Media Coverage: May 2007

United Press International, 05/31/2007—Article on research by Terrence Guay, clinical assistant professor of international business. "The Pentagon should closely monitor the U.S. defense industry's foreign production lines and suppliers, a new study recommends. ... Guay makes 10 recommendations meant to both strengthen industry and protect national security, including that the Pentagon should tighten up on technology transfers and encourage the study of math and science." (Study: Pentagon Should Monitor Industry).

Financial Times, 05/30/2007—J. Edward Ketz, associate professor of accounting, comments on accelerated share repurchases. "[Ketz] has described ASRs as a 'racket' and accused investment bankers of 'playing the huckster.'" (Speeded-Up Buyback Wheeze Provokes Fair Share Of Criticism).

Yahoo.com, 05/26/2007—Article mentions the executive coaching certificate programs offered by Penn State Executive Programs. "In 2002 the Harvard Business School Journal indicated that employers are willing to pay from $1,500 to $15,000 a day for executive coaching. Leading schools like Penn State's Smeal College of Business, which added two new certificates to its executive education offerings this past year, are addressing this growing field." (No Degree Required: Certificate Programs For In-Demand Jobs).

Newsweek, 05/21/2007—Article on a boot camp for tech entrenpreneurs features Smeal senior Dan Veltri and two classmates from the College of Information Sciences and Technology. "Back home at Penn State, the three undergraduates were alpha geeks, go-getters who'd capitalized on the university's requirement that students have a Web portfolio by creating software that makes it really easy for students to build a personal site." (Meet The Next Billionaires).

The Christian Science Monitor, 05/18/2007—Fariborz Ghadar, director of the Center for Global Business Studies, comments on the proposed European Union natural gas pipeline, Nabucco. "Even if Nabucco happens, the reality is you really need more gas," Ghadar said. "The reality ... is that the gas is in Russia and it's in Iran. Right now, the Russians basically have a stranglehold on this whole thing." (EU Bid To Wean Itself Off Russian Gas: Nabucco Pipeline). 

Indianapolis Star, 05/18/2007—Article on former Smeal College faculty member who was appointed to a deanship at Indiana University-Purdue University Indianapolis. "[Philip] Cochran, joined Kelley in 2003, coming from the Smeal College of Business at Penn State, where he directed the Center for the Study of Business and Public Issues and the G. Albert Shoemaker Program in Business Ethics." (Cochran Named To Lead Kelley School At IUPUI).

Financial Times, 05/14/2007—Article on the newspaper's executive education rankings mentions Smeal College. "In the U.S., two schools in particular made their clients much happier this year. ... The Smeal College of Business at The Pennsylvania State University ... gained 22 places. As with the Kenan-Flagler school, it had much better marks this year from a survey of its corporate clients." (Consistency Has Its Merits).

Pittsburgh Post-Gazette, 05/13/2007—Tim Pollock, associate professor of management, comments on executive compensation. "Do I think there's going to be a revolution? No. But I do think there's going to be some changes," Pollock said. (Executive Pay Remains Mind-Boggling).

Pittsburgh Post-Gazette, 05/13/2007—Article on executive compensation research by Tim Pollock, associate professor of management. "A recent study by three business school professors indicates chief executive officers have a more cultivated sense of fairness on the matter of compensation than more visceral students of the topic give them credit for." (Workers, If They Keep Their Jobs, May Fare Better If CEO Is Overpaid). This article was reprinted by Scripps Howard News Service and appeared on several other Web sites.

USA Today, 05/09/2007—Steven Huddart, KPMG professor of accounting, comments on a stock purchase case under investigation by the SEC. "When there's that kind of (deal) activity, more people on the outside are in the know," said Huddart. ($15M Dow Jones Stock Buy Raises Flags). This article also appeared in The Seattle Times.

Scripps Howard News Service, 05/09/2007—Anthony Warren, director of the Farrell Center for Corporate Innovation and Entrepreneurship, discusses entrepreneurship education. "Teaching entrepreneurship is not a luxury in today's world but a necessity," Warren said. "Entrepreneurship is about optimism and knowing that you can reach your personal targets, attributes that all students should acquire at an earlier a stage as possible." (Entrepreneur Classes Attract Many Students).

Turkish Daily News (Turkey), 05/07/2007—Article about a conference in Istanbul on the Turkish mortgage system includes mention of a presentation by Abdullah Yavas, Elliott Professor of Business Administration. (Istanbul Preparing For Its First 'Mortgage' Conference).

National Public Radio, 05/06/2007—Research on academic dishonesty by Linda Treviño, Cook fellow in business ethics, is mentioned. (Weekend Edition).

CentreDaily.com, 05/07/2007—Debut of a blog by Patrick Cataldo, associate dean for executive education. "Anyone who wants to understand the nature of today's globally competitive work environment, anyone who wants to make better career choices, or who seeks to be more productive and make a contribution as an employee, entrepreneur or volunteer, will find something to think about in these postings." (Thinking Ahead In Business).

Centre Daily Times, 05/06/2007—Debut of a new monthly column by Patrick Cataldo, associate dean for executive education. "All of us, no matter where we currently stand in our lives and careers, must learn that how we respond to the changes we face that will greatly impact how we grow and prosper in business and in life." (Dealing, Keeping Up With Changes).

Press & Sun Bulletin (Binghamton, N.Y.), 05/06/2007—Article mentions an executive forum hosted by the Center for Supply Chain Research. "'More than 60 executives from 45 companies attended the forum, which was titled, 'Driving Innovation in the Supply Chain.'" (Consultant Invited To Direct Supply Forum).

Die Presse (Austria), 05/05/2007—Anthony Warren, Farrell clinical professor of entrepreneurship, comments on starting a business and getting investors. "Go and work for three years inside a creative company in a field in which you have an interest, and in a position at the edge of the company where you have customer contact," Warren said. "In this way you gain, not only a good idea, but also free training and valuable contacts." (Entrepreneurship: The Career Option With An Idea).

Forbes.com, 05/04/2007—Article on research by Thomas Miller, Ph.D. candidate in finance. "Our approach suggests there is wide variation in the risk-return characteristics of passively managed mergers of securities exchanges, and that the 'best' pairings typically include an Asian Pacific exchange as a partner, whereas some of the weaker hypothetical mergers include European and North American exchanges." (Ranking Exchange Hook-Ups).

The Associated Press, 05/01/2007—J. Edward Ketz, associate professor of accounting, comments on Blackstone Group's use of fair-value accounting. "Investors are at the mercy of management to not be overly biased, but will they be?" asked Ketz. (Blackstone Books Profits Before They Are Actually Realized). This article also appeared in The Star Ledger and The Virginian-Pilot, among other newspapers.

CFO, 05/01/2007—Article on research by Guojin Gong, Henock Louis, and Amy Sun, assistant professors of accounting. "A recent study by Guojin Gong, Henock Louis, and Amy Sun, of Penn State's Smeal College of Business, argues that companies often use creative financial reporting to push earnings downward before buybacks, resulting in an artificially low stock price that jumps higher following a buyback." (Critical Masses: Second Thoughts).

Harvard Business Review—Article on research by James Detert, assistant professor of management. "What would you think if you overheard an employee confiding in another, 'If I tell the director ... what customers are saying, my career will be shot'? We actually heard this, verbatim, in the course of our research on communication in a leading high-technology corporation. Our study suggests that this type of self-censorship is common, from the rank and file right up through senior management." (Why Employees Are Afraid To Speak).

BizEd, May/June 2007—Article on the Center for Digital Transformation's name change quotes John Jordan, director executive director of the center. "'Today's corporations are relying more and more on digital technologies and communications,' he says. The center's focus is to study how the use of networked digital resources alters competition, strategy, and execution." (New Time, New Name).

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