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.
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.
“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.
October 7th, 2014
At the September meeting of the Freeman School faculty, Dean Ira Solomon announced the recipients of five awards honoring professors for outstanding teaching, research and service.
The Dean’s Excellence in Teaching Award was established in 2012 to recognize faculty members who are outstanding instructors and whose teaching aligns with the strategic objectives of the school. The award – which is presented at both the graduate and undergraduate levels – is based on several criteria, including student evaluations, the level to which the faculty member integrates academic research into his or her teaching, and the extent to which the course provides high-impact experiential learning opportunities for students.
This year’s winner of the Dean’s Excellence in Teaching Award for Graduate Education is Geoffrey Parker. Parker, the Norman Mayer Professor of Business and professor of management science, joined the Freeman School in 1998 and was promoted to full professor in 2011. He is co-developer of the economic theory of two-sided networks, and his research explores the economics of and strategy of platform markets. In the classroom, Parker teaches Process Modeling and Technology Integration, Modeling and Analytics, and Platform Strategy, a course based in large part on his own research. He currently serves as research director of the Tulane Energy Institute and is a research fellow at the MIT Center for Digital Business and president of the Industry Studies Association.
The Dean’s Excellence in Teaching Award for Undergraduate Education was presented to Kris Hoang. An assistant professor of accounting, Hoang joined the Freeman School in 2012 after earning her PhD from the University of Alberta. Her research focuses on judgment and decision-making in corporate governance and audit settings, and her teaching emphasizes the role of accounting information in management decision-making and strategy. The Dean’s Excellence in Teaching Award is Hoang’s third teaching award this year. In the spring, Hoang received both the FSG Teaching Award, presented by the Freeman Student Government Executive Board, and the BSM Howard W. Wissner Award, selected by a vote of the undergraduate student body.
Established in 2012, the Dean’s Excellence in Intellectual Contribution Award was created to honor professors of practice and lecturers who have produced outstanding scholarly contributions. This year’s award went to Peter Ricchiuti. The William B. Burkenroad Jr. Professor of Practice in Finance, Ricchiuti began teaching at the Freeman School in 1986 and has served the school in variety of roles, including assistant dean and director of the Career Management Center. In 1993, he founded Burkenroad Reports, a student equities research program that has earned national accolades and helped place hundreds of students in finance positions. In 2014, Ricchiuti published his first book, Stocks Under Rocks: How To Uncover Overlooked, Profitable Market Opportunities (FT Press), an investing guide based on lessons he’s learned over the years as director of Burkenroad Reports.
Dean Solomon also announced a new award at the meeting. The Dean’s Award for Faculty Excellence was established to honor faculty members for outstanding overall performance. The award, presented each year at the discretion of the dean, recognizes professors who have exhibited sustained, exceptional performance in teaching, research and service. The inaugural recipients of the award are Michael Burke and Sheri Tice.
Burke, the Lawrence Martin Chair in Business and professor of management, joined the Freeman School in 1991 and holds an adjunct appointment in the Department of Environmental Health Sciences in Tulane’s School of Public Health and Tropical Medicine. One of the nation’s leading experts on worker safety training, Burke’s research focuses on learning and the efficacy of workplace safety and health interventions as well as the meaning of employee perceptions of work environment characteristics (psychological and organizational climate) and statistical procedures for assessing inter-rater agreement. Burke has chaired 34 dissertation committees and served as a member on an additional 51 committees at the Freeman School, the School of Public Health and Tropical Medicine, and the Department of Psychology. He also recently completed a term as chair of Tulane University’s Social Behavioral Institutional Review Board as is now serving as Management Area Coordinator at the Freeman School.
Tice, the A. B. Freeman Chair of Business and professor of finance, joined the Freeman School in 1998 and was promoted to full professor in 2010. Her research focuses on corporate finance and the effect of firm characteristics on the decisions and performance of firms and their competitors. In the classroom, Tice supervises and teaches the Darwin Fenner Student Managed Fund course, an honors seminar in which students at both the undergraduate and graduate levels read current scholarly research on value investing and manage three portfolios totaling over $3.8 million in Freeman School endowment funds. Tice also serves as faculty director of the Master of Finance program and recently concluded a term as Finance Area Coordinator.
“One of the joys of serving as dean is the ability to recognize excellence in one’s colleagues, and these five faculty members clearly deserve recognition,” said Dean Solomon. “I would be remiss, however, if I failed to note that selecting these individuals was anything but easy because excellence resides broadly within the Freeman School faculty.”
October 2nd, 2014
Ira Solomon, dean and Debra and Rick Rees Professor of Business, was interviewed for the October issue of New Orleans Magazine on the challenge of sustaining a family business over multiple generations.
Think it’s easy to keep a family business alive and well? Think again, says Dean Ira Solomon of Tulane’s A. B. Freeman School of Business. Only 40 percent of family-owned businesses in this country make it into the second generation, he says. And it gets more difficult as time goes by; just 13 percent make it into a third generation and a miniscule 3 percent are still family-owned by the fourth generation or beyond.
To read the article in its entirety, visit MyNewOrleans.com:
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.
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.’”
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.
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.
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.