The Triangle-November 20th, 2009

LeBow College of Business hosted José Goñi, the Chilean ambassador to the United States, Nov. 13 as part of its "A View from the Top" lecture series, which introduces notable leaders of the world to Drexel students and community.

Goñi's presentation largely dealt with Chile's success over the past decade, and focused on the country's poverty rates and economic data over recent years. According to Goñi, the Chilean poverty rate has fallen to about 10 percent since 1990. Goñi also stressed that despite the global recession, the Chilean government has maintained a balanced budget, which has aided the country's rise on the world stage.

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The Triangle-November 13th, 2009

BusinessWeek has ranked the part-time MBA program at Drexel University's LeBow College of Business first in the country for academic quality, and tenth overall in its 2009 rankings. LeBow was the only Philadelphia part-time MBA program to rank within the top thirty.

"The Drexel part-time MBA is committed to exceeding the needs of our students and alumni and is a key factor in their upward mobility, as evidenced by the achievements of our MBA students and alumni," George Tsetsekos, dean of the LeBow College of Business.

"To be ranked No. 1 in academic quality by BusinessWeek is a testament to our growing stature as one of the world's leading resources for business education. This ranking validates the rigorous experiential education, leadership assessment, and global perspective that LeBow provides," Tsetsekos stated.

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KOVR CBS 13 Sacramento & KFBK News Radio Sacramento-November 11th, 2009

The Drexel Part-Time MBA program has received widespread media attention after being ranked No. 1 for academic quality and No. 10 overall in the nation by BusinessWeek's 2009 rankings. Broadcast stories on CBS 13 Sacramento and KFBK News Radio Sacramento both covered this prestigious ranking.

In ranking LeBow College of Business No.1 in academic quality, BusinessWeek combined six equally weighted measures: average GMAT score, average student work experience, the percentage of instructors who are tenured, average class size in core business classes, the number of business electives available to part-timers, and the percentage of students who ultimately complete the program.

 

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4Hoteliers-November 10th, 2009

A research article co-authored by Pravin Nath, Ph.D., assistant professor of marketing, was quoted in a 4Hoteliers article about the position of chief marketing officers being at the verge of extinction.

"[A] study by Pravin Nath... found that the presence of a CMO had no impact on a firm's performance and that firms with CMOs do not perform better, and may perform worse, than those without them," the article reports.

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Sacramento Business Journal-November 6th, 2009

The Sacramento Business Journal carried a story announcing that the Drexel  Part-Time MBA program has been ranked No. 1 in academic quality among its peer programs by BusinessWeek magazine.

The Drexel Part-Time MBA program is offered at Drexel's Sacramento Center for Graduate Studies as well as on the main campus and in Malvern, Pa.

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Earth Times-November 6th, 2009

Drexel University’s LeBow College of Business Part-Time MBA program has been named No. 1 in the nation for academic quality by BusinessWeek’s 2009 rankings of part-time MBA programs. The Drexel Part-Time MBA ranked No. 10 in the nation overall. No other part-time MBA program in the Philadelphia region was ranked among the nation’s top 30 by BusinessWeek.

The overall ranking was based on three factors: academic quality, post-MBA outcomes, and a survey of MBA student satisfaction. In ranking LeBow College of Business No. 1 in academic quality, BusinessWeek combined six equally weighted measures: average GMAT score, average student work experience, the percentage of instructors who are tenured, average class size in core business classes, the number of business electives available to part-timers, and the percentage of students who ultimately complete the program.

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The Philadelphia Inquirer-November 5th, 2009

Roger McCain, Ph.D., professor of economics, was quoted in a Philadelphia Inquirer article about the SEPTA strike's cost to the region. 

The biggest direct cost we all experience is time lost. McCain, who said it took him 25 minutes to drive down Market Street from 30th Street to 34th Street Wednesday morning, said time is the ultimate scarce resource. Scarcity is what economics is all about, McCain said.

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Rapaport Diamond Report-October 30th, 2009

Maria Olivero, assistant professor of economics at the LeBow College of Business, was quoted on an article in Rapaport titled "The Consumer Psyche."

“It is the American consumer that drives the world economy,” says Olivero.  While business leaders point to an increase in consumption in emerging markets like China and Brazil, Olivero says those consumers are not ready to take the spending baton from American shoppers.

“Getting consumers to spend in other parts of the world can't happen if Americans aren't spending — their economies still depend on the United States,” she says.

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Reuters-October 30th, 2009

Denis O'Brien, president and CEO of PECO and executive vice president of Exelon, will receive Drexel University's LeBow College of Business 2009 Business Leader of the Year Award at a luncheon on December 3 at The Park Hyatt Philadelphia at The Bellevue.

A Drexel alumnus, O'Brien received his MBA in 1987 from the University's LeBow College of Business and is a University trustee. In his current position, O'Brien is responsible for strategic leadership and oversight of all of PECO's operations. O'Brien has more than 25 years of utility experience in engineering, operations, strategic planning and executive management.

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Fox News-October 23rd, 2009

Jie Cai, Ph.D., assistant professor of finance at LeBow College of Business and a fellow at our Center for Corporate Governance, was quoted in a Fox News article titled "Who Represents Taxpayers' Stakes in TARP Banks? Good Question."

“If the U.S. government still holds those shares when Citigroup holds its next shareholder meeting, then the U.S. government is just like any other shareholder,” Cai said. “And just like any other shareholder, they can vote any way they like.”

Cai noted that the bank hopes to do that, but that efforts to raise money by issuing additional shares will depend on market conditions. “It will be interesting to see how it plays out,” he said.  

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Entrepreneur.com-October 15th, 2009

Mark Loschiavo, executive director of LeBow College's Baiada Center for Entrepreneurship, commented on a story about the television program "Shark Tank," in which entrepreneurs vie for start-up capital from investors.

Be realistic, Loschiavo, says. "Venture capitalists or private-equity folks are always going to view the value of a business significantly lower than an entrepreneur believes it is worth. There's always a chasm between what the entrepreneur wants and what the venture capitalists are willing to offer in terms of equity and investment."

"Venture capitalists can be excellent sources of feedback, whether they invest in your product or not," Loschiavo says. "You can really learn a great deal about how to improve your plan or product, because these folks are going to pick up on any possible pitfalls."

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The San Francisco Chronicle-October 15th, 2009

A column in the San Francisco Chronicle refers to a research paper authored by LeBow College professors Eliezer Fich, Ph.D., associate professor of finance, and Jie Cai, Ph.D., assistant professor of finance, as well as Anh L. Tran, in listing questions that the reporter prepared for a potential interview with President Barack Obama.

The proposed question: "Might the promised financial reforms address issues like 'springloading?' That is, the granting of new stock options to CEOs and other corporate honchos 'systematically timed' with takeover talk concerning their companies, according to a research paper from Drexel University's LeBow College of Business."

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The Wall Street Journal-October 12th, 2009

Eliezer Fich, Ph.D., associate professor of finance at LeBow College of Business, was quoted in a Wall Street Journal article about the practice of awarding stock options to top executives while engaging in negotiations to be acquired.

"It's very selfish behavior by these CEOs," argues Fich, co-author of a research paper on the topic with Jie Cai, an assistant professor of finance at LeBow College, and Anh L. Tran. "They want to get the last nickel from the company, regardless of what's in the best interests of shareholders."

Their paper, which has been presented at academic conferences but not yet published, examined 110 deals between 1999 and 2006 in which target company CEOs were given unscheduled stock-option grants while takeover discussions had started but hadn't yet been made public.    

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KYW News Radio-October 5th, 2009
Ed Nelling, Ph.D., a LeBow College of Business professor of finance, commented on a story about why American Express has just repealed monthly service fees on gift cards. "Especially in the current economic climate with everyone watching every dollar so closely, people were averse to using these gift cards or giving these gift cards to someone when they know that the gift card may waste away after some time."  
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iStockAnalyst-September 29th, 2009
AN iStockAnalyst article entitled "It's Not Easy Getting Green" references the CNBC article "Stock Option Grants to Target CEOs During Private Merger Negotiations," authored by Eliezer Fich, associate professor of finance at LeBow College of Business.
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CNBC-September 25th, 2009

Eliezer Fich, associate professor of finance at LeBow College of Business, wrote an article for CNBC on findings outlined by his research paper co-authored with Jie Cai, an assistant professor of finance at LeBow College, and Anh Tran, entitled "Stock Option Grants to Target CEOs During Private Merger Negotiations." 

"My co-authors and I were baffled to discover that target CEOs, such as Marvel’s Perlmutter, are not technically in violation of Sections 10(b) and/or 16(b) of the 1934 Securities Act which penalize insider trading," Fich writes. "Specifically, these laws state that 'any person purchasing or selling a security while in possession of material, nonpublic information shall be liable in an action in any court of competent jurisdiction…'."

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MSN-September 16th, 2009

David Becher, an assistant professor of finance at Drexel University’s LeBow College of Business, commented in an article entitled "Why a Meltdown Could Happen Again."

“We haven’t changed the rules. The banks are still allowed to do what they did before, so there’s always the threat these products they are issuing can go ‘underwater’ again,” says Becher.

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WMGK-FM-September 8th, 2009

David Becher, Ph.D., associate professor of finance at LeBow College of Business, did a business update about the current mortgage crisis that aired on WMGK-FM.  "The housing market may be bottoming, but concerns remain. Waiting sellers may flood the markets and overwhelm a weak rebound. As mortgage rates reset higher, more Americans may be unable to afford their homes," Becher said.

"Millions owe more than their house is worth; this won’t change unless prices rise dramatically. While encouraging signs exist in the housing market, we are not out of the water yet."

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Agenda-August 28th, 2009

In an article about the abrupt resignation this month of two directors on Hershey’s board over the creation of a risk committee, Ralph Walkling, executive director of the Center for Corporate Governance at LeBow College of Business, said he questions why the formation of a separate committee would have inhibited the full board from entertaining the acquisition or sale of the company anyway.

“In general, on a typical board, just because you appoint a subcommittee to look at a particular issue does not mean you have relieved the full board of its responsibilities. The board still has oversight, and the subcommittee would still report to the full board,” he says.

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Forbes-August 26th, 2009

A recent Forbes article entitled "How to Start a Business From Your Dorm Room" features Baiada Center for Entrepreneurship executive director Mark Loschiavo and LeBow College sophomore and CEO of 3SecondReceipts LLC Bradley Ericson. Ericson is currently a contender for Entrepreneur magazine's "College Entrepreneur of the Year" contest.

"One of the first things that I do is ask students why they want to be an entrepreneur. Over the last five years, fewer and fewer of them say that they want to get rich, and more say 'I want to make a difference,'" Loschiavo says. 

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The Toilet Paper Entrepreneur-August 24th, 2009
Donna De Carolis, Ph.D., associate dean for strategic initiatives, commented in an article on The Toilet Paper Entrepreneur blog entitled "Women Entrepreneurs, Why They Are Taking the Lead." De Carolis says, "In a networked economy, which is what we are evolving into, women entrepreneurs possess the innate collaborative and communication skills that lead to success in building a business. Women get the balance between collaboration and competition; and entrepreneurs in today’s environment need both. In addition, the essence of effective communication is being open and authentic; women are more prone to allow vulnerabilities to show through, engendering trust."
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The New York Times-August 18th, 2009
A New York Times Dealbook article references a research paper co-authored by associate professor of finance and Center for Corporate Governance Fellow David Becher, Ph.D.
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The Associated Press-August 15th, 2009

LeBow College of Business Dean George Tsetsekos, Ph.D., commented in an AP story about Kenneth Feinberg, the Obama administration's so-called 'pay czar.'

"He needs to find a way to review those executive compensation packages from the perspective of the long-term and this is very, very difficult for an outsider," said Dean Tsetsekos. This article was picked up by more than 600 media outlets.

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Philadelphia Business Journal-August 7th, 2009
Timothy Ericson bikes two miles to work each day. Soon you will be biking to work, too. At least that is the hope at CityRyde, a fledgling outfit that supports the growing “bike share” industry. Strong in Europe and expanding here at home, bike share offers urbanites a way to make short-term use of bicycles from a common pool, for a member fee that typically runs about $50 a year. A nice idea, but generally not profitable, according to Ericson, who founded CityRyde with Jason Meinzer, a classmate from Drexel University's LeBow College of Business. With consulting services and an emerging software product, the partners and their two full-time employees are helping bike-share firms develop and implement pragmatic business models.
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Philadelphia Business Journal -August 7th, 2009
David Becher, a fellow at Drexel University's LeBow College of Business Center for Corporate Governance and associate professor of finance, commented on an article about the sale of Harleysville National Corp. to Buffalo’s First Niagara Financial Corp. Becher said that depending on the issues involved and how a bank responds, a regulatory action could spell certain death. “If a bank is ordered to raise cash, that could be impossible for some,” Becher said. “But they can change board members or executives and improve the lending portfolio.”
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Healthcare Finance News-August 6th, 2009

Kerry Anne McGeary, assistant professor of economics at Drexel University’s LeBow College of Business, says the current version of the health care reform bill in the House of Representatives will raise health care spending to 20 percent GDP more quickly than the proposed date of 2017. The health care reform bill, as currently proposed, offers major investments in one of our largest industries.

“Roughly 17 percent of our annual GDP is spent on the healthcare industry. Without these proposed entrants, our healthcare spending was projected to increase to 20 percent of the nation’s GDP by 2017; however if the bill is passed, it is likely our healthcare spending will reach 20 percent of GDP much before 2017.”

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Reuters-August 4th, 2009

LeBow College professor of finance David Becher was quoted in a Reuters article about problems at Huron Consulting Group Inc., a global consulting company that rose from the ashes of destroyed accounting firm Arthur Andersen. This story was picked up by many media outlets, including Forbes, The New York Times, MSN Money, and BusinessWeek.

The scandal could turn out to be a misunderstanding or a "colossal mistake," said Becher, who is also a fellow at LeBow's Center for Corporate Governance. But the fact that senior Huron executives resigned may lead to concerns that executives were trying to manipulate earnings by making it seem like they paid less then they really did for the companies they acquired, he said. "They bill themselves as (experts who) help people get through these difficult regulatory environment post-Sarbanes Oxley," said Becher, in reference to the corporate governance and accounting law passed after the Enron scandal. "You'd think they would know."

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The Bottom Line-August 1st, 2009

David Campbell, Ph.D., head of LeBow College's Accounting department, was quoted in an article about IFRS in The Bottom Line. “From my perspective, the FASB’s codification is a significant development for both U.S. practicing professionals and academics," said Campbell.

"Having the standards categorized by topical area will expedite efficient transaction analysis by both preparers and auditors. From an educational perspective, the codification will enhance the integration of transactional analysis into the financial reporting curriculum at colleges and universities.”

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KYW News Radio-July 25th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., discussed patents, trademarks, and copyrights during her business commentary that ran on July 25. De Carolis said “Most innovations are eventually copied by competitors, but it’s still important to protect whatever rights you have to your innovation from the get-go,” she said.

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Philadelphia Business Journal-July 24th, 2009

Edward Nelling, Ph.D., a fellow at LeBow College's Center for Corporate Governance, commented in a recent article on inflation. “The probability of facing inflation is higher than it has been in the recent past, so it is something that investors should perhaps consider,” said Nelling.

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The Boston Herald-July 24th, 2009

Dr. Ralph A. Walkling, executive director of Drexel University's LeBow College of Business Center for Corporate Governance, commented in a recent article about the call for Harvard University President Drew Faust, who earns nearly $700,000 in salary and benefits and lives in a Harvard-owned home, to share in the pain unleashed by a 30 percent drop in the school’s endowment. Walkling said that while a Faust pay cut would be an important symbolic gesture, it has to be weighed against other factors. “There is intense competition in academia for talent,” Walkling said. “Like businesses, we try to hire the best and the brightest, and that takes money. . . . Frankly, $700,000 is not an outrageous amount at all.”

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The Philadelphia Inquirer-July 22nd, 2009
Dr. Ralph A. Walkling, executive director of Drexel University's LeBow College of Business Center for Corporate Governance, commented on NRG's recent director election in a Philadelphia Inquirer article. The vote was actually close by corporate democratic standards, where directors typically receive 94 percent, said Dr. Walkling. "I think there's some dissatisfaction expressed in those votes," he said.
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KYW News Radio-July 18th, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., discussed how creativity is important to innovation, sales, and profits during a recent business commentary on KYW News Radio, which ran Saturday, July 18. De Carolis also said that some autonomy is important for creativity.
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Forbes.com and MSNBC.com-July 17th, 2009

Dr. Ralph Walkling, executive director of the Center for Corporate Governance at Drexel University's LeBow College of Business, says that corporate boards should closely monitor shareholder votes, as director performance, firm performance and corporate governance are all reflected in these votes. "Boards need to be conscious of the fact that director elections do signal shareholder concerns about the firm and the way it is governed, even if on average, votes for directors are high," Walkling says.

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KYW News Radio-July 11th, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., discussed how to handle negative press during her business commentary that ran on Saturday, July 11, 2009. De Carolis says "the worst thing you can do is give into a knee-jerk reaction." Rather, take time to process what has happened and carefully plan a response that incorporates your company's core values.
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KYW News Radio-July 11th, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., discussed how to handle negative press during her business commentary that ran on Saturday, July 11. De Carolis said “the worst thing you can do is give into a knee-jerk reaction. Rather, take time to process what has happened and carefully plan a response that incorporates your company’s core values.”
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The Scranton Times -July 5th, 2009
The dying concept of spending an entire career with one employer, rollbacks in corporate hiring, expansion of individually owned 401(k) retirement plans and technological advances spark entrepreneurial activity even in recessions, said Mark Loschiavo, executive director of the Baiada Center for Entrepreneurship Technology at Drexel University in Philadelphia. "The risk equation is changed in terms of job security," Loschiavo said. "You're faced with challenges every step of the way. Most entrepreneurs have a strong internal locus of control."
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KYW News Radio-July 4th, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., discussed the essential pieces of a good elevator pitch during her business commentary on KYW News Radio, which ran Saturday, July 4, 2009. Among the essentials, De Carolis said, are: describing the market need, being clear about what your market segment and size is, why your customer would buy this product, and what differentiates your product. And De Carolis says, make your pitch with passion!
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The Triangle-July 3rd, 2009
The Baiada Center for Entrepreneurship held their annual Business Incubator Competition June 4, in which startup businesses compete for funds and a designated space in the Baiada Business Incubator. Stabiliz Orthopedics, a company designing a new fracture fixation device to help trauma patients, won first place in the event. Stabiliz is made up of Doug Cerynik, CEO; Michael Adelizzi, CTO; Brad Grossman, COO; and Mark Seltzer, CFO. All four members are MBA candidates studying business administration in the LeBow College of Business.
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Bloomberg News-June 30th, 2009
Companies recruiting celebrities to their board often are seeking to burnish their image, said David Becher, associate finance professor at Drexel University in Philadelphia. “If I’m a firm that needs to raise money, a star may help you because of their public profile,” he said. “If a defense company is trying to get an Army or Navy contract, what better person is there than a retired general who has government contacts?”
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The Philadelphia Inquirer-June 29th, 2009

While they're not ignoring the recession, "I don't see them moping around," Baiada Center for Entrepreneurship director Mark Loschiavo said of denizens of the incubator. "From the entrepreneurs' perspective, they see the economy as just one of the many variables that they have to deal with, ... one more challenge to overcome," the director said.

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KYW News Radio-June 27th, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed how a little bit of narcissism can be helpful to one's leadership ability, but too much can doom it, during her business commentary on KYW News Radio, which ran Saturday, June 27, 2009.    
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Philadelphia Business Journal-June 25th, 2009

A medical-device company took home the top prize in this year’s Baiada Incubator Competition. Stabiliz Orthopaedics, which has developed a fracture-fixation device for trauma patients, will receive $12,000 in seed money, more than $35,000 in in-kind support, and space in the incubator run by the Laurence A. Baiada Center for Entrepreneurship. The center is part of Drexel University’s LeBow College of Business. It announced the competition winners at its annual Entrepreneur Conference, which was held at World Café Live last week.

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Philadelphia Inquirer-June 24th, 2009

The team of students behind Stabiliz Orthopaedics won Drexel University’s 10th annual Baiada Incubator Competition earlier this month. The medical-device maker gets rent-free space in the campus business incubator for a year, $12,000 in seed capital, and $35,000 in in-kind support, such as legal advice and brand positioning.

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Yahoo-June 20th, 2009
In an article entitled "7 Things Every Woman Should Know About Obama's Health Care Plan," Kerry Anne McGeary Ph.D., assistant professor of economics, said that because preventive care and public health initiatives are a major component of this proposed reform, underinsurance would likely become less of an issue.
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Sacramento Business Journal-June 19th, 2009
A team of five Drexel University LeBow College of Business LEAD MBA in Sacramento students argued drug company marketing tactics in a national ethics competition Saturday. The group was one of four finalists in the annual Marketing Ethics Case Competition, which was sponsored by LeBow College. Sacramento students Ryan Baker, Kyle Glankler, Kenneth Harms, Hai Nguyen, and Sarah Standiford — considered a case study on a pharmaceutical company drug launch.
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Bucks County Courier Times-June 19th, 2009
In an article entitled "Could Gas Situations Happen Again," Shawkat Hammoudeh, Ph.D., professor of economics, said he feared that eventually gas-supply problems would return. "I see shortages coming," he said. "We have to work on green energy. The only way the world will survive is by finding alternative energy sources, and I think we're on the right path."
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The Philadelphia Inquirer-June 12th, 2009

Shawkat Hammoudeh, professor of economics and international business at Drexel University's LeBow College of Business, says the perception is that even though U.S. unemployment reached 9.4 percent in May and home values remain depressed, there are rumblings of a recovery. "The oil prices are getting clues from the stock market about recovery, and the stock market usually predicts recovery within five months," Hammoudeh said. "According to the stock market, we should have a recovery starting in September."

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The Triangle-June 5th, 2009
The LeBow College of Business held an opening reception for its new Center of Excellence, the Center for Corporate Reputation Management, the first interdisciplinary one of its kind in a United States academic institution.The center opened June 1 and will begin hosting activities in the fall, according to Elliot Schreiber, clinical professor of marketing in the College of Business and executive director of the center. A number of programs are being considered, including events to enhance students' co-op experience and ways to obtain research money for graduate students.
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Philadelphia Business Journal-June 5th, 2009

Donna DeCarolis, Ph.D., associate dean of strategic initiatives at Drexel University’s LeBow College of Business, said credit cards have been the most popular option for small businesses. But two-thirds of small business owners have reported major rate increases and 41 percent said their credit lines were reduced in the past year, according to a recent study from the National Small Business Association. A Federal Reserve study shows that 41 percent of banks tightened credit in the past year and 70 percent raised interest on credit loans. “These [small businesses] are angry,” DeCarolis said. “They are good customers who pay their minimum balance. But the other side of things is that Advanta needs to stay afloat.”

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The Triangle-June 5th, 2009

Several Drexel University graduate programs and schools improved their rank in the U.S. News and World Report's "America's Best Graduate Schools." Drexel's LeBow College of Business was ranked 89 in the report. Teck-Kah Lim, associate vice provost for graduate studies, said excluding Master of Business Administration programs, the graduate programs were ranked based on peer assessment and not backed up by data. "There are no quantitative measurements, like graduation rate or student enrollment. [The rankings] are based exclusively on peer assessments," Lim said.

Lim said these are "gut feelings," which makes the rankings harder to accept. The U.S. News and World Report Web site states the MBA program rankings are based on several factors in addition to peer assessment, including student selectivity and mean starting salary.

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Forbes.com-June 3rd, 2009
Drexel's LeBow College of Business will soon be home to the first Center for Corporate Reputation Management at a U.S. university. With an official launch planned for fall 2009, the Center will get off the ground with its first advisory council meeting today, June 1, 2009. Under the direction of Elliot Schreiber, Ph.D., the Center will actively engage the global business community to identify best practices in reputation, encourage interdisciplinary knowledge sharing and research in reputation, and address how reputation enhances business objectives of organizations. Reputation management is a relatively new area for academic research. There is no single discipline that holds exclusive 'claim' to the area, as reputation research can be found in virtually every area of business including marketing, management, economics, and accounting and financial management. Reputation management is also studied in communications, sociology, political science and cultural studies, among others.
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Business Wire-June 1st, 2009

PHILADELPHIA--(BUSINESS WIRE)--Drexel’s LeBow College of Business will soon be home to the first Center for Corporate Reputation Management at a U.S. university. With an official launch planned for fall 2009, the Center will get off the ground with its first advisory council meeting today, June 1, 2009. Under the direction of Elliot Schreiber, Ph.D., the Center will actively engage the global business community to identify best practices in reputation, encourage interdisciplinary knowledge sharing and research in reputation, and address how reputation enhances business objectives of organizations.

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WHYY News Radio-June 1st, 2009

Paul Jensen, Ph.D., associate professor of economics, spoke about the ramifications of GM's bankruptcy on WHYY News Radio. "Bankruptcy could pay off for consumers," Jensen said, adding that it could lead to better products at lower prices.

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CNBC.com-June 1st, 2009

Dow Jones announced that Cisco and Travelers will be replacing GM and Citigroup on the Dow as of next week. As of late this morning, the two new components are both up over 4 percent.  Often when a company is added to a major index, it sees a lift in its share price both from the publicity as well as from the need for tracking funds to buy the new components.  But is there an arbitrage play to profit even more? Eliezer Fich, Ph.D., associate professor of finance at Drexel University's LeBow College of Business, says he believes there is.

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KYW News Radio-May 30th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed the increasing decision small business have to make regarding health coverage for their employees. Increasing costs of healthcare premiums and decreasing sales in the economy is forcing small businesses to either drop health coverage or lay off workers. 10% of small businesses are considering eliminating health care coverage this year compared to 3% percent in 2005. There are ways of reducing healthcare costs for small businesses such as cost sharing with employees, requiring generic drugs to fill prescriptions and shopping around for competitive insurance prices.

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Business Wire-May 28th, 2009

American Water Works Company, Inc, the largest investor-owned U.S. water and wastewater utility company, announced today that its senior vice president and CFO, Ellen Wolf, has been named a finalist in the Philadelphia Business Journal’s 2009 CFO of the Year Award Program. The CFO of the Year finalists will be recognized and the winners will be ranked during an awards ceremony and lunch on July 9, 2009 at the Sheraton City Center Hotel in Philadelphia. The CFO of the Year Awards is a program of the Philadelphia Business Journal, and is presented by Marsh, with support from Drexel University’s LeBow College of Business. For more information on the program, please visit www.bizjournals.com/philadelphia.

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Toiletpaperentrepreneur.com-May 28th, 2009

Mark Loschiavo, Director of the Baiada Center, was featured in the article "31 Ways To Get Inspired" found on Toiletpaperentrepreneur.com. He was listed under #7, Tips From The Best, where he recommends a book and a video that will help entrepreneurs gain inspiration.

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Entrepreneur Magazine-May 27th, 2009

While studying abroad in Paris during his junior year at Drexel University, Timothy Ericson was impressed by the environmentally friendly bicycle-sharing system he encountered. After doing some research, Ericson learned that the program had 20,600 bicycles, 1,451 stations and more than 42 million users, and he saw an opportunity to take the concept back home and make some money while promoting a healthier environment. “Hopping on a bicycle to go to school and work would be a great convenience for me,” says Ericson, 23. “But beyond the convenience factor, this system reduces carbon emissions, which is something I believe in strongly.”

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The Philadelphia Inquirer-May 24th, 2009

A Drexel connection also helped princetongreen.org land a Florida residential developer as a client. Jay C. Lewis, president and founder of Surrey Homes near Orlando, had gone through the Drexel M.B.A. program with Ulshafer. After 10 years working around here for Ryan Homes, Lewis headed to Florida to start his own home-building company in January 2007. He kept in touch with Ulshafer.

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KYW News Radio-May 23rd, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., business commentary covered alternative approaches to leadership. New research suggests that a willingness to share ones weaknesses is an excellent attribute that contributes to leadership since by sharing your flaws with coworkers it gives them a sense of trust and solidarity. The key to this alternative approach is to reveal selective weaknesses such as being a workaholic and not ones that will be taken as a fatal flaw.

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Philly.com-May 21st, 2009

Former Flyers tough guy Eddie Hospodar hasn't played hockey in 20 years, but this spring he collected his greatest assist. Driving to the Palestra for the St. Joe's-Temple game, his father, John, made a passing remark that one of his regrets in life was not finishing his master's degree at Drexel. John Hospodar, now 85, had worked at Campbell's in Camden and was transferred to Ohio in 1957 just short of completing his degree. Eddie Hospodar had no idea his father even attended Drexel. He called the school to see if Dad could resume his schoolwork and eventually met with George Tsetsekos, dean of Drexel's LeBow College of Business

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Middle East Economic Survey-May 18th, 2009

In a commentary for Middle East Economic Survey, Shawkat Hammoudeh writes: They say crocuses are the early signs of spring. They bloom before the daffodils, tulips and certainly roses do, and while the weather is still cold. When such a metaphor is applied to the U.S. economy, some people are now referring to what I call economic crocuses as the ‘green shoots’ or ‘mustard seeds’ of the economic recovery. Admittedly, when I wrote a first version of this post in March,  I said that it was premature to talk about an early recovery in the US economy, but now in May the situation has strengthened and reinforced the theme of the first version, pointing to a faster than expected modest recovery in the coming months. I believe now that there are stronger early economic signs which signal that the U.S. recession has bottomed out.

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KYW News Radio-May 16th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis', Ph.D., business commentary covered the role venture capitalists play in international strategies. Dr. DeCarolis mentioned that in a study of high tech companies that underwent an IPO, researchers investigated whether the international experience of a venture capitalist on the board of a new venture was related to the company going global. The results showed that companies that have venture capitalists with international experience tend to go global. Other companies that have the potential of expanding abroad are more likely to go global if company management has international experience.  

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The Placer Herald-May 13th, 2009

Dr. George Tsetsekos, Dean of Drexel University’s LeBow College of Business, was the guest speaker at a May 5 luncheon attended by approximately 100 business and community leaders at Whitney Oaks Country Club in Rocklin. Sponsored by Granite Community Bank, the luncheons are designed to keep area leaders informed on a number of fronts. Tsetsekos provided his assessment of the economy and offered some positive signs that were encouraging. Pictured with Tsetsekos are David Kaiser, President and CEO of Granite Community Bank, center, and Tobey Oxholm, Dean and CEO of Drexel University’s new Center for Graduate Studies in Sacramento.

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KYW News Radio-May 9th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., did a business commentary covering office communication and how email, instant messaging, cell phones and texting are supposed to facilitate communication within an office but instead are causing communication breakdowns. Different generations use different methods of communication, boomers prefer email and cell phones and face to face communication. Generation Y prefer instant messaging, email and cell phones while Generation X prefer cell phones and texting and avoid emailing. This causes disparity in the workplace since everyone might not be using the same means of communication. Companies are now setting rules of communication when sending out messages establishing what methods are appropriate for different situations.

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KYW News Radio-May 2nd, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed self efficacy and overconfidence in entrepreneurs and how this can lead to a decrease in performance for a new company, for her business commentary. Self efficacy and overconfidence are main factors in deciding to start a business and normally is assumed will lead to better performance but research have shown that it is the opposite. This is commonly seen in industries that are dynamic and uncertain since entrepreneurs have unrealistic assessments and expectations of what they can accomplish and the outcomes they expect to gain. Entrepreneurs in ambiguous situations need to be more cautious than usual with their behavior and strategies.
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Nasdaq.com-April 30th, 2009
PHILADELPHIA -(Dow Jones)- There should be a market mechanism, not dependence on regulators, to address the problem of banks being "too big to fail," said William Poole, former president of the Federal Reserve Bank of St. Louis and senior fellow at the Cato Institute. Speaking Thursday at a conference organized by the Global Interdependence Center and Drexel University's LeBow College of Business, Poole said there must be creditors - not just stock holders - that are at some risk of loss.
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Philly.com-April 27th, 2009
William Poole, former president of the Federal Reserve Bank of St. Louis, will give the keynote address for the 27th annual Monetary and Trade Conference at Drexel University Thursday at 11:15 a.m. His topic will be “Saying Good-bye to Too Big to Fail,” referring to the phrase we’ve all heard far too often over the last year. The conference, which is jointly sponsored by the Global Interdependence Center and Drexel’s LeBow College of Business, will present several other speeches with suitably gloomy titles, such as “Searching for a Bottom” and “Creative Destruction in the Banking Industry: What’s Left and What’s Next.”
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Fox Business-April 26th, 2009

Erik Benrud, Ph.D., has been named Curriculum Director of IIExamPrep, the suite of self-study products for the Chartered Alternative Investment Analyst examinations, produced by Institutional Investor, Inc. Dr. Benrud is Associate Clinical Professor of Finance at the LeBow College of Business at Drexel University in Philadelphia. "We are very pleased to welcome Dr. Erik Benrud as he is very familiar with the CAIA study materials, having earned the CAIA designation recently. He also has extensive experience in writing exam preparatory materials and his own research interests are in alternative investments," said Allison Adams, publisher of Institutional Investor Journals and IIExamPrep.

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KYW News Radio-April 25th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis', Ph.D., business commentary covered outsourcing for entrepreneurs involved with new ventures. Outsourcing has its pros and cons such as allowing a professional to do their part in an area that might not be your strongest. This might be more expensive at first but in the long run it’s better to have a professional do it right the first time. On the other end entrepreneurs might want to have more control over such duties as design and public relations to ensure quality and strategic consistency. The important aspect of outsourcing is finding the balance that will give you a competitive edge to boost your business to the next level.

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The Bottom Line-April 23rd, 2009

Dr. David Campbell, department head and professor of accounting, was featured in an article in The Bottom Line titled "Many in U.S. still have IFRS fears." Dr. Campbell discussed how businesses are reluctant to switch over to IFRS since the SEC is discussing a possible extension to the 2011 implementation of IFRS. Even though the switch is inevitable there is no rush for early adoption, this means that 1,100 foreign SEC registrants no longer have to reconcile the IFRS financial statements to U.S. GAAP statements said Campbell.

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GreekNews.com-April 20th, 2009

LeBow College of Business Dean George Tsetsekos, Ph.D., received the Hellenic Heritage Achievement Award for his outstanding achievements, and innovation strategies in education. Upon receiving his award, Mr. Tstsekos said, "It's always wonderful to be recognized for professional achievements, but being recognized by an organization connected to my heritage is something very special to me. Today it is estimated that more than three thousand academics of Hellenic heritage are involved in education and various roles at universities across the United States. They are part of the intellectual fabric of this great country. The Greek ideals of freedom and democracy provided the foundation upon which the West was built. It is in these challenging times it is with honor and distinction that Greek American faculties exemplify our Hellenic ideals in continuing the path of our ancestors to enrich the lives of generations to come."  

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KYW News Radio-April 18th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed how rude employees and bad behavior affect small businesses for her business commentary. Information from a recent study of managers and employees across industries suggests that behavior is costly to the firm as a whole. Employees who are victims of toxic behavior reported a decrease in commitment to the company and performance since they spend time worrying about co-worker's behavior. “Managers should not tolerate or ignore rude behavior. Appropriate social behavior should be part of performance evaluations. Offenders should be warned and reprimanded and if all else fails dismissed."

 

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KYW News Radio-April 11th, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis', Ph.D., business commentary covered lowering price to attract or retain customers. She started by mentioning the three components of the customer relationship, price, service and quality, and how crucial they are in making this decision since by lowering one you might be lowering another . If lowering the price is not an option she recommended business owners to show how their product is different, better and how it contributes to the customers bottom line and goals. Competitors also may lower their price which requires owners to show how their product adds more value and is different than the rest.
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USnews.com-April 6th, 2009
U.S. News and World Report picked up the story "When to Lower Your Price Point" published in Entrepreneur.com for their website USnews.com. The story included a section provided by the Director of The Baiada Center, Mark Loschiavo, on price changes.
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KYW News Radio-April 4th, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., discussed for her business commentary how entrepreneurs should handle stress especially now in times of an economic downturn. The main thing to avoid is cognitive distortions where people emphasize the negative and ignore the positive. Instead entrepreneurs should always remember that they are in control and should write down short and long term plans of action since writing will help clarify thoughts. Staying in touch with business associates, family and friends also helps to control stress since they keep you grounded and give you a different perspective on things.
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Philadelphia Business Journal-March 27th, 2009

In an article entitled "Bonuses for Top Universal Health Services Executives Top $5 Million," Ralph Walkling, Ph.D., Stratakis Chair in Corporate Governance and Accountability at Drexel University's LeBow College of Business and Executive Director of the College's Center for Corporate Governance, said he does not believe bonuses should be eliminated altogether. Companies just have to be very careful [that bonuses] don't amount to gifts to executives at the expense of the shareholders, he said. Walking said shifting away from cash bonuses in favor of stock options, a strategy popular in the 1990s, has its own risks of executives trying to manipulate a company's stock price through fraudulent means. Bonuses are an important part of compensation, but they are coming under increasing scrutiny, he said.

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Cloud Computing Journal-March 26th, 2009

Erik Benrud has been named Curriculum Director of the suite of self-study products for the Chartered Alternative Investment Analyst examinations, produced by Institutional Investor, Inc. Dr. Benrud is Associate Clinical Professor of Finance at the LeBow College of Business at Drexel University in Philadelphia. "We are very pleased to welcome Dr. Erik Benrud, as he is very familiar with the study materials, having earned the designation recently. He also has extensive experience in writing exam preparatory materials and his own research interests are in alternative investments," said Allison Adams, publisher of Institutional Investor Journals and IIExamPrep.

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Alibaba.com-March 25th, 2009

Mark Loschiavo, senior executive in residence and executive director of the Baiada Center at Drexel University's LeBow College of Business, has pinpointed the following four questions as the most important to consider when thinking about a price change. Are you offering something your customers need?, Are you offering an affordable luxury?, Are you offering something that can help your customers weather the recession?, Are you decidedly better than your competition?

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KYW News Radio-March 21st, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D. shared information on her business commentary about where entrepreneurs can get advice, meet other entreprenuers or do networking to discuss the problems and challenges entrepreneurs face. She suggests entreprenuers should seek help and support since going it alone is normally not the best way to handle problems. Empowerment-group.org, phillypreneurs.com, phillystartupleaders.org and founderfactory.com were recommended for entrepreneurs in Philadelphia.
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Entrepreneur Magazine-March 19th, 2009
Mark Loschiavo, senior executive in residence and executive director of the Baiada Center at Drexel University's LeBow College of Business, has pinpointed the following four questions as the most important to consider when thinking about a price change. Are you offering something your customers need? If not, you may need to drop prices to get a percentage of the customer's wallet. During recessions, must-haves almost always trump nice-to-haves. Are you offering an affordable luxury? During a recession, most consumers may still be willing to indulge a little.
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Smart Money-March 17th, 2009

If the company’s net income from operations (typically, the bottom line on a company's income statement) is close to zero, the company is operating very close to “break-even,” meaning its expenses are roughly equal to its revenue and little to no profit is being made, says George Tsetsekos, Ph.D., Dean of Drexel University's LeBow College of Business. That puts the company in a precarious situation: Should it lose a big order or experience less demand overall for its products, the resulting drop in revenue could push the company's bottom line into the red. If the net income figure is in brackets that means the company is already losing money. Either way, it's not a good sign.

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KYW News Radio-March 14th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D. commented on government funding of entrepreneurial ventures as part of the economic stimulus package. She believes part of the package should focus on new ventures since small companies pay 45% of private payroll and have created more than half of the new jobs over the past decade.

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The Triangle-March 13th, 2009
BusinessWeek's 2009 Best Undergraduate Business Schools ranking placed the LeBow College of Business 38th among private colleges and universities in the nation and rated LeBow's undergraduate programs an 'A' for job placement."We are a very good quality business school and we are at the top of the best worldwide known business schools because there's only 550 accredited schools, so if you are among 38 then you have a distinguished of education and the college and its programs," George Tsetsekos, dean of the LeBow College of Business, said.
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The Triangle-March 13th, 2009
The National Organization for Business and Engineering Society, Drexel Smart House and the Drexel Entrepreneur Association held The 21st Century Entrepreneur event to showcase what it takes to become an entrepreneur in today's society."[The event] was to cover an area of entrepreneurship that differs from what students are exposed to in class - to really show the new-world entrepreneur," Zachary Howitt, president of NOBE, said.
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The Hellenic News of America-March 12th, 2009

PHILADELPHIA (March 9, 2009)-Drexel University LeBow College of Business Dean George Tsetsekos, a native of Naflpion, Greece, will be honored with the American Hellenic Institute's 2009 Hellenic Heritage Achievement Award for his outstanding achievements and innovative strategies in education. Tsetsekos will receive the award at a celebration on March 14 at the Capital Hilton in Washington D.C. ABC's George Stephanopoulos, chief Washington correspondent and host of This Week, will serve as master of ceremonies for the celebration."My colleague and friend George Tsetsekos is highly deserving of this prestigious award," said Drexel President Constantine Papadakis. "As dean, he has advanced our business college, its programs and curriculum to better prepare graduates for the global business world with a solid education well grounded in leadership and entrepreneurship."

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KYW News Radio-March 7th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis', Ph.D., Business Commentary covered the importance the name of a company plays and the benefits that it brings when branding as well as the importance of trademarks for protection.

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E-School News-March 6th, 2009
Erik Poole, director of instructional technology at Drexel University's LeBow College of Business in Philadelphia, said podcasts have been most useful for adult students who can watch lectures while traveling or working. But just like students who don't remain focused in the classroom, watching podcasts without taking notes and paying attention will leave students unprepared for quizzes and tests, he said. "The big key is the ability to capture that knowledge and the content from the faculty member," Poole said. "Technology is just a tool, and it can only really enable students to do better if they utilize it properly. ... They still need to put the work in."
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Jewish Exponent-March 5th, 2009
Take me to your leader! Well, that would be David L. Cohen (center), exec veepee of Comcast Corp., named Drexel University LeBow College of Business 2008 Business Leader of the Year. Making it their business to fete him are George P. Tsetsekos, Ph.D. (left), R. John Chapel Jr., dean's chair in leadership, LeBow College of Business; and Drexel prexy Constantine Papadakis, Ph.D.
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Greek News-March 2nd, 2009
Washington, DC-The American Hellenic Institute (AHI) is set to celebrate the accomplishments of a select group of Greek American communityʼs finest this year at its 34th Anniversary Hellenic Heritage Achievement and National Public Service Awards Dinner in Washington, D.C. on March 14, 2009 at a gala at the Capital Hilton (1001 16th Street NW). The black-tie event begins with a 5:30 p.m. reception and silent auction, followed by a dinner and awards ceremony starting at 6:30 p.m.
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Middle East Economic Survey-March 2nd, 2009
Shawkat Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.   Quantitative easing (QE) is an economic tool that is aimed at getting more out of a tired monetary policy in an interest rate environment that is zero-bound. It primarily targets the quantity of money instead of the interest rate, when the economy is in a 'liquidity trap' - that is, when the interest rate is very low and lowering it further will not stimulate economic activity.   In this article, I compare Japanese and American QE in terms of objectives, tools and duration. The Bank of Japan (BOJ) pursed QE in the period 2001-06, while the US Federal Reserve has embarked on QE since September 2008. I will also discuss whether Japan has embarked on QE since October 2008, but using the American model this time, and whether the Fed is undertaking another round of QE to fight deflation.
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KYW News Radio-February 28th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., covered working from home for her Business Commentary on KYW News Radio. She spoke about the pros and cons, and how to overcome the draw backs that come with working from home such as decreased motivation.

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Philadelphia Business Journal-February 27th, 2009
The business model for PhindMe grew out of the partners' entry into a Lebow College of Business competition. Those who have watched the two in action give PhindMe a good chance of success. "They don't just have a sense of the product," said Mark Loschiavo, executive director of the Baiada Center. "They have an understanding of distribution strategies, a sense for how to acquire customers, how to build a business around it."
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Business Wire-February 25th, 2009
Laudenslager has been with Mid Penn Bank since 1985 in various capacities, ranging from Director of Training, Vice President and Assistant Comptroller, to his current role of CFO, which he assumed in 1998. He completed the Pennsylvania Bankers Association's Executive Leadership Certificate in 2007. He holds an M.B.A. from LeBow College of Business at Drexel University and previously attended Bucknell and Penn State Universities. Laudenslager has also conducted international studies at Grenoble Ecole de Management, Grenoble, France and Université de Strasbourg, Strasbourg, France. Laudenslager resides in Harrisburg.
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University City Review-February 25th, 2009
CityRyde LLC, a public bike sharing consulting firm, was recently named "Green Business of the Year" by Fast Pitch. Owned and operated by three Drexel University entrepreneurs working out of the Laurence A. Baiada Center for Entrepreneurship, CityRyde strives to enable and maximize the environmental, economic, and social benefits of bicycle sharing. Drexel alumni James Perkins and Jason Meinzer and undergraduate business student Timothy Ericson founded CityRyde LLC in November of 2007. The idea for CityRyde was actually generated by Ericson while he was studying abroad in London and was spending a few days in Paris during the launch of the city's bike-sharing initiative. Innovative and forward-thinking, this start-up truly encompasses the entrepreneurial spirit of the LeBow College of Business.
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Pittsburgh Post Gazette-February 22nd, 2009
"Banks, regardless of whether or not they've gotten federal bailout money, have to recognize that the rules of engagement with the public have changed," said Drexel University marketing professor Elliot Schreiber, who specializes in corporate reputation management.
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KYW News Radio-February 21st, 2009
Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., spoke to KYW News Radio about Family owned businesses and their ability to respond quickly to external changes despite the perception that they are slower than others.
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Epoch Times-February 17th, 2009
According to the Associated Press the recent economic numbers released by the Chinese Communist Party (CCP) regime are suspicious. It noted that the slide of China’s economy is far worse than what was at first indicated. Although published Gross Domestic Product (GDP) numbers for the fourth quarter of last year were still growing at a rate of 0 to 1.5 percent, they hide the real economic situation in China.
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Metro-February 16th, 2009

Pursuing an MBA requires a significant investment of time and money. Take a businesslike approach to evaluating MBA programs so you'll get the best possible return on your investment ("ROI" in business-speak).

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The Triangle-February 13th, 2009
The IRS' Volunteer Income Tax Assistance, which was established at Drexel in 2005, is providing tax assistance at no cost to those in need."It gives students an opportunity to give back to the community [and] the IRS is so appreciative," faculty adviser for VITA and accounting professor Jane Kaplan said.This year 36 students have signed up to volunteer.
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KYW News Radio-February 13th, 2009

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., spoke to KYW News Radio about how aspects of the Obama administration’s stimulus package may help small businesses and new startups. She also said the stimulus “could be doing more” by temporarily suspending payroll taxes to stimulate business.

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Business Report-February 9th, 2009
Joseph Mason arrived at LSU's E.J. Ourso College of Business in July as the Hermann Moyse Jr./Louisiana Bankers Association Endowed Chair of Banking in the finance department. Mason has also proved to be popular with national news outlets seeking answers to their questions about the financial crisis. He's been quoted by Bloomberg, CNN, Christian Science Monitor, Fox Business News, MSNBC and National Public Radio. Mason, who left as an associate professor of finance at Drexel University's LeBow College of Business in Philadelphia to come to LSU, has addressed the Senate Banking Committee, the House of Representatives Financial Services Committee and the Federal Reserve Board and has advised the Government Accountability Office and Federal Deposit Insurance Corporation.
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The Triangle-February 6th, 2009

President Barack Obama warned of the nation entering a deep "crisis" Thursday in an op-ed piece in The Washington Post. This came as nominee to secretary of health and human services, Tom Daschle, withdrew his candidacy due to tax problems, according to a FOX News article.

George Tsetsekos, dean of LeBow College of Business, said he and his colleagues were working on addressing the economic stimulus package in classes and lectures and will discuss Congress's stimulus bill when it expected to pass next week.

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Philadelphia Business Journal-February 3rd, 2009
The Philadelphia Business Journal and Drexel University's LeBow College of Business proudly announce the 2009 CFO of the Year Awards. These awards will be given to financial professionals in the Delaware Valley for outstanding performance in their roles as corporate financial stewards.
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MLB.com-February 2nd, 2009
Who was the best or most influential executive in the history of "black baseball"? While people can rattle off the best Negro Leagues players and teams, most baseball fans would struggle to list the top executive. So as a tribute to those men and women, MLB.com explores the subject as part of its Black History Month coverage. Resick, who has studied leadership in baseball, saw a combination of factors that played a role in ensuring the viability of those franchises and black leagues. He pointed to work ethic, willingness to sacrifice for the greater good and strong organizational and communication skills as central characteristics of enlightened leadership.
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Philadelphia Business Journal -January 30th, 2009
This past summer the Business Journal and LeBow College of Business at Drexel University produced our first “CFO of the Year” program. It was our pleasure to celebrate finalists’ and winners’ achievements, honoring an often under-appreciated member of top management.
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The Triangle-January 23rd, 2009
Drexel will host Homecoming, a weekend that includes a series of events hosted by the various student organizations, according to Jennifer Kaus, director for Budgets and Administration for Student Life."We want to make sure students understand this is a student initiative, and administration got behind us a 100 percent," Ari Winkleman, marketing chair of the Traditions Program and sophomore business major, said.
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The Triangle-January 16th, 2009
The Lebow College of Business will launch a Ticker web site next week as an open, for students, by students site to display the campus events hosted by undergraduate business groups, according to Ari Winkleman, site founder and a sophomore majoring in business. The purpose of Ticker is to provide a web page where LeBow students can easily access up-to-date information about upcoming events and the student organizations sponsoring them, according to the web site.
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Marketwatch.com-January 8th, 2009
DSPCon, Inc., a leading, global supplier of data acquisition, analysis, archiving and recording solutions for high-value military, aerospace and rotating machinery applications, today announced that it has significantly strengthened its world-class engineering team with the appointment of Anatoly (Toly) Kotlarsky in the newly created role of director of engineering and the promotion of C. Peter Bandy to product development manager Mr. Kotlarsky received a bachelor's and master's degree in electrical engineering from Taganrog University of Radio and Technology in Russia and an executive MBA, with honors, from the LeBow College of Business, Drexel University.
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