BusinessA magazine for School of Business Alumni and Friends FALL 2009

Welcome New Chancellor Zimpher

A Partnership to Build OnUAlbany welcomes new SUNY Chancellor Nancy Zimpher at the press conference

announcing the architects for new school of business building.

VIEWPOINT

Corporate social responsibilityand environmental sustainabili-

ty has attracted considerable atten-tion in the business world and inthe public policy arena. Managersface many difficult choices, in termsof deciding whether to adopt “greenmanagement” practices. I wasrecently asked by the editor of a

major academic journal to summarize my recent academicresearch on this topic and write an essay to guide managerialdecision-making on sustainability. I was excited to write thispaper. Subtlety is not my strong point, so I entitled my article“Green Management Matters Only if it Yields More Green: An Economic/Strategic Perspective.”

In this essay, I asserted that business schools must play animportant role in helping companies design and implement sustainability initiatives. However, in order for sustainabilityefforts to be truly effective, companies must embrace thementhusiastically, which can only happen if they generate a profitfrom engaging in such activities or there is some additionalancillary benefit (e.g., preventing additional government regu-lation or enhancing goodwill in the community). Managersmust never lose sight of the bottom line, even when pursuingenvironmental goals.

My research suggests that firms engage in “strategic” sustain-ability, in the sense that they matrix environmental and socialgoals into their business and corporate-level strategies. That is,they engage in “green management” and adopt other sociallyresponsible practices in order to compete effectively in themarketplace. Multinational corporations, such as Wal-Mart andBP, have found ways to reduce their carbon footprint, whilesimultaneously enhancing their profitability. At the other endof the firm size distribution, some of you might have seen the recent CNBC report on American’s Fastest GrowingCompanies, featuring companies such as Deckers OutdoorCorporation (producers of Uggs and Teva), Green MountainCoffee, and Chipotle Mexican Grill. This report vividly illus-trated how many successful entrepreneurial firms are linkingsustainability to their business and corporate strategies andearning higher profits and higher stock prices.

I am pleased to report that the School of Business is playing a key role in advancing the “strategic sustainability” agenda,through our research, teaching, and service. In late September,we hosted a major academic conference on “Corporate SocialResponsibility and Environmental Sustainability.” The purposeof the conference was to produce a special issue of Business &Society, the leading academic journal in the field of ethics andsocial responsibility. Our event convened experts from leadingacademic institutions such as Johns Hopkins, Duke, Harvard,Dartmouth, Rice, Penn State, Arizona State, Swiss FederalInstitute of Technology Zurich, UCLA, UNC-Chapel Hill, andthe University of Michigan. Our keynote speaker was ProfessorJames Walsh, who holds two chaired professorships at the Ross School of Business, University of Michigan. Jim is thePresident of the Academy of Management, the leading associa-tion of management scholars, with over 19,000 members from108 nations. Most importantly, Professor Walsh is a proudalumnus of the University at Albany and credits his success to his education at this university.

On the teaching side, we offer a sustainability module in ourMBA program, entitled “Going Green Globally” (G3), wheregraduate students help companies formulate and implementsustainability strategies. The architect of our new $54 Millionbusiness school building, Perkins + Will, has an expertise indesigning green buildings, which is entirely appropriate, giventhe university’s emphasis on sustainability. Professor SanjayGoel was recently received a prestigious AT&T IndustrialEcology Faculty Fellowship, as well as two major researchgrants to facilitate sustainable transportation. His research projects will yield important practical results for industry andimprove the quality of our lives, by enhancing environmentalperformance and allowing individuals and corporations to usetime more efficiently. The School of Business will continue totake the lead in research, teaching, and service on the formula-tion and implementation of sustainability strategies.

Dear School of Business Alumni and Friends:

Dr. Donald S. SiegelDean, School of Business

MBA Students are Champions This spring two groups of first year MBA students werenamed finalists in business competitions. Andrew Cuthbert,Mark Adams, and James McGaughan, won the top prize inthe Golub Corporation Ultimate Innovation Competition for

their Smart Shopper proposal, enabling customers to create their grocery lists online, obtain coupons and locations of items in the store. Another team: Jeff King and Jim McGaughan were finalists in the Whitman School of Management Case Competition

1fall 2009

BusinessA magazine for School of Business Alumni and Friends

Ernst & Young Alumni DonateContinuing to Support the School of Business

New School of Business BuildingTo be designed by Perkins + Will

School of Business promotes important conferencesCorporate Social Responsibility and Environmental Sustainability;International Conference on Digital Forensics & Cyber Crime

Faculty Research & AccomplishmentsContributing Knowledge to the Academic Community

Briefs

Professor Profiles

Honor Roll of Donors

Alumni Profiles

Dean’s Advisory Board

Connections

Features

Departments

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6

7

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FALL 2009

Jason Ganns, B.S. ACC ’09 was the UndergraduateCommencement Speaker.

Businessis published in the Fall and Spring

of each academic year by the University at Albany School of Business.

UALBANY BUSINESS is free of charge for its alumni and friends.

DEANDr. Donald S. Siegel

VICE DEAN FOR ADMINISTRATIONLinda Krzykowski

ASSISTANT DEAN/EDITORJohn S. Levato

DIRECTOR OF DEVELOPMENTWilliam Roller

WRITERSMichele Flynn

RESEARCHERJennifer Casabonne

ART DIRECTOR/DESIGNERMary Sciancalepore

PHOTOGRAPHYMark Schmidt

COVER PHOTOMark Schmidt

Interested in making a contribution to the School of Business?Contact William Roller atwroller@uamail.albany.edu

SEND ADDRESS CHANGES TO:Data Manager

University at AlbanyUAB 209

1400 Washington AvenueAlbany, NY 12222-0001

or aisstaff@uamail.albany.edu

Address questions, news and all other correspondence to:

The Editor, UAlbany BusinessSchool of Business

University at AlbanyAlbany, NY 12222-0001or J.Levato@albany.edu

2 UAlbany Business

BRIEFS

MBA HRIS One of Four Recognized by SHRMThe MBA concentration in Human Resource InformationSystems has been certified by The Society for HumanResource Management, the premier international humanresource association. It is one of four MBA programs in thecountry meeting criteria for a comprehensive education inhuman resource management. It is the only MBA programin the nation to merge information technology and humanresources. Established in 1985, the HRIS MBA was andcontinues to be ahead of its time. 

UAlbany’s Small Business DevelopmentCenter among Top Ten in NationThe New York State Small Business Development Centerbased at the School of Business, has been named among thetop ten centers in the nation by the U.S. Small BusinessAdministration.

“Small businesses and entrepreneurs are the key engine ofjob growth and improvements in our economic perform-ance,” said School of Business Dean Dr. Donald Siegel.“This award confirms what we’ve long known – thatUAlbany’s Small Business Development Center provideslocal entrepreneurs with the key advisement services theyneed to launch and sustain a profitable company.”

Princeton Review Ranks UAlbany MBA in Top 15The Princeton Review Student Opinion Honors forBusiness Schools found that the UAlbany MBA ranks withHarvard, Dartmouth and Stanford in the general manage-ment category. Over 19,000 student surveys were used toidentify the 15 top business schools in accounting, finance,general management, global management, marketing andoperations. UAlbany was the only SUNY school named in any category.

As reported in the Spring 2009 issue of UAlbany Business,the Princeton Review recognized the UAlbany MBA as the number nine program in the nation with the best opportunities for women.

Leave your markForbes magazine has ranked UAlbany on its list of top 100 best college buys. For decades, the School of Business has provided superior students with financial aid enabling them to receive a high quality education in business andaccounting. In these challenging economic times the need to provide financialassistance for the best and the brightest has never been more important.

One third of our students come from families with incomes of less than$50,000. Financial aid is a necessity and the amount of financial aid we can offer to a talented student is a critical factor in the student’s ability to attend college.

Help us provide a quality education to deserving students by establishing an endowed scholarship at the School of Business. For more information on how to establish an endowed scholarship please contact Bill Roller atwroller@uamail.albany.edu or 518-442-4909.

MS Accounting students

celebrating their

graduation at the school

of business reception

with program director,

Veena Srinivasan,

bottom left front row.

3fall 2009

Meeting and greeting at the Metro New York Alumni Reception at Sardi’s. Photos from top to bottom (names from left to right):

Lucylla Baynes BS ACC ’97, Robin Tylim BS BUS ’94, Lauren Kalkstein BS BUS ’06, Michele Ginsberg BS BUS ’06

Stefanos Marcopoulos BS ACC ’07, MS ACC ’08, Matt Alferi BS BUS ’08, Immaculata Stephen BS ACC ’07, Juri Kondratev MS ACC ’04

George Warnock BS ACC ’79, David Fabian BS ACC ’81, Jan Kevin Myers BA POS ’77

Jill Grossman BS BUS ’81, Jinquin Han MS ACC ’08, Lin Tong MS ACC ’07

The School of Business is committedto providing the resources to movethe school ahead. This fall we welcome three new faculty, two infinance and one in accounting

Dennis Caplan, AccountingAssistant Professor Caplan started hisaccounting career as many do, inauditing. After six years with TouchRoss, and four with Levi Strauss,Caplan returned to school to earn hisPh.D. He spent six years teaching atColumbia University, four at IowaState University and the last four atOregon State University.

Dr. Caplan’s research examines issuesrelated to the internal auditing andpublic accounting professions. He hasused game theory to model auditors’incentives and abilities to detectfraud. His current research usesdescriptive and case study method-ologies to examine recent develop-ments affecting corporate gover-nance, auditing institutions, and theauditing profession’s regulatory andself-regulatory environment. In addi-tion, Caplan writes teaching cases andother teaching materials in the area ofmanagement accounting.

• Ph.D. Accounting, University ofCalifornia at Berkley

• A.B. Economics and Psychology,Washington University in St. LouisMissouri

Na Dai, FinanceAssistant Professor Dai is no strangerto campus. She visited here last fall toparticipate in Annual ConferenceTechnology Transfer Society hostedby School of Business Dean DonaldSiegel, where she chaired a session onState Incentives, Venture Capital and

Success in EntrepreneurialDevelopment Activities.

Dr. Da’s research expertise lies withcorporate finance, public and privateofferings, venture capital and privateequity, financing of innovation andentrepreneurship, hedge fund andregulations. Her publications appearin Journal of Corporate Finance,Financial Management, Journal ofEmpirical Legal Studies and others.

• Ph.D. Finance, University of Kansas

• M.A. Accounting, Ren MinUniversity of China

• B.A. Accounting, Ren MinUniversity of China

Ying Wang, Finance Assistant Professor Wang, known as Yvonne, has passed all threeChartered Financial Analyst examsand is awaiting receipt of her charter.She previously taught at Penn State.At UAlbany, she teaches Money andCapital Markets, Securities, Marketsand Financial Institutions, and theFixed Income Securities Market.

Dr. Wang’s research specialtiesinclude empirical asset pricing,investments, mutual funds, hedgefunds, and fixed income and marketmicrostructure. She was recently published in the Journal of Bankingand Finance.

• Ph.D. Finance (minor inEconomics), Pennsylvania StateUniversity

• M.Phil Accounting and Finance,University of Hong Kong

• B.Econ. International Finance andAutomation Engineering, ShanghaiJiaotong University

New Faculty Round Out the Finance and

Accounting Departments

4 UAlbany Business

FEATURE

The gift from Ernst and Young will be used to

enhance the student experience at the School

as well as provide the resources for the Ernst

and Young Accounting Communications class.

Left to right, Michael P. Petrane, lead recruiting Partner for all of the Northeast; Alex Fredericks,

Partner BS ACC ’95; Donald Siegel, Dean of the School of Business; Ingrid Fisher B.A.

Psychology ’79, M.S. Accounting ’82, Ph.D. Information Science ’02, Chair Department of

Accounting and Law; Evan Maltese, Partner, BS ACC ’90, and Elda DiRe, Partner, BS ACC ’83.

5Spring 2009

This spring, a group of 61 School ofBusiness alumni from Ernst & Young:partners, managers and staff, combined

efforts with the Ernst & Young Foundation tocontribute $100,000 to the school.

This gift brought private support to more than$3 million and total support for the buildingwithin 10 percent of the $64 million goal. Theprivate support represents more than 1,300individuals as well asnumerous international and national firms. TheUniversity also received$54 million in support fromthe 2008-09 New YorkState budget.

The work of our alumni has not gone unnoticed.“The partnership betweenUAlbany’s School ofBusiness and its alumni demonstrates how thepublic/private model leverages resources thatotherwise wouldn’t be available for such animportant undertaking,” said State University of New York Chancellor Nancy Zimpher, whowas on hand for the announcement.

University at Albany President George Philipadded “We thank the alumni at Ernst & Youngfor investing in their alma mater. Their generous support brings us closer to our fundraising goal.”

Part of the support from Ernst & Young will beused to provide resources for a communicationclass for accounting majors, as well as mentor-ing, and career and faculty development. E & Yhas not only provided funding but hands-onsupport of School of Business students. Each year, the firm accepts 15-20 interns and hires approximately 25 School of Business graduates.

“The University at Albany alumni at Ernst & Young arecommitted to supportingexcellence in higher educa-tion and preparing UAlbanystudents for professionalservice careers in business,”said E&Y partner AlexFredericks ’95, who coordi-nated the fundraising effort.

“We thank our alumni atErnst & Young for providing the resources tobetter prepare our graduates to become thiscountry’s next generation of successful entre-preneurs. We are within reach of our $64 milliongoal, but as most fundraisers know, the last 10percent is always the most difficult,” saidSchool of Business Dean Donald Siegel.

Help us raise the final 10%. Play a role in theexciting future of the School of Business. Contact Bill Roller at (518) 442-4909 orwroller@uamail.albany.edu.

Ernst & Young Alumni

Donate $100,000

“We thank our alumni at Ernst & Young for providing theresources to better prepare our graduates to become this country’s next generation of successful entrepreneurs.”

School of Business Dean Donald Siegel

6 UAlbany Business

In June the School of Business moved closer to the construction of the new building with the selection of the architectural firm of Perkins+Will.

Newly named administrators, State University of New YorkChancellor Nancy Zimpher and University at AlbanyPresident George Philip, were on hand for the announce-ment. Chancellor Zimpher said, “This facility will serve as an intellectual hub for business students, faculty and professionals in the Capital Region, New York and throughout the world."

President Philip said, "In this era of fast-moving, globalbusiness, the selection of Perkins+Will ensures this buildingwill offer our students and faculty a world-class facility withan innovative learning environment."

UAlbany joins the ranks of some of the world’s leading institutions of higher education for which Perkins+Will has planned or designed business school facilities, including

the Leonard N. Stern School of Business at New YorkUniversity, the Kellogg School of Management atNorthwestern University, the Haas School of Business at UC-Berkeley, and the Fuqua School of Business at Duke University.

Established in 1935, Perkins+Will is an international leaderin sustainable architecture. Consistent with the University’scommitment to sustainability, plans for the new building willintegrate Leadership in Energy and Environmental Design(LEED) measures, incorporating green building design elements to improve energy savings, water efficiency, CO2emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to theirimpacts. Architect Magazine recently named Perkins+Willone of the top five U.S. firms, and number one for sustainable practices.

“Perkins+Will is dedicated to setting worldwide standardsfor exceptional service and design innovation in architecture,interiors, branded environments, and planning and strate-gies,” said Robert Goodwin, AIA, design principal ofPerkins+Will. “We’re confident that the design of the newbuilding will be a memorable expression of the vision of the UAlbany School of Business.”

“We are enthusiastic about working with Perkins+Will todesign a modern facility that will enhance innovation, entre-preneurship, community engagement, and collaborationwith other colleges at the university, and also promote theintellectual growth of our students and faculty.” said Schoolof Business Dean Donald Siegel.

New York State Senator Hugh Farley, professor emeritus of the School of Business, was also in attendance for theannouncement. He said, “This new building will becomehome to the business professionals who will one day lead theeconomy of our state. This facility will provide a state-of-theart learning environment to help strengthen the school’s sta-tus among the elite business programs in the United States."

Rob Goodwin, Design Principal at the architectural firm Perkins+Will, announces the new building for the school of business at a press conference in June welcoming Chancellor Zimpher.

FEATURE

MOVING AHEAD:Architect Chosen for School of Business Building

7fall 2009 7

Dean Donald Siegel is raising the profile of the School ofBusiness by enhancing the research reputation of the school by increasing our faculty’s inclusion in academic journals andengagement in funded research. A third, very visible approach is conference sponsorship.

Last year, only two months after takingthe reins of the School of Business,Siegel brought The Annual TechnologyTransfer Conference to the school.Several years ago, while at RensselaerPolytechnic Institute, Siegel chaired aconference on corporate social responsi-bility with a focus on economics. Thisfall, he expanded the theme with theinaugural Conference on CorporateSocial Responsibility and EnvironmentalSustainability.

The trend for business is a higher level ofsocial and environmental responsibility.Ecological sustainability has recently drawn a great deal of interest.Dean Siegel served as an editor of the Oxford Handbook ofCorporate Social Responsibility, published last year, a review ofacademic research of the issues that drove the increased interest

in corporate responsibility and the corporate response.

Siegel said, “Multinational firms are under intense pressure frommultiple stakeholders to be socially and environmentally respon-

sible. Managers must be able to determinehow their organizations can become moreecologically sustainable, socially responsible,and economically competitive.”

At the conference, Associate Professor PaulMiesing and Vice Dean Linda Krzykowskispoke on Going Green Globally, nicknamedG3, an intense 10 day program in which MBAstudents evaluate sustainability strategies andopportunities for global companies. AssistantProfessor Eliot Rich, profiled on page 8 ofthis issue, presented his findings on the systems dynamics in sustainability.

Business & Society, the journal of theInternational Association for Business and

Society and a leading academic journal in the area of ethics andsocial responsibility, will publish a special issue based on the conference proceedings.

The conference was sponsored by the School of Business.

Corporate Social Responsibility and Environmental Sustainability

September 2009

Conference Chairs:

Dean Donald Siegel, University at Albany

Associate Professor Marc Orlitzky, Penn State University

Professor David Waldman, Arizona State University

“Computer crime and fraud have grown to alarming proportions.This conference, covering the technical, social, legal, and busi-ness aspects of cyber crime, draws attention to the area,” accord-ing to Associate Professor of Information Technology SanjayGoel, conference chair of the International Conference onDigital Forensics & Cyber Crime, held in early October.

The forensics field is set to explodeand the Capital Region is in a primeposition to take advantage of it, asthe state capital, home to the NewYork State Police ForensicsInvestigation Center, Division of Criminal Justice Services, andseveral academic research institu-tions including UAlbany.

The ICDF2C, the first of its kind, brought together practitionersand researchers to discuss traditional computer forensics andrelated information security concerns, as well as money launder-ing and accounting fraud detection – both of which have becomeincreasingly electronic.

The focus of the September conference was solving computercrime, while in June the School of Business sponsored The 12th Annual New York State Cyber Security Conference,

dealing with crime prevention.

The conference included the interface of cyber security andaccounting. UAlbany Accounting Chair and conference co-chair,Ingrid Fisher, said that forensic accounting is receiving increasedattention. Fisher indicated that the conference integrated

research completed at UAlbany withthat of the State. “This conferencebrings it to all of New York State andthe country. I hope that it leads to col-laboration of research.” The School ofBusiness will offer a graduate level spe-cialization in forensic accounting once it is approved by New York State. TheInternational Journal of AccountingInformation Systems will offer a special

edition covering the conference.

The conference was hosted by the University at Albany,University of New York, New York State Division of CriminalJustice Services, the New York State Police Computer andFinancial Crime Units, the Institute for Computer Sciences,Social-Informatics and Telecommunications Engineering, and Create-Net.

International Conference on Digital Forensics & Cyber Crime

Corporate Social Responsibility and Environmental Sustainability

CONFERENCES

International Conference on Digital Forensics & Cyber Crime

Conference Co Chairs:

Associate Professor of Information Technology Sanjay Goel and Accounting Chair Ingrid Fisher

8 UAlbany Business8

PROFESSOR PROFILES

Associate Professor Janet Marler

When Janet Marler took an Assistant Professor positionat the University at Albany in 2000, it was her first academic job and the start of her second career.

Years earlier, she earned an M.S. in financial management fromCornell, and started work for Arthur Anderson, then the largestpublic accounting firm in the world. Realizing that her niche wasnot in public accounting, she soon took a position as controller forAdvest/Burgess & Leith, a Boston securities firm. It was 1982, thebottom of a bear market. Marler said it was a wakeup call. “Ilearned the cyclical nature of industry. After a couple of cycles you think the world is falling apart but after you live through a couple more, you get more philosophical.”

It was a time of mergers and acquisitions. After her company wasacquired a second time, Marler was asked to move from Boston.Instead she took a position at Torchmark Corporation developingtax shelters and limited partnerships. “It was fun and we made a lotof money until they changed the tax laws.”

Then Torchmark was acquired. Marler had recently given birth toher first child and had begun sorting out the work-family balance.Academia became an attractive option. Marler had taught account-ing and finance but knew she needed her PhD to work in academiaso headed back to Cornell. She chose management because of her

personal interest in the work and familyphenomenon. Her eventual focus in humanresources, an area she notes is a “highlyundervalued business topic” attracted her as it brought together many areas.

Marler started her PhD in 1995, and imme-diately upon graduation in 2000 started at UAlbany, teaching graduate classes in human resource management. She developed a specialization in human resource information systems, which she describes as “our major competency, what distinguishes ourprogram.” In 2006, she was tenured.

Dr. Marler serves on the advisory board for the Oracle AdvanceInitiative. She recently returned from a sabbatical at Wharton. At the Academy of Management conference this summer, she and colleague Rich Johnson presented research on the role of information technology in increasing the effectiveness of humanresource management.

Her husband Bryan is a sales executive at Hewlett Packard. She hastwo sons. Peter graduated from Cornell and works for Facebook.Andrew attends the School of Management of BinghamtonUniversity and plays Division I golf.

Assistant Professor Eliot Rich

Eliot Rich brings a mix of academicstudy and professional experience toeach lecture. A native of Brooklyn,

N.Y., his education includes undergraduatestudy of economics and computer science atBrooklyn College (B.A., 1979), public policy

at Harvard (M.P.P., 1981) and information science at the University atAlbany (Ph.D., 2003). In between his studies, he spent 13 years as a consultant in software design and development, first as a principal atAmerican Management Systems, and later as an independent consultant.

The information technology professor says that this somewhat “ran-dom walk” taught him to blend technological, organizational andbusiness perspectives when approaching complex problems. “As anundergraduate I learned how to apply analytical models and how toprogram computers. In graduate school I learned how to write andarticulate my ideas.” He began his career at AMS where he devel-oped information systems for the public and private sectors, includ-ing project management and decision support tools for Wall Street,financial and operations systems for government, business processreengineering and the first expert system for computerized life insurance underwriting.

When he and his wife started a family, they moved from Boston toAlbany, where Rich resumed his education. Rich began teaching, firstat the College of Computing and Information and later at the Schoolof Business while he was working on his Ph.D. An early teachingassignment for the School of Business was under the guidance ofAssociate Professor Peter Duchessi: Together they taught informa-tion systems analysis and design, a class Rich has now been a part of

for almost a decade. Rich has been the recipient of the School ofBusiness’ Harold Cannon undergraduate teaching award (2005) andthe Dean Warren Hayes graduate teaching awards (2009).

Dr. Rich’s research lies in the area between information systems andorganizational strategy, using simulation models, systems thinking andSystem Dynamics modeling, skills he learned here at UA. His expert-ise has taken him into studies of corporate knowledge management,insider threats to information security, oil platform safety in Norwayand securing the European power grid. “Organizations become vul-nerable when they focus on technical solutions but neglect the socialand operational sides of their operations.” A recent grant from theEuropean Union funds Rich’s current work in helping them preparefor power cut crises. He notes that the grid is equipped to managelocalized problems, but “international crises are more complex. Aspower networks are interconnected, problems can cascade acrossboundaries quickly, and managerial information is scarce.”

Four years ago, Rich learned that he was a match for a four-year-oldgirl who was born without an immune system and would die withouta bone marrow transplant. Rich’s donation was successful, and “thegirl is now a healthy eight-year-old.” The professor worked subse-quently with UAlbany Hillel on campus in support of a bone marrowdrive that yielded nearly two hundred registrants, one of the mostsuccessful drives of the year.

Dr. Rich lives in Slingerlands with his wife Marla Eglowstein, anobstetrician specializing in high risk pregnancies, his daughters Davi,age 15 and Sophie, age 10. His son, Nathan, is enrolled in theJapanese Studies program here at the University at Albany.

9fall 2009

Professor Hany Shawky

PROFESSOR PROFILE

Dr. Shawky was working on a PhD in physics at OhioUniversity when he had the opportunity to take a cou-

ple of electives. He chose finance and economics, subjects he had not previously studied, and became totally fascinatedwith how the stock market worked. Determined to pursuethis further, he transferred to Ohio State University andstarted work on a new PhD, this one in finance.

The professor has been at UAlbany for over 30 years, theonly School of Business professor to hold dual professor-ships; his second is in the economics department. He servedas Chair of the Finance Department from 1981 through1987, and 1992 through 1999. One of the highlights of hiscareer was a recent ranking as a top researcher in financefield (see box at right). Shawky said, “Such recognitionamong my peers is significant to me and to my career atSUNY Albany. It also opens up opportunities for other faculty to be recognized.”

Dr. Shawky’s energy and continued enthusiasm for researchand for his students has led to many exciting opportunities.Among his recent career highlights that he recalls with prideand satisfaction are: the Center for Institutional InvestmentManagement, the Financial Analyst program and hisresearch involvement with students and faculty.

CIIMDr. Shawky founded the Center for Institutional InvestmentManagement in 2002, and served as its director through2007. Shawky notes that promoting research through CIIMhas been a “very exciting part of my career.” He adds,“CIIM provides resources for faculty and student research

and a clear focus for our department.

“I would like to involve more alumni in the school. I believethe center is an important vehicle for us in this regard. Itreconnected us with alums and industry professionals in away that we hadn’t before.”

Financial Analyst ProgramShawky has been involved in theFinancial Analyst program since itsinception six years ago. From thestart, Shawky has taught the invest-ment and the thesis research course.“I love teaching and doing researchwith our students.”

“The financial analyst program isour flagship. The whole finance faculty is committed to it. We havetwo new finance faculty (for story,see page 3). Despite the financialcrisis, students will continue to have good career opportunities.”

He notes that the school has been consulting with alumni to find out what works and what doesn’t with respect to thisprogram. “The FA program will continue to get better.”

ResearchBesides working with every FA student on their senior thesis, Shawky has worked on research with almost everyfinance faculty and many other non-finance faculty in theSchool of Business; from the seasoned to the very junior,and even with some alumni.

Though over the years, Shawky’s research has covered abroad range of topics, his most recent focus is in the areas of portfolio performance evaluation and the risk returncharacteristics of hedge funds.

Shawky didn’t rest when he became full professor ten yearsago. Remarkably, he has published more articles in the past10 years than he did in the 20 years before he made profes-sor. Why? “I love my work.” He is collaborative by nature,“It gets me going when I collaborate with other people whoare also excited about research.” He received the School ofBusiness research award in 1996, 2001 and 2004.

It’s not all academic. Dr. Shawky sits on many boards, mostnotably serving as director and trustee on the board oftrustees of a small cap equity mutual fund.

Professor Shawky wasrecently listed among the“Most Prolific Authors in the Finance Literature:1959-2008” with a

percentile ranking in the top 2% of finance facultyworldwide. He ranked 550 among the 17,601

finance faculty who havepublished at least one article in the top 26 core finance journals.

10 UAlbany Business

Faculty Research & AccDean Siegel has organized a conference on“Corporate Social Responsibility and EnvironmentalSustainability,” which took place on September 25-26,2009 at UAlbany. The purpose of the workshop was topublish a special issue of Business & Society (seehttp://bas.sagepub.com/), the leading academic jour-nal in the field of social responsibility. The conferenceconvened academics from Johns Hopkins, Michigan,Duke, Rice, Penn State, Oxford, Arizona State, ETHZurich, UCLA, and UNC-Chapel Hill. Our keynotespeaker was Professor James Walsh, Arthur F.Thurnau Professor and Gerald and Esther CareyProfessor of Management at the Ross School ofBusiness, University of Michigan (seehttp://webuser.bus.umich.edu/jpwalsh/). Jim is theincoming President of the Academy of Management,the premier association of management scholars, withover 19,000 members from 108 nations. The eventwas somewhat of a homecoming for Jim, since he is a proud alumnus of UAlbany.

Dean Siegel had three articles accepted for publica-tion: “Assessing the Effects of Mergers andAcquisitions on Firm Performance, Plant Productivity,and Workers: New Evidence from Matched Employer-Employee Data,”(co-authored with Ken Simons) in theStrategic Management Journal, “New Developments in Technology Management Education: BackgroundIssues, Program Initiatives, and a Research Agenda”

(co-authored with Phil Phan and Mike Wright) inAcademy of Management Learning and Education,and “Green Management Matters Only If It Yields More Green: An Economic/Strategic Perspective,” inAcademy of Management Perspectives. In March, heserved as a Carlton Whitehead Distinguished Lecturerat the Rawls College of Business at Texas TechUniversity, delivering several presentations to faculty,doctoral students, and MBA students on universitytechnology transfer and corporate social responsibility.He was also named by Governor David A. Paterson toserve on the New York Small Business Task Force.This blue ribbon commission will provide guidance to policymakers on how to promote the growth anddevelopment of small business enterprises in NewYork (see http://www.ny.gov/governor/press/press_0708093.html).

Professor Janet Marler published “Making HumanResources Strategic By Going To the Net: Reality orMyth?” in the International Journal of Human ResourceManagement. Professor Marler was recently named tothe Editorial Board of Human Resource Management,published by Wiley/Blackwell and housed at theUniversity of Michigan (see http://www3.inter-science.wiley.com/journal/32249/home)

Professor Sanjay Goel recently received three majorgrants or fellowships. The first grant was from the

New York State Energy Research and DevelopmentAuthority ($142K) for a study entitled “Self-OrganizedTransport Systems.” He also received a $2.3 Millionaward from Palantir Technologies for equipment to be used in his research on digital security. He wasrecently featured on the front-page of the Times Union(see http://www.timesunion.com/AspStories/story.asp?storyID=827652&category=BUSINESS) andon the university web site (see http://www.albany.edu/news/ release_7037.php). Professor Goel was alsorecently awarded a prestigious AT&T Industrial EcologyFaculty Fellowship for his proposed study on“Investigating Complex Systems: Can CommunicatingLight Signals Reduce Congestion and Emissions?”

Professor Sanjay Goel has organized theInternational Conference on Digital Forensics andCyber Crime (ICDF2C), which will take place onSeptember 30th-October 2nd, 2009 at the Holiday InnAlbany on Wolf Road (see http://www.d-forensics.org/).This event is being sponsored by the School ofBusiness, in collaboration with the Institute forComputer Sciences, Social-Informatics andTelecommunications Engineering and Create-Net, aswell as the New York State Police and the New YorkState Division of Criminal Justice Services (DCJS).Professor Ingrid Fisher, Chair of our Department ofAccounting and Law, is a Conference Co-Chair of this event.

National Recognition for HR/IS Concentration-TheHuman Resource/Information Systems Concentrationin our MBA program has been recognized by theSociety for Human Resource Management, the pre-mier human resource association, as one of four MBAprograms in the country meeting their criteria for acomprehensive education in human resource manage-ment. It is the only MBA program in the nation toincorporate information technology into a humanresource curriculum.

2nd Top 15 National Ranking for MBA Program-OurMBA Program was recently ranked twice in the top 15 nationally by Princeton Review. The School ofBusiness was ranked #9 in the USA for providing the “Greatest Opportunity for Women” (seehttp://www.albany.edu/business/news_and_events/princeton.html). We have also been ranked #14 in the General Management category (seehttp://www.albany.edu/business/news_and_events/princeton_15.html). The University at Albany was the only SUNY research university to appear on any of Princeton Review’s top fifteen lists along nine categories.

Professor David Smith co-authored paper, entitled“Performance and Characteristics of Actively ManagedInstitutional Equity Mutual Funds,” was published in

School of business initiates alumni commencement speaker program. Dean Donald Siegel, Inaugural Alumni Commencement Speaker

Steve Zelin, BS ACC ’84, Congressman Steve Israel, 2nd Congressional District of New York, and University President George M. Phillip. Congressman Israel was

at the ceremony to celebrate the graduation of his daughter Carly.

fall2009

the Journal of Investing. David also published three sole-authored book chapters: “The Economics of Mutual Funds”and “Mutual Fund Fees and Expenses,” which will appear inthe Blackwell Companion to Mutual Funds, and “ResidualDividend Policy,” which is forthcoming in the BlackwellCompanion to Dividends and Dividend Policy.

Professor Kinsun Tam co-authored papers, entitled“Ranking Accounting Journals: A Research Note UsingDissertation Citations” and “Transplanting Social Capitalto the Online World – Insights From Two ExperimentalStudies,” were accepted for publication in Accounting,Organizations, and Society (2008 Social Science CitationIndex “Impact Factor” of 1.803) and the Journal ofOrganizational Computing and Electronic Commerce,respectively. Professor Tam also published a sole-authored paper, entitled “Developing Accounting CourseMaterials as Dynamic Content,” in the Journal ofEmerging Technologies in Accounting.

Professor Guy Fernando co-authored paper, entitled“The Sarbanes-Oxley Act, Perceived Earnings Quality andCost of Capital” was accepted for publication in theReview of Accounting and Finance.

Professor Ingrid Fisher co-authored papers, entitled“Appearance of New Terms in Accounting Language: APreliminary Examination of Accounting Pronouncementsand Financial Statements” and “On a Logical Structure forthe Authoritative Accounting Literature: A Discussion ofthe FASB’s Codification Structure” were published in theJournal of Emerging Technologies in Accounting andIssues in Innovations, respectively.

Professor Seokjoo (Andrew) Chang co-authoredpapers, entitled “Overlapping Liquidation Auctions:Empirical Characterization of Bidder Strategies andAuction Prices,” and “An Analytical Approach to Bundlingin the Presence of Customer Transition Effects” wereaccepted for publication in MIS Quarterly (2008 SocialScience Citation Index “Impact Factor” of 5.183) andDecision Support Systems, respectively. His paper inDecision Support Systems was co-authored withProfessor Giri Kumar Tayi.

Professor Hany Shawky whose co-authored articleentitled “Quantitative vs. Fundamental Analysis inInstitutional Money Management: Where’s the Beef?,”was accepted for publication in the Journal of Investing.

Professor Eliot Rich co-authored papers, entitled“Security in Large-Scale Internet Elections: ARetrospective Analysis of Elections in Estonia, TheNetherlands, and Switzerland” and “EmergentVulnerabilities in Integrated Operations: A ProactiveSimulation Study of Economic Risk” were accepted forpublication in IEEE Transactions on Information Forensicsand Security and International Journal of CriticalInfrastructure Protection, respectively. Professor Rich alsorecently received funding from the European Commissionfor his participation in the SEMPOC project to develop

crisis management plans in the event of cross-borderpower grid failures. This two year activity, based in Spainand with more than twenty planned participants fromacross the European Union, examines service resilienceand crisis response in the case of a multi-faceted attackor failure. He is the only non-EU participant in the project.

Professors Paul Miesing and Ray Van Ness, whose article entitled “Governance and Corporate Boards:Is Theory A Problem?,” was accepted for publication inthe European Journal of Management. The article wasco-authored with Jaeyoung Kang, one of our doctoral students.

Professors Richard Johnson, Cecilia Falbe, and HalGueutal, whose co-authored article entitled, “Technology,Trainees, Metacognitive Activity and E-LearningEffectiveness,” was published in the Journal ofManagerial Psychology. Professor Johnson is serving asprogram co-chair for the Eighth Annual Workshop on HCIResearch in MIS, which will be held in conjunction withthe International Conference on Information Systems (seehttp://sigs.aisnet.org/sighci/icis09_wksp/index.htm)

Professor Sanjay Putrevu, whose co-authored articlesentitled “A Proposed Model of Online Consumer Behavior:Assessing the Role of Gender” and “Informational andTransformational Responses to Celebrity Endorsements,”will be published in the Journal of Business Researchand the Journal of Current Issues and Research inAdvertising, respectively. Professor Putrevu’s sole-authored article, entitled “Consumer Responses towardSexual and Nonsexual Appeals: The Influence ofInvolvement, Need for Cognition, and Gender,” whichappeared in the Journal of Advertising, was recently fea-tured in the “What’s in the Journals” section of theEconomist (see http://www.economist.com/businessfi-nance/management/displayStory.cfm?story_id=12286688).

Professor Na Dai has four papers recently accepted forpublication.They are: “The Quality and Price of InvestmentBanks’ Service: Evidence from the PIPE Market,” with H. Jo and J.D. Schatzberg, Financial Management,Forthcoming; “Capital Flows and Hedge Fund Regulation,”with D. Cumming, Journal of Empirical Legal Studies,Forthcoming; “The Choice of Equity Selling Mechanisms:PIPEs versus SEOs,” with H.C. Chen and J.D. Schatzberg,Journal of Corporate Finance, Forthcoming; “A Law andFinance Analysis of Hedge Funds,” with DouglasCumming, Financial Management, Forthcoming. She alsohas a sole-author book chapter forthcoming, “The Rise of the PIPE Market,” which will appear in Companion toPrivate Equity (Chapter 7) by John Wiley & Sons, Inc.

Zheyin Gu whose co-authored a research paper entitiled“Quantity-Discount Dependent Consumer Preferencesand Competitive Non-linear Pricing" (with Prof. Sha Yangat NYU) has just been unconditionally accepted for publication in the Journal of Marketing Research.

omplishments

you could give to onesingle organization

devoted to

challenging young minds,

exploring alternative energy,

pioneering cutting-edge research,

and educating thebusiness leaders oftomorrow?

School of Business donors are doing all of these things and much, much more.

www.albany.edu/giving

Wouldn’t it be great if . . .

12 UAlbany Business

The following donorshave contributed all or aportion of their annualgift to The University atAlbany’s School ofBusiness from July 1,2008 to June 30, 2009Abram Brubacher Society($500,000 to $999,999)Deloitte & Touche Foundation (**)

John M. Sayles Society ($250,000 to $499,999)Michael T. Carmen ’84Pamela Carmen

William J. Milne Society($100,000 to $249,999)Karen B. Manor ’87Anthony P. McCarthy ’84Thomas M. Metzold ’8

Edward P. Waterbury Society($25,000 to $99,999)At&T Global HeadquartersDean C. Backer ’88Anna Backer David A. Buzen ’81Lynette Feit Buzen ’82Ernst & Young Foundation**Fidelity Charitable Gift FundEllen Fine Levine ’78Bernard Kunen Lora Kunen Elllie Moore Renaissance Charitable FoundationSAP America, Inc.The Schwab Fund for Charitable GivingPaule ShahPremal N. Shah ’71,’72Roy J. Wood, Jr. ’94Margaret Yager Middleton***

David Perkins Page Society($10,000 to $24,999)Stacy E. Bash-Polley ’89Jeffrey H. Black ’76*Lee Ann Black Patricia A. Caldwell ’75Deborah A. Gaioni Curtis ’81Saul M. Curtis ’81*Elda A. Di Re ’83*William J. Flaherty Dominick Giuffrida ’91*The Goldman Sachs Foundation**Goldman Sachs GivesJewish Communal FundDorothy G. Dankner Matza ’78Robert Matza ’77National GridJoan D. Rosenthal ’76Frederick Schiff Mark B. Taylor ’84Nancy E. Taylor Annmarie Emanuelo Uhl ’86Robert Uhl ’87*George P. Warnock ’79*Lois E. Zinman Warnock ’79Christine C. Liu Wehle ’93Edward J. Wehle ’94,’94

The Fountain Society ($5,000 to $9,999)Guy Alonge, III ’85Nolan T. Altman ’77Susan G. Diamond Altman ’77Stephen R. Borsy ’89*Barbara Bakal Borys ’78Michael J. Borys ’78,’79*Deloitte LLPEdward J. Demske ’58Elizabeth Drumm Demske ’61,’63GE Foundation**

Todd G. Goldman ’82Hillary D. Rosin Hansen ’93*Scott R. Hansen ’93Hiroshi Hatano ’89,’95*IBM Corporation**Stacy J. Kanter ’79Kevin M. Kispert ’92*Eric M. Kornblau Roanne M. Kulakoff ’81LeverPoint Management LLCScott Levy ’87Sharon L. Mindlin Levy ’88Evan J. Maltese ’90*PricewaterhouseCoopers Foundation**Mitchell Rosendorf ’87*Frederick W. Round ’77*Nat E. Ruta ’91*Wendy S. Ruta ’93Glen P. Shields ’94,’98U.S. Charitable Gift TrustVanguard Charitable Endowment Program

Janis R. Greenberg Weilheimer ’84Michael Weilheimer ’83Jan T. Woodcock ’86,’91*Emad Zikry ’72Judith Hannaway-Zikry

The Podium Society ($2,500 to $4,999)Richard W. Adams ’71,’72Berkshire BankAmy J. Auerbach Bloomstone ’81Benjamin Bloomstone ’79Matthew P. Cahill ’86*Harold R. Cramer ’73*Donna Cramer Howard B. Dicker ’84Carole DeYulio Randolph J. DeYulio ’92*Brian J. Dziengiel ’77*Priscilla Hayes Ewing ’46ExxonMobil Foundation**Alex J. Fredericks ’95*Cynthia Pond Hansen ’78Robert G. Hansen ’77*Steven R. Korf ’80*Gary J. Langton ’82,’84Joseph P. Richardson Joan L. Pike Richardson ’79Robert E. Rostron ’94*Larry B. Scheinfeld ’76Jane K. Scheinfeld Robert W. Schwartz Gail G. Schwartz ’76Schwartz Heslin Group, Inc.David Stollow ’94*UHY Advisors NY, Inc.Robert Wann, Jr. ’04Wann Family Foundation

The Purple & Gold Society ($1,000 to $2,499)Academy of ManagementAccenture Foundation, Inc.Joseph J. Allen ’91*AT & T Foundation**The Ayco Charitable FoundationJohn Bennett Deborah Bennett Jeffrey F. Berg Rai P. Bhargava ’74Bhargava FoundationJeffrey A. Blumberg ’82*Frank Boncimino ’89Kathleen Kissane Boncimino, MD ’89Mark E. Boucher ’06Barry L. Brick ’82Rosemary Brick Matthew J. Brooks ’02*Capital District Physicians Health PlanChristopher A. Carter ’76Michelle Cheng Peter K. Cosgrove ’98*

William R. Danola ’75*Beth S. Muller Diskin ’76Robert H. Diskin ’76Christine A. DeLaMater Doyle ’04Daniel E. Doyle ’97,’04Michael Dunn James P. Eckert ’94Ernst & Young LLPFairfield County Community FoundationFidelity Foundation**First Niagara Risk Management, IncMichele Fleckenstein ’81Nicholas J. Gajdjis ’86Bruce H. Geller ’91Julie A. Giglio ’87Jonathan M. Goldblatt ’94*Tal Goldhamer ’94*Beth A. Goldstein ’94*Albert S. Gordon ’81Golub CorporationGrant Thornton Foundation**Mary P. Brewer Haggerty ’82John K. Hoey ’83Johnson & Johnson Family ofCompanies Contribution Fund**Ellen S. Kamelhar ’90Todd R. Kamelhar ’90,’90Susan G. Darsa Kane ’82Daniel M. Kane Kevin S. King ’76*Edward A Klein ’68*Richelle N. Konian ’95The KPMG Foundation**Deborah Kuntzman Fredrick S. Kuntzman ’82*Melissa Laszlo Rudy J. Licciardi ’88*Jeffrey R. Lindenbaum ’85Ellen A. Lindenbaum Lockheed Martin Corporation**Richard D. Lynch ’82*Kevin Lyons Sheri L. Wingate Lyons ’96Susan N. Marks ’81*Christopher P. Montclare ’93,’94Deborah A. Moshier-Dunn ’93Karen Neel James A. Neel Kathryn L. Neel ’04Kristin T. Neel ’02,’04The Neel FoundationTimothy S. Nelson Paul E. Norcross Debra H. Paget ’76,’78*Lawrence V. Palermo ’98*Richard J. Penkoski ’88*Frank H. Penski, Esq. ’67Patti Smith Penski ’72,’72Judith A. Phillips ’86Robert F. Platner ’68Jill T. Poveda ’96Michael A. Poveda ’95*Janeen D. Prosek Timothy Rittenhouse ’79Thomas J. Restivo ’86,’93*Peter Rodenrys ’38William J. Roller ’80,’82Terri S. Scalise Roller Mary E. Ropes ’87*Elizabeth R. Rae Rosenstein ’92*Daniel C. Rudin ’77*Steven M. Samuels ’85*Judy A. Berlin Samuels ’86Martin Schatz Jeffrey G. Schwartz ’94*Marsi E. Goldberg Schwartz ’94Bradley M. Seltzer ’74Donald S. Siegel Gary E. Skiba ’79*Danielle J. Smolen ’94*Robert M. Smolens ’80*Michael S. Spindler ’81*State Street Foundation**

Lisa C. Stratton Michael J. Suba ’90,’93John R. Taggart ’81*Adam Thoelen Frank T. Thoelen ’71Joanne Thoelen Time WarnerCaren M. Carder Tucker ’88Robert T. Tucker ’88United Way of Delaware Tocqueville Society

Dominic J. Varrialle ’91Margaret Varrialle Harlan J. Wakoff ’88Lloyd M. Wirshba ’79Susan Wirshba

The Minerva Club ($500 to $999)Lara Abrash ’90*A I G**Stuart L. Altman ’81Sara Altman Catherine M. Peak Bendert ’81Thomas Bendert ’81*David L. Bernstein ’79Martin Biegelman Frank M. Blohm ’80,’82,’85Eileen R. Feldman Breindel ’75*Karen Connolly Thomas J. Connolly ’80Cornell University FoundationMaureen R. Andrade Devas ’89Duff & PhelpsStephen R. Dulin ’78*Barbara Cappoli Eberlein ’76Robert N. Eberlein ’76Amy L. Silberstein Feller ’87*Howard J. Feller ’87Frederic J. Gelfond ’87Holly B. Weisman Gelfond ’86Gary S. Goldstein, DDS ’01Richard E. Grant, Sr. ’78Michael I. Gutter ’91Wendy S. Hale ’05*David A. Heilbrunn ’87HSBC BANK USA**Marc Isaacs ’74Robert A. Isbitts ’86Linda S. Alcheh Kaplan ’83Jay S. Kaplan Kevin S. Katz ’96Kekst and CompanyEmily Levy Lisa A. Lickstein ’01Marc T. Macaulay ’91*Sondra L. Meehan Macaulay ’91Mark Maroney ’99MBIA**Kevin J. McCoy ’85McGraw-Hill Foundation, Inc.**Merrill Lynch & Co Foundation Inc**Janice L. Meyer ’81Amy D. Choc Nitzky ’78*Michael P. Petrane *Victor E. Petri ’87,’89Thomas L. Potter ’93*PricewaterhouseCoopers LLPJonathan P. Rice ’75*Graciano Rivera Allan B. Rosenstein ’91David P. Ross ’72Marilyn E. Olson Ross ’71Roger B. Savell ’83*Stephen J. Schaus ’75,’79Valerie Ripka Schaus ’75,’79Lynn C. Silber ’76Alan C. Solano ’77,’78Gavin D. Solotar ’86Joan S. Rosenbaum Solotar ’86Stavis SeafoodsDarrin Stollow ’97*Travelers Foundation**Thomas F. VanDermark ’94*

Alison C. Weinger Kurt V. Wojdat ’80Camille L. Calafiore Zaslau ’92*

The Carillon Club ($250 to $499)ADP Foundation**Donald J. Anderson, Jr. ’94,’96Jennifer Jakuboski Anderson ’97AstraZeneca Inc**AT&T United WayAvon Foundation**Gerard F. Baccaglini ’84*Barclays Capital**Neil B. Becourtney ’82Eric S. Block ’80Anne E. Molesphini Blood ’87John Blood*Zena J. Brand ’79*Christopher A. Brassard ’82Wayne M. Brumer ’83,’84*Cathy L. Bybel Joseph A. Bybel ’88Victoria Calkins David M. Calkins ’93Gretchen Kugler Chenenko ’78Steven F. Chenenko ’78*David J. Ciccone ’92,’94Michele A. Ciccone ’95Timothy Q. Conboy ’89Richard A. Covkin ’80Davonash Consulting, Inc.Chubb & Son Inc**Richard Dedeo Joan K. Derusso ’77Denise M. Sheridan DeVoto ’82John J. DeVoto ’82Debbi S. Rothstein Federbush ’85Marc A. Federbush ’83Mindy S. Fine Fine-Fleder ’77William W. Fish ’73Michelle R. Spandorf Fishman ’85Steven Fishman Kristin A. Gentile ’05*Terry M. Glick ’82Stephen T. Gregg ’73Gregg L. Hamerschlag ’81Judith S. Turner Hamerschlag ’84James E. Harris ’74Thomas P. Henk ’94*George W. Hiza ’73Edward C. Holcomb ’79J.P. Morgan Charitable Trust**Carol T. Krohn ’80*Joann F. Drakopoulos Lambos ’89Dominic J. Lemma ’77Catherine M. Hlawatsch Lepone ’77Raymond M. Lepone Richard R. Levine ’78Eileen P. Sheehan Lewis ’85*William Lewis Daniel J. Loparco*Debra LoParco Masako Lorrin ’90*Donald J. Lutt ’87Mark McCabe Moira J. McGrane ’78MetLife Foundation**Jennifer L. Monteverd ’06*Nationwide Foundation**Novartis US Foundation**Stuart P. Novick ’85NY Business Development Corporation**

Barbara J. O’Neill ’91Timothy S. Perotti ’06Perry Capital LLC**Tania N. Petrina ’04*Kenneth C. Pfeil ’72Pfizer Inc.**William T. Rainey, Jr. ’81Shaheen Rehman ’73Tyrone Reid ’00Rockefeller Group**

SCHOOL OF BUSINESS HONOR ROLL OF DONORS 2008-2009

13fall 2009

Tina F. Kravitz Rosen ’82*Barry Rosen Michelle L. Arlotta Routh ’94Troy D. Saber ’99*Robert T. Schildkraut ’85,’86Michael B. Schleifer ’06Johanna C. Schweitzer ’06Seth E. Slivka ’82Wendi A. Wigler Slivka ’82Deborah Goldman Smith ’70*Robin F. Smith ’76*Justin M. Spitzer ’00Shamella A. Stewart ’00*Abel J. Sussman ’96Salvatore J. Tocco ’76*Rosalia Tocco Andrew J. Turchin ’78Grace Barkus Vogel ’77Paul E. Voorhorst ’88*Wachovia Bank of North Carolina**Diane J. Baist Walton ’83*M. Susan Avera Watson ’79Bruce Watson Christine M. Palermo Wood ’00Jeffrey S. Woolford ’87*Mary Woolford Marierose Zwerling Gary L. Zwerling ’72

The Albany Club ($100 to $249)Nancy S. Abbott ’79John Adams Aetna Foundation, Inc (**)Frank J. Alessi ’66Mohammad K. Ali ’05,’06*Allstate Foundation**Carol Alnutt Bruce I. Altman ’74*Gail Altman Joy I. Amazigo ’95,’05Anchin Block & AnchinLouise E. Armstrong ’60Donald F. Arnold, Ph.D. ’66Assurant Foundation**Bank America Foundation**Norman E. Bagley, III ’70Paul R. Bailey ’69Daniel L. Bailey ’87,’92Dori Kranzburg Bailey ’88Carl R. Bangert ’78*Eileen Bangert Lisa Baron ’83Kathleen W. Bassinger ’84Michael W. Battle ’97Mary Guerin Baumeister ’84Michael Baumeister ’83Jeffrey B. Besselman ’83Jeanne Beyer ’78John Biagini Melissa Blacksin Charles V. Blanchard ’71Connie Blanchard David J. Blesy ’76Greg E. Bloom ’86Jeffrey F. Blum ’86Bonnie K. Goodman Boilen ’89Scott G. Boilen ’88Marie C. Bolchazy ’79Bolchazy-Carducci Publishers Inc.Karine Boorady ’96Dave A. Breitenbach ’96Karen Bresnan Sandra J. Brokaw ’82Susan E. Bromm ’76David S. Brooks ’04*Ivan C. Brown ’70Janet A. Novok Brown ’71Pasquale F. Buffolino ’96Linden F. Byass ’00Maria T. Caban-Garcia ’79Stefano Cambareri ’86James D. Cameron ’74Donald W. Carman, Jr. ’76,’89Veronica Carvalho Amie J. Cennamo ’93Gary V. Cerreta ’88*

Robert B. Chellis ’78,’80Citrin Cooperman & Company, LLPLawrence W. Clarke ’72Barbara E. Covkin Cohen ’78Robert K. Cohen Dena S. Cohen-Weinstein ’80Computer Associates International**Jay H. Cookingham ’77Caroline Cookingham Daniel R. Cuddy ’84Mark S. Cwirko ’86Beth Kravietz Davis ’79Mitchell K. Davis ’79James Dehn Lynn Edwards Dehn ’71Michael Demakos ’83Walter M. Demczar ’79,’91William H. Desormeau ’00Lauren M. Destefano ’06*Donald H. Deveer ’89Jeffrey C. Dickert ’88Nicholas P. Dileone ’96Christopher M. Dillon ’87Barry A. Dinaburg ’84John J. Donofrio ’72Daniel S. Dubin ’68,’68Ellen Arshansky Dubin ’71Lynn Otterman Eastman ’74Danny Eastman Susan Edelson Robert F. Eichhorn ’69Jason P. Ellsworth ’05*Mary W. McGuire Ervin ’00Robert C. Farquharson ’71,’78Ian Farrell ’81,’90,’90Alan D. Feldstein, CPA ’81Andrew Fessak ’99Andrew I. Finkelstein ’08Eric W. Finocchiaro ’95*Ira A. Fishman Sheryl M. Polis Fishman ’82Burton Flax Louise A. Flynn ’78Joseph Froniewski ’79James R. Galarneau ’00Karen A. Kretzler Gallacchi ’88Ellen D. Wasserman Galvan ’76John R. George ’89Allison J. Gier ’96Andrew T. Gilinsky ’82Daniel Glenn Francine J. Belsky Godgart ’81Robert Godgart Bonnie L. Goldmacher Peter J. Gorman ’85Giulietta Gould ’96John A. Grady ’95Lauren D. Tschinkel Grams ’00*John B. Green, Ph.D. ’72Stephen J. Grifferty ’84John T. Griffin ’73Mark A. Grimaldi ’85Randy Hadden ’97,’99*Charalam Hadjioannou ’86Lisa Zona Hafker Robert P. Hafker ’83Bruce R. Hafner, Esq. Gloria Hafner Rich Hall Dawn Hampsey ’90*Bruce J. Hawver ’70Edith Hawver Lynn Heaney Joseph Heaney Howard Heffler ’74Karrie M. Henighan ’97Linda R. Herman ’79Laura S. Hinthorn ’78*Elisa N. Hodge ’88Kay L. Hoiby-Griep ’80Amy E. Horner ’07,’08*Christopher M. Horvers ’95Kevin D. Husted, Sr. ’84Kristy L. Ackert Illuzzi ’98Hari S. Iyer ’05

Umesh C. Jain ’91Thomas A. Jones ’98,’00Ronald E. Joseph, Esq. ’80Kevin G. Joseph ’02Thomas G. Kaiser ’70Spencer B. Kalish ’93Kristina L. Kalloff ’07Anil Kapoor ’96Lori G. Wasserman Karbel ’82James F. Keahon ’80Mark F. Kellett ’77Mary E. Kennedy ’76Brian R. King ’07*Mark A. Kirsch ’82Theodore Kleynerman ’99Walter P. Klisiwecz ’89,’99Elise R. Knaus ’05James R. Kohlhoff ’78Robert W. Kohlus ’74,’76Jeffrey D. Kolmer ’72,’74Stanley Komorowski Michael D. Korngold ’77Susan Austern Korngold ’77David C. Kovalich ’90Sandy Kris Linda M. Krzykowski ’93Ernst Kuschel ’00Robert H. Labanowski ’76,’87Chi Y. Lee ’06,’07Myung S. Lee ’85Mathew Levy ’85Debbie Linken Rick Linken Carol Skolnik Lioz ’69,’70Lawrence S. Lioz ’67Francine G. Lipson Richard S. Lipson ’77Thomas G. Litke ’90Arthur P. Lorenz ’81*Craig S. Lowenthal ’85Arlene Pousont MacDonald ’62Gail C. Klein Maisel ’75,’79Charles F. Makarsky ’82Susan Spencer Maloney ’84Jennifer C. Marinelli ’07,’08*Matthew W. Marnell ’76Levi J. Mayer ’03*Ryan M. McCabe ’04Paulette McCarron Francis O. McDaniels ’64Shawn M. McGrath ’96,’98Sandra L. McGregor ’90Mirril M. McMullen ’81*Bruce McNulty Amy E. Jason Merkle ’93*Robin G. Reiner Meyers ’84Gary A. Miller ’93Rebecca L. Miller ’00Alan L. Milstein ’92John I. Mitchell ’72Lynn M. Krasner Montag ’83Joann Monte Morgan Stanley FoundationRichard Morris Erik I. Morton ’00Francis R. Murray ’07Dean M. Nardone ’82Judith F. Nichter-Morris ’76Leo F. O’Connor, Jr. ’73Ilene Ogno Duane R. Oser ’84David G. Oster ’92Marcie J. Fier Passarella ’86*PepsiCo Foundation Inc**Eric Perlman ’75William B. Perri ’98Robert Pintauro, MD Joseph W. Pinto, Jr. ’02Joyce Polacco Frank Polemeni Michael J. Polesnak ’71Marian D. Davis Porter ’45Michael J. Preble ’73*Ira Presser Vikram S. Purewal ’04*

Debra A. Raszka Cynthia R. Campbell Reiss ’89Steven A. Reiss ’78Timothy C. Reiss ’91Yisheng Ren Steven A. Rich, Ph.D. ’82Milton R. Rico ’90,’91*Jean M. Rico ’85Paul Robertson Thala Taperman Rolnick ’83Cindy S. Birnbaum Ronson ’81Dino Rosati ’92*Linda Zimmerman Roth ’80Marjorie S. Gruberg Rovereto ’82Mitchell J. Rubin ’77Patrick K. Russell ’73Haileab Samuel ’04Joann Sanchez Steven J. Sanders ’83Cheryl I. Barr Sandgrund ’81Ronald M. Sandgrund ’79Christopher J. Sangimino ’06*Wagner X. Samaniego ’04,’06*Jessica R. Satterlee ’04,’05Kirk Schanzenbach ’75Matthew J. Schwabrow ’95Kenneth M. Schwartz ’92Andre E. Scipio ’94,’96*Marilyn Cohen Shapiro ’72,’75David R. Siemens ’79Timothy L. Silva ’82*Jeremy Silver ’97Ronald L. Simons ’75Sharada Singh ’89John P. Skramko, Jr. ’82Jeffrey S. Smith Jennifer R. Smith ’06*Lisabeth A. Sore ’04Bonita Spiegel ’93Mitchell Spiegel Rebecca Mazza Stafford ’95Scott J. Stafford ’94Rebecca Mazza Stafford ’95Scott J. Stafford ’94Megan A. Stange ’06Jean Stress Stewart ’58,’63Mark P. Stone ’92,’93Elizabeth A. Tarpinian ’93Joseph F. Taylor Karen J. Goldman Taylor ’76Frederick H. Terry ’66,’68

Daniel T. Thaler ’90Theodore T. Thompson ’81,’83Fanya N. Dannhauser Thomson ’91*Daniel P. Tinkelman ’78John Traylor Suzanne E. Traylor, CPA ’92Kristen J. Harris Triba ’03,’07*Caryn H. Tuckman ’75Cynthia Davis Turcot ’82Frank J. Tuttle ’70Susan C. Hausman Udasin ’80Seth Udasin UPS Foundation**Michael S. Van Wart Jr. ’08Timothy A. Veraska ’91*Nancy A. Olsen Verhey ’90Anna K. Vogue Volk ’90Marian Wade Marcy L. Wagman ’80,’82James N. Walser ’73,’94Dennis J Walsh ’03Kimberly J. Walton ’91Roberta M. Seibert Way ’68Susan A. Weaver Thomas J. Weber ’76Jeffrey J. Weberman ’77Carl M. Weiner ’86Michele M. Ketcham Weiner ’86David A. Weinstein ’79Andrew E. Weinstein ’85Valerie K. Schuster Weinstein ’87Mark S. Weissman ’89Mark D. Wells ’83Angela Wen ’98Amy C. Wendt ’92Carl Weng ’04*Todd A. Whitestone ’78*John T. Wickline ’79Janice Wilson Andrew J. Wolf ’82*Bruce L. Wolff ’78David B. Zager ’03*Jeremy M. Zissman Sharon D. Kirsch Zissman ’84Steven Zucker ’81

*Individuals whose employers generously matched their gifts**Employers who have generouslymatched gifts of their employees

Clockwise from top left: Sorell Chesin, Associate Vice President for UniversityDevelopment presenting the Ernst & Florence Bensinger Milano Scholarship toJelisa Roche, pictured on the left, and Magdalena Kura. Dean Backer, Alumnus, presenting the The Dean C. Backer ’88 Scholarship to Christian LaBier. MichelleMoshier, Faculty, Accounting, presenting the New York State Society of CertifiedPublic Accountants Award to Mark E. Hughes, MS ACC ’09. Alexis Imprescia (2nd

from the right), President, Delta Sigma Pi, presenting the Delta Sigma Pi ScholarshipKey (awarded to the highest cumulative grade point average for a graduating senior)

to Jason Ganns, Kaitlyn Vittozzi, and Alexandra Eaton (pictured left to right).

14 UAlbany Business

When Peter Petrillo started college, he was unsure ofwhat direction to take. “With no familial guidance,

I had no idea what I wanted to do with myself. All I knewwas I was good with numbers and the probabilities ofemployment seemed high with a degree in accounting.” So that’s the route the Massapequa native took.

He enrolled in the departmental accounting program, but soon found that, as a freshman, he didn’t yet have thediscipline for the double major program. At the end of theschool year, Assistant Dean John Levato called him into hisoffice to tell him he’d been kicked out of the program. Upto then, Petrillo says, everything had come too easily. Bythe end of his sophomore year, he “clawed his way backinto the School of Business” by being the student he said heshould have been in the first place and that the experiencetaught him a life lesson about what it takes to succeed.

When Petrillo started his first job at Pannell Kerr Forster,he quickly realized that auditing wasn’t a long-term careerfor him. However, the experience gave him the practicalexposure to what he calls the “lan-guage of business.” Petrillo alsotook the opportunity to discussfinance and how to run a businesswith the CFO and others. Heearned his CPA and three yearslater accepted a dual-duty posi-tion: controller and analyst, withhis client: Lambert BrusselsCapital Corporation, an earlyinstitutional private equity fund.

It was 1985. Soon after he started, the analyst/controllerwas brought into a room with one of the first IBM PCs sitting in a box in the corner and asked, “Can you get thisthing running?” Petrillo found that the machine had beenthere for almost a year – no one knew what to do with it.He attached the external 10Mb hard drive, learned Lotus 1-2-3, and created some of what he calls “crude models” to run valuation analyses.

Petrillo went on to earn an MBA in finance from New YorkUniversity, a year before the Drexel Burnham Lambertdemise led to a similar fate at its Lambert Brussels affiliate.

Although this careersegment endedabruptly, Petrillo’slove affair with thebuyout business had begun.

He landed on hisfeet, consulting forClaymore Partners which resulted in his best hands-onbusiness experience to date. For the five or so years Petrillowas there, he served as turnaround manager and strategicplanner for corporate clients, helping middle market companies with a multitude of issues, including product and service rationalization, organizational re-alignment,operational challenges, and corporate finance solutions.

Petrillo was traveling five days a week, and though the workwas challenging and rewarding, the lure of another stint inprivate equity was too hard to resist.

As Senior Managing Director of the Direct Equity Divisionat Wafra Partners, Petrillo relishesworking with middle market compa-nies. “The middle market is theengine that drives the economy. Irevel in the entrepreneurial spirit ofpeople who grow these companiesand I have the good fortune to investalongside them and then to worktogether toward continued success.”

Through his career, Petrillo has been involved in the acquisition and disposition of “more companies than I canremember.” Today, he serves on the board of directors ofabout a dozen portfolio companies operating in a multitudeof industries.

Petrillo stays in close touch with many Albany alum and isthankful for such lasting relationships. He says all of themare successful, in his view, and he credits “Albany’s competi-tive environment made up of smart, aggressive people.”

Petrillo lives in East Norwich on Long Island with his wifeLynda Benvenuto ’83 and his children Alex, age 15 andMarisa, age 12.

Peter Petrillo ’82Senior Managing Director, Wafra Partners

ALUMNI PROFILES

“The middle market is the engine that

drives the economy. I revel in the entre-

preneurial spirit of people who grow these

companies and I have the good fortune to

invest alongside them and then to work

together toward continued success.”

15fall 2009

Maryanne Lavan’s career has come full circlefrom business to law to business. When

she was a sophomore at the University at Albany,Lavan chose business as a major even though shehad set her sights on law school. “I had decidedon law as a career. First, I worked towards a busi-ness degree so I could get a job right out ofschool.” But immediately upon graduation, sheheaded to American University to begin her JD.

Starting her career asa legal associate at afirm called Pettit &Martin, Lavan wasrecruited to the legaldepartment of one ofthe firm’s clients:Martin Marietta, now Lockheed Martin. Her specialization was litigation and compliance.

Lavan notes that as Lockheed Martin merged andgrew there were opportunities for growth, but atthe same time there was increased competition. Amove to a business area gave her the opportunityto work on contracts and employment law. Anopportunity to see the whole corporation camewhen she was asked to take the role of VicePresident of Ethics, an area she had worked inthroughout her career at Lockheed Martin. “Itwas an interesting time. I wasn’t functioning as a lawyer but more of an ombudsman.”

She continued to round out her career when shebecame Vice President of Internal Audit, whereshe manages a staff of 70s. Her degree in businesshelped her in her new role.

According to Lavan, career success results from abalance. “You have focus on what’s best for thecompany, make your own opportunities, treat

people well and consistently perform well.”

Lavan is grateful for the education she received at the University at Albany, noting that five of herseven siblings attended schools in the SUNY system. “My degree set me on a course for futurecareers. UAlbany is such a great opportunity andsuch a great value. To ensure success of our futureleaders, we have to educate them.”

Lockheed Martin hasgiven Lavan “the flexi-bility to be a mom and a VP.” She is incrediblyproud of her two chil-dren Mikayla, 14 andZachary, 11.

Lavan grew up in Farmingdale Long Island,daughter of a schoolteacher and a mom whoworks as a cashier for OTB. She currently lives in Potomac, Maryland with her husband, LarryHarris, an attorney for Greenberg Traurig, andtheir children.

Maryanne R. Lavan ’81Vice President of Internal Audit, Lockheed Martin Corporation

My degree set me on a course for future

careers. UAlbany is such a great opportunity

and such a great value. To ensure success of

our future leaders, we have to educate them.

Michael Alfano ’82BS Business Admin.Senior DirectorOracle Corporation

Dean Backer ’88BS Business Admin.Managing DirectorGoldman, Sachs & Co.

Stacy E. Bash-Polley ’89BS Business Admin.Managing DirectorGoldman, Sachs & Co.

William A. Battino ’81BS Business Admin. PartnerIBM Global Business Services

Jeffrey Black ’76BS AccountingVice-ChairmanDeloitte & Touche

Michael Borys ’78, ’79BS Business and EconomicsMBA Business Admin.Vice PresidentGoldman, Sachs & Co.

David Buzen ’81BS Business and EconomicsCFOChurchill Financial

Patricia Caldwell ’75MBA Business Admin. PartnerGordian Group, LP

Michael Carmen ’84BS AcountingPartner Wellington Management Co. LLP

Saul Curtis ’81BS AccountingPartnerPricewaterhouseCoopers

James M. DePonte ’84BS AccountingPartnerPricewaterhouseCoopers

Neil J. Flanagan ’87BS Business Admin.Managing DirectorJefferies & Company, Inc.

Michele Fleckenstein ’81BS AccountingCFOBerkley Capital, LLC

Salvatore Gentile ’85BS Accounting

Alan Goggins ’84BS AccountingPartnerBarnes, Richardson & Colburn

DEAN’S ADVISORY

BOARD

ALUMNI PROFILE

Brad Coleman is a true blue NewYorker, born in Brooklyn, and

except for two years in Chicago, haslived in Manhattan since he startedworking for Arthur Andersen upongraduation. The accounting majorworked as a tax account-ant with Arthur Andersonfor three years beforereturning to school in 1986 to get his MBA at the University ofChicago.

With his MBA, Colemanmade the transition fromaccounting to investmentbanking, joining SolomonBrothers in August 1988.While the firm has been through sever-al mergers and name changes, Brad hasbeen with Salomon, now Citi, ever since– 21 years and counting.

During the early part of his career as aninvestment banker, Coleman worked asa generalist, but with a focus in mergersand acquisitions, high yield and restruc-turings. Since the mid 90’s he hasfocused on providing a full range ofinvestment banking products and servic-es to private equity firms and hedgefunds, including such well known firms

as Apollo Advisors, Bain Capital andCerberus Capital Management.

The long-time head of the U.S. finan-cial sponsors business, in 2008 Colemanwas named global head of a new group

within Citi’s investmentbank called AlternativeAssets, which collectsunder one roof theinvestment banking coverage of global privateequity firms, infrastruc-ture funds, and the private equity arms ofsovereign wealth fundsand hedge funds. Heleads teams in New York,Hong Kong, London and Tokyo.

Coleman has traveled extensivelythroughout the world for business andpleasure. The avid cyclist has biked inVietnam, New Zealand, Poland,Croatia, the French Alps, Hungary,Slovakia, the Grand Canyon, and the Canadian Rockies, among other destinations.

In June of 2009, he married KyongChung, director of strategy forUniversal McCann. The couple resides in Manhattan.

Brad Coleman ’83Global Head/Alternative Asset Group, Citigroup

CONNECTIONSRichard Iacono, B.S. BUS ’80, is Project Executiveof Banking, Finance & Securities at IBM in Southbury, CT.

Carol T. Krohn, B.S. ACC ’80, is Director, TaxAccounting at Avon in Rye, NY.

Larry Shilling, B.S. BUS ’81, is the Vice Presidentof Database Technology for Goldman Sachs in NYC.

Shari Ginsberg, B.S. BUS ’83, is employed by SJG Personnel in NYC.

Allan M. Greissman, MD, B.S. BUS ’83, is a Medical Doctor in Pediatric Critical Care at MemorialRegional Hospital in Hollywood, FL.

Arnold Herrmann, B.S. ACC ’85, is employed by Starr & Co LLC in NYC.

Arnold Reich, MBA ’85, is Lead ApplicationsSystems Developer at Columbia University in NYC.

Raymond DeCarlo, B.S. BUS ’86, is a ManagingDirector at Frank Crystal & Co., Inc in NYC.

Sharon L. Klein, B.S. ACC ’86, is a Tax Managerfor Barco, Inc. in Kennesaw, GA.

Michael F. Poppo, B.S. BUS ’86, is a ManagingDirector of Advisory & Brokerage Services at UBS Financial Services Inc. in NYC.

David Pratt, B.S. ACC ’86, is a Partner inProskauer Rose’s Personal Planning Department, and aManaging Partner of the Boca Raton Office in Boca Raton,FL. He is married to Dale Jaffe, B.S. ACC ’88.

Neil J. Flanagan, B.S. BUS ’87, is a ManagingDirector of Municipal Securities Group at Jeffries &Company Inc. in NYC.

Scott D. Sinclair, B.S. BUS ’87, is the Founderand CEO of The Box Butler, LLC in NYC.

Heidi Cohen Bakhash, B.S. ACC ’88, isemployed by American Pearl in NYC.

Donna Capodacqua, B.A. Women’s Studiesand Psychology ’86, MBA, ’91, received her PhD in Business Administration from TUI University and is married to Frank Bubenik.

Frank Bubenik, MBA ’91, co-founded CompassComputing Group, Inc. in Portland, OR and is married to Donna Capodacqua.

Bruce H. Geller, B.S. BUS ’91, is CEO of Dalton,Greiner, Hartman, Maher & Co. LLC in NYC.

Robert Hansen ’77BS AccountingPrincipal Deloitte & Touche, LLP

Stacy J. Kanter ’79BS Business Admin.PartnerSkadden, Arps, Slate, Meagher & Flom, LLP

Richelle Konian ’95BS Business Admin.Co-OwnerCareers On The Move

Roanne M. Kulakoff ’81BS Business Admin.PartnerKekst and Company

Evan J. Maltese ’90BS AccountingPartnerErnst & Young, LLP

Alan Mantel ’85BS AccountingPartnerSnow Phipps Group, LLC

Robert Matza ’77BS AccountingPresidentGoldenTree AssetManagement, LP

Thomas Metzold ’87MBA FinanceVP/Portfolio ManagerEaton Vance Management

Joan Rosenthal ’76BS Accounting

Steven Samuels ’85BS Business Admin.Director, Advisory DivisionMerrill Lynch

Frank T. Thoelen ’71BS AccountingVice PresidentTower Group Companies

Harlan Wakoff ’88BS AccountingManaging DirectorDeutsche Bank Securities, Inc.

Michael Weiss ’88BS Business Admin.Opus Point Healthcare Value Fund, LP

Kimberly Welsh ’89MBA FinanceManaging DirectorJanney Montomery Scott

Jan T. Woodcock ’86, ’91BS Economics, MBAPartnerWipro ConsultingTelecom and Media

Steven Zelin ’84BS AccountingSenior Managing DirectorThe Blackstone Group, LP

17 fall 2009

Peter A. LaMassa, B.A. ECO’91, is Vice President of AlternativeInvestments at J.P. Morgan in NYC.

Mike Tlockowski, B.S. BUS’91, is Manager of Planning andInventory Management at House of Pearl in NYC.

Paul Landman, B.S. MATH’92, MBA ’94, is Executive Directorat Morgan Stanley in NYC.

Stephen J. Toy, B.S. BUS ’94, is Managing Director at WL Ross & Co.LLC in NYC.

Robin Tylim, B.S. ACC ’94, is the Vice President of InformationTechnology Finance for The Bank of New York Mellon in NYC

Robert Bernshteyn, B.S. BUS’95, is CEO of Coupa Software in SanMateo, CA.

Richelle Konian, B.S. BUS ’95,is the CEO of Careers on the Move in NYC.

Sterling Auty, MBA ’96, is theExecutive Director in Equity Research forJ.P. Morgan in NYC.

Kristin Bree De Stefano, B.S.BUS ’96, is a New York Sales represen-tative at Information Builders, Inc. in NYC.

Beth Kaplan, B.S. BUS ’96, isVice President, Senior Manager-FundManagement-International OversightGlobal Funds Administration at LeggMason in NYC.

Kevin Katz, B.S. ACC ’96, isManaging Director at Duff & Phelps, LLC in NYC.

Robert P. Vargas, B.S. ACC’96, is a Licensed Salesperson at LaffeyAssociates in Williston Park, NY.

John F. Myklusch, CPA, B.S.ACC ’97, is Chief Financial Officer atTrilogy Global Advisors, LLC in NYC.

Blake F. (Scott) Bissonnette,B.S. ACC ’99, is employed by HuronConsulting Group in NYC.

Andrew Fessak, MBA ’99, is aPatent Agent & Technical Advisor atWhite & Case LLP in NYC.

Timothy M. Kelly, B.S. BUS’99, is a Director for JanneyMontgomery Scott LLC in Albany, NY.

Michael J. O’Leary Jr., B.S.ACC ’99, is Vice President, CapitalMarkets & Strategic Planning at RXRRealty LLC in Uniondale, NY.

Kenneth M. Gross, B.S. BUS’00, is employed by FTI Consulting in NYC.

Jonathan Macy, B.A. SPN ’00, isan Investment Associate at UBS in NYC.

Eric Sandurs, B.S. BUS ’00, is employed by MetLife in Long IslandCity, NY.

Joseph I. Chu, B.S. BUS ’01, isVice President, Wealth ManagementAdvisor at Merrill Lynch in Greenwich, CT.

Steven Miller, B.S. BUS ’01, B.A.English ’01, is Account Manager atBrides.com in NYC.

Faith A. Altschuler, CPA, B.S.ACC ’02, is employed by CitrinCooperman & Company, LLP in NYC.

Michael Phillips, CPA, MS Tax’02, is employed as a CPA/auditor withthe City of Raleigh, North Carolina sinceMarch 2009.

Marc B. Sonnenberg, CPA, B.S.ACC ’02, is employed by CitrinCooperman & Company, LLP in NYC.

Robert F. Blair, B.S. BUS ’03, isPresident and CEO at RF Blair Companyin Melville, NY.

James Schories, B.S. BUS ’04,B.A. Psychology ’04, is anInvestment Associate at UBS FinancialServices, Inc. in NYC.

Soo-Jin Park, MBA ’05, M.S.ACC ’07, is a Consultant at DeloitteTax LLP in NYC.

Michael B. Shea, B.S. BUS ’05,is employed by Huron Consulting Groupin NYC.

Rory Begley, B.S. BUS ’06, is aFinancial Analyst at WW Marketing &Corp Communications in Islandia, NY.

Cory Gimbel, B.S. BUS ’06, is Account Manager at Prime Visibility in Long Island, NY.

Jeffrey W. Jones Jr., B.A. ECO ’06, is a Financial ServicesRepresentative at MetLife in NYC.

Andrew Eric Schulman, B.S.ACC ’06, B.A. Judaic Studies’06, M.S. ACC ’07, is employed byPricewaterhouseCoopers LLP in NYC.

Kiersten Garlipp, B.S. BUS ’07, is employed by Huron ConsultingGroup in NYC.

Amanda Garris, B.S. BUS ’07, is employed by Morgan Stanley in NYC.

Alexander DeFrancesco, MBA,HRIS ’08, is a consultant for DeloitteConsulting in Albany, NY.

Carly Kirsner, B.S. BUS ’08, is a Financial Services Representative at MetLife in NYC.

Jennifer LaBarr, MBA ’08, is aHR Manager at GE Energy inSchenectady, NY.

Anthony P. Saia, MBA ’08, isemployed by KPMG in NYC.

CONNECTIONS

Richard Schecter, BS ACC, ’69, has recently

been appointed as an advisoryboard member at PIED-

MONT fund services. Mr.Schecter is a retired partner

from Ernst & Young andbrings over 39 years of public

accounting experience toPIEDMONT. During his

tenure at E&Y, he spent 27years serving as a coordinat-ing partner for financial serv-ices and investment manage-ment clients. He was the firstrecipient of the accounting

department alumni award andhas been a long time member

of the school of businessDean’s Advisory Board.

Undergraduate school of business students celebrate their graduation.

University at AlbanySchool of Business Dean’s OfficeBusiness Administration 364Albany, New York 12222

Non Profit Org.U.S. Postage

PAIDAlbany, NY

Permit No. 205

Alumni gather at Sardis Restaurant for the Annual School of Business Metro NY Alumni Event.