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SMITH NEW BRIEFS
Special Video Message from Dean Anand
Smith School Launches Center for Financial
Policy
The Center for Financial Policy at the
University of Maryland’s Robert H. Smith
School of Business will launch this fall
with two upcoming events at the center's
headquarters in the Ronald Reagan Building &
International Trade Center, Washington, D.C.
October 5, 2009 (11:30 a.m. to 1:30
p.m.)
Distinguished Speaker Series
Dr. Henry Kaufman
Dr. Kaufman will discuss his new book, “The
Road to Financial Reformation: Warnings,
Consequences, Reforms.” The book examines
the causes of financial meltdowns during the
past half century before offering a cogent
and compelling analysis of today’s upended
financial markets and what must be done to
effect realistic reforms going forward.
November 2, 2009 (9:30 a.m. to 3:30
p.m.)
Executive Compensation: Practices and
Reforms
Kenneth Feinberg, Special Master for
Compensation, U.S. Department of the
Treasury
The roundtable will explore the rationale
and practices for existing executive
compensation structures as well as explore
various alternatives for reform in view of
policy and legislative proposals by Congress
and the administration. This event brings
together leading academic, government, and
industry practitioners to offer insight and
propose solutions to one of today's most
pressing financial policy issues.
These are a free events, but seating is
limited. Please register online now to
reserve your spot!
http://www.rhsmith.umd.edu/cfp
10th Annual CIO Forum Features Federal CIO
Vivek Kundra How do technology and
strategy executives navigate this new
landscape? What does Web 2.0 mean for
consumers and society? Join keynote speaker
Vivek Kundra - the Federal CIO, technology
leaders from government, the healthcare
industry and other sectors of the economy to
discuss Web 2.0, its evolution, global
impact and future on November 6 in downtown
Washington, D.C.
www.rhsmith.umd.edu/cioforum
Smith School Launches Center for Social
Value Creation
Center to Kick Off with Inaugural
“Leadership for a Better World” Event in
Washington, D.C.
The Smith School's Center for Social Value
Creation launched last week with an event in Washington, D.C., that
explored how leaders create, build and
sustain organizations for social impact
while meeting business goals. The center’s
priority is to engage students in courses
and experiential learning programs to enable
them to become global leaders who understand
how to use business as a vehicle for both
economic prosperity and transformative
social change, and to support faculty
research in related areas.
www.rhsmith.umd.edu/svc
Smith Partners with Peking University for
China Business Plan Competition
The Dingman Center for Entrepreneurship
announced the launch of the 2010 China
Business Plan Competition, in partnership
with the Guanghua School of Management at
Peking University in Beijing. Students from
both universities have the unique
opportunity to learn about entrepreneurship
and collaborate to come up with business
ideas working virtually across continents,
then compete together in China for prize
money.
>> Full Story
Smith School Welcomes its Newest
Undergraduates
with the Ernst & Young Freshman Fellows
Orientation Program
The University of Maryland’s Robert H.
Smith School of Business hosted its
first-ever Ernst & Young Freshman Fellows
Orientation Program. The company’s generous
$250,000 gift to the Smith School in June
2009 created the orientation program and
endowment, and produced two days of
team-building, top-rate keynote speakers and
seminars, and real-life ethics training for
the freshmen in attendance. Ernst & Young
has a 30-year relationship with the Smith
School, with their giving totaling over $1
million, including construction of an Ernst
& Young classroom and the establishment of a
student scholarship.
>> Full Story
Brian Horick and Dianne Fox Win Smith Staff
Excellence Awards
Brian Horick, director of academic advising
in the Smith School's undergraduate programs
office, and Dianne Fox, coordinator for the
Logistics, Business and Public Policy (LBPP)
department were the first recipients of the
Smith School Staff Excellence Awards,
presented last spring. Congratulations to
Brian and Dianne for their outstanding
service to the school. Please take a moment
to read more about Brian and Dianne here in
these profiles.
>> Brian Horick Spotlight
>> Dianne Fox Spotlight
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UNIVERSITY UPDATE
University of Maryland Has $3.4 Billion
Impact on State
The University of Maryland's annual economic
impact to the state is over $3.4 billion,
supporting over 23,000 jobs, according to an
independent report. The report documents the
University's role in attracting more than
one million visitors annually; helping to
grow small businesses throughout the state;
winning hundreds of millions of dollars in
research and development grants; developing
the area's largest research park; training
Maryland first responders; and graduating
the state's largest number of scientific,
business, life science, engineering and
technology students.
>> Full Story
Twitter Not Helping Congress Connect
with Citizens, Study Finds
A new study by University of Maryland
researchers finds a growing use of Twitter
among members of Congress, but that the
purpose and content of their messages fall
short of improving government transparency.
House and Senate members were using the
social media platform mostly to promote
themselves, rather than engage in dialogue
with constituents and the public at large,
the study finds.
>> Full Story
UM Establishes New Honors College
In an effort to attract the state's best and
brightest high school graduates and further
enhance the quality of undergraduate
education, the University of Maryland has
established the Honors College -- a set of
living-learning programs for students with
exceptional academic talents. The program
incorporates existing honors programs such
as GEMSTONE, University Honors and Honors
Humanities with new programs in
Entrepreneurship and Innovation and Digital
Cultures and Creativity.
>> Full Story
Poverty Increases, and Reality May Be
Worse Than Reported
This September, the U.S. Census Bureau
reported one the largest annual increases in
poverty ever, adding four million to the 37
million Americans already living under the
poverty line. But the official measure fails
to capture the massive job, income, and
wealth losses among the lower-middle and
middle classes, says University of Maryland
poverty expert Douglas J. Besharov, a
professor of public policy and director of
the Welfare Reform Academy.
>> Full Story
President Mote's State of the Campus
Speech
Read President Dan Mote's State of the
Campus speech and view the strategic plan.
>> Watch Now |
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SMITH SCHOOL IN THE NEWS
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September 2009 |
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Money
magazine – October 1, 2009
– Russ Wermers, associate professor
of finance, is quoted about picking
experienced money managers.
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American
Banker – Sept. 21, 2009 –
Bill Longbrake,
executive-in-residence at the Center
for Financial Policy, is quoted in a
story about the FDIC.
Read more |
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Washington Post – Sept. 20,
2009 – Jeff Kudisch, Distinguished
Tyser Teaching Fellow of management
and organization, talks about how
job seekers can figure out whether
an organization is a good fit.
Read more |
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The
Capital (Annapolis) – Sept.
20, 2009 – Cliff Rossi, managing
director of the Center for Financial
Policy, is quoted in a story about
real estate regulations.
Read more |
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CNN
International: Quest Means Business
– Sept. 18, 2009 –Peter
Morici, international business
professor, is interviewed about the
economy and consumer spending and
where we are headed globally.
Read more |
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Associated Press – Sept.
18, 2009 –Peter Morici,
international business professor, is
quoted in an article about consumer
spending.
Read more |
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Wall
Street Journal – Sept. 16,
2009 –Alison Buckley, managing
director of MBA and MS recruiting,
is quoted in a story that points to
Smith’s part-time MBA program
several times and the adjustments
made to help students in the down
economy.
Read more |
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San
Francisco Chronicle – Sept.
15, 2009 – Albert “Pete” Kyle, Smith
Professor of Finance, and Clifford
Rossi, managing director of the
Center for Financial Policy, are
quoted in a story about Pres.
Obama’s speech on Wall Street and
the outlook for the financial
sector.
Read more |
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Wall
Street Journal – Sept. 15,
2009 –Edwin Locke, professor
emeritus of management and
organizations, is quoted in a story
about small business owners having
high job satisfaction. Read
more |
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The
Capital (Annapolis) – Sept.
13, 2009 – Cliff Rossi, managing
director of the Center for Financial
Policy, is quoted in a story about
local banks.
Read more |
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BusinessWeek.com – Sept.
11, 2009 – Anil K. Gupta,
international business professor, is
quoted in a story about China and
carmakers.
Read more |
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Wall
Street Journal – Sept. 8,
2009 – Peter Morici, international
business professor, is quoted in a
story about the economic outlook for
stocks.
Read more |
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ABC News:
Good Morning America –
Sept. 7, 2009 –Peter Morici,
international business professor, is
interviewed about the jobs outlook.
Read more |
http://www.rhsmith.umd.edu/news/inthenews/
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SMITH
BUSINESS CLOSE-UP on MPT
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Setting CEO Pay – Executive
Compensation
Thursday, Oct. 1, 2009, 7:30 p.m.
Sunday, Oct. 4, 2009, 7:30 a.m.
Monday, Oct. 5, 2009, 4:30 a.m.
In 1980, the average CEO’s
compensation was about 42 times what
the average worker was paid, and by
2007, CEOs received about 344 times
the average worker salary. There’s a
debate over whether this ballooning
of executive compensation is a
failure of corporate governance,
evidence of abuse of power, or just
a reflection of market forces --
that top CEOs must be paid top
dollar, or they’ll take their
(presumably irreplaceable) talents
to other organizations. But how do
companies arrive at these
astronomical sums?
In this edition of Smith Business
Close-Up with the University of
Maryland’s Robert H. Smith School of
Business, Michael Faulkender,
assistant professor of finance,
shares his findings from research
into executive compensation
practices and how firms decide what
to pay their CEOs.
Faulkender’s research focuses on
empirical corporate finance,
primarily in the areas of capital
structure, risk management,
corporate, liquidity, and executive
compensation. His research has
received recognition and awards from
top academic journals and he has
been awarded a research grant from
the FDIC Center for Financial
Research, which was accompanied by
an appointment to serve as a fellow
of the center during the term of the
grant. He is a member of the
American Finance Association, the
Western Finance Association, and the
Society of Financial Studies.
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Smith Business
Close-Up is co-produced by
the Robert H. Smith School
of Business and Maryland
Public Television.
The television segment
focuses on the latest
thinking in business
management, and features
in-depth interviews with
Smith School faculty and
other members of the
school’s community of
business leaders.
Where to watch
Smith Business Close-Up can
be seen bi-weekly on
Maryland Public Television’s
“Your Money and Business.”
Watch Michael Faulkender on
Thursday, Oct. 1 at 7:30
p.m.; Sunday, Oct. 4 at 7:30
a.m.; and Monday, Oct. 5 at
4:30 a.m. on public
television stations
throughout Maryland and the
Washington, D.C.
metropolitan region,
including:
WMPB-TV (Ch. 67), Baltimore
WMPT-TV (Ch. 22), DC
metro/Annapolis
WCPB-TV (Ch. 28), Salisbury
WFPT-TV (Ch. 62), Frederick
WWPB-TV (Ch. 31), Hagerstown
WGPT-TV (Ch. 36), Oakland
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FACULTY
UP FRONT
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Ken Smith Honored with Prestigious Fellowship
Ken G. Smith, Dean’s Chaired Professor of
Business Strategy, was elected as a fellow of
the Strategic Management Society. He is among
only 44 fellows in the history of the society
and the first Smith School faculty member to
receive the honor. The Strategic Management
Society Fellows Group recognizes and honors
members of the academic society who have made
significant contributions to the theory and
practice of strategic management. The group
provides opportunities for collaboration and a
forum for discussion among top academics in this
area named as fellows.
>>Full StoryThoughtLeadership@Smith Speaker Series
Discover big ideas for thoughtful leaders at the
ThoughtLeadership@Smith Speaker Series. The
Smith School’s world-class faculty discuss their
latest research on topics of broad interest and
importance. Each presentation is followed by an
opportunity to network with alumni and regional
business leaders at one of Smith’s convenient
local campuses in Washington, D.C., or
Baltimore, Md. Breakfast begins at 8 a.m.;
presentations begin at 8:30 a.m. and are
followed by a Q&A period concluding at 10 a.m.
Cost is $25 for the general public, $15 for
Smith School alumni and $10 for current students
unless otherwise noted (includes continental
breakfast). Attend two sessions and receive $5
off the total price; attend three sessions and
receive $10 off the total price.
October 9
Ritu Agarwal, Robert H. Smith Dean’s
Chair of Information Systems
Transforming Healthcare through IT
READ MORE & WATCH VIDEO
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 Will
digitization help alleviate the
healthcare system's quality and
efficiency shortcomings? How do we
evolve toward a more consumer-centric
healthcare system? Agarwal discusses the
challenges and opportunities offered by
health information technologies. |
October 16, 2009
Michel Wedel, Pepsico Professor of
Consumer Science
Evaluating Visual Marketing
READ MORE & WATCH VIDEO
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 What
draws your attention when you’re
shopping? When you’re online? When
you’re looking at a print ad? Does that
attention-grabber build or destroy brand
value? Wedel will discuss latest
research techniques for studying the
impact of visuals in advertising,
website design and shelf lay-out, and
will discuss the impact of findings on
brands. |
Smith School Welcomes New Faculty Members:
Accounting and Information Assurance
- Carolyn Levine, assistant professor;
PhD, Carnegie Mellon University
- James Staihar- Assistant Professor; PhD,
University of Michigan
Decision, Operations and Information
Technologies
- Karen Gold, Tyser Teaching Fellow of
statistics, UCLA
- Canan Savaskan-Ebert, visiting assistant
professor; PhD, INSEAD in Fontainebleau,
France
Finance
- Ethan Cohen-Cole, assistant professor;
PhD, University of Wisconsin-Madison
- Clifford Rossi, Tyser Teaching Fellow,
Managing Director of the Center for
Financial Policy; PhD, Cornell University
- Stephen Wallenstein, senior fellow,
director of the Directors’ Institute; J.D.,
Yale Law School
Marketing
- David Godes, associate professor; PhD,
Massachusetts Institute of Technology
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INSIDE EDITION
September 2009
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Smith
Newslink Inside is a production of the Office
of Marketing Communications in cooperation with
the Office of Administration.
Editor
Alissa Arford-Leyl
Regular Contributors:
Office of Marketing Communications
Smith Media Group
Office of Administration
Office of Smith IT
Office of Executive Programs
Office of Masters Programs
Office of Undergraduate Programs
Dingman Center for Entrepreneurship
Send comments
or submissions to:
aleyl@rhsmith.umd.edu.
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Give anonymous feedback on Smith
Newslink:
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