November 19th, 2014
In 2006, Lynn Hannan earned the academic accounting discipline’s highest honor, the Notable Contributions to Accounting Literature Award, in recognition of her trailblazing research in managerial accounting. Now, thanks to the support of one of the world’s largest accounting firms, Hannan hopes to build on that record of scholarly excellence as the inaugural holder of a new professorship.
Lynn Hannan was invested as the Freeman School’s first Ernst & Young Professor in Accounting.
On Thursday (Nov. 6), Hannan was formally invested as the first Ernst & Young Professor in Accounting at Tulane University. The professorship, which was bestowed upon Hannan in a ceremony at the business school, was made possible through a generous gift from the EY Foundation and the partners and professionals of EY, the world’s third-largest professional services firm and a major supporter of Tulane and the A. B. Freeman School of Business.
“I can’t begin to express how honored I am,” said Hannan, professor of accounting and director of the Master of Accounting program. “To me this honor represents both a recognition of my past contributions and an expression of confidence in my future contributions to the Freeman School, to Tulane University and to the accounting profession. Let me assure you I’ll do my best to meet these expectations.”
“EY is extremely pleased with what the Freeman School is doing in accounting,” added Charles Swanson, former managing partner of EY’s Houston office, who spoke on behalf of the firm at the investiture ceremony. “To expand and grow the accounting program requires multiple elements, not the least of which is a strong accounting faculty. This is just a modest gift that we hope can contribute in that regard, so it is indeed a pleasure and honor to be here today to establish the EY Professorship.”
Funding for the professorship is part of a larger commitment to accounting education on the part of EY. Last year, firm partners and professionals together with the EY Foundation pledged $300,000 to the Freeman School to establish a fund to underwrite a number of initiatives. In addition to the professorship, the Ernst & Young Accounting Excellence Fund has also provided support for a redesign of the accounting curriculum as well as school-wide strategic planning efforts.
Tulane Provost Michael Bernstein, left, and Freeman School Dean Ira Solomon, right, joined friends and colleagues in honoring Hannan’s appointment as EY Professor in Accounting.
Hannan brings to the EY Professorship over a decade of outstanding teaching, research and service. Her current research draws on theories from economics, psychology and sociology to investigate how information, incentives and environmental factors affect people’s decisions. Her ultimate goal, Hannan said, is to help managers design better accounting control systems.
“I am more passionate than ever about my research,” she added. “Creating and disseminating knowledge, that’s what brings me joy.”
“Lynn is one of the discipline’s leading scholars and educators, so it gives us great pleasure to be able to recognize her achievements of the past and support her accomplishments of the future,” said Freeman School Dean Ira Solomon. “With the generous support of partners like EY, we’re building an accounting program of which we all can be very proud.”
November 18th, 2014
Mita Sujan’s paper “Temporal mindsets and self-regulation: The motivation and implementation of self-regulatory behaviors” has been accepted for publication in the Journal of Consumer Psychology. The paper, co-authored with Denise Buhrau (PhD ’10), focuses on implementation of self-regulation. Using data from Tulane University’s 10,000-steps-a-day fitness program, the authors argue that individuals with low consideration of future consequences (CFC) are more motivated to act when messages provide specific recommendations with the necessary contextual details for personalization (“when,” “where” and “with whom) that make planning accessible and easy. The study is part of a larger line of research aimed at better understanding failures of self-regulation, which Sujan says are at the core of the nation’s obesity and debt epidemics and which result in substantial costs to the economy. Sujan is the Malcolm Woldenberg Chair of Marketing at Tulane University’s A. B. Freeman School of Business.
November 13th, 2014
From Bloomberg Markets magazine, November 2014:
The fund takes its name from the Burkenroad Reports written by students at Tulane’s Freeman School of Business. Peter Ricchiuti founded the program in 1993 and named it after William Burkenroad Jr., a Tulane alum and donor. Each year, about 200 undergraduate and graduate students in Ricchiuti’s course fan out in teams across the South and spend a day with executives at about 40 publicly traded firms. The companies are often hungry for the attention, Ricchiuti says. “The further you are from Wall Street, the more you’re likely to find companies that nobody knows about. They don’t tend to get overpriced and overhyped.”
To read the article in its entirety, visit Bloomberg.com:
November 7th, 2014
Ira Solomon, dean of the A. B. Freeman School of Business at Tulane University, has been appointed to a two-year term on the board of directors of AACSB International. The appointment, effectively immediately, will run through 2016.
AACSB International is the longest-serving accrediting body and membership association for business schools worldwide. As an AACSB board member, Solomon joins a prestigious, international body of management education and business professionals whose focus is the vision, values and strategic leadership of the association. Board members are charged with establishing committees, advisory councils and task forces representative of AACSB’s current priorities and initiatives; approving the broadly stated annual budget and reviewing financial reports; and participating in the work of special committees or task forces as assigned.
Solomon has served as dean of the Freeman School since 2011. Prior to his appointment, Solomon was the R.C. Evans Endowed Chair in Business and head of the Department of Accountancy at the University of Illinois at Urbana-Champaign. A native of Roosevelt, N.Y., he received his PhD in accounting from the University of Texas at Austin and taught at the University of Arizona before joining the Illinois faculty in 1983.
November 7th, 2014
What does it take to run the world’s largest professional services network?
Deloitte global CEO Barry Salzberg fielded a wide range of questions from students as the 2014 R. W. Freeman Distinguished Lecturer.
For Deloitte Touche Tohmatsu CEO Barry Salzberg, who delivered the 2014 R. W. Freeman Distinguished Lecture on Tuesday (Nov. 4), the key is understanding how to lead by influence instead of line authority.
“When I was U.S. CEO, I had line authority over the entire U.S. firm,” Salzberg told a packed audience in the Lavin-Bernick Center’s Qater Ballroom. “Today, I have influence authority over 200,000 people at 47 member firms spanning the globe. How you get things done in that organization is very different than how you get things done when you have line authority.”
Each of Deloitte’s member firms operates independently, Salzberg said, with its own CEO and partnership agreement, so when Salzberg had an issue with the company’s member firm in Turkey, he flew to Istanbul to meet with the firm’s leadership team in person and convince them to agree to what needed to be done.
“If I were in the U.S. and we wanted the New Orleans office to do something, they did it. Period. End of story,” Salzberg said. “So it’s the influence rather than the line authority that’s really different with a global organization.”
For his Freeman School talk, Salzberg eschewed the traditional lecture format and instead opened the floor to questions almost immediately. With nearly 300 students in attendance, those questions ran the gamut from definitions of leadership to the state of the professional services industry to how quickly a recruit can expect to advance at Deloitte.
Students asked Salzberg questions about everything from the state of the professional services industry to how quickly recruits can expect to advance at Deloitte.
The timeliest question of the evening, however, came from Freeman School senior Jake Fuerst, who told Salzberg he was interviewing with Deloitte next week and asked the executive for any advice he might have.
“The best piece of advice is to say that you know Barry,” Salzberg quipped before encouraging Fuerst to learn as much as he could about Deloitte prior to the interview.
“Know enough about us that you can dialog and demonstrate to your recruiter that clearly Deloitee is where you want to be,” Salzberg said, “even if you’re thinking about five other places.”
The R. W. Freeman Distinguished Lecture Series was established by the Freeman family in 1985 to honor Richard W. Freeman Sr. (BBA ’34), former president and chairman of the Louisiana Coca-Cola Bottling Co. and former chairman of Delta Air Lines. Freeman served on the Board of Tulane for 13 years and was a major benefactor of the university and the business school. In 1984, he was instrumental in raising funds to rename the school in honor of his father, A. B. Freeman. He received the business school’s Outstanding Alumnus Award in 1958 and Tulane University’s Distinguished Alumnus of the Year Award in 1975. Richard Freeman Sr.’s grandson West Freeman and his wife, Aimee Adatto Freeman (MBA ’95), were in attendance at the lecture.
November 6th, 2014
ValuePenguin.com, a website that provides personal finance research and analysis, interviewed Master of Accounting student Neil Huntsman (MACCT ’15) for its “Future of Accountants” series.
“The environment at Tulane is perfect for professional education. I can already tell there has been a change in the way I think and process information. My classes are not basic accounting courses where a student learns to book specific entries. My classes stress analytical thinking and problem solving. The class size facilitates discussion with my peers and professors. It was strange to transition to a school where not only do all my professors know my name, but they want to know more about me. That level of personal engagement with professors is what I love most about Tulane.”
To read the interview in its entirety, visit ValuePenguin.com.
November 6th, 2014
A team of undergraduate students from the A. B. Freeman School of Business beat out peers from two other Louisiana universities to earn top honors in the first annual ACG Energy Case Competition.
The Freeman School earned first place honors in the inaugural ACG Energy Case Competition.
Based on the ACG Cup, the Association for Corporate Growth’s annual case competition for MBA students, the ACG Energy Case Competition was created to provide undergraduate students at local universities with real-world experience in the area of mergers and acquisitions, investment banking, and financial advisory services relating to the energy industry. The final round of the competition, which was hosted by ACG Louisiana with sponsorship support from Harvey Gulf, EY and McGlinchey Stafford, took place at the Freeman School on Oct. 4.
Five schools — Tulane, Xavier University, Louisiana State University, University of Louisiana at Lafayette and Southeastern Louisiana University— took part in a first round of intraschool competitions. Three of those schools — Tulane, ULL and Southeastern — sent teams to compete in the final round.
“The competition drew over 100 students from across Louisiana,” said Nene Glenn Gianfala (BSM ’07), who chaired the competition for ACG Louisiana. “We were thrilled with the participation and feedback that we received from the universities.”
The competition centered on a case involving a fictional publicly traded oilfield service company that was experiencing difficulties with one of its operating divisions. In the first round, students were asked to value the company and its under-performing division and consider a sale of the unit. In the final round, teams were presented with new information about the case and asked to prepare a 30-minute presentation with revised analysis.
In the end, judges awarded the competition’s first-place prize to Freeman students Ben Meisel, Joe Rosenfield, Tom Vaughan and Phil Martindale. For winning the competition, the team members, who are each currently enrolled in adjunct lecturer Les Alexander’s Energy Investment Banking course at the Freeman School, received a cash prize of $2,000 and four Young ACG memberships. The team from Southeastern earned second place and a $2,000 prize, and the team from ULL won third place and $500.
“All the teams that competed in the final round did a fabulous job,” said Gianfala. “They were definitely the crème de la crème of their respective universities.”
October 23rd, 2014
The Freeman School brought its yearlong centennial observation to a close on Tuesday (Oct. 21) with a special party and time capsule ceremony for students, faculty and staff.
The Freeman School capped off its yearlong centennial observation with a party and time-capsule ceremony in front of Goldring/Woldenberg Hall on Oct. 21.
Scheduled to coincide with the date of the business school’s very first class in October 1914, the event represented one last chance to highlight and honor the Freeman School’s 100-year history of business education.
The party kicked off at noon with food and refreshments — including kettle corn, Lucky Dogs and Roman Candy — in front of Goldring/Woldenberg Hall. At 3 o’clock, Dean Ira Solomon recalled some of the issues in the world, like the opening of the Panama Canal, that led the city’s business leaders to support the founding of a state-of-the-art business college at Tulane University.
“The more foresightful folks here in New Orleans decided that the game needed to be picked up, that business skills and knowledge in the business arena needed to be elevated if New Orleans was going to continue to thrive,” Solomon said. “And the rest, as they say, is history. As I like to tell people, the best is yet to come. You’re with us here today for the end of the first hundred years as well as the beginning of the next hundred years.”
The party featured a ceremony announcing the contents of Freeman School time capsule that will be sealed with instructions to open in 50 years..
After remarks from Freeman Student Government President Andrew Duplessie (BSM ’16) and Graduate Graduate Business Council President David Dowty (MBA ’15), Associate Dean Peggy Babin took the lectern to present the contents of a Freeman School time capsule that will be sealed and put into storage for 50 years.
Over the last 12 months, the Freeman School solicited ideas from alumni for items to put into the time capsule. Among the 50 items of memorabilia ultimately selected for inclusion were a copy of the school’s centennial commemorative book, A Century of Business Education, a Freeman School T-shirt, Freeman koozies, a bottle of Tulane-branded hot sauce, copies of the Times-Picayune and the New Orleans Advocate, menus from neighborhood restaurants popular with students, a 2014 Arthur Hardy Mardi Gras Guide, Jazz Fest programs, a campus parking ticket and even an iPhone 5 to show future generations the ancient technology used by students circa 2014
The ceremony wrapped up with a group photo in front of Goldring/Woldenberg Hall, and with that photo, the Freeman School’s Centennial Celebration, which began in September 2013 with a kick-off event for students on the Lavin-Bernick Center quad, officially came to an end.
To see more photos from the time-capsule ceremony, visit the Freeman School’s Flickr page.
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October 21st, 2014
Barry Salzberg, global CEO of Deloitte Touche Tohmatsu Ltd., the largest professional services network in the world, will discuss the challenges of running an international business in a special talk hosted by the A. B. Freeman School of Business at Tulane University.
Barry Salzberg, global CEO of Deloitte Touche Tohmatsu Ltd., will discuss global business and leadership as the 2014 R. W. Freeman Distinguished Lecturer.
“Leading Across Borders: Insights on Global Business and Leadership with Deloitte’s Global CEO” will take place on Tuesday, Nov. 4, at 5:30 p.m. in the Lavin-Bernick Center’s Qatar Ballroom. Salzberg’s presentation, the 2014 R. W. Freeman Distinguished Lecture, is free and open to the public.
As global CEO of DTTL, Salzberg leads and manages the Executive committee and sets the strategic direction of Deloitte, a global network comprising 47 member firms in 150 countries, with approximately 200,000 employees worldwide. Salzberg is a member of the DTTL Board of Directors and Executive committee.
Prior to assuming his current position, Salzberg served as CEO of Deloitte LLP (United States) from 2007 to 2011, and as managing partner from 2003 to 2007. During his time as CEO of Deloitte LLP, he was a member of the U.S. Board of Directors, the DTTL Executive committee, the DTTL Board of Directors and served as the Americas Regional Managing Partner. Salzerber joined Deloitte in 1977 and was admitted as partner of the Deloitte U.S. member firm in 1985.
In his earlier career, Salzberg was a lead client service partner and tax partner of the Deloitte U.S. member firm, where he became an acknowledged authority in the areas of personal tax and partnerships tax matters. In this role, he directly served the CXOs of many large clients, helping them with their personal tax and financial planning needs, as well as partnerships and corporations, mostly law firms or merger and acquisition specialists.
Salzberg received his undergraduate degree in accounting from Brooklyn College, his LLM in taxation from the New York University School of Law, and his JD from Brooklyn Law School. He was also awarded an honorary Doctorate of Humane Letters from Georgetown University in Washington D.C., and a Juris Doctor Honoris Causa from Brooklyn Law School.
Established in 1985, the R. W. Freeman Distinguished Lecture series is the premier annual speaking event at the A. B. Freeman School of Business. The series is named in honor of Richard W. Freeman (BBA ’34), former president and chairman of the Louisiana Coca-Cola Bottling Co. Ltd. and former chairman of Delta Air Lines. Mr. Freeman served on the Board of Tulane for 13 years and was a major benefactor of the university and the business school. In 1984, he was instrumental in raising funds to rename the school in honor of his father, A. B. Freeman. Mr. Freeman received the business school’s Outstanding Alumnus Award in 1958 and Tulane University’s Distinguished Alumnus of the Year Award in 1975.
October 15th, 2014
As part of their Global Leadership Latin America trip, the second-year MBA class visited the U.S. Embassy in Buenos Aires on Oct. 14, 2014, where they met with Economic Counselor Tim Stater (A&S ’82), the No. 2 U.S. official in Argentina. The MBA class spent a week in Argentina taking classes, visiting companies, working on consulting projects and engaging in social and cultural activities designed to expand their knowledge and appreciation of international business. Photo courtesy of U.S. Embassy in Buenos Aires.