Escolar Documentos
Profissional Documentos
Cultura Documentos
BUSINESS
FALL 2014
INSIDE
COLLEGE NEWS
3
Impact Investing
Celebrating 60 Years
FACULTY NEWS
8
IN THE CLASSROOM
17 YALI!
20 8 a.m. with the Coffee Man
MENDOZA PROFILES
22 Gerek Meinhardt: On and Off the Fence
26 Takashi Yagani: A Poignant Journey
FEATURES
28 The Changing Landscape of Higher Education
31 Salt & Light
CLASS NOTES
41 Alumni News
TAKING STOCK
46 Back to School
48 Everyday Grace: On Stories
DEAN
Roger D. Huang
MANAGING EDITOR
Carol Elliott
ASSOCIATE EDITOR
Peggy Bolstetter
WRITER
Christine Cox
DESIGN
Gwen Frederickson
GRADUATE ALUMNI RELATIONS
Just Gwen Designs
gradalum@nd.edu
mendoza.nd.edu/information-for/alumni
2014 University of Notre Dame, Mendoza College of Business
All rights reserved.
The Mendoza community making a difference | 31
COLLEGE NEWS
COLLEGE NEWS
ONBOARDINGS
Gianna Bern became the
RANKINGS UPDATE
Notre Dame Executive MBA jumped 11 spots to rank No. 15 in the Poets & Quants ranking
of global EMBA programs released in May. Poets & Quants, a resource website for individuals
interested in graduate business school education, ranked 48 programs using a composite
score based on the four latest ratings on EMBA programs from Bloomberg Businessweek, The Economist, The Financial Times and U.S. News & World Report. A school must
be ranked on at least two of the four lists to be included. Bloomberg Businessweek and
The Economist both ranked ND EMBA as 15th in their most recent respective surveys.
Accounting #4
The undergraduate and graduate accountancy programs both ranked No. 4 in the nation
in the most recent Public Accounting Report Annual Professors Survey, published in August.
The PAR ranking is based entirely on the peer assessment of hundreds of accountancy
faculty from nearly 200 U.S. institutions.
Alumni Network #3
GraduatePrograms.com 20 Best
Business Schools for Networking survey
CELEBRATING 60 YEARS
The Master of Nonprofit Administration has
used the tagline Servant Heart. Business
Mind. in recent years to describe the programs signature mission to provide nonprofit
leaders with a solid business education to
create a greater social impact.
During the programs 60th anniversary
celebration, held Sept. 26 in Purcell Pavilions
Club Naimoli, it clearly was the heart on display. More than 200 MNA alums, faculty and
program leaders were on hand to celebrate the
programs legacy. Moyer Foundation founder
Karen Moyer and UN Foundations NothingButNets spokeswoman and former Irish womens
basketball standout Ruth Riley served as keynote speakers, both
recounting deeply personal and faith-centered stories about
their respective charitable foundations and endeavors.
Each guest was given a copy of Alumni Reflections, a collection
of MNA alumni letters created especially for the anniversary event,
as well as the book 27 Seconds by MNA alum Jack W. Rolfe. The
title refers to the amount of time it took Rolfe to walk across the
stage to receive his diploma when he graduated in 2013.
Father Theodore Hesburgh, C.S.C., created the program originally for the vowed religious of the Catholic Church. First called
the Master of Business Administration, it went through several
name changes and broadened its scope as lay people increasingly
began managing nonprofits sponsored by religious congregations.
About 1,800 people have earned the degree to date.
COLLEGE NEWS
TAP STAFFER
RECOGNIZED WITH
VALUES AWARD
Thomas Bullock, a Mendoza
College staff accountant who
works with the Tax Assistance
Program (TAP), received the
Notre Dame Presidential
Values Award during the 2014 Service
Recognition Dinner in May. The Presidential Values Award is given to employees
whose performance reflects the
Universitys core values of integrity,
accountability, teamwork, leadership in
mission and leadership in excellence.
TAP was launched in 1972 by
Accountancy Professor Ken Milani to
provide tax preparation assistance to
low-income people in the local community.
The program has grown exponentially
over the years, preparing more than
4,000 tax returns for 2013. Bullock
works especially with international
studentsa complex task requiring
knowledge of the peculiarities of tax
law for aliens who are obliged to file
U.S. tax returns.
In bestowing the award, the University
lauded Bullock for serving as an excellent
role model to the student volunteers, and
for providing essential logistics support
to the program, which operates nine help
centers and organizes SWAT teams to
visit homebound or hospitalized residents.
ITS A
RESPONSIBILITY
The primary
function
of commerce
is service
to mankind.
Rev. John OHara, C.S.C.
The OHara Society impacts every aspect
of the graduate business experience at
Notre Dame. Last year, $700,000 in gifts
from more than 500 members provided:
fellowships to attract outstanding
students who will enhance the
Notre Dame alumni network
enhancements to curricula
and technology to deliver an
unparalleled learning experience
resources for recruitment of
faculty who are leaders in their
respective fields
FACULTY NEWS
New Faculty Profile: Meet Charlice Hurst
From her own research on interpersonal dynamics in the workplace,
Charlice Hurst, assistant professor of management, knows about
the cringeworthy norm violations that new employees often commit: engaging in inappropriate humor, unintentionally questioning a
co-workers competence, asking too many questions, asking too few
questions, coming across as critical, coming across as inexperienced.
The pitfalls are endless.
Hurst joined Mendoza on July 1 from Ivey Business School at
Western University in London, Ontario, Canada. In this Q&A, she
explains some of the implications of workplace relationships.
A:
A:
ONBOARDINGS
James L. Fuehrmeyer Jr. is the new director of
the Master of Science in Accountancy program. He
replaces accounting professor Michael Morris, who returned to teaching and research as a faculty member.
Fuehrmeyer joined Mendoza in 2007. He teaches
undergraduate financial accounting and auditing
courses, as well as an advanced financial reporting
course in the MSA program. Prior to joining Notre
Dame, Fuehrmeyer spent 27 years with Deloitte &
Touche, including 18 years as a partner. Before his retirement
from Deloitte, he was the partner responsible for audit quality
assurance in the Chicago and Eastern Iowa practices.
His prior experience includes five years with the U.S. Army
infantry where he attained the rank of captain. Fuehrmeyer
earned a bachelor of science in National Security and Public
Affairs from the U.S. Military Academy at West Point, NY, and an
MBA from the University of Chicago.
FACULTY NEWS
PERSONALITY RESEARCH CHOSEN
AS MOST SIGNIFICANT
Timothy A. Judge, the Franklin D. Schurz Professor of Management, recently received the 2014 Scholarly Achievement Award, given by the Human Resource
Division of the Academy of Management for the most
significant article in human resource management
published during 2013.
Judge and co-authors were honored for their paper,
Hierarchical Representations of the Five-Factor
Model of Personality in Predicting Job Performance:
Integrating Three Organizing Frameworks with Two Theoretical
Perspectives, published in the Journal of Applied Psychology.
The winning research paper is selected by a committee of
leading scholars in human resources. Criteria for the Scholarly
Achievement Award includes the significance and importance
of the problem to human resources; the extent to which the
findings advance research or theory; and the likelihood that the
paper will be widely cited in future published works.
The research, said Judge, shows that while our personalities
are often described in broad terms (someone is introverted or
extroverted), the more specific nuances are often more meaningful. Most of us show some features of being extraverted at the
same timefor example, the same person might be talkative
and ambitious, but also cool and aloof. We found that these more
specific nuances better predicted behavior at work, including job
performance, than the broad-brush traits.
10
MENDOZA
FACULTY
IN THE
NEWS
Kaitlin Wowak,
Richard Sheehan,
finance professor, on the legal chal-
2014).
11
FACULTY NEWS
Beautiful Results
After a rewarding teaching career,
John Halloran moves from
cultivating students to cultivating
his garden
12
By Christine Cox
It was Friday on a football weekend in 1976 and John Halloran, a newly hired assistant professor of finance, was
headed to the library. Im just walking along and these four
older gentlemen stop me, and they want to talk to me about
[Irish football coach] Frank Leahy, he recalls, laughing. They
want me to tell them inside stories. You know, Frank Leahy
was here in the 40s and 50s! And this was the 70s, and Im
brand new to Notre Dame. So I say, Guys, Frank was a little
before my time. Im really sorry.
Halloran, who retired as an associate professor on Dec.
31 after 37 years, offers up this anecdote to illustrate what
it means to join the Notre Dame community. I learned early
on that Notre Dame takes over your life, its not just a place
where you work, he says. All of a sudden it becomes, in a
sense, your identity. As soon as people hear youre from Notre
Dame, they want to give you their opinion or they want stories
about Notre Dame. And Ive learned to accept this and enjoy it
for the most part.
Good thing. Because, as those four football fans might
have sensed, Halloran is extremely approachable. In his 37
years, he has built a reputation for being the kind of person
who will stop and chat in the hallway and never seems rushed.
His patience and investment in others have served him
and his students well, especially as Halloran became the
person who introduced the complicated world of finance to
masters students by teaching the introductory finance class
to all but the colleges three new graduate programs. With
very few exceptions, he has taught every graduate student in
the past decade, says Bill Nichols, associate dean for faculty
and research at Mendoza.
His classes lay the groundwork for all the elective
courses and future finance courses, Nichols says. Therefore,
its very important they understand the fundamentals, and
that he transfers the excitement of wanting to take upper
level courses. And hes done a good job. Its a difficult job
because some of the students have degrees in education or
nursing or other areas outside business. He brings them a
level of comfort so they can succeed.
Though records arent kept on the hours faculty spend
teaching certain courses, Nichols believes Halloran may have
logged more hours teaching executive education than any other
Mendoza professor, in both degree and non-degree programs.
His excellence in this area also reflects a delicate balance.
You have to gain the respect of the audience by showing
you are current in understanding the trends and challenges
in a business environment, Nichols says. You have to show
youre anchored to whats going on in business. John can take
the theory of finance and bring it into a classroom or non-degreed experience in a way that it can be applied and add value
to a businesspersons career.
But execs from IBM or Office Max or Lockheed Martin,
companies for which Halloran was charged to form relationships, also benefited from his kind patience. Some folks
come in saying, Oh, man, I just dont know if Im up for this
13
FACULTY NEWS
A Matter of Trust
New research by Finance Professors Robert Battalio and Shane Corwin
exposes potential conflicts of interest in the way brokers execute customers orders
By Michael Hardy
On June 17, Finance Professor Robert Battalio took a seat
before a microphone in a stately, marble-paneled Senate hearing
room across from Sens. Carl Levin and John McCain, the ranking
members of the Homeland Security and Governmental Committees Permanent Subcommittee on Investigations.
The subcommittee had called Battalio to testify at a hearing
on potential conflicts of interest between low-cost stock brokerages and the ordinary investors who use them. Using proprietary
market data, Battalio and his two co-authorsShane Corwin, finance professor at the Mendoza College of Business, and Robert
Jennings of Indiana Universityhad recently circulated a widely
read research paper arguing that there is indeed such a conflict,
and suggesting ways to resolve it.
The idea for the research project came in 2010, when the
authors read a news article that quoted Christopher Nagy, then
the head of order routing at the low-cost broker TD Ameritrade,
explaining how the company executed its customers orders. According to Nagy, Ameritrade routed its market ordersorders to
buy or sell a stock at the best prevailing priceto market makers
who were willing to pay Ameritrade for the honor of executing
the orders.
However, the broker routed limit ordersorders to buy or
sell a stock only at a predetermined priceto the exchange
that offered the largest rebates for limit orders. There are now
about a dozen public exchanges, including the New York Stock
Exchange and Nasdaq, but also lesser-known ones with names
like BATS and DirectEdge. These exchanges all compete for the
brokerages business, using these rebates as a major incentive.
In other words, Ameritrade was executing its customers
trades on the venue that paid it the most money. That was clearly
good for Ameritrade, which was pocketing millions of dollars
worth of liquidity rebates each year. The question was whether it
was good for Ameritrades customers.
We werent aware that anyone was
really doing this, so when we came across
[Nagys quote], we found it very interesting, Corwin said. The hard part about this,
as with so many of the topics we work on
in market microstructure, is having the appropriate data to analyze the questions.
For the next two years, the researchers went from brokerage to brokerage asking to view their order routing data. No one
was willing to hand it over. Finally, a major investment bank that
also served as a broker-dealer stepped forward, offering to give
them information about all the orders it executed in October and
November of 2012more than 28 million ordersas long as the
researchers promised not to name the bank publicly.
Why would the bank do such a thing? Corwin speculates that
the bank was questioning how its orders were being routed to
the various trading venues and the impact of those routing decisions. It was likely hoping that the scholars could use the data to
figure it out. They were nice enough to give us the data, so we
were happy to analyze it, he said.
When the researchers began sifting through public disclosures from other brokers, they quickly discovered that
Ameritrade wasnt the only discount broker routing its trades
to the highest bidderE-Trade, Fidelity and Scottrade were all
doing the same thing. More importantly, from the order data
they learned that there was an inverse relationship between
the exchanges rebates and the execution quality provided to
orders; the exchanges that paid the most to brokers also offered
the lowest likelihood of limit order execution (or fill rate) to the
brokers customers. In other words, there was a conflict of interest between the stockbrokers and the customers whose interest
they were supposed to be looking out for.
To understand why high-rebate exchanges may be bad for investors, you have to understand that every stock exchange both
pays rebates to brokers and charges fees, depending on the type
of trade. The authors discovered that during those two months in
2012, Nasdaq BX, to take one example, was paying brokerages
up to 14 cents (per hundred shares) for executing market orders,
while charging up to 18 cents to execute limit orders. EDGX was
doing just the opposite, paying brokerages up to 32 cents to
14
FACULTY NEWS
I sell my shares, the stock ticks up to $51 and your order goes
unexecuted.
True, the brokerage only gets paid for executed trades, but
the firm is betting on the fact that if you cant get the shares you
routing in 2013.
But for the average investor, isnt 30 cents a small price to
pay for the $9.99 trading fees that Ameritrade and other lowcost brokers offer? In response to this, Professor Battalio says,
15
15
FACULTY NEWS
The point is, whats small? Its a matter
of trustyoure supposed to be able to
trust your broker, and if theyre going to
do things to their advantage when they
know youre not looking, is that OK?
The point is, whats small? Its a matter of trustyoure supposed
to be able to trust your broker, and if theyre going to do things to
their advantage when they know youre not looking, is that OK?
Despite the conflict of interest he and his colleagues have
identified, Battalio doesnt believe the market is rigged, as Michael
Lewis argued in his recent bestselling book Flash Boys. The
problem can be solved by requiring brokerages to pass along their
rebates to their customers, which would make sure everyones
interests are aligned, or by simply requiring brokerages to make
their order-routing data public. If investors knew more about how
different brokers route trades, they could make a more informed
decision about which broker to choose.
Toward the end of his Senate testimony, Battalio was asked by
Senator McCain whether this conflict of interest between brokers
and investors was really a serious issue.
We think it is, Battalio said, lowering his head to speak directly
into the microphone. But we also think its an easy one to fix.
16
Photo provided
-Robert Battalio
On June 17, Finance Professor Robert Battalio testified before the U.S. Senate Permanent Subcommittee on
Investigations of the Committee on Homeland Security and
Governmental Affairs on Conflicts of Interest in the U.S.
Equity Markets.
Battalios testimony addressed three areas of interest:
(1) The conflicts of interest faced by retail brokers in
determining how to route customer orders, as identified in his
paper (co-authored with Shane Corwin and Robert Jennings)
titled, Can Brokers have it All? On the Relation between
Make-Take Fees and Limit Order Execution Quality
(2) Other market conditions that may create conflicts
of interest affecting brokers deciding where to route
institutional and retail customer orders; and
(3) Any recommendations for policies that could reduce
or eliminate those conflicts of interest and enhance public
confidence in U.S. equity markets
Read or watch Battalios full testimony on the Senate
subcommittee website at http://www.hsgac.senate.gov/
or by clicking this link: http://1.usa.gov/1kLaD5p
IN THE CLASSROOM
17
17
IN THE CLASSROOM
18
Thats the reason why most of your medium- to low-income earning people cannot access the Internet and participate fully in their communities or the world. Saisai will make
this technology accessible to everyone and revolutionize and liberate Zimbabwe.
His time at Mendoza and connections hes made have inspired other ideas, and he
has immediate plans to partner with ND students to create intercontinental startups.
And he wants to return someday for a masters. The Mendoza professors taught me
how to create a more sustainable business, he says. Ive gotten a better understanding
of how the funding ecosystem for startups actually works. I now understand the role of
the venture capitalist function and other important concepts. Its information I would not
have been able to learn if I had not come here. I find the environment and atmosphere
here to be very conducive and the material and professors to be very insightful.
Like Chingozo, Candice Potgieter of South Africa also discovered unexpected
connections through YALI. She was especially surprised at a field trip to Amish country
in Shipshewana, Ind., where the fellows wandered through quilt shops and open food
markets, getting a glimpse of their simple lifestyle.
Its nice to be immersed in this culture, she said. Places like this really help you see
similarities from country to countrythat were all humans and that theres a shared
humanity among us.
These observations certainly reflect Potgieters mission as CEO of the KZN Science
Centre in KwaZulu-Natal, South Africato respect, not diminish, the lives of children
who mostly live in rural areas by enriching their lives through science.
Science should not only be for those who can afford it, it needs to be for everyone,
she says. Providing access to a science lab is a way of saying, You can be who you want
to be.
Potgieter, a 30-year-old astrophysicist, is wholly invested in this idea. She took the
top post at the museum in 2012 while it was undergoing a name change, a funding
crisis and a major reorganization. Not only did she stabilize the museum, which serves
180,000 visitors each year, but she also implemented new initiatives: mobile laboratories that bring science to rural areas; a program that introduces science to children ages
2-5; and a program that provides science equipment at low cost to schools, many of
which have no equipment of any kind.
After six weeks at Mendoza, she couldnt wait to get back home to implement the
ideas she learned.
[YALI] allows you to take a step back and look at improving your organization, she
says. For our science center, we need to look at our funding models to see how to
improve them. Thats how nonprofit organizations can end up being sustainable, and how
we can introduce our model to other African countries. The professors at Mendoza have
given me great ideas to explore when I return home. They were really interested in my
organization and improving it.
Beyond strategies for her own organization, YALI helped Potgieter form connections
with colleagues from other African countries that have illuminated possibilities on a
continental scale.
These relationships and networks are incredible, she says. Specifically, I plan to go
forward with our science center model to introduce to other countries. But in general, we
share a vision to improve lives in Africa, and the YALI program will help us move forward.
19
IN THE CLASSROOM
20
ND MBA student Jordan Karcher (15) was looking to start an online coffee business when he first heard about Stevens last fall.
Though he hadnt taken classes from the Coffee Man, Karchers
friends urged him to get in touch with Stevens for advice.
He told me, I love your idea. You should definitely do it,
Karcher says. He gave me contacts in the coffee industry, too,
21
that have been invaluable. The fact that he came forward with his
expertise and helped me push my business forward meant everything. Professor Stevens was the last catalyst we needed to get
this company off the ground. Grounds & Hounds, which donates
20 percent of sales to no-kill animal shelters, launched in March
and is seeing greater success than expected (see back cover).
Malik Zaire, a sophomore quarterback on the Irish football
team, also never took a class from Stevens, but met with him last
fall to discuss his dream to launch a nonprofit to help disadvantaged
middle school students explore career pathways. I explained my
idea to him and he helped me clean it up and understand what
I need to do in my next steps, he says. He even put the foundation
proposal on his final exams for students to brainstorm. I came to
him with this urgent passion for this foundation to help kids and
he was on board from day one.
Zaire was not expecting the level of support he got from
Stevens. He knows what its like to take risks, to be in a secure
place and step out of that comfort zone. He knows how to gauge
an idea and how to take that next step. And hes not afraid to
fail, Zaire says.
During Mendozas undergraduate commencement ceremony
in May, student after student stepped out of line to throw
Stevens a quick hug before heading across the platform to
receive their diploma. I love my kids. For them to want to hug the
old man is something that really warms me, he says.
Stevens received the Universitys Frank OMalley Award
and Mendozas 2014 Blessed Basil Anthony Moreau, C.S.C.,
Outstanding Undergraduate Teaching Award. The mission of
Mendoza is to Ask More of Business, and its something I take to
heart, he says. I want it to be part of my students DNA.
Though Stevens has guest lectured at several institutions,
hes clear that Notre Dame is the only place hed teach.
Half the worlds population goes to bed hungry every night,
and 50 percent of the U.S. population will live in poverty by age
65. So business has got to do more, share more, drive more.
My goal is to help students not only learn to solve business
problems, but also to help prepare them for life and to help
others. Thats the Notre Dame way, and thats why this is the
only place Id ever want to teach.
Mendoza Business Fall 2014
21
MENDOZA PROFILE
ON AND
OFF
THE
FENCE
He seems as laid-back as a California surfer, but
MBA student Gerek Meinhardt is really a fierce
fencing champ. How discipline has taken him to
the Olympics and an NCAA championshipand
back from crippling injury.
22
easygoing
enough.
He
liked
through.
23
23
MENDOZA PROFILE
GETTING
A HUMBLING
Fencers run at each other hard down an aluminum strip with frightening weapons in hand. Each
match has the classic look of swordplay. This is a sport that was developed in the 15th century, after
all, as training for duels. Today, fencers score with touches, not stabs, but the effect is still daunting.
Modern fencing has three eventsfoil, saber and peand they differ slightly in weapon weight
and shape. Across each event, the movements are small and efficient. But the way fencers lunge forward, with their back foot pointing to the side, is repetitive. Thats why fencers are prone to overuse
injuries in their legs and arms.
Meinhardt had used his legs and arms plenty. He had been fencing since age 9. Back home in
San Francisco, three-time Olympian Greg Massialas had started a kids fencing program. Meinhardts
parents signed him up. By the time he was a teen, he wanted to go to the Olympics. At 18, he did.
At age 16, Meinhardt became the youngest mens national foil champion when he won the 2007
U.S. Fencing National Championships. He was the youngest U.S. Olympic fencer of all time and the
youngest fencer overall in Bejing.
After taking the gold at the 2012 U.S. National Championships, he was selected as an
alternate fencer for the 2012 London Olympics.
Outside the sport, Meinhardt still liked playing basketball for variety. Since this risked injuries,
that terrified his coaches. When he sees a hoop, his eyes start twinkling, and it scares me to death,
Kvaratskhelia says.
Meinhardt would also often do cardio exercise to get his heart rate up. His junior year, he was
working out one day. Stumbling, he tore his meniscus.
The star fencer had to use a motorized scooter, then crutches, around campus for weeks. OBrien
remembers what his roommate went through. Meinhardt had to watch their dorm room be rearranged
for clearer pathways. He also had to strap a loud blood recirculation machine on his knee daily.
Since this was the dead of winter at Notre Dame, Meinhardt even had to be freed once when his
scooter got stuck on ice. We as friends all had to pitch in to help him out, OBrien says. When a big
lake effect snowstorm would come in and the sidewalks wouldnt be adequately shoveled, it was very
treacherous.
Meinhardt by nature is a humble guybut this helplessness was humbling in the worst sense of
the word. Yet as his coaches hoped, he fought through the pain and physical therapy to make the 2012
Olympic team. I felt like Gereks destiny was not to get injured and stop his career, Kvaratskhelia says.
I felt his destiny was to be the greatest. Back onto the fencing strip he went.
SCORING
A TRIUMPH
Meinhardt took a year off for his injury and a year off to train for the Olympics. So six years after he
entered Notre Dame, he could still compete in collegiate fencing as an MBA student. In early 2014,
he found himself ranked #1 in the world in mens foil fencingthe first U.S. mens foil fencer to
achieve the top ranking. So the pressure was on to win an NCAA championship.
His girlfriend, Lee Kiefer, is also a Notre Dame fencer. She, too, found herself contending for an
NCAA national championship. Both competed in Columbus, Ohio, at the end of March. Kiefer won her
final match, narrowly beating her teammate and close friend Madison Zeiss to win her
second straight championship.
24
The pressure ratcheted up for Meinhardt. Intensifying it even more, his competitors included defending NCAA champ Alex Massialas of Stanford and 2013 runner-up David Willette of Penn State.
They knew each others weaknesses expertly. All three had long been coached by Greg Massialas,
Alexs dad, at the same gym back in San Francisco.
In fencing, points are scored by touching opponents with the weapon. Electronic sensors in their
clothing beep for touches too fast and light to be seen. Battling Willette in the final match, Meinhardt
got down by several touches. He channeled his discipline. That kept me calm and determined to keep
coming back touch by touch, he says.
The triumph ended with a bus ride from Columbus back to South Bend. Meinhardt was glad to
have won, but swiftly got back to business. It was a great feeling to finish off my NCAA careera
long career, since I came in 2008, he says. I think I celebrated by not doing that much homework
that night.
More than a month later, Meinhardt and Kiefer still hadnt done anything special to commemorate
their twin wins. As a pre-med student, Kiefer works hard, toothey often study together, and often
travel to tournaments around the globe. I dont think we know how to celebrate very well, Kiefer
says. Were always on the move.
ANGLING
FOR MORE
His collegiate competition days are over, but Meinhardt still has a year left for his MBA. Hell
volunteer as a Notre Dame fencing coach next year while training for the 2016 Rio Olympics.
To this day, the only time he brings up being a fencer without being Googled or asked about
the sport is with potential employers. Deloitte has already signed him to a post-graduation business
analytics position, with a part-time schedule to allow for training back in San Francisco.
Even with a job locked down, Meinhardt still feels driven to get high grades. The night after his
national championship win, he slept only four hours. It was a combination of preparation and nervousness for a speech in his Management Speaking class the next day. The presentations take a lot of
effort for me, he says.
His professor, James S. ORourke IV, director of the Fanning Center for Business Communication,
says hed never know it, since Meinhardt seems self-assured. Hes very low key, quiet, smiles a lot,
and has a command of the room, ORourke says. Ive heard him say that hes nervous, but theres no
evidence of that.
Yet what really strikes the professor is the way Meinhardt follows up outside class to make sure
hes on target. Only a fraction of my students will do that, ORourke says. This fellow is humble
enough to say, Do I have it right?
Meinhardt may always be less comfortable speaking in a suit than running down a fencing strip in
full mask, weapon in hand. Will he make it to his third Olympics? His coaches know hes injury-prone,
but theyve seen him steel himself to come back before.
Gerek can go as far as he wants to go, Kvaratskhelia says. Hes said his goal is Rio. If hes
healthy, he will be there.
25
25
MENDOZA PROFILE
A POIGNANT JOURNEY
Takashi Yanagi lost his mother, his house and his security while still in high school. From this
unimaginable tragedy, he forged a determination to continue his dream to attend Notre Dame.
By Alison Damast
At first glance, Takashi Yanagi didnt seem all that different from
all the other high school students at Valley High School in West
Des Moines, Iowa. A model student, he attended classes, took
piano lessons and volunteered at the local hospital.
Unbeknownst to his fellow students and teachers, his home
life was in shambles. His mother, Emi Yanagi, who was raising her
son alone, had been diagnosed with late-stage ovarian cancer
midway through his junior year of high school. As her condition
worsened, he became her sole caretaker, assuming all the household responsibilities she had previously handled, from shopping
for groceries to paying the bills. It was several months before his
26
TWO TOGETHER
Yanagi had no choice but to sell the familys house and car to
meet living expenses, medical bills and save money for college. A
family from his church took him in, and he lived with them during
the rest of his senior year of high school. In the midst of all this,
Yanagi was preparing his college applications and trying to make
plans for his future. He talked to his mother about college plans,
but shielded her from getting too involved.
I didnt want to bother her with small stuff when she was
dealing with such big life issues, he said. I took it upon myself to
complete it successfully because I had to.
His mother passed away the fall of his senior year of high
school, after a long and drawn out fight with cancer. One of the
few bright spots that year was when he received his acceptance
letter from the University of Notre Dame.
It felt like all my hard work had paid off when I got the acceptance letter, he said. I could actually see myself going there, and
A NEW FAMILY
27
FEATURES
THE CHANGING LANDSCAPE
OF HIGHER ED
Will disruptive innovation spell the end of business
schools as we know them?
By Carol Elliott
A few short years ago, universities were buying up virtual campuses with real money in Second Life (SL), a three-dimensional
online platform that some educators believed promised a brave
new world in higher education.
Borrowing heavily from gaming culture, SL proponents envisioned students teleporting around campus islands, selecting
from a virtual automat of classes, even socializing with fellow
avatars on the campus quad. If you wanted to recreate your vir-
28
Its bad if youre running a local or regional MBA or executive education program, said Byrne, commenting on b-schools
specifically. Really bad, and scary.
Students who might have settled for a local program for
logistics sake can now seek out superior coursework online, essentially stitching together a better quality and maybe cheaper
education. Small private collegeswho already are having
problems making their business models work as student debt
and loan defaults climb, and their graduates career ROIs are
uncertain or downright awfulare expected to face bankruptcy
in record numbers.
Clayton Christensen of Harvard Business School predicted
that fate for more than 50 percent of U.S. universities in the
next 15 years; Richard Lyons, dean of University of California
at Berkeleys Haas School of Business likewise posited that
technology could close half of the U.S. b-schools in as little as
five years.
29
FEATURES
with bricks-and-mortar locations, online platforms allow schools
to deliver programs in a vast geographic area to a burgeoning
global audience.
Notre Dame has gone through a few iterations with its digital
offerings. Two for-credit undergraduate courses were available
through SemesterOnline until about a year ago. The University
also has maintained an iTunesU channel for at least eight years,
where the various colleges and centers can post full-length
lectures, podcasts and other material.
In June, Notre Dame announced an agreement with edX, a
$60 million MIT-Harvard platform that offers MOOCs for free.
Visconsi said edX shares NDs commitment to open education in the service of the global public good. His office recently
announced four initial MOOCs with launch set for spring 2015.
(See online.nd.edu.)
Whatever we do in an online or hybrid online degree program, theres going to be an on-campus, in South Bend, component, Visconsi said. And a serious one, so that those students
feel like theyre members of the community, not that theyre
getting a paper credential.
Home base
As the associate dean for Graduate Business Programs, a significant part of Jeff Bergstrands role is to consider the disruptive
forces shaping the future of higher educationb-schools, in
particularand evaluate what they might mean for Mendoza.
His starting point is always home base: Notre Dame. This is
an institution thats steeped in tradition, and those traditions are
partly based upon faith, partly upon community, which includes
our physical campus, he said. Our faith, our community and our
broader network are the pillars that well always look at when
defining where we are in education.
The question becomes how Mendoza embraces digital learning and other emerging trends in ways that are consistent with
the three pillars, said Bergstrand.
A recent response to a growing demographic trend has been
Mendozas launch of three one-year specialty degree programs:
the Master of Science in Management, which graduated its first
class in May; and two Chicago-based part-time programs, the
Master of Science in Business Analytics and the Master of Science in Finance, set to start in early 2015 (see box).
Colleges are ramping up one-year graduate specialty degree
programs at a brisk rate nationwide. In part, they answer the
need for speed for students who cant exit the workforce for the
two years needed for a traditional degree. The specialty aspect
also addresses another emerging trend: Our work skills are
becoming obsolete at a rapid rate. The Economists June article
on the future of higher education cited a recent study by three
Oxford researchers predicted that 47 percent of occupations
could be automated in the next few decades. However, they also
found that the odds of displacement drop sharply as educational
attainment rises.
30
This suggests that gainful lifetime employment will increasingly mean lifetime education. For the past 50 years, most
people checked off education after college; now, shifts in the
workforce, technology and global marketplace are likely to necessitate a learn as you go mindset across a persons career.
Paul Velasco is the director of the Stayer Center for Executive Education, which includes the Notre Dame Executive MBA
degree, as well as custom and open-enrollment programs. He
noted a shift in student expectations about a decade ago, when
companies largely quit subsidizing executive degree programs
and students had to shoulder more if not all of the tuition.
Students became much more focused on knowledge and skills
that they could take back to their office on Monday morning and
apply it to their jobs, he said.
This development suggests significant opportunity for colleges and universities to provide working professionals with continuing education offeringsespecially to their alumnieither in
blended formats or online, said Velasco.
Some higher ed experts also think the demand for continuing professional development might create a risk for brick-andmortar programs, given that the executive consumer is timecrunched by definition of the position, and therefore more likely
to look online.
The Stayer Center for Executive Education has offered certificate programs online for nearly a decade through NotreDameOnline.com. Mendozas Nonprofit Professional Development
department began offering online courses about a year ago.
Velasco noted a couple of bottom-line facts that he keeps
in mind when weighing the trends and what makes sense for
Mendoza. One: In the end, you still have to be respectful of the
fact that its not only time away from work participants are considering but also people only have so much time, period, he said,
which applies to both classroom and online learning.
And two:
I still remember very vividly [Marketing Professor] John
Sherry looking at me in a curriculum committee meeting and
saying, Paul, the Notre Dame experience is special. We teach our
students to care about things differently, to think about things
differently. And he continued, Be careful that you protect that.
Johns admonition has stuck with me.
You are the salt of the earth ... You are the light of the world. A city set on
a hill cannot be hid ... so let your light shine before men, that they may see
your good works, and glorify your Father who is in heaven.
-Matthew 5:13-16
31
FEATURES
32
uiet Hero
33
FEATURES
One summer his grandchildren presented him with the charter for their newly formed Turtle Club,
with its three rules: Have fun. Be nice to everyone. Think about turtles once in awhile. It didnt take
long before Weber, called Weebs by family, friends and students alike, saw the way the sweetness of
their vision dovetailed with important principals he tries to impress upon his Notre Dame students.
This was in 2009 up at the lake house Weebs and his wife Hannelore, a member of the Notre Dame
German faculty, built 25 miles northeast of the university. Hunting for
turtles is one of the classic activities there. The couple has the run
of a 300-acre lake connected to another, smaller one. The channel between the two bodies of water is a perfect place for turtles to hang out.
For a turtle hunt, Weebs will take the boat and go floating through the
channel. I manipulate the boat, and the kids catch the turtles, he says.
If we catch a lot, we let them go. If we catch a few, we bring em back.
The kids give them names and play with them. After day or two, we take
them back to the creek and let them go to be caught another time.
Weebs may be emeritus, but hes not quite retired. He has tried
and failedto retire three times. His compromise is to teach one course
each semester. Lately hes been teaching social media, but no matter the
subject, he always tries to impress upon his students the importance of
social skills to their business life. So the following spring, when seven
students visiting Weebs saw the Turtle Club charter, it didnt seem that
much of a stretch to induct them into the club. The induction ceremony
involves the wearing of colorful turtle hats, a minute or two of turtle
talk where everybody utters a cacophony of nonsense sounds and
words at the same time, and the swearing of the Turtle Club oath.
From there, the Turtle Club has done nothing but grow.
It now numbers more than a thousand members, many of
which are Weebs current and former Notre Dame students. And the reach of the Turtle Club is extensive.
Some Notre Dame ACE graduates have inducted entire
classrooms of their students as a way to encourage
bonding. Over time, the traditions of the Turtle Club
have grown as well. There are social get-togethers
drawing 40 to 80 local members just about every
monthgolf outings, bowling, snow tubing and,
of course, tailgating. Most of the Turtle Club
social gatherings involve the sharing of stories as a way of people getting to know one
anotherand as a source of inspiration for
the requisite Turtle Club nickname. (Wouldnt you
love to know the stories behind Father Goldfish,
Pickle-Head and Unfair Disadvantage?) Weebs
always finds a way to remind members that the
promise to think about turtles once in awhile is
a call to respect and make a point of acknowledging the many support and service people
behind the scenes who help us do our jobs better
and make our lives run more smoothly. Im a big
believer in building relationships through shared
experiences. Its a lesson in social skills, he says.
Its about breaking out of your shell.
34
35
FEATURES
orn to Run
Maggie Neenan-Michel (MNA 01) laughs that she and her husband, John had a pup pre-
nup before they got married. Two dogs maxalthough she could take in one additional, just for overnight, in
an emergency situation since Neenan-Michel did greyhound rescue work. But then Breeze joined Bex and
Peyton for a one-night stayfour years ago. Her husband says hes not falling for that again.
A documentary about the greyhound racing industry that Neenan-Michel saw in the 1980s laid the
foundation for her involvement. Back then, racing greyhounds werent believed to make good pets. Racing
careers, even now, start at 18 months and end at age 21/2 - 5, if theyre fantastic. But at the peak, 20,000
greyhounds a year were euthanized.
Today, that number may be as low as 2,000, thanks, in part, to rescue groups that have formed around the country.
Neenan-Michel, manager of faculty support at Mendoza, coordinates adoptions as area representative for Lafayette,
Indianas All Star Greyhounds. The applications come through me, and I will do home visits and then match a dog with a
family, she says. For the past 13 years, she and other All Star Greyhounds volunteers have manned a concession stand
at Notre Dame hockey games as a major fundraising effort.
The intelligence and gentle temperament of greyhounds, who have a life expectancy of 10 to 12 years, make them great
pets. We call them potato-chip dogs, Neenan-Michel says. You cant have just one.
As a local representative, Neenan-Michel has placed 57 dogs since 2007 with 27 families in the South Bend area.
Fifteen of those families have adopted multiple dogs, she says. Either by adding one in the family or welcoming another
after they have lost one. When Neenan-Michel is standing with foster families, waiting for dogs to arrive from Daytona, her
eyes are dry. Shes still okay when the truck pulls in. But when the door opens and the dogs jump out, she cant help crying.
Theyre safe, she says. And its a whole new world for them.
allstargreyhounds.org/
36
o Honor Mackenzie
Seven weeks before her identical twin girls were due to be born, Kristen CollettSchmitt went to her doctor for a routine check-up that turned out to be anything but.
One of the babies, Mackenzie, had no heartbeat. Collett-Schmitt was whisked away to
the hospital where the medical staff delivered the babies immediately. The surviving twin,
Harper, was taken to the neonatal intensive care unit (NICU). All she could wear at first,
because of all the wires and tubes she was attached to, were a hat and a diaper. She was so
tiny that the diaper wrapped around her twice.
Harper is a healthy, happy 4-year-old now, the spitting image of her mother, an associate
professional specialist in finance. Remembering how she was unprepared the day Harper
could finally wear clothes, Collett-Schmitt now collects new and used preemie clothes
(with snap fronts to accommodate wires) for donation to Memorial Hospitals NICU. She
and her husband, David have also created the Mackenzie Taylor Schmitt Memorial Fund at
Memorial Hospital South Bend, Ind., to purchase necessities for premature babies. Since
2011, Collett-Schmitt, originally from the Cincinnati/Northern Kentucky area, has been
joined by her extended family and friends for the annual March of Dimes March for Babies
in Cincinnati. Each year, Team Heaven and Earth raises between $2,000 and $4,000 in
honor of Mackenzie.
37
37
FEATURES
ultivating Children
Jamie OBrien has never set foot in Honduras. Still, thats
where his heart isspecifically, with Finca del Nino, or Farm of the
Child, and the children who reside there. Farm of the Child is on the
Honduran northern coast. Missionaries there care for children who
have been orphaned or abandoned, providing for their physical,
medical, educational and spiritual needs. Its an island of safety for
about 40 children, says OBrien (BBA 88, Law 93), s
Mendoza accountancy professor. Honduras, with the worlds highest murder
rate, is beset by poverty, malnutrition, lawlessness and violence. Honduras is
not a safe place, says OBrien. But Farm of the Child is.
OBriens initial involvement with Farm of the Child began when he taught a
class for the Master of Nonprofit Administration program on the nonprofit legal
environment. During and after the class, situations arise, and students often
bounce questions off me, says OBrien. To the extent that I have time to assist,
I do. Farm of the Child Executive Director Andrea McMerty-Brummer (MNA 10,
01) was one such student. I found myself assisting with more and more matters
for the Finca, OBrien says. About three years ago, Andrea asked if I would be
interested in playing a bigger role by joining the board.
Recently, OBrien became chair of development for Farm of the Child.
Hes hoping to bring some extra energy to bear on fundraising. I am a very
enthusiastic pro-life advocate, he says. I really like the idea of helping the
folks who are helping these children whose parents arent able to raise them.
www.farmofthechild.org
38
The Tapachula prison in southern Mexico is communalopen dormitories where families join
incarcerated husbands and fathers if there is nowhere else to go. These children are in the midst
of rapists, killers, prostitutes, drug dealers. Men sell their children as prostitutes to get money for
food, says Karen Slaggert, associate director of the Gigot Center for Entrepreneurship.
But its not entirely hopeless, thanks to Mission on the Move. Founded by an American
couple who go into the prison and convince parents to let them care for their children, the
mission has three homes in Tapachula where they raise as many as 60 children. They have
no schools in the prison, Slaggert says. These children would have no chance but to follow
in the footsteps of their parents.
Slaggert has been an enthusiastic volunteer for Mission on the Move since her first trip 10
years ago when she and other women from her South Bend church provided respite for the house
parentscooking, cleaning and spending time with the children. These are precious children,
no different from my kids or yours, she says.
The cooking and cleaning that she and her team do is gruelingcooking for 60 people on
industrial stoves in a kitchen where theres no AC and temps outside hover around 100 degrees.
Oh, and convenience foods arent an option. Everything they cook is from scratch. Then theres
the laundry. The huge industrial washing machines are great but laundry lines crisscross the
back yard and all the wash is hung out to dry. We are wimps compared to the workers there,
says Slaggert. It takes an army of us to replace the two house parents.
Slaggert and her husband Paul (BBA 74), Mendozas director of non-degree programs, have
three children with Notre Dame degrees thanks to the universitys educational benefit program.
Now theyre paying it forward, helping with college tuition for the children of the mission.
These boys were living in a prison and had no hope, she says. Now they are going
to make a difference.
www.missiononthemove.org
For 24 years, James ORourke IV has helped countless people take a seat. The director of the Fanning Center for Business
Communication serves as the captain of the ushers in the Basilica of the Sacred Heart, coordinating a small group of students
and retired businesspeople to help worshippers find seats, assist the handicapped and manage communion and the collection,
as well as the occasional medical emergency during the Sunday 10 a.m. solemn high Mass.
Julie Phillips has made education her career and the focus
of her service work. The associate program director of the Master of Science in Accountancy serves on the Baugo Community
Schools Board of Trustees. Some of her efforts include saving
a historic gym, establishing an endowed scholarship and
recruiting MSA international students to staff a seventh grade
Junior Achievement program.
Every spring during Lent, the posters go up in Mendoza like
clockwork, encouraging folks to donate boxes of mac and
cheese, cans of vegetables, boxes of cereal and other foodstuffs
to the 40 Boxes in 40 Days campaign. Tamara Springer,
an editorial assistant in the Faculty Support Department, has
coordinated the food drive for nine years. Every year, weve
surpassed our goal with food and cash donations from the
College, says Springer. This is one way that we Ask More of
Business and reach out into the community to do good.
39
FEATURES
urvivors Tale
It was Thanksgiving when
40
Relay Leadership Team. But in the past 8 years, you name it, shes
done itshes been the survivorship chair, mentored event chairs,
led her own team and now supervises her daughters team.
In 2012, cancer struck a member of Reinhardts family once
againthis time her dad, who was diagnosed with esophageal
cancer. Again, because of her involvement in Relay for Life, she
knew how to find the right doctors and what questions to ask.
Her father went through chemo and radiation, but the cancer
returned. In May 2013, he underwent surgery to remove his
esophagus, returning home after 10 days in the hospital. The
homecoming was a scant two days before that years relay, which
he very much intended to participate in. He wanted to walk the
very first lapthe one reserved for survivors.
In the end, he wasnt able to walk the course. But Reinhardts
daughter Kaylee pushed him in a wheelchair, flanked by Reinhardt
and her mother. He wore a white survivors sash across his chest
and a Notre Dame ball cap on his head. As he crossed the finish
line, he raised both arms in triumph. No matter how many times
she tells the story, Reinhardt chokes up. This is what its about,
says Reinhardt. This is why we relayso we do have survivors.
Cancers will continue to come. But were looking for a cure. If you
dont see survivors around that track, what are you relaying for?
relay.acsevents.org/site/TR/RelayForLife
CLASS NOTES
2014
2007
Greg Andrews (BBA ACCT ) Following the Notre Dame mens tennis
Ryan Bandy (BBA MGTC) also was named to the 2014 All-ACC
2006
teams first season in the Atlantic Coast Conference, Irish player Greg
Andrews was named to the 2014 All-ACC Academic Mens Tennis Team.
He served as captain of the squad and played No. 1 singles and doubles.
employee benefits practice. He assists employers with their workforce initiatives, which includes analyzing, developing and implementing employee
healthcare and benefit strategies. Prior to joining Gibson, Korson worked
as a business sales and service consultant at Frontier Communications
Corp.
2013
Cheryl Booms (MNA) recently relocated to Ypsilanti, Mich., to join the
Ann Arbor-based fundraising consulting firm of Richner & Richner as a
consulting analyst.
by the Board of Directors of Mt. Washington Savings Bank. Veith joined Mt.
Washington Savings Bank from The Huntington National Bank, where he was
commercial relationship manager for Huntingtons middle market division.
2005
Joe Herman (MBA) was recently appointed COO and CFO for Hickory
Farms Inc., the specialty food and holiday gift retailer. In this position,
Herman will provide leadership and support to the companys executives
responsible for holiday markets, franchise operations and supply chain as
well as finance and administration.
Nitin Jain (MBA) has been appointed executive vice president and CFO
at Leisureworld Senior Care Corp.
investment banking firm Cleary Gull Inc. Ringsred joined the firm in 2007.
2004
Ryan Chimenti (MBA) has been named managing director for the
investment banking firm Cleary Gull Inc. Chimenti will be responsible for
executing transactions across several industries, business development
and private equity coverage.
Chad Kohorst (MSA, BBA ACCT) has joined Maranon Capital, L.P.
2012
2003
Courte Partners LLC, a private equity real estate investment firm focused
on building companies within niche real estate sectors. Pyzyk joined
Green Courte in June 2012.
2011
Kirk Reich (EMBA) has been named senior vice president,
2009
Scott Filer (EMBA) was recently named president and CEO of One
at Berman Fink Van Horn P.C., Atlanta, where she practices in the area of
business and real estate litigation, labor and employment and legal ethics.
Zielmanski currently serves as president of the Atlanta Council of Younger
Lawyers and is a member of the Community Bankers Association of
Georgia and the Lawyers Club of Atlanta.
2002
Stephanie Cerney (MSA, BBA ACCT 01) was named to the
Michiana Forty Under 40, which honors the areas most talented and
dedicated young executives, professionals and leaders who demonstrate
career success and community engagement. She is a senior manager at
Crowe Horwath LLP.
41
CLASS NOTES
2001
email address
changes to:
alumfile.1@nd.edu
or mail to:
Alumni Records
Processor
1100 Grace Hall
University of
Notre Dame
Notre Dame, IN
46556-5646
2000
Tim Emerick (BBA ACCT) was named
to the Michiana Forty Under 40, which
honors the areas most talented and dedicated young executives, professionals and
leaders who demonstrate career success
and community engagement. Emerick is a
partner at Barnes & Thornburg LLP.
1998
Bill Cerney (BBA ACCT) was named
1997
Louie Gentine (BBA FIN) has been
1995
Patrick McCullough (MBA, ND 95)
Patrick McCullough has been appointed
CFO of Just Energy Group Inc. McCullough
has an 18-year career of progressive
experience in senior financial roles.
a book, Corporate Governance Regulation: How Poor Management is Destroying the Global Economy (J. Wiley & Sons,
2013). Vakkur is the founder of Vakkur.
org, a nonpartisan think tank whose
mission is to help corporations manage
risk while positively influencing corporate
governance policy through comprehensive analysis. Herrera serves as the
acting CEO of Vakkur.org, where she
helps corporate clients improve their
ability to manage risk.
1994
Tim ONeill (BBA MARK), president-
42
But for now, Austin, 12, swims, skis, plays basketball and is
as avid a Notre Dame football fan as his dad. And news on the
cystic fibrosis front is encouraging. Life expectancy has tripled to age 37, and phase three of clinical trials has just been
completed for a gene-therapy treatment for the double-gene
Inspirational Spirits
Charles Florance
(MBA 13)
1990
James (Jim) Corr (BBA ACCT) has been appointed the executive VP
and CFO of Scivantage, a Global FinTech 100 technology provider of
information-enabled software.
Pete Disser (BBA FIN) is pleased to share that his son, Jack is a
James Rojas (BBA ACCT) has joined HBR Consulting LLC as managing
director and corporate development officer. Rojas has more than 20 years of
experience in finance, management consulting, and mergers and acquisitions.
1989
Scott Smith (BBA FIN) has been hired by City National Bank to serve
as senior vice president and manager of its commercial banking team in
San Francisco. Smith will help lead City Nationals commercial banking
activities throughout the Bay Area.
1987
Frederick W. Ahlholm (BBA ACCT) has been appointed vice presi-
dent of finance and CFO at Minerva Neurosciences, a leader in the development of new therapies to treat neuropsychiatric diseases and disorders.
1986
Scott C. Malpass (MBA), Notre Dames VP and CIO, will receive the
Lifetime Achievement Award from Chief Investment Officer (CIO) magazine during ceremonies in December. In CIOs announcement of the award,
Malpass was praised as an investor (who) grew alongside the endowment,
both becoming among the most respected in the institutional universe.
ing director and CFO of CME Group. Pietrowicz has been with the company since 2003 and has been serving most recently as senior managing
director, corporate development and finance and deputy CFO.
Stephen Rolfs (BBA ACCT) has been apointed SVP and CFO of Sensient Technologies Corporation SXT. Rolfs, who joined Sensient in 1997,
currently serves as SVP, administration.
1985
Martin Dunn (BBA FIN) is a corporate finance partner based in
43
CLASS NOTES
1983
Dan Hammer (BBA MGT) was recently appointed to the newly cre-
ated position of general manager, frozen division for Inventure Foods Inc.,
a leading specialty food marketer and manufacturer.
1982
Frank T. Connor (BBA FIN) has been appointed to the board of directors of Cohen & Steers Inc. Connor is the executive vice president and
CFO of Textron Inc.
1981
Tom McCabe (MBA) has joined Orbital Sciences Corp. as senior VP,
general counsel and secretary. McCabe will direct Orbitals legal, ethics
and compliance, and regulatory affairs functions and will be based at the
companys headquarters in Dulles, Va.
1980
Robert F. Carey (BBA ACCT) was appointed executive vice president and chief business officer at Horizon Pharma.
Tom Crotty (BBA FIN) was elected to the Board of Trustees for the
We design games that make it really easy and fun and social to
place wagers on live horse races around the countryeven if you
have never done it before, says Walter. The idea was to make it
just as easy to bet on horseracing as it was to play FarmVille or
Angry Birds. In fact, their target customer is someone who plays
social games and has never bet on a horse before.
We show live video of races, says Bill. The money bet through our
game is sent directly to the pools at the track. Derby Jackpot is like a
gas station that sells lottery tickets.
Tom is more than satisfied with their first game out of the gate.
Our goal is to build the biggest online gaming brand in the United
States, he says. I was an entrepreneurship major. So Im very
excited every time I get to say Im an entrepreneur.
Greg Sebasky (BBA ACCT) has been named CEO of Ascend Learning,
a provider of technology-based learning solutions that efficiently deliver
superior student results in health care and other professional fields.
1979
Eric J. Letendre (MBA), has been named senior trust and invest-
ment officer for First National Bank of Santa Fe. Letendre is primarily
responsible for providing trust administration, financial planning advice
and solutions for high-net worth clients, trusts, entrepreneurs, retirees
and endowments.
@ND_MBA news about the Notre Dame MBA program and trending
b-school topics
44
@NDDCEL news and thought leadership from the Notre Dame Deloitte
Center for Ethical Leadership
Andrew McKenna Jr. (BBA ACCT) was recently elected to the Board of
Trustees for the University of Notre Dame. McKenna is the founder and president of Central Street Games, a mobile game developer. He previously served
as president of Schwarz Paper Company. McKenna was education chairman
of the Chicagoland Chamber of Commerce and chairman of the Illinois Business Education Coalition, a strong voice for school reform embracing educational standards and accountability. He serves on the advisory board of Notre
Dames Alliance for Catholic Education, the School Board of the Archdiocese
of Chicago and the board of trustees of Rush University Medical Center.
Raymond V. OBrien III (BBA FIN) has been elected to serve as vice
Betsy ONeill (MSA 11, 10) married Garrett Busch (MBA 10, 09)
1977
Charles B. Amman (BBA FIN) was appointed EVP, general counsel
1975
Stephen Hare (BBA) has been appointed EVP and CFO for Office Depot, Inc.
Richard Barnett
(BS, Commerce 56)
passed away April 29, 2014, in Bakersfield, Calif. He was a prominent and
well-respected real estate broker for
more than 45 years. He was also
a pricipal in several major housing,
shopping centers, industrial and hotel
developments in California and Texas. Barnett would say
that his greatest accomplishment was that his sweetheart, Louise, said yes to his proposal of marriage.
Barnett was an avid reader and a great conversationalist with a quick wit, an advocate for others success,
and was selfless in giving of his time and resources to
those in need.
Barnett, who was preceeded in death by his wife, is
survived by their three chidren, a brother, several grandchildren, and numerous nieces, nephews and cousins.
Future Domers
1973
In Memoriam
Weddings
45
TAKING STOCK
By Bill Nichols
This was probably one of the last places on
earth I ever expected to find myself.
It was March, and I was traveling with a
group of about 10 people just outside a remote village in Rwanda, when we came upon
a series of ponds covered with a homemadelooking contraption fashioned from boards,
sticks and wire.
My companions were a mix of Notre
Dame graduate students and Catholic Relief
Services in-country staff. And the scene in
front of us, as odd as it was, represented a
fairly sophisticated entrepreneurial venture
that offered economic hope for a village on a
continent in dire need of new answers.
Heres how it worked: The villagers used
the ponds to raise tilapia, a product they can
sell in the marketplace as well as eat. On the
board-stick-and-wire platforms, they raised
rabbits. The rabbit dung fell into the pond,
where the tilapia ate it. Then the villagers
harvested the rabbits for their fur and meat.
From ponds and fish, to rabbits and dung,
here was a sustainable, entrepreneurial
venture. Perhaps more than that, it was a
determined effort to break dependence on
philanthropy and truly put the power of the
marketplace to work.
I dont normally travel with students to
Africa. I ended up in Rwanda because, after
more than 35 years as an accountancy
professor at Mendoza, I decided to enroll in
the MBA Business on the Frontlines (BOTFL)
course. Its an intense course that includes
travel to post-conflict countries and regions
to study an urgent problem thats been
defined by a non-governmental organization
partner.
46
Back to
School
Business on the Frontlines
47
TAKING STOCK
Everyday
Grace
On Stories
Eighth in a series of reflections by Lawrence S. Cunningham
48
kingdom of God of which you speak? Well, let me tell you, Jesus
says, about a mustard seed or a lost coin or a treasure buried in a
field or a farmer going out to sow seed.
WELCOME
TO OUR
NETWORK.
Graduate Programs
49
MBA
Executive MBA
MS in Finance
MS in Business Analytics
MS in Management
MS in Accountancy
Master of Nonprofit
Administration
Nonprofit Org.
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