Business

Michael Fichman of the Stuart Weitzman School of Design argued that Philadelphia should allow bars, restaurants, and other nightlife businesses to remain open later. Furthermore, he said, the city should “create and empower a Nighttime Economy Office and a nighttime governance framework.”

Jonah Berger of the Wharton School said brokerage accounts for young people could teach money management skills. “There are risks to investing, period…. I don’t know whether those risks are unique to young people,” he said. “Think about cell phones and access to the internet and social media—all are powerful tools that … can have down sides if not used carefully.”

Joseph Turow of the Annenberg School for Communication was interviewed about smart devices and the use of voice recognition in marketing. “For consumers, I want us to be wary, to realize that this is a kind of seductive surveillance,” he said.

Daniel Taylor of the Wharton School said 10b5-1 plans are commonly used by executives who want to sell some of their shares and diversify their holdings without the intention of benefiting from insider knowledge of their own companies.

PIK Professor Herbert Hovenkamp spoke about an antitrust lawsuit against Apple that hinges on the definition of a “relevant market.” Hovenkamp said that while the law requires a definition, “the economics really suggests that a market definition is not necessary.”

Peter Cappelli of the Wharton School spoke about managing talent in business and beyond. “There’s an art to giving people the perception of influence without giving them control,” he said. “Some of that is when you take their advice, let them know you took their advice. Which is a simple thing, but it matters.”

Ron Berman of the Wharton School spoke about how a new Apple feature that allows users to block apps from tracking their online activities might affect Facebook’s revenues. “There are some types of ads, mostly retargeting, that will be harder to display, since now Facebook wouldn’t know who visited an app, put an item in the shopping cart, etc.,” he said.

Excerpts from “How to Change: The Science of Getting From Where You Are to Where You Want to Be” by Katy Milkman of the Wharton School address how workers and bosses can adopt better habits upon returning to the office.