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February 2009

(c) Pennsylvania State University 2010

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

Media Coverage: February 2009

The Daily Collegian, 02/26/2009—Tom Hoffman, director of development, comments on Smeal's hiring of Joe Battista as director of major gifts. (Former Club Director Takes Care Of Business).

International Herald Tribune, 02/25/2009—John Spychalski, professor emeritus of supply chain management, comments on high-speed rail in the United States. "It's my perception that a significant part of the population is ignorant of high-speed rail transport," Spychalski said. "So fundamentally you've got a product that's unknown to a large number of people, who mostly think of their personal automobile or their pickup truck when it comes to transportation." (Ignoring Trains Puts U.S. On The Wrong Track).

Centre Daily Times, 02/24/2009—Anthony Warren, director of the Farrell Center for Corporate Innovation and Entrepreneurship, writes the Garber Venture Capital Fund in a letter. Warren writes that there is a "lack of venture capital available to startups in our region. This gap fortunately has been partly filled by the unique and nationally recognized student-run Garber Venture Capital Fund, housed in the Smeal College of Business." (Helping To Fund Entrepreneurs).

The Daily Collegian, 02/26/2009—Charles Enis, associate professor of accounting, comments on the effect of "State Patty's Day" on the local economy. "I believe that if it is celebrated responsibly, it can help the economy," Enis said. (Local Shops May See Green).

WJACTV.com, 02/18/2009—Terrence Guay, clinical associate professor of international business, explains why gas prices are rising while crude prices fall. "A lot of the refineries who turn oil to gasoline have looked at the U.S. economy and said, 'Things aren't going so well; so we're going to decrease our production so there's less gasoline being put on the market,'" Guay said. (Gas Prices Expected To Rise).

The Daily Collegian, 02/18/2009—Jack Latham, assistant director of career and corporate services, comments on how the economy is affecting student recruiting. Latham "said some companies are still hiring, but it's now a 'buyer's market.' While students used to be able to chose between multiple offers, it's now companies that can be selective, he said." (Economy Dampens Career Fair).

Philadelphia Metro, 02/17/2009—Profile of Fariborz Ghadar, director of the Center for Global Business Studies. "He became a professor, ultimately coming to Penn State when they offered him an endowed chair in Global Management, Policies, and Planning. In his current project, which he calls 'Global Tectonics,' he asked 500 leaders (senior business executives and government and NGO officials) 'what's keeping you up at night?'" (A World View Of Business).

Philadelphia Metro, 02/17/2009—Fariborz Ghadar, director of the Center for Global Business Studies, offers advice to professionals considering pursuing an MBA. "If you want to climb the ladder in the business world—or if you want a career with a government agency or NGO that deals with business—you definitely need an MBA," Ghadar said. (Good Advice From A Business School Prof).

Financial News (U.K.), 02/16/2009—J. Edward Ketz, associate professor of accounting, comments on Madoff investors suing their auditors for not identifying Madoff's ponzi scheme. "Ketz said any adverse finding could 'destroy the accounting industry.'" (Auditors Find Themselves In The Spotlight).

Scranton Times-Tribune, 02/12/2009—Austin Jaffe, chair of the Department of Insurance and Real Estate, comments on the tax break for homebuyers in the federal economic stimulus package. "If a house is $150,000 and you get $8,000, that's good, but not significant, especially if prices are falling,” Jaffe said. "Making it more ironic is that the tax credit will only benefit credit-worthy borrowers—not exactly the group for whom tax credits are typically intended." (Home-Buying Incentive Meets Skepticism). This article also appeared in the Wilkes-Barre Citizen's Voice.

Scranton Times-Tribune, 02/12/2009—Austin Jaffe, chair of the Department of Insurance and Real Estate, comments on mortgage foreclosures in Pennsylvania. "State foreclosures are still one-third of the national average, but our increases have been greater than the national average recently," Jaffe said. "We had a lag and are catching up. An increase in delinquencies leads to an increase in foreclosures." (More NEPA Homeowners Falling Behind On Mortage Payments). This article also appeared in the Wilkes-Barre Citizen's Voice and the Hazleton Standard-Speaker.

The Daily Collegian, 02/09/2009—Article on Warren Buffett's visit with 27 Smeal MBA students. (Students Meet, Greet Billionaire).

Centre Daily Times, 02/08/2009—James A. Miles, Bradley Fellow of Finance, reviews the book When I'm Sixty-Four: The Plot against Pensions and the Plan to Save Them. "Ghilarducci's plan would lower risks for retirees but likely increase risks for those paying the bills," Miles writes. "As we watch our automotive industry struggle with pension and health care legacy costs, one can only wonder how an entire nation might fare with a similar burden." (Sixty-Four Aims To Reform Retirement).

MSNBC.com, 02/07/2009—Smeal MBA students Dave Noreen and Amishi Patel comments on meeting Warren Buffett when he hosted 27 Smeal MBA students at the Omaha, Neb., headquarters of Berkshire Hathaway. "He believes in the country a lot, believes in our government a lot," Patel said. "He's pro-American and excited about the economy going forward. It's good news for us," Noreen added. (Warren Buffett Dines With 150 Friends). This article also appeared on KETV.com with a brief video.

The Associated Press, 02/04/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on how the recession is affecting agriculture. "Yes, we have housing problems, but we're not going to not feed our kids," Ghadar said. (Economy Unlikely To Affect Many U.S. Farmers). This article has appeared on more than 100 Web sites.

Investor's Business Daily, 02/04/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on how chip manufacturers are responding to the recession. "What chipmakers are going through is a microcosm of what is happening to many U.S. exporters generally," Ghadar said. (Chip Manufacturers' Tactics Differ For Dealing With Global Recession).

Wisconsin Public Radio, 02/04/2009—Timothy Pollock, professor of management, discusses executive compensation in light of President Obama's plan to limit CEO pay at firms receiving federal bailout funds. (Conversations With Kathleen Dunn). This programs aired on 18 stations in Wisconsin.

Centre Daily Times, 02/01/2009—Patrick Cataldo, associate dean for executive education, writes in his column about business ethics. "Whatever happened to the golden rule of 'Do unto others as you would have them do unto you'?" Cataldo writes. "In the fast-paced, technology-driven, global world we live in, ethics in business has become a serious concern, reduced to 'who do you trust?'" (Business Ethics Takes On Greater Import Amid Increasing Scams).

CentreDaily.com, 02/01/2009—Patrick Cataldo, associate dean for executive education, writes in his blog about business ethics. "More than just a biblical phrase, 'Do unto others as you would have them do unto you' is a saying that shouts business ethics," Cataldo writes. "It is treating people fairly—employees, customers, suppliers, and shareholders. They all deserve your respect and trust. When that is broken, it's violating the golden rule" (Business Ethics).

Doors and Hardware, 02/01/2009—Gary Lilien, Distinguished Research Professor of Management Science, comments on his research on marketing during a recession. "Companies that have been looking at marketing as an investment, and not an expense, and have been running their business through customer knowledge are the ones that are going to come out of this [recession] really, really well," Lilien said. (Turn The Recession Into A Marketing Opportunity).

GantDaily.com, 02/01/2009—Article on a trip by Smeal MBA students to meet Warren Buffett. " group of 27 MBA students from Penn State's Smeal College of Business will travel to Omaha, Neb., next week to meet with Warren Buffett, chief executive officer of Berkshire Hathway and arguably the most successful investor of all time." (Students To Meet Warren Buffett In Omaha).

SmartPros.com, February 2009—J. Edward Ketz, associate professor of accounting, writes in his column about Washington's handling of the federal budget. "We are on the road to national bankruptcy," Ketz writes. "Let's hope somebody wakes up in time to stop the disaster before it is too late. When we rise from our stupor, let's then awaken members of Congress and the administration." (On The Road To National Bankruptcy).

SmartPros.com, February 2009—J. Edward Ketz, associate professor of accounting,writes in his column on President Obama's plan to cap executive compensation. "If Obama wants to score political points while simultaneously holding out his hands for future contributions from America's wealthy managers, then he should continue to call for a cap of executive compensation," Ketz writes. "However, if this administration desires to reform corporate America, then let’s have some legislation with real teeth. No more meows." (Executive Compensation: Public Grumbling And Obama's Meow).

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