May 2002
The Forgotten Side Of Corporate Mergers
How many corporate mergers do you know where years later, say in the case of Lockheed-Martin, holdovers from the two merged companies are still identified as either "a Lockheed guy" or "a Martin Marietta" person? Despite years of working together, people are still seen as the product of their origins, as if they represent distinct and unchangeable differences.
Symposium Highlights Faculty Member's Research
Abdullah Yavas, the William Elliott Faculty Fellow and Professor of Business Administration at Penn State, presented the results of his research on Real Estate Options at several universities between April 12 - 24.
Women And Work: It's Not Getting Easier
Women are still earning much less than men in the workplace, and frankly, things are not improving. The General Accounting Office (GAO) just released a report describing the profile of women in management. Based on census data, women earn an average of 62 cents for every dollar earned by men across industries as varied as communications, public administration, education services, finance, insurance and real estate, and professional medical services. In 7 of 10 industries surveyed, women's relative earnings declined between 1995 and 2000, including communications (they now earn 73 cents of every male dollar compared to 86 cents in 1995), business and repair services (76 cents in 2000 compared to 82 cents in 1995), entertainment and recreation services (62 cents in 2000 versus 83 cents in 1995), insurance and real estate (68 cents versus 76 cents).
Instant Survey Tracks E-Business Issues
The Penn State's eBusiness Research Center (eBRC) is tracking issues relating to e-business with its online "Instant Poll" questions.
Smeal College Alumni Society Board Welcomes New Members
Four alumni were elected to the Smeal College of Business Alumni Society Board during its recent annual meeting. Lynn Kennedy Cruser (BS, Management '83) Solomon Hunter (MBA '84), Elena Kholodenko (BS, Business Logistics/IB '96) and Stewart Stumpo (BS, Marketing '78) will each begin three-year terms of office on July 1, 2002.
Alumni Volunteers Sought For Fall Mentoring Day
The Smeal College of Business is now seeking alumni volunteers for its "Fall 2002 Student Mentoring Day." The event, which is sponsored by the Smeal College Alumni Society Board, is scheduled for October 17, 2002.
Smeal College Graduate Honored By Alumni Society
Ken D. Henderson, a 1971 accounting graduate of Penn State's Smeal College of Business, was recently honored for his contributions to the Penn State Alumni Association. Henderson received the "Outstanding Council Member" award during the Alumni Council's meeting on April 19, 2002. The award recognizes the "above and beyond" contributions that he has made to the Alumni Association.
New Faculty Director Announced For Smeal Scholars Program
Mark Dirsmith, The Deloitte & Touche Professor of Accounting in Penn State's Smeal College of Business, will assume the role of Faculty Director of the Smeal Scholars Program effective July 1, 2002.
Office Design Is About Culture
You walk into a company's offices and it's unmistakable - - this is an organization on the move, innovative, adaptable to changes in the marketplace, low on hierarchy, with a heavy dose of teamwork. You haven't gone further than 10 feet but you know it. How? It's the office architecture, the cultural signals that come from the choice of furnishings, layout, color scheme, and division of spaces among executives, professionals, and staff associates.
Smeal MBA Program Announces New Assistant Dean
Mr. F. Robert Wheeler, III has accepted the position of Assistant Dean and Director of the internationally ranked MBA Program in Penn State's Smeal College of Business.
Creating Carve-Outs Boosts Share Prices And Improves Executives' Performance
Stock options are a useful tool for motivating executives in subsidiary companies, according to recent research on the topic co-authored by two finance professors in Penn State's Smeal College of Business.
Smeal College To Hold Community Information Session On Its New Executive MBA
Penn State's Smeal College of Business will introduce its new Executive MBA Program - taught by the same faculty who teach in the internationally ranked full-time MBA program - to the Centre County community during a special information session on Tuesday, May 21. The event will begin at 5:30 p.m. in the Smeal College Trading Room, which is located in Room 201 of the Business Administration Building on the University Park campus. The Executive MBA Program will be delivered on alternating weekends in Philadelphia as well as during some weeklong sessions in State College.
Smeal College Welcomes Leading Management Scholar To Its Faculty
Donald Hambrick, one of the world's top management scholars, has rejoined Penn State's Smeal College of Business Administration as the new Smeal Chair in Management.
Accounting Professor To Be Honored At Special Reception And Dinner
A special reception and dinner in honor of Professor Robert W. Koehler will take place 5:30 p.m. to 8:30 p.m., Wednesday, June 12, 2002 at the Penn Stater Conference Center and Hotel. Koehler is the PricewaterhouseCoopers' Faculty Teaching Fellow in Accounting and associate professor of accounting in Penn State's Smeal College of Business. He will retire on June 30, 2002, after 39 years of service to the University. Tickets for the event are $40 per person. The reception begins at 5:30 in the Penn Stater's Terrace. The dinner is scheduled to begin at 6:30 p.m. in President's Hall III & IV.
Smeal College Doctoral Student Selected To Receive Dissertation Award
A doctoral student in Penn State's Department of Management Science & Information Systems has been selected to receive The Alumni Association Dissertation Award.
Smeal College Selects Associate Dean Of Research & Graduate Programs
Effective July 1, 2002, Professor Russell Barton will assume the role of Associate Dean of Research and Graduate Programs in Penn State's Smeal College of Business.
Information Session To Provide Overview Of Penn State Executive MBA Program
Penn State's Smeal College of Business will present an overview of the new Executive MBA Program during an information session Thursday, May 2, at the Gregg Conference Center in Bryn Mawr.
Penn State Executive Programs Launches New 'Hot Topic' Seminars
Penn State Executive Programs has been keeping executives and organizations at the forefront of best leadership practices and world-class business models for nearly fifty years, and some expansions to its product portfolio will make sure executives can cope with the latest changes in their industries.
Business Benefits From Online Investments Topic Of Academic Workshop
"Realizing Measurable Business Benefits from Online Investing" is the topic of the upcoming Penn State eBusiness Research Center Annual Workshop.
Executive Panel Winners
It took nearly two days of presentations before CEOs and other corporate leaders until a team of five first-year MBA students walked away as the winners of the annual "Executive Panel Capstone Experience" in Penn State's Smeal College of Business.
Students Earn Internships For Smeal Survivor Performances
Two sophomore students were the top finishers of the recent Smeal Survivor and earned internship offers for their performances.
Smeal College Students Launch Trading Room Newsletter
Students in Penn State's Smeal College of Business recently launched The LionTrader , the official newsletter of the Trading Room.
Task Force Outlines Future Of Business Education
Business educators must embrace radical new strategies and alliances in order to survive. That's one conclusion of a new report issued by a task force of business school leaders, chaired by Judy Olian, Dean of Penn State's Smeal College of Business.
Talent Retention-Now And Forever
The current unemployment rate, bordering on 6%, doesn't give the real picture. True, there are labor markets such as the tech sector which are especially hard hit, with unemployment rates in excess of 6%. But among 4-year college graduates, the unemployment rate as of March 31 was 2.7%. Moreover, in certain sectors like healthcare, construction, and some aspects of education, talent shortages are extreme. For example, in some New York hospitals, tuition assistance has been increased five-fold as an enticement to all employees to return to school. In technical areas like ultrasound and x-ray technicians, salary adjustments are made several times a year. For critical care nurses, hospitals are offering up to $10,000 in sign-on bonuses, and will even pay off student loans.
