B-School Highlights: Nov. 2

Raj Rajaratnam, the Galleon Group co-founder accused of insider trading, exits federal court in New York, on March 23, 2011 Photograph by Jin Lee/Bloomberg

Raj Rajaratnam, a 1983 MBA graduate of the University of Pennsylvania’s Wharton School, presented his appeal to the Second U.S. Circuit Court of Appeals on Oct. 24 in hopes of suppressing wiretap evidence used in his conviction in the Galleon Group insider-trading case, according to the Daily Pennsylvanian. Rajat Gupta, the former Goldman Sachs director, was sentenced to two years in prison and received a $5 million fine for providing Rajaratnam with nonpublic information. Gupta is a graduate of Harvard Business School.

The Nyenrode Master Challenge, an online competition of Nyenrode Business Universiteit in the Netherlands, will award six full scholarships and a number of partial scholarships in either the school’s international MBA or MS in management programs. Applicants must pitch themselves to a jury of faculty and students in an online classroom, according to a Nov. 1 announcement.

Robert P. Stiller, founder of Green Mountain Coffee Roasters, and Christine Stiller gave a $10 million gift through the Stiller Family Foundation to support the newly named Robert P. Stiller School of Business at Champlain College in Burlington, Vt.

University of North Carolina’s Kenan-Flagler Business School and the Association to Advance Collegiate Schools of Business have partnered to provide business schools with “Up Your Game: A Leadership Challenge,” a custom simulation tool that tests students’ readiness to assume responsibility, according to an Oct. 26 announcement.

Of the 256 MBA programs surveyed by Kaplan Test Prep, 41 percent said integrated reasoning would make the GMAT more reflective of the business school experience, which is less than the 59 percent who answered that way in 2011. The majority of schools also said they were undecided as to what role the integrated reasoning scores will have on applicant evaluation, according to the survey.

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