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MessageTableofContents
From The Dean
THE
ESpring/Summer
XECUTIVE
2005
10
A Strategy for
Diversity
VOLUME 10 ISSUE 1
5 Culverhouse News
6 Faculty News
Faculty members appointed to
editorial, consulting positions.
Professors Edward Mansfield
and Michael Adams win Best
Contributed Paper for third time.
Designers:
David Jones, Laura Lineberry
8 Student News
Contributing Writers:
Niko Corley, Jessica Davis,
Bill Gerdes
Contributing Photographers:
Laura Shill, Niko Corley,
Rickey Yanaura
Office of Development, Alumni,
and Corporate Relations:
Charlie Adair, Diane Harrison,
Nidia Spence, Susan Newman,
April Thornton, Pam Junkin
4 Deans Message
9 College News
Q&A with Carver
18
26 Alumni Notes
CoverStory
12
24
DeansMessage
nother spring is fast upon us, another graduating class, and yes, another key inflection point
in the history of the Culverhouse College of
Commerce. Changing accreditation standards,
a new strategic plan for the University, a new capital
campaign, and a new set of strategic initiatives: All are
coming together to give us a new set of opportunities and
challenges.
We continue to strengthen the value of a business
degree from the Culverhouse College of Commerce. Our
Business Honors Program is stronger than ever, and freshmen entering school next fall must have grade point averages of at least 2.5 in their discipline-specific majors to
enter their junior year. Our Capstone Business Academy,
the on-campus program for rising high school seniors, is
attracting high school students of unbelievable academic
quality.
In keeping with the technological times, we will offer
a general business degree online this fall, as well as a master of science degree in operations management.
We are in the process of making several key appointments to named positions in the College that will
increase the strength of our faculty, already one of the
strongest in the nation.
We are in the silent phase of our capital and endowment campaign, where your strong and unwavering support will become even more important in enabling us to
maintain our national excellence in teaching and research.
Our M.B.A. program, which has recruited the strongest class in its long history, has been reorganized to
strengthen and bring increased synergy to our graduate
programs.
As you know, the University has increased emphasis
on enrollment, with a goal of 28,000 students, and we
can expect a corresponding increase in business school
students. Managing enrollment will be a continuing
challenge as we determine ways to accommodate growth
while maintaining our culture of excellence.
The reality is that we are increasingly operating under
a private financial model, as we find new ways to raise
funds. State support is likely to continue to decrease and
financial self-sufficiency will be the key to continued
excellence.
The future is challenging, yes, but we have a gifted
faculty, a dedicated staff, an excellent infrastructure, and
the ultimate resource, a generous and concerned group of
alumni and friends. I welcome your thoughts and encourage you to stop by when you are on campus.
Respectfully,
Message
CulverhouseNews
From The Dean
***
***
Robert Brooks, SouthTrust Professor of Financial Management,
spoke to the Huntsville Times about the privatization of Social
Security and the possibility that Social Security contributions
should be shifted to capital markets. The nice thing about the
markets is, more capital is allocated to people who make the
best use of their resources, Brooks said. I dont think youll
find very many people putting their entire nest egg in stocks.
But somebody 25 years old, I dont think hes convinced at all
(Social Security) will be there.
Brooks also was quoted in Business Finance magazine in an article on minimizing risks with derivatives. Transactions should
be asset- and liability-management-driven, not based on a view
of the future, Brooks said.
Appointments
Associate Professor Kim Sydow Campbell was appointed faculty consultant for health literacy by the American Public Health
Association.
Campbell
Franke
C. Kacmar
Pecorino
Ellinger wins
La Londe Award
Watters
Mansfield
Adams
Mansfield,
Adams win Best
Contributed Paper
for third time
Professor Edward Mansfield
and Associate Professor Michael
Adams won the award for
Best Contributed Paper in the
Statistical Education Section of
the Joint Statistical Meetings
(JSM) in Toronto.
Joint Statistical Meetings is
an international event sponsored
by several professional organizations, including the American
Statistical Association, the Institute
of Mathematical Sciences, the
International Biometrics Society,
and the Statistical Society of
Canada.
This is the third year the
two have received the Best
Contributed Paper award. The
awards in 1991 and 1993 included
Professor Michael Conerly as a coauthor; Professor Brian Gray was a
co-author of the 1993 paper.
Mansfield was also honored
in 1989 as a sole winner, making
him the only person honored four
times. The award will be presented
at the JSM 2005 in Minneapolis
next August.
Message From
FacultyNews
The Dean
Morgan recognized
for research
StudentNews
Business honors group mentors children in
West Alabama Boys and Girls Club
By Niko Corley
f at some time during the basketball season it appeared that a few of the players
were discussing business management techniques, they might have been: Two of the
players are enrolled in the business school,
and one has already graduated.
Forward Chuck Davis is a junior
majoring in management, and forward
Lucky Williams is a senior majoring in
management.
Message From
CollegeNews
The Dean
Saved by scrutiny
While Sarbanes-Oxley may cause
distress for some companies, one
UA professor sees the transparency it
fosters as beneficial
By Niko Corley
Message From
CollegeNews
The Dean
through a fairly rigorous application process. All candidates in the Ph.D. Project
have to meet certain criteria, Johnson
said, describing Ph.D. Project candidates
as dynamic, well informed, and well prepared. Many have high GMAT scores
from 670 upand most have excellent
business backgrounds. The Ph.D. Project
also provides the candidates a realistic
preview of the Ph.D. student life and life
after graduation. The benefit of getting
a Ph.D. Project student is that they have
a clear understanding of what to expect
and what they have to do to be successful, said Johnson, and they usually
have the motivation and drive to do it.
And, she added, They come to school
with no illusions.
In addition, the Ph.D. Project offers
University of Alabama recruiters access to
minority students they might not otherwise have the ability to reach. Any Ph.D.
program benefits from diversity, said
Johnson. Diversity adds to the richness
of the program.
When I have a minority student
teaching, other minority students see
them as role models, Beatty said. If
minority students never see minority
teachers in the classroom, then they
dont think the classroom is the place for
them.
Ortiz, who is Puerto Rican and grew
up in Brooklyn, New York, agrees that
having minority teachers sets an important example in the classroom. When
How Culverhouse
meets the challenge of
recruiting top-quality faculty
By Bill Gerdes,
Senior Communications
Specialist
CoverStory
It certainly is a challenge,
said J. Barry Mason, dean of the Culverhouse College of Commerce. We spend
a lot of time and resources finding qualified faculty members who are excellent
classroom teachers but who also produce
high-level research and scholarly work.
The pool of qualified faculty from which
we can choose is growing smaller and
the competition for them is becoming
increasingly more intense.
A report published in 2002 by the
Doctoral Faculty Commission (DFC),
a committee of the Association to
Advance Collegiate Schools of Business
(AACSB), the agency that accredits business schools, warned that the shortage of
business Ph.D.s could reach crisis levels
if the trend is not turned around.
Unless decisive action is taken to
reverse declines in business doctoral
education, academic business schools,
universities, and society will be faced
with inevitable erosion in the quality of
business education and research, the
report said.
The report, Sustaining Scholarship
in Business Schools said that in the
United States, business doctorates
declined from 1,327 in 199495 to 1,071
in 19992000more than 19 percent.
The percentage of doctorates produced
by AACSB-accredited institutions also
has decreased, to 84 percent in 1999
2000 from 92 percent a decade earlier.
Today, the number of doctorates
produced by accredited schools is at its
lowest level since 1987, reads the report.
Although there are some examples of
new programs and marginal increases in
enrollment in various parts of the world,
local demand has outstripped supply in
virtually all countries.
Oddly enough, one reason for the
shortage, according to some observers,
is a good economy. When the economy
Xuejuan Su, left, a native of China, and
Ruxandra Prodan, a native of Romania,
are two new additions to the economics faculty. The two assistant professors
chose UA because of the business schools
reputation and the teaching and research
environment. Both embrace the Roll
Tide culture.
education,
academic
CollegeNews
Distance education
program in operations
management to go
online this fall
By Niko Corley
he family of the late Fred Gordon Bostick Jr. of Red Bay, Alabama, has established
the Fred and Martha Bostick Endowed Support Fund for Faculty Excellence at the
Culverhouse College of Commerce.
Earnings from the Bostick familys $100,000 gift will be used to attract and retain
outstanding faculty through supplementary salary support and other expenses for faculty members, who will be called Fred and Martha Bostick Faculty Fellows.
We are deeply appreciative of the generosity of the Bostick family, said J. Barry
Mason, dean of the College. Support such as this makes it possible for us to compete
at the national level for the very best in faculty. Talented faculty members are the key
to making sure our students receive an outstanding business education. Competition
in this area is extremely strong, and the University and the state of Alabama are
extremely fortunate to have supporters such as Fred Bostick and his family.
John Bostick, Fred Bosticks oldest son, said, My dad attended The University
of Alabama, but he was drafted in World War II and was never able to return for his
degreebut he was always a great Alabama supporter. We felt like this was a great way
to memorialize him.
Fred Bostick, a lifelong resident of Red Bay, died November 21, 2001. He was a
decorated World War II veteran, having served in the infantry in the Ninth Army in
France, Belgium, and Germany and participated in the Battle of the Bulge. He was
discharged in the spring of 1946 at the rank of master sergeant, and shortly after his
discharge, he married his wife of 54 years, the former Martha Ree Bullen.
In 1947 he co-founded Sunshine Feed Mills, now Sunshine Mills, with his fatherin-law, Omer J. Bullen. Sunshine Mills is one of the nations leading producers of pet
foods and treats.
Bostick is survived by his wife; a daughter, Harriet, the wife of James Daniel; son
John and his wife, Pam; son Alan and his wife, Margoth; a sister, Patsy Sparks, and her
husband, Rev. Mike Sparks; and eight grandchildren. John is president of Sunshine
Homes in Red Bay, and Alan is president of Sunshine Mills Inc., also in Red Bay.
Harriet, John, Alan, and Bosticks granddaughter Jill are all UA graduates.
The Fred Bostick Endowed Fellowship Fund was established earlier by the Bostick
family to promote the education of students pursuing courses of study leading to
graduate degrees in commerce and business administration. Recipients are designated
Bostick Scholars.
Message From
The Dean
CollegeNews
Culverhouse represented
in all 50 states
FeatureStory
FeatureStory
One of the buzz-phrases in graduate education is return on investment (ROI).
How does Manderson fare in that area?
This is an area where we have truly
been recognized for our efforts in
producing a quality product. We are
currently ranked by Forbes magazine as
number nine in the nation on investment recapturethe time it takes to
recapture the earnings that you invest
into the M.B.A. program. What most
folks fail to recognize is that the national
rankings put a lot of emphasis on starting salaries and do not adjust for region
of the country and/or age of the student.
Given that we typically place our graduates primarily in the Southeast and given
their age, this recognition from Forbes is
quite remarkable.
ROI is also a very key decision factor
in choosing the program that students
attend. There has been a lot of publicitysome would say negativeabout the
value of the M.B.A. At Alabama, we are
thrilled that people are asking, Is it really worth it to invest upwards of $50,000
in your M.B.A. education? We encourage prospective students to ask that
question. When they do, they will find
a value-oriented solution if they choose
The University of Alabamas Manderson
Graduate School of Business.
We all know the value of work experience in obtaining a graduate degree. Are
you looking for prospective students with
work experience or those right out of
undergraduate school?
We certainly look for both, although
60 percent of our students have about
two years work experience. It is an
FeatureStory
Brians story
Culverhouse student/technician
doesnt let his injuries slow him
down
By Niko Corley
FeatureStory
... I need to push myself. Its like that old saying, NO PAIN, NO GAIN,
and believe me, I have experienced some pain
his class had graduated the year before,
Smith says the following years graduation was more memorable.
When they called my name and I
walked up the steps and then across the
stage, as I grabbed the diploma I kind
of held it over my head and the whole
place started standing up and clapping,
Smith said. I was amazed at how loud it
was ... it was the highlight of my life.
While Smith was in the hospital recuperating from his coma, a tutor working
with his psychologist did math exercises
with him on the computer to assess his
cognitive skills and abilities. The computer and how it worked struck a chord
with Smith.
It really started fascinating me, he
said. When I got back home I wanted
to start dabbling with it more.
By his own admission, Smith is no
computer expert, but his abilities and
knowledge landed him a job on the technical services staff of the Culverhouse
College of Commerce. The staff handles
computer and electronics problems that
arise in Bruno Library and Alston and
Bidgood halls.
On a normal day, Smith wheels back
and forth between the three business
school buildings, attending classes and
fixing all kinds of computer problems.
But a normal day for Smith is anything
but normal. Besides being stricken with
ataxia, an involuntary movement of the
muscles that can make even the simplest
task difficult, Smith faces a number of
transportation problems.
In addition to his wheelchair, Smith
rides a red three-wheeled cart between
on-campus destinations and his dorm,
which gives him greater mobility and a
higher level of independence.
I refer to it as my overgrown trike,
Smith said.
Smith remembers the day he got his
overgrown trike. He was riding the bus
home from high school on a beautiful
day, thinking about the days before the
accident when he rode a bike without
a care in the world. It hit him that he
CollegeNews
C&BA strengthening bonds with
Hyundai
By Niko Corley
ith a new plant near Montgomery under construction, the Hyundai Motor Company joins other
auto manufacturers heading for Alabama and the
Southeast to build their cars, trucks, and sport-utility vehicles.
Hyundai Motor Co. recently unveiled its 2006 Sonata
sedan, the first vehicle the company will make in the United States.
Production begins in May at the
South Korean automakers plant in
Montgomery. The $1.1 billion facility
can produce more than 300,000 vehicles per year, Hyundai
officals said.
The Culverhouse College of Commerce recently sent
several faculty members and administrators to South Korea
where Hyundai is located, to strengthen ties between UA and
the auto manufacturer. The business school has active internship and scholarship programs with Mercedes-Benz U.S.
International, located in nearby Vance, Alabama, and Dr. Carl
Ferguson, director of UAs Center for Business and Economic
Research, would like to see the same kind of relationship develop with Hyundai.
Our long-term goal is to identify and implement a variety
of programs and interaction that are mutually beneficial,
Ferguson said.
Ideally, Ferguson said, a partnership between UA and
Hyundai Motor Manufacturing Alabama will develop along
the same lines as the one the University has with Mercedes.
Since 1995, UA and Mercedes have had a variety of internship
programs in place spanning all majors in the College, including accounting, finance, management information systems,
and operations management.
The Universitys most recent trip to Korea increased confidence that Hyundai and UA can work together to achieve their
goals, Ferguson said.
They need good graduates, said Ferguson, and we need
to foster internship and long-term employment opportunities.
FAMILIAR SIGHTS
Ornate lights grace the entrance to the Sloan Y. Bashinsky
Computer Center, one of the three beautiful buildings that
make up the Culverhouse College of Commerce complex,
and the clock between Alston Hall and Bashinsky keeps
students, faculty and staff aware of the time.
AlumniFeature
From the
Capstone to Kabul
Business school grad leads Army medical training team in Afghanistan
By Niko Corley
AlumniFeature
AlumniNotes
2004
2003
1976
2002
2001
Jason Quinn of Northport has been promoted to rental sales representative with
Penske. He and his wife, Heather (2001),
had their first child, Jackson Samuel, last
October.
Christopher James Steiskal has graduated
magna cum laude from the University of
Mississippi School of Law and is an associate at the law firm of Mitchell, McNutt
& Sams, P.A., in the Tupelo, Mississippi,
office.
Joseph G. Walker has passed the third
level of the Certified Financial Analyst
exam.
Qiming Wang (M.A.) has passed the third
level of the Certified Financial Analyst
exam.
2000
Kandi Owens has been promoted to associate brand manager for Dial Bar Soap.
She moved to Scottsdale, Arizona, two
years ago to join the personal care division of The Dial Corporation.
Louisa T. Williams (M.B.A. 2004) has
accepted the position of development
specialist at the National Gallery of Art
in Washington, D.C. In this role, she
is responsible for fundraising through
individual charitable contributions and
estate planning. The National Gallery of
Art, located on the National Mall, houses
one of the worlds finest collections of
western European painting and sculpture,
spanning the 13th century to the present,
as well as American art from colonial to
contemporary times.
1999
1998
1997
1995
1996
1994
William David Leach has accepted a position as MQSeries administrator with ACS
State Healthcare Solutions in Atlanta.
Michael Brett Richards has been promoted to senior accounting manager at
Southern Progress Corporation.
1993
1992
1991
1990
Ray Thornton has been named information services manager at Gulf States Paper
Corporation. Thornton, who earned his
M.B.A. from Samford in 2000, and wife
April (HES, 1990) also have a new daughter, Reagan Catherine, born in August.
She joins her sister, Ansley, 8. April is
events program assistant for the business
school.
1987
1986
Mary Elizabeth Hinds Bean has been promoted to group sales manager/vice president with AmSouth Bank in Nashville,
Tennessee.
L. Susan Doss is included in the 200405
edition of The Best Lawyers in America.
1985
1973
1969
1968
1983
1964
Barry J. Goss has been promoted to assistant general manager of finance at the
N. Lee Cooper is a shareholder and chair
Birmingham Water Works Board.
of the litigation and arbitration practice
groups of the firm of Maynard, Cooper
John E. Hagefstration Jr. is included in
& Gale PC, which received the 2004 Pro
the 200405 edition of The Best Lawyers
Bono Award at the Alabama State Bar
in America.
Associations annual conference.
1963
1943
1960
William L.
Goggans has been
appointed chairman of the East
Jefferson General
Hospital Board of
Directors. Goggans
has served on the board since 1996,
including two terms as secretary, in
2000 and 2001.
Goggans was a vice president
of Metropolitan Life Insurance
Company, where he was responsible
for a 10-state area and approximately
4,000 employees before retiring in
1995. He was also chairman and chief
executive officer of Metropolitan Life
General Agency.
East Jefferson General is a 450bed, community-owned, not-forprofit hospital located in Metairie,
Louisiana, a suburb of New Orleans.
It was the first hospital in Louisiana to
achieve Magnet status for excellence
in nursing services by the American
Nurses Credentialing Center.
1982
1981
1978
In memoriam
DevelopmentNews
Stay connected
Alumni support is vital in todays competitive
business education environment
By Charlie Adair
Charlie Adair
Director of Development, Alumni, and Corporate Relations
E-mail: cadair@cba.ua.edu
Phone: (205) 348-4722
Fall
Spring/Summer
2004/Winter 2005 cba.ua.edu 29
Calendar of Events
College of Commerce
April
April 5
April 12
April 14
April 15
Honors Day
8:00 a.m.5:00 p.m.,
Alston Parlor and Conference Room
April 15
April 19
April 20
April 26
April 29
Graduation Picnic
12:001:30 p.m., Quad
May
May 12
May 20
NONPROFIT
U.S. POSTAGE
PAID
BIRMINGHAM, AL
PERMIT NO. 2400