2006-07 - College of Business
Transcription
2006-07 - College of Business
M i z zo uBusin ess A magazine for alumni and friends of the University of Missouri–Columbia College of Business ■ 2006 College Develops Game Plan for the Future Welcome from the Dean Alumni and friends of the College of Business, Photos on front cover, from top to bottom Fall is an exciting time at Mizzou. Cornell Hall is filled with students, and faculty members are busy with teaching and research. And many alumni return to campus, some of whom give guest lectures to our students. Of course, we also hope that our MU Tigers football team continues to have a winning game plan for the season! From left, Roger and Sandy Vasey, founders of the Vasey Academy; Scott CEO Forum Speaker and TD Ameritrade CEO, Joe Moglia; and Betty and Tom Scott, the sponsors of the college’s CEO Forum. Alumnus Jeff Smith at the announcement of the establishment of the Jeffrey E. Smith Institute of Real Estate. Warren Buffett, center, with MBA and undergraduate finance students who met with him in Omaha. Michael Roberts, CEO of The Roberts Companies, presenting at a Scott CEO Forum. Alumnus Daryl Smith, SVP of human resources at ESPN, with Executive Luncheon student participants, from top, Ashley O’Neal, Nakoya Moss, and Jennifer Graves. Jim Turley, CEO of Ernst & Young, talking with a student as part of the Scott CEO Forum. Dean Walker and Governor Matt Blunt at the annual banquet of the college’s Davenport Society. Photos on back cover, from top to bottom Ratti Ratneshwar, Bailey K. Howard World Book Chair of Marketing and chair of the Department of Marketing, voting on priorities at a college strategic-planning session. Mark Houston, David and Judy O’Neal MBA Professor and associate professor of marketing, teaching an MBA class. Phyllis Moore, senior academic advisor, with accountancy major Todd Castagno. Undergraduate students, Aaron Rinehart and Cleve Wilson, in a strategic management course. From left, MBA students Huei-Chun “June” Lu, Matt Pufall, Yanki Ukyab, and Liz Carter making their winning presentation during the college’s Integrated Functional Perspectives case competition. Speaking of game plans, my faculty and staff colleagues, students, alumni, and I have updated and refined our college’s strategic plan. Our aim is to be recognized as one of the nation’s top 20 public business schools. Key strategic priorities have been established through an intensive 12-month process. The story beginning on page 8 contains more details about the plan. We have already begun to make significant progress in relation to key priorities in the plan. Recent highlights include: • The newly established Jeffrey E. Smith Institute of Real Estate will benefit both our students and the real estate industry through varied educational programs. • As a result of added support from Harry and Ann Cornell, the remaining debt on the college’s building will be paid off, the interior will be enhanced both functionally and aesthetically, and 7,400 square feet of shell space in the lower level of the building will be converted into classrooms and meeting space for students. • Thanks to the generosity of Bill Caldwell, professional-development opportunities for our students will expand, with the possibility that it will become a required part of the undergraduate curriculum. • Added support from the Cornells has also made it possible to create the Cornell Leadership Program, which will serve up to 100 top-caliber undergraduate students. • The School of Accountancy continues to shine among its peers, ranked #14 in the nation in the 2005 Public Accounting Report. • The Crosby MBA Program rose to higher levels in U.S. News and World Report’s annual ranking, now up to #59, and our undergraduate business program maintained a strong ranking, #51, in the magazine’s survey. • More than 135 guest speakers, both successful business executives and renowned faculty members from other universities, came to campus to share their knowledge and insights with our students and faculty. Reading about all that was achieved during the past year should fill you with pride. Our College of Business is fortunate to have so many dedicated team members who, in various ways, help us fulfill our educational mission. I am very grateful for the expertise, time, and financial support that our alumni, faculty members, staff, and students provide to the college. I am excited, as I hope you are, to see what is ahead for the college. I am confident that the strategic plan we have developed builds on what we have accomplished and will allow us to fulfill our ambition of being a world-class business school. Sincerely, Bruce J. Walker Lansford Professor of Leadership and Dean MizzouBusiness ■ 2006 M i z zo uBusin ess A magazine for alumni and friends of the University of Missouri–Columbia College of Business ■ 2006 Contents Feature Story........................................................ 8 College Updates.. ........................................... 2 p.2 The Herbert J. Davenport Society................ 15 Crosby MBA Program Updates.. .................... 18 Student News.. ............................................. 19 Faculty News................................................ 23 Alumni Profiles............................................ 26 Alumni News.. .............................................. 30 p.21 Class Notes.. ................................................. 33 In Memoriam............................................... 37 Strategic Development Board and College of Business Directories.................... 40 p.30 MizzouBusiness is published by the University of Missouri-Columbia College of Business, 408 Cornell Hall, Columbia, MO 65211. Please contact the Office of Advancement with any questions regarding MizzouBusiness. Phone: 573.882.6768 Fax: 573.884.1675 E-mail: [email protected] Dean: Bruce Walker, Lansford Professor of Leadership Executive Director of Advancement: Tom O’Neal Managing Editor: Laura Harris Contributing Writers: Teressa Gilbreth; D’Arcy Haeusser; Priya Ratneshwar Photography: Gene Royer, MU Academic Support Center; Stella Studios Design: Jan Wagner, MU Academic Support Center © Copyright 2006 University of Missouri-Columbia College of Business. All rights reserved. AACSB accreditation represents the highest standard of achievement for business schools worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review. College Updates College of Business Establishes Real Estate Institute Enabled by gifts with a total impact of $3 million from alumnus Jeff Smith “I’m pleased to provide financial resources in order to build upon the already strong real estate curriculum at MU. Wellprepared MU graduates will continue to make excellent employees for a variety of firms in the real estate industry.” Jeff Smith BS BA ’72 T he College of Business established the Jeffrey E. Smith Institute of Real Estate in January 2006 as part of the Department of Finance. The new institute will support the expansion of educational offerings at both the undergraduate and master’s levels, increase the array of professional-development opportunities for students, and facilitate research focused on real estate and other financial services. The institute will conduct an annual na- Smith talks with Ray Lansford, one of his tional conference for the real estate indus- former instructors in the College of Business. In Smith’s remarks at the gift announcement, Smith try. Smith’s generosity also will help to said the retired assistant dean inspired him. fund more guest lecturers in real estate; the national student organization, Rho Epsilon; and internships for students in real estate. Smith’s donation for the institute, combined with his gifts for a related professorship that includes state matching funds and a faculty scholars program, has a total impact of $3 million. His support will provide operating funds for the institute and also will start an endowment that is intended to assure that the institute becomes a permanent part of the college. Smith is the founder and president of Jeffrey E. Smith Cos., a family of real estate development, construction, and management companies. In conjunction with the announcement of Smith’s gift, the first lecture under the banner of the Jeffrey E. Smith Institute of Real Estate was held on January 24, 2006. David Stockert, president and CEO of Post Properties Inc., spoke about “The State of Real Estate.” Founded more than 30 years ago and based in Atlanta, Post Properties is one of the largest developers and operators of upscale multi-family housing communities in the United States. The first Jeffrey E. Smith Institute of Real Estate Conference is scheduled for April 27, 2007. For more information, call the director of the institute, Sam Goldman, at 573-882-2371. From left: Jeff Smith, BS BA ’72; Dan French, chair of the Department of Finance; and Bruce Walker, dean, with Smith’s portrait that now hangs in Cornell Hall. MizzouBusiness ■ 2006 Business Beyond Borders T o supplement MU’s initiatives related to international education, the college started its own study abroad program four years ago. The program has grown steadily, with multiple locations throughout Europe and Asia. More than 174 students studied abroad in one of three four-week summer and three two-week intersession programs that took place during the past academic year. For 2006–07, students will be able to choose among programs in Austria, China, Prague, Hungary, Ireland, Italy, Korea, Spain, and Vietnam. By taking a study abroad course, students gain insight into key aspects of international business, develop an appreciation for cultural diversity, and obtain an understanding of how travel can enrich one’s life and career. “Considering that most businesses have to be concerned about international factors in order to be successful, I really valued being able to learn about global business issues firsthand,” says Ryan Kuryla, BS BA ’05. Now a student in the Crosby MBA Program, Kuryla studied in Paris and London as part of an international marketing class. Both the summer and intersession courses begin with pre-departure classes to discuss the fundamentals of international business and cultural differences that students will encounter. Activities during the overseas portions of study abroad courses include corporate visits, an opportunity to take classes with students from the host country, and some free time to explore the region and experience arts, culture, and social activities. “Students tell me how much the experience changes their attitude and understanding of other people’s culture and values,” says Charles Franz, associate professor of management, who has directed the College of Business’ study abroad program since its inception. Further growth is expected as more students discover how the study abroad program can shape their perceptions of business in other parts of the world. The number of programs in existing locations also may increase. Warren Buffett offers MU finance doctoral student Andy Kern some confidential advice. In October 2005, 45 finance students along with some alumni and faculty members went to Omaha, Neb. to meet with the “Oracle of Omaha.” Read more about their trip and other collaborative endeavors on page 13. Advising Office Welcomes New Staff Five new advisors joined the Undergraduate Advising Office this year. All have prior experience working with students. The new additions are: Marvin Burns completed his master’s degree in agricultural education from MU this past summer. Prior to becoming a business advisor, he was a graduate assistant with Academic Retention Services and was the first minority student recruiter for the College of Agriculture, Food and Natural Resources. Burns will advise students and also serve as the co-advisor for the Black Business Student Association and the College of Business Ambassadors. Aaron Cook earned a BS BA degree in 1999 and an MBA degree in 2006, both from Rockhurst University. He comes to the College of Business from the School of Medicine, where he was the student services coordinator for the health management and informatics master’s degree program. Teresa Mitchell recently completed her master’s degree in educational leadership and policy analysis. While obtaining her degree, she was a graduate assistant with Greek Life. Mitchell will be advising general business students as well as accounting students. Angie Rataj’s most recent position before the College of Business was as academic advisor with the College of Education. She earned her master’s degree in educational leadership and policy analysis from MU in 2003. Sue Yun earned her bachelor’s degree in 1995 from the MU School of Journalism followed by a master’s in journalism in 1997. She comes to the College of Business from an advising position with the Student Success Center. Yun serves as the coordinator of diversity programs and also advises students. MizzouBusiness ■ 2006 College Updates The Cornells Continue Their Generosity Harry and Ann Cornell, two of the college’s greatest supporters, recently pledged an additional $4 million for “people and programs” as well as “bricks and mortar.” “The College of Business is one of Missouri’s centers of excellence in education. It needs and deserves to have programs and a facility that attract and develop Missouri’s top students,” says Harry Cornell (BS BA ’50, LLD ’03). “Ann and I are blessed and pleased to be able to provide additional support. These funds will give students the opportunity to receive top-quality preparation in business and accounting.” Director Appointed for Smith Institute of Real Estate Of the gift, $1.4 million will endow a new leadership program for high-ability undergraduate students. The Cornell Leadership Program will consist of a series of honorstype courses and extracurricular activities aimed at developing leadership capabilities. The program is planned to serve 50 students initially and grow to 100 students. Admission will be highly selective, based on academic achievement and community involvement. Samuel Goldman is the new director of the Jeffrey E. Smith Institute of Real Estate at the University of Missouri-Columbia College of Business. Goldman has been a pro- The other $2.6 million will be directed tofessor at the University of Massachusetts ward completion and enhancement of Corand New Mexico State University and was nell Hall. Part of these funds will be used the head of NMSU’s Department of Fi- to pay off the balance remaining from the nance from 1999 to 2002. construction and furnishing of the building, Goldman’s business experience in real completed in 2002. The majority of the $2.6 estate and financial services is extensive, million will enable finishing 7,400 square feet including serving as president of Union in the lower level of the building and making Square Associates, Banana Belt Cinemas, both functional and aesthetic enhancements and Delaware Hotel Inc. He is currently to the building’s interior. a director of Mesilla Valley Bank, in Las Harry and Ann Cornell, long-time The Cornells have supported the college for Cruces, N.M. supporters of the college, after participating in a Distinguished many years, with both personal involvement “I am honored to be the first director of the Alumni Forum. Jeffrey E. Smith Institute of Real Estate,” and financial gifts. The Cornell’s leadership Goldman says. “With the resources pro- gift of $1.5 million in 1995, augmented by an equal gift from Leggett & Platt Inc., vided by Mr. Smith and other alumni, we provided the impetus for the college’s successful capital campaign that raised $31 milhave the ability to do great things for the lion to support students, faculty and programs, and also for the construction of Harry growing number of students interested in and Ann Cornell Hall. the field and also for the real estate industry at large.” Goldman earned his bachelor’s degree from the University of Michigan in 1960 and completed his MBA degree at the Wharton School of Business at the University of Pennsylvania in 1962. He received a juris doctorate from Northwestern University in 1965. “I am extremely pleased we were able to attract someone with Mr. Goldman’s combination of academic experience and business expertise,” said Dan French, chair of the Department of Finance. Read more about the institute on page 2. MizzouBusiness ■ 2006 Cornell Leadership Program The Harry and Ann Cornell Leadership Program began this semester with a group of 30 freshmen and 20 upperclassmen who have exceptional academic records and community involvement. Plans for the program include a leadership seminar for the freshmen; discussions of the book, The World Is Flat; a community service project; luncheons with executives; and potentially a study tour to New York City. The program is expected to expand to 100 students in the coming years. Honor Roll 2005-06 National, State and Local Awards Academy of Marketing Science Outstanding Teacher Award Mark Houston David and Judy O’Neal MBA Professor Governor’s Award for Teaching Excellence Dan Turban Stephen Furbacher Professor of Organizational Change Participant in Chamber of Commerce’s Leadership Columbia program Mike Haggas Director of Development National Association of Workforce Development Professionals Outstanding Professional Development Award Dewey Thompson Business Trainer and Consultant, Missouri Training Institute MU Awards MUAA Faculty–Alumni Award Ken Evans Pinkney C. Walker Professor in Teaching Excellence and Associate Dean Provost’s Outstanding Junior Faculty Teaching Award Mark Houston Excellence in Teaching with Technology Award Vairam Arunachalam PricewaterhouseCoopers/Joseph A. Silvoso Distinguished Professor in Accountancy Graduate Student Support Staff Appreciation Award Robyn Ridgway Senior Academic Advisor Crosby MBA Program Most Inspiring Professor (selected by MU student-athletes) Jim Wall Curators’ Teaching Professor in Management College of Business Awards Distinguished Research Achievement Award Steve Ferris James Harvey Rogers Chair of Money, Credit and Banking Faculty Research Development Award Shaoming Zou Associate Professor of Marketing Raymond and Mary Ann O’Brien Excellence in Teaching Award Billie Cunningham Adjunct Associate Professor of Accountancy Outstanding Faculty Service Award Dan Turban Outstanding Staff Service Award Sharon Reed Director of External Relations Outstanding Staff Service Award Jim Sharrock Director of Undergraduate Advising Student Council’s Faculty Member of the Year John Bennett Adjunct Assistant Professor of Marketing Harry Hall Trice, Jr. Faculty Research Awards Jere Francis Curators’ Professor and KPMG/Joseph A. Silvoso Distinguished Research Professor of Accountancy Inder Khurana Deloitte Professor of Accountancy Raynolde Pereira Assistant Professor of Accountancy Marketing Sales Conference Attracts International Scholars In many industries where personal selling is a primary form of marketing, the quality, quantity, deployment, and motivation of sales-force efforts significantly affect company success. As the management of customer relationships becomes more complex and demanding, businesses are putting renewed emphasis on optimizing the productivity of their sales-force investments. To stimulate research and exchanges on issues related to sales force management, the college’s Department of Marketing hosted an international conference on “Enhancing Sales Force Productivity” in April 2006. The conference was sponsored by the department, the Marketing Science Institute, and the Journal of Personal Selling and Sales Management. The conference featured a plenary session and 28 research presentations by leading scholars. Nearly 70 faculty members and industry participants attended from schools such as Boston University, Harvard University, Northwestern University, University of Minnesota, and UCLA. Scholars from highly regarded universities in Australia, Canada, France, Germany, and the U.K. were also in attendance. The conference received support from Anheuser-Busch, Shelter Insurance Companies, the Direct Selling Education Foundation, and Pi Sigma Epsilon. The conference was co-chaired by three professors: Murali Mantrala, MU; Sönke Albers, Christian-Albrechts-University at Kiel; and Kissan Joseph, University of Kansas. The next conference to cover sales force issues will be hosted by the University of Kiel in Germany. MizzouBusiness ■ 2006 College Updates Private Gifts Fund Educational Excellence MU’s For All We Call Mizzou campaign was so successful that the University decided in September 2005 to continue this historic fundraising endeavor until the end of 2008. The goal of $600 million, met by the end of 2005, increased to $1 billion. This ambitious new goal places MU among an elite group of 25 public universities that have conducted a $1 billion campaign. The College of Business is now aiming to raise $70 million by December 2008. Thanks to the generous support of alumni, faculty, staff, and friends of the college, the campaign total as of September 30, 2006 was $63.5 million, or nearly 91 percent of the goal. Private support is particularly important to the college in recruiting high-ability students, making MU more accessible to students with financial need, attracting and retaining top-caliber faculty, introducing new programs, and sustaining the high level of quality in its educational activities. ■ The late Brigadier General Arthur Friedman (BS BA ’35) and his late wife, Josephine, provided a $3 million trust from their estate. ■ The college received a $2 million gift from an undisclosed donor. The ways in which the funds will be applied are under discussion with the donor. ■ A combined estate and cash gift of $1.9 million from Bill Caldwell (BS BA ’56) will establish the C. William Caldwell Fund for Professional Development. Caldwell’s generosity will allow the college to launch a new professional development program for undergraduate students. The program will consist of a new course, practicum experience, and other outside-theclassroom activities. ■ Leadership Gifts The College of Business is thankful for many major gifts received recently, including: ■ Geraldine Trulaske, widow of the late Robert J. Trulaske, Sr. (BS BA ’40) made a leadership gift that will fund six named faculty positions. The gift also will provide MU scholarships, some designated for students with high financial need. ■ Harry Cornell (BS BA ’50, LLD, ’03) and his wife, Ann, made a generous gift of $4 million. See story on page 4. ■ Jeffrey Smith (BS BA ’72) made a gift of $1.8 million to establish the Jeffrey E. Smith Institute of Real Estate, the first real estate center in the state. See story on page 2. MizzouBusiness ■ 2006 BKD, LLP made the commitment to increase its annual giving from partners and employees from $50,000 to $70,000. This added support will elevate BKD’s named faculty position from a fellowship to a professorship. Elaine Mauldin, associate professor of accountancy, is the BKD Professor. ■ Richard Miller (AB ’70), president and CEO of Miller’s Professional Imaging, made a gift of $1.1 million. The gift supports a named chair position but also stipulates that the award can be made for more than one named position, such as two professorships, based on the needs of the college. ■ Ed Kendig and his wife, Sandra remembered the college with a $300,000 unrestricted estate gift. The gift was made in honor of Ed’s father, the late Andrew Kendig, who was a 1916 graduate of the first class of what was then known as the School of Commerce at MU. ■ Ernst & Young, one of the county’s leading accounting firms and a major employer of the college’s graduates, raised more than $100,000 from its partners and employees who are Mizzou alumni. This successful effort, which surpassed $100,000 for the first time, will support the college’s nationally renowned School of Accountancy. Faculty and Staff Contribute to Campaign To date, more than 50 percent of the College of Business’s faculty and staff members have given to the campaign. Dean Bruce Walker says, “The level of participation by my faculty and staff colleagues underscores our shared commitment to the mission and future success of Mizzou’s business school.” The campuswide participation rate is 29 percent for faculty and staff members. Since January 2005, MU faculty, staff, and retirees have donated more than $1.4 million to the campaign. New Recognition Plan Established Gifts of at least $25,000 to the college’s new Strategic Priorities Fund or unrestricted gifts that meet that threshold will be recognized through an appropriate naming opportunity in Cornell Hall. Donors will be honored by having an office, classroom, or department suite named in their honor. Such gifts provide the college with flexibility in meeting current challenges and opportunities. “Recognizing donors through naming opportunities has dual benefits,” says Tom O’Neal, executive director of advancement. “It provides a way to say thank you to donors, plus having the names of our highly successful alumni and friends on the walls of Cornell Hall adds to the prestige of the business school.” Business Career Services Expands Services and Augments Staff B usiness Career Services (BCS) in the College of Business is strengthening its commitment to prepare students for their postgraduation careers by developing new initiatives and adding staff members. Also, the office added “Business” to its name to differentiate the College of Business’ unit from the Campus Career Services Office. “We want to provide business and accounting students with even more opportunities to network with recruiters, apply for internships and learn about which career choices are best for them,” says Matt Reiske, who became the new director of Business Career Services in October 2005. Reiske previously served for six years as director of recruitment and career services for MU’s College of Engineering. Accountancy student John Hall participates in a mock interview, which is one of the services BCS provides to upcoming graduates. BCS’ primary initiative will focus on expanding its student base and encouraging more freshmen and sophomores to use the resources the office offers. Nearly 1,500 students are registered with BCS, but Reiske wants more of these students to use the office earlier in their college careers to more fully incorporate professional skills into their education. BCS plans to increase the quantity and variety of employers that recruit at MU by bringing in recruiters from a more diverse array of industries and from a wider range of geographic regions so students will have more opportunities to seek employment nationwide. Some of the expanded activities for BCS include: larger Career Fairs; business-dress etiquette seminars; a Professional Development Day, which allows students to participate in mock-interview sessions with recruiters; résumé and cover letter seminars; and Field Trip Fridays to network with executives and learn about corporate culture in companies across Missouri. BCS has also hired new staff members – Lynsie Tottleben-Steinley has joined the office as an assistant director and Traci Scardina is a career specialist and admissions adviser for the Crosby MBA Program. Training Missouri’s Work Force The Missouri Training Institute (MTI), an outreach program affiliated with the College of Business, provides training and professional development services to customers in business and industry, government and nonprofit organizations, and educational organizations. MTI offers customized training, specializing in the areas of customer service, human resources, leadership, management and supervision, teamwork, training design and delivery, and work force development. MTI had a successful fall and winter with more than $545,000 awarded in contracts and grants from a variety of companies and government agencies in Missouri. To find out more about MTI’s services, call 573-882-2860 or e-mail [email protected]. 21st Annual Missouri Business Week a Success Nearly 200 high school sophomore and juniors were introduced to the world of business during a unique learning experience sponsored by the Missouri Association of REALTORS®, in partnership with the College of Business. Missouri Business Week (MBW), which was held in June 2006, helps Missouri high school students learn about business education and careers. They also gain experience in making business decisions using team-based business simulation exercises. Aided by volunteer business leaders and professional workshop facilitators, the five-day program focuses on helping students learn and understand the basics of teamwork, leadership styles, and business ethics. Recommended by their high school teachers and counselors, students attend MBW on scholarships provided by Missouri’s REALTORS® and other Missouri businesses and organizations. For more information or to sponsor students, contact Jacki Langworthy, director of the Center for Education and Private Enterprise, at [email protected]. MizzouBusiness ■ 2006 College Develops Game Plan for the Future By Teressa Tignor Gilbreth “Any organization … needs a good ‘game plan’ with regards to its purpose, what it wants to accomplish, and how it intends to do that.” Dean Bruce Walker As president and CEO of Colliers Turley Martin Tucker, a large commercial real estate firm with headquarters in St. Louis, Mark Burkhart (BS BA ’76) is executing a business plan that sets a course for future growth. . . It’s safe to say that Ralph Babb (BS BA ’71), chairman, president, and CEO of Comerica Inc., a huge bank holding company based in Detroit, Michigan, is guided by a well-crafted plan to sustain and build profitability in an intensely competitive environment. Likewise, Sue Cejka (BS BA ’72) has a blueprint for continuing to build on the success that she and her partners have experienced since buying the St. Louis-based Grant Cooper & Associates, an executive search firm focused on the healthcare industry, . . . And Dan Henry (BS BA ’88), the co-founder of Euronet Worldwide in Leawood, Kansas, had a global business plan in seeking to place automated teller machines and point-of-sales terminals in numerous countries around the globe. Closer to home, the MU football team– with leadership from coach Gary Pinkel, and record-setting quarterback Brad Smith (BS BA ’05) carried out a game plan that took the Mizzou football team to bowl games in two of the past three years. And their new game plan seems to working well in the early part of the 2006 season. More than 350 students gathered to hear the CEO of Macy’s Midwest, Bill McNamara, speak during a program arranged by the college’s two business fraternities, Alpha Kappa Psi and Delta Sigma Pi. MizzouBusiness ■ 2006 “Any organization – start-up enterprise, Fortune 500 company, football team, or collegiate business school – needs a good ‘game plan’ with regards to its purpose, what it wants to accomplish, and how it intends to do that,” Dean Bruce Walker says. The mission of the MU College of Business is to prepare our students to succeed in the world of business and to advance the body of knowledge about the world of business. The vision of the college is to be one of the top 20 public business schools in the nation. “Having input from our varied constituents was a prerequisite for an effective planning process,” Walker states. With that in mind, he established a 34-person committee to update the college’s five-year-old strategic plan. According to Walker, the planning group was sizable in order to assure that there was ample representation from not only the college’s faculty and staff but also from students and alumni. Academic Research “Developing a strategic plan helps everyone involved with an organization to focus and agree on where their energy and finances should be spent,” says MU alumnus Gene Gerke, president of Gerke & Associates, Inc., a management consulting firm the college retained to facilitate the planning process. The work of MU finance professors Steve Ferris and Sterling Yan was reported in national media last year. According to their research, regulations passed by the Securities and Exchange Commission with a goal of improving mutual fund governance may not be as effective as intended. The planning team began by reviewing MU’s and the college’s existing plans, including the mission, vision, and values statements. It then conducted a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis, focused on the college. To a great extent, the group concentrated on building the college’s strengths, such as the School of Accountancy and collaboration efforts with the business community. According to Assistant Dean Mary Beth Marrs, who was a member of the planning team, “The college cannot afford to be weak in key areas. At the same time, the college has the opportunity to excel – to serve students and the business community – in a number of areas, some of which represent long-standing programs and others of which are new initiatives.” During meetings over a six-month period ending in 2005, the committee confirmed the college’s mission, and refined its values and vision statement. After extensive background research and much spirited discussion, the committee agreed upon a set of 11 strategic priorities for the college. The committee agreed to renew four priorities from the previous plan and also identified seven new priorities. During a subsequent six-month period, objectives and strategies were determined for each of the priorities. Implementation of the plan is underway. Each of the priorities has a task force to expedite progress with regards to implementation of strategies and, in turn, achievement of primary objectives by the 2010-11 academic year or sooner. Walker acknowledges that having 11 strategic priorities is unusual and challenging but, at least for the College of Business, necessary and exciting as well. “Groups of stakeholders made vigorous and compelling cases for each of the priorities. Ultimately, it was agreed that our college would be best served through a very ambitious agenda built around the 11 priorities,” Walker observes. The following sections describe each of the priorities and provide examples of related activities. Renewed Priorities: • Academic Research • Collaboration • Crosby MBA Program •Information Technology Increase publications by faculty and PhD students in highquality, peer-reviewed journals. “Faculty members who engage in cutting-edge research add to the body of knowledge related to a specific subject. In addition, I believe their research adds to their effectiveness in the classroom by keeping them up-to-date on key issues and trends in their field,” Ferris says. “Through their research, they contribute to what is being taught in classrooms and what is being written in textbooks around the world.” Fundamentally, research is integral to the mission of a major university such as MU. A major trend in recent years, at least in the MU College of Business, is that more and more research is focused on topics that are very relevant to business practices or public policy. The research activities of the college’s faculty improve the quality of education the college provides to its students and often has a positive impact in the business community. In addition, an active research agenda helps the college attract and retain top-caliber faculty members and doctoral students who are interested in examining and answering interesting, significant questions in their disciplines. MizzouBusiness ■ 2006 Crosby MBA Program Enhance the quality and, as a result, the national reputation of the Crosby MBA Program. According to recent graduates, some of the strengths of the college’s Crosby MBA program are a rigorous and innovative curriculum, including the team-building consulting classes, and numerous networking annual programs, such as the Vaughan opportunities. In that vein, during the past Collaboration Executive-in-Residence Program, Scott year, 33 MBA teams were involved in conBuild the college’s collaborative CEO Forum, Schram Lecture in Inter- sulting projects with varied organizations activities with alumni, national Business, Dean’s Distinguished such as Suzuki of Columbia, IconoPsych Lecture, and Professors-for-a-Day. The LLC, and the Missouri Film Commission businesses, and other academic wisdom, guidance, exposure, and inspira- (see page 18). colleagues to enhance tion that the speakers bring to the students instruction, research, and The college is pleased and very proud that are exceedingly valuable. student placement. the Crosby MBA Program has steadily inCollaboration also occurs in other ways creased in national rankings over the past The college’s Speakers Series gives students within the college. For example, students five years, moving up from #81 in 2003 multiple opportunities to meet role modfrom different disciplines team up to work to #59 in the 2007 rankings compiled by els, potential mentors, and – in some cases on course projects, faculty contribute to U.S. News & World Report. (See page 18.) – future employers. In addition, visiting multidisciplinary programs and projects executives, entrepreneurs, and scholars alacross campus, and MBA classes carry out The MBA program was the college’s top low students and faculty members to learn consulting projects to help businesses solve priority in its prior plan and is one of the about trends, issues, and practices in the renewed priorities in the new plan. To susproblems and seize opportunities. business world. tain quality and hopefully enhance qualThe college has made tremendous strides ity in the program, a curriculum review is Jimmy Bereolos, a finance major, says that in the area of collaboration. The task force underway. The new curriculum is likely to his participation in an Executive Luncheon believes the college, especially the edu- emphasize interdisciplinary problem-solvhelped him secure a place in a competitive cational experience for students, will be ing approaches, more elective courses, and summer internship program. Bereolos sat strengthened by renewing this priority an enhanced professional development by Jean Baird, a VP of operations at State and staying focused on collaboration. component. Farm Insurance Companies. She told him about her career, her employer’s great work culture and the potential for advancement, and even about the hobbies they shared, like running. In summer 2006, Bereolos interned at State Farm in fire underwrit- As part of her coning, which included opportunities to learn sulting class, Anna Trefz, Crosby MBA about other positions in the company. student, presJohn Schram (BS BA ’58) hosted an Executive Luncheon, an initiative that adds to the professional development of students through informal interaction with successful business people. The number of speakers and Executive Luncheons grows each year. Last year, the college hosted more than 130 speakers. Many of them are invited as a part of established 10 MizzouBusiness ■ 2006 ents some of her team’s findings to the client, while Pi-Hao “Howard” Hsiao and the others on the team await their turn. Information Technology Increase the incorporation of information technology in the college’s curricula, so that graduates, faculty members, and staff members are known for their IT expertise. Amy Rold (BS BA ’00, MBA ’03) says her IT learning experiences in the Crosby MBA Program gave her a head start in a successful career. “The management information systems emphasis is what helped me get a position with Deloitte in IT Audit. I was able to start working with a general base of IT knowledge and learned the auditing concepts quickly,” Rold says. A recipient of a “30 under 30” award from the St. Louis Business Journal, Rold recently left Deloitte to become an internal audit manager at Express Scripts Inc. This spring, Vairam Arunachalam, PricewaterhouseCoopers/Joseph A. Silvoso Professor of Accountancy, received an Excellence in Teaching with Technology Award from MU. With the help of several grants and collaborations with software companies, Arunachalam has taught his students a number of applications relevant to the field of accounting, ranging from enterprise resource planning to data mining. In a specific example of IT in the classroom, Doug Moesel, associate professor of management, developed a course with Cerner Corporation and a professor from Kansas State University that uses videoconferencing technology. This fall, undergraduate students from MU and Kansas State University have weekly class sessions with Cerner’s training managers and consultants, using both direct videoconferencing and Live Meeting software. At the end of the semester, student teams will make presentations to Cerner’s management describing their IT solutions to problems that hospitals face in delivering health care efficiently and effectively to their patients. “Videoconferencing enables students to benefit from the expertise of real consultants and get access to feedback on their day-to-day experiences with clients in hospitals and clinics around the world,” Moesel says. “Technologies like this give our students exposure to a wider range of expertise and access to more executives.” New Priorities: • Accountancy • Diversity • Doctoral Programs •Entrepreneurship •Economic Development • Financial Services • Professional Development • Quality Learning In a management course, videoconferencing technology is used to connect MU students to Cerner executives who provide instruction during the class. Accountancy Improve the national reputation of the School of Accountancy. Established in the late 1970s as the first school of accountancy at a major university, MU’s School of Accountancy remains a leader nationally and aspires to greater prominence. The graduate accountancy program is ranked 14th nationally according to the Public Accounting Report’s annual survey of accounting professors. In the past five years, MU graduates have received both the highest and the third highest scores in the nation on the CPA exam out of 50,000 test takers. In 2003, MU students led the nation with regards to first-time pass rate on the CPA exam. This evidence of quality explains why MU accountancy graduates are highly sought by the best firms in the nation, with nearly 100 percent placed in jobs by graduation. “I expect we could place most of them two or three times each,” proclaims Tom Howard, Joseph A. Silvoso Director MizzouBusiness ■ 2006 11 Diversity Enhance diversity in the composition of the college’s students, faculty, and staff, and in the college’s educational programming. Rickey Lee attended an etiquette dinner given by the Black Business Student Association. of the School of Accountancy. Howard says that graduates are actively recruited by the “Big Four” CPA firms and some students take positions with local and regional firms. Mark Gingrich (BS BA ’06, M Acc ’06), who is attending law school at the University of Iowa, says he had two elite internships with BDO Seidman LLP – an audit internship in London, and a tax internship in New York City. “Most of my friends had internships, and all who wanted positions had offers by December of their final year,” Gingrich says. “Being designated as a strategic priority of the college is a validation of what we have been doing for many years and certainly is a motivation to do even better in the future,” Howard says. The school’s objectives focus on continuing excellence in faculty teaching and research, placement of graduates, student performance on professional examinations, and controlled expansion of the master’s program. 12 MizzouBusiness ■ 2006 The college believes that a diverse student body, faculty, and staff are essential to the complete education of business students. As with many other priorities, the accomplishment of diversity objectives is interwoven with objectives related to other priorities. For example, when alumnus Daryl Smith, who is the senior vice president of human resources at ESPN Inc., met with three business students at an Executive Luncheon last fall, the college was making strides with both its diversity and collaboration priorities. efforts to create a more diverse atmosphere. Guest speakers who are minorities definitely influence our students’ lives and perspectives,” says Sue Yun, coordinator of student diversity programs. “I think the college will continue to strengthen its efforts with diversity, and I intend to provide leadership in that regard.” Doctoral Programs Strengthen the quality of the college’s two doctoral programs. Recent graduates of the college’s doctoral programs in accountancy and business administration give highly positive reviews of the doctoral faculty. They identify their working relationships and research collaborations with MU faculty mentors as a benefit to their career development and “The luncheons are a great forum for dis- an advantage over their colleagues at other cussion and interaction with the students,” universities. says Smith. “But even more than that, I’m happy to be involved because I think it is Dana Haggard (PhD ’06), who served on important as a person of color that I share the college’s strategic planning committee, thinks her doctoral program prepared her a message of success with students.” well for her position as assistant professor The Speakers Series also provides business of management at the University of Southstudents an opportunity to hear from mi- ern Mississippi, which she began this fall. nority business leaders such as Michael She especially appreciated the encourageRoberts, who founded The Roberts Com- ment she received from the college’s facpanies. The St. Louis-based firm has wide- ulty members in starting her own research ranging ownership interests, including and the advice they provided on teaching telecommunications, real estate, consult- issues. ing, aviation, and television. The “interaction effects” across the priOther diversity-focused programs include orities is clearly evident in relation to the the Vasey Academy, a program that helps college’s PhD programs. These doctoral minority students learn about careers in programs are directly related to the pribusiness, and student-organized activi- orities of academic research and quality ties, such as the Diversity Conference. “I learning. In addition, with their highlyam strongly encouraged by the college’s qualified and energetic students, the doc- A team from an entrepreneurship class made it to the “Final Four” in the Big 12 New Venture Championship; from left, Maria Ines MiroQuesada, Paul Pattison, Chris Bradshaw, and John Pelikan (read more on page 22). toral programs are crucial in helping the college attract and keep faculty members who are not only effective instructors but also productive researchers. Entrepreneurship and Economic Development Establish an entrepreneurship initiative to stimulate instruction, research, and collaborative activities within and beyond campus and thereby advance economic development. Mike Hutchison, a senior, says his urge to innovate and lead is a part of his personality – he says he’s always just been that way. At age 16, he started a power-washing business in his hometown of St. Charles that has doubled in size every year. Hutchison is a member of inaugural class of students in the Flegel-Source Interlink Academy for Aspiring Entrepreneurs in the MU College of Business. Pilot-tested in spring 2006 and launched this fall, the academy prepares students to embark on entrepreneurial ventures armed with both skills and confidence. The academy is underwritten by a gift from Leslie Flegel (BA ’59) and his wife, Elynor. shown me a completely different area of the business world than most business schools present,” he says. The college believes entrepreneurship and new-enterprise creation drive economic development. Its objectives in this area range from expanding course offerings and providing related professional development activities to offering vital assistance in commercializing the university’s scientific discoveries. Financial Services Enhance education and augment collaborative efforts with professionals in the areas of financial services, including real estate, risk management, banking, and investment management. Last fall, 45 undergraduate, MBA, and PhD students in the College of Business took a very memorable field trip to Omaha, Nebraska. During a 90-minute session in late morning as well as at lunch, students had the opportunity to pose investing questions and receive direct, and sometimes humorous, answers from legendary investor Warren Buffett. As part of the trip, the students also had the chance to tour the Nebraska Furniture Mart and Borsheim’s, two retail enterprises owned by Berkshire Hathaway, the company headed by Buffett. The trip was arranged by Harvey Eisen (BS BA ’64), who has known Buffett for 20 years. In 1997, Eisen agreed to provide the funding for a stand-alone course, Investment Strategies of Warren Buffett, and most of the students on the field trip were taking or had completed this course. During the Q&A session, Buffett talked to students about several of his investing guidelines, including the importance of thinking of stocks as “part of a business” rather than “things that wiggle around or split two for one” and of letting the market “serve, not instruct you.” Jake Halliday, adjunct assistant professor of management and CEO of the Missouri Innovation Center, teaches an MBA course in entrepreneurship in which students divide into teams and develop business plans to launch high-growth companies. One of the teams in Halliday’s course last spring made it to the “Final Four” of the first Big 12 New Venture Championship in Dallas. (Read more about this entry, PictureCloud, and other competitions in which business students have been involved on page 22). MBA student John Pelikan, who was on the PictureCloud team, says the college’s commitment to entrepreneurship sets it apart. “It has given me a tremendous amount of practical knowledge and Warren Buffett (center) gathered with MU students, faculty, and alumni after meeting with them in Omaha, Neb., where he discussed various aspects of investing. MizzouBusiness ■ 2006 13 Thanks to the generosity of donors, the College of Business has been rapidly expanding its educational activities in the financial services arena. For example, the Jeffrey E. Smith Institute of Real Estate was established by alumnus Jeffrey E. Smith (BS BA ’72). Read about the institute on page 2. Other companies and donors have also funded real estate and financial services initiatives. With the help of some of the firm’s partners, Colliers Turley Martin Tucker (CTMT), a commercial real estate firm, established the CTMT Scholar position. David West, professor of finance, is the college’s first CTMT Scholar. A gift from Duncan Matteson (BS BA ’56) and his wife, Shirley (Arts ’55), created a named position, the Matteson Professor of Financial Services, and the Matteson Financial Services Excellence Fund. classes but also participate actively in the college’s educational activities. Likewise, this effort includes assuring that all of the college’s instructors, including doctoral students and part-time faculty members, are well prepared for their teaching responsibilities. Danielle Touchon read the book, The World is Flat, as part of the Cornell Leadership Program course. A class discussion followed, led by Bill Little (BS BA ’64), president of Quam-Nichols Co. Of course, the college’s curricula and other educational programs are integral to quality learning. In that regard, teaching methods and class sizes are varied to meet the needs of different groups of students, stretching from freshmen to PhD students. In addition, new programs are designed to serve selected students. A prime example is the new Cornell Leadership Program, which is intended to attract the “best and brightest” students to the College of Business and to provide them with distinctive, challenging, and stimulating learning experiences. (See page 4 for more details.) Professional Development Quality Learning A Winning Score Enhance the breadth and depth of professional development experiences of undergraduate business students. Enhance the quality of learning throughout the College of Business. Just like well-managed businesses and the MU football Tigers, the College of Business aspires to achieve results at a high national level. In order to advance the Strategic Plan, the college has created a Strategic Priorities Fund and a new donor recognition plan to generate private support for the 11 priorities (see page 6). According to Walker, “I’m confident that our new game plan will allow us to build and sustain productivity and excellence in the college’s educational activities. If we do that, we will deserve and – I think – will earn a reputation as one of America’s ‘Top 20’ public business schools.” Melody Marcks (BS BA ’83), VP and director of human resources and training for Boone County National Bank in Columbia, served on the planning committee. “Working in human resources, I understand the value of students’ not only acquiring knowledge through their coursework, but also a large measure of professionalism through extracurricular activities,” Marcks says. “The combination makes graduates more attractive to prospective employers.” This fall, to better prepare its students, the college launched a broader, more formal Professional Development Program for undergraduate business students. Beginning in their freshman year, students will be placed in situations that help them shape their personal values and develop the professional skills that are needed to be successful in the business world. According to the college’s plan, and subject to faculty approval, the Professional Development Program will become a graduation requirement for all undergraduate business students. 14 MizzouBusiness ■ 2005 2006 MU’s business school has always emphasized effective – in fact, excellent – teaching because it is essential to quality learning. Faculty members in the college have earned 20 university-wide or state-level teaching and advising awards since 2000. “Excellent teaching and, more broadly, quality learning are at the core of what we do,” says Dean Bruce Walker. Quality learning requires a broad-based effort that extends to developing a mindset in students to not only be prepared for their “Whether through leadership training, case competitions, job-shadow opportunities, mentoring, or other professional development activities, we want of our students to be ready to contribute immediately when they start their first post-graduation job.” Mary Beth Marrs, assistant dean The Herbert J. Davenport Society New members and Dean Walker at the annual banquet: seated (from left) are Linda Maloney, Betty Bluedorn, Joanne Cable, Phyllis Bascomb, Patricia Shelton, Carol Bender, Jackie Gingrich, Penny Walli, Shuba Ratneshwar, and Mitzi Foster. Standing (from left) are Betsey Kimes, Brian Kimes, Joe Maloney, Allen Bluedorn, Gene Cable, Stuart Bascomb, Terry Shelton, Rick Bender, Andrew Gingrich, Bruce Walker, Steve Walli, Ratti Ratneshwar, Mark Foster, Will Markel, and Amy Markel. Davenport Society Celebrates New Members “The Davenport Society celebration offered an enjoyable opportunity to meet alumni and other supporters of Mizzou’s business school. It was also inspiring to speak with current students. They are the primary reason why my wife, Phyllis, and I stay involved with Mizzou.” Stuart Bascomb (M Acc ’65), a new member who is chairman of Amerisight, Inc. and serves on the college’s Strategic Development Board T The Herbert J. Davenport Society welcomed 21 new members and honored current members’ recent donations to the College of Business at its 2005 annual banquet. Held on Homecoming weekend, the event provided the college’s alumni with a special opportunity to return to Mizzou and meet with leaders, students, faculty members, and fellow alumni. Dean Bruce Walker opened the banquet with an enthusiastic report on College of Business successes during the past year. He also expressed the college’s commitment to the state’s and the university’s initiatives related to economic development and entrepreneurship. Bill Linnenbringer (BS Acc ’70), the 2005 chair of the Davenport Society, praised all of the couples and individuals who have contributed to the success of the college by making donations in support of faculty, students, programs, and also Cornell Hall. He then brought the audience to their feet by announcing that the College of Business had raised $54 million, exceeding its goal of $40 million, during the first five years of the For All We Call Mizzou campaign. Missouri governor Matt Blunt was the keynote speaker. He summarized various economic development programs in the state and explained how research activities at universities contribute to the prosperity of the state. Blunt said that MU, as Missouri’s flagship university, plays an essential role in shaping Missouri’s social, economic, and cultural future. Tom O’Neal, the college’s executive director of advancement, recognized advancing members of the Society. He also explained that each of the 21 new members had qualified for the Society by making a gift or pledge of at least $25,000 in support of the college. New members were introduced to the banquet audience by College of Business students while Dean Walker and MU Chancellor Brady Deaton presented them with Davenport Society medallions. The celebration concluded with the energetic music of Marching Mizzou, led into the banquet room by the Homecoming grand marshal and legendary basketball coach Norm Stewart. The event ended with cheers for Coach Stewart, Marching Mizzou, and the prospect of a victory over Iowa State in the Homecoming football game (which was accomplished). MizzouBusiness ■ 2006 15 The Herbert J. Davenport Society Advancing Members Distinguished Patron Level Roger and Sandra Vasey Patron Level Kenneth and Carolyn Brown Harvey Eisen and Andrea Herron William and Christine Linnenbringer Benefactor Level Leslie and Elynor Flegel C. Ray and Cheryl Holman David and Jane West Sponsor Level William Franklin Thomas and Camille Frogge Timothy and Sally Snavely New Members Stuart and Phyllis Bascomb Stuart Bascomb (M Acc ’65) is chairman of Amerisight, Inc., one of the nation’s first ophthalmologic surgery benefits management companies. He was also one of the founders of Express Scripts and retired as executive vice president and director. Phyllis Bascomb received her bachelor’s degree in history in 1964 from MU. The Bascombs reside in St. Louis. See profile on page 26. Rick and Carol Bender Rick Bender (BS BA ’73) retired in 2002 as senior vice president of operations and administration for Spectrum Brands Corporation. He is currently a member of the college’s Management Advisory Board. Carol Bender serves on the board of directors of 100 Neediest Cases, an agency of the United Way of Greater St. Louis. The Benders reside in Manchester, Mo. Allen and Betty Bluedorn Allen Bluedorn is the Emma S. Hibbs Distinguished Professor of Management and chair of the Department of Management at the MU College of Business. Betty Bluedorn recently retired from the Missouri Department of Mental Health, where she worked for 20 years as a nursing supervisor with the Supported Community Living Program. Lowell “Gene” and Joanne Cable Gene Cable (BS BA ’49) founded Gene Cable Chevrolet in Independence, Mo. in 1956. Joanne Cable is a member of the Independence Junior Service League and has served on the boards of the University of Missouri-Kansas City Truman campus and the Music Arts Institute. The Cables live in Lee’s Summit, Mo. Mark and Mitzi Foster Mark Foster (BS ’70) received a law degree from Duke University in 1973 and is an attorney and managing partner at Stinson Morrison Hecker LLP in Kansas City. Mitzi Foster, a freelance artist, received a bachelor’s degree in education from the University of North CarolinaChapel Hill and has taught school in several states. The Fosters reside in Kansas City. Arthur and Josephine Friedman The Friedmans were inducted into the Society posthumously. Arthur (BS BA ’35) earned his MBA and PhD degrees from Northwestern University; served overseas in World War II, the Korean War, and Vietnam; and retired as a brigadier general. Josephine Friedman received her bachelor’s degree from Central Missouri State University and did postgraduate studies at MU. Their last place of residence was San Antonio. Andrew and Jacqueline Gingrich Andy Gingrich (BS Acc ’78) is the chief financial officer of MBS Textbook Exchange, Inc.. Jacky Gingrich (BS Acc ’78) works part-time with the profit-sharing plan of MBS Textbook Exchange, Inc. The Gingriches reside in Columbia. Dean Henderson Dean Henderson (BS BA ’70) had a successful career with KPMG and is now the founder and president of Henderson & Associates, CPA’s, P.A., a tax CPA practice. He is also president and owner of Blue Ridge Spring Water, Misty Mountain Development, and DRH Acquisition Company. Dean resides in Tampa. Brian and Elizabeth Kimes Brian Kimes (BS BA ’99) is director of acquisitions at Affordable Equity Partners, Inc., an affiliate of Jeffrey E. Smith Companies in Columbia. Betsey Kimes (B Ed ’99, M Ed ’00) is a teacher for the Columbia Public Schools. Thomas and Barbara Laco Tom Laco (BS BA ’51) retired in 1989 as vice chairman of the board of Procter & Gamble. Barbara Laco studied art at Connecticut College for Women at MU. She has volunteered for over 30 years as a teacher of nature subjects to grade-school children. The Lacos reside in Okatie, S.C. Bill Linnenbringer (BS Acc ‘70) led a toast to celebrate the college’s success in raising $54 million during the first stage of the For All We Call Mizzou campaign. 16 MizzouBusiness ■ 2006 Joe and Linda Maloney Joe Maloney (BS Acc ’83, M Acc ’84) is an audit partner at KPMG LLP in St. Louis and is actively involved in KPMG’s recruiting efforts at MU. Linda Maloney (BS Acc ’83) formerly worked in internal audit and currently enjoys being a homemaker and volunteering. The Maloneys reside in St. Louis. Woody and Donna Simmons Woody Simmons (BS BA ’89) is vice president of governmental affairs for Verizon in Tallahassee, Fla. Having previously served as chief of staff to the president of the Missouri senate, Donna Simmons is currently the Florida Private Industry chairman on the American Legislative Exchange Council. Will and Amy Markel Will Markel (BS BA ’97) is vice-president and COO of Affordable Equity Partners, Inc., an affiliate of Jeffrey E. Smith Companies in Columbia. Amy Markel (AB ’96, JD ’99) is an attorney and owner of Markel Law Offices LLC in Columbia. Christopher Vincent Christopher Vincent (BS BA ’78) is a principal and head of fixed income (investment management) at William Blair & Company LLC. He earned an MBA degree from Saint Louis University in 1984 and was awarded the Chartered Financial Analyst designation in 1990. He lives in Chicago. Richard Miller Richard Miller (AB ’70) has been president and CEO of Miller’s Professional Imaging since 1976. He was awarded the honorary degree of doctor of humane letters by MU in 2000 and currently serves as chair of the campaign steering committee for the College of Arts and Science. Richard and his wife, Nancy, reside in Pittsburg, Kan. Ratti and Shuba Ratneshwar Ratti Ratneshwar is the Bailey K. Howard World Book Chair of Marketing and chair of the Department of Marketing at the MU College of Business. Shuba Ratneshwar earned her bachelor’s degree from Delhi University and is involved in numerous cultural activities organized by the local Indian-American community. Edward Vincent Ed Vincent (BS BA ’42) retired in 1985 as manager of the Quaker Oats Company’s Los Angeles Distribution Center. Ed moved back to his hometown of St. Joseph, Missouri in 1990. Steven and Penny Walli Steve Walli (BS BA ’82) is the president and CEO of UnitedHealthcare of the Midwest. Penny Walli volunteers with the Parent Teachers Organization and is secretary of the New Neighbors League. The Wallis reside in Chesterfield, Mo. Governor Matt Blunt, shown with Dean Bruce Walker, gave the keynote address. Craig and Meta Wendt Craig Wendt (BS Acc ’92) and Meta Wendt (BS Acc ’93) are both partners at PricewaterhouseCoopers in Los Angeles. The Wendts reside in Pasadena, Calif. Felix Wright Felix Wright is the chairman and former CEO of Leggett & Platt, Inc. in Carthage, Mo. He earned his bachelor’s degree from East Texas State University. Felix resides in Carthage. Society Names Chair for 2006 Terry and Patricia Shelton Terry Shelton (BS BA ’73) earned an MBA degree from the Harvard Business School. Now retired, he served as vice president of business development for both Aventis Pharmaceuticals and Pharmion Corporation. Patricia Shelton, also retired, earned her bachelor’s degree from Friends University and was director of human resources for Transportation.com. The Sheltons reside in Independence, Mo. Jeff Smith (BS BA ’72) Jeff Smith, president and founder of Jeffrey E. Smith Companies (JES), is a member of both the college’s Strategic Development Board and the steering committee for MU’s For All We Call Mizzou campaign. Generous financial support from Smith enabled the college to establish the Jeffrey E. Smith Institute of Real Estate in January 2006 (see page 2). Smith has more than 30 years of experience in the real estate industry. Founded in the early 1980s, JES has developed more than 4,000 multi-family and senior properties with investments in another 10,000 housing units. MizzouBusiness ■ 2006 17 Crosby MBA Program Updates Education through Consulting S ome important business skills cannot be learned by reading a book or listening to a lecture. Accepting that axiom, the Crosby MBA Program gives students the opportunity to apply practical knowledge in a way that requires creative thinking. MBA Program Rises in the Rankings The College of Business has a vision of being a top 20 public business school. For that to happen, the reputation of the Crosby MBA Program must continue to improve on a national basis. In U.S. News & World Report‘s 2007 rankings of MBA programs, the Crosby MBA Program moved up to #59. This position keeps the program in the top quintile of MBA programs nationally among the 399 master’s programs in business accredited by AACSB (Association to Advance Collegiate Schools of Business). Over the past five years, the program has moved up from #81 to its current stature of #59. Schools ranked among the top 80 programs may promote themselves as being among “America’s Best Graduate Schools.” “This ranking places the Crosby MBA Program within a group of highly respected institutions,” says Michael Christy, director of the Crosby MBA Program. “Hopefully this very favorable trend will attract more interest from prospective applicants and recruiting companies.” According to Christy, the Crosby MBA Program has been rising in the rankings as a result of higher student GMAT scores, now at a median of 625, and the improving recruiter assessment score that is indicative of a high regard for Crosby MBA graduates among corporate recruiters. 18 MizzouBusiness ■ 2006 In a consulting project course, teams of students analyze situations associated with a client organization. The classroom lessons in the course go hand-in-hand with corporate collaboration. Teams work on consulting projects throughout the semester and manage meetings with their clients and a faculty coordinator. A second course entailing a team case project is also required in the MBA program. These courses are integral to the curriculum, stressing hands-on learning and collaboration with companies and other organizations. During the past year, 33 teams were involved in designing assessments, doing research, and creating marketing strategies for various organizations. MBA students worked with a wide range of organizations from Columbia and elsewhere in Missouri. A sampling of projects include: The owner of Suzuki of Columbia, a recently opened car dealership, sought help in developing a marketing project. Students assisted by identifying the dealership’s target market, customer demographics, and potential media outlets to promote its products. A start-up, IconoPsych LLC will provide a secure Internet network for psychiatrists and counselors to meet with patients via webcams, a practice sometimes referred to as “telepsychiatry.” MBA students helped the company, started by the chief psychiatry resident for the University of Missouri Hospital and Clinics, establish the basis of such a network for University Hospitals. Several teams joined a task force of community members to examine why the Columbia Regional Airport has experienced declining usage in the past decade and what resources are available for its revitalization. Titan Consulting provides outsourced information technology services to businesses around mid-Missouri. The MBA team helped to identify which IT services mid-Missourians need most and to create more focused marketing materials for Titan. An MBA team assisted the Missouri Film Commission in pinpointing potential decision makers in the film, television, video, and cable industry; determining how best to reach them; and discovering how to sell Missouri as a viable location for their projects. Russelville Bank, located in Russelville, Mo., just south of Jefferson City, expected competition that could disrupt its stable business. Team members collaborated with the bank’s management to outline the most important strategies banks use to compete in the financial-services industry and recommended how the bank could employ these methods. For more information about potential MBA consulting projects, please contact Gregg Martin, adjunct assistant professor of management, at 573-884-5257 or email [email protected] or call the Crosby MBA office at 573-882-2750. Student News Preparing Future Business Leaders Beyond the Classroom P rofessional development opportunities for students continue to grow through a number of organizations and extracurricular opportunities offered in the college. During the past year, students learned from alumni speakers, participated in conferences aimed at building real-world knowledge or skills, and served the community through projects. During 2005-06, the number of student organizations increased. At the same time, the types of programs offered by these groups expanded to cover a wider range of topics: Texas for its Corporate Trip in 2005. The group discussed with Frito-Lay employees the activities of the corporation and potential employment opportunities for MU students. Along with the chance to network, the students on the trip also received career-planning and interviewing tips. conference in Austin, Texas, and hosted speakers from companies such as Famous Barr, Deloitte, and Monsanto. Delta Sigma Pi also placed second in its first year of participation in Mizzou’s Homecoming Week and won the annual “Pigskin Classic,” a flag football game against rival business fraternity Alpha Kappa Psi. The Black Business Students Association and the College of Business Student Council sponsored a Diversity Conference at the Reynolds Alumni Center. The one-day conference consisted of The Marketing Forum members benefited this year from many marketing professionals who shared their experiences and advice at the group’s meetings. Speakers came from a variety of companies, including Target, The Richards Group, E. & J. Gallo, and Pfizer. Alpha Kappa Psi, an MU business fraternity, competThe National Association of ed against other business Black Accountants (NABA) student organizations in a completed the year with its anvariety of activities, such nual spring membership drive. as a Knowledge Bowl and The NABA welcomed Byron Mini-Golf Tournament Marshal, general manager of during Business Week. AKJones Lang LaSalle in St. LouPsi was awarded the most is, as the keynote speaker at its points of any college orgaluncheon. Marshall spoke about nization leading to their public accounting and altereighth consecutive win of native careers to the group of the annual competition. NABA students. The fraternity also took The 2005 Excellence through Leadership Conference brought together Five members of Rho Epsilon, first place in the campus or- 120 student leaders to develop leadership skills, listen to motivational the professional real estate fraganizations’ Homecoming speakers, and interact with corporate sponsors. Boeing served as the corporate facilitator of the event. The company provided keynote speaker ternity, received awards and division and received the Sam Jenkins, vice president of ethics for Boeing Integrated Defense Systems, scholarships for their academic Pinnacle Award from Alpha and the facilitator for the Leadership Conference, Robert Portney (pictured achievements. Joe Neely reKappa Psi National. AK- above), ethics advisor for Boeing. ceived the SIOR Scholarship Psi also sponsored a Faculty from the St. Louis Chapter of the SoMentorship Award, hosted guest speakers icebreakers; a visit from representatives ciety of Industrial and Office Realtors, from Cintas and Hallmark, and gave its of the May Company, one of the BBSA’s Kate Moore earned the Eicon Properties members an opportunity to mingle with corporate sponsors; and numerous opScholarship, Beth Lawrence was honexecutives as part of a Mini-Corporation portunities to discuss diversity within the ored by the CoreNet Global Corporate Night. Members of Alpha Kappa Psi also realm of business. Real Estate Network-St. Louis Chapter, did extensive fundraising, collecting more Erin Smith received the MU Outstandthan $13,000 in about 2,900 hours of Delta Sigma Pi, an MU business fratering Student Award from the Kansas City selling concessions at MU football, MU nity, co-sponsored a professional developChapter of Financial Executives Instibasketball, high school basketball, and St. ment day with Business Career Services, tute, and Beth Lawrence earned the EarLouis Cardinal games. sent fraternity members to the Grand le G. and Ottoline N. Spragg Memorial Chapter Congress in Orlando, Fla. and The Black Business Student AssociaScholarship. the annual Provincial LEAD (Leadership tion (BBSA) visited Frito-Lay in Dallas, and Excellence Academies for Delta Sigs) MizzouBusiness ■ 2006 19 Student News Sharing Successes Among Student Councils The College of Business Student Council exhibited leadership by hosting the first annual Big 12 Student Council Conference in September 2005. Representatives from most of the conference’s business schools convened in Cornell Hall to discuss fundraising, student orientation, professional development, and other important council activities. The conference organizers thought the meeting produced the desired results, namely meeting student leaders from other schools and sharing information about “best practices” for Student Council activities. “Even though there is a healthy degree of competition among our universities, this conference provided an opportunity to cooperate. By sharing experiences and ideas, we can help strengthen our councils and the quality of business students throughout the Big 12,” says Greg Westrich (BS BA ’05), former College of Business Student Council president. Plans are underway for the next conference, which will be held at the University of Kansas. LaToya Bond, Christelle N’Garsanet, and Brad Smith Business Student-Athletes Go Pro A fter having performed well in both academics and athletics, three College of Business students will pursue professional sport careers. Brad Smith (BS BA ’05), arguably the greatest quarterback in Missouri history, was drafted by the New York Jets in the 2006 National Football League draft. Although most Mizzou students and fans recognized Smith as a talented athlete, many of his classmates and professors also knew him for his serious attitude toward his studies. The quarterback was part of a team of four business students who won the Chancellor’s Award for Excellence in Undergraduate Research and Creative Achievements in 2005. Smith also earned the Big 12 Conference Scholar-Athlete Medal, an award that honors a male or female athlete in his/her final year of eligibility for achievements in athletics and academics. LaToya Bond, a management student, was selected in the second round of the Women’s National Basketball Association (WNBA) draft by the Charlotte Sting. Bond was named the Most Valuable Tiger for MU women’s basketball team for 2005-06. Bond’s teammate and fellow College of Business student, Christelle N’Garsanet, was chosen in the third round of the WNBA draft by the New York Liberty. An accounting major with an internship offer from a Big Four accounting MU College of Business Student Council members take their guests, representatives from other Big 12 schools, on a tour of Cornell Hall. 20 MizzouBusiness ■ 2006 firm, N’Garsanet also earned a 2005 Total Person Program Academic Achievement Award. From the College to the Community Mike Christy, director of the Crosby MBA Program, plants a wet one on the pig while Al Bluedorn, professor of management, and Loren Nikolai, professor of accountancy, wait their turns. C Shannon Breske of the Undergraduate Programs Office lets a pie fly at Jim Sharrock. ollege of Business students serve the campus and the broader community well — and have some fun while doing it: The MBA Association’s 2005 Relay for Life team raised $6,000, more than any other team on the MU campus. The funds raised benefit the American Cancer Society. This achievement earned the team Silver Level recognition nationally. The Delta Sigma Pi business fraternity continued to participate in community service projects such as Adopt-a-Highway, Supportive Tigers Riding in Pursuit of Ensuring Safety (STRIPES), Habitat for Humanity, Tiger Night of Fun, and Adopt-a-Family. A college-wide service event brought business students to the Central Missouri Food Bank. The participating students packed 326 boxes of food in two hours. Marketing Forum, the student chapter of the American Marketing Association, participated in promotional projects aimed at building awareness of several nonprofit organizations. They also assisted in boosting attendance at MU volleyball matches and gymnastic meets, collecting food for the Central Missouri Food Bank, and promoting Black Business Student Association events. Faculty and staff members also lent a hand, or face or lips, to help raise money for two great causes. Jim Sharrock, director of undergraduate advising, and finance professor John Stansfield allowed themselves to get “pied in the face” to benefit victims of Hurricane Katrina. The event, sponsored by the Business Ambassadors, raised $580 from faculty members, staff, and students who paid for a chance to hit Sharrock or Stansfield with a creamy confection. Representatives from the college’s student organizations packed more than 320 boxes of food during a collegewide service event at the Central Missouri Food Bank. Three members of the college’s faculty and staff puckered up to kiss a pig to benefit the Central Missouri Food Bank. Everyone in the college is invited to vote with donations to select which faculty and staff members will have to smooch the pig. This year, a tie resulted in three “winners:” Allen Bluedorn, Emma S. Hibbs Distinguished Professor and Department of Management chair; Mike Christy, director of the Crosby MBA Program; and Loren Nikolai, Ernst & Young Distinguished Professor and director of the 150hour accountancy program. All “won” the kiss and gave the pig a peck on the snout. The event raised nearly $3,000 for the Central Missouri Food Bank. MizzouBusiness ■ 2006 21 Student News Students Excel in Competition C ollege of Business students tested – as well as proved and improved – themselves through various competitions during the 2005–06 academic year. Members of MU’s Phi Beta Lambda (PBL) chapter excelled in the Missouri PBL State Conference in Jefferson City. The 10 participating students had nine top-five finishes. First-place finishes were earned by senior Keith Strack in Financial Concepts and freshman Katie Nibarger in Business Plan and Multimedia Presentation. Four students attended and competed in the national conference in Nashville, Tenn. Strack, who graduated in May, brought home the prestigious award of first place in the nation in the Financial Concepts competition. He topped the best two contestants from every state to win this award and the $300 prize. Strack’s victory in the national competition is a first for MU’s PBL chapter in the Finance Concepts competition. PBL is the college division of Future Business Leaders of America, a national organization that encourages active preparation for careers in business. A team of four MU students made it to the “Final Four” of the first Big 12 New Venture Championship in Dallas. The competition simulates the process of entrepreneurs soliciting start-up funds from investors, with the winning team being eligible for $100,000 in prizes. The MU team included MBA students Chris Bradshaw and John Pelikan; Maria Ines Miro-Quesada, a master’s student in journalism; and Paul Pattison, a master’s engineering graduate. The team presented its entry, Picture Cloud LLC, a new enterprise created by Pattison that provides an easy-to-use service for creating enhanced 360-degree images via the Internet. Teams of students demonstrated their entrepreneurial spirit in the First Annual MU Venture Competition. Students in graduate, undergraduate, and Freshman Interest Group (FIG) divisions entered their original venture ideas. Prizes for the winning team included lunch with the judges as well as cash. With a goal of stimulating entrepreneurial thinking and activities at MU, the competition was managed by faculty members Alan Skouby and Greg Bier, the co-directors of the FlegelSource Interlink Companies Academy for Aspiring Entrepreneurs in the College of Business. Seeking to capture a $5,000 top prize, students participating in the Show Me Business Plan Competition presented their business models to investors. Three teams of four MBA students competed in the inaugural competition this year, which was held in conjunc- tion with a business-planning course taught by Jake Halliday, president and CEO of the Missouri Innovation Center. Isodys LLC, a biomedical venture, was the winning entry from a team that included Scott Meier, Anna Trefz, Joseph Muelleman, and Jennifer Ward. The group was recognized at the University of Missouri Technology Showcase the evening after the competition concluded. An MU team competing in the fourth annual Deloitte Tax Case Study Regional Competition was one of eight teams to be recognized with an honorable mention in the graduate division. Fifty-four teams representing 40 colleges and universities competed in the national competition for undergraduates and graduate tax students. PricewaterhouseCoopers (PwC) also sponsors a case competition at selected campuses around the country. Representatives from PwC come to campus and give the case to the teams who then have approximately two weeks to prepare their report. Among the 10 teams that competed this year, the team of Ryan Bosworth, Mike Degen, Marie Findley, Debra Keim, and Jennifer McDonald won the campus-level event. Their presentation was taped and sent to compete nationally in New York. Bosworth and Degen are both now employed by PwC. Reaching Across Borders Some of the work of College of Business students extends beyond the college, campus, and even the United States. During her last year at MU, Jordan Smith (BS BA ’06) began MUnity, an organization dedicated to sending children in Africa to primary school. The impetus for the organization came when Smith learned that for only $16, a child in Africa can attend school for an entire year. The organization raised $10,000 during the 2005–06 academic year, enough money to send 100 students through all six years of primary school. MUnity has used creative methods to collect funds, including trick-or-treating for donations and holding a benefit wine-tasting in downtown Columbia. Thanks to Smith and other MUnity supporters, the organization is now an official student organization at MU and will continue to raise awareness and funds for primary education in Africa. 22 MizzouBusiness ■ 2006 Faculty News Evans Accepts Deanship at Oklahoma After 15½ years at the MU College of Business, Ken Evans, associate dean for graduate programs and research and the Pinkney C. Walker Professor of Teaching Excellence, will leave MU soon to become dean of the Price College of Business at the University of Oklahoma. His appointment at OU is effective at the beginning of 2007. “Leaving MU is bittersweet for me,” Evans says. “I have a high regard for my colleagues, have thoroughly enjoyed working with our students, and have many wonderful memories from my time at Mizzou.” Evans has made significant contributions to the college and to MU, both as a faculty member and as an administrator. He is an award-winning teacher, a mentor to many PhD students, and a widely published researcher. In addition to his current position, he previously served as chair of the Department of Marketing, associate dean for undergraduate programs, and doctoral coordinator for marketing – sometimes in tandem. Evans has also been active on campus in international initiatives, graduate programs, and in the marketing profession, notably as editor of a journal. New Faculty Appointments for 2005–06 and 2006–07 John Bennett, adjunct assistant professor of marketing Greg Bier, adjunct assistant professor of management Sandra Crews, adjunct assistant professor of management Michael Dorigan, adjunct assistant professor of finance “Considering that Ken and I have worked together for 25 years, at Arizona State and MU, I will miss him greatly as a trusted and productive colleague,” says Dean Bruce Walker. “Nonetheless, I congratulate him on this wonderful professional opportunity and am proud that such an important deanship is being filled from the MU College of Business.” Dave Farber, assistant professor of accountancy Bluedorn Named Associate Dean Rick Johnson, Emma S. Hibbs/ Frederick A. Middlebush Chair of Entrepreneurship and professor of management Al Bluedorn will succeed Ken Evans as the college’s associate dean for graduate studies and research, effective January 1, 2007. Bluedorn has been a faculty member with the College of Business for nearly 26 years and has been chair of the Department of Management since 2003. He also holds, and will continue to hold, the Emma S. Hibbs Distinguished Professorship. Bluedorn’s has earned numerous teaching awards at MU, and his research has resulted in 40 journal articles, a number of which have been in the leading academic journals. He has substantial expertise in organizations and time. His scholarly book, The Human Organization of Time: Temporal Realities and Experience, was published by the Stanford University Press in 2002. An internal search to fill Bluedorn’s position as department chair has begun. Marrs to Move into New Role Mary Beth Marrs will be the first assistant dean for strategic initiatives, a position that will help to advance a number of the college’s top priorities, including business and academic collaborations, international initiatives, professional development initiatives for undergraduate students, and the college’s facilities. She was a member of the business faculty at Idaho State University prior to joining the college in 2000. She became the college’s assistant dean for undergraduate programs in July 2003. Grace Hao, assistant professor of finance Bill Moser, assistant professor of accountancy Andy Puckett, assistant professor of finance Karen Schnatterly, assistant professor of management Chris Tuggle, assistant professor of management Tim Waid, adjunct assistant professor of management May Zhang, assistant professor of accountancy Marrs has been involved with many student organizations and also the college’s Recent Alumni Advisory Board. She was chosen by the college’s students as Faculty Member of the Year on three different occasions, has received an Excellence in Education Award at the campus level, and was named Teacher of the Year by the Kansas City Business Alumni Chapter. Marrs will begin her new position when her successor is chosen following an internal search. MizzouBusiness ■ 2006 23 Faculty News Vairam Arunachalam, PricewaterhouseCoopers/Joseph A. Silvoso Distinguished Professor in Accountancy, spent four weeks in summer 2005 in a faculty internArunachalam ship with the forensics and investigations group at PricewaterhouseCoopers in Chicago. Bennett Bluedorn John Bennett, adjunct assistant professor of marketing, was appointed in spring 2006 to a three-year term on the board of directors for the Marketing Management Association. Allen Bluedorn, chair of the Department of Management and Emma S. Hibbs Distinguished Professor, served as chair of the MU Council of Chairs during the 2005– 06 academic year. Ken Evans, Pinkney C. Walker Professor of Teaching Excellence, was the keynote speaker at the First Annual Institute for Knowledge Service and Innovation Evans International Symposium on Service Innovation in Taipei, Taiwan. He also served a one-year term as president of the Academic Division of the American Marketing Association. Stephen Ferris, James Harvey Rogers Chair of Money, Credit and Banking was appointed president of the Eastern Finance Association in April 2006 for a oneFerris year term. In July 2005, earned a master’s degree in strategic studies from the U.S. Army War College. 24 MizzouBusiness ■ 2006 Jake Halliday, adjunct assistant professor of management, wrote a proposal resulting in a grant of $2.5 million to MU and the Missouri Halliday Innovation Center from the U.S. Economic Development Administration to be used for construction of the Business Incubation Center. Mark Houston, David and Judy O’Neal MBA Professor and associate professor of marketing, co-chaired the AmeriHouston can Marketing Association Summer Educators’ Conference in San Francisco in August 2005. Murali Mantrala, Sam M. Walton Distinguished Professor of Marketing, was a speaker at the METRO Management Meeting in Mantrala October 2005 in Poland and at the International Conference on Entrepreneurship and Management at The University of Hyderabad in July 2005. He is also serving as guest editor for a special issue on enhancing sales force productivity in the Journal of Personal Selling and Sales Management. Prather-Kinsey Jenice Prather-Kinsey, associate professor of accountancy, served a sixmonth term in 2006 as an Administrative Faculty Fellow in the office of the Vice Provost for International Programs. Ratti Ratneshwar, chair of the Department of Marketing and Bailey K. Howard World Book Chair in Marketing, spent two weeks in summer 2005 and then again Ratneshwar in 2006 as a visiting professor of marketing at the University of Mannheim, Germany. Ton Stam, Leggett & Platt Distinguished Professor of Information Systems, is a member of a multidisciplinary team that received a $3.8 million grant from the National Institute of Stam Health. His role directly involves his management information systems expertise. Tim Waid, adjunct assistant professor of management, earned a doctoral degree from MU in career and technical education in May 2006. Waid For the past 18 months, Bruce Walker, Lansford Professor of Leadership and dean, has been a member of a Chamber of Commerce task force that has created a new Walker venture-capital program, Centennial Investors, for mid-Missouri. Shaoming Zou, associate professor of marketing, received the Most Downloaded Articles-Top 200 Award from Emerald Literati Network in the United Zou Kingdom. He was chosen by the Academy of International Business to serve as the Departmental Editor of International Marketing for the Journal of International Business Studies. Johnson Returns to MU to Serve in Named Chair Position Symposium on Economic Development Draws Missouri Bankers Richard “Rick” Johnson has returned to the College of Business as the Emma S. Hibbs/Frederick A. Middlebush Chair of Entrepreneurship. Johnson taught in the college’s Department of Management from 1991 to 2003 before leaving to serve as the Puterbaugh Chair in American Enterprise at the University of Oklahoma. His new position as the Hibbs/Middlebush Chair will allow him to provide guidance to college and campuslevel entrepreneurship initiatives. In a symposium at MU in March 2006, about 50 executives and directors of Missouri banks had a timely discussion about economic development. Attendees included bank executives, board members, regulators, and state employees. “I am so pleased to be back at MU, especially in this esteemed position,” said Johnson. “The spirit of entrepreneurship is so essential in business today. With that in mind, I think it will be rewarding for our students and also my faculty colleagues to become more and more involved in entrepreneurship education.” “The purpose of this symposium was to provide bankers with information about state programs focused on economic development,” said John Howe, Missouri Bankers Chair and MU professor of finance. Howe organized the annual event along with the Missouri Bankers Chair Advisory Board and Stephen Ferris, the college’s J.H. Rogers Chair of Money, Credit and Banking. Johnson’s research has been published in numerous journals, including the Academy of Management Journal, Strategic Management Journal, Journal of Management, and Business and Society. He was honored on multiple occasions during his prior service at MU. The college awarded him the John A. Riggs, Jr. Excellence in MBA Teaching Award, the Raymond F. and Mary A. O’Brien Teaching Award, and the Harry Hall Trice Faculty Research Award four times. “Through the generosity of Mr. Hibbs, the college was able to establish six new named positions, including the Hibbs/Middlebush Chair of Entrepreneurship,” said Dean Bruce Walker. “Thus these named positions are helping MU’s College of Business retain our best faculty members and also to attract new talent, like Rick.” The Hibbs/Middlebush Chair of Entrepreneurship was established through the generosity of the late Sherlock Hibbs (BS BA ’26). The intent of this named position is to provide recognition and support for an outstanding faculty member in the College of Business whose work relates to the Austrian School of Economics and entrepreneurship. Books Published Billie Cunningham, Loren Nikolai, and John Bazley, Accounting Information for Business Decisions, 3rd edition, South-Western Publishing Company, 2007. Dan French, Introduction to Personal Financial Planning and Investing, Kendall/Hunt Publishing, 2006. Robert M. Doroghazi with Dan French (consulting editor), The Physician’s Guide to Investing: A Practical Approach to Building Wealth, Humana Press, 2006. Manfred Krafft and Murali Mantrala (editors), Retailing in the 21st Century: Current and Future Trends, Springer Publishing, 2006. Loren Nikolai, John Bazley, and Jefferson Jones, Intermediate Accounting, 10th edition, South-Western Publishing Company, 2007. S. “Ratti” Ratneshwar and David Glen Mick (editors), Inside Consumption: Consumer Motives, Goals, and Desires, Routledge, 2005. Michael J. Etzel, Bruce J. Walker, and William J. Stanton, Marketing, 14th edition, McGraw-Hill/Irwin, 2007. Speakers at the symposium included the deputy director for the Missouri Department of Economic Development, Mike Mills, who discussed the leadership roles of bankers in economic development. Sallie Hemenway, director of operations for business and community services in the same department, spoke about economic development resources available to bankers. The afternoon speakers were George Kahn, vice president and associate director of research at the Federal Reserve Bank in Kansas City, and Eric McClure commissioner of finance for Missouri. Kahn provided economic outlooks for both the nation and Missouri, and McClure gave a regulator’s view on economic development. “This is an extremely timely topic given the political and economic climate in the state. Bankers certainly benefit from economic development, but they also can be key drivers of economic development,” Howe stated. The next Missouri Banking Symposium will be held on Thursday, April 12, 2007. A planning process to select the symposium theme is underway. For information, call 573-882-3800. MizzouBusiness ■ 2006 25 Alumni Profiles Accounting Alumnus Takes Part in a Revolution S tuart Bascomb is very familiar with the transformations that revolutionized the pharmaceutical industry. In fact, millions of people might say they have been affected by his career choices. After graduating from MU and passing the CPA exam with flying colors, Bascomb began his career in public accounting. Eventually he became a group controller for Pet Incorporated, where he provided financial support for six operating divisions including a retail drug division, and later became chief financial officer of Medicare-Glaser, a publicly held chain of 90 drug stores with sales of more than $100 million. Stuart L. Bascomb ■ M Acc ’65 Chairman Amerisight Inc. At Medicare-Glaser, Bascomb supervised the development of one of the first online pharmacy systems. This led to his integral role in founding Express Scripts, Inc. As a leading pharmacy benefits manager (PBM), Express Scripts now serves more than 50 million people in the U.S. and Canada, grosses $16 billion in sales annually, and is ranked No. 134 in the Fortune 500. Bascomb was instrumental in the rapid development of Express Scripts from 1989 until early 2004, during which time he served as executive vice president and director. Except for a three-year period as CFO when the company went public, he was responsible for sales and account management and its pharmacy network of more than 50,000 pharmacies. He led the effort to build sales from $15 million in 1989 to more than $13 billion in 2003. “Get a good education like the one you can get at MU. Look for the right opportunities and make sure you enjoy the career you’ve chosen.” “When I started in this business in the ’80s, it cost $3 to $4 to process a prescription,” Bascomb says. “We totally automated it, and it costs pennies now.” He explains part of his success as being in a dynamic industry experiencing rapid growth. As drug costs rose, companies were looking to reduce the expense of employee benefits. PBMs such as Express Scripts provided a solution by contracting with pharmacies to get volume discounts and by providing cost effective mail order pharmacy services for maintenance medications. “Every year we were reinventing our organization,” Bascomb says, noting that in most years they had more than 50 percent growth in sales, helped in part by an annual 10 percent increase in the overall market for prescription drugs. “It was a pretty exciting time to be in the PBM business.” In 2004, Bascomb retired from Express Scripts and organized a start-up company, Amerisight, Inc., one of the nation’s first ophthalmologic surgery benefits management companies. Today he is chairman of Amerisight, where he works with his son, Linck. Married 42 years, Bascomb and his wife Phyllis (AB ’64), have three children — Linck, Christy, and Neal — and six granddaughters. In 2005, Bascomb visited Mizzou as a Professor-for-a-Day and spoke to business students about strategic management and what it takes to grow a company. He currently serves on the college’s Strategic Development Board, and Phyllis and he are members of The Herbert J. Davenport Society. Bascomb gives sage advice to the college’s business students: “Get a good education like the one you can get at MU. Look for the right opportunities and make sure you enjoy the career you’ve chosen. And finally, if you work for a company, act as though it’s your business — like it’s your own money on the line.” 26 —Teressa Tignor Gilbreth MizzouBusiness ■ 2006 Columbia Business Owner Leads National Organization B eing part of a second-generation family business has offered Brad Eiffert one exciting opportunity after another. As vice president and general manager, Eiffert sees Boone County Lumber Company in Columbia as a lab where he can make discoveries and chart new territory. These experiences have prepared him well for being the leader of the largest advocacy group for small and independent businesses. In January, Eiffert became chairman of the 11-member board of directors for the National Federation of Independent Business. With 600,000 members, NFIB is the nation’s most influential business lobby, according to a survey conducted by Fortune magazine. An NFIB board member since 2003, Eiffert began serving a second threeyear term this year. “It’s easy for me to get excited about working to protect the freedom to start small businesses and keep regulatory burdens down,” Eiffert says. “I believe in the opportunities we have in this country because I’ve seen them lived out in front of me.” Brad Eiffert BS BA ‘81, MBA ‘84 Vice President and General Manager Boone County Lumber Company Eiffert’s father, Howard, started Boone County Lumber Company in 1965. Eiffert began working for his father’s company after eight years of active duty in the U.S. Air Force as an aircraft commander and instructor pilot, some of which was spent in the Persian Gulf during Operation Desert Shield. Eiffert’s brother, Greg, also joined the business and is now president. “As a family facing succession issues, we realized the tremendous impact of the ‘death tax’ and wanted to make sure our legislators knew how difficult it is to pass on a family business,” Eiffert says. He agreed to take on the family business’ public-policy role. “I believe in the In order to increase understanding, Eiffert allowed his family’s story to be published in national media such as U.S. News & World Report, Time, and CNN Financial News. He also participated in various forums and made personal visits to U.S. congressmen and senators to raise awareness and lobby for repeal of the “death tax.” He took part in the national press conferences when the repeal act was introduced. we have in this Since his step into the national public-policy arena, Eiffert was invited to host a “town hall” meeting at a division of Boone County Lumber when Vice President Dick Cheney visited in 2004. He also participated in President George W. Bush’s Economic Summit and in a Small Business and Regulatory Reform session with Cheney. lived out in front opportunities country because I’ve seen them of me.” Today, the Eifferts’ company employs more than 40 people and has added two divisions, Boone County Millwork and Boone County Installs. The brothers work together on a daily basis to effectively coordinate sales and operations. Eiffert lives in Columbia with his wife, Kristin, and their three children Ryan, William, and Benjamin. Since 1999, he has been a member of The Callaway Bank Advisory Board. Eiffert highly values his upbringing and the intense entrepreneurial spirit his father instilled in him. “If you have a good idea, really believe in it and work for it. You can make it happen,” says Eiffert. — Teressa Tignor Gilbreth MizzouBusiness ■ 2006 27 Alumni Profiles A Journey to Success From Spain Through Mizzou to Texas W hen José Gutiérrez arrived at MU on a freezing day in January 1982, he knew he was taking the first step into a new frontier of his life. Deciding to leave his native Spain to study at a university 5,000 miles from home began the journey that would lead him to his current position as president and CEO of AT&T Southwest. The MU School of Accountancy’s excellent reputation and thoughtful counseling by College of Business professors and staff motivated Gutiérrez’s decision to pursue both his bachelor’s and master’s degrees in accountancy. He credits his Mizzou education not only with preparing him to pass the CPA exam on his first try, but also with educating him about the ethical issues surrounding the field of accountancy. José M. Gutiérrez BS Acc ’84, M Acc ’85 President and CEO AT&T Southwest “It’s humbling and very satisfying to share what I hope is valuable insight from my career in business with new generations of students.” Gutiérrez still heeds the advice he received from the MU School of Accountancy’s founder, Joseph A. Silvoso. “I will always remember Dr. Silvoso telling us that our reputations are the most valuable assets we would ever own as professionals,” Gutiérrez says. “Years later, as I now read about cases of corporate and political corruption, I recall Dr. Silvoso and his guidance.” Gutiérrez’s success as a student earned him a position at Peat Marwick (now KPMG) one year before he graduated. The company agreed to hold a position for him until he earned his master’s degree. “I was lucky to attend a university with one of the top-ranked schools of accountancy,” Gutiérrez says. “Mizzou also provided me the fertile ground I needed for my overall growth and development as a person.” Gutiérrez went on to earn an MBA degree from Northwestern University and held positions in strategic planning, consulting, and auditing at KPMG Peat Marwick before joining SBC Communications in 1991. As SBC’s executive director of international business development and director of mergers and acquisitions, he was responsible for negotiating and executing domestic and international transactions and alliances. In 1999, SBC appointed Gutiérrez to be VP and general manager for the greater Texas region of Southwestern Bell Wireless. In 2000, he was head of investor relations for SBC Communications. In 2001 he became senior VP of sales for SBC Directory Operations. In 2004, Gutiérrez became president of wholesale, operator services, public communications, messaging, paging, and video services in SBC’s 13-state territory. He was appointed to his current position in December 2005, following SBC’s acquisition of AT&T. As president and CEO of AT&T Southwest, Gutiérrez has direct responsibility for all regional operations, including network, and consumer and business sales. Gutiérrez maintains close ties with his alma mater. He worked with the college’s MBA students on a project for SBC, and now serves on the advisory board for the Crosby MBA Program. According to Gutiérrez, he looks forward to interacting with more students when he spends a day on campus this fall as an “Executive-in-Residence.” Gutiérrez, who lives in Dallas with his wife, Diane, and two children, has come a long way since his days as a Mizzou undergraduate. Now he enjoys contributing to the education of students about to embark on their own professional journeys. — Priya Ratneshwar 28 MizzouBusiness ■ 2006 In the Business of Education N ikki Krawitz’s adventurous spirit together with her unwavering belief in the importance of education has led her from being a teacher of learning disabled children to serving as the University of Missouri System’s vice president of finance and administration. Krawitz received a BA degree in elementary education from Washington University and, in 1967, a master’s in special education from Columbia University. She earned a master’s degree in accountancy from MU several years later. During the early part of her career, Krawitz diagnosed and taught children with learning and language problems. She took a break from teaching when her son Adam was born. When Krawitz decided to reenter the workforce, she pursued other interests. An economics class at Rice University whetted her appetite for business. In the early 1980s, Krawitz moved to Columbia when her husband, Aaron, was hired by the MU College of Engineering; they continue to reside in Columbia. She read about the accounting program in the MU College of Business and called the School of Accountancy. Natalie “Nikki” M. Krawitz M Acc ’82 Vice President of Finance & Administration University of Missouri System “If the accounting program at MU hadn’t been so supportive and welcoming, I probably wouldn’t be where I am today,” Krawitz says. “It gave me the foundation that I needed to pursue all of these opportunities.” After receiving her master’s degree in accountancy in 1982, Krawitz joined Stephens College to teach accounting and finance. Subsequently, she held various academic and administrative positions there, including vice president of finance and business. “It’s the mission In 1996, Krawitz joined the UM System as consultant to the executive vice president of finance and administration. She then became controller for the entire System and, in 2002, was appointed to the position she holds now. As vice president for finance and administration, Krawitz oversees treasury operations including the management of the University’s endowment and retirement trust funds; financial accounting; system-wide budgeting; risk and insurance management; procurement; institutional research; and facilities planning and design. institution that “This position comes with enormous rewards and challenges, one of which is providing leadership during a time when state support for higher education has been reduced and continues to be under serious pressure,” Krawitz says. To help meet this challenge, Krawitz tries to maximize System resources so the university is not overly dependent on tuition or state appropriations. For example, in order to help minimize tuition increases, Krawitz strives to increase returns on the System’s cash investments, endowment and retirement funds, and minimize the cost of capital. of an educational attracts me. I had the opportunity to go to the business sector, but I really am committed to higher education.” Although she is a CFO, Krawitz continues to educate in many ways. Until 2003, she co-wrote the study guide for every edition of a textbook by Loren Nikolai, the Ernst & Young Distinguished Professor in Accountancy. Krawitz conducts workshops for faculty on higher-education finance and budgeting for the American Council on Education, and she works with Missouri ACE-Net, an organization that promotes leadership positions for women in higher education. “It’s the mission of an educational institution that attracts me. I had the opportunity to go to the business sector, but I really am committed to higher education.” — Priya Ratneshwar MizzouBusiness ■ 2006 29 Alumni News Vasey Receives Honorary Degree Dean Bruce Walker and Assistant Dean Mary Beth Marrs with Roger Vasey (center) at MU’s Honors Convocation in May. Kenneth Dean Day, left, and Bill Dahlin at the May 12 convocation. Senior Seniors Receive Their Degrees At the College of Business convocation on May 12, most of the graduates crossed the stage with eager anticipation of the careers that await them. However, earning their degrees was a finishing touch to already distinguished careers for two graduates — Bill Dahlin and Kenneth Dean Day. Dahlin came to MU as a World War II veteran in 1947, attending classes through benefits received from the GI Bill. When the benefits ran out in 1950, Dahlin left school six hours short of earning his degree to open his own business and get married. After running a successful business for nearly 40 years, Dahlin now works as a special accounts manager for Wiese Planning & Engineering Inc. in St. Louis. Recently, his children urged him to return to school to finish his bachelor’s degree with an emphasis in marketing. With special permission, Dahlin took the remaining classes at University of Missouri–St. Louis and received his wellearned diploma. Day’s path was similar to Dahlin’s. He too served in the military during World War II and then attended MU from 1946 to 1950. He was recalled to active duty in the U.S. Corps of Engineers during the Korean Conflict. Roger Vasey (BS BA ’58) received an honorary doctor of humane letters degree for his contributions to business, education, the University of Missouri-Columbia, and its College of Business. MU Chancellor Brady Deaton conferred the degree upon Vasey at the Honors Convocation on May 13, 2006. After graduating in 1958, Vasey completed three years of service in the U.S. Navy. Then he began his career in the investment banking industry, holding positions with several major firms. In 1979, he joined Merrill Lynch & Co. Inc., one of the largest investment banking firms in the world. He eventually became head of the debt markets group and later was promoted to executive vice president. According to an article in The Wall Street Journal, Vasey was “credited with building the firm’s worldwide bond business.” After retirement, he remained a special advisor to the chairman of this world-renowned financial corporation. Vasey and his wife, Sandy, have done much work to create better opportunities for minority students. In 1997, he and Sandy established the Vasey Academy in the MU College of Business to expose minority freshmen and sophomores to potential careers in business. Through this program, over 300 students have received scholarships as well as opportunities to attend lectures, discussions, and field trips to broaden their career perspectives and benefit from professional development. Based on the success of the Academy’s first eight years, the Vaseys made an additional gift of $1 million in April 2005. As a result of the Vaseys’ latest generosity, the number of students in the program will grow from 30 to 60 and the future of the Academy is assured for another 12 years. Vasey has earned numerous honors including an MU Human Rights and Diversity Enhancement Award (2001), an MU Faculty-Alumni Award (2000), a College of Business Student Council Award (1999), and a Citation of Merit from the college (1997). He and Sandy are members of The Herbert J. Davenport Society at the Distinguished Patron Level. Vasey serves on the college’s Campaign Steering Committee and the Strategic Development Board. After that, Day spent many years working as an industrial engineer in Colorado and Missouri, and was also involved in real estate investments in several states. Now retired and living in Cottonwood, Ariz., Day was awarded his bachelor’s degree with a management area of emphasis. 30 Roger and Sandra Vasey enjoy an opportunity to meet the 2005 Vasey Academy students. MizzouBusiness ■ 2006 MU Alumni Association Honors Business Alumnus College of Business students and alumni, all Delta Sigma Pi members, celebrated together at a Mizzou football tailgate during the business fraternity’s reunion weekend. Alumni and Friends of the College Honored T he College of Business bestows the Alumni Citation of Merit, the college’s highest honor, to a select group of alumni annually. Deserving individuals who are not graduates of the college receive a Special Citation of Merit. At the Honors Luncheon in April 2006, the college awarded six Alumni Citations and two Special Citations. Recipients are selected by a vote of the entire faculty from a pool of nominees. The award is based on career accomplishments and support of the college through service on an advisory board, presenting guest lectures, assisting with placement of the college’s graduates, and/or financial contributions. 2006 Alumni Citations of Merit William Hancock (BS Acc ’75): President and National Attest Practice Leader, Mayer Hoffman McCann PC, and director, CBIZ Accounting, Tax and Advisory Services Division, Leawood, Kan. Joseph Hegger (BS BA ’87): Senior Vice President, Corporate Operations, Colliers Turley Martin Tucker, St. Louis. David Johnson (BS BA ’78): Chairman, Maxus Realty Trust, Inc., Kansas City, Mo. Barbara Kieffer (BS BA ’87): Senior Manager, Finance Employee Development, The Boeing Company, St. Louis. John Rogers (BS BA ’57): Bank Consultant, E.L. Burch and Associates, Platte City, Mo. Dan Schuppan (BS BA ’67; MBA ’69): President, MBS Textbook Exchange, Inc., Columbia. 2006 Special Citations of Merit Cynthia Brinkley, President, AT&T Missouri, St. Louis. Donald Meyer, Director, International Marketing, Anheuser-Busch, Inc., St. Louis. Two alumni also received a Recent Alumni Achievement Award at the April luncheon. This tribute recognizes outstanding volunteer support of the college as well as the professional accomplishments of alumni who received their degree 15 or fewer years ago. 2006 Recent Alumni Achievement Awards Toby Stock (BS BA ’98): Assistant Dean for Admissions, Harvard Law School, Cambridge, Mass. Brian Ungles (BS BA ’96; MBA ’98): Vice President, Colliers Turley Martin Tucker, St. Louis. M ark Burkhart (BS BA ’76) received a Faculty-Alumni Award for 2005. Burkhart was one of 18 MU alumni and faculty members to receive the award, which recognizes individuals for their professional achievements, community involvement, and service to the university. This annual awards program is carried out by the MU Alumni Association. Burkhart is the president and CEO of Colliers Turley Martin Tucker (CTMT), an international commercial real estate firm with headquarters in St. Louis. He joined CTMT in 1977 as a property administrator and was named vice president in 1981. Burkhart has been in his current position since 1993. He has been commended for his work with CTMT, as he has assisted in developing the company into a leader in commercial real estate management in the Midwest. CTMT is also one of the largest recruiters of MU business students. Burkhart was crucial in establishing the college’s CTMT Scholar position, which is held by David West, professor of finance. Burkhart remains involved with the college as a member of the Strategic Development Board. He is a member of the Davenport Society and received a Citation of Merit from the college in 1998. Burkhart was also a convocation speaker in 1994 and participated as an Executive-in-Residence in 1998. “Being able to give back to the college and the university throughout my career has been incredibly rewarding,” says Burkhart. “I am honored that MU values my contributions as much as I enjoy continuing to be involved with my alma mater.” MizzouBusiness ■ 2006 31 Alumni News Alumni Donate Time and Talent M any College of Business silent auction was also held to benefit alumni come to the col- the scholarship endowment fund. lege to speak to classes, The St. Louis College of Business Alumoffer business advice, or ni Chapter held its first scholarship recruit graduates for their companies. banquet in several years. Two students Other alumni stay active with the col– Shannon Ferguson and Andrew Frailege through participating in various ley – received $1,000 scholarships from alumni groups. These organizations the chapter. Most of the funds for the keep graduates connected, provide scholarships came from a Trivia Night scholarships, and bring programs to held in the fall and a silent auction feathe college that greatly benefit stuturing items such as Cardinals tickets dents. Some examples follow: and Mizzou mementos. The MU Business School Alumni of The St. Louis chapter also started a Greater Kansas City hosted scholarmonthly dinner club to provide netship recipients, representatives from working opportunities to alumni and, the college, and fellow alumni for an almost as important, to try new restauannual scholarship banquet. James rants. If you would like to join members Bereolos, Lauren Houlihan, and Amy of the St. Louis chapter for a night out, Sarver received scholarships worth please e-mail Lisa Rotert at lrotert@ $1,000 each. Terry Shelton (BS BA ctmt.com. ’73) was named the “KC Alumnus of the Year.” John Swenson, adjunct as- Among other activities, the Recent sistant professor of finance, received Alumni Advisory Board (RAAB) advises the “Teacher of the Year” award. A the college regarding its academic activities, supports programs and events, 32 MizzouBusiness ■ 2006 and helps students make the transition from school to work. More than 300 alumni volunteered their time to critique about 300 student résumés through a RAAB program this past year. The program is facilitated through e-mail, so alumni from around the globe were able to participate. Many informal mentorships were formed as a result of this program, some of which resulted in interviews, internships, and job offers for the college’s students. Alumni participation is essential in continuing to advance the college. You are invited to become involved with a College of Business alumni chapter. For more information about the St. Louis chapter, contact Janell Soucie-Pittman at janell_ls@ yahoo.com. If you are from the Kansas City area, contact Angie Burnes at [email protected]. For more information about RAAB, contact Adam Stoverink at [email protected]. Class Notes 1940s Sheldon Turk (BS BA ’42) of Palm Beach Gardens, Fla. is president of the board of directors of Golf Villas, a 340-unit condominium development. Ralph Hook, Jr. (BS BA ’46) of Honolulu, Hi. was elected director emeritus, ML of Macadamia Orchards, LP-1. He was also a New York Stock Exchange founding director from 1986 to 2005. Eloise Clifford Ellis (BS BA ’48) of Fort Worth, Tex. celebrated her 56th wedding anniversary with husband Bob in 2005. Robert Neel (BS BA ’48) of Orlando, Fla. was inducted into the Hall of Fame at the National Museum of Funeral History in Houston. He is chairman emeritus of the board of Woodlawn Memoriam Memorial Park and Funeral Home in Gotha, Fla. and past president of the International Cemetery and Funeral Association. 1950s Robert Zamen (BS BA ’52) of Austin, Tex. recently retired from his position of VP of the Texas Hospital Association. He was the first man to be elected president of the Texas Association of Healthcare Volunteers. Bob Pugh (BS BA ’63) of Columbia received the Community Service Award from the Voluntary Action Center at its “Spring into Action” fundraiser. James Estes (BS Acc ’64) of Columbia was named the 2005 Realtor of the Year by the Columbia Board of Realtors. James Glascock (BS BA ’65, MBA ’69) of Columbia has been elected as a director of the Bank of Missouri. Noel Shull (BS BA ’70) of Kansas City, Mo. was appointed to the Missouri Gaming Commission. Laurence Harkness (MS ’71) of Dayton, Ohio was honored as the 2004 Montgomery County Citizen of the Year. The annual award recognizes individuals who have shared their time and expertise to improve the quality of life of the community’s citizens. Jim Spieler (BS BA ’65) of Columbia was honored by the Columbia Lodging Association with an endowment in his name at the MU College of Agriculture, Food and Natural Resources. The fund will benefit hotel and restaurant management students. Larry Jensen (BS Acc ’71) of Englewood, Col. was appointed president of Leprino Foods. Charles Brown (BS BA ’67) of Lawton, Okla. is a Cameron University Foundation Senior President’s Partner. Donald Epley (PhD ’72) of Mobile, Al. is director of the Center for Real Estate Studies and the Ben May Distinguished Professor at the University of Southern Alabama. Rodger Riney (BS CiE ’68, MBA ’69) of St. Louis is president and CEO of Scottrade Inc., one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. Mark Smith (BS BA ’71) of Jefferson City is the president and CEO of the Missouri Hospital Association. William French (BS BA ’72) of Chesterfield, Mo. is the president of French Gerleman Electric Company, one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. Larry Downey (BS Acc ’74) of Harrisonville, Mo. is the CEO of Teva Neuroscience, a company named as one of the “Best Places to Work” by the Kansas City Business Journal. Gilbert Shanley, Jr. (BS BA ’55) of Shreveport, La. was honored by the American Heart Association in June for his work as a two-term president of the Caddo-Bossier Chapter of the AHA and his five years as a member of the five-state AHA Southeast Regional Board. Martha Carpenter Smith (BS BA ’74) of Overland Park, Kan. rejoined Bank of America as senior VP and senior client manager. She was previously CFO of the United Methodist Church of the Resurrection in Leawood, Kan. Melvyn Lefkowitz (BS BA ’57) of St. Louis is the president of Federal International, Inc., one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. Edward Kohler (BS BA ’59) of Huntsville, Mo. was elected as the 2005-2006 district governor of Lions Club International for Missouri district 26-C. 1970s From left, John Hillhouse (BS BA ’69) and his wife, Nancy (BS Ed ’69, M Ed ’73), and Paul Vogel (BS Acc ’89, M Acc ’90, JD ’93) mingled while also visiting with other College of Business alumni at a St. Louis Cardinals game. James Dierberg (BS BA ’59) of St. Louis is chairman of First Banks, Inc., one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. 1960s Robert Dierberg (BS BA ’61) of Chesterfield, Mo. is chairman, president, and CEO of Dierbergs Markets, Inc., one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. Michael Stanfield (BS BA ’68) of Leawood, Kan. is president of VSR Financial Services, Inc., one of the fastest-growing companies in Kansas City as featured in Ingram’s “Corporate Report 100.” Hugh Williamson (MBA ’69, PhD ’74) of Colfax, Wis. is director of the Business Administration Program at the University of Wisconsin-Stout in Menomonie. Homer Duvall III (BS BA ’75) of St. Petersburg, Fla. was appointed chairman of the Title Insurance Committee of the Florida Bar Real Property, Probate and Trust Law Section. William Gibson (BS BA ’75) of Chesterfield, Mo. is an officer of Arthur Wells Holdings, Inc., one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. Steve Hargrave (BS BA ’75, MBA ’78) of Olathe, Kan. became the chairman of the board for the Women’s Christian Association, the oldest charity in Kansas City. Marilyn Ann Teague Tromans (BS Acc ’75) of Kansas City, Mo. is the CFO of Blue Cross & Blue Shield of Kansas City, one of the fastest-growing companies in Kansas City in the “Corporate Report 100” section of Ingram’s magazine. MizzouBusiness ■ 2006 33 Class Notes David Winney (BS BA ’75) of Wichita Falls, Tex. serves as the city’s human resources and civil services director. George Fisher (BS BA ’76) of Plano, Tex. was recently named VP, franchise sales of PepsiCo, Inc. Prior to this assignment, he founded the Pepsi Wal-Mart team and led it to $1 billion in annual sales. Steve Lumpkin (BS Acc ’77) of Shawnee Mission, Kan. is the CFO and treasurer of Applebee’s International, which was listed among the fastest-growing companies in Kansas City in the “Corporate Report 100” section of Ingram’s magazine. Patty Menown Wolfe (BS Ed ’77, AB ’77, MBA ’80) of Houston, Tex. was promoted to the position of U.S. business change management consultant on a global SAP system implementation project for Shell Oil. Dawn Stringfield (BS BA ’80) of St. Louis received the Community Leadership Award from the Coro Leadership Center. She is the executive director of Lydia’s House, the largest transitional housing program for abused women and children in Missouri. Hilton Kahn (BS BA ’81) of St. Charles, Mo. is a principal of Arthur Wells Holdings, Inc., one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. Melody Weaver Marcks (BS BA ’83) of Columbia was appointed VP and director of human resources of Boone County National Bank. Susan Mitchell Smith (BS BA ’81) of Fairway, Kan. was elected as treasurer of the CCIM board of directors. Ann Marie Wamser Schlueter (BS BA ’83, BJ ’83) of Eagan, Minn. is VP of demand planning for Best Buy Corp. Daryl Smith (BS BA ’83) of Bristol, Conn. joined ESPN as senior VP of human resources in January 2006. Craig Campbell (BS Acc ’84) of Chesterfield, Mo. was appointed to the regional advisory board of the Midwest BankCentre in Clayton. Douglas Rau (BS BA ’78) of Kirkwood, Mo. was promoted to VP of human resources at Sigma-Aldrich. Maureen Ullrich Davis (BS Acc ’84) of Bloomington, Ill. is currently the assistant vice president of information technology at State Farm Insurance Cos. Mark Eckhardt (BS BA ’79) of St. Louis was named an “MS Corporate Achiever” by the St. Louis Business Journal. Mark is a VP with Grubb & Ellis | Gundaker Commercial. Brian Zimmerman (BS BA ’79) of Atlanta, Ga. was named southeast region ad sales manager for Real Cities Network. Three generations of Mizzou fans enjoyed a Thanksgiving tailgate during the last home game in 2005. From the front, Randy Oberdiek (BS Acc ‘84); Randy’s mother-in-law, Helen Coldren; Helen’s mother, Hazel Reed; Randy’s wife, Pam Oberdiek (Bus ‘84); and Randy’s father-in-law, J.P. Coldren. 1980s P. Stephen Appelbaum (BS Acc ’80) of St. Louis was hired as CFO of Cass Information Systems, Inc. Jeffrey Comotto (BS BA ’80, JD ’83) of St. Charles, Mo. was named an “MS Corporate Achiever” by the St. Louis Business Journal. Jeffrey is the director of federal tax operations with Anheuser-Busch Companies, Inc. Sara Brown Humphrey (BS Acc ’80) of Shawnee Mission, Kan. was named by the Kansas City Business Journal as one of the “Women Who Mean Business” in 2006. 34 Sheldon Adler (BS BA ’83) of Eden Prarie, Minn. is director of supply chain management for the Minneapolis-based Rimage Corporation, a leading manufacturer of CD and DVD duplicating systems. George Robinson (MBA ’81) and wife Lobelia of Alvin, Tex. announced the birth of their son, Anthony William, on August 18, 2005. Jeffrey Yount (BS Acc ’77) of St. Louis was named by the St. Louis Business Journal as an “MS Corporate Achiever.” Daniel Renz (BS Acc ’79) of St. Louis is chairman and CEO of Summit Marketing Group, one of the top 150 privately held companies in St. Louis according to the St. Louis Business Journal. Randal Reiners (BS BA ’82), recent president, CEO and director of The Professional Directors Institute with SEC Commissioner Isaac Hunt, is now serving as chairman and CEO of R. Holdings, Inc. MizzouBusiness ■ 2006 David Caffrey (BS BA ’82) of Leawood, Kan. is the president of Premier Bancorp, a company named one of the fastest growing companies in Kansas City in the “Corporate Report 100” of Ingram’s magazine. Mike Helmuth (BS BA ’82) of Prairie Village, Mo. is a principal at RED Brokerage, a company named as one of the “Best Places to Work” by the Kansas City Business Journal. Natalie Rosenfeld Krawitz (MS Acc ’82) of Columbia was included in Inside Columbia’s list of “Women of Influence” in the March 2006 issue. (See profile on page 29.) Brian Nagel (BS Acc ’82) of Great Falls, Va. was promoted to deputy director of the U.S. Secret Service. W. David Myers (BS Acc ’84) of Rogersville, Mo. was appointed to the Firm Management Committee with PKF North American Network. David Putnam (BS BA ’84) of Columbia was hired by Premier Bank as a senior VP and chief lending officer. Barbara Katz Rummerfield (BS BA ’84) of Chesterfield, Mo. is married to Pat Rummerfield, the world’s first quadriplegic patient to recover his fully-functional status. Pat completed a 155-mile adventure foot race in the Gobi Desert to raise awareness of spinal cord injury. Cathy Miller Behnen (BS Acc ’85) of St. Louis is a partner with RubinBrown in the internal audit services group. Lisa Capshaw Cushing (BS Acc ’85, JD ’88) of St. Louis and husband Kevin Cushing announced the birth of their third child, son Keegan Michael Capshaw Cushing, on May 2, 2005. Frank Sanfilippo (BS Acc ’85) of Sunset Hills, Mo. was promoted to executive VP at Enterprise Financial Services Corporation. Sheryl Shannahan White (BS BA ’85) of Kansas City, Mo. was named one of the Kansas City Business Journal’s “Women Who Mean Business” for 2006. Nancy Dippell Wahrenbrock (BS BA ’89, JD ’92) and husband Mark of Columbia announced the birth of their son Clark David on December, 31, 2004. Jim Dilley (M Acc ’93) of Sapulpa, Okla. is the corporate controller for Webco Industries Inc., a large steel tubing manufacturer with headquarters in Tulsa. Barbara Keiffer (BS BA ’87) of St. Paul, Mo. is currently a member of the MU College of Business Management Advisory Board, and she is also the Mizzou “business focal” for the Boeing company. 1990s Todd Sheerman (BS BA ’93, MBA ’94) and Lori Worth Sheerman (BS BA ’94) welcomed their daughter Claire Elizabeth on February 22, 2006. Marilyn Waide Lake (MPA ’87, MA ’94, PhD ’03) of Hutchinson, Kan. recently judged an annual writing competition sponsored by a unit of the Missouri Writers Guild. Phil Owen (BS BA ’87) of Kansas City, Mo. was named a principal with Edward Jones’ holding company. Lori Garcia Caster (BS Acc ’88) of St. Louis was promoted to group VP overseeing grocery, dairy, and frozen foods at Schnucks. Tom Duvall (BS Acc ’88, BS BA ’88, MBA ’90) of Independence, Mo. is the CEO of Truckmovers.com, one of the fastest-growing companies in Kansas City according to Ingram’s magazine. Dan Henry (BS BA ’88) of Overland Park, Kan. is president and CEO of Euronet Worldwide, Inc., one of Ingram’s fastest-growing companies in Kansas City. Christy Harris Lemak (MBA ’88, MS ’88) of Gainesville, Fla. holds the Bice Professorship in Health Services Research, Management and Policy at the University of Florida. Michael Stannard (BS Acc ’88) of Wildwood, Mo. is executive director of the Missouri Health and Educational Facilities Authority in Chesterfield, Mo. Douglas Worley (BS Acc ’88, JD ’97) of Ellisville, Mo. is a partner with law firm Blackwell Sanders Peper Martin. Bruce Allen (MBA ’89) of Kansas City, Mo. is a managing director of MarketSphere Consulting, a company that was named one of the “Best Places to Work” by the Kansas City Business Journal and one of the fastest growing companies in Kansas City in the “Corporate Report 100” section of Ingram’s magazine. Christa Cosner Krumm (BS BA ’89) of Leawood, Mo. was elected to the education committee of the CCIM board of directors. William Lawson (BS BA ’89) of St. Louis, Mo. has joined the law firm of Greensfelder, Hemker & Gale, P.C. as an officer in the Labor and Employment Practice Group. Paul Brennan (BS Acc ’90) of St. Louis was appointed corporate controller of Mullenix Companies. Gregory Power (BS BA ’90) of Chesterfield, Mo. was recognized in the St. Louis Business Journal as an “MS Corporate Achiever.” Trishia Watson (BS BA ’90) and family moved to Douglas, Ga., where she is now involved with the local school district’s PTO and serves as the director of her church’s women’s ministry. Carl Yost (BS BA ’90) of Warrensburg, Mo. is VP of MarketSphere Consulting, featured in Ingram’s as one of the fastest-growing companies in Kansas City. Lyle Rosburg (BS Acc ’91) of Jefferson City, Mo. is the CFO of the Jefferson City Medical Group. He married Lori Detjen of Rolla, Mo. on May 28, 2005. Bryan Dehner (BS BA ’92) of Kansas City, Mo. was named one of the “40 under 40 Class of 2006” in the April issue of Ingram’s. Bradley DeMarea (BS BA ’92) and Christina Deaton of Chicago, Ill. were married on October 8, 2005. Karen Johnson (BS BA ’92) of Springfield, Mo. has joined the worker’s compensation practice group of Evans & Dixon, L.L.C. as a senior associate. Steven Gerard Lanham (BS Acc ’92, M Acc ’93) of St. Charles, Mo. is manager of IT Financial Systems for Metro in St. Louis. Thomas Leritz (BS BA ’92) of St. Louis was named to the St. Louis Business Journal’s “40 under 40 Class of 2006.” Timothy Oetting (MBA ’92) of Springfield, Mo. was named to the “40 under 40 Class of 2006” in the Springfield Business Journal. Sharon Bragg Wilder (BS BA ’92) of Florissant, Mo. is currently an Edward Jones’ branch office manager for investment representatives in parts of Kentucky, Tennessee, and Virginia. Jason Becking (BS BA ’93, MBA ’95) and wife Sarah Messer Becking of Columbia announced the birth of Jack Thayer on June 9, 2005. Theresa Murray Swisher (BS BA ’94) of Columbia joined Boone County Bank as a consumer banking operations officer. Nichole Wilson (BS BA ’94) of Chicago, Ill. is a finance project manager working in the controller’s office of the Chicago Public Schools. Bryan Pratt (BS BA ’95, JD ’99) of Blue Springs, Mo. was recognized with the “2006 Legislative Award” in the St. Louis Business Journal. Bryan has served as a state representative since 2002. David Sides (MBA ’95, MHA ’95) of Kansas City, Mo. is VP of Cerner Corporation, one of Ingram’s fastest-growing companies in Kansas City in their “Corporate Report 100.” Angela Marchbanks Cunninghman (M Acc ’97) of Columbia has become a principal at Marberry Miller & Bales. Yong Kim (PhD ’95) was named to the position of visiting assistant professor at the University of Southern Indiana after spending a semester with the Department of Finance at MU as a visiting international scholar. Matthew Volkert (BS BA ’95) of Columbia is now a partner in the law firm of Van Matre, Harrison, and Volkert P.C. Robert Sprague Leawood, Kan. is listed among the in Kansas City in 100.” (BS BA ’96, JD ’00) of VP of Lockton Companies, fastest growing companies Ingram’s “Corporate Report David Stamm (BS BA ’96) of St. Louis is a systems analyst at a privately held company in the heating, ventilation, and air conditioning products wholesale industry. Travis Barr (BS BA ’97) of Centralia, Mo. is Midwest Block and Brick’s dealer sales representative for northern Missouri. Shane Flater (MBA ’97) of Houston, Tex. wed Kassie Robbins on March 18, 2006. Michael Haverty (BS BA ’97) of Mission, Kan. was named one of Ingram’s “40 under 40 Class of 2006.” Marcia Machens (M Acc ’97) of Columbia is serving on the advisory board for Columbia’s Speaking of Women’s Health 2006. MizzouBusiness ■ 2006 35 Class Notes Doug Best (BS BA ’98) of Belleville, Ill. was named an “MS Corporate Achiever” by the St. Louis Business Journal. Doug is the VP of corporate banking with Commerce Bank of St. Louis. Lindsay Cohen (BS BA ’98, JD ’01) of Ballwin, Mo. was named one of the “30 under 30 Class of 2006” in the St. Louis Business Journal. Paul Hinojosa (BS BA ’98) of St. Louis was promoted to manager at RubinBrown. Jeff Milam (BS BA ’98) of St. Louis has earned the accredited senior appraiser designation in business valuation from the American Society of Appraisers. Mark Mannion (BS BA ’01) of Ballwin, Mo. was promoted to be an internal SAP enterprise resource planning software trainer at Ryerson, the leading distributor and processor of metals in North America. Andrew Miedler (MA Acc ’01) of Ballwin, Mo. was named one of the “30 under 30 Class of 2006” in the St. Louis Business Journal. Kate Souerdyke Best (BS BA ’02) of Omaha, Neb. married Benjamin Best on June 17, 2005. Jeremy Patty (BS BA ’03) of Columbia was named managing director of the Columbia district office of Northwestern Mutual Financial Network. Jaret Gordon (BS BA ‘04) of Columbia was recently awarded Vice President’s Club and Rookie of the Year for the Kansas City District for Merck & Co. Inc. 2000s Robyn Handel (MBA ’04, JD ’04) of O’Fallon, Mo. took a leave of absence from her position with Protiviti to work for the Disaster Recovery Division of the Small Business Administration to assist Hurricane Katrina and Rita victims with business and home loans. Brian Arbuckle (BS BA ’00) of Kansas City, Mo. and wife Marly announced the birth of their son Colin William Arbuckle, who was born on April 14, 2006. Ryan Bross (BS BA ’00) of Wooldridge, Mo. has been promoted to commercial lender at Boone National Savings. Liz Harper (BS BA ’O4, BJ ’04) of Coral Gables, Fla. is content manager at Crispin Porter + Bogusky where she works on national MINI Cooper advertising campaigns. John Gamble (M Acc ’00) of Ashland, Mo. was promoted to audit supervisor at William-Keepers. Joshua Henggeler (M Acc ’04) of Columbia was promoted to tax senior at William-Keepers. Robert Heater (BS BA ’00) of Bluffton, S.C. is an F/A-18 Hornet pilot in the U.S. Navy. Jeff Samson (BS BA ’00) of O’Fallon, Mo. and wife Sharon welcomed their first child, Carter Alan Samson, on May 25, 2006. Thomas McGrath (BS BA ’03) and wife Natalie McGrath of Bear, Del. announced the birth of son Logan Riley on August 17, 2005. Thomas is currently a securities compliance examiner with the Securities and Exchange Commission in Philadelphia. Lisa Chall (BS BA ’04) of Wentzville, Mo. is a financial analyst with TALX Corporation located in St. Louis. Heidi Ann Huenemann (BS BA ’99) of White Plains, N.Y. works in global financial consolidation for IBM Global Services in Westchester County, N.Y. Amy Rold (BS BA ’00, MBA ’03) of St. Louis was recognized as one of the “30 under 30 Class of 2006” by the St. Louis Business Journal. Amy Skaggs Gregory (M Acc ’03) of St. Louis was married in 2005 and is a staff internal auditor for A.G. Edwards. Lori Linderer (BS BA ‘05) and Kory Drury at their June 2006 wedding. Jennifer Davis (M Acc ’02) of Columbia joined Moeller Williams Endington to work on individual, non-profit, and trust tax returns. Kourtney Osborn-Vallee (BS BA ’04) of Harrisonville, Mo. recently opened her own business, Scrapbook-N-Memories. James Price (BS BA ’04) of St. Louis works for a small community bank in St. Louis. Ted Stipanovich (BS BA ’04) and Erin Kerwin of Liberty, Mo. were married on July 23, 2005. The couple is expecting their first child in September. James Tighe III (BS BA ’00) of St. Louis was named an “MS Corporate Achiever” by the St. Louis Business Journal. James is the assistant VP of commercial lending with Enterprise Bank and Trust. Allison McCulloch (BS BA ’02) of O’Fallon, Mo. and her husband, Jay McCulloch (BS BA ’00), welcomed their first child, Alexander Matthew on January 22, 2006. Bryan Darnell Bullock (BS BA ’01) of Greenville, S.C. is a graduate student at the Kellogg School of Management. Jaime Stickler (MBA ’02) of Weymouth, Mass. and husband Alan announced the birth of their son Eliott on September 2, 2005. Lori Linderer (BS BA ’05) of Columbia married Kory Drury on June 3, 2006. Lori currently works for the College of Business. Sothana Chittratanawat (PhD ’01) of Bangkok, Thailand is currently working for Philip Morris Limited (Thailand) as manager of regional sales. Elisa Brenneke (M Acc ’03) of Jefferson City, Mo. was promoted to tax senior at WilliamKeepers. Jonathan Jarvis (BS BA ’01) of Overland Park, Kan. is working as a financial education consultant for J.P. Morgan Chase and Company. Amanda Gaither (M Acc ’03) of Springfield, Mo. was promoted to audit senior at WilliamKeepers. Emily Smith (BS BA ’05) of Columbia has joined the J. Patty Financial Group of the Northwestern Mutual Financial network as a financial representative. 36 MizzouBusiness ■ 2006 Donald Lee (BS BA ’05) of St. Louis, is the assistant buyer for Famous-Barr’s gift, trim-a-home, and stationery area. Eric Haeusser (BS BA ’06) of Columbia wed D’Arcy Rapp on August 12, 2006. In Memoriam 1920s Harold H. Reed (BS BA ’28) of Ardmore, Okla., August 2005. Mary Prunty Johnston (BS BA ’42) of Columbia, Mo., January 2005. Raymond H. Thompson (BS BA ’28) of Peoria, Ariz., January 2006. Mary Jane McDonnell Mendenhall (BS BA ’42) of Columbia, Mo., November 2005. See this page. 1930s Evelyn Lowe Frohock Chenoweth (BS BA ’32) of Dunedin, Fla., July 2005. Ivan M. West (BS BA ’32) of Wichita, Kan., October 2005. Edgar M. Goodman (BS PA ’34) of Tulsa, Okla., August 2005. Ben Ruben (BS BA ’34) of Overland Park, Kan., February 2006. James L. Fidler (BS BA ’35) of Oklahoma City, Okla., August 2005. Richard Briell (BS BA ’36) of Seguin, Tex., February 2005. George V. Childress (BS BA ’36) of Tulsa, Okla., August 2005. James Lee Edwards (BS BA ’36) of Butler, Mo., October 2005. J. Layton Pickard (BS BA ’36) of Charleston, Mo., September 2005. Henry Ford Eads (BS BA ’37) of Bedford, Tex., August 2005. Mervin Kohn (BS BA ’37) of Point Charlotte, Fla., December 2005. David H. Lichtenfeld (BS BA ’38) of St. Louis, August 2005. Laura Maxwell Riggs (BS BA ’39) of Peoria, Ariz., January 2006. Col. Samuel A. Zwanzig (Ret) (BS BA ’39) of Grand Terrace, Calif., March 2006. Donald B. Smith, Jr. (BS BA ’42) of Kokomo, Ind., October 2005. Helen Lee Wood (BS BA ’42) of St. Joseph, Mo., October 2005. Thomas D. Cairns, Jr. (BS BA ’43) of Independence, Mo., May 2006. Maree Farquhar Keller (BS BA ’43) of Austin, Tex., August 2005. John Lister (BS BA ’43) of Columbia, Mo., August 2005. Marjorie E. Partridge (BS BA ’43) of Kirksville, Mo., September 2005. Ottis J. R. Reser (BS BA ’43) of Osceola, Mo., June 2006. Harvey Sherman (BS BA ’43) of Chesterfield, Mo., October 2005. Barbara Darling Davis (BS BA ’45, BS PA ’45) of Sanibel, Fla., June 2006. William R. Etheridge (MA ’46) of Missoula, Mont., September 2005. Max Shemwell (BS BA ’46) of Doniphan, Mo., May 2005. Perry Lavern Wilson (BS BA ’46) of Valencia, Pa., November 2005. Mary Jane McDonnell Mendenhall (BS BA ’42) of Columbia, Mo., November, 2005. Successful business owner and Columbia philanthropist Mary Jane Mendenhall passed away November 16, 2005. Mendenhall earned her degree from MU’s College of Business. She joined with her husband, Hirst, and her father, Ira, to form Boone Realty Corporation, which today is known as RE/MAX Boone Realty, the largest real estate firm in Columbia. Mendenhall was well-recognized in the world of real estate. She was inducted into the Phi Chi Theta business fraternity for women, served as president of the Columbia Board of Realtors and the Missouri Women’s Council of Realtors, and was honored in Who’s Who for American Women in 1966, among many other distinctions. Mendenhall was also a prominent community figure, giving much support to MU, Rock Bridge Memorial State Park, and the Boone County Historical Society. Donald R. Miller (BS BA ’47) of Shawnee Mission, Kan., March 2006. Leo G. Wetherill (BS BA ’47) of Kansas City, Mo., December 2005. Edward F. Brodie (BS BA ’48) of Houston, Tex., July 2005. Forrest F. Crane (BS BA ’49) of Cape Coral, Fla., October 2005. Funston Eudy (BS BA ’40) Russellville, Ariz., December 2005. Norman E. Hill (BS BA ’48) of Sedalia, Mo., May 2006. Orville L. Hiles (BS BA ’49) of Lamoni, Iowa, November 2005. Waldemar A. Nielsen (MA ’40) of New York, N.Y., November 2005. Gerald Kreeon Morgan (BS BA’48) of St. Charles, Mo., February 2006. Howell H. Heck (BS BA ’49) of Conway, Ariz., June 2006. Stanley B. Cartwright (BS BA ’41) of St. Louis, July 2005. Robert R. Pierce (BS BA ’48) of Mesa, Ariz., August 2005. Leslie B. Kueck (BS BA ’49) of Columbia, Mo., February 2006. Lawrence J. Shaw (BS BA ’41) of Arlington, Va., January 2006. Alan James Robertson (BS PA ’48) of Tampa, Fla., November 2005. Norman Paul Matthews (BS BA ’49) of Lee’s Summit, Mo., September 2005. James F. Watkins (BS BA ’48) of Kearney, Mo., December 2005. Howard Strickland (BS BA ’49) of Grandview, Mo., April, 2005. 1940s MizzouBusiness ■ 2006 37 In Memoriam 1950s C. Ray Holman (BS BA ’64) of St. Louis, Mo., November 2005. Civic leader and former CEO Ray Holman died in a motorcycle accident near Meramec State Park on November 4, 2005. After Holman received his bachelor’s degree in business administration from MU in 1964, he served three years in the Army and then worked as an accountant. Holman began work at medical supply manufacturer Mallinckrodt Inc. in 1976. He became CEO of the company in 1992 and chairman in 1994. Holman helped develop Mallinckrodt into a corporation that sold for $4.2 billion when acquired by Tyco in 2000. Throughout his career and in his retirement, Holman made significant donations to universities and charitable organizations. In April 2005, Holman made a gift of $100,000 to the college, with the proceeds used for an endowed scholarship as well as the college’s new building. In a statement about the scholarship fund for students with substantial financial need, Holman said, “Earning my undergraduate degree at MU was one of the most important developmental times of my life and provided a springboard for me to be successful in my career. I wanted to make a gift to provide resources for under-privileged students so they can become educated and increase their chances of enjoying the same kind of career success.” James A. McKinney (BS BA ’50) of Columbia, Mo., May 2006. Darold Dean Aldridge (MS ’55) of Chincoteague, Va., November 2005. Kenneth Wendell Pratte (BS BA ’50) of Chesterfield, Mo., July 2005. Gerald D. Rapp (BS BA ’55) of Brutus, Ohio, November 2005. Jewell A. Province (BS BA ’50) of Warrensburg, Mo., August 2005. William E. Reynolds (BS PA ’55) of Haymarket, Va., August 2005. Thomas Martin Pruitt (BS BA ’49, MA ’50) of Pilot Knob, Mo., December 2005. Lee Roy Shadrach (BS BA ’55) of O’Fallon, Mo., October 2005. William G. Ruble (BS BA ’50) of Baltimore, Md., July 2005. Leroy J. Taube (BS BA ’55) of Costa Mesa, Calif., May 2006. Robert Glenn Seay (BS BA ’50) of Metairie, La., April 2006. Ronald N. Frueh (BS BA ’56) of Chesterfield, Mo., December 2005. Robert F. Stockhausen (BS BA ’50) of Atlanta, Ga., September 2005. Richard Earl Oliver (BS BA ’56) of Columbia, Mo., March 2006. Don F. Truscott (BS BA ’50) of Sarasota, Fla., January 2006. A. Frederick Schult (BS BA ’56) of St. Paul, Minn., August 2005. Guy A. Wilson (BS BA ’50) of Laguna Woods, Calif., September 2005. Robert F. Nolte, Jr. (BS BA ’57) of Burlington, Iowa, November 2005. Herbert Stanley Wolf (BS BA ’50) of Cherry Hill, N.J., September 2005. Frank Lee Meeds (BS BA ’58) of Prairie Village, Kan., June 2006. Robert Carl Ebinger (BS BA ’51) of Ballwin, Mo., August 2005. S. Robert Eisen (BS BA ’58) of Shawnee Mission, Kan., March 2006. Richard R. Erbschloe, Ph.D. (MA ’51) of Colorado Springs, Colo., October 2005. Philip L. Ehrnman (BS BA ’59) of The Villages, Fla., September 2005. B. J. Isenhower (BS BA ’51) of Reeds Spring, Mo., November 2005. John Joseph Robbins (BS PA ’51) of Stuart, Fla., March 2006. James H. Johnson (BS BA ’52) of Independence, Mo., August 2005. John S. Schweitzer (BS BA ’52) of Overland Park, Kan., September 2006. John M. Tipping (BS BA ’52) of Onalaska, Wash., November 2005. Hartley G. Banks (BS BA ’54) Columbia, Mo., November 2005. Barry Hirsch (BS BA ’54) of New York, N.Y., July 2006 Herman H. Hoelzel, Jr. (BS PA ’54) of Prairie Village, Kan., August 2005. Clifford Frank Terry (BS BA ’54) of Fairfax, Va., August 2005. 38 MizzouBusiness ■ 2006 1960s Alois John Boes (BS BA ’60) of Chesterfield, Mo., October 2005. John Dillon (BS BA ’60) of Scottsdale, Ariz., April 2005. Robert Dean Moore (BS BA ’60) of Shawnee Mission, Kan., August 2005. Joseph M. Newlin (BS BA ’60, MS ’61) of Henderson, Nev., October 2005. David L. Poole (BS BA ’60) of Sun City, Ariz. John V. Garvey (BS BA ’61) of St. Joseph, Mo., September 2002. Clarence F. Reimer (BS BA ’61) of Overland Park, Kan., November 2005. Gerald Hansen (PhD ’62) of Rexburg, Idaho, July 2006. 1990s E. Allen Slusher III (BS ENGR ’64) of Columbia, Mo., October 2005 Former MU College of Business professor Allen Slusher passed away on Oct., 19, 2005 after an extended battle with Alzheimer’s. Slusher was a faculty member of the Department of Management for 20 years. He also held several administrative appointments, including serving as department chairman from 1984 to 1988 and associate dean of the college from 1990 to 1992. His distinguished career at MU concluded in 1995. “Those of us in the Management Department feel we lost a good friend” said Allen Bluedorn, Emma S. Hibbs Distinguished Professor of Management and Department of Management Chair after the passing of Slusher. “We feel we lost him twice: first when he retired due to Alzheimer’s, and again when he passed away. We have all missed him tremendously.” A Missouri native, Slusher earned a bachelor’s degree in chemical engineering from MU. He went on to earn his MBA from the University of MissouriKansas City in 1969 and his PhD from the University of Iowa in 1972. The family and friends of Allen Slusher have made a generous gift of $10,000 to endow the E. Allen Slusher Business Scholarship for Graduate International Studies. This scholarship is designed to allow graduate students to develop professionally through an international experience and share what they learn from the experience with their fellow College of Business students. Jack R. Leonard (BS BA ’62) of St. Louis, Mo., October 2005. Charles B. Burk (BS BA ’90) of St. Louis, November 2005. Jack Lilburn King (BS BA ’59, MS ’63) of Glendale, Ariz., September 2005. James Robert Latteman (MPA ’91) of Parkville, Mo., May 2006. Milton F. Morales (MS ’63) of Raymore, Mo., November 2005. Kimberly Marek Adam (BS Acc ’92) of Columbia, Mo., October 2005. C. Ray Holman (BS BA ’64) of St. Louis, Mo., November 2005. See this page. Douglas A. Hembrough (BS BA ’93) of Springfield, Ill., September 2005. Robert K. Scott (BS BA ’64) of Greer, S.C., June 2006. James Huesgen (MPA ’95) of Hartsburg, Mo., October 2005. Ben Riley (BS BA ’65) of Hallsville, Mo., August 2005. Roland P. Walker (BS BA ’61, JD ’65) of Hartsburg, Mo., November 2005. John Anthony Long (PhD ’67) of Lethbridge, Alberta, Canada, May 2006. 2000s Arin Marcos (BS BA ’06) of St. Charles, Mo., July 2005. Joseph L. Finkelstein (BS BA ’68) of Longwood, Fla., October 2005. Bernard Hale Zick (BS BA ’68) of Kingwood, Tex., July 2005. Gerald R. Krisch (BS BA ’69) of San Antonio, Tex., July 2005. Don F. Hoehle of Columbia, Mo., November 2005. 1970s Don Hoehle, former assistant dean for the College of Business and Public Administration, passed away November 12, 2005. Gary Burns (BS BA ’70) of Columbia, Mo., June 2006. Charles C. Statham (BS BA ’76) of Overland Park, Kan., October 2005. Robert E. Swearingen (MA ’76) of Columbia, Mo., April 2006. Mark A. Carlton (BS BA ’77) of Columbia, Mo., November 2005. Mary Beth Staponski (MS PA ’78) of Harrisburg, Mo., October 2005. 1980s Kathleen A. Moyer (MA ’85) of Columbia, Mo., August 2005. Timothy L. Baker (MBA ’87) of Burlington, Iowa, September 2005. Hoehle earned his bachelor’s degree from St. Louis University before making his way to MU where he held the positions of internal auditor, fiscal operations officer, and assistant dean. Even in his retirement in 1988, Hoehle was an active supporter of the college, often attending events such as the Staff Recognition Luncheon and the college’s Honors Luncheon. Hoehle was also a veteran of World War II, a member of the Military Order of the Purple Heart, and a lifetime member of VFW Post 280. Mark E. Coffman (BS BA ’87) of Kansas City, Mo., September 2005. MizzouBusiness ■ 2006 39 Strategic Development Board Directory The overall purpose of the Strategic Development Board (SDB) is to assist the dean in fulfilling the college’s mission. The SDB advises the college about business trends and academic activities, communicates with campus administrators and off-campus constituents to further the interests of the college, and assists with the college’s financial development efforts. Denny H. Alberts President and COO Crescent Real Estate Equities Ft. Worth, Texas Susan A. Cejka Managing Partner Grant Cooper & Associates St. Louis, Missouri Glenda D. Kemple President Kemple Capital, LLC Dallas, Texas Anne L. Raymond Managing Director Crow Holdings Dallas, Texas Ronald B. Ashworth President and CEO Sisters of Mercy Health System St. Louis, Missouri Ralph W. Clark Vice President (Retired) IBM Corp. Sanibel, Florida William A. Linnenbringer Senior Client Service Partner (Retired) PricewaterhouseCoopers, LLP St. Louis, Missouri Dan M. Schuppan President MBS Textbook Exchange Columbia, Missouri Malcolm (Mick) Aslin Director Marshall and Ilsley Corp. Leawood, Kansas Stuart L. Bascomb Chairman and CEO Amerisight, Inc. Chicago, Illinois Harry M. Cornell, Jr. Chairman Emeritus Leggett & Platt, Inc. Carthage, Missouri Harvey P. Eisen Chairman Bedford Oak Advisors, LLC Mt. Kisco, New York Cynthia J. Brinkley President AT&T– Missouri St. Louis, Missouri Stephen P. Ferris Professor of Finance, and Director Financial Research Institute MU College of Business Mark E. Burkhart President and CEO Colliers Turley Martin Tucker St. Louis, Missouri S. Leslie Flegel Chairman and CEO Source Interlink Companies Bonita Springs, Florida Jack E. Bush Chairman Raintree Partners Dallas, Texas P. Gregory Garrison Managing Director, U.S. Operations PricewaterhouseCoopers, LLP New York, New York Samuel A. Hamacher Executive Vice President Harbour Group Industries, Inc. St. Louis, Missouri William G. Little President Quam-Nichols Co. Chicago, Illinois Chad M. Smith Senior Managing Director Bear Stearns and Company Chicago, Illinois Mary Beth Marrs Assistant Dean MU College of Business Jeffrey E. Smith President Jeffrey E. Smith Companies Columbia, Missouri Duncan L. Matteson Chairman Matteson Realty Services, Inc. Redwood City, California Robert J. Trulaske, Jr. President True Manufacturing Co. O’Fallon, Missouri W. Mark Meierhoffer Senior Vice President (Retired) Rival, Inc. Leawood, Kansas Roger M. Vasey Executive Vice President (Retired) Merrill Lynch & Co., Inc. New York, New York David T. O’Neal, Jr. President First San Francisco Corp. Hillsborough, California Bruce J. Walker Dean MU College of Business Tom W. O’Neal Don O. Walsworth Executive Director, Advancement President and CEO MU College of Business Walsworth Publishing Co. Marceline, Missouri College Directory Bruce Walker, Dean...............................................................................................................................................573.882.6688 Kenneth Evans, Associate Dean............................................................................................................................. 573.882.1039 Mary Beth Marrs, Assistant Dean......................................................................................................................... 573.882.6350 Allen Bluedorn, Chair, Department of Management............................................................................................. 573.882.3089 Dan French, Chair, Department of Finance.......................................................................................................... 573.882.4300 Tom Howard, Director, School of Accountancy.................................................................................................... 573.882.3225 Srinivasan “Ratti” Ratneshwar, Chair, Department of Marketing......................................................................... 573.882.4829 Michael Christy, Director, MBA Program.............................................................................................................573.884.0700 Steve Ferris, Director, Financial Research Institute................................................................................................ 573.882.9905 Michael Holden, Director, Technology Services....................................................................................................573.884.6859 Loren Nikolai, Director, 150-Hour Accountancy Program.................................................................................... 573.882.2869 Tom O’Neal, Executive Director, Advancement....................................................................................................573.882.0865 Matt Reiske, Director, Career Services Office........................................................................................................573.882.6898 Jim Sharrock, Director, Undergraduate Advising...................................................................................................573.882.7073 Alan St. John, Director, Missouri Training Institute.............................................................................................573.882.2860 Doug Tarwater, Director, Administration.............................................................................................................573.882.7474 40 MizzouBusiness ■ 2006 Gifts to the MU College of Business make more than just headlines... They create opportunities for our students. rted for Students New Professional Development Program Sta ge’s major profes- fund the first part of the colle Gifts from William Caldwell of $1.9 million sional development initiative. ents’ Honor Alumnus Establishes Scholarship in Par allowing for an Y.D. and Gladys Adair Scholarship Fund, Doug and Kathy Adair established the to a College of Business student. annual $1,000 scholarship to be awarded rities Fund Vogel Gift Helps Launch Strategic Prio college ort Society with a gift that will help the Jeff and Julie Vogel joined the Davenp . ning lear lity qua to neurship education advance initiatives ranging from entrepre Smith Institute of Real Estate Established at MU Gifts from alumnus Jeffrey E. Smith with a total impact of more than $3 million establish endowment enabling the ins ed an titute to become a permanen t part of the college. New Leadership P rogram Started The additional with a Gift from gifts of more th the Cornells an $4 million fr new leadership o program for st udents and enh m Harry and Ann Cornell are funding a ancements to C ornell Hall. The financial support of our alumni advances the MU College of Business toward its vision of becoming a top 20 public business school. Gifts like those noted here have already enabled major initiatives within the college. Donations of all levels support broader opportunities for our students. Find out how you can make a difference during the For All We Call Mizzou campaign. Call our Advancement Office at 573.882.6768 or e-mail [email protected]. What’s inside M i z z o uBusi n e s s Davenport Society Update.............. Page 15 Student News Section...................... Page 19 Alumni News Section....................... Page 30 Non-Profit U.S. Postage 408 Cornell Hall Columbia, MO 65211-2600 PAID University of Missouri