June 2004 Issue

Capitol Hill Hears Testimony at Pace
Turmoil on Wall Street
A Lubin Classic: 6th Annual Golf Outing
Trade in the Americas: An Automotive Perspective
Kessler Elected Head of EAM
Fulbright Awards
Stephen Blank Delivers Keynote
9/11 Research Receives "Best Paper" Award
Two Teams Are Better Than One
Beta Alpha Psi Scores
NABA First Place Again
PUMA at the Big Easy
Outstanding Students of the Class of 2004 Honored
Beta Gamma Sigma Honorees
Students Host Lubin Industry Conference
MBA Finance Major Honored by Financial Women's Association
Induction Highlights for Omicron Delta Epsilon



[Dr. Matthew R. Morey]
Matthew R. Morey
Capitol Hill Hears Testimony at Pace

Dr. Matthew R. Morey, associate professor of finance, gave testimony about his research on mutual funds on April 20, 2004, at the House Government Reform Committee Subcommittee on Government Efficiency and Financial Management, which was held at the Pace University downtown New York City campus. Click to read the Washington Post article on Professor Morey's new study of window dressing in bond funds, which was published by newspapers across the nation including the Contra Costa Times, Hartford Courant, Houston Chronicle, Omaha World-Herald, and Courier-Post (NJ). To find out more about Professor Morey's research and findings, click to read his paper or the March 22 Pace press release about his work.

Turmoil on Wall Street

[Wall Street]
Donald Kittell, executive vice president of the Securities Industry Association, spoke candidly with a group of Lubin faculty and administrators about the "Turmoil on Wall Street: What's Ahead for the Securities Industry" on April 15, 2004, at the Pace downtown New York City campus. The Freund Center for the Study of Securities Markets sponsored Kittell's discussion.

A graduate of Harvard Business School, Mr. Kittell is responsible for the Securities Industry Association's (SIA) Public Trust Confidence, Market Structure, and Technology and Operations activities, which includes the SIA's Straight-Through Processing and Business Continuity Planning Initiatives. The Securities Industry Association, the U.S. securities industry's trade group, brings together the shared interests of 700 securities firms, which account for approximately 90 percent of the U.S. securities revenues.

Some of Mr. Kittell's prior roles include chief administrative officer of S.G. Warburg & Company, CFO of Dean Witter Financial Services Group, and executive vice president in charge of trading services and finance of the New York Stock Exchange. Kittell was also with IBM Corporation for ten years, including five years in Paris with IBM Europe, working with IBM companies in France, Germany, the United Kingdom, and the USSR. Kittell has served as a director of the National Securities Clearing Corporation of the New York Futures Exchange. Currently he serves as a director of the Securities Industry Automation Corporation.

A Lubin Classic: 6th Annual Golf Outing

[Lubin Golf Outing]
Lubin Golf Outing
Although weather conditions were inclement, the sun came out midday for the 6th Annual Lubin School of Business Golf Classic at Wheatley Hills Golf Club in East Williston, NY, on June 1, 2004. DELL was once again the title sponsor. Other major sponsors included JPMorganChase, MIM Corporation, Consolidated Bus Transit, Inc., Deloitte, and Patti & Sons, Inc. This year's Golf Classic was, in fact, the most successful ever, both in terms of the number of participants, as well as the support raised for Lubin student leadership initiatives.

Participants in this year's event enjoyed a delicious brunch and an elegant cocktail reception hosted by Lubin Dean Arthur L. Centonze. MIM Corporation graciously sponsored the brunch, while JPMorganChase sponsored the cocktail reception. Golf Committee chair Jim Anziano '77, did a great job on a live auction and a very lively raffle drawing.

Mary Lieto, director of Purchasing at Pace, was the winner of the putting contest, and came very close to winning the $10,000 grand prize for the putting contest.

A large number of prizes were awarded individually to participants. Some of the raffle prizes included US Open tickets, NY Mets and Yankees tickets, a Tiffany watch, gift packages from Hearst Magazine, a Fuji digital camera, and two round-trip tickets to London on British Airways.

This year, once again, participants tried out their swing for a lease on a brand new Mercedes Benz if they could manage to get a hole-in-one. Unfortunately, there were no winners of the car, but all who attended the event had a great time. Click to view slideshow photos from the 2004 Golf Outing.

Trade in the Americas: An Automotive Perspective

[Michael A. Warren]
Michael A. Warren
Dr. Michael A. Warren, manager of the Latin American Research Group at Toyota Motor North America, delivered an At the Center presentation on April 14, 2004, sponsored by the Center for Global Finance in association with the Center for International Business Development.

Dr. Warren, who delivered his lecture, "Trade in the Americas: An Automotive Perspective," at the Pace downtown New York City campus, manages a four-person team in New York City that provides political economic forecasts to help determine regional automotive sales forecasts and analyzes the impact of trade agreements on vehicle sourcing in the region. Additionally, his team writes competitor intelligence reports that analyze the financial contribution and production sourcing activities of Toyota's key regional competitors.

Kessler Elected Head of EAM

[Eric H. Kessler]
Eric H. Kessler
Eric H. Kessler, an associate professor of management at the Lubin School, has been elected president of the Eastern Academy of Management (EAM). The EAM is the northeastern U.S. regional affiliate of the Academy of Management (AOM), the leading professional association for scholars in more than 80 countries. The AOM is dedicated to creating and disseminating knowledge about management and organizations. The EAM's membership includes management professors from more than 110 institutions. Kessler will be president elect from May 2004 to May 2005 and thereafter will serve as president of EAM until May 2006.

Kessler's current research focuses on decision making in organizations, particularly in the management of innovation and emerging technology. His scholarship has been widely published in leading journals and book series and he has won several outstanding paper awards.

As the director of the Lubin Leaders and Scholars Program, which provides outstanding BBA students with an enhanced and challenging academic experience to prepare them for careers of global leadership in business, Kessler has brought to campus such luminaries as legendary HP technologist Joel Birnbaum, AOM President Rosalie Tung, and the Shanghai Quartet, the world-renowned music ensemble. This year he will lead a group of Lubin Leaders students to Japan to study comparative leadership paradigms.

Fulbright Awards

[Marc Scheinman]
Marc Scheinman
Dr. Marc Scheinman, Marketing and International Business, is a Fulbright Senior Specialist at the Universidad Iberoamericana in Mexico City for June and July 2004. Dr. Scheinman will focus on Mexico’s role in the global automotive industry, delivering seminars to faculty, doctoral and MBA students, as well as supervising doctoral research on the automotive industry. Additionally, with support from a Mexican government-sponsored grant on the industry, Scheinman will provide talks to the TEC de Toluca’s new MBA program in Automotive Engineering.

The J. William Fulbright Foreign Scholarship Board recently announced that Dr. Stephen Blank, Management and International Business, is the Fulbright/University of Montreal Chair in American Political and Economic Studies for the 2004-2005 academic year. Dr. Blank will be teaching on the University of Montreal, Canada, campus for the coming year.

[Dr. Stephen Blank]
Stephen Blank
The University of Montreal and the Canada-US Fulbright Program joined to establish a series of Visiting Research Chairs in the Centre for International Study and Research (CERIUM). The Visiting Chairs will strengthen the collaboration between faculty at the University of Montreal and faculty at universities in the United States. Dr. Blank will focus on North American economic integration, specifically on cross-border organizations that contribute to building the North American infrastructure. Blank is the director of the PanAmerican Partnership, a consortium of four NAFTA-country schools: the Lubin School of Business; École des Hautes Études Commerciale de Montréal, Montréal, Quebec, Canada; Dalhousie University, Halifax, Nova Scotia, Canada; and Instituto Tecnológico y de Estudio Superiores de Monterrey, Nuevo Leon, Mexico.

Stephen Blank Delivers Keynote

On May 11th, 2004, Dr. Stephen Blank, professor of Management and International Business, was the keynote speaker at the Regional Averell Harriman International Trade Awards in Tarrytown, New York. Dr. Blank discussed "North America: The New Frontier of International Business." The Westchester County Association Inc. was host to this year's awards ceremony.

[Dr. Claudia Green]
Claudia Green
9/11 Research Receives "Best Paper" Award

Dr. Claudia Green, associate professor of management and director of the Hotel Management Program, and co-authors P. Bartholomew and S. Murrman, are receiving the Best Paper Award in July 2004 at the International Conference on Hotel, Restaurant, and Institution Education for their research on the impact of 9/11 on the restaurant industry in Lower Manhattan. This research has been published in Safety and Security in Tourism: Relationships, Management, and Marketing, edited by C.M. Hall et al.(Binghamton, NY: Harworth Hospitality Press, 2003) and in the Journal of Travel and Tourism Marketing 15 (2/3:2003).

Two Teams Are Better Than One

[Lubin advertising teams]
NYC advertising team
Two Lubin teams competed in the mid-Atlantic district of the National Student Advertising Competition held in April 2004. Out of 22 NYC metropolitan area schools, the Pleasantville team placed third and the New York team placed 10th. They competed against top schools such as Penn State, Georgetown, George Washington, Ithaca College, Baruch, and Skidmore. This is the second year in a row that a Pace team has finished in the top five. For more information about the Pleasantville team, e-mail Kathy Winsted at kwinsted@pace.edu, and for the New York team, e-mail Paul Kurnit at pkurnit@pace.edu.

Beta Alpha Psi Scores

[Beta Alpha Psi]
Lubin's Iota Lamba chapter
On March 26-27, Beta Alpha Psi, the nationally recognized professional business and financial information fraternity, held its annual Atlantic Coast Regional meeting in Philadelphia, Pennsylvania, hosting 47 schools. The Pace chapter, Iota Lambda, scored several major successes at the conference. The chapter took first place in two out of the four competitions: Most Innovation in Chapter Programs and Best Paper Competition. Iota Lambda came in second place in the Most Informative Web site competition. The winning teams also received $1250 in award money and will go on to compete against all AACSB schools at the national meeting in August. Susanne O'Callaghan, associate professor of Accounting, is the faculty advisor. For more information, visit their home page webpage.pace.edu/betaalphapsi.

NABA First Place Again

[NABA]
The Pace University chapter of the National Association of Black Accountants (NABA) is the NABA Division II Champion for 2004. This is Pace's third year at the top of their division. Every quarter the students are required to submit a report on the activities in which the chapter hosted and participated. This report (Student Chapter Report and Evaluation Program - SCREP) is evaluated and points are awarded based on the quality of the programs hosted/participated in by each student chapter in the United States. The Pace chapter will be honored at the NABA National Convention to be held in Orlando, Florida, July 6 –10, 2004, and two members will receive all-expense paid trips to the Convention from the NABA National Office.

The chapter was also honored at the NABA New York Chapter's 24th Annual Scholarship Awards and Recognition Dinner on June 18, 2004, hosted by KPMG. Kelvin Joseph '01, served as NABA's NY chapter 1st vice president for 2004 and has been elected President of NABA NY for 2005. He is a senior auditor at Ernst & Young.

Insiah Villegas and FitzAnn Reid, two current Lubin accounting students, were two of the six 2004 scholarship winners honored at the Awards Dinner. Allan Rabinowitz, Faculty Advisor of the chapter, was honored as one of the Faculty Advisors that goes above and beyond his normal call of duty in assisting the chapter. Uso Fraser, president of the Pace chapter (2003 - 2004) and a 2004 graduate, was named one of the two NABA New York Students of the Year. Uso is also one of the nine Distinguished Collegians who will be honored at the NABA National Convention in July.

There are 134 NABA student chapters in the USA and 13 in New York. For more information, visit their home page at www.nabapace.org.


PUMA at the Big Easy

[PUMA]
PUMA students in New Orleans
Associate professor of marketing Dennis Sandler has reason to be proud of the efforts and achievements of the Pace University Marketing Association (PUMA). His team of students returned as winners from the 26th annual American Marketing Association (AMA) Collegiate Conference at The Hilton Riverside Hotel in New Orleans, Louisiana, from March 25 to 27, 2004.

PUMA won three awards during the conference, Outstanding Professional Development, Outstanding Communications, and Outstanding Membership Activities. They received the Professional Development award for programs specifically designed to advance the professional skill and development of their members. This award also reflects PUMA's hosting of the Tri-State Marketing conference here at Pace in December. The award for Outstanding Communications reflected their effective communications to their members, officers, college/university community, and other audiences throughout the academic year. Finally, the Outstanding Membership Activities honor was awarded for superior membership recruitment, membership retention, and membership involvement strategies and activities.

The AMA Collegiate Conference brought together over 1200 students and their faculty advisors from schools across America for three days of learning and networking. The AMA, one of the largest professional associations for marketers, has 38,000 members worldwide in every area of marketing.
[2004 Lubin Awards]

Outstanding Students of the Class of 2004 Honored

The outstanding graduates of the class of 2004, including Beta Gamma Sigma inductees, were recognized at ceremonies on the New York City campus on May 20, 2004, and on the Westchester campuses on May 21. Click to view the full list of award recipients.

[John Boyd]
John Boyd '76, honorary inductee of Beta Gamma Sigma
Beta Gamma Sigma Honorees

This year the Lubin chapter of Beta Gamma Sigma, under the leadership of faculty advisor Eric Kessler inducted 136 students at the Lubin Award Ceremonies on May 20 and May 21 at the New York City and Westchester campuses, respectively. The newly accepted members are all outstanding students of business and management. At the induction ceremony, the chapter honored John Boyd '76, president and CEO of EUR Systems and a member of the Lubin Advisory Board. All inductees receive the society's honor cords, pins, and, perhaps most importantly, receive lifetime educational and career benefits as well as networking opportunities.

[Lubin Industry Conference]
Lubin Industry Conference panelists
Students Host Lubin Industry Conference

The second annual Lubin Industry Conference was held on April 15, 2004, at the Pace New York City downtown campus. Among the companies represented were the Bank of New York, Credit Suisse First Boston, KPMG, Goldman Sachs, PWC, MIM Corporation, Archipelago, and IBM. Christine Chan, Lubin's Student Government Association president, deserves kudos for organizing this year's expanded conference with the collaboration of a number of student organizations. For more information, read the April 2004 Pace Press article "Lubin plans second industry conference."

MBA Finance Major Honored by Financial Women's Association

[Financial Women's Association]
Financial leaders (left to right) Lindsey DeNardo, Danielle Cheung, and Doreen Elliot Grosso congratulate scholarship recipients and event organizers Nana-Ama Kyerematen, Fay Yei, and Kerrie-Ann Williams
The Financial Women's Association (FWA) awards scholarships annually to a select group of young women finance majors in undergraduate and MBA programs at colleges in the metropolitan New York City area who demonstrate leadership and financial need. On April 21, Fay Yei, MBA '04, this year's winner from Lubin; Nana-Ama Kyerematen, winner in 2002–2003; and Kerri-Ann Williams, winner in 2001–2002, organized a successful FWA event at the Lubin School. More than 60 undergraduate and MBA students attended the program from local colleges and universities as well as a number of distinguished women financiers who are members of the association.

Prior to a panel discussion and networking reception, Yei welcomed the audience. She was honored for her academic and civic accomplishments during her years at Lubin.

"Building a Financial Career" panelists included Danielle Cheung, vice president and senior relationship manager, JPMorgan Chase; Lindsay DeNardo, research assistant, Fixed Income Strategy, UBS Financial Services; Suzanne DiSabato, senior financial analyst, Federal Reserve Bank of New York; Mary Ann Grossman, MidAtlantic regional account director, Thomson Financial; and Doreen Elliot Grosso, president of Change Creates Opportunity, Inc.

Induction Highlights for Omicron Delta Epsilon

[Omicron Delta Epsilon]
Michael Szenberg with two inductees
On April 29, 2004, Lubin's Alpha Rho chapter of Omicron Delta Epsilon, the premier honor society in economics in the United States, inducted 85 new members, both graduate and undergraduate students.

Michael Szenberg, chair of the department of finance and economics and faculty advisor for the chapter, who organized the society within the Lubin School of Business in 1983, says, "If you are ambitious and wish to do things, Omicron Delta Epsilon provides a place from which to spring forward."

The 2004 Alumni Excellence Award was presented to Lisa Jackson, BBA/MBA '99, auditing director of AXA Financial Group. Members of the society actively write book reviews published in scholarly journals, participate in discussions, meetings, and special projects, as well as present their research papers at a variety of professional conferences. This year, Hema Gajaraj, MBA '05, president of the society, presented a paper at the Eastern Economic Association meeting in Washington, D.C.