Breaking News
1 April 2007 at 12:10 am Peter G. Klein 2 comments
| Peter Klein |
Several important announcements for today, April 1:
Foss, Klein, Postrel Join Harvard Faculty
Nicolai, Steve, and I are pleased to announce that we have accepted chaired positions at Harvard University:
Cambridge, Mass., April 1, 2007 — World-renowned scholars Nicolai J. Foss, Peter G. Klein, and Steven R. Postrel will join the Harvard faculty as University Distinguished Professors and co-directors of the newly formed Long Tail Institute for the Global Economy. Says incoming President Drew Faust: “I am delighted that Professors Foss, Klein, and Postrel are joining our team. I have always admired Foss and Klein’s work on judgment-based entrepreneurship, and I enjoyed Postrel’s columns in the New York Times before he changed his name to ‘Steve.’ After reading their blog I knew they were the ones to lead Harvard into the global information age.”
Announcing Guest Bloggers Jeff Pfeffer and Bob Sutton
We’re delighted to welcome Stanford University professors Jeff Pfeffer and Bob Sutton as our newest guest bloggers. Sutton writes: “Jeff and I have recently come out of what we call our ‘Blue Period,’ characterized by moodiness and irritability toward toward economists. We now realize that economic analysis is vital to the proper understanding of organizations. What better way to flaunt our new perspective than by joining the outstanding bloggers at Organizations and Markets? We’ll also be working on our new book, Not Ready to Make Nice in the Workplace.” Welcome, Jeff and Bob!
Google Acquires O&M
This hit the news wires today:
Mountain View, April 1, 2007 — Google Corporation announced today it has acquired a majority stake in the weblog Organizations and Markets, a leading provider of news and information on organizations, strategy, entrepreneurship, and anti-postmodernism. Google CEO Larry Schmidt noted that Google is seeking to expand beyond the search-engine business. “Let’s face it, search is yesterday’s technology. There’s too much junk out there. Instead of using computers to sort our information with confusing page-ranking algorithms, the time has come to hire experts to tell us what the world is really like. The authors of Organizations and Markets are just the experts we’ve been looking for.” Google shares dropped 42% in heavy trading upon the announcement.
Here are some important April 1 stories from prior years.
Organizations and Markets 
1.
Joe Mahoney | 1 April 2007 at 9:52 am
With the acquisition of O&M by Google, Google shares dropped 42% in heavy trading upon the announcement. This information once again shows the imperfections in capital markets. Readershiip with greater inside information know better and will buy (or continue to sell !!) accordingly. :-)
2.
David Hoopes | 2 April 2007 at 10:05 am
I’m really excited to know that Bob and Jeff are on board! Although I miss the days when people from Stanford considered managers to be nothing but “symbols”, it is somehow reassuring to know that O&M has this great infusion of brainpower. I’ve always found Jeff and Bob’s views on markets and their deep understanding of economics to be inspiring.