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.
 

Study Points To Performance Of Brokerage Firms' Choice Stocks

The average returns of stocks recommended by major U.S. brokerage firms over the past decade fall short of the S&P 500 while showing greater volatility than the overall market, according to a recent study by Smeal's J. Randall Woolridge. On a risk-adjusted basis, the stock recommendations of only three of 10 brokerage firms with a full decade's worth of data outperformed the S&P 500. Read more about the study at http://www.smeal.psu.edu/news/releases/may03/stocks.html.

Keith Crocker Named Elliott Chair

After seven years on the faculty at the University of Michigan Business School, Keith J. Crocker will rejoin the Penn State faculty on July 1 as the Smeal College's William Elliott Chaired Professor of Insurance. Read more about Crocker's appointment at http://www.smeal.psu.edu/news/releases/may03/crocker.html.

View Smeal Commencement Address

John Surma, President of United States Steel Corporation, offered the keynote address at Smeal's undergraduate spring commencement on May 17 in the Bryce Jordan Center. Listen to his speech at http://www.smeal.psu.edu/news/lecture/commence/surma/index.html.

Top International Students Emerge From Global Trading Competition

The Smeal College, in collaboration with Financial Trading System, recently spearheaded the Global Trading Competition, immersing 150 student competitors from around the world into case situations involving fixed-income securities, equities, options, and forward contracts. Funds for the GTC were provided by Don Wallace (B.S. 1969), with Smeal MBA student Bradley C. Barnhorst emerging as the winner. Read more about the event at http://www.smeal.psu.edu/news/releases/may03/traders.html.

Financial Times Ranks Executive Programs Among World's Best

Smeal's Penn State Executive Programs ranks 19th in the world, 13th among U.S. universities, and in the top 5 among U.S. public universities according to the recent Financial Times' 2003 Global Executive Education Rankings. These results build on the program's overall ranking of 22nd a year ago. Read more about the rankings at http://www.smeal.psu.edu/news/releases/may03/ftimes.html.

Lilien Delivers Prestigious Management Science Lecture

Gary Lilien, Distinguished Research Professor of Management Science and Research Director of the Institute for the Study of Business Markets, recently gave the 12th annual E. Leonard Arnoff Memorial Lecture on the Practice of Management Science. Lilien's May 8 presentation at the University of Cincinnati was entitled "Modeled to Bits: Marketing Decision Models for the Digital, Networked Economy." Read more at http://www.smeal.psu.edu/news/releases/may03/lilien.html.

Smeal Undergraduates Impact Community

The activities of Smeal's students directly impact the community surrounding Penn State in a variety of ways. During the past academic year, undergraduates from the college have undertaken business initiatives for the State Theatre, The Second Mile, and State College's Downtown Improvement District, among others. Read more about the Smeal College Community Initiative at http://www.smeal.psu.edu/news/releases/may03/impact.html.

MBA Team Advances Deep Into Jungle

MBA students Jonathon Butz, Khrishna Patel, Sean Raynak, and Thad Will recently qualified as one of eight final round teams of the MBA Jungle Business Plan Challenge, an international case competition featuring 100 business schools and 164 individual teams from around the world. Read more about the event and the Smeal business plan at http://www.smeal.psu.edu/news/releases/may03/jungle.html.

Reminder: Explore Marketing Engineering At June 10 Event In Philadelphia

Gary Lilien will provide highlights of the marketing engineering solutions offered by DecisionPro—a new spin-off company designed to help corporate professionals execute and track marketing programs and optimize the ROI of marketing—at a breakfast meeting in Philadelphia on June 10. For more information, visit http://www.10june03.isbm.org.

Media Round-Up

Members of the Smeal College faculty are contacted regularly by the world's news media. In May, faculty members appeared in media outlets such as The Baltimore Sun, The San Francisco Chronicle, and The Associated Press, among others. Please visit http://www.smeal.psu.edu/news/innews/index.html to see a summary of these stories.

Programs and Events

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

August 25-29	Managing Effective Supply Chains http://www.smeal.psu.edu/psep/mesc1.html
September 7-12	Management Program for Transportation & Highway Engineers http://www.smeal.psu.edu/psep/the.html
September 14-19	Leading with Impact: Linking People, Strategy, Results http://www.smeal.psu.edu/psep/lwi.html
September 14-19	Executive Management Program: Strategies for Incumbent Executives http://www.smeal.psu.edu/psep/emp.html

Class Notes

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

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

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