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Upcoming Speakers |
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Faculty Research Speaker Series |
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Paul Martorana,
Assistant Professor,
Management Department, 11/21
More info |
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Energy Technology Group
Speaker Series |
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Jerry Patterson,
Texas Land Commissioner, 11/30
More info |
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Upcoming Events |
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MBA International Night, 11/29 |
Southwest’s Kelly Emphasizes Integrity
in Lyceum Presentation
By Rob Meyer
Gary Kelly, BBA ’77 and CEO of Southwest Airlines, told
McCombs accounting students that integrity—not rules or
legislation—should be the guiding principle behind successful
businesses. His comments came November 8 during a Lyceum
Speakers Series presentation. “It’s like being caught in a
drive-by shooting,” said Kelly, regarding the regulatory fallout
from high-profile scandals such as Enron, Tyco and WorldCom.
Get the full story.
McCombs Earns Clean Sweep in Rankings
by Public Accounting Report
The University of Texas at Austin made it a clean sweep this
year in the rankings from the Public Accounting Report, taking
the # 1 spot on the lists of the most admired undergraduate,
graduate and doctoral programs in the United States, according
to the publication’s 25th annual survey of accounting
professors.
Get the full story.
Edward Cundiff, Past Chair of Marketing,
Advertising Departments, Dies
Edward W. Cundiff, former professor emeritus in
marketing, passed away November 7 in Austin at the age of 87.
Cundiff served The University of Texas at Austin and the
business school with great distinction for many years and was
inducted into the McCombs Hall of Fame in 1993-94. He served two
terms as chair of the Department of Marketing (1958-1964 and
1967-71) and was chair of the Department of Advertising from
1987-1991. From 1973 to 1975, Cundiff was associate dean of the
Graduate School of Business responsible for the Ph.D. program.
Get the full story.
In the News:
Guedj, Barnea Research Shows Connection Between Salary and
Network
U.S. News & World Report, Nov. 7, 2006
 Being “well connected” has long been an aspiration for most
people, whether to help score tickets to the big game, get
a kid into a top school or give a boost to a career. As it
turns out, even CEOs, who already are at the peak of power, have
an interest in well-connectedness—perhaps even more than most.
Recent research by Assistant Professors of Finance Ilan Guedj and
Amir Barnea showed just that. “We find that firms that
have more connected directors award their CEOs a higher
compensation,” said Guedj. “A CEO of a firm that is in the
top quintile of connected firms receives a 10 percent higher
salary and 13 percent in higher total compensation than a CEO of
a firm that is in the bottom quintile of connected firms.”
Get the full story.
In the News:
Sarbanes-Oxley Has Helped Drive Down Costs, Kinney’s
Research Shows
Forbes, Nov. 9, 2006
Sarbanes-Oxley has helped lower costs for some firms, reports an
online story from Forbes about investor security and investor
confidence in the face of tighter corporate regulations. Citing
research coauthored by Accounting Professor William Kinney,
the story concludes, “The New York Stock Exchange and the NASDAQ
are still powering ahead. Moreover, an extensive joint study of
internal controls at 667 companies by the University of
Wisconsin-Madison, the University of Texas at Austin, the
University of Iowa and the MIT Sloan School of Management found
that the Sarbanes-Oxley Act helped lower the cost of equity
capital by 50 to 150 basis points.”
Get the full story.
Opinion:
Konana Discusses Practical Ways to Improve Economic
Situation of India’s Poor
Hindu (India), Nov. 11, 2006
 Prabhudev Konana, associate professor of information, risk, and
operations management, writes about increasing Indian economic
activity through capitalizing on tourist interest in rural
commodities. Excerpt: “We need a natural economic system to
distribute wealth. For this we must encourage rich folks to
spend in areas that touch the masses. Our focus should not be on
whether the rich are getting richer but on whether the bottom of
the economic pyramid is becoming economically better off and
getting opportunities to succeed. In a small way for this to
happen, we may want the rich to spend, and spend on the things
that touch the masses by creating experiences around traditional
communities and factories.”
Read the full editorial.
In the News:
Gu Featured on “7 on Your Side” Investigation
Fox News Austin, Nov. 8, 2006
A recent investigative story by Fox News looked into the
practices of Click Income, a business that promises to teach
people how to make money on eBay but spends more time selling
them thousands of dollars in other services. Bin Gu,
assistant professor of information, risk, and operations
management, said he believes Click Income is selling small
businesses services they probably do not need and charging
them too much. “There's no reason for people to need a merchant
account beyond PayPal," Gu said.
Watch the video (see "Videos" in sidebar).
ICT Hands Out Scholarships to Four From
McCombs
The Insurance Council of Texas (ICT) awarded
scholarships to four McCombs students this week. The recipients
are seniors McKenzie Eakin, Amirali Ali, Shana Bayer and junior
Danielle Painter. ICT is the largest insurance trade association
in the state, consisting of more than 500 property and casualty
insurers writing business in Texas.
Learn more about the award.
Center for Customer Insight Names
Executive Director
Eli Cox, director of the
Center for Customer
Insight (CCI) and chair for the Department of Marketing,
recently named Lamar Johnson, BBA ’70, as executive
director of CCI. Lamar has been asked to revitalize and
re-launch the center, providing measurable benefits for
students, faculty and industry partners. Johnson recently
retired from Procter & Gamble after a career of more than 33
years in sales, marketing and supply chain roles.
McCombs School Job Postings:
See past issues of McCombs Weekly.
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