May 2006
Media Round-Up
New Bronze Statue Adorns Hintz Plaza
Field Joins Financial Management Editorial Board
Smeal Announces Global Trading Competition Winners
Executive MBA Scholarship Available For Nonprofit Employees
Venture Capital Association Names New Leadership Team
Two Students Named 'Smeal Survivors'
Smeal MBA Ranked In U.S. News Top 40
Smeal Research: Market-Based Incentives Best To Increase Pharmaceutical Information
Two Student Groups Garner Major Honors
Smeal Alum Stengel To Speak At Commencement
Alumni Society Board Meeting Connects Alumni With Students
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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.
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Daniel Cahoy, Assistant Professor of Business Law:
Daniel Cahoy, assistant professor of business law at Smeal, is a patent attorney licensed to practice before the U.S. Patent and Trademark Office and admitted to the New York State Bar and several federal courts. He has published numerous articles in academic law journals on topics such as pharmaceutical importation and the optimal policy for reforming the U.S. patent system, among others. At Smeal, Cahoy specializes in the teaching and study of intellectual property law, as well as related issues in technology law and general business law concepts.
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Alumni Society Board Meeting Connects Alumni With Students
The Alumni Society Board convened for its annual spring meeting on March 30 and 31 with a full schedule of events aimed at connecting alumni with Smeal students in a variety of capacities. The weekend included alumni-to-student mentoring, seminars on financial planning, a silent auction benefiting student organizations, and the Alumni Society Board Awards Dinner. For a complete list and photograph of the evening's honorees, visit http://www.smeal.psu.edu/news/releases/
apr06/asbmtg.html.
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Smeal Alum Stengel To Speak At Commencement
James Stengel, global marketing officer for Procter & Gamble and a 1983 graduate of the Smeal MBA program, will deliver the commencement address at this year's Smeal graduation ceremony, set for 1:30 p.m. on May 14 in the Bryce Jordan Center. Stengel has been with Procter & Gamble since 1983, working on its Duncan Hines, Jif, and Olestra brands. He was general manager of Procter & Gamble in Europe and vice president for global baby care before becoming global marketing officer in 2001. For more on Stengel, visit http://www.smeal.psu.edu/news/releases/
apr06/commence.html.
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Two Student Groups Garner Major Honors
The Penn State Marketing Association (PSMA) and Women in Business, two student organizations associated with Smeal, have received significant awards. PSMA was one of only three American Marketing Association (AMA) student chapters-out of 126 nationwide-to receive the Superior Chapter Award at this year's AMA conference. Penn State's Office of Student Affairs presented Women in Business with its inaugural Undergraduate Outstanding Student Organization of the Year Award, for which all 652 student organizations at Penn State's University Park campus were eligible. For more on the honors, visit Smeal's Latest News page at http://www.smeal.psu.edu/news/releases/index.html.
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Smeal Research: Market-Based Incentives Best To Increase Pharmaceutical Information
In the wake of multiple lawsuits claiming that Vioxx manufacturer Merck hid the results of trials showing the drug may contribute to heart attacks, many consumer groups and politicians are calling on the Food and Drug Administration to require companies to release all drug trial results. Daniel Cahoy, assistant professor of business law, argues in a research paper that these efforts may cause drug manufacturers to complete fewer drug trials and result in less information about drugs reaching the public. Cahoy instead suggests creating market-based incentives through targeted tort reform to increase the quality and quantity of pharmaceutical information. For more on the paper, visit http://www.smeal.psu.edu/news/releases/apr06/cahoy.html.
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Smeal MBA Ranked In U.S. News Top 40
Smeal ranked 38th overall and 18th among public universities in this year's "America's Best Graduate Schools," published annually by U.S. News & World Report. The Smeal MBA Program also ranked seventh in the nation in the discipline-specific category of Supply Chain/Logistics. For more on the Smeal MBA Program, visit http://www.smeal.psu.edu/mba.
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Two Students Named 'Smeal Survivors'
For the second time in its six-year history, the Smeal Survivor competition ended in a tie, with two students each winning first-place prizes. Robert Dinkelspiel, senior in management, and Kevin Shah, senior in bioengineering, remained deadlocked in first after a tiebreaker round between them and Frank Howard, senior in accounting. After a brief conference among the judges and representatives from lead sponsor PNC, the decision was made to award first place to both Dinkelspiel and Shah. For complete competition details, visit http://www.smeal.psu.edu/news/releases/apr06/survivor.html.
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Venture Capital Association Names New Leadership Team
Smeal's Nittany Lion Venture Capital has selected eight MBA students to manage the $5 million Garber Venture Capital Fund for the 2006-2007 academic year. Established in 1999, the Garber Fund, which is administered by the Farrell Center for Corporate Innovation and Entrepreneurship, is managed by Smeal MBA students enrolled in the college's venture capital practicum course. The program requires students to research investment opportunities, determine valuation, and vote as a group on whether to invest funds in selected companies. For more on the fund, visit http://www.smeal.psu.edu/fcfe/garber.html.
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Executive MBA Scholarship Available For Nonprofit Employees
The Smeal Executive MBA Program, which enters its fifth year in August, is offering a $20,000 competitive scholarship to be awarded to one incoming student or divided among multiple students who are also employees of nonprofit organizations. To be eligible, candidates must submit a 500-word essay describing how the Philadelphia-based Executive MBA Program will help further the work of their nonprofit organization or cause. The submission deadline is May 10. For more on the Smeal Executive MBA Program, visit www.smeal.psu.edu/execmba/ or contact EMBA Director of Admissions Tim Quigley at 866-999-EMBA or tquigley@psu.edu.
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Smeal Announces Global Trading Competition Winners
About 60 undergraduate and MBA students from around the world came together on the Internet on April 21 and 22 to test their skills against each other in Smeal's Global Trading Competition, organized in conjunction with Financial Trading System (FTS). In the end, John Marsh, a student at Rensselaer Polytechnic Institute in Troy, N.Y., out-traded his peers from 13 educational institutions in Canada, the United Kingdom, and the United States to win first place and the accompanying $1,000 prize. For the complete results, visit http://www.smeal.psu.edu/gtc/results.
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Field Joins Financial Management Editorial Board
Laura Field, Smeal associate professor of finance, has been appointed to the editorial board of Financial Management, a leading academic journal in the field of finance. Field will serve on the board for a term of three years as an associate editor, reviewing articles for publication and helping to attract the best research to the journal. Financial Management is the flagship journal of the Financial Management Association International (FMA), a leading global organization in developing and disseminating knowledge about financial decision making. For more on the appointment, visit http://www.smeal.psu.edu/news/releases/apr06/field.html.
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New Bronze Statue Adorns Hintz Plaza
A bronze statue by a prominent artist was erected in Hintz Plaza outside of Smeal's Business Building. A gift from Smeal alumnus Edward Hintz '59 FIN and his wife Helen, the sculpture is a life-size depiction of a woman walking through the plaza carrying a briefcase. The piece, named "The CEO," is the work of artist Glenna Goodacre and is a portrayal of her daughter. Goodacre's most notable works are the Vietnam Women's Memorial in Washington and her depiction of Sacagawea on the U.S. dollar coin minted in 2000. To view a photo of the artwork, visit http://www.smeal.psu.edu/news/releases/apr06/theceo.html.
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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 the Wall Street Journal, the Financial Times, and the Philadelphia Business Journal. For a more complete list, please visit http://www.smeal.psu.edu/news/innews/index.html.
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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 links below for some of the specific programs being offered.
June 4-16
Executive Management Program
http://www.smeal.psu.edu/psep/emp.html
June 18-23
Developing Managerial Effectiveness
http://www.smeal.psu.edu/psep/dme.html
June 25-30
Marketing Strategy for Growth in Business Markets
http://www.smeal.psu.edu/psep/msbm.html
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