Wednesday, October 27

Month: April 2021

The Return of Mercedes-Benz
All Posts, Technology

The Return of Mercedes-Benz

By: Anton Kozyrev Throughout the 20th century, Mercedes-Benz established itself as a principal leader in the automotive industry -- excelling in various developments and innovations. It began, of course, with Carl Benz’s Patent No. 37435 for a “three-wheeled, self-propelled vehicle with a rear-mounted single-cylinder engine.” This patent from 1886 serves as a “birth certificate” of sorts of the modern-day, gas-powered automobile. Many other innovations followed suit in following years, from the honeycomb radiator in 1901 and the Antilock Braking System (ABS) in 1978. With this brand ethic and work mentality of striving for continual improvement and development, Mercedes-Benz was able to thoroughly position itself as a leader of its respective industry.  However, Mercedes-Benz -...
Principles of Self-Investment: Professor Gary Kimball’s Take on Finance and Fulfillment
All Posts, Opinion

Principles of Self-Investment: Professor Gary Kimball’s Take on Finance and Fulfillment

By: Benjamin Lee On Wednesday, March 24th, Professor Gary R. Kimball was prepared to give a talk to the Vanderbilt Finance Club over Zoom concerning his extensive experience in finance. However, he ended up providing much more than that, delineating worthwhile lessons applicable across many facets of life. Below are five key takeaways from his  presentation.   Lesson 1: Do what fulfills you.   Both management consulting and investment banking are “fabulous ways to start your career” and “lead to nice opportunities.” At the same time, they lead down “a rigorous career path,” and while they can be “incredibly lucrative… like a lot of jobs, the first few years out of school are going to involve a lot of hours.” With this in mind, Professor Kimball has observed that it is all to...
Turnover Rate in the Banking Industry: Problematic but Reparable
All Posts, Economy and Government

Turnover Rate in the Banking Industry: Problematic but Reparable

By: Eric Wang The high turnover rate of employees in the banking industry has caused impacts on companies' development. According to one survey, junior analysts' retention rate has climbed to almost 50 percent high. Debates on maintaining employees and preventing damage to organizational effectiveness have brought attention from corporations' executives. Symptoms accompanied by a sky-high turnover rate include low job satisfaction, damage to the team working, and lack of loyalty to the company. Negative Cause: What makes the employee want to leave The studies conducted in the regional banking industry showed that low job satisfaction decreases performances and leads to resignations. In the banking industry, compliments for the job contents and organizational management are preval...
The Growing International Concern of Digital Tax
All Posts, Technology

The Growing International Concern of Digital Tax

By: Luci Lyu If any winner emerged out of COVID-19, it would be the rapidly growing digital economy. In 2020, Zoom’s revenue spiked 369% from a year ago, Amazon’s sales grew by 37%, and Netflix’s stock price saw a 64% increase. Digital companies are not the ones affected. The pandemic has changed the way people work, socialize, and shop. As a result, many traditional companies must digitalize to stay competitive. This digitalization trend amongst corporations would likely persist, making the long-debated digital tax an eminent concern.  In 2019, France announced its decision to implement a 3% revenue tax on digital services (DST). This spurred huge opposition from the U.S. as most companies subjected to the Digital service tax were U.S. firms. However, despite the United States...