The University of Texas at Austin
McCombs Weekly Vol. 8, No. 09 Nov. 1, 2006   
McCombs School of Business
 
  Upcoming Speakers
  VIP Distinguished Speaker Series
  Kevin Rollins Kevin Rollins,
Chief Executive Officer,
Dell Inc., 11/14
More info
  Lyceum Speaker Series
  Gary Kelly Gary Kelly,
Chairman and CEO, Southwest Airlines, 11/8
More info
  Business Ethics Speaker Series
  Jeffrey Nesteruk Jeffrey Nesteruk,
Professor of Legal Studies, Franklin & Marshall College, 11/8
More info
  Upcoming Events
 

Hall of Fame Ceremony, 11/3

McCombs Advisory Council Meeting, 11/3

McCombs Softball Challenge, 11/5

MBA Finance Challenge, 11/8-11/10

MBA Plus Project Fair, 11/15

McCombs School of Business Honors Three
Texans Who Make A Difference

The McCombs School of Business Hall of Fame will induct three prominent alumni Nov. 3 at a ceremony at the Driskill Hotel in Austin. The 2006 inductees represented success in an array of industries, from oil and gas to investment banking to food service. The 2006 honorees are H. Scott Caven, Jr., managing director and Texas regional manager of Atlantic Trust Private Wealth Management; B. M. “Mack” Rankin, Jr., private investor and consultant; and William E. “Billy” Rosenthal, chairman of Penrose Group, LLC.  
Get the full story.

Cooper Awarded 2006 Impact Prize from INFORMS
William Cooper, information, risk, and operations management professor emeritus, was awarded the prestigious 2006 Impact Prize by The Institute for Operations Research and the Management Sciences (INFORMS), the largest professional society in the world for the field of operations research. Cooper and his colleague Abraham Charnes were given the award for their seminal work in Data Envelopment Analysis (DEA), which was first described in the article “Measuring the efficiency of decision-making units,” in the European Journal of Operational Research. It was selected as one of the 30 most influential papers published in the first 30 years of that journal.
Get the full story.

Spring MBA Applause Honors 12
Outstanding Faculty Members

At its annual MBA Applause event, the Graduate Business Council celebrated favorite faculty members in the McCombs School. The spring 2006 survey of full-time MBA students ranked professors on a five-point scale. Those scoring 4.5 and above were honored.
Get the full list.

Coors Business Remains a Family
Affair After 135 Years

By Andrea Ferdinand

When Peter Coors graduated from college he thought he could conquer the world. Instead, he ended up working as a trainee in the waste treatment plant of his family’s brewing company. “It taught me that every job is important,” Coors, chairman of Coors Brewing Co. and vice chairman of Molson Coors Brewing Co., told a standing-room-only audience at his Oct. 26 VIP Distinguished Speaker Series talk.
Get the full story.

In the News: Trading Spaces Becoming More Necessary in B-Schools
BusinessWeek Online, Oct.30, 2006
EDS Trading and Technology CenterWithin the past two years, a growing number of business schools have built trading rooms on campus to allow students to analyze financial data and house MBA investment fund programs with the appropriate financial equipment. The EDS Financial Trading and Technology Center at the McCombs School was one of the first ever created. Dean George Gau came up with the idea for the center more than a decade ago when he noticed that investment banks in New York were not recruiting enough McCombs students. Today, more than 60 companies, including Citigroup, Deutsche Bank, and Goldman Sachs recruit at the school. “When we really want to wow them, we bring them up to the center,” said Beverly Hadaway, associate professor of finance and director of the EDS Center.
Get the full story.

In the News: Brandl Discusses Texas Economy on CNBC
CNBC “Street Signs,” Oct. 26, 2006

With a combined GDP larger than that of China, the economies of California and Texas are heavily influenced by the Federal Reserve’s decisions regarding interest levels. Michael Brandl, senior lecturer in finance, appeared on CNBC’s “Street Signs” to analyze recent moves by the Fed as well as the state of the Texas economy. “We’ve seen the technology sector coming back, and higher energy prices have been beneficial for Houston,” Brandl said. “We’re also seeing a lot of job creation. We need those jobs to be created because we’re drawing a lot of people into this state both from within the U.S., as well as from Latin America.”
Get the full story.

In the News: Financial Times Ranks McCombs Executive MBA Program #9 in the U.S.
The Financial Times, Oct. 23, 2006
The McCombs Executive MBA Program was ranked ninth in the country and 30th in the world by the Financial Times. Other U.S. programs on the list included the University of Pennsylvania, Duke, Northwestern, Columbia, New York University, Cornell, University of California at Irving, and Emory. The McCombs program is the No. 2  public university and is No. 1 in Texas.
Get the full story.

In the News: Corporate Logo Usage is Political Speech Says Allison
Fort Worth Star-Telegram, Oct. 26, 2006

An environmental group that used TXU Corp.’s logo in opposing Rick Perry’s plan to approve new coal plants has led to allegations of trademark infringement. The group, Downwinders at Risk, used the energy provider’s starburst insignia on a giant fake smokestack that was mounted on a 16-foot hay trailer to protest Perry’s alliance with TXU. The company claimed it was illegal, but Downwinders refused to remove the logo. John Allison, professor of information, risk, and operations management, said Downwinders is within their rights to use TXU’s logo in this fashion. “They're making fun of these companies. That’s not trademark infringement,” he told the Fort Worth Star-Telegram. “It's pure political speech, and that’s about as constitutionally protected as you can get.”
Get the full story.

In the News: Butler Discusses Quarterly Economic Outlook for Texas
San Antonio Business Journal, Oct. 26, 2006

John ButlerA new report says Texas business leaders are cautiously optimistic about the fourth quarter of 2006. The latest Compass Bank Texas Business Leaders Confidence Index registered a modest decline of 2 points from the previous quarter—suggesting a slightly slower pace of expansion. “Overall, expectations appear to reflect the stabilization of energy prices, easing but still-present inflation concerns, improving investor optimism and robust capital markets,” said John Butler, director of the IC² Institute and McCombs management professor.
Get the full story.

In the News: McCombs Helps Land Top Football Recruit for Longhorns
The Dallas Morning News, Oct. 25, 2006

Sam Acho, a highly recruited defensive end from the St. Mark’s School of Texas in Dallas committed to playing for the Longhorns football team after a visit to campus in July. They toured the McCombs School of Business and met the coaching staff. Sam kept hearing the words “family atmosphere.” “They were the only ones to bring it up,” Acho said. “Everywhere else, I had to ask them about the family atmosphere.”
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