April 13, 2005   Finance Professor Cited in Banking Committee Discussion MBA Student Part of Winning Case Competition Team Raimondo to Discuss Views on Leadership Big Ten Case Competition Taking Place This Week Volunteers Needed for CIBER Case Challenge Tax Facts Put April 15th Into Perspective Finance Professor Cited in Banking Committee Discussion The U.S. Senate Banking Committee recently held a second hearing on reforming the regulatory system for Fannie Mae, Freddie Mac and the Federal Home Loan Bank. The committee is examining what type of government regulation, if any, should be in place. Although no recommendation has been established by the committee, Finance Professor Tony Sanders’ research was cited in a debate between Alan Greenspan, the chairman of the Board of Governors of the Federal Reserve Board, and U.S. Senator Charles E. Schumer (D-NY). Senator Schumer said, “First, I'd ask unanimous consent to submit to the record several other studies which greatly differ with the federal study on the amount that the government guarantee does...Tony Sanders, who testified at this committee-- and most of the economists agreed with him-- ... had four times the amount the Fed has. There's a Congressional Budget Office study -- no one can question their value -- which comes out about the same place that Sanders did.” In his written testimony, Sanders stated that the benefit of GSEs outweighs the cost. In addition to providing education on mortgages and the importance of credit, the organizations lower mortgage interest rates by an average of 28 basis points. For more information on Sanders' prior testimony, click here. Back to Top MBA Student Part of Winning Case Competition Team First-year MBA student Carmen Chirita was part of the winning team at the 2005 Simon Marketing Case Competition, which took place April 8-9 at the Simon Graduate School of Business Administration, University of Rochester. In the case competition, teams of five were selected at random from different business schools. Chirita’s teammates included Adrian Luh, Purdue University; Jane Merten, University of Iowa; David Nelson, Georgia Institute of Technology; and Matt Rice, University of Rochester. The teams worked on a business case involving Fisher-Price, the sponsor of the competition. After being presented with the case, the teams had 5 hours to develop a marketing plan, followed by a 10-minute presentation and five-minute Q&A session. Seventeen universities participated, including MIT, Columbia University, New York University and Carnegie-Mellon University. The panel of judges included representatives from Fisher-Price, the Simon School and a representative of a local marketing firm. The five winning team members were each awarded $1,000. Back to Top Raimondo to Discuss Views on Leadership Tony Raimondo, chairman and CEO of Behlen Manufacturing Company, will speak on Friday, April 15 at 8:30 a.m. as part of the Sander Flaum Speaker Series. Raimondo joined the company as general manager for Wickes Corporation in 1982. He led the efforts to complete a successful management buy-out in 1984 as Behlen experienced major losses due to market changes and Wickes emerged from Chapter 11. Back to Top Big Ten Case Competition Taking Place This Week Fisher College will host the 13th Annual Big Ten Case Competition from April 14-16 in Gerlach Hall. A welcome reception will kick off the event on Thursday at 7 p.m. and on Friday morning the teams will receive the case information. The teams will have until Saturday morning to prepare their case to present to the judges. A second round will take place between the top three teams on Saturday afternoon, with the awards ceremony taking place at 4:15 p.m. The Fisher College team includes Ray Vargas, Matt Eisenacher, David Friedrich and Shibani Potnis. Other participating Big Ten schools are: Illinois, Indiana, Iowa, Michigan, Michigan State, Minnesota, Northwestern, Penn State, Purdue, and Wisconsin. Back to Top Volunteers Needed for CIBER Case Challenge The International Programs Office is recruiting undergraduate students for its second annual International CIBER Case Challenge October 25-29. Volunteers are needed to help with publicity, technology, greeting teams and day-of activities. In addition, two co-chairs will be selected to lead the teams of volunteers. An information session is scheduled for 12:30 p.m. on Thursday, April 28 in 319 Schoenbaum Hall. Pizza and beverages will be provided. To register for the information session, click here. For more information about the CIBER Case Challenge, click here. Back to Top Tax Facts Put April 15th Into Perspective Although people have been paying taxes for more than 2,000 years, April 15th still comes to many as an annual shock. Tax expert and accounting senior lecturer William A. Raabe compiled a list of facts about the 2004 tax season to help filers keep everything in perspective: • The average refund received by a taxpayer filing a 2003 return was about $2,125. Refund payments for 2003 Forms 1040 came to more than $200 billion. • The Internal Revenue Code is now 3.5 million words long, and the Regulations require another 8 million words. Combined, these documents are 12 times the length of Shakespeare’s combined works, and 15 times the length of the King James Bible. • In filing federal income tax returns, almost 56% of all taxpayers employ a professional tax preparer. This is about a 10% increase in the last decade. The average taxpayer pays about $130 to have the Form 1040 prepared in this manner. • For 2003 returns, the IRS received about 18 million Forms 1040EZ, and about 24 million Forms 1040A.More » Back to Top Everyone April 17, 2005 Fisher 5K Undergraduate Students April 22, 2005 The "You Can Go Global!" event for Ohio State minority students will take place at 9 a.m. in 140 Pfahl Hall. To RSVP, click here. Graduate Students April 14-16, 2005 Big Ten Case Competition April 15, 2005 Tony Raimondo Faculty/Staff/PhD April 15, 2005 Malcolm Baker, professor at Harvard Business School, will present his paper titled, "Corporate Financing Decisions When Investors Take the Path of Least Resistance" as part of the Stephen A. Buser Colloquium Series in Financial Economics at 10:30 a.m. in 800 Fisher Hall. April 15, 2005 Joseph Weber, professor at the Massachusetts Institute of Technology, will present his paper titled, "Redacted Disclosures," as part of the Thomas J. Burns Research Colloquium at 3 p.m. in 400A Fisher Hall. April 18, 2005 Cable Green, director of technology at the Ohio Learning Network, will make a presentation on concept mapping on Monday, April 18 at 10:30 a.m. in Fisher Hall Room 500A as part of the Marketing and Logistics Research Colloquium. Cullman Symposium The twelfth biennial W. Arthur Cullman Symposium will take place May 26-27 in the Blackwell Hotel. This year, the symposium focuses on "Competing through Service," which examines the growing dominance of the services industry and how top-performing organizations compete through the strategic use of service. Speakers include Les Wexner, chairman and CEO, Limited Brands; Richard D. Wood, chairman, Wawa, Inc. and Ann Rhodes, president, People Ink. For a complete list of panels and speakers, click here. A limited number of spaces are available for Fisher College faculty - contact Ann Ramsey to register. Sander Flaum Speaker Series Larry Hilsheimer, managing partner, Deloitte and Touche, will speak on Friday, April 22 at 8:30 a.m. as part of the Sander Flaum Speaker Series. Fisher 5K The second annual Fisher 5K and One-Mile Fun Walk will take place on Sunday, April 17. All proceeds benefit Children's Hunger Alliance. The competitive race begins at 11:15 a.m. on the Fisher College of Business campus; the Fun Walk begins at 11:20 a.m. A family cookout immediately follows the race. The cost is $20. The race is open to the public. For more information, visit www.fisher5k.org. Media Hits Professor of Management and Human Resources Raymond Noe was quoted in an April 8 Business First article titled "Follow the Leaders." Accounting Senior Lecturer Bill Raabe was quoted in an April 10 Columbus Dispatch article titled "Tax Plan's Economic Effects Hard to Forecast." Undergraduate accounting major Adam Pohlman and Office of Career Services Director of Recruiter Relations Mark Wilson were quoted in an April 12 article titled "New Grads in Demand These Days." Management and Human Resources Professor Oded Shenkar was quoted in an April 12 Slate article titled, "How to solve China's piracy problem." To submit story ideas, e-mail content and your contact information to fishernews@cob.osu.edu or use the online news submission form. The deadline for story submissions is 5 pm every Friday. Note: You are receiving this newsletter as a student, faculty or staff member of the Fisher College of Business. If you are receiving this e-mail in error, please send an e-mail to fishernews@cob.osu.edu