Press Releases

APOLLO, ARES AND OAKTREE TO LAUNCH $90 MILLION INITIATIVE FOR STUDENTS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES

Leading firms invest in Black Futures with formation of “AltFinance” Initiative to introduce more HBCU students to the influential alternative investment industry NEW YORK, June 15, 2021 – Apollo Global Management, Inc. (Apollo), Ares Management Corporation (Ares) and Oaktree Capital Management, L.P. (Oaktree) today announced a 10-year, $90 million, industry-first…Read More

Mayor Kenney Announces “Philly Vax Sweepstakes” Giving Vaccinated Philadelphians Dozens of Chances to Win Up to $50,000

PHILADELPHIA, June 7, 2021 – Philadelphia Mayor Jim Kenney announced today the launch of “Philly Vax Sweepstakes,” a series of three citywide drawings designed to give Philadelphians extra motivation to get their vaccination against COVID-19 as the city fully reopens this summer.  A total of 36 vaccinated Philadelphians will win…Read More

University of Pennsylvania Receives Largest Cryptocurrency Gift in the University’s History to Support Innovation in Finance at the Wharton School

PHILADELPHIA, PA, May 20, 2021 – The University of Pennsylvania (“the University,” “Penn”) is delighted to announce a new anonymous gift of $5 million in the form of Bitcoin – the largest cryptocurrency gift the University has ever received. Facilitated by NYDIG, an industry leader in providing Bitcoin technology and…Read More

The Wharton School, Moody’s and DiversityInc Release New DEI Study

Research reveals evidence-based management practices to improve workplace culture PHILADELPHIA, May 19, 2021—The Wharton School of the University of Pennsylvania, with support from Moody’s Corporation and DiversityInc, today published a new study, Improving Workplace Culture Through Evidence-Based Diversity, Equity and Inclusion Practices, examining the relationship between diversity, equity and inclusion (DEI)…Read More

Penn Wharton Budget Model Projects President Biden’s American Families Plan would spend $2.5 trillion and raise $1.3 trillion by 2031

AFP would increase federal debt by 4.6% and decrease GDP by 0.4% in 2050 PHILADELPHIA, May 5, 2021—On April 28, 2021, President Biden released the second phase of his administration’s infrastructure plan, the American Families Plan (AFP). The AFP is a $1.8 trillion proposal focusing on federal investment in childcare,…Read More

Wharton Profs. to Present on Corporate Governance, Vaccine Uptake and Housing Market at Wharton Seminars for Business Journalists Virtual Program, June 2

Applications now open, deadline to apply is May 25 What: The Wharton School is pleased to invite business journalists to apply for the next virtual Wharton Seminars for Business Journalists program. The June 2021 program will feature Wharton professors Katy Milkman, Ben Keys and Mary-Hunter McDonnell who will present on “The Science of…Read More

Penn Wharton Budget Model Projects that The American Jobs Plan will raise $2.1 trillion by 2030 and decrease federal debt by 6.4% by 2050

The American Jobs Plan will decrease GDP by 0.8% by 2050 PHILADELPHIA, April 7, 2021––On March 31, President Biden announced The American Jobs Plan–a $2.7 trillion plan to invest in American infrastructure. The plan includes spending provisions aimed at rebuilding various sectors of American infrastructure and financing provisions which would…Read More

2021 Wharton People Analytics Conference to Feature Speakers Ray Dalio, Katie Ledecky, Oris Stuart, Kara Swisher, and Tina Tchen

Annual student-run event hosted by Professors Adam Grant, Angela Duckworth, and Cade Massey brings together leaders from business, academe and the world’s premier organizations to inform the future of work PHILADELPHIA, April 5, 2021 —The annual Wharton People Analytics Conference will take place virtually on April 15, bringing together hundreds…Read More

2021 Lipman Family Prize Honorees Named

Winning Honoree will be announced April 23 PHILADELPHIA, March 15, 2021 – EarthEnable, The Luminos Fund, and Promoting Equality in African Schools (PEAS) have been named as honorees for the 2021 Barry & Marie Lipman Family Prize. Chosen from an applicant pool of more than 115 organizations, all three honorees…Read More

What Are the Barriers to Inclusive Leadership? Deloitte, the Wharton School Announce Initiative to Research Barriers, Develop Training and Curriculum to Effect Change

Research to compare experiences of Black and Latino/Hispanic American managers to those from racial majority groups, develop curriculum based on research learnings to advance inclusive leadership NEW YORK, March 10, 2021 — Today, Deloitte and the University of Pennsylvania’s Wharton School announced a new research initiative with the goal of…Read More

Penn Wharton Budget Model Projects 3 Million COVID-19 Vaccinations Per Day Would Add 2 Million Jobs, Increase Real GDP By 1 Percent

Doubling the pace of vaccination would prevent a total 2 million COVID-19 cases in 2021 PHILADELPHIA, March 1, 2021–– The continuation of the COVID-19 pandemic presents the most significant drag on the economy in 2021. Therefore, the pace of economic recovery in 2021 hinges on the pace of vaccination. The Penn Wharton Budget Model…Read More

Venture Lab to Honor John Legend with Penn Wharton Entrepreneurship 2021 Alumni Achievement Award at March 3 Livestream Event

What: Venture Lab at the University of Pennsylvania will honor award-winning artist, founder of FREEAMERICA and undergraduate alumnus John Legend, C’99, HON’14, with the 2021 Penn Wharton Entrepreneurship Alumni Achievement Award. During the virtual, live event, the Wharton School Dean Erika H. James will join Legend for a fireside chat…Read More