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April 2009

(c) Pennsylvania State University 2010

A compilation of clips of Smeal or Smeal faculty appearing in the media this month.

Media Coverage: April 2009

National Public Radio, 04/29/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the effect of swine flu on international business. "If it continues to expand in the economy and the factory workers get sick or the factory workers get scared and don't go to work, then production goes down," Ghadar said. (Marketplace). 

Exame Expresso (Portugal), 04/29/2009—Article mentions research on executive narcissism by Donald Hambrick, Smeal Chaired Professor of Management. (O Fim Das Celebridades). A longer version of this article appeared in the March issue of Exame.

cdtv.com, 04/29/2009—Fariborz Ghadar, director of the Center for Global Business Studies, is interviewed regarding the latest U.S. GDP numbers. (The GDP Numbers with Dr. Fariborz Ghadar).

The New York Times, 04/27/2009—J. Edward Ketz, associate professor of accounting, comments on losses due to good will. ''Investors will have to be wary of these things,'' Ketz said. ''You never know when an intangible asset is going to be written off.'' (Losses In Good-Will Values Compound Bank Troubles). This article also appeared in the International Herald Tribune and a dozen regional newspapers.

GantDaily.com, 04/27/2009—Article on research by Jean Helwege, associate professor of finance. "The U.S. economy would be better served by letting failing firms file for bankruptcy rather than by bailing them out under presumptive federal policies that deem them to be 'too big to fail,' according to new research from Penn State's Smeal College of Business." (Research: No Evidence For 'Too Big To Fail' Policy).

HarvardBusiness.org, 04/21/2009—Blog entry mentions research on CEO stock options by Donald Hambrick, Smeal Chaired Professor of Management. "They found that CEOs with a lot of stock options made much bigger bets; for instance, they would do more and larger acquisitions, bigger capital investments, and higher R&D expenditures. However, they also showed that they weren't always very good bets." (Why Stock Options Are A Bad Option).

FleetOwner, 04/15/2009—Robert Novack, associate professor of supply chain management, comments on the cost of diesel fuel. "It's really not so much the actual price of diesel fuel but price volatility," Novack said. "If trucking companies are able to anticipate and plan for fuel price increases and decreases, then fuel causes less of an impact on their bottom line and—by extension—freight rates." (Fretting Over Fuel).

The Daily Collegian, 04/20/2009—Article on the Executive Insights talk by Karen Peetz, senior executive vice president at The Bank of New York Mellon. "Peetz, Class of 1977, was the closing speaker in the spring version of Leadership in Focus: Executive Insights, a series hosted by the Smeal College of Business." (Bank Executive Stresses Importance Of Accepting Great Opportunities).

FleetOwner, 04/15/2009—John Coyle, professor emeritus of business administration, and Robert Novack, associate professor of supply chain management, are quoted in an article on the R. Hadly Waters Supply Chain Symposium. (Facing Down Supply Chain Threats).

The Des Moines Register, 04/07/2009—Article mentions research by Gary Lilien, Distinguished Research Professor of Management Science, and Arvind Rangasamy, Anchel Professor of Marketing. "For well-positioned companies, a recession should prompt an aggressive increase in marketing spending, according to a report from Penn State's Smeal College of Business." (Best Practices: Accent Values, Leadership, Marketing During Recession).

Arab News (Saudi Arabia), 04/06/2009—Article on a talk by James B. Thomas, dean, in Saudi Arabia."The dean of one of America's leading business schools told a group of Saudi supply chain professionals and academicians that leadership and problem solving are the keys to success in an ever-more competitive environment." (Leadership, Problem Solving Keys To Supply Chains).

Centre Daily Times, 04/05/2009—Patrick Cataldo, associate dean for executive education, writes in his column on employee engagement. "In tough times, when companies are cutting costs, downsizing employees and finding ways to do more with less, retaining fully engaged employees is becoming a strategic imperative," Cataldo writes. (Why Keeping Staff Engaged Matters).

Centre Daily Times, 04/05/2009—Brief article on the agreement between TNS and the Center for Sports Business & Research to grant the center access to data from the ESPN Sports Poll. "Under the agreement, Penn State would gain access to data developed by ESPN's Sports Poll. The sports poll is considered the most comprehensive source for sports fan data in the U.S." (PSU Center Gains Access To ESPN Poll Data).

CentreDaily.com, 04/05/2009—Patrick Cataldo, associate dean for executive education, writes in his blog on employee engagement. "How do you keep employees motivated in their job, enthusiastic about their organization, and feeling that they have a future career with the company in challenging economic times?" Cataldo writes. "The best way to find out what is on the minds and hearts of employees is to ask them directly." (Employee Engagement).

B-to-B, 04/06/2009—Ralph Oliva, executive director of the Institute for the Study of Business Market, comments on new business-to-business marketing tools. "In a virtual community, [a b-to-b company] can have a census, almost a whole marketplace in one place," Oliva said. (Online Market Research Takes Off).

Altoona Mirror, 04/04/2009—Jean Helwege, associate professor of finance, comments on the government's response to the recession. "No doubt the Democratic majority and the Democratic administration got things added in that aren't necessarily ideal, she said. 'But politics is not the ideal world,' she said." (Take The Money And Run).

National Public Radio, 04/02/2009—J. Edward Ketz, associate professor of accounting, comments on the FASB's easing of mark-to-market accounting rules. "I find it ironic that we talk about wanting greater transparency in financial reports, and we enable corporations to massage their numbers and manipulate them to show whatever they want," Ketz said. (All Things Considered).

Reuters, 04/02/2009—J. Edward Ketz, associate professor of accounting, comments on the FASB's easing of mark-to-market accounting rules. "It is a huge mistake by FASB," Ketz said. "FASB had had a principled view toward fair value, and has compromised it to allow companies to massage and manipulate balance sheet values." (U.S. Eases Mark-To-Market Accounting).

The Daily Collegian, 04/01/2009—Article on a fashion show put on by the Smeal student organization the Penn State Marketing Association. (Students Strut For Charity).

SmartPros.com, April 2009—J. Edward Ketz, associate professor of accounting, writes in his column on the Obama administration's bank stress tests. "I doubt that the results will calm the markets," Ketz writes. "Somebody is going to have to improve the accounting and give an exam that banks might actually fail in a highly public fashion before the markets will be pacified." (Calming Markets With Stress Tests).

SmartPros.com, April 2009—J. Edward Ketz, associate professor of accounting, writes on the FASB's easing of mark-to-market accounting rules. "April 2, 2009 is a day of accounting infamy," Ketz writes. "It is a day in which the Financial Accounting Standards Board bowed to the pressures of the banking community and Congress to allow distortions, massagings, and manipulations of the U.S. financial reports." (Herz Should Resign).

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