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Friday,
Feb. 16
Women in Business Leadership Conference
More info
Tuesday,
Feb. 20
Faculty Research Presentation Series
John Robertson:
“Why Is The Tax Law So Complex and What Can We Do About It?”
More info |
Mills Named to Internal Revenue Service
Council
 Lillian Mills,
associate professor of accounting, has been selected to serve on the
Internal Revenue Service Advisory Council (IRSAC) for a
three-year term. “With this appointment, Professor Mills continues
to serve as a bridge between serious academic scholarship and
tax policy formation,” said Ross Jennings, chair of the
Department of Accounting. “I am sure that she will
make great contributions to this prestigious group and that this
appointment will provide her with many opportunities to bring
new ideas back to the classroom and to her research.”
Get the full story.
 Pharmaceutical Company Takes Texas Moot Corp Competition
MacuCLEAR Corporation, a pharmaceutical company that has developed a treatment for age-related macular degeneration (AMD), the leading cause of blindness in people over the age of 50, defeated three teams Feb. 9 to win the Texas round of Moot Corp®,
the prestigious new business venture competition hosted annually at McCombs.
Get the full story.
Business Honors Symposium Features Dell’s
Global Acquisition Sales Director
By Andrea Ferdinand
It’s not the booming population growth or the constant
influx of tourists that make it so difficult to implement
technology in New York. It’s the elevator size. Knowing that you
can only fit a small number of boxes in an elevator in New York
or that your company’s 18-wheeler will not fit through Paris’
narrow streets is only the beginning of Dell’s global success
strategy. “The world is so complex,” said Dell’s Director for
Global Acquisition Sales John Hanby at the McCombs Business
Honors Program Symposium on globalization Feb. 2.
Get the full story.
In the News:
Selling the Texas Lottery?
KUT, Feb. 12, 2007
 Gov.
Rick Perry’s idea to sell the Texas lottery to a private firm
isn’t winning a lot of followers in the state legislature.
Perry’s plan would have the state taking a lump sum payment of
about $14 billion from a company to run the lottery for 40
years. That money would then go into three endowments to support
education and health care. Perry’s idea counts on about a 9
percent return rate on the money in the endowment. Jay
Hartzell, associate professor of finance, believes “8
to 10
percent as a rough gauge for a rate of return to me is not
unrealistic.” But the problem is most endowments reinvest a
portion of the returns so future payouts will keep up with
inflation. If you don’t reinvest, “you are going to end up with
the same size checks 10 years from now that can buy half as
much,” Hartzell said.
Listen to the story. (Three-fourths through the podcast.)
In the News:
Lottery Sale is Risky Business
Houston Chronicle, Feb. 9, 2007
Gov.
Rick Perry’s plan to sell the Texas lottery to a private
company hasn’t met with rousing approval, even from fellow
conservatives. While Perry’s camp disputes claims that he is
catering to a lobbyist friend, others claim the sale would not
be in the best interest of Texans. From a business perspective,
selling the lottery would be risky because the state would have
to bank on a 9 percent yearly return, said Michael Granof,
McCombs accounting professor.
Get the full story.
Wal-Mart Determined to Lead in Corporate Social Responsibility
By Andrea Ferdinand
Scientists predict that by 2050, if current consumption
habits continue, it will take four Earths to support the
population. “We have a very serious problem with consumption in
the world, and something has to change,” said David Blackwell, BBA
’80 and
Wal-Mart’s vice president and CFO of global procurement, Feb. 8
at the Sustainability and Business Speaker Series co-sponsored
by the McCombs School of Business.
Get the full story.
In the News:
Conferences Aim to Narrow Gender Gap
The Daily Texan, Feb. 8, 2007
Despite the increase of women in the work force, female
presence in top corporate positions remains small. Attempting to
narrow this gap, McCombs will host the sixth annual Women in
Business Leadership Conference Feb. 16. Successful businesswomen
will lead workshops aimed at helping the advancement
of business students, with topics ranging from gender
communication to career planning. A benefit of such an event is
the mentoring opportunities provided. “Women should continue to
seek mentors as much as they can,” said Paul Martorana,
assistant management professor. “Networking and postgraduate
education are good ways to get information and figure out
solutions. Conferences and forums are really helpful by
expanding participants’ networks and seeking help from each
other.”
Get the full story.
McCombs School Job Postings:
See past issues of McCombs Weekly.
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