Wi n t e r 2 0 1 1 - 2 0 1 2
Group Study Space and Technology Upgrades
Over the summer, the Stead Technology Services Group and the Pappajohn facilities staff worked on technology-related projects and building improvements. Students will find that: ▪ 56 computers in the Instructional Technology Center (ITC) have been replaced with new PCs and 22" monitors; ▪ all ITC printers were replaced with better, faster models; ▪ tables, chairs, and monitors in the second floor group study rooms have been replaced, allowing for better group collaboration, plus a new Mediascape table provides a better technology-rich, interactive environment for group work; ▪ the library and third floor space has changed to include new soft seating, café tables, and booths to create informal learning spaces; and ▪ SMART Podium systems have been added to classrooms of 70 seats and more. These interactive displays have tablet functionality, which allows users to write on the screen with digital ink, save notes, and take snapshots of the work to give the class a truly interactive experience.
Wi n t e r 2 0 1 1 - 2 0 1 2 Publisher William C. (Curt) Hunter, Dean curt-hunter@uiowa.edu
Director of Communication and External Relations Barbara Thomas barbara-thomas-2@uiowa.edu
Editor Lesanne B. Fliehler lesanne-fliehler@uiowa.edu
Magazine Design WDG Communications Inc. www.wdgcom.com
Writers Lesanne B. Fliehler Ruth Paarmann Tom Snee Michael Watkins
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Cover Story — Iowa’s MBA Programs: 50 Years of Continuing Growth and Success The development of the college’s MBA program began 50 years ago. Today it continues to change to meet the needs of business and business professionals.
Photography Bill Adams Impact Photo/Joe Photo Greg Frieden Linda Knowling Susan McClellen Stephanie Miles Tim Parker Mike Schlotterback Tim Schoon Alumni Relations Vicki Wittenberg vicki-wittenberg@uiowa.edu
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MBA Career Services: The Personal Touch An active partner in developing job-ready candidates, MBA Career Services helps position students for their post-MBA careers.
Executive Director of Development Tami Baumann tami-baumann@uiowa.edu
Director of Development Jana Michael jana-michael@uiowa.edu
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Henry B. Tippie College of Business Honor Roll of Contributors
Assistant Director of Development Tyler Timko tyler-timko@uiowa.edu
Business at Iowa correspondence should be directed to Lesanne B. Fliehler, Editor, Business at Iowa, Henry B. Tippie College of Business, 108 John Pappajohn Business Building, Iowa City, IA 52242-1994.
Special thanks to our friends and alumni for their support.
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Judith R. Frank Business Communications Center — Growth for a Program, for Students, and for Peer Tutors
Visit the Tippie College of Business web site at tippie.uiowa.edu
The Judith R. Frank Business Communications Center helps students develop the soft skills required to succeed in business today.
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Alumni Feature: Perry Glassgow, BBA86
Copyright © 2012. Henry B. Tippie College of Business, The University of Iowa. All rights reserved.
Perry Glassgow, vice president and controller for Harley-Davidson, is first and foremost a Hawkeye.
To Keep Receiving B@I Sections Consider This . . . . . . . . . . . 2 Media Clips . . . . . . . . . . . . .3 Development News . . . . . 13
College News . . . . . . . . . . 14 Faculty News . . . . . . . . . . 15 Student News . . . . . . . . . .17
Alumni News . . . . . . . . . . 20 In Memoriam . . . . . . . . . . 24
Business at Iowa, a semiannual publication for alumni and friends of the Henry B. Tippie College of Business, is made possible through the generosity of private donors. A complimentary subscription is provided to those who make an annual gift of $25 or more to the college via the University of Iowa Foundation. Online gifts may be made at www.givetoiowa.org/business, or you may mail your gift specifically marked for the Tippie College to the University of Iowa Foundation, Levitt Center for University Advancement, P.O. Box 4550, Iowa City, IA 52244-4550.
consider this
Comments from the Dean William C. (Curt) Hunter, Dean
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his issue of Business at Iowa celebrates the accomplishments of the college in several ways. Our cover story focuses on our MBA program, which has been in existence for 50 years. From its humble beginning in 1961, the program and the Tippie School of Management have grown to include the Full-time MBA Program, the Executive MBA Program, the MBA for Professionals and Managers Program (MBA-PM), the International Executive MBA Program in Hong Kong, the Italy MBA Program (CIMBA), and Dual Degree Program (MBA and master’s degree in engineering). Our graduates span the globe and they are contributing to the world of business every day. In addition, this issue highlights the Judith R. Frank Business Communications Center, which marked its 10th anniversary recently. Programs like this one support business students in their writing and communication skills. Helping students develop confidence in their writing and speaking abilities is a key component of the center’s work. Over the past few months, the college has seen record enrollments in its programs, especially in the undergraduate program. This year we have 33 more declared majors (for a total of 1,475), and 76 more pre-business students (total of 1,766). Our MBA and Master of Accountancy enrollments have continued to climb as well. Plus, our programs continue to do well in the national rankings. For example, U.S. News & World
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Report ranks our undergraduate program 28th among U.S. programs and 17th among public programs, while Financial Times lists our MBA program as 32nd in the U.S. and 64th in the world. More details about our rankings can be found on our web site at tippie.uiowa.edu/ about/rankings.cfm. The college strives to develop global citizens who are committed to ethical leadership. We’re asking our students today to examine and reflect on their personal values and the role those values play in defining their personal brand. Beginning in spring 2013, undergraduate students will need to submit a personal statement in their application materials because we feel that it is important. Today’s students must also understand the geopolitical, legal, social, economic, and religious contexts in which global businesses must operate. We do this through a variety of ways: course work,
Business at Iowa
experiential learning opportunities, study abroad, international internships, and our ethics program, which includes the Mary Thomas Prappas Business Ethics Essay Competition and participation in national ethics case competitions. Through Mary and Dempsey Prappas’ generosity, this annual competition serves to remind all undergraduate students of the importance of being ethical leaders. See more about this year’s winners at tippie.uiowa.edu/ bizcomm/essay-contest.cfm. There are many ways to stay abreast of changes happening in the college. Visit the web site at tippie.uiowa.edu, sign up to receive our electronic newsletters (tippie.uiowa.edu/about/ publications.cfm), or come back to campus. Stay in touch with us by keeping your contact information up-to-date, too. You can do this at tippie.uiowa.edu/alumni/update/ index.cfm, or you can always call Vicki Wittenberg, our alumni relations director, at 319-335-2769. We’d love to hear from you. Sincerely,
William C. (Curt) Hunter Henry B. Tippie Dean
Henry B. Tippie College of Business
media clips
Tippie in the News For additional Tippie news: tippie.uiowa.edu/news
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ippie students, faculty, and staff are making headlines — they are having an impact on the business world, and they are sought after by the media to comment on current business issues.
Scott Seibert
Charles Whiteman Henry B. Tippie Research Fellow and associate professor of management and organizations, revealing that empowered employees have higher job satisfaction, lower turnover, and lower stress (EHS Today, April 19):
“Employees said they were more engaged in their work when empowered, that they felt like they had an influence and an impact on the business around them.” Lynn Allendorf managing director of the Bedell Entrepreneurship Learning Laboratory, expanding on Iowa ranking at the bottom of states with women-owned businesses (Iowa Public Radio’s “The Exchange,” May 5):
“Traditionally, Iowa hasn’t been ranked very high as being entrepreneurial friendly… but there was a lot of good news in the report, too. The number of women starting businesses has increased practically every year for the last three decades, so women are catching up.” Robert Rouwenhorst lecturer in marketing, seeing a future when television will only show commercials that fit an individual’s needs (SourceMedia Group News, May 17):
senior associate dean, professor of economics, and Leonard A. Hadley Chair in Leadership, commenting on Republican leaders sending a letter to Federal Reserve Chairman Ben Bernanke, telling the group to take no more action to improve the economy through monetary stimulus (Des Moines Register, Oct. 9):
“Such a message was unprecedented … It opens up a degree of uncertainty about how the Fed will be able to conduct its policy in the future, and that’s not a positive thing.” Jodi Schafer director of admissions and financial aid for the Full-time MBA Program, explaining why the program offered a twoyear, full tuition financial award to the applicant who meets admissions criteria and best answered an essay question in “Tweet” form (Bloomberg Businessweek, June 30):
“We wanted to do something a little bit different in our applications so we could get to know our students at a deeper level. Since social networking is so prominent in business today, we thought this would be a creative way students could showcase their abilities and unique qualifications.”
“Technology has thrown off marketing. At some point in time, TV will know what you want.”
Business at Iowa
Greg Stewart Henry B. Tippie Professor of Management and Organizations, talking about the importance of a firm handshake in today’s business culture (The Today Show with Hoda and Kathy Lee, Sept. 15):
“In our research, we’ve found that interviewers make up their minds in the first two or three minutes they meet somebody — more critical than 30 minutes of job-related questioning.” Lon Moeller associate dean of Tippie’s Undergraduate Program and clinical professor of management and organizations, indicating what challenges the Tippie College is facing (Business Record, Aug. 19):
“Trying to provide a good education in a tough economy is the largest challenge. We’ve had more students applying for the college scholarships, and then I’ve been talking to our fund-raisers about trying to expand the scholarship pool, because that’s really important to students with increasing college costs.” Martin Gervais Leonard A. Hadley Research Fellow and associate professor of economics, discussing the drop in the number of homeowners — Generation X is delaying marriage or skipping it entirely (WOWT, Sept. 19):
“If you have a lot of risk, you don’t want to lock yourself into an asset that is not liquid. Instead, they wait until they have more wealth so they can better absorb wage shocks. Sometimes that means delaying a purchase until they’re significantly older, or maybe they just keep renting.”
Henry B. Tippie College of Business
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C O V E R S t o r y
From top left: Phillips Hall, the college’s home from 1965-1994; a mock interview circa 1968; an MBA-PM class in Cedar Rapids in 2010; Pappajohn Business Building, the college’s home today; campus scene circa 1980.
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Business at Iowa
Henry B. Tippie College of Business
Iowa’s MBA Programs: 50 Years of Continuing Growth and Success It was 1960-61, the beginning of the Sixties. During this time, the Civil Rights Act of 1960 was signed into law, America was only six years into the war in Vietnam, and John F. Kennedy was the country’s newly elected president. Big business was flourishing (think IBM, General Motors, and Coca-Cola), unemployment was about 5%, and the United States was enjoying a long, uninterrupted period of economic expansion. “It was a good time to be in business in the United States, an era when American efficiency and entrepreneurship were the wonder of the world,” according to historians Louis Galambos and Joseph Pratt.
In the early Sixties, Iowa’s College of Business Administration was located in University Hall (now known as Jessup Hall) on the Pentacrest. It was during this time the college began offering course work leading to the Master of Business Administration (MBA) degree. This was due, in part, to the publication by the Carnegie Foundation of The Education of the American Businessman by Frank Pierson and others. Pierson believed business schools were little changed from the 1920s, and he warned that if business schools failed to reevaluate their roles within universities and in society, they would be headed for disaster. At Iowa, Sidney G. Winter, dean of the UI business college from 1951 to 1963, was serving as president of the Association to Advance Collegiate Schools of Business (AACSB), an organization that accredits colleges of business and assists them with the continuous improvement of the programs. Upon his retirement as dean in 1963, he became head of the MBA program, which was the 65th such program developed in the United States.
Business at Iowa
An Early Full-time Program Alumnus Tom McCarty, a retired partner with Accenture and member of the college’s Board of Visitors, graduated from the MBA program in 1965. He entered the program immediately after graduating with a B.A. in economics in 1963. “The MBA wasn’t as well-known as it is today,” he says, “but it was beginning to be a degree that was noticed. My undergraduate was in liberal arts, and I didn’t really feel like I was qualified to do anything, so I came to the program right after getting my degree,” he says. “About half of my class did the same.” For students enrolling in the Full-time MBA Program today, most meet the requirement of having three to five years of experience before enrolling. That makes a tremendous difference, McCarty says. “Because I enrolled directly after getting my undergraduate degree, I didn’t have any real business perspective. It was more textbook learning for me,” he says. “The guys who’d been out working were getting a lot more out of the courses than I was.”
Henry B. Tippie College of Business
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1961 – 2011: 50 YEARS OF MBA PROGRAMS
McCarty says the program “certainly opened doors for me.” After graduation, McCarty joined the management training program with Western Electric (the manufacturing arm of AT&T at the time and which later became Lucent Technologies). After a few years, he became interested in consulting so he joined the consulting division of Arthur Anderson. “The MBA course work helped me greatly. I felt prepared in business basics, such as systems analysis and managerial accounting, but I also felt ready and prepared to lead the company into the future,” he says.
Today’s Full-time MBA Program The Tippie College’s MBA program has definitely grown since its early days when the curriculum consisted of only nine required graduate courses and a few electives. “The Tippie MBA programs are continuously being transformed to meet the need for a globally savvy, technically competent and adaptable workforce in an increasingly global labor market,” says Jay Sa-Aadu, associate dean of the Tippie School of Management and the Chester A. Phillips Professor of Finance and Real Estate. “In this new paradigm, students are immersed in a learning environment that provides critical linkage to industry to foster much needed leadership development and experiential learning opportunities, buttressed by a critical thinking framework.” The program significantly modified its curriculum in fall 2009 to include four overarching themes: ▪ Career driven — students gain experiences and skills that lead to marketability; ▪ Experiential anchoring — students learn by doing; ▪ Preparing the global manager and leader — students across all Tippie MBA programs understand and appreciate why and how fundamental business principles may be applied differently around the world; and ▪ Deep conviction — the program embraces social responsibility and community engagement where students donate their time to local community activities, as well as instill in students ethics and integrity in the discharge of corporate activities. Ultimately, the program is a “launching pad for transformational change,” says Associate Dean Sa-Aadu. “The program is designed to help students develop both professionally and personally.” Tippie’s career academies, first launched in 2009, provide a unique set of academic and professional experiences — tied to industry — that support the student’s development and future career success. 6
MBA-PM students in the downtown Cedar Rapids facility.
Tippie MBA students choose to study within one of three academies (Marketing, Finance, or Strategic Innovation). Experiential learning is a major thrust of Iowa’s program. “At Iowa, students spend two semesters in consulting projects with businesses, required as part of their programmatic experience,” says Colleen Downie, senior assistant dean of the Tippie School of Management. Placing students in real-world engagements to problem solve, interact with corporate leaders, and lead projects is highly developmental and helps to prepare today’s students with the applicable skills they need to succeed in business.” At the apex of Tippie’s experiential learning activities, which has become the centerpiece of the Full-time MBA Program, is the Business Solutions Center where student teams consult with corporate clients, under the guidance of the center’s director, Richard Boulger. Projects provide context to theoretical frameworks learned in the classroom. Student teams offer services in large scale data analysis, market entry/expansion strategy, and strategic decision support. “By the end of their two years of study, students have done more work in the field — analyzing real-life business problems and implementing strategic solutions — than students in many other MBA programs,” Boulger says. Additional experiential learning happens within the career academies. For example, Finance Career Academy MBA students who participate in the Henry Fund put their investment skills to work in a student-managed stock portfolio. The fund frequently beat its benchmark S&P 500, and it has won several awards at the national Redefining Investment Strategy Education (RISE) conference. The real-money investment fund gives finance MBA students the necessary experiential learning experience that blends academic rigor with real-world portfolio management experience. Business ethics and social responsibility are stressed in Tippie’s MBA programs. A four-semester Leadership, Ethics, and Professionalism course emphasizes the importance of ethics and social responsibility for tomorrow’s business leaders. In fall 2010, then second-year MBA student Tracy Suits (MBA11), now at Business at Iowa
Johnson & Johnson, created the first Philanthropy Day to convey that engagement is important. “I’ve always done volunteer work personally and through my company,” she says. “We would volunteer at a YMCA camp in Buffalo, Iowa, and spend the whole day working together. Those kinds of activities build a team in a great way, and I wanted to come up with something that would help build teamwork among my MBA classmates.” During the first Philanthropy Day, nearly 70 first-year students visited 12 elementary schools with a simple task: to bring important character values to life to kindergarten, first-, and second-grade students using puppet theater. This fall, the students taught elementary students about basic business concepts through a new product development activity (see article, page 17).
Programs for Working Professionals Back in 1966, just five years after the university created the MBA program, changes were under way as the faculty began to offer course work in the Quad Cities. The off-campus program reached out to working professionals, offering course work in the evenings and occasional weekends. When Gary Fethke (BA64, PhD68), a professor of economics and management sciences, became the college’s dean in 1993, the MBA program unified its efforts under a new name, the School of Management, instituted high admission standards, and strengthened recruiting. In addition, the college increased statewide access to its off-campus program, known today as the MBA for Professionals and Managers Program (MBA-PM). When the college opened the Pappajohn Business Building in 1994, the technological capabilities available meant the college could deliver select MBA classes at off-campus sites, starting in the Quad Cities and Cedar Rapids, and later offering those courses in Newton. The Newton program moved to Des Moines in 1998 and today, each site offers programming in quality facilities that offer the same instructional technology that are found in any classroom on the UI campus. Over the years, the program’s enrollment has grown from slightly more than 300 students to more than 750 students today. The MBA-PM Program is one fundamental way the University of Iowa maintains its relevance and credibility with Iowa businesses and helps to grow the economy of the state, Sa-Aadu says. “We help provide the human capital development needs for Iowa businesses through our programs,” he says. “Many professionals from such companies as Rockwell Collins, John Deere, Principal Financial, and AEGON/Transamerica have graduated from our programs.”
Henry B. Tippie College of Business
1961 – 2011: 50 YEARS OF MBA PROGRAMS
Flexible course scheduling is a hallmark of the MBA-PM even today, which allows employed professionals the ability to earn their degree at their own pace while continuing in their careers. “The beauty of participating in the program while being a full-time professional was that I was able to apply my learning immediately in the world of business,” says Tony Hair (MBA04), general manager of the Décor Business Unit, a division of Newell Rubbermaid. “What exceeded my expectation was the experience of the faculty in their field and their ability to relate the subjects and examples to real business situations. I was able to relate the topics and theory to the real business situations I faced in my work daily.” When Hair enrolled in the MBA-PM Program in 2001, he was the director of procurement for Maytag in Newton. Because his undergraduate degree was in mechanical engineering, he knew he had significant opportunities to learn more about broader business roles. “A mechanical engineering degree was a great background for problems solving, process thinking, and simplifying complexity,” Hair says, “but I knew I needed to gain experience in business areas. The course work was an excellent blend of depth and application of things I already had experience with, such as operations management and statistics, and theory in business areas that I didn’t have experience in, such as finance, marketing, and organizational development.”
Preparing Today’s Executives The Executive MBA Program (EMBA), also for working professionals, began in 1977 as an accelerated program that allowed experienced business professionals the ability to complete the course work in as little as 21 months. Available today are: ▪ the EMBA degree offered in Des Moines and Iowa City; and ▪ a dual Engineering/EMBA degree, offered in Cedar Rapids with Iowa State University, for engineers, architects, or others in a highly technical field. The business professionals enrolled in these programs are adding value to their organizations, helping their companies grow and improve. One such example is Dr. Allen Reed, who was hired to turn around the OrganTransplant Center at University of Iowa Hospitals and Clinics. At the time, he says he had “marginal skill sets” to do it, so he received approval to enter the Tippie Executive MBA Program. “I know today that there is a science behind business success, and I needed that knowledge,” says Reed, a second-year student. “When I took over the center, operations were abysmal. It took a year to go from referral to a decision on when
to put someone on the transplant list. Today, after conducting a Lean Sigma process, we have cut that time to 21 days.” In addition, he says, the clinic has tripled the number of evaluations it conducts, tripled the number of transplant listings, and doubled the number of transplants done in a year. “All of that is due to what I learn in class. I learn something new every day, and that is no joke,” Reed says. “I’m a physician and knew very little about what businesspeople do on an everyday basis,” he says. “But today, I understand the marginal cost of doing business, supply chains, and financial reporting. I have learned these concepts from great faculty and from interactions with other MBA students who are employees of successful businesses.”
Principal Financial, a Des Moines-based company with offices around the world. “That visit really opened my eyes to the exploding market of financial services in Asia,” he says. “The possibilities for growth in this industry are booming and as the middle class continues to grow rapidly in China, financial services companies will experience great gains.” Tippie’s MBA program ensures that students are mastering the skills and competencies valued by employers in the dynamic global marketplace, says Sa-Aadu. “Ultimately, the effectiveness of our curriculum depends on the degree to which it anticipates and manifests real rather than transitory industry trends. In this regard, we are focused on identifying specific marketplace capabilities and incorporating them in a flexible curriculum with carefully constructed balance between theory and applications.” ▪
Tippie’s Global Footprint More recently, Tippie’s MBA programs have expanded globally. Emerging leaders in the Hong Kong region have access to the same high-quality education as is offered on campus through the International MBA Program in Hong Kong. A unique aspect of the Tippie Asia MBA program is that Iowa’s Tippie faculty members travel there to teach in the program, training high-potential professionals to lead global business. With each graduating class, Hong Kong is becoming a strong alumni base, which will help the college as it grows its global opportunities for students. Tippie’s MBA programs now have a global footprint in Europe as well. Students can learn about international business and develop their leadership skills through the Consortium Institute of Management and Business Analysis (CIMBA) MBA Program, offered in Asolo, Italy. Faculty members from Iowa and other top U.S. business programs teach the academic course work, plus there are visits to companies in Italy’s Veneto region, one of the leading entrepreneurial zones in the European Union. A hallmark of Iowa’s programming includes global learning opportunities for all MBA students. For nine days this winter, for example, Full-time MBA and MBA-PM students will travel to either Hong Kong and southern China or Argentina and Chile to learn about operations, microfinance, trade and commerce, and the region’s economies through corporate visits and interactions with seasoned professionals in those countries. Jared Marks (MBA11), a financial analyst with Ford Motor Company, was a member of the Finance Academy and traveled to China last spring. The experience, he says, “expanded my business sense on a global level.” In addition to visiting the Hong Kong Stock Exchange and the Yantian International Container Terminal (one of the largest port terminals in the world), the class met with representatives of Business at Iowa
Henry B. Tippie College of Business
Important MBA Program Dates 1961 Course work leading to the MBA degree is available. 1966 The MBA degree is offered off campus for the first time, in the Quad Cities at the Quad Cities Graduate Center and in Cedar Rapids at Coe College. 1978 The first Executive MBA class is admitted. 1994 The Henry Fund, an endowed equity portfolio, is established. 1995 In cooperation with the Des Moines Area Community College, the MBA program is offered in Newton at the DMACC Polytechnic Campus. 1998 The Evening MBA Program expands into Des Moines. 2000 Tippie School of Management and Iowa State University College of Engineering introduce Dual Master’s Degree Program leading to UI MBA degree and ISU master’s degree in systems engineering. 2002 Executive MBA Program expands into Des Moines. 2005 First class graduates from the two-year Tippie International Executive MBA Program in Hong Kong. 2007 Business Solutions Center opens where student teams work to solve real business problems for Iowa and other U.S. businesses. 2008 University of Iowa becomes creditand degree-granting institution for the Consortium of Universities for International Studies, which provides an international MBA at the Consortium Institute for Management and Business Analysis, headquartered in Asolo, Italy. 2009 Career academies created to integrate academic and professional experiences for MBA students. 2010 School of Management partners with CFA Institute to help MBA finance students prepare for careers as Chartered Financial Analysts.
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MBA Career Services
The Personal Touch
Imagine leaving your full-time employment, moving away from your current community, and hitting the books again — all with the hope of advancing your career. Just a little bit frightening in these economic times, isn’t it? That’s reality for the 130-140 students currently enrolled in the Tippie College’s Full-time MBA Program. The good news? From the moment students set foot on campus, MBA Career Services is an active partner in developing the skills these students need to become job-ready candidates. “Our students all have the hope of increasing their earning potential or advancing their career in a significant way,” says Jennifer Johnson, director of MBA Career Services. “One of our jobs is to make sure they understand the challenging job-search environment and know what they need to do to compete in that ultra-competitive market.”
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In their first year, students are immersed in professional development through the Leadership, Ethics, and Professionalism (LEAP) course, developed recently when the Full-time MBA Program revamped its curriculum. The four-semester course helps students to identify opportunities and obstacles to their career goals and to develop a detailed action plan to achieve those goals. Through guest speakers, small group sessions, and individualized leadership development activities, students are provided the necessary tools to position themselves for their post-MBA positions, says Michel Pontarelli, associate director of MBA Career Services. “There are experiential sessions in LEAP where students learn about leveraging personal branding, networking, and interviewing skills to differentiate themselves in the market,” Pontarelli says. “The students also practice what they are learning
Business at Iowa
through mock fairs, mocktails, and mock interviews.”. The career academies are also part of the new curriculum. Students choose to be part of either the Marketing, Finance, or Strategic Innovation academy. Each career academy provides a set of academic and professional experiences — tied to industry — that result in marketable skills sets. Many of these activities take place in the first six weeks of the program. “From our very first week of orientation (called IMPACT Week), we were already starting to talk about the career search, so that’s definitely a big focus of the program,” says Tara From (MBA11). “We run a ‘boot camp’ type of program to prepare them quickly,” says Johnson. “Within that short time, they need to be prepared to compete at the national MBA career fairs taking place around the country. This is where all the top MBA companies are going
Henry B. Tippie College of Business
MBA CAREER SERVICES: THE PERSONAL TOUCH
to actively look at talent outside of their core schools where they typically recruit.” From a student perspective, that’s pretty daunting. The School of Management’s participation in these fairs has increased drastically over the last few years, Johnson says. “More than 80 students participated in the fairs last year, a very significant percentage of students in the program,” she says. “The top 400 companies that hire MBA students are at these fairs, and it’s important that students get that visibility and face time with these big companies.” MBA Career Services doesn’t just rely on on-campus recruiting, although that’s in the mix, Johnson says. “We use a multichannel approach. About 20% of our overall hiring in any given year is through on-campus recruiting,” she says. “It’s only one piece of the pie. Our ability to achieve strong employment results cannot rely solely on this channel.” Because the program is smaller than some, the business directors and MBA Career Services staff get to know students well. With that knowledge, the staff can make direct referral recommendations to companies. About 20-30% of accepted job offers in any given year are from direct referrals. “This is a big piece of our value proposition to incoming candidates on the admissions side,” Johnson says. It’s the very personalized nature of how we work with our students, and this is fairly unique compared with other programs. We know these students,” she says. “They’re not just faces to us.” Tara From felt that personal touch immediately. “MBA Career Services came to know me and the kind of company culture
Tara From (MBA11), during her internship with Continental Airlines
Erin Dougherty, Tom Banta, Jana Klauke, Michel Pontarelli, and Jennifer Johnson make up the successful MBA Career Services team.
I was interested in,” she says, “so they knew my goals and they helped me find positions that were a good culture fit.” From, who is now a business associate in the Emerging Leaders Program at United Airlines, says she took advantage of all the career-related opportunities she could. “I never knew in what unexpected way I would benefit, but each time I practiced a mock interview, I became better at it,” she says. “I felt very prepared when the real interviews started.” MBA Career Services also offers Symplicity, a career services management system that enhances how information is shared between students and employers. For example, students can learn about prospective employers and start building relationships with key recruiting contacts, find out about information sessions held by employers coming to campus, find a professional mentor who can provide them with career advice and insight, and use the job-search database to search for open positions that meet the student’s job criteria. “Job postings within the Symplicity system drive about 35% of the job-offer activity,” Johnson says. “This is important because most MBA recruiters take a very specific and targeted approach to their efforts, maybe targeting only three schools. Penetrating that barrier is very challenging.”
Business at Iowa
Johnson notes that Symplicity postings are the result of either a company expressing interest in advertising there or the MBA Career Services team’s active outreach efforts to educate companies on our process and willingness to post their roles and provide targeted candidate referrals. “This strategy gets visibility for our students, and then we send company reps a small, select list of direct referrals that we think align well with their needs,” Johnson says. A fairly recent addition to the office’s services is the Friday Weekly Leads List, a compilation of recent MBA job opportunities that aren’t already posted in the Symplicity system. The result of a brainstorming session in late 2008 when the economy started its downslide, the leads list “generates new ideas that drive results for our students,” Johnson says. “Last year our percentage of accepted offers within three months of graduation was 95%, which put us at the top of several media rankings for this important metric,” she says. “To say we’re among the top tier MBA programs in our placement outcomes is a great accomplishment. “Whatever goal students have when they set out on this journey, we’re making things happen for them.” ▪
Henry B. Tippie College of Business
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The University of Iowa Henry B. Tippie College of Business
Honor Roll of Contributors
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his honor roll gratefully recognizes alumni, faculty, and friends who contributed $1,000 or more from July 1, 2010, through June 30, 2011, to the Henry B. Tippie College of Business through The University of Iowa Foundation, the preferred channel for private support of all areas of the University.
Levels of Giving Dean’s Club Contributors The Henry B. Tippie College of Business Dean’s Club recognizes individuals who contribute $1,000 or more each year through The University of Iowa Foundation to the college and/or its departments and programs. Their generous support enables the college to maintain its position of leadership in education, research, and service. Dean’s Club members receive special opportunities to become more closely involved with the college and its activities.
Dean’s Club Trustees Those who contribute $10,000 or more to any area within the Henry B. Tippie College of Business.
Dean’s Club Chairmen Those who contribute $5,000 through $9,999 to any area within the Henry B. Tippie College of Business.
Dean’s Club Directors Those who contribute $2,500 through $4,999 to any area within the Henry B. Tippie College of Business.
Dean’s Club Advisors Those who contribute $1,000 through $2,499 to any area within the Henry B. Tippie College of Business.
Business Associates Program The Business Associates include corporations, foundations, and other organizations that contribute $1,000 or more annually to the Henry B. Tippie College
The Henry B. Tippie College of Business 1847 Society The following living alumni and friends have informed the UI Foundation of their intent to provide a deferred gift, of any size, to benefit the Henry B. Tippie College of Business (and approved this public listing in the honor roll of contributors). Members of the Henry B. Tippie College of Business 1847 Society as of December 31, 2010, include:
Anonymous Members (109) Margaret E. Hibbs Argall Nat T. and Sharon Johnson Baird James W. Bell 10
of Business and/or its departments and programs through The University of Iowa Foundation.
Distinguished Members Corporations, foundations, and other organizations that contribute $5,000 or more to the Henry B. Tippie College of Business.
Associate Senior Members Corporations, foundations, and other organizations that contribute $2,500 through $4,999 to the Henry B. Tippie College of Business.
Associate Members Corporations, foundations, and other organizations that contribute $1,000 through $2,499 to the Henry B. Tippie College of Business.
The Presidents Club The Presidents Club recognizes The University of Iowa’s most generous contributors. Members include those with cumulative gifts, pledges, or deferred gifts of $40,000 or more to support the University. Corporations, businesses, foundations, and other organizations that demonstrate generous support for the University at the Presidents Club level (outright gifts or 10-year pledges of at least $40,000) receive recognition through membership in The Presidents Club Associates. Those who were members of The Presidents Club and The Presidents Club Associates by June 30, 2011, appear in bold type.
Nadine Bright Bell Warren J. and Maryellen A. Boe James L. and Suzanne M. Cahalan Kent B. and Vera G. Casstevens Jeffrey A. and Sheila R. Chapman Russell B. Collingwood Daniel W. Collins Keith L. Cook Loren L. and Patricia A. Coppock Barbara J. Cox John A. Crawford Gordon R. Epping Marcia Jones Everson Harris Frank Timothy J. Gallagher Sue M. Galvin Michael T. and Julie A. Gatens Dennis F. and Bonnie J. Geer Business at Iowa
Russ Gray Harry L. Greenberg Gene A. Groth Leonard A. Hadley Arlen L. Haines Ivan L. and Bonnie L. Hasselbusch Judelle Havener John R. and Vivian M. Herder Emma E. Holmes William J. and Jeannette M. Holtz Craig A. Johnson Bill L. and Marie N. Kidder Margaret Phelps Layton Dick A. and Artus M. Leabo Lola Lopes Thomas E. and Ruthann I. McCarty Ann E. Miller
Henry B. Tippie College of Business
Robert A. Mitchell and Janet E. Burch H. Richard Montross, Jr., and Barbara L. Montross Clark Morton Kathryn P. Nereim Thomas E. Nolan Jerry L. Patten Donald H. and Kay A. Pilgrim Mary Louise Remy Dan C. Roberts Michael A. and Sandra R. Rocca Olga Sassine Mark Scally Julia A. Schmidt Roger K. Scholes Eugene R. Schwarting Mark J. Smith James E. Starr Jerre L. and Mary Joy Stead Gerald B. Stofer Wayne H. Stoppelmoor Carolyn L. and Richard L. Szatkowski Phillip J. Tyler Bill and Marilyn Vernon Amelia P. Wiley Noel W. Willis Clifton E. Woodcock Larry V. and Lori Wright Nancy Zadek Dean’s Club Trustees The following alumni and friends provided support at the Dean’s Club Trustees level (individual, annual gift support of $10,000 or more) from July 1, 2010, through June 30, 2011:
Bachman, Albert H. Bachman, Anna May Baker, Dale E. Baker, Linda R. Bobek, Jeffrey L. Bobek, Therese M. Cannon, Frank C. Cannon, Sue W. Carlson, Carol Ann Carlson, Steven Warren Code, Andrew W. Code, Susan K. Coffman, Mrs. Vance Coffman, Vance D. Cook, Keith L. Dore, Kathleen A. Dunn, James M. Eginoire, Katherine L.
Eginoire, Steven L. Evans, Jennifer K. Evans, Kenneth H., Jr. Fethke, Carol C. Fethke, Gary C. Frantz, Michael D. Frantz, Susan F. Giasafakis, James E. Giasafakis, Katheryn P. Hart, Lorraine R. Havener, Gary W. Havener, Judelle Hazell, A. Michael Hazell, Joan E. Hershberger, Larry D. Holt, Katy Holt, Kevin C. Hubbell, Charlotte Beyer Hubbell, Frederick S. Jeffries, Francis E. Jeffries, Muriel J. Jepsen, Keith J. Karro, Roy G., Estate Keough, Jennifer Elder Keough, Michael T. Kidder, Bill L. Kidder, Marie N. Krause, Nancy S. Krause, W. A. Kress, Sharon K. Lane, Carol Brindley Lane, Curtis K. Luther, Thomas E. Moore, Larry E. Moore, Susan B. Pappajohn, John Pappajohn, Mary L. Ramundt, Dana C. Sparks, Dennis B. Sparks, Margaret S. Starman, Elizabeth E. Stead, Jerre L. Stead, Mary Joy Waugh, Richard W. Wright, Larry V. Wright, Lori
Dean’s Club Chairmen The following alumni and friends provided support at the Dean’s Club Chairmen level (individual, annual gift support of $5,000 through $9,999) from July 1, 2010, through June 30, 2011:
Ameche, H. Kathleen Berliner, Robert W., Jr. Bull, Dorris L. Bull, Ivan O. Burgess, Donna L. Burgess, Robert J. Calvin, Douglas D. Calvin, Lynn K. Caswell, John R. Caswell, Leslea R. Eisele, Jonathan F. Eisele, Michele M. Erickson, Christa M. Erickson, Scott R.
Huneke, Kurt S. Huneke, Sandy S. Johnson, Craig A. Johnson, Joan D. Kammerer, Jeffrey M. Koestner, Amy J. Koestner, Dan Kroeger, Eugene C. Kroeger, Jeanie Lewis, James M. Mallaro, Brian A. Mallaro, Roseanne Marban, Claudia T. Marban, Juan C. Masi, Maria L. McCarty, Ruthann I. McCarty, Thomas E. Meyer, Lou L. Nicolls, Bob Nicolls, Kathy Prappas, Dempsey J. Prappas, Mary T. Siegel, Maricela G. Siegel, Mark A. Smith, David W. White, Ira E. Ziegler, Dale E. Ziegler, Marie Z.
Millward, George W. Millward, Susan J. Morain, Diane Hawkinson Newinski, David J. Newinski, Laura M. Peters, Charles M. Peters, Mary Ann Pinney, Becky Pinney, Douglas L. Pratt, James G. Pratt, Mary L. Roberts, Dan C. Roberts, Jane L. Sevig, Bruce G. Smith, H. Raymond, Jr. Smith, Karen Ann Sprinkle, Sandi L. Sprinkle, Stan G., Jr. Stevenson, Richard A. Stevenson, Sheila A. Travillian, Andrea L. Travillian, Marc A. Volding, Marian Volding, Merle Warfield, Mary B. Warfield, Terry D. Williams, Harley J. Zaharis, Catherine
Dean’s Club Directors
Dean’s Club Advisors
The following alumni and friends provided support at the Dean’s Club Directors level (individual, annual gift support of $2,500 through $4,999) from July 1, 2010, through June 30, 2011:
The following alumni and friends provided support at the Dean’s Club Advisors level (individual, annual gift support of $1,000 through $2,499) from July 1, 2010, through June 30, 2011:
Adams, Alan B. Adams, Bryan W. Anson, George R. Anson, Kirsty Arzbaecher, Amy L. Arzbaecher, Robert C. Austin, Kelly J. Baker, Dena Ann Bening, Christine L. Bening, Clark E. Born, Douglas E. Born, Meg V. Christopherson, Betty J. Christopherson, Wayne A. Flores, D. Theodore, Jr. Flores, Susan M. Flynn, Jeannine M. Flynn, Scott D. Garreans, Melissa I. Hauserman, Nancy Hoffman, Christopher J. Hoffman, Elaine L. Huneke, Marilyn J. Huneke, Wayne R. Hurwitz, Scott E. Jacobs, Terry A. Kirkpatrick, David J. Kirkpatrick, J. Lavon Kleiner, Madeleine A. Knight, Richard F. McKenzie, Barbara A. Michael, Robert S.
Anonymous Members (2) Aldridge, Elizabeth T. Aldridge, James C. Alleman, Linda R. Anderson, Karl B. Asp, Alane L. Asp, Steven Bankson, Robert L. Barker, Carol Barnes, M. Jo Bauer, Dennis P. Bauer, Doris M. Baumann, Tami Baumann, Tim Bavolack, D. Christopher Baxter, Amy Sharp Baxter, Brian L. Beardsley, Thomas J. Becker, Robert B. Becker, Sally C. Bell, Howard E. Bell, Nadine Bright Berg, Barbara D. Berg, W. Robert Boe, Maryellen A. Boe, Warren J. Booth, Kami L. Booth, Matthew D. Brcka, Leonard R. Brcka, Velma M. Burks, Anne E. Burks, Jeffrey J.
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Henry B. Tippie College of Business
Burrowes, Jennifer Gathmann Busching, Betty Jean Busching, Dean L. Cahoon, Bradley J. Cahoon, Delilah E. Cannon, Kathryn J. Cannon, Kyle R. Carlson, Douglas J. Carlson, Jean B. Carroll, Patrice M. Carroll, Thomas J. Carstens, Donald D. Caruso, M. Lynn Caruso, Thierry Castings, Gregory B. Caves, Steven L. Caves, Suzanne G. Chickering, Brett H. Chickering, Marcelle J. Collingwood, Roseann Collingwood, Russell B. Collins, Daniel W. Couto, C. Douglass Cram, James L. Cram, Virginia Ann Cremers, Alan J. Cremers, Margaret R. Daly, Barbara Daly, George Dawson, Michael R. De Jong, David N. De Jong, Denise M. Desmond, Laura B. Dietz, Beth Power Dietz, Devon D. Dixit, Anshul Doyle, Patrick D. Driver, Carol M. Hinson Driver, Craig W. Easton, Dorothy M. Easton, Randall C. Eike, Anne C. Eike, Dennis J. Ellis, Jerry N. Ellis, Lucille Elaine Evans, Jack B. Evans, Nancy H. Foerstner, Elsie E. Forinash, Cecil L. Freiburger, Joseph J. Frick, Barbara A. Frick, Delmar L. Gaur, Upasna Gengler, Jeannette C. Gengler, Paul D. Giesemann, Faye H. Giesemann, Gary L. Glassgow, Perry A. Goodenow, Michele Goodenow, Stephen Grabosky, Marylyn C. Gray, Russ Hadley, Nicole C. Hadley, Philip A. Haines, Arlen L. Halstrom, Dan V. Halstrom, Rebecca A. Hammes, JoAnne Hammes, Stephen R. 11
Hammond, Robert L., Jr. Hansen, Martin E. Harkin, Ruth R. Harkin, Thomas R. Harvey, Jean A. Harvey, Randall D. Harvey, Scot D. Hassenstab, Scott P. Heath, Dana L. Hegarty, John D., Jr. Hegarty, Kay L. Hickman, Charles W. Hickman, Rebecca Hinders, Scott J. Horn, Celine Montag Horn, Gary J. Huelsbeck, Martha K. Jensen, Frederick H. Jensen, Jane P. Johnson, Gwen M. Johnson, James L. Johnston, Nicole M. Kadlec, Harvey L. Kadlec, Mary L. Kaufman, George G. Keith, Kevin S. Keith, Mary Jo Keller, Betts H. Keller, David H. Kinney, Carolyn K. Kinney, William R., Jr. Klyn, Pamela Klyn, Steve J. Knapp, Barbara A. Kolar, Joseph M. Kolar, Kathryn Sullivan Kress, William K. Kromer, Stephen C. Kruse, Donna L. Larson, Julie E. Larson, Shane C. Latham, Robert J. Latham, Sue B. LaVelle, Constance J. LaVelle, Richard C. Leighty, Emile Leighty, H. D. “Ike” Lein, Don C. Lein, Jean C. Lewis, James D. Lewis, Karen W. Lichtenberger, H. William Lichtenberger, Patricia A. Licko, David Licko, Elaine A. Loots, Colette R. Loots, Douglas W. Luiken, Jerry A. Mahoney, Lois Mahoney, Richard L. Mallicoat, Paula M. Mallicoat, Ronald J., Jr. Martin, Deborah L. Martin, John W. Massimo-Norgard, Diane C. Massman, Alcie S. Massman, Edward L. Massucci, Amanda May, Brian L. 12
May, Robin J. Mersch, Charles R. Mersch, Sarah D. Millen, Happy B. Millen, Robert G. Minette, Kathleen A. Minette, Richard P. Moser, Lisa L. Moser, Marty A. Mueller, Tom Nelson, Marcia J. Nelson, Steven D. Nelson, Todd D. Nikrant, James M. Norgard, David W. Nugent, Barbara Nugent, Michael E. Otrok, Christopher M. Otto, Julie M. Otto, Kenneth L. Owen, Jack L. Owen, Joanne G. Patterson, J. Michael Phillips, Susan M. Price, Dean R. Price, Donna R. Rayburn, Gene D. Rayburn, Judy D. Reddington, G. Joseph Reddington, Judith J. Reed, Barry A. Reeder, Bruce A. Reilly, Anne H. Reilly, John J. Rife, John A. Rife, Thelma G. Ritchie, Beth McKinney Ritchie, Mark Roan, Peggy A. Roan, Peter M. Rogers, Mary E. Rohwer, Ryan Roling, Sharon Voshell Sauter, James V. Sauter, Sara E. Schaechterle, Aaron C. Schaechterle, Lorin Schaefer, Christine R. Schaefer, Ted V. Schmidt, Frank L. Schmidt, Kari L. Schmidt, Thomas E. Schmitt, Michelle L. Schueller, Lynn A. Schueller, Scott J. Sengupta, Avi Sengupta, Shoma Shaner, Janet Shu, Pamela Slabas, Jennifer M. Starr, James E. Stegmaier, Mary A. Stoddard, Carol Barth Stoddard, Timothy A. Sunderman, Sherry K. Swaim, B. Kent Swaim, Marlene F. Tentinger, Kurt M. Tentinger, Lesli M. Business at Iowa
Trimble, Anne C. Trimble, Loren J. Tucker, Carol Tucker, Norman E. Van Leeuwen, David L. Van Leeuwen, Patricia T. Vernon, Bill Vernon, Marilyn Vieth, George W. Vieth, Jane B. Wacker, Delbert J. Wahlert, Donna J. Wahlert, Robert H. Wicklund, Gary A. Wicklund, LaDonna K. Wilkins, Michael T. Wilkins, Reta J. Willis, Eve Wilson, Kay L. Wilson, Lonny L. Wisgerhof, Max V. Wokosin, Michael J. Young, Ann E. Young, Jeffrey T. Distinguished Member Level These contributors made gifts of $5,000 or more to the college from July 1, 2010, through June 30, 2011, qualifying them as Distinguished Members of the Business Associates Program:
Anonymous Members (2) AW Welt Ambrisco Insurance, Inc. AEGON/Transamerica Allied Insurance John Deere Foundation GROWMARK Inc. Independent Agents Service Corporation Richard O. Jacobson Foundation KPMG Foundation McIntyre Foundation MidWestOne Bank Millhiser Smith Agency, Inc. The Principal Financial Group The Greater Quad-Cities Chapter of RIMS Rockwell Rockwell Collins Scheels All Sports State Farm Mutual Automobile Insurance Co. William A. Steele Foundation TRISTAR Risk Management Union Pacific Railroad United Fire & Casualty Company The University of Iowa Alumni Association Wells Fargo Bank, N.A.
Senior Members Level These contributors made gifts of $2,500 through $4,999 from July 1, 2010, through June 30, 2011, qualifying them as Senior Members of the Business Associates Program:
Iowa Insurance Education Foundation Associate Members Level These contributors made gifts of $1,000 through $2,499 from July 1, 2010, through June 30, 2011, qualifying them as Associate Members of the Business Associates Program:
Cedar Valley Chapter C.P.C.U. The Coons Foundation Ernst & Young Foundation Iowa Insurance Hall of Fame, Inc. Professional Accounting Council We also wish to gratefully acknowledge the 2,802 alumni, faculty, and friends who made gifts from $1 through $999 to the Henry B. Tippie College of Business through The University of Iowa Foundation. Their combined total giving in support of the college’s students, faculty, and programs was $345,825. Every gift matters — every dollar counts. Thank you!
For More Information If you would like more information about private support for the Henry B. Tippie College of Business, Tami Baumann, executive director of development for the business college, would be pleased to work with you. You may contact her at: The University of Iowa Foundation, Levitt Center for University Advancement, P.O. Box 4550, Iowa City, Iowa 52244-4550; (319) 335-3305 or toll-free (800) 648-6973; e-mail address: tami-baumann@uiowa.edu. Your inquiry will be treated confidentially.
Corrections The recognition extended to those listed in this honor roll is one small way to thank contributors. Every effort has been made to ensure that this honor roll is accurate. If your name has been omitted, misspelled, or misplaced, we apologize. Please contact the UI Foundation with any questions or corrections.
Thank you! The University of Iowa Foundation Levitt Center for University Advancement P.O. Box 4550 Iowa City, Iowa 52244-4550
For additional information and news for the University of Iowa Foundation: uifoundation.org Henry B. Tippie College of Business
When it comes to win-win philanthropic opportunities, Harris Frank of St. Louis, Mo., advocates for the charitable gift annuity. “For people my age, you can’t find a better way to give to the UI right now,” says Harris, 86, a longtime Tippie College of Business supporter. “Retirees like myself can do something good for an organization and get something they need for themselves. I am thrilled to be able to do this, and I think other people ought to consider it.” Harris says that the charitable gift annuity is even better today than when he and his late wife Judith made their donation to support the Judith R. Frank Business Communications Center. That’s true, he says, not only because it benefits the University of Iowa, but because it offers a great annual income stream and a tax deduction in the year he and his wife made the gift. “Interest rates on traditional savings accounts are at all-time lows, so it’s a perfect storm,” Harris says. “The gift annuities offer an attractive, steady income that I couldn’t possibly realize in any other way. Some of that is tax free, so it’s a great deal all around.” According to the UI Foundation, a charitable gift annuity is an irrevocable gift of cash or appreciated securities that the foundation retains until the donors reach the end of their lives. During their lifetimes, the donors receive annuity payments from the UI Foundation based on a fixed percentage of the funding value of the gift. Upon the death of the last annuitant, the remaining funds are used to support the University of Iowa according to the donor’s wishes. Charitable gift annuities can be used for anything, from scholarships and endowments to specific Tippie programs. The annuity rate is determined by the age or ages of the individual donor or couple. Annuity rates are higher for older donors and lower for younger
The Gi that G ft i Backves
donors. For example, a typical couple, ages 70 and 72, currently would receive a 5.3 percent annuity rate on a $10,000 gift annuity. They can claim a charitable deduction of $2,450.50 and they will receive $530 per year, guaranteed for the rest of their lives. Gift annuity payments also offer favorable taxation opportunities. With cash funding, a portion of the annual payment is taxed as ordinary income and a portion is tax free. With appreciated securities that have been held for more than a year, a portion of the annual payment is taxed as ordinary income, a portion is taxed as capital gain, and a portion may be tax free. Because it has been beneficial to him, Harris would like more retirees, donors,
accountants, and lawyers to learn about the attractive benefits of charitable gift annuities. “People can support the University of Iowa and greatly enhance their income at the same time,” he says. Charitable gift annuities are not available to donors in all states. To find out more about giving to the Tippie College of Business, see www.givetoiowa.org/business. ▪ Need Additional Information? To learn more about giving to the Tippie College of Business, contact: Tami Baumann Executive Director of Development tami-baumann@uiowa.edu Jana Michael Director of Development jana-michael@uiowa.edu Tyler Timko Assistant Director of Development tyler-timko@uiowa.edu The University of Iowa Foundation Phone: (319) 335-3305 (800) 648-6973
Harris and Judith Frank
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Henry B. Tippie College of Business
For additional Development News: givetoiowa.org/business
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collegenews News from the Tippie College of Business
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ant up-to-date news about the research, programs, students, faculty, and staff at the College? Subscribe to our monthly e-newsletter at tippie-news@uiowa.edu.
New Faces
Dawn Kluber (BBA83) is the Matthew new director Edwards of the has joined the Executive Undergraduate MBA Program. Program Office She most as an assistant Dawn Kluber recently was director the director of operations Matthew Edwards of global at AES Corp. in Cedar Rapids, perspectives. In addition and she has extensive corporate to advising students, he will experience with other evaluate the college’s study companies such as Motorola abroad programs, world and General Electric. In addition language policies, and serve to her degree from the college, as the International Business she received an MBA from Certificate coordinator. He has Case Western University. an M.Ed. from the University of Georgia and a B.A. in corporate Roy communication from Simpson Pettibone College. Previously, he was is the new an academic advisor at the director UI Academic Advising Center. of CUIS. He previously Stephanie was in industry Gibbons Roy Pettibone for 20+ years is the new and then an adjunct lecturer faculty services in the college teaching coordinator accounting courses in the for CUIS/ undergraduate and MBA CIMBA. programs. He received a Stephanie Gibbons A 2011 B.S. in accounting and M.Ac. graduate of Central College degree from Northeast Missouri in Pella, she previously worked State University (now Truman in Central College’s Study State) in 1983 and 1984, Abroad Office. respectively, and is a CPA. Stephanie Grebe is the new recruiting coordinator for CUIS. In her role, she will travel Stephanie Grebe to consortium universities to coordinate the recruiting and marketing for the CIMBA program in Italy.
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Michael Schluckebier has joined the Undergraduate Program Office as the assistant Michael Schluckebier director of student leadership development. He oversees Beta Gamma Sigma and honors students, the student
Business at Iowa
organizations, and participation of students in national conferences. He has a B.A. in computer science and an MBA from Drury University. Sara Stratton (BBA09) has joined the Institute for International Business as the assistant Sara Stratton director. She spent the last two years working in Madrid, Spain, as the director of human resources and academic advisor at a language academy. She will be in charge of advising and managing the International Perspectives Program and working with the UPO on international internships. Meg Thompson (BBA81, MBA86) is the new business director Meg Thompson for the Full-time MBA Program’s Strategic Innovation Career Academy. She previously was the vice president of strategy development with Rockwell Collins.
Rankings Forbes ▪ Full-time MBA Program — 21st (among all U.S. institutions); tied for 1st (lowest payback, 3.1 years)
Henry B. Tippie College of Business
U.S. News & World Report ▪ Undergraduate Program — 17th (among public U.S. institutions); 28th (among all public and private U.S. institutions) Economist ▪ Full-time MBA Program — 37th in North America, 59th in the world
Best MBA Application ‘Tweet’ A Tweeter who combined the timeless with technology has received a full financial award package from the Tippie School of Management for writing the best application Tweet. John Yates has global experience working in China and Thailand and currently provides cultural and language training for Berlitz to international diplomats and business executives in Houston. He used the classic form of Haiku to explain why he would be an outstanding Tippie MBA student: Globally minded Innovative and driven Tippie can sharpen Admission decisions are based on the usual mix of factors, including academic performance, professional experience, and demonstrated leadership.
facultynews
Duel Degree Program Begins in January The University of Iowa and Iowa State University have partnered to create a dual master’s degree program in business and engineering starting in January 2012. Graduates of the fivesemester program will receive an MBA from the UI Tippie School of Management and a master’s degree in engineering from ISU’s College of Engineering. The program was developed in conjunction with Rockwell Collins and Deere & Co., which requested assistance from the universities to help them train their managers and engineers. This is the fourth time the two universities have partnered to offer this program.
FACULTY NEWS
New Faculty Robert Cline, lecturer in marketing, received a B.A. in communications from Robert Cline Iowa in 1968, and recently was a consultant with Stamats, Inc. in Cedar Rapids. His expertise is in advertising, brand marketing communications, direct marketing, and the development of integrated marketing communications campaigns. Doru Cojoc, visiting assistant professor of economics, received his Ph.D. in economics from Clemson University in 2004 and a B.Sc. in economics from Babes-Bolyai University
in Romania. He previously was a lecturer at Stanford University’s Department of Economics. Doru Cojoc His areas of expertise are in game theory, labor economics, microeconomics, political economics, and public finance. Eean Crawford, assistant professor of management and organizations, Eean Crawford received his Ph.D. in management and organizational behavior from the University of Florida (Gainesville) in 2001 and a B.S. and M.Ac. in accounting from Brigham Young University in 2006. A former instructor of management at the University of Florida, his areas of expertise are in employee engagement, organizational behavior, personality, social networks, and work groups/teams.
Martin Gervais, associate professor and Leonard A. Hadley Research Martin Gervais Fellow in economics, received his Ph.D. and M.A. in economics from the University of Western Ontario in 1999 and 1995, respectively. In addition, he received his MBA and a B.A. in accounting from the Université Laval in 1993 and 1991, respectively. He previously was a professor of economics at the University of Southampton, and his expertise is in the areas of housing and labor economics, macroeconomics, and public finance. He also serves as the new director of the Ph.D. program in economics. Rob Gettemy, lecturer in management and organizations, received a B.A. in Rob Gettemy economics from the University of Northern Iowa in 1987. He previously was the owner of Gettemy Capital Corp. in Marion. Entrepreneurship is his area of expertise.
Art Durnev, assistant professor of finance, received his Ph.D. in finance from Art Durnev the University Jeffrey Hart, of Michigan in 2003, an M.A. lecturer in economics from Pennsylvania in finance, State University in 1998, and received an M.A. in economics from his Ph.D. in the New Economic School finance from in Moscow in 1996. An the University Jeffrey Hart expert in corporate finance of Texas, and governance, exchange Arlington in 1999, an MBA in rates, and financial crises, finance from Loyola University he previously was an assistant in 1992, and a BBA in finance professor of finance at McGill from Iowa in 1988. He was University in Montreal. previously a lecturer at the
Business at Iowa
Henry B. Tippie College of Business
University of Notre Dame. His expertise is in the areas of investments, valuation, and hedge funds. Shalah Mostashari, visiting assistant professor of economics, received Shalah Mostashari her Ph.D. in economics from the University of Texas at Austin in 2010. She previously was an assistant lecturer at Texas A&M University and a visiting scholar at the Federal Reserve Bank of Dallas. Her areas of expertise are in international trade and trade policy. Amrita Nain, assistant professor of finance, received her Ph.D. in finance from Amrita Nain the University of Michigan in 2005, an M.S. in economics from the University of Texas at Austin in 2002, and a B.A. in economics from Hollins University in Roanoke, Va. She previously was an assistant professor at McGill University in Montreal, and her expertise is in corporate finance, risk management, and corporate governance. Gautam Pant, assistant professor of management sciences, was previously assistant Gautam Pant professor of operations and information systems at the University of Utah. He received his Ph.D.
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facultynews
in management sciences from Iowa in 2004, an M.S. in computer science from Baylor University in 1999, and a B.E. in computer engineering from the University of Mumbai in 1996. His research interests are in the areas of business intelligence, online visibility, and web mining. He serves as an associate editor of Information Systems Research journal. Shagun Pant, assistant professor of finance, received her Ph.D. in finance from Shagun Pant the University of Utah in 2009, an M.A. in management information systems from Iowa in 2003, and a B.E. in electrical engineering from the University of Mumbai in 1999. She previously was an assistant professor in finance at Texas A&M University. Her areas of expertise are theoretical and empirical corporate governance and capital structure. Tom Parker, visiting assistant professor of economics, received his Ph.D. Tom Parker in economics from the University of Illinois in 2011, an M.A. in economics from the University of British Columbia in 2004, and a B.S. in economics from the University of Illinois in 2003. His areas of expertise are in applied econometrics and econometric theory. Alice Schoonbroodt, assistant professor of economics, received her Ph.D. in economics
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from the University of Minnesota, an M.A. in economics from McGill University Alice Schoonbroodt in Montreal, and a B.A. in economics from Université Catholique de Louvain in Belgium. She previously was a lecturer in economics at the University of Southampton in the U.K. and an affiliated research at ESRC Centre for Population Change. Her areas of expertise are in macroeconomics, demographic economics, family economics, and growth and development. Nicholas Yannelis, professor and Henry B. Tippie Research Professor Nicholas Yannelis in economics, received his Ph.D. and M.A. in economics from the University of Rochester in 1983 and 1979, respectively. In addition, he received an M.A. from the London School of Economics in 1997 and a B.A. from the Athens School of Economics in 1976. He previously was the Sir John Hicks Professor of Economic Theory at the University of Manchester (U.K.) and the Commerce Distinguished Alumni Professor of Economics at the University of Illinois at Urbana-Champaign. He is the editor of the journal Economic Theory, and his research is focused on general equilibrium and game theory with asymmetric information.
Business at Iowa
Collegiate Teaching Award Finance professor Jon Garfinkel is one of 18 UI faculty members who have received Jon Garfinkel Collegiate Teaching Awards for the 2010-11 academic year. The awards represent the highest honor a college can bestow upon its faculty for excellence in undergraduate and graduate teaching. Garfinkel, associate professor of finance and Waugh Business Faculty Research Fellow, serves as the faculty director of the Tippie MBA Finance Academy. His teaching is in the areas of managerial finance and corporate investment and financing decisions. He has been commended for his challenging, innovative courses.
New Director for McGladrey Institute Mark Penno, Soumyo Sarkar Research Fellow and professor of accounting, is the new Mark Penno director of the RSM McGladrey Institute of Accounting Education and Research. Penno, an accounting theory scholar, has been on the accounting faculty since 2004. He succeeds Ramji Balakrishnan, Carlson-KPMG Professor of Accounting, who had served as the institute’s director for six years. The institute is a critical part of the Department of Accounting, fostering educational
Henry B. Tippie College of Business
excellence in Iowa’s accounting programs and encouraging high-quality research from accounting faculty.
CIC Leadership Program Kurt Anstreicher, departmental executive officer and Henry B. Tippie Kurt Anstreicher Research Professor of Management Sciences, is one of five UI faculty members named fellows in the Committee on Institutional Cooperation (CIC) Academic Leadership Program, which aims to develop management skills among faculty who have demonstrated exceptional ability and administrative promise. An expert in mathematical optimization, he has edited the journal Mathematical Programming, Series A since 2007.
New Professorships Greg L. Stewart Henry B. Tippie Research Professor of Management and Organizations (see photo in Tippie in the News section) Nicholas C. Yannelis Henry B. Tippie Research Professor of Economics (see photo in New Faculty)
New Fellowship Martin Gervais Henry B. Tippie Research Fellow of Economics (see photo in New Faculty)
studentnews
MBA Philanthropy Day
Class of 2015
Teams of first-year MBA students (and second-year MBA volunteers) visited elementary classrooms at Regina, Grant Wood, and Penn elementary schools to introduce basic business concepts through a fun, egg-drop activity. The event was organized by Tippie MBA students and the Junior Achievement of Eastern Iowa. With help from the MBA students, the elementary students worked in groups to create, test, and build a contraption that would protect an egg when dropped from a height of eight feet. Students could only use three feet of tape and 20 straws. In addition, each group learned about a business concept, such as advertising, product development, sustainability (using fewer resources), or branding (how to name a product or company). Each group then created a poster advertisement and present their product to the class prior to testing the product. “This event gave first-year MBA students the chance to work together in the assigned MBA groups they will be in during the first semester,” says Spencer Anderson, a third-year MBA/J.D. student and this year’s vice president of philanthropy for the MBA program. “It also gave them a great connection to the Iowa City and eastern Iowa community.”
The University welcomed its largest incoming class ever in fall 2011 with a new three-day program — On Iowa! — for incoming first-year students. Students met in Kinnick Stadium for a kickoff event (including the creation of the block I shown above), danced in Hubbard Park with mashup artists The White Panda, and gathered on the Pentacrest for Convocation before heading to President Sally Mason’s residence for a block party, and much more. Check out more photos online: fyi.uiowa.edu/08/22/on-iowa-photo-feature.
Tippie Fest 2011
Homecoming King and Queen Tippie students Kevin Velovitch and Wei Du were selected as the 2011 Homecoming King and Queen. Each year two students who show exemplary Hawkeye spirit are selected to represent the UI student body as its king and queen. In addition, Tippie students Patrick Cornally, Lucy Krol, and Alesha Nickeson were members of the 2011 Homecoming Court.
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It was a blisteringly hot August day for a BBQ, but in true Tippie style, students, staff, and faculty turned out in large numbers to enjoy the day. While a steel drum band played, Tippie students could grab a bite to eat and wander through the student organizations’ poster displays. Tippie students were encouraged to join one or more student organizations to gain leadership experience, meet industry leaders, volunteer in the community, and learn more about their chosen career path.
For additional college, faculty, and student news: tippie.uiowa.edu/news
Henry B. Tippie College of Business
17
Judith R. Frank Business Communications Center
Growth for a Program, for Students, and for Peer Tutors
Peer tutor Sukriti Nayar conducts a Frank Business Communications master class for several Tippie students needing help with a writing assignment.
Preparing for the professional world isn’t all about learning to crunch numbers and manage supply chain logistics. It’s also about growing a cache of soft skills, such as writing letters, executive reports, and elevator speeches. That’s why the Judith R. Frank Business Communications Center offers one-on-one and group opportunities for students who take Tippie courses to improve writing and communication skills. “Writing is applicable to all aspects of business,” says Sukriti Nayar, a senior in accounting who serves as a peer tutor for the center. “Most jobs today involve some sort of writing or at least effective, professional communication.” Pam Bourjaily, director of the center, says that students typically seek help improving their grades on papers or
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group projects, but the long-term goal is more ambitious: to improve writing skills so students are prepared for the professional world. “The center is primarily a resource for undergraduate students in the Tippie College of Business or students taking Tippie courses,” Bourjaily says. “Once a student is enrolled in Tippie, if they need help with a history or English paper, we will help them. We also help with résumés, cover letters, and grad school entrance essays.” The Business Communication and Protocol course — a requirement for all Tippie students — generates most of the assignments that students bring to tutors. Each semester, approximately 400 students take this course, which covers writing, speaking, ethics, team building, and protocol through
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individual and group assignments. Bourjaily explains that about ten peer tutors and five graduate fellows provide the center’s student-centered support. Each year, she and Tom Keegan, assistant director, recruit and train new tutors. “The one-on-one peer tutoring is fairly distinctive in the Big Ten. We are the only ones doing exactly this,” Bourjaily notes.
How It Began The center began in fall of 2000 with a director overseeing five Masters of Teaching in English students who served as tutors. In 2002, a peer tutoring system similar to the current system was put in place with undergraduate students as well as graduate students providing writing expertise.
Henry B. Tippie College of Business
JUDITH R. FRANK BUSINESS COMMUNICATIONS CENTER — GROWTH FOR A PROGRAM, FOR STUDENTS, AND FOR PEER TUTORS
Pam Bourjaily, director of the Frank Business Communications Center, consults with a peer tutor.
In December 2005, thanks to a generous donation from Judith and Harris Frank (see development section, page 13), the center was formalized so it could serve more students. The Franks are the parents of Nancy Hauserman, who served as the dean of Tippie’s Undergraduate Program at the time. Hauserman saw how accounting students benefitted from that department’s writing center and wanted to offer that type of service to all Tippie students. “It seemed to me that if we were going to be dedicated to educating tomorrow’s leaders, we had to teach all of them to be effective communicators,” Hauserman says. Her father, Harris Frank, agrees. “To be able to speak or write the language properly is terribly important. It makes all the difference in how you get along in the world today,” he says. “My late wife and I have established several scholarships, and each year, we received letters from scholarship recipients,” he says. “I could tell the kids were bright, but they couldn’t write a letter.” Frank is pleased with the center’s work. “So far, I’m delighted, and I know my wife would be as well,” Frank says.
“We like to see repeat users of our services, because those are the students who are more likely to improve their writing rather than to get a quick fix on a paper,” Bourjaily says. When students begin working on a writing assignment, they go online to schedule a 30-minute appointment. They provide a few details about the assignment to give the peer tutor or grad fellow an idea of the problem the student is facing. They may bring in a draft of the paper, or they can receive assistance in getting started with the writing process. “We are not an editing service,” Bourjaily says. “Students should come in with time to reorganize or restructure the paper. We will also help a student proofread a paper.” Tutors provide general guidance and give students helpful writing checklists, which are also online. Following the meeting, tutors complete a client report so the work can be tracked and the next tutor can pick up where they left off. While one-on-one tutoring is the primary focus, master classes allow graduate fellows to lead approximately a dozen students in group sessions. This enables more students to receive service during peak periods, such as when Business Communication and Protocol assignments are due. Topics may include how to organize a group report or how to write an effective thesis statement. While time, funding, and space have varied over the years for addressing oral communications, the center plans to include presentation coaching services in the near future.
More Students, More Often Last fall and spring, the center served over 800 students through 2,200 appointments. Over the last three years, the center has grown about five percent per year. By 2011, 40 percent of Tippie students sought writing assistance.
Peer tutor Vanessa Ruiz offers writing help to Tippie student Cheng Sun.
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Addressing the International Influx “The increase in enrollment of international students is having an immense impact on the center, because their English language skills tend to be weaker,” Bourjaily says. “Our approach to reading a paper has changed. We now assess the paper overall, and if tutors can’t read it through the errors, that needs to be addressed first.” Nayar empathizes with these students. “English isn’t my first language, but I’ve been speaking it for so long, it might as well be,” Nayar says. “And yet, there are intricacies that you don’t understand until you have to explain them to someone. Then, you realize how complicated English is to learn — and you feel fortunate to have learned those nuances from a young age.” To provide additional support to nonnative English users, master classes have focused on English as a second language (ESL) issues, such as grammar. This year, the center will hold Conversation Circles, which provide an opportunity for nonnative speakers to work on their listening, comprehension, and speaking skills outside of class.
Tutors Grow, Too Each tutor enrolls in a special course and receives a scholarship in exchange for his or her time. They may also grow in other ways. “It’s an attractive opportunity if you’re pretty good at writing,” Bourjaily says. “It’s a great way to show that you’re a good communicator in an area that other students aren’t. Our tutors are leaders.” Nayar says tutoring has enriched her as a teacher, student, and person. “It has been by far the most educational thing Tippie has provided outside of classes. I’ve become a much better student of the language, and I’m much more confident talking to anyone from any background,” Nayar says. “It’s very gratifying knowing how many people have benefitted from very basic instruction and now have a much more solid foundation for their own writing.” ▪
Henry B. Tippie College of Business
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Alumni News
L
ost track of a classmate? Looking to connect with alumni in your area? Check out the career moves, professional accomplishments, and personal achievements of Tippie alumni and classmates below, and then send us your news.
An online information update form is available at tippie.uiowa.edu/alumni/update, or you can send a note to Vicki Wittenberg, Director of Alumni Relations, Tippie College of Business, 108 John Pappajohn Business Building, The University of Iowa, Iowa City, IA 52242-1994 (or e-mail vicki-wittenberg@uiowa.edu).
2000s
Billy Lester, BBA00, is a financial analyst consultant with Banner Health. He lives in Surprise, Ariz.
S. Ryan Bhattacharyya, MBA04, is president of PREMAC Wealth Management Services in West Des Moines.
Mark J. Lucas, BBA08, was promoted to the rank of captain and was awarded the Bronze Star for his actions in combat in Afghanistan.
William Broghammer, MBA04, is an engineering manager with Schneider Electric in Cedar Rapids. S. Ryan Bhattacharyya
William Broghammer
Christina L. Bunte, BBA09, of Chicago, is a tax consultant with Deloitte and Touche, and she received the Illinois CPA Society’s Excel Award for outstanding achievement on the 2010 uniform CPA exam.
Julie McClure, BBA03, MAc04, is a manager at PricewaterhouseCoopers. She lives in Minneapolis. Mark J. Lucas
Joyce E. McDanel, MBA07, of Moravia, is vice president of human resources for Iowa Health-Des Moines.
Alexa Cortright, BBA09, is an account coordinator with Strategic America in West Des Moines.
Timothy McLaughlin, BBA10, is a financial advisor with Waddell & Reed Inc. in West Des Moines. He lives in Waukee.
Lisa Czerwinski, BBA11, is a media associate with Starcom MediaVest Group in Chicago. She lives in Skokie.
Brandon R. Miller, BBA03, was promoted to senior manager of Ernst & Young Advisory Services in the Des Moines Office.
Timothy McLaughlin
Allison Nelson, BBA07, is a senior consultant with Deloitte & Touche LLP in Chicago.
Cheryl S. Davenport, BBA05, is manager of Mission Measurement, a social impact consulting firm in Chicago. She resides in Evanston, Ill.
Natalie Owens, BBA07, is an account executive with Groupon. She lives in Cedar Rapids.
Katherine (Bergren) DuBois, BBA04, is a search director for Resolution Media in Chicago. Kathryn Fillio, BBA00, is a controls and Cheryl S. Davenport compliance manager with MCIC Vermont Inc. in Atlanta, Ga.
Brandon R. Miller
Zach Prohaska, BBA10, is a consulting analyst with Accenture in Kansas City, Kan.
Christopher Freitag, BBA00, is vice president of Great Range Capital, a new private equity fund focused on middle-market, control, private equity investing in the Midwest. He lives in Fairway, Kan.
Mariam L. Hafezi Qualman, BBA05, of Lisle, Ill., is an attorney with the Kenneth C. Chessick law office in Schamburg, Ill.
Scott J. Geistkemper, BBA02, is a certified public accountant with KPMG in Des Moines and is on the board of directors for the American Heart Association in Des Moines.
Wilson Roorda
Evan Grzelak, BBA09, works for Mintel in Chicago. He lives in Flossmoor, Ill.
Kaitlin Holdgrafer, BBA11, is a delivery consultant with Cerner in Kansas City, Mo.
Shanti Roundtree
Susan E. Horan, MBA10, of Davenport, is director of marketing and membership for the Figge Art Museum. Divya Jain, MBA11, is the director of marketing, sales, and public relations with Grasshorse in Winfield.
David M. Kot, BBA08, was promoted to partner with Wolf and Company LLP in January. He lives in Naperville, Ill.
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Alanna Rainville, BBA06, is an advanced project manager of strategic performance improvement with AGCO Corp. in Batavia, Ill. She lives in Aurora, Ill. Joseph G. Razo, MBA05, is manager of business and regional systems channel marketing for Rockwell Collins in Cedar Rapids.
Dove Haase, BBA09, is the development coordinator for Chicago Tech Academy High School.
Michael D. Kimball, BBA05, is a self-employed health care information technology consultant. He lives in Fairfax.
Joseph E. Paisley, BBA02, MAc03, is an operations accounting manager with Time Warner Cable. He lives in Charlotte, N.C.
Wilson Roorda, BBA11, was selected as the sole PricewaterhouseCoopers intern from across the United States to shadow Bob Moritz, the firm’s U.S. chairman and senior partner, for a day last July. Roorda has returned to the college as a M.Ac. student this fall. Shanti Roundtree, EMBA11, is a proposal writer with Pearson in Iowa City.
Michelle Schmitt
Michelle Schmitt, MBA08, BBA97, joined Marvel Entertainment LLC as the director of retail business development and lives in Santa Monica, Calif.
Henry B. Tippie College of Business
alumninews Editor’s Note: Alumni News are submitted by alumni and are not verified by the editors. While we welcome alumni news, Business at Iowa is not responsible for information contained in these submissions.
Daniel Slade, MBA/JD09, is the manager of operations, metrics, and analysis with Transamerica in Cedar Rapids. Christine Quinn Trank, PhD01, is a senior lecturer in organizational leadership at Vanderbilt University. She lives in Mt. Juliet, Tenn. Daniel Slade
Jason A. Ugolini, BBA03, is marketing manager for Meadowbrook Environmental Funding, a green technology provider in Deerfield, Ill. He lives in Libertyville, Ill. Charles W. Young, MBA06, is a senior management consultant for Exervio Management Consulting. He lives in Charlotte, N.C.
Ross McDowell, EMBA84, is the manager of Deere & Company’s Solutions & Services, Machine Knowledge Center. He lives in Geneseo, Ill. Paul A. McLaughlin, BBA87, is a certified real estate instructor and an attorney with the Iowa Association of Realtors in Clive. He recently received the Iowa Association of Realtors’ O.G. Powell/Joan Ballantyne Distinguished Service Award. William Ross, BBA80, is a partner with Ross Consulting & Software Development Management Group (RCDMG) in Cedar Rapids.
1990s Thomas L. Cardella, EMBA95, and his company, Thomas L. Cardella & Associates, received the First Runner-up Award in the Best Outsourced Provider category at the IQPC Call Center Excellence Awards ceremony. Thomas L. Cardella
Kurt Knutson, BBA82, was appointed to the Kansas Banking Board, which serves in an advisory capacity to the office of the state bank commissioner. Knutson led a group of local investors in 2006 in the establishment of Overland Park-based Freedom Bank.
Juan Echeverria, MBA96, is the human resources director of administration and compensation with Banco Santander, in Mexico City, Mexico.
Michael A. Sterner, BBA85, is purchasing director for Montgomery Roth Architecture and Interior Design. He lives in Houston, Texas.
1970s Ronald L. Detweiler, BBA79, is director of H&R Block Tax and Business Services in Cedar Rapids.
Ed Foley, BBA99, is a regional director for Dimensional Fund Advisors in Austin, Texas.
James Hoffman, BBA75, has been named chairman of the board of YRC Worldwide Inc., a Fortune 500 company and leading provider of transportation and global logistics services, located in Overland Park, Kan. Hoffman is also a member of the college’s Board of Visitors.
M. Ayhan Kose, MA94, PhD97, is the assistant to the research department director at the International Monetary Fund in Washington, D.C., and the author of Emerging Markets: Resilience and Growth Amid Global Turmoil. He lives in Arlington, Va.
James Hoffman
Stephen R. LaCroix, BBA90, of Minnetonka, Minn., is vice president of sales and marketing and chief marketing officer for the Minnesota Vikings in Eden Prairie, Minn.
Stephen R. LaCroix
Ginny Wilson-Peters
David Johnson, MBA74, retired as division leader for Lawrence Livermore National Laboratory in Livermore, Calif. He lives in Parrish, Fla. Kim C. Korn, BBA78, MBA80, coauthored with B. Joseph Pine a book, Infinite Possibility (Berrett Koehler, 2011).
Ryan G. Miest, BBA95, of Minneapolis, is a lawyer specializing in technology-driven enterprises at the Fredrikson & Byron law firm.
Kim C. Korn
Ginny Wilson-Peters, MBA95, BBA79, is the owner of Integrity Integrated, a leadership development company that recently was named a 2011 Quad Cities Integrity Award winner by the Better Business Bureau. She received a 2011 Athena Award from the Quad Cities Chamber of Commerce for excelling in her career and making a difference in her community.
Stephen Shelley, MBA74, retired as director financial operations division-Chicago with the U.S. Department of Housing & Urban Development after 35 years of service. Todd A. Murray, BBA73, of Carmichael, Calif., is a member of the Board of Trustees of Sutter Health and an attorney with the Todd A. Murray law offices in Sacramento.
Kevin A. Still, BBA79, is CEO of Co-Alliance, an energy and agribusiness solutions company. He lives in Danville, Ind.
Steve Tallman, MBA99, is director of China operations with Lamkin in Guanzhou, Guangdong, China.
1960s Mary (Peggy Heckenberg) Bonhage, BBA63, retired as a public school teacher in Norwalk, Conn.
1980s Jeffrey R. Burnett, BBA88, is executive vice president of health practice for the Edelman Chicago public relations firm. He lives in Libertyville, Ill.
Ron Lacey, BBA67, retired as chief financial officer for Metro Waste Authority in Des Moines.
Todd A. Crandall, BBA85, is vice president and relationship manager for Wells Fargo Bank in Minneapolis. He lives in Minnetonka, Minn.
Wayne E. Stoeber, BBA69, of Shavano Park, Texas, is owner of Stoeber Financial.
Jeffrey Hart, BBA88, joined the Tippie College faculty as a lecturer in finance (see brief in Faculty News section, page 15). Martha (McGee) Huston, EMBA84, is the senior vice president and general manager of Cardinal Health in Chandler, Ariz. She lives in Tempe, Ariz.
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Clark White, BBA68, retired as a field sales supervisor with McGraw-Hill and Irwin. He lives in Homewood, Ill.
1950s Reginald H. Jacobsen, BSC57, recently retired as a manager with Dupont. He lives in Myrtle Beach, S.C.
Henry B. Tippie College of Business
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alumninews Alumni News
F E AT U R E
Flags Flying for Iowa Perry Glassgow’s tailgating campgrounds during home games at Kinnick Stadium are both easily identifiable and unmistakable. Next to a Hawkeye flag reaching into the sky, the 1986 accounting graduate proudly flies an equally recognizable Harley-Davidson flag visible from a distance. This allows the vice president and controller for the iconic Milwaukee-based motorcycle manufacturer to honor his two loves simultaneously. “No matter where I go or where I live and work, I’m always a Hawkeye first,” Glassgow says. A season ticket holder and regular supporter of the college, Glassgow, who grew up in Davenport in a Hawkeye household, makes the trek from Wisconsin to Iowa for all home football games — missing only when it’s out of his control. Since March, he also has made two trips back to his alma mater to share his business knowledge and acumen with Tippie administration, faculty, and the student body. As a member of the School of Management Advisory Council (SOMAC), Glassgow meets to discuss what he’s seeing in business and pass along advice to make the school and students their most competitive and marketable. He also participates in discussions about the best ways to brand the Tippie School of Management to future graduating classes. In addition, Glassgow has spoken to students in the Finance Career Academy and brought MBA students to Milwaukee for a firsthand view of Harley Davidson’s strategic planning sessions as well as the company’s outreach to a younger demographic. It’s his way of not only giving back to the University of Iowa but also to the future of business. “I’ve come to campus twice — first in March to get up to speed on the SOMAC mission and goals and again in September to answer a series of questions on whether or not the college’s curriculum is robust enough,” says Glassgow, who earned
Perry Glassgow, BBA86, vice president and controller of Harley Davidson Inc.
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Business at Iowa
Henry B. Tippie College of Business
alumninews
Perry Glassgow (front row, second from left) enjoys tailgating with friends prior to a Hawkeye football game at Kinnick Stadium. His brother, Randy (MBA-PM05) is fourth from the left in the back row.
his MBA from Northwestern University while living and working in Chicago. “It’s a great opportunity to do something for the university that gave me so much and still does. There was never any question about participating when I was asked. I was excited to help.” Glassgow’s career path to his current post at Harley-Davidson Inc. began shortly after he finished at Iowa. He accepted an accounting position with Arthur Young (now Ernst & Young) in Chicago in 1986 and worked there as a public accountant until moving onto ITEL Corporation, holding various positions. After leaving ITEL, he took some time off before getting the call that would create the path for the next phase of his professional life. “I was enjoying a Cubs game at Wrigley Field in 1992 when I got the call to come work for Harley-Davidson,” Glassgow says. “It’s been a tremendous adventure the entire time. Lots of late nights and weekends, but it’s a terrific company that values and rewards its employees for hard work.” He joined the company as a senior financial analyst at Harley-Davidson Financial Services (HDFS), served as vice president of finance and treasurer of HDFS, and was a member of the HDFS executive leadership team. Glassgow held various positions while at HDFS, including vice president of strategic planning, controller, and treasurer. Before moving into his current role of vice president and controller of HDI in January 2010, Glassgow served as vice president and treasurer of HDI, where he was responsible for all treasury, cash management, and capital market activities. He also served as the interim president of HDFS from May to July 2009. These days, Glassgow is responsible for the financial planning, financial reporting, and analysis and cost management of the company. And while he splits time between Milwaukee (weekdays) and Chicago (weekends), Glassgow says he feels most at home whenever he returns to the University of Iowa campus. “It’s almost been 30 years since I started school at Iowa, and the campus has changed significantly since then, but there
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is always the same familiarity and comfortability that never goes away whenever I visit,” Glassgow says. “Now, getting the opportunity to interact with the faculty and students at Tippie — even though I had class in a different building (Phillips Hall) when I was a student — brings all of those memories of my time in Iowa City back each visit. It’s a very reassuring feeling.” Even though he owns Harley Street Glide and Fat Boy bikes and tries to ride whenever he can — attending Laconia Motorcycle Week in Laconia, N.H., and Bike Week in Daytona, Fla. — Glassgow admits he didn’t grow up a big Harley fan. That came later after working with the company. He says he still hopes to eventually take some time off in the future (he didn’t get to ride much this past summer) and venture up to Sturgis, S.Dak., for the annual motorcycle event that swells the small town from 6,000 to over 100,000 each August. In the meantime, Glassgow, who helped lead the company through the recession and near stoppage of bank lending over the past couple of years, is focused on continuing to make the company financially strong and marketable to a growing, changing audience. He intends to do the same for the University of Iowa and the Tippie College of Business, which gave him the business foundation that has helped get him where he is today. “Perry sees his interaction with the Tippie School of Management and the students as an opportunity to pay it forward,” says Cathy Zaharis, business director of the MBA Finance Career Academy in the Tippie School of Management, who recruited Glassgow to participate in SOMAC and campus lectures. “He truly enjoys interacting with the students every time he comes back to campus, and the students also get a lot out of the visits with Perry and other business leaders. They are able to hear first-person perspectives not only about what’s happening in business but what business leaders are looking for in future graduates. It's a win-win all the way around.”▪
Henry B. Tippie College of Business
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inmemoriam In Memoriam 1930s ELenore (Snitkey) Miller, BSC36 Francis E. Rozen, BSC39
1940s Jean (Nesmith) Beck, BA40 Howard E. Bell, BSC49, MA50 Melvin B. Bergstrom, BSC43 Earl K. Berkey, BSC48 Raymond Den Hartog, BSC48 Richard R. Edelen, BSC46 Inez Gieseking, MA44 Malcolm F. Gleason, BSC49 Wayne A. Gray, BSC49 Boyd L. Gunn, BSC49 Warren A. Holden, BSC46 Robert S. Holt, BSC48 Rhea F. (Hyink) Johnston, BA47 Ila Mae (Klocksiem) Julander, BSC40 Eldon G. Kelly, BSC49 Clarence H. Kemp, BSC40 Frederick Koch, BSC49 Clarence J. Lang, BSC40 Alice K. McKee, BSC41 John E. Perdock, BSC49 Theron R. Peterson, BSC41 Otto C. Proehl, BSC49 Hans P. Somers, MA48 Martha (Bell) Sprieser, BSC42, MA47 John A. Spiess, BSC48 Henry A. Steddom Jr., MA49
1950s Arthur M. Amundson Jr., BSC57 Dorothy E. (Crees) Anderson, BA50 William D. Anderson, BSC52 George S. Beno Jr., BSC50 Donald T. Brua, BSC57 Donald M. Bye, BSC54 Robert D. Coffman, BSC50 Vivian (Hochstetler) Dickel, BSC55 Marilyn J. (Dubois) Dickinson, BA50 Lou F. Kohl, BSC50 Karl K. Korneisel, BSC55, MA66 Ronald J. Lutgen, BSC50 Robert E. McGill, BSC50 Everett G. Meeker, BSC50 Donald D. Myron, BSC50 Robert L. Rausch, BSC57 Richard E. Reece, BSC51
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George F. Rischmueller, BSC56 Edward E. Smith, BSC52 Stuart L. Smith, BSC53 James F. Stephens, BSC50 Noel A. Thoen, BA50 Forrest F. Zody, BSC50
1960s Roger A. Berkland, BBA60 Daniel J. Buffington, BBA69 Gene A. Gardner, BBA63 Jerome J. Graves, BBA63 Mary L. (Marksberry) Hill, BBA63 Charles D. Hopkins, BBA60 Darrell R. Kinsey, BBA68 Roger E. Klinzman, BBA64 Ronald R. Schmarje, MBA67 John W. Sproul, BBA69 Roger D. Struve, BBA69 Jerry L. Swan, BBA65 Jon W. Trost, BBA63 Curtis L. Virden, BBA64
1970s James W. Adams, BBA72 John Boetz Jr., BBA72 Robert B. Brown, BBA78 Dean A. Haase, BBA78 David D. Holmes, BBA75 Gary D. Herr, BBA70 James R. Keeling, BBA74, MA86 Dennis J. Kelso, BBA62 Tae Won Kim, PhD70 Michael H. Philips, BBA75 Douglas A. Schilling, BBA77 James D. Sexton, BBA74
1990s Wolen J. Chen, MBA95 Richard T. Nechanicky, BBA98 Amy E. (Petsch) Richardson, BBA90
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Gerald (Gerry) Eskin, a former member of the Department of Marketing, passed away on June 28 following complications from heart surgery. Gerry, along with Penny Baron, made the suggestion to the College of Business faculty that led to the development of the Executive MBA Program at Iowa. Gerry was nationally recognized expert in the application of Bayesian statistical methods to problems in marketing and was one of the most prominent members of the faculty in the 1970s. In addition to teaching and researching, Gerry was a co-founder of Information Resources, Inc., a market-research firm based in Chicago that revolutionized both academic research and marketing practice worldwide. A real renaissance man, Gerry was also an accomplished photographer, sculptor, and artist who later taught in the School of Art and served as a member of the advisory board of the UI Museum of Art. He also served as a photographer for the Air Force Reserves and taught marketing at Stanford University.
Aug. 23, 1940 – Sept. 25, 2011
Douglas T. Cummins, BBA85 Thomas J. Geiger, BBA83 Anne E. Shutt-Reynolds, BBA80 James E. Welch, MA87
Leah L. Maurer, MBA10
Oct. 10, 1934 – June 28, 2011
Luke Flaherty
1980s
2000s
Gerald J. Eskin
Luke Flaherty served as assistant director of graduate programs in the Tippie College of Business from 1982 to 1984. He most recently had been the director of the College of Liberal Arts and Sciences’ Office of Academic Programs and Student Development from 1984 to 2009. Luke was recognized for his administrative leadership and commitment to the University, its students, and the State of Iowa. He received a Regents Staff Excellence Award in 2005 and the UI’s Lola Lopes Award for Student Advocacy in 2008.After completing a Ph.D. in English at Iowa in 1977, he taught at Benedictine College, Kansas, and at Iowa.
Henry B. Tippie College of Business
College Leadership Kathleen A. Dore
Kathleen A. Minette
Dean
President (Former) Broadcasting CanWest Mediaworks
Charles H. Whiteman
David J. Fisher
Senior Vice President Operations and Scoring; Assessment and Information Pearson
Senior Associate Dean
Chairman and President Onthank Company
Administration William C. (Curt) Hunter
Jay Sa-Aadu Associate Dean
Leonard A. Hadley
Lon Moeller
Chairman and CEO (Retired) Maytag Corporation
Associate Dean
Barbara Thomas Director of Communication and External Relations
Tami Baumann Executive Director of Development for the Tippie College of Business The University of Iowa Foundation
Jana Michael Director of Development for the Tippie College of Business The University of Iowa Foundation
Tyler Timko Assistant Director of Development for the Tippie College of Business The University of Iowa Foundation
Ruth Harkin Senior Vice President and Chair (Former) United Technologies International
James E. Hoffman Chairman of the Board YRC Worldwide Inc.
Kevin Holt Managing Director Invesco Ltd.
Frederick S. Hubbell Executive Board (Former Member) ING Group
Clayton M. Jones Chairman, President, and CEO Rockwell Collins
David J. Kirkpatrick
Board of Visitors
Managing Partner (Retired) KPMG Peat Marwick LLP
Robert C. Arzbaecher
Thomas A. Kloet
Chairman, President, and CEO Actuant Corporation
CEO TMX Group
William L. Bolster
W.A. Krause
Chairman and CEO (Retired) CNBC International
President Krause Gentle Foundation
Douglas D. Calvin
Curtis K. Lane
Managing Partner (Retired) PricewaterhouseCoopers LLP
Portfolio Manager Concordant Partners
Steven L. Caves
Claudia T. Marban, ex officio
President U.S. Bank, Iowa
Senior Financial Advisor Claudia Marban & Associates/Ameriprise
Joe P. Crookham
Thomas E. McCarty
President Musco Lighting
Senior Partner (Retired) Accenture
Daniel E. McLean President and CEO MCL Companies
Terrence J. Mulligan Vice Chairman MedAssets Inc.
John Pappajohn President Equity Dynamics Inc.
Jack Perry Founder and CEO Syncbak Inc.
Charles M. Peters President and CEO SourceMedia Group
Rogelio M. Rebolledo President and CEO (Former) Frito-Lay International
G. Joseph Reddington CEO (Retired) Breuner’s Home Furnishings Corporation
Soumyo Sarkar Founding Principal SuÂŻmit Capital
Andrew H. Sassine Portfolio Manager Fidelity Investments
Robert D. Sherman Senior Vice President and Eastern Sales Director (Retired) Merrill Lynch Private Client Group
Chris S. Simpson Senior Vice President Marketing and Sales Pella Corporation
Jerre L. Stead CEO and Chairman IHS Inc.
Teresa Wahlert Director Iowa Workforce Development Agency
Marie Z. Ziegler Vice President and Treasurer Deere & Company
The University of Iowa prohibits discrimination in employment, educational programs, and activities on the basis of race, national origin, color, creed, religion, sex, age, disability, veteran status, sexual orientation, gender identity, or associational preference. The University also affirms its commitment to providing equal opportunities and equal access to University facilities. For additional information contact the Office of Equal Opportunity and Diversity, (319) 335-0705.
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