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 Texas MBA Team Yields to Yale
in Finals of CNBC’s MBA Challenge,
Presides Over Closing Bell at NASDAQ
After defeating MIT and Columbia in the first two rounds of CNBC’s “Fast Money MBA
Challenge”
Team Texas
yielded to Yale in the finals, appearing live before a national audience at NASDAQ’s Times Square
headquarters August 22. Throughout the day leading up to the final
show, the four from Texas—Ben
Jones, Tim Killgoar, Justin
Sander and Chris Semain—made
appearances on the cable business network,
presided over the
closing bell at NASDAQ and represented McCombs with class,
enthusiasm and grace under pressure.
Get the full story.
Watch the finals versus Yale.
Watch the second-round show versus Columbia.
Watch the first-round show versus MIT.
In the News:
Anderson Co-Authors Long-Awaited Textbook on Internal Auditing
Dallas Morning News, Aug. 22, 2007
 Nearly 200 people gathered recently in Dallas to
celebrate the publication of the book,
“Internal Auditing:
Assurance and Consulting Services.”
The co-authors,
including Urton Anderson, chair of the Department of Accounting,
came from around the country to show off their pride and joy.
Why is there such rejoicing? World-class business scandals have
created heightened demand for internal auditors, and yet the
profession has operated for decades without a contemporary
textbook.
Get the full story.
 Raghunathan
Receives Prestigious National Science Foundation Award
Raj Raghunathan, associate professor
of marketing, has been awarded a $442,000 National Science
Foundation Faculty Early Career Development (CAREER) award
for his research in consumer behavior. Raghunathan focuses on the implications of the theory that
consumers believe there is a negative correlation between how
enjoyable a product or activity is and how useful or practical
it is. He has termed this the
“more fun equals less good”
intuition. Only one in 20 applicants receive the CAREER
award. For applicants
from business schools, the acceptance rate is even lower. Raghunathan,
however, urges junior faculty to
consider applying.
“Business application-oriented research can have significant real world
impact, and it’s important for us to get NSF’s attention,”
he said.
Get the full story.
McCombs Welcomes New Professors for
2007-2008
 This week,
12 new faculty members start their McCombs teaching and research
careers. Please welcome Francisco Perez-Gonzalez and Clemens Sialm to the
Finance
Department; Rohit Deo, Dain Donelson,
Kumar Muthuraman,
and Canan Ulu to
IROM; Emily Tara Amanatullah
and
Jennifer Whitson (left) to the Management
Department; and
Jade DeKinder, Ty Henderson,
Raghunath Rao and Ying Zhang
to the Marketing Department.
Meet the new faculty.
In the News:
Too Many Studies
Use College Students
As Their Guinea Pigs
The Wall Street Journal, Aug. 10, 2007
 Many
research results that make news are derived from studying a
narrow population: college students. But college students aren’t
representative by age, wealth, income, educational level or
geographic location.
“What if you studied 7-year-old kids and made
inferences about geriatrics?”
asked Robert Peterson, McCombs marketing
professor.
“Everyone would say you can’t do that. But you can
use these college students.”
Peterson scoured the literature for examples of studies that
examined the same psychological relationships in students and
non-students. In almost half of the 63 relationships he examined,
there were major discrepancies between students and non-students.
Get the full story.
 In the News:
Texas MBA Ranked #14 in Forbes
Forbes,
Aug. 16, 2007
In Forbes' biennial ranking of full-time MBA
programs, McCombs was ranked No. 14 overall and No. 3 among
public schools. Forbes bases its rankings on return on
investment as decided by e-mail surveys of alumni who graduated
five years ago (in this case, the Class of 2002). Forbes compares
post-MBA compensation with opportunity costs—i.e., tuition
during the program and forgone salary. Salary figures are
adjusted to account for cost-of-living expenses and earnings
gains are discounted using a rate tied to money market yields.
The ranking also looked at the MBA gain as a percentage of
expenses; here, McCombs ranked No. 8 overall and No. 2 among
public schools at 62 percent. In terms of years to payback,
McCombs tied for No. 6 at 3.4 years.
Get the full story.
In the News: Dell’s Investigation Reveals Numbers
Manipulated to Meet Goals
Associated Press, Aug. 17, 2007
After an internal accounting
investigation, Dell announced some employees
had misled the company’s auditors and manipulated results to
meet performance goals for more than four years. Dell said net
income for all of fiscal 2003 through 2006 and the first quarter
of fiscal 2007 would be reduced by $50 million to $150 million.
Though the amounts are relatively small for a $55 billion
company, the admission points to the constant challenge
companies face to meet earnings goals, said Michael Granof,
McCombs accounting professor.
“Clearly there was considerable pressure on people
at all levels to meet certain performance expectations," he
said.
“That meant playing fast and loose with some of the
numbers.”
Get the full story.
McCombs School Job Postings:
See past issues of McCombs Weekly.
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