Archive for the ‘Freeman News’ Category

Hannan honored as inaugural EY Professor

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.

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.

Hannan receives a plague recognizing her investiture from Tulane Provost Michael Bernstein, left, and Freeman School Dean Ira Solomon.

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.”

 


Dean Ira Solomon appointed to AACSB board of directors

Friday, November 7th, 2014
Ira Solomon

Ira Solomon

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.


Deloitte’s global CEO talks leadership and more

Friday, November 7th, 2014

What does it take to run the world’s largest professional services network?

Barry Salzberg, global CEO of Deloitte Touche Tohmatsu Ltd., devoted his R. W. Freeman Distinguished Lecture to answering questions from students.

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.

Salzberg devoted most of his presentation time to answering questions from students.

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.


Freeman team earns top prize in energy case competition

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.

Tulane ACG Cup photo

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.”


Freeman caps off centennial with time-capsule ceremony

Thursday, 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.

Party-GCR_8834

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.

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.

School-photo-600-GCR_9414

To see more photos from the time-capsule ceremony, visit the Freeman School’s Flickr page.

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MBAs meet with U.S. Embassy official in Argentina

Wednesday, October 15th, 2014

MBA-Global-Leadership-14534

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.


Conference explores morality in the marketplace

Tuesday, October 14th, 2014

When it comes to business scandals, names like Madoff, Leman and Enron are top of mind. But why do people misbehave in the marketplace? That was the subject of a conference on Friday (Oct. 10) at the A. B. Freeman School of Business at Tulane University. With discussions from anthropologists, psychologists, philosophers and military scholars, the meeting of the Moral Research Lab was no ordinary business conference.

Janet Schwartz, left, and Peter McGraw were organizers of "Morality in the Marketplace," an interdisciplinary research conference on morality and moral decision making.

Janet Schwartz, left, and Peter McGraw were organizers of “Morality in the Marketplace,” an interdisciplinary research conference on morality and moral decision making.

“Morality and the Marketplace” was the first in-person meeting of the lab, a virtual group of interdisciplinary scholars who study morality and moral decision-making. Nine researchers affiliated with the lab — including scholars from business, economics, psychology, philosophy and anthropology as well as representatives from the military, the National Institutes of Health and even a corporate fraud examiner — presented research aimed at better understanding why people behave badly in the market.

“I think the thing that’s interesting is that it’s interdisciplinary,” says Janet Schwartz, assistant professor of marketing at the Freeman School and organizer of the conference. “The researchers came together from all over to present their ideas about how to make this research more relevant to the practice of ethics.”

Conference co-organizer Peter McGraw, associate professor of marketing at the University of Colorado–Boulder, said that while the conference’s purpose wasn’t to tell people how to behave in a marketplace, the research presented can be used by policymakers and executives to help create more ethical work environments.

“When people think about a business school, they often have a very narrow perception of what they do,” McGraw says. “Business schools can inform public policy, support entrepreneurs or help consumer advocates, so any time you can help understand the marketplace at some micro or macro level, the ability to prescribe expands greatly. Business schools have a much broader mission than most people assume, and I think a conference like this can help highlight that.”

“Morality in the Marketplace” was co-sponsored by the A. B. Freeman School of Business, the Murphy Institute, Duke University’s Center for Advanced Hindsight, and the D. W. Mitchell Lecture Fund as part of the Provost’s Faculty Seminars in Interdisciplinary Research.


Students get down to business in City Park

Wednesday, September 24th, 2014

More than 400 business students converged on City Park Saturday (Sept. 20) for the first-ever day of service for Business TIDES, the Tulane InterDisciplinary Experience Seminars aimed at first-year students interested in majoring in business.

First-year student Ben McManus from Florida helps plant irises on Nursery Island in City Park. (Photo by Ryan Rivet)

Freeman School student Ben McManus helps plant irises on Nursery Island in City Park. (Photo by Ryan Rivet)

Organized by the  Center for Public Service in collaboration with the business school, the service day brought together students and instructors from all 27 sections of the Freeman School’s two TIDES courses. The students spent the morning working at 11 different sites in the park, doing everything from planting flower beds and clearing hiking trails to tearing down invasive vines and weeds that threaten the park’s native trees.

While the connection between business and cutting down ragweed might not be immediately apparent, Michael Hogg, associate dean for undergraduate education at the business school and one of the event’s organizers, says there’s an underlying message.

“As future leaders, our students need to realize that they’re an integral part of the communities in which their organizations exist,” he says. “Part of being a good leader is recognizing that you need to help the community, and business people are uniquely suited to do that because they’re good problem solvers.”

Business student Kody Low, who spent the morning pulling down vines in the area around Couturie Forest, says the project was especially satisfying.

“With a lot of community service work, you don’t really see the fruits of your labor until much later,” Low says. “What was nice about this is it was something we could do really quickly. You’d have entire trees you couldn’t even see and then after pulling down vines for 10 minutes, you’d have a great looking oak.”

“We saw a few people walking their dogs or with their kids in the park,” adds student Elena Garidis. “It was nice talking with them and hearing them say, ‘Thank you so much for doing this. We love the park, and we like seeing young people invested in the community and making a difference.’”

 


Key to success: Stay true to mission

Friday, September 19th, 2014

At first glance, the keynote speakers at the 35th annual Tulane Business Forum couldn’t have been more different. Laurie Ann Goldman helped build spunky shapewear manufacturer Spanx into an international brand with $250 million in annual sales, while David Dunlap heads Superior Energy Services, a $4.6 billion company that specializes in hydraulic fracturing and oilfield services.

Goldman-TBF_055

Laurie Ann Goldman, former CEO of Spanx, talked about some of the entrepreneurial lessons the company taught her as a keynote speaker at the 2014 Tulane Business Forum.

But despite their differences, the two executives had a similar message for forum attendees on Thursday (Sept. 18): Stay true to your company’s unique mission, and success will take care of itself.

Goldman, a third-generation Tulane alumna, said one of the keys to Spanx’s success was identifying the apparel company’s true mission: to help customers improve their self-esteem.

“We defined the look better-feel better connection with an accessible, best-friend mentality,” Goldman said, adding that the company helped women laugh about fashion challenges like the dreaded muffin-top.

“Laughing about imperfections is really just a part of sharing and helping women get comfortable with whatever they consider their problem areas to be,” Goldman said. “That spirit of fun and irreverence is really what separated Spanx.”

Dunlap, who became CEO of Superior Energy in 2010 and president in 2011, said the companies driving the current domestic oil production boom are looking for something that the big players in the industry — companies like Halliburton, Weatherford and Schlumberger — can’t provide

“The new customers want reliability, they want innovation and they want cost efficiency,” Dunlap said, noting that those were advantages traditionally associated with small companies.

Dunlap-2-330-TBF_093

David E. Dunlap, president and CEO of Superior Energy Services, said the developers driving the current domestic oil boom are looking for oilfield services firms with a small-company mentality.

Despite Superior’s large size, Dunlap said the company’s unique philosophy — buying regional, often family-owned companies and keeping those companies’ managers in place – has made it a good match for today’s market environment.

“[Our employees] have what we call a founder’s mentality,” Dunlap said. “They think about doing things faster and better and cheaper and easier. That’s the kind of mentality of management we’re looking for because that’s the kind of mentality of management that thinks like a small company.”

The forum, which took place at the Hilton New Orleans Riverside, kicked off with welcoming remarks by Dean Ira Solomon and also featured presentations by Laura Cox Kaplan, principal-in-charge of Government, Regulatory Affairs and Public Policy at PricewaterhouseCoopers; Iftikhar Ahmad, executive director of the New Orleans Aviation Board; Gregory C. Feirn, CEO of LCMC Health; and Wan Kim, CEO of Smoothie King.

The Tulane Business Forum is an annual presentation of the A. B. Freeman School of Business and the Tulane Association of Business Alumni (TABA), which uses funds from the forum to support a wide array of student-focused programs.

 


Tulane Business Forum reaches the height of success

Friday, September 5th, 2014

For its 35th annual program, the Tulane Business Forum highlights the achievements of renowned local, national and international organizations and the visionaries behind the scenes. These savvy business leaders will share the secrets of their successes in an enlightening and entertaining look at best business practices.

David Dunlap

David Dunlap

Laurie Ann Goldman

Laurie Ann Goldman

“Taking Flight: Business Leaders Executing Plans for Success” will feature keynote speakers David D. Dunlap, president and CEO of Superior Energy Services Inc. (Houston), and Laurie Ann Goldman, former CEO of SPANX (Atlanta). Dunlap will offer his perspective on how unconventional resource development has resulted in new opportunities in the oil and gas services market and how Superior Energy Services is effectively competing with industry giants. Goldman will draw on her past experience at shapewear powerhouse SPANX and illustrate how successful startups can become lucrative mainstays if complacency is not part of the business equation.

The Tulane Business Forum, presented by Iberiabank Corp. and sponsored by the Tulane Association of Business Alumni (TABA), will be held on Thursday, Sept. 18, from 8:15 a.m. to 1:45 p.m. at the Hilton New Orleans Riverside.

Other presenters this year include:

  • Ira Solomon, dean of the A. B. Freeman School of Business at Tulane University (New Orleans), will provide welcoming remarks.
  • Iftikhar Ahmad, executive director of the New Orleans Aviation Board (New Orleans), will describe the many reforms put in place at Louis Armstrong International Airport since May 2010 and outline his vision to achieve a world class airport.
  • Laura Cox Kaplan, principal-in-charge of government, regulatory affairs & public policy of PricewaterhouseCoopers LLP (Washington D.C.), will provide insight on the tactics and strategies that work in Washington for business and will share a few case studies to demonstrate these points.
  • Gregory C. Feirn, CEO of LCMC Health (New Orleans), will report on the expeditious growth of LCMC, a locally based non-profit healthcare system founded in 2009, and its role as a primary provider of health care in the Gulf Coast region.
  • Wan Kim, CEO of Smoothie King (Metairie), will talk about the advantages that led to his decision to move his company headquarters to Metairie and the vision for the brand’s future and global expansion.

The Tulane Association of Business Alumni (TABA) represents over 19,000 alumni worldwide, and the forum is its premier event. Each year, the forum features speakers of national and international acclaim who address a variety of business topics of interest to the business community.

Forum registration, which includes continental breakfast and lunch, is $160 for the general public and $130 for Tulane alumni. Accountants can earn five Continuing Professional Education credits and engineers can earn five Professional Development Hour credits by attending the forum. For more information or to register, visit TulaneBusinessForum.com or call 504-861-7921.



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