May 2009

From the May 2009 eLubin

Are We Ready for IFRS?
Executive Summit a Huge Success
Golf Classic Honors Tony Anzevino, BBA '86
Next EMBA Class August 2009
Shout Out To Entrepreneurs!
Faculty Bookshelf
Pace Advertising Club in Ad Olympics
Beta Alpha Psi Regional Competition
PUMA Scores at the Big Easy
Student Restaurant a Hit
Class of 2009 Receives Honors
Sixth Annual Business Plan Competition
MBA Students Place in Entrepreneurship Competition
Learning Sustainability in Brazil
Professor Surendra Kaushik Honored
Professor Emeritus Dick Turshen Passes Away
Annual Fund


Are We Ready for IFRS?
At the Third Annual Lubin Forum on Contemporary Accounting Issues on April 30, accounting firm leaders, standard-setters, and industry professionals agreed that it is not the job of accountants to promote and ensure economic stability. IFRS convergence and transparency for the investor were also major topics at the conference. "I think the SEC needs to do a very thorough study from a public policy point of view of the impacts on our financial system and our economy," said Bob Herz, chairman of FASB. "I am not clear that the public policy case has been made in this country yet for there to be an adoption type process." Read more including media coverage, view video clips, and see photos at pace.edu/lubin/accountingconference.
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  [Third Annual Lubin Forum on Contemporary Accounting Issues]
Keynote Speaker Robert Herz

Executive Summit a Huge Success]
Keynote Speaker Rick Braddock, CEO, FreshDirect
  Executive Summit a Huge Success
Senior executives and media moguls joined with leading academicians on May 8 to provide a cutting-edge perspective on 21st century marketing at the second Pace University sponsored industry conference, Executive Summit: Marketing and Technology - The Next Frontier. The event was hosted by Lubin's marketing department and sponsored by The Wall Street Journal, McGraw Hill, the Ad Club, and Pace University. Event attendees and speakers came from across the United States to participate in what is now scheduled to be an annual conference because of its overwhelming success.
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Golf Classic Honors Tony Anzevino, BBA '86
The 11th Annual Lubin School of Business Golf Classic was held at Wheatley Hills Golf Club in East Williston, Long Island, on May 26, 2009, and raised over $100,000. Ten undergraduate Lubin students received scholarships at the Classic. Anthony T. Anzevino, BBA '86, Audit Partner, KPMG New York Financial Services, received the Lubin Golf Classic Alumni Award. Over 100 golfers participated, including alumni and other friends of Lubin, and again the weather held for a great day on the links.
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  [Golf Classic is Great Success ]
Anthony T. Anzevino

[Next EMBA Class August 2009]   Next EMBA Class August 2009
There's no better time than now to get the MBA you've always wanted. If your schedule and location doesn't permit enrolling in the part-time MBA program at Pace, consider the Executive MBA Program's convenient 23-month format with quarterly weekend residencies augmented by online study. Visit www.pace.edu/emba or contact Jim Parker, EMBA Director, at (212) 618-6653 or jparker@pace.edu. The next Executive MBA class begins on August 15, 2009.
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Shout Out To Entrepreneurs!
In 2009 we are celebrating 30 years of the Entrepreneurship program at the Lubin School of Business. We want to hear from all our alumni entrepreneurs so we can get back to you about exciting events you may want to participate in. Please e-mail lubinentrepreneurs@pace.edu to get on our mailing list. Tell us about your business when you reply. We look forward to hearing from you!
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  [Shout Out To Entrepreneurs]

[Faculty Bookshelf]   Faculty Bookshelf
The book Cultural Mythology and Global Leadership by Eric Kessler, professor of management and Founding Director of the Business Honors Program at Pace University, and Diana J. Wong-MingJi, associate professor of Strategy and Entrepreneurship at Eastern Michigan University, has just been published. This ground-breaking book explains how deep-seated cultural mythologies shape contemporary global leaders and provide insights into navigating the dynamics and complexities in today's era of globalization.
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Pace Advertising Club in Ad Olympics
Pace University's New York City Advertising Team placed second out of a field of nine teams and the Pleasantville Ad Team placed second out of a field of ten teams in this year's American Advertising Federation's (AAF) National Student Advertising Competition (NSAC). The competition is the premier college advertising challenge, and is also referred to as the "Olympics of Advertising." It provides more than 3,000 college students with real-world experience by requiring a strategic advertising campaign for a corporate sponsor.
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  [Pace Advertising Club in Ad Olympics]
NYC Ad Team with faculty advisor Larry Chiagouris

[Beta Alpha Psi Regional Competition]   Beta Alpha Psi Regional Competition
Lubin's Iota Lambda chapter of Beta Alpha Psi, the national scholastic and professional organization for financial information students and professionals, competed in the Beta Alpha Psi Regional Conference Best Practices competitions. The chapter participated in three competitions and won prizes in two categories. Iota Lambda placed first in "Developing Life Skills: Helping Others Succeed," and second in "Service Learning: Using Your Skills to Help a Local Organization." The first-place winners will compete at the Annual National Conference in New York later this year.
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PUMA Scores at the Big Easy
The Pace University Marketing Association (PUMA) garnered a number of awards at the American Marketing Association Collegiate Conference in New Orleans in March. The New York chapter won three awards in the Chapter Award Competition, including Outstanding Chapter Planning. The Pleasantville chapter won an award for Outstanding Professional Development, as well as three awards for their chapter exhibit. The students also participated in the Chapter Exhibit session, where they created an exhibit depicting their activities during the year, which included hosting the Northeast Regional Conference.
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  [PUMA Scores at the Big Easy]

[Student Restaurant a Hit]   Student Restaurant a Hit
On April 30, Lubin students in MGT 309, Restaurant Management, under the leadership of Professor John Agnelli, changed the night culture on the New York City campus with the opening of Fusion, a student-operated restaurant. Fusion demonstrated that students can indeed take theory and put it into practice. The students developed the restaurant concept and used their entrepreneurial skills, working in collaboration with Lackmann Culinary Services to design a quality dining experience.
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Class of 2009 Receives Honors
Outstanding doctoral, master's, and baccalaureate students were honored in New York City and Westchester this month at the Lubin School's Awards and Beta Gamma Sigma Induction Ceremony. One hundred and two students were inducted into Beta Gamma Sigma, the preeminent international honor society in business. Joseph M. Pastore, Jr., PhD, professor emeritus in residence, management and management science, was honored as the Beta Gamma Sigma Pace chapter honoree in Westchester and Robert H. Power, MBA '93, vice president, Global Corporate Client Group, NYSE, was honored as the Beta Gamma Sigma Pace chapter honoree on the New York City campus.
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  [Class of 2009 Receives Honors]
Robert Power

[Sixth Annual Business Plan Competition]
Michael Bonavita
  Sixth Annual Business Plan Competition
Three individuals took home prizes for their winning business plans at the Sixth Annual Pace University Business Plan Competition. Winners included Michael Bonavita (first place for Cone Cibo), Rohit Phadtare (second place for StudentsGlobe), and Katie Ohsann,'09 (third place for Between Courses). This year's theme was "From Plan to Reality: What it Really Takes to Start A New Business." The Pace University Business Plan Competition is held to foster entrepreneurial spirit among students, promote practical business skills, and encourage the creation of new ventures. Plans may be submitted for commercial businesses as well as social ventures.
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MBA Students Place in Entrepreneurship Competition
On May 19, 2009, a team of Pace MBA students received the third place award in the nationally-recognized Baruch College & Merrill Lynch Invitational Entrepreneurship Competition. The team, consisting of Rohit Phadtare, Dhaval Desai, and Saurabh Nandwani, will receive $2,500 in addition to the opportunity to obtain additional seed money for their business plan, StudentsGlobe. The Baruch competition is national in scope and the Pace team competed against top MBA students in New York and experienced entrepreneurs and full-time business executives.
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  [MBA Students Place in Entrepreneurship Competition]
Rohit Phadtare

[Learning Sustainability in Brazil]
Lubin students learning about sugarcane production in Brazil
  Learning Sustainability in Brazil
A new buzzword that we now hear everyday is the term "sustainability." But what does that mean? In many business schools and businesses around the world, this is the new approach to business as usual. Being environmentally, socially, and economically responsible is being sustainable. Lubin students enrolled in an International Management Field Study course learned about sustainability first-hand from global benchmark businesses in Brazil. In March, 26 Lubin students traveled to Rio de Janeiro, Sao Paulo, Paraty, and Ilha Grande, Brazil, to learn about the important role of businesses in society.
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Professor Surendra Kaushik Honored
Surendra K. Kaushik, professor of finance and economics, was honored for establishing the Mrs. Helena Kaushik Women's College in India by the New Jersey Assembly on May 15. More than 600 students graduated from the college, which recently completed its 10th academic year. Honorable Assemblyman Upendra Chivukala, deputy speaker of the New Jersey Assembly, presented Kaushik with a proclamation during a fundraiser dinner at Royal Albert's Palace, New Jersey.
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  [Professor Surendra Kaushik Honored ]
Surendra Kaushik

[Professor Emeritus Dick Turshen Passes Away]
Dick Turshen 1926-2009
  Professor Emeritus Dick Turshen Passes Away
Richard (Dick) Turshen, PhD, former Lubin professor of marketing and member of the Board of the Academic Federal Credit Union, passed away on April 2. He began at Pace in 1967, retired in 1991, and continued to teach as a Professor Emeritus in Residence until 1998. He was the founding chair of the marketing department in Pleasantville from 1979 to 1990. He is survived by his wife Nadya, three sons, and their families.
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Annual Fund
For over 100 years, Pace has been the learning ground for professionals from all over the world. Since 1906, every year, thousands of alumni, faculty, staff, and students provide financial support to Pace University so that we may continue this mission and provide an outstanding educational experience to Pace students. Every gift greatly enhances the value and prestige of a Pace University Lubin School of Business degree. Please make your gift today at www.pace.edu/givetopace and don't forget to designate your gift to the Lubin School of Business.
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  [Annual Fund]