FISHER NEWS February 23, 2007
  In this issue

Yoonhee Ha named USA TODAY academic all-star

Help Wanted: Price not looking for a job, needs employees

Hills finds technology gap between U.S., Namibian college students shrinking

CFO Summit addresses changing roles of accounting and financial officers

Fisher teams taking on
case competitions


Fisher People: Linda Miller











Max M. Fisher College of Business > The Ohio State University Fisher College of Business
Yoonhee Ha named USA TODAY
academic all-star

Yoonhee Ha
Yoonhee Patricia Ha, a senior double majoring in finance and microbiology, has been named to the 2007 All-USA College Academic First Team, USA TODAY's recognition program for outstanding undergraduates.

She is one of 20 students selected from more than 600 nominees from across the nation and was featured in the Feb. 15 edition of USA Today and online at www.allstars.usatoday.com. The students will receive a $2,500 cash award. The team of 20 was selected by a panel of judges that considered grades, leadership, activities and, most importantly, how students extend their intellectual talents beyond the classroom.

This is the first time in OSU history that a student has been named to the All-American academic first team. Ha also is the first student in OSU history to have won both the Marshall and Truman scholarships.


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Help Wanted: Price not looking
for a job, needs employees


Devin Price, a second-year MBA and MLHR student, has turned to Fisher’s Career Services office to help identify job candidates for his company, Cagenics.


Typically, the objective for most students pursuing a college degree is to find a great job. But in Devin Price’s case, it’s just the opposite. He not only has a great job he loves, but he has positions to offer to prospective employees.

Price, a second-year MBA student who is also pursuing a degree in MLHR, works full-time running a company he co-founded with his business partner, Andrew E. Cameron, a former health care finance professor at Ohio State.

His company, Cagenics, specializes in health-care financial management, which includes providing financial assessments, benchmarking, dashboard and best practices for hospitals and health systems.

“We are growing rapidly now, so we are looking to hire people,” said Price, who has turned to Fisher’s Career Services office to help identify job candidates for the company.

“We are currently doing a financial assessment of the hospitals in the HUD 242 program,” said Price, referring to the Federal Housing Administration program that helps hospitals attain capital financing for construction projects.

Despite a burgeoning new business, Price said he needs to finish his graduate education. Fisher was the only business school he considered. It didn’t hurt that Price has a long family heritage at OSU that began with his grandmother, who attended back in the 1930s and was friends with track legend Jesse Owens.

The MBA degree, he said, will ensure his own professional success as well as his company. Right now, he is finding his classroom and textbook lessons often get real-time application.

“As I’m learning new things, I can actually apply it to what I’m doing now,” he said. “That has made my MBA experience a lot better.” Jay Dial’s strategy course and a pricing course taught by Larry Robinson helped Price acquire new expertise.

In part, his entrepreneurial acumen was developed under the aegis of his father, Corbett A. Price, founder and chairman of Kurron. The elder Price serves on the Dean’s Advisory Council.

Kurron, where Devin worked after attaining his bachelor’s degree from University of Rhode Island, specializes in restructuring and managing health-care companies. Price said that experience spurred him to start his own business.

Juggling school and work doesn’t appear to be too much of a problem for Price. “I was a college athlete as an undergrad. I learned how to balance academics and athletics. I’ve always been a multi-tasker, so all of those experiences help.”

He added, “I love what I do. I don’t view it as work.”

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Scholar Spotlight

Hills finds technology gap between U.S., Namibian college students shrinking


Professor Stephen Hills meets students, who are heading home, at the Namibia-Zambia border crossing.


When Fisher Professor Stephen Hills arrived in Namibia to spend a year as a Fulbright Scholar, one of the most striking things he discovered was the use of new technology by students who couldn’t afford to purchase textbooks for his class.

With textbooks largely unavailable because of slow shipments or high prices, students at the University of Namibia often utilized USB flash drives to download Hills’ lecture notes from his personal laptop computer.

Professor Hills will discuss the opportunities and challenges in Namibia during CIBER's Distinguished International Speaker Series lunch from 12:30 – 1:30 p.m. on March 7 in 318 Gerlach Hall.

Hills, associate professor of management and human resources and academic director of the Center for Business Education and Research, taught international business and labor relations courses at the university in the African country. Although Namibia might be classified as a developing country, Hills said the innovative use of technologies such as cell phones and flash drives can help accelerate the economic growth of the nation.

Innovative use of products has the potential to make an impact in developed countries, which could narrow the divide between rich and poor nations, Hills said. The mass produced, cheaper information technologies are transforming businesses in poor countries in vastly different ways than in the United States. Read More»

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CFO Summit addresses changing roles of accounting and financial officers


Fisher MBA alumnus, K. R. Kent, vice chairman and chief financial officer of Ford Motor Credit Co., makes a point during the panel discussion at the annual CFO Summit.


While the buck stops at the executive suite, panelists at the CFO Summit told more than 70 Fisher students and other guests that all levels of finance and accounting organizations shoulder the responsibilities for accurate financial reporting.

The Feb. 9 event featured William Gradison, a founding member of the Public Company Accounting Oversight Board (PCAOB), as the keynote speaker. The summit is the flagship event for the MBA Finance Association, and was co-sponsored by Accounting and MIS and the MBA program.

During his remarks, Gradison discussed how the growth of public companies, Wall Street demands to “hit the numbers” and the rise of institutional investors all were among contributing factors that set the stage for the lapses in financial reporting. Gradison discussed the changing roles of corporate auditors, accountants and financial officers in the new climate of oversight and under Sarbanes-Oxley act.

The panel of CFOs all indicated that they feel the pressure of the heightened scrutiny. “We have lost some great candidates for jobs because of the overwhelming responsibilities,” said Fisher MBA alumnus, K. R. Kent, vice chairman and chief financial officer of Ford Motor Credit Co. Due to the recent accounting scandals, Ron Boster, PCAOB special advisor said that organizations’ finance positions have been unfairly cast as “dirty jobs and clean-up roles.” However, Kent concluded: “It’s not the crappiest job.”

Along with Kent and Boster, other panelists included Cheryl Nelson, CFO of the United Way of Central Ohio, and Donald G. Barger Jr., senior vice president and chief financial officer YRC Worldwide, Inc. New York Times columnist, Floyd Norris, moderated the panel.


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Fisher teams taking on case competitions
Teams of Fisher students are feverously preparing for upcoming case competitions, while an undergrad squad made a strong showing against teams from around the world.

Denis Tolkachev, Xiao Sun, Eric Corl and Nellie Debbeler took third place at the Marshall International Case Competition last week. The competition that was hosted by the University of Southern California's Marshall School of Business featured 29 teams, including 15 international squads.

Meanwhile several teams have been set for upcoming competitions. First-year MBA students Tony Obergefell, Lisa Scheiring, Natalie Siston and David Smith will represent Fisher at the 15th annual Big Ten Case Competition held here April 12-14.

Another group of first-year MBAs consisting of Christina Deitch, Iliana Filyanova, Ryan Jackson and Jamie Levine will carry the Fisher banner at the CIBER Case Competition on March 2-3 in Kansas.

A team of graduate and undergraduate students are in the midst of unraveling real-life audits for the KPMG Audit Case Study Competition.

MAcc student Jered Green, combined program MAcc student Danielle Kimmet and undergraduates Grant Schneider and Julie Ahlberg will use a Web-based application designed by KPMG International’s Global Services Centre to simulate a series of interactions between a KPMG audit partner and members of the student audit team. Partner mentor videos, audio, PowerPoint slides and simulated emails will be used to provide background information and instructions for the required audit activities.

Five finalist teams will be invited to New York City on April 16 to make presentations and answer questions posed by a panel of judges that will include scholars, audit committee members and KPMG partners.


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Fisher People: Linda Miller
 
Title: Coordinator of Business Scheduling Activities

Hobbies: Travel with family and friends, ride open roads by motorcycle with my husband, Jon. Future desires - visit Egypt, Bora Bora and Paris with Jon and our daughter, Karin.

FisherLure: "The problem solving challenges in my job - I take extra steps to find adequate classroom space in Schoenbaum Hall for our instructors, our student organizations and others. Being able to fit over 90 percent of our undergraduate sections into the building each quarter is an accomplishment I find rewarding and appreciated by our faculty and students. I enjoy working with our departmental administrative assistants and faculty. "


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Calendar of Events

Feb. 26
Representatives from WrightChoice will speak at the Hispanic Business Student Association meeting at 7:30 p.m. in 220 Schoenbaum Hall. More information is available online at hbsa.org.ohio-state.edu.

Feb. 27
The Accounting Association will host a “Night with Corporate America” at The OSU Faculty Club. More information is available online at student.cob.ohio-state.edu.

Jon Iveson, founder of the Buckeye Gazelles entrepreneurship group and Michael Camp, academic director of the Center for Entrepreneurship, will help launch the Entrepreneurship Week USA Innovation Challenge Kickoff at 7:30 p.m. in 230 Schoenbaum Hall. More information is available online at www. businessbuildersclub.org.

Lindsay Pearson of CH Robinson will discus third party logistics at the Transportation and Logistics Association meeting. Pizza will be served at 7 p.m. in 209 Schoenbaum Hall and the meeting will start at 7:30 p.m. in 215 Schoenbaum Hall. More information is available online at www.osutla.com.

FisherServes will host a town hall meeting from 12:30 to 1:30 p.m. in 305 Gerlach Hall. Topics discussed will be the charitable effect of the Fisher 5K race, upcoming volunteer opportunities and flagship events for the year. More information is available online at fisherrsvp.student-hub.com.

Mike Swartzlander, Ashland Inc. vice president of performance materials and general manager of castings solutions, will speak at the International Business Club meeting from 12:30 to 1:30 p.m. in 265 Gerlach Hall. More information is available online at fisherrsvp.student-hub.com.

March 2
The third Annual Women in Leadership Summit with keynote speaker Dr. Lisa Williams, president and CEO of Williams Research Inc., will be held from 8 a.m. to 1:30 p.m. in 375 Gerlach Hall. More information is available online at fisherrsvp .student-hub.com.

The annual Fisher Follies Auction will be held from 7:30 to 11:30 p.m. in the clubhouse dining room of The Ohio State University Golf Club. More information is available online at fisherrsvp.student-hub.com.

News Briefs

Harrison addresses National Guard soldiers
David E. Harrison,
director of the Office of Minority Student Services, was the guest speaker for a Black History Month celebration at an area Ohio Army and Air National Guard Armory.

Harrison spoke to approximately 250 soldiers, airmen, federal, state and civilian employees at Beightler Armory in Worthington, about his background and experience in minority affairs, diversity and the military.

PwC launches service initiative to help rebuild New Orleans school
PricewaterhouseCoopers: Project New Orleans will give one Ohio State student an opportunity to help rebuild a school that was lost to Hurricane Katrina.

The company will select one OSU student to join students from other universities, PwC staff and partners to go down for an all expense paid trip to New Orleans in June.

To register to be a part of the team, please visit www.pwc.com/neworleans before March 31. The drawing will be held in early April. The all expense paid project will take place June 19-21, 2007.

News Briefs

Andrew Karolyi, professor of finance, was quoted in the Feb. 8 edition of TIME Magazine on the outlook of American markets for new initial public offerings from foreign corporations.

Karolyi told the magazine that U.S. stock markets can still attract more money and investors because of the strict rules and scrutiny corporations must comply with to be listed.

Anthony Sanders, professor of finance, was quoted in a Feb. 12 Bloomberg wire story on Merrill Lynch’s effort to capture a dominant share of trading in bonds backed by home loans.

Sanders told the news service that this is the best time to get into the housing market to become a big moneymaker when the housing market rebounds.

Peter Ward, Management Sciences chair, was quoted in a Feb. 19 Associated Press article on the effect of Ohio tax changes intended to revive the state’s economy.

Ward told the wire service smaller companies can benefit from tax credits that will allow them to take pieces of a larger defunct factory for use in new facilities.


 

Fisher News is published bi-weekly throughout the academic year. 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 p.m. the Friday before the upcoming issue.

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