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Advertising Age: "So How Did That Super Bowl Rejection Affect GNC's Sales?"

04/19/2017

Advertising Age: "So How Did That Super Bowl Rejection Affect GNC's Sales?"

Fox Broadcasting's decision to kick GNC out of the Super Bowl is still smarting at the vitamin and supplement seller, which reported first-quarter earnings on Tuesday that were on the decline.

GNC had been hoping for a sales boost with the big game spot. But for the quarter ended March 31, the Pittsburgh-based brand's same-store sales fell 3.9%. Revenue for the period was $644.8 million, a 3.6% drop from the year-earlier period, while net income was $23.9 million, roughly half of what it had been in the first quarter of 2016. Even so, analysts were impressed that the company beat expectations.

Larry Chiagouris, a marketing professor at Pace University's Lubin School of Business, believes that GNC's loss would have been less had the retailer been allowed to air its Super Bowl ad as originally planned. The ad, with a pricetag near $5 million, was the highlight of the 82-year-old's rebranding campaign to combat slowing sales amid online and grocery store competition. The turnaround effort also included a store redesign and revamped, more clear-cut loyalty program with better pricing all under the One New GNC platform.

Yet six days before the Feb. 5 game, the NFL rejected GNC's 30-second spot because GNC sells some products containing two of the 162 substances banned by the league. Fox Broadcasting Co. had already approved the spot. At the time, GNC said it was planning to pursue legal action against the broadcaster, but the current status of such plans are unclear.

"For brands that have large advertising budgets, such as Budweiser or Coke, missing an opportunity to appear on the Super Bowl is not that much a loss," said Chiagouris, noting that the game could have exposed GNC, which does not have such a budget, to a large audience quickly. "Given it was planning to use the Super Bowl to relaunch its brand, there is no question in my mind that the GNC business results would have been better than what it reported had it been provided an opportunity to advertise during the game," he said.

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Houston Chronicle: "United CEO apologizes for infamous video before delving into Q1 financials"

04/19/2017

Houston Chronicle: "United CEO apologizes for infamous video before delving into Q1 financials"

CEO Oscar Munoz began United Airline's second-quarter earnings call with an apology for the now infamous incident where Dr. David Dao was violently dragged from a plane. Photo: Yi-Chin Lee, Staff

. . . Andrew Coggins Jr., a clinical professor of hospitality and tourism management at Pace University's Lubin School of Business, said the incident could cause a drop in bookings from Asian markets if United comes off as prejudiced against Asians.

"I won't say it's going to last forever, but I think it's going to have an impact at least in the short term," he said.

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Thirteenth Annual Pace Pitch Contest Presented by The Entrepreneurship Lab at Pace University’s Lubin School of Business

04/18/2017

Student entrepreneurs to deliver new business concept presentations to a distinguished panel of judges

New York, NY -- April 18, 2017 – Pace University’s Lubin School of Business will hold its thirteenth annual Pitch Contest <www.pace.edu/pitch> on Thursday, April 20, at the University’s lower Manhattan campus, east of City Hall and six blocks from Wall Street. The event is presented by Lubin’s state-of-the-art Entrepreneurship Lab (eLab) <www.elab.nyc>.

WHAT: The Pace Pitch Contest is based on the “elevator pitch” concept popular in the venture capital community. It is an extremely concise presentation of an entrepreneur’s idea, business model, marketing strategy, competitive analysis, and financial plan, which is delivered to potential investors. The premise is the presentation could be made in a few minutes should the entrepreneur spot a potential investor on an elevator and have the opportunity to pitch his or her idea during the brief ride.

WHO: Eight finalists have been selected to compete in the Pace Pitch Contest:

Atmosphere is a VR mobile application that will be used to improve the health and care of the elderly.

Fitness Dynasty is a subscription-based fitness club that serves its customers by allowing them to attend four different gyms and experience different workouts at each one.

GuideU is a website that serves as an on-demand platform that connects students within the same university for tutoring purposes.

LookAt U is an app that targets women and men who care about their daily outfits or have various dress codes for different occasions.

Minute Mantra is the health and wellness brand that helps enable mindfulness, providing a full suite of experiences to expand, clarify, and inspire people to become their best selves.

TouchDonation is a donation app where users can search for different organizations and donate to them with the touch of a button.

VAICAM Pi is bundled as an Android mobile app, a Google Cardboard Virtual Reality (VR) headset, and a Raspberry Pi 3 equipped with a 360 camera, and Artificial Intelligence to function as an elderly person’s own artificially intelligent security camera.

VR Discover, an app for IOS and Android, utilizes virtual reality to stimulate cognitive function, provide entertainment, and relieve restlessness stemming from sundowning for patients with Alzheimer’s and dementia.

Each finalist will have exactly three minutes to pitch his or her new venture idea to a distinguished panel of judges. Panelists include Darius Daftary, Director of Product Engineering, Artivest; Jessica Walker, President and CEO, Manhattan Chamber of Commerce; and Sarah Leshner Carvalho, Head, LatAm Credit Research, Barclays Capital.

Keynote speaker Stan Spiegelman, Vice President, GFI Development, will present an overview of the project management effort he led in the development of The Beekman, located next to Pace’s campus in lower Manhattan.

WHEN and WHERE: Thursday, April 20, at One Pace Plaza, Bianco Room, New York City campus, from 5.30 p.m. to 8.30 p.m. Cash prizes will be awarded to the winners.

Agenda:

5:30 - 6:00 Registration and Networking

6:00 - 6:30 Welcome and Keynote Address

6:30 - 7:15 Finalists make their Pitch

7:15 - 7:30 Break (Judging Panel selects the winning pitches in private)

7:30 - 8:30 Awards Ceremony and Networking

For more information or to register to attend, visit http://www.pace.edu/pitch.

About the Lubin School of Business at Pace University: Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City’s business world into the experienced-based education of its students at Pace’s suburban and downtown campuses, implemented by the region’s largest co-op program, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers.  www.pace.edu/lubin

Media contact:  Bill Caldwell, Pace, 212-346-1597, wcaldwell@pace.edu

 

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Austin A. Adams, Executive Vice President and Chief Information Officer (Ret.), JPMorgan Chase, to speak at Pace University’s 2017 Seidenberg Leadership & Service in Technology (LST) Speaker Series

04/17/2017

Austin A. Adams, Executive Vice President and Chief Information Officer (Ret.), JPMorgan Chase, to speak at Pace University’s 2017 Seidenberg Leadership & Service in Technology (LST) Speaker Series

Mike Zbranak, Managing Director and Deputy Chief Information Officer, Chase Consumer & Community Banking, JPMorgan Chase, to moderate discussion

New York, NY – April 17, 2017 -- Austin A. Adams, a 35-year banking veteran who spent the majority of his career overseeing technology and operations during a dramatic consolidation of the industry, will speak on Wednesday, April 19 as part of Pace University’s 2017 Seidenberg Leadership & Service in Technology (LST) Speaker Series. The event will be held on the downtown New York City campus at the Seidenberg School of Computer Science and Information Systems, 163 William Street, 2nd Floor, from 12:00 pm to 1:30 pm. It is free and open to the public. RSVP at http://bit.ly/LSTapril19

WHO and WHAT: Austin A. Adams retired in 2006 as Executive Vice President and Corporate Chief Information Officer at JPMorgan Chase where he was a member of the 13-person Operating Committee and managed 28,000 employees and a $7B budget. Currently, Austin serves on the board of several companies, including Spectra Energy Corp., CommScope, and Keycorp. Mike Zbranak, Managing Director and Deputy Chief Information Officer, Chase Consumer & Community Banking, JPMorgan Chase, will moderate the discussion.

The 2017 Seidenberg Leadership & Service in Technology (LST) Speaker Series features remarkable trailblazers in the field of technology. Pace’s Seidenberg School of Computer Science and Information Systems is showcasing select LST Honorees who have been recognized for their innovation and transformative contributions to their communities and industry. Meet and network with industry leaders, experts, and Pace alumni and students.

WHEN and WHERE: Wednesday, April 19 at Pace’s Seidenberg School of Computer Science and Information Systems, 163 William Street, 2nd Floor, New York, NY, from 12:00 pm to 1:30 pm.

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Mother Jones: "The United States Just Dropped a 21,600-Pound Bomb In Afghanistan"

04/14/2017

Mother Jones: "The United States Just Dropped a 21,600-Pound Bomb In Afghanistan"

The "Mother of All Bombs" was used for the first time in eastern Afghanistan on April 13, 2017.

. . . Matthew Bolton, director of the International Disarmament Institute at Pace University, is worried that the military's decision could encourage other countries to develop or deploy similar weapons. Bolton also says it is unlikely that this sort of weapon could spare civilians. "It is difficult to imagine how it might be used in the kind of wars the US now fights—often in urban areas—without posing serious dangers to civilians," he says, "both as a result of its immediate wide area effect and the impact on vital infrastructure like electricity, water, sewers, schools, and health services."

Read more here.

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Yahoo Finance: "How to trade stocks for a living: Mike Bellafiore"

04/13/2017

Yahoo Finance: "How to trade stocks for a living: Mike Bellafiore"

Photo: Professional trader at SMB Capital analyzes stocks and other markets. (Source: SMB Capital, SMB|U)

"Recently I visited Pace University’s investment club to talk about the life of a proprietary trader," said Mike Bellafiore, co-founder of SMB Capital and SMB|U. "Our firm makes an effort to reach out to college trading and investment clubs to meet their members. Some of our best traders have come from these clubs. Plus, college students rarely get to interact with a professional trader so sharing our experience is helpful.

"At my presentation for Pace, a sharp member asked, 'How do you recommend we get started trading?'

Watch the video.

 

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Westchester County Business Journal: "Private schools sound warnings as free state tuition plan becomes law in NY"

04/13/2017

Westchester County Business Journal: "Private schools sound warnings as free state tuition plan becomes law in NY"

...Robina C. Schepp, Pace University’s vice president for enrollment and placement, criticized the state’s program in an op-ed for Crain’s New York Business, saying it shuts out private universities with proven records of maximizing graduate earning power.

“When free tuition comes at the expense of attending a school that may offer a better fit and superior career opportunities that lead to decades of higher earnings, it erases the very appeal of the Excelsior Scholarship,” Schepp wrote.

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Politico: New York water experts debate diminished role of EPA

04/13/2017

Politico: New York water experts debate diminished role of EPA

By David Giambusso

04/13/2017 05:40 PM EDT

A panel of former New York regulators and water academics could not agree Thursday on the federal government's role in managing clean water, but they did generally see danger ahead for the U.S. Environmental Protection Agency under President Donald Trump.

New York State recently allocated $2.5 billion to address water infrastructure issues. The money is directed toward contaminant cleanup, wastewater treatment, sewage overflow and flooding, among other issues. At the same time the EPA is rolling back and reviewing rules it sees as hampering industry, such as one this week limiting toxic discharge form coal plants.

"Water is not very high on the national political agenda. Water is often a very local issue," said Peter Gleick, president emeritus and chief scientist of the Pacific Institute, as part of a conference at Pace University on water issues in a changing climate. "Most of our water problems and challenges are local and should be managed locally."

Judith Enck, former EPA Region 2 administrator under former President Barack Obama, said while local action is crucial, the federal government can hamper progress if it willingly chooses not to enforce fundamental laws, such as the Clean Water Act and the Clean Air Act.

"We're not going to get to the goal of fishable, swimmable waters if the federal government is on the sidelines, and not only that but affirmatively doing bad things for water," she said.

The goal of fishable, swimmable waters was built into the Clean Water Act. Former New York City Department of Environmental Protection commissioner Christopher Ward questioned whether the billions in spending to reach that goal was realistic.

"We're never going to be in a position to buy all the things we want," he said.

But panelists said the "swimmable, fishable" provision was meant to foster marine life, which has iterative benefits for local ecosystems. Moreover, they said, shortchanging water cleanup now will result in more expensive solutions in the future.

"We don't have a real understanding of the cost of not doing things ... and who bears those costs," Gleick said. "If we had a better understanding here, we'd realize that it's cheaper to do a lot of these things than not do them."

Despite the "back to basics" rhetoric coming from the White House, though, clean water is a basic necessity for public health, panelists said. A recent Reuters poll showed 60 percent of Americans favor keeping EPA as strong or stronger than it currently is.

Enck used cleanup of the Gowanus Canal, a federal Superfund site, as an example of the bipartisan support for clean water.

"The interest in restoring the Gowanus canal is incredible. It's not just the Riverkeepers. It's the neighborhood folks. It's a guy called Jared Kushner," she said. "I'm a big believer in that when the people lead, the leaders will follow, and the people of Brooklyn and Queens are getting it."

To view online:
http://www.politico.com/states/new-york/city-hall/story/2017/04/new-york-water-experts-debate-diminished-role-of-epa-111241

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Pace University student Taslim Tavarez Garcia named a 2017 Truman Scholar, one of 62 outstanding young people selected nationwide

04/12/2017

Pace University student Taslim Tavarez Garcia named a 2017 Truman Scholar, one of 62 outstanding young people selected nationwide

FOR IMMEDIATE RELEASE

Taslim Tavarez Garcia receives a $30,000 scholarship toward graduate school and the opportunity to participate in professional development programming to help prepare for a career in public service leadership

NEW YORK, NY, April 12, 2017– Taslim Tavarez Garcia, a junior at Pace University’s Dyson College of Arts and Sciences, has just been selected as a 2017 Truman Scholar. She is one of just 62 students selected to receive the award this year.

"We congratulate Taslim Tavarez Garcia on this extraordinary honor and achievement.” said Pace University President Stephen J. Friedman. “A former recipient of the Jeanette K. Watson Fellowship and the Benjamin A. Gilman International Scholarship, Taslim has distinguished herself as a striver who consistently embraces challenge. Her energy, enthusiasm, and record of success are an inspiration to all and Pace is proud to have her as a student.”

The Harry S. Truman Scholarship Foundation was created by Congress in 1975 to be the nation’s living memorial to President Harry S. Truman. The Foundation has a mission to select and support the next generation of public service leaders. The Truman award has become one of the most prestigious national scholarships in the United States.

Recipients of the Truman Scholarship receive a $30,000 scholarship toward graduate school and the opportunity to participate in professional development programming to help prepare them for careers in public service leadership.

Annually, candidates for the Truman Scholarship go through a rigorous, multi-stage selection process. In 2017, there were 768 candidates for the award nominated by 315 colleges and universities, a record number of institutions. The 199 finalists for the award were interviewed in March and early April at one of sixteen regional selection panels. Sixty-two new Truman Scholars were selected in 2017. They will receive their awards in a ceremony at the Harry S. Truman Presidential Library and Museum on Sunday, May 28, 2017.

“I would like to go to law school and become an immigration attorney and return to south Florida to start my own non-profit and provide affordable legal services to help undocumented immigrants,” Taslim Tavarez Garcia said of her ultimate goal. “It’s about really trying to help them overcome the barriers that prevent them from becoming residents or citizens.”

A first-generation immigrant from the Dominican Republic, Taslim studies political science and peace and justice studies at Pace University. She has established a student organization called ABRIR (which means “to open” in Spanish; Advocates Bring Resources to Immigrant & Refugees) that hosts college application workshops to undocumented students. She interns at the Mayor’s Office of Immigrant Affairs, and she volunteers and recruits Pace students to volunteer for the office’s “We Are New York” program, which helps immigrant New Yorkers practice English through volunteer-led conversation groups. Through the help of the Jeannette K. Watson Fellowship, Taslim has also interned at the Institute of International Education and 100 Resilient Cities. She hopes to continue to advocate for immigrant rights and reform through non-profit work.

Pace University is shaped by its enduring traditions of opportunity and innovation. More than 100 years after its founding, Pace continues its commitment to providing access to a diverse population while innovating to meet the needs of the global economy. A January 2017 study ranked Pace first in New York—and second in the nation—at catapulting students from the bottom fifth of income distribution into the top fifth. The Equality of Opportunity Project study also found that Pace graduates are out-earning their parents and peers, bucking a nationwide trend for millennials.

About Pace University: Since 1906, Pace has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in Lower Manhattan and Westchester County, NY, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, Elisabeth Haub School of Law, and Seidenberg School of Computer Science and Information Systems. A 2017 study by the Equality of Opportunity Project ranks Pace University first in New York—and second in the nation—for Economic Mobility based on students who enter college at the bottom fifth of the income distribution and end up in the top fifth. www.pace.edu.

Media contact:  Bill Caldwell, Pace, 212-346-1597, wcaldwell@pace.edu

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