Latest News: September 2008

Lesson From 1979: Politics Prevail Over Accounting Data In Federal Bailout Decisions

With lawmakers on both sides of the aisle blaming each other for the country's current financial woes, it's possible that the politics of job loss, election concerns, and philosophical ideas about American economics are weighing more heavily than hard accounting data on the decision to bail out Wall Street banks. Such was the case in the 1979 bailout of Chrysler, according to research from Penn State's Smeal College of Business.

Op-Ed: The Enronization Of The Banking Industry

"The Bush administration has proposed a $700 billion bailout of Wall Street, which would be the largest wealth transfer from the middle class to the rich," writes J. Edward Ketz, associate professor of accounting, in an op-ed. "Before we accept this or any other proposal, let's recall the lessons from Enron and WorldCom."

Smeal Hosts Fall 2008 Sports Business Speaker Series

The Center for Sports Business & Research at Penn State's Smeal College of Business will host a slate of guest speakers from the sports industry this semester to interact with students and faculty and build relationships between the center and the sports industry.

Fourteen New Faculty Members Join Smeal

Penn State's Smeal College of Business welcomes 14 new faculty members to the college for the 2008-2009 academic year.

Op-Ed: Proper Destruction Important For Data

"In fiction, sensitive data may 'self-destruct,' but in the real world it does not," writes Patrick Cataldo, associate dean for executive education. "Savvy business people understand the dangers they face when dealing with the retention and, yes, destruction of electronic information."

Johnson & Johnson Executives To Deliver Guest Lecture On Sustainable Supply Chains

Two Johnson & Johnson executives will discuss sustainability in supply chains at Penn State's Smeal College of Business next month as guest speakers for the Spisak Lecture in Logistics and Supply Chain Management.

Smeal Faculty Member Co-Authors Book On How To Cope With Nasty Coworkers

Dulin Clark, associate director of MBA career and executive coaching at the Smeal College of Business, and Robert Orndorff, associate director of Recruiting and Employer Relations for Career Services, want to make the workplace a much happier and fulfilling place to go, and they think they have the problem solved with their new book, The PITA Principle: How to Work With and Avoid Becoming a Pain in the Ass.

Deans Make Campus Smaller With Personal Interaction

Penn State's University Park campus may at first seem daunting to some, and the idea of personally getting to know academic leaders may seem far-fetched. But deans at Penn State's largest campus are finding ways to make it much smaller while getting to know the students in their colleges. James B. Thomas, dean of the Smeal College of Business, and Christian Brady, dean of the Schreyer Honors College,  are among those deans.

Slate Of Business Leaders Set To Share 'Executive Insights' This Fall

Penn State's Smeal College of Business will host three senior-level business leaders during the fall semester as part of the third year of its guest speaker program, Leadership in Focus: Executive Insights. Stuart Levenick, group president of Caterpillar Inc., is scheduled for Sept. 26. Smeal alumna Karen Quintos '85, vice president of Americas Marketing for Dell, will be the college's guest on Oct. 17. And the fall slate of speakers will wrap up on Dec. 5 with Smeal alumnus Daniel Mead '75, '77 M.B.A., president of Verizon Services Corp.

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