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executive
Culverhouse College of Commerce Magazine
China
Connection
the
Appalachian Trail
Spring/Summer 07
executivecontents
the
executive
Culverhouse College of Commerce Magazine
Spring/Summer 2007
Vol u m e 1 2 Iss u e 1
The Executive is published
twice annually, in the spring
and fall, for alumni and friends
of The University of Alabamas
Culverhouse College of
Commerce and Business
Administration.
Dean:
J. Barry Mason
36
Graphic Design:
Sharon Waites
Office of Publications
The University of Alabama
Contribuiting Writers:
Bill Gerdes,
Chrishan N. Emonina,
Carolyn M. Rhodes
Contributing Photographers:
Laura Shill, Rickey Yanaura,
Zack Riggins, Chrishan N.
Emonina
Office of Development,
Alumni, and Corporate
Relations:
Charlie Adair, Diane Harrison,
Lindsey Blumenthal, Susan
Newman, Amy Henderson,
Paige Leonard
Comments, suggestions,
questions: (205) 348-8318
bgerdes@cba.ua.edu
Editor:
William R. Bill Gerdes
Culverhouse College of
Commerce and Business
Administration
Box 870223
Tuscaloosa, AL 35487-0223
2 Deans Message
16 Rolling Stone
18 The China Connection
22 Dr. Qixiang Sun
26 Florida College Dons a Bit
of Crimson
28 Crimson Connection
29 Capstone Business Academy
30 Newsmakers
33 Barbon Institute
34 Whats In the Bag?
deansmessage
El e m e n t f o r S ucc e ss
J. Barry Mason
Dean and Thomas D. Russell Professor of Business Administration
Forging partnerships is a crucial
ingredient in the success we enjoy
at the Culverhouse College
of Commerce.
Our faculty members join forces
to research the most up-to-date
business theories and practices, and the
principles of collaboration and team
building are an integral part of our
curriculum at both the undergraduate
and graduate levels.
Our students learn firsthand
and early on the importance of
partnerships and teamwork, and we
would be in sad shape without the
sense of partnership we have with our
alumni and friends whose dedication,
commitment and contributions have
such a tremendous impact on our
students and our never-ending quest
for excellence.
About 15 years ago, a report on
the accreditation of business schools
said, The familiar arms length
relationships between competing
schools in academia are being
transformed into a sea of alliances,
partnerships and contact arrangements
that break convention and shift market
share in the process. Those words are
even more pertinent today.
While we often are engaged in
competition for students, business
schools across the country are
beginning to realize some success
through cooperation between each
other and with two-year colleges,
which makes it easier for students to
earn a four-year degree without
leaving home.
Likewise, we are seeing new
patterns of cross-disciplinary programs
S p r i n g / S umm e r
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cba . ua . e d u
By Lee Pike
Professor and Head of the
Angelo Bruno Business Library
The reference services area of the Bruno Business
Library is named the Thomas Jefferson Jones III
Reference Area in recognition of the library excellence
endowment established in the Culverhouse College of
Commerce and Business Administration by Jeff and
Faye Jones, of Point Clear, Ala. The endowment honors
the memory of their son, Thomas Jefferson Jones III.
The sculpture was created by master sculptor
Stephen C. Spears at his studio in Fairhope, Ala., and
B r o n z e S culptur e A dd e d
t o B ru n o L ibrar y s J o n e s R e f e r e n c e A r e a
Visitors to the Angelo Bruno
Business Library can now
enjoy viewing a beautiful
and meaningful work of art.
A bronze sculpture
commissioned as a
memorial to Thomas
Jefferson Jones III has
been installed in a
prominent position in
the reference area on the
main floor of the library.
Editors note: Thomas Jefferson Jones Jr., father of Thomas Jefferson Jones III, died Friday, February 9, 2007. The family requests that
any donations be made to the Thomas Jefferson Jones III Memorial Library Excellence Endowment fund at The University of Alabama.
cu l v e r h o us e
c o l l e g e
o f
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B uildi n g
onBaptists
Success
H o s p i ta l s N e w A d m i n i st r at o r
K n o w s It s H i s Em p l o y e e s W h o
M ak e
All
cu l v e r h o us e
c o l l e g e
o f
c o mm e r c e
t he
Di f f e r e nc e
Faulkner, a 1990 graduate
of the Culverhouse College
of Commerces health care
management program, believes
in attention to detail, in topto-bottom teamwork, in a
positive work environment and
in employee ownership of
their institution.
And that collective philosophy
has been nurtured, and ingrained,
during his past 14 years as a Baptist
employee.
Starting as an administrative
resident under Al Stubblefield,
current president and CEO
of Baptist Health Care Corp.,
Faulkners rise in the organization
has been swift.
His promotion to
administrator came after a stint as
2 0 0 7
cba . ua . e d u
Ta k i n g t h e
S c e n ic R o ut e
By Chrishan N. Emonina
cu l v e r h o us e
c o l l e g e
o f
c o mm e r c e
S p r i n g / S umm e r
on
2 0 0 7
page
10)
cba . ua . e d u
(continued
from
page
9)
Relfe, a former Boy Scout,
was the only one in his family
who loved the outdoors. My
parents were hesitant at first. I
got my mom on board and then
slowly worked on my dad, Relfe
said. They saw how serious I
was about doing the hike. They
eventually came around and
were very supportive.
After gaining his parents
approval, he began preparing
for the hike. At the time, Relfe
weighed 270 pounds. I began
eating healthier and exercising
every day. Before the trail, the
longest hike that I had been on
was 10 days. I knew that I had to
build up my strength, he said.
Before long, the fall semester
of Relfes sophomore year was
complete. In anticipation of the
Appalachian Trail hiking season,
which begins in February and
lasts until mid-April, Relfe put his
education on hold for the 2006
spring semester and continued to
prepare physically and mentally
for the hike.
On Sunday, February 26,
2006, driven by his mother to
Georgia, Relfe set out on the hike
after spending the night at a hiker
hostel. Hostels, found at different
points along the trail, provide
shelter where hikers can rest, eat
and shower.
The hike would take Relfe five
months and 18 days to complete.
10
cu l v e r h o us e
co l l e g e
o f
I met some really interesting
people. Being from Alabama, I
have had limited interaction with
people outside the South. There
was a diverse group of people
hiking the trail. The majority
of people were recent college
c o mm e r c e
S p r i n g / S umm e r 2 0 0 7
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1 1
2
T h e E x t e r n al D e g r e e
S o ci e t y El e cts
J o h n R . D arli n g
L e as o r t o B o ard
Award e d t h e I n si g n ia o f C o mma n d e r
o f t h e Ord e r o f t h e L i o n o f F i n la n d
Glenda Leasor,
accounting specialist at
Order of the Lion of Finland by Tarja Halonen, president of the Republic of Finland.
arling received
the honor for
his work with
the universities
of Finland in
developing their business and
community relations and
in promoting the exchange
of researchers, teachers and
students between Finland and
the United States. The insignia
also recognized Darling for
the assistance he provided as a
consultant to Finnish business
firms during the past three
decades, during which he helped
them develop their export
marketing activities to adjust from
a focus on the markets of the
former Soviet Union to those
of Western countries.
The insignia was presented
during the opening 200607
academic year ceremonies of the
Helsinki School of Economics.
Pekka Lintu, Finnish ambassador
12
cu l v e r h o us e
co l l e g e
o f
c o mm e r c e
Degree Society.
The External Degree Program
is an interdisciplinary
undergraduate program through
which adults can complete
requirements toward a Bachelor
of Arts or a Bachelor of Science.
Leasor said the purpose of
the External Degree Society
is to support the program as
well as provide professional
development and advancement
of members, raise scholarship
funds and serve as a forum that
recognizes scholarship donors.
S p r i n g / S umm e r
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cba . ua . e d u
1 3
who have committed to the College and our cause through the
Commerce Executives Society. If you are included in this group, we thank
you for your support. If not, please consider a gift to the College.
T h a n ks f o r y o u r su p p o r t o f
Charlie Adair
Director of Development
Culverhouse College of Commerce
cadair@cba.ua.edu
(205) 348-4722
1 4
cu l v e r h o us e
co l l e g e
o f
c o mm e r c e
t h e C u l v e r h o us e C o l l e g e o f
C o mm e r c e , a n d p l e as e f e e l
f r e e t o c o n tact m e i f y o u
h a v e a n y q u e st i o n s r e g a r d i n g
o u r f u n d - r a i s i n g e f f o r ts .
Donors
List
J anuary 1 D ecember 3 1 , 2 0 0 6
donorslist
B id g o o d E x e cuti v e s C lub
Membership in the Bidgood Executives Club is open to all alumni and friends of C&BA. Membership
will be accorded to all those individuals and corporations that fulfill one or more of the following conditions:
contribute a minimum of $10,000 annually to the College or any of its academic programs
declare by appropriate means the intention to provide $100,000 or more to the college by bequest,
whole-life-insurance program, life-income agreement, or other deferred-giving instrument
AcuityBrands Lighting
Afflink
ALFA Foundation
PricewaterhouseCoopers
PricewaterhouseCoopers Foundation
J. R. Brunson Family
Wachovia Corporation
Supporting Organization
donorslist
donorslist
C h airma n s E x e cuti v e s C lub
D e a n s E x e cuti v e s C lub
The Deans Executives Club is made up of individuals and institutions that fulfill one of the following conditions:
The Chairmans Executives Club is open to individuals and corporations that contribute $1,000 to
$4,999 annually to the College or any of its academic programs.
contribute a minimum of $5,000 to $9,999 annually to the College or any of its academic programs
declare by appropriate means the intention to provide $50,000 or more to the College by bequest, whole-lifeinsurance program, life-income agreement or other deferred-giving instrument
IBM Corporation
Russell Corporation
Kimberly-Clark Corporation
Lowes
HealthSouth Corporation
Deloitte Services LP
Wal-Mart Foundation
BellSouth
Butch Hoover
Hewitt Associates
of America
donorslist
donorslist
S e n i o r E x e cuti v e s C lub
Charitable Foundation
Membership in the Senior Executives Club is bestowed upon individuals and institutions that contribute $550
to $999.99 to the College or any of its academic programs.
Mr. William Ervin Abernethy Jr.
ExxonMobil Foundation
Microsoft Corporation
Cingular Wireless
Honeywell Foundation
ISI LTD
Dominion Foundation
donorslist
donorslist
Mr. Fred Albert Dawson Jr.
Wachovia Foundation
E x e cuti v e s C lub
The Executives Club is open to individuals and institutions that contribute $275.00 to $549.99 to the College
or any of its academic programs.
Mr. Garry Wayne Abbott
PACCAR Foundation
Mr. W. H. Cooper IV
donorslist
donorslist
UBS Foundation
Bank of America
donorslist
Mr. Mims J. Cooper
Mr. and Mrs. Robert B. Cope
Mrs. Jill Bailey Cordle
Mr. James Vanis Corr
Dr. Jacob D. Corriher Jr.
Mr. H. Ken Cottingham
Mr. Dick Cowart
Mrs. Beverly Cunningham Cowden
Mr. David Wendell Cowden
Mr. Leland Marshall Cox Jr.
Mr. Thomas Wayne Cozart
Mr. Michael Alexander Crabb III
Mrs. Stacy C. Craig
Mr. Eric W. Crawford
Dr. Jean Greene Crawford
Mr. Robert Henry Crawford
Mr. Fred Brentson Creel
Mr. Dennis Keith Crews
Mrs. Jane Walker Crow
Mr. Joseph Patrick Crowell
Dr. Gertrude L. Crum
Ms. Laura Lynn Crum
Dr. William B. Crum
Mr. Allen S. Crumbley
Mr. Ronald J. Crump
Mr. Marshall Warren Culpepper
Miss Wanda Lois Curl
Mr. Derrel G. Curry
Mr. Frank DAmico III
Mr. Richard E. Daniels
Mrs. Shirley Darr
Mr. Stephen Dewitt Daughdrill
Mr. Blake Allen Davenport
Ms. Mary A. David
Mr. James Austin Davis IV
Ms. Leigh Davis
Mr. Richard K. Davis III
Mr. Ricky Davis
Mrs. Cynthia Godwin Dawson
Mr. George Edwin Deavours
Mrs. Frances Durdan DeBlasio
Mr. Todd M. Deffenbaugh
Mr. Ryan deGraffenried Jr.
Mr. Edward Taylor Deitz
Mr. William R. Delaney Sr.
Mr. Hampton Eugene Dempsey
Mr. Charles L. Denaburg
Mr. John W. Denman III
Mr. John William Denman Jr.
Mr. Kenneth C. DeWitt
Mr. Robert Morgan Dikeman
Mr. James E. Dockter
Mr. Walne Watson Donald
donorslist
Mr. Frank J. Donato Jr.
Mr. Eugene John Donsbach Jr.
Mr. Robert Scott Dooley
Mr. Kirksey Dortch
Mr. Robert Cotten Douglass Jr.
Mr. Charles Cleveland Drennon III
Mr. Edmond Bradley Dunlavy
Mr. Johnny F. Dunn
Mr. Warren G. Dunnavent
Mr. Hoyt Herbert Durham
Mr. John W. Durr
Mrs. Lake Tolbert Eakin
Mrs. Elizabeth James Earnest
Mr. Alan James Eatros
Mr. Stephen K. Eberhart
Ms. Paige Ebner
Mr. Charles Lee Echols
Mr. Eddie Echols
Mr. Claude D. Edwards
Mr. Leon W. Edwards
Mrs. Nancy Vinson Edwards
Mrs. Jan Josey Ehrhardt
Mrs. Leila Rosenfeld Einstein
Mr. John B. Elbin
Mr. William Elias
Mr. Brian Aubrey Ellis
Ms. Deborah M. Ellis
Mr. John Frank Ellis
Mr. William Michael Elmore
Mr. Robert Michael Eperjesy
Mr. Brad Robert Estess
Mrs. Sharon Senger Estess
Mr. Arthur McWane Fairley
Mr. James Bruce Faison
Mr. Joseph McConnell Farley Jr.
Mr. William J. Farquharson
Mr. Ted Farrell
Mr. L.O. Farris Jr.
Mr. James R. Faucett
Mr. Mark Thomas Faulkner
Mr. Mike Faunda II
Mr. William R. Feldhaus
Mr. Matthew Christopher Felis
Mr. J. Rodney Felts
Mrs. Ashley Serio Ferguson
Mr. James Lawrence Fillmer
Mr. Britton Ross Finch
Mrs. Holly Dukes Fine
Mr. Edwin Bryan Finison Jr.
Mr. William Harrison Finn Jr.
First Data Corporation
Mr. David Scott Fisher
Dr. I. Keith Fleisher
donorslist
donorslist
donorslist
donorslist
Mr. David Michael Stewart
Unilever
A dditi o n al C o n tribut o rs
The following individuals and corporations contributed up to $124.99 to the College or any of its
academic programs.
donorslist
donorslist
Entergy Corporation
Sanofi-Aventis
A number of people become members of the Commerce Executives Society through planned-giving instruments
such as bequests, whole-life-insurance programs, life-income agreements or other deferred-giving instruments.
Mrs. Emogene Evans
Mrs. Frances Nichols
Mr. Douglas Jackson Spencer
Mrs. Ada Outlaw Tant
Every effort has been made to ensure the accuracy and completeness of this list. If we have inadvertently omitted your name or listed
you incorrectly, please contact us by e-mail at ces@cba.ua.edu or by phone at (205) 348-4899.
Please note that as of June 1, 2006, some of our giving levels changed. In the interest of fairness, we listed the current giving-level requirements but
applied the previous requirements for people giving before June 1, 2006. In all future donor listings, the current giving levels will be appropriately applied.
Cu lve rh ou s e
Legacy
Pro g r am
UA graduation date:
Mother
Father
Address
City
State
ZIP code
Childs name
City
State
ZIP code
Please fill out one form per child. Make copies of the form if you need additional ones.
Note: The UA Office of Undergraduate Admissions uses Social Security numbers for
applicant tracking purposes.
Return completed form to Paige Leonard, The University of Alabama, Culverhouse
College of Commerce, Box 870223, Tuscaloosa, AL 35487-0223 or e-mail this
information to rleonard@cba.ua.edu.
S p r i n g / S umm e r
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Dr.
Stone
M a ry
Stone,
d i r e ct o r
C u l v e r h o us e
S chool
of
at
h as
The
been
of
of
n am e d
2007
the
A m e r i ca n
A ss o c i at i o n s
A cc o u n t i n g
1 6
cu l v e r h o us e
co l l e g e
o f
c o mm e r c e
t he
A cc o u n ta n c y
Univer s it y
t he
of
A l abama ,
winner
A cc o u n t i n g
Outsta n d i n g
E d ucat o r
Awa rd.
n
I feel so very fortunate that
I have had the opportunity
to work with so many good
people and had so many good
people to rely on, Stone said. For
me, that is what makes being an educator at The
University of Alabama the very best occupation
in the world.
Stone is a past president of the American
Accounting Association. She is also a member
of the Financial Accounting Standards Advisory
Council, the AICPA Accounting Standards
Executive Committee, the AACSB International
Accounting Accreditation Committee, and the
board of trustees of the Accounting Hall of Fame.
Everyone at the Culverhouse School of
Accountancy and the Culverhouse College of
Commerce has always supported me, especially
Dean Barry Mason, Stone said. Thats been
very important to my teaching and my research.
Stone said her service with the national
accounting organization has also been
highly beneficial.
One of the rewards of serving on the
Financial Standards Advisory Council was
getting to know University of Alabama alumni
such as Gary Fayard, the chief financial officer
for The Coca-Cola Company, and other
Alabama alums at international accounting
firms, Stone said. Getting to work with these
types of people gave me some very inspirational
examples that I could share with students, and
I think that greatly enhances their educational
experience.
We are so very proud of Dr. Stone and this
recognition, said J. Barry Mason, dean of the
Culverhouse College of Commerce, but we
are hardly surprised. Under her stewardship,
g
the Culverhouse School of Accountancy, one of
the premier accounting schools in the world,
has continued its high level of excellence.
Stones honor was announced in the
spring in Accounting Education News. She will
receive a plaque, citation, and $5,000 at the
2007 American Accounting Associations
annual meeting. This award is funded by
the PricewaterhouseCoopers Foundation.
An additional $5,000 will be donated by the
PricewaterhouseCoopers Foundation to the AAA
in the winners name. The award winner will
determine how the AAA will use the funds.
The general criteria, as adopted in 1972
when the Outstanding Accounting Educator
Award was initiated, are contributions to
accounting education from scholarly endeavors
in research and teaching over a sustained
period of time through educational innovation,
excellence in teaching, publications, research
guidance to graduate students, and significant
involvement in professional and academic
societies and activities.
Stone attended Central Florida University
(B.A. and M.S.) and the University of Illinois
(Ph.D.).
Her work has been published in leading
accounting journals, including the Journal of
Accounting and Economics, Accounting Review,
the Journal of Accounting Research, the Journal of
Accounting and Public Policy, Accounting Horizons,
Research in Governmental and Nonprofit Accounting,
and Government Finance Review. She has served
on the editorial boards of Accounting Review, the
Journal of Accounting and Public Policy, Issues in
Accounting Education, and Advances in Accounting.
A CPA, she is a member of the AICPAs PreCertification Education Executive Committee. e
S p r i n g / S umm e r
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By Carolyn M. Rhodes
the
C
C ul v e r h o us e
in
the
M idst
Graduat e
of
Ec o n o mic
Chinese
E x pa n si o n
The Chinese are a great and vital people who should not remain isolated
from the international community It is certainly in our interest,
and in the interest of peace and stability in Asia and in the world,
that we take what steps we can toward improved relations with Peking.
1 8
cu l v e r h o us e
co l l e g e
o f
c o mm e r c e
Tom Donahue, who earned
undergraduate degrees in finance
and banking from The University
of Alabama, is vice president of the
distribution sector in China and
all of Asia Pacific for International
Business Machines. IBM has been
operating in mainland China for
more than 20 years and in Taiwan
even longer. Donahue said IBM
is one of the first multinational
corporations to be licensed to
operate in China.
Donahue is stationed in
Shanghai, 9,000 miles from The
University of Alabama and his
boyhood home in Birmingham.
Donahue was recruited by IBM
in 1979 shortly after he graduated
from UA. He began his career as a
sales trainee. It did not take me long
to discover the bigger opportunities
in sales as an IBM executive. I knew
I wanted to be in a position of
leadership to lead a team and
that goal was the foundation of the
decisions and sacrifices I made over
my career spanning some 27 years at
IBM, he said.
After career stops in Tennessee,
Oklahoma and Texas, Donahue
was promoted to assist the general
manager of IBM Americas in 1999
on all areas of IBM business for
North America and South America.
From there he became vice president
S p r i n g / S umm e r
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on
page
20)
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1 9
(continued
from
page
19)
Donahue offers this advice
to students. First, decide what
interests and motivates you, then
pursue it with vigor. Next, Break
it all down to what you are willing
to do or not willing to do. For
example, are you willing to live
overseas? Are you willing to travel?
To sum it up, manage your
career so that you are in control
of what you want, versus allowing
circumstance to dictate to you. Be
in control of where you are going
Family friends are a potpourri
It was an average career, he said.
of cultures and people from
However, I had a chance to play
around the world. The Donahues
with some major leaguers. Bobby
refer to their circle of friends and
Sprowl was my roommate for two
Shanghais inhabitants as a melting
years; he was a first-round-draft
pot of Americans, Europeans,
pick of the Boston Red Sox. And
Japanese and Australians.
I played with Britt Burns, Chicago
The menus are as diverse as
White Sox. I played summer ball
the people, with cuisines
from around the world. The
only restaurant we havent
found is Mexican, Donahue
said. However, the familys
domestic helper is Philippine
and cooks a variety of Asian
foods and some Mexican.
The Donahues use email with high-speed Internet
and video-conferencing
to connect with family in
Birmingham.
Donahues two brothers
and two sisters are University
of Alabama graduates, who also
enjoy successful careers. One
with Buck Showalter who went on
brother, Joe, is a salesman for
to manage the New York Yankees
Optimal Readings in Birmingham;
and the Texas Rangers. ...
his other brother, Tim, is a lawyer in
Back in the old days, we
Birmingham
were expected
and owns
First, decide what interests to be on the
his own law
field by 2 p.m.
and motivates you, then
firm. A sister,
I got used
pursue it with vigor.
Marianne, is a
to getting up
sales representative
early, class at 8 a.m.
for Lucent Technologies, and Tricia,
and studying at night. Playing any
the youngest, is an implementation
sport brings out the competitive
manager for a medical software
spirit. That carries over to business,
company in Birmingham.
which is where you have to outwork
Tom Donahue, a threeor outthink your competition. It
year-baseball letterman with the
makes the game interesting.
Crimson Tide, maintains an interest
The Donahues are going on
in University of Alabama athletics.
their second year in Shanghai, and
cu l v e r h o us e
c o l l e g e
o f
c o mm e r c e
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Sun
Sun
C h i n e s e
a n d
P r o f e ss o r
I n sura n c e
Visits
B usi n e ss
E x p e rt
S c h o o l
and director of the China Center for Insurance and Social Security Research and,
since 1996, has served as chair of the Department of Risk Management and Insurance.
2 2
cu l v e r h o us e
co l l e g e
o f
c o mm e r c e
Sun said she enjoyed her visit to
the University and would like to see
some type of future collaboration
between UA and Peking University.
I need to know more about the
faculty and the students, but I would
like to come back. The people are
very nice.
While in town she spoke to
several classes and met with several
University representatives. She said
her first trip to Tuscaloosa was so
worthwhile. She said she has visited
the United States several times,
the first visit coming 12 years ago
when she did postdoctoral studies at
Indiana University. In 200001 she
spent a year at the National Bureau
of Economic Research and
at Harvard University.
Suns presentation at UA was
titled China: The History and its
New Face in the 21st Century.
She said Chinas recorded history
extends back 5,000 years, and
the country is credited with four
major inventions: gunpowder,
paper, printing and the compass.
The Communist party, with eight
supporting parties, rules Chinas
1.3 billion people. Sun noted that
China has 58 nationalities within
its borders and has a diverse culture
with eight distinct cuisines.
For most of its history, China
was a closed society, but in 1979
formal diplomatic relations were
established with the United States.
In the 1980s, China embarked on a
program of almost total reform.
If you had a watch, a sewing
machine and a bicycle, you were
regarded as a rich man in the 1960s
to 1980s, Sun said. Now you are
rich if you have a car and a cottage.
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go
West
M a n d e rs o n M . B . A . Graduat e
Nam e d C I GN A
H e alt h C ar e
G e n e ral M a n a g e r
f o r t h e C ar o li n as
E x e cut i v e M . B . A .
Council Adds
W e st t o B o a r d
2 4
cu l v e r h o us e
co l l e g e
o f
c o mm e r c e
committee.
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Lutgert, on the other hand, although growing in size and offerings, was founded only 10 years ago.
F l o r i d a
C o l l e g e
D o n s
B i t
o f
C r i m s o n
a Culverhouse
Connection
By Chrishan N. Emonina
Opposite page, from left, Dr. Travis Jones, Dr. Howard Finch, Dr. Ara Volkan, Dr. Mushfiq Swaleheen and Dr. Shelton Weeks
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M e m b e r
o f
t h e
C r i m s o n
C o n n e c t i o n
If you are not a member of the Crimson Connection, you are missing a great opportunity to network
with fellow alumni and friends of The University of Alabama and the Culverhouse College of Commerce,
according to Lindsey Blumenthal, coordinator of the Commerce Executives Society.
The Crimson Connection is open to all UA alumni and friends,
Blumenthal said. Its kind of like the Facebook or MySpace, but for UA
alumni. Its an exclusive networking tool, which will help UA alums and friends
reconnect, make new connections, get advice, or find jobs and employees.
Basically, when you join Crimson Connection, you can ask other alumni
who are members to be your friends. Thats how you build your network. Once
someone is in your network, you have access to their network, and their
networks networks and so on. You may find someone you have been trying
to reach for a business reason who is a friend of a friend. Now, you have
a way to get to that person. You can also reconnect with people who you
knew in college and can meet new people.
The Crimson Connection also contains news and information as
well as blogs.
You also can join groups, Blumenthal said. For example, the
Commerce Executives Society has a group. Once you become a member of
a group like CES, you can view photos of events, hear about upcoming news
and events, and you have an easy way to connect with other people who are
interested in the business school.
There is also a feature that allows members to post and search for jobs.
And it is completely free, Blumenthal said. All you have to do to join is
enter your alumni identification, which I will be more than willing to provide if
they e-mail me their full name as University records would have it and the year
they graduated, Blumenthal said. If they have changed their last name since
they graduated and havent updated that information with UA, they would need
to provide both names so that I can get their ID for you and so I can update
their information with UA. e
T h e C r i ms o n C o n n e ct i o n w as c r e at e d b y t h e U A Nat i o n a l A l um n i A ss o c i at i o n
2 8
2007
Capstone
Business Academy:
Bonding with other students
from across the nation and
experiencing the adventures
of college life are also prime
components of the program.
Students participate in theme-night
parties and athletic activities and
attend an Atlanta Braves game.
Students can choose between a
June or July session in order to
schedule around other summer
opportunities.
Participants are eligible
for special scholarships and
mentorships not available to other
students. Top-performing students
will be awarded a four-year position
as a Culverhouse College Faculty
Scholar, which is a paid mentorship
with a prominent University
business faculty member. In
addition, scholarship funds beyond
those awarded at the University
and College levels have been
solely designated for academy
participants. e
S t u d e n t s i n t e r e s t e d i n t h e p r o g r a m c a n o b t a i n i n f o r m at i o n t h r o u g h
ca n b e r e ac h e d at ( 2 0 5 ) 3 4 8 - 4 8 9 9 o r at lblum e n t @ cba . ua . e d u .
c o n t a c t i n g t h e p r o g r a m d i r e c t o r , L i s a Mc K i n n e y ( lmc k i n n e @ cba . ua . e d u ) .
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N e w s m a k e r s
A S am p l i n g o f C u l v e r h o us e C o l l e g e o f C o mm e r c e Facu l t y
M e mb e r s W h o Ha v e R e c e n t l y B e e n F e atu r e d i n t h e N e w s
H o ust o n A pp e ars o n
C N B C T e l e v isi o n
30
cu l v e r h o us e
co l l e g e
o f
When presented with various
scenarios in which their companies
would either beat or miss analyst
expectations, one-third of
respondents said they would try to
influence the results, with 24 percent
indicating they would increase
earnings and 8 percent indicating
they would try to cut them,
depending on the circumstances.
The survey findings also
appeared in CFO Magazine and
The New York Times.
Houston has also had two
papers accepted for publication
this year. The Journal of Accounting
Literature has accepted The Impact
of Competition on Audit Planning,
Review and Performance, written
with Jim Bierstaker and
Arnie Wright.
Many blame the accounting
scandals that led to the SarbanesOxley Act at least in part to an
overly competitive environment
for accounting firms, Houston
said. The speculation is that intense
competition, which perhaps caused
auditors to focus too much on
the business aspects of auditing
as opposed to performing quality
audits, resulted in lower
audit quality.
The paper summarizes research
that considers the effects of
competitive pressures on the audit
and raises questions about whether
c o mm e r c e
P r o f e ss o rs Gup a n d
Brooks Weigh in on
t h e S ucc e ss o f B r ya n t B a n k
M ari n o Tal k s ab o ut
E n tr e pr e n e urs h ip
i n U S A T o d ay
Hardi n F e atur e d
i n S A A . c o m O n - li n e
A rticl e o n
B usi n e ss I n t e lli g e n c e
Dr. Michael Hardin, professor of
statistics and associate dean for
research, was featured on SAS.com
C B E R s 2 0 0 7 Ec o n o mic
Outl o o k D ra w s B i g
C r o w d , L o ts o f P r e ss
The annual Economic Outlook
Conference, presented by the
Center for Business and Economic
Research at the Embassy Suites in
Montgomery, drew a big crowd and
considerable press coverage.
Dana Beyerle, Montgomery
bureau chief for the Tuscaloosa News,
a New York Times newspaper, was
on hand to cover the conference,
as were Sebastian Kitchen from
the Mobile Press Register, Tiffany
Ray from the Birmingham Business
Journal, and representatives from the
Montgomery Advertiser.
David Bronner, chief executive
officer of the Retirement Systems of
Alabama and the keynote speaker,
said he expects continued growth
in the states economy unless one
of several national or international
factors blows up on us. Bronner
warned of the potential impact of
oil, the Iraq war, the national deficit
and China on the national and
state economies.
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Barbon Institute
N e w
I n sura n c e
T h i n k
T a n k
h as
S o m e
U n i v e rsit y
o f
A labama
C o n n e cti o n s
D r . Harris
S c h l e si n g e r
Dr. Harris Schlesinger, professor of finance and Frank
Park Samford Chair of Insurance, is the recipient
of The University of Alabamas 2006 Burnum
Distinguished Faculty Award.
One of the highest honors the University bestows
on its faculty, the Burnum award is given each year
to a faculty member who has demonstrated superior
scholarly or artistic achievements and profound
dedication to the art of teaching.
Schlesinger has 27 years of teaching under his belt,
20 of those years at UA. In addition, Schlesinger is
an adjunct professor at the University of Konstanz in
Germany. He is a past president of the American Risk
and Insurance Association as well as founding editor
of the Geneva Papers on Risk and Insurance Theory. An
associate editor for five academic journals, Schlesinger
has published articles in more than two dozen
journals, including the Journal of Finance, Econometrica,
the Journal of Political Economy, the Quarterly Journal of
Economics, and the Journal of Economics Theory.
Harris is the epitome of the achievements the
32
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c o mm e r c e
R
2
D
F
e c e i v
0 0 6
B
isti n
acult
e s
ur n um
g uis h e d
y
A w ard
Last September, a group of top
insurance executives and a number
of researchers from the worlds
major universities convened at
the prestigious St. Regis Hotel in
New York City to take part in the
inaugural summit of the
Barbon Institute.
Among the participants at
the summit was Alabamas own
insurance commissioner, Walter
Bell, who also serves as the president
of the National Association of
Insurance Commissioners.
Also attending was University
of Alabama professor Dr. Harris
Schlesinger, who was involved
with the Barbon Institute from
the start as a founding member
of the institutes advisory board.
Schlesinger was a panelist at the
New York summit. As a member
of the advisory board, Schlesinger
is responsible for setting the
institutes research agenda, selecting
its network fellows, approving its
publications, and ensuring the
integrity and quality of its work.
The Barbon Institute is named
in honor of Dr. Nicholas Barbon.
An economist, wealthy landowner
and physician, Barbon established
the first fire insurance policies
in efforts to rebuild the city of
London after the disastrous fire in
1666. Organizing and mobilizing
firefighters in the event of another
catastrophic disaster, his techniques
turned chaos into confidence after
London was rebuilt.
In addition to Bell and
Schlesinger, the inaugural summit
was attended by many top insurance
company executives such as Maurice
Hank Greenberg, the current
CEO of C.V. Starr and Company,
as well as many regulators, including
the insurance commissioners from
several states and Elliot Spitzer,
then attorney general and now
governor for the State of New York.
Other board members include
professors from Yale University,
the Massachusetts Institute of
Technology, the University of
Pennsylvania and the University
of Chicago.
Funding comes from insurance
donors who wish to promote
educated debate on insurance
issues, Schlesinger said. The
institute is a mix of top-industry
people, legal experts and academics.
It is a new vehicle for academia and
industry to communicate.
The institutes Web site
(http://www.barboninstitute.org.) is
a go-to resource for the industrys
legal, economic, business and
regulatory matters, Schlesinger said.
One can log on, free of charge,
and request a monthly newsletter
be sent by e-mail. The newsletter
contains updates and information
that keeps industry and academia
well informed and current. The Web
portal continues to build a strong
community as more and more
risk-management issues and other
insurance-related topics
are reviewed.
The audience includes anyone
interested in understanding the role
of insurance in furthering social
welfare.
One interesting note is that
Barbons portrait hangs in Room 30
of Alston Hall at UAs Culverhouse
College of Commerce, as part of the
Insurance Hall of Fame. The Hall of
Fame was brought to Alabama by
Dr. John Bickley, who is professor
emeritus at the University as well
as the founder of the International
Insurance Hall of Fame.
Schlesinger is a professor of
finance and economics at The
University of Alabama and the
holder of the Frank Park Samford
Chair of Insurance. He is the winner
of the Burnam Award, which is
one of the highest honors that
UA bestows upon its faculty. (See
separate article.)
In addition to the Hall of Fame
Portrait Gallery, the International
Insurance Society Museum is
also located in Alston Hall. The
museum carries an impressive
collection of earlier photos of
catastrophic events, such as the San
Francisco earthquake, and maps
of many world disasters. Benjamin
Franklins insurance papers from
the 1770s are also on exhibit.
Professor William Rabel, who
holds the Bickley Teaching Chair of
Insurance, arranges private tours by
appointment. e
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Whats
Bag?
Whether its an
o l d fav o r i t e c a n va s
b a ck p a ck , a l a r g e ,
fa s h i o n a b l e t o t e i n
the hottest colors,
o r t h e n e w e s t fa d
i n b a g s , d r a ws t r i n g
b a ck p a cks , i t s
Haley Curtis
n o t w h at s o n t h e
o u t s i d e b u t r at h e r
w h at s i n t h e b a g
t h at c o u n t s .
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In the
By Chrishan Emonina
So what are the musthave items for businessschool students who trudge
around campus wearing those
backbreaking packs?
For Antoinette Williams,
a sophomore majoring in
management information
systems, its her cell phone.
Williams Motorola Rocker
comes complete with an MP3
player and camera phone.
I cant live without it. I have
to talk, said the Birmingham,
Ala., native.
Even though I keep my
phone on when I am in class,
I put it on silent so I dont
disturb anyone, she said.
After pulling out several large
textbooks, Williams raises a
black-and-white jacket from
her black backpack. I also have
to have my jacket because the
classes are below freezing.
Oh, and my Action Card.
I cant eat, get into my building,
or go to any football games
without my Action Card. So
which of the three items does
she have to have? Without
hesitation, she said, My phone.
I have to have my phone.
The must-have item for
Elizabeth Whitton, a senior
from Panama City, Fla., is her
organizer. Id be lost without
it. It has my phone numbers,
class schedule, to-do list and
important papers in it. I just
cant live without it, she said.
In addition to her
organizer, Whittons large,
brown-leather bag holds her cell
phone, textbooks, a portfolio
for each class, several pens
Manderson
on the Road
The Manderson Graduate
School of Business kicked off
its Manderson on the Road
campaign in January.
Evening events will be hosted
around the Southeast to bring
together Manderson graduate
and undergraduate alumni,
prospects and corporate
sponsors. The first event
on January 17 in Nashville
included a reception preceding
the University of Alabama vs.
Vanderbilt basketball game.
Memphis followed on
January 25. Corporate partners
included International Paper
and Federal Express.
This is a great opportunity for
building business relationships,
continuing friendships and
promoting our outstanding
programs and students, said
Connie Chambers, coordinator
of corporate and alumni
relations for Manderson.
Upcoming events are planned
for Atlanta, Mobile, Huntsville,
Montgomery and Tuscaloosa.
Special programs are being
planned such as tailgating, wine
tastings and speaker workshops.
e
F o r m o r e i n f o r mat i o n , v i s i t
t h e M a n d e r s o n a l um n i W e b s i t e
http://mandersonalumni.org/
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inmemoriam
P e rr y Ellis I n t e r n ati o n al
P r o m o t e s M ic h a e l Ga n n
t o S e n i o r Vic e P r e sid e n t o f S al e s f o r
C o rp o rat e a n d Gr e e n Grass D i v isi o n s
ichael Gann,
A d v is o r y C o u n cil
Dr. F. Todd DeZoort, professor
of accounting and Accounting
Advisory Board Fellow, has accepted
an invitation by the Academy of
Ethics in Financial Reporting to
join its advisory council as a charter
member.
The academy, established in
2006, seeks ways to improve the
quality of ethical consideration
in accounting practice, whether
through formal education, sharing
information, or stimulating
discussion on interesting issues.
In addition to his academy
advisory board position, DeZoort
is a member of the American
Accounting Association, the
American Institute of Certified
Public Accountants, the Institute
of Internal Auditors, and the
Association of Certified Fraud
Examiners. e
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alumninotes
alumninotes
1962
1972
of Birmingham.
1963
Birmingham.
1964
Dr. Richard M. Burr (M.A., statistics,
Headquartered in Birmingham,
Panhandle.
PricewaterhouseCoopers).
1974
1986
Canada.
1981
1975
1982
1968
Morris M. Gee Sr. has been appointed
to the Alabama Retail Association board
of directors.
1970
Jerry Michael Johnston has been
named corporate controller at
CapitalSouth, as an independent
consultant on acquisitions. He
of Alabama.
two children.
1987
Anne W. Jetmundsen has been
Tupelo, Miss.
1983
1989
Mike Rowell has been named vice
1990
SouthTrust-Wachovia.
1984
John Mack.
subsidiary.
1965
1980
1979
Gary L. Ely has been authorized by the
Certified Financial Planner Board of
Standards to use the certification
marks CFP.
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alumninotes
alumninotes
(continued from page 39)
1998
2003
1995
Christensen.
product mix.
Lacey joined Dow in 1990 in the
1996
2005
Search.
of Birmingham.
2006
2004
Co. P.C.
1993
c o mm e r c e
o f
co l l e g e
margin-optimization efforts.
cu l v e r h o us e
1999
specializing in information-technology
4 0
Andersen LLP.
1994
1992
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M i n d y o ur busi n e ss
Show your pride in the Culverhouse College of Commerce. Display the Culverhouse name through top-quality apparel and gifts.
Shop in person on the fourth floor of Alston Hall when on campus, or order online.
T- S h i r t s F l e e c e P u llo v e rs S w e at S h i r t s G olf S h i r t s G olf A c c e ssor i e s M e morab i l i a
(205) 348-2929 or
nonprofit
u.s. postage
cba.ua.edu
paid
birmingham, al
permit no. 2400