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Suresh Kumar, Senior Executive Vice President and Chief Information Officer at BNY Mellon, to be honored at Pace University’s Annual Leadership and Service in Technology Award Reception, Monday, April 24

04/19/2017

Suresh Kumar, Senior Executive Vice President and Chief Information Officer at BNY Mellon, to be honored at Pace University’s Annual Leadership and Service in Technology Award Reception, Monday, April 24

New York – April 19, 2017 – Pace University’s Seidenberg School of Computer Science and Information Systems will honor Suresh Kumar, Senior Executive Vice President and Chief Information Officer for BNY Mellon, at the Annual Leadership and Service in Technology Award Reception, to be held at 101 Barclay Street, New York City, on Monday, April 24, at 6:00 PM.

The Leadership and Service in Technology Award is presented to an outstanding individual or company who best exemplifies leadership in the field of technology by demonstrating a commitment to development, innovation, research and application. The event supports the Seidenberg School’s scholarship awards and key initiatives.

Proceeds of this event sustain the Seidenberg School and help to prepare the next generation of IT professionals. For more information, please visit www.pace.edu/LST or email technologyawards@pace.edu.

Suresh Kumar is Senior Executive Vice President and Chief Information Officer for BNY Mellon, where he is leading the Client Technology Solutions organization to become the industry leader in delivering innovative and exceptional technology solutions that enable clients and employees to succeed.

Mr. Kumar serves on BNY Mellon’s Executive Committee, the organization’s most senior governing body, as well as the company’s Senior Leadership Team. He is also the Chief Executive Officer of iNautix Technologies, a BNY Mellon Company that provides offshore development services.

Before assuming his current role, Suresh was Chief Information Officer for BNY Mellon's Financial Markets & Treasury Services (FM&TS) group and Pershing LLC. Prior to his appointment as CIO for Pershing, he served in that role with CSFBdirect and DLJdirect. As part of the team at DLJdirect, he was instrumental in that company's success in establishing a global presence in Japan, Hong Kong, United Kingdom and Dubai, and pioneering the delivery of online brokerage services via the Prodigy Network, America Online and ultimately the Worldwide Web.

Suresh is a member of the HP Advisory Board and the Pace University Advisory Board. He has previously served as a member of the Technology Advisory Committee of the Depository Trust and Clearing Corporation and Technology Management Committee of the Securities Industry and Financial Markets Association. Suresh is also former Chairman of the Financial Industry Regulatory Authority Technology Advisory Committee.

Suresh earned a Bachelor of Technology degree from the Indian Institute of Technology at Madras, a Master of Business Administration degree from the Indian Institute of Management at Ahmedabad and a Master’s degree in Computer Science from the New York Institute of Technology. Suresh was named “CIO of the Year” in 2006 by the New Jersey Technology Council and was named to CIO Insight magazine’s annual list of “Top 100 CIOs” in 2007. Suresh was also named to Computerworld's "Premier 100 IT Leaders" for 2012 and was selected as the 2015 IVI Leader in IT Value by the Innovation Value Institute (IVI). In 2016, CIO magazine inducted Suresh in to the CIO Hall of Fame.

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Philadelphia Inquirer: "In China, a religious revival"

04/19/2017

Philadelphia Inquirer: "In China, a religious revival"

. . . An expert on the church in China, Joseph Lee of Pace University, notes an interesting trend that is encouraging the expansion in Christianity: Migrant workers who have gone to cities for jobs and converted are returning home to spread the faith to remote areas not previously visited by Western missionaries or Chinese evangelists before 1949. "In many metropolitan cities like Shenzhen, Guangzhou, Beijing and Shanghai," he says, "Christian migrant workers from rural areas like Anhui and Sichuan provinces fill many church buildings."

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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."

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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?'

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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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