Posts Tagged ‘Ira Solomon’
Tuesday, 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.”
Thursday, 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:
Tuesday, August 26th, 2014
As John Trapani listened to the names of graduates at this year’s Freeman School diploma ceremony, a thought struck him: Nearly half of the 700-plus degree recipients were from outside the U.S.
The Freeman School was recently ranked fifth in the nation for studying business abroad and fifth in the world for international business.
“I leaned over to one of our faculty members and said, ‘What you’re witnessing is the export of educational services,’” laughs Trapani, the Martin F. Schmidt Chair of International Business. “We’re exporting our services to China, Latin America and elsewhere, and that’s a good thing for the United States.”
As executive director of the Goldring Institute of International Business, Trapani has been exporting Freeman School educational programs for 25 years, but in the last several years, Trapani says the number of students enrolled in those programs has reached an all-time high.
“We don’t always get the recognition for it, but we have more than 500 students from around the world pursuing our master’s degrees right now,” Trapani says. “That’s a huge number for a school our size.”
The size and scope of the Freeman School’s international initiatives surprised even Dean Ira Solomon.
“When I was a candidate for the dean’s position, nobody really told me the extent to which the school has such a heritage of global engagement,” Solomon says. “There are other schools around the country that really beat their chests about these things, but we’ve been relatively quiet about it. That’s something I’d like to change, because there aren’t many other schools with the breadth and depth of experience in global business that we have.”
John Trapani has helped make Freeman one of the top schools in the nation for international business.
Summer is traditionally the time when many students in the Freeman School’s international programs travel to New Orleans to take classes in fulfillment of their campus residency requirements. This summer, the Goldring Institute welcomed more than 150 international students to campus for classes in conjunction with a variety of programs.
Those programs included the CENTRUM-Tulane Global EMBA program, a 48-hour dual degree program for executive students in Lima, Peru; the ICESI-Tulane Global MBA program, a 36-hour dual degree Master of Management program for MBA students in Cali, Colombia; the UFM-Tulane Master of Management program, a 36-hour dual degree master’s program for students in Guatemala City, Guatemala; and the Latin American Faculty Development PhD Program, a business doctoral program for faculty members at leading universities throughout Latin America.
While there was a lot of activity on campus this summer, it was just one small part of the Freeman School’s international summer programs. In addition to the students who visited New Orleans this summer, the Goldring Institute and the Stewart Center for Executive Education sent more than 250 students to Europe, China, Latin America and India for coursework in conjunction with various programs.
In a January Financial Times survey, students ranked the Freeman School fifth in the world for international business, and in July, education and careers website Business Research Guide rated Freeman as the fifth best school in the country for studying business abroad, a ranking based on commitment to excellence in international business education, variety of study abroad options for full and part-time students, and focus on global exchange with educational institutions across the globe.
While those rankings might surprise people who associate international business with high-profile institutions like the Wharton School, Trapani says they don’t surprise him one bit.
“I think what it tells us is our students like what we’re doing and think we really know what we’re doing,” Trapani says. “We may not be the biggest, but if our customers think we’re doing a good job, that’s a very good thing.”
Thursday, July 10th, 2014
Ira Solomon, dean and Debra and Rick Rees Professor of Business, is quoted in the current issue of CFO Magazine on a proposal to require auditors to disclose “critical audit matters” in their reports. The article explains the Public Company Accounting Oversight Board’s rationale for the plan as well as reasons why many CFOs and audit firms are uncomfortable with it.
What are we signaling to the users of financial statements when the auditor has to say, ‘Well, I reached that conclusion, but boy, it was really tough’?” asks Solomon. “Does it tell you that you ought to be more uncertain about that? What is it that you want me to think about when I consider loaning money to the company or investing in it?
To read the article in its entirety, visit CFO.com:
Wednesday, May 14th, 2014
The Association to Advance Collegiate Schools of Business (AACSB), the leading accrediting body for university business education, has approved the re-accreditation of all degree programs at Tulane University’s A. B. Freeman School of Business.
In May, the A. B. Freeman School of Business was informed that it had successfully completed its re-accreditation process.
The re-accreditation culminates a yearlong process in which a team of deans from peer institutions conducted a review of nearly all facets of school operations. In addition to studying data submitted by the school, the re-accreditation team visited the campus in December 2013 to meet with constituents and collect additional information.
“Our last re-accreditation took place in the aftermath of Hurricane Katrina, so it really wasn’t a full and comprehensive AACSB review,” said Ira Solomon, dean of the Freeman School. “In a sense, this is the first rigorous review we’ve undergone in a decade, so it’s very gratifying to learn that our peer review team shares the belief that we’re moving in the right direction and accomplishing the goals we set out to achieve.”
While accredited institutions are required to demonstrate that they meet certain specific standards of excellence, Associate Dean Clifton E. Brown said the process is less about compliance and more about ensuring that schools remain committed to continuous improvement.
“A main focus is whether we have processes in place that will successfully achieve our strategy and goals, particularly our learning and research goals, and whether we have processes that allow us to employ continuous improvement,” said Brown, who coordinated the re-accreditation process. “So its focus is on improvement, basically.”
In notifying Dean Solomon of its decision to extend accreditation, Robert Sullivan, chair of AACSB’s Board of Directors, commended the Freeman School for six specific strengths and effective practices.
• Development of a strategic plan
• Commitment to experiential learning
• Implementation of the MBA Global Leadership Module
• Ongoing programs with international partner schools
• Extraordinary efforts on the part of faculty and staff in the wake of Hurricane Katrina
• Integration of nodes of excellence and comparative advantages across all programs
The extension of accreditation is for five additional years. The Freeman School’s next Continuous Improvement Review will take place in 2018-2019.
Founded in 1916, AACSB International is the longest-serving global accrediting body for collegiate schools of business. The A. B. Freeman School of Business at Tulane University is one of the 16 founding members of the association. Today, nearly 100 years later, AACSB accreditation has become the internationally recognized hallmark of excellence in business education, with fewer than 5 percent of the world’s business programs earning the prestigious certification.
Tuesday, March 25th, 2014
Lynn S. Paine, the John G. McLean Professor and senior associate dean for faculty development at Harvard Business School, discussed the changing global environment and what it means for the next generation of business leaders in a special presentation at the A. B. Freeman School of Business on Thursday, March 20. Paine’s talk, “Leadership and the Future of Capitalism: Getting Serious about Sustainability,” was part of the Dean’s Distinguished Speaker Series.
“Lynn’s insights into what business leaders must do to address emerging political and economic challenges was both timely and fascinating,” said Ira Solomon, dean of the Freeman School. “It was truly a pleasure to give our students the chance to interact with a scholar of Lynn’s stature.”
Lynn Paine, right, with Freeman School Dean Ira Solomon, discussed leadership in the current business environment as part of the Dean’s Distinguished Speaker Series.
Paine is a member and former chair of the General Management unit at Harvard and co-founded the school’s required course on Leadership and Corporate Accountability. She currently co-chairs the Senior Executive Program for China. Her research focuses on the leadership and governance of companies that meld high ethical standards with outstanding financial results. Her publications, including more than 200 case studies, have appeared in a variety of books, periodicals and scholarly journals. Paine is most recently co-author of Capitalism at Risk: Rethinking the Role of Business with HBS colleagues Joe Bower and Dutch Leonard.
Paine’s other books include Value Shift: Why Companies Must Merge Social and Financial Imperatives to Achieve Superior Performance (McGraw-Hill 2003) and Leadership, Ethics, and Organizational Integrity (McGraw-Hill 1998). Her most recent articles include A Global Leader’s Guide to Managing Business Conduct (with Rohit Deshpandé and Joshua Margolis), Global Capitalism at Risk: What Are You Doing About It? (with Joe Bower and Dutch Leonard), and The China Rules: A Practical Guide for CEOs Managing Multinational Corporations in the People’s Republic—all published in the Harvard Business Review.
A member of Phi Beta Kappa and a summa cum laude graduate of Smith College, Paine holds a doctorate in moral philosophy from Oxford University and a law degree from the Harvard Law School. Before joining the Harvard faculty in 1990, she taught at Georgetown University Business School and the University of Virginia’s Darden School of Business as well as National Cheng Chi University in Taiwan.
Wednesday, March 5th, 2014
Ira Solomon, dean and Debra and Rick Rees Professor of Business, recently co-authored an opinion piece for CFO.com criticizing the Public Company Accounting Oversight Board (PCAOB) for misleading statements regarding the quality of public company audits.
Solomon and co-author Mark Peecher, professor of accountancy at the College of Business at the University of Illinois at Urbana-Champaign, take issue with the PCAOB for its use of the term “audit failure” — which has traditionally referred to the joint occurrence of an unqualified audit opinion and materially misleading financial statements — to describe audits in which the auditor simply failed to obtain sufficient appropriate evidence to support its opinion on the financial statements, regardless of the fairness of the financial statements in question. The authors go on to say that PCAOB criticisms of auditors’ evidential bases are themselves open to criticism.
One reason is that PCAOB inspections usually occur after fieldwork, so hindsight bias can surface, especially when inspectors try to assess audit work on management’s estimates, which often are predicated on future economic events. That is, inspectors form retrospective judgments about auditors’ judgments regarding the reasonableness of management’s judgments. The management judgments in question concern things like the reasonableness of complex financial-statement estimates or the sufficiency of internal controls. It is hard to manufacture precision at the end of this judgment chain when it starts with so much ambiguity and uncertainty.
To read the article in its entirety, visit CFO.com:
Wednesday, October 24th, 2012
Bloomberg is the world’s leading provider of news, data and analytics for finance professionals. Now, thanks to a new agreement, the Freeman School is making the company’s flagship desktop product — the Bloomberg Professional service — fully available to students.
In August, the Freeman School unveiled a new lab dedicated exclusively to the Bloomberg Professional service, the world’s leading financial news, data and analytics platform.
This summer, the Freeman School acquired 12 new subscriptions to the service, enabling the creation of a new computer lab dedicated exclusively to Bloomberg. The lab, located on the first floor of Goldring/Woldenberg Hall I, provides students with 24-hour access to real-time and historical data on commodities, derivatives, equities, fixed income and foreign exchange securities.
“Bloomberg offers users a staggering array of financial tools and information,” says Ira Solomon, dean of the Freeman School, who worked closely with faculty, staff and representatives from Bloomberg to make the lab a reality. “By making those tools and information available to students, we hope to enhance their understanding of key concepts and reinforce the theories they’re learning in the classroom.”
While the Freeman School’s Turchin Library has offered students limited access to the Bloomberg Professional service for a number of years, the new lab allows faculty members to fully leverage the power of Bloomberg in the classroom, enabling projects that let students apply conceptual knowledge to real-world examples.
Sheri Tice, for example, who teaches the Freeman School’s Darwin Fenner Fund course, is having her students use Bloomberg to run a host of sophisticated analyses on the fund, a $2.6 million stock portfolio managed entirely by the students.
“There are a bunch of portfolio analysis tools that are only available on Bloomberg,” says Tice, the A. B. Freeman Endowed Chair in Finance. “I can ask the students to determine if portfolio outperformance comes from taking on risk or represents abnormal performance, or I can ask them if outperformance comes from superior company-selection ability or industry-selection ability. The tools they need to answer those questions are only available on Bloomberg.”
David Lesmond, associate professor of finance, is having his Master of Finance students conduct a financial analysis of a firm, including forecasting what the company’s earnings are likely to be at the end of the semester.
“They’re using Bloomberg for almost everything,” says Lesmond. “As opposed to simply doing a problem at the back of a textbook, they’re using actual data to determine characteristics that we’d otherwise just talk about. It makes the lessons learned a lot more real.”
With the opening of the new lab, Freeman students now have access to the two leading financial data products on the market: the Bloomberg Professional service and Thomson Reuters Eikon, which is installed on work stations in the Freeman School’s Trading Center. According to Lesmond, that gives students a tremendous advantage.
“Every desk that does financial analysis is either going to have a Reuters terminal or a Bloomberg application,” Lesmond says. “By giving our students that experience while they’re still in school, they’re going to be able to step into those environments seamlessly and start contributing from day one.”
Tuesday, October 9th, 2012
Tulane University celebrates Homecoming 2012 next month, and as part of that celebration, the Freeman School is sponsoring a number of special events for business alumni.
Chef Brian Landry of Borgne will be on hand to serve his acclaimed Louisiana cuisine at the Freeman School’s tailgating party on Saturday, Nov. 3.
On Friday, Nov. 2, Freeman will host an Open House, Tour and Q&A with Dean Ira Solomon from 4 – 5 p.m. in Goldring/Woldenberg Hall II. If you haven’t been to campus lately, it’s a great chance to catch up with Freeman, see our facilities and learn about some of the exciting things going on.
Then, on Saturday, Nov. 3, join us for tailgating at the Freeman School tent in Champions Square at the Mercedes-Benz Superdome prior to the Tulane-Rice football game. This year’s tailgating party honors the BBA/BSM classes of ’62, ’67, ’72, ’77, ’82, ’87, ’92, ’97, ’02, and ’07, but all alumni of the Freeman School are invited.
In the last few years, it’s become a Freeman tradition to invite some of the top chefs in New Orleans to provide food for our tailgating party, and this year is no exception. Joining us will be Brian Landry, executive chef of Borgne, the newest member of the John Besh Restaurant Group, who will be serving his acclaimed Louisiana cuisine in the Freeman School tent from 11 a.m. to 2:30 p.m.
Those activities are in addition to Tulane’s long list of university-wide events, including a Town Hall with President Scott Cowen, the Helluva Hullabaloo Auction and Party, and the Wave ’12 All-Alumni Reunion Party and Concert featuring the Rebirth Brass Band.
For more information and to register for events, visit http://tulane.edu/homecoming or contact Rhonda Brown at firstname.lastname@example.org or (504) 862-8470