Frank G. Zarb School of Business Update | 2011-2012
Table of Contents
3 A Message From the Dean
4 Teaching Students About Today’s Financial Issues
7 Zarb Students Join Forces With Nassau County to Aid Victims of Superstorm Sandy
Rick Wilson and His Team Awarded $2.2 Million by the National Science Foundation to Fund “Science Express”
8 Online M.B.A. Program Embarks on First Global Practicum
10 Z arb Faculty and Student Accomplishments 17 US-China: Opportunities for New Business Partnerships 18 Real Estate and Alternative Investments: 2012 and After 20 Highlights of Recent Events 28 Classnotes 31 Zarb Faces of Success Joseph Magliarditi, M.B.A. ’94 President of Palms Casino Resort, Las Vegas, Nevada Donna Moravick, N.P., R.N., M.B.A. ’08 Executive Director of Southside Hospital, Bay Shore, New York Published by Patricia Salama, Director of Outreach, Frank G. Zarb School of Business, Hofstra University Edited by Linda Merklin, Manager, Editorial Services, Hofstra University Designed by Denise Sarian, Graphic Artist, Hofstra University Hofstra University is committed to extending equal opportunity to all qualified individuals without regard to race, color, religion, sex, sexual orientation, gender identity or expression, age, national or ethnic origin, physical or mental disability, marital or veteran status in employment and in the conduct and operation of Hofstra University’s educational programs and activities, including admissions, scholarship and loan programs, and athletic and other school-administered programs.
A Message From the Dean
or the Frank G. Zarb School of Business, the 2011-2012 academic year was one of tremendous accomplishments. Our part-time M.B.A. program was ranked in the top five in the northeast and top 50 nationally by Bloomberg Businessweek. This is a remarkable achievement and a testament to the hard work and dedication of our faculty, staff, alumni and students. It is because of your collective efforts that we have achieved this profound recognition – one that we embrace with great Hofstra pride! On October 16, the eyes of the world turned to Hofstra as the University hosted the second presidential debate of the 2012 campaign. Hofstra is one of only three universities that have hosted more than one presidential debate. Another momentous occasion was the involvement of the Zarb School of Business and Hofstra’s School of Education in the NASDAQ closing bell ceremony on April 2, 2012. This event officially launched the Minds on the Markets 1.0 program, a curriculum sponsored by the NASDAQ QMX Foundation, which was funded to teach high school students about financial markets. The Zarb School has also launched an online M.B.A. program, which, in addition to Bloomberg Businessweek, has been ranked by U.S News & World Report, The Princeton Review, and Forbes. New dual degree programs have also been created, saving students time and money in obtaining both bachelor’s and master’s degrees in five years. The alumni association has also increased its collaboration with current students through resume prep workshops and mock interview sessions. A pivotal conference titled US-China: Opportunities for New Business Partnerships was organized by the Zarb School of Business and the Center for International Financial Services and Markets this past May. This conference reviewed various aspects of future business collaboration between companies in China and the United States. Some of the organizations represented
included the Hong Kong Economic and Trade Office, the Industrial and Commercial Bank of China, Morgan Stanley Asia, The Hain Celestial Group, the U.S. Department of Commerce and China Daily USA. On November 8, 2012, the Wilbur F. Breslin Center for Real Estate Studies and Frank G. Zarb School of Business collaborated to present a conference titled Real Estate and Alternative Investments: 2012 and After, offering faculty and students perspectives from some of the most outstanding members of the real estate and financial communities. Participating companies included S&P Dow Jones Indices; the Chicago Board Options Exchange; Venture Capital Maxim Group LLC; Knights Investment Group; ING Financial; TPG-Axon Capital; Rock Center Capital Partners, LLC; TIAA-CREF; The Beechwood Organization; Triple Five Worldwide Organization; Renaissance Downtowns LLC; and the Ackman-Ziff Real Estate Group. I am also pleased to acknowledge two longtime Zarb faculty members – Dr. Harold Lazarus, former dean and distinguished professor, and Dr. Esmeralda Lyn, former vice dean and distinguished professor – who recently retired. We are grateful for their dedicated efforts and wish them all the best in their future endeavors. We also welcome Dr. George Papaioannou to his new role as vice dean. As we continue in this academic year, our focus will be on building internships and study abroad opportunities that will enhance the Zarb experience for our students and equip them with the tools they need to succeed in our global marketplace. Sincerely,
Patrick J. Socci, Ph.D. Dean Frank G. Zarb School of Business 3
Teaching Students About Today’s Financial Issues The Frank G. Zarb School of Business, in conjunction with NASDAQ, NEFCU, Capital One Bank and Flushing Bank, is teaching local elementary, high school and Zarb students about today’s financial issues. Six unique programs have been developed, each with the same goal in mind – to further educate students in today’s monetary and business issues. Minds on the Markets 1.0 Minds on the Markets 1.0 is a collaborative effort between the Zarb School of Business, Hofstra’s School of Education, and the NASDAQ QMX Foundation. The program was officially launched on April 2, 2012, with the ringing of the closing bell at NASDAQ. It is a seven-module curriculum designed to give high school students in-depth knowledge of financial markets and their role and importance in the world, as well as introduce students to the various career paths that are available in the financial services industry. Video interviews with experts in the field of finance accompany each module. Students compete for a three-day financial tour in New York, which includes an invitation from NASDAQ to participate in the ringing of the closing bell in Times Square. The Frank G. Zarb School of Business and Hofstra’s School of Education at NASDAQ headquarters in Times Square after the official closing bell ceremony on April 2, 2012.
The Frank G. Zarb School of Business and Hofstra’s School of Education outside NASDAQ headquarters in Times Square.
“These six programs, in addition to several other initiatives, are teaching Zarb students real-life lessons regarding today’s challenging economic climate. These partnerships provide students with hands-on experience and corporate networking opportunities that will support them even after they have graduated from Hofstra University.” — Dr. Patrick Socci, Dean, Frank G. Zarb School of Business
Capital One Campus Entrepreneurial Challenge
Andrew Corrado, market president, Nassau County, Capital One Bank, and Hofstra University Alumni Organization vice president for programs, and Gioia Bales, associate dean, Zarb School of Business, at Drexel Avenue School’s fourth grade classroom in Westbury.
The Capital One Campus Entrepreneurial Challenge at Hofstra University is a joint initiative led by the Frank G. Zarb School of Business, Capital One Bank and Uniondale High School. Throughout the yearlong program, Capital One Bank small business experts serve as mentors to Zarb School of Business student entrepreneurs, advising them on how to effectively build their business plans and grow their businesses. The Zarb students, in turn, serve as mentors to aspiring student entrepreneurs in Uniondale High School’s chapter of the Distributive Education Clubs of America (DECA). At the end of each academic year, the Zarb student teams present their business ventures to their peers, and a team of judges consisting of representatives from Capital One Bank and Zarb faculty members determines a winner based on the student groups’ “annual report” and factors such as profitability, the number of people impacted and the nature of the venture.
Money and Me
Above: Andrew Corrado, market president, Nassau County, Capital One Bank, and Hofstra University Alumni Organization vice president for programs (right), with Richard Hayes, Hofstra associate professor of management, general business and entrepreneurship, at Capital One Campus Entrepreneurial Challenge. Middle right: Uniondale high school teacher with her students at November 30, 2012, Ladder to Leadership breakfast.
Right: Student participants at Capital One Campus Entrepreneurial Challenge.
Another collaboration between the Zarb School of Business, Hofstra’s School of Education and Capital One Bank is the Money and Me program, a curriculum designed to bring financial literacy into the classroom. Undergraduate and graduate Hofstra University students offer instruction to fourth graders about personal money management. The interactive curriculum incorporates mathematics and ELA concepts, as well as practical applications, in every lesson. Each class has a virtual savings account where “money” is deposited and withdrawn. In its first year alone, more than 1,700 students benefited from lessons such as wants vs. needs, savings accounts, sources of income and expenses, budgets, checking accounts, credit and debit cards, inflation and investments. 5
Ladder to Leadership Students enjoying the Ladder to Leadership workshop.
Hofstra University’s Frank G. Zarb School of Business and Flushing Bank have collaborated to create a mentoring program between the Zarb School of Business and Uniondale High School. The program, “Ladder to Leadership: Nurturing the Next Generation of Women Business Leaders,” brings together members of Zarb’s Graduate Women in Business student organization with young women at Uniondale High School to teach them professional practices that will help them succeed in their future careers.
Hofstra University at Commerce Plaza Student participants at Hofstra University’s “campus” at Commerce Plaza.
This unique collaboration between Commerce Plaza and Hofstra University begins with a six-week preparation cycle that takes place in
many fifth grade classrooms, introducing the basic principles of economics. The preparation cycle is followed by a full-day field trip to Commerce Plaza in Levittown, New York, where students apply the lessons learned in the classroom to “actual” work experience. Hofstra University services at Commerce Plaza include on-site Admissions, Student Accounts, Financial Aid and University Relations offices. Within these offices, students take on tasks related to their job functions and adapt their lessons in the classrooms to real-life situations.
Nassau Educators Federal Credit Union and the Zarb School’s Blog and Podcast Project Nassau Educators Federal Credit Union (NEFCU) and the Frank G. Zarb School of Business continue their long history of collaboration through the Blog and Podcast Project. Using social media technologies, Zarb students blog and create podcasts about issues that are relevant to young, professional adults (18 to 24 years old). Students post information on various topics, including making financial decisions, lifestyle management, job searching and graduate education.
Zarb Students Join Forces With Nassau County to Aid Victims of Superstorm Sandy Zarb undergraduate and graduate students reached out to local residents to lend a helping hand after Superstorm Sandy. Partnering with Nassau County Executive Edward P. Mangano, the students volunteered to be a part of the Economic Recovery Task Force, an initiative aimed at the micro- and macroeconomic issues resulting from the storm.
difference in their lives,” stated Steven Medard, a Zarb undergraduate student majoring in finance and marketing. Recovery services and programs available to Nassau County residents include Small Business Administration disaster recovery loans, federal disaster assistance, shared work programs, unemployment assistance and municipal contacts.
Zarb students contacted numerous businesses in local areas such as Cedarhurst, Freeport, Glen Cove, East Meadow, Hewlett, Lynbrook, Merrick, Rockville Centre, Oceanside, Valley Stream and Massapequa Park, among other Long Island neighborhoods, informing them of important resources available to assist in their recovery. “It was such a gratifying experience to speak to local businesses in our area and feel like we helped make a
“Our students have always maintained Hofstra’s tradition of community service. We are proud to have an astounding student body that exhibits great humanitarianism and leadership for their school, their peers and their community,” stated Dr. Patrick J. Socci, dean, Frank G. Zarb School of Business.
Rick Wilson and His Team Awarded $2.2 Million by the National Science Foundation to Fund “Science Express” Rick Wilson, assistant professor of marketing and international business at the Frank G. Zarb School of Business, and his team have been awarded $2.2 million by the National Science Foundation to fund a research project titled “Science Express.” The project will assess informal science learning in transit advertising contexts and specifically aims to determine whether subway advertising is an effective method to engage commuters in learning about climate science.
publications, provides him with vast experience and knowledge in this field. “This research grant represents one of the few projects of any kind where science and business have come together to encourage informal science learning, and I am very proud to be associated with a project that not only will improve the transit advertising industry’s knowledge base but also contributes to the outreach efforts of climate science,” stated Dr. Wilson.
Dr. Wilson’s expertise in the advertising industry, which includes more than 10 years of product management experience and 13 academic
This is one of many research projects in outdoor advertising that Dr. Wilson has contributed to. He previously received a grant from the American
Academy of Advertising for an outdoor advertising study that uses an innovative Rick Wilson software program from cognitive neuroscience that predicts which objects in a scene are expected to be attended to by mimicking the human visual system. “Our faculty here at the Zarb School of Business are always involved in cutting-edge studies, and the groundbreaking work that Dr. Wilson is contributing to this project is a prime example of that,” stated Dr. Patrick J. Socci, dean, Frank G. Zarb School of Business.
Online M.B.A. Program Embarks on First Global Practicum The inaugural class of Hofstra University’s online M.B.A. program spent 10 days this summer in China, visiting global companies, touring production facilities, and meeting senior executives as part of a global practicum designed to immerse students in foreign cultures and business practices.
he group of 16 students visited four cities – Hong Kong, Shenzhen, Beijing and Guangzhou – and a number of major companies during their stay, including Wal-Mart, Morgan Stanley, Lenovo and the IBM Research Center. Among the many highlights of the trip were meeting with David Sutherland, the Asia-Pacific chief financial officer of Morgan Stanley in Hong Kong; hearing a presentation by Cory M. Grenier, ThinkCentre marketing manager, Lenovo in Beijing; visiting the IBM Research Center in Beijing; and touring the world’s largest Sam’s Club in Shenzhen.
executives. Students got a chance to see first-hand the immense development happening in China, and came back with a new perspective on what it takes to do business there.”
The group also toured famous cultural venues and landmarks, such as the Forbidden City, Tiananmen Square and the Great Wall, and saw the facilities used for the 2008 Summer Olympic Games.
“The global practicum really adds value to the online M.B.A. program,” Dr. Sengupta said, “because it anchors the curriculum in a global setting that is so important for all businesses today.”
Dr. Sengupta said the trip provides a critical opportunity for students to bond with faculty, and with one another. “A very important contribution of the trip is that it allows the group to be together for an extended period of time – the networking and relationships within this group are much stronger as a result of the trip,” he said. “This is all the more important since students don’t get to see one another for most of the program’s duration. This trip fills that void.”
Dr. Yong Zhang, Hofstra professor of marketing and international business, who accompanied the class on the trip, praised the group on the quality interactions between the students and the host executives at the “It was such a revealing experience to see how business meetings. He said, “the comments made Wal-Mart and Sam’s Club operate in China,” said and the questions raised by the students during the Dr. Kaushik Sengupta, director of the online M.B.A. business visits have impressed our hosts greatly. program and associate professor of management, Such a great learning experience has undoubtedly entrepreneurship and general business. “We met with broadened everyone’s perspectives and sharpened a number of significant companies and their their cross-cultural business skills. As a result of the trip, many feel more prepared in taking on a Online M.B.A. students with Professor Yong Zhang (far right) possible foreign and IBM employees at the IBM Research Center in Beijing. assignment and meeting the challenges of today’s global business.”
In fall 2011 Hofstra’s Frank G. Zarb School of Business launched Long Island’s first online M.B.A. program, with a focus on strategic business management. The program’s flexibility is ideal for business professionals whose schedules don’t fit a traditional graduate program. The 48-credit online M.B.A. can be completed in as little as two years, or a maximum of five years. The program includes two on-campus residencies and a global practicum.
“The global practicum really adds value to the online M.B.A. program because it anchors the curriculum in a global setting that is so important for all businesses today.” — Dr. Kaushik Sengupta, Director, Online M.B.A. Program 8
Online M.B.A. students atop the Great Wall of China.
Online M.B.A. students at the Beijing Lenovo facility during an interactive session with ThinkCentre Marketing Manager Cory Grenier.
Professors Sengupta and Zhang with the online M.B.A. students during the farewell dinner at a local Beijing restaurant.
Students getting an overview of the scope and scale of operations of the Modern Terminals facilities at the Hong Kong Port.
Zarb Faculty and Student Accomplishments
Harold Lazurus Retires After Almost 50 Years of Service at Hofstra University
Dr. Charles McMellon, Associate Professor of Marketing and International Business, Named 2011-2012 Zarb Teacher of the Year
Dr. Harold Lazarus, former dean of Hofstra University’s Frank G. Zarb School of Business and The Mel Weitz Distinguished Professor of Business, retired after serving almost 50 years at Hofstra University. He began his
Graduating students of the Zarb School of Business selected Dr. Charles McMellon as the 2011-2012 Teacher of the Year.
teaching career at Hofstra in the 1950s. In 1963 he left Hofstra and taught at New York University, only to return 10 years later to serve as dean of the Frank G. Zarb School of Business. After his term as dean, he continued teaching until his retirement in 2012. He was always described by his students and colleagues as a charismatic, caring and genuine person, and he was voted “Teacher of the Year” twice by Hofstra graduate business students. Aside from his many roles at Hofstra, he served on boards of directors for a number of schools, organizations and companies, including Ideal Toy Corporation; Superior Surgical Manufacturing Corporation; Graham-Field Health Products, Inc.; Facelifters Home Systems, Inc.; the World Management Council; Diplomat Electronics Corporation; the Academy of Management; New York School of Psychiatry; Continental Plastics Corporation; and Ideal International, Inc. Additionally, he published seven books and more than 65 articles. We thank Dr. Lazarus for his many years of dedicated service and wish him all the best in his future endeavors.
Dr. McMellon, associate professor of marketing and international business, earned a Ph.D. in business at The City University of New York. His dissertation was one of the first to examine consumer behavior of the elderly on the Internet. Dr. McMellon brings to his teaching 24 years of advertising managerial experience at firms such as Young & Rubicam; Foote, Cone & Belding; and Ally & Gargano.
Dr. Harold Lazarus
Dr. McMellon’s articles have been published in the Journal of Direct Marketing, Journal of Applied Gerontology, Journal of Advertising Education, Journal of Research and Issues in Advertising, Journal of Services Marketing and Advances in Consumer Research. He has also published book chapters and book reviews, and has participated in many invited panels and presentations at academic conferences.
Dr. George Papaioannou Joins the Dean’s Office as Vice Dean Dr. George Papaioannou, professor of finance and C.V. Starr Distinguished Professor of Finance and Investment Banking, was appointed vice dean of the Zarb School beginning July 1, 2012.
Dr. Esmeralda Lyn Retires After 30 Years at the Zarb School of Business Dr. Esmeralda O. Lyn, former vice dean of the Zarb School of Business and C.V. Starr Distinguished Professor in Finance and International Financial Services, has retired after 30 years of service at the Zarb School of Business. She served as chair of the Department of Finance, co-director of Zarb’s Center for International Financial Services and Markets, and editor-in-chief of Corporate Finance Review. Dr. Lyn has published numerous articles in national and international business journals. She also led executive seminars and workshops, and taught undergraduate and graduate classes both in the United States and abroad. In addition, Dr. Lyn has worked in the financial area for the United Nations in New York and Bangladesh, at Integrated Resources, Inc., and Smith Barney Shearson, and she has been a consultant for various companies. We are thankful for Dr. Lyn’s dedicated and committed service to the Zarb School and wish her much success.
Dr. Diane Persky, Adjunct Assistant Professor of Management, Wins the Delta Pi Epsilon Outstanding Doctoral Dissertation Award
Dr. Esmeralda O. Lyn
Dr. Papaioannou earned a B.A. in economics with Dr. George Papaioannou honors from the Athens School of Economics and Business Sciences, an M.B.A. from Duquesne University and a Ph.D. in finance from The Pennsylvania State University. His papers have appeared in Financial Management, The Journal of Financial Research, The Financial Review and other journals in the United States and abroad. Dr. Papaioannou is a member of the American Finance Association; the Eastern, Southern and Southwestern Finance Associations; and the Financial Management Association. He is a founding trustee of the Multinational Finance Society, and serves as North American editor of the Journal of Financial Services Marketing. He is also first vice chair of Nassau Educators Federal Credit Union.
Dr. Diane Persky‘s dissertation, “The Ethical Orientation of Advertising Executives: The Relationship Among Ethical Climate, Sex Role Identity and Selected Demographic and Job Variables,” was selected as the Outstanding Doctoral Dissertation for 2011 by Delta Pi Epsilon, the national honorary professional graduate society in business education. Dr. Persky earned a Ph.D. in May 2010 from New York University. (L-R): Gioia Bales, associate dean, Frank G. Zarb School of Business, and Dr. Diane Persky, Delta Pi Epsilon Outstanding Doctoral Dissertation Award winner and Hofstra adjunct assistant professor of management.
Associate Dean Gioia Bales with Professor De Araujo from the University of Pernambuco.
Associate Dean Gioia Bales with mission delegates in Sao Paulo.
Associate Dean Gioia Bales Attends Education Trade Mission in Brazil Frank G. Zarb
Frank G. Zarb Speaks on the “Most Important Public Policy Failure of Our Time – Energy” Frank G. Zarb (B.B.A. ’57; M.B.A. ’62), managing director, Hellman & Friedman, LLC, spoke about America’s inability to develop a cohesive and thoughtful energy policy despite the fact that we have urgently needed one for decades. Mr. Zarb served as the U.S. energy czar during the Ford administration.
In August 2012 Associate Dean Gioia Bales represented the Frank G. Zarb School of Business at the largest educational services trade mission in history. Representatives from 66 U.S. colleges and universities introduced more than 7,500 Brazilian students and parents to educational programs and opportunities in the United States during education fairs and meetings in Brasilia, São Paulo and Rio de Janeiro. Brazil currently ranks 14th – with more than 9,000 students – among countries sending students to the United States.
Victor López, J.D., Associate Professor of Accounting, Taxation and Legal Studies in Business, Publishes a Book on Intellectual Property Law Victor López published a book on intellectual property law in fall 2011. The book, titled Intellectual Property Law: A Practical Guide to Copyrights, Patents, Trademarks and Trade Secrets, was published by CreateSpace. Victor López
Professors López and Maccarrone Conduct Faculty Research Seminar In October 2012 Victor D. López, J.D., Hofstra professor of accounting, taxation and legal studies in business, and Eugene T. Maccarrone, J.D., CPA, Hofstra associate professor of accounting, taxation, and legal studies in business, conducted a faculty research seminar titled “Leading the World in the Wrong Direction: Is It Time for the U.S. to Adopt the World Standard ‘Loser Pays’ Rule in Civil Litigation?” Their research explored the current state of the American Rule and its notable statutory exceptions at the state and federal levels. Professors López and Maccarrone attempted to determine whether justice and fairness would be better served by abandoning the American Rule in favor of a “loser-pays” system that brings the U.S. rate of litigation into alignment with the English/World Rule.
Luke Ng, adjunct associate professor of marketing and international business, receiving his most recent Outstanding Paper Award this past August.
Dr. Charles Smith, Professor of Management, Entrepreneurship and General Business, Teaches a Program in Leadership Skills
Professor Luke Ng received the Outstanding Paper Award at the 2012 Emerald Literati Network Awards for Excellence for his paper titled “Best Management Practices,” published in the Journal of Management Development. He also received the Outstanding Paper Award in the Journal of Management this past August.
Distinguished Professor Dr. Matthew Sonfield Re-Elected Dean of the Fellows of the Small Business Institute Dr. Matthew Sonfield, The Robert F. Dall Distinguished Professor in Business, was re-elected Dean of the Fellows of the Small Business Institute. The Small Business Institute is the oldest academic organization in the United States focusing on small business and entrepreneurship. Dr. Sonfield has been the Dean of the Fellows for 10 years.
Professor Luke Ng, Adjunct Associate Professor of Marketing and International Business, Receives Two Outstanding Paper Awards
Dr. Charles Smith, professor of management, entrepreneurship and general business, taught a program on leadership skills for Tibetan Scholarship Program graduate students studying in the United States. The program was sponsored by the Tibet Fund in New York City, which provides scholarships to graduate students who are Tibetans in exile from India, Nepal and Bhutan.
Dean Socci Presents Awards for Research and Service
Left: Dr. Ahmet Karagozoglu, associate professor of finance and Dean’s Research Award recipient. Center: Keun S. Lee, associate professor of marketing and international business and Dean’s Service Award recipient. Right: Dr. Boonghee Yoo, professor of marketing and international business and Dean’s Service Award recipient.
At the final faculty meeting of the 2011-2012 academic year, Dean Patrick Socci presented awards for outstanding service and achievement to select faculty. Dr. Ahmet Karagozoglu, associate professor of finance, received the Dean’s Research Award. The Dean’s Service Award was presented to Keun S. Lee, associate professor of marketing and international business, and Dr. Boonghee Yoo, professor of marketing and international business. 13
Zarb Student Accomplishments
Zarb Students Finish Second in the First Competition of the Adirondack Cup Faculty advisors Linda Schain (third from left) and Elizabeth Venuti (second from right) with winning team.
Delta Pi Chapter of Beta Alpha Psi Wins First Place in the Deloitte Best Practices “Out of the Box” Competition The Delta Pi Chapter placed first in the Deloitte Best Practices “Out of the Box” competition at the Beta Alpha Psi Atlantic Coast Regionals. This award recognizes the chapter’s accomplishments in developing and successfully executing the International Accounting Student Program. The winning team represented Hofstra at the international meeting in August. Team members included Stephen Mobilio, Nicole Neglia, Tiantian Wang, Lyubov Yusupova and Yue Zhang.
Zarb undergraduate students finished second, with a 33.81 percent return, in the first competition of the Adirondack Cup, and were among only a few teams that outperformed the Russell 2000 during this period. The Adirondack Cup is a small-cap, stock investment competition sponsored by the Adirondack Small Cap Mutual Fund. A total of 18 colleges and universities in New York and New England participated in the cup, and each team was challenged to manage a hypothetical $1 million portfolio, made up of five small-cap companies from different sectors of the Russell 2000 index. A networking and celebration reception was held in Albany, New York, on April 19, 2012, for all team members. Dr. Edward Zychowicz was the faculty advisor.
HAMA students at the American Marketing Association’s Case Competition in New Orleans.
Hofstra American Marketing Association Places Third in the American Marketing Association’s Case Competition The Hofstra American Marketing Association (HAMA) placed third in the American Marketing Association’s Case Competition held in New Orleans from March 22 to 24, 2012. The AMA Case Competition was sponsored by Pearson Learning Solutions. Students developed a marketing plan for Pearson’s new service concept Prepare. Of the 48 cases submitted, 10 were selected to present in New Orleans. The student presenters who attended the Case Competition were Danielle Mudge, Brooke Sailer, Glenn Sardelli, Nick Schweers and Kendall Smith. Dr. Rick Wilson served as the team’s faculty advisor.
Hofstra American Marketing Association Wins Awards at the 34th Annual International Collegiate Conference The Hofstra American Marketing Association (HAMA) received several awards at the organization’s international collegiate conference in New Orleans this spring. These awards included: Outstanding Communication; Outstanding Chapter Planning; Outstanding Community Service; Honorable Mention for Marketing Week Activities; and Fourth Place: AMASavesLives Video-Most Views.
Congratulations to the E.M.B.A. Class of 2012!
2012 E.M.B.A. Class On April 14, 2012, the Zarb School of Business hosted a celebration for the E.M.B.A. Class of 2012. The graduating class included Eugene Beretsky, Andrew Cameron, Brian Kurtz, Nicholas LaLota, Kemi Obadina, Edward Palleschi, Nayan Parikh, Michael Pepper, Patricia Piedra, Frank Ramos, Dganit Raviv, Vincent Rizzo, Songul Sendur, Allison Spinelli and Prashanth Toom.
Zarb Student Accepted into the International Radio and Television Society (IRTS) Summer Fellowship Program Jade Keena, a member of the Hofstra Advertising Club, was accepted into the International Radio and Television Society (IRTS) Summer Fellowship Program – a highly competitive and selective program where only 18 students are chosen from across the country. This is the first time a Hofstra student was selected for this fellowship. As a summer fellow, Jade received a housing grant in New York City and participated in an eight-week paid internship with a major company in the advertising/communication field. Jade is pursuing a B.A. in public relations, with a minor in marketing.
Spring 2012 M.B.A/M.S. Scholarship Recipients
Zarb students participated in PricewaterhouseCooper’s xACT competition, which focuses on high-level issues designed to test and improve students’ decision-making skills. The Zarb School of Business sponsored seven teams, each mentored by a Hofstra faculty member. The winning team was mentored by Linda Schain and included the following students: Bennet Cinelli, Kristen Follo, Eric Merten, Heather Thomas and Alexandra Zimmerman.
In recognition of their superior academic achievement, the following students were awarded scholarships:
Zarb Students Participate in the CFA Institute Research Challenge
William Albert Brian Beissel Hung Yi Cheng Franco Davi William DeGraaff Mark Diminico Philip DiTomasso Ashley Elem Kimberly Fazio John Fulton James Gallo Daniel Kim Alan Klaben
The CFA Institute Research Challenge is sponsored by CFA Institute and locally hosted by the New York Society of Security Analysts (NYSSA). The CFA Institute Research Challenge is an educational initiative in which leading industry professionals teach business and finance students how to research and report on a publicly traded company. NYSSA started the competition 10 years ago (as the Investment Research Challenge) as a means to promote best practices in research among the next generation of analysts. Hofstra University was one of 23 participating universities, which included New York University, Cornell University, Baruch College, Boston University and University of Pennsylvania (Wharton West).
Logan Klein Bryan Lovrich Lee Mandell Veronica McMahon David Pham Christopher Rogdakis Susan Rogers Aisha Rouse Matthew Rubenfeld Greg Shapiro Obianuju Ufudo Stephanie Waters
Zarb Students Win the PricewaterhouseCoopers xACT Competition
Hello All, It has been a long time since I last updated you about my professional life. I recently launched an online retail store, UPTOWN Galeria (uptowngaleria.com), that markets and sells women’s apparel and lifestyle accessories across the globe. In addition, I have opened a retail store in New Delhi, India, that showcases all the products designed by my team. I would like to take this opportunity to sincerely thank you all. This success was not possible without the guidance and support I received studying at Hofstra University. The knowledge, skill set, information, application and other guidance gathered during my education made me realize my dreams and provided me with the tools to make it possible. My experience studying abroad not only provided me with educational knowledge, but also helped me be independent and make decisions. The guidance I received from faculty at the Zarb School of Business and the ways I learned to apply the knowledge I gained practically have truly helped me in my career. I sincerely appreciate your support and thank you for your guidance. Regards, Sonam Bhambri, M.B.A. ’11
Zarb’s “Team Blue Shirt” Wins the xACT Tournament More than 50 Zarb students participated in the xACT Tournament, a competition that gives students the opportunity to solve real-world issues and develop their critical thinking and communications skills. Only 26 schools from across the nation were invited to compete in this tournament, including New York University, University of California–Los Angeles, Wake Forest University, Tulane University, Villanova University and University of Illinois. Congratulations to the winning Hofstra team, “Team Blue Shirt,” whose members included Beth Bronikowski, Mariel Davey, Peter Magistrale, Alyssa Ruggiero and Elizabeth Sodano. The team was advised by Jacqueline Burke, associate professor of accounting, taxation and legal studies in business.
Delta Pi Chapter Recognized Internationally as a Superior Chapter Delta Pi Chapter has been recognized internationally by Beta Alpha Psi as a Superior Chapter for the 2011-2012 academic year. The Delta Pi Chapter far exceeded the baseline requirements of Beta Alpha Psi and has excelled in the areas of academics, professionalism and leadership.
“Team Blue Sh irt” winners (L -R): Peter Magistrale, M arie Elizabeth Soda l Davey, Beth Bronikowski, no and Alyss a Ruggiero.
Meichen Dong, a Zarb M.S. student in marketing research, has been invited to the ninth Eurasia Business and Economics Society Conference. As co-author of the paper “Inter-modal Transportation as Value Added Positioning for North East China Ports,” she will present at the 2013 conference in Rome, Italy. “Without the Zarb School’s resourceful academic environment, I wouldn’t have had the tools I needed to complete this paper. I would like to thank my professors, Dr. Anil Mathur, Dr. Farrokh Guiahi, Dr. Robert Gordon and Professor Deborah Dolan, for their support during this process. Their passion for academic research has guided me in realizing my passion and what I desire for my own future.” Meichen Dong, Zarb M.S. student in marketing research and co-author of “Inter-modal Transportation as Value Added Positioning for North East China Ports.”
US-China: Opportunities for New Business Partnerships Conference at Hofstra University
he Frank G. Zarb School of Business and Center for International Financial Services and Markets presented a conference titled US-China: Opportunities for New Business Partnerships on May 8, 2012. This conference included discussions regarding issues that confront the two largest economies in the world and new forms of business partnerships and governmental cooperation that may foster mutual growth. Speakers from different professions offered unique perspectives on the future of business cooperation between the two countries. The overall goal of harmonizing regulations and corporate governance between countries that have very different cultures, backgrounds and political systems provided some thought-provoking and illuminating discussions throughout the day. The conference, organized by Professor Luke Ng and Dr. Anoop Rai, commenced with a keynote breakfast presentation by Brian McNally, president of specialty businesses, Arrow Electronics, Inc. Stephen Roach, senior fellow, Jackson Institute for Global Affairs, Yale University, and former chairman, Morgan Stanley Asia; and Anita
Chan, director, Economic and Trade Office, Hong Kong, Special Administrative Region (SAR), China, served as the luncheon and dinner keynote speakers, respectively. Other speakers included Mingqiang Bi, general manager, Industrial and Commercial Bank of China; Harry Broadman, chief economist, PricewaterhouseCoopers; Charles Chen, professor of accounting, China Europe International Business School; Ellen Deutsch, senior vice president and chief growth officer, The Hain Celestial Group Inc.; Martha McGarry, senior partner, Skadden, Arps, Slate, Meagher & Flom LLP; Jeffrey Nagel, chief executive officer, NBTY Inc.; Brian Ruane, CEO, Alternative and Broker-Dealer Services, BNY Mellon; Timothy Speiss, partner, EisnerAmper LLP; Stephen Spitz, chief marketing officer, Lifetime Brands; Fred Teng, chief executive officer, NewsChina magazine; Albert Ting, regional manager, China and Japan, U.S. Department of Commerce; LĂşcio Vinhas de Souza, managing director, Moodyâ€™s Investors Services; Tai Wang, co-founder, WAC Lighting Inc.; and Chen Weihua, deputy editor, China Daily USA.
Brian Ruane, CEO, Alternative and Broker-Dealer Services, BNY Mellon, addresses the capacity audience at the US-China conference.
Left: (L-R): Luke Ng, conference co-director and adjunct associate professor of marketing and international business, Hofstra University; Stephen Roach, former chairman, Morgan Stanley Asia, and senior fellow, Yale University; Dr. Anoop Rai, conference co-director and professor of finance, Hofstra University; and Dean Patrick Socci, Frank G. Zarb School of Business, Hofstra University. Right: (L-R): Dr. Anoop Rai; Professor Luke Ng; Dean Patrick Socci; and Anita Chan, director, Hong Kong Economic and Trade Office, SAR, China.
Real Estate and Alternative Investments: 2012 and After On November 8, 2012, Dr. Patrick Socci, dean of the Frank G. Zarb School of Business, and Richard V. Guardino, Jr., Esq., executive dean of the Wilbur F. Breslin Center for Real Estate Studies and vice president for business development at Hofstra University, collaborated to present a conference titled Real Estate and Alternative Investments: 2012 and After, offering faculty and students perspectives from some of the most outstanding members of the real estate and financial communities.
Matthew Moran, vice president, Chicago Board Options Exchange.
onference co-directors Ehsan Nikbakht and Andrew Spieler coordinated a team of industry experts to lead discussions throughout the day. Keynote addresses were given by David M. Blitzer, managing director and chairman of the Index Committee, S&P Dow Jones Indices, and Matthew Moran, vice president, Chicago Board Options Exchange. In addition, panel discussions were held throughout the day. The first panel discussed alternative investments and included Christopher Brothers, director, Venture Capital Maxim Group LLC; Jason Chen, managing director, Knights Investment Group; Shaw Elashmawy, vice president, Venture Capital Maxim Group LLC; Gary Kalbaugh, director and assistant general counsel, ING Financial, and special professor of law at Hofstraâ€™s Maurice A. Deane School of Law; Steven Petersen, CFO, TPG-Axon Capital; and Rudy Sanchez, managing director, Rock Center Capital Partners, LLC. The second panel focused on real estate and included Richard Coppola, managing director, Global Real Estate, TIAA-CREF; Steven Dubb, vice president of finance, The Beechwood Organization; Mathew A. McLash, vice president and general counsel, Triple Five Worldwide Organization, Canada; Donald Monti, president and CEO, Renaissance Downtowns LLC; and Shawn Rosenthal, managing director and principal, Ackman-Ziff Real Estate Group.
Steven Dubb, vice president of finance, The Beechwood Organization. Andrew Spieler, conference co-director and associate professor of finance, Frank G. Zarb School of Business.
Jason Chen, managing director, Knights Investment Group.
Gary Kalbaugh, director and assistant general counsel, ING Financial, and special professor of law at Hofstraâ€™s Maurice A. Deane School of Law.
Dr. George J. Papaioannou, vice dean and C.V. Starr Distinguished Professor of Finance and Investment Banking, Frank G. Zarb School of Business.
Ehsan Nikbakht, conference co-director and professor of finance, Frank G. Zarb School of Business.
(L-R): Dr. Patrick Socci, dean, Frank G. Zarb School of Business; Richard Coppola, managing director, Global Real Estate, TIAA-CREF; Ehsan Nikbakht, conference co-director and professor of finance, Frank G. Zarb School of Business, Dr. George J. Papaioannou, vice dean and C.V. Starr Distinguished Professor of Finance and Investment Banking, Frank G. Zarb School of Business; Gioia Bales, associate dean, Frank G. Zarb School of Business; Matthew Moran, vice president, Chicago Board Options Exchange; Andrew Spieler, conference co-director and associate professor of finance, Frank G. Zarb School of Business; Richard V. Guardino, Jr., Esq., executive dean of the Wilbur F. Breslin Center for Real Estate Studies and vice president for business development at Hofstra University; and Jason Chen, managing director, Knights Investment Group.
Shaw Elashmawy, vice president, Venture Capital Maxim Group LLC.
Richard Coppola, managing director, Global Real Estate, TIAA-CREF.
Robert Campbell, moderator and associate professor of finance, Frank G. Zarb School of Business.
Shawn Rosenthal, managing director and principal, Ackman-Ziff Real Estate Group.
Donald Monti, president and CEO, Renaissance Downtowns LLC.
2011 Highlights (L-R): Moderator Dr. Ned Gandevani, president, Winning Edge Strategies; Dr. Andrew Spieler, associate professor of finance, Frank G. Zarb School of Business, Hofstra University; Dr. Patrick Socci, dean, Frank G. Zarb School of Business, Hofstra University; Dr. Milena Petrova, assistant professor of finance and real estate, Syracuse University, and consultant; Diane Garnick (B.B.A., ’96), investment strategist, Hyde Park Angels; Dr. Randy Anderson, Howard Phillips Eminent Scholar Chair and professor of real estate, University of Central Florida; Dr. Ehsan Nikbakht, professor of finance, Frank G. Zarb School of Business, Hofstra University; and Richard V. Guardino, Jr., Esq., executive dean, Wilbur F. Breslin Center for Real Estate Studies and vice president for business development, Hofstra University.
Fourth Annual Conference on Real Estate This conference, sponsored by the Breslin Center for Real Estate Studies and the Zarb School of Business, focused on making investments in real estate in the current economic environment. A group of industry experts and business professionals were invited to share their latest assessments of the market, business models and the strategies they used in their operations. Opportunities, financial risk and exit strategies, including the anatomy of a real estate auction process, were presented.
Dr. Milena Petrova, assistant professor of finance and real estate, Syracuse University, and consultant.
Peter LaMassa, executive director, J.P. Morgan Private Bank Alternative Investments Group.
Misha Haghani, Esq., principal, Paramount Realty USA, LLC.
Dr. Patrick Socci, dean, Frank G. Zarb School of Business, Hofstra University.
(L-R): Richard V. Guardino, Jr., Esq., executive dean, Wilbur F. Breslin Center for Real Estate Studies and vice president for business development, Hofstra University; Dr. Andrew Spieler, associate professor of finance, Frank G. Zarb School of Business, Hofstra University; Dr. Randy Anderson, Howard Phillips Eminent Scholar Chair and professor of real estate, University of Central Florida; Michael Motazedi, M.B.A. student, Frank G. Zarb School of Business, Hofstra University; Chris Hartford, M.B.A. student, Frank G. Zarb School of Business, Hofstra University; and Dr. Ehsan Nikbakht, professor of finance, Frank G. Zarb School of Business, Hofstra University.
Zarb School Graduate Career Services Executive Speaker Series Presents Andrew Tisch Andrew Tisch, co-chair of the board and Office of the President of Loews Corporation, gave a presentation as part of the Zarb School’s Executive Speaker Series. Mr. Tisch discussed managing in difficult times and addressed students’ questions.
(L-R): Barbara Church-Kattan, director of Graduate Business Career Services; Dr. Patrick Socci, dean, Frank G. Zarb School of Business; Luke Ng, adjunct associate professor of marketing and international business; Andrew Tisch, co-chair of the board and Office of the President of Loews Corporation; Dr. Esmeralda Lyn, former vice dean, Frank G. Zarb School of Business; and Dr. Herman A. Berliner, provost and senior vice president for academic affairs, Hofstra University.
Capital One Entrepreneurial Lecture Series: Larry Roman Presents “Leveraging Knowledge Gained at the Zarb School to Devise Entrepreneurial Solutions” Hofstra alumnus Larry Roman (B.B.A. ’77) is chief executive officer of WDF Inc., one of the nation’s leading plumbing, HVAC contracting and specialty general contracting companies. This company’s projects include the Freedom Tower, the Time Warner Building, Rockefeller Center, Lincoln Center, Yankee Stadium, Madison Square Garden, Seven World Trade Center and Goldman Sachs’ lower Manhattan headquarters.
A Year in Review • 2012 FEBRUARY February 7: Zarb School Career Services Resume Critique for Undergraduate Students Alumni met with Zarb students on a one-on-one basis to review their resumes and offer feedback. Alumni from the following companies attended: Goldman Sachs & Co., CMG Partners, Simcorp, Kaplan Inc., Financial Alternatives Inc., Wells Fargo Business Credit, Capital One Bank and Citibank. February 10: Effective Presentation Skills Workshop for Graduate and Undergraduate Students Recognizing the importance of strong communication skills in today’s competitive business environment, the Zarb School welcomed Marc Kopman, a professional business trainer, to provide a workshop on effective presentation skills. The workshop consisted of six hours of training offered on two consecutive Fridays in February and March. February 13: Zarb School Career Services Undergraduate Practice Interviews Alumni sat one-on-one with Zarb students to conduct full practice interviews and offered feedback and guidance on how to improve their interview skills. Alumni from the following companies attended: Goldman Sachs & Co., Millman Inc., Forest Hills Financial Group, Capital One Bank, Kaplan Inc. and Financial Alternatives Inc. February 15: Zarb Women in Business Alumni Panel Zarb Women in Business (ZWIB) invited some of Hofstra’s most successful alumni back to campus to share their stories, network and answer questions. Alumni included
Laurel Kretzing (J.D. ’85), Jaspan Schlesinger LLP; Diane Giodano (B.B.A. ’82), Marcum LLP; Lorraine Aycock (B.A. ’85), Bank of America; and Andrea Feinberg (B.S.Ed. ’72), Coaching Insight LLC. All of these alumni have been named by Long Island Business News to the list of the Top 50 Most Influential Women in Business on Long Island.
February 22: Employment Immigration Workshop and Lecture A workshop for international students was sponsored by Hofstra’s Immigration Law Society and Office of Multicultural and International Student Programs. A lecture was given by Thomas A. Williams III, an attorney who is experienced in the field of employment immigration. Discussion topics
included: professional visas, types of employment green cards, certifications required to obtain visas, timing of different applications, and pros and cons of different employment immigration options.
February 29: Zarb School of Business Executive Speaker Series Sponsored by the Information Technology and Quantitative Methods Department’s Executive Board of Visitors Karen Parrish, vice president of SWG Public Sector Industry Framework Solutions at IBM, gave a presentation on “Business Analytics for Better Outcomes.”
(L-R): Lee Bogner, social business and analytics consultant; Dr. Farrokh Nasri, professor, Department of Information Technology and Quantitative Methods; Dr. Patrick Socci, dean, Frank G. Zarb School of Business; Len Santalucia, CIO, Vicom Infinity; Karen Parrish, vice president of SWG Public Sector Industry Framework Solutions, IBM; Dr. John Affisco, professor, Department of Information Technology and Quantitative Methods; and Barbara Viola, president, Viotech Solutions.
ZWiB members with panelists.
(L-R): Karen Parrish; Fredy Valencia, former president, Hofstra Information Technology Association (HITA); and Barbara Church-Kattan, director, Graduate Business Career Services.
Highlights of Recent Events Hofstra alumnu s Joseph Gre gory, former chief op erating of ficer of Lehman Brothe rs, discusses th e financial crisis with Hofstra st udents.
Students at LinkedIn presentation.
Students at World Bank
(L-R): Angelica Silvero, head, external affairs and speakers bureau, The World Bank; Andrew Forman, director of Hofstra’s M.B.A. Day Program and associate professor of marketing and international business; Samir Puri, president of the Hofstra Microfinance Association; Barbara Church-Kattan, director, Graduate Business Career Services, Hofstra University; and Heike Reichelt, head, investor relations and new products, Treasury, The World Bank.
Executive Speaker Event. March 7: Microfinance Club Presents Guest Speaker Catherine Barnett attendees who asked questions with Likeable Media Catherine Barnett, vice president of Project novelties, including his best-selling book Likeable Enterprise, discussed current trends in microfinance, Social Media: How to Delight Your Customers, similarities and differences between United States and Create an Irresistible Brand and Be Generally international microfinance, how her organization is Amazing on Facebook and Other Social Networks. putting efforts into this field and career opportunities in microfinance. March 13: The Career Center Presents International Career and Workplace Expert March 7: Hofstra Advertising Club Presents Lindsey Pollack Joyce Tudryn Lindsey Pollack, global LinkedIn spokesperson, Joyce Tudryn, president and CEO of the International discussed the advantages of using LinkedIn for job Radio and Television Society (IRTS), spoke about her and internship searches. This was one of three career path and IRTS, a not-for-profit organization programs on social media sponsored by The Career dedicated to building future media leaders through Center in spring 2012. networking, events and a competitive summer fellowship program. March 21: Hofstra Microfinance Club, Hofstra March 8: Hofstra Marketing Association Graduate Finance Association and Hofstra Presents Guest Speaker Dave Kerpen Marketing Club Executive Speaker Event Dave Kerpen, The New York Times best-selling author Angelica Silvero, head, external affairs and speakers and CEO of Likeable Media, has been featured on bureau, The World Bank, and Heike Reichelt, head, CNBC’s On the Money, ABC World News Tonight, and investor relations and new products, Treasury, The the CBS Early Show, as well as in The New York Times World Bank, discussed the evolution of The World and countless blogs. Mr. Kerpen emphasized the Bank, their initiatives in Brazil, Russia, India increasing importance of social media websites, such and China and other countries, and their investment as Twitter, Facebook and Tumblr. He talked about how products. In addition, Ms. Silvero addressed how to build a brand through social media websites and The World Bank Treasury hedges risk, fixed-income gave insider information on dos and don’ts. With a portfolio management and career opportunities at The Q-and-A session at the end, Mr. Kerpen awarded World Bank.
March 21: Financial Management Association Presents Guest Speaker Joseph Gregory The Financial Management Association (FMA) hosted a speaker session with Hofstra alumnus and former chief operating officer of Lehman Brothers Joseph Gregory (B.B.A. ’74). He provided insight into the financial crisis, critiqued resumes, talked about interviewing skills, and answered personal and professional development questions raised by students. March 28: Hofstra Wealth Management Association Executive Speaker Event: Susan Ganz The Hofstra Wealth Management Association hosted an executive speaker event featuring Susan Ganz, financial services professional, The Center for Wealth Protection. Ms. Ganz, who was previously a director at Credit Suisse and a vice president at Merrill Lynch, gave a presentation on Susan Ganz “Career and Financial Navigation in Challenging Times.”
A Year in Review • 2012 APRIL
April 25: Information Technology and Quantitative Methods Executive Board of Visitors Mixer The Department of Information Technology and Quantitative Methods hosted its Executive Board of Visitors Mixer. The event gave Zarb students an opportunity to meet and network with Hofstra faculty, information technology majors and alumni, as well as IT executives from corporations and professional organizations.
April 4: Zarb School M.B.A. Private Equity Forum Event: Entrepreneurs and the Challenges in Financing Featured speakers from Runa LLC, a beverage company that primarily sells drinks brewed from guayusa, a native Amazonian tree leaf, and Proctercam Inc., a virtual online proctoring service offered to test takers and organizations that require proctored tests, explained their products and vision with Hofstra students. They also discussed how they managed financing and growth of their ventures. April 18: Zarb Financial Management Association (FMA) Executive Speaker: Michael Debello Michael Debello, an analyst at TIAA-CREF, spoke about interviewing skills and resume best practices. Mr. Debello brought sample resumes of people hired at TIAA-CREF, one of the largest pension fund providers in the world.
April 25: Financial Management Association Executive Speaker: Patrick O’Callahan The Financial Management Association (FMA) hosted its last speaker session with Patrick O’Callahan, senior portfolio manager at Goldman Sachs. He discussed his experience at Goldman Sachs and how he has witnessed the evolution of this industry over the past 17 years. Mr. O’Callahan also answered questions raised by students about choosing between an M.B.A. program and a full-time job offer.
April 18: Zarb School Executive Speaker Series Presents Hofstra Alumna Carol Greene Vincent Carol Greene Vincent (M.B.A. ’92), a partner at PriceWaterhouseCoopers, gave a presentation titled “How to Play the Game: Climbing the Corporate Ladder.”
April 25: Financial Management Association Hosts Fourth Annual Alumni Appreciation Dinner The Financial Management Association (FMA) hosted the Fourth Annual Alumni Appreciation Dinner. There were approximately 70 attendees, including alumni from an array of fields in finance, students and professors. The annual dinner offers alumni an opportunity to reminisce and create or renew relationships with current students and faculty. The Alumni Appreciation Award was presented to David Katzman, vice president of the Zarb Alumni Association, who graduated from the Hofstra Executive M.B.A. program in 2006. April 30: Hofstra American Marketing Association Networking Dinner Panelists at HAMA’s third annual networking dinner included Evan Kutner Sr. from MSNBC; Katie Sullivan and Jenn Sacks from Media Storm; Conor Lehmkuhl from Crave.com; Fred Rotker from Starwood Hotels; Chris Mayo from Wells Fargo; Katie Gordon from Noise Marketing; and Lauren Saladino from McDonald’s. Several companies offered internships and employment opportunities.
Hofstra College Start-Ups Officers Nathan Sukonik (left) and Jonathan El-Kordi Hubbard. FMA officers at Alumni Appreciation Dinner.
The Department of Information Technology and Quantitative Methods Executive Board of Visitors Mixer.
HAMA of fic ers at Hofst ra American Association Marketing Net working Dinner.
Highlights of Recent Events May 18: M.B.A./M.S. Year-End Celebration M.B.A/M.S. year-end celebration at the Allegria Hotel in Long Beach.
Barbara Church-Kattan, director, Graduate Business Career Services (far right), and Lisa Kellerman, associate director, Graduate Business Career Services (far left), with former and current Career Services graduate assistants. Joel Simkins (B.B.A. ’98), associate director and senior gaming and leisure analyst, Credit Suisse (right); and Andrew Cohn, president of the Hofstra Investment Banking Association.
Sir Martin Sorrell, chief executive of WPP (right), with Luke Ng, adjunct associate professor of marketing and international business.
Hofstra alumni Reginald Andr e, president, Za rb Alumni Associa tion (B.B.A. ’04) (fa r right), Chris Pica (B.B .A. ’08) and Jenna Te vere (B.B.A. ’09).
MAY May 1: ALPFA Networking Event ALPFA’s networking event featured three Hofstra alumni: Richard Gray (B.B.A. ’85), managing director at JP Morgan Asset Management; John Watras (B.B.A. ’77), senior vice president at Concept Capital; and Yxa Bazan (B.B.A. ’89), executive director at JP Morgan. May 2: Hofstra Investment Banking Association Presents Hofstra Alumnus Joel Simkins Hofstra alumnus Joel Simkins (B.B.A. ’98), associate director and senior gaming and leisure analyst at Credit Suisse, spoke about his career progression and the gaming industry, and added additional information on the hospitality and cruise line industries. 24
May 9: M.B.A./M.S. Marketing Association Sponsors Corporate Visit to J. Walter Thompson Approximately 75 students from the Zarb School of Business visited the J. Walter Thompson (JWT) corporate headquarters in New York City to learn about new marketing methods from a panel composed of JWT creative staff. This initiative also included a special address by and Q-and-A session with Sir Martin Sorrell, chief executive of WPP, the world’s largest marketing communications group.
JULY July 18: Alumni Networking Event in New York City More than 75 alumni representing every major gathered in New York City to network, following an extremely successful networking event on Long Island in May.
A Year in Review • 2012 d, Steven Medar A PF AL t, en presid (center); with z, Anthony Orti A; secretar y, ALPF cia, and Sofia Gar r, at alumni adviso A the 40th ALPF l na io at N Convention.
Corporations such as Disney and Walmart provided on-site interviews and job offers to students.
Members of Hofstra’s Delta Pi Chapter at the American Heart Association Walk.
September 23: The Delta Pi Chapter participated in the American Heart Association Walk at Jones Beach with LIU Post and KPMG.
Convention luncheon, where 3,000 students and professionals were in attendance.
OCTOBER Christina Romer, former chairperson of the Council of Economic Affairs for President Barack Obama.
The Morgan Stanley booth at the career fair seeking students for internships and full-time positions.
AUGUST August 10-15: Hofstra ALPFA Members Attend 40th ALPFA National Convention at Caesars Palace, Las Vegas From August 10 to 15, Hofstra ALPFA members attended the 40th ALPFA National Convention at Caesars Palace, Las Vegas. There were more than 3,000 students and professionals in attendance. The convention offered workshops and events hosted by prominent business leaders. It also included a career fair with interviews and job offers on-site.
September 12: Debate 2012 Event: Christina Romer As part of several Debate 2012 events, Christina Romer, former chairperson of the Council of Economic Affairs for President Barack Obama, gave a discussion titled “What’s at Stake? Economic Issues in the 2012 Presidential Election.”
SEPTEMBER September 22-23: Hofstra University Start-Ups (HUSU) Participate in the 2012 College Startup Showcase This event presented a unique opportunity for students to interact, collaborate and learn from mentors, experts and entrepreneurs from the startup community. Held at the Wix Lounge, undergraduate and graduate students and recent graduates were given 18 hours to design and build a startup of their own and then pitch it to an expert panel of investors and entrepreneurs.
October 1: Hofstra’s Financial Management Association (FMA) hosted “Faces of Finance,” a panel of professionals who spoke about their careers and offered students an open forum for discussion. Representatives from PWC, Jones Lang LaSalle, Gain Capital and Barclays were present. October 1-5: Hofstra American Marketing Association (HAMA) celebrated Marketing Week with various activities on and off campus. It began with a mixer, followed by events regarding organ donation and sports marketing, and concluded with a ropes course and scavenger hunt in New York City.
HAMA participants on their scavenger hunt.
Highlights of Recent Events HAMA participants continuing their scavenger hunt.
annual ing for Zarb’s Students arriv . ue ec Barb Welcome Back
HAMA concluding Marketing Week’s festivities in New York City.
Dr. Patrick Socci, dean, Frank G. Zarb School of Business, with Zarb students at the barbecue.
David Katzman, vice president, Zarb Alumni Association, speaking to students at barbecue.
October 3: The Zarb School of Business hosted its annual Welcome Back Barbecue for students. There they had the opportunity to meet the dean, faculty, administrators, alumni representatives and staff. Free Zarb T-shirts were also distributed. October 8: The Zarb Executive Speaker Series featured Marisa Viveros, vice president, Security Services at IBM. She presented on “Cybersecurity” to more than 90 Zarb students. October 17: The New York State Society of CPAs Networking Night was held at Chateau Briand in Carle Place, New York. Attended by more than 25 Zarb accounting and taxation majors, the event featured educational programming about careers and networking with professional CPAs from Nassau County firms. October 17: Hofstra Investment Banking Association (HIBA) hosted Brian Lessig, former managing director at Merrill Lynch Investment Bank and current president of Southport Lane Management. 26
October 26: The Delta Pi Chapter of Beta Alpha Psi continued its efforts in supporting the international accounting students program, which began in fall 2011 with the intention of bridging the gap between domestic and international students. At a bowling event in Garden City, attendees were able to socialize in a fun and relaxed environment.
October 15: Debate 2012 Event: Alan K. Simpson and Erskine Bowles discuss “America’s Debt and Deficit Crisis: Issues and Solutions” Dr. Patrick Socci, dean of Hofstra’s Frank G. Zarb School of Business, introduced former Senator Alan K. Simpson and former White House Chief of Staff Erskine Bowles, co-chairmen of the National Commission on Fiscal Responsibility and Reform, as they discussed America’s current debt and financial crisis.
Linda Schain, faculty advisor for Beta Alpha Psi, department administrator and adjunct assistant professor of accounting, taxation and legal studies in business, and Nathan Slavin, professor of accounting, taxation and legal studies in business (center), with Beta Alpha Psi members at a bowling event for the International Accounting Students Program.
Erskine Bowles (right) and Alan K. Simpson (center) with Dr. Patrick Socci, dean of Hofstra’s Frank G. Zarb School of Business.
A Year in Review • 2012 NOVEMBER
Beta Alpha Ps i members at Pw
November 16: The Zarb School of Business hosted its annual Thanksgiving dinner for more than 150 Zarb international students. Guests enjoyed customary Thanksgiving food and learned about the traditions and history of the holiday. November 16: Capital One Bank was honored at a Hofstra basketball game for its contributions to various community partnerships, such as Money and Me and the Entrepreneurship Challenge with Hofstra University (see pages 4 and 5 for details). November 16: The Hofstra Information Technology Association (HITA) visited IBM in Poughkeepsie, New York, giving students the opportunity to learn how the multinational corporation conducts business on a daily basis.
Andrew Corrado, market president, Nassau County, Capital One Bank (third from left), and Gioia Bales, associate dean, Frank G. Zarb School of Business (fourth from right), with Money and Me teachers and students at a Hofstra basketball game at which Capital One Bank was honored.
Hofstra students explored several areas of the facility throughout the day, including the IBM mainframe, power systems, storage systems, the manufacturing floor and the new green data center.
October 16: Hofstra University Hosts the Second 2012 Presidential Debate The Commission on Presidential Debates chose Hofstra as the site of a presidential debate in both 2008 and 2012. Hofstra is one of only three universities that have hosted more than one presidential debate.
C headquar te
Beta Alpha Psi Board with Dr. Patrick Socci, dean, Frank G. Zarb School of Business, at the fall 2012 induction dinner.
November 28: HAMA hosted its fourth annual networking dinner. Companies represented included Lacoste, Northwestern Mutual, Target, Mediavest, Yahoo, New York Life, Clearvision Optical and SpaFinder Wellness. November 30: Every semester, Beta Alpha Psi organizes professional visits to corporations. In fall 2012 the group visited PwC’s Manhattan office and KPMG’s Melville office. Members were given an office tour, met professionals from the firm and attended a formal presentation.
DECEMBER December 6: In fall 2012 the Delta Pi Chapter of Beta Alpha Psi inducted 10 new members, each of whom demonstrated stellar academic records, professionalism and commitment to serve the community. 27
Jeffrey Halfpenny (B.B.A.) of Carle Place, New York, spoke at a two-hour webcast titled “Form 990: A 2012 Update” for The Knowledge Group, the leading producer of regulatory focused webcasts. Kevin Higgins (B.B.A.) of Rockaway, New Jersey, was named president and chief operating officer of Hart Energy. Terence E. Smolev
Robert O. Mayer
Ted Kraut (B.B.A.) of Weston, Florida, was named a partner at Accelerated Brands Corp., a Chicago-based cutting-edge supplier to the distilled spirits industry. The company supplies distributors across the United States.
Terence E. Smolev, Esq. (B.B.A.) of Jericho, New York, formerly a partner at the law firm of Forchelli, Curto, Deegan, Schwartz, Mineo, Cohn & Terrana LLP, is now practicing law as Terence E. Smolev, P.C.
Michael R. D’Agnes, FACHE (B.B.A.) of East Brunswick, New Jersey, received the American College of Healthcare Executives (ACHE) SeniorLevel Healthcare Executive Regent’s Award at the organization’s recent New Jersey Chapter annual meeting. The Regent’s Award recognizes affiliates who are experienced in the field and have significantly contributed toward the advancement of healthcare management excellence and the achievement of the goals of ACHE, an international professional society.
Edward Finlay (B.B.A.) is happily retired in sunny Fort Pierce, Florida. 28
Russell I. Marnell
Lisa M. Ricciardi
Robert O. Mayer (B.B.A.) of Plainview, New York, was named to jointly chair the Nassau County Museum of Art’s Corporate Committee.
Martin Cohn (B.B.A.) of Denver, Colorado, is leading the sales, marketing and operational aspects of PricewaterhouseCooper’s Rockies practice. He is also the national leader of the sales and marketing aspects of PricewaterhouseCooper’s sports industry practice. Robert DiGiamo (B.B.A.) rejoined VistaOne Solutions as the new head of professional services for Global Reporting.
Thomas H. Astore (B.B.A.) of Braintree, Massachusetts, was promoted to partner at Rodman & Rodman, P.C., a CPA firm that provides tax advisory services and business strategies for small and midsized companies throughout New England. Rosemarie Gregorio (B.B.A.) of Carle Place, New York, is the national partner-in-charge of the Marcum Family Office practice.
Tim Cluess (B.B.A.) of Floral Park, New York, received a contract extension as men’s basketball head coach for the Iona College Gaels though the 2016-2017 season.
Russell I. Marnell (M.B.A., J.D.) of Huntington Station, New York, was a guest speaker at a meeting of the Association of Divorce Financial Planners held at the Suffolk County Bar Association on October 18, 2011, regarding financial issues in same-sex marriages.
Jenna Wims Hashway (B.B.A.) of Pawtucket, Rhode Island, graduated from Roger Williams University School of Law in May 2011. She was editor in chief of the Roger Williams Law Review and valedictorian of her class. She was a judicial law clerk at the U.S. Bankruptcy Court, District of Rhode Island, and has now begun a two-year clerkship with the chief justice of the Rhode Island Supreme Court. Martin Hyman, CPA (M.B.A.) of Fairport, New York, was appointed partner at Marks Paneth & Shron, one of New York’s leading accounting firms. Christopher Pendergast (B.B.A., M.B.A. ’91) of Farmingdale, New York, was elected to the board of directors of Girl Scouts of Nassau County.
Michael Della Penna (B.B.A., M.B.A. ’93) of Garden City, New York, was appointed to the newly created role of senior vice president, emerging channels, at Responsys, Inc., a leading provider of email and cross-channel marketing solutions. Lisa M. Ricciardi (B.B.A.) of Massapequa, New York, a founding partner at the Garden City-based Armao, Costa & Ricciardi, CPAs, P.C., was granted the
designation of Certified Construction Auditor by the National Association of Construction Auditors and was named a 2012 Woman in Real Estate, featured in the New York Real Estate Journal. Janet Verneuille (B.B.A.) of Sag Harbor, New York, joined Empire National Bank as chief financial officer and executive vice president. Richard C. Wallet (B.B.A.) of Hollywood, Florida, was named senior vice president, site experience, of Fanatics, Inc., the world’s largest online retailer of officially licensed sports merchandise.
Jonathan Cooper (B.B.A.) of Norfolk, Virginia, was named the American Hockey League’s (AHL) Coach of the Year for coaching the Norfolk Admirals during the 2011-2012 season. Debra Markowitz (B.B.A.) of North Merrick, New York, was honored by the Long Island Arts Council at Freeport at its inaugural “Top 25 Advocates for the Arts” Reception. The awards reception honored 25 individuals who have demonstrated an outstanding commitment to the arts on Long Island. Tori Piechocniski (B.B.A.) of Long Beach, New York, was promoted to executive vice president at Marcum Search LLC. Edward Watson (M.B.A.) of Rockville Centre, New York, was named executive vice president and chief operations officer at BNY Mellon, a global leader in investment management and investment services. Dawn Wilson (B.B.A.) of Arlington, Virginia, is currently licensed as a realtor in the District of Columbia, Virginia, and Maryland, and is also a certified real estate divorce specialist. She is a featured speaker for the nonprofit AHOME, providing seminars for first-time home buyers, and for Second Saturday, a national program that offers free seminars on issues such as law, finance, and real estate for people contemplating or going through divorce. She is also
president of the Women’s Alliance for Financial Education, a nonprofit dedicated to helping women become empowered in their personal and professional lives by providing information and financial education.
Brian Rabinovitz, CPA, CM&AA (B.B.A.) of Oak Park, California, was named a principal at Martini, Iosue & Akpovi, a southern California-based certified public accounting firm in Encino, California.
Mark A. Cirelli, CPA (B.B.A.) of St. James, New York, was installed as president of the Suffolk Chapter of the New York State Society of Certified Public Accounts (NYSSCPA) for a one-year term. He is also president of North Shore Wealth Management Advisors Inc. Jason Wisniewski (ALND) of Fort Wayne, Indiana, was named girls soccer head coach at Dover High School in Dover, New Hampshire.
Michael Lin (B.B.A.) of Huntington Beach, California, was named chief financial officer at Gehry Technologies.
Kevin Boston-Hill (B.B.A.) of West Hempstead, New York, is assistant principal at Barry Tech High School in Westbury, New York, after 15 years of service at the New York City Department of Education.
Nina Castro McCann
Lucy Cates (B.B.A.) of Wantagh, New York, is branch office manager at Amherst Securities Group LP. She previous worked for Bear Stearns for more than 15 years as an associate director in fixed income sales, where she acquired her Series 7 and 63.
Diane Garnick (B.B.A.) of New York, New York, founded New York-based Clear Alternative LLC, an asset management firm that seeks to balance the gender makeup of Wall Street jobs. She is a former investment strategist from Invesco Ltd.
Matthew J. Barnes (B.B.A., J.D. ’01) of Glen Cove, New York, was named to the “40 Under 40” list by Long Island Business News. He is also one of the founding members of the commercial litigation law firm Barnes & Barnes, P.C., in Melville, New York. Nina Castro McCann (M.B.A.) of Jamaica Hills, New York, was interviewed by the New York Real Estate Journal for its annual “Women in Real Estate” issue. She is currently director of marketing and public relations for Forchelli Law in Uniondale, New York. Bret McGowan (M.B.A.) of Stony Brook, New York, was promoted to senior vice president, sales and marketing, of Vicon Industries, Inc., a leading designer and producer of network video management systems. continued on next page
Tyree Allison (B.B.A.) of Levittown, New York, is the football head coach at Christ the King in Queens, New York. Darcy Norfolk (M.B.A.) of Lake Placid, New York, was promoted to president of Adworkshop, an employee-owned digital marketing and public relations agency located in Lake Placid.
accreditation from the American Society of Appraisers (ASA). This certification is the highest designation in the gem and jewelry appraisal profession. Allison Rober (B.B.A.) of West Harrison, New York, is sales manager for Artisan Resource, a new semiannual tradeshow in New York City that offers U.S.-based importers, direct import retailers and wholesalers the opportunity to meet with international artisan enterprises.
Joseph Lopresti (B.B.A.) of Valley Stream, New York, was appointed vice president at Jones Lang LaSalle, with responsibility for tenant representation and agency leasing services, focusing his effort primarily within the Nassau County office market.
Noel Thompson (B.B.A.) of New York, New York, a former Hofstra wrestling champion and former vice president for global futures trading at JPMorgan Chase, launched his first hedge fund on March 26, 2012.
Chantal St. Louis (B.B.A.) of Brooklyn, New York, joined American Express as manager of high value customers in the Commercial Card business.
Amaka Agugua (B.B.A.) of Herndon, Virginia, is an assistant basketball coach and recruiting coordinator for the womenâ€™s basketball program at Old Dominion University.
Alina Kravets Bonsell (B.B.A.) of New York, New York, started working in the pharmaceutical industry after her graduation from Hofstra, and has been in the medical sales industry working for several global companies such as Sanofi-Aventis, Johnson & Johnson, and, most recently, Novartis. Scott Friedman (B.B.A.) of Atlantic Beach, New York, earned the Master Gemologist Appraiser (MGA) 30
Dawn DiStefano (B.B.A) of East Northport, New York, was appointed executive director of the Nassau Community College Foundation. John Orsen (B.B.A.) of Laurel Hollow, New York, was a first-pick draft by the Chesapeake Bayhawks at the 2012 Major League Lacrosse Supplemental Draft. Ronald Witkowski (B.B.A.) of North Brunswick, New Jersey, and Mark Spezio (ALND) of Kearny, New
Jersey, opened love2brew, a home beer and wine making supply company in North Brunswick.
Richard J. Brezski (M.B.A.) of Royersford, Pennsylvania, was named chief financial officer of InterDigital, Inc. Amanda Gordon (B.B.A.) of Roslyn, New York, has joined Long Islandâ€™s newest retail real estate firm, Sabre Real Estate Group LLC, as a senior associate. Alexandra Keeley (B.B.A.) of Falmouth, Maine, joined Diversified Business Communications as a receptionist.
Ronnie Cameron (B.B.A.) of Westbury, New York, was drafted by the New York Giants as a second round pick in the 2012 NFL Draft.
Michael J. Mannion (B.B.A.) of North Bellmore, New York, was named a junior accountant at Armao, Costa & Ricciardi, CPAs, P.C. Richard Martinez (ALND) of Riverview, Florida, began his third season playing soccer for the Puerto Rico Islanders. He previously played for the Westchester Flames and the Long Island Rough Riders. Stephen Sabo (B.B.A.) of Colonia, New Jersey, joined Barnum Financial Group, an office of MetLife, as a financial services representative.
Zarb Faces of Success
Joseph Magliarditi, M.B.A. ’94 Even by Las Vegas standards, Joseph Magliarditi ’94 has enjoyed a long winning streak. He is an 18-year veteran of the casino and resort industry, Joseph Magliarditi having settled in Las Vegas after a brief stint as an analyst with Times Mirror Company in New York – his first job after he graduated from Hofstra. Magliarditi recalls the advice of one of his Zarb professors – words that still resonate years later. “He said to the class – ‘it’s not about your first job. You’ll have three or four jobs before you really figure out what you want to do,‘ ” Magliarditi said. “Everybody wanted to be an analyst, everybody wanted to work on Wall Street. But the professor was 100 percent right. I’ve never forgotten it.” Indeed, Magliarditi began his career in Las Vegas as a corporate analyst for the Rio Hotel & Casino, and steadily worked his way up through the organization, eventually rising to senior vice
President of Palms Casino Resort, Las Vegas, Nevada
president of operations. He left to start a software company, which he ran for several years before returning to the gaming industry in 2005 to become chief operating officer and executive vice president of the Colorado Belle and Edgewater casinos, owned by the same family that owned the Rio. Magliarditi says Hofstra’s close proximity to New York City and the University’s reputation drew him to Zarb for his graduate studies. The upstate Niagara Falls native wanted to be close to, but not in, New York City. “Coming from upstate, I didn’t really want to live in the city. Hofstra was a great middle ground – it wasn’t the city, but it was close enough to take advantage of the opportunities there.” But after jobs at Times Mirror and Merrill Lynch, Magliarditi gambled on a future in Vegas, finding that the casino industry offered the nuts-and-bolts challenges of running a large business with the glamour of gaming. “I especially love the gaming part of the casino business – it makes it more exciting than running a traditional hotel,” he said.
Donna Moravick, N.P., R.N., M.B.A. ’08
Running a casino/resort, he said, requires, in many ways, the same skills needed to run any large business: a deft touch managing people, a vision for the future and an ability to realize that vision. “I definitely enjoy creating a new venue, a new hotel – to me, there’s nothing better than the creative part of the job,” he said. He relishes new challenges, which is how he ended up at the Hard Rock Hotel and Casino, where he became president and CEO in 2010, and then moved on to the Palms in 2011, where he has been overseeing a $125 million renovation. As he has become more successful, Magliarditi has developed a greater appreciation for his time at Hofstra. “It’s a cliché, but education really is the foundation you fall back on,” Magliarditi said. “You’re in school and you think, ‘I’m never going to use any of this, ‘ and then, all of sudden, you’re in charge of all these people and they’re looking to you for leadership and guidance, and their livelihood depends on how successful you are. More times than not, your education becomes that necessary foundation.”
Executive Director of Southside Hospital, Bay Shore, New York
Donna Moravick, who graduated from Hofstra in May 2008 with an M.B.A. in quality management, was recently named executive director of North Shore-LIJ’s Southside Hospital in Bay Shore, New York. Ms. Moravick is responsible for daily operations at the hospital and works with its management team to enhance clinical and patient services. Previously, she was vice president of cardiovascular services for North Shore-LIJ, responsible for managing cardiovascular and thoracic surgery across the health system.
She was instrumental in extending North Shore-LIJ’s cardiac surgery program to Southside in February 2011. She joined North Shore University Hospital in 1981 as a staff nurse in the surgical intensive care unit. She began working in cardiac services in 1993 as a nurse clinician for cardiac surgery. She holds a master’s degree in nursing from Stony Brook University and a master of business administration in quality management from the Zarb School. “Besides the decision to become a nurse, completing the Hofstra M.B.A. program was one of the best career decisions I have ever made. It allowed me to gain a totally different perspective on the delivery of patient care.”
SUPPORT YOUR ALMA MATER! Some amazing things are happening here at Zarb, and you are a major reason for this success. Thank you for taking the time to read this newsletter which offers a glimpse of the exciting events taking place here at the business school. Now we want to hear from you! Please send your news and updates to Patricia Salama at email@example.com. Over the years, your financial support has had a real impact on our students and our school. We hope you will take this opportunity to show your PRIDE and continue that tradition of success by visiting hofstra.edu/giving. Every single gift, regardless of the amount, makes a difference. We wish you all the best in your future endeavors and thank you for your many contributions to the Zarb School. Warm regards, Dean Patrick Socci
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