Media Coverage: April 2008

The Daily Collegian, 04/28/2008—Arvind Rangaswamy, Anchel Professor of Marketing, comments on a visit to Penn State by Ambassador Neelam Deo, the consul general of India for New York. "This is part of our efforts to get a better understanding of the developments in India," Rangaswamy said. "As students and faculty, we need to understand how that affects our own life." (Consul Talks Of Business Relationship Between U.S., India).

Baltimore Business Journal, 04/23/2008—Arvind Rangaswamy, Anchel Professor of Marketing, comments on his research regarding marketing during a recession. "Using a sports analogy, Rangaswamy said that top cyclists will put their best foot forward while biking uphill when their competitors are more tired. Some football teams will race in the final quarter when their opponents are losing steam." (Marketing Meltdown?). This article also appeared in several other regional business journals.

The Associated Press, 04/20/2008—J. Edward Ketz, associate professor of accounting, comments on General Electric's first-quarter earnings report. "What often takes place in the last days or weeks is that they re-examine the estimates that go into this," Ketz said. "People in the non-accounting world are surprised at how soft the numbers are." (GE's Future May Be Focus Of Shareholder Meeting). This article appeared on more than 80 news Web sites.

CQ Weekly, 04/20/2008—Terrence Guay, clinical associate professor of international business, comments on the U.S. defense industry. "I think there was a gradual realization that American companies do not have a monopoly on the best technologies," Guay said. (Global Market Forces).

The Patriot News, 04/16/2008—Fariborz Ghadar, director of the Center for Global Business Studies, comments on rising consumer product prices. "Prices of nonfood items at grocery stores have increased, especially in the last two months, according to Fariborz Ghadar. ... The reason is that the costs of making and transporting those items -- paper products, detergents, and toothpastes, among others -- have increased, he said." (12 Ways To Save: Nonfood Grocery).

The Daily Collegian, 04/15/2008—Steven Huddart, KPMG Professor of Accounting, offers tax tips for students. "Sit down with your W-2s and bank statements and go at it," Huddart said. "Make sure to ask your mom and dad if they have any income you might not know about." (Professor Q&A: Steven Huddart).

CentreDaily.com, 04/06/2008—Patrick Cataldo, associate dean for executive education, writes in his blog about creating a good impression after a job promotion. "Every recently promoted leader should pause, reflect, and ask: What message am I sending? What environment am I creating? What example am I providing?" (Recently Promoted?—Creating First Impressions).

The Wall Street Journal, 04/09/2008—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the employment market for petroleum graduates. "The national oil companies will continue to have a reservoir of graduates and be able to cherry-pick the best ones, says Fariborz Ghadar. ... 'Over the longer term, this will challenge Western oil companies in the knowledge department,' he says, citing skills like the latest drilling techniques and methods for recovering hard-to-get oil at existing fields." (Where Oil Experts Come From). This article also appeared in The Wall Street Journal Europe.

The Daily Collegian, 04/08/2008—Terrence Guay, clinical associate professor of international business, comments on sweatshop labor. "'It's not just about people being exploited in sweatshops,' he said, adding that Asian and Central American countries are concerned tough labor regulations could impede sorely needed economic development." (Students Push To Convince University To Accept Anti-Sweatshop Policy).

Bloomberg Television, 04/07/2008—J. Randall Woolridge, professor of finance, discusses his research on Wall Street analyst forecasts on the show "Morning Call."

Financial Times, 04/07/2008—Article on research by Shaun Bond, visiting associate professor of real estate. "Using data from the Investment Property Databank (IPD), researchers Shaun Bond and Paul Mitchell have discovered little evidence of systematic outperformance for most property fund managers." (Only The Quirky Reach Alpha Heights).

smSmallBiz.com, 04/07/2008—John Jordan, executive director of the Center for Digital Transformation, comments on the use of software as a service (SaaS) by small businesses. "There's no question that there's a cost savings [with using SaaS], but then you have to look at the limitation of what you can't do," Jordan said. (No More Software In A Box?).

Centre Daily Times, 04/07/2008—Article on the Business Inferno, an annual event hosted by the Smeal student organization Women in Business. "The sounds of applause, cheers, sighs, and shouts rang through the Atrium of the Business Building on Penn State's campus Sunday morning. Intermixed with the few students studying, fierce competition brewed at the third annual Business Inferno sponsored by the Women in Business club. (PSU Business Majors Take On 'Inferno' Challenges).

The Patriot News, 04/06/2008—Jim Cramer, host of CNBC's "Mad Money," talks about his visit with the Nittany Lion Fund. "They suggested a very interesting Brazilian utility I didn't know and I got to tell you, it's probably going to pop up on my show it was so smart," Cramer said. "They also suggested an oil driller that was better than the oil driller I wanted. These guys came to play. Some people would even say they pantsed me. Maybe I was pantsed. I was schooled by these guys." (College Students Put Stock In Cramer).

Centre Daily Times, 04/06/2008—Patrick Cataldo, associate dean for executive education, writes in his column about preparing oneself for a job promotion. "Promotion is something we all seek in our careers, but too few of us really give careful thought to the consequences of coping with that step up when it does come." (Being Prepared For What You Wished For In That Job Promotion).

CentreDaily.com, 04/06/2008—Patrick Cataldo, associate dean for executive education, writes in his blog about being prepared for a job promotion. "'Congratulations, you've just been promoted.' What wonderful news to celebrate; but before you do, take a few minutes and think about how you'll convey this exciting news. Consider those you will tell and their reaction. (Just Been Promoted? Planning Your Next Steps).

CNBC, 04/03/2008—Jim Cramer, host of "Mad Money," discusses a stock suggested by a member of the Nittany Lion Fund and briefly talks about his visit with the fund.

TheStreet.com, 04/03/2008—Article on Smeal's Nittany Lion Fund. "The NLF, founded in 2005, is a $4.2 million student-managed investment fund with 65 individual investors and 31 student-managers. It is one of the few university student-managed funds with actual investor money—not endowment dollars." (From Penn State To Goldman Sachs, Hear The $4.2M Nittany Lion Fund Roar).

TheStreet.com, 04/03/2008—Video report on Smeal's Nittany Lion Fund. (Penn Staters Beat The Street).

Pittsburgh Post-Gazette, 04/02/2008—Jean Helwege, associate professor of finance, comments on the value of shareholder meetings. "Companies are supposed to be beholden to shareholders but a lot of times shareholders have a small voice and it's hard to get companies to pay attention to them," Helwege said. "[Annual meetings] are the only way for minority voices to be heard." (Location Of Mylan Shareholders Meeting Questioned).

SmartPros.com, April 2008—J. Edward Ketz, associate professor of accounting, writes on grade entitlement in his column. "Too bad we as a nation have replaced the goal of getting an education with the goal of getting a diploma. This switch in objectives is bad because too many Americans don't understand the difference. Or care." (Grade Entitlement).

SmartPros.com, April 2008—J. Edward Ketz, associate professor of accounting, writes in his column on the recent SEC litigation release against Biovail Corp. "This brings to a head, if not a conclusion, the spurious charges by Biovail that various hedge funds and analysts conspired to bring down the stock price of the firm. We know now that the firm's own managers decreased the value of the firm by their accounting frauds." (Biovail Exposed, Part I).

SmartPros.com, April 2008—J. Edward Ketz, associate professor of accounting, writes in his column on the recent SEC litigation release against Biovail Corp. "In this column we have exposed the unsavory strategy of intimidating accounting critics by lawsuits. This practice must stop if financial reports are to be trusted at all." (Biovail Exposed, Part II).