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Carolyn Miles Named Director of
Corporate Relationship Management for McCombs
 She
speaks the corporate language, having worked with energy
companies and clients, such as the New York Stock Exchange and
Goldman Sachs. Add that to her knowledge of McCombs from her
two-year service as senior associate director for MBA Career
Services, and Carolyn Miles is a natural fit as the
Office of Resource Development’s new director of corporate
relationship management. Miles received her master’s degree in
international affairs from Columbia University and a bachelor's
degree in political science from Indiana University. Prior to
coming to McCombs, she managed public policy issues for
high-level clients at Public Strategies, Inc., advised companies
on strategic communications surrounding issues of investor
relations and mergers and acquisitions for The Abernathy
Macgregor Group, and worked as an energy consultant with
Cambridge Energy Research Associates.
Get the full story.
 Texas
Evening MBAs Win Venture Competition at Carnegie Mellon
Texas Evening MBA students Divakar Jandhyala (above right) and Ranjit
Nayak (below right) won first place at Carnegie Mellon University’s McGinnis
Venture Competition, which aims to bring new technologies to
market through entrepreneurship. Teams from 26 top international
and U.S. business schools participated in the competition March
15-17. The McCombs School team placed in the technology track,
winning $25,000 cash and $20,000 in business services as well as
an automatic bid in the Global Moot Corp competition held May
2-5 in Austin. Jandhyala
and Nayak’s winning idea is eVapt, Inc., an early-stage software
startup focused on delivering operational efficiency solutions
to the rapidly growing Software as a Service (SaaS) market.
Get the full story.
Read story in Austin Business Journal.
Business Honors Student Earns Texas Exes
President’s Leadership Award
 Sarina
Hickey, a BHP student majoring in finance and Spanish, was
one of six undergraduates to win a 2007 Texas Exes President’s Leadership Award. The
prestigious award highlights individual
students for consistently going above and beyond the call of
duty, representing character, leadership and integrity and improving
The University of Texas at Austin. With the award, Hickey
receives $1,000 and a lifetime membership in the Texas Exes.
P&G Executive Says Information Management
Important Aspect in Future of Marketing
With new technologies surfacing faster than ever and consumers
looking at various media channels for product information,
Procter & Gamble is constantly deciding which future
technologies to bring into the company’s marketing strategy and
how to implement new technology at the right speed. Tony Tsai,
general manager of retail innovation for global operations at
Procter & Gamble, and Bob Johansen, senior fellow at the
Institute for the Future, discussed some of these current
challenges March 21 at “The Future of Business: Connecting with
Generation Next” panel.
Get the full story.
 Cove
Helps Study Phenomenon of “Helicopter Parents”
They are called helicopter parents. They hover over their
child to make sure the child completes his homework, wakes up on
time and speaks directly with professors about grades or other
issues. In some cases, the parent even does the student’s
homework. Lauren Cove, special
programs coordinator in the Undergraduate Programs
Office who earned a master of education degree in educational
administration in 2006, helped conduct a study on the issue that focuses on five types
of hyper-involved parents: the “consumer advocate,” the “only
want what’s best for my child,” the “helopat,” the “entitlement
advocate” and the “vicarious college student.”
The study is the subject of a feature story on The
University of Texas at Austin homepage this week.
Get the full story.
In
the News:
Austin to Remain Relatively Unscathed During Subprime
Mortgage Crisis
Austin American-Statesman, March 25, 2007
As if Austin’s excellent economy wasn’t impressive enough,
new reports indicate that it has also managed to dodge the worst
of the “subprime bullet” afflicting other cities. Prospective
home buyers possessing poor credit are finding it increasingly
difficult to get a mortgage in many U.S. cities, including
Houston. This causes builders to put up fewer entry-level homes
as the pool of buyers shrinks, which affects the resale market.
Lenders are going to look for a better credit score and more
income, and that’s going to hurt the housing market, said
Greg Hallman, finance lecturer. “The degree to which it’s
going to hurt—that’s what we don’t know yet.” Despite Austin’s
remaining relatively unscathed by this phenomenon, it won’t be
totally impervious. Whatever the effect, “we are going to feel
that in Austin,” Hallman said. “We are going to feel that
all over.”
Get the full story.
 Wharton Wins MBA Open MIC Challenge
The Wharton School at the University of Pennsylvania won first
place as well as $5,000 and access to the South by Southwest
trade show at the second annual MBA Open Music Industry
Challenge March 16. Rice University took second and New York
University placed third. The challenge, hosted by the Sports,
Media and Entertainment Association at the McCombs School,
allows MBAs from the nation’s top business schools get an
up-close look at the music industry.
McCombs School Job Postings:
See past issues of McCombs Weekly.
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