FISHER NEWS February 8, 2008
  In this issue

SEC deputy chief economist discusses impact of securities regulation with finance students

Top Ohio law firm selects Executive Education for leadership program

Karolyi cautions Ohio’s public retirement officials on hedge funds

Gee to speak at CIBER program on international business

Executive Education faculty member wins award

First-year case competition draws record number of participants

Fisher People: Lisa Gang




Max M. Fisher College of Business > The Ohio State University Fisher College of Business
SEC deputy chief economist discusses impact of securities regulation with finance students
Jonathan Sokobin, deputy chief economist for the Securities and Exchange Commission, discussed the economic drivers of securities regulation with Andrew Karolyi’s Security Markets and Investments classes on Feb. 6.

Sokobin, a 1984 Ohio State graduate, is actively involved in SEC rule-making and oversees many of their initiatives on global mutual recognition, foreign private issuers and investment company governance. During his visit to Fisher, he also met individually with finance and accounting faculty members and made a presentation to doctoral students.

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Top Ohio law firm selects Executive
Education for leadership program


Anthony J. Rucci, senior lecturer in the Department of Management, designed "The Bricker & Eckler Leadership Development Program" with the Executive Education custom program team.

Fisher’s Executive Education program was selected by Bricker & Eckler LLP to create an innovative lawyer training program called, “The Bricker & Eckler Leadership Development Program.”

The leadership program was the result of a broad strategic planning process at the firm. The partnership recognized a need for leadership development, according to an announcement made by the firm. Bricker connected with Executive Education to create a customized leadership development curriculum.

Anthony J. Rucci, senior lecturer in the Department of Management, designed the program with the Executive Education custom program team.

“From a leadership development perspective, law firms need training in very specific areas,” said Richard C. Simpson, managing partner at Bricker & Eckler. “Tony and his team understand this and tailored a program to meet our needs.”

Bricker & Eckler, one of Ohio’s leading law firms located in Columbus, Cleveland and Cincinnati-Dayton, selected 25 partners to participate in the inaugural program. The program includes 11 classroom sessions over the next six months. Individual coaching for participants coupled with development planning are an important component of the curriculum.

Fisher’s Executive Education’s Custom program works directly with companies and firms like Bricker & Eckler to customize content and format of programs to target different levels of employees. Customized programs create a think-tank environment within the company that increases knowledge and sparks creativity to address the unique business needs within that company.

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Karolyi cautions Ohio’s public retirement
officials on hedge funds


Andrew Karolyi, the Charles R. Webb Designated Professor of Finance, recently presented on the risks associated with hedge funds at the Ohio Forum on Public Retirement annual conference.

The performance of hedge funds as an investment strategy for retirement systems offers some great risks and the overall success of the strategy are far from assured, Andrew Karolyi told the attendees at an annual conference, Ohio Forum on Public Retirement. Karolyi, the Charles R. Webb Professor of Finance, told the officials that there is still little consensus among leading researchers on hedge fund performance evaluations.

The conference held Jan. 28-29 in Columbus brought together officials from Ohio’s state and public pensions, including directors, board members, senior officers and portfolio managers.

During his presentation, “Hedge Fund Performance: Fact or Fiction,” Karolyi explained while there has been spectacular growth in assets since 2000 and spectacular gains, there have been significant losses. Karolyi noted the downfall of the Amaranth fund, which experienced a dramatic $6 billion loss in September 2006.

“The hedge fund industry is very likely to underperform over the next 10 years compared to the last 10 years,” he said. “The dynamic market conditions and other systematic non-market risk exposures are always changing over time.”

The usual methods investors used for risk-adjusting with other investment vehicles do not work with hedge funds, he told the participants. With mutual fund strategies value can be computed daily using closing market prices. However, hedge funds, which include over-the-counter securities and derivatives, have no closing prices, Karolyi said. Hedge fund managers valuing securities are able to manipulate their returns and show lower risk.

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Gee to speak at CIBER program
on international business

The Center for International Business Education and Research’s TARGET program will host an event on Friday, Feb. 29 that will help prepare state and local companies for entering the global marketplace. The event will be held at the Blackwell Inn from 8-10:30 a.m.

TARGET, an acronym for To Aim and Realize Global Expansion Together, is a partnership between the business community, international trade experts and Fisher’s international business faculty and students.

E. Gordon Gee
Karen Hopper Wruck
Ohio State President E. Gordon Gee will give the keynote address. He will discuss the internalization of higher education and its impact on Ohio. Neeli Bendapudi, associate professor of marketing, and Mikelle Calhoun, visiting assistant professor of management and human resources, will also speak about international business. Calhoun will demonstrate a proprietary survey tool available to attendees that helps companies to determine their global-readiness.

Following the formal presentations, there will be a networking event during which graduate and PhD students with experience in international business will be available to speak with companies who are interested in international expansion.

Participating companies will also be provided with resumes of students with interests in international business. There will also be a number of resource tables staffed by international trade experts from various organizations including the U.S. Department of Commerce Commercial Service, the Ohio Department of Development’s International Trade Division, both co-sponsors of the event, and the Small Business Development Center.

To register for the event visit the CIBER Web site.

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Executive Education faculty member wins award
Jon York, a faculty member with Executive Education, was honored Friday, Feb. 1 in Austin, Texas as a winner of the Acton Foundation’s national award for Excellence in Entrepreneurship Education. York was nominated for the award by a Fisher EMBA student.

York was one of 27 teachers from across the country to win this year’s Excellence in Entrepreneurship Education Awards. York received a $1,000 award and trophy.

“We want to recognize outstanding teachers who inspire students to become principled entrepreneurs,” said Acton Foundation President Rick O’Donnell. “Principled entrepreneurs are the ones who build great and lasting companies and non-profits that create jobs, increase wealth and improve our society.”

The Acton Foundation for Entrepreneurial Excellence is a nonprofit organization established in 1997 to serve both teachers and aspiring entrepreneurs. The foundation trains and inspires master teachers, equipping them with the courses and learning tools they need to help aspiring entrepreneurs.


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First-year case competition draws
record number of participants

A record 30 teams competed in the Fisher First-Year MBA Case Competition to determine Fisher’s representatives at upcoming competitions.

The 30 teams were placed into six groups of five teams each, with the judges selecting a winning team from each of the six groups. Members of the winning teams included: Diego Benavente, Curtis Gutter, Vandana Rajakumar, Anthony Rudd, Carson Peterson, Jonathan Stone, Carla Williams, Michael Becher, Tim Horak, Kailas Joshi, Gunes Raack, Meaghan Bird, Megan Glenn, Sunil Kadiru, Arturo Schaerer, Austin Anderson, Sally Heckman, Greg Kullman, Lisa Newland, Chris Blanda, Cyrus Dioun, Ron Kamal and Raza Khan.

“All of these individuals earned the opportunity to be considered for spots on the Fisher teams for the Big Ten Case Competition and the CIBER Case Challenge this spring,” said Karen Hopper Wruck, associate dean for MBA programs. “After a great day of presentations, we know Fisher will be well represented throughout.”

Best question and answer awards were presented to Prashanth Subramanian, Stanley Upton, Dan Larsen, Lorraine Guzman, Travis Helm and Raza Khan. Best presenter awards were presented to Mandi Stowers, Dion Mancenido, Kimani Phifer, Elika Sadeghi, Katun (Aysu) Sermet, Ron Kamal and Elina Gurvits.

The competition also helped form the teams for two upcoming case competitions. Kimani Pfifer, Dan Larsen, Sally Heckman and Travis Helm will compete at the 16th annual Big Ten Case Competition held at Fisher on April 10-12. Vandana Rajakumar, Curtis Gutter, Lisa Newland and Carson Peterson will compete at the CIBER Case Competition at the University of Wisconsin on April 16-19.


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Fisher People: Lisa Gang
 
Title: Office Associate in the Department of Marketing and Logistics

Hobbies/interests: "I love to golf and spend time with my family. "

FisherLure: "I enjoy the opportunities I get to meet and work with interesting people here at Fisher. The professors, PhD students and staff I work with are like a family."




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Calendar of Events

Feb. 11
Scott Chapman, a portfolio manager at Berlin Financial and 2004 Fisher MBA graduate, will speak about investing in Chinese companies from 12:30 to 1:20 p.m. in 265 Gerlach Hall. Chapman recently visited several companies in China to research companies looking for foreign investment. More information is available online at the Leadership and Professional Development HUB.

Feb. 12
The Asian Business Student Association will host a representative from Wells Fargo at its weekly meeting at 7:30 p.m. in 205 Schoenbaum Hall. More information is available online at the Asian Business Student Association Web site.

Ryan P. Allis, co-founder and CEO of iContact, will speak at the Business Builders Club meeting at 7:30 p.m. in 330 Schoenbaum Hall. More information is available online at the Business Builders Web site.

Feb 13
Bob DiBiasio, vice president of public relations for the Cleveland Indians, will speak at the American Marketing Association meeting. Pizza will be served at 7 p.m. in 319 Schoenbaum Hall and the meeting will start at 7:30 p.m. in 320 Schoenbaum Hall. More information is available on the American Marketing Association Web site.

A representative from Nationwide Insurance will discuss its Information Technology Fast-Track Program at the Information Systems Association meeting at 7:30 p.m. in 205 Schoenbaum Hall. More information is available online at the ISA Web site.

The Undergraduate Finance Association will host a representative from Abbott Labs at its weekly meeting at 7:30 p.m. in 215 Schoenbaum Hall. More information is available on the Undergraduate Finance Association Web site.

Feb. 18
Tanny Crane, president and CEO of Crane Group, will be the featured speaker at the Cullman Executive Luncheon Series from 12:30 to 1:15 p.m. in 161 Gerlach Hall. More information is available online at Leadership and Professional Development HUB.

Feb. 19
The Accounting Association will host a representative from Procter & Gamble at its weekly meeting at 7:30 p.m. in 305 Schoenbaum Hall. More information is available online at the Accounting Association Web site.

The Asian Business Student Association will host a representative from Cardinal Health at its weekly meeting at 7:30 p.m. in 205 Schoenbaum Hall. More information is available online at the Asian Business Student Association Web site.

Feb. 20
Mark Quinlan, CEO of ReCasa Financial, will speak as a part of the Cullman Executive Lunch Series from 12:30 to 1:15 p.m. in 101 Gerlach Hall. More information is available online at the Leadership and Professional Development HUB.

John Hutchinson and Marc Blanchard of Owens Corning will discuss sourcing recycled resources and green energy at the Purchasing and Supply Management Association in 300 Schoenbaum Hall. More information is available on the PSMA Web site.

The Undergraduate Finance Association will host a representative from Citigroup at its weekly meeting at 7:30 p.m. in 215 Schoenbaum Hall. More information is available on the Undergraduate Finance Association Web site.

Kaira Rouda, president of HER Real Living, will speak at the Undergraduate Business Women’s Association meeting at 7:30 p.m. in 300 Schoenbaum Hall. More information is available at the UBWA Web site.

Feb. 21
David B. Fischer, president and chief operating officer of Greif Inc., will speak as a part of the Cullman Executive Lunch Series from 12:30 to 1:15 p.m. in 101 Gerlach Hall. More information is available online at the Leadership and Professional Development HUB.


News Briefs

Wheeler internship applications due Feb. 29
Applications for the Center for Entrepreneurship’s Thomas L. Wheeler Entrepreneurship Internship Award are due on Feb. 29. The program places top-level graduate and senior undergraduate students in local entrepreneurial companies.

Applications are available at the Center for Entrepreneurship Web site. Submit applications along with a resume to Center for Entrepreneurship, 256 Fisher Hall, 2100 Neil Ave., Columbus, Ohio 43210 or email your resume and application to ray.125@osu.edu. Contact Nancy Ray at 614-292-4085 for more information.

Student-faculty mixer
set for Feb. 12

The Undergraduate Business Council (UBC) will host the Student, Staff and Faculty Mixer from 5:30 to 7:30 p.m. on Feb. 12 in the Blackwell Ballrooms. The mixer is an opportunity for Fisher students to interact with faculty members in a casual setting. Dress is business casual.

The Undergraduate Teaching and Staff Service Awards will be presented by Interim Dean Stephen L. Mangum at the event.

To RSVP for the event, e-mail Matt Geiyer, the UBC executive vice president of student development.


News Briefs

W.C. Benton, Edwin D. Dodd Professor in Management, was quoted in a Jan. 30 Associated Press article on the impact alleged fraud by executives at National Century Financial Enterprises had on financing health care.

Benton told the news service that the alleged embezzlement of $1.9 billion could present major financial problems for small practices which don’t have extra cash available.

Karen Hopper Wruck, associate dean for MBA programs, was quoted in a Feb. 5 Associated Press article on the popularity of case competitions among business schools.

Wruck told the news service that case competitions provide realistic practice at presenting business plans under pressure.

William Raabe, senior accounting lecturer, explained the tax rebate that is a part of the economy stimulus plan during interview with WCMH NBC 4 on Jan. 29.

Raabe said the rebate is not a bonus check, but rather a prepayment on withholding taxes taken from paychecks and will impact next year’s tax return.

Jeff Rice, executive director of Career Services, was featured in a Feb. 6 article in The Daily Reporter on the demand for MBA graduates this year.

Rice told the paper despite recent economic struggles, about 60 to 70 percent of second-year MBA students have already accepted jobs. The figure is a 20 percent increase over most years.

The Student Investment Management class was featured in a Jan. 25 article on TheStreet.com.

The article profiled the long-term success the program has had in turning an initial investment of $5 million into a portfolio of nearly $24 million.

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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