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 Koonce Elected to UT Austin’s Academy of Distinguished Teachers
Professor Lisa Koonce of the Department of Accounting
has been elected to the Academy of Distinguished
Teachers. The Academy was established in 1995 to recognize
tenured faculty members who have made sustained and significant
contributions to education, including a distinguished teaching
record. There are only a few faculty members selected for this
prestigious award every year, and Koonce is the ninth McCombs
professor to be so honored. Current McCombs faculty who are
members of the Academy are Professors Anitesh Barua, Keith
Brown, Michael Granof, Ross Jennings, Jay Koehler,
Prabhudev
Konana and Robert Prentice. Congratulations to Prof. Koonce on this well-deserved recognition.
2007 Global Moot Corp® Competition
Launches This Week at McCombs
 Spring in Austin means the Global Moot Corp
Competition takes center stage for another year. Since 1984, teams of
graduate students have been making this the most compelling
business competition there is. Come watch all the action May
2-5 as 35 teams from around the world compete for this year’s
title.
Get the full story.
Emily Shafron, MPA ’07, Selected for Prestigious GASB Internship
 MPA student Emily Shafron has been selected for a
one-year Postgraduate Technical Internship (PTI) with the
Government Accounting Standards Board (GASB) in Norwalk, Conn.
Competition for the internships is intense, with only three
applicants selected nationwide each year. Candidates for the PTI
program must be nominated by a member of their school’s
accounting department and approved by the dean or department
chairperson. Accounting Professor William Kinney, who nominated Shafron,
said she was the ideal candidate. “During her undergraduate
program in corporate finance at McCombs, Shafron maintained a
3.88 GPA while working two part-time jobs and has maintained a
4.0 GPA in her graduate accounting classes,” Kinney said. “She
also displays a maturity and ability to deal with ambiguity and
conflicting objectives that will serve her well at the GASB.”
Get the full story.
 Six
Named to McCombs Advisory Council
New Advisory Council members will begin their terms Sept. 1, 2007. The new members, chosen from 44 nominees,
are: R. Paul Kinscherff, MBA ’85, MAF ’85,
and vice president
of finance and treasurer at the Boeing Company; Hugh E.
“Skip” McGee III, JD ’84, managing
director and head of Global
Investment Banking at Lehman Brothers; Roderick N.
Reed, MBA ’80, vice chairman of Investment Banking at JP
Morgan Securities; Thomas L. Ryan, BBA ’87, president and
CEO of Service Corporation International;
Stacy J. Smith, BBA ’85, MBA ’88, vice president
and CIO at
Intel Corp.; and Gary M. Weed, MBA
’89, vice president and downstream controller at Exxon Mobil
Corp.
McCombs Undergrad Advances to Global
Finals of Student Entrepreneur Competition
Tim Hamilton, MIS senior, won first place in the Global
Student Entrepreneur Awards regional competition. In addition to
receiving a $1,000 award, Hamilton earned an all-expense paid
trip to Chicago to compete in the global finals in November.
Hamilton won the competition by presenting his company, Astonish
Designs—a graphic design, marketing and Web development company
he founded when he was 16 years old. For Hamilton, the most
rewarding aspect of the competition was spending a few hours
networking with the 10 judges, all of whom were entrepreneurs. “It
was rejuvenating because I was becoming burnt out with my
company, but hearing that people have the same problems running
multi-million dollar companies was refreshing,” said Hamilton.
McCombs Student and Alumni Profiled by
Forte Foundation
 The
Forte Foundation, an organization dedicated to inspiring women
to pursue business careers, recently featured profiles on three
phenomenal McCombs women in its most recent newsletter. Jamie
Lipmann, marketing senior; Sara Martinez Tucker, MBA
’79; and Heather Kennedy, MBA ’99, discussed
opportunities to positively influence the world
through business. Whether it's working on corporate social
responsibility issues, public policy or a combination of both,
these women have used their careers to affect social change.
Read the profile on Jamie Lipmann, marketing senior.
Read the profile on Sara Martinez Tucker, MBA ’79.
Read the profile on Heather Kennedy, MBA ’99.
Texas Monthly Publisher Says Media Should Be a Time Magnet
 According to Michael Levy, founder and publisher of
Texas Monthly magazine, to be successful in the media business,
you have to compete for people’s time. “We’re all in time
poverty. You don’t like to shop as much as you did 20 years
ago,” Levy said at the McCombs School’s VIP Distinguished
Speaker Series April 19. “Everybody works harder today than they
did years ago.”
Get the full story.
In
the News:
The Cost of Peace of Mind
Yahoo! Finance, April 26, 2007
Jim Schenke is a married 40-year-old home owner with a
toddler. He makes an extra payment each year toward
his fixed-rate, 30-year mortgage. But he doesn’t contribute to his employer’s
403(b) plan. “The
only company I owe money to is my mortgage lender, and I’m going
to be beholden to them for as short a time as I can be,” he
said. But a new study
suggests Schenke might be better off putting that extra cash
into his company’s retirement plan. Researchers, including
Jennifer Huang, McCombs assistant finance professor, found that at
least 4 in 10 homeowners would build more wealth by putting
additional mortgage payments into a tax-deferred retirement
plan, such as a 401(k) or 403(b).
Switching the money to retirement savings would save U.S.
households up to $1.5 billion a year, they estimate. “We’re not
telling people they should save more—the study is about
making optimal use of savings,” said Gene Amromin,
financial economist with the Federal Reserve Bank of Chicago,
and Huang’s co-author.
Get
the full story.
McCombs School Job Postings:
See past issues of McCombs Weekly.
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