Smeal professor reflects on GM crisis

Smeal College of Business edition

Monday, July 21, 2014

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Smeal professor reflects on GM crisis

When GM began recalling vehicles in February because of an ignition-switch problem, the situation brought back early career memories for Denny Gioia. Currently, the Robert and Judith Klein Professor of Management and chair of the Department of Management and Organization at the Penn State Smeal College of Business, Gioia once worked as recall coordinator for Ford Motor Co.  Full story

artist's rendering of bitcoins

Probing Question: What is Bitcoin?

Could digital currency be poised to replace paper money? The pursuit of an independent digital currency began in the early 1990s, explains John Jordan, clinical professor of supply chain and information systems at Penn State. Today's big contender, the Bitcoin, was introduced in 2008 by a person (or group of people) known only by the pseudonym Satoshi Nakamoto. Bitcoin is a digital payment network that allows users to engage in direct transactions without the oversight of a banking organization or government.  Full story