As we emerge from a global pandemic and a period of economic stagnation, we can look to the past to gain inspiration for better times ahead. The year 1982 marked the start of almost four decades of U.S. economic growth.
As the COVID-19 vaccine roll out reaches more people every day, business offices across the country are plotting the best strategies to reopen, but that doesn’t come without challenges. Global accounting firm EY looks forward to reconnecting its 80,000 partners across America as 12,000 of its newest employees have never set foot in an EY office.
Majority women-owned firms manage just one percent of global investable assets, and women comprise just 10% of portfolio managers in the investment management field. Disrupting these numbers was the center of discussion in a Gabelli School Virtual Centennial Speaker Series event sponsored by the Gabelli Center for Global Security Analysis.
Early in U.S. history, federal funding of public infrastructure was deemed unconstitutional. Railroads, canals, and bridges were few and far between until President Abraham Lincoln had a vision that would not only bolster the economy by widening travel, but also allow every American citizen the chance to “climb the economic ladder” post-emancipation.
When the COVID-19 pandemic hit in early 2020, many thought the focus on environmental, social, and governance (ESG) criteria would die out as so many companies were struggling to survive. Instead, by the end of the year, global assets under management in the ESG category increased by a surprising 96 percent.
The lack of female role models at the top in finance makes it difficult to recruit, retain, and promote more women in the field. The issue of gender balance and attracting more women to the finance space was the focus of a Gabelli School Virtual Centennial Speaker Series event sponsored by the Gabelli Center for Global Security Analysis.
While women comprise roughly just 25 percent of the workforce in notoriously male-dominated fields like law and accounting, in the investment management arena, female portfolio managers represent a staggering 10 percent.
In a recent Gabelli School Centennial Virtual Speaker Series presentation sponsored by the Gabelli Center for Global Security Analysis, the Museum of American Finance, and the CFA Society, Szpiro investigated how rationality and human behavior shape individual economic decisions.