As dean of the College of Business Administration (CBA), I am inviting you to reconnect with your College and join us on a serious, yet exciting, quest to become a top-SO business school by 2010.
As you already know, we've made progress toward this goal with the help of alumni and industry partners who believe in us. In 2001 we opened the Dynegy Trading Floor and established the Center for Risk Management and the Williams Institute for Quantitative Finance. We also benefited from a number of new scholarships and professorships.
While each of these is important in building a nationally ranked business school, we consider your decision to be an active alumnus most vital to our success. Your involvement could take any number of forms: You may wish to establish a professorship or graduate scholarship to attract top faculty and students, join the OSU Alumni Association, participate as an Associate or simply come and enjoy the CBA's Homecoming Open House next November.
In this magazine you will find articles on your College's latest accomplishments as well as a list of needed improvements for you to consider funding. (See page 5.) State assisted, rather than state supported, is the reality of higher education today. So, more than ever, your financial support is necessary to provide dynamic, high-quality programs that create tomorrow's business leaders.
We are looking to a new future that can only be successful if you are part of it.
DR. JAMES. R. LUMPKIN, DEAN and RICHARD W. POOLE PROFESSOR COLLEGE OF BUSINESS ADMINISTRATION
Honoring: Griff Jones, David Bradshaw, Ann Bradshaw and Bill Hobbs (Page 3)
Opening: Dynegy Trading Floor (Page 6)
Establishing: Williams Institute for Quantitative Finance (Page 7)
Giving: Bruce and Jennifer Yee establish an MBA scholarship (Page 12)
The College of Business Administration Magazine (Alumni/Development Issue) is published twice a year for the alumni and friends of the College of Business Administration at Oklahoma State University. Volume 7, Issue I, 2002.
COLLEGE OF BUSINESS ADMINISTRATION
Oklahoma State University
Stillwater, Oklahoma 74018-40 I I (405) 744-5064
osu-cba@okstate.edu
www.bus.okstate.edu
CBA Hall of Fame 2001
Gift Opportunities
Dynegy Trading Floor Opens
Cover Story: THE WILLIAMS INSTITUTE FOR QUANTITATIVE FINANCE
Williams (NYSE:WMB) partners with the College of BusinessAdministrationto establish the Williams Institute for Quantitative Finance.The Institute will support an area of increasingimportance in the business world- quantitative finance. Williams executives and CBAgraduates BillHobbs ('85) and GaryBelitz ('71), who are featured on the cover,helped present the $1.3millioncheck at a ceremony last August.
The Associates
New Endowed Professorships
Planned Giving
New Scholarships
Bagwell's Advice for New Graduates
The CBA Alumni Association
College Highlights
Dean, College of Business Administration
James R. Lumpkin Senior
BILLHOBBS
"Unusually Enlightened Executive"
"I really can't put it in words; I never thought I'd be standing here. I just want to recognize those who made it possible."
- Bill Hobbs, 2001 Inductee
Before College of Business Administration Hall of Fame inductee Bill Hobbs ('85) began his bachelor's degree in business administration at OSU, he was working in the basement of a bank in Tulsa. After completing his finance degree, the nontraditional, married student from Claremore worked his way up the ranks to become the president and CEO of Williams Energy Marketing and Trading Company.
His colleague Gary Belitz ('71) says, "Since Bill became the senior operating head, the operating results have grown from approximately $100 million to an estimated $1.3 billion for 2001. His business acumen and vision have helped Williams embrace an increasingly important understanding that 'risk' is a business concept that offers both challenges and opportunities."
That type of success conjures up images of a single-minded business executive. However, the guiding principle in Bill's personal
CBA Outstanding Young Alumni Award GRIFF JONES
This new award honors CBA graduates who have demonstrated outstanding qualities in their chosen fields early in their careers. With a degree in finance, Griff Jones ('91) joined Natural Gas Clearinghouse (now Dynegy, Inc.) as a gas supply analyst. He recently accepted a leadership role in Dynegy's telecommunications business as vice president of marketing and origination.
The Joneses also recently established the Griff and Mindi Jones Endowed Scholarship.-Mindi (OSU '91) says, "We remembered our college days and really just wanted to give a deserving student some help toward a solid education. The scholarship is our way of giving back to the College."
and professional life has always been a genuine caring for people. He measures his success by the success of those around him.
It is exactly that type of philosophy that helped to
BILL HOBBS is president and CEO of Williams Energy Marketing and Trading Company.
establish the Williams Institute for Quantitative Finance at OSU. (See related story,page 7.) When Bill heard that the College of Business Administration was developing the new masters in quantitative finance, he embraced the idea and took it a step further by forging a relationship between Williams and the CBA - a relationship in wq.ich both benefit.
Those he works with say Bill is a somewhat unusually enlightened executive. He returns phone calls, answers e-mail, listens to employees and treats all projects in the same careful and thoughtful manner.
Besides being active in the Tulsa Area United Way, Bill is a supporter of local youth sports programs and is a member of the board for PAZZAZ, Inc., a local performing arts association. He also helped pioneer Williams' diversity programs, including developing partnerships with area universities to attract career candidares with diverse backgrounds.
- Sherry Fletcher
GRIFF and MINDI JONE.S
Since 1964, the College of Business Administration Hall of Fame has inducted 72 people with various degrees, backgrounds and careers. However, 2001 saw the first brother-and-sister induction: Ann and David Bradshaw.
According to their parents, Stillwater residents Gerald ('49) and Jeanette
ANN and DAVIDBRADSHAW "Civic
Minded"
While his position is demanding, he impresses everyone with his honesty, humility and humanity. He also makes time to be actively involved in the Manhattan Council of the Boy Scouts of America.
Ann ('83 & '84 M.S.) is a tax partner and the director of state and local tax for Ernst • & Young's Gulf Coast Area. Based in Houston, she joined the Bradshaw, it comes as no surprise that Ann and .-----.---------,._ firm in 1984 and has served in the Oklahoma City, David are very successful in their chosen fields. As children watching their parents run the family insurance business, they learned responsibility, community involvement and the value of giving back to their community.
David, a finance graduate ('80) who recently joined the Deutsche Banc Alex Brown, began his career in business at age ten when he sold sodas during wrestling matches at Gallagher. From there, he went on to mowing lawns and baking brownies at Baskin Robbins before
DAVID BRADSHAW is a partner in Deutsche Banc Alex Brown in New York City.
ANN BRADSHAW is a partner in the Houston branch of Ernst & Young.
[ Kansas City and St. Louis offices of Ernst & Young.
She knew in the seventh grade that she was going to be an accountant. Ann was attracted to the profession because of its analytical nature.
While that was an early age to decide on a career, Ann credits her parents for encouraging her to pursue her many interests in life. In high school, she juggled sports and music as well as maintained a high grade point. While professionally attending OSU and completing his M.B.A. at Texas Tech University.
His career includes serving as vice president covering energy for Rauscher Pierce Refsnes in Da.llas, as managing director and senior energy analyst at PaineWebber Inc. in New York, as vice president and the exploration and production analyst at Donaldson, Lufkin and Jenrette in New York to his present position. Since 1990 he has been ranked among the top analysts on the prestigious All-American Research Team by Institutional Investor magazine.
she specialized in taxes, her well-rounded background, diverse educational foundation and committed involvement on various civic boards allow her to help businesses make better decisions.
- Sherry Fletcher
"This is an indescribablehonor!
More importantly, it's soberingto be welcomed among you in this way at this point in my career"
- David Bradshaw
2001 Inductee
"What an honor this is! This is the result of caringindividuals - people like my lJarents, teachers and other role models."
- Ann Bradshaw
2001 Inductee
The College of Business Administration Hall of Fame recognizes and honors business graduates who have distinguished themselves in their professional careers, displayed effective leadership, madf exemplary contributions to their communities and have freely given meritorious service to others.
W To nominate someone for the Hall of Fame or the Outstanding Young Alumni Award, contact us at (405) 744-8617, osu-cba@okstate.edu, or visit www.bus.okstate.edu.
College of BusinessAdministration
Your Support is Needed
State assisted, rather than state supported. This is the reality of higher education today. So more than ever, your support is vital in assisting the College of Business Administration to provide dynamic, high-quality programs that create tomorrow's business leaders. We are proud of our past; however, we are looking to the bold, new future - and we want you to be part of it.
- James Lumpkin, Dean, CollegeofBusinessAdministration
Pleaseconsidercontributingto the funds listed on this page. To make a gift, please use the provided envelope and indicate the area to which you are making the donation. Formore information, contact us at (405) 744-8617 or osu-cba@okstate.edu.
Architectural sketch of the "new" College of Business Administration Building, 1965
Dean's Emerging Priorities Fund
State assisted, rather than state supported. Our College can no longer depend on tuition increases to meet its budget. Annual, unrestricted gifts allow the leaders of the College to allocate resources to areas where the need is most significant or compelling. It gives us the tools we need to respond to tomorrow's unexpected challenges or opportunities. Gifts of any size will be appreciated.
Endowed Graduate Scholarships and Fellowships
You are invited to establish an endowed scholarship or fellowship to provide a continuing source of assistance for business majors. Endowments may be named in honor of the donor, faculty members or other special persons. Besides making a positive impact on a student's future, an endowment is an enduring tribute to the person being honored. The donor's name will also be engraved on a plaque in the Business Building. An endowed scholarship or fellowship may be established with a minimum gift of $10,000. (For related stories, see pages 11 and 12.)
CBA Career Placement Office Fund
Since 1996, the Career Placement Office has experience a 230 percent increase in the number of companies coming to OSU to recruit our business students. Last year alone, the one full-time and four part-time career professionals assisted more than 1,700 business students. With such phenomenal growth, the office has out grown its 9' x 14' space. You can help by providing funding for much-needed improvements in the following areas: facilities and furniture, personnel support and technology updates necessary to assist both students and employers. While naming opportunities are available, gifts of any size will be appreciated.
Academic Support for Business Graduate Programs
To achieve our vision of being ranked as one of the top 50 business schools in the country by 2010, it is crucial that we have financial support to recruit topnotch graduate students. A by-product of building st.ranger graduate and doctoral programs is the positive halo effect it will cast over our undergraduate programs. Gifts to this fund will support graduate programs in the following areas: infrastructure (personnel, research information resources and physical space), curriculum enhancements (case competitions), scholarships (research assistantships, summer research grants and professional conferences) and industry linkages (internship programs and corporate-sponsored research). While naming opportunities are available, gifts of any size will be appreciated.
Updating Faculty Offices in the Business Building
Our facilities send a clear signal to potential new faculty and students about the College's commitment to progress and success. Since the building was constructed in 1965, there have been no significant improvements. In fact, most of our faculty are using the original Steelcase desks and chairs. When we fail to demonstrate our commitment through_ our facilities, the choices of other universities are endless. Gifts to this fund will provide new furniture, paint, carpet and window treatments for our faculty offices. Gifts of any size will be appreciated. Offices will be named in honor of donors who make a gift of $7,500 to remodel an entire office. The donor's name will be engraved on a plaque outside the faculty office.
Grand Opening of Dynegy Trading Floor
Bringing the Excitement of Wall Street to Oklahoma!
The Dynegy Trading Floor brings the excitement of Wall Street to Oklahoma. The trading floor, one of only a few nationally, was made possible by a gift from Dynegy, a Houston-based energy and communications 'College of Business Administration provider.
Dedicated March 13, 2001, the floor's sophisticated design suggests the confetti environment of a trading pit or stockexchange floor. A large window in the Business Building's lobby allows visitors to watch the ticker, datawalls and multiple screens as students learn and gain valuable realworld experience.
Chuck Watson ('72), Dynegy's chairman and CEO, was featured last year in Time and as a cover story in Fortune.
- She7:ryFletcher
Innovative: While the electronic tickers, datawalls and workstations are dazzling, the true benefits of the facility include the "hands-on" educational experience.
Relevant: Media visits CBA financial experts in the wake of the September I I terrorist attacks.
Competitive edge: Students interact with executives in industry.
"Williams should be applauded for its vision, commitment and leadership. Partnerships like this encourage innovative academic programs and research initiatives."
-James Lumpkin, CBA Dean
TheWilliams Institute for Quantitative Finance
With a gift of $1.3 million from Williams (NYSE: WMB), the College of Business Administration (CBA) at OSU announced the establishment of the Williams Institute for Quantitative Finance.
The Williams Institute is a strategic partnering between the CBA and Williams, a Tulsa-based market leader in the energy industry. The Institute will support and enhance academicindustry collaboration through regular interaction among students, faculty and industry, including visiting scholars, execu rives-in-residence and faculty fellowships.
This is hardly the first partnering of the two organizations. Williams is the largest single employer of
OSU graduates, with many being CBA alumni who have risen in the ranks like Bill Hobbs ('85), president and CEO of Williams Energy Marketing and Trading Company, and Gary Belitz ('71), controller and chief accounting officer. (See related stories, pages 3 and 8.)
Hobbs says, "ihe Williams Institute is a tremendous 6pportunity for OSU and Williams. The world is changing and we are changing with
it. The ability to model risk is critical, and at the heart of it is quantitative finance."
Dr. James R. Lumpkin, CBA dean and Richard W. Poole Professor, agrees. He says, "Williams should be applauded for its vision, commitment and leadership. Partnerships
like this encourage innovative academic programs and research initiatives."
Part of the funding for the Institute will provide scholarships to eight Williams Scholars who are pursuing their master of science in quantitative financial economics (MSQFE), a new degree in the Department of Finance.
MSQFE graduates will seek careers in professions requiring quantitative financial skills to model and manage risk "in commodity and financial markets, a growing field particularly in the energy business.
Dr. Janice Jadlow, head of the Department of Finance, says, "Thanks to the
Williams Institute, our students will have the quantitative skills and the risk-management experience they need in today's work environment."
Dean Lumpkin says, "Besides an outstanding curriculum and faculty, the Department of Finance recently added two endowed chairs and the Dynegy Trading Floor. Now, with • the Williams Institute, I believe the department will soon be recognized as one of the top in the country."
- Sherry Fletcher
Partnering: Williams executives present a $1.3-million check to the College of Business Administration to establish the Williams Institute for Quantitative Finance.
The Institute will support an area of increasing importance to the business worldquantitative finance.
Meet The Associates Chairperson GARYBELITZ
When Gary Belitz ('71) received a degree in accounting from OSU, he knew the direction of his career. Now, nearly 30 years later, he credits OSU for preparing him to be controller and chief accounting officer for Williams (NYSE: WMB), a $25 billion energy and communications enterprise located in Tulsa.
Belitz, of Broken Arrow, learned and earned more than a degree at OSU. "My rigorous academic experience was invaluable," he says, "but the University's encouragement to develop long-term relationships has served me well." Belitz not only serves on the Board and the Executive Committee of the OSU Alumni Association, he also presided over the Tulsa Alumni Chapter as president.
Belitz also learned about giving back at OSU. He shares his expertise with Tulsa Community College as an Accounting Advisor and his love of sports as a coach for youth sports.
Belitz has been recognized by OSU for service and leadership both as a Distinguished Accounting Alumni and as a member of the College of Business Administration Hall of Fame.
"There is no doubt that my association with OSU contributed to my career opportunities and the quality of my life." And, that chance is available to everyone!
- OSU LeadershipLegacy by Barbara Swiggart
The Associates are loyal friends and alumni of the College of Business Administration whose support over the years has had a profound impact through annual giving, endowment support and other gifts restricted o the College. Individual, corporate and junior memberships, whic9 offer superb networking opportunities, are for one year and can be maintained annually. Corporate matches are accepted. p=' For information about The Associates, contact us at (405) 744-8617, osu-cba@okstate.edu, or visit www.bus.okstate.edu.
Executive Committee
Immediate Past Presi_dent
• ROBERT L. MCCORMICK, Retired, Stillwater National Bank & Trust Co. Chairperson
• GARY BELITZ ('71 ), Controller & Chief Accounting Officer, Williams Chatrpersort-Elect
• DAVID BAGWELL ('66 M.B.A.), Owner, Bagwell Consulting Group, LLC One-Y:ear Term
• DON BERKEMEYER,Partner, Accenture
• J. DAVID BLAKEMORE, JR. ('68), Manager, Employment & College Relations, Phillips Petroleum Company
• PAT GEARHART ('93), Vice President, Private Banking, Stillwater National Bank & Trust Co.
• FRANK W. MERRICK ('78), President, Foundation Management Inc.
• DAVID BAGWELL ('66 M.B.A.), Owner, Bagwell Consulting Group, LLC
• GRIFF E. JONES ('91 ). Vice President, Dynegy Inc.
• JOHN NEAS ('67), National P~troleum Sales, Inc.
• MIKE S. REEVES('64 M.B.A.), Senior Vice President, Bank of America
• RHONDA J.SWEENEY (OSU '73), Upstream Business Services IS Manager, Global Information Systems, ExxonMobil
Three-Year Term
• ANN E. BRADSHAW ('83 & '84 M.S.), Tax Partner, Ernst & Young LLP
• DAN GILLIAM ('79), Manager, Finance, Conoco Inc.
• WILLIAM E. HOBBS ('85), President & CEO, Energy Marketing & Trading, Williams
• REX E. HORNING ('74), President, Stillwater Division, Stillwater National Bank & Trust Co.
• DAN J. ZALOUDEK ('68), CEO, !MEDIA, Inc
Endowed
Chairs Filled
in2001/02
q., (
Associate Professor of Finance and the Watson Family Chair in Commodity and Financial Risk Management
Professor
of
Finance and the Paul C. Wise Chair of Finance
Brattain: Investing in Entrepreneurs
Don Brattain ('62) is a successful venture investor and entrepreneur who's taken educated financial risks and come out ahead. From a lawn care company to an orthopedic implant firm to grocery stores and several investments in between, the Minnesota businessman has bought, sometimes managed and often sold - usually for a profit. Now he's funding an endowed professorship at OSU so others can seriously consider taking a similar road.
According to Brattain, business needs entrepreneurs. "It's one thing for universities to train and provide graduates for industry, but it is another thing to make sure young men and women are considering and preparing for more independent roles in business. They need to know about being entrepreneurs; that high risks can be involved in the potential for success," he says.
That's why Brattain chose to create the Don R. Brattain Professorship. ''A professor who is fluent in several areas of business can better convey what it means to be an entrepreneur, both the positives and negatives."
Brattain was a senior officer with the Toro Company when he bought a spin-off division from the lawn-care giant and went independent in 1982. He's been in the venture investment business in Minneapolis since 1985, and he believes the way he was reared in Oklahoma has much to do with his success. "It was there that I gained my basic values and work ethic, and those traits have served me well throughout my career," says the Ponca City native. "Now, I feel like I have a responsibility, if not an obligation, to try to perpetuate the success I've been blessed with, and education is important to that."
Cudd: Givin Something Back
Haskell Cudd ('32) made up his mind in 1929 that he was going to set the pace. He was just a farm boy, struggling for survival like so many Oklahomans during the depression. Watching cotton prices fall drastically, he decided it was a good time to "get a cheap education."
Even though he walked into his first accounting class dressed in overalls, he says, "Deciding to go to Oklahoma A&M was one of the best decisions I have made in my life. I have a lot of respect for the faculty who molded my early years."
Today, Cudd is the 93-year-old president and CEO of Stillwater Milling Company, which he transformed from a small flour mill to a feed manufacturer with four "super agri-centers." His generous gift to the CBA established the Haskell Cudd Professorship in Accounting and is held by Dr. Don Hansen.
This year Cudd was also honored with an OSU Leadership Legacy and was inducted into the OSU Alumni Association Hall of Fame.
- Jim Mitchell
Basu: Insuring the Gift of Education
Dr. Raja Basu and his wife, Monica, have established the Raja and Monica Basu Endowed Scholarship to provide financial support for students pursuing an M.B.A. "Education is the most important gift you can give," says Basu who currently serves as vice president of academic affairs at OSU-Tulsa. Monica works at State Farm Insurance in Tulsa.
Basu created the
endowment by naming OSU owner and beneficiary of an insurance policy on his life. Because OSU owns the policy, Basu can take an immediate tax deduction for the value of the policy as of the date of the assignment.
The proceeds will pass to the Foundation completely free of estate taxes. Basu will continue
u RAJAand MONICA BASU making annual gifts that the Foundation can use to cover the annual premium on the policy.
Basu and his wife are optimistic about the leadership at OSU. He says under the guidance of the CBA Dean James Lumpkin and President James Halligan morale is high and people feel good about the University. He strongly believes that scholarships will attract and retain the brightest students as well as allow for enhanced classroom experiences, such as the MBA case study with ExxonMobil executive Don Humphrey featured below.
Basu previously served as an associate professor of management and director of the MBA program at OSU. His research has been published in the Journal of Engineering& TechnologyManagement, Journal of Applied Social Psychologyand others.
Basu received his· M.B.A. from Duke University and his Ph.D. from Purdue University.
Alumni and friends who make gifts by will, trust, life insurance or other deferred techniques are eligible for membership in the OSU Heritage Society. The Society recognizes all deferred gift donors, regardless of the gift designation or amount.
:~ For information about planned giving or establishing endowed professorships, contact us at (405) 744-8617, osu-cba@okstate.edu, or visit www.bus.okstate.edu.
Audra Renee Hedden Endowed Scholarship
A Way to Say "Thanks''
Audra Hedden ('00) was finally getting a chance to really live. She'd worked hard throughout high school, earned several scholarships and graduated with top
"Audra really put herself into her studies, and it was all I could do to try to get her to slow down sometimes. She was driven to make her mark," says Margaret. honors from the College of Business Administration with a double major in economics and international business. She'd just been married a couple of weeks and was driving home to Cushing from her first full-time job in Tulsa when she was killed in a car accident.
A little more than a year after the tragedy, c:
Audra's mother, Margaret, holds onto severa .:;
memories. She remembers how long it took to adopt a child - how, after years of
waiting, she and her husband finally received
permission to travel to Bogata, Columbia to pick up an eight-week-old baby, Audra.
Margaret also remembers how Audra grew into a beautiful young woman who was dedicated to educational achievement.
GraduationFall200 I
Looking back, Margaret remembers how important all that was to Audra and how important it could be to others. "That's why we've established an endowed scholarship in Audra's name. It's a way to say 'thanks' for a wonderful education and to do what we can to help other students get the same," notes Margaret.
Because Margaret's late husband, Bill, worked for Exxon, the company will provide triple matching funds for the endowment. That means the Audra Renee Hedden Endowed Scholarship Fund will actually assist
several students at the CBA each year. Thanks to Margaret, Audra's endowment will provide annual help for students and lasting recognition for her daughter.
- Jim Mitchell
Alumnus David Bagwell Gives Practical Advice to Graduates
Graduations are exciting and can be a bit scary. So, at the CBA 2001 Fall Convocation the guest speaker, David Bagwell ('66 M.B.A.), opted to give practical advice to business's newest employees, advice he believes will give them an DAVID BAGWELL edge in their professions.
Bagwell, owner ~of Bagwell Consulting Group, LLC, spent his career with AT&T's manufacturing arm, today called Lucent Technologies. By 1990, he was
sales director for a five-state area. He later joined Memorex Telex until he retired in 1994. At that time he started a consulting business to teach strategic selling and technology courses to the telecom market.
Today, Bagwell belongs to the OSU Heritage Society, the Alumni Association and serves as chair-elect for The Associates.
Here's his advice to new grads.
Dave's "Top Ten"
1. Get off on the right foot. You only get one chance to make a first impression.
2. Be a thinker. Look beyond your job. What can you do to enhance the company?
3. Don't gossip.
4. Be optimistic. It will help you stand out in a crowd.
5. The game of politics is always going on. Just be aware.
6. Don't "spill your drink on your boss' shoes." How you behave in a social situation is often the most remembered thing about you.
7. What "ammunition" have you given your boss to use on your behalf when it comes time for promotions or downsizing?
8. Make the most of criticism. Remain calm. Ask questions.
9. Never stop being a student. Stay current. Make yourself indispensable.
10. Admit your mistakes.
AUDRA HEDDEN
Professors Joe Fowler and Joe Jadlow
Not Your Average "Joes"
Long after Drs. Joe Jadlow and Joe Fowler leave the OSU's College of Business Administration (CBA), their names will continue to be etched in the minds of students, thanks to two new endowed scholarships.
However, future students may wonder what is so special about the two "Joes" that warranted a scholarship in their names. The answer is simple: These two economics and legal studies professors made a difference in someone's life.
The donor, Tom Beadles ('74), who is an attorney in Oklahoma City, relates it to his favorite movie, It's a WonderfulLife. "People touch our lives in ways we don't even know. I hope each student who walks through the halls of the College of Business Administration will ask who these men are."
Beadles and his wife, Mary, gave the College $100,000 to establish the scholarships. According to CBA Dean James Lumpkin, "Gifts such as these speak to the quality of faculty in our College, and we are grateful when the recognition comes back and someone says, 'you made a difference in my life."'
Jadlow says it seems like yesterday when he had Beadles in his class. "This is quite an honor. There really aren't words to say how I feel."
Fowler says, "We really appreciate alumni who come back and make investments in this University. It helps us help students."
The Joseph M. Jadlow Endowed Scholarship will be available to undergraduate or graduate economics majors. The Joe W. Fowler Scholarship will be awarded to undergraduate general business majors.
-Tania Ward
The College of Business Administration gratefully acknowledges its alumni who have generously established the scholarships listed on these pages.
• The Joe W. Fowler Scholarship
• The Wayne Grovenburg Memorial Scholarship
• The Audra Renee Hedden Memorial Scholarship
• The H.L. Ingham Family Scholarship
• The James M. Jackman Endowed International Study Fund
• The Joseph M. Jadlow Endowed Scholarship
• The Griff and Mindi Jones Endowed Scholarship (See article and photo, page 3.)
• James D. and Lin C. Rahe Endowed MBA Scholarship
• The Bruce and Jennifer Yee Endowed MBA Scho_larship
:~ Tocontribute to an existing scholarship or to establish a new one, contact us at (405) 744-8617, osu-cba@okstate.edu. or visit www.bus.okstate.edu.
Le~ to right: JOE FOWLER, MARY and TOM BEADLES, JOE JADLOW
BRUCE ('96 & '98 M.B.A) and JENNIFER ('97 & '98 M.B.A.) YEE with Dean Lumpkin.
Introducing the CBA Alumni Association Board of Directors
Meet CBA Alumni President PAT GEARHART
On the way to learning the nuts and bolts required for a marketing degree and a finance minor, Pat Gearhart ('93) discovered something that has been essential to his career - the importance of interpersonal relationships.
"I started school at OSU with the idea that business was pretty black and white; it's about accounting and finance skills. But I soon learned that it's really about building and developing meaningful business relationships," says Gearhart. PAT GEARHART
Both as alumni president and as director of constituent business for Stillwater National Bank, Pat uses that "lesson learned" on a daily basis. "Of course, my finance and accounting courses help tremendously to understand the technical side of banking; however, most critical to the success of my career are the relationships I've developed and maintained."
-Jim Mitchell
Become a member: The College of Business Administration Alumni Association is your lifelong connection to your College. We connect through publications like this one, our web site and emails; provide networ~ing opportunities; and invite you to OSU's nationally recognized homecoming celebration and numerous other events. Please see the back cover for a membership form and information about submitting information for ClassNotes. In the next issue, we'll include your information. We look forward to hearing from you.
For information about the CBA Alumni Association, contact us at (405) 744-8617, osu-cba@okstate.edu, or visit www.bus.okstate.edu.
BRAD CHURCH is manager for strategic analysis for Williams Energy Marketing and Trading. He graduated with an M.B.A. from OSU in 1996. Before joining Williams, he was employed as manager of Product Development at MAPCO. He and his wife, Nicole, have one child.
JANIS HUBBARD is court administrator for the Court of Criminal Appeals. She previously served as assistant general counsel for the Oklahoma Bar Association and had a private law practice. She received her B.S. in business administration with a minor in management from OSU in 1978.
JOHN KILLAM is vice president of Stan Clark Companies (parent company of Eskimo Joe's). He graduated with an accounting degree from OSU in 1979 and an M.B.A. in 1981. Before joining Clarkin 1985, he worked as a financial planner for Getty Oil Company. He and his wife, Kelli, have three children.
JOE MERRIFIELD is vice president of finance at Merrifield Office and School Supply, Inc. He graduated from. OSU with a marketing degree in 1981. He and his wife, Kelly, have two children.
KATHRYN MOCZYGEMBA currently works for ExxonMobil as a financial analyst in Houston. She graduated in 1999 with a B.S. in finance and was recognized as a Top Ten Business Senior. She earned her M.B.A. in 2000.
MIKE REDDOUT is vice president of business marketing, Premises Solutions, SBC Inc. He graduated with a B.S. in business administration from OSU in 1985. He and his wife, Deborah, have two children and live in San Antonio, Texas.
KIM A. WHEELER is executive vice president and director of Stroud National Bank in Stroud, Okla. He graduated from OSU in 1977 with a B.S. in business administration. He and his wife, Marilyn, have three children, two of whom currently attend OSU.
RAMESH SAMBASIVAN is co-founder of iTradeFair, Inc., an online company. He previously worked as a management consultant for PricewaterhouseCoopers LLP and served as a financial systems and business analyst for American Airlines. He received his M.B.A. from OSU in 1997.
MONICA WILLARD is director of development services for the City of Richardson, Texas. She graduated from OSU in 1979 with a B.S. in organizational administration. Monica's two sons attend OSU.
News Makers ...
• A report co-authored by Dr. TIM IRELAND is generating widespread national attention (WSJ, USA Today). It shows that when a company hires key managers and professionals during an economic downturn the company performs stronger financially than those who didn't hire during the slump.
• Dr. DAN RICKMAN released the Oklahoma Economic Outlook showing that the state should prepare to share in an economic slowdown with the rest of the nation in the year ahead. He noted that the downturn in consumer spending following Sept. I I added to an established slowdown in business spending and sealed a period of recession and slower growth for Oklahoma in 2002.
• Dr. KENT OLSON was among the researchers involved in a recent study of Oklahoma's income tax structure. Commissioned by the state legislature, the study found that proposals to eliminate the individual income tax, exempt groceries from the state sales tax and change rates in the Oklahoma Estate Tax Code would produce first-year revenue losses of $2.65 billion.
• The CENTER FOR RISK MANAGEMENT held its first event last April. The National Summit on Energy Policy featured policy makers, government officials and industry experts.
• The SCHOOL OF ACCOUNTING hosted a national conference on financial reporting that drew specialists from the public and private sectors including former CBA colleague Michael Crooch.
• An exceptional lineup for the 200 I /02 Executive Management Briefings and the Tulsa Business Forums concluded with MADELEINE ALBRIGHT, former U.S. secretary of state.
• Information and quotes from Dr. GARY MEEK, CPA, are included in an extensive feature in the Nov./Dec. 200 I issue of CPA Focus, published by the Oklahoma Society of CPAs. Meek talked about the integration of international issues and curriculum in business courses here and offered insights for the future.
Students Succeed
• PAUL DE LA CERDA, a second-year graduate student in the MBA program, took top national honors in the business plan competition at the Emerging Business Leaders Summit held in Washington, D.C.
• Congratulations to MATTHEW OOMMEN ('96 M.S.T.M.) who has been selected the first OSU Outstanding Young Alumni.
• For the twelfth year in a row, the FINANCIAL MANAGEMENT ASSOCIATION (FMA) has awarded the Superior Chapter Award to the student chapter at OSU. The chapter has also received the FMA and National Honor Society awards for membership development.
AndersenTaxChallenge Team200 I ranks in top 20.
Businessstudents attend careerfair in Gallagher-Iba.
• MBA hosted another successful Teeing Off and Tailgating Golf Tournament at Karsten Creek before a Cowboys' football game.
• Three students enrolled in the CBA were recently honored among OSU's TOP FRESHMEN. Congratulations to Whitney Karner of Altus (accounting), Preston Nicholson of Hominy (marketing) and Kacie Turner of Blanchard (general business).
• Congratulations to the SCHOOL OF ACCOUNTING's undergraduate Arthur Andersen Tax Challenge Team that ranked in the top 20 of those competing nationally.
Professors Recognized ...
• Dr. CHARLOTTE WRIGHT's paper, "Application of Design Benefit to Joint Cost Allocation: A Laboratory Simulation", was accepted in the International Journal of Accounting Literature.
• Dr. BETTY SIMKINS received the Regents Distinguished Teaching Award and the Merrick Award. She has also been named the executive editor of the Financial Management Association's new on line electronic journal.
• Dr. GREG MARSHALL is president-elect of the American Marketing Association Academic Council.
• Dr. DAVID CARTER is the new finance editor for the Journal of Applied Business Research.
• Regents Professor JOHN MOWEN was honored with the Sigma XI Lectureship Award, which recognizes scientific excellence and is considered the highest honor of its field. Mowen's latest book is The Art of High Stakes Decision Making.
• Drs. JOHN MOWEN, TOM BROWN and Todd Donovan won Best Paper Award honors at the AMA:s Educator's national conference. The paper is "The Consequences of Service Worker Customer Orientation: Job Satisfaction and Commitment".
Dr. GOUTAM CHAKRABORTY has coauthored the winning paper, "What Factors Influence the Effectiveness of Business-to-Business Web Sites?", at a Direct Marketing Educator's Conference.
• Dean JAMES R. LUMPKIN's textbook, Marketing Channels: A Relationship Management Approach, went into second edition. The textbook includes a CDROM instructor's manual with PowerPoint presentations and an accompanying video.
New Degree Offered
MBA hosts its annual golf tournament at Karsten Creek.
• CBA now offers a new degree. The MASTER OF SCIENCE IN QUANTITATIVE FINANCIAL ECONOMICS (MSQFE) is one of only a dozen such programs available nationwide that teaches students how to combine and apply skills from economics, finance, mathematics and statistics to make educated and profitable business decisions. These skills are in high demand in areas of risk management and financial engineering.
CBAholds annual student welcomeparty at Joe ·s.
You can stay connected for life! For more than 100 years, the OSU Alumni Association has provided alumni with connections to OSU. The College of Business Administration (CBA) recently renewed its efforts to "stay connected" with this magazine and with its annual Homecoming Open House. (See photos from homecoming 2001, right.)
SHAREYOUR GOOD NEWS
The CBA invites all business alumni to sh.are recent news. Tell us about your promotions, honors and activities, as well as marriages and births. Send your news or mailing address updates by e-mail to us at osu-cba@okstate.edu. Otherwise, mail us at: Office of Development and Alumni • 114 Business Building • Oklahoma State University • Stillwater, Oklahoma 74078-4011. You may also fax us at: (405) 744-8956.To view Class Notes visit our web site at www.bus.okstate.edu.
Yes! I wish to join the OSU Alumni Association
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Oklahoma State University 201 College of Business Administration Stillwater, Oklahoma 74078-4011 * Joint membership includes both member and spouse
