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The Latest Breaking News from Wharton

He earned $3.10 an hour as a valet parker. Now he’s worth $11.1 billion and runs a trillion-dollar firm

Marc Rowan went from earning $3.10 an hour as a valet parker and taking other ordinary jobs to becoming the CEO of Apollo, a trillion-dollar asset management firm, with an estimated net worth of $11.1 billion.

The Economic Times

Wall Street's hidden recruiting pipeline isn’t an Ivy League diploma—it’s the teammate who triples your odds of getting hired

A new study of more than 120,000 Ivy League graduates finds locker room ties, not diplomas, do the real gatekeeping into finance's top firms

Fortune

Companies still don’t know how to incorporate AI in a holistic way, says Wharton expert

The real bottleneck isn’t the models—it’s change management and whether leaders can bring people along to work with AI as a partner.

Fortune

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5 Sikh Life Principles From the Guru Granth Sahib That Will Change How You Work

Kirat Karo: Honest Labour Is the Only Currency That CompoundsThe Guru Granth Sahib places kirat karo, earning through honest, diligent work, as one of the three pillars of Sikh daily life, alongside naam japna and vand chakko. In a career context, this is not a platitude about integrity. It is…

Times Life

Fortune 500 bosses demanding staff return to the office share one trait: Narcissism, research finds

A six-year Wharton study suggests leaders who crave status and attention are driving the push back to the office—despite mixed evidence on productivity.

Fortune

Exclusive: A founder who went from pressure washing to Wharton just raised $40 million to put AI to work for plumbers, electricians, and HVAC crews

Sequoia and a16z are betting Probook will be the AI operating system powering home services.

Fortune

A Wharton alumnus gave $50 million to support the teachers behind tomorrow’s business leaders

In 2018, Marc and Carolyn Rowan donated $50 million to Wharton, focusing on enhancing teaching, research, and leadership development rather than physical expansion. This significant investment aimed to strengthen the school's intellectual resources and attract distinguished faculty, underscoring a commitment to long-term academic influence and the core of its institutional…

The Times of India

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What if remote work—or the millennial boss—is the real Gen Z hiring nightmare?

A study of 650 million hiring records says remote work is the culprit. But the Wharton professor who wrote the book against remote work isn't so sure.

Fortune

Big Four consulting has 2 AI nightmares. KPMG's answer to both is the same

Is partnering with Anthropic like letting the fox into the hen house? KPMG's response: "You can't think of them as the competitor."

Fortune

'Nobody knows anything' and 'this time is different': the phrases that define — and haunt — the AI economy

Wharton's Ethan Mollick said he talks to AI labs and CEOs all the time, and "anyone who's like, 'We have the playbook'—they're lying to you."

Fortune

Donald Trump has ‘better blood’ and has to tell people he is ‘real smart’ – he already told Thomas Massie thrice

“That means I have much better blood.”

We Got This Covered

The more women earn, the more housework they do: Inside the paradox a Wharton economist calls ‘an existential problem for men’

“I think it is an existential problem for men to learn to step into new roles and to actually pull their weight at home,” Corinne Low told Fortune.

Fortune

Top leadership experts sound the alarm on the AI doomsday: bosses are choosing tech over people

Companies are spending 93% of their AI budgets on tech and only 7% on people. It's already backfiring.

Fortune

‘Intelligence may be scalable, but accountability is not’: A new report exposes the hidden cost of the AI agent revolution

Accenture and Wharton mapped AI’s impact across 18 industries, concluding: The smarter your agents get, the more irreplaceable your best humans become.

Fortune

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Fortune

'AI killed the cover letter.' This Wharton economist says the hiring ritual's days are numbered

Let's be honest: You didn't spend hours researching and writing your cover letter. You used AI, and that's fine, because AI is going to read it anyway.

Fortune

Social Security has kept wealth inequality in check for decades. Trump's policies could deplete it in 6 years

Social Security’s insolvency would damage a $40 trillion buffer against a wider wealth gap.

Fortune

Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says

“One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” Kent Smetters of the Penn Wharton Budget Model told Fortune.

Fortune

Not all degrees are a waste of time: MBA graduates from Harvard, MIT, and Wharton are making over $245,000 just three years after graduating

While many Gen Z college grads struggle in the job market, recent MBA graduates from Harvard and MIT are pulling in close to a quarter of a million dollars.

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Fortune

Gen Z believes using AI is making their colleagues dumb and lazy, but may paradoxically see it as key to their own promotion, Wharton says

Nearly 80% of Gen Z believes AI is making people lazier, but the young generation has increased how much they’re using the technology, a Wharton-led survey finds.

Fortune

Welcome to the ‘skills mismatch economy’: The shift from roles to skills is making your résumé—and your job title—worthless

Wharton and Accenture partnered on a huge “skills index” that crunched data on 100 million job postings. They found a “striking and persistent disconnect.”

Fortune

'Artificial stupidity' made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals

AI bots told to act as trading agents in simulated markets engaged in pervasive collusion, raising new questions about how financial regulators have previously addressed this tech.

Fortune

Why generative AI went from risk to business imperative at U.S. companies

Research shows adoption, investment, and usage rates for generative AI are accelerating.

Benzinga

Executives Are Going All In On AI

Wall Street might be wondering if the "AI trade" is running out of steam, but corporate America clearly hasn't gotten the memo.

Benzinga

Federal Reserve's Next Move Is '50/50 Toss-Up': Jeremy Siegel Says Powell Corrected Market Expectations

Following the Federal Reserve‘s recent rate cut, Wharton finance professor Jeremy Siegel says the odds of another cut in December are now a "50/50 toss-up." However, he still expects the SP 500 to reach the 7,000 mark by year’s end.

Benzinga

The Great Fed Pivot Is Here—Jeremy Siegel Backs Sub-3% Rates Ahead

The Federal Reserve's long-awaited pivot toward easing monetary policy is almost here, with a September interest-rate cut now "a near certainty", according to Jeremy Siegel, Wharton professor emeritus and WisdomTree chief economist.

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