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TableofContents
The
Executive
Spring/Summer 2006
VOLUME 11 ISSUE 1
Published twice annually in the spring
and fall for alumni and friends of The
University of Alabamas Culverhouse
College of Commerce and Business
Administration.
Dean's Message
Culverhouse News
Research News
12 College News
14 Faculty News
22 Development News
Lindsey Blumenthal named
coordinator of business school's
Commerce Executives Society.
33 Alumni News
38 Alumni Notes
OntheCover
30
Marketing
the Mind
CulverhouseNews
DeansMessage
big
Kathryn Hornsby is
managing director
of Citigroups Global
Corporate Investment
Bank in the Global
Transaction Services
division, supervising
a 430 -member staf f
that oversees projects
exceeding $200 million
in revenue throughout
60 countriesand she
does most of it from
Tuscaloosa.
By Chrishan Emonina
Technology makes it possible, Hornsby said. On Mondays,
I have a staff meeting by phone. Cell phones and e-mail help make
it easy to communicate with my staff. She also travels to her office
in New York at least once a month for meetings.
ily and friends who live in Tuscaloosa. Her brother, Dr. Joseph
Hornsby, is director of the Blount Undergraduate Initiative at UA.
Hornsby said she has enjoyed being back in Tuscaloosa.
I had a chance to go to a couple of the football games this
fall. Its amazing. I have run into people that I havent
seen in 25 years.
Hornsby has lived in Tuscaloosa since July 2005. And
before any young, eager business executives get any ideas
about doing the same as Hornsby, they should understand
-ccity job,
small-city living
Citigroup Inc. is one of the worlds largest financial services
that she is able to do her job from Tuscaloosa because of her 25companies, with some 200 million customer accounts in more than
year track record of hard work and outstanding job performance
100 countries. The firms history dates back to the founding of
that has netted millions of dollars for Citigroup and its clients.
Citibank in 1812, Bank Handlowy in 1870, Smith Barney in 1873,
Even though her job as managing director keeps her busy,
Banamex in 1884, and Salomon Brothers in 1910. Other major
Hornsby is serving a one-year appointment as an executive-inbrand names under Citigroups trademark red umbrella include
residence at the business school, where she works with faculty and
Citi Cards, CitiFinancial, CitiMortgage, CitiInsurance, Primerica,
students in various capacities.
Diners Club, The Citigroup Private Bank, and CitiCapital.
Mostly, I have been speaking with students about what its
Hornsby began working for Citigroup 25 years ago, a few
like working for a global company, she said. She also talks to stumonths after receiving her bachelors degree in corporate finance
dents about topics in which she is most interested: international
from The University of Alabamas Culverhouse College of
business, women in business, general management, and metric and
Commerce. Since then, she has worked her way up the ranks of the
management operations.
company, serving in various positions around the world, includ
She speaks fluent French and conversational Hungarian, and
ing Texas, New York, California,
urges students to learn a foreign
Cte dIvoire, and Senegal.
especially students who
Before any young, eager business executives language,
Before becoming managing
are interested in international
director of the Global Corporate get any ideas about doing the same as Hornsby, business.
Investment Bank in the Global
they should understand that she is able to do Today it is important to
Transaction Services (GTS) divihave more than English in your
her job from Tuscaloosa because of her 25-year repertoire, as well as to undersion in 2004, Hornsby worked
as a senior country operations
track record of hard work and outstanding job stand the culture of the corporate
officer in Budapest, Hungary, for
she said.
performance that has netted millions of dollars community,
four years. There she supervised
Citigroup employs 300,000
for Citigroup and its clients.
a 130-member staff, integrated
people in more than 100
bank acquisitions, and directed
countries. Hornsby serves on
corporate banking and technology operations. In 2000, a promothe Executive Council of the GTS Womens Council and said
tion to head of global consulting of the GTS division brought
Citigroup looks for people who are innovative, creative, and able to
Hornsby back to New York. In that position, she spent four years
execute well.
managing internal and external consulting services, supervising
Hornsby, who is single and has no children, said she thinks
consultants, and establishing franchises in Europe and Asia.
anyone, regardless of family situation, can be successful in their
So why would someone who has lived around the world have
career by working smart and balancing work and personal life. She
chosen to direct her operations from the small city of Tuscaloosa?
said most employers will allow employees time to deal with family
For Kathryn Hornsby, the choice was simple.
issues if employees understand and meet the work ethic of their
Tuscaloosa is a great city, she said, and I wanted to be closer
employers and if employees usually go above and beyond the job
to home and my family. Hornsby, a Gadsden native, has famrequirements.
ResearchNews
Technology
T
ResearchNews
become business managers; we want them to remain productive
faculty members.
In addition to the intellectual property and access to the brain power
behind it, companies can benefit from the partnership through the business model UA can develop for them, through the potential of leasing lab
space to launch a pilot production facility, and through the state-of-the art
communication capabilities of the AIME facility, including high-speed
Internet and wireless capabilities and videoconferencing.
Additional support for start-ups includes access to faculty members
such as Dr. Marino and Dr. Powell, who review applications for the incubator and can help review and work on existing business plans. According
to Marino, We also intend to have teams of M.B.A. students and undergraduates do market research and business model development with the
new firms.
Start-ups can also hire UAs students, including those who may have
worked closely with the researcher whose idea is being marketed. This is
another huge selling point, Daly said, as is the opportunity for the additional entrepreneurial training UA can offer a start-up.
In an ideal scenario, after three years in start-up mode, the company
would leave the protection of UA and become self-supporting at an offcampus location not too far away, Daly said.
We will strongly encourage the economic opportunities of this
area, Daly said.
Ventures such as those the incubator seeks can be beneficial to UA as
they can allow the University to recoup some of the costs it invests in seeking patents and business partners. Perhaps more importantly, Daly said, a
successful incubator program enhances the schools stature in the eyes of
productive faculty and potential faculty.
Some of the new systems features for alumni and job seekers are
direct posting/editing of rsums
searchable jobs database by keyword of location
ability to blind a rsum to maintain confidentiality
automatic notification when a job is posted in the applicants area of interest
Employers who sponsor the job board for 90 days will have
their openings pushed to the top of the list and will have a banner
on the website. Jobs will be automatically removed on a predetermined date to avoid having stale jobs posted on the site.
The website can be accessed using any Web browser from any
location.
The business schools Career Center Satellite Office is located
at 35 Bidgood Hall.
ResearchNews
Aging Infrastructure
From bridges and
roads to homeland
security and health
care management, The
University of Alabamas
newest interdisciplinary
research center the
Aging Infrastructure
Systems Center for
Excellencefocuses
on efforts to improve
and better manage
the nations aging
infrastructure. Reversing
the aging effects on
the nations public and
private infrastructure
systems is vital for public
safety and for the states
economic development.
ResearchNews
CollegeNews
NAMED POSITIONS
DONORS
FACULTY HOLDERS
F. Todd DeZoort,
associate professor of accounting
Angus R. and David J. Cooper Endowed Angus R. and David J. Cooper Thomas W. Downs, associate professor
Faculty Excellence Fellow
of economics, finance, and legal studies
Bruno Professor of Retail Marketing Angelo Bruno Kristy Reynolds, associate professor of marketing
Derrell Thomas Teaching Excellence Faculty Fellow
Derrell Thomas Kim Sydow Campbell, associate professor
of managerial communications
Derrell Thomas Teaching Excellence Faculty Fellow
Derrell Thomas Alexander E. Ellinger, associate professor
of marketing and supply chain management
Durr-Fillauer Chair of Business Ethics
Various donors
Dwight Harrigan
Frank Mason
Liberty National
Phillip Watkins
NAMED POSITIONS
DONORS
FACULTY HOLDERS
J. Reese Phifer Faculty Fellow of Accounting Reese Phifer Jr. Memorial Foundation Thomas L. Albright, professor of accounting
James and Dorothy Nelems
James and Dorothy Nelems
Vacant
Endowed Faculty Fellowship in Marketing Research
J. Reese Phifer Faculty Fellow in Economics and Finance Reese Phifer Jr. Memorial Foundation
Frank H. Page Jr., professor of finance and economics
J. Reese Phifer Faculty Fellow in Marketing Reese Phifer Jr. Memorial Foundation
J. Reese Phifer Faculty Fellow in Marketing Reese Phifer Jr. Memorial Foundation
J. Reese Phifer Faculty Fellow in Marketing Reese Phifer Jr. Memorial Foundation Robert Morgan, department head
of management and marketing
J. Reese Phifer Faculty Fellow in Operations Management Reese Phifer Jr. Memorial Foundation
James D. Nabors
Vacant
James D. Nabors
James I. Harrison Family Teaching Excellence Faculty Fellow James I. Harrison Jr.
James Patrick and Elizabeth B. Hayes Professorship Elizabeth B. and James Patrick Hayes
Joe Lane Professor of Accounting Edna Lane Robert C. Kee, professor of accounting
John and Mary Louise Loftis Bickley
Endowed Teaching Chair in Insurance and Finance
Various donors
Vacant
James F. Cashman, coordinator of management programs
John R. Miller Professor of Management The Miller family Ronald E. Dulek, professor of managerial communications
John R. Miller Professor of Management The Miller family
John S. Bickley Faculty Fellow in Economics and Finance
Minnie C. Miles
PricewaterhouseCoopers
Robert Hunt Cochrane/Alabama Bankers Association Chair The McMillian and Cochrane families
Vacant
Various donors
Vacant
William A. Powell Jr. Chair of Finance and Banking AmSouth Bank N.A. of Birmingham Anup Agrawal, professor
of economics, finance, and legal studies
William White McDonald Family Distinguished
Faculty Fellow
W. R. Bennett
Vacant
FacultyNews
Beta
Alpha Psi chapter earns superior rating
By Chrishan Emonina
mission
Commerce
Executives Society
January 1December 31, 2005
Wachovia Corporation
Mr. Jack W. Warner
Ernest G. & Cecil B. Williams
Foundation
Brownell Travel
Mr. and Mrs. Robert L. Brueck
Mr. Joseph Elwood Bryan
Mr. Robert W. Buchalter
Mr. Richard A. Burch
Mr. James L. Busby
Camp Foundation Inc.
Mr. Ehney A. Camp III
Mrs. Karen Jones Campbell
Mr. Iris W. Carmack
The Cartledge Foundation Inc.
Mr. R. Eugene Cartledge
Mr. John Manuel Carvalho Jr.
CAS Inc.
Mr. Michael Edward Case
Mr. Ralph Cassell
Mr. Russell W. Chambliss
Ms. Tracy Duda Chapman
Mr. Alan Cheney
Mr. Sam Emmett Christopher
Chubb & Son Inc.
Mr. Guy S. Clifton
Mr. Joe Clifton
Clokey Realty Inc.
Mr. David Lauren Clokey
Mr. Robert Martin Cobb
The Coca-Cola Company
Mr. Francisco Codina
Mr. H. Ray Cole Jr.
Dr. Marie Evans Coleman
Mr. Stephen R. Collins
Colonial Properties Trust
The Community Foundation For
Greater Atlanta Inc.
Mr. A. Philip Cook Jr.
Dr. Myrl Bixby Cooper
Cooper/T. Smith Stevedoring
Company Inc.
Mr. D. Bradley Cork
Mr. Philip Douglas Cox
CRC Insurance Services
Mr. John Creel
Mr. William Thomas Cross
Mr. Thomas J. Curtin
Mr. T. Wayne Davis Jr.
Mr. G. Hilton Dean
Deloitte Services LP
Mr. Patrick Drummond
Duncan-Williams Inc.
Mr. J. Mark Dunning
Mr. Thomas M. Dunning
Ms. Melissa Durbin
Eagle West IIC
Mr. William Richard Easterling
Executives Club
The Executives Club is open to individuals and institutions that contribute
$250 to $499.99 to the College or any of its academic programs.
Mr. E. D. Aderholt
Alabama Association of Realtors
Alabama Title Co. Inc.
Mr. Jack Richard Altherr Jr.
Mr. Stephen Amason
AmSouth Bank Foundation
Mr. Todd William Anderson
Mr. Eugene R. Andrzejewski
Mrs. Susan Cormany Angelo
Mr. Timothy Ayres
Mr. Lamar C. Bagby
Mr. Lawrence Edwin Baggett
Mr. Walter L. Baker Jr.
Mr. E. Lee Barran
Mr. Darrell E. Bass
Mr. Jim F. Beasley
Mr. George Milton Beason Jr.
Mr. Dick Bell
Dr. Kathleen Bindon
Mr. Robert Eugene Blake
Mr. George Bloodworth
Mrs. Lee Watkins Boles
Mr. Joseph A. Boohaker
Mr. Richard Bradford
Mr. David Lee Bradley
Mr. Stephen Earl Bradley
Branch Banking and Trust Company
Dr. James Edward Bridges Jr.
Mr. Harry B. Brock III
Mr. William H. Brooks
Mrs. Dorothy E. Brown
Mr. William Lister Brunson Jr.
Mr. Ronald Frank Bush
Business Park LLC
Mr. William Russell Carothers III
Mr. Joe Allan Chambliss
Mr. Bryan Ross Chandler
Mr. Dung Chau
Mr. Jeffrey S. Chitwood
Mr. Steven A. Christian
Mr. Michael William Cooke
Mr. William Earl Cooper
Mr. James Howard Corbin Jr.
Mr. Ezell Cornelius
Mr. Melvin Rogers Coxwell
Mr. James S. Crow
Crum Charitable Foundation
Mrs. Gertrude Crum
Ms. Laura Lynn Crum
Dr. William B. Crum
Ms. Mary A. David
Mr. Douglas Burton Davis
Mr. James Lindbergh Davis Jr.
Miss Mary Gwendolyn Davis
Mr. Robert Leroy Davis Jr.
Additional Contributors
Contributions from individuals and corporations that contribute up to $99.99
to the College or any of its academic programs.
Mr. James G. Adams Jr.
Mr. Farrell Joseph Allen
Ms. Jennifer Bonner Armstrong
Mrs. Kara S. Arthur
Mr. Stephen Phillip Ascik
Dr. Charles Francis Aust
Mrs. Susan S. Austin
Aventis Pharmaceuticals
AXA Foundation
Mr. Jack O. Ayers
Dr. Eric N. Baklanoff
Dr. Joy Driskell Baklanoff
Mr. Harvey Bally
Mrs. Diana S. Barrett
Mr. William A. Barry III
Mr. George Andrew Bartlett
Ms. Linda F. Batson
Mrs. Elizabeth Kitchin Bean
Mr. Grady Timothy Bean
Mrs. Diane Butler Beck
Mr. Rolla Earl Beck III
Mr. John Michael Bierchen
Dr. Karen Bishop
Mr. Joseph S. Bivona
Mr. Robert W. Bland
Mr. Jeff Blitz
Mr. Ronald C. Bonds
Mr. Kevin Bruce Borie
Mr. Norman William Botsford
Mrs. Carolyn L. Bowman
Mr. John S. Bowman
Mrs. Anne Hankins Boyd
DevelopmentNews
Lindsey Blumenthal
named director of business schools
Commerce Executives Society
DevelopmentNews
C S
Your opportunity to be part
of a tradition of excellence
other activities.
Sincerely,
Lindsey Blumenthal
Market
of the
Mind
The information services market generated about $340 billion in worldwide revenues
during 2004, according to industry estimates, with consulting generating over $100 billion
and outsourcing generating another $240 billion.
CoverStory
Many companies are interested in focusing on their core competencies and leaving
non-core functions to companies specializing
in these areas, he said. Further, many are
taking advantage of the global economy,
utilizing advances in technology and communications to access other parts of the world for
skills in IT, finance and accounting, human
resources, and many others.
Accenture provides global outsourcing
services in over 48 countries around the world.
Many companies have found it very beneficial
to take advantage of these outsource offerings,
and it is a rapidly growing part of our business
and the industry overall.
Issues surrounding
consulting
There are many types of consultants in this industry, Stewart said, and
CoverStory
tants as a matter of course; it was kind of
an unnatural act. Today, it is a very much
accepted and expected part of doing business anywhere in the world; so it was been a
very rewarding experience.
AlumniNews
a national level.
Plus, a lot of the
restructuring work
that has resulted
from Sarbanes
has now trickled
down to us so that
we are able to do a
lot of project outsourcing work. I
think outsourcing
as a whole is not
only here to stay
but is becoming a
model that will be
very beneficial to
Barry Tidwell
corporate America.
Tidwell said the firms consulting practice consists of three
areas: project outsourcing, business valuation, and litigation
support.
Some of our consulting projects are research related,
Finison said. Usually, there is a strategic focus and direct
problem to solve.
Tidwell said another factor in the firms growth has been
its hiring. We have hired quality people who can lead large
projects. That has allowed us to grow further with our clients and
potential clients.
So, does Tidwell DeWitt management see the firm growing
through acquisition?
We are always looking for the right culture fit, and if there is
a firm that fits our culture, then we might look into bringing them
in through acquisition; but we are not looking to acquire just for the
sake of growth, Tidwell said.
Our growth has enabled us to work without geographic
boundaries. We have worked with clients in 38 of the 48 contiguous states.
Birmingham and Atlanta are simply our hubs, Finison said.
Tidwell DeWitt has been ranked among the fastest-growing
firms in the U.S. four out of the past five years, Tidwell said. Our
growth has made it exciting for people to join our firm because they
are able to get into a leadership position and a practice position that
allows them to work directly with clients and learn more about the
business environment than they would in other practices.
The growth of Tidwell DeWitt bodes well for the Culverhouse
College of Commerce.
The administration and faculty at the University of Alabama
business school think ahead and we leverage off that, Finison said.
We have close relationships with professors, and we stay on the
forefront of strategic business thinking. We are extremely active in
the UA internship program.
We have a commitment to just a few universities, Tidwell
said, and at the top of that list is UA. We get fantastic people, particularly people who have been in the market before and are more
strategic and critical thinkers, people who are able to look at the
business as a whole.
AlumniNews
AlumniNews
AlumniNotes
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AlumniNotes
Commercial Finance. He has also accepted
the position of assistant vice president of
portfolio analytics at the firms headquarters
in Stamford, Connecticut.
2001
2003
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2005
M E MOR I A M
Wallace E. Cardwell
committee. In 1966, Cardwell transferred to the newlyformed Seven Counties Association and served as chairman
of its public relations committee. He was also a member of
the National Newspapers Purchasing Managers Association.
Cardwell was a member and purchasing agent of the
First Methodist Church in Stamford. A member of the
Rotary Club in both Coos Cob and Clearwater, Florida,
where he maintained a second home for many years, he was
appointed president of the Coos Cob Rotary in 1969 and
was also a Paul Harris Fellow. Included among Cardwells
many honors were memberships in the Honorable Order of
Kentucky Colonels and the Old Granddad Club.
Predeceased by his son, Wallace Cardwell Jr., Cardwell
is survived by his wife, Hilda, of Riverside; daughter-in-law,
Janet Cardwell of Timber Ville, Virginia; and stepsons, Dr.
Vanier Strait of Stamford, William Strait of Mandeville,
Louisiana, and Donald Strait of Newtown.
Calendar of Events
Culverhouse College of
Commerce and Business
Administration
SpringWinter 2006
April 20
Lowder Lecture Series
Guest Speaker: John R. Wynn,
attorney
Lanier, Ford, Shaver & Payne
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
May 5
CES Luncheon
12:001:00 p.m.
JW Marriott Hotel
Pennsylvania Avenue
Washington, D.C.
Graduation Picnic
Noon
The Quad (by Denny Chimes)
May 19
Retired Faculty and Staff
Reception
4:005:30 p.m.
Alston Parlor
June 12
Capstone Business Academy
Orientation Luncheon
11:30 a.m.1:30 p.m.
Alston Parlor
June 21
Capstone Business Academy
Farewell Luncheon
1:003:00 p.m.
Alston Parlor
July 10
Capstone Business Academy
Orientation Luncheon
11:30 a.m.1:30 p.m.
Alston Parlor
July 19
Capstone Business Academy
Farewell Luncheon
1:003:00 p.m.
Alston Parlor
September 2
Alabama vs. Hawaii
Pregame Event
Time: TBA
Alston Hall
September 6
Lowder Lecture Series
Guest Speaker:
Beth Mooney,
chief financial officer
AmSouth Bank, Birmingham
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
September 78
Fall Board of Visitors Meeting
Time: TBA
Renaissance Ross Bridge Golf
Resort and Spa
Hoover, Alabama
September 9
Alabama vs. Vanderbilt
Pregame Event
Time: TBA
Alston Hall
September 14
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
September 16
Alabama vs. Louisiana-Monroe
Pregame Event
Time: TBA
Alston Hall
September 19
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
September 22
CES Luncheon
12:001:00 p.m.
The Summit Club
Birmingham, Alabama
September 28
Lowder Lecture Series
Guest Speaker:
Theodore J. Bender III,
managing director
Croft & Bender LLC.
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
October 7
Alabama vs. Duke Pregame Event
Time: TBA
Alston Hall
October 11
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
October 14
Alabama vs. Ole Miss
Pregame Event
Time: TBA
Alston Hall
October 17
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
October 19
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
October 24
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
October 26
CES Luncheon
12:001:00 p.m.
Heritage Club
Huntsville, Alabama
October 28
Alabama vs. Florida International
Pregame Event
Time: TBA
Alston Hall
November 4
Alabama vs. Mississippi State
Pregame Event
Time: TBA
Alston Hall
November 8
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
November 10
CES Luncheon
12:001:00 p.m.
Capital City Club
Montgomery, Alabama
November 14
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
November 18
Alabama vs. Auburn
Pregame Event
Time: TBA
Alston Hall
November 28
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
November 30
Lowder Lecture Series
Guest Speaker:
Steve Vinson, executive vice
president & chief risk officer
Regions Financial Corporation
Birmingham
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
December 1
CES Luncheon
12:001:00 p.m.
Alston Hall
Tuscaloosa, Alabama
December 6
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
December 7
Lowder Lecture Series
8:00 a.m.5:00 p.m.
Alston Parlor and
Conference Room
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PERMIT NO. 2400