Media Coverage: June 2007

The Times (London), 06/28/2007—Article profiles the Smeal MBA Program. "Smeal College of Business at Pennsylvania State University is one of the ten largest business schools in the United States. It was founded in 1953, began offering MBAs six years later and, since 2005, has been housed in the biggest building on the university's campus. The school's global alumni network helps students to build relationships with alumni advisers at top firms." (MBA Choices: Smeal College of Business).

Supply & Demand Chain Executive Online, 06/26/2007—Article on Smeal's new online Master of Professional Studies in supply chain management. "Penn State's Smeal College of Business and World Campus are offering a new master's degree program in supply chain management that will allow working professionals to earn a graduate degree by taking courses online." (Penn State Launches Online Supply Chain Management Master's Degree). This article also appeared on SupplyChainIT.com and Logistics Management Online.

Master Salesmanship, 06/25/2007—Arnold Tilden, career coach in the Smeal MBA Program, exposes sales myths in an op-ed. "Modern businesses, no matter how large or famous their brands, tend to behave like their ancient ancestors, turning to mythology when it comes to something that is both vitally important and misunderstood: sales," Tilden writes. (Rainmakers, Closers, And Other Sales Myths).

The Patriot-News, 06/24/2007—Terrence Guay, clinical assistant professor of international business, comments on Pennsylvania exports and foreign direct investment in the state. "It should be a good sign," Guay said. "It doesn't necessarily mean that your paycheck is going up. But it probably means your job in Pennsylvania will be here a bit longer." (Increase In State Exports Has Helped Slow Job Losses).

The Christian Science Monitor, 06/21/2007—Fariborz Ghadar, director of the Center for Global Business Studies, is cited. "Gazprom produces 90 percent of Russia's natural gas and owns most of its pipelines. Europe gets 25 to 40 percent of its natural gas from Russia, a figure that could double two decades from now, according to Fariborz Ghadar." (European Union Energy Companies Court Moscow). This article also appeared in the Budapest Business Journal.

The San Diego Union-Tribune, 06/20/2007—J. Edward Ketz, associate professor of accounting, comments on false statements made by Peregrine Systems' CEO in representation letters. "The significant aspect of such letters is that management pledges that they are not lying to their outside auditors. ... The question that raises for the jury, Ketz said, is whether other evidence shows that the auditor should have known what was going on, even if the auditor was deceived by such letters." (Former Peregrine CEO Says He Lied).

Financial Week, 06/19/2007—J. Edward Ketz, associate professor of accounting, comments on Sarbanes-Oxley's effect on accounting fraud. "Despite all the rhetoric, Sarbanes-Oxley didn't change that much," Ketz said. "To fix the problem, you have to change the probability of being caught, which is still low, or the incentive structure. People cheat because they can make tens of millions on stock options, and options are based on performance, and performance is based on these accounting numbers." (Deloitte Forensics Team Digs Into Fraud Stats).

Logistics Management, 06/18/2007—Article on Deloitte and Oracle's new Supply Chain Information Center mentions the organization's connection to the Center for Supply Chain Research. "Davis added that Deloitte will be collaborating with colleagues from Oracle and Penn State University to develop innovative logistics solutions and services that will provide their joint clients—and shippers—with a competitive advantage in their respective industries." (Deloitte, Oracle Partner Up To Roll Out Supply Chain Innovation Center).

Centre Daily Times, 06/17/2007—"People in Business" feature mentions Hans Baumgartner's appointment as chair of the marketing department, William Ross' appointment as director of the Smeal Ph.D. Program, and announces the results of the college's Next CEO undergraduate competition. (People In Business).

Financial Week, 06/11/2007—J. Edward Ketz, associate professor of accounting, comments on accounting for accelerated share-repurchase programs. "When the firm signs the contract with the investment bank to carry out one of these accelerated share repurchases, they're agreeing to both sides of the transaction," Ketz said. "There needs to be some recognition that the two transactions are really linked. ... It's human nature to goose up how they're being evaluated." (Quick Buybacks May Not Boost EPS For Long).

B To B, 06/04/2007—Smeal's Institute for the Study of Business Markets is mentioned in an interview with Keith Pigues, incoming chairman of the Business Marketing Association. "My third goal is to develop more partnerships and alliances with organizations that provide complementary services of value to the BMA membership. For example, we have partnered with the Institute for the Study of Business Markets (ISBM) to offer increased professional development courses, and we are exploring other types of partnerships." (Client-Side Marketer Ready To Lead BMA).

Centre Daily Times, 06/03/2007—Pat Cataldo, associate dean for executive education, writes in his column on the importance of customer service to business. "CEOs and presidents, cashiers and clerks, managers and construction workers, government officials and turnpike toll takers, professors and university staff—all of us—must accept responsibility for the role we play in the service process," he writes. "We all want great service; we all should be willing to provide it." (Providing Excellent Customer Service Crucial In Business).

CentreDaily.com, 06/03/2007—Pat Cataldo, associate dean for executive education, writes in his blog about customer service. "Is the customer always right? Of course not, we all have bad days," he writes. "It doesn't matter who's right. All that matters is that we save the relationship between company and customer." (Thinking Ahead In Business).

CNBC, 06/01/2007—Smeal MBA student Tom Aichele appears on Fast Money's "Grade the Trade" segment to offer his stock picks in light of a scenario presented by the show's host. (Fast Money).

WTMJ-TV (Milwaukee), 06/01/2007—Pat Cataldo, associate dean for executive education, discusses certificate courses offered by Penn State Executive Programs. "It allows them to take very practical knowledge back to their work environment so that they can further be effective," Cataldo said. This story also ran on up to 60 other NewsProNet affiliates around the country.

Industry Week, 06/01/2007—Fariborz Ghadar, director of the Center for Global Business Studies, comments on just-in-time manufacturing. "Just-in-time is OK, but if all of a sudden there is a surge in demand, you may not have the flexibility available to meet the demand," Ghadar said. (Just-In-Time Remains Justifiable).