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News
Briefs |
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Smith Graduates First Shanghai Executive MBA
Class
Caps on, gowns pressed, the business
executives graduating with MBA degrees from
the University of Maryland's prestigious
Robert H. Smith School of Business on April
15, 2007, are well armed for success within
the fast-moving global, digital economy.
They are further distinguished as members of
the first Shanghai Executive MBA (EMBA)
class to graduate from the Smith School,
which is ranked among the world’s top
business schools.
“I have no doubt that we will continue to
hear great things about this group of
graduates, particularly as China continues
to rise as a major global, economic power,”
said Howard Frank, dean of the Smith School.
“It's with great pleasure that I
congratulate these executives on their
accomplishment and welcome them to the Smith
School’s global alumni community.”
►Full Story
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Student-Run Entrepreneurship Conference at
Shady Grove a Success
Smith students at the school’s Shady
Grove campus pulled off a professional and
very successful daylong entrepreneurship
conference on Saturday, April 14. Nearly 150
people attended the “Turning Your Passion
Into Profit” entrepreneurship conference,
organized by undergraduates in Smith’s
chapter of CEO (Collegiate Entrepreneurs’
Organization) at the Universities at Shady
Grove in Rockville, Md.
Smith School Dean Howard Frank kicked off
the conference, talking about his experience
of starting and running businesses and
comparing those endeavors to running a
business school. He told the young audience
— the majority, students — it could find
success and achieve goals to start a
business by practicing, and by learning from
mistakes.
The conference featured several engaging
speakers with various backgrounds, including
a former Marine with his own career
consulting firm, a founder of a private
global investment firm, the head of a toy
company, and a restaurateur.
►Full Story
Teresa Iannaconi,
MBA ’78, to Deliver Smith School
Commencement Address; 1100 to Graduate on May 21
The Smith School of Business will hold its
commencement ceremony at the Comcast Center
on Monday, May 21, 2007, at 1:00 p.m. Teresa
Iannaconi, MBA ’78, will deliver the
commencement address. Iannaconi has an
impressive accounting background with 40
years of experience in regulation and
compliance, including nearly twenty years
with the Securities and Exchange Commission
(SEC) and twelve years with KPMG, one of the
Big Four accounting firms. The Smith School
commencement ceremony will celebrate the
accomplishments of the 780 undergraduates,
300 MBA students, 50 EMBA students, and 12
doctoral students who will be receiving
their Smith School degrees this spring.
►Full Story
Smith School
to Co-sponsor Fourth Annual Forum on
Financial Information Systems &
Cybersecurity, May 23
The Smith School, along with the Center for
Public Policy and Private Enterprise (from
Maryland's School of Public Policy) and the
Journal of Accounting and Public Policy
will co-sponsor the fourth annual Forum on
Financial Information Systems and
Cybersecurity: A Public Policy Perspective.
The forum will be held on May 23 in Van
Munching Hall. Coordinators for the forum
are Lawrence A. Gordon, Ernst & Young Alumni
Professor of Managerial Accounting, and
Martin P. Loeb, Deloitte and Touche LLP
Faculty Fellow, both of the Smith School’s
accounting and information assurance
department, and William Lucyshyn, director
of research and senior research scholar at
the Center for Public Policy and Private
Enterprise. For more information on the
forum, and information concerning the
possibility of attending this year's forum,
contact Dr. Lawrence A. Gordon (lgordon@rhsmith.umd.edu).
►Full Story
Dingman Center to Host Second Annual Cupid's
Cup
The final round of Cupid's Cup will be held
on Friday, May 4. Cupid's Cup is an annual
business competition showcasing young
entrepreneurs from the University of
Maryland. This competition is made possible
by one of the Smith School's most successful
entrepreneurs, Kevin Plank, CEO of Under
Armour, whose generous donation of $22,500
is awarded each year to the 1st and 2nd
place winning companies. Finalists include
Geocentric, Gill Grilling Company, Goozex,
Sunscreen Mist, and worksCited4U. North Star
Games, founded by two former Smith MBA
students and past Dingman Scholars, won last
year's competition.
►Register now to attend!
The Business Ethics Experiential Learning
Module
Full-time and part-time MBAs recently
attended a three-day Business
Ethics Experiential Learning Module (ELM).
The ethics ELM included some outstanding
speakers and some very interesting role-play
exercises.
Invited speakers included:
• Keith Darcy, Executive Director, Ethics
and Compliance Officer Association
• Scott Avelino, Managing Director, Forensic
Practice, KPMG
• Lesley Fair, Esquire, Senior Attorney,
Bureau of Consumer Protection, Federal Trade
Commission
Speakers on Day 1 included Keith Darcy and
Scott Avelino. Darcy in his thoroughly
engaging style kicked off the ELM by walking
the students through the various corporate
scandals in recent years on both sides of
the Atlantic. He reminded students of the
tremendous loss of shareholder value as
scandals came to light and once heralded
corporate titans were sent to jail.
►Full Story
Business School Event
Profile: Africa Forum and A Touch of …
Africa
 The Smith Black MBA Association (BMBAA)
organized the Africa Forum that involved a
panel of distinguished professionals
discussing the problems, progress and
opportunities in this far-reaching
continent. The panelists came from the USADF,
the World Bank and private industry.
Topics ranged from the rampant political
corruption, debt management, investment risk
management, reversing the prevalent brain
drain, and sustaining growth opportunities.
Panelists included David Blaine, a Smith
alum working as a performance management and
strategy consultant for the U.S. African
Development Foundation, Eric-Vincent
Guichard, chief investment officer at
Gravitas Capital Advisors, and Dr. Kenneth
Mwenda, senior counsel in legal vice
presidency at the World Bank.
The Africa Nite event was the perfect
culmination to a very interactive and lively
discussion. The BMBAA provided a taste of
African food like Jollof rice, goat stew,
Egusi, and fried plantains, beverages,
African music, and also two showings of
contemporary African dance by our own local
dance troupe.
Spring Fling
Fun, Net Impact Silent Auction
The MBA Association (MBAA) promised and
delivered a fun night full of dancing and
drinks with friends, at the annual Spring
Fling on Saturday April 21, 2007. The event
was held at the Renaissance Hotel in
Washington, D.C., and provided students with
the opportunity to take a break and enjoy
themselves for an evening. All 120 attendees
were dressed to the nines for the evening
which served as a farewell to the
second-year MBA students. First-year MBA
student Camille Hoff really enjoyed the
event, “It was great getting together with
the second years before they graduate. It
was also nice to see everyone dressed up-
but Ted’s pink pants were the highlight of
the night.”
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| (L-R) Matt’s
wife Jackie, First-years Matt
Bardill, John Bullock, Tom’s
girlfriend Jen, Don’s wife
Melissa, and First-year Rita
Mullane. |
The evening also played host to the Net
Impact Silent Auction, which helps to
supplement the salary of MBA students that
choose to take socially responsible
internships this summer. First-year MBA
student Matt Herman really enjoyed what the
auction brought to the event, “The highlight
for me was the Net Impact silent auction. So
many students offered up their time and
donations, that I am just thoroughly
impressed with the Smith community!”
The MBAA put on a wonderful evening that
allowed first- and second-year students to
catch-up with each other and share what
their plans are for the summer or the
future. As the school year starts to wind
down it is great to have these events that
allow everyone to get together to have a
good time before saying their good-byes.
 |
| (L-R)
First-years Khalil Hunaidi,
Tarik Layous, Lacy Kridler,
David Schneyer, Dave’s fiancé
Jenny, and First-year Lettie
Goodridge. |
Net Impact Silent Auction
The goal of the Net Impact Silent Auction is to raise
scholarship funds for a member of the
MBA student body who will spend his/her
summer working in a socially responsible
internship program.
This year was a phenomenal success with
exactly $1570 raised. The MBA student
body rallied and bid on items like
cooking lessons (Korean, Indian, and
Chinese), accessories like bracelets and
earrings, couture dinners like sushi,
BBQ, and Grimm’s infamous Granola at
individual homes, language lessons
(Japanese, Chinese, French, Hindi, and
Arabic), and much more.
The Silent Auction is going strong in
its third year. As one student said “I
just want to donate to the cause.” This
desire reverberated across the student
body. Net Impact also thanked the MBA
student body for participating and also
donating the great items that were
auctioned off.
Marrow Drive for Minorities
On April 19, a Marrow Drive for
Minorities was held from 10:00 a.m. to
5:00 p.m. in Van Munching Hall. Nearly
70 participants filled out consent
forms, had their mouths swabbed, and
were entered into the national database.
This far exceeded the group’s target of
50 new database entrants.
Every year, more than 35,000 people in
the United States are diagnosed with
leukemia, anemia, lymphoma, and other
life threatening blood diseases. For
many of these patients, marrow
transplant is the last hope and 70
percent of them depend on the national
registry. While 40 percent of those
awaiting transplants are minorities,
only 20 percent of registered donors are
minorities. Until now, only 500 Asian,
800 Black, and 2100 Hispanic recipients
are able to find a match in the national
registry.
The usual registration fee of $52 was
waived for the donor and covered by
sponsors. All registered donors were
entered into a drawing and two lucky
winners received IPOD shuffles, which
were donated by the PTMBAA. Winners were
Keyi Doorokumo and Joseph Lee.
Volunteers for the event included
Venkatesh Desai,
Fernando Cubillos,
Sujatha Koganti, and
Vinay Kumar. If you missed the marrow
drive, but still would like to donate,
contact
Juliette Williams,
jwillia2@nmdp.org.
For more information on minority donors,
visit:
http://www.dana-farber.org/how/donatebone/minority-donors.asp
Don't
Miss These Events!
Branding, Beer & Food
Enjoy a co-sponsored event from the
Graduate Marketing Association and the
Dingman Center for Entrepreneurship
featuring Bill Schley, author of Why
Johnny Can’t Brand? Beer and food
provided.
What: Branding, Beer & Food
Where: Executive Dining Room, VMH
When: Thursday, May 3. 5:30 p.m. for
refreshments, presentation at 6 p.m.
Why: Enjoy beer, food, and great
conversation about current topics in
brand management.
Dress: Casual.
RSVP: To Laura Bennett at
lbennett2008@rhsmith.umd.edu by May
1.
Open Sail, Charity Auction and BeerBQ
Network and help raise money to benefit
the Downtown Sailing Center, a nonprofit
organization providing outreach programs
to the Maryland community.
What: Open Sail, Charity Auction and BeerBQ
When: Sunday, April 29 , 12-5 p.m.
Where: Downtown Sailing Center,
Baltimore Inner Harbor
Why: "To make the joy of sailing
accessible to everyone regardless of
age, income, ability or disability"
Price: Tickets are a $25 minimum
donation.
Why you should care:
For $100, a disabled sailor can be put
on the water for one day.
For $250, 10 at-risk children can go on
the water for one day.
For $500, a crew of at-risk children can
be on the water for a week.
How to Buy Tickets:
www.deckhands.org
How to Make Donations:
www.deckhands.org
►More Information |
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University Update |
 ►9th Annual Maryland Day
The Ninth Annual Maryland Day will be
celebrated on Saturday, April 28, from 10
a.m. to 4 p.m. all over campus. Events
include a Global Village to highlight the
university's international programs, diverse
cultures and global outreach. In your
travels on Maryland Day, you will experience
the music, dance, food and cultures of five
continents, plus 400 events that demonstrate
the mission and work of this great
university. We invite everyone to enjoy this
free, fun-filled day of learning,
exploration and discovery. This is the one
day each year that the entire university is
open. Be sure to stop by the Smith
School's tent on McKeldin Mall!To get
a better idea of what Maryland Day is all
about and why over 80,000 people
participated last year, watch our short
video clip at:
www.marylandday.umd.edu/qt
►Media
Not Doing its Job on War Coverage, UM Study
Says
The top newspapers in the United States
failed to challenge the Bush
administration's representation of the
dimensions and immediacy of the threat of
terrorism in their coverage of one of the
major theaters of the "War on Terror,"
according to a new study from the
university.
"Too many journalists from the most
important newspapers in the country are
still validating President Bush's
combination of different types of terrorism
into a single category of threat," says
researcher Susan D. Moeller, a professor at
the Philip Merrill College of Journalism.
►Full Story
►Journalism
Prof. Gene Roberts Wins Pulitzer Prize
The Pulitzer Board announced last week that
Philip Merrill College of Journalism Prof.
Gene Roberts and Atlanta Journal
Constitution Managing Editor Hank
Klibanoff won the Pulitzer Prize for History
for their book, “The Race Beat: The
Press, the Civil Rights Struggle, and the
Awakening of a Nation.”
As executive editor of the
Philadelphia Inquirer, Roberts oversaw a
staff that won a remarkable 17 Pulitzers in
18 years. This, however, is the first award
to him personally. This award brings
the number of Pulitzer winners on the
full-time faculty to seven. Roberts is also
the first sitting professor to win a
Pulitzer at the University in more than 20
years.
►Full Story |
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Student Spotlight:
Jorge Christian, MBAA Vice President |
|
 Jorge Christian seems quiet, but the people
who have gotten to know him, laugh at how
deceptive that first impression was. He is
extremely well mannered and always willing
to help out. He grew up in Louisiana before
moving to the Washington, D.C. area midway
through high school. He comes from a Puerto
Rican family. Both parents are scientists
and he has two younger siblings attending
high school in the D.C. area.
►Full Story
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Spotlight:
Sara Kroncke,
Mayer Fund Faculty Advisor, Lecturer |
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 Sarah
Kroncke joined the Smith School as a
lecturer and faculty advisor for the Mayer
Fund in January 2006. Even though she is new
to the faculty, Kroncke is very familiar
with the school from the two years she spent
here earning her MBA, which she completed in
2000. Since graduation Kroncke has been
working in investment banking at Deutsche
Bank and then Wachovia Securities. As a vice
president in Wachovia Securities’ technology
investment banking practice, Kroncke focused
on public equity, convertible securities,
M&A, and private equity transactions.
►Full Story |
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Smith School in the News |
►Wall
Street Journal – April 24, 2007 –
Professor Peter Morici is quoted
in a story about DaimlerChrysler and its
North American unions. ►Bloomberg
– April 23, 2007 – Professor Peter
Morici is quoted in a story about
rising gas prices.
►Read more
►Entrepreneur.com
– April 18, 2007 – Former Dean Rudy
Lamone talks about the Dingman
Center for Entrepreneurship, which he
founded in 1986, and it’s early success
in a story about the shift that turned
America into a nation of entrepreneurs.
►Read more
►Financial
Times – April 17, 2007 – Professor
Peter Morici is quoted about the
impact of oil prices on the CPI indices
in April and May in the U.K.
►Read more
►Chinese
Wall Street Journal.com – April 17,
2007 – Professor Peter Morici’s
op-ed on the U.S. trade deficit is
translated and appears in Chinese.
►Read more
►Washington
Post – April 15, 2007 – Office of
Career Management Director of
Undergraduate Programming Monica
Shutte is quoted in an article about
benefits packages. Smith MBA Nathan
Groce is also quoted, telling how
the benefits package attracted him to
the position he will begin after he
graduates in May.
►Read more
►Marketplace,
American Public Media – April 13,
2007 – Business professor Peter
Morici is interviewed about the
March inflation report.
►Read more or
listen online
►Annapolis
Capital – April 12, 2007 – Associate
marketing professor P.K. Kannan
is quoted in a story about rising gas
prices.
►Read more
►Wall
Street Journal – April 11, 2007 –
Professor Emeritus Jack Haslem is
quoted in a column about investing in
lifecycle funds.
►Read more
►New
York Times – April 8, 2007 – A
working paper on mutual funds
co-authored by finance associate
professor Russ Wermers is
profiled and Wermers is quoted.
►Read more
More Smith School in the News
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Faculty Up Front
A Conversation with Dr. Anil Gupta
In the second episode of a new Podcast
series “Conversations,” second-year MBA
candidate Sachin Agarwal speaks with Ralph
J. Tyser Professor of Strategy and
Organization Anil Gupta. Gupta specializes
in the field of strategy, globalization, and
organization design. He is the coauthor of
three books on global strategy and has been
recognized by Business Week as
"Outstanding Faculty" in its Guide to the
Best B-Schools. In this audio podcast,
he talks about his career, research
interests, China, India, and whether
strategy is an art or a science.
►Listen Now (MP3) |
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Technology@Smith |
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►Secure
Computer Data
We
would like to remind our community NOT to
store sensitive information on your
computers. This includes, but is not limited
to files that contain social security
numbers, sensitive personnel information and bank account numbers.
In the event that your files are stolen this
would be valuable information to a thief.
Consider some of these options for data
protection:
• Password-protect your files (See Example
below)
• Password-protect your laptops
Below are instructions for
password-protecting MS Office documents:
1. Open the document.
2. On the File menu, click Save
As.
3. On the Tools menu in the Save
As dialog box, click Security
Options.
4. In the Password to open box, type
a password, and then click OK.
5. In the Reenter password to open box, type
the password again, and then click OK.
6. Click Save.
Note: When you create a password,
write it down and keep it in a secure place.
If you lose the password, you cannot open or
gain access to the password-protected
document.
Please also consider shredding any
sensitive documentation instead of simply
discarding it in the trash.
►Update Your Virus Protection
Installations of McAfee are set to automatically
update virus definitions, however, when security
exploits are announced, this needs to be done
more frequently. To protect your computer please
manually update your McAfee virus definitions
as soon as possible. To do this,
1. Right click on the red "V" in the taskbar
at the bottom right of your computer screen.
2. Choose "update now" and it will update to
the latest version of "dat."
Of course, new viruses or "exploits" are most
likely being created, so you should manually
run McAfee updates daily.
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Bulletin Board
 Smith
Announces Global Consortium MBA Program in
China
Last week at a news conference in China the
Smith School announced it has entered into a
strategic partnership with the Management
Development Institute (MDI) in India and the
University of International Business and
Economics in China to jointly deliver a
Global Consortium MBA program that will
simultaneously draw students from the United
States, China and India.
(News Release)
China
B-Plan Competition Kick-off
Celebration
 The
Smith School announced an expansion
of the 3rd Annual Smith China
Business Plan Competition at a
kick-off celebration on April 17 in
Beijing with a special dinner at the
American Club. In addition to
$50,000 in prize money, winners will
receive entrepreneurship training
and other incentives.
Administrators, students and alumni
from the Smith School, along with
journalists and competition
sponsors, attended the event.
Asher Epstein, managing director of
the Smith School’s Dingman Center
for Entrepreneurship, gave a
presentation on “Entrepreneurship in
a Flat World.”
(News Release) |
Good Luck to Joyce Medlock
 Over the past year
Joyce Medlock, office manager for
professional programs and services at Smith, and her
husband have been growing a church that they
started in Charlotte, North Carolina, called
Resurrection Life Community Church. April 27
marks her last day at Smith and Medlock is
looking forward to the opportunity to carry
out her passion of ministering and teaching
people. Influencing, impacting and inspiring
people are important to her and this new
endeavor will allow her to do all three on a
grand scale.
►Full Story
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