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Hermes Spring Fling
Set for April 19. Don't Miss it!
The Hermes Spring Fling will be held Thursday, April 19,
from 3 to 5 p.m. Join the McCombs community for food,
free Blue
Bell Ice Cream, T-shirts, fun games, great prizes and special
musical guests Carolyn Wonderland & Shelley King. Events will be
held in the Atrium, the 3rd floor Special Events Room, the Hall
of Honors and the 21st Street Plaza.
Get the full story.
Four
from McCombs Earn Endowment Appointments
The following endowment appointments have been approved by
the provost effective Sept. 1, 2007: Robert Parrino
(right)—Lamar Savings Centennial
Professorship in Finance; Michael Clement—KPMG
Faculty Fellowship in Accounting Education; Raji Srinivasan—The
Spurgeon Bell Centennial Fellowship; and Frenkel ter Hofstede—Collins
Hill Jr. Fellowship. Congratulations to these recipients for
being recognized for their contributions to the McCombs School
of Business.
Kusin and Konana Discuss Issue of
Offshore Outsourcing
The issue of offshore outsourcing by U.S. firms continues to
be a hot-button topic of discussion. Recently, Gary Kusin, BA ’72
and former CEO of
FedEx Kinko’s, and Prabhudev Konana, associate professor
in the Department of Information, Risk, and Operations
Management at McCombs, discussed Konana’s research on the
subject for a radio segment now appearing on American Airlines
in-flight entertainment.
Listen to Audio (Under “Enterprise Report.”)
Six Selected to be Inducted into University of Texas Alumni Elite
by Texas Exes
The Texas Exes announced the 2007 University of Texas
Distinguished Alumnus Award recipients. Of the six chosen, three
are business school alumni: Ambassador Tony Garza, BBA ’80 is the
U.S. ambassador to Mexico and the former
chairman of the Texas Railroad Commission; Mark McLaughlin, BBA ’52, is a successful rancher,
banker and attorney in the San Angelo area; and Charles Tate, BBA ’68, is the chairman and founder of Capital
Royalty, L.P., a private equity firm in Houston targeting investments in
the health care industry, and is also a member of the McCombs School
of Business Hall of Fame. The six recipients will be honored at
a presentation in Austin on Sept. 28, 2007.
National Geographic CEO Says Mission is Bringing World to Readers
As CEO of the National Geographic Society, John Fahey says
the mission behind his organization is not necessarily driving
circulation rates up but promoting geographic knowledge and
conversation about the world’s cultural, historic and natural
resources. “Ultimately, we are not in the magazine business,”
Fahey said at his April 5 VIP Distinguished Speaker Series talk.
“We are in the business of bringing the world to people.”
Get the full story.
In
the News:
Texas Fights Accounting Rules to Disclose Future Retiree
Benefit
Associated Press, April 6, 2007
Proposed legislation in Texas seeks to block new national
accounting rules that require state and local governments to
disclose for the first time the projected costs of future
retiree health care and other benefits. State lawmakers arguing
that the measurement methods for these debts are flawed seem to
be forgetting that financial statements are littered with
estimated numbers, said Michael Granof, accounting professor
at McCombs. “Just because sometimes an estimate for liability
might be $80 million and another time it could be $90 million,
both are a lot closer to the actual value than zero, which is
how much the state officials would like reported,” Granof said.
Get the full story.
Students Win $25,000 at Oak Ridge National
Labs Competition
A team from The University of Texas at Austin won $25,000 at
the Nano Idea to Product competition held at Oak Ridge National
Laboratory April 2-4. The business contest brought together 15
teams from 12 universities to pitch nanotechnology-based
products and business concepts to a panel of judges from
industry, academia and venture capital firms. The team’s winning
concept is an intelligent, nano-sized drug-delivery device,
known as NANOTaxi, which can target tumor cells and release an
FDA-approved drug only in the presence of a cancer-specific
enzyme. Formed in a class at the McCombs School of Business, the
team includes Nicholas Rojeski, MBA
’07, and three others from UT Austin—two students from
engineering and one from physics. “While we are a seed-stage
company, the NANOTaxi could potentially improve cancer
treatment as we know it,” said Rojeski.
McCombs School Job Postings:
See past issues of McCombs Weekly.
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