Media Coverage: January 2006

Accounting Today, 01/30/2006—J. Edward Ketz, associate professor of accounting, is mentioned in a column he helped start. "Born out of a collaboration between Ed Ketz of Penn State University and Paul Miller of the University of Colorado at Colorado Springs, it has brought issues to the attention of a wide range of accounting professionals, from neophytes still in college up to those in corner suites in corporations, public accounting firms, professional associations and regulatory agencies." (A Decade Of Both Controversy And Responsibility).

WJAC-TV, 01/30/2006—Coverage of Smeal's guest lecturer, former MCI executive Walt Pavlo, speaking to students on business ethics.

The Wall Street Journal Online, 01/29/2006—J. Edward Ketz, associate professor of accounting, offers commentary on Chewco, a company associated with Enron that was inolved in the bankruptcy of the company. Click here to listen to Ketz's commentary.

Detroit News, 01/29/2006—Terrence Guay, clinical assistant professor of international business, comments on Ford Motor Co.'s restructuring plans. "Ford's plans still have the feel of being too little, too late," said Guay. (Retirees Fight Ford, UAW Deal).

Reuters, 01/29/2006—Timothy Pollock, associate professor of management, comments on the decision of Thomas Weisel Partners Group Inc. to price its own shares for its IPO. "It's risky," says Pollock. "If it doesn't go well, it's a little bit of a black eye for them. ... They may have a very inflated opinion of how good they are or what they're really worth." (Weisel Faces Delicate Dance In Pricing Own IPO).

Centre Daily Times, 01/29/2006—News brief on the Smeal MBA team winning the Pac-10/Big Ten Case Competition. "Smeal's team of Erin Bauer, Steve Bisbee, Arun Gopalakrishnan, and Ben O'Neil beat out teams from five other Big Ten and Pac-10 universities at the third annual competition." (Smeal Team Wins Case Competition).

The Associated Press, 01/27/2006—Article cites a study co-authored by Smeal professors J. Randall Woolridge and James Miles. "Companies that spin off businesses outperformed the Standard & Poor's 500 by about 10 percent for the first three years after the split, according to a report released by Penn State in 1993." (Wall Street Pressuring Firms To Slim Down). This article also appeared on more than 60 news Web sites, including Business Week Online.

Realtor Magazine Online, 01/26/2006—Report on a study by Abdullah Yavas, Elliott Professor of Business Administration. "Yavas, research director of the Institute for Real Estate Studies at Smeal, and Ron Rutherford, professor of building and development for UT, examined nearly 300,000 single-family home listings in several Texas MLSs. The researchers concluded that although discount brokers were slower and less reliable, using one had no effect on the price for which the house sold." (Study: Discount Brokers Take Longer To Sell Homes).

The Wall Street Journal Sunday, 01/22/2006—Article cites a study co-authored by Smeal professors J. Randall Woolridge and James Miles. "A study by three finance professors from Pennsylvania State University that looked at spinoffs over more than 20 years found that the stock of the new companies outperformed the market by 33 percent during the first three years of independence." (SmartMoney: Promising Solo Acts). This article appeared in 83 newspapers nationwide.

The Patriot-News, 01/22/2006—Andrew Bergstein, marketing instructor, comments on the damage done to the Tyco brand. "Any time you have a damaged brand, you have to determine: How damaged is it?" Bergstein said. (Electronics Unit Could Get New Name).

New York Post, 01/20/2006—J. Edward Ketz, associate professor of accounting, comments on inventory accounting discrepancies. "The book value tends to exceed a store's actual inventory due to theft and breakage," Ketz said. (A Vendor Offender).

The Wall Street Journal, 01/11/2006—Donald Hambrick, Smeal chaired professor of management, is quoted on CEO pay. Hambrick says that if the lower rank and file "feel that top executives are essentially looting the firm, that corrodes the whole system." (Lavish Pay Puts A Bite On Profits). This article also appeared in the Pittsburgh Post-Gazette, Wall Street Journal Europe, and Wall Street Journal Asia.

Centre Daily Times, 01/08/2006—News brief on Penn State Executive Programs' partnership with ALMC. "Penn State Executive Programs, part of the Smeal College of Business, has partnered with the Defense Department's U.S. Army Logistics Management College to offer military personnel the opportunity to earn a certificate in supply chain management." (Penn State To Offer Program For Military).

Centre Daily Times, 01/08/2006—News brief on the new course for high school teachers offered by the Farrell Center for Corporate Innovation and Entrepreneurship. "Penn State's Smeal College of Business has launched an entrepreneurial education program designed to provide school teachers with the skills they need to teach entrepreneurship to high school students." (Smeal Professor Designs Entrepreneurial Course).

Centre Daily Times, 01/08/2006—News brief on the appointment of Jeffrey Tew, clinical professor of supply chain and information systems, as co-director of the master's degree program in manufacturing management. "Tew joined the Smeal faculty this year, after holding various positions in the private sector and academia ..." (Business People: Research)

Centre Daily Times, 01/08/2006—News brief on Zan Huang, assistant professor of supply chain and information systems, winning a dissertation award. "Huang's dissertation, 'Graph-Based Analysis for E-commerce Recommendation,' addresses challenges faced by recommender systems ..." (Business People: Research).

Centre Daily Times, 01/08/2006—News brief on Susan Purdum, administrative director and senior research assistant for the Center for Supply Chain Research, serving on an awards advisory committee. "She presented awards to deputy undersecretaries Paul Brinkley and Thomas Modly, honoring them for contributions toward the goal of a completetly joint logistics solution for the U.S. Department of Defense." (Business People: Research).

Centre Daily Times, 01/08/2006—News brief on Professor Austin Jaffe being named chair of the Insurance and Real Estate department. "Jaffe has been a faculty member at Smeal for more than 25 years, researching and teaching real estate financial analysis, the economics of property rights, the economic effects of legal institutions and the conceptual basis of property." (Business People: Research).

Centre Daily Times, 01/08/2006—News brief on the new book edited by J. Edward Ketz, associate professor of accounting. "His book includes almost 100 essays by leading professionals and academics examining the theories and realities of accounting ethics." (Business People: Research).

Reuters, 01/06/2006—Timothy Pollock, associate professor of management, comments on IPOs. "You can get a much higher valuation for your stock the second go around," Pollock said. "If you have a smaller float, it's easier to drive the price up." (NYSE Stock's Debut Seen As Unusual, Yet Appealing). This article also appeared on several Web sites, including WashingtonPost.com.

The Associated Press, 01/03/2006—Fariborz Ghadar, director of the Center for Global Business Studies, discusses the opening of the world's largest bank in Japan. "Size is often accompanied with a lack of focus and a slowness that results in losing touch with what the customers really need," Ghadar said. (World's Biggest Bank Opens In Japan). This article and an amended version of it appeared in the Deseret Morning News and The Canadian Press, as well as on about 100 news Web sites, including Forbes.com, BusinessWeek Online, and CBSNews.com.

Supply Chain Manufacturing & Logistics Online, 01/03/2006—Article on Penn State Executive Programs' partnership with ALMC. "Penn State Executive Programs, part of the Smeal College of Business, has partnered with the Defense Department's U.S. Army Logistics Management College (ALMC) to offer military personnel the opportunity to earn a certificate in supply chain management." (Penn State, U.S. Army Form Supply Chain Education Partnership).

The Hartford Courant, 01/02/2006—David Harrison, distinguished professor of management, talks about stress in the workplace. "Workers who are better trained for their jobs are likely to be more confident and experience less job stress, said David Harrison." (Scoring Against Stress). This article, which was originally published in December 2005, also ran in January in The Toronto Star, Ottawa Citizen, and Delaware's News Journal.

Supply Chain Management Review, January/February 2006—William Grenoble, executive director of the Center for Supply Chain Research, is co-author on an article about the "supply chain professional." (The Emerging Supply Chain Management Profession).

BizEd, January/February 2006—News briefs on the appointments of Kenneth Lusht as interim dean and John Jordan as executive director of the eBusiness Research Center, as well as the Farrell Center's NASDAQ 2005 Center of Entrepreneurial Excellence award.

DC Velocity, January 2006—Story on the grand opening of Smeal's Supply Chain Laboratory. "For students at Penn State University's Smeal College of Business, the quest to understand the inner workings of the supply chain is about to get easier." (Lab Work).

SmartPros.com, January 2006—J. Edward Ketz, associate professor of accounting, discusses the Enron trial in his column. "I used to believe the prosecution's case a slam dunk, but I have to modify that somewhat. With Skilling's choice of Daniel Petrocelli as attorney, and with Petrocelli's announced strategy, there is some chance that a jury will find Skilling not guilty." (With Petrocelli, Skilling Has a Chance!).

SmartPros.com, January 2006—J. Edward Ketz, associate professor of accounting, discusses pension accounting in his column. "The retirement problem has imposed itself on the American society in a big way. The business and popular press have written a lot on the topic in recent days, and for good reason. There is a pension crisis in this country!" Ketz writes. (Pension Accounting Hurts Managers—And They In Turn Hurt Us).

NDTAGram, January 2006—Article on Penn State Executive Programs' partnership with ALMC. "Penn State Executive Programs, part of the Smeal College of Business, has partnered with the Defense Department's U.S. Army Logistics Management College (ALMC) to offer military personnel the opportunity to earn a certificate in supply chain management." (Penn State And U.S. Army Partnership).

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