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Home Newsroom Media Coverage Archive July 2009

July 2009

A compilation of clips of Smeal or Smeal faculty appearing in the media this month.

Media Coverage: July 2009

BusinessWeek, 08/03/2009—Article on research by Vilmos Misangyi, assistant professor of management. "Penn State management professor and co-author Vilmos Misangyi believes the findings also apply to the current economy, as uncertainties may prompt a strong reliance on a business leaders' words. 'If anything,' he says, 'I would expect stronger effects today.'" (It's a Vision Thing).

BusinessWeek, 08/03/2009—Magazine graphic cites research on spinoffs co-authored by Smeal finance professors J. Randall Woolridge and James Miles. (The Rush to Grab Orphan Brands).

Pittsburgh Post-Gazette, 07/26/2009—Article on research by Vilmos Misangyi, assistant professor of management. "Clearly, our results suggest that analysts also rely on soft criteria as well as hard criteria," says Misangyi. "They're looking for uncertainty reduction." (Study: CEO Spin Affects Analysts' Calls).

AJC.com, 07/22/2009—Blog entry on research by Vilmos Misangyi, assistant professor of management. "New CEOs that use charismatic language in their first letters to shareholders are more likely to gain higher recommendations for their company's stock from securities analysts, according to a new study by three researchers. What's more, the study said the analyst recommendations turned out to be wrong more often, according to a Penn State University news release." (Study: Charismatic CEO Language Affects Analysts).

Reuters, 07/20/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on companies making cuts during the recession. "From the perspective of human resources, research and development, and products, you may be faced with a pipeline that all of a sudden is empty," Ghadar says. "Then when recovery comes you will have to pay a premium to hire the right people and you will likely have lost the loyalty of your team." (Corporate Cost Cuts: Early Gains Soon Turn to Pain?). This article appeared on more than two dozen Web sites, including Forbes.com, CNN.com, and BusinessWeek.com.

BusinessWeek.com, 07/20/2009—Article mentions the Smeal Energy Business and Finance major. "A few business schools offer specialized programs, such as the energy business and finance program at Penn State's Smeal College of Business. (Job Search Tips for a Jobless Recovery). This article also appeared on Yahoo.com and in CIO Today.

Centre Daily Times, 07/20/2009—Dennis Gioia, chair of the Department of Management and Organization, writes about his experience watching the launch of Apollo 11 as an engineer working at Kennedy Space Center. "I was a young engineer working for Boeing Aerospace at Kennedy Space Center at the time of the launch of Apollo 11 on July 16, 1969, and the first landing on the moon on July 20," Gioia writes. "They are unforgettable dates, unforgettable experiences, and unforgettable memories for me." (Engineer Recalls Launch).

Politics Daily, 07/17/2009—Article profiles recent Smeal alumna's job hunt. (College Grads to Congress: We Need Jobs).

BNET, 07/14/2009—Barbara Gray, professor of organizational behavior, comments on stress in the workplace. "We actually shoot ourselves in the foot by making the task harder than it needs to be," Gray says. (How to Get a Grip on Stress in a Stressful Economy).

IndustryWeek, 07/13/2009—Article on Smeal's No. 1 supply chain ranking. "Recently, AMR Research, released a report identifying the top U.S.-based supply chain programs. Penn State University and Michigan State University took the top spots in terms of industry value, program depth and program scope." (Top University Supply Chain Programs in U.S.).

Payvand.com, 07/09/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the Iranian economy. "Ghadar framed the discussion by asking the fundamental question of: 'Who gets the money in Iran?' According to him the Supreme Leader controls 30 percent of the economy and gives major multi-billion dollar contracts to senior members of the Revolutionary Guards." (The Iranian Presidential Elections: 'The Most Improvised Moment in Iranian History').

TheStreet.com, 07/08/2009—Edward Ketz, associate professor of accounting, comments on General Electric's debt rating. "Ed Ketz, an accounting professor at The Pennsylvania State University, says looking at GE's overall debt load makes sense if the parent is standing behind GE Capital." (General Electric Debt Rating Still Looks High).

TheNation.com, 07/07/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the Iranian economy. "According to Fariborz Ghadar, an Iranian economist who spoke last week at a forum I attended at the Woodrow Wilson Center, about one-third of Iran's entire economy is controlled by the bonyads. Another one-third is state-owned enterprises, and one-third is private sector." (Iran's Eye-Gougers).

Supply Chain Digest, 07/07/2009—Article on Smeal's No. 1 supply chain ranking. "In AMR's view, Penn State came out on top, followed by Michigan State." (Let the Debate Begin! AMR Names Top Universities for Supply Chain Management).

Inside Higher Ed, 07/06/2009—Larry Spence, learning innovation consultant, writes about cynicism among educators. "When faculty members discuss teaching, stories about ill-prepared, unmotivated, and ungrateful students bubble up like swamp gas," Spence writes. "The practice corrodes our craft. You can't be a competent and successful teacher until you throw it out." (Occupational Hazard).

Centre Daily Times, 07/05/2009—Patrick Cataldo, associate dean for executive education, writes in his column about experiential learning. "Walking softly across the hallowed ground where thousands of soldiers died, one quickly understands the words President Abraham Lincoln used to pay tribute to those who fought the Battle of Gettysburg," Cataldo writes. "As most of us have heard, it is unwise to ignore the lessons of the past. But could the officers and soldiers engaged in that monumental struggle actually have something to say to 21st century business leaders?" (Past Provides Guide to Future Leadership).

CentreDaily.com, 07/04/2009—Patrick Cataldo, associate dean for executive education, writes in his blog on experiential learning. "Experiential learning is a powerful tool that engages executives in thoughtful reflections that can help them in examining their actions in day-to-day decisions," Cataldo writes. "While the lessons learned from these experiences may not be new or unique, they paint graphic images as reminders of key management principles that can be used back on the job." (Experiential Learning - Lessons from Gettysburg).

Today.Az (Azerbaijan), 07/04/2009 —Fariborz Ghadar, director of the Center for Global Business Studies, comments on how the Iranian elections will affect neighboring countries. "I don't think that situation is so severe that we will have immigration to Azerbaijan or anywhere else. It is an internal conflict that will be resolved," Ghadar says. (Foreign Former Iranian Minister: The Situation in Iran Will Have No Serious Impact on Azerbaijan and Other Neighbor Countries).

USA Today, 07/01/2009—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the U.S. response to the Iranian election. "Once you see a lot of people clobbered and shot in the street, as a democracy, the American people start to get upset, and that will ultimately have an impact on what the president says and does," Ghadar says. (Turmoil in Iran Stifling Obama's Outreach Efforts). This article was also distributed nationally by Gannett News Service.

The New York Times, 07/01/2009—Ron Gebhardtsbauer, faculty-in-charge of Smeal's Actuarial Science Program, comments on General Motors pensions. ''They're a bankrupt company and they shouldn't be giving overly generous benefits,'' Gebhardtsbauer says. ''It's sort of like the banks giving out bonuses when they're not profitable.'' (Retired At 54. Pensionless At 74?). This article also appeared in the International Herald Tribune and about a dozen regional newspapers.

Modern Materials Handling, 07/01/2009—Article on Smeal's No. 1 supply chain ranking. (Top Supply Chain Programs).

SmartPros.com, July 2009—Edward Ketz, associate professor of accounting, writes in his column about political interference in accounting standards creation. "Previous leaders of the FASB, including Armstrong, Kirk, and Wyatt, have acknowledged the presence of political factors and how they prevent standard setters from finding technical solutions to technical problems," Ketz writes. "And they yearned for a world in which standard setting would be insulated from politics. Alas, such a world does not exist." (Politics of Accounting Standards Setting).

SmartPros.com, July 2009—Edward Ketz, associate professor of accounting, writes in his column about executive compensation. "The executive compensation issue remains a hot-button item," Ketz writes. "I think the key institution in this matter is the board of directors. If empowered and if held accountable for their decisions, I think the board of directors could properly address the issue of executive compensation." (Executive Compensation and Boards of Directors).

Regulation, Summer 2009—Jean Helwege, associate professor of finance, writes about "too big to fail" policies and the exaggerated notion of systematic risk. "Regulators' desire to maintain stable, liquid, and orderly markets is best satisfied by letting financial firms file for bankruptcy protection," Helwege writes. "Rather than stepping into cure a particular financial firm's problems, possibly at the expense of other, more prudent financial competitors, policy should aim for more general assistance to the economy. (Financial Firm Bankruptcy and Systemic Risk).

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