Written by: Marc Ethier
Published by: Poets&Quants
MBA News Digest Comment: None.
Extracted Content: Mitch Peterman was nearing the end of his first year in the MBA program at Stanford Graduate School of Business when the coronavirus hit the United States, closing campuses from coast to coast and upending the school year. Still, Peterman says, he is “pretty fortunate.” Since mid-March he has been safely riding out the Covid-19 pandemic at his family’s home in Wisconsin, and his summer internship — with a major Silicon Valley investment firm — is full-time, fully online, and full speed ahead.
Not everyone has been as fortunate. In the MBA world, uncertainty rules. Outside it, millions are out of work, and millions more are barely hanging on. The United States has officially been in a recession since February, and most economists don’t foresee a full recovery until 2021. Now, with help from Peterman and many others, Stanford GSB is swinging into action. Today (June 9) the school announced Stanford Rebuild, a “global innovation sprint” to address the countless challenges in emerging from the downturn, and in creating and accelerating solutions — a brainstorming session on a massive scale, fixed on a massive problem, guided by top minds in business and academia.