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McCombs Hall of Fame Welcomes Four New Members
 The
McCombs School of Business Hall of Fame inducted four prominent
leaders Oct. 26 at a ceremony at the Driskill Hotel.
The 2007 honorees are: Frederick B. Hegi Jr.,
founding partner of Wingate Partners, a Dallas-based private
equity investment firm; William R. Johnson,
chairman, president and CEO of H.J. Heinz Company; Red
McCombs, chairman and founder of Red McCombs Automotive
Group and co-founder of Clear Channel Communications; and W.A. “Tex” Moncrief Jr.,
an independent oil and gas producer involved in exploration,
development and production.
Get the full story.
In the News:
How to Tell When Yes Really Means No When
Doing Business in India
The Wall Street Journal, Oct. 31, 2007
 “No” may mean no, but
Americans doing business in some countries find that
“yes” can also mean
no. Saying
“no” is a nonstarter
in lots of cultures. In parts of the Mideast it is considered
inhospitable to refuse someone outright. The sensitivity
stretches eastward, even to China. It’s a sharp contrast to
blunt-spoken American business culture. Vijay Mahajan,
McCombs marketing professor, thinks the
phenomenon in India may have more to do with the job market than with the
country. Mahajan sees India as a place where opportunities to
succeed are more limited—and
where saying
“no” can be viewed as
a deal-breaker.
Get the full story.
Related story: Plus Program Provides Tips for Success in India
Ambassador Extends Diplomacy to MPA Students at Lyceum
 Ambassador Gregory Engle strengthened
diplomatic ties with the McCombs School when he spoke to
accounting students as part of the Fall 2007 Lyceum Speakers
Series. After a long career in the State Department and
attaining the title of ambassador, Engle was posted in Iraq
where his standing gave him some of the privileges a general would have, such as
helicopter flights into the fortified Green Zone. “You throw the
word ‘ambassador’ in there and you will see soldiers stand up
fast,” said Engle.
“Nobody really knows what it means, but it sounds sexy as hell.”
Get the full story.
GE CEO Jeffrey Immelt to Host Live
Satellite Broadcast on “What Awaits Your Next”
 GE’s
Chairman and CEO Jeffrey Immelt will host a
live satellite broadcast from Cornell University to six business
schools across the country, including McCombs. The McCombs
broadcast will be from 4 p.m. – 5 p.m. on Nov. 12, in UTC
2.112a. Come early as doors close at 3:50 p.m. Join in a
conversation with Immelt as he takes questions and speaks on
“What Awaits You Next, ” including a discussion of major
macroeconomic trends for the next generation, success factors
for next generation business leaders and the importance of
“meaningful” work. If you would like to submit a question for
the broadcast, e-mail josh.karpf@ge.com by Nov. 6.
Get more information.
In the News:
Ex-Con Offers MPA Students Ethical Insights
The Daily Texan, Nov. 1, 2007
Harvin C. Moore III learned a few ethics lessons during his
rise and fall from a Texas business leader to a convicted
white-collar criminal. In the 1990s, Moore was sentenced to two
years in a federal prison for committing fraud. “I came to the
conclusion of my wrongdoing in the courtroom,” he said. “I
had to quit looking at it through rose-colored glasses.”
Speaking at the MPA program’s Lyceum Speaker Series Oct. 31., Moore
said that ethics in the accounting profession are now absolutely
critical. Stephen Limberg, director of the MPA
program, said he believed Moore provided a real-world example of
how accountants face ethical dilemmas not normally associated
with the profession. “I cannot fathom ethics not being a real
important part of our training. Moore’s story fit the bill
perfectly,” Limberg said.
Get the full story.
 BHP Student Receives Prestigious
Award
Dustin Deas, business honors and finance
senior, received the Texas Parents’
Association Outstanding Student Award at a ceremony held Oct.
26. The award was established in 1951 to recognize student
leadership on campus and is given to only two students each year
(one male, one female). Deas has been involved in the Longhorn
Band, Tejas Club, Texas Cowboys and the President’s Council.
Congratulations to Dustin!
Cross Country Star Named to
All-Academic Team
Ryan Wilson, a fifth-year Texas MPA student, was named to
the 2007 Academic All-Big 12 Men's Cross Country First Team.
Wilson is a repeat selection after being named to the 2006
academic squad.
Get the full story.
In the News:
Phurnace Heats Up, Expects to Exit
Incubator Soon
Austin Business Journal, Oct. 26, 2007
Austin-based Phurnace Software, the 2006 winner of the
prestigious Moot Corp competition hosted annually by McCombs, is
ready to burst onto the information technology scene. Boosted by
$1.33 million in venture capital, company leaders expect to be
out of the Austin Technology Incubator and to double their
workforce to 20 people by spring.
Get the full story.
In the News:
How to Download the McCombs Logo or Order McCombs Business Cards
McCombs logos may be downloaded directly from the McCombs Web
Site. From the McCombs home page, click on Technology
Resources on the bottom right. Then, click on the McCombs Logo
Download link, which takes you to the
logo download site. On the left link, click on Logo
Download. You may also use the search tool on the McCombs site
to find the logo download site. If you use the keywords, “logo
download,” it will be the first link that appears. A new online
ordering system for McCombs business cards is also available on
the
UT Printing site (see left navigation bar).
Butler and Graebner Take Part in Blanton Museum of
Art Exhibit
John Butler, management professor, and Melissa Graebner,
assistant management professor, discussed the entrepreneurial aspects of
Mike’s World,
a current installation at the Blanton Museum of
Art at an Oct. 25 event. Attendees learned about the entrepreneur as an icon of
American culture. The exhibit will be at the Blanton until Dec.
30.
McCombs School Job Postings:
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