summer 2012
A LETTER FROM THE DEAN yy
Dr. Thomas K im, distinguished professor of economics.
T
he business school lost one of its own this year. Tom Kim, our distinguished professor of economics, died on March 12, 2012. He finished out the fall semester despite problems with his back and retired in December, just two months shy of his 83rd birthday. Teaching gave him a sense of purpose and fulfillment. He told me over lunch not long ago, “I think maybe teaching is keeping me alive.” His love of the classroom wasn’t one-sided: His students also valued him and his teaching. Over the past several years, his students have written: yy Dr. Kim is an amazing teacher. He cares deeply about his students, and that makes him a pleasure and a privilege to be around. yy Very passionate about what he teaches. yy He knows economics better than Adam Smith…well, at least as good as Smith, maybe not better, but they are on the same page.
Dr. Kim used a teaching method I understood. yy He shows a strong desire to make sure students succeed and understand the subject matter. yy This course more than anything made me think more for myself to try and reason things out. yy Took time to talk with me personally, commented on my attendance and how he expected me to show up in a more timely fashion, and also expressed enjoyment in seeing me in class. yy I did not like economics until I took this class. yy He actually made studying economics interesting. yy He definitely made me laugh a lot in this course, which I appreciated. In the Sermon on the Mount, Jesus tells us to store our treasures in heaven, where moths and rust cannot destroy, and thieves do not break in and steal. In his work with students Tom Kim stored up lasting treasure, something we should all strive to do. “Wherever your treasure is, there the desires of your heart will also be.” Tom has gone on ahead of us after the desires of his heart. He was our friend as well as our colleague, and we will miss him.
Dean’s Advisory
Council 2012
Mr. Gene Adams ’54
Baylor Bankshares, Inc.
Mr. Lawrence Bertsch Citizen’s Bank
Mr. Gray Bridwell ’92 Lydick-Hooks Roofing
Mr. Jim Claunch ’82
Global Business Services
Mrs. Connie Davis
Texas Department of Family and Protective Services
Mr. Tim Dickenson
Briercroft Fire and Water Restoration
Mr. Michael Dickie ’82
Morgan Stanley Investments
Mr. Derrick Duke ’88 Health Markets
Mr. Corby Flanagan ’93
Condley and Company, LLP
Mr. Jeff Garrett ’99
Federal Reserve Bank of Dallas
Mr. Eric Gillis
Wisteria Place Retirement Living
Mr. Theron Holladay Sr. ’93 Parkway Advisors
Mr. Lynn Ingram
Ingram Cleaners & Laundry
Mr. Mark Layton
Layton & Fowler, CPAs LLP
Ms. Nanci Liles
Abilene Convention & Visitors Bureau
Mr. Mike McMahan
Abilene Chamber of Commerce
Mr. Jim Newcomb ’86 Bank of America
Michael L. Monhollon Dean, Kelley College of Business
Mr. Jud Powell ’86
Michael Monhollon received a BA in mathematics from Baylor University and both an MA in economics and a JD from the University of Virginia. He began his legal career in commercial litigation before moving into administrative law and estate planning. His two published books are a legal thriller, Criminal Intent (Signet 1992), and a novel based on the life of Christ, Divine Invasion (Reflection Publishing 1998). He joined the faculty of the Kelley College of Business in 1998 and has served as dean since 2003.
Mr. Jeff Sandefer
Edward Jones Investments Foundation for Entrepreneurial Excellence
Mr. Guinn Smith
First Financial Bank of Abilene
Mr. Randy Vanstory ’83 Autumn Grove Cottage
student editorial BUSINESS AS A CALLING By Andrew Adamski, B.B.A. Finance, Class of 2012
Many people throughout history and even today go through life either hating their jobs or finding it a struggle to find purpose in what they do. Some scholars and individuals find the answers to these types of questions very easily. One must ask themselves, am I called to do this? This is a fundamental belief that some people grasp onto in order to try to assure themselves they are serving in a job they feel called to do. Max Weber was a pioneer in this form of thinking and was one of the first to seriously contemplate the topic of a particular calling on one’s life. A calling, in regards to Weber, refers to the idea that the highest form of moral obligation of the individual is to fulfill his or her duty in worldly affairs. He made his point clear in his book “The Protestant Ethic and the Spirit of Capitalism” where he devoted some time to discuss the fact that we, as humans, have a purpose predestined by God to serve in a career or profession which brings glory to him. Not only is glory to God a driving force in this “calling,” but it is also to find purpose in doing something which benefits our fellow man, and that will provide for our families as we are asked to do. One could say your job as a Christian in a profession should be a commitment. First it is a commitment to our world. Essentially, when working for someone, you have given your word to be loyal and work diligently towards the goals set forth by your employers. If everyone is doing this, it all culminates into a base in which the world may see results of becoming a better culture/world. Second, you have a commitment to your family. You owe it to your family to consistently provide for them. Therefore, it becomes your duty to ensure you are setting forth the right path in your profession so you may provide for them. Third, you have an ultimate commitment to God. When thinking that you hate your job or your boss, as a Christian, one must realize they are ultimately serving a higher purpose. You are not simply serving your boss, rather you are serving God. Another aspect of the calling in our lives is you should view you “job” as a profession, career, or vocation instead of just a job. This can sometimes be met by several challenges. However, as a Christian, you must overcome such challenges to excel. In your field, you must challenge yourself to be the best you can be at whatever you are doing. Mediocrity is not Christian. God realizes perfection is something we as humans cannot necessarily achieve, but He commands us to strive for it anyhow. In the Bible, we also see the parable of talent. God challenges us to utilize the gifts He has pro2 | Kelley College of Business | Summer 2012
vided to each of us. He does not like when our potential and talents go unused. Therefore, we must find a way (our calling) to satisfy God and serve Him. We are also challenged to apply Christian principles in our professions and lives. This does not only apply church etc., but secular as well. We should be an example, and glorify God in our work. Some interesting ways to look at jobs as a calling is the fact that the word vocation comes from a Latin word which literally means “calling.” Also, the Greek word for church can mean “called-out-ones.” I thought it was interesting that these two common English words can have a certain meaning which pertains to the subject being addressed. In conclusion, this Christian Life is a full-time calling, and no matter what we do we must realize it is all to glorify God. God provides each of us with a calling which will play an integral part in this puzzle of life. It is up to each of us to strive to find this calling, fulfill it to the best of our abilities to glorify God, and provide for our families. Business as a Calling was written for Professor John Davis’ independent studies course of the same name, and first published in the Hardin-Simmons Brand.
faculty news Professors Chandler, Davis Present Bioethics Research At Hardin-Simmons 2012 Honors Bioethics Forum Communications Professor Tim Chandler, Ed.D., and Management Professor John Davis, Ph.D., jointly presented a paper, “Medicine in Search of Meaning: Bioethics Mediated by Popular Culture.” Perceptions and John Davis, Ph.D. understanding of bioethical issues are informed and transmitted to the populace at large through exposure to a variety of media. Messages about the meaning of medicine and science related to bioethical issues are subject to media conventions. This paper examines the effect of commercial film, NPR, and Salvo magazine on Tim Chandler, Ed.D. message reception about bioethics. These three media represent what George Gerbner, calls the stories we tell. According to Gerbner, humans tell stories of three types; (1) how things work (2) what things are, and (3) what to do. Their presentation relies on audiovisual support to illustrate the concept.
alumni news KELLEY COLLEGE B.B.A. MELANIE OCANA NAMED OUTSTANDING YOUNG ALUMNA I’ve had a life full of positive challenges and endless blessings. Near the top of that list are the years I spent at HSU. Not only was I challenged academically and physically (sports), but I continue to be blessed by the desire instilled in me for spiritual growth and by the life-long friendships made with former classmates and faculty.
In addition to directing the company with her husband Melanie has been an adjunct professor for Pepperdine University, South Texas College, and Austin Community College. The couple have two young children. Recipients of the Outstanding Young Alumni Award have achieved a significant level of distinction within their chosen field or have brought extraordinary benefit to the world. They reflect the quality and caliber of today’s Hardin-Simmons students and alumni. At the time of their selection, recipients have or would have graduated from Hardin-Simmons no more than 20 years prior to date of selection and are not over the age of 45.
Melanie (Standridge) Ocana, BBA Marketing/Management, Class of 2000
Melanie is the owner of Rustico Tile and Stone, importers and wholesale distributors for native Mexican tile and stone varieties. She is responsible for sales and marketing, finance, and website development. Based in Leander, Texas, just outside Austin, the company has grown quickly in six short years, broadening its reach and client base to span the globe. She coordinates strategies for distributing Rustico Tile and Stone’s material within the U.S., Canada, Australia, Asia, Western Europe, and beyond. While a student at HSU, Melanie was president of Students in Free Enterprise (SIFE), a member of the Cowgirl basketball and volleyball teams, and was a member of Zeta Sigma Phi. As SIFE president, she led the fledgling team in an impressive first year of projects, placing at regional and international competitions. After graduating from HSU, Melanie earned an MBA degree from Texas Tech University (2001) with an emphasis in international business. After grad school, Melanie moved to Los Angeles and did volunteer work for the C. S. Lewis Foundation. This led to a position as a program director for Claremont Graduate University, where she spent four years. She left California to pursue an eBay franchising opportunity in McAllen, Texas. While there, she met her husband, Ray, and began a new business with him: South Texas Saltillo Connection, which has grown into her current company, Rustico Tile and Stone.
On April 2, Kelley College B.B.A. and newly appointed director of concept design for Polo/Ralph Lauren, Fred Castleberry, spoke to students on “How to Succeed In Fashion Without Really Trying.”
Summer 2012 | Kelley College of Business | 3
Kelley College Recognizes Outstanding Students On April 17, Dean Michael Monhollon and the faculty of Kelley College of Business honored outstanding students at the 23rd annual Lowell W. and Mildred C. Queen Awards Dinner. The event was made possible by a fund established in 1989 by the Queens in memory of their daughter, the late Joy Carolyn Queen Russell. Honorees were nominated and selected by the KCOB faculty based on selection criteria that included scholarship, attitude, and the spiritual leadership traits important to future success in business. In addition to the individual awards described below, members of the Delta Mu Delta honorary business society and Kelley-Tucker Endowed Business Scholars were recognized.
Outstanding Management Student Award
Zach Hall
Zach Hall is a management major from Abilene, Texas. He is a member of Delta Mu Delta and an active participant in intermural football. While studying for his degree Hall has served as site director for Alliance After School Care at Ward Elementary School in Abilene.
the Marine Reserves, including a deployment to Iraq. Blake is a recipient of the Furr Family Endowed Scholarship and the Eddie and Nelda Hodges Foundation Scholarship, has served as a tutor for the Department of Student Development, and has been recognized by the Dean’s List consecutively since his return from Iraq. Upon completion of his degree he intends to pursue an M.B.A. and, ultimately the J.D.
Joseph Blake
Presented to the student who most took ownership of their education. It represents seizing the day, initiative, and being responsible. Joe Blake is a finance major from Lawn, Texas. He has studied for the B.B.A. while serving in
departments. Richards has been recognized by Who’s Who 2011 and the President’s and Dean’s lists. After graduation she plans to pursue graduate study in her field. Outstanding Graduate Student Award
Jerod Bishop
The W. Willard Pratt Endowed Scholarship in Business and Leadership
Jerod Bishop is a candidate for the M.B.A. from Iola, Texas. He is a Dean’s scholarship recipient and is employed by First Financial Bank.
Holly Enloe
Outstanding Finance Student Award & Ruby A. and Jesse N. Fletcher Award for Outstanding School of Business Student The Dean’s Award
of Delta Mu Delta. While studying for her degree she has worked as administrative assistant for New Hope Church in Abilene. Stewart is a previous recipient of the John Wood Award in Business Ethics, has been named a KelleyTucker Scholar, and was recognized by the President’s List for seven consecutive semesters. After graduation she will join Davis Kinard & Co. as an internal auditor.
Jodi Stewart
Presented to the outstanding student in the Kelley College of Business in Memory of Ruby A. and Jesse N. Fletcher. Jodi Stewart is a finance major from Eastland, Texas. She is the founding president and current vice president of Kappa Gamma Beta and vice president
4 | Kelley College of Business | Summer 2012
John Wood Award in Business Ethics
Richol Richards
Given for exemplary demonstration of Christian standards, ethical principles, and integrity in the study of business. Richol Richards is an information systems major from St. Vincent and the Grenadines. She is a member of the Brand staff, Gamma Beta Phi, Delta Mu Delta, and the International Student Fellowship, and is employed by HardinSimmons in various
Benefitting a deserving student in the Kelley College of Business who is majoring in business and minoring in leadership. Holly Enloe is an accounting and finance double major from DeSoto, Texas. She is student liason for the Alumni Board of Directors, vice president of Alpha Phi Omega service fraternity, business editor of the Brand, and a member of the Library Advisory Board. While studying for her degree she has served as student worker for the Kelley College of Business.
Outstanding Accounting Student Award
Riley Kidd
Riley Kidd is an accounting major from Abilene, Texas. He is a member of Delta Mu Delta, a Kelley Tucker Scholar and a Presidential Scholar. He is employed by United Supermarkets and is considering graduate study after completing the B.B.A.
Delta. While studying for her degree she has been employed by Hardin-Simmons’ Richardson Library.
Outstanding Economics Student Award
Kyle Timmermann Kyle Timmermann is a finance/economics double major from Rockwall, Texas. He has served as student body president, junior class president, new student orientation leader, and as a member of the Freshman Activities Board. Timmermann has been recognized on the President’s List and is a President’s Scholarship recipient. He is employed by Parkway Advisors and plans a career in investment banking.
Outstanding Computer Science Student Award
or society and service organization open to students within the top 20% of their class. He has been recognized on the university’s honor roll and Dean’s list, and is a Presidential Scholarship recipient. After graduation Konetchy plans to seek a master’s in accounting and to sit for the C.P.A. exam, toward a career in public accounting.
Nathan Bachert is a computer science major and music minor from Farmington, New Mexico. He is a recipient of the Computer Science Alumni Scholarship, maintains the HSU website as an employee of the university, and has also been employed in HSU technical support and by the department of social work. Bachert is a member of HSU Chorale and plans to study for a master’s degree in family ministry at Logsdon Seminary.
Sean Strehlow
Delta Mu Delta Outstanding Educator of the Year Doug Mc Intyre, Ph.D. Presented to the Kelley College of Business faculty member who has demonstrated exceptional teaching abilities and service to students. Doug McIntyre is an assistant professor of business administration and director of job placement and internships.
Stephanie Teoh
The Texas Society of CPAs Outstanding Junior Scholarship in Accounting
Brian Konetchy
Brian Konetchy is an accounting major from Cedar Park, Texas. He is a member of the Cowboys varsity baseball team and of Gamma Beta Phi, a national hon-
for a master’s degree in accounting at the University of Virginia.
Outstanding Marketing Student Award
Nathan Bachert
The Koreen and Lee Hemphill Outstanding Service Award
Presented to an individual who has provided outstanding service to the Kelley College of Business. Stephanie Teoh is a marketing and management double major from Malaysia. She has served as chief photographer for the HSU Brand, president of International Student Fellowship, and secretary for Alpha Phi Omega, and is a member of Delta Mu
business social organization, secretary of Delta Mu Delta business honor society, and participated in intramural sports. Craig is a KelleyTucker scholar and has been named to the President’s List six consecutive semesters. She serves as a tax intern for Condley & Co.
The Texas Society of CPAs Accounting Excellence Award
Kelly Craig
Kelly Craig is an accounting major from Midland, Texas. While studying for the B.B.A. she served as treasurer of Kappa Gamma Beta
The Manuel Flores Jr. Business Policy Award
Allison Lovejoy
Given to the exceptional Business Policy student in honor of the late Manuel Flores, Jr., professor emeritus at HardinSimmons, who taught Business Policy for many years. Allison Lovejoy is an accounting major from Richmond, Virginia. She is student liason to the Alumni Association Board of Directors, vice president of Delta Mu Delta, president of Kappa Gamma Beta, and a member of Gamma Beta Phi. Lovejoy previously received the TSCPA Outstanding Junior Scholarship in Accounting Award and the Tommorrow’s Leaders Today Scholarship and has been recognized by the President’s and Dean’s honor lists. Currently a tax intern for Davis Kinard & Co., upon completion of her degree she will begin study
Sean Strehlow is a marketing major from Southlake, Texas. He has been recognized by the President’s List and Dean’s List. He is a member of Sigma Delta Sigma social club, the Greek Counsel, Cowboys varsity tennis, and was a 2010 NSAC SAAC tennis representative for Hardin-Simmons. While studying for his degree Strehlow worked as summer intern for Texas Motor Speedway. After graduation he will pursue a teaching career in the Dallas/Fort Worth area.
Summer 2012 | Kelley College of Business | 5
kappa gamma beta
Kappa Gamma Beta members (from left) Brady Lemen, Brittany Higgins, Kelly Craig, Frances Hewtty, Diego Cordova, Katie Culpepper, Madeline Moren, Rebecca Brady, and Riley Kidd at the Ballpark at Arlington.
National Student Advertising Award
Natalie Case, Katelyn Hukill, Stephen Lester, Taylor Singleton
Natalie Case is an MBA candidate from Iowa Park, Texas. As an undergraduate at Hardin-Simmons she was recognized as a KelleyTucker Scholar, and was a member of the Cowboy and Concert bands, Delta Mu Delta, Kappa Gamma Beta, and the staff of the HSU Brand. Case currently serves as an intern for 5 Point Creative advertising agency in Abilene. Katelyn Hukill is a public relations and advertising double major from Tyler, Texas. She is a member of Alpha Iota Omega, the Fellowship of Christian Athletes, and the
Student Marketing Association. Hukill serves as marketing intern for Connecting Caring Communities in Abilene, Texas. Stephen Lester is a marketing major from Celina, Texas, and is a member of Cowboy Band, New Song, and Theta Alpha Zeta. He currently serves as an intern for 5 Point Creative. Taylor Singleton is a marketing major from Early, Texas. He is a member of the American Advertising Federation and works as assistant manager for Hibbett Sports.
Assistant professor of finance, Fei Gao, Ph.D., and associate professor of economics and finance, William Curtis, A.B.D., congratulate Kelley College student, Joe Blake. 6 | Kelley College of Business | Summer 2012
Kappa Gamma Beta has had a busy semester this spring. We just got back from this year’s field trip in the Metroplex. The first stop was WFAA, a television station owned by Belo Corp. We learned about the rapidly evolving television industry and its struggle to overcome a new generation of media users. Next we toured the Rangers Stadium where we learned of the inner workings of the stadium’s tour business; everything from touring the dugout to viewing the new construction projects as they prepped for opening day. KGB would like to offer a special thanks to Dean Michael Monhollon and Jodie McGaughey, visiting
instructor of accounting, for making this trip possible. In our last article we presented an opportunity to donate toward our participation fees in Relay for Life. We are proud to announce that our funding is complete, and we will be participating in the walk to benefit the American Cancer Society on April 20-21. We want to thank all of our donors who made this possible. The members of KGB strongly urge you to continue in this endeavor to raise cancer awareness. The American Cancer Society is an amazing organization that is inviting you all to join the fight against cancer. Donations can be made directly on their official website, www.cancer.org. KGB has an exciting semester ahead. With our soon-to-be-elected officers, led by our upcoming president Brady Lemen, we hope to commence construction on a new student lounge in the Kelley College of Business. KGB continues to pursue excellence through community involvement and fellowship among students and alumni. The graduating class would like to thank KGB for the many doors opened and the strong relationships formed through participation in the club.
Lessons on Dressing for Success Give Students an Edge in the Job Market By Janlyn Thaxton
When students graduate with a degree from Hardin-Simmons University, it includes more than excelling in academics, or even excelling in their field of study. Getting a job after graduation is number one on most students’ list of things to do, and as students at HSU, they get plenty of help beyond the academic realm in finding that first career opportunity. The Office of Career Services hosts a number of career fairs throughout the year. On March 6, 2012, Career Services hosted its 5th annual What Not to Wear Career Fashion Show. At the professionaldress fashion show, students modeled appropriate business attire to an audience of other students.
Director of Career Services, Kelley Wood, says, “The fashion show helps students with real-life polishing skills they may need for that career edge. Students learn about appropriate and inappropriate attire for professional settings, interviews, and professional attire for on the job.” The event is one of two teaching workshops throughout the year where students participate and receive instruction and tips on how to conduct themselves in a professional manner. During the fall semester, students can participate in an etiquette dinner which provides instruction and tips on expected conduct on dining in professional settings.
Need More Income in Your Retirement Years?
To have extra retirement income, you could hope for better returns on your investments, you could get a part-time job—or you could set up a charitable remainder unitrust that will support your favorite cause at Hardin-Simmons.
How It Works: The Charitable Remainder Unitrust
You give cash, stocks, or other assets to a unitrust you create that will pay income to you during your lifetime (and to another beneficiary if you so choose). The amount of income varies each year based on the annual value of the trust. After the beneficiaries’ lifetimes, the remaining balance will go to support scholarships or the programs at HSU that are most important to you—plus, it’s free from federal estate taxes. When you establish a unitrust, you receive an immediate partial income tax deduction, if you itemize your deductions. The size of the deduction depends on the ages of your selected income beneficiaries, the rate of payout to them you selected and the value of the donated assets.
Case Study: Helping Others Through a Trust and Receiving Income for Yourself
Brian created a trust to meet two main objectives: to receive a comfortable lifetime income from his stock portfolio and to support HSU. He chose an irrevocable trust, which cannot be canceled or changed. A chief reason for choosing this option is to obtain an income tax deduction. Brian could have willed the stock through a bequest, but he opted for a better plan: the charitable remainder unitrust (CRUT). By giving his stock to a CRUT, Brian receives an immediate income tax break, annual payments from the trust for the rest of his life and peace of mind knowing that the balance of his trust will go to his favorite charities after his lifetime.
Brian’s Trust Gives Him… yy Increased Income—Brian’s stock paid a 3 percent
dividend, but he chose for the trust to pay him 6 percent, doubling his annual income.
yy No Up-Front Capital Gains Liability—If Brian had
sold his stock and reinvested the proceeds himself, he would have first owed capital gains taxes on the stock’s appreciated value. Because the charitable trust is taxexempt, it was able to reinvest his stock without paying any capital gains tax.
yy Tax Savings—The present value expected to be in
the trust after Brian’s death is eligible for a charitable deduction on his income tax return in the year he establishes the trust. And by creating this trust, the amount of his future estate subject to estate tax will be reduced.
yy Personal Satisfaction—Brian has found peace of
mind from supporting a cause he believes in and securing lifetime income for himself.
What Now?
If you have further questions regarding charitable remainder trusts, please contact our office at (325) 670-1260. Cheryl Purcell, Assistant Vice President Russell Leavenworth, Development Officer Mike Hammack, Vice President for Institutional Advancement © The Stelter Company The information in this article is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results Summer 2012 | Kelley College of Business | 7
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IMPORTANT NUMBERS FOR THE KELLEY COLLEGE OF BUSINESS Academic Programs Accounting Computer Science Economics Finance Management Marketing
Dr. Charles Walts Dr. Terry Sergeant Dr. John Hill Mr. William Curtis Dr. Nancy Kucinski Dr. Doug McIntyre
(325) 670-1293 (325) 670-1292 (325) 670-5871 (325) 670-1364 (325) 670-1503 (325) 670-5817
Career Management and Internships Dean’s Office
Dr. Doug McIntyre, Director Mr. Michael Monhollon, Dean
(325) 670-5817 (325) 670-5870
Development and Major Gifts Graduate Programs Leadership Studies Program
Mr. Mike Hammack, VP for Institutional Advancement Dr. Nancy Kucinski Dr. Coleman Patterson, Director
(325) 670-1278 (325) 670-1503 (325) 671 -2172