Finance

Professor Kristi Minnick received the Best Paper Award from Corporate Governance: An International Review for “CEO turnover: Cross-country effects,” which examines how different countries’ cultural and legal environments, in addition to firm-level governance mechanisms, affect board decisions to retain or terminate CEOs.  

The study found that boards in cultures characterized by higher individualism, competition and stronger views that hard work leads to success are more likely to replace CEOs in response to poor shareholder performance. Conversely, boards operating in cultures that are more corrupt and more protective of employees exhibit lower turnover–performance sensitivity. 

Senior Lecturer Steve Wasserman is the 2024 recipient of the Joseph M. Cronin Award for Excellence in Academic Advising and Mentoring. Named in honor of Bentley’s fifth president, the annual award is determined by student nominations.

Currently serving as fractional CFO for two local companies, Wasserman has more than 40 years’ experience in corporate finance, accounting, financial planning and analysis and investor relations. He is a regular contributor to Forbes magazine, where he shares insights from his experiences as both a financial officer and educator. In recent articles, he explores how to prepare students for success in the workplace and the evolving needs of finance teams.