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2007 Texas MOOT CORP® Kicks Off “Super Bowl” of
Business Contests |
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The 24th annual MOOT CORP® competition will kick off Jan. 26
with the opening round of Texas MOOT CORP.
Feel free to come and watch as the action unfolds.
More info |
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Professor Emeritus Francis B. May Passes
Away
Francis B. May, professor emeritus, passed away Jan. 12 at the
age of 91. May received his BBA, MBA and Ph.D. degrees from The
University of Texas at Austin, and joined the business school as
an assistant professor of statistics in 1958. He served as chair
of the Department of General Business (now IROM) from 1964 to 1968.
Though he officially retired in 1986, May continued teaching
statistics part time until 1993. No service will be held.
Kinney Appointed to International
Auditing Standards Board
 William Kinney has been appointed to serve on the International
Auditing and Assurance Standards Board (IAASB) for a three-year
period beginning Jan. 1, 2007. Kinney will work with IAASB
members from around the world to enhance the quality and
uniformity in the practice of global auditing. “For many years
Bill has been the leading academic accountant in both studying
issues in auditing practice and in contributing to auditing
standard-setting and regulation,” said Ross Jennings, chair of
the Department of Accounting. “He will bring a great deal of
expertise to this new role at a time when the rapid growth of
cross-border transactions and investing has made the need for
improved international standards more important than ever.”
 In the News:
New Book from McCombs Alums Offers Marriage-Survival Tips for Exhausted Parents
Today, Jan. 23, 2007
Navigating through the sleepless fog of new parenthood can be a time of confusing frustration. The experience is often complicated by marital strain as couples keep score of baby-related chores and try to incorporate romance into their hectic schedules. “Parenthood is a soggy, uncomfortable, life-altering trial by fire,” attest
Stacie Cockrell, MBA ’96, and Julia Stone, MBA ’96,
co-authors of the new book, “Babyproofing Your Marriage.” They
discussed the book and their experiences as mothers on the Today
show Jan 23. Fellow MBA ’96 alums Debbie Baladad Miles,
Brad Miles, Kathleen Lewis Mabley and Lou Mabley also participated in a focus group for the segment.
Watch the segment.
In the News: Guedj, Barnea Research
Helps Explain “The Sky High Club”
The New Yorker, Jan. 22, 2007
Even the most jaded observer of CEO compensation had to blink when,
earlier this month, Home Depot’s board of directors handed the
company’s CEO, Bob Nardelli, more than $200 million after pushing him out of his job. Nardelli didn’t pick
the board members, but when an independent board negotiates a
CEO’s contract, the directors are often, in a sense,
negotiating with themselves. Of the ten independent members of
Home Depot’s board, for instance, eight are or have been CEOs.
Since CEO pay is often driven by comparisons between companies,
directors have a certain interest in keeping executive pay high.
A study of 500 companies by Amir Barnea and Ilan Guedj,
assistant finance professors, found that even after other
factors were accounted for, CEOs at companies whose directors
sat on a number of other boards were paid 13 percent more
than CEOs at companies whose directors were not.
Get the full story.
In the News: Locking in Gas Prices Natural Response to Volatility,
Says Ronn
Hartford Courant, Jan. 14, 2007
 Imagine pulling up to the pump and
the
driver next to you is filling up for $3.25 per gallon, while
you’re paying 50 cents less after locking in a price months
earlier. Now run through that scenario again. Same day, and
you’re filling up for $2.75 per gallon with your fixed-price
plan. The other driver is paying the station’s posted price.
It’s $2.25. Both are possible. New Englanders will soon get to
play the game of chance at the pump when Gulf Oil starts offering drivers the option of setting a
per-gallon price for a period of months. “This is an entirely
reasonable response to volatility,” said Ehud Ronn,
director of the Center for Energy Finance Education and Research
at McCombs. Ronn said markets often respond to price swings by
giving consumers choices, referring to the myriad options
mortgage companies now offer homebuyers.
Get the full story.
 In the News: Thanairongroj’s MBA Journal
Highlights Admissions Process
BusinessWeek Online, Jan. 18, 2007
In the first installment of his MBA Journal for BusinessWeek
Online, David Thanairongroj, MBA
’08, gives prospective MBA students advice on applying to
B-school and shares what brought him back to school for the
second time. With both bachelor's and master's degrees in
computer engineering, Thanairongroj started two businesses in
2003. Now, he'’s enrolled at McCombs to take his software
engineering company to the next level. What does he think of
McCombs so far? “My professors are amazing!” he writes. “Second,
I can't be happier taking this two-year journey with my current
classmates. I can confidently say that if you're looking for
that ideal environment and culture where students cooperatively
compete (I know that's an oxymoron, but that's one of the best
ways to describe the "McCombs Culture"), then I guarantee that
you won't be disappointed considering McCombs as one of your
schools.”
Read Thanairongroj's first MBA journal.
Read Thanairongroj's second MBA journal.
McCombs School Job Postings:
See past issues of McCombs Weekly.
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