The University of Texas at Austin
McCombs Weekly Vol. 9, No. 11 April 4, 2007   
McCombs School of Business
 

Koehler Discusses Lack of “Science” in Forensic Science at Faculty Research Presentation
Don’t believe everything you see on CSI. That was the message delivered by Jay Koehler in his presentation for the Faculty Research Speaker Series March 27. Actually, Koehler is more concerned with the work of real-life forensic scientists than with the fictional ones found on the hit CBS television franchise. “Forensic science isn’t quite as good as most of us have been led to believe,” said Koehler, a professor in the Department of Information, Risk, and Operations Management.
Video: Watch Prof. Koehler's Faculty Research Series presentation on forensic science.
Get the full story.

Nine Faculty Members Awarded 2006-2007 McCombs Research Excellence Grants
The McCombs Research Excellence Grant program recognizes and promotes research excellence in the McCombs School by supporting influential and high- quality faculty research projects. The grants are awarded based on competitive project proposals and can be used to cover substantive research expenses (such as data-gathering costs, graduate assistantships and database purchases). Criteria for awarding the research grants include the novelty and likely academic impact of the proposed research, potential to significantly enhance the research reputation of the faculty and the school and prospects for facilitating collaboration among faculty members.
Get the list of awardees and their research projects.

In the News: U.S. News Releases Annual Graduate School Rankings
U.S. News & World Report, March 30, 2007
U.S. News & World Report released its annual rankings of graduate programs March 30. The full-time MBA program at McCombs was ranked number 18 for the third year in a row. The Department of Accounting was ranked No. 1 in the specialty section after being listed at No. 2 last year. Other programs and departments at McCombs were ranked as follows: executive MBA, No. 14; MBA for working professionals, No. 25; entrepreneurship, tied at No. 8; finance, tied at No. 14; information systems, No. 3;international, tied at No. 14; management, No. 19; marketing, tied at No. 10; and productions/ops, tied at No. 15.
Get the full story.

In the News: New Century files for Chapter 11 Bankruptcy
CNN Money, April 3, 2007
New Century Financial Corp. said Monday it will immediately cut 3,200 jobs, or 54 percent of its work force, as part of its Chapter 11 bankruptcy reorganization. The Irvine, Calif.-based company also said it agreed to sell its servicing assets and platform to Carrington Capital Management LLC for $139 million, subject to bankruptcy approval. Greg Hallman, a lecturer on real estate finance at McCombs, said the New Century bankruptcy put an exclamation point on the era of investing in securitized subprime debt. “It’s probably over for the time being,” said Hallman. “That market worked for as long as investment banks provided funding. The banks have cut the money off.”
Get the full story.

In the News: Best Business Recruits Revel in Perks
USA Today, March 27, 2007
Times are good for top business graduates. Employers are raising their recruiting efforts to include incentives, such as education assistance, time-off flexibility, casual dress—even pet insurance. McCombs PPA student Jeremy Gottlieb won’t graduate until May, but he has already acquired a job and a sizeable signing bonus with Ernst & Young in Houston. Gottlieb has been wooed by various corporate suitors since his sophomore year at The University of Texas at Austin but chose Ernst & Young because he wanted a larger company with more training opportunities. “It’s a candidate-driven market, and there are so many jobs available,” Gottlieb said. “It's exciting to have so many opportunities to work at so many companies.”
Get the full story.

Three Students from McCombs Named “Alpha Females” by Burnt Orange Magazine
In an environment where murmurs of glass ceilings and gender inequality still exist, McCombs female students are committed to silencing the critics. Burnt Orange, the student magazine at The University of Texas at Austin named three of those women “Alpha Females” in its spring 2007 issue. Montoya Lewis, management information systems senior, created the Black Business Students Association (BBSA), which, since its inception in 2005, has grown into a leading organization, bringing in corporate representatives and sponsors such as GE, Microsoft and General Mills. Christine Nguyen, BHP, finance, Plan II and government senior, traveled to Vietnam in 2004 in hopes of gaining an understanding of the difficult realities others face. Her two-month journey, which included volunteering at an all-girls orphanage and helping sex-trafficking survivors regain self-confidence, motivated her to form the Southeast Asian Children’s Coalition, which provides scholarships to survivors. Kate Nanney, BHP, finance and Plan II senior, has risen to the top of UT Austin’s political game as the chair of the Senate of College Councils, where she leads 17 college councils and represents students’ academic needs to the administration.
Read the full profiles.

In the News: Alumni Alter Hours to Peddle Products to High-End Housing Market
Houston Chronicle, March 24, 2007
Changing store operating hours was the first order of business for Tolar Hamblen, BBA ’76 and James Cozby, BBA ’73 and MBA ’75, when they purchased Houston’s Kiva Kitchen & Bath in 1998. Hoping to cater to custom home builders, interior designers and architects rather than retailers, their hours changed from 9 a.m. to 9 p.m., to 8 a.m. to 6 p.m. The switch was smart as they’re now competing in the upper 50 percent of the market. “The best thing about our store is that people walk in and find experts all in one location. Instead of the customer running around for three to four days, trying to line up appointments, they can come here for three to four hours,” Hamblen said.
Get the full story.

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