McCombs School of Business
The Lyceum Speaker Series, sponsored by the Master’s in Professional Accounting (MPA) program, integrates graduate accounting studies with current issues in accounting practice, enabling graduate accounting students to interact with senior professionals in the field. Each of the speakers in the Fall 2005 series will focus on the theme of integrity. Integrity is an ethical pillar of the accounting profession. It determines what, where, and how cost, financial, and tax data are reported. It governs fundamental relationships among accountants, managers, investors and tax authorities. It guides academic research, scholarship and coursework. The Lyceum Speaker Series takes place each Wednesday from 5-6 p.m. in the San Jacinto Dormitory auditorium.

U.S. Comptroller General Asks MPAs to Do Better than Satisfactory
by Kate McCann

According to Paul Anderson, the CEO of Duke Energy, “Life is either an exciting adventure or nothing at all.” Speaking at the McCombs School of Business Feb. 8 as part of the VIP Distinguished Speaker Series, Anderson said that he gained several important things from business school, such as confidence.

The rest, though, he learned along the way. In his remarks, Anderson shared life lessons about personal development and career success with nearly 500 undergraduates.

For one thing, said Anderson, employees must be sure to deliver the results they promise. “In the world of business, there are two things: results and reasons,” he said. “Only your mother cares about reasons.”

“Know your limitations,” Anderson continued, “but don’t let those limitations limit you.” Nobody is going to take you by the hand and be consistently interested in your career, he added, so it is up to you to make your way, being ethical, being polite, and using correct grammar and spelling.

There is a clear distinction between authority and responsibility, and it is best to seek responsibility in the workplace. The authority will follow, said Anderson. He instructed students to make the most of their job, no matter how bad it may seem.

In a pithy moment, Anderson noted that people should “marry well or marry often,” and discussed the importance of marrying a person with whom you may share your personal and professional lives.

Anderson told a personal anecdote about accepting a job as CEO of BHP Billiton and moving to Australia to help a struggling company turn itself around. Through this experience, Anderson said, he learned the importance of communicating effectively. “People know the answers,” he said. “You only have to let them out.”

People should attack every task with passion, said Anderson, and not be seduced by power. As Duke Energy continues to improve, it is clear that Paul Anderson lives by his own words.


For information on specific programs at the McCombs School, consult our contacts page. For media information, contact the Communications Director by phone at 512-471-3314 or by email at CommunicationsDirector@mccombs.utexas.edu.
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