FISHER NEWS May 4, 2007
  In this issue

Alutto named interim provost; Mangum named acting dean

Finance professors and alum study receiving worldwide media attention

OSU students win coveted international technology business competition

Women in Operations event hosts Toyota’s first female plant manager

Three students awarded scholarships from Shell Oil Co.

Battelle’s Kohrt to speak at Fisher Board Fellows Breakfast on May 11

Fisher People: Naveen Baddam

Max M. Fisher College of Business > The Ohio State University Fisher College of Business
Alutto named interim provost
Mangum named acting dean

Joseph A. Alutto
Ohio State President Karen A. Holbrook announced Monday that Fisher Dean Joseph A. Alutto, the John W. Berry Sr. Chair in Business, was selected to serve as interim executive vice president and provost. His appointment was approved by the Board of Trustees at its May 4 meeting. He will move to the position on July 1, when current Provost Barbara R. Snyder becomes president of Case Western Reserve University.

“I will certainly continue to keep track of college developments as I assume my new responsibilities,” said Alutto. He appointed Steve Mangum, senior associate dean for Academic Programs, acting dean effective July 1, 2007.

Steve Mangum
“We will be working together closely during the transition to ensure that we do not lose any momentum on college initiatives,” Alutto said in announcement to the Fisher community.

Mangum’s leadership will ensure continuity of the college’s key projects and overall mission. Mangum, who has been at Fisher since 1983, played a leading role in Fisher’s academic programs. Major academic program initiatives led by Mangum during the past five years included the development of an Executive MBA track, a Master of Accounting program, a master’s program in Business Logistics Engineering, an undergraduate business minor and extension of the Fisher undergraduate business degree and minor to students at Ohio State’s four regional campuses via distance learning technology.

As interim provost, Alutto will become the chief academic officer for the university. "We are fortunate to have a leader of Joe's experience step forward to help lead Ohio State's academic enterprise during this interim period," said President Holbrook. "Under his leadership, Fisher College has expanded and made significant improvements in rankings and a number of other indicators. I am confident that with his leadership, the momentum of our academic programs will continue to move forward."

"Joe is an accomplished scholar, teacher and administrator," said Snyder. "I know he will do a superb job as this institution's chief academic officer, and I look forward to working closely with him in order to make this transition as smooth as possible."

A leading authority on managerial behavior, Alutto, 65, has been a faculty member and administrator at Ohio State since 1991. He also serves as Executive Dean for the Professional Colleges, where he coordinates the activities of the Colleges of Education and Human Ecology, Engineering, Food, Agricultural and Environmental Sciences, Law and Social Work and represents the interests of those colleges in university-wide decision-making bodies.

Back to Top

Scholar Spotlight
Finance professors and alum study
receiving worldwide media attention

Andrew Karolyi, the Charles R. Webb Designated Professor of Finance, appeared on CNBC last week to discuss groundbreaking research he conducted with fellow finance professor René Stulz and Fisher alum Craig Doidge.

A new study by Fisher finance professors and an alumnus that indicates the American stock markets are still attracting foreign corporations since the introduction of the Sarbanes-Oxley Act has created a media stir in an already heated debate.

The research, co-authored by professors Andrew Karolyi and René Stulz along with Fisher alum and University of Toronto faculty member Craig Doidge, was first reported by The Wall Street Journal on April 27. The study determined American markets were not hampered by the regulatory restrictions as they battled London markets for foreign listings. They found that fewer foreign companies fit the traditional profile for American exchange listings.

In the early 1990s, Karolyi, Stulz and Doidge were among the first researchers to study the value-added foreign corporations’ gain by listing in the U.S. As leading experts on the topic, Stulz and Karolyi have received on-going media attention for their research. In the April 27 article, the Wall Street Journal credited the researchers as “pioneers” and “authorities on foreign-company listing decisions.”

The response from last month’s Wall Street Journal article led to a flurry of other inquiries, including interviews on CNBC and with British press. Another factor in the frenzied interest was the timing of the new study’s publication, which came at a critical point during policy discussions. The Securities and Exchange Commission is moving to revise Sarbanes-Oxley’s internal-audit guidelines to make it easier for foreign corporations to meet the U.S. accounting standards.

“There is a change in public policy at stake in all of this,” Karolyi said. “Ultimately what we have bucks most of the views out there on Sarbanes-Oxley. What our research showed is we haven’t seen much of a natural impact.”

The researchers examined thousands of companies listed on one or both markets in the United States or London from 1990 to 2005. The article is available for download on the Fisher page at

Back to Top

Ohio State students win coveted international technology business competition
A team of Ohio State graduate students offering a new approach to medical imaging for detecting breast cancer that would replace painful biopsies and the stress-inducing mammography won one of the nation’s most prestigious technology business start-up competitions, the 2007 Materials Research Society (MRS) Entrepreneurship Challenge.

Physics doctoral students Michael Hetzer and H. Lee Mosbacker; MBA student Erwin Grabisna and Lawrence Burr Zimmerman, a chemical engineering doctoral candidate, brought back the laser-etched crystal trophy and $3,000 grand prize award to Columbus. The team was mentored by Michael Camp, academic director of the Center for Entrepreneurship at Fisher.

The MRS Entrepreneurship Challenge is an international competition that pairs students and professional materials scientists and engineers with business school students to develop concepts for materials-based start-up companies. The final round of competition was held at the 2007 MRS Spring Meeting in San Francisco on April 10.

“This competition was highly competitive and it offered a great opportunity to showcase the entrepreneurial and scientific expertise at OSU,” Mosbacker said. “The networking alone was extremely valuable as we met investors, scientists, educators and entrepreneurs from around the world. We hope that our efforts will solidify future collaborations at OSU and help promote commercialization in central Ohio.”

The team presented a business plan for new medical imaging technology, Advanced Digital Imaging System. The system, still under research and development, would eventually have the capability of detecting cancer without painful compression that accompanies mammography, according to the team. The business case forecasts that the new technology could increase revenue streams for hospitals and clinics and reduce billions of dollars in biopsy costs and treatment for late stage cancer treatment for patients.

The technology utilizes an array sensor for medical imaging based on a spintronic functional polymer. It was developed by Arthur Epstein, Distinguished University Professor in the Department of Physics and the Department of Chemistry. Epstein’s technology was patented through the Office of Research’s Technology, Licensing and Commercialization (TLC) team and was made available by the office to the Center for Entrepreneurship. The Technology Entrepreneurship and Commercialization Academy also provided support to the students.

“This was an extraordinary win for Ohio State and an example of students leveraging research expertise and resources across Ohio State to develop a project that impressed international and national scientists and business executives,” Camp said.

The graduate students joined forces in Fisher’s Technology Entrepreneurship and Commercialization Academy, a graduate specialization program under the direction of Camp and the Center for Entrepreneurship.

There were two rounds in the competition that began with 18 teams last fall. Ohio State’s team was one of three universities selected for the final round based on their pitch presentations for materials-based technologies. Their presentations were evaluated by venture capitalists selected by the Society. Ohio State competed in the final round against teams from the University of Massachusetts Amherst and Rutgers University.

“This is an excellent team of students and entrepreneurs who identified a technology and came up with an exciting new paradigm and identified a business application that was in reach of realization,” Epstein said. “They chatted with me directly to understand the technology on a deeper level. They met with people at the Technology Licensing and Commercialization group and found out what would be the potential market.”

The team has also advanced to the final round of the 2007 Deloitte Business Plan Competition, co-sponsored by Fisher, to be held on May 11.

Back to Top

Women in Operations event hosts
Toyota’s first female plant manager

Cheryl Jones
Toyota’s first female executive and nationally recognized automotive industry executive will be the keynote speaker at the Women in Operations Excellence forum to be held at Fisher on May 22.

Cheryl Jones, vice president of manufacturing for Toyota in Kentucky, will discuss her career ascent, including her early work experience as a supermarket clerk juggling parenting responsibilities and pursuing a college education.

At Toyota U.S.A, she started out working on the assembly-line as the automaker’s first woman in the factory and eventually became the first female plant manager. Today, she is in charge of assembly, production control and organization development for the Japanese company. In 2005, the industry publication Automotive News recognized Jones in its listing of 100 Leading Women in North American Auto Industry.

Hosted by the Center for Operational Excellence at the college, the forum addresses opportunities and challenges women face in the male dominated operations field.

Back to Top

Three students awarded scholarships
from Shell Oil Co.

David Harrison, director of Fisher’s Minority Student Services (from left), with Shell Oil Company’s Minority Business Program scholarship winners, Joshua G. Lopez, Aishley Hassell, Shaun A. Russell and Shell recruiter E. Veronica Devonish at the scholarship luncheon last month.

Three Fisher students were recently awarded $5,000 in scholarships through Shell Oil Company’s Minority Business Program.

Joshua G. Lopez, a first-year Masters of Labor and Human Resources student, Aishley Hassell, a junior majoring in accounting, and Shaun A. Russell, a senior double-majoring in finance and accounting, were honored at the Shell Scholarship Luncheon on April 20 at the Blackwell Inn.

Lopez, of Columbus, was awarded a $2,000 scholarship. Hassell, of Lauderhill, Fla., and Russell, of Cincinnati, were each awarded $1,500 scholarships.

“The scholarships that Shell has graciously awarded to Fisher students serve a variety of purposes,” said David Harrison, director of Fisher’s Minority Student Services. “In addition to providing resources, opportunities, and encouragement for our students to reach their fullest potential, they also serve as a demonstration of commitment to the fact that equal opportunity and access in higher education is valued, recognized and sponsored by corporate America.”

The scholarships were open to undergraduate and graduate minority business students majoring in human resources, accounting, finance, transportation and logics or operations management.

Back to Top

Battelle's Kohrt to speak at the Fisher Board Fellows Breakfast on May 11
Dr. Carl F. Kohrt, president and chief executive officer of Battelle, will deliver a keynote address on developing the future of corporate social responsibility at the Fisher Board Fellows 2007 breakfast on May 11.

Battelle has become widely recognized for its commitment to corporate citizenship through programs in education, health, safety and the environment. The 7 a.m. breakfast will be held at the Blackwell. Fisher Board Fellows (FBF) will also award its inaugural Pay Forward Award at the event.

The FBF award recognizes a member of the community who is a steward of corporate social responsibility. The concept of Pay Forward, helping others attain future dreams, was popularized by the late OSU football coach Woody Hayes and adopted as a university-wide theme. Hayes, in turn, credited the writings of Ralph Waldo Emerson in developing his personal philosophy.

Founded in the summer of 2004 by Wake Norris (MBA 2006), Fisher Board Fellows is a student-run organization that brings together the Columbus community and select Fisher MBA candidates through placement of candidates on the boards of area non-profits as non-voting fellows for nine to eighteen month terms.

Back to Top

Fisher People: Naveen Baddam
Title: Advisor, Graduate Programs (PhD, MAcc, MLHR, MBLE)

Hobbies: Rock 'n’ Roll history and trivia, swimming and movies that make me laugh.

FisherLure: I like working at Fisher because of the work environment and interaction with students.

Back to Top
Calendar of Events

May 5
FisherServes will hold a volunteer day with Habitat for Humanity at the Build It Again Center, 3140 Westerville Road in Columbus from 10 a.m. to 4 p.m. More information is available online at

May 7
Koby Haber
, National Budget Director for Israel’s Ministry of Finance, will be speaking on the macroeconomic environment and foreign investment in Israel as part of International Programs' Distinguished International Speaker Series.

Haber was appointed as Israel’s youngest national budget director. Since his appointment three years ago, he has led the budget department’s 50 economists to implement economic reforms that encourage efficiency and competition in the Israeli market. He will speak during a lunch session from 12:30 to 1:20 p.m. in 315 Gerlach Hall. Reservations are required. More information is available online at

May 8
Amy Barnes
, a certified StrengthsQuest evaluator, will be discussing and helping Business Builders Club members evaluate their StrengthsQuest test results. The test is an assessment tool developed by the Gallup Organization evaluates the 34 most common traits found in leaders. The meeting will be held at 7:30 p.m. in 230 Schoenbaum Hall. More information is available at

Paul Bugenstein of Exel will speak at the Transportation and Logistics Association meeting. Pizza will be served in 209 Schoenbaum Hall at 7 p.m., the meeting will be held in 215 Schoenbaum Hall at 7:30 p.m. More information is available online at

May 10
The team of second-year MBA students that traveled to Ethiopia to help the country market agricultural goods on the world market as a part the Business Solution Teams course will give a presentation outlining their project from 12:30 to 1:18 p.m. in 265 Gerlach Hall. More information is available online at

May 11
The Undergraduate Business Women’s Association will be holding an executive leadership dinner at Smith & Wollensky in the Easton Towne Center. More information is available online at

May 14
Tom Monroe
will give a presentation on the Emerging Markets Field Study Course spring break trip to Delhi and Mumbai, India from 12:30 to 1:15 p.m. in 355 Gerlach Hall. Lunch will be provided and application process for the 2008 EMFS classes will open. More information is available online at

May 15
A representative from Cardinal Health will speak at the Accounting Association meeting at 7:30 p.m. in 305 Schoenbaum Hall. More information is available on line at

Associate Dean Karen Hopper Wruck will be the featured speaker at the Cullman Executive Lunch from 12:30 to 1:30 p.m. in 275 Gerlach Hall. More information is available online at

Mark Whittaker of FritoLay will speak at the Transportation and Logistics Association meeting. Pizza will be served in 209 Schoenbaum Hall at 7 p.m., the meeting will be held in 215 Schoenbaum Hall at 7:30 p.m. More information is available online at

May 16
A representative from the Columbus Dispatch will speak at the American Marketing Association meeting. Pizza will be served at 7 p.m. in 311 Schoenbaum Hall and the meeting will take place in 320 Schoenbaum Hall at 7:30 p.m. More information is available online at

Rahel Yirsaw will give a presentation on the Emerging Markets Field Study Course spring break trip to Buenos Aires, Argentina from 12:30 to 1:15 p.m. in 355 Gerlach Hall. Lunch will be provided and application process for the 2008 EMFS classes will open. More information is available online at

The spring networking event for first-year MBA students presented by Career Services will be held from 12:30 to 2 p.m. in meeting rooms 1,2 and 3 at the Recreation and Physical Activity Center (RPAC). The event is a chance for the students to meet and network with employers, alumni, past Pace Setter award recipients and faculty members. More information is available online at

May 17
The UTSAV 2007 Indian Cultural Festival will be held from 12:30 to 1:20 in front of Fisher Hall. The annual festival will feature Indian dancing and a fashion show. Indian food will be served following the festival.

News Briefs

Brock joins COE
Rachel Brock, a 1996 MLHR graduate, has been named Associate Director of the Center for Operational Excellence. Following her graduation, she worked in Nationwide Insurance’s systems training department where she developed and enhanced recruiting to retention programs for their systems staff of 800 employees. She was also a project leader for Web-based and vendor applications for the financial services company.

More recently, she worked for a radiology software company in Florida as a product administrator where she led initiatives to enhance their latest software products.

Leone appointed to Executive Committee
Robert Leone, the Berry Chair of New Technologies in Marketing, has been appointed to a two-year term on the college’s Executive Committee as an at-large faculty representative.

He will replace Oded Shenkar, Ford Motor Company Chair in Global Business Management, whose term will expire on June 30. Leone will join Anil Arya, John J. Gerlach Chair in Accounting, as the other at-large faculty representative on the board.

News Briefs

Marcus Sandver, professor of management and human resources, was quoted in an April 21 Columbus Dispatch article on a labor union’s effort to provide seven paid sick days to all of Ohio’s full-time workers.

Sandver told the paper the plan is worthwhile for humanitarians, but noted someone will have to pay for the guaranteed sick leave if the effort becomes law.

Dan Oglevee, a senior lecturer in finance, was quoted in an April 24 Columbus Dispatch article on a decrease in venture-capital investment in Ohio from 2005 to 2006.

Oglevee said not having capital available to companies makes it difficult for them to expand and often forces relocation to other areas of the country.

Fisher News is published bi-weekly throughout the academic year. To submit story ideas, e-mail content and your contact information to or use the online news submission form. The deadline for story submissions is 5 p.m. the Friday before the upcoming issue.

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