that might outweigh the convenience of contacts.
Stanford researchers hope to alleviate this pain by both advancing the understanding of how natural tears keep our eyes comfortable, and developing a machine for designing better contact lenses.
The work was inspired in part by a graduate student's dry eyes.