Farmer School of Business Dean’s Report 2008
In Business Week’s 2008 survey of the nation’s best undergraduate business programs, the Farmer School was ranked 24th overall and 8th among those offered by public universities and colleges. Ours was the highestranked undergraduate business program in Ohio. We are very proud that the magazine recognized what we feel are the School’s strengths: Commitment to excellence
in teaching, with accessible
faculty who are experts in
their fields; An emphasis on experiential
learning, international study,
and leadership development; A strong entrepreneurship
program; A network of relationships
with business leaders, which
enables us to bring
outstanding speakers to
campus; Active recruitment of our
students by several hundred
employers, who also
value our students as summer
interns. Within six months
of graduation, 96 percent of
the Class of 2007 was
employed full time or
enrolled in a full time
graduate program.
Statement of Nondiscrimination Miami University is committed to providing equal opportunity and an educational and work environment free from discrimination on the basis of sex, race, color, religion, national origin, disability, age, sexual orientation, gender identity, military status, or veteran status. Miami shall adhere to all applicable state and federal equal opportunity/affirmative action statutes and regulations. The university is dedicated to ensuring access and equal opportunity in its educational programs, related activities, and employment. Retaliation against an individual who has raised claims of illegal discrimination or cooperated with an investigation of such claims is prohibited. Students and employees should bring questions or concerns to the attention of the Office of Equity and Equal Opportunity, Hanna House, 529-7157 (V/TTY) and 529-7158 (fax). Students and employees with disabilities may contact the Office of Disability Resources, 19 Campus Avenue Building, 529-1541 (V/TTY) and 529-8595 (fax).
Farmer School of Business Mission Statement To
be a premier business program
that provides students with the life-long ability to acquire knowledge and translate it into responsible action in a competitive global environment.
Table of C ontents Dean’s Report 2008 Dean’s Message
2-3
Experiential Learning
4-9
Global Perspectives
10 - 13
A Diverse Society
14 - 17
Graduate Programs
18 - 21
Academic Leadership
22 - 25
Strategic Relationships
26 - 28
List of Speakers
29 - 36
New Building Update
37 - 38
Donor List
39 - 44
Advisory Boards
45 - 48
2
Dean’s Message
D ean ’s M essage
I am very excited about having all our students and faculty under one roof, and have high
Roger Jenkins, Dean
expectations of the synergies that will result. Miami University President
As we prepare for our summer 2009 move into the Farmer School’s new, state-of-theart facility, we are focused on the many ways in which the building will create positive change in the way we learn and interact. It will provide essential support for our five-year plan, combining high-
David Hodge has outlined his goals for “the engaged university.” This report outlines the many ways in which we currently strive for an engaged learning process, as well as initiatives that will further involve students in their own educational experience. Challenges will continue over
tech resources with a design that
the next several years. We must be
encourages personal interchange
aggressive in our efforts to recruit
and collaboration among
and retain the very best faculty
all members of our learning
in this era of unprecedented
community.
imbalance between the demand
Farmer School of Business
3
Dean’s Report 2008
for and supply of business Ph.D.s. We also must expand our endowment to keep the school nimble in its response to emerging
into the future, we need your
needs and opportunities.
help to improve both our level of
a community dedicated to
giving and our rate of giving. Since
continuous improvement.
those who give to their school
With the valuable help of our
usually stay more involved with
alumni, friends, and other
it, an increased level of giving will
stakeholders, we are making
translate into a larger and more
real progress on our journey
informed network of Farmer
“from good to great.” Our
School alumni.
accomplishments are reflected
A number of extraordinarily generous donors, profiled in this report, are making a major difference in several areas of endeavor at the school. Other gifts, from people whose names appear on pages 39-44, will help the Farmer School meet the needs of tomorrow’s business students. I am deeply grateful to everyone who has chosen to invest in the school. Our alumni giving rate, however, is still low, especially in comparison with that of our peer institutions. If we are to remain a healthy institution
The Farmer School is
in the most recent Business Week survey of undergraduate business programs, in which we ranked 24th overall and 8th among public institutions. We invite you to accompany us on this journey. Warm personal regards,
4
Initiative 1
E xperiential L earning It is our goal to give all students
We also take our students to the
opportunities to apply their knowledge
heart of U.S. finance through our
and skills to real challenges from
popular Wall Street Week in New
real companies. Students in our new
York City and Understanding Capital
Highwire Brand Studio, marketing
Markets Week in Chicago.
capstone, and Human Capital Metrics courses transform their classrooms into fertile idea labs, while members of several student business organizations consult with area businesses on everything from information systems to marketing.
Our entrepreneurship program has university-wide impact, thanks to the high level of interest these courses generate and the diverse backgrounds of entrepreneurship faculty members. We have made real strides toward implementing the inverted classroom, a teaching strategy in which students listen to lectures on their own time so that class time can be more productively spent on interactive coursework, in tandem with the instructor. — RLJ
Joshua Schwarz
Management Professor
Farmer School of Business
5
Dean’s Report 2008
When undergraduate
The charge from Chicago-
creativity addresses real-world
based DHR was to develop a
business challenges, the resulting
new brand for the firm, and a
ideas can have real impact. The
communications plan to support
Farmer School continues to create
it. Tesco officials asked each of the
opportunities for its students to
three Highwire teams to generate
harness their problem-solving skills
25 ideas for ways in which the
in real ways that help real clients.
retailer could improve its sales
Here are three examples:
and service.
Fresh Concepts for Established Businesses In January of 2008, the Farmer School helped revamp the Laws, Hall & Associates practicum, which has been a popular and successful interdisciplinary course since 1971. The second generation program, called Highwire Brand Studio, focuses intensively on marketing, branding, and design. Highwire took on executive search firm DHR International as its client for spring semester and UK
very do-able innovations and
supermarket chain Tesco for its
others really challenging Tesco
London-based summer program.
to re-evaluate their long-held assumptions and to take some
“Highwire’s emphasis is on
risks.”
the development of ideas for the client and putting those ideas in
Crunching the Numbers in Management
a strategic framework,” explained
Joshua Schwarz’s Human
Gillian Oakenfull, one of the
Capital Metrics class brings data
marketing faculty members who facilitates the program. “We are getting the cream of the crop in terms of marketing and graphic design students, plus students
Students Lauren Meeth (L) and Wendy Laria pose with Dean Jenkins and PricewaterhouseCoopers principal Don Bush at the Golf Fore a Cure event.
the specific charge.”
Each semester, his students tackle assignments from companies looking at issues related to employee behavior. Two recent
from other divisions whose academic focus is aligned with
analysis to human resources issues.
“Tesco was absolutely blown
clients were Intercontinental Hotel
away by what the students came
Group and Pennsylvania-based
up with,” said marketing faculty
Sheetz Inc.
member Tim Greenlee. “Each team took a different approach, some focusing on short-term,
6
Initiative 1 Richard
and Jill
Barclay Chaifetz ’80
Giving Farmer School students the means for hands-on learning about finance was a compelling motivation for Dr. Richard Chaifetz and his wife, Jill Barclay Chaifetz. The Chicago-based couple’s $3 million gift underwrites a simulated trading center in the school’s new building. The Chaifetz Trading Center will
Jill earned a bachelor’s degree in accountancy from Miami University.
enhance the real-world learning of
After earning her CPA, she worked
undergraduate and graduate students
for Arthur Andersen and later for
by allowing them to participate in
Refco Corporation. As an active
simulated financial market activity
philanthropist, she sits on the boards of
as an integrated part of their finance
several nonprofit organizations and is
curriculum. Simulated transactions will
a trustee of the Chaifetz Foundation,
be based upon real-time electronic feeds
which focuses on education, athletics,
from Bloomberg and Reuters on dozens
children’s causes, and assistance in
of dual-monitor computer stations. The
underdeveloped countries.
high-tech, 1,800-square-foot facility will feature a “pit” surrounded by glass walls for viewing, scrolling stock market tickers, and projection screens. “We are excited about funding a
Rich, a member of the Farmer School’s Business Advisory Council, is the founder, chairman, and CEO of ComPsych Corporation, the parent company of 14 affiliated entities,
resource that we see as a vital part of a
including the world’s largest provider
business student’s education,” said Rich
of employee assistance programs and
Chaifetz, who is a major participant
numerous other businesses that provide
in the private equity and hedge fund
behavioral health, wellness, work-life,
markets. “The Chaifetz Trading Center
legal, and financial services to corporate
will give students hands-on experience
America under the GuidanceResources
in using market data and financial
brand. ComPsych provides services to
modeling — important skills for any
more than 27 million individuals and
career in business.”
11,000 organizations in the U.S. and 92 other countries.
Farmer School of Business
7
Dean’s Report 2008
Improving Ice Rink Access “Both of these projects
A student suggestion to
to expedite online scheduling.
used company data to analyze
MIS faculty member John
Benamati, a broomball player
the connections between human
(Skip) Benamati spurred a class
himself, understood the problem
resources data and measures of
project that will improve access
and liked the idea of assigning his
organizational performance,”
to Miami’s Goggin Ice Arena.
class a real project that would have
Schwarz explained.
Goggin habitué Dan Shugarts, an
a positive impact on the university
MIS major, found that the arena’s
community.
Nicole Tope was a leader on the IHG project, in which students analyzed data to determine if there were correlations between the level of employee engagement
website made it difficult for hockey and broomball teams to schedule their ice time. Shugarts suggested to
The students were charged with creating a website that was useful, attractive, and easy to navigate. To create the scheduling
and a hotel brand’s revenue
Benamati, the teacher of his IT
function, students wrote a code
generation index, gross operating
Project Management class, that
that allows 200 teams each season
profit, revenue, and occupancy.
the class redesign the website
to schedule eight games apiece.
“This was by far the most intellectually and interpersonally challenging assignment I have ever been given,” she said. “This project tested my abilities to manage time and to communicate with and
Optimé Sales Challenge
motivate my group members, as
Students are divided into teams
well as to calculate and produce
and must apply their sales
hundreds of regression lines in the statistics program we used.”
consultation techniques learned in class in a sales expo-type environment.
“It’s a very complex algorithm, which must recognize conflicts and manage them,” said Kevin Ackley, director of programming at the ice arena. “The new site is a big improvement: it recognizes a person’s Miami unique ID and allows teams to schedule their season games in much less time.”
8
Initiative 1 Working Across Disciplines The school collaborates with other Miami divisions to develop experiential programs in teams whose members’ interests, skills, and approaches may vary widely. The Student Venture Fund,
The Highwire Brand Studio, for example, generates creative sparks
part of our Page Center for
from a diverse mix of participants
Entrepreneurship, made grants
in business, fine arts, and other
to help two alumni businesses
divisions. Similarly, the Interactive
expand their level of operations
Media Studies program draws
and marketing.
students from many majors and challenges them to create new media products for customer companies. Students across the university flock to our entrepreneurship courses, where they learn to take calculated risks, develop ideas into marketable concepts, and lead through innovation. Our social entrepreneurship initiative, Edun LIVE on Campus, is being replicated at other universities, its sustainability emphasis resonating among college students
in the nation, with several team members earning awards for their
Engaged and Committed To help Miami become the
courtroom skills. The program,
model of an “engaged university,”
coached by members of the
the Farmer School continues to
From Courtroom to Capital
Farmer School’s business law
increase the ways students can
Support
faculty, attracts students from a
apply what they learn in the
number of academic fields.
classroom to real situations.
nationwide.
Co-curricular activities also help students develop real-world skills and strengthen their leadership qualities. Three organizations distinguished themselves this year: Miami’s James R. Lewis Family Mock Trial program finished its 2007-08 season third
Pi Sigma Epsilon marketing
Examples include our Wall
fraternity, under the guidance of
Street Week and Understanding
marketing faculty member Don
Capital Markets programs,
Norris, again captured the nation’s
both led by Mark Griffiths, Jack
Top Chapter award and received
Anderson Professor of Finance.
kudos for its fund-raising and
From the outset, these weeklong
consulting projects.
immersions in the financial districts of New York City and
Farmer School of Business
9
Dean’s Report 2008
Chicago, respectively, have proven themselves valuable to participants. As a result, applicants must meet ever-higher standards to be accepted. “We had four times as many
Richard ’61 to point out how much has changed
Wall Street Week,” said Griffiths.
since he attended Miami University
“Brisk competition for our
50 years ago, he knows that the
experiential learning programs has
university is still teaching the tangible
a positive effect on everything:
and intangible lessons that really
student motivation, the caliber
matter.
quality of the relationships we form with the alumni involved.”
Sandra Forsythe
Although Richard Forsythe likes
applicants as places for the 2008
of the program content, and the
and
“As an economics major, I learned the importance of honesty and ethics. I also learned how to read a financial statement. These lessons have served me well and continue to be fundamental to a business education,” said the information technology entrepreneur. The university also taught Forsythe that he could plot his own career path. “Because of Miami I connected
interpersonal,” he said. “Technology is a priority for us, and we believe that the new technology center will truly connect our students to the world. The student commons will give students and faculty a place that promotes personal interaction.” Forsythe, who earned a B.S. in economics from Miami, joined IBM upon graduation. Ten years
with IBM and had the courage to
later, he co-founded a company that
consider career options besides my
later became Forsythe Technology.
family’s paper business,” he explained.
The company now employs more
Forsythe and his wife, Sandra, have committed $10 million to equip a library, student technology center,
than 700 professionals in the U.S. and Canada. Sandy Forsythe attended DePaul
and commons area in the Farmer
University and worked as a flight
School’s new building.
attendant for American Airlines.
“For Sandy and me, the goal is to help students make important connections – technological and
She currently is actively involved with several organizations for the visually impaired.
10
Initiative 2
G lobal P erspective In pursuit of a goal of global literacy for everyone in our learning community, we are actively seeking the resources to enable all Farmer School students to participate in studyabroad programs. Programmatic resources are expanding rapidly: Currently we enjoy eight international exchange partnerships that connect us to dynamic areas of the world and provide opportunities for students and faculty members. Recently, we’ve had the honor of hosting delegations from several other universities with whom we’re negotiating similar agreements. Equally important are financial
On our journey “from good to great,” our students are
resources that will permit all students
observing first-hand how our
to afford a study-abroad experience.
global neighbors live, work, and
We are building a scholarship
think.
endowment for this purpose and are actively working to identify donors who understand that global literacy is a must in the 21st century. — RLJ
“Most of the valuable things you learn here in Korea can’t be read in books,” wrote Beth Mowbry from Wonju, Korea, as she participated in a Farmer School exchange semester at Yonsei University. “I will do things differently now, like using only the amount of water I really need,” said
Pacific Rim Summer Program students took part in a notewriting and paper-folding activity to express sympathy and solidarity with the victims of the earthquake.
Sichuan
Farmer School of Business
11
Dean’s Report 2008
Asia Program Innovations Carmen Esparza, after studying
The Higgin Kim Asia
sustainability issues during the
Business Program expanded its
Farmer School’s summer program
opportunities with the addition of
in Costa Rica.
a two-week Southeast Asia study
“I took every opportunity available to submerge myself in Korean culture,” said Emily
workshop during Miami’s winter break. The inaugural trip, led by the program’s director, Sooun Lee,
Heiser, who capped her Master of Accountancy program with a summer term at the University of Seoul. “When I returned to my parents in Cincinnati, I had a renewed emotional intelligence, an insatiable curiosity for differing cultures, and many stories to tell.” Semester Study Opportunities The 2007-08 academic year saw a further expansion of our international offerings. New semester exchange agreements
took students to Cambodia, Hong
with Beijing Jiaotong University
Kong, and Vietnam, which now
and Sun Yat Sen University bring
boasts the second-fastest-growing
our existing exchange relationships
economy in Asia. The program
to eight and allow students to
schedule combined class meetings,
study in France, Korea, and in
company visits, guest lectures, and
many regions of China, including
cultural tours.
Hong Kong.
The Southeast Asia program
As we introduce new
repeats this winter; a three-week
opportunities, we celebrate the
workshop in India is scheduled in
40th anniversary of the semester-
the summer of 2009.
MBA students Ryan Dillard (L) and Andy McMullen completed their global consultancy in Belgium
China Business Program
with industrial mineral company
abroad program that has made a world of difference to many students: the Miami University Dolibois European Center in Luxembourg.
Students who want an Asian focus for their business studies are invited to enroll in our China Business Program, now well established in its third year. The program typically provides a three- to four-year
Imerys. Above: Berlin’s Holocaust Memorial.
12
Initiative 2 framework for participants, who enroll as incoming freshmen or as sophomores. Besides giving
Higgin Kim ’69
participants an added “China dimension” to their pre-business
Opportunities for Faculty
and business studies, the program
Members
includes classes in Mandarin and in Chinese culture. “China’s culture is very different from our own, but my participation in the China Business Program prepared me well for the six weeks I spent in Tianjin the summer after my freshman year,” said Dennis Norton. “I felt comfortable meeting and getting to know people.”
An essential element in creating global literacy within the Farmer School is enabling faculty members to travel and teach in other countries. Economics professor Mark McBride participated in a 2007 teaching exchange that placed him in a classroom on Yonsei University’s Wonju campus. “Communicating with the students — while challenging
As a loyal alumnus of Miami University, Higgin Kim has worked tirelessly to forge connections between the university and the business community in his native Seoul. He helped faculty member Sooun Lee develop the Farmer School’s Pacific Rim summer study program. Kim and his wife, Sohyung, take a personal interest in Lee’s students, each year hosting participants at his company, Byucksan Engineering and Construction Co. Now with a gift of $1 million,
— led me to teach in new ways,”
the Kims have established the Higgin
looks forward to studying in
he observed. “I enjoyed learning
Kim Asian Business Program, under
China and completing a semester
about traditional Korean foods,
the direction of Lee.
internship there. “The China
differences in social customs, and
Business Program has motivated
differences in the political and
me to study and eventually work
economic aspects of their lives.
in China,” she said. “The language
I particularly enjoyed learning
program at Miami has helped me
from both the students and the
to improve immensely.”
faculty about Korea.”
Classmate Christine LaDu
“I wanted to express my appreciation to Miami for the wisdom I learned there,” Kim said. “I decided to make a gift to support Asian studies, and after many discussions with Dean Jenkins and Sooun Lee, I decided to focus my financial support on facilitating the Pacific Rim program. “The years I was at Miami were among the best moments of my life. It took more than 40 years for me to realize it was about time I did something for ‘my Miami.’ This has been one of the best decisions I’ve ever made, and I’m very proud.”
Pictured at left: the Higgin Kim family
Farmer School of Business
13
Dean’s Report 2008
Making the Oxford Campus
James Lewis ’63 of the Miami University Campaign For Love and Honor. In 1989 Lewis founded the global investment management company Geometry Group Inc. He is also a founder and current chairman of Vietnam Partners LLC, which is focused on providing capital to promising ventures in Vietnam. As the Farmer School’s international programs take root in Asia, a new gift from James W. Lewis and his family is helping to open the door to Vietnam. This country’s success in emerging from a troubled political past to build a vigorous economy makes it a source of many valuable lessons for our students and faculty members.
“On behalf of Vietnam Partners
International As we send more of our students and faculty members abroad, we also are welcoming more students from Europe and Asia. These students, who spend a semester or more on the Oxford campus, enrich classroom discussions and cocurricular activities with their own perspectives and add variety to Miami’s cultural life. They also are
LLC, I am proud to support this
intrigued by what they learn first-
initiative enabling the Farmer
hand about American culture.
Business School, its students, faculty and the university community to learn about Vietnam,” Lewis said. “As the newest member of the World Trade Organization, this dynamic country of 87 million people is playing an increasingly important role in the global environment. I believe
This gift, which will support
this Vietnamese initiative integrates
Vietnam-related student scholarships
very well with the Farmer School’s
and faculty development, is the latest
other Asian business studies and the
in a series of investments that the
overall academic experience at Miami
Lewis family has made in Miami.
University.”
“I like the American ‘work hardest, play best’ approach to life,” said Yan Wang, a student at Shanghai University of Finance and Economics who studied at Miami for a semester in 2007. “Students here have a good work ethic, but they also have a good time hanging out with friends on the weekends. It makes for balance.” A student initiative
A few years ago, they provided
established the China-American
critical support for Miami’s Mock
Business Organization (CABO),
Trial teams, which are coached by the
which builds bridges between the
Farmer School’s business law faculty
two cultures and helps student
and which consistently distinguish
members develop networks
themselves in national competition.
that lead to internship and
Lewis, a 1963 marketing graduate, has also contributed to Miami University and the Farmer School in a number of strategic ways, currently chairing the school’s portion
job opportunities. The CABO executive committee designed a program, Culture Shock 101, to welcome and orient the more than 100 new Chinese students who are studying at Miami this year.
14
Initiative 3
A Diverse Society Today’s workplace brings together people whose values, expectations, backgrounds, and cultures vary widely. If they are to be successful business leaders, our graduates will need to understand diverse points of view and manage sensitivities. The school’s challenge is to help our students appreciate the richness that diversity can bring to an organization, while giving them the tools to help people who are different from each other work together productively and harmoniously. — RLJ Regardless of where their careers take them, our graduates will find that their future neighbors and co-workers come from diverse ethnic, cultural, educational, and philosophical backgrounds. Learning to appreciate the distinctive contributions of people who are different from them will greatly enhance our students’ prospects for personal and professional success.
Farmer School of Business
15
Dean’s Report 2008
gender orientations, and faiths. In so doing, they are asked to
to participate in programs that
own identity and upbringing have
expose them to people different
shaped their belief system and
from themselves. The Buck
responses to the world around
Rodgers Business Leadership
them.
Program, for example, matches
professor of marketing, is Marketing, Associate Professor
developing an interdisciplinary, experiential learning capstone that focuses on diversity.
Diversity in the Curriculum We are actively preparing our students to recognize and welcome the contributions of all members of a business organization. As a first step, we are committed to creating a more broadly representative faculty and student body who will enhance the curriculum with their distinctive points of view. This past year we changed our diversity requirement to focus on the U.S. workplace. Our students must take a class that increases their awareness of other ethnicities, cultures,
We encourage our students
explore the ways in which their
Gillian Oakenfull, associate
Gillian Oakenfull
Co-curricular Experiences
“In this experiential learning
up its participants with students at Jefferson Elementary School in nearby Hamilton. These students represent various minorities, and nearly all live in poverty. Not only does “Buck” provide opportunities for the young
class, which we’re calling
adults and youngsters to become
SocietyWise 360°, students
acquainted and learn from each
will collaborate with partner
other, it also offers our students
organizations at Miami and within
a an opportunity to serve as role
local communities to immerse
models.
themselves in African-American, Hispanic, Asian-American, or GLBT (gay, lesbian, bisexual and transgendered) communities,” she explains. “Then they’ll use their research-driven understanding of minority consumers’ attitudes, values, and beliefs to develop a targeted marketing campaign to the most attractive of those minority markets for a client brand.”
Our one-hour diversity workshops have proven effective in spurring discussion about stereotypes, prejudices, and discrimination that can affect the workplace environment and relationships within it. These sessions, sponsored by the
end of the sessions, I frequently hear students say, ‘This diversity
16
workshop was not what I thought
Initiative 3
it was going to be; it was different and made me think about these issues from a real-world Farmer School’s Office of Student Organizations and Development, fill up quickly, says director Michelle Thomas. “Students know that business
perspective.’ ” Community Partnerships In October of this year, the Farmer School helped sponsor the “Voices of Leadership: Winning
is global and that they must feel
through Diversity,” presented by
very comfortable working with
Fifth Third Bank in Cincinnati
diverse teams. They are also
and organized by bank employee
keenly aware that companies look
Jeremy Livingston (marketing and
for competency in the areas of
finance ‘06, shown below, center).
diversity and inclusion,” explains Thomas. “The company that facilitates these workshops brings real-life scenarios and cases to our students for reflection and role playing. “Initially, students may attend
“The symposium featured five Fortune 500 executives who spoke to the importance of diversity and how it drives a successful organization,” says Livingston. “We also wanted to show businesses that diversity
the workshop for reasons of
is not a stand-alone function.
competitive advantage; however,
Instead, it’s an evolving process
they walk away with a lot more
that must be strategically
and are surprised that diversity
integrated into an organization’s
takes so many forms. At the
philosophy and operations.”
Farmer School of Business
17
Dean’s Report 2008
David ’72 David Herche knows the value
and Vicki
Herche
member of the Miami Academy of
and increasing the diversity of faculty
of well-developed entrepreneurial
Entrepreneurs; his wife, Vicki, is an
and students within the Institute for
skills. After graduating from Miami as
educator and community volunteer.
Entrepreneurship,” Herche said.
an accountancy major and working
They felt it was important to
for Arthur Andersen, he found his
strengthen entrepreneurship education
real calling some years later when he
at their alma mater and at the same
was an accountant with engineering
time help Miami’s diversity efforts.
and fabricating company Enerfab.
They have committed $1 million
As the Cincinnati-based company
to establish an endowed assistant
faced major difficulties and planned to
professor chair within the university’s
sell, Herche purchased it and turned it
Institute for Entrepreneurship.
around by expanding its capabilities, its markets, and the mindset of its employees. More recently, Herche has
In the selection process for the David and Vicki Herche Endowed Assistant Professor Chair, preference will be given to candidates who have
demonstrated his entrepreneurial
an interest in teaching minority
and leadership skills at the helm of
entrepreneurship. Ideally, the position
WestChester Marketing, making
will attract a minority candidate
the industrial and protective clothing
who will help recruit more minority
importer profitable and steering it to
students to the program.
market leadership. Herche is a former member
“This gift addresses two objectives that Vicki and I believe
of the Farmer School’s Business
are very, very important for Miami:
Advisory Board, current Miami
helping as many students as possible
University trustee, and a lifetime
to develop an entrepreneurial mindset,
“We were also very inspired by Dick and Joyce Farmer’s creation of a fund that matches other gifts of endowed junior faculty chairs. Like the Farmers, Vicki and I want to ensure that the Farmer School will be able to attract the best emerging business faculty members for many years to come.”
18
Initiative 4
G raduate P rograms In a very real sense, our three
graduation. Our faculty members
fine graduate programs are catalysts
enjoy the challenge that teaching
within the school, sparking new
these high-caliber students presents,
ideas among our faculty, creating
and the intellectual energy that ensues
productive academic relationships
stimulates undergraduate education.
between student and professor, and generating program innovations. Who benefits from these
These graduate programs also widen our window on the business world. Our MAcc coursework
graduate programs? We all do.
emphasizes the latest issues
As we prepare our graduate students
— such as integrity in governance,
for careers as business leaders or to
stewardship in risk management, and
excel in further graduate work, the
transparency in business reporting
school is enriched by their enthusiasm
— facing businesses today. Master’s
and creativity, as well as by their
degree students in economics work
professional accomplishments after
closely with faculty members in doing research on topics that reflect current realities in the marketplace. And our MBA students address real-world business leadership challenges through their internship assignments. — RLJ
Farmer School of Business
19
Dean’s Report 2008
While the Farmer School’s primary mission will always be
The program also thrives
undergraduate education, we
through referrals. Davis explained
are convinced that high-caliber
that MEcon graduates who have
graduate programs enhance the
gone on to earn Ph.D.s and teach
quality of all students’ education.
now send their students to the
The small size of our three niche
Farmer School for their master’s
programs allows the school to per-
degree — a prized validation of the
sonalize the experience for each
program’s quality.
student and to adjust the curricula to reflect changing conditions in the world of business. An Upward Demand Curve Our Master of Arts in economics (MEcon) program is notable for the outcomes it creates for our students. Upon completion of the program, these newly minted “masters” are in demand by public and private sector employers. Those graduates who elect to continue their education are admitted to prestigious Ph.D.
an exit paper, working closely
programs and law schools.
with a professor who guides the
“We have been successful in creating a set of employers who return each year to hire our graduates,” said George Davis, chair of
A Nimble, Relevant Program The Farmer School’s Master
project and helps the student ap-
of Accountancy (MAcc) program,
ply the tools of modern economic
nationally ranked number 18,
theory and econometrics.
serves to advance the profession
“Current events tend to be
by giving students a thorough preparation for the ever-increas-
the Department of Economics.
reflected in the choice of topics
“This set includes AC Nielson,
for exit papers,” said Davis. “Last
Ernst & Young, Duff & Phelps,
year, one of our students wrote
and the Modeling Group. Ernst &
about housing prices. We recently
Young and Duff & Phelps recruit
heard the defense of a paper that
our students specifically for their
examined the long-run economic
transfer pricing office.”
feasibility of biodiesel fuels. It’s
not just about accounting; we
not unusual for these papers to
prepare our students for careers
produce new knowledge and to
beyond tax and assurance. Here in
develop into published articles.”
the Farmer School, they develop
MEcon students enjoy small classes and easy access to faculty members. In the program’s final summer term, each student writes
ing challenges accountants face, whether they enter public accounting or work in a corporate setting. The program, however, is
bonds with a small, close-knit community of scholars and, in the business community, they build a network of seasoned professionals. Each year, they attend the Executive Conference sponsored
20
Initiative 4 by the Farmer School’s Center for Business Excellence (CBE), where they discuss issues of risk management, transparency, sustainability and governance. “Integrating the MAcc students into the CBE Executive Conference also provides a unique opportunity for our students to meet with leaders in the profession to discuss critical challenges facing their organizations,” said Marc Rubin, chair of the Department of Accountancy. “This experience dovetails with our curriculum, which we continually assess and adjust to make sure that it is relevant and reflects the demands of the profession, including the move toward International Financial Reporting Standards. Our courses on risk, fraud, valuation, and technology controls were all designed in recent years to meet the changing requirements in the auditing profession.” An innovative two-course capstone sequence, taught by accountancy faculty members Brian Ballou and Dan Heitger, the co-directors of the CBE, provides in-depth exposure to the areas of corporate governance, enterprise risk management, and transparent business reporting. The response has been enthusiastic. “The material we learned in class was amply illustrated by what we learned first-hand from
visiting speakers and the discussions at conferences sponsored by the CBE. The opportunity to meet and talk with senior executives as well as a variety of practitioners was absolutely priceless,” said student Matt Kohler. Increasing numbers of MAcc students participate in an optional post-graduation term at the University of Seoul that adds a valuable international perspective to their professional education. The department is working toward offering similar study-abroad opportunities at other universities soon. Intensive Learning, Integrated Approach Our accelerated MBA program is now in its fourth year. While the school’s goal is to expand the program’s size, it will remain relatively small by design, to promote personal interaction between students and faculty members.
Farmer School of Business
21
Dean’s Report 2008
The 14-month program is an intensive mix of academics and application: after a 12-week summer “boot camp” foundation, the students begin integrative course
Each year, our students have
work and ongoing internships with
won high praise from the compa-
major Cincinnati-area companies.
nies in which they complete their
During the final five weeks of
global consultancies, a fact that
the program, students undertake
has led more international firms to
an international consultancy in
open their doors to our program.
Europe or Asia.
Results have exceeded expecta-
We measure the success of this young program in three major ways. First, nearly 100 percent of
tions for both our students and our business partners. “The evaluations we receive
Professional Program Beginning in the fall of 2009, the Farmer School will offer a new Professional MBA Program in
its graduates each year have found
from companies in which our
Cincinnati’s fast-growing northern
employment consistent with their
MBA students work, both locally
suburbs. To meet the needs of
enhanced capabilities and knowl-
and abroad, confirm our belief
working professionals, classes will
edge, and their salaries, on aver-
that our curriculum is on track and
be held in the evenings and on
age, are at least 50 percent higher
the quality of our students’ abilities
weekends at Miami University’s
than what they were earning prior
and accomplishments is high,” said
new Voice of America Learning
to entering the MBA program.
program director C. Brad Bays.
Center in West Chester Township.
An expanding list of companies offering internships to our students is another positive indicator of the program’s quality. During the 2008-09 academic year, our students are working at Johnson & Johnson’s Endo Ethicon Surgery, GE Aviation, Fidelity Investments, Mead Westvaco, Draper Triangle, Kodak, P&G, and Cincy Tech.
Case analysis is an important part of the MAcc curriculum. The program will leverage the school’s strengths in quality of instruction, global perspective, personal attention, and alignment of curriculum to the needs of the business community. The Professional MBA Program will begin accepting applications for its inaugural class in January 2009.
22
Initiative 5
Academic L eadership In my six years as dean of the
constantly adjust their academic
Farmer School of Business, I have
offerings to reflect new knowledge
seen increasing numbers of faculty
that is in demand by employers.
members, program heads, and department chairs step forward as leaders. We also have been fortunate in recruiting new teacher-scholars who share our vision of excellence, our focus on students, and our desire to innovate. Our faculty members have experienced great success in publishing their work in top journals; several of them have shared their expertise with the public through
The Page Center for Entrepreneurship, the Center for Social Entrepreneurship, and the Center for Business Excellence continue to distinguish themselves by their accomplishments, which have a direct bearing on student learning and faculty research. Our international programs are growing and flourishing.
comments on timely developments in
These are indeed exciting times
major news outlets. Our departments
for the Farmer School, and I applaud our faculty and staff for making this a place of discovery, of new ideas, and of high academic attainment. — RLJ
Capstone classes challenge students to apply everything they have learned to a demanding project.
Farmer School of Business
23
Dean’s Report 2008
matters of risk management and sustainability. The featured speaker
by successful initiatives,
was Robert Greifeld, president and
the Page Center for
CEO of NASDAQ.
Entrepreneurship hosted the
This annual conference earns kudos from attendees. “It was excellent: very practical and informative,” said Teresa Cracas, counsel and chief risk Program Innovations Significant developments in our departments and academic centers this past year are bringing
officer for Cincinnati Financial. “The diversity of speakers, topics, and attendees was fantastic.” This summer CBE partnered
greater visibility to the school,
with Ernst & Young to hold
nationally and internationally.
the first Business Summit, a
Our Center for Business Excellence (formerly the Center for Governance, Risk Management and Reporting) sponsored three major events in 2007-08. In December 2007 it brought together young managers for a workshop to help them understand and measure risk and how to report
two-day gathering of 35 of the nation’s most outstanding accounting undergraduates. The attendees, mentored by industry professionals and Farmer School graduate students, participated
18th annual global conference of IntEnt (Internationalizing Entrepreneurship Education and Training) in July 2008. The scholarly gathering drew about 60 attendees from 25 countries, including Ukraine, Tunisia, Ecuador, Malaysia, Australia, and Turkey. Four Miami student entrepreneurs were among the presenters. Conference discussions focused on how to teach entrepreneurship and examined advances in entrepreneurship education. An important part of the
in case deliberations concerning
Page Center’s outreach to
issues of corporate integrity,
emerging entrepreneurs is its
leadership, and transparency.
Miami University Student Venture
The center’s plans include
risk information within and
launching a Directors’ College
outside the organization. In April
that will equip board members to
2008 the CBE hosted its third
understand and anticipate their
Executive Conference, attended
organizations’ issues related to risk
by company senior managers and
management and reporting.
board members responsible for
In a year marked
Fund (MUSVF). The group’s primary goal is to facilitate the birth and growth of sustainable business ventures conceived by
24
Initiative 5 “In addition to accepting the current Miami students or recent alumni. In 2007 and early 2008,
award, I was able to talk with The company’s Edun LIVE
numerous schools that expressed
it provided expansion capital for
line consists of t-shirts completely
interest in adopting Edun LIVE on
two fledgling alumni businesses.
made in Africa of African-
Campus,” Smith said.
“Our group assists entrepreneurs in developing concepts and provides access to inexpensive capital. We are able to offer students and alumni an opportunity that they might not have otherwise,” said Jack Tench ’08, one of the fund’s managers. Edun LIVE on Campus, the flagship initiative of the Center for Social Entrepreneurship, continues to grow and gain visibility internationally. The student-led project works with environmentally conscious clothier EDUN. Senior Jacqueline Rupert, president of Edun LIVE on Campus, served as a panelist for the first Clinton Global Initiative University, held in March 2008 at Tulane University in New Orleans. The event drew hundreds of students, university officials, and global leaders to discuss issues and commit to action within CGI U’s four main focal areas: energy and climate change, global health, human rights and peace, and poverty alleviation. In a session titled “Students Ending Poverty: Start from where you are,” Rupert spoke about the innovative partnership between the Center for Social Entrepreneurship and EDUN.
grown cotton, thereby creating sustainable industry in some of the world’s poorest communities. EDUN’s partnership with Miami is expanding the market to college students. Later in March, Edun LIVE
Faculty Accomplishments In his final year as James Evans Rees Distinguished Professor of Distribution, Thomas Speh garnered the two highest awards in his industry as well as an impressive tribute from Miami
on Campus was honored with the
University. In October 2007 he
Ashoka Award for Pedagogical
received the Council of Supply
Innovation at the Skoll World
Chain Management Professionals’
Forum on Social Entrepreneurship.
Distinguished Service Award in
Ashoka is a global association of
recognition of “significant, career-
leading social entrepreneurs who
long contributions” to the supply
develop system-changing solutions
chain management and logistics
for the world’s most urgent social
professions.
problems. Brett Smith, director of Miami’s Center for Social Entrepreneurship, traveled to England to receive the award. Attendees at the conference
In April 2008 Speh was awarded Miami University’s Benjamin Harrison Medallion. President David Hodge cited the professor’s “exceptional
were world-class social
scholarship and international
entrepreneurs from around the
contributions” in his field of
world including several Nobel
logistics and supply chain
Peace Prize laureates. The keynote
management, and his “impressive
was delivered by former President
impact” on Miami students.
Jimmy Carter.
The Harrison Medallion is
Farmer School of Business
25
Dean’s Report 2008
presented to members of Miami’s faculty or staff who have made outstanding national contributions to education.
Joyce
Richard ’56 and Barnes Farmer ’57
Speh’s career-long involvement with the Warehousing Education and Research Council (WERC) earned him the third honor, a lifetime membership in WERC. He was presented with the membership, WERC’s highest accolade, at the council’s annual conference in May 2008. The Farmer School’s research
Leadership gifts from Richard
family are delighted to continue our
and Joyce Farmer have provided the
support of Miami and are proud
cornerstone for the Farmer School
to be associated with one of the
of Business. It was the Farmers’ $10
top educational institutions in the
million gift in 1992 that named the
country. We are passionate about the
school; that gift represented just the
importance of a good education and
beginning of their vision for business
welcome the opportunity to provide
education at Miami University.
resources that inspire and guide our
A $30 million gift in 2005 has
future business leaders.”
helped the school make huge strides toward realizing that vision.
He graduated from Miami with
profile has been substantially enhanced by the contributions of several of our junior faculty members to top academic journals. Of special note are the recent acceptances and publications of Devon DelVecchio, assistant professor of marketing, in Journal of Marketing; Ebru Reis, assistant professor of finance, in Journal of Finance; Zafer Ozdemir,
a business major, then served in the
assistant professor of DSC/MIS, in
U.S. Marine Corps before joining his
Decision Support Systems; Xiaowen
gift: $25 million provides capital for
father and grandfather in the family
Huang, assistant professor
the school’s new building, slated for
business. After helping the business
of management, in Journal of
completion in the summer of 2009;
expand, he left in 1968 to start his
Operations Management; and Brian
$5 million is earmarked for matching
own company, which became Cintas,
Roberson, assistant professor of
funds to create professorships that will
a provider of specialized services
economics, in Economic Theory.
attract outstanding junior teacher-
to businesses throughout North
scholars to the Farmer School of
America.
There are two components to the
Business.
Joyce Barnes Farmer earned
In addition, Harvard Business Review published a paper authored by Center for Business
“Joyce and I have remained
her bachelor’s degree in elementary
Excellence co-directors Brian
close to Miami University because the
education from Miami. She and her
Ballou and Dan Heitger.
value of the education we received
husband have served the university
there has been so important to us,”
in a number of leadership capacities
said Dick Farmer. “We and our
throughout their adult lives.
26
Initiative 6
Strategic R elationships The Farmer School thrives on
The Farmer School is
its network of relationships within
intentional about forming a
and outside Miami University.
wide variety of relationships
Connections between our faculty
that enhance what is taught
and students and individuals in the
in our classrooms and enable
business community, our alumni, and
our educational experience to
other divisions of the university create
transcend the classroom.
synergies that enhance teaching, learning, and workplace innovation. Our academic and professional
These relationships produce tangible benefits for the Farmer School in the form of class visits
advisers ground us in reality and at
and lectures by accomplished
the same time help us dream and
executives, mentoring relationships,
achieve those dreams. Mentors in
business-based research
the business community enable our
opportunities for faculty members,
students to learn professional behavior
clients for experiential learning
and, ultimately, to fly on their own.
classes, industry connections for
We plan to expand the school’s network to involve more stakeholders in more roles. This strategy will result in new collaborations with other divisions within the university, new ways for our alumni to connect with us, and increased interaction with the business community. — RLJ
student business organizations, and internships and employment opportunities for our students. In return, our business stakeholders gain access to current business research findings, stay abreast of trends in business education, and have the satisfaction of participating in the development of tomorrow’s leaders.
Beth Brooke
Global Vice Chair, Ernst & Young
Farmer School of Business
27
Dean’s Report 2008
Various departments and programs within the school Advisers The Farmer School is fortunate to have two very strong sources of counsel and insight. A Board of Visitors meets officially once a year, but its
maintain their own advisory boards, enabling them to benefit from the insights and experience of business practitioners. Mentors Faculty members are our
Interdisciplinary courses and programs, such as the James Lewis Family Mock Trial Program, Highwire Brand Studio, and Interactive Media Studies, connect us to faculty in other academic
members act as sounding boards
students’ primary mentors, a
divisions and enroll a diverse mix
for the dean whenever their
relationship that develops naturally
of students. Each year, Miami
advice and feedback are needed.
at Miami, where teacher-scholars
alumni from other divisions apply
Our Business Advisory Council,
thrive on their interactions with
to our MBA program.
which consists of about 50
young people. The Farmer
executives from a wide variety of
School’s departments, student
endeavors, convenes twice a year.
organizations, and experiential
Its members are organized into
learning opportunities introduce
ongoing task forces that address
students to a wider network of
school initiatives and goals.
professionals who enjoy acting as mentors. University Collaborations To become a fully “engaged
Our Summer Business Institute, open to undergraduate or graduate students from any non-business discipline, gives participants an intensive and thorough introduction to how organizations operate and how business functions interrelate. Once they understand these
university,” Miami must push
fundamentals, SBI students can
beyond divisional borders and
envision how their interests and
form productive relationships
skills might benefit a business
that benefit the whole academic
organization and how to market
community. Currently, we
themselves to potential employers.
administer an arts management minor in partnership with Miami’s School of Fine Arts and offer an entrepreneurship minor that attracts students from many majors.
28
Initiative 6 but astounded at the breadth of Major Speakers Each year, the Jack R. Anderson Distinguished Lecture Series brings to campus a world
topics that he could discuss both intelligently and effortlessly,” said finance major Eric Niederhelman. Author and New York Times
leader who gives a prepared talk
columnist Thomas L. Friedman
speakers for 2007-08 were
that is open, free of charge, to
was the Anderson speaker
William McComb, CEO of Liz
the public. Often, these speakers
for 2008-09. His remarks,
Claiborne; Beth Brooke, Global
also interact with groups of
delivered Sept. 17, focused on
Vice Chair of Ernst & Young;
students during their visit.
environmental issues and his
Steven Davis, CEO of Bob Evans
Our Anderson speaker for 2007-
belief that the United States can
Farms; Robert McDonald, COO
08 was Gen. Colin Powell, who
lead in a world-changing “green
of Procter & Gamble; and Scott
on Jan. 22 filled Millett Hall for
revolution.”
David, President of Retirement
the evening lecture and won over his student audience in a spontaneous question-and-answer
Services, Fidelity Investments.
The Farmer School’s Executive Speaker Series hosts
Our graduate programs,
leaders of major companies who
departments and centers also
address issues of innovation,
bring to campus thought leaders
growth, and decision-making
in various business disciplines
impressed with the depth of
for an audience of students and
to share their perspectives with
General Powell’s knowledge,
faculty members. Executive
students and faculty members.
session earlier in the day. “I was not only thoroughly
Jim ’72 As Miami business graduates,
make a $2 million gift to help with
the heritage of excellence that the
construction of the new building.
inspires them, however, is the future of business education envisioned by the school. “Seeing the excitement through
“Miami provided the foundation for my business career,” said Jim, chairman of Red Capital Markets Inc. and a Chartered Financial Analyst. “Both Amy and I think it’s important
our children’s eyes has spurred us to
that we give back to institutions and
even greater involvement with the
causes that we value, and Miami is
Farmer School,” said Amy. “Two of
certainly one of them.”
our three children are Miamians. Our son, Matt, graduated as a general business major in 2003; our daughter, Brynne, is a senior marketing major.” The school’s relevance to the current generation of students, along with a desire to support Dean Jenkins’
Amy Miller Chapman ’81
vision for the school, led the couple to
Jim and Amy Chapman appreciate Farmer School represents. What really
and
“We are very happy with the
Jim Chapman graduated with a degree in finance and currently chairs the Farmer School’s Business
direction the university is going, and
Advisory Council. Amy Miller
we want to help it grow and stay
Chapman, a marketing graduate,
current, continuing to attract the very
is active in numerous social service
best students and preparing them for
organizations in the Columbus, Ohio
leadership in a world that is becoming
area.
ever smaller,” Amy added.
Farmer School of Business
29
Dean’s Report 2008 Jason Barkaloo Founder/President, Somatic Digital LLC
Jack and Rose-Marie Anderson created the Jack R. Anderson Distinguished Lecture Series to “bring the world to Miami University.”
Marc Beer President and CEO, ViaCell Inc. George Bennett Jr. Partner, Talisman Capital Partners Mike Bergeron Managing Partner, Strength Capital Investments Paul Beswick Financial Accounting Standards Board Bob Bitter Audit Partner, Deloitte & Touche Dean Blythe President/CEO, Harte Hanks
Selected Guest Speakers in 2007-08 Joseph Abdelnour Assistant Vice President, Federal Reserve Bank of Chicago Jan Ahrens Adjunct faculty, Golden Gate University, and former Vice President of Business Development, Harte-Hanks Direct Marketing Brad Alford Chairman and CEO, Nestle USA Ryan Allis CEO, Broadwick Corporation Rick Amos President, Surtreat International Tom Anderson CEO, The Tartan Group Barbara Aras CEO, Aras Communications Scott Avera Founder, Winzip
Colin Powell
Jack R. Anderson Distinguished Speaker for the academic year 2007-2008
David Baer Chief Legal Officer, Petters Group Worldwide Karen Bankston Senior Vice President, Drake Center Inc.
Brian Bohling Senior Vice President, Human Resources, Hess Corporation Jim Bonaminio President, Jungle Jim’s International Market Kathy Brinkman Esq. Attorney, Porter, Wright, Morris & Arthur Scott Brinner Investment Banking Associate, Wachovia Securities Beth Brooke Global Vice Chair, Ernst & Young LLP Jeff Brown William G. Karnes Professor of Finance, University of Illinois Kevin Brown President and CEO, Lettuce Entertain You Enterprises Inc. Doug Buck Director, Enterprise Risk Oversight, American Electric Power John Buckles CEO, Transitional Franchising Inc. John Byma Director of Global Treasury, Procter & Gamble
30
Tom Clements Sr. Vice President, Distribution Operations, Limited Logistics Services
Initiative 6 Betsy Cadwallader Managing Director, JPM Mezzanine Capital LLC
Steven Cobb President/CEO, Henny Penny Corp. John Coe President, Protocol B2B
Harry Campbell President, Embarq Consumer Markets
Steve Coffey CEO, Thousand Hills Coffee
Hugh F. Campbell Jr. Director of Purchasing, Gold Medal Products Co.
Bob Coley UPS franchisee
Jack Cassidy President/CEO, Cincinnati Bell Ted Catino CEO, Security National Automotive Acceptance Corporation Becky Catino President, Security National Automotive Acceptance Corporation John Cavalaris Senior Vice President, GE Commercial Finance Mark Cieciura Principal, Corporate and Venture Services, Piper Jaffray
James Conway Director Pharmacy, Wellpoint Bob Coughlin CEO, Paycor
William Craft Jr. Acting Deputy Assistant Secretary, Trade Policy and Programs, U.S. Department of State Loren Crisp Chief Auditor, Auditor of the State of Ohio—Cincinnati Region Nathan Cryder Executive Director, Global Gain Jan Cunningham President, G.Whiz Beau Cummins Senior Managing Director, Head of Debt Capital Markets, Sun Trust Capital Markets Jim Currie President/CEO, IntelliMat Mark Curtis Partner, Deloitte Consulting LLP Rob Cybulski CEO, Finit Solutions Rich Daniels President, McCullough-Hyde Hospital Greg Darlington Vice President, Marketing and Operations, Americas, Europe and South Pacific Region, Nu Skin Enterprises Bob Daugherty US Sourcing Leader, PricewaterhouseCoopers Scott David President, Retirement Services, Fidelity Employer Services Company Steve Davis Chairman and CEO, Bob Evans Farms Inc. Dennis Dern Controller, GE Aviation
Tom Friedman
Jack R. Anderson Distinguished Speaker for the academic year 2008-2009
Kim Dismore Global Compensation and Benefits, NCR Corporation Jeff Diver Executive Director, SELF
Farmer School of Business
31
Dean’s Report 2008
Dave Eckert Vice President, Cognis Corporation Lee Edwards President and CEO, BP Solar Ty Elliott Chairman & CEO, Oneida Partners LLC Patrick Engels Controller, CVA North America, ArvinMeritor Richard Farmer Chairman, Cintas Corporation George Farragher Executive Director, Fraud Investigation and Dispute Services, Ernst & Young
Carol Fox Senior Director of Risk Management, Convergys Corporation
Matt Gardner Director Enterprise Risk Management and Business Continuity, Cardinal Health
George Franklin Executive Director, Fraud Investigation and Dispute Services, Ernst & Young LLP
Steve Gertz President, Sage Associates Martha Gershum Executive Director, Reach Out and Read
Beth Freeborn Assistant Professor of Economics, College of William and Mary Penny Friedman VP & COO, Interact for Change Phil Francis Chairman and CEO, PetSmart Inc.
Rob Gifford National Public Radio Bureau Chief, London Alan Goldfarb Vice President, The Carlyle Group John Goodwin Treasurer, Procter & Gamble
John Featherston Senior Purchasing Manager, Procter & Gamble Wade Fenn Founder and President, The Navvo Group John Fimiani President, Springboard Group LLC Brian Foster Partner, KPMG LLP
Bob McDonald
COO of Procter & Gamble Rich Graff Vice President Manufacturing and Operations, Johnson Electric Carl Goertemoeller Vice President Real Estate, Macy’s Larry Grubbs Pacific Rim Advisor, International Petroleum Geologist Ron Grzywinski Chairman, ShoreBank Corporation Chuck Haas Risk Manager, City of Cincinnati Patty Hamm Executive Vice President, Human Resources, Petters Group Worldwide
32
Initiative 6
William Mayhall ’69, MBA ’75 William Mayhall earned both his undergraduate (marketing) and MBA degrees from Miami, then followed an investment career that took him from his hometown of Springfield, Ohio, to the East Coast, where he currently resides. Mayhall initially worked as a financial analyst and then moved into investment management operations. In 1989 he co-founded Princeton Financial Systems, a company that provided systems and outsourced operational support to institutional investors. In 1996 the firm was sold
Mayhall was impressed with President Jim Garland’s initiatives aimed at decreasing Miami’s dependence on state funding; he also connected with Farmer School Dean Roger Jenkins. “I have bought in to Roger
to State Street Bank. Today, Mayhall’s
Jenkins’ vision and commitment to a
focus is on helping technology start-up
process of continuous improvement
companies and improving educational
for the school,” Mayhall said.
opportunities for inner city kids. During his career-building years,
As he learned more about the Farmer School and its plans, Mayhall
Mayhall admits, his alma mater was
decided to designate the school as
not uppermost in his mind.
the beneficiary of a $6.7 million
“After I received my MBA in 1975, I didn’t come back to campus
charitable remainder trust he had established earlier.
for a long time,” he said. “My only
“I am comfortable that Roger
visits were to attend the graduation
Jenkins has the leadership skills to
ceremonies of my siblings, nieces, and
accomplish great things, and I am not
nephews.”
placing restrictions on how the money
A few years ago, however, Mayhall’s brother, Jim ’75, became active in the Miami University Campaign For Love and Honor. He invited William to renew his acquaintance with the university.
will be used,” he explained. “ Any bequest requires faith in the future, and I’m convinced that the dean has put the school on a path that will assure excellence for a long time to come.”
Farmer School of Business
33
Dean’s Report 2008
Susan Harrington CEO/President, Idealine Inc.
Scott Homer Audit Partner, Deloitte & Touche
Noreen Hayes Senior Vice President, Human Resources, Western & Southern Financial Group
Don Hopkins Vice President & Chief Information Officer, NCR Information Technology Services
Beth Heath Senior Manager of Corporate Responsibility, Chiquita Brands International Scott Henderson Vice President and Treasurer, The Kroger Company Rick Hendrix President and COO, Friedman Billings Ramsey Group Inc.
Glenn Hubbard Dean and Russell L. Carson Professor of Finance and Economics, Columbia University, Graduate School of Business Emily Huber Director of Expatriate Assignments, Procter & Gamble Cherie Hughes entrepreneur
Richard Hidy Executive Vice President and Chief Risk Officer, U.S. Bancorp
Keith Hughes retired Chairman and CEO, Associates First Capital
Paul Hinds National Managing Director, Global Risk Management Systems, PricewaterhouseCoopers LLP
Paul Jantsch Vice President-International, Cintas Corporation
Jeff Hoffman CEO, u-Bid Judge Sven Holmes Executive Vice-Chair-Legal and Compliance, KPMG LLP
Mary Jeffries CEO, Petters Group Worldwide
Sukeo Kanabayashi Representative Director and President, Tokyo Doll Arts Don Kane Senior Managing Director, Dillon Kane Group Tony Kenney President, Speedway/SuperAmerica Bethmara Kessler Senior Vice President Enterprise Business Risk Management, Limited Brands Gregg Kirchhoefer Partner, Kirkland & Ellis LLP Bob Kistinger former President, Chiquita Brands Nicholas Kristof columnist, The New York Times
Steve Jemison Deputy General Counsel, Procter & Gamble
Peter Kubasek CEO, The Malibu Group
Mark Johnson Vice Chairman, CheckFree Corporation
Gary Kunath CEO and Founder, The Summit Group
Matt Jones President and CEO, Cloudshield Technologies Inc.
Mark Kuzma Senior Vice President and Chief Fiduciary Risk Manager, The Bank of New York Mellon
Peter J. Johnson Executive Director, Corporate Strategic Planning, Eli Lilly and Company Robert Johnson CEO, Dubai Aerospace Enterprise Chris Joseph CEO, Mercatus Group LLC Kam Kamerschen retired Chairman and CEO, ADVO Inc.
The Honorable Aleksander Kwasniewski former President of the Republic of Poland Charles Landes Vice President, Professional Standards and Services Group, AICPA Edward Lane President, Book & Directory Group, RR Donnelley
34
Initiative 6 Larry Larson President, Osmose Utilities Services Kevin Liederbach Director, ACH Divestiture Strategy, Ford Motor Company David Linich Consultant, Deloitte Consulting LLP Brent Loebig Partner, Deloitte & Touche LLP Gerard Lopez Managing Partner, Mangrove Capital Partners Scott Lowery Founder, BW3 Wild Wings Robert Marischen Options Market Maker James Marker CLU ChFC, Managing Partner, Northwestern Mutual Financial Network Cheryl Mau Vice President Marketing, Polaroid Corporation Scott McCallum Principal, Resource Financial Institutions Group Inc. Bill McComb CEO, Liz Claiborne Inc. Scott McCune Vice President and Director, Integrated Marketing, The Coca-Cola Company
Bob McDonald COO, Procter & Gamble
Jeff Mora Partner, Makena Capital
Lisa McFarland Manager of Project Development, BASES
John Myers Senior Vice President-Sales and Marketing, Cintas Corporation
Rebecca Messina Global Director, Marketing Capability, The Coca-Cola Company David Meyers President, CEO, Microban International, Ltd. Scott Miller entrepreneur Mark Mitten Chief Marketing and Legacy Officer, Chicago 2016
Dennis Nally US Chairman and Senior Partner, PricewaterhouseCoopers LLP Bill Nuti President and CEO, NCR Corporation Tim Patrick President and CEO, Carticept Medical Inc. Joe Pelligrini Vice President-Product Development, Herrmann International Mary Ellen Peters Senior Vice President, Marketing, Speedway/SuperAmerica Tom Petters Chairman, Petters Group Worldwide David Pollak Senior Vice President-Business Strategy, Cintas Corporation Doug Pontsler Vice President, Global Sourcing, Owens Corning Stevan Porter President, The Americas InterContinental Hotels Group John Postle entrepreneur Julie Poston Audit Partner, Ernst & Young LLP General Colin Powell USA (Ret.)
Farmer School of Business
35
Dean’s Report 2008
Jerry Shirk Vice President-Corporate Controller, Georgia-Pacific Corporation Rodger Reed Vice President-Merchandising, Cintas Corporation Art Reimers retired Partner, Goldman Sachs Paul Reinbolt Vice President of Finance and Treasurer, Marathon Oil Corporation Chris Robeson Vice President International Logistics, Limited Logistics Services, Limited Brands
Tom Puretell Executive Vice President and COO, Aon Risk Services Michael Rechin Executive Vice President and COO, First Merchants Corporation
ChangWoo Soh Owner, Papa Johns Pizza of Korea Francesca Spinelli Senior Vice President-People, PetSmart Inc.
Rabbi Mark Rothschild Mike Rowsey retired President, Office Max
Richard Stover Audit Partner, PricewaterhouseCoopers
Don Rupert Partner, Mayer, Brown, Rowe & Maw LLP
Steven Sutermeister President and CEO, Summit Investment Partners LLC
Jim Ryan CEO, W. W. Grainger
Gregory Swoyer Director-Customer Service/Logistics, Global Beauty Care, Procter & Gamble
Jay Salmen President, Petters Aviation
Jeffrey Prosinski Vice President and CFO, J.M. Huber Corporation
Don Sinko Chief Integrity Officer, Cleveland Clinic Health System
Mike Stoll Vice President Corporate/Deferred Benefits, The Kroger Co.
Laura Ryan Esq. Thompson Hine LLP
Jeff Probst Co-Owner, Blooms and Berries Farm Market
Randy Shoker President, Shoker Investment Counsel
Margaret Szempruch Snacks Joint Value Creation/Consumer Driven Supply Leader, Procter & Gamble
Brad Saltz Partner, SS&G Financial Services
Chrys Tarvin Vice President, Global Supply Chain Management, Wal-Mart
Michael Saslaw Partner, Weil, Gotshal & Manges LLP
Greg Taylor Partner, Blue Chip Venture Company
Kent Savage Chairman and CEO, Blue Loop LLC
Scott Tebbe Vice President & COO, Kimberly Clark
Lee Schram CEO, Deluxe Corporation
Laura Thomas Vice President and Chief Risk Officer, American Electric Power
Todd Shelton COO, Lagasse Inc. Chenliang Sheng Professor of English, Northern Kentucky University
Ed Trott former member of the Financial Accounting Standards Board Glenn Trout President, MSD Sonline
Joe Tyler Vice President, Pinnacle Group International
36
Initiative 6
Bruce Twersky President, College Discount Cards Rick Urschel President, Georgia-Pacific Chemicals LLC Ellen Vander Horst President, Cincinnati Area Chamber of Commerce David Vermylen President/COO, Treehouse Foods, International
Roy Weathers Partner and Chief Diversity Officer, PricewaterhouseCoopers LLP Jennifer Weber Senior Vice President of Human Resources, E.W. Scripps Company Joe Weller retired Chairman and CEO, Nestle USA Judge Tom Wells United States Tax Court
Stacy Vermylen Executive Director, LEAD
Lance White CEO/President, DCS Sanitation
Wendy Vondehaar CEO, Intrinzic Marketing & Design
Tom Wille Director, Barclays Capital
John Walter President, Ashlin Management Company
Rich Wilson Director of Corporate Distribution, J.M. Smucker Company
Lindsay Walter Executive Vice President-Marketing and Public Relations, DHR International Executive Search John Watkins Chairman and CEO, Cummins (China) Investment Company
Steven Wimmers CPA AICPA Board Member Michael Windisch CFO, NGas Resources Inc. Dave Woeste Jr. President, BestNest.com Jay Woffington President and CEO, Bridge Worldwide
Judge Thomas Wells Honors Day Speaker spring 2008
Steve Woodruff Founder, NK Ear Nose and Throat Medical Group
Farmer School of Business
37
Dean’s Report 2008
During the 2007-08 academic year, teams upon
N ew Building Recently, I donned a hard hat and toured our new building with the university’s project manager. Even though I am intimately familiar with the building plans and have followed its construction very closely, I was very impressed as I walked through the spaces we will inhabit in less than a year. The architectural vision will result in a building that transforms our teaching and learning culture, and whose LEED characteristics exemplify sustainability. Our donors will be very proud of what their gifts have helped accomplish, for they will have done far more than fund a new building; they will have helped transform the way we learn, teach, and interact. — RLJ
teams of construction workers assembled a four-floor building where previously there was only a hole in the ground. Photographic updates of the project proved to be the most-visited part of our website, and gradually, discussions of how we might best take advantage of the new building’s design shifted from the theoretical to the pragmatic. The architecture of a structure influences everything from how its purpose is viewed to how its inhabitants behave. On this project, the Farmer School is fortunate to have the support of a university administration that understands the importance of creating an energy-efficient
38
Initiative 6 and technologically advanced home for 21st century business education. It is also fortunate to have donors who are confident that their investment will reap educational dividends for decades to come. Thanks to good management and kind weather conditions, the building project is on time and within budget. We anticipate completion next summer and plan
Robert ’57
and
Mary Kay Taylor
Robert and Mary Kay Taylor
usefulness of the auditorium to the
believe in young people. They under-
Farmer School as well as to the uni-
stand that, by providing resources to
versity as a whole.”
help youngsters develop into responsible adults, they are investing in the future of the nation — and the world.
Robert Taylor looks forward to seeing the new building become a reality. In 1957 — the year he gradu-
to begin fall semester 2009 in a
Their gift of $8.5 million,
ated Phi Beta Kappa with a business
space that will be a catalyst for
announced in January 2008, will
degree — excavation for the Farmer
change, giving us a phenomenal
support a 500-plus-seat auditorium
School’s current building, Laws Hall,
opportunity to think and act in
in the new Farmer School building.
was just beginning. Events of any size
new ways and pursue a process of
This facility, with its flexible seating
were held in Hall Auditorium, built in
continuous improvement that will
configurations and high-tech acous-
1907 and still in constant use today.
benefit everyone in our learning
tics, will enhance the school’s ability to
community.
present talks by business leaders and other educational events. The auditorium will be named in
After earning an MBA from Stanford University in 1959, Taylor developed expertise in the personal products industry and founded his
memory of Robert Taylor’s son, David
own business, Village Bath Products,
R. Taylor.
which manufactured gift soaps, bath
“Mary Kay and I found the case for this auditorium very compelling,” explained Robert Taylor. “Given the number and stature of speakers who visit the Farmer School, the need for this kind of facility was clear. We are impressed by the design and overall
oils, and shampoos. The company eventually became Minnetonka Corp., which in 1980 purchased Calvin Klein cosmetics and introduced the popular Obsession and Eternity perfumes. Taylor sold Minnetonka to Unilever in 1989. Over the years, Robert and Mary Kay Taylor have consistently demonstrated their interest in young people. They served with the Boys & Girls Clubs of the Twin Cities and established Kid-Mit-Ment, a foundation that seeks to help children threatened by abuse, illness, hunger, and homelessness.
Farmer School of Business
39
Dean’s Report 2008
H onoring our D onors In works of art, the image is composed of countless brushstrokes,
Campaign Commitments Begun in 2002, the Miami
$250,000 – 499,999 Marjorie S. Carter
large and small, that combine to
University Campaign For Love
Michael J. Endres ’70
form a cohesive whole. The same
and Honor is a comprehensive
Jane Stoer Endres ’70
can be said of support for the Farmer
$500 million effort that will
Robert J. Kamerschen ’57
School’s mission and ambitious
conclude in 2010. What follows
Judith Campbell Kamerschen ’58
initiatives: gifts of varying sizes work
are commitments made during
Beth Herman Lewis
together to help us achieve the “big
the campaign by generous alumni,
James W. Lewis ’63
picture.”
parents, and friends of the Farmer
Each name on the list that
School of Business.
$100,000 – 249,999 George H. Bennett ’75
follows represents a conscious decision
$1 million +
Kim Gleisner Bennett ’78
on the part of that donor to invest
Jack R. Anderson ’47
Michael R. Bergeron ’92
in the future. The needs — or should
Rose-Marie Anderson
Annie Sheehan Bergeron ’92
I say opportunities — are many
C. Michael Armstrong ’61
Donald B. Bush ’79
and varied: scholarships to enable
Anne Gossett Armstrong ’61
Janet Hummel Bush ’80
financially limited students to expand
Armstrong Family Foundation
Deborah T. Cummins
their perceptions of the world through
Richard Chaifetz
Hugh S. Cummins ’84
study abroad; support of experiential
Jill Barclay Chaifetz ’80
Cynthia Diller Fields ’71
learning programs that can illuminate
James S. Chapman ’72
Herbert Fields
mental light bulbs; endowment of a
Amy Miller Chapman ’81
Gordon D. Harnett ’64
chair that will help the school attract
Sally A. Seifert-Cohen ’64
Mary Daley Harnett ’64
a promising young teacher-scholar
Donald B. Cohen
Jay L. Henderson ’77
to our faculty; and funds that will
Farmer Family Foundation
Cynthia Pate Henderson ’76
support diversity initiatives, teaching
Richard A. Forsythe ’61
Gary E. Holdren ’72
innovations, and technological
Sandra Cutsuvitis Forsythe
Victoria D. Holdren
upgrades.
David F. Herche ’72
Mark A. Johnson ’75
Vicki L. Herche
Gregory K. Jones ’83
Higgin Kim ’69
Karin Jones
Sohyung Lee Kim
Christine McCullough Johnson ’76
John F. Mee ’30
Patricia McKillip
Thomas J. Petters
Robert P. McKillip ’82
Robert Storch ’49
The John A. Miller Family Foundation
Mary Kay Taylor
Stevan D. Porter ’76
Robert R. Taylor ’57
James F. Robeson
We express our profound thanks to the individuals, families, and organizations whose names follow. Their financial “brushstrokes” contribute to the creation of a significant and enduring body of work.
$500,000 – 999,999 Francis G. Rodgers ’50 Helen Loucks Rodgers ’51
Steven G. Rolls Sr. ’77 Jan Jamieson Rolls ’78 Mona L. Sweeney James P. Sweeney Delia Willsey Kevin D. Willsey ’85 Walter C. Zucker ’55
40
Donor’s List $50,000 – 99,999
Richard T. Farmer ’56
Nancy Layne Gilman ’71
Gloria Andrews Baker
David F. Herche ’72
Thomas A. Gilman ’70
John E. Baker ’58
Judith Campbell Kamerschen ’58
Gregory G. Hardwick ’70
Larry A. Barden ’78
Robert J. Kamerschen ’57
Gordon D. Harnett ’64
Sarah Burns Barden ’78
Higgin Kim ’69
Mary Daley Harnett ’64
Elizabeth Evans Cadwallader ’80
James W. Lewis ’63
Cynthia Pate Henderson ’76
Beverly Buehler Catino ’83
Francis G. Rodgers ’50
Jay L. Henderson ’77
Theodore A. Catino ’83
Helen Loucks Rodgers ’51
Gregory K. Jones ’83
Jeffrey L. Close ’77
Emily Delp Smucker ’70
Janet Ray Kuzio ’70
Melanie Ramsey Close ’77
Richard K. Smucker ’70
Thomas L. Kuzio ’70
Frank H. Jellinek ’67
Robert R. Taylor ’57
Thomas A. Leipzig ’65
Key Foundation Janet Ray Kuzio ’70 Thomas L. Kuzio ’70 Amy B. Lewis ’97 Thomas S. Lewis ’97 Deborah Diehl Present ’75 Philip S. Present ’72 Brett R. Smith ’91 Laura Wheeler Smith ’91 Total Quality Logistics Inc. Joseph E. Tyler ’81 Vigran Family Foundation Inc. $25,000 – 49,999 Thomas A. Gilman ’70 Nancy Layne Gilman ’71 John C. Masters ’78 Jennifer O’Brien Masters ’78 Mark D. Ross ’87 Mitzi Weiss Steven P. Weiss ’82
$50,000 – 99,999 C. Michael Armstrong ’61 Michael J. Endres ’70 Cynthia Diller Fields ’71 Virginia Pearce Glick ’30 Gary E. Holdren ’72 Frederic Holzberger ’77 Julie E. Holzberger ’85 Mark A. Johnson ’75 William B. Lewis ’77 Sally A. Seifert-Cohen ’64
Frances Page Porter ’76 Stevan D. Porter ’76 Jan Jamieson Rolls ’78 Steven G. Rolls Sr. ’77 Bradley R. Ryan ’05
Sarah Burns Barden ’78
Robert Storch ’49
Annie Sheehan Bergeron ’92
Brad S. Vigran ’85
Michael R. Bergeron ’92
Gary H. Vigran ’84
Donald B. Bush ’79
Lance M. White ’75
Janet Hummel Bush ’80
Kevin D. Willsey ’85
Elizabeth Evans Cadwallader ’80
between January 1 and
Carrie Olson Clay ’79
December 31, 2007.
Steve R. Clay ’79
Joyce Barnes Farmer ’57
Michael G. Oxley ’66
Thomas T. Stallkamp ’68
John S. Christie ’72
Hal H. Ebersole ’42
Joseph B. Moeddel ’00
Larry A. Barden ’78
to the Farmer School of Business
James S. Chapman ’72
Thomas P. McGrath ’79
Justin David Sheperd ’94
Theodore A. Catino ’83
Amy Miller Chapman ’81
Anne T. McGrath ’79
John W. Altman ’60
The following gifts were made
Jack R. Anderson ’47
Thomas P. Maurer ’73
Jennifer Wood Ryan ’03
Beverly Buehler Catino ’83
$100,000 +
Thomas S. Lewis ’97
$10,000 – 49,999
Honor Roll of Donors
Alumni
Amy B. Lewis ’97
Jeffrey L. Close ’77 Melanie Ramsey Close ’77 Jeanne Leoanrd Coughlin ’86 Robert J. Coughlin ’83 Hugh S. Cummins ’84 Barbara Guy Gebhart ’63 Robert G. Gebhart ’93
$5,000 – 9,999 Jan Joyce Ahrens ’87 Bradley A. Alford ’78 John C. Cavalaris ’84 Sheila Gallagher Cavalaris ’84 Christal Wikoff Davis ’83 Michael C. Davis ’83 Christopher Elliott ’81 Tylene Johnson Elliott ’81 George Lee Esler ’83 Sabre Smith Esler ’86 Bridgitt Bertram Evans ’81 B. Scott Feldmaier ’78
Farmer School of Business
41
Dean’s Report 2008
Harry T. Flasher Jr. ’56
Catherine McLaughlin Frick ’71
Tawnya Potts Darlington ’84
Marjorie Hawkins Flasher ’57
Daniel L. Frick ’71
David C. Dauch ’86
Leslie Ingram Gebhart ’63
Brenda Sowers Gorman ’83
Lesli Flanary Davison ’88
James M. Goldfarb ’70
Christopher M. Gorman ’83
Paul A. Davison ’88
John Jay Greisch ’77
Jan Rosenhahn Hassfurther ’77
Diane A. Denton ’85
Jillian C. Griffiths ’92
Thomas A. Hassfurther ’77
Joan Lucas Doyle ’52
Lisa Straub Kelly ’83
Alan L. Hershey ’69
William J. Doyle ’50
Michael A. Kelly ’83
Terry Malloy Hershey ’69
Nancy Reimers Droesch ’81
Dennis B. Loar ’75
Matthew A. Johnson ’01
Randall L. Edgar ’78
Jack E. McArdle Jr. ’79
Robert S. Long ’75
James C. Ellerhorst ’77
James W. McNamee ’62
Ted M. Lucien ’78
Carter W. Emerson ’69
Frederick N. McOmber ’72
William F. McConnell ’71
Suzanne Dlouhy Emerson ’69
Kimberly Tye McOmber ’73
Kai Monahan ’89
Michael W. Feldser ’73
David S. Meyer ’84
Kerry Monahan ’90
Michael E. Fleitz ’82
Michelle Ault Meyer ’85
Douglas H. Obenshain ’80
Myron A. Friedman ’56
Jamie Sippola Miller ’90
Francis X. Pampush ’76
Sean C. Gannon ’85
Susan Patton-Hunsberger ’84
Robert W. Pilcher ’91
Marla K. Garvey ’91
Paul C. Reinbolt ’77
Mark D. Ross ’87
Robert A. Garvey ’91
Ron A. Sackheim ’63
Paul H. Sallwasser ’76
Barbara Zimmerman Geppert ’80
Dale E. Schaefer ’75
James H. Scott ’50
Stephen A. Gertz ’67
Joanne Littlejohn Schaefer ’77
James P. Sherman ’89
Ann Lopina Geuther ’57
Brett R. Smith ’91
Christine Mautz Staley ’88
Norman M. Goldring ’59
Laura Wheeler Smith ’91
Daniel J. Staley ’88
Herbert K. Greenwald ’82
Mark F. Stephan ’80
Eileen Grady Stenerson ’84
Robert J. Guido ’93
Frances Wozniak Stoltz ’73
John C. Stenerson ’81
G. Ronald Henderson ’68
Michael G. Stoltz ’72 Jeffrey A. Swormstedt ’81 Kathleen Marie Swormstedt ’81 Dionn Tron ’73 Fred G. Wall ’56 Steven P. Weiss ’82 James Williamson Jr. ’53 Grant M. Woodfield ’52
$1,000 – 2,499 Wayne J. Albers ’43 John Eric Amos ’87 Kurt W. Anstaett ’77 Robin Howse Anstaett ’78 James D. Aramanda ’73 M. Elizabeth Rilling Baer ’78 Todd H. Bailey ’73
$2,500 – 4,999
George H. Bennett ’75
Diane Thalheimer Bair ’74
Kim Gleisner Bennett ’78
William C. Bair ’75
Brad N. Beracha ’96
Sandra F. Blum ’85
James D. Boden ’67
Gerard J. Boerger ’77
Jeanne White Boden ’67
Jill Freytag Boerger ’77
Ridge A. Braunschweig ’75
Kristen Trigger Evans ’90
Christian E. Callsen ’59
Richard B. Evans ’90
Catherine Cox Cassin ’78
Susan Weaver Flaherty ’91
Christopher J. Cassin ’77
Brendan A. Ford ’80
John C. Corbett ’74
Terese Yoder Ford ’80
Mary L. Cusick ’78
Steven T. Herman ’83 Daniel J. Herron ’75 Deborah Boyd Herron ’76 James C. Hill ’89 Carol Glos Hinshaw ’59 David E. Hinshaw ’59 Robert F. Howard ’63 Brian G. James ’93 Molly Taylor James ’93 Jamie Kelsey Johnson ’05 Christopher R. Joseph ’87 Sukeo Kanabayashi ’60 Brian M. Kelly ’89 G. Roger King ’68 Michael J. Krieger ’97 Shahrzad Krieger ’97 Valerie Shreffler Krueckeberg ’92 Brian R. Leiter ’92 Diane L. Lieblein ’00 Gerard Lopez ’96
42
Donor’s List Donald N. Lorenz ’57
Robert J. Stall ’87
Douglas C. Feltz ’84
Mary Wood Lucius ’56
Donald J. Stebbins ’80
Mr. John E. Gardner ’84
Kathryn M. Lyle ’74
Trudy James Sundberg ’46
Kathy Woeber Gardner ’84
Brian D. MacConnell ’79
Deborah Noll Sutermeister ’76
Edwin K. Griest ’36
Mark R. Mitten ’80
Steven R. Sutermeister ’76
Ann Keyser Griffin ’69
Jeffery J. Mora ’88
Anne Chalupa Taylor ’83
David J. Harwood ’68
Rebecca Imhoff Morgan ’94
Robert C. Taylor ’81
Pamela Harwood ’69
Elizabeth A. Neola ’91
Gary L. Tepas ’64
Matthew P. Haskins ’88
Donald C. Nichols ’59
Laura Weber Tomeny ’99
James T. Hickey ’80
Nancy Frushour Nichols ’59
Joseph E. Tyler ’81
James C. Hickok ’85
A. Andrew Olson III ’72
Cyril R. Urbancic ’81
Lori Pattison Hickok ’85
Kristen Kistler Olson ’73
Gail Silva Urbancic ’81
Joel G. Jaglin ’89
Robert W. Peiffer ’88
G. Sheldon Veil ’50
Avis Truska Jason ’82
James E. Phillips ’78
Donald J. Wagner ’80
Matthew C. Jones ’82
Kay Kremer Phillips ’78
Adam K. Waltzer ’85
Shelley George Jones ’82
Bill L. Phipps ’72
Mary Courtney Weber ’86
Julia Romer Kowick ’78
Jill Garrigues Phipps ’74
Richard D. Weber ’85
Thomas P. Kowick ’76
Gerard B. Pompan ’70
Thomas J. Welsh ’85
Eric S. Kroeger ’86
Julia Poston ’82
Sheldon D. White ’88
Lauren Klett Kroeger ’86
John S. Poth ’87
Gerald B. Wilson ’76
Daniel L. Krohn ’77
Patricia Curran Poth ’87
Rebecca Frank Wuerthele ’93
Richard W. Kuck ’74
Fredric T. Pratt ’77
Carrie Eichenberger York ’83
Janet White LaFleur ’83
Michael D. Pratt ’96
William E. York ’82
Richard P. LaFleur ’83
Deborah Diehl Present ’75
Gary J. von Lehmden ’76
Timothy E. Limbach ’74
Philip S. Present ’72 Robert W. Pucel ’88 William W. Pulley ’58 Beatrice Leith Radcliffe ’48 David E. Radcliffe ’50 Richard M. Ravin ’65 Jeffrey M. Reid ’97 Katherine Dudon Reid ’97 Milo C. Ritton ’83 Ted K. Saneholtz ’83 Patricia Freeze Schaefer ’54 William H. Schaefer ’54 Martin A. Schneider ’00 Eric D. Schreiber ’85 John W. Sentell ’83 Susan Burns Sentell ’82 Gary M. Sidell ’71 Catherine Coffman Sinko ’74 Donald A. Sinko ’75 Mark J. Smitek ’80 Helen Kuller Snider ’54
$500 – 999 Stephen L. Abernathy ’79 John H. Barnhart ’64 Chris G. Boehm ’94 Holly Flatland Briggeman ’92 Jeffrey M. Briggeman ’91 David E. Buckey ’78 Kristine Cagwin ’05 Mark W. Cagwin ’05 Craig T. Carlson ’93 Un C. Chung ’72 Kathy Kaserman Clolinger ’90 David A. Cofer ’97 Elisha Roberts Cofer ’97 Daniel J. Cohen ’87 James E. Deam ’57 Nancy Brelsford Deam ’65 Susan Elmlinger Dittman ’78 William A. Dittman ’78 Terry M. Faulk ’68
Susan Heath Lubinsky ’90 Joanne C. Mayernik ’90 Patrick J. McCafferty ’77 James B. McClusky ’57 Donald D. McKillop ’49 Yuriy Myachin ’04 David B. Ostro ’79 Hermine Krasny Ostro ’75 Amit N. Patel ’89 Jane Thomas Plum ’42 Richard E. Plum ’40 Richard E. Plum ’94 Jon S. Podany ’87 Todd W. Roadman ’83 Julie Saltz Rubin ’76 Marc A. Rubin ’75 Nathaniel A. Seacrist ’97 Darren K. Shade ’97 Katherine Wojcicki Shade ’97 Robert S. Siegel ’52
Farmer School of Business
43
Dean’s Report 2008
Lanny M. Solomon ’68
Debra Stepan
Clarice M. Scott
Nancy Sobol Solomon ’69
F. Quinn Stepan
Kyma Sherman
Beverly Chase Stahl ’47
James P. Sweeney
Cynthia Lincoln Stegmaier ’74
Mona L. Sweeney
S. Bruce Stegmaier ’74
Jennifer Vigran
Kenneth D. Sweder ’91
Dorothy Wehmer
Scott W. Tornberg ’92
Edward J. Wehmer
Karyn Zochowski Twaronite ’90
Diane H. White
Robert P. Van Den Brink ’91
Delia Willsey
Suzanne Czekalski Van Den Brink ’92
$1,000 – 2,499 Mary E. Albers Sherry Amos Linda Aramanda M. Elizabeth Rilling Baer Robert D. Baer Ann Keller Bailey
$5,000 – 9,999
Cindy Berge
Bradley Alford
Richard L. Berge
Elizabeth Fenn
Mr. Scott Bezjak
Wade Fenn
Kevin J. Brown
Robert N. Gebhart
Kristi S. Brown
Ronda Goldfarb
Patricia M. Callsen
Faculty, Staff, and Friends
Kathleen R. Greisch
Alice Corbett
$100,000 +
Basia Jenkins
Anita Dauch
Rose-Marie Anderson
Roger L. Jenkins
Carol Morton Friedman
Vicki L. Herche
Mark Maltbie
Nancy Frohman
Sohyung Lee Kim
Andrea McArdle
Carl R. Geppert
Beth Herman Lewis
Marilyn McNamee
Lauren Gertz
Thomas J. Petters
Mariben H. O’Brien
Russell L. Geuther
Mary Taylor
Katheryn Sackheim
Cynthia Goldring
Donald E. Saunders
Nancy K. Henderson
Brett R. Smith
Daniel J. Herron
Margaret Stephan
Victoria D. Holdren
Bonnie Wall
Stephanie G. Joseph
$10,000 – 49,999
Mitzi Weiss
Donald Klekamp
John W. Altman
Barbara Williamson
James LaTorre
Steven R. Vogel ’03 Diane M. Wanger ’80 Nathan J. Weaver ’05 Edgar Williamson ’76 Matthew E. Wray ’03
$50,000 – 99,999 Jane Stoer Endres Herbert Fields
Kate A. Altman Linda Chrisite Deborah T. Cummins Simeons Gaines Christi A. Gebhart Don E. Gebhart Judith Jellinek Karin Jones Patricia Troyer Leipzig Linda Maurer John Miller Sandra Miller Patricia Pluguez Oxley Robin Sheperd Ann Stallkamp
$2,500 – 4,999 Donald L. Dawley Jane Dawley Patrick S. Flaherty Brenda C. Kayne Joseph A. Kayne Ryan J. Kramer Laura Cavanaugh Long Molly Lucien John Martin Sally Martin Barbara L. McConnell Susan D. Obenshain Agnes G. Pampush
Edward E. Lane Jeanne M. Lane Craig Liechty Marilyn J. Lorenz Hallock Lucius Sally N. Mauger-Veil Stephen D. McCreary Jr. John Miller Annelise Mora Steven D. Morgan Alan D. Oak Diane Oak Daniel A. Pelak Linda Hesse Pelak
44
Donor’s List Onnie Pucel
FJC
Ernst & Young Foundation
Martha Lee Pulley
Farmer Family Foundation
Christine Saneholtz
Fidelity Charitable Gift Fund
Federated Department Stores Foundation
Phyllis Sidell
Greater Cincinnati Foundation
Steven H. Singer
JELD-WEN Foundation
Helen Kuller Snider
Lubrizol Foundation
Melissa Stebbins
Maxpoffle Foundation
General Electric Company
Barbara Powell Steele
Middletown Community Foundation
Grant Thornton Foundation Hewitt Associates
Minneapolis Foundation
Honeywell
NCR Foundation
Huntington National Bank
PDR Foundation
Huron Consulting Group
Rose-Marie and Jack R. Anderson Foundation
IMS Health
Jeanette Tepas Candis Waltzer Amy M. White David C. Wible Timothy T. Wilson
Fidelity Foundation Fidelity Investments GPI Incorporated
The Holzberger Family
InterContinental Hotels Group PLC
Humanitarian Foundation Inc.
Johnson & Johnson
$500 – 999
The John A. Miller Family
KPMG Foundation
Daniel W. Brummett
Foundation
Key Foundation
Torie A. Carlson
Thomas J. Petters Family Foundation
Keycorp
Vigran Family Foundation Inc.
Merrill Lynch & Co. Foundation Inc.
Steven Wuerthele Edgar B. Yager
Sarah Cohen David J. Harwood Melinda D. Haskins Mark N. Jason Marylou Krohn Vickie A. Limbach Margaret Chenot McClusky Margaret McKillop
Warren Brown Family Foundation Willard E Smucker Foundation William L. and Josephine B. Weiss Family Foundation Companies, Corporations, and Corporate Foundations
Marathon Ashland Petroleum LLC National City Corporation (HQ) Nestle USA North American Corporation Northwestern Mutual Life Foundation Paycor Inc.
Accenture Foundation
PepsiCo Foundation
American Axle and Manufacturing
PepsiCo Inc.
American Electric Power Co. Inc.
PriceWaterhouseCoopers (HQ)
Anheuser-Busch Foundation
Procter & Gamble Company
BKD LLP
Protiviti Inc.
Groups and Organizations
Babcock & Wilcox of Ohio Inc.
Queen City Angels
Cliometic Society
Ball Corporation
R.H. Donnelley Foundation
Economic History Association
BankAmerica Foundation
Rainy Day LLC
Jewish Federation of Chicago
Bob Evans Farms Inc.
Root-3 Corporation
Schwab Charitable Fund
Capital Group Companies
Sempra Energy
Cardinal Health Inc.
Spencer Stuart
Catapult Development Company
Star Moving & Storage Company
The Circuit
Time Warner Inc.
Coldstream Financial Services Inc.
Truepoint Capital LLC
Convergys Corporation
United Technologies Corp.
DaimlerChrysler
United Way of San Diego County
Deloitte Foundation
Tocqueville Society
Eli Lilly and Company Foundation
Walnut Creek Kitchens
Julie Saltz Rubin Marc A. Rubin Barbara Sweder Joseph M. Twaronite
Family and Community Foundations Armstrong Family Foundation Brookbank Foundation Inc. Columbus Foundation Community Foundation of Sidney and Shelby County Evans Family Foundation
Farmer School of Business
45
Dean’s Report 2008
A dvisory Boards Board of Visitors External Members
Business Advisory Council
Arthur D. Collins Jr. Chairman Medtronic Inc.
John Eric Amos President Surtreat International
Greg Darlington Vice President Marketing and Operations Americas, Europe, and South Pacific Region Nu Skin Enterprises
Richard T. Farmer Chairman Cintas Corporation
James Aramanda President and CEO The Clearing House
David C. Dauch President and COO American Axle & Manufacturing
Scott D. Farmer President and CEO Cintas Corporation
Larry Barden Partner Sidley Austin LLP
Jakki Haussler Chairman and CEO Opus Capital Management Inc.
George H. Bennett Jr. Partner Talisman Capital Partners
Scott David President, Retirement Services Fidelity Employer Services Company
Roger L. Howe President Howe Investment Co.
Brian Bohling Senior Vice President, Human Resources Hess Corporation
Cynthia A. Niekamp Former Vice President BorgWarner Inc. Former President and General Manager BorgWarner TorqTransfer Systems University Members David C. Hodge President Jeffrey I. Herbst Provost Roger L. Jenkins Dean and Professor of Marketing
Beth A. Brooke Global Vice Chair Ernst & Young Richard C. Brown Private Investor Elizabeth (Betsy) Cadwallader Managing Director JPMorgan Dr. Richard A. Chaifetz Chairman and CEO ComPsych Corporation James S. Chapman Chairman Red Capital Markets Inc. Hugh S. (Beau) Cummins Co-Head of Corporate and Investment Banking SunTrust Capital Markets Inc. Chairman and CEO SunTrust Robinson Humphrey
Tylene J. Elliott Chairman and CEO Oneida Partners LLC Lee Esler Director of Technology, Communications and Media, and Consumer Goods Spencer Stuart Wade Fenn Managing Partner Retail Masters Founder and President The Navvo Group Joseph B. Flannery CEO Rodinia Ventures Chairman Liberated Technologies Brendan A. Ford Partner Talisman Capital Partners Christopher M. Gorman President KeyBanc Capital Markets John. J Greisch Corporate Vice President, President – International Baxter International Inc. Gary E. Holdren President and CEO Huron Consulting Group
46
Donor’s List Mary Jeffries President and COO Petters Group Worldwide CEO Polaroid Peter J. Johnson Executive Director Corporate Strategic Planning Eli Lilly and Company Gregory K. Jones Partner and COO The Edgewater Funds Christopher R. Joseph CEO Mercatus Group LLC Kimberly Kadlec Chief Media Officer World Wide Vice President Johnson & Johnson Gary Killian Former Managing Director Lehman Brothers G. Roger King Partner Jones Day Thomas L. Kuzio Managing Director The Kuzio Consulting Group Edward E. Lane President, Book and Directory Group RR Donnelley
David Meyers President and CEO Microban International Ltd.
Donald J. Stebbins President and CEO Visteon Corporation
John A. Miller President and CEO North American Corporation
Rob A. Steele Vice Chair – Global Health and Well-Being Procter & Gamble
Jonathan D. Miller Executive Vice President NBC Sports Mark Mitten Chief Brand Officer Chicago 2016 Jeffery J. Mora Partner Makena Capital Robert Morrison Lake Forest, Illinois James Phillips President Profile Extrusion Company William L. Phipps President and CEO (Retired) The White Rubber Corporation William W. Pulley President and CEO W.W.P. Properties Inc. Paul C. Reinbolt Vice President, Finance and Treasurer Marathon Oil Company
James W. Lewis Chairman Geometry Group Inc.
Steven G. Rolls Senior Vice President Chief Financial Officer Furniture Brands International
Gerard Lopez Managing Partner Mangrove Capital Partners
Susan B. Sentell Founder and President The Sentell Group LLC
Jim McCormick President and CEO TransMarket Group LLC
Justin Sheperd Portfolio Manager and Partner Harris Alternatives LLP
Scott K. McCune Vice President Integrated Marketing The Coca-Cola Company
Susan Sheskey General Partner Daylight Partners
Jeffrey A. Swormstedt Partner Deloitte & Touche LLP John D. Watkins Chairman and CEO Cummins (China) Investment Co. Ltd. Richard D. Weber President and COO Atlas Energy Resources LLC Sheldon White Director of Pro Personnel Detroit Lions Kevin D. Willsey Managing Director and Chairman of Global Equity Capital Markets J.P. Morgan Chase & Company Inc.
Institute for Entrepreneurship Board of Advisers Scot Billington Partner Covenant Capital Management Patrick Blake Entrepreneur Donald Bush Managing Partner PricewaterhouseCoopers LLP Christian Callsen President and CEO Polymer Concepts Inc. Becky Catino President Security National Automotive Acceptance Corporation
Farmer School of Business
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Dean’s Report 2008
Joe Chylik President Oxford Holdings Group Inc. Kevin Connor President American Sales and Marketing Robert Coughlin President and Founder Paycor Kathy Bintz Fertitta Principal Creative Retail Packaging Richard Forsythe President TWR 3 Inc. Jack Geiger Vice President, Business Development Cydcor Inc. Steve Gertz President Sage Associates Frederic Holzberger President and CEO Aveda Frederic’s William E. Lukens President and CEO Stillwater Technologies Inc. Dan McKenna President F&M Mafco Michael S. Mathews Head of Strategy and Business Intelligence Merrill Lynch Frank Mattson CEO Penguin Computing Gerald Miller President Great Lakes Companies
Scott Miller Entrepreneur Alan E. Robbins President The Plastic Lumber Company Inc. Robert T. Slee President Robertson & Foley
Scott Homer Partner, Audit and Enterprise Risk Services Deloitte & Touche LLP Jason Kane Accounting Manager Progressive Insurance
Julia Stamberger President GoPicnic
Jamie Leonard Sr. Vice President and CFO – Corporate Banking Fifth Third Bank
Tim Weaver President Weaver Brothers Inc.
Chris Linck Partner BKD
Lance White, Chair CEO DCS Sanitation Management Inc.
D. Andy Meeting Associate Vice President – Center Financial Reporting Limitedbrands
Accountancy Advisory Council
Dave Meyer Partner Ernst & Young LLP
Patricia Basti Director, Advisory Services KMPG LLP Stephanie Clark Associate Director – Corporate Accounting Procter & Gamble Robert Craycraft Director of Audit Cintas Corporation Donna Deye Senior Vice President, CFO Totes Isotoner Corporation Tony Dunn Internal Audit Officer The Cincinnati Insurance Companies Brian Foster Partner, Audit KPMG LLP Amy Geiger Enterprise Risk Manager Cardinal Health Inc.
Marc A. Rubin Chair, Department of Accountancy Miami University Scott Schweinfurth Executive Vice President, CFO, and Treasurer WMS Industries Inc. Terry Silver Partner Skoda Minotti Kendra Smith Senior Manager Grant Thornton LLP Daniel Staley Partner PricewaterhouseCoopers LLP William Watts Partner Crowe Chizek & Company LLP
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Donor’s List Finance Advisory Board Scott Bingham Senior Managing Director FTI Consulting Mark Cieciura Principal Piper Jaffray David Dunstan Managing Director Western Reserve Partners LLC Sean Gannon Director Dorchester Capital Advisors LLC Alan Goldfarb Vice President The Carlyle Group Hale Hoak President Hoak & Co. Neil Hunn Chief Financial Officer MedAssets Inc. Doug MacKay President and CIO Broadleaf Partners LLC John Markovich Chief Financial Officer EMCORE Corporation Bob McKillip Managing Director The Royal Bank of Scotland Brian Niccol Chief Marketing Officer Pizza Hut Inc. Michael Oleshansky Vice President Industrial Opportunity Partners Steven Pattison Principal National City Equity Partners
Michael Saslaw Partner Weil, Gotshal & Manges
Chad Gerhardstein Manager IT Audit PricewaterhouseCoopers LLP
Steve Sutermeister President Summit Investment Partners
Jeffrey A. Gibbs Senior Consultant IBM Academic Initiative
Michael Windisch Chief Financial Officer NGAS Resources Inc.
Mark S. Hale Senior Vice President, Technology Operations and CTO Scripps Networks Interactive
Mark Morris Principal Blue Point Capital
Information Systems Advisory Board Debra Allison Interim Vice President for IT Miami University Cindy Bauer Vice President, Senior IT Relationship Manager KeyBank Technology and Operations Cheryl Bogenschutz Vice President, Retail Solutions Luxottica Retail Stacy Browning Senior Vice President and CIO Paycor Inc. Brent Bruggeman Director, Enterprise Applications Practice Deloitte Consulting Sid Deloatch Senior Vice President – Enterprise Solutions IT Fifth Third Bank Dennis C. Ferguson Director, Global Workgroup Services NCR Corporation Craig Forrester Senior Vice President of IT Cincinnati Financial Corporation
Stephen Hamilton Vice President, IT Operations Western & Southern Financial Group Marti Henning Consultant Don Hopkins Vice President and CIO SunGard Availability Services Melissa Johnson CIO and Vice President of Technology Comair Inc. Tamara Keefer CIO GE Aviation Michael Pleiman Executive Vice President Sogeti Geoff Smith President LP Enterprises Robin Smith SAP Practice Director Atos Origin Tom Thornley Vice President and CIO Cintas Inc. Linda Weber Vice President The Kroger Co.
S hared C ommitments Our highest priority is our students. Our faculty are active in both teaching and learning. We support an environment that encourages open and responsible expression. We set high standards for students and ourselves. We anticipate and respond to changes in society and the business environment. We support innovation and intelligent risk taking. We support collaborative and integrative activities that address significant issues. We believe that programs should drive resources. We believe that our school will be stronger if each of us is active in intellectual life. Our students must learn about other cultures and be able to learn from other cultures. The school should develop areas of recognized expertise.
104 Laws Hall • Oxford, OH 45056 513-529-3631 www.fsb.muohio.edu Miami University: Equal opportunity in education and employment.. 11/2008 Produced by marketing communications 1K1108 Designed by Fair-Huey Communications