Archive for the ‘Freeman News’ Category
Friday, December 19th, 2014
The number of Freeman School alumni in the People’s Republic of China has grown to nearly 400 in recent years, comprising a large, diverse group of business, government and community leaders. In January, the Tulane Association of Business Alumni (TABA) will pay tribute to the business school’s growing footprint in Asia with the establishment of a new chapter in Shanghai.
In January, the Tulane Association of Business Alumni (TABA) will establish a new chapter in Shanghai to serve the Freeman School’s growing population of Chinese alumni.
The Shanghai Chapter of TABA — the association’s first new international chapter in 20 years — will sponsor networking events, promote the Freeman School and Tulane University in Shanghai, and serve as a hub and resource for Freeman alumni throughout eastern China. A ceremony and reception recognizing the chartering of the chapter will take place on Friday, Jan. 9, at Shanghai’s Grand Swissotel. All Freeman School alumni interested in being part of this historic event are invited to RSVP at freemanshanghai.eventbrite.com.
“One of the goals we outlined as part of last year’s strategic planning process was to expand our alumni outreach in China,” says Peggy Babin, associate dean for external relations. “The establishment of a TABA chapter in Shanghai will enable us to better support and serve the interests of our graduates in China, which boasts our fastest-growing alumni population in the world.”
The chartering ceremony is being held in conjunction with another major event designed to serve the Freeman School’s growing number of Chinese constituents. The West to East Career Expo, which will take place from Jan. 6 – 9 also at the Grand Swissotel, is a networking and recruiting event for Chinese nationals studying business at Tulane, Rice University, Hong Kong University of Science and Technology and the University of Southern California. About 100 students will have the opportunity to network, attend company information sessions and interview for jobs in China.
“This event is a ground-breaking approach in serving our international student population,” says Leonard Williams, director of the Freeman School’s Career Management Center. “Although many of our international alumni have been successful in gaining employment on their own when they return to their home country, this event will make that process easier and possibly more efficient for them.”
In conjunction with the expo, the Freeman School will host a networking reception for Freeman School students and alumni in China on Tuesday, Jan. 6, at the Grand Swissotel. The reception is being modeled on Freeman Days events, so participation from alumni is essential to its success. Any Freeman School alumni interested in attending should RSVP at freemanshanghainetworking.eventbrite.com as soon as possible.
Thursday, December 11th, 2014
Tulane University’s Burkenroad Reports won top honors this week for best teaching delivery in the prestigious Wharton-QS Stars Awards, an international competition recognizing innovative approaches in higher education that enhance learning and student employability.
Peter Ricchiuti, founder and director of Burkenroad Reports, which earned a national award for innovative teaching on Tuesday.
The program, within the A. B. Freeman School of Business at Tulane University, gives students practical stock analysis experience by covering traditionally overlooked small-cap companies in the Gulf South. Each year 200 students meet top management, visit company sites and publish investment research reports on 40 “stocks under rocks” in six states.
“This is an amazing recognition of the work we have been doing for the past 21 years,” said Peter Ricchiuti, Burkenroad Reports founder and director. “It is particularly meaningful because it celebrates both the creativity of the program and its results in developing strong, well-prepared students. Burkenroad Reports has sent about 600 students off to careers in the investment field.”
Hancock Bank manages a mutual fund based on the program. It has over $750 million in assets and has outperformed about 99 percent of the nation’s nearly 7,000 equity mutual funds, Ricchiuti said.
“The investment community has praised the research excellence of Burkenroad Reports for years, but I don’t think as many people realize it’s also a unique and innovative educational program,” said Freeman School Dean Ira Solomon. “I’m very pleased to see Peter and his staff receive this well-deserved national recognition for developing and executing a truly outstanding educational program.”
The Wharton-QS Stars Awards took place on Dec. 9 in Philadelphia. The competition, developed by the Wharton School SEI Center of the University of Pennsylvania and QS Quacquarelli Symonds, publisher of the QS World University Rankings, received submissions from 427 universities and enterprises from 43 countries. It included 21 awards judged by a panel of 25 international experts. A list of winners is available at http://www.reimagine-education.com.
For more information on Burkenroad Reports, visit http://www.burkenroad.org.
Wednesday, December 10th, 2014
Last year, students in a Freeman School marketing class worked with officials from Fox Sports New Orleans to help develop a marketing campaign for the network’s coverage of Louisiana high school sports. This year, Fox Sports New Orleans showcased those ideas in a series of promotional spots that aired throughout the 2014 high school football season.
The ads were written and produced by Fox Sports New Orleans’ marketing staff, but Director of Marketing Mary Hyink says the spots were based in large part on ideas the students came up with. On the creative side, the students proposed a campaign that focused on the legacy of Louisiana high school sports and suggested using NFL stars who played high school football in Louisiana to promote the network’s coverage. Fox Sports New Orleans ended up engaging former NFL stars Jake Delhomme (above) and Randall Gay (below), both former Louisiana high school standouts, to promote its game of the week. Several Freeman students even participated in filming the spots. On the social media side, Fox Sports New Orleans adopted the students’ idea for a hashtag campaign — #wheredyageaux — to tap into the school pride that’s at the heart of the high school athletics experience. Hyink says the spots aired more than 300 times during football season.
“We had a great experience working with Tulane last year,” said Hyink. “Their ideas really helped shape our 2014 campaign.”
Hyink says Fox Sports New Orleans was so pleased with last year’s project, they plan to work with a class of Freeman students on a new project focused on its New Orleans Pelicans coverage in the spring 2015 semester.
Monday, December 1st, 2014
Jasmijn Bol’s paper “Performance Target Revisions in Incentive Contracts: Does Information and Trust Reduce Ratcheting and the Ratchet Effect?” has been accepted for publication in The Accounting Review. The paper was co-authored by Jeremy Lill, a PhD candidate in the Department of Accountancy at the University of Illinois at Urbana-Champaign. Bol is an associate professor and the PricewaterhouseCoopers Faculty Fellow in Accounting at the A. B. Freeman School of Business.
Tuesday, November 25th, 2014
It’s more than 2,200 miles from the A. B. Freeman School of Business to Quito, Ecuador, but in that faraway South American community, accounting professor Beau Parent is fondly remembered.
Freeman School alumnus Augusto Martinez fondly remembers his former accounting teacher, the late Beau Parent. (Photos courtesy of Augusto Martinez)
Thanks to the efforts of Freeman alum Augusto Martinez (BSM ’90), a new educational and recreational center near Quito recently was dedicated to the memory of Parent, who died on July 20, 2014. He was a much-beloved and award-winning instructor who taught Financial Accounting at Tulane to every business undergraduate for 37 years.
A former student of Parent, Martinez is president and CEO of Parquesanto S. A., a leading Ecuadorian corporation in the death care industry. In keeping with its ongoing social programs, the firm built the new center earlier this year to serve 150 families in an underprivileged neighborhood in southern Quito.
“I believe it will have an important impact in increasing the quality of life of the people in this area through health care, vaccination campaigns, training seminars and courses,” Martinez said. A plaque on the exterior of the building carries a dedication to Parent.
Martinez explained the project in an email message to Colette Raphel, Parent’s daughter, who is the university registrar at Tulane. Martinez said in his message that Parent put his heart and mind into educating young people and was “a world-class educator.”
In a speech dedicating the center, Martinez said, “I have been lucky to attend classes, seminars and courses in several countries around the world, and I have never encountered someone like Beau. He will remain in my mind and my heart as one of my heroes, someone who inspired me and others in many ways. His teachings, his friendship, his kindness, his inspiration and his smile will always be in my heart.”
Fundraising is currently under way online for the Beau Parent Memorial Scholarship Fund.
In Quito, Ecuador, neighborhood residents gather for the dedication of the new educational and recreation center that honors the memory of Beau Parent, who taught accounting at Tulane for 37 years.
Monday, November 24th, 2014
Have an idea to solve a social problem in New Orleans? Enter the 2015 PitchNOLA competition and you could win $10,000 to help turn your idea into a reality.
PitchNOLA entrants can win up to $10,000 to help bring their social change ideas to market.
PitchNOLA: Community Solutions is a live “elevator pitch” competition that offers community members a platform to pitch their solutions to pressing local problems. Presented by the A. B. Freeman School of Business, Tulane’s Center for Engaged Learning & Teaching and Propeller: A Force for Social Innovation, the competition seeks ideas that support children and families, the environment, workforce development, and economic security. A lengthy business plan isn’t required to enter. Applicants should be startup-stage ventures that have generated less than $50,000 in sales or grant funding in the previous calendar year.
This year’s competition will take place on Jan. 28, 2015, at Tulane University. Selected semifinalists will pitch their ideas in front of a live audience and a panel of celebrity judges, including Matt Flannery, founder of Kiva and Puddle, and Leslie Jacobs, CEO of the New Orleans Startup Fund and founder of PowerMoves NOLA. The grand prize winner will receive $10,000 to help bring his or her venture to market as well as pro bono technical assistance and consulting services from Propeller, which provides support for New Orleans-based social entrepreneurship ventures. In addition to the grand prize, an Audience Favorite Award, voted by audience members, will also be presented.
In its six year history, PitchNOLA has built an impressive record for helping to get high-impact social change ventures to the next level. Last year’s winner, Crescent City Connections, has since recruited 1,200 volunteers, facilitated contribution of over $155,000 in labor to worthwhile causes, and was named one of the top businesses to watch in 2014 by New Orleans Magazine. The Justice and Accountability Center, which earned first-place honors in 2012, has provided expungements to over 1,000 individuals previously incarcerated for non-violent crimes, significantly helping to reduce recidivism.
The contest is open to individuals or teams based in the greater New Orleans area and the deadline for applications is Dec. 19, 2014. For more information about the competition and to apply online, visit GoPropeller.org.
Wednesday, 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.”
Friday, 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.
Friday, 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.
Thursday, 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.”