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The University of Texas at Austin
McCombs Weekly Vol. 8, No. 07 Oct. 20, 2006   
McCombs School of Business
 
  Upcoming Speakers
  VIP Distinguished Speaker Series
  Peter Coors Peter H. Coors,
Chairman, Coors Brewing Co.; Vice Chairman, Molson Coors Brewing Co., 10/26 More info
  Economist Speaker Presentation
  Cartoon of Kevin Kallaugher Kevin “Kal” Kallaugher, Cartoonist, The Economist Magazine, 10/23 More info
  Upcoming Events
 

MBA Marketing Hot Seat Challenge, 10/26-27

MBA Deloitte Consulting Challenge, 10/26-27

MBA International Night, 10/29

Parent's Weekend, 10/28-29

Cox Discusses Misrepresentation
of Adam Smith's Writings
By Chantelle Wallace
Scholars have “highly misrepresented” 18th century economist Adam Smith’s views, said Marketing Professor Eli Cox at the Oct. 17 Faculty Research Presentation Speaker Series. Cox has read all 3,900 pages of Smith’s published writings, as well as 10,000 pages about Smith and the subject of economics. “What I discovered was the Adam Smith I read about had very little bearing on the real Adam Smith—what he really said and believed,” Cox said.
Get the full story.

In the News: McCombs MBA Program Ranked
20th by BusinessWeek
BusinessWeek, Oct. 23, 2006
The McCombs School’s full-time MBA program was ranked 20th in the nation by BusinessWeek in the magazine’s biennial listing of business schools. In a breakdown by academic specialty, McCombs earned top-ten marks in finance, marketing and management.
Get more information.

McCombs Faculty Recognized For
Teaching Excellence 
Congratulations to the 16 professors who were chosen for the 2006 Faculty Honor Roll. The winners were selected based on results from an undergraduate student survey, which takes place each semester.
Check out the faculty honor roll list.

Wilkins Discusses Ups and Downs of Small Business
By Chantelle Wallace
Keat WilkinsNinety-eight percent of U.S. companies have 100 employees or less, though Fortune 500 and Fortune 1,000 companies have half the available jobs, said Keat Wilkins, MBA ’89, in his talk for the Oct. 10 VIP Distinguished Speaker Series. “There’s a whole bunch of small businesses for every giant company,” said Wilkins, co-founder and president of Sense Corp, a business and technology consulting firm. “The small business sector is extremely important to how America performs overall.”
Get the full story.

McCombs Team Places First in NYU Stock Pitch Competition
Three members of the undergraduate Financial Analyst Program took first place in the Stock Pitch Competition held at New York University's Stern School of Business Oct. 14-15. Alex Morales, Katie Ross and Mark Tait, all finance seniors, were challenged to pitch a stock from an emerging market. The team chose Li Ning, a sports apparel, footwear and goods company from China, and spent the past several weeks developing a pitch for the company. The three students were selected to compete based on the strength of their applications and summer internships. Ross said her Goldman Sachs internship taught her that paying attention to details is crucial on Wall Street. “I learned what it means to work under intense pressure on the trading floor, so we were prepared in every aspect of our pitch for any tough questions that judges would grill us with,” she said

Legacy Events Room Opens to McCombs Community 
By Whitney Presley
plaqueThe McCombs School held a reception Oct. 13 celebrating the renovation of Classroom 2000 and its reopening as the Legacy Events Room. The new space, located above the Hall of Honors, will be used for special events and meetings for student groups, recruiters, alumni organizations, and faculty and staff. The renovation was made possible through the fundraising efforts of the MBA Class of 2004 and their Leave A Legacy campaign efforts.
Get the full story.

In the News: McCombs PPA Senior Trisha Grace Wins Scholarship, Award and Job Offer
Austin American Statesman, Oct. 13, 2006   
When PPA senior Trisha Grace left the Texas Conference for Women Oct. 12, she not only received a $5,000 business scholarship, she had a job offer as well. “To me, that is what this is about,” said Laurie Dalton White, conference director. Grace was also recently awarded the Texas Parents’ Mike Wacker Award, named after UT Austin graduate and former Longhorn basketball player Mike Wacker. The award has become a symbol of courage and perseverance for students who face extreme adversity and recognizes students who exemplify personal sacrifice, dedication, esteem, conviction and faith.
Read more about the conference.  

MPA Student Earns Prestigious Harrington Fellowship 
MPA student Xiaowen Ma received a fellowship from the Harrington Graduate Program. Recipients of the Harrington Fellowship are selected based on their scholastic record, character, commitment to pursuing a graduate degree, and potential to become outstanding scholars and citizens. Ma will become a lifelong member of the Harrington Society, which is designed to build a sense of community among its members through special programs and events. She will also receive a one-year stipend of $30,000, full tuition and fees, a stipend for medical insurance and a $2,000 allowance for other expenses.   

In the News: Martin Shares His Views on IBM Employee Restructure
KUT Radio, Oct. 11, 2006
Jeffery MartinDespite investing $6 billion into its operations in India this summer, IBM’s recent announcement that 100 employees have 30 days to find a different job within the company may not be due to outsourcing. Jeffrey Martin, McCombs management professor and former IBM employee, said a corporate culture of shifting people around is more likely the culprit behind cuts than moving jobs to India. “In the time that I worked for IBM people used to joke that IBM stood for ‘I’ve been moved,’” Martin said. “I think companies like IBM are trying to see what they can offshore, and what they cannot. I think the jury is still out as to whether or not really high end jobs like hardware engineering can be offshored.”
Listen to Martin on KUT.

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