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Agenda: "Could KBR’s Board Do More in Catching Accounting Errors?"

06/02/2014

Leslie Seidman of the Lubin School comments on the culture and processes needed to identify accounting errors in a timely manner

In an interview with Agenda, a Financial Times service, Leslie Seidman of the Lubin School of Business discusses the culture and processes needed to identify accounting errors in a timely manner.

“People make mistakes,” says Seidman, a former Financial Accounting Standards Board chairman. “They can be technical mistakes or ethical lapses.”

Seidman, who is now executive director at the Center for Excellence in Financial Reporting at Pace University business school, says audit committees need to create a process beforehand so that directors, managers, internal and outside auditors periodically discuss the likely accounting treatments that involve the most judgment calls over the year at a company. The issues aren’t the same in every industry, she says. In some, it’s the timing of long-term revenues, or costs and losses, or on- or off-balance-sheet issues that affect capital levels. “I don’t think you limit this to once a year or quarter. Be aware of what’s happening throughout the year,” says Seidman.

Read more: http://agendaweek.com/c/894894/85594/could_board_more_catching_accounting_errors?referrer_module=emailForwarded&module_order=0

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Nancy A. Garvey Elected to Pace University Board of Trustees

05/22/2014

Nancy Garvey elected to Pace's Board

NEW YORK, May 22 – Nancy A. Garvey, Ph.D., has been elected to the Board of Trustees of Pace University in New York, Pace President Stephen J. Friedman announced.

Garvey is retired from her former position as vice president and controller at AlliedSignal. She served as vice president and treasurer and staff vice president for investor relations in her eleven-year career at AlliedSignal, from 1986 to 1997.

Garvey joins the Board of Pace at a time of great change. Pace has experienced higher enrollments, new academic programs, national recognition for the high employment rate and earning power of Pace graduates, and significant investments in the learning and living facilities on Pace’s campuses in New York City and Pleasantville. This year Pace celebrated the 50th anniversary of its Pleasantville campus.

“Nancy Garvey has excelled at high levels in corporate America and we are fortunate that her passion has always been education,” said University President Stephen J. Friedman.  “Dr. Garvey’s experience in business and in secondary and higher education will help Pace students – the aspiring heart of America – continue succeeding in a broad range of professions and contribute to the nation’s global competitiveness.”

“Nancy will be a wonderful addition to our Board,” said Pace Board Chairman Mark M. Besca, ’81. “Her passion for quality education in underserved communities fits perfectly with Pace’s mission of Opportunitas, offering students the opportunity to discover and fulfill their potential.”

“I am honored to be able to serve on the Pace Board. Pace has and will continue to serve a student body that is truly representative of our diverse city and our country as a whole,” said Garvey. “I am eager to be a part of an institution that goes beyond granting a degree, but is integral to shaping our future innovators, thinkers, and leaders.”

Prior to Allied, Garvey worked for General Motors Corporation in various financial roles and at the Institute for Demographic and Economic Studies as a senior research associate. Garvey chose to leave Allied Signal to rear her twins. Garvey is a member and serves as chairman of the board at the Bronx Preparatory Charter School. She is also a trustee for her alma mater, Barnard College, and a member of the Advisory Board of the Museum of Natural History.

Garvey earned a Ph.D. in economics from Columbia University and, while writing her dissertation, she served as an Economics instructor at Columbia University and Rutgers College. She earned her BA in economics from Barnard College in 1971. Ms. Garvey was awarded an honorary doctorate from the Bank Street College of Education in 2005.

Garvey has two children from her former marriage.  Her son Zach is a current Pace student.

About Pace University: Since 1906, Pace University 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 New York City and Westchester County, New York, 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, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

Media Contact: Cara Cea, 914-906-9680, ccea@pace.edu.

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Investor’s Business Daily: "India ETFs The Real Winner In The National Elections"

05/20/2014

Investor’s Business Daily: "India ETFs The Real Winner In The National Elections"

. . . The new government is expected to invest massively in roads, utilities, sewage treatment, rail and air transportation, education, health care and manufacturing, says Surendra Kaushik, professor of finance at Pace University's Lubin School of Business in New York.

"The financial sector, including banks, insurance, equity and bond markets — all will see liberalization and competition to make finance available for all those infrastructure projects," Kaushik said in an email. "There is no bigger and more important market opening in the world than India."

 

 

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Pace University to Start Performing Arts School

05/16/2014

New York Times arts writer, Robin Pogrebin, wrote about Pace's new School of Performing Arts. The article appeared online in the Arts Beat section. 

From The New York Times:

Pace University is starting a performing arts school, which the university said will be Manhattan’s first new such school in nearly 50 years. The new school, Pace School of Performing Arts, grew out of Pace’s performing arts program.

To accommodate an increase in applications and enrollment over the last three years, the program about a year ago moved into a 50,000 square foot building at 140 William Street in downtown Manhattan. Now the program will become a school within the Dyson College of Arts and Sciences, Pace’s liberal arts college.

“Pace is fast becoming a cultural hub for the performing arts in Lower Manhattan,” Stephen J. Friedman, the university’s president, said in a statement.

Students also perform and train in Pace’s Michael Schimmel Center for the Arts, Pace’s Schaeberle Studio Theater, and Mainframe and Layton Dance studios.

Jorge Cacheiro, the executive director of Pace’s new School of Performing Arts, said that, as a recognized school, “we become an even a more attractive destination for young artists seeking a career on stage and media.”

Read the original article here

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Pace Announces its Performing Arts Program is Manhattan’s First School of Performing Arts in 50 Years

05/16/2014

Pace's Performing Arts Program Becomes Manhattan’s First School of Performing Arts in 50 Years

 

New York, NY (May 16, 2014) – Pace University today officially unveiled its new School of Performing Arts, Manhattan’s first performing arts school in nearly 50 years. The newly minted Pace School of Performing Arts (PPA) began as the university’s flourishing Performing Arts department, which over the last three years has experienced unprecedented growth in applications and enrollment.  To accommodate this leap in reputation and popularity, Pace Performing Arts moved into the 50,000 square foot building at 140 William Street in downtown Manhattan.

“The Board of Trustees’ approval of Pace’s long-established undergraduate performing arts program as a school within the Dyson College of Arts and Sciences is emblematic of Pace's leadership in the performing arts by providing innovative programs for today's most talented students,” says Pace University President Stephen J. Friedman. “Pace is fast becoming a cultural hub for the performing arts in Lower Manhattan with its expanding performing arts offerings and facilities along with superb programming at the Michael Schimmel Center for the Arts.”

With the motto of “re-imagining training for the 21st century,” a Pace Performing Arts education straddles the fine balance between meeting the demands of today’s rapidly evolving entertainment industry and long-established, traditional instruction.

In the last two years, Pace has established eight new or redesigned degree programs that address gaps in the performing arts educational environment.  In September 2014, Pace School of Performing Arts will introduce three new progressive performing arts majors geared specifically to today’s job market.  The degrees include a new Bachelor of Fine Arts (BFA) in Acting for Film, Television, Voice-overs and Commercials; a Bachelor of Fine Arts in Production and Design for Stage and Film; and a Bachelor of Arts (BA) in Stage Management.  The BFA in Acting for Film, Television, Voice-overs, and Commercials major is the first undergraduate program in the U.S. focused entirely on training the actor for work in front of the camera and microphone.  Additionally, the Bachelor of Fine Arts in Commercial Dance is the only one of its kind in New York City offering comprehensive dance training that bridges the gap between classical dance technique and the professional world of commercial dance.  

“We are very excited that Pace is making this major step in recognizing the growth in enrollment and prestige of Pace Performing Arts by establishing the School of Performing Arts in the Dyson College of Arts and Sciences,” comments Nira Herrmann, dean of Pace’s Dyson College.  “Together with our new building at 140 William Street and our leading-edge performing arts programs, PPA is poised to deliver an exceptional educational experience to students, leading to professional training that is unparalleled and located in what is arguably the global capital for the performing arts, New York City.”

Jorge Cacheiro, the executive director of Pace’s new School of Performing Arts, says, “At Pace Performing Arts we are committed to being a national leader in undergraduate training for today's industry.  We already feel we are among the most innovative programs in the nation. Now as a recognized School of Performing Arts in New York, we become an even a more attractive destination for young artists seeking a career on stage and media.  I want to personally thank Dean Herrmann and President Friedman for recognizing the importance of the arts at Pace University and for their unwavering support in helping the University's new School of Performing Arts become a reality.”

Pace School of Performing Arts' new home at 140 William Street is a seven-story state-of-the-art building that hosts acting, movement, and dance studios; a sound stage and screening room; costume and design shops; a digital design lab; and multiple performance spaces. Students also perform and train in Pace's Michael Schimmel Center for the Arts, Pace’s Schaeberle Studio Theater, and Mainframe and Layton Dance studios.

Prominent faculty at Pace School of Performing Arts include: Ion-Cosmin Chivu, Head of the International Performance Ensemble and one of the developers of PPA’s Masters Series, which provides students with opportunities to interact with well-established, outstanding professionals; Brian Hastert, Head of Pace’s newly-approved BFA in Acting for Film, Television, Voice-overs and Commercials (FTVC) Program; Graham Kindred (a master lighting designer who has worked on Broadway, Lincoln Center and Off Broadway and has been teaching lighting to aspiring design students for more than 20 years), Head of the new BFA in Production and Design for Stage and Screen Program; Grant Kretchik, Head of the newly re-written BFA in Acting Program; Rhonda Miller, head of  the new BFA in Commercial Dance Program; Amy Rogers,  Head of  PPA’s highly sought out BFA in Musical Theater Program; and former Chair and Associate Professor Ruis Woertendyke, who has been involved in theater for nearly 50 years as a director, playwright, and actor.

About Pace School of Performing Arts

In their new home at 140 William, Pace School of Performing Arts offers vibrant life to downtown Manhattan.  The first performing arts school in nearly 50 years in Manhattan, The School of Performing Arts offers Bachelor of Fine Arts degrees in Acting; Acting for Film, Television, Voice-Overs and Commercials; Commercial Dance; Musical Theater; and Production and Design.  Also available are Bachelor of Arts degrees in Theater Arts – Acting; Directing under the International Performance Ensemble program; and Stage Management. Visit www.pace.edu/dyson/performingarts.

About Dyson College of Arts and Sciences

Pace University’s liberal arts college, Dyson College offers more than 50 programs, spanning the arts and humanities, natural sciences, social sciences, and pre-professional programs (including pre-medicine and pre-law), as well as many courses that fulfill core curriculum requirements. The college offers access to numerous opportunities for internships, cooperative education and other hands-on learning experiences that complement in-class learning in preparing graduates for career and graduate/professional education choices.  Visit www.pace.edu/dyson.

About Pace University

Since 1906, Pace University 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 New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Dyson College of Arts and Sciences, Lubin School of Business, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. Visit www.pace.edu.

 

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Investor's Business Daily: "Google In EU Must Remove Personal Links On Request"

05/13/2014

Investor's Business Daily: "Google In EU Must Remove Personal Links On Request"

. . . The ruling "will severely diminish the ability of many companies to collect personal information at will," Darren Hayes, a professor at Pace University, said in an email.

The ruling could affect Facebook (FB) and Twitter (TWTR), which "rely on scraping vast quantities of personal information from the Internet," Hayes said.

Read more : http://news.investors.com/technology/051314-700663-european-union-court-orders-google-to-allow-removal.htm#ixzz31ckt13mR

 


 

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USA Today: "Omnicom, Publicis merger fell over 'equal' terms"

05/09/2014

USA Today: "Omnicom, Publicis merger fell over 'equal' terms"

. . . Not everyone is happy that the would-be union fell apart. "It now appears that management teams put the interests of management teams before their clients. Ultimately, my prediction is that both Omnicom and Publicis will seek and find new companies to acquire and go back to serving their own clients well," says Larry Chiagouris, a professor of marketing at Pace University's Lubin School of Business in New York.

Read more: http://www.usatoday.com/story/money/business/2014/05/09/omnicom-publicis-merger-fell-over-equal-terms/8888629/

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E-Commerce Times: "Facebook Seeks Better Fit With Small Biz"

05/08/2014

E-Commerce Times: "Facebook Seeks Better Fit With Small Biz"

. . . The Facebook Fit boot camps can bring home to small business owners how easy it is to reach an audience for their products and services, noted Bruce Bachenheimer, a management professor at Pace University's Lubin School of Business.

"A big bulk of small businesses are people who don't use Facebook or only use it casually, so they wouldn't know how to use it to promote a business," he told the E-Commerce Times.

"They are a potentially huge, untapped market, and by investing a small amount of money in educating people and training them how to use it -- hand-holding them on how to use it -- it could really pay off, both in terms of additional revenue and driving interaction between small businesses and their customers on Facebook," Bachenheimer explained.

"This a bright strategy that could increase small business advertising on Facebook through word of mouth," he added.

Read more: http://www.ecommercetimes.com/story/Facebook-Seeks-Better-Fit-With-Small-Biz-80413.html

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