5/18
Penn in the News
A round-up of Penn mentions in local, national, and international media.
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Penn In the News
Elon Musk, other leaders sell stock at historic levels as market soars, tax changes loom
Daniel Taylor of the Wharton School said 2021 saw the most sales of stocks by insiders in a decade, in part due to an impending tax on adjusted gross income above $10 million. The tax savings have been “a powerful incentive to sell this year,” he said.
Penn In the News
Work-life balance finally happened. Then they were called back to the office
Stewart Friedman of the Wharton School said employees can retain some of the work-life balance enabled by remote work after returning to in-person work through adjustments to their schedules and workloads. “No matter how little discretion you think you may have, you’re not in prison,” he said.
Penn In the News
When should you get a COVID booster shot?
John Wherry of the Perelman School of Medicine spoke about COVID-19 booster shots, saying that, in other vaccines more generally, antibody levels often stabilize better after a booster shoot is administered. “The question is: Does [the level of antibodies] settle at a higher level and at a more steady level than it did with the primary [COVID-19] vaccination?” Wherry said. “That’s the hope.”
Penn In the News
How I cut my use of fossil fuels: Tips from the pros
Arthur van Benthem of the Wharton School said he’s reducing his carbon emissions by taking fewer flights, riding his bike more, buying less clothing, and heating and cooling his home more conservatively.
Penn In the News
Infrastructure law seen having small, positive impact on growth
Kent Smetters of the Wharton School said the economic boost provided by the newly passed federal infrastructure bill will be muted by government borrowing. “It’s pretty much a wash,” he said.
Penn In the News
Covid-19 vaccine mandates turn into religious tests at GE, Disney—some longer than others
The Wharton School's Peter Cappelli comments on employers asking employees seeking exemptions to explain how they apply their beliefs in other aspects of their lives.
Penn In the News
Facebook’s name change to Meta reflects common corporate tactic
Patti Williams of the Wharton School spoke about Facebook’s rebranding strategy: “Both at the product level and at the umbrella-brand, parent-brand level, there’s a lot of negative feeling about that at the moment. And they clearly want to launch this new strategic direction to say they’re more than just Facebook.”
Penn In the News
High inflation creates tax winners and losers. Which are you?
John Ricco of the Pen Wharton Budget Model spoke about how adjustments to tax provisions will impact payers at different tax-bracket levels. “For a lot of people on a short-term basis, absolutely this will look like a tax cut and feel like one,” he said. “For others, they have gotten a lot poorer in real terms.”
Penn In the News
An insider’s travel guide to Philadelphia—Courtesy of an ‘It’s Always Sunny’ star and other notable locals
Adam Grant of the Wharton School recommended visitors to Philadelphia check out Franklin Fountain, The Met Philadelphia, Longwood Gardens, and Joseph Fox Bookshop.
Penn In the News
Would ticket holders pay $25 if they got unlimited food? One movie theater decided to find out
Jagmohan Raju of the Wharton School said the pandemic has been an opportunity for some businesses to experiment with pricing changes. “Many [companies] had no choice but to try,” he said.