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Sustainabilityandcorporatesocial
responsibilityare“goodbusiness”and
trueprioritiesforIllinoisStateUniversity
students,faculty,alumni,andpartners.
PAGE #?
CORPORATE
SOCIAL RESPONSIBILITYSustainabilityandcorporatesocial
responsibilityare“goodbusiness”
andtrueprioritiesforIllinoisState
Universitystudents,faculty,alumni,
andpartners.
SUSTAINABILITY
THE MAGAZINE OF THE COLLEGE OF BUSINESS · ILLINOIS STATE UNIVERSITY · F A L L 2 0 1 0
NEWS VIEWSAN
D
IllinoisState.edu/business
ThemagazineoftheCollegeofbusinessIllinoisStateUniversity
FALL 2010 · Volume15
published annually
College of Business dean ·ScottJohnson
Editor/writer ·AmyHumphreys
Contributing writers ·KateArthur,Michaelboyd,JimJones,
LindaLeinicke,andSakuraRobles
Designer ·JonRobinson
Photographer ·LyndsieSchlink
Copy editors ·StevenbarcusandJanaeStork
CONTENTSCORPORATE SOCIAL RESPONSIBILITY
1 MESSAGE FROM THE DEAN
2 FEATURES 2 AHEADOFTHECURVEYETAGAIN
4 ACTIONHEROES
6 KATIE’SLEGACY
8 INTERNATIONALLEARNINGOPPORTUNITY
8 ExPORTPROJECTCONTINUESExPANSION
9 FINANCIALPLANNINGHITSHOME
9 ENTREPRENEURSHIPOPPORTUNITIES
EMERGETHROUGHCOLEMANFOUNDATIONGRANT
10 wHYwEbUYwHATwEbUY
11 2010–2011 HALL OF FAME
12 BUSINESS WEEK 2010
14 COB NEWS
19 COLLEGE OF BUSINESS ALUMNI NETWORK
21 ALUMNI UPDATES
24 DEVELOPMENT OUTLOOK
27 THANK YOU TO OUR DONORS
NEWS VIEWSAN
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SOCIAL NETWORKING
TheCollegeofbusinessAlumniNetworkonthe
professionalnetworkingsiteLinkedInhasmorethan
1,200activemembers.Specialeventsoncampus,in
Chicago,andemergingopportunitiesinothercities
allowRedbirdprofessionalstosocializeandextend
theirbusinessexpertise.
Speculatingabout the future inourprivate thoughtscomeswithoutmuch inherent risk.
However,speculatingpubliclyhastimeandagainshownthefollyofhumanstryingtodo
somethingforwhichtheyhavelimitedaptitude,namely,predictingthefuture.businesses
dotrytopredict thefuture,buttherearemoreacceptabletermsusedsuchas
predictivemodels,trendingdata,anddecisionanalytics.Allapproachesusedata
to make judgments about the future. Data helps decision makers in predicting
futurepatternsbutweareleftwiththerealizationthatthefutureiselusive.
In the College of business we are continually looking at future trends
to recognize what is important in our curriculum. A sampling of our current
courses includes: Financial Futures, Options, and Swaps; Leadership: Teams
and Team Development; IMC Creative Strategy and Design; and Electronic
businessManagement.Someofyoumayrememberatimewhenswapsmeantflea
markets and team development meant the minor leagues. The business school
curriculumisareflectionoftheworldwelivein.Asolidyetevolvingframeworkof
knowledge,skills,andlearnedbehaviorwillprepareourstudentstobesuccessful
businessleaders.
Anemerginginitiativeamongbusinessleaders,whichisconfirmedbydata,isthat
ofsustainablebusinesspractices.Thebasicconceptofsustainability is tomeetcurrent
needswhilenotcompromisingtheabilityoffuturegenerationstomeettheirneeds.Many
ideaswithinthegeneralframeworkofsustainabilityarenotnew:reducingcosts,increas-
ing efficiencies, enhancing safety, embracing new technology, and identifying new and
profitablemarkets.Yetevolvingsustainabilityinitiativesaretakingonaddedimportance
foremployersastheyrecognizegrowingcustomerandemployeeexpectationsforcom-
paniestoembracesustainabilitypractices.
As we look to the future sustainability will become an increasingly important
partofourcurriculumandourintellectualcontributions.weareatoprankedbusiness
schoolandourfaculty,ourstaff,ourgraduates,andourprogramsarerecognizedforthe
excellenceweembrace.welivebyourStandardsofProfessionalbehaviorandEthical
Conduct.TheCollegeofbusinessalsoembracesPrinciplesofResponsibleManagement
Education (PRME). Among these principles we strive to educate students about the
social,economic,andenvironmentaldimensionsofsustainabilitythatwilladdvalueto
organizations. Now for a prediction…the most successful companies in the future will
berecognizedleadersinsustainabilityandwilldriveinnovation,economicgrowth,and
wealthcreationintheU.S.andabroad.
ScottD.Johnson
IllinoisState.edu/business 1
FROM THE DEANMESSAGE
“ We are continually
looking at future
trends to recognize
what is important
in our curriculum.”
2 IllinoisStateUniversityCollegeofbusiness
NEWS VIEWSAN
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Years before recent economic and environ-mental crises, recalls, and ethical shortcuts headlining the news, the College of Business took proactive steps to develop its Standards of Professional Behavior and Ethical Conduct focusing on the core principles of trust, respon-sibility, honesty, respect, and fairness. Formally introduced in 2006, the standards serve as the foundation for our academic and professional endeavors both inside and outside the college.
These expectations are directly communicated through booklets, fliers, environmental art, wall displays, and our website. Examination of this living document is embedded in core busi-
ness classes and tied to specialized courses in every department. All stakeholders and constituents of the college, from students and faculty, to administrators and even advisory board members, are charged with maintaining those values and the culture that results from our shared understandings.
The College of Business was one of the first public uni-versities to become a signatory of the Principles of Responsible Management Education (PRME), a joint initiative of the United Nations and our accrediting organization, the AACSB Interna-tional. That move signaled our on-going commitment to educat-ing students to be future leaders in a sustainable global economy.
As a signatory we provide an annual report on specific ways we are supporting the key principles of PRME. It is impossible to
AHEAD OF THE CURVE YET AGAINETHICS REMAIN FRONT AND CENTER IN THE COLLEGE OF BUSINESS
Does a business have an obligation to “give back?” Whose interests should
companies consider when making business decisions? What responsibilities
should industries have to their customers, the environment, and the communities
in which they operate? Addressing questions like these is not the pastime of pie-
in-the-sky idealists. These important issues demand active consideration.
Standards ofProfessional Behavior and Ethical Conduct
IllinoisState.edu/business 3
list all of the guest speakers, projects, research, and special initia-tives undertaken by students and faculty that expand dialogue on critical issues of global social responsibility and sustainability.
Here are a few highlights from the past year:
FACULTY INITIATIVES
A taskforce with faculty members from each department was created to coordinate the efforts of the College of Business with respect to the six principles of PRME. They have conducted a sur-vey to gather baseline data about faculty awareness and incorpora-tion of PRME principles in teaching and research, offered a panel presentation called “PRME in the Classroom,” and met with members of the College of Business Advancement Department to create calls for donations to support PRME oriented classroom and research opportunities. Several research projects related to
specific disciplines are already underway.In January 2010 members of the PRME taskforce presented
at the 10th Annual University-Wide Symposium on Teaching and Learning hosted by the Center for Teaching and Learning Technol-
ogy at Illinois State University. The theme for the 2010 conference was “Sustainable Teaching, Learning, and Living.”
Dale Fitzgibbons (MQM) and Peter Kaufman (MKT) are partnering with Tom Bierma and Lou Reifschneider from the College of Applied Science and Technology to teach a new course this fall based on core elements of PRME. “Sustainability Con-sulting” involves interdisciplinary teams of students from the two colleges examining an issue related to the development of sustain-able communities in Central Illinois. This fall’s pilot group is wrestling with the issues of lighting and energy efficiency. Becom-ing more energy efficient not only helps protect the environment, it also enhances profitability. Recent developments in lighting technology make it possible for many small businesses to improve the quality of their lighting while reducing electricity consump-tion by 75 percent or more. Through this project students will help small business managers:
• quantify potential savings for specific business applications• evaluate the aesthetics of alternative lighting options• take advantage of incentives from government, utilities, and
lighting suppliers• provide information on how to recycle bulbs
The findings of the teams will be documented so they can provide a template of best practices that future conservation teams
could implement with similar or even better success.
STUDENT ETHICS ASSESSMENT
In each sequence (major) in the College of Business, students are
assessed on ethics knowledge. The goal is for a minimum of 75
percent of students evaluated as acceptable or exemplary on their
understanding of:• The responsibility of business in society• Moral development in ethical decision making• The responsibilities of a leader's role as it relates to ethics• The roles of various corporate governance entities and policies
as they relate to ethics.
Faculty members meet once a year to discuss results and ideas
for improving students’ performance related to these areas.
REGISTERED STUDENT ORGANIZATIONS
Numerous service projects organized and conducted by student
organizations took place this past year. These included working
with the local chapter of Habitat for Humanity, organizing blood
drives for the Red Cross, food collections, fundraising for a variety
of local and national charities, educational outreach to area youth,
the nationally recognized Giving Tree project through which gifts
are provided for underprivileged children identified by public
school teachers, and the first Corporate Social Responsibility Day
during Business Week, which was cosponsored by Nicor Gas.
CSRvolunteersassembledmorethan100fleeceblanketsforlocalnursing
homes,homelessshelters,andlow-incomedaycarecenters.
“ The College of Business was one of the
first public universities to become a
signatory of the Principles of Responsible
Management Education (PRME).”
Continued on page 4
These “accountants with guns,” including James Peacock ’96, leverage
their expertise in forensic accounting to investigate and assist in the
prosecution of criminal tax, money laundering, terrorism, and narcotics-
related financial crimes.
“I knew ever since high school that I wanted to pursue a career in
law enforcement at the
federal level. I started
out as a criminal justice
major; however, my
counselor suggested
I pursue a degree in
accounting to make
myself more marketable,
since a majority of the
federal agencies hire
individuals with account-
ing degrees,” explained
Peacock.
All special agents
go through six months of preparation at the Federal Law Enforcement
Training Center in Brunswick, Georgia, where they are taught how
to “follow the money.” Special agents learn how to investigate legal
source tax crimes, illegal source financial crimes and narcotics-related
financial crimes. They also study topics ranging from constitutional
law to financial investigative techniques. In addition to the classroom
preparation, special agents go through extensive physical fitness, self
defense, and firearms training.
More than 70 accounting students learned about this exciting
career option first-hand when Peacock, along with a team of IRS col-
leagues, led a daylong fraud investigation simulation at the College of
Business last fall.
Accounting faculty, including Debbie Seifert, actively prepared
students for the experience. “Our class specifically discussed the
enforcement power of the IRS because students are not always aware
of the role that accountants can play with regard to criminal investi-
gations into tax evasion and money laundering.”
Through the IRS’s Adrian Project, students worked in small
teams under the direction of current and retired special agents
to investigate various crime scenarios, including business owners
skimming company funds, a bar owner keeping two sets of books,
a multi-filer tax scheme, and a drug trafficking operation. In addi-
tion to using forensic accounting techniques to follow paper trails
of financial wrongdoing, students employed other tools available to
federal law enforcement officers including undercover operations,
Surveillance, subpoenas, and search warrants aren’t terms normally associated with
accountants, unless of course you are a special agent with the Internal Revenue Service.
ACTION HEROES
JamesPeacock’96
ExTERNAL PARTNERS
In March seven recipients of College of Business Hall of Fame
awards visited campus for Business Week. Each of these highly
accomplished professionals spoke with classes on ways in which eth-
ics and corporate social responsibility have been important in their
jobs, organizations, and careers.
• Gary Gemberling—"Identifying, Analyzing, and Minimizing
the Risks of Starting, Operating, and Growing a Small Business
Venture in Current Economic Conditions."
• Duane Livingston—"Responsible Global Business Practices."
• Dave Magers—"Maintaining Business Principles–Lessons from
the Financial Crisis of 2008."
• Mark Thorndyke—"The client’s interests must come first."
• Donna Zarcone—"Leading through Influence; Building
Bridges, Not Walls."
• Jay Edmondson—"Socially responsible! To Whom?"
• George Eovaldi—"Common Sense, Discipline, and Fiscal
Responsibility"
Retired Executive Vice President of State Farm and past Hall
of Fame inductee Willie Brown ’73 returned to campus this spring
to present “Essentials of Effective Leadership” to a large audience of
students, faculty, and other guests in the Brown Ballroom.
Keith Wakeman ’86 is just one of many graduates committed
to corporate sustainability. Wakeman has launched new businesses
and products generating over $1 billion in annual revenue. He is
cofounder and CEO of Gene Smart Wellness. Previously he was
head of Innovation for the $2 billion Kellogg’s Snacks Division and
led New Ventures for both the $9 billion Kellogg Company and
the $2 billion Keebler Company. Wakeman returned to campus to
StudentleadersandDeanScottJohnsonjoinwilliebrown’73afterhis
standing-room-onlyaddress.
NEWS VIEWSAN
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4 IllinoisStateUniversityCollegeofbusiness
Aheadofthecurve, continued from page 3
search warrants, and inter-
rogations.
Erin Santos ’09, who
graduated in December,
is now an auditor with
Sikich in Aurora. During
the simulation she and her
teammates investigated
a suspected drug dealer
hiding money under other
people’s names and the
experience left her adrenaline pumping. “Besides analyzing clues, we
used walkie-talkies to communicate with other undercover agents
while pursuing the suspect.”
Santos especially enjoyed the conclusion of the case during which
they raided the suspect’s living quarters and located firearms, money,
and plans for the use of illegal income. “I got to handcuff Debbie
Seifert, who served as drug lord in the simulation. It was a fun experi-
ence and provided us a different and interesting view on what one
can do with an accounting career,” she added.
Kyle Barber ’10 graduated in May with his M.S. in accountancy. His
team focused on an individual filing multiple tax returns using stolen
identities. “We analyzed evidence from the individual’s garbage, fol-
lowed the suspect, and visually inspected her car. Once we had enough
evidence for a search warrant, we bombarded the suspect’s house,
where we gathered additional documents to strengthen our case.”
Adrian Project participants also used The Firearms Training
System (FATS) weapons simulator in which they were given scenar-
ios requiring impulse decisions on whether to use deadly force with
a gun or not. That element was especially relevant for Barber, who
deployed for a three-month tour in support of Operation Enduring
Freedom shortly after graduation. He continues studying for his
CPA exam and will join McGladrey & Pullen as an audit associate in
Schaumburg in November.
Accounting Professor Linda Leinicke, who observed the teams
in action, found the simulations alarmingly realistic. “When students
tried to question two suspects, played by female agents, one woman
launched into a tirade. She got right in the student investigator’s face
and didn’t cut him any slack at all. It was pretty unnerving and it cer-
tainly got everyone’s adrenaline pumping!”
Seifert feels the Adrian Project was a powerful and realistic learn-
ing experience for students and faculty. “I believe we all have a better
understanding of the physical, technical, and mental skills needed to
be an IRS enforcement agent.”
Santos agrees. “I participated in the Adrian Project during my last
semester of college, so I already had a good grasp on accounting,
and a job lined-up, but this simulation offered me a whole new per-
spective on where a career in accounting could take me. Who knows,
the IRS criminal investigation unit might be on my list of careers to
look into sometime in the future!”
Peacock is extremely satisfied with how he has leveraged his
accounting degree professionally. “Working a financial investigation is
like putting together a puzzle. What I most enjoy is the freedom I have
to do my work and how each day brings something different,” he added.
As a parting thought, Peacock reminds us that the IRS Criminal
Investigation Division has one of the highest conviction rates among
law enforcement agencies. “It was the IRS, not the FBI that put Al
Capone in jail!”
ErinSantoshandcuffsaccountingfaculty
memberDebbieSeifertaspartoftheIRS
AdrianProjectsimulation.
share his expertise and commitment to corporate social responsibil-
ity with students earlier this year. Wakeman and his Gene Smart
colleagues share the belief that they can improve the health and
well-being of America and the world by utilizing the latest under-
standing of the relationship between what we eat, our genes, and
our health.
“Through Gene Smart Wellness and our nonprofit sister
organization, Gene Smart Compassion, we are pioneering new
approaches to help individuals live healthier and more abundant
lives in America and in Africa,” explained Wakeman. Some of the
company’s initiatives are described below:
• Community Wellness–This is a new approach to integrating
prevention into the fabric of America by bringing the com-
pany’s clinically proven wellness program to local communities
through churches and other grass-roots organizations. Living
Abundantly (www.LivingAbundantlyProgram.com) is designed
to empower whole health—body, mind, spirit, and com-
munity. The Center for Disease Control’s Preventing Chronic Disease journal just published a study confirming the benefits
of this program for helping individuals get healthy and stay
healthy for the long term.
• Heroes Helping Heroes–The philosophy at Gene Smart is
that wellness and compassion are interconnected. That’s why
Wakeman’s team provides opportunities for organizations and
individuals to make a profound impact on the lives of chil-
dren in Africa. The Heroes Helping Heroes program (www.
HeroesHelpingHeroes.net) has been actively pairing high
schools and churches with orphan families in Masoyi, South
Africa, to provide new houses and address other near and long-
term needs to empower a brighter future.
• Little Heroes is a new ready-to-use therapeutic food that
addresses the crisis of malnutrition among children in Africa by
utilizing the latest understanding of the relationship between
what we eat, our genes, and our health. To learn more visit
www.genesmartcompassion.org.
IllinoisState.edu/business 5
NEWS VIEWSAN
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6 IllinoisStateUniversityCollegeofbusiness
It is a great feeling when a cherished vision has been realized. That’s exactly the case for those associated with The Katie School of Insurance and Financial Services at Illinois State University. The center was established in 1991 as a living memorial to Mary Katherine “Katie” Nicosia, who died at age 2 ½ and was the daughter of an Illinois State University alumnus and insurance industry executive. The vision as stated in the original charter was a very simple one, “To create the finest insurance program in the United States.”
Specifically, Katie’s mission is to support Illinois State Uni-versity’s internationally recognized undergraduate insurance and risk management and actuarial science programs. By facilitating preprofessional industry involvement, innovative teaching practices, cutting-edge applied research, and an array of professional develop-ment and executive coaching programs, the Katie School adds true value to the insurance industry.
To insure the Katie School remains at the forefront, it is in regular communication with more than 3,000 industry profession-als. Leaders representing national and regional insurance and finan-cial services organizations serve Katie’s Insurance Advisory Board of Executives, providing guidance for the school’s programs and initiatives.
One of the strongest aspects of the Katie School is its partner-ships with business, industry, government, and other educational institutions. Its public outreach includes programs for high school students, teachers, guidance counselors, and a sixth grade program, which involves pairing RMI majors with business education majors
to teach students about the insurance aspects of language arts, math, science, and social studies.
Micro-insurance projects in developing nations, forums on topics, including ethics and risk management for renewable energy, civic engagement with not-for-profits, scholarships, a focus on diversity, and maintaining a “high-touch” learning environment, are other ways the Katie School demonstrates that it is the finest insur-ance program in the United States.
How else can the success of the Katie School be verified? Through a rigorous assessment by third parties who provide feed-back on the quality of the programs. This external verification assures that the Katie School meets its goals and maintains its international reputation for excellence. One recent example includes the Katie School’s role in helping the Actuarial Department receive Certification of Excellence from the Society of Actuaries in 2010, making it the only actuarial program in the state with such certifica-tion, and only one of 12 certified centers in North America.
Another key measure of success comes from graduates, so we invited three young insurance professionals to share the skills and understandings they most valued from their Katie School experiences.
VANESSA CONTRERAS ’09
I am a risk analyst with Munich Re in its U.S. Divi-sion. I am involved in a management training pro-gram that provides me with actuarial training as well as exposure to all areas of our company. The program con-sists of approximately 80 per-cent hands-on training and 20 percent in-class training and provides me the opportu-nity to travel to Germany. At the end of the program I will be placed in one of our business units to continue my career as a reinsurance underwriter. Here are the three areas in which the Katie School really helped me launch my career:
International InternshipsWhile attending Illinois State University I had the opportunity, through the Katie School, to participate in the international internship program. I spent a month at Lloyd’s of London shad-owing various underwriters and brokers. It was an absolutely amazing learning experience, and I definitely feel like it made me stand out from my competition during the job search prior to graduation. There have been many instances where I can follow
KATIE’S LEGACY
VanessaContreras’09
IllinoisState.edu/business 7
the conversations about things referred to in my day-to-day job because of my time at Lloyd’s. Other colleagues are always very impressed by the programs that the Katie School provided for me.
Financial supportThe Katie School provided me with a great deal of financial support during my years at Illinois State University. As a result I was able to reduce the amount of loans I took out and for that I am very grate-ful. I relocated to work for Munich Re in Princeton, New Jersey and because of the support from the Katie School I am now able to live a comfortable life here without having to worry too much about debt after college.
Preprofessional industry involvementThe Katie School provided me with the opportunity to attend various industry events. I learned about the Munich Re training program because of attending an APIW event in Chicago with other Katie School students. I became comfortable interacting with industry professionals very early in my college career, and that has assisted me a great deal in my first year at Munich Re.
ADAM JOHNSON ’05
I recently earned a promotion and just moved to Iowa where I am a business underwriting specialist. My role is to partner with agents to market small business insurance. I’ll also be responsible for physical inspections of buildings in my territory. The Katie School made many contributions to my professional readiness. Here are my top three:
ProfessionalismI was a summer intern for Arthur J. Gallagher & Co. This was an excellent internship program that allowed me to learn profession-alism from some of their top insurance producers. I was able to observe how they carry themselves on a daily basis. It was a great experience to draw from as I began my career.
Networking opportunitiesThrough the Katie School I was able to attend industry confer-ences and participate in several different programs that enabled me to interact with many insurance professionals. These networking
opportunities helped me to broaden my base of industry contacts, and I still utilize these contacts today.
Real-world experienceThe Katie School allowed me to participate in a student leadership program. During breakout sessions industry professionals spoke to us about the principles of leadership and things to expect as young adults in the insurance industry. We also partnered with a local nonprofit organization to provide them with a risk management proposal. This project allowed me to see the realities of what risk management and insurance can do to help an organization reach its long-term goals.
ADAM M. MCGUCKIN ’07
I am an account manager with Zurich North America’s Captives and ART Solutions business unit, where I handle two medium-sized captives worth approximately $20 million in premium. In this role I am the point-person and deal with every issue that arises, includ-ing underwriting new business, renewal pricing, finance, premium audits, marketing, sales, and claims. These are the three things I experienced through the Katie School that have made the biggest difference for me:
Leadership trainingThe Katie School Leadership Program provided me the opportunity to develop my teamwork skills, presentation skills, and marketing skills via workshops, breakout sessions, and speakers.
CredentialsThanks to the Katie School I had the opportunity to take CPCU and ARM exams before I graduated from Illinois State University. Having CPCU and ARM exams on my resume as I applied for jobs gave me a significant advantage over my competition.
Industry eventsOpportunities to attend the RIMS, REBEX, NAPSLO, and other insurance industry events as a student exposed me to marketing with insurance industry professionals. I consider that a major skill needed to thrive in the insurance industry and I got that thanks to the Katie School.
Looking ahead, Katie School Executive Director Jim Jones makes this pledge. “The Katie School will continue its commitment to attract the best talent and provide students with superior curricular and cocurricular experiences. Our goal is to enable them to become the future leaders in the insurance industry. This is central to the Katie School mission, its reputation, and its role as a living legacy to Katie Nicosia and her family.”
AdamJohnson’05
AdamM.McGuckin’07
NEWS VIEWSAN
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8 IllinoisStateUniversityCollegeofbusiness
INTERNATIONAL LEARNING OPPORTUNITYBY SAKURA ROBLES
When undergraduates are walking through the hallways in the Col-lege of Business, it probably doesn’t occur to them that they could
end up in a Mandarin class, preparing to study a semester in China. But that opportunity will soon be available as the College of Business has signed an agreement with Shanghai University for semester exchanges that begin this fall when five students from Shanghai arrive on the Illinois State Univer-sity campus.
“We really do not have a presence in China,” said Iris Varner, professor emeritus and director of the International Business Institute. “I was invited to be a keynote speaker for an international conference in China…and that is where this idea started.”
The exchange between Shanghai University and Illinois State is for the undergraduate and M.B.A. program. The M.B.A. program for Illinois State students is taught in English.
“For the undergraduate students to go, it’s a little more tricky because they do offer some courses in English but not a whole lot,” Varner said. “So part of what our business students have to do is take a course in Mandarin, a course in intercultural management, and then take two or three business courses in English. The details are not 100 percent worked out, but that is our current plan.”
Varner also expanded on goals for the program, including learning about new cultures and interacting with other international students while they study.
“When they go out into the job market, they can say, ‘I have studied in China for a semester.’ Most of our students are from Illinois so it would be really good if we could get them into a totally different environment.”
Students may also choose Germany as their study abroad des-tination. A dual degree program is now offered, providing students with the option of getting a business degree from Illinois State as well as the University of Paderborn.
The second semester of the junior year and the first semester of the senior year, students take a three-month German course and another German course in the spring/summer semester, as well as business courses. They study in Paderborn in the fall and return to Illinois State for the spring semester, fulfilling all the requirements for both universities.
Illinois State University alum Sabrina Smith ’10, who received a degree in international business and minored in French, attended the University of Paderborn and felt it enriched her college experience.
“I chose Paderborn because I am an international business major and it had the most business courses,” she said. “While I was there I
met some of the most amazing people from many different countries. My experience in Germany broadened my mind to different cultures and a different way of living life in general. It helped me expand my group work skills and it taught me how to adapt quickly in a new environment. It made me a more well-rounded person.”
The International Business Institute is working with universi-ties in France to further expand international opportunities.
ExPORT PROJECT CONTINUES ExPANSIONIllinois State University’s Export Project is helping more Illinois-based businesses expand into overseas markets thanks to a $100,000 federal grant. The funding supports the Export Project’s on-going work with agriculture equipment and technology firms to identify, evaluate, and actively develop international business opportunities and prepare
export plans. Export Project team members include faculty and stu-dents from Illinois State’s College of Business and College of Applied Science and Technology.
Mark Hoelscher (MQM) and his team worked with Dickey-John from Springfield. Students traveling with him to Argentina and Chile were Kiara Daniel, Ryan Cekander, Mark Phelan, and Alexandra Szomko-Brown.
The Rustoleum team led by Masoud Hemmasi (MQM) went to Australia. The group included Kathryn Engelhardt, Megan Homan, Elizabeth Koch, and Sabrina Smith.
Iris Varner, who serves as director of the International Business Institute, handles administra-tive elements of the Export Project. “The companies involved were very happy with the recent work completed by the teams. We are also thrilled because these multidisciplinary projects give Illinois State students a unique opportunity to gain international business and mar-keting experience,” said Varner.
BY THE NUMBERS
TO DATE THE ExPORT PROJECT HAS RECEIVED $365,000 IN
GOVERNMENT GRANTS
51 STUDENTS AND 13 FACULTY MEMBERS HAVE PARTICIPATED
ExPORT PROJECT TEAMS HAVE VISITED EIGHT COUNTRIES ON
BEHALF OF 13 PARTNER COMPANIES
DelegationmembersfromIllinoisState
UniversityandShanghaiUniversitymetin
Chinatoformalizetheexchangeprogram.
“ These multidisciplinary projects give
Illinois State students a unique oppor-
tunity to gain international business and
marketing experience.”
Edisonbarinas,Victoriabodish,
Michaelbrazeau,andSusanLipps
traveledtoGermanywithfaculty
memberKlausSchmidttostudythe
country’swineindustryforbrandt
ConsolidatedInc.,ofSpringfield.
“
”
IllinoisState.edu/business 9
FINANCIAL PLANNING HITS HOMEAbstract theories become personally compelling when applied to your own financial well-being. That’s what students in Edgar Nor-ton’s investments class discovered as they used specialized software to develop individual financial plans that offered a clear look at their own futures. “This personal budget project was a big eye-opener for many,” said Norton. “They realize this applies directly to them. It isn’t a pretend, contrived, or theoretical undertaking.”
Based upon expected first job income, students developed personal budget spreadsheets showing estimates of spending and how much money they could save toward their financial goals. Also preliminary in the financial planning process is risk management. That required students to analyze their cash/liquidity situ-ation and needs, current debt and debt reduction strategies, and current insurance needs. There was a small tax component too.
Students use a website that takes their pretax income and computes their take-home pay based upon filing status, deductions for health insurance, 401k contributions, and the like. “That $45,000 job offer looks a lot less impressive after this exercise!” explained Norton. “It also gives them guidance as to how much they can really afford for rent. Most quickly realized they shouldn’t base their rent budgets on their pretax income!”
All this culminated in individualized investment plans created using Morningstar Principia Asset Allocation. The program com-bines the saving/spending plan in a Monte Carlo simulation using the student’s target portfolio’s expected return and risk measures to simulate how their wealth will change over their lifetime—and what the probability is, given the assumptions, of running out of money before their expected lifetime ends—a scenario nobody is interested in experiencing firsthand!
Norton said it was obvious many students put a lot of time, effort, and thought into the project, which he designed to dovetail with core concepts embedded in the course. A common response from participants—“This is one of the best projects I’ve had to do at ISU!”
Stephanie Nichols ’10 is a customer service representative for Office Max. She found the project to be a real eye-opener.
We filled out a spreadsheet that showed how much we would spend on gas, movies, concerts, rent, insurance, food, and cloth-ing—anything you could think of. It added up so quickly. I actu-ally got to see how much I spent over a month and at the end of the year. Then using that information I figured out how much I could save for a down payment for a future car, future children’s college tuition, or a down payment for a future house. These are things some of us don’t think about saving for ahead of time. But after this project I opened a separate account so I do have money saved up. I don’t want to wait until the last minute and have to
worry about where the money is going to come from! I am also working to save about three to six months of living expenses in a separate account known as an “emergency fund.”We also learned a lot using Principia Asset Allocation Principia. It gave me such a great idea of how I want to invest my money. The graph showed where I wanted to allocate my assets, and the outcome left me very well set if I did it right. After I showed my friends how well my graph looked, they told me they wanted me to invest their money for them. There is not one thing I am abandoning from this project!
Interest in financial planning definitely extends well beyond Norton’s class. Exceeding all expectations when designed and pro-posed, enrollment in the new financial planning minor grew 75 percent from fall 2009 to spring 2010.
A new course in fixed-income security analysis and portfolio management was offered this year, adding to the deep investments curricula. According to Finance Chairperson Gary Koppenhaver, many of the first positions secured by Department of Finance, Insur-ance, and Law graduates are in fixed-income security management. “The course helps graduates differentiate themselves in the job market and links theory with practice in a way that’s consistent with the Edu-cational Investment Fund course experience,” he explained.
ENTREPRENEURSHIP OPPORTUNITIES EMERGE THROUGH COLEMAN FOUNDATION GRANT“Before you do anything, make sure you have a plan. Yes, my idea worked for me, but I was lucky!” That was the advice from artist turned entrepreneur Robert Fishbone, who served as the E-Day 2010 keynote speaker. Fishbone is the author of Selling the Scream, which recounts his experiences with starting and grow-ing a successful company known worldwide for edgy products
and excellent customer service. His company’s signature product is an inflatable figure based on Edvard Munch’s painting, The Scream. E-Day, which also included a business plan competition and a creative idea competition
for students with cash prizes, as well as break-out seminars led by successful entrepreneurs, was a hit with the students, alumni, and community members who participated.
Local business leaders served as judges for the two student competitions. The winner of the Business Plan Competition was Chris Ankele ’10. The senior management major pitched an idea for a company called Student Moverz. The goal of his company is to provide relief on one of the most inconvenient days of the school year, “move out” day. The company offers storage for students who
SeniorfinancemajorEricFettner
pitcheshisideatojudges.
EdgarNortonhelpsstudents
applyfinancialplanning
conceptstotheirownlives.
Continued on page 10
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10 IllinoisStateUniversityCollegeofbusiness
need it over summer vacation, and would also aid students in mov-ing from their current house/apartment to their new one.
The winner of the Creative Idea Competition was international business major Mark Phelan, who pitched an idea for a cubicle bike network. The idea proposed a way to encourage exercising at work while also generating electricity by placing a mobile bike station at every desk.
The Institute for Entrepreneurial Studies (IES) in the Depart-ment of Management and Quantitative Methods (MQM) at Illinois State University received a $55,000 grant from the Coleman Foun-dation, Inc. The money is being used to enhance entrepreneurship
education, student and faculty travel to national entrepreneurship conferences, alumni communications, and other special events sponsored by IES including E-Day.
“Support from the Coleman Foundation attests to the already high quality of the Illinois State Uni-versity entrepreneurship program, our students and talented faculty,” said Jim Jawahar, chair of the Department of Management and Quantitative Methods, who coauthored the grant proposal with IES Director, Mark Hoelscher.
Based in Chicago, the Coleman Foundation is a private, independent grant making foundation that funds educational institutions offering entrepreneurship education throughout the United States. It
previously awarded a separate $15,000 grant to IES for the develop-ment of the Coleman Fellows Program to advance self-employment and entrepreneurship education in nonbusiness courses at Illinois State. Mark Hoelscher serves as Coleman Fellows director. Professors Klaus Schmidt and Dan Wilson, Technology Department, and Lau-rie Thompson Merriman, School of Theatre, are Coleman Fellows.
For additional information about the Institute for Entrepre-neurial Studies at Illinois State University’s College of Business, contact Jim Jawahar [email protected] or Mark Hoelscher [email protected] or visit www.cob.ilstu.edu/ies.
WHY WE BUY WHAT WE BUYBY MICHAEL BOYD
Shoppers like to believe they are in control while making purchases. Whether it’s groceries, clothes, or a new car, many people feel outside influences don’t determine what they buy. Researchers in the Marketing Department at Illinois State University conducted a study at Dave’s Supermarket in Fairbury to see how many and
what types of factors are observed before making a purchase. The way they did it—mobile eye-tracking.
Faculty members Peter Kaufman and Gary Hunter along with several gradu-ate assistants partnered with Perception Research Services (PRS) to conduct the study.
PRS developed the use of mobile eye-tracking glasses more than 30 years ago and remains a leader in the field.
The glasses have a recording device that traces eye movements and the images from the retina are reflected onto an infrared camera. The images are recorded with computer software. After a short cali-bration period a computer monitor shows what the customer can see and a small red dot appears exactly where he or she is looking.
Data was gathered on about 60 customers throughout the weeklong experiment. Shoppers had to be alone, more than 18 years old, and intend to buy either cereal or bottled juice before being asked to participate. Since only data from the cereal and juice aisle would be used, the customers were asked to start their shopping a few aisles away to get accustomed to the glasses.
“We made every effort not to interfere with normal shopping routines,” Kaufman said. “After a short time most customers didn’t even know they were wearing the glasses given how light they are.”
There are several different factors used in determining how much thought was given to buying a certain product. One is the correlation between brand loyalty and the number of competing products observed. The hypothesis was that a higher brand loyalty would shorten search time.
Another factor was the amount of information the customer searched for. By observing how many shoppers read nutrition and price labels, the researchers have a better understanding of what cus-tomers look at before making a choice.
“It was interesting to see why a customer chose a specific cereal and when that decision was made, prior to or during the shopping experience,” said Justin Steffen, assistant manager of Dave’s Super-market. “All customers’ grocery lists were photocopied and coded in the research to see what impulse purchases were made.”
Although the research has ended, the experiment is far from complete. Kaufman and Hunter are in the lengthy process of evalu-ating hours of video footage before they publish their results.
“It will be a number of months before we can complete the report and start the publication process,” Hunter said.
Once the results are published, Kaufman feels it could benefit everyone.
“Potential outcomes of this study could help both advertis-ers and consumers,” he said. “The packaging company’s aim is to encourage shoppers to see, evaluate, and buy a specific package. Consumers may benefit by a better understanding of how they shop. Shoppers may believe their decisions are well thought-out but some may in fact be made irrationally or without much thought.”
The next time something big and flashy catches your eye at the store consider more than just the appearance before you toss it in the cart.
“ Support from the Coleman Foundation attests
to the already high quality of the Illinois State
University entrepreneurship program, our
students, and talented faculty.”
E-Daycompetitorssaid
theygainedvaluablepre-
sentationexperienceand
real-worldfeedback.
Entrepreneurshipopportunities, continued from page 9
KaufmanandHuntermeasureshelf
spacegiventovariouscerealsaspart
oftheireye-trackingexperiment.
IllinoisState.edu/business 11
ALUMNI HALL OF FAME INDUCTEES
GARY GEMBERLING ’63 BUA
Gary Gemberling is a suc-cessful entrepreneur, who holds professional certifi-cation as a certified pub-lic accountant, a personal financial specialist, and a certified financial planner. Gemberling founded four
CPA firms and sold three of them. He is a founding partner of O & G Financial, and served as CFO of Malcolm Group, Inc. from its inception in 1973 until its sale in 2007, overseeing all financial aspects of a five com-pany conglomerate operating worldwide in the areas of manufacturing, mail order, and Internet marketing.
Gemberling is actively involved within his community and has been honored for his service to others. He established and funded the Herbert Sieg Endowed Scholarship in the College of Business.
DUANE LIVINGSTON ’70 ACC
As the first African-American Vice President at Caterpillar, Duane Livingston enjoyed a spectacular rise from his first position there as an hourly laborer. When he retired in 2002, Livingston was responsible for world-
wide Financial Services/Operational Auditing, Information Technology Auditing, Business Risk Management, Corporate Environment/Health/Safety, and Office of Business Practices/Ethics.
Livingston has been involved in leadership positions with civic and professional organi-zations both locally and nationally. In addi-tion to funding an endowed scholarship and mentoring minority students in the College of Business, Livingston was instrumental in securing a six figure gift from Caterpillar to help fund portions of the College of Business Building.
DAVE MAGERS ’77 ACC, ’86 M.B.A.
David Magers has been executive vice president and chief financial officer of the COUNTRY Financial group since 2003. As CFO of the COUNTRY group, he also serves as CFO and on the boards of directors
of COUNTRY’s three alliance companies: Holyoke Mutual Insurance Company, Salem, Massachusetts; Middlesex Mutual Assurance Company, Middleton, Connecticut; and Cotton States Insurance Group, Atlanta. Magers pre-viously served as COUNTRY vice president of Property and Casualty Operations. He also held accounting and finance related positions with GROWMARK Inc.
Magers, who serves on multiple boards, was named Central Illinois Louis J. Barger philanthropy volunteer of the year. Among his service commitments is his role as chair of the Advisory Board for the Katie School of Insurance.
MARK THORNDYKE ’85 FIN
A Certified Financial Planner and a Certified Investment Management Analyst, Mark Thorndyke is a senior financial advisor and first vice president of invest-ments at the Global Wealth Management Chicago Metro
office. He has been recognized by Merrill Lynch every year since 1997 for reaching award club levels. In 2008 he was honored with their prestigious Circle of Champions Club. In 2009 and 2010 Barron’s Magazine named Thorndyke as one of the top 1,000 advisors in America.
Thorndyke supports many nonprofit organizations and enjoys mentoring students managing the Education Investment Fund at Illinois State. He is president of the Sigma Tau Gamma-Gamma Psi Alumni Association at Illinois State and is passionate about coaching his four children’s sports teams.
DONNA F. ZARCONE ’79 ACC
Donna F. Zarcone is founder of D.F. Zarcone & Associates LLC, a strategic advisory firm providing consulting at the executive and board level. During her eight-year ten-ure as president of Harley-Davidson Financial Services,
Inc., managed loans grew from $1.1 billion to over $6 billion, and annual operating income increased from $20 million to more than $200 million. Zarcone serves on the Boards of Directors for the Chamberlain Group, Inc., CIGNA Corporation and Jones Apparel Group, Inc., and the Board of Managers for Wrightwood Capital.
Community service remains a prior-ity for Zarcone, who serves on the boards
of the Economic Club of Chicago; the National Association of Corporate Directors-Chicago Chapter; the Polsky Center for Entrepreneurship at the University of Chicago; and the Hyde Park Angels.
HALL OF FAME SERVICE AWARD WINNERS
JAY EDMONDSON
When he retired after a 42-year career at State Farm, Jay Edmondson was vice president–underwriting and service. His responsibilities included the underwriting of automobile insurance and the development of business
systems for the State Farm Companies. Edmondson served on the Board of
Directors of the Conference of Casualty Insurance Companies, the National Association of Mutual Insurance Companies, and the Maryland Automobile Insurance Fund. He was named emeritus advisor to the Katie Insurance School, having served as both a member and as chair of the Insurance Executives Advisory Board. The Edmondson-Miller Endowed Chair is named in recognition of his services to the Katie School. Edmondson serves as a member of the Senior Professionals of Illinois State University.
GEORGE EOVALDI
George Eovaldi retired in 1994 as vice president of accounting for State Farm. He began his career with the company as an account-ing trainee in a two-year management development program. Eovaldi’s CLU and
CPCU designations guided his work devel-oping systems and practices to record and maintain State Farm’s business information in an accurate and efficient manner.
Eovaldi was the company’s representa-tive to the American Assembly of Collegiate Schools of Business for five years and served on the College of Business and Accounting Department advisory councils for many years. He provided extensive service to the McLean County United Way and continues supporting many other community organizations. Five of his six children are Illinois State University graduates.
The accomplishments, commitment to excellence, and professional integrity
embodied by our Hall of Fame inductees serves as inspiration for students, faculty,
alumni, and industry partners. Each of these new honorees provided individual
presentations to students tied to core concepts of PRiME and were honored
through a formal induction ceremony during Business Week 2010.
2009–2010 HALL OF FAME
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KEYNOTE PRESENTATION
“I’m proud to be an ISU graduate! My education has given me the foundation to pursue my dreams.” That is how Business Week 2010 keynote speaker LaVerne Council, M.B.A. ’86, corporate vice president and CIO, Johnson & Johnson laughingly responds to
executives who assume she must have an Ivy League background.
Council, who was inducted into the College of Business Hall of Fame in 2009, returned to campus to share “Own Your Future—Realizing That the Dream Doesn’t Just Happen” to an enthusiastic crowd in Braden Auditorium. Council believes change is the only constant and in her casual and conversational style, she shared stories from her own professional life that modeled how to embrace risk, avoid pitfalls, and employ attitudes and behaviors that ensure success. It is clear her strategy works. Council, who began her career at State Farm in Bloomington, shared how she added new understandings and expertise in each phase of her career.
During her visit Council also hosted the Women in Technol-ogy Forum. During this informal conversation participants explored the opportunities, challenges, and key issues facing women in the field of information technology.
As Corporate Vice President and Chief Information Officer, Council oversees Johnson & Johnson’s global I/T group. In this capacity, she is responsible for managing information technol-ogy and related systems for the $63.7 billion Johnson & Johnson
worldwide enterprise. A member of the Corporate Global Operat-ing Committee, her organization includes more than 250 operating companies and more than 4,000 information management employ-ees. In June 2010 Drexel University conferred the honorary degree of Doctor Business Administration upon Council. She delivered the commencement address, “Share Your Humanity Along the Way” to the College of Information Science and Technology and the Antoi-nette Westfall College of Media & Arts.
Before joining Johnson & Johnson, Council was Global vice
president for Information Technology, Global Business Solutions, and Development Services for Dell Inc. In this capacity, she served as the information technology leader for EMEA, Asia, Global Soft-ware Services, and I/T Globalization with responsibility for optimiz-ing the global project delivery capability. Additionally, Council was a Partner at Ernst & Young where she led the Global Leader Supply Chain Life Sciences Practice.
SOFT SKILLS FOR SUCCESS
In today’s business environment, not knowing how to communi-cate effectively over a meal or in a networking situation with an employer can be a professional deal-breaker. Just as important is understanding whether your business attire is truly appropriate for interacting with employers, colleagues, and customers from different generations and industries.
Stephanie L.H. Calahan ’95, founder and CEO of Calahan Solutions Inc., a premier productivity consulting firm, served as the featured speaker and emcee for an interactive dinner and fashion show during which students and employers matched their professional fashion savvy against a panel of business executives as they critiqued College of Business faculty and student models in business casual, interview, and business formal attire.
More Business Week “soft skill” coaching was available through mock interviews. Thanks to more than 15 com-panies who sent professional recruiters to campus, students were able to complete 30-minute mock interviews that included instant coaching, constructive feedback, and a resume critique. Participants were able to choose a traditional, panel, or phone interview based on their personal needs.
CORPORATE SOCIAL RESPONSIBILITY DAY
Members of the Business Week 2010 team coordinated the group’s first event focusing on corporate social responsibility (CSR). One core aspect of CSR is giving back to the community in which you live and work. Students, community members, faculty, and staff participated in the “Build-a-Blanket” initiative that was supported by featured partner Nicor Gas. Together participants assembled more than 100 fleece blankets for local nursing homes, homeless shelters, and low-income daycare centers. An interactive display adjacent to the work zone allowed participants to build further understanding of the various aspects of CSR.
BUSINESS WEEK 2010
LaVerneCouncil,M.b.A.’86
“ I’m proud to be an ISU graduate! My
education has given me the foundation to
pursue my dreams.”
MeghanDelaney’10whoservedonthe
businessweekTeamenjoyedanarray
ofnetworkingexperiencesthroughher
participation.
IllinoisState.edu/business 13
TRANSITION SEMINARS
Knowing how to make a smooth transition from student to professional is important. While essential technical skills and concepts are taught in business classes, other under-standings are required to make the most of the college experience and then success-fully navigate the first few years on the job. Sixteen alumni in different professions and career phases returned to campus to pro-vide their insights and advice through eight interactive mini-seminars.
If I Knew Then What I Know NowThe 411 on interviews, internships, and networking
Jamie Johnson ’05, ’09 M.B.A., senior internal auditor, GROWMARK; and Ron Whitton ’80 BUA, founder, Dentsmart
What Can An RSO Do For Me?The importance of being active within your college
Jason Clay ’03 (MKT), ’06 M.B.A., busi-ness banker/vice president, National City, now a part of PNC; and Kristen Covey ’96 (FIL) accounts receivable shared services corporate treasury, Caterpillar, Inc.
Social Networking 101How to use social sites to your advantage
Stephanie Lara ’02 (FIL) director of regulation, National Stock Exchange in Chicago; and Bethany Struebing ’05 B.S./M.P.A., senior associate, PricewaterhouseCoopers, LLC
You’ve Got the Job, Now What?How to negotiate job offers and benefits packages
Rob Zmudka ’89 (MKT), vice president and executive director of strategic sales, GATX Corporation; and Joe DeCock ’91 (BUA), manager of compensation systems, systems training and consulting, Walgreens
Beat the Tough EconomyTips and tricks for standing out in the crowd
Eric Hoss, ’90 M.B.A., director of financial services, State Farm Insurance; and Kelley Smith, ’81 ACC, principal, Kensington Realty Advisors, Inc.
The Essential FiveMandatory questions to ask before accepting the job
Curtis Schatz ’08 (MKT), sales associ-ate multiunit specialist, Edward Don & Co.; and Tracey Kosky ’90 (MKT), senior account manager, Fannie Mae
Dodge DebtMoney management tips after graduation
Michelle Rojo ’90 (FIL), manager internal control & audit, Zurich Insurance; and Kevin Doyle ’77 (BUA), vice president of mergers & acquisition, Arthur J. Gallagher
Master Your M.B.A.When and how to take on the challenge
Mike Zora, ’08 M.B.A., manager of busi-ness development, Archer Daniels Midland Company; and Javier Jurado ’06 M.B.A., financial analyst, Caterpillar Inc.
COMMITTEE
More than 2,000 individuals participated in various Business Week events, thanks to the hard work of a dedicated team of student leaders who spent seven months planning and implementing the activities in collaboration with the dean’s staff and the Career Center.
Student executive membersMeghan Buddemeyer–presidentKatelyn Johnson–vice president
/IMC coordinatorKaren Jacquot–secretary
/assistant CSR coordinatorTracey Ta–COB IMC coordinatorAshley Littlefield–campus IMC coordinatorStephanie Mezzano–professional
development coordinatorAndrew Wetzel–professional
development coordinatorDoug Johnson–CSR coordinatorDaniel Tadder–alumni coordinatorMeghan Delaney–involvement coordinatorRebecca Kagan–catering coordinator
Implementation teamAshley Barber, Jessica Fox, Brittany Guess, Elyse Klimek, Steven Krug, Lisa Ma, and Kelsey Mroczka.
Capacityaudiencesfilledthetransitionseminarsasstudentssoughtreal-worldadvicefrom16alumni.
LaVerneCouncil,M.b.A.’86,corporatevicepresidentandCIOofJohnson&Johnson,joinsDean
ScotJohnson,PresidentAlbowman,andmembersofthebusinessweek2010team.
PARTNERSThe extensive opportunities available
to students, faculty, alumni, and com-
munity members during Business Week
2010 were made possible through the
support of the following companies and
individuals:
PLATINUM PARTNERS
Johnson & Johnson and Nicor Gas
SUPPORTING PARTNER
Archer Daniels Midland
PARTNER
Scottie and Deborah Venable
CONTRIBUTING PARTNERS
Afni, Inc., Caterpillar Inc., Citizens
1st National Bank, Commerce Bank,
COUNTRY Financial, Heritage
Enterprises, Inc., Kensington Realty
Advisors, Inc., McDonald’s Corp., State
Farm Insurance, and Widmer Interiors
Employers and alumni interested in
being involved with Business Week 2011
can contact Amy Humphreys alhumph@
IllinoisState.edu or (309) 438-2646.
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14 IllinoisStateUniversityCollegeofbusiness
COB NEWSNational Recognitions for the College of Business
As a graduate of Illinois State University’s College of Business you might wonder “Why should I care about national rankings?” Good question. External recognitions provide unbi-ased validation of the excellent preparation we provide graduates and that “distinction” adds value to your degree. Awards and rankings:
• Make us the college of choice for top-caliber students who then perpetuate our reputation for excellence.
• Enable us to recruit and retain highly-respected faculty to prepare tomorrow’s business leaders.
• Reaffirm for employers that hiring alumni of the College of Business means they are bringing highly qualified professionals into their organizations.
So join us in celebrating our shared success!
BusinessWeek magazine
BusinessWeek magazine has once again ranked Illinois State University’s College of Business as one of the country’s best undergraduate business schools. Illinois State is listed among the top 100 schools nationwide and as the third highest ranking undergraduate business school in Illinois.
Illinois State placed 89th in the recent BusinessWeek Top Undergraduate Business Programs rankings, making 2010 the third year out of the last four that the College of Business has been listed in the top 100 pro-grams. Other business schools that made the rankings were: Northern Illinois University (94), University of Iowa (96), University of Nebraska (102), Loyola University (103), and University of Illinois–Chicago (105).
“This is a fantastic tribute to our stu-dents, alumni, staff, faculty, and recruiters,” said Scott Johnson, dean of the College of Business. The special recognition by Business-Week, an independent and highly respected business publication, reinforces our commit-ment to excellence in business education.”
International business
Illinois State is one of just 20 business schools nationally to have full membership status in CUIBE, the Consortium for Under-
graduate International Business Education. The group is comprised of nationally recog-nized international business programs from across the United States.
Illinois Board of examiners
Illinois State University has the highest pass rate for public universities in the state on the Certified Public Accounting Exam. It is among the top five schools nationally on each of the four parts of the CPA exam for the 64 schools reporting 50+ students taking the exam.
Top ranked insurance program
The International Risk Management Insti-tute, Inc. identified our College of Business as one of 29 schools nationally for compre-hensive preparation of graduates in risk man-agement and insurance. According to Jack Gibson, the organization’s president, students from programs like ours, which places a major emphasis on RMI studies (rather than as a sideline to some other business major), produce graduates who get off to a much faster and more productive start in an insur-ance organization. In addition, the College of Business was recognized as having one of the country’s largest and best undergraduate risk management programs by Risk Magazine in 2008 and 2009.
Human resource management
The College of Business is recognized as one of just 37 traditional undergraduate programs across the world to meet the demanding cur-riculum and educational standards set forth by the Society for Human Resource Manage-ment (SHRM).
Professional sales
For the fourth consecutive year, the Col-lege of Business sales program was named one of the top in the United States by the University Sales Education Foundation. The Professional Sales Institute (PSI) is one of only 48 programs globally to meet the requirements for this distinction. It boasts a comprehensive sequence of sales and manage-ment classes, including seven sales-specific courses, state-of-the-art training facilities, numerous internship opportunities, executive education programs, and core faculty mem-
bers with extensive real world sales experi-ence. In addition, PSI is one of only 11 sales programs nationwide that meet membership requirements for the University Sales Center Alliance and the Professional Society for Sales & Marketing Training.
M.B.A. excellence
Illinois State University’s College of Busi-ness is once again one of the best choices for earning an M.B.A., according to the 2010 edition of Best 301 Business Schools, published by Princeton Review. Inclusion signifies our M.B.A. program is one of the best AACSB-accredited M.B.A. programs in the world.
IllinoisState.edu/business 15
News and Views wins national award
The 2009 issue of News and Views, the annual alumni magazine of the College of
Business, won the gold medal for insti-tutions with enroll-ments of 20,000 or above from Higher Ed Marketing. Amy Humphreys, assis-tant to the dean for constituent relations writes and edits the
magazine. Jon Robinson serves as the graphic designer. Kate Arthur, a staff writer for Uni-versity Marketing Communications, also contributes to the magazine.
The Education Advertising Awards, formerly known as the Admissions Advertis-ing Awards, is the oldest, largest, and most prestigious international advertising awards competition, with more than 3,500 entries submitted last year from every state in the country and multiple foreign countries. A panel of industry specialists reviewed each piece, judging creativity, marketing execution, and impact of message. Awards were given for several categories of marketing materials.
Tenure and promotion
Dan Goebel (MKT) and Jay Rich (ACC) were promoted to professor. Glenn Bailey (BTE), Peter Foreman (MQM), Rosie Hauck (ACC), Peter Kaufman (MKT), and Nat Pope (FIL) were promoted to associate professor and granted tenure.
New faculty
Rachel Birkey is completing her dissertation at the University of Illinois. Her teaching interests include federal income taxation and advanced tax, covering corporate, part-nerships, estate, and gift taxation. Birkey’s research includes perceptions of taxation, taxpayer behavior at the individual level, and shareholder responses to corporate tax policy.
Vladimir Kotomin holds a Ph.D. in business administration (finance) from the University of Central Florida and comes to the department from the University of Wis-consin–Eau Claire, where he held an appoint-ment as an assistant professor of finance. His research and teaching interests are in financial markets and institutions, money markets, and financial institution management.
Yongmei Liu earned her Ph.D. from Florida State University in fall 2006. Her
primary area of study was organizational behavior and human resource management, with a secondary area in strategic manage-ment. Her main research interest is emotion in organizations. Yongmei taught at the Uni-versity of Texas at Arlington for two years before joining Illinois State. This fall she is teaching Human Resource Management and Recruitment & Selection.
Doan Winkel received his Ph.D. in Management Science from the University of Wisconsin–Milwaukee, and teaches Intro-duction to Small Business and Entrepreneur-ship using an experiential approach. His research focuses on entrepreneurship educa-tion, the determinants of entrepreneurship success and the work-family interface.
M.B.A. News
In April more than 100 students, alumni, faculty, staff, and business leaders gathered at the new Marriot Hotel and Conference Center in Normal for a networking dinner. The event, which began with a social hour, featured keynote speaker and author Eric Hoss, ’90 M.B.A. His address, “Removing Doubt in the Interview: A Better Way to Get the Job You Want” was based on his book of the same title. Hoss is director of financial services at State Farm Insurance.
A new elective course offered this semester was created in direct response to student feed-back. Executive Leadership in Today’s Organi-zation will be offered for the first time this fall. Taught by Ron Thein, vice president at State Farm, the course will focus on understanding and skillfully navigating the challenges and dynamics of the “people side” of business.
Currently 160 students representing 20 different countries are enrolled in the tradi-tional M.B.A. program.
The Corporate M.B.A. Program is run-ning two simultaneous cohorts on campus. The 2008–2010 cohort has 30 students enrolled. They are scheduled to graduate in December. This group has representatives from ADM, Caterpillar, State Farm Insur-ance, COUNTRY Financial, and Tate and Lyle, among others.
The 2010–2012 edition has 27 students enrolled. The group will complete all course work in June 2012. Participants represent companies, including Caterpillar, State Farm Insurance, COUNTRY Financial, GROW-MARK, and Afni.
The M.B.A. office is planning a Corpo-rate M.B.A. reunion for all cohort graduates dating back to the inception of the program in 1994. More details regarding this event will be released as they become available.
FACULTY AND STAFF AWARDS
Aysen Bakir (MKT)wasoneofthreerecipients
of the 2010 Academy of Marketing Science
Outstanding Teaching
Award.Herfocusispro-
vidingastrongtheoreti-
cal base and comple-
mentingthatwithexpe-
riential instructional
methods. One recent
projectincludedstudent
teamsworkingwithregionalretailerstodevel-
op comprehensive promotional campaigns.
bakir’sregularuseofsimulationsrequiresher
studentstoexamineproduct,pricing,distribu-
tion,andpromotionalaspectsofmarketingto
competeagainstother firms ina“real-world”
businesscontext.
Illinois State University President Al bowman
has appointed Victor Devinatz (MQM) as
Distinguished Professor
at IllinoisState. Inaddi-
tion to having authored
more than 100 journal
publications,Devinatz is
afrequentmediaexpert
for international-level
publications,suchasThe
EconomistandThe South China Morning Post
as well as the Bureau of National Affairs in
washington,D.C.
Han Bin Kang (FIL)receivedthebestpaper
awardininsuranceandrealestatefromthe
academicjournal Managerial Finance.
Gary Hunter (MKT)—COUNTRYFinancial
FacultyScholarsAward
Meredith Downes (MQM)—ManahanFamily
AwardforTeachingExcellence
Farzaneh Fazel (MQM)—Collegeofbusiness
ServiceAward
Aysen Bakir (MKT)andVictor Devinatz
(MQM)—CollegeofbusinessOutstanding
Research
Terry Noel (MQM)—wilmaJeanAlexander
TechnologyAward
Rick Ringer (MQM)—M.b.A.ProfessoroftheYear
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Student and organization recognitions
Bone Scholars
We are proud to announce that four of the 14 students named Bone Scholars, the highest academic distinction at Illinois State University, are from the College of Business. Congratulations to the following students for earning this recogni-tion and continuing to build the college’s reputa-tion for excellence:
• Jacqueline Holland, an agribusiness/finance major from Apple River
• Bradley Johnson, a finance/biological sci-ences major from Gib-son City
• Jacqueline Ottens, a marketing/international business major from Fulton
• Joseph Wagner, an international business/finance major from Lansing
Jack North Student Leadership Award
The Jack North Student Leadership Award was created to honor North, a retired senior executive vice president at State Farm Insurance and 2009 College of Business Service Hall of Fame inductee. This annual award
honors an outstanding senior who shows significant potential as a future business and civic leader. In addition to a cash award, the recipient offers remarks at the College of Business commencement ceremony. This year’s Jack North winner was finance and insurance major, Doug Johnson ’10 from Gibson City. While a student at Illinois State University Johnson earned numerous distinc-tions including:
• Robert G. Bone Student Scholarship• Lincoln Academy of Illinois Student
Laureate• Gamma Sigma Honor Society
• 2010 American Agricultural Insurance Company Scholarship
• David & Karen Magers Insurance Scholarship
• Munich Re Scholarship • RLI Insurance Scholarship
Johnson was in the Honors Program and on the College of Business Dean’s List. He served in leadership roles in Gamma Iota Sigma, Beta Gamma Sigma, and coordi-nated the first Corporate Social Responsi-bility Day as part of Business Week 2010. Johnson’s community involvement included the ISU Relay for Life, Habitat for Human-ity Collegiate Challenge in Columbus, Georgia, Habitat for Humanity in Bloom-ington, and service as a Junior Achieve-ment Teacher. He was active in RecSports Intramural Sports League and on the Daily Vidette Publication Board.
After graduation Johnson joined the Risk Analyst Rotation Program with Munich Re America in New Jersey. “My short-term career goals are to complete my CPCU designation, and following the completion of the training program, I hope to establish a good under-writing portfolio and move up within my company to a senior underwriting position.”
M.B.A. awards
Neil Alcorn—Robert Crowell Endowed M.B.A. Scholarship
Nate Heinold—McClure Financial Group/Northwestern Mutual Outstanding M.B.A. Student
Larry Bratton and Jerrod Wickler—Heritage Enterprises Outstanding M.B.A. Students
Heather Harper—M.B.A. Program Out-standing Full-Time Student
Jenny Thayer—M.B.A. Program Outstand-ing Part-Time Student
Sales students donate commissions
A junior/senior level sales class in Illinois State University’s Professional Sales Institute donated more than $7,600 of commissions from the sale of Cutco cutlery to an organization that assists developmentally challenged adults.
During the fall 2009 semester, students in Jill Attaway’s Personal Selling and Rela-tionship Marketing course gained profes-sional experience as sales representatives for Vector Marketing, the direct sales division of Cutco Cutlery Corporation. The sales com-missions earned by the students were given to Homes of Hope, Inc. of Normal, a nonprofit corporation that provides quality homes and support service to adults with developmental
disabilities regardless of social, racial, cultural, or religious affiliation.
The 75 students from the class made more than 560 sales appointments during the course of the fall 2009 semester and exceeded $21,000 in sales. During the past eight years, Illinois State’s Professional Sales Institute has partnered with Cutco Cutlery Corporation, a manufacturer and direct seller of high-end kitchen cutlery, to provide students with real-world experience as sales representatives.
Students support scholarship
The Financial Management Association (FMA) is a national student organization pro-moting understanding of careers in the finan-cial world by hosting speakers, field trips, and alumni outreach events. When students join the Illinois State University FMA chapter they know their dues will help support awards that recognize members who have made excep-tional contributions that enhance the value of FMA activities for all participants.
“These undergraduates are showing their collective desire to support the mission and vision of ISU and the College of Business,” said Finance, Insurance, and Law Department Chairperson Gary Koppenhaver. “They are paying the gift of education forward while still undergraduates and that is truly inspiring.”
Outstanding Student Chapter
The Illinois State University chapter of the Society for Human Resource Manage-ment received the Superior Merit Award
for the ninth consecutive year. Addi-tionally, the ISU-SHRM chapter was selected as a
2009–2010 Outstanding Student Chapter. The Outstanding Student Chapter Award recognizes chapters whose programs, activi-ties, and levels of participation during the academic year distinguish them from the other 470 student chapters. All SHRM student chapters receiving a Superior Merit Award for the current academic year are eligible to apply for the award. The Out-standing Student Chapter Award is given in recognition of significant activities within the following areas: promotion of certifica-tion, campus/community service, innovation/technology, programming/education, and recruitment. Chairperson Jim Jawahar and Joe Goodman of MQM serve as coadvisors of the group.
Holland
Johnson
Ottens
wagner
IllinoisState.edu/business 17
2010–2011 Early Career Achievement Award winners
The Early Career Achievement Awards cel-ebrate outstanding young alumni who have demonstrated innovative and responsible professional leadership and the potential for future distinction. Nominations are accepted April 15 through June 15 each year through the College of Business website. Congratula-tions to this year’s honorees.
Aimee (Hale) Butcher ’02 (marketing) is vice president at PNC Financial Services Group. She joined the retail management
program at National City Bank after graduation and has earned positions of increasing responsibility within the banking organi-zation. Butcher’s priorities include customer growth
and retention, gaining revenue and market share, and developing the professional capa-bilities of her team members. Butcher is a three-time sales champion and has earned other accolades for her work.
James A. Fielder ’01 (organizational leadership) is vice president of information systems at Farm Credit Services of Illinois
in Mahomet, where he leads a team of techni-cians, including system administrators, business analysts, and network administrators. He has coordinated several proj-
ects, including the deployment of advance Microsoft technologies, Cisco implementa-tions, and customer relationship manage-ment. Fielder completed his master’s degree in religious education in 2009 and earned a master’s of divinity from Liberty Univer-sity this year. Fielder will soon begin the doctorate of ministry program at Northern Seminary in Chicago. He is married to Tonya Fielder.
Jamie Goecking ’06 (integrated market-ing communications) is an associate media director at Chicago-based digital media
agency Fuor Digital, where she manages teams within the consumer packaged goods, travel, financial, technology, and entertainment industries. Goecking launched her
career during the company’s start-up and her resulting breadth of expertise in the evolving digital landscape includes search engine marketing, display, mobile and social media. Goecking’s top priority is leading
clients to a clear understanding of the role digital plays within their overall marketing strategies and implementing proper track-ing and analytics to measure the advertising return on investment.
Andrew Hoffman ’05 (accounting) is tax manager for Maui Jim Sunglasses, where he oversees tax planning and compliance for
operations in 12 coun-tries. He was involved in launching Maui Jim’s newest international distri-bution center in India and has been part of numerous operational teams for the
company, including the IT steering commit-tee and the website redesign team. Hoffman, who received the Excel Award from the Illinois CPA Society for outstanding perfor-mance on the 2005 Uniform CPA Examina-tion, resides in Normal with his wife, Eliza-beth ’04, and their daughter Alison.
Amar Kamath ’97 M.B.A. is vice president of marketing for BioReference Laboratories (NASDAQ = BRLI), the third
largest publicly held clini-cal laboratory in the U.S. In addition to leading the marketing function, Kamath is also involved in business development, intellectual property and
licensing, new technology acquisition, and new market strategies, as well as general management of one of the subsidiaries of BioReference. Previously, Kamath worked for Athena Diagnostics in various marketing roles. He developed his passion for healthcare while completing an internship at BroMenn Healthcare in Bloomington.
Mark Kazzaz ’07 (master of professional accountancy) specializes in developing inte-grated finance and IT solutions. He is at State
Farm managing a project designing a new business intelligence platform for financial reporting and analysis. He also leads State Farm’s Finance Technol-ogy Council and teaches
colleagues advanced data interrogation skills. Kazzaz’s previous experiences include IT con-sulting, IT security, financial advisory, and financial audit. Kazzaz is a CPA, an adjunct professor at Illinois State, and a volunteer in local classrooms. His business philosophy reflects a commitment to continuously chal-lenging the status quo.
David Nies ’03 (professional sales) is cofounder and president of the national Bal-lyhoo Mobile Marketing firm, specializing
in mobile coupons for restaurants, nightclubs, and auto dealers, to name a few. The firm also develops iPhone applica-tions for internal use by private industry clients.
Neis' responsibilities include revenue genera-tion, sales management, corporate strategy, and sales training. Nies volunteers as a board member with Daniel's Kids and serves as vice president of southeast initiatives for the Heartland Mobile Council. He resides in Ponte Vedra Beach, Florida, and frequents Ballyhoo’s second office in Denver.
Robert Parent ’97 (insurance) is a director of planning and analysis at State Farm Insurance, with leadership respon-
sibility for cost-benefit and incentive program analysis. Previously, Par-ent performed a variety of management roles in the company’s internal audit, expense processing, and
general accounting functions. Parent earned the Chartered Property Casualty Under-writer; Associate in Insurance Accounting and Finance; and Fellow, Life Management Institute designations.
Mike Patterson ’05 (business teacher education) teaches accounting, business law, computer applications, cooperative
education, and sports and entertainment marketing at Homewood-Flossmoor High School. Patterson has received the Outstand-ing New Professional Award from both the Illi-
nois Business Education Association and the Illinois Association for Career and Technical Education. He serves as the South Region president of Illinois Distributive Education Clubs of America (DECA). Patterson is the executive director of student government, the school’s DECA advisor, spring fundraiser concert coordinator, and a football coach. He completed his master’s degree in school improvement leadership from Olivet Naza-rene University.
Jaime Peters ’02 (finance) is a senior equity analyst at Morn-ingstar, Inc. in Chicago. Before joining Morning-star in November 2005, she was an equity analyst for State Farm Insurance Companies for three
years. Peters earned her M.B.A. from the
Continued on page 18
NEWS VIEWSAN
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18 IllinoisStateUniversityCollegeofbusiness
University of Chicago and is a Chartered Financial Analyst and Certified Public Accountant. Peters joined the Finance Department’s Educational Investment Fund board of directors in 2009.
Nicholas Porter ’05 (business adminis-tration) is COO of Porter Pipe and Supply, an industrial pipe, valve, and fitting whole-
saler. He began sweeping floors at this family-owned business at age 13. From warehouse laborer to counter salesman, to chief operations officer, Porter has earned his success.
Porter’s innovations, equipment, and opera-tional upgrades resulted in sales gains of 37 percent in 2007–2008 and reduced injury rates from 13 occurrences in 2008, to zero in 2010. A shareholding owner, Porter says he’s been in love with the company for as long as he can remember. Porter volunteers with the Misericordia Foundation for handicapped adults, the Special Olympics, and the Mead-ows Home for the Mentally Disabled.
Joseph Reynolds ’03 (entrepreneurship) is the founder and president of Red Frog Events, which has swiftly gone from a single person
company to a thriving $12 million business. With a unique company culture (Lego tables and free office beer) and a revolutionary management style (unlim-ited vacation days, sab-
baticals, etc.), Red Frog Events won the 2010 Stevie Award for North American Company of the Year. In 2010 they will hold The Great Urban Race in 23 cities across the country, where teams solve clues and complete zany challenges. Red Frog also offers Warrior Dash
events for thrill-seeking athletes. Reynolds was the recipient of the 2010 Outstanding Young Alumni Award from the University.
Antonio Rodriguez ’02, ’03 (interna-tional business) is video conference coordina-tor for the law firm of Seyfarth Shaw LLP,
which has offices in nine cities across the country and in Belgium. Rodriguez and his team facilitate the video interactions of more than 425 attorneys and coordinate upwards of 65
video conferences each month. Rodriguez began as a help desk analyst for the firm. Since then he has guided the development and maintenance of the internal infrastructure and helped establish the video conferencing capa-bilities at the Chicago, Atlanta, New York, Washington D.C., Los Angeles Century City, and downtown Los Angeles offices.
Tony Ross ’07 (business information systems) is a lead business analyst at State Farm Insurance. An agile practitioner, Ross
has led project teams implementing online applications, enhancing the digital customer expe-rience, and representing State Farm in B2B ecom-merce data standards from
an architecture perspective. He is an appli-cation architecture lead engaging in strategy and tactical level decisions while working as a liaison to business partners. Prior to launching his business career Ross served for nearly a decade in the Army where he was an aviation electronics mechanic for the Blackhawk helicopter and completed a tour of duty in Iraq.
Brian Shadix ’00 (human resources) is the director of career services for DeVry Uni-versity in Atlanta where he oversees nine cam-
puses in a five-state region and is responsible for building relationships with companies that lead to high employment levels for the schools' graduates. Shadix started his career as an
intern with the Spherion Corporation where he held the roles of recruiter, branch manager, senior branch manager, and area manager.
Shawn Taylor ’00 (master of science in accountancy) is an audit manager at Kerber, Eck & Braeckel LLP’s Springfield office. Tay-
lor’s responsibilities include supervising several financial statement audit teams on multiple audit engagements, completing and reviewing corporate tax returns, and meeting with clients. He
was previously a staff level auditor for Arthur Andersen LLP in Chicago. Taylor has been involved in volunteering for many different not-for-profit organizations. He is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society. Tay-lor lives in Springfield with his wife, Debbie.
THE GREAT URBAN RACE AT HOMECOMING
11 a.m., Sunday, October 17
Starts and ends at Fat Jack’s, Bloomington
Thewackyurbanadventurecompetition,knownastheGreatUrbanRace,willofferafamily-friendlyclosetoHomecomingweek.SlatedforSunday,October17,participantsinthisscavengerhuntwillusecluestofindcheckpoints,completechallenges,andnavigatethestreetsofDowntownbloomington,UptownNormal,andtheIllinoisStatecampus.
IllinoisStateUniversityhasbeentheonlycollegetobeselectedasahostlocationforTheGreatUrbanRaceforthepasttwoyears.Proceedsfromeachteam’sregistrationwillbenefittheAlumniAssociationScholarship,whichprovidesfinancialassistancetooutstandingstudentsatIllinoisState.
RegistertodayatIllinoisStateHomecoming.com/events/great-urban-race.
EarlyCareerAchievementAwards, continued from page 17
Mark your calendars…Joinusfrom2:30–3:45p.m.onFriday,
October15fortheECAApaneldiscus-
sionsintheCollegeofbusinessbuilding
andtheawardsandnetworkingrecep-
tionafterwardsinthelowerlevelatrium.
LaunchedatHomecoming2009,ourIllinoisStateUniversityCollegeofbusinessAlumniNetworkonLinkedInhasmorethan1,200membersinterestedinconnectingwithfellowgraduates.Designedtobeflexibleandprofessionallyrelevant,CObANcanhelpyou:
• Establishconnectionswithothergraduatesinyourprofession/industryorwithalumniinrelatedfields
• Findajoborrecruitoutstandingcandidatesforopenpositionsatyourcompany
• Accessprofessionalandsocialprogramsinyourareasofinterest
• ShareyourexpertisewithCollegeofbusinessclass-es,programs,andstudentorganizations
• MeetfellowCObgraduateslivingnearyouorrecon-nectwithfriendsandformercolleagues
• Maintainclosertiestoyourdepartment,favoritefac-ultymembers,theCOb,andIllinoisStateUniversity
ItjusttakesafewmomentstocreateaLinkedInprofilethatsummarizesyourprofessionalaccomplishments.Thereisnofeeforthebasicservice.Visitwww.linkedin.com,searchtheGroupsDirectoryfortheIllinoisStateUniversityCollegeofbusinessAlumniNetworkandputthepowerofyourRedbirdpedigreetoworkforyou.
IllinoisState.edu/business 19
COBAN QUOTES
“ Is participating in COBAN worth it? Yes! The COBAN group
on Linkedin has been an invaluable business tool for extend-
ing contacts and expanding resources. Since my recent
retirement as assistant vice president of
agency distribution at Allstate Insurance,
COBAN has provided valuable networking
opportunities that increase my effective-
ness as an entrepreneur. It has also been a
great resource for reconnecting with ISU
classmates and friends. It has even enabled me to establish
mentoring relationships with younger graduates. Now that
I’m entering a new phase professionally and am successfully
securing clients, I am making more use of COBAN than ever!”
Sharon Rossmark ’78, entrepreneur
“ The COBAN group allows me to stay on top
of the events and ideas coming out of the
COB and to network and reconnect with
other COB alumni in my field.”
Aaron Vaughn ’95, senior equity analyst, Edward Jones
“Only a few years ago, social networking was just a single technique used by a
few, but now it has become a strategic differentiator.”
COLLEGE OF BUSINESSALUMNI NETWORK
NEWS VIEWSAN
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20 IllinoisStateUniversityCollegeofbusiness
“ Our business has incorporated the use of social networks
(LinkedIn, Facebook, Twitter, blogs etc.) as strategic tools
for marketing and the recruitment of
top talent. Only a few years ago, social
networking was just a single technique
used by a few, but now it has become a
strategic differentiator. Being able to tap
into the COBAN network and build upon
its power and reach is an example of how we all can leverage
our strengths. Any networking has to be a two-way street of
information and assistance to be truly effective. One key to
successful networking is to share, or push, more information
than you pull.”
Andrew C. Jackson ’80, president, BravoTech
“The COBAN group on LinkedIn has helped me connect
with others who are in transition as well as people who are
employed and can help me with guidance and advice. I have
also used it to help others in need as well. During the eco-
nomic downturn I went through a job transition and found
just because I was unemployed didn’t mean I couldn’t help
someone else!”
Larry Garcia ’83, account manager,
Standard Industrial & Automotive Equipment, Inc.
“ When graduating or changing jobs, it can be hard to keep
up with former classmates and colleagues. I find LinkedIn is
a great way to stay connected with pro-
fessional colleagues all over the world.
I know I haven’t come close to using all
the potential LinkedIn and our COBAN
group hold, but it’s been wonderful to
reconnect with former mentors and val-
ued coworkers. I appreciate knowing that I can contact any
of these individuals quickly and easily.”
Amy Sajko ’05 M.B.A., trust officer, Commerce Trust Company
“I’ll admit for many years my LinkedIn account saw the same
amount of use as the treadmill in my basement. The only dif-
ference was my treadmill doubled as a convenient place to
hang clean dress shirts! Once I started investing more in it the
benefits were substantial and a world of contacts were open
that I had never imagined possible.
I’ve found the COBAN online community on LinkedIn has
provided an excellent platform for alumni from different gen-
erations to network. Through posting my blog articles (blog.
cisocialnetworking.com), participating in discussion forums,
and responding to requests for advice, I’ve been able to form
relationships with alumni from the ’80s and ’90s that other-
wise I probably would not have encountered. My blog is dedi-
cated to helping active and passive job seekers understand
how to properly leverage social networking tools in their job
search. By posting to the COBAN LinkedIn group I’ve seen an
increase in blog traffic and received some very insightful com-
ments left for discussion, all of which help me professionally.”
Eric Osterman ’04, contract recruiter, Memorial Medical Center
COBAN NETWORKING TAILGATE SPONSORED BY STATE FARM AND NICOR GAS
REDbIRDTAILGATEZONE
11A.M.–1P.M.(CST),SATURDAY,OCTObER16,201O
ThisisaFREEeventforCollegeofbusinessalumni,family,
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greatconversationinarelaxedsetting.
RSVPbyOctober11atwww.cob.ilstu.edu/events/rsvp/tailgate
orbycalling(309)438-2251.
ToorderticketsfortheHomecominggamevisit
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ableatIllinoisStateHomecoming.com.
FormoreinformationaboutCObANorthenetworkingtailgate
contact:
Amy Humphreys
Assistant to the Dean
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College of Business
(309) 438-2646
“I’ve found the COBAN online community on LinkedIn has provided an excellent
platform for alumni from different generations to network.”
Parker L. Lawlis ’57, M.S. ’61, director of
Placement Services Emeritus, Illinois State,
was recently honored with the E. Burton
Mercier Alumni Service Award by the
University. Lawlis taught, was a principal, and
worked at The Wall Street Journal before
joining the University in 1965. He retired in
1992 as director of Placement Services, hav-
ing received state and national awards for his
work. Lawlis served more than two decades
as a member of the Normal Town Council,
was a member of the McLean County Board,
and is past president of Home Sweet Home
Mission. He is an American Red Cross vol-
unteer, traveling the country helping others
following a disaster. Named Normal Citizen
of the Year in 1997, Lawlis is a volunteer and
driver at the Midwest Food Bank.
Richard A. Manahan ’65, M.S. ’71, Ed.D. ’75,
is vice president for University Advancement;
president/CEO, East Tennessee State
University Foundation; professor of accoun-
tancy/professor of educational leadership
and policy analysis, Johnson City, Tennessee.
He was presented with a Distinguished
Alumni Award by Illinois State University
this spring. Manahan is also a member of the
College of Business Hall of Fame.
Bill Erlenbush ’71, M.B.A. ’81 is execu-
tive director of corporate compliance at
GROWMARK. He has full responsibility for
the consolidated GROWMARK compliance
program, internal auditing, policies regarding
privacy, record retention, and business con-
tinuity. Prior to assuming this role Erlenbush
served as controller for the company.
*Kenneth T. Glover ’73 retired from
ExxonMobil and his position at Univation
Technologies after 35 years of service.
Bert Tanis ’73 is a brokerage manager for
CPS Insurance Services in Ogden Dunes,
Indiana.
*Pete Borowski ’74 is vice president and cor-
porate controller at COUNTRY Insurance and
Financial Services. He serves as president of
the College of Business Advisory Council.
*Tony Sorcic ’75, M.B.A. ’76, retired as presi-
dent and CEO of Citizens First National Bank
and Princeton National Bancorp Inc.
Bruce Lund ’76 is with Accounting364, which
provides everything from manual accounting
systems to mainframe software to clients in a
range of industries, including manufacturing,
publishing, construction, and not-for-profits.
Kevin J. Doyle ’77 is vice president of merg-
ers and acquisitions for Arthur J. Gallagher.
Sons Patrick ’09, Ryan ’09, and Sean also
work at the firm. Doyle’s eldest son, Kevin,
is an attorney for Gunty and McCarthy in
Chicago. Doyle and wife Christine have been
happily married for more than 30 years.
Doyle returned to share his expertise with
students during Business Week 2010.
Larry Flinn ’77 is the chairman and founder
of Flinn Scientific, Inc., a leading supplier of
science supplies and equipment to schools.
Flinn is the author of the Flinn Scientific
Catalog/Reference Manual, which most high
school science teachers consider their “safety
bible.” Over the past 33 years, he has person-
ally provided free laboratory safety training
to more than 100,000 science teachers. Flinn
has produced 550 video episodes on teach-
ing and motivating chemistry students. He
has been honored with awards and certifi-
cates from state and national science teacher
organizations for his work in laboratory
safety and was named by Chem 13 News, an
international newsletter for chemistry teach-
ers, as one of the seven most influential peo-
ple in high school chemistry education dur-
ing the last century. He and his wife Laurel,
are cofounders of the Laurel Foundation, a
nonprofit foundation that provides financial
support to established agencies that provide
direct assistance to people in need. Flinn was
inducted in the College of Arts and Sciences
Hall of Fame.
Wayne Rosenwinkel ’77 is the chief invest-
ment officer of Alliant Credit Union. In
2009 he served as the vice president of the
board of directors for Alliant Credit Union
Foundation. From 1979–2002 he was a senior
vice president at Bank of America.
Donald Schaffer ’78 is controller for TTX
Company, a leading provider of railcars and
related freight car management services to
the North American rail industry.
Wanita F. Thompson ’78 is senior vice presi-
dent and business development/business
banking/cash management services officer at
FREESTAR Bank in Bloomington. With more
than 30 years in banking, she offers expertise
in banking deposit services for both personal
and business financial needs. Thompson, who
resides in Bloomington, has a son, daughter,
and three grandchildren.
Donald D. Duncan ’80, M.B.A. ’87 is a
financial counselor and managing director
for D3-Design Develop Deploy Financial
Counselors LLC in Downers Grove.
Steven Sorkin ’80 is a mortgage loan officer
for Bank of America in Schaumburg.
Mary Fortney ’81, M.B.A. ’90, is controller at
GROWMARK, where she is responsible for
the full and accurate accounting of all assets,
liabilities, receipts, and disbursements of
the corporation, its divisions, and subsidiar-
ies. She is also responsible for a complete
set of internal controls for the protection of
corporate assets, ordering and billing func-
tions, and the preparation and filing of all tax
returns and information.
Victor Baldinger ’81 is president of Energy
Concepts and Solutions, a design/build
energy conservation company specializing
in lighting retrofit and consulting services.
He serves on the Advisory Board for the
Salvation Army Midland Division and is pur-
suing a black belt in the mixed martial arts.
Last spring Baldinger returned to campus to
speak with students about his business and
issues related to sustainability.
John Fruin, M.B.A. ’81, is the assistant direc-
tor of business analysis and research for
GROWMARK, Inc. in Bloomington. He joined
the company in 1982 and has held positions
of increasing responsibility. Fruin is respon-
sible for various analytical studies for acqui-
sitions, investment opportunities, operations,
and comparative financial results.
*Kelley Smith ’81 is principal of Kensington
Realty Advisors in Chicago, a SEC-registered
investment advisor providing investment
management and advisory services. Assets
under management of $1 billion include mul-
tifamily, industrial, retail, student, and senior
housing properties. Smith became chair of
the Urban Land Institute (Chicago) on July 1.
The organization brings together more than
1,100 stakeholders and serves as a critical link
in improving state and local land use policy
and development practices.
Paul Slade ’82 is president and CEO of Old
Plank Trail Community Bank. Slade was an
organizing member of this de novo bank
formed in 2006 with offices in Frankfort,
Mokena, and New Lenox. He resides in
Frankfort with his wife Margaret and their
three children.
*Jackie Ferree ’83 is the accounting pol-
icy finance manager for Chevron’s Global
Downstream organization, which consists
of worldwide refining, fuels and lubricants
marketing, supply and trading, and trans-
portation businesses with 2008 net income
exceeding $3.4 billion. Ferree’s account-
ing policy responsibilities include world-
wide adherence to current U.S. GAAP and
Chevron accounting policies and procedures,
as well as implementation of new accounting
guidelines and pronouncements.
IllinoisState.edu/business 21
ALUMNI UPDATES
Kevin O’Connor ’83 is a consultant with
Cornerstone Solutions in Oak Brook, the
premier Sage Timberline Office Solution
Provider for the Midwest since 1985.
Larry Palmer ’85 is vice president of mort-
gage lending for 1st Advantage Mortgage of
Northfield, a Draper and Kramer Company.
Les Teklics ’85 is manager of the
Environmental Products Division of Allied-
Locke Industries in Dixon, a manufacturer
of chains, sprockets, and buckets for a
range of industries and their material han-
dling needs.
Rodney Christo ’87 is vice president, control-
ler and treasurer of CCC Information Services
Inc., a leading vendor for information tech-
nology solutions in the automotive claims
and auto body collision repair industries.
Keith Billhartz ’88 is national account man-
ager for Day and Night Solar, LLC. The
company designs, installs, and services solar
systems of all sizes to meet an array of cli-
ent demands for clean, renewable energy.
He and his partner donated a solar system to
School District 7 in Edwardsville to increase
its use of renewable energy and offer hands-
on learning opportunities for students in
math and science classes.
Tom Gregory ’89 is an attorney and CPA
in Barrington at Gregory & Lai Attorneys at
Law. The firm provides representation to
clients in both litigation and transactional
arenas.
John Howley ’90 is vice president at JMB
Financial Advisors, LLC in Chicago.
Michelle Rojo, ’90, M.B.A. ’94, is the man-
ager for internal control and audit at Zurich
Insurance. She lives in Park Ridge with
her husband, Dan, and their three chil-
dren. Michelle served as a speaker during
Transition Seminars for Business Week 2010.
Stanford Westjohn ’92 is a tenure track
professor of international marketing at the
University of Toledo in Ohio.
Alana Berke ’93 is an account executive for
the air/ground shipping management com-
pany, Worldwide Express.
Melanie Ferengul ’93 is vice president cor-
porate and institutional services for Northern
Trust.
Elizabeth Westjohn ’93 is a self-employed
CPA specializing in business income tax,
outsourced CFO services, and financial state-
ment analysis.
Aaron Vaughn ’95 is a senior equity ana-
lyst–health care for Edward Jones. He serves
on the advisory board for the Educational
Investment Fund at Illinois State University.
Biff Myre ’93, M.B.A. ’95 is a director at
worknet, a company dedicated to helping
midsize companies operate and optimize
their IT investments. He and his wife Lori
Mazeika-Myre ’93, M.S. ’95, are parents of
two children.
Jerod Ferry ’97 is assistant vice president
and manager of the Eastern Region Client
Service Team at AFCO in Glenview.
Rachel Rone ’97 is a financial consultant with
RBC Wealth Management.
Nathan Wright ’00 is the director of devel-
opment for the School of Civil Engineering
at Purdue University, where he raises pri-
vate support for the school through alumni,
corporate, and foundation giving to fund
student scholarships, fellowships, professor-
ships, facility projects, and the school’s top
priorities.
Venky Peruvemba, M.B.A. ’00, is manager–
financial analysis, IT Finance for Motorola in
Schaumburg.
Keli Dawson-Davenport ’01 is chief executive
officer of Davenport Consulting Services, a
Chicago staffing solutions firm specializing in
technology, accounting, and finance.
Jason Duffy ’02 is a senior mortgage con-
sultant for Guaranteed Rate Direct. His main
focus is working with first-time home buyers
in the Chicagoland and Boston areas.
Stephanie (Marrin) Lara ’02 is director of
regulation at the National Stock Exchange in
Chicago. She and her husband, David, were
married in June 2009 and reside in Chicago.
During Business Week 2010 Stephanie
returned to campus to share her expertise
with students as a Transition Seminar speaker.
Chris Salrin, M.B.A. ’02, is western region
business manager for GROWMARK.
Previously he was director of propane opera-
tions for the company. Chris, his wife Dayla,
and their two sons live in Iowa.
Michael O’Leary ’03 is a regional sales repre-
sentative for DWS Investments Distributors,
Inc. of Chicago.
David Knight ’04 is an officer in the Wealth
Management Group at Northern Trust in
Chicago.
Eric Welchko ’04 is an analyst with Accuval,
a provider of corporate valuation and advi-
sory services.
Shaun Brady ’05 is a brand manager for
Enterprise Rent-a-Car and has been pro-
moted seven times since starting with the
company upon graduation. Brady lives in
Texas and loves it.
Marisa Coleman ’05 is a broker for IG
Markets, Inc. in Chicago, which offers a wide
range of OTC and exchange-traded products.
Sudhakar Kandanala, M.B.A. ’05, is an
account manager at AppsLabs, a developer
of iPhone applications.
Megan (Perry) Prentice ’05, M.B.A. ’07,
works as an employment consultant in
human resources at Illinois State University.
She and her husband, Chad, were married in
July 2009.
Brian Ward ’05 is completing graduate work
in education at the University of Missouri.
Ward plans to teach business and finance at
the college and/or high school levels after
graduation.
Justin Dickinson ’06 is an analyst in financial
planning and analysis for Walgreens Home
Care.
Jonathan Liening ’06 is an account execu-
tive–excess casualty for The Travelers
Companies, Inc.
Matthew McWherter ’06 is a financial advisor
for Ameriprise Financial in Chicago.
Carrie J. White ’06 was recently promoted
to senior sales manager for the Indianapolis
Courtyard, Springhill, and Fairfield Inn prop-
erties. Prior to that, she was the sales manag-
er for Residence Inn/Spring Hill Suites River
North in Chicago.
Traci Bennett ’07 is an account executive at
Madden Communications. Madden provides
tailored in-store marketing and point-of-pur-
chase (POP) solutions to Fortune 500 clients.
Matthew Blonn ’07 is the corporate payroll
accountant for Abbott Laboratories. He
performs accounting functions for 40,000+
domestic and foreign based expatriate
employees in the 130 countries in which
Abbott operates.
Eric M. Darr ’07 received a master of
accountancy from St. Louis University in
2008 and in 2009 became a licensed CPA.
Darr works as a consultant at Hoffman Clark
LLC in Clayton, Missouri.
NEWS VIEWSAN
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22 IllinoisStateUniversityCollegeofbusiness
Stephanie Dempski ’07 is a senior finan-
cial associate at Kraft Foods. She supports
the financial monthly close of Kraft Plants.
Dempski lives in Libertyville.
Katy Dienslake ’07 is a staff accountant for
Shepard, Schwartz & Harris in Chicago.
Dennis Nowaczyk ’07 is a senior associate in
audit services for McGladrey & Pullen.
Julie (Leffelman) Ross ’07 is a human
resources specialist at the engineering, archi-
tectural, and surveying firm, The Farnsworth
Group, in Bloomington. Ross received her
Professional in Human Resources (PHR) des-
ignation in June 2009.
Kevin R. Strohl ’07 is college unit director/
financial representative for Northwestern
Mutual Financial Network in Schaumburg.
Steve Weiner ’07 is a CPA with Silver,
Lerner, Schwartz & Fertel in Skokie.
Jennifer Allen ’08 is a mutual fund repre-
sentative at State Farm in the Securities
Products Department. Allen and her hus-
band, Michael, have two daughters.
Ashley Dehm ’08 is working as an accoun-
tant in the rotational training program at
Archer Daniels Midland Company (ADM) in
Decatur. She passed the CPA exam in June
2009. Dehm is engaged to Kyle Talleur ’08,
an auditor with BKD in Decatur.
Corbin J Pitts ’08 is a territory manager in the
Eastern Caribbean as part of Cisco’s Emerging
Markets Sales Team. Pitts finished a year-
long graduation training program with Cisco
Systems in the Netherlands in July 2009.
Robert Duerr ’09 is a benefits associate at
Mesirow Financial in Chicago.
Jessica Faber ’09 is a marketing associate in
the Marketing Communications Department
at Kerry Ingredients. The company produces
ingredients used in a range of products,
including batter mixes, bread crumbs, sauces,
pastes, and marinades.
*Serves on the College of Business Advisory Council
IllinoisState.edu/business 23
ALUMNI VIDEO SPOTLIGHTSPassion, innovation, and a drive to suc-
ceed are hallmarks of our College of
business graduates, yet their success
stories are varied and unique. Through
three-minutevideospotlights,youcanseehowRedbirdprofessionalshaveparlayedtheir
businessdegreesintoafascinatingarrayofcareers.Newinterviewsareaddedregularlyto
www.cob.ilstu.edu/alumni/spotlight.
Hereareteasersforafewoftheindividualswe’vefeaturedthisyear…
McDonald’srestaurantsservenearly47millioncustomerseach
dayandemploymorethan1.5millionindividuals.Mike Richard
’75(ACC)didn’tsetouttobeanaccountingmajor,butforthe
past10yearshehasbeenseniorvicepresidentandtreasurer
forthecompany.
HelpingcommunicationsgiantMotorolawithplanningandcost
optimizationcomesnaturallytoVenky Peruvemba, M.B.A. ’00,
whofoundawaytoblendhistalentsasanengineerwithhis
passionforbusiness.
Serve as a human resources professional in the health care
industry? No way! At least that’s what Nicole Albertson ’96,
M.B.A. ’08,(HR)usedtothink.Nowshecan’timagineacareer
any more fulfilling than hers at
HeritageEnterprises.
britishPetroleum,HSbC,andJPMorganChasearejustafewof
theglobalclientswhorelyoniTRACSExecutiveChairmanto
theboardTom Reedy ’81(ACC)andhisteamtomanagetheir
networkfunctions.
buildingstrong relationshipsandunderstandingacompany’s
culture are critical elements for Tracey Kosky ’90 (FIN) as a
senioraccountmanageratFannieMae.
“OKworld…hereIam!”Thatatti-
tude won’t get new graduates
veryfarsaysentrepreneurRon Whitton ’80(bUA),founderof
Dentsmart. He shares essential ingredients and the role net-
workingplaysinachievinglastingprofessionalsuccess.
GIVING BY THE NUMBERSLess than 25 percent of our actual operating costs are funded by the State of Illinois. As tuition continues to increase we rely on our alumni, friends, and corporate partners to help us keep an Illinois State education affordable. Detailed below is information regarding our past fundraising success and our future funding priorities.
Donors increased by 6.2 percent during fiscal year 2010.
TOTAL ANNUAL GIFTS TO THE COLLEGE OF BUSINESS:
Total dollars raised has continued to increase annually since 2007, but dollars raised through the annual telefund calling campaign has declined during the same period.
TOTAL ANNUAL TELEFUND GIFTS TO THE COLLEGE OF BUSINESS:
Student callers phone business alumni during August/September and married Illinois State couples in February. Please consider mak-ing a gift in support of the College of Business because every single donation, regardless of size, makes a difference in the lives of today’s students! And did you know the percentage of alumni who donate has a significant influence on national rankings? For the past several years 6.8 percent of business alumni have made a financial gift. Please join your fellow graduates and help us raise this to 10 percent during the next year.
FUTURE FUNDING PRIORITIES
• Recruitment and retention for faculty• Student scholarships and professional development• General operating support for the most pressing needs of the college• Technology and hardware replacement and recapitalization• Software/access to research databases• Naming opportunities in the business building• International initiatives• New program development• Business centers and institutes
NEW ENDOWMENTS AND SCHOLARSHIPS FOR THE COLLEGE OF BUSINESSThis is a new section that will be featured annually in our alumni magazine. We express appreciation to our donors who have estab-lished the following new endowments and scholarships with the Illinois State Foundation during the past two years. The Illinois State University Foundation endowed investments earned a 13.75 percent return for the year ended June 30, 2010.
The Bailey Endowment for Business and EducationAfter more than 40 wonderful years associated with business edu-cation, Glenn Bailey ’67, ’70 and his wife, Gaye, established the Bailey Endowment for Business and Education to assist one or more future business education teachers interested in following his footsteps. Glenn is an associate professor coordinating the business teacher education program at Illinois State.
24 IllinoisStateUniversityCollegeofbusiness
NEWS VIEWSAN
D
DEVELOPMENT OUTLOOKBY NORRIS PORTER ’89, DIRECTOR OF DEVELOPMENT, COLLEGE OF BUSINESS
Totaldonations Totaldonors
2007 20072008 20082009 20092010 2010
I want to thank each of you for the many ways you help support the college and demonstrate your Redbird spirit. Because of you we are better able to achieve our goals and continue our path to greater distinction.
If each one of us is able to make a contribution to support an area we are passionate about the col-lege will be able to sustain its vision to be the first choice for business education in Illinois. Consider creating a lasting legacy by funding an endowment and/or including the college in your will or estate planning.
The Illinois State message “State your Passion” speaks powerfully about everything we do collectively to make Illinois State the finest university in Illinois. Together those efforts enhance the value of your degree, so please consider supporting your passion.
Contact Norris at (309) 438-2297 or by e-mail at [email protected] to discuss how you can make a difference. You can also make a gift online at www.cob.ilstu.edu/giving.
$2
,65
7,3
49
.03
1,60
0
$1,5
27
,28
3.6
7
1,50
7
1,75
6
1,96
7
$1,2
52
,89
6.0
7
$1,0
80
,80
1.95
$110,472.17
$160,813.43
$161,503.63
$111,389.75
2007
2008
2009
2010
IllinoisState.edu/business 25
The Willie Brown Endowed Scholarship FundThis scholarship fund was established by Willie Brown ’73, retired executive vice president at State Farm Insurance Company, for the purpose of providing substantial financial support for a minority student of African American heritage or any nontraditional student majoring in business. Willie was inducted into the College of Busi-ness Hall of Fame in 2005.
The Matt Busey Endowed Scholarship FundFriends and relatives of Matt Busey ’05 established this award to support College of Business students traveling abroad to study or complete an internship. It celebrates the life of Matt Busey, who died from injuries suffered in an accident in December 2006. Matt’s epi-thet reflects the words he lived by “Live life to the fullest.”
The Doris Howell Crank and Floyd L. Crank Endowed Scholarship FundBusiness teacher education students benefit from this endowed scholarship established by friends and relatives of Doris and Floyd Crank and the Alpha Phi Chapter of Delta Pi Epsilon. It recog-nizes Doris ’43, who died on September 3, 2008, and her husband, Floyd, who maintains an active interest in the field of business education.
The David Currie, CPA Accounting Restricted Scholarship FundThis scholarship fund supporting junior accounting students was established by David Currie ’69, a graduate of the accounting pro-gram. Over the years Dave has worked for several accounting firms and continues to practice tax part time. His wife, Margaret, is also an Illinois State graduate.
EIF Faculty Support FundThe Department of Finance, Insurance, and Law established this endowment to support faculty members who teach courses linking investment theory with practice as they mentor and support stu-dents. The goal is to raise $300,000 over the next five years through the support of EIF alumni and friends to elevate this endowment to a faculty fellow. Contact Director of Development Norris Porter for more information about becoming a charter donor to this fund.
The Ferengul Endowed Scholarship FundWorking your way through college is an enormous challenge, a fact clearly recognized by Corey ’93 and Melanie ’93 Ferengul who established this scholarship to help business students paying for
school while also focusing on their studies. Melanie works for The Northern Trust Company and Corey has a career in the computer software industry spanning several companies.
The Flessner Family Endowed Scholarship FundPaul Flessner ’81, retired senior vice president at Microsoft, started this scholarship for a new freshman majoring in accountancy and a junior or senior majoring in business information systems. It rec-ognizes Donald J. Flessner, Paul’s father, and Dr. Gerry McKean, retired BIS faculty member. Paul is a member of the College of Business Hall of Fame. His wife, Susan (Zimmerman), is also an Illinois State graduate.
The GROWMARK-Vern McGinnis Endowed Leadership Scholarship FundThis fund was established by GROWMARK to support high caliber sophomore and junior business students in honor of Vern McGinnis, a retired executive of GROWMARK, Inc., who served as president of the College of Business Advisory Council for 10 years. Vern was inducted into the College of Business Service Hall of Fame in 2009.
The Larry E. Gustafson Restricted Scholarship FundLarry E. Gustafson ’83 is a self-starter and successful entrepreneur who established this scholarship to benefit students determined to better themselves by obtaining a college education. It provides financial support for a new incoming freshman with a major in the College of Business. Larry is an independent insurance broker located in Tempe, Arizona.
The Hobart and Marian Gardner Hinderliter Endowed ProfessorshipMarian Gardner Hinderliter ’53 and her husband, Hobart Hinder-liter, established this endowment to recruit, support, and maintain outstanding faculty in the College of Business. A dedication cer-emony for the professorship will occur in September of this year and the first professor will be installed in fall 2011. This is only the second fully funded professorship at Illinois State.
The David and Karen Magers Insurance Scholarship FundThis scholarship fund was established by David Magers ’77, ’86 and his wife, Karen Magers ’79, and provides financial support for junior and senior students with a major or minor in insurance.
“My intent is to be able to offer some help when a little help is needed. There
are plenty of people going to school just like I did who are working but finding
time to take four hours here or six hours there because they have a dream. I
want this scholarship to be able to help them. I hope that it makes a difference
in some individual’s life the way education has made a difference in my life.”WILLIE BROWN '73
Continued on page 26
26 IllinoisStateUniversityCollegeofbusiness
David is the CFO of COUNTRY Financial and a member of the College of Business Hall of Fame. Karen provides leadership for the Bloomington Eye Institute and is actively involved with the Men-nonite College of Nursing at Illinois State.
The Vern McGinnis Endowed AMA Scholarship FundVern McGinnis established this scholarship to provide financial support for a junior or senior student with an interest in marketing as demonstrated in part by active membership in the ISU Collegiate American Marketing Association chapter.
George R. and Martha Means Center for Entrepreneurial StudiesThe name of the Institute for Entrepreneurial Studies has been changed to reflect the estate gift of George R. ’29 and Martha Means. The George R. and Martha Means Center for Entrepre-neurial Studies creates a lasting legacy honoring the couple’s com-mitment to the entrepreneurship initiatives of the College of Busi-ness. A formal dedication ceremony for the center will take place during the upcoming academic year.
The Pantaleone Family Scholarship Fund A deferred planned gift by Tim Pantaleone ’07 honors his fam-ily and their close relationship with Illinois State and the Redbird women’s softball program. The scholarship will support business majors or minors who are members of the softball team.
The Iris Varner International Business Restricted Scholarship FundThis fund was established by Antonio Rodriguez ’02, ’03 in honor of Dr. Iris Varner. It provides financial support for a sophomore, junior, or senior with a major or minor in international business who has demonstrated active membership in the International Busi-ness Club. Antonio serves as the video conference coordinator for Seyfarth Shaw LLP in Chicago and is a 2010–2011 recipient of a College of Business Early Career Achievement Award.
The James H. Schlesser Endowed Scholarship FundProviding financial support for junior accounting students was the goal of James H. Schlesser ’74, ’76 when he established this schol-arship. Jim has been with Deloitte & Touche LLP for his entire professional career. In 2009 he was inducted into the College of Business Alumni Hall of Fame. Jim’s wife, Kathy (Curran) ’75, is also an Illinois State graduate.
Sikich LLP Team RoomSikich LLP donated funds to name room 363 in the business build-ing “the Sikich LLP Team Room.” Gifted monies will be used to provide support in the recruitment and retention of accounting fac-ulty as well as student development and technology recapitalization.
Carson and Iris Varner International Experience FundLaura (Bozich) Allen ’81 and Carson & Iris Varner are founding donors for this endowment that will support students in the College of Business who want to complete an international experience. The goal is to raise $100,000 or more over the next five years through pledges and cash gifts. Iris and Carson Varner have been teaching at Illinois State since 1975. Contact Director of Development Norris Porter for more information about becoming a charter donor to this fund.
The Maggie Webb Endowed Scholarship FundThis scholarship was established by friends and relatives of Maggie Webb ’05 after her tragic death in December of 2007. It provides financial support for business students. Maggie was known as a strong leader, supportive friend, wise mentor, and someone who was always thinking about others.
The Ron Jr. & Cathy Whitton Dentsmart Endowed Scholarship FundRon Jr. ’80 and Cathy Whitton began this fund to provide finan-cial support for an incoming freshman from Pekin Community High School (PCHS) or incoming graduate from Illinois Central College with a preference given to those who also attended PCHS. Ron, an entrepreneur, owns Dentsmart, a Peoria-based business started in 2002 that now has franchises in 11 states.
The Windy City Wire Professional Selling Restricted Scholarship FundWindy City Wire is a Gold Level Partner of the Professional Sales Institute at Illinois State. The company established this annual scholarship to support an outstanding student who is enrolled in or has completed MKT 234, Professional Selling and Relationship Marketing.
Wisdom’s TorchThe Wisdom’s Torch Fund was established by alumni, emeritus faculty, and staff of the College of Business to support teaching and learning. Wisdom’s Torch honors current and retired faculty and staff of the Illinois State College of Business. Contact Director of Development Norris Porter for more information about making a pledge and becoming a charter donor to Wisdom’s Torch in honor of a current or retired faculty or staff member.
NEWS VIEWSAN
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Charles Koehler, longtime advisor, confidant, and executor of George and
Martha Means, recalls his friends and clients fondly, “They were very humble
people. They wanted to use the bounty of their good fortune to give others
an opportunity.”
Developmentoutlook, continued from page 25
The College of Business is grateful to the following alumni, friends, corporations, and foundations for their generous gifts and pledges received by the Illinois State University Foundation for the college in 2009.
$1,000,000+ GeorgeR.*andMarthaC.*Means
$100,000–$500,000 HobartandMarianGardner
HinderliterStateFarmFoundation
$50,000–$99,999ArcherDanielsMidlandCompanyCOUNTRYFinancial
$10,000–$49,999AfniAmerisureInsuranceCaterpillarFoundationCoventryFirstAndrewDrendelwilliamandNancyEnglandFasanoAssociatesGeneralReinsuranceCorporationGROwMARKFoundationHarcoNationalInsuranceCompanyThomas^andEllenHoweJohnson&JohnsonNationalCityCorporationNICORInc.ThomasandMelissaReedySaintLouisChapter-Riskand
InsuranceManagementSocietySurplusLineAssociationofIllinoisJamesandEveTyree
$5,000–$9,999 Laura(bozich)andMichaelAllenAmericanInternationalGroupInc.APIwInc.ArthurJGallagherFoundationAutoClubGroupGlenn^andGayebaileybobandJamiebeckmanwilliebrownLindaandRichardbuseyMattbuseyScholarshipFundChubbGroupofInsurance
CompaniesMichaelandKathyDewaltKPMGFoundationMunichReinsuranceAmericaInc.CharlieNormanPekinInsurance–FarmersAuto
InsuranceAssoc.MichaelandDianeRichardJohnandThereseRigasRLIInsuranceCompanySocietyofActuariesStateFarmMutualAutomobile
InsuranceCompanyTravelersCompaniesFoundationTravelersInsurancePhillipandDonnaZarcone
$1,000–$4,999 AceAmericanInsuranceCompanyAllstateFoundationAmericanAgriculturalInsuranceCo.AmericanFamilyMutual
InsuranceGroupAmerisureInsuranceArlington/Roe&Co.Inc.AssociationofLloyd’sbrokersAssuranceAgencyLTDAnnandThomasbaughanbaxterCreditUnionAlanbedellandDeannaFrautschibituminousCasualtyCorp.PeterandDebraborowski
GregoryandJoycebrownJamesandDianabrownEricabrumlevebuseybankCagneyNetworkInc.PennyandMarkCermakCliftonGundersonLLPRichardandLuanneCloydCommercebancsharesFoundationPeter^andMargaretCouchCozen&O’ConnorCrainCommunicationsInc.FloydCrankRobertandDeeCrowellDavidandMargaretCurrieDuaneandDianaDebsJohnandValorieDoyleJamesandSuzanneEdmondsonEdmondsonFamilyTrustPaulaandTheodoreEissfeldtEnterpriseHoldingsFoundationEnterpriseLeasingCompanyof
Chicago-Group15NNGeorgeandCarolEovaldiMichaelandKarenEssingtonRickyEurichFederatedMutualInsurance
CompanyJacalynFerreeEllenandHughFlanaganFlorists’MutualInsuranceZacharyandLisaFortschKimberlyandGaryGenenbacherJosephandJoyceGlaweKennethandDeborahGloverKevinandJulieGraceJean^GreverPatricia^andJohnGrovesGuyCarpenter&CompanyInc.StephenandSharonHaggeDouglasandJeniferHartHartfordSteamboilerInspection
&InsuranceCo.FredrickandJoanHasselmanEdwardHayesHeritageEnterprisesInc.StephanieJarczykJohnDeereFoundationMichaelJohnsonTalandHeidiKaufmannMichaelandRandyKeaneKateKingwuandHoracewuVirginiaandDennisKoideGary^andKayKoppenhaverAndrewLaFrenceandKarenEricksonLexisNexisLibertyMutualInsuranceRodneyandLeslieLiddleLloyd’sIllinoisInc.LockeLordbissell&LiddellLLPLocktonCompaniesInc.–Illinois
DivisionTimothy^andLorettaLongfellowThomasandZonaLorigKrisandbeckyLuttMarkelCorporationVernandJanieceMcGinnisCharlesR.^andJoanM.^McGuireStevenMcMullenAlanMedinaPaulandKimberlyMehringMesirowFinancialCorp.GregoryandTraciMorrisJamesandLeslieMullinsNationalUnderwriterCompanyNationwidePublishingCompanyIncJerryandAlbertaNewmanJack^andKimNorthEdgar^andRebeccaNortonRhondaandGaryNottelmannPekinInsurancebarbara^PerryNancyandDavidPhilipsenMartinandwilhelminaPomrehnPricewaterhouseCoopersLLP
MichaelandLauraPriessPropertyCasualtyInsurers
AssociationofAmericaRiskManagementSolutionsInc.AntonioandAylinRodriguezSharonandDuaneRossmarkRSMMcGladreyInc.SaintLouisChapterCPCUThomas^andSherylSchambachFrankandJulieScheuerellJamesandKathleenSchlesserMyra^SecoySherwin-williamsCompanySikichLLP-ICSAdvantageLLCKelleyandJamesSmithSmithAmundsenLLCSpencerEducationalFoundationInc.StevenandMelissaSteinmanDavidandJenniferSwearingenTroyandPatriciaSwinfordSwissReAmericaCorporationSwissReinsuranceT.MarkFayConsultingInc.MarkandSusanThorndykeStefanosandDeborahVenableDavidandMaryAnnwebbVistaInsurancePartnersofIllinoisJohnandDiannewenzlwilson,Elser,Moskowitz,Edelman
&DickerLLPwindyCitywireLLCwilliamandNancyYargerbruceZaretZurichAmericanInsuranceCompany
$250–$999 LarryandM.EliseAkinsKristenandKevinAnthonyDavidandSusanAreyTinaandKimArnettRobertArnholtJill^AttawayandMitchGriffin
RobertandLynnAumentAuto-OwnersInsuranceLucindaandDavidbaierKhasimbaigJohn^andMary^bantham*PatriciabarrAbhijitbarvebrentA.^andJeri^MullinsbeggsbetaGammaSigmaHopebinghamDonaldandKathleenboulterColmandDawnbrewerRobertandDeborahbrumbaughJaynaandbarryburgdorfMarkandMelanieburnsRebeccaCampJamesandMarciCarballidoRichardandJulieCarlsonPatriciaandJohnCatanzaroCenterForInvestmentResearchSukjung^andConnieChangbrianandRebeccaChristensenRodneyandSuzieChristoJeannieandScottChurchCitizensFirstNationalbankJohnandCathyClairKhristina^Clevenger
ElizabethCollingwoodCommercebankCommercebank,NA(Missouri)PhilipandMarlaCorkillCorkillInsuranceAgency,Inc.JosephCrickardDavidandSusanCrowellFrancineandPaulCrownhartRodney^andMarvisCusterJudithDahlmanAndrewDardingKentandNancyDeffenbaughDavidandKathleenDeneenPatrickandSharonDiLeonardiJamesandSandraDixonGeraldDonathKevinDouglasKevinandChristineDoylebryanandKarenDuncanKevinandDeborahEdwardsLinda^andDougEllermanbryanandAmyEovaldiRaymondErdmanJohnEymannJ.MarkandMarijeanFanningDonaldandAnnFernandesDale^andSarah^FitzgibbonsJeffreyandCindyFlessnerGeorgeFlickingerRonFlukerSolomonandLuizaFoleybrianFosterJasonandCherylFreundRichardandCarrieFreyKentandLeslieGeibelKentandConnieGoodrichMary^andStephen^GoodwinStanleyGoodyearandSusanPerrySusanandJohnGormanJohnandKimGraffKennethandMelissaGrapperhausHarriet*Griswold
DavidandJulieHaasFrankandMaryHaggertyKevinandLauraHarrisMichaelandMarilynHarrisRodneyandJacquelineHarrisonDouglasandDiannaHathhornGregandTamaraHeerdeDennisandRosalinHenrichsMichaelandMichelleHermannJeffreyandSusanHickelPatriciaandGaryHickeyCamilleandKevinHigdonDouglasandMariaHiggsJonandMaryHinrichsDeanandbethHoffmanPaulandJilleneHoffmanHubInternationalLimitedMichaelandJulianneHubbardDr.KennethandMrs.Evelyn
KayHuddlestonIMTInsuranceCompanyKyleandDebraJamesJeffreyA.Hickel,CPA,P.C.DianeJohnsonDouglasJohnsonScottD.^andMaryT.^JohnsonJenniferandJeffreyJordan
THANK YOU DONORSYour giving makes a powerful impact…
IllinoisState.edu/business 27
“In today’s economic environment it is unrealistic to expect
our College of Business to continue to be cutting edge through
increasingly scarce public funding as well as decreased
inflation-adjusted tuition. In order for the college to maintain
its state-of-the-art technology and facilities, enhancing the
school’s reputation, a personal investment is critical to the
school’s success.” Scottie Venable ’86
KensingtonRealtyAdvisors,Inc.DennisKnoblochChristine^andRichardKnuthStephenandMarjorieKoberRickKoelzConnie^KrugHenryandMaryLandisKarenLecourisDaveandStacyLemanTamaraandEricLemkeHaroldandJoanLetterlyMarkLoveallCathyandJohn^Lust
Richard^andCaroleMacMinnDavidandKarenMagersRichardandLoisManahanJohnandRebeccaMarvinPhilipandMarcellaMaughanMcDonald’sCorporationDeanandTracyMcNaughtMicheleD.watson-StateFarm
InsuranceCompaniesNancyandGaryMietznerGregoryandLauraMillerJohnandDebbieMillerKarlaMillerMinutemanPressofCountrysideJamesMoellerMonitorLiabilityManagers,IncJoyceandKurtMoserJames^andJeanne^MunzDanielandGayleMurphyNAPSLOMatthewandMariaNeislerGaryandAmandaNeubauerHarryandMelindaNeumayerTerryandKatherineNicholsDeanOrtinauOSFHealthcareSystemJoyce^andAnthony^OstroskyTimothyPantaleoneClaranne^PerkinsStephenandAshleyPettitKennethandChrisPollockNorris^andElizabethPorterJamesPribelJohnRakusCynthiaReinandGaryDobsonDeborahandJamesRingerRogerorSherrillynTaylorbuilding
TrustAccountAltheaandTimothyRolfsJackandJenaRooneyRobertandAnnetteRushKarenRyderAmyandbrianSajkoLynnandJohnSalisburyRoccoandTiffanySapienzaMarkandKathleenSchollJulienneandJoshuaShamhartSikichLLPDarrellandDebiSnyggSocietyofFinancialSvcs
ProfessionalsSocietyofInsuranceTrainers
&EducatorsSolomonFoleyStateFarmInsuranceJoyceStadterJamesandAlbertaStewartRodneyandCherylStickleJohnandChristianeStofferCurtisandCarlaStollerSulaski&webbJamesandChristineSvabRobertandCarolSwiechbettyTanzeySherrillynandRogerTaylorJoseph^andConnieL.TrefzgerU.S.bank-NationalAssociationAlexandLoriUnterkoefler
JeffreyandKarenVanDeCasteeleDebraandMarkVandermydeAaronandSarahVaughnMichaelandMaryVogelsangAlanVoyStevenandDeborahwannemacherMicheleandTroywatsonDavidandMaryAnnwebbKylewiaranowskiwidmerInteriorsPhilipwiggersCatherineandGarywilcoxsonwilliamPackardCPA
Ralph^andMarthawrayRobertandIreneZmudkaChristopherandJulieZurowski
$100–$249 DixieandMikeAckleyHelenAdamsbillyAdkissonandEllenbourneDeboraandGregAllenJillAlventosa-brownandVincent
AlventosaMarkandPatriciaAndersonScottAndersonPaulAndziewiczAnheuser-buschCoKarenandNickAppelbaumTracyandMichaelArnoldLarrybaffordDavidbakerJohn^andMary^banthambrenda^banwartMarleneandMelvinbarachJ.MichaelandSandrabarkerMichaelandbarbarabaronibrian^andAimeebeamDavidandCarolbean
EuniceandwilliambeanLoriandbrucebeckerPatriciaandDanielbeckerAnitaandDanielbedellG.PhilipbellCarolandThomasbennettCoreybensonEdwardandLauriebergLindaandMichaelbettisDarrellbielemawilliambirchandKathleenHummelMichaelandJeanblakemoreLaurabloemkerandLynn
wedekamperTheodoreandJenniferbochnikDebraandCurtbondsVincentandVickibooneGayandTracyborchardtRenaeborgerdingCarolbornMatthewandTonibortoliKatherinebowman
LarryandPeggyboysenDavidandKellybradyPambremerTimothybrinkmanRichardbrownRobertandLindabrownSandrabrownL.JoanbruckerHenrybruensDennisbullLee^bullwinkelDavidandMarlaburgeEricandKarinburwellAngelabushmanJohnandCarmenbutteDanielandKathrynbybeeGrantandHeatherCaleJockandRitaCameronEmilyCarsonDeniseandRichardCastilloElizabethChervenySherriandStevenChinskiSuzanneandJohnChristeinScott^andDeborahChristnerSarahandVinceCiccarelloPaulCiesiunRobertandCarolClaggettLoriClarkAlbertandColleenClohertyLauraandDavidCoeJohnandCarolCogswellCynthiaandTimothyCondonTimothyandJulieCondronDaleConroyRyanandNicoleConveryRobertandLilianCottinghamDanielleandScottCoykendallCraigJ.DuchossoisRevocableTrustMichelleCrawford-StockandTimothy
StockDianaandLarryCristyGeneCwickDarylandLauraDagitJaniceandRichardDavidDavidM.DeneenFamilyTrustJohnDavisCarlDavisonGeraldandwildaDeHaeseleerTerrenceandCarmenDelaneybrendaandDanielDennisonJoleenandThomasDimond
CarolDipazoGregoryandNancyDonovanJohnandMarthaDoughertyLoisandMarkDowlingNancyandDavidDrockelmanDonaldandLoraDrummondRichardDuchossoisMartinandSandraDuffyKyleandTraciDunlapbethandDonaldEasterlaJohnandJanaEdmondsonKevinandDeborahEdwardsGaryandRitaEisenbettyElliottandFrederickPiperJohnandSandraEllisVivienneandGeneEllisSheriandDavidEmmertTerryandLaDonnaEovaldiSandullahandPatriciaEpsicokhanSteveEricksonC.williamandDoraErtelPatriciaandThomasEstep
PaulandEileenEstremToddandLaurieEvansPabloandVirginiaEvesMichaelandKarenFaheyKathleenandJamesFangmanJ.MarkandMariJeanFanningFarzaneh^Fazel-Sarjuiand
AhmadFakheriGaryandKathleenFeickeKathleenandJamesFangmanRobertandReneFeserLynnFilippellibryonandMaryFingerClintonFishelKristenandShawnFitzpatrickGordonandSandraForemanLarryFredinConstanceandDavidFrimelJohnandCherylFruinDawnandStevenFuegerJeffreyandGretchenFurlerTomandTamiGaffNancyGargesMichaelGastThomasandJudithGawlikAllenGaydoshTomandHillaryGeblerStevenandDianeGeltmakerDeborahandStevenGibbonCarolynGodbyDaniel^andbetsyGoebelJosephGoldrickRobertandCatherineGoldsteinDarrenandLoriGondryJamesandMelindaGoodmanJohnandCynthiaGrabowskiwilliamGradyMardelGraffyPattiGregoryIsaacGrishamDarrellandMaryGualandriLisa^andKurtHaasFrancisandJudithHackerRobertHallandSusanwasilisLindaandTimothyHallquistRobertHaluskaPatriciaHambrickCherylandbarnardHammittJeffreyandTracyHamrickJosephHardinHarveyHarmsLawrenceandDorothyHartArminHascherandAntoinnette
McHenrybarbraandRobertHathwayKayandburtonHaunCynthiaHayThomas^andMaryHaynesDebbyandJohnHaywardHeartlandbusinessServicesInc.ThomasHendersonDavidandJeanHengeshDanielHeratyJoseHernandezNathanandwendyHessLeonardHesterMichaelandCorieHillaryKatherineHill-GottesmanandRussell
GottesmanJeffreyandLoisHillsTimothyandbrendaHiltonRebeccaHinesGeraldandFrancesHinshawMichaelandLaurieHockenberryRonaldandCarolynHofbauerPaulandJilleneHoffmanStephenHomanKaren^HosackJohnandGinaHowleyNinaandJamesHubertChristopherHumphreySusanHusselbeeThomasandMeganHutchisonLynnandStephenHuttonSandraIngramTheriaandLutherJacksonAnnandStevenJahnJamesGRichertPCChrisJodlowskiConnieandJamesJohnsonRobertandJill^JonesMichaelandCarolJontry
NEWS VIEWSAN
D
28 IllinoisStateUniversityCollegeofbusiness
“(My wife Ellen and I) invest in a database for the College of
Business that provides daily data—stock returns, mutual fund
returns, and other statistics that are the industry standard. If we
didn’t have this available, it would likely hurt our recruiting.”
Tom Howe, professor of Finance, Insurance, and Law
“The College of Business, with its national reputation in many
areas and new state-of-the-art building, puts it at the top of
the many premier programs at Illinois State University. Our
experiences with the faculty were both remarkable and excep-
tional and that experience encourages you to want to give
back. The University is really important to both of us and we
encourage others to also give back to ISU.”
John Rigas ’81 and Therese Rigas ’81
JoAnnJordanK.Robi&AssociatesClintKaebMichaelandJoyceKaiserMaryandMiltonKaneDaleandLindaKaplanTracyKellerR.TimothyandJoelynKellyPatrickandbarbKesselwilliamKeuhnholdRuthandborhanKhatibDannyandNancyKiedaischGenevieveandMickeyKimPatriciaandRonKimberlinJamesandJudieKingMarcandCandiKingryLaurenKirbyDavidandGail^KirkwoodMargaretandPeterKironThomasandConstanceKitzingerJohnandSusanKlemmStevenandMollyKnechtPaulKochandwendyPerrowRodneyKochFrancisKorteEisenandFeyKolocziejNaomiandThomasKotekStephenKozlowskiandKimTranThomasandPamelaKrakowiakRyanandJenniferKramerwilliamandDarlaKrauseThomasandJulieKrehbielLouisandbeckyKreppertLyndaandPaulKruegerRonaldandSusanKruegerwilliamKuehnholdPatriciaandDaleKuhnKristiandRickKullJeffreyandCathyKurtzGaryandShellyLacyPeterandKellyLafnitzeggerMaryandGeorgeLagerstamMarkandMelissaLampkinMarleneandwilliamLandstromDavidLange*MichaelandKaryLansdenMatthewandSusanLanterbruceandJayeLawsonChristineandbrettLeifheitLinda^LeinickewilliamandJeanneLemanMarkLenawayJanetandPeterLeTourneauCindyandStevenLewisKeithandSharonLiebermanKathleenandScottLikinswilliamandMaryLittrellVictoriaandTomLoganDavidandKathyLongLongbuilding&Remodeling,Inc.LarryLonisKathleenandJosefLorenzJamesandMaudeLovellePatriciaandAndrewLuberblakeLynchandHollyHotzeMartinandAnneLyons
wendyandJohnMajorMarkMaloneMarieandRickMalteseAlanandPatsyMartinKeithandKathiMartinJamesandNanetteMarxRalphandAnnMasonMargaretMattheiPatriciaandLyleMaurerMichaelandSandyMcArthyMichaelandLindaMcConnaughayJohnandJoellynMcDonnell
PatrickandJeanMcGinnisNicoleMcGrathMaryandRobertMcGrewGerald^andSandraMcKeanE.PatrickandCarolMcKeeMichaelandDianaMcGuckinKevinMcGuireandM.DawnNewmanDebraMcLaughlinJosephandChristineMcNeelyJenniferandScottMeissDiane^andEliMeisterDonaldMiddendorfH.FredMittelstaedtStevenMonkMelissaMoranRyanandJulieMosierSheriandNielsMossbeckKarenandMarvinMurphyDonaldNathlichCynthiaandKennethNatzkeScottandRomaineNeaseJamesandbridgetNeelyMichaelandMariaNelsonNormanandbarbaraNeugesTimothyandKristinNiehofRichardandbarbaraNielsenRobertandLindaNieukirkRitaNordLoriandThomasNorlanderLisaNovakJamesandRitaO’brienMaureen^O’brienTimothyandMaryO’brienRichardandSherylOgorekTerrenceandPattiO’GradyConnieOller-Hestonand
JamesHestonGaryandJoanOllmannwilmaandGeorgeOswaldwilliamandCherylPackardDebraParkerAnthonyandNancyParkinsonToddandAnnParriottFloydandLynnPaulGeraldandKayPaulbradleyPearsonMaureen^andDavidPeelTerryandDenisePembertonRonaldPenczekMaryandJohnPennAlanandNancyPerrySharonPerrybettyPetersonGaryandJudithPetersonJeffreyandJaimePetersonTerryPetersonSukrutPhadkeKellyandNealPhillipsCharlesPiggEdwardandDianePilgrimMarilynPilleJamesandMaryPilsnerS.ColleenandJ.GregoryPintoGeorgeandGailPlatisMargaretPoniatowskiMarjorieandEdwardPope
williamandHeatherPorchJillandThomasPrescherbarbaraandMichaelPrevoThomasPreyMonicaandSteveProctorSteveandLisaPruettJohnandSandraPuzauskasGinaandRogerQuickSethuandRamaswamy^
RadhakrishnanDeidreandMatthewRaffertyRichardandKimRager
JohnRaicheChristopherandbarbaraRamageJohnandSusanRamseyThomasandTammyRatschMargaretandAndrewRectorJohnandTainaRedfernJamesReganRegan&AssociatesRyanandJulieRemkusRonRemmelJamesandCynthiaRichertJamesRiordanPhillipandGailRobinsonRoenfeldt&LockasPCSandraandJohnRossiJosephandCarolRunyonwilliamSadekRichardandMargretSageCurtisandKathleenSaindonJamieandJonathanSaltmanSharonandDaleSalzmanbrianandNatalieSampsonTheresa^SanchezKeithandJanetSandersDorothy^SandsJohnandJaneSchabingerCharlotteandDewaynnSchuesslerJenniferandbrianSchrofGeraldSebenyJeffreyandCarolSecordDouglasandDawnSeelbachLaurenandRichardSeiblerMichaelShaferandbissiDiCensoCharlesandJanetSherburneRobertandPamelaShieldsCyrusShockeyLinda^andVinceShowersTimothyandKarenSirovySJR&Company
EdwardSkoczylasCheriandDavidSloatAmyandbillSmithStevenSmithDavidandPamelaSoderquistJoseph^SolbergStephenSparlinGregoryandDawnSpencerDonaldandJackieSpringDouglasStanderferThomasandbarbaraStapletonFrankandLoriStarbodyDaleSteffenRobertandCaraStephanSharonStetter-ShawScottandSusanStevensLindaandTomStratmanJayandAmyStraulinTheodoreSullivanSandySzakachT&JMyers,Inc–SmeltzerInsurance
AgencyEricandAmandaTagtmeierPatriciaTakirDaleandJudyTalbottHollyandJackTaylorKatherine^andGlenn^TaylorMaryTaylorRuthTeubelJonandLynnThalmanChristinaThemanson-bjuneand
RobertbjuneAshleyThomasSusanandJohnThomasKarenandbrianThompsonbettyThorpDaleThorsonDouglasandLesleyThroneburgMartinTipsordMeredithandMichaelTolerMichaelTowler
ShawnandAngelaTrentRichardandSharonTrowitchAnthonyandKellyTummilloConstanceUrosevichLarryVailLawrenceVanRynJenniferandPeterVanHornCarson^andIris^VarnerErikaVedraAmyandJamesViola
DerekVoglerThomasandJenniferVosMartinandJoanwaitswalnutStreetTeaCompanyJamesandGailwarningGreggandKatherinewatsonRogerandMelindaweberPhillipandbrendaweingartPeterandKarenwellsJasonandAmandawernerStanfordandElizabethwestjohnDeniseandToddwietlispachNathanandMonicawightMarkwilsonRalphandPatriciawinklerJosephwolfordandJoannaTrippJeffreywrightTroyandAmberwrightwilliamYakichJohnandDariZaiserKeithZaleskiHarveyZehrDanielandPatriciaZiebartHeatherandEricZimmermanKurtZimmermanLindaandThomasZukowski
*deceased^faculty/staff or retiree participating
in GladlyweGive
IllinoisState.edu/business 29
WISDOM’S TORCH CHARTER DONORSWisdom’s Torch is a new endowment funded by cur-
rent and retired faculty and staff, and those who wish
to honor current and retired faculty and staff of the
College of Business. This fund supports essential teach-
ing and learning initiatives. Charter donors to this fund
will have pledged or gifted a total of $10,000 prior to
December 31, 2013. Current charter donors include:
JohnandPatriciaGrovesinhonorofthe
studentsandfacultyofthefuture
ScottD.andMaryT.Johnson
DixieMills
JohnandThereseRigasinhonorof
LaVerneA.Cox
williamandNancyEnglandinhonorof
JimHallam
DonnaandPhillipZarconeinhonorof
JoyceOstrosky
CharlesandJoanMcGuire
“Our scholarship provides help for middle-income families.
Sometimes what seems like a small amount of help can make
a very big difference. Just knowing you’re going to have the
money to buy textbooks can be a big relief.”
Melanie and Corey Ferengul ’93
“For the University to realize the dream it had for the College
of Business, I know they needed private support and the best
place, other than the community, was from the alumni. That’s
when I decided I needed to get involved and get more of my
friends involved and take an active role.”
Tom Reedy ’81
ALUMNI UPDATENAME
MAJOR GRADUATIONYEAR
MAILINGADDRESS
CITY STATE ZIP
PHONE
E-MAILADDRESS
CAREERANDLIFEUPDATE
lYES! IAMINTERESTEDINSHARINGMYExPERTISEANDRECONNECTINGwITH
THECOLLEGEOFbUSINESS.PLEASECONTACTMEAbOUTTHEPOSSIbILITIES.
lYES! IwANTMOREINFORMATIONAbOUTHOwTOMAKEACHARITAbLEGIFTTO
THECOLLEGEOFbUSINESSAND/ORILLINOISSTATE.
PleasecompletethisformandmailtoAmyHumphreys,IllinoisStateUniversity,
Collegeofbusiness,Campusbox5500,Normal,IL61790-5500;orfaxto(309)
438-5510.Youcansendanalumniupdatee-mailtoalhumph@IllinoisState.edu.
ThisdocumentisavailableinalternativeformatsuponrequestbycontactingAmyHumphreysat(309)438-2646
Anequalopportunity/affirmativeactionuniversityencouragingdiversityUniversity Marketing and CoMMUniCation 11-0087 printed on recycled paper
RECONNECT
whetheryouareinterestedinsharingyourexpertise
withcurrentstudents,reconnectingwiththecollege,
orbuildingrelationshipswithotherCObgraduates,
Icanhelp.Asassistanttothedeanforconstituentrela-
tionsintheCollegeofbusiness,myroleistofacilitate
interaction,communication,andcollaboration.
Throughouttheyear,Iworkwithstudents,faculty,
alumni,andourbusinesspartnersonspecialevents,
suchasbusinessweek,theAlumniHallofFame,
EarlyCareerAchievementAwards,andtheCollegeof
businessAlumniNetwork(CObAN).Afterreadingabout
thevitallearningenvironmentwe’rebuildinginthecol-
lege,Ihopeyou’llbeinspiredtoreconnect.whether
you’reearlyinyourcareerorataseniorlevel,youhave
uniqueinsightstoofferasaguestspeaker,apartner
onaclassproject,amentor,aninternshipsponsor,ora
memberononeofouradvisoryboards.Contactmeand
I’llhelpyouexplorethepossibilities.
Amy HumphreysAssistant to the Dean for Constituent Relations 403 College of Business BuildingCampus Box 5500Normal, IL 61790-5500
(309) [email protected]
WHAT’S NEW IN THE COB
Areyouinterestedinmorefrequentupdatesaboutthepeopleandeventsinthecollege?Herearetwooptionstoconsider:
YoucansignupforourRSSfeedatblogs.ilstu.edu/cob_news/feed.withthisoptionstorieswillcometoyouautomaticallywhentheyareaddedtooure-news.
Ifyoupreferaquarterlye-mailwithlinkstoourtopstories,subscribetooure-newslistservatwww.cob.ilstu.edu/cobnews.
College of BusinessCampus Box 5500Normal, IL 61790-5500
( )
Nonprofit OrganizationU.S. Postage PaidIllinois State University
NEWS VIEWS