This Issue

Welcome to the Smeal Zine!

Here's the latest issue of SMEAL Zine, a monthly electronic magazine designed to keep alumni and friends in touch with the latest news and information from Penn State's Smeal College of Business and its nationally ranked programs and world-renowned research centers.
 

Hucks Commit $1 Million For New Smeal Building

Fundraising for Smeal’s home of the future has received a million-dollar boost from alumni J. Lloyd and Dorothy Foehr Huck. The building’s executive education suite will be named in their honor. The college has raised in excess of $20.4 million of the $29 million private fundraising goal to complete the building. Read more about the Hucks and their generous gift at http://www.smeal.psu.edu/news/releases/apr04/huck.html. You can track the construction progress via our live web cams at http://www.smeal.psu.edu/building/webcams/index.html.

Kauffman Grant Supports Development Of Center For Entrepreneurship Learning

Smeal’s Farrell Center for Corporate Innovation and Entrepreneurship has been awarded a seed grant from the Ewing Marion Kauffman Foundation of Kansas City to develop a detailed plan for a Center of Entrepreneurship Learning (CEL) at Penn State. The University was recently ranked by Entrepreneur magazine as one of the top-tier schools in the country for entrepreneurship education. Learn more about the CEL, which will be used to train teachers on methods for integrating problem-based entrepreneurship education into their classrooms, at http://www.smeal.psu.edu/news/releases/apr04/kauffman.html.

Palumbo, Bogle To Speak At Smeal Commencement Ceremonies

Daniel Palumbo (MBA ’83), chief marketing officer and senior vice president of The Coca-Cola Company will speak at Smeal’s MBA pre-commencement ceremony at 1 p.m. on May 9 in the HUB Alumni Hall. John Bogle, who helped transform the mutual fund industry as founder of The Vanguard Group, will offer the spring commencement address to more than 1,000 Smeal undergraduates and their families at 4:30 p.m. on May 15 in the Bryce Jordan Center. Bogle will also receive an honorary doctorate degree from Penn State. Read more about the speakers at http://www.smeal.psu.edu/news/releases/apr04/palumbo.html.

Smeal Alumnus Receives Inaugural Investment Leadership Award

Arthur D. Miltenberger (B.S. 1960), the retired chief investment officer of the Richard King Mellon Foundation, one of the largest grant-making foundations in the United States, recently received the 2004 Hirtle Callaghan Award for Investment Leadership. “His career sets a standard for all those who sincerely aspire to become trusted advisors,” said Jonathan Hirtle (MBA ’82), founder and principal of Hirtle, Callaghan & Co. Read more about Miltenberger and his award at http://www.smeal.psu.edu/news/releases/apr04/hirtle.html.

Smeal Names Fred Brand Award Winners

Jack Stevens, professor of management and organization; Lynne Grutzeck, academic counselor; and Alan Jagolinzer, doctoral candidate in accounting, recently received Fred Brand, Jr. Awards from Smeal. Named after a 1932 Penn State alumnus who enjoyed a long and prestigious career in the insurance field, the Fred Brand, Jr. Awards are Smeal's highest honors in teaching and advising. Read more about the award winners at http://www.smeal.psu.edu/news/releases/apr04/stevens.html.

Smeal Alumni Society Honors Six

Noting their extraordinary commitment to diversity and the college, the Smeal Alumni Society recently recognized six individuals for their contributions: undergraduate student Elizabeth Medina, John Coyle III (’83), Davie Huddleston and Brian Rider (’93), Brian Callahan (’95), and Jill Leithner (‘87, ‘96 MBA). Read more about the awards and their recipients at http://www.smeal.psu.edu/news/releases/apr04/awards.html.

Muscarella Named As New MBA Faculty Director

J. Edward Ketz, who has served as Smeal MBA faculty director since 2001 and was a key contributor to the recent program renewal, will step down on July 1 and return to his position as associate professor of accounting. Chris Muscarella, professor of finance, will assume the role of faculty director, serving as academic leader and liaison to MBA faculty, portfolios, and immersion experiences. Read more about the changes to the program at http://www.smeal.psu.edu/news/releases/apr04/director.html.

MBA Trio Honored At Oregon Entrepreneurship Competition

Brian Anderson, Ankit Patel, and Michael Mikalsky won the Best Presentation Award at the University of Oregon’s New Venture Championship business plan competition in Portland. Competing against 20 other schools, the Smeal team’s plan was for new railway car technology that increases cargo fuel efficiency. Read more about the entrepreneurship competition at http://www.smeal.psu.edu/news/releases/apr04/trio.html.

In The Classroom: Undergrads Market Academic Integrity

Undergraduate students enrolled in Smeal’s “Advertising and Sales Promotion Management” course have developed plans to market academic integrity – perhaps the most essential learning opportunity at the University. Read more about this project and other assignments for clients such as the Palmer Museum of Art, Penn State All-Sports Museum, and the Food Science major at http://www.smeal.psu.edu/news/releases/apr04/integre.html.

Tune In: Next Episode Of ‘About Business’ Airs May 4

The next episode of “About Business,” a monthly call-in show hosted by Smeal Dean Judy Olian, will address the costs and benefits of global outsourcing. Issues such as reasons for outsourcing, industry sectors most affected, insourcing into the U.S., and the political ramifications will be addressed. “About Business” is simulcast at 7 p.m. on Tuesday, May 4, on WPSU-FM, WPSX-TV and online at http://wpsu.psu.edu/abusiness/. Read more about the show at http://www.smeal.psu.edu/news/releases/apr04/global.html.

Media Round-Up

Members of the Smeal College faculty are contacted regularly by the world’s news media. In April, faculty members were featured in media outlets such as BusinessWeek, The Associated Press, and the Pittsburgh Post-Gazette. Please visit http://www.smeal.psu.edu/news/innews/index.html to see a summary of these stories.

Dean Judy Olian’s twice-monthly newspaper column, which appears in the Centre Daily Times and Pittsburgh Post-Gazette, and is syndicated by Scripps Howard News Service and Knight-Ridder, can be accessed at http://www.smeal.psu.edu/news/dean/index.html.

Join Smeal

Dean Judy Olian is hosting several regional alumni receptions this spring. We look forward to seeing you at one of the following events. Contact Ann Lehman, director of alumni relations, at 814-865-7831 for more information.

May 3 - Boston, MA
Boston Harbor Hotel
70 Rowes Wharf on Atlantic Avenue, Boston, MA 02110
(617) 439-7000
5:30 p.m. - 7:30 p.m.
Hosted by Bruce and Debbie Johnston

May 12 - Washington, DC
St. Regis
1001 16th St NW, Washington, DC 20036
(202) 638-2626
5:30 p.m. - 7:30 p.m.

May 13 - Philadelphia, PA
National Constitution Center
525 Arch St, Philadelphia, PA 19106 (Historic District)
7 p.m. – 10 p.m.
Access to Center from 8 p.m. – 10 p.m.

May 20 - Charlotte, NC
Joint Event with Schreyer Honors College
Home of Richard McCracken
4808 Pellyn Farm Court, Charlotte, NC
6:30 p.m. - 8:30 p.m.

Programs and Events

Penn State Executive Programs is currently accepting reservations for its upcoming programs. Please visit http://www.smeal.psu.edu/psep/date.html for more information or click the link below for some of the specific programs being offered in 2004.

May 10-14	Managing Effective Supply Chains: Essentials of Supply Chain Management http://www.smeal.psu.edu/psep/mesc1.html
June 13-25 (Two-week continuous)	Executive Management Program http://www.smeal.psu.edu/psep/emp.html
August 23-27	Managing Effective Supply Chains: Essentials of Supply Chain Management http://www.smeal.psu.edu/psep/mesc1.html
September 12-17	Leading with Impact: Linking People, Strategy, and Results http://www.smeal.psu.edu/psep/lwi.html
September 19-24	Designing & Leading Competitive Supply Chains http://www.smeal.psu.edu/psep/dlsc.html
September 27-October 1	The Emerging Enterprise Technology Strategist: Leveraging IT for Organizational Success http://www.smeal.psu.edu/psep/eets.html

Class Notes

For information on your classmates and other Smeal alumni, visit Class Notes at http://www.smeal.psu.edu/alumni/classnotes.html. You can receive regular updates on events by completing the "Alumni Information Form" found online at http://java.smeal.psu.edu/jsp/alumni/info.jsp.

New Address?

Change your address, phone and other information at http://www.alumni.psu.edu/membership/address/default.htm.

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