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African American corporate business executives employed in black owned and operated businesses were studied with the purpose of developing profiles and identifying their perceptions of the importance of professional characteristics and career activities to their career achievement.The typical African American corporate executive in this study held the position of chief executive officer or vice president, was male, had a mother as a female primary care giver, had a father as a male primary care giver, had primary care givers who were very supportive of career decisions and goals, had earned a bachelor’s degree, and had a male mentor.With regard to perceptions, the typical African American corporate executive believed that communicating in writing and speaking was “crucial” to his/her career achievement; believed that setting goals was “crucial” to his/her career achievement; believed that adjusting to new situations was “crucial” to his/her career achievement; and believed that developing and strengthening self‐confidence were “crucial” to his/her career achievement.

Soon after the Lehman crisis, the International Monetary Fund (IMF) surprised its critics with a reconsideration of its research and advice on fiscal policy. The paper traces the influence that the Fund’s senior management and research elite has had on the recalibration of the IMF’s doctrine on fiscal policy. The findings suggest that overall there has been some selective incorporation of unorthodox ideas in the Fund’s fiscal doctrine, while the strong thesis that austerity has expansionary effects has been rejected. Indeed, the Fund’s new orthodoxy is concerned with the recessionary effects of fiscal consolidation and, more recently, endorses calls for a more progressive adjustment of the costs of fiscal sustainability. These changes notwithstanding, the IMF’s adaptive incremental transformation on fiscal policy issues falls short of a paradigm shift and is best conceived of as an important recalibration of the precrisis status quo.

Volume 25 celebrates the 25th year of publication for the American Journal of Business (AJB). Launched by eight MAC schools of business in March 1986, the Journal has featured more than 700 authors who have contributed more than 330 research articles at the intersection of theory and practice. From accounting to marketing, management to finance, the Journal prominently covers the breadth of the business disciplines as a general business outlet intended for both practitioners and academics. As the Journal reaches out beyond the MAC in sponsorship, authorship, and readership, we assess the Journal’s first quarter century of impact.