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CoB Student Leaders— Part of Wolf Pack Pride
PORTFOLIO PROGRAM ADDS NEW ONLINE RESOURCES • FACULTY MEMBER STUDIES POST-DISASTER RETAIL STUDENTS TURN INTERNSHIPS INTO ENTREPRENEURSHIP • FACULTY MEMBER JOURNEYS AROUND THE U.S.
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LOYOLA UNIVERSITY NEW ORLEANS Loyola University New Orleans President
The Rev. Kevin Wm. Wildes, S.J. College of Business Dean
William Locander Director, Portfolio & Internships
Kathy Barnett Associate Dean
Angie Hoffer Development Officer College of Business
Traci Wolff Lucas Director of Editorial Services
Ray Willhoft ’00 Loyola Executive Designer
Craig Bloodworth Photographer
Harold Baquet Contributors
Kathy Barnett William Locander
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COLLEGE OF BUSINESS MAGAZINE LOYOLA UNIVERSITY NEW ORLEANS SPRING 2012 • VOL.5 • NO.1 • www.business.loyno.edu
COVER FOCUS 6 CoB Student Leaders–– Part of Wolf Pack Pride
FEATURES 12 CoB Portfolio Program— Continuing to Provide Students the Resources to Grow Their Skills 16 Hawaiian Shirts and Santa Suits…Not Your Typical Business Attire 20 From Internships to Entrepreneurship—Students Find Meaning in Their Work 28 Seeing the USA in Her… Mustang Loyola Executive is published bi-annually for Loyola University New Orleans College of Business alumni and friends. Please address correspondence to: Loyola Executive Office of the Dean 6363 St. Charles Avenue, Box 15 New Orleans, LA 70118 News and photographs for possible use in future issues may be submitted by readers. POSTMASTER: Send address changes to: Loyola Executive Loyola University New Orleans 7214 St. Charles Avenue, Box 909 New Orleans, LA 70118 Loyola University New Orleans has fully supported and fostered in its educational programs, admissions, employment practices, and in the activities it operates the policy of not discriminating on the basis of age, color, disability, national origin, race, religion, sex/gender, or sexual orientation. This policy is in compliance with all applicable federal regulations and guidelines.
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From the Dean When this issue came together, I was pleased to see so many articles about student groups and Wolf Pack pride! In the College of Business, we try to involve as many students as possible both in classroom groups and student organizations. This issue of Loyola Executive profiles many of the student organizations in the College of Business as well as two of our many entrepreneurialminded students. It is a pleasure as dean to see our students starting their own businesses and succeeding. I noted that the two students in this issue are entering the fashion goods business— jewelry and clothing. I am also told that one of our seniors is starting his own hedge fund. The first faculty profile features Dr. Mike Pearson, who is a brand unto his own—a Hawaiian Santa Claus. His article also highlights Mike’s research on a retail study, the effect of Katrina on New Orleans retailing. Mike used his sabbatical to gather data on the topic and hopes to publish a book on Katrina-like disasters. The second faculty profile features Dr. Joohyung Ha, a woman of many interests, hobbies, and accomplishments. Joo joined our accounting faculty last fall and is enjoying all New Orleans has to offer—especially crawfish. Please enjoy this issue because it is the product of long hours of work on the part of Dr. Kathy Barnett, who always has the students’ best interests at heart.
William B. Locander, Ph.D. College of Business Dean
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CoB Student Leaders— As anyone who has spent time in New Orleans knows, Lagniappe refers to “a little something extra.” In the College of Business, that little something extra for students often comes in the form of membership in a CoB student organization. The scope of activities and connections offered through these organizations greatly enrich the college experience for many of our undergraduate and graduate students alike. Our student leaders participate in regional and national competitions, build relevant resume experience, and make lifelong friends through their membership affiliations. While we could not begin to cover all the many outstanding programs our student leaders are engaged in, the organizational bios included here will give you an overview of what our “pack leaders” are up to.
AIESEC Jourdan McCullough, Dillion Warren, Daniel Afandor, Jennifer Weber, Kristi-Marie Weston (president), Alex Tabora, Ryan Lilly Purpose: To provide opportunities for students to complete internships abroad, enhance their leadership skills, and promote global understanding through cooperation with other universities worldwide. Recent accomplishments: One of the newest CoB student organizations, chapter members identify and
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actively promote international internships to students interested in interning abroad. Number of Members: 34 For information on joining, contact Kristi Weston at kmweston@loyno.edu Website: www.loyno.edu/~aiesec Join us on Facebook.
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—Part of Wolf Pack Pride
Alpha Kappa Psi Seated Front: Kayla Butler, Christina Morales, Standing Left to Right: Cynthia Morales, Christine Alexis, Elisa Rodriguez, Allison Rousseve (president) Purpose: To build better business leaders and further the individual welfare of members during college and beyond through a variety of professional, social, and community activities. Recent activities: Awarded the Circle of Excellence Award at AKP National Convention, 2011.
Numerous community and social events. Number of Members: 41 For information on joining, contact Elisa Rodriguez at emrodrig@loyno.edu Website: www.loynoakpsi.com Join us on Facebook and Twitter.
American Marketing Association Alex Tabora, Amanda Oldani, Michael Murgado, Mario McDonald, Kate Trotter (president) Purpose: To provide students with business and marketing experience beyond the classroom while adhering to the highest ethical standards of the marketing profession. Recent activities: Hosts a variety of on-campus speakers, participated in marketing week, and engaged with local
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marketing professionals on projects. Number of Members: 27 For information on joining, contact Kate Trotter at krtotte@loyno.edu Website: www.loyno.edu/~ama Join us on Facebook.
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Beta Alpha Psi Jiad Alqotob (president), Gavin Pitre, Justin Frank (not pictured) Purpose: To encourage and give recognition to scholastic and professional excellence by promoting the study and practice of accounting, finance, and information systems. Recent activities: Hosts weekly meetings with professional guest speakers from accounting and finance firms. Encourages altruism among its members by engaging in service activities with
organizations such as Second Harvest Food Bank and Habitat for Humanity. Co-hosts CoB Networking Night. Number of Members: 25 For information on joining, contact Gavin Pitre at gmpitre@loyno.edu Website: www.loyno.edu/~bapsi/ Join us on Facebook.
Beta Gamma Sigma Maria F. Cuadra, Alex Wolf, Nicole Walker (president) Purpose: The International Honor Society’s mission is to encourage and honor academic achievement in the study of business, to foster personal and professional excellence, to advance the values of the society, and to serve its lifelong members. Membership in Beta Gamma Sigma is the highest recognition a business student anywhere in the world can receive in a business program 8
accredited by AACSB International. Recent activities: Hosts Dean’s Fall Reception and a spring induction luncheon for its members. Membership is by invitation only and is based solely on academic standing in the College of Business. Website: www.betagammasigma.org/
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Delta Sigma Pi Seated Left to Right: Kristi Weston, Caitlin Ryan, Jessica Oliva, Dante Robinson, Alexis English Standing Left to Right: Dillon Warren, Jourdan McCullough, John Beverstock, Daniel Afanador, Michael Murgado, Kate Trotter, Ross Schneider, Alexandra Chater (president), Alex Wolf Purpose: To foster the study of business in universities; to promote closer affiliation between the commercial world and students of commerce; and to further a higher standard of commercial ethics and culture and the civic and commercial welfare of the community. Recent activities: Hosts a variety of events including
sponsorship of the CoB Networking Night; co-hosts business lectures and conferences; and participation in community events such as Relay for Life. Number of Members: 45 For information on joining, contact Alexandra Chater at acchater@loyno.edu Website: www.loyno.edu/~dsp Join us on Facebook.
Economics Club Matthew Portnoy, Maria F. Cuadra (president), Matthew Cole, Arlene Imendia, Javier Portillo Purpose: To provide an effective environment in which to promote the understanding of economic issues and to stimulate interest in local, national, and global economics. Recent activities: Hosts bi-weekly meetings with engaging speakers, debates, and book discussions.
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Number of Members: 30 For information on joining, contact Maria Cuadra at cuadra@loyno.edu Website: www.loyno.edu/econclub/Loyola_Economics_Club/ Home.html
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Global Business Association Seated Left to Right: Jessie Dufrene, Monica Nguyen, Jourdan McCullough (president), Angela Book Standing Left to Right: Andrew Romo, Jackie Gross, Jessica Oliva, Daniel Afandor Purpose: To increase students’ awareness of the importance of business on an international level and to foster activities for the professional advancement of those interested in business careers in today’s global economy. Recent activities: Upcoming event plans include formation of a Toastmaster’s group, dining
etiquette dinners, and discussion forums on international business topics. Number of Members: 35 For information on joining, contact Jourdan McCullough at jnmccull@loyno.edu Website: https://sites.google.com/site/gbaloyno/ Follow us on Facebook and Twitter.
Students in Free Enterprise Kristi-Marie Weston, Caitlin Ryan (president), Kate Trotter Purpose: To create and participate in various community service projects that help improve businesses and communities by volunteering and focusing on sustainability, economic, cultural, and social factors. Recent activities: Awarded third runner up at regional SIFE competition, New York City, 2011; Participants in 10
The St. Bernard Project, Loyola’s Wolves on the Prowl, and soon with the New Orleans Food Co-op. Number of Members: 7 For information on joining, contact Caitlin Ryan at ceryan@loyno.edu
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Student Government Association/ College of Business Senators Mary Crapanzano, Alex Mulvenna, Kayla Butler, Jennifer Weber (not pictured: Blake Corley) Purpose: As members of the SGA, CoB senators the CoB to start a CoB Facebook page. represent their college constituents and serve as a Number of Members: 5 elected (elections are held in the voice for their CoB peers. spring semester) Recent activities: Conducted student focus groups to For more information, contact Kayla Butler at address CoB student topics of interest, organized klbutler@loyno.edu voter registration programs, and are working with Website: www.loyno.edu/sga
MBA Association J.C. Eustis, Ifé Bancolé (president), Gia Misuraca, Baldwin Barkerling Purpose: To provide graduate business students with opportunities to develop leadership skills and prepare for professional positions through community outreach and social activities. Recent activities: The group hosts a variety of professional and social networking events open to all MBA students including tours of the Port of
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New Orleans and NOLA Brewery, “Night with the Hornets,” and several volunteer activities with local nonprofit organizations. Membership: All MBA students automatically receive membership when admitted to the MBA program. For more information, contact Jay O’Conor at hjoconor@loyno.edul
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CoB Portfolio Program— Continuing to Provide Students the Resources to Grow Their Skills
STUDENT-CENTERED PROFESSIONAL 12
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“What I like about the Portfolio Program is that I know I can go to the office any time of day and find someone that will look over my resume or cover letter or talk me through an upcoming interview.” —Keely Cashen, Junior Marketing Major There is no singular route to career success—students’ interests run the gamut from working in large, publically traded companies on Wall Street to one day opening their own shop in the French Quarter. Just as there is no one definition that defines a successful career, there is no singular plan that can meet all student needs when it comes to developing their career skills and interests. In keeping with that theory, the Portfolio office has added new online resources to complement the extensive one-on-one personal career coaching already provided.
Website Resources
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The addition of online resources allows for flexibility and program targeting to student interests. “As students progress through the four-year program, our goal is to provide more options allowing for greater flexibility in designing a career plan tailored to the individual student,” says Portfolio Director Kathy Barnett, Ph.D. “The online resources we added also allow students to access information when it is most convenient for them in their busy schedules.” “This year, we have been very proactive in adding resources to our website (www.business.loyno.edu/portfolio) for our students,” says Karin Iwasaka, career counselor to the freshman, sophomore, and junior CoB students. Portfolio students can now explore links that cover a variety of topics. What to do with a major in… economics or finance or marketing or other business major is just one topic example that allows students to explore career options and perhaps even consider a career that wasn’t on their radar previously. There are links to databases on career choices, occupations, and potential employers. Several of these links connect the Portfolio student with Loyola’s Career Development Center as well. The CDC staff will guide a student through career assessment testing for any student who requests testing. “We’ve
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“As students progress through the four-year program, our goal is to provide more options allowing for greater flexibility in designing a career plan tailored to the individual student.” —Kathy Barnett, Ph.D., Portfolio Director even added a link to the Emily Post Business Etiquette site that students can visit and get tips on telephone and social media manners or how to handle various situations as an office employee,” adds Iwasaka. Another upcoming addition to Portfolio is an online program called Interview Stream, where students can practice their interview skills. While it will never replace the one-on-one mock interviews the staff currently conducts with CoB undergrads, the program provides another means for students to get in some often much-needed practice before upcoming real-life interviews. Beginning in January 2012, Portfolio students can also access a series of webinars covering various job search strategies and hear different perspectives from other professionals out in the field.
LinkedIn As part of the junior year program, students are encouraged to open a LinkedIn account and post a professional profile on the networking site. Many students have embraced the concept and are utilizing their accounts to make connections to the business community. Alumni of the CoB should note that we now have a CoB LinkedIn Group, and we encourage you to join.
The Executive Network “As we prepare to add a senior year, the final major programming piece will be the addition of
the Portfolio Executive Network,” adds Barnett. This password-protected link will provide junior and senior Portfolio students with experienced professional contacts locally, around the country, and globally, who will act as executive resources for students. Students will not be allowed to ask the network members for jobs but rather, utilize the resources to determine how best to move from college student to the world of work. The program will be optional for students so that only juniors and seniors who are interested in working with network members will do so. A formal application process for network members has been developed. Interested professionals can get more information by calling (504) 864-7958.
The Student Perspective With its new initiatives, Portfolio is fast becoming a vital part of students’ success. “What I like about the Portfolio Program is that I know I can go to the office any time of day and find someone that will look over my resume or cover letter or talk me through an upcoming interview,” notes Keely Cashen, a junior marketing major. “Everyone in the office knows me by my name. It makes the program feel more personal and I don’t feel like just another student. The program is a great resource and I have learned so much… about internships, career information, and planning… I am better prepared as a result of Portfolio and I’ve really enjoyed the program.”
“This year, we have been very proactive in adding resources to our website (www.business.loyno.edu/portfolio) for our students.” —Karin Iwasaka, Career Counselor 14
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The Portfolio office offers a variety of resources to CoB students, including a lending library of career-related texts, workshop handouts, and numerous online resources. Below is an example of one of our workshop handouts on “Effective Interviewing Tips.�
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s it u s d n a , s ie t , s t ir h “S . le b a t r o f m o c n u o o t t s are ju Why not relax and enjoy life?”
––Mike Pearson, Ph.D.
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Mike Pearson, Ph.D., is not shy about his likeness to Santa Claus. In fact, he is, on occasion, prompted to put on a full Santa suit for a local New Orleans organization. But during his day job at the College of Business, Pearson is more likely to be spotted because he is wearing one of his more than 100 Hawaiian shirts. As Pearson says, “shirts, ties, and suits are just too uncomfortable. Why not relax and enjoy life?” His low-keyed personality is his signature, but music is a passion. Want to know about a local musician or one from out of town? Ask Pearson. He and his wife, Gayle (she gives tours of local cemeteries), are ambassadors for the New Orleans way of life. They both get the food, music, and culture of New Orleans—so much so, you rarely hear about his days as a faculty member at Bowling Green State University in Ohio (1971 – 1994). However, his semester as visiting faculty at the University of Hawaii, Hilo (fall 1982), brings back fond stories of class in the morning, golf in the afternoon, and a fine dinner in the evening. Maybe the four-month Hawaiian gig was where Pearson adapted one of his signature traits—wearing flowered shirts almost all the time. On the professional front, Pearson has spent his career teaching and researching various aspects of retail management. His most current research comes from his sabbatical leave where he did a research study of the effects of national catastrophes in the retail institutions in the area. Of course, he had a fertile retail research field in post-Katrina New Orleans, but he extended his work to other areas as well. In addition to the retail work, Pearson has published a number of papers on computerized teaching techniques in the areas of spreadsheet pricing shortages, retail site locations, distribution decisions, and in-basket exercise for classroom use. As one might guess, Pearson (and Gayle) keeps very busy playing Santa Claus (with and without a Hawaiian shirt) and cemetery tour guiding. But, a great meal at Commander’s or an outstanding music venue is surely to get a rousing “Ho, Ho, Ho” from Pearson, as well as Gayle.
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The Many Looks of Mike Pearson, Ph.D. 18
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A Look at New Orleans Retail Post-Katrina The research was initially started just after Hurricane Katrina in 2005. Because of the confusion and lack of reliable information right after Katrina, Pearson and his coresearchers constructed a pre-Katrina profile of retail stores using the 2005 Yellow Pages telephone directory. Over the next five years, retail profiles were constructed from the Yellow Pages to see which types of retailers were returning post-Katrina. The Yellow Pages analysis indicated that:
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Small retail entrepreneurs led the return.
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Because these retail entrepreneurs were burdened by high debt and slower than expected recovery (a characteristic of all recoveries), many of these entrepreneurs did not succeed.
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Most chain stores exhibited a waitand-see attitude and took much longer to return.
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Many retailers (especially chains) moved stores to suburban locations and have yet to return to Orleans Parish.
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When classified by merchandise category, retailers showed differing patterns of return with building materials and general merchandise stores leading the way in quickness of return and ability to maintain sales volume.
Stage 2: Comparatives A second stage of this research was to compare the Katrina New Orleans’ retail recovery with that of other cities recovering from disasters. Eight cities were selected based upon several criteria involving
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severity and timing of their disasters. All selected disaster areas were U.S. cities involving hurricanes and/or floods. Interesting findings from the Economic Census analysis were:
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While only 61% of Orleans Parish had returned by five years after Katrina, all of the eight other recovery areas returned to more than 100% stores returning in the five-year period before and after their disasters.
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The pattern of relatively rapid return of stores in the building materials category was consistent between Orleans Parish and the other disaster area cities. It was difficult to find consistency in return rates in the other merchandise categories.
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Sales per store increased 28.3% among New Orleans between the 2002 and 2007 Census years, slightly higher than the national average of 26.6%.
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New Orleans recovery was different. Katrina was a much larger disaster and therefore the retail recovery was different.
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Retailers lead the recovery. They came back before the population and thus should be treated as a key leader in recovery.
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While some evidence shows it is the small entrepreneurs who led the recovery, other evidence points to the importance of larger retailers in recovery. Pearson is attempting to organize the findings of this research into a book to help cities suffering from future Katrina-like disasters in their recoveries.
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Growing up in a family business often gives a got to see people reacting to her work. When young person insight as to just how much work, customers realized Asturias was the designer, they time, and effort is really involved in being your would tell her what her art meant to them. “Their own boss. The result of all that insight often leads stories meant so much to me because I realized I those young people to think about pursuing a could touch people with my designs.” She spent last summer interning at that same different career path—one that allows them a bit Thailand factory that more time to enjoy life. Such produced her first work, was the case with Cristy learning all about the Asturias, a senior in “The reactions of production side of the international business. “I saw business and creating more how hard my parents worked customers to my sketches. She is inspired by building their retail jewelry the images that Louisianans business from the ground up designs really make hold dear and the meanings and how little time they had behind those images. for anything else. I thought I me think outside Asturias has realized wanted something different.” the box.” everyone’s interpretation of But that began to change her work is different. This in high school when Asturias —Cristy Asturias really hit home when she was taking art classes—one of recently created a broken her favorite subjects. fleur-de-lis with the idea that Following Katrina, the students had an assignment to create a one person would wear one piece and a special representation of what the city was experiencing. someone in their life would wear the other. Asturias designed a fleur-de-lis with a heart and Asturias thought it would be a nice mothertwo hands (one black and one white) interwoven daughter thing. Then, a customer remarked that into the design. “I thought of it as the New Orleans she was going to wear one piece and send the other community united in love for our great city,” to her husband based in the military overseas. Asturias says. Her design was selected to be part of Asturias then realized how personal her creations a special exhibition held at Loyola. (Asturias’ first may be to someone else. “The reactions of trip to Loyola’s campus was to attend the opening customers to my designs really make me think reception with her dad). When Asturias’ mom saw outside the box.” her daughter’s work, she sent the design to the Asturias now oversees her own store, the Thailand factory that created all the other pieces newly opened Sterling Silvia, 4861 Magazine for Mom’s retail shop—unbeknownst to Asturias. St. She knows that for the next 5 – 8 years, that When the high school student saw her sketches as store will be her life—her baby. Just like it was a finished product, she was thrilled. And, because for her parents when they first started 20 years she was helping out in the store by that time, she ago—and that’s okay with her.
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It all started with a class assignment when John with proceeds going to causes including education McCann—or John Mac as he’s known to the really or specific nonprofits like Covenant House. The cool—was a first-semester freshman sitting in an brand is available online at www.eroscloset.com Intro to Business class at Loyola. The assignment and in several local shops. The Loyola marketing major lives his brand, was to write a business plan for a fictional company of the student’s choosing. Since one of McCann’s bringing his message, as a motivational speaker, to area schools and community interests has always been groups. He tries to make his fashion, he wrote a plan audience understand that focused on launching a “I interned this past they must always have faith clothing line. At the end of summer with Levi in and work to overcome the his first year in the CoB, he New York and learned struggles life throws at them. decided to act on that plan, so much, it was an McCann’s faith has its roots and his retail clothing line in God, and he encourages E.R.O.S. was born. E.R.O.S. amazing experience. the young people to whom he stands for Everyone Rises Now I have to apply speaks to find the roots of Over Struggles, and with that knowledge to my their own faith. little help and zero funding to own brand.” McCann travels twice a date, he’s in business— year to the Magic trade show figuring it out as he goes. —John McCann McCann oversees all in Las Vegas—“an incubator aspects of the operation from of fashion, where new trends development to production to shipping. Some of surface and develop into what will be seen on the the pieces in the line, which includes t-shirts, consumer.” He plans to return in August as a sweatshirts, cardigans, caps, and beanies, are vendor for the first time and hopes his line will be manufactured in-state with others produced in picked up by one of the national retailers. He has China at federally-approved manufacturers. It takes his eye on Urban Outfitters. “I have a lot of work about three weeks to a month for the finished to do following graduation in May to get ready for product to arrive from China, so McCann is always the event. I need to secure some funding and working six months out—planning product releases. develop my PR campaign. I interned this past His inspiration for his clothing line comes from summer with Levi in New York and learned so random creative moods and sources—music, art, much, it was an amazing experience. Now I have objects—that he finds interesting and moving. The to apply that knowledge to my own brand.” brand is targeted to young people (12 – 25 yearMcCann is working on a new business plan— olds) who relate to the E.R.O.S. message of one with many more details so that he can grow his “Fashion with a Purpose.” Sometimes McCann will business and realize the success he dreams of—a create pieces with a particular fundraiser in mind true testament to rising over struggles.
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CoB Broadens its International Focus through Two Prestigious Organizations The College of Business has recently become a member of the prestigious Consortium for Undergraduate International Business Education (CUIBE). CUIBE is an exclusive association of 23 universities with undergraduate international business programs designed to provide its members an opportunity to compare their programs against other member schools and facilitate sharing of best practices in international business education. “Membership in CUIBE recognizes that Loyola University New Orleans has demonstrated a strong commitment to undergraduate international business education through development of exceptional academic programs,” said CUIBE President Mark Ballam. “We are confident that Loyola University New Orleans will enhance the reputation of CUIBE and further the continued success of the consortium.” “Loyola’s acceptance into CUIBE is significant because it acknowledges the high standards of our international business program. The other programs in CUIBE are very impressive and we are delighted to be included,” said Loyola President Kevin Wm. Wildes, S.J., Ph.D. Jeffrey Krug, Ph.D., the Jack and Vada Reynolds Chair in International Business in the College of Business, led the effort for inclusion into CUIBE and says membership in the consortium is invaluable. “It’s a tremendous honor to be among only 23 universities that meet CUIBE’s strict requirements for membership,” Krug said. “Loyola’s membership in CUIBE helps us improve our existing programs in international business, offers our students new opportunities to study abroad, and enhances Loyola’s reputation nationwide.” Also under the direction of Krug, CoB students were one of five U.S. universities (of 25 U.S. universities that applied) to be granted a university chapter of AIESEC. AIESEC is the world’s largest student-run organization with chapters at 2,100 universities in 110 countries worldwide. AIESEC will provide yet another resource for Loyola students to study abroad. Students will work with local companies to bring foreign students to New Orleans and the Gulf region to work in internships. In return, Loyola students will be given opportunities to complete internships abroad. The organization will provide Loyola students with unique experiences to develop leadership skills, run their own organization, develop cultural awareness, and work abroad. The CoB is pleased to be a part of both of these organizations.
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The Center for Spiritual Capital: First Annual Leadership Conference “The business of America is business. The Partners; and Fred Smith, president of Competitive leadership of America rests in the hands of its Enterprise Institute (Washington, D.C.). Julie McDonald, customer service business leaders: not academics, not lawyers, not politicians, not journalists, and certainly not manager/SAIC and CoB Executive Mentor stated: “Last semester, I had the pleasure of attending Hollywood celebrities.” These were the opening The Center for Spiritual remarks by Nick Capital Leadership Capaldi, Ph.D., as he Conference. It was an welcomed attendees to “It was an inspirational event in The First Annual inspirational event in that it reinforced to me Leadership Conference that it reinforced to me that that there are very sponsored by The there are very successful, successful, influential Center for Spiritual influential business leaders who business leaders who Capital. The center allow their faith to influence their allow their faith to has undertaken both business lives by consciously influence their business a cultural and an making decisions every day to ‘do lives by consciously educational mission the right thing’ and treat others making decisions in order to with dignity and respect.” every day to ‘do establish a –– Julie McDonald the right thing’ home for and treat others business with dignity and leaders to s t u d y, praise, and promote the ethical norms that respect. Thanks to the media, we are all well guide evolving economic relationships in an era of aware of executives who make decisions that are globalization. The goal is to remind the world that harmful to others, but it was refreshing and commerce plays a key role in promoting material motivational to hear about the positive things prosperity and human freedom. that leaders in the business community are doing, Conference speakers for the inaugural event and more importantly, the motivation behind included Keith Bailey, former CEO of the Williams their actions and their success—their Company (Tulsa Oklahoma); Harry Kraemer, spirituality. What an interesting concept! Rarely author of From Values to Action, former CEO of do we hear about spirituality in the context of Baxter and executive partner of Madison Dearborn business and leadership.” Spring 2012 www.business.loyno.edu
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Seeing the USA in
ith a newly acquired taste for boiled crawfish, Joohyung Ha, Ph.D., is settling in to life in New Orleans and the College of Business. Ha joined the CoB in the fall of 2011 as an assistant professor of accounting. Born and raised in Seoul, South Korea, Ha is used to bright lights and big cities. She has travelled the U.S. extensively and has come to realize that the environment here is not always what she grew up
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accustomed to. During her first foray to the U.S., she served as a congressional intern in Washington, D.C. She describes herself at the time as a very shy high school student with little experience speaking English. She still managed, though, to use her time here wisely, taking advantage of every opportunity to tour D.C., learning as much as she could about how our government works. She next returned to the U.S. as a college exchange
Loyola Executive
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Her...Mustang “When we left Ohio, the roads were covered with snow, but as we got closer to Florida, the sun came out and the air conditioner came on. You would never experience such a difference in climate change travelling in Korea. I was amazed.” —Joohyung Ha, Ph.D.
student, studying in Dayton, Ohio. Living on campus, in a residence hall, she got to experience for the first time what colleges refer to as “the campus meal plan”— and gained 20 pounds! When she returned home and exited the plane in Korea, her parents weren’t sure it was her. But, a couple of months of home-cooked Korean food and the additional pounds disappeared. While in Akron, she travelled to more U.S. spots— Manhattan, Niagra Falls, California, and Florida. It was
Spring 2012
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on an 18-hour drive to Fort Lauderdale, Fla., that Ha began to consider just how large the U.S. was. “When we left Ohio, the roads were covered with snow, but as we got closer to Florida, the sun came out and the air conditioner came on,” she laughs. “You would never experience such a difference in climate change travelling in Korea. I was amazed.” Ha selected the U.S. to pursue her graduate studies including a master’s degree in professional accounting
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from the University of Texas at Austin, a master of science degree in finance from Boston College, and a Ph.D. in accounting from Oklahoma State University in Stillwater. Ha loved her time in Boston enjoying the academic culture of the city with so many great schools and students in the mix. And then there was graduate school in Texas—a state seven times the size of South Korea. “When I first got to Austin, I was pretty sure I was in the middle of nowhere—it was nothing like I had ever seen in South Korea. But then, when I moved to Stillwater, Okla., I realized THAT really is the middle of nowhere. Although, I did get to experience having to run down to the basement during tornado warnings on several occasions.” Not exactly the stuff of bright lights and big cities. Her hobbies—as her travels—vary greatly. A classically trained pianist since the age of five, she was encouraged to pursue a career as a concert pianist but opted for the path to academia instead. She lists as her favorite composers Beethoven and Mozart and Gustav Mahler (a recently acquired favorite after attending a concert by the Louisiana Philharmonic Symphony). She loves jazz piano and is eager to pick up a class in the subject and learn to play. Her favorite jazz pianist— Oscar Peterson. “I love his music,” she adds. 30
Snowboarding is another favorite activity, although she hasn’t had much opportunity to do that since moving to Louisiana. She learned to snowboard growing up in South Korea and tried out her skills in Keystone, Colo.—another favorite U.S. spot. Ha said she’s pretty good at the sport and enjoys the speed of flying down the mountain and just being outdoors in the fresh air. She loves dogs, and last but not least, is her interest in all things yoga. Ha says she has been told by friends that she reminds them of an octopus—it’s as though she has no bones and can get herself into some pretty weird poses. (She refused to supply photos as proof.) With master’s degrees in both accounting and finance, it is not surprising that her research interests lie in both areas. In 2011, she presented a paper titled “Agency costs of free cash flow and conditional conservatism” at the American Accounting Association annual meeting proceedings in Denver. She looks forward to collaborating with her Loyola CoB colleagues on future papers. So don’t be surprised to see this snowboardingpianist-yoga enthusiast-accounting professor touring around in her blue Ford mustang, map in hand, looking for the ultimate crawfish delicacy. Loyola Executive
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CoB Fall Events The CoB faculty, staff, and students are a social group who get together for special occasions— anything from
CoB business students mix and mingle with business professionals at the annual CoB Networking Night, held every fall semester for juniors and seniors.
professional networking to Halloween picnics to faculty accomplishments is cause for celebration.
Dr. Bill Barnett (with wife Helen) celebrates with family at a reception in his honor announcing the Dr. William Barnett Professorship in Free Enterprise Studies.
CoB staff dressed up for the annual Halloween Fall Picnic where students are served a free lunch by faculty and staff—and yes, it really is a free lunch.
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The Next 100 Years Starts Now! As Loyola celebrates its centennial, we look forward to another 100 years of providing an outstanding Jesuit education to our students. The College of Business Annual Fund provides essential support that enriches the quality of teaching, provides financial assistance to attract and retain top-quality students, and underwrites the programs that bring the college’s mission to life. Please make a gift to the College of Business Annual Fund in honor of Loyola’s centennial. It is one of the best ways to ensure we have the resources to lead the college into tomorrow. Please make your centennial year gift today by visiting giving.loyno.edu or calling (504) 861-5840. THANK YOU for being