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Annual Report 2010-11

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Welcome to our second Ithaca College School of Business annual report. It is a pleasure to describe the exciting activities occurring in the School of Business and to thank our alumni and other friends for their strong support. In my first year at Ithaca College I have been struck by the deep involvement and positive engagement demonstrated by business school alumni. Their support and willingness to give back are evident throughout the articles in the following pages. We continue to pursue excellence in a variety of ways. Connections with the business community are essential to a vibrant business education. We are lucky that our alumni are so willing to come back to campus and speak with our students. These alumni provide insight about business operations, feedback on career strategies and an invaluable real-world perspective.

Fostering innovation and creativity is crucial.

Our Business-Link Professions Program, supported by our generous Business Advisory Council (BAC) members, provides a structured program focused on career readiness, starting from students’ first days in the business school. Another way of ensuring that

Entrepreneurship

our students gain the skills needed to obtain jobs is having up-to-date technology. This summer, we have acquired 12 Bloomberg terminals.

Entrepreneurship means finding your passion.

another year at HBO, and still sought fulfillment.

A year ago, Heather Lane ’10, owner of Purity Ice Cream Co. in downtown Ithaca, earned her MBA from Ithaca. This year, she taught a section of Management 397 on entrepreneurship and small business management. For the class, she designed an interactive learning experience, inviting entrepreneurs from New York City, Colorado, and Ithaca to describe “their entrepreneurial rides.”

Fostering innovation and creativity is crucial. We will begin a student competition to stimulate the creation of new businesses. This initiative, interdisciplinary in its nature, also fits with the College’s larger strategic plan, IC 20/20. The component of the business school that has impressed me the most is the incredibly active role taken by students. They organize and participate in multiple activities, listen to speakers locally and regionally, and travel to New York City, Arizona, and Alaska for the college. Engaged and proactive students gain important leadership and organizational skills; they also promote the strong sense of community that we have in the business school.

Every speaker emphasized the main ingredient in success is passion, said Lane, “and it became a joke in class known as the ‘P’ word.”

“ You’re far more likely to succeed in your career when you’re not only good at what you do but when you care about it.”

Enjoy the stories in this report that touch on these themes. And a heartfelt thank-you to all our supporters who partner with us to allow these dynamic activities to take place.

Amanda Holt Heather Lane

Mary Ellen Zuckerman Dean

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Successful entrepreneurs brought their lessons to campus this spring: find your passion and be a leader.

“I created a business based on what I’m good at and passionately feel should exist. I fell into my dream job, because I chased my strengths and passions,” said Amanda Holt, founder of the website shatterbox (www.shatterbox. com), a social network and resource blog featuring video vignettes of young professionals telling how they found job fulfillment. Since high school, her passion had been telling stories. After graduating from Duke in 2007, she spent one year at an advertising agency,

passion

A Message from the Dean

“So I decided to take this career crisis into my own hands, using my long-term passion for storytelling and sit down with young people who love what they do,” said Holt. “I decided to capture the stories on film and what eventually took shape was an online resource.”

Every individual can become an entrepreneur and a leader, says Richard Mott. And the entrepreneur, whether a capitalist or a social worker, has a responsibility to make the world a better place. Mott, a former medical device manufacturing executive and current consultant, hosted a gathering of upperclass students at his home in Trumansburg. About 25 students came for a light dinner and then heard presentations on leadership and entrepreneurship. No matter what your current job, Mott said, “concentrate on becoming an expert today, and that’s leadership.” In Lane’s final class, she passed out T-shirts that declared, “Life, Add Passion, The Best Ingredient.”

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Finance Students Witness “Flash Crash” Drama in Real Time

" The trading room is the heart of the business school. It really exemplifies what a business education at IC is: real experience, real responsibility, and real opportunity."

School of Business Acquires 12 Bloomberg Terminals

Rachel Hart ’11

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The stock market’s infamous “flash crash” of 2010 unfolded before the eyes of a School of Business class. In a matter of minutes, shortly before 3:00 p.m. May 6, 2010, the Dow Jones Industrial Average fell by about 6 percent, then recovered almost as quickly. Students watched the drama in the “Trading Room,” formally called the Center for Trading and Analysis of Financial Instruments, a jewel in the crown of a School of Business education. “The class stopped, and we all sat in awe as the numbers cycled downward on the ticker screen,” said Scott Steimer ’11. “Watching the class race to see how their investments were doing, I feel like I got a small taste of what Wall Street is really like. I felt like I was on the trading floor of a Morgan Stanley or Goldman Sachs, and that kind of experience both excites and motivates students to make that dream come true.”

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The trading room – dedicated to the study of financial, currency, and commodity markets – has a large number of workstations to accommodate the finance

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A student-led initiative has resulted in the addition of 12 Bloomberg terminals to the School of Business Trading Room.

courses of the School of Business. It’s designed to capture the atmosphere of an actual trading environment. Students can access real-time market data received from various exchanges connected to 53 workstations utilizing Thomson Reuters’ Thomson One software package and 12 Bloomberg terminals added this summer.

James Loughlin ’12, who has worked on Bloomberg terminals during internships with Blue Ridge Capital, lobbied Dean Mary Ellen Zuckerman for the Bloomberg terminals. He said they will help better prepare finance students for the job market.

Working in the trading room is a confidence booster for students.

“I presented the idea from the perspective that acquiring the Bloomberg terminals would maximize the full potential of the Trading Room, and benefit students both inside and outside the finance program, as well as faculty doing research in financial markets,” said Loughlin.

“You may learn things that are not taught in class just from using the trading room,” said Mike Maloney ’11. “I have noticed that as I become more comfortable with the tools provided, projects and papers in my business classes seem less daunting, simply because I know I can find the information I need without any problems.” Students know what they learn there boosts their chances to find a job. “The trading room gave me access to programs that I otherwise never would have learned to use. I felt competent walking into interviews knowing I could draw on my experience with Thomson One and StockVal,” said Justine Stohler ’11.

Now, Loughlin said, students will have exposure to both industry standard software systems.

Students now can use both industry standard software systems.

With its strong news and research features, Thomson One is used heavily on sales and trading desks at Wall Street investment banks

and brokerage houses, as well as the asset and wealth management divisions of those firms, he says. Bloomberg terminals stream real-time global news from multiple third-party sources and provide analytical capabilities for equity and fixed-income products, as well as currencies, commodities, derivatives, and numerous other asset classes. The terminals, purchased with an educational discount from Bloomberg, arrived with the new fiscal year that started June 1. The addition of Bloomberg terminals is good news to more than students and faculty, said Zuckerman. “The Investment Advisory Board is very pleased as well,” she said of the group of alumni working for financial firms who meet each semester with members of the Real Time Portfolio Management class for a report on the performance of the Ithaca Fund, which the class manages.

In a matter of minutes, shortly before 3:00 p.m., stock prices fell by about 6 percent, then recovered almost as quickly. Ithaca College School of Business 3


Professor Joseph Cheng Receives Academy of Finance Teaching Excellence Award

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Faculty member Joseph Cheng has received two academic honors in the past year. This year, Cheng, associate professor of finance and international business, was given the sixth annual Teaching Excellence Award from the Academy of Finance. In 2010, his presentation on “A CAPM Valuation Model for Closed End Fund” received the Outstanding Paper Award at the Conference of the Association for Global Business. The Academy of Finance selected Cheng after his presentation to a special teaching session at its annual meeting in Chicago in March. As a teacher, Cheng says, his goal is “to teach students to ‘understand’ and to ‘analyze,’ not just memorize.” As part of his application to the AOF

Professor Michael McCall Draws National Attention for Customer Loyalty Research

competition, he submitted a one-page statement of his teaching philosophy.

published by the Cornell University School of Hotel Administration.

In that statement, he explained how he uses analogies to clarify confusing concepts, such as the difference between stock price and stock value: “Showing students my wedding ring which I bought for only $80, I explained to them that if the ring is lost I would move heaven to find it because its value is far greater than $80,” he wrote. “After hearing this, students not only understand the difference between price and value, they will never forget.’’

He explains how to shift the reward card emphasis to the most profitable customer:

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Cheng, a chartered financial analyst, has taught at the School of Business since 1983. He says his teaching emphasizes helping students “to develop a heart for doing the right thing.” In his statement, he wrote, “At the end, successful people are successful because they make the right choices in life, including ethical and moral choices.” The Academy of Finance is one of 11 associated organizations in MBAA International.

Professor Michael McCall’s research may change how you can use those reward cards in your wallet. Reward cards exist to increase customer loyalty, says McCall, a consumer psychologist, and the next big change in rewards programs may follow the lead of JetBlue, “where you focus more on rewarding your best (as in most profitable) customers, who may or may not be your heaviest user.” McCall is drawing national attention for his research on reward programs, which shows that while programs have grown throughout the hospitality industry in the last 30 years, they have accomplished little in building behavioral loyalty. He is the lead author of a recent hospitality paper, “Building Customer Loyalty: Ten Guiding Principles for Designing an Effective Customer Reward Program,”

Job Success

“It takes hard work and perseverance to attain anything, whether it is a grade or position on the roster.” Erica Enders ’11

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Cast a wide net in that job search, say recent graduates who speak from experience. Rachel Lamensdorf ’10 always kept an open mind. She didn’t limit herself to the Big Four accounting firms. And Lamensdorf, who received her BS in accounting and added an MBA in public accountancy this spring, will go to work as an assurance associate for BDO.

“A frequent flier using discount sites may fly more miles, but be far less profitable than an individual who flies one time but pays for first class. Similarly, consider a visitor to a Las Vegas casino who may not gamble at all. But by the time they are done dining, shopping, golfing and visiting the spa, their value may be significant.

Like others who have secured jobs in a tight market, she started her search early, stayed active in student organizations, and put to use all of her campus experiences. The result was the job she wanted.

“In other words, dollars spent are tied to the rewards an individual might receive.” Recent media inquiries have come from the Los Angeles Times and AOL.com. McCall, a professor of marketing and law at Ithaca College and visiting scholar at the Cornell School of Hotel Administration, gave a talk at the Cornell World Summit on Hospitality and led a workshop at the SAS Premier Business Leadership Series in Las Vegas last fall.

Rachel Lamensdorf ’10

Job tips from students: • Make your job search a priority. • Begin early, as an underclassman.

achievements

• Practice your interview skills.

• Interview with as many companies as possible. • Know what you’re looking for. • Always follow up. Employers remember who said thank you.

“For me, BDO was where I felt the most comfortable,” said Lamensdorf, an assurance intern there last summer. “While it may only be No. 5 on the accounting list, it has everything I am looking for. BDO encompasses a sense of family.” Aaron Jones echoes the value of a broad search. “I think that the most important thing that I did was to keep my options open in terms of internship and job opportunities,” said Jones ’10, who also received his MBA this year.

As a junior, he applied to the Big Four as well as local firms near his home in New Jersey. He didn’t let his goal of working for PwC limit his search’s scope. “I think many students are too narrow in their search for internships and jobs, which oftentimes leads to a lack of valuable opportunities and experience,” said Jones. He’s been hired as an assurance associate in the consumer and industrial products segment of PricewaterhouseCoopers. A varied campus career leads to self-confidence. Lamensdorf said she never shied away from walking up to visiting professionals to begin a conversation. Lamensdorf competed on the gymnastics team, was a teaching assistant in three classes, and was graduate assistant to the Professional Development Coordinator this past year – all activities that she said helped her communication and leadership skills.

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“ I am now much more prepared for an interview, and more confident in handing out my resume, because I know it is complete.”

Business-Link Professions Program

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Students come to the School of Business to focus on their career aspirations and professional development. The School’s BusinessLink Professions Program centralizes all aspects of preparing students for that first job. Unveiled in the fall of 2010, Business-Link Professions Program tells students it’s dedicated to “giving you the edge.” Throughout their years on campus, students will seek internship and job opportunities. To assist them, B-LPP emphasizes three key needs:

Program updates • Graduate assistant hired in October 2010. • New marketing materials created to present to interested employers. • Campus speaker series include Fireside Chats, Visiting Entrepreneurs, Distinguished Alumni Lectures, Dean Zuckerman’s Living Leaders class.

• Developing skills and confidence. • Alumni and employer outreach increased. • Pilot program of workshops offered in spring 2011. • Website created in spring 2011. • 64% of students participate in first spring workshop. • 64% of May graduates respond to senior survey.

• Gaining insight on trends within various industries. • Making personal and professional connections with alumni and employers. Students attend workshops to gain the necessary skills. Visiting speakers offer their professional insights. A growing network of involved alumni and

benefit

Rebecca Kabel ’14

satisfied employers provides the business-world connections for students and alumni seeking new jobs. Led by the School’s professional development coordinator, Bethany Kilgore, B-LPP encourages students to attend workshops and networking events, on campus and off; email Kilgore with questions; make appointments to speak with her; or just walk into her office looking for advice. Through the alumni and corporate relations coordinator’s office in New York City, new connections were created in New York City, London, Paris, Milan and India for student internships. Students made more site trips in the New York City area. Network Nights forged new alumni relationships there and in Rochester, and Steve Gonick ’85 in Albany and Chris Didio ’84 in Syracuse hosted local networking events. Last fall faculty approved a new workshop program to build students’ contact with the professional development coordinator early in their collegiate career. After a pilot program of workshops

in the spring, a new four-year sequence of workshops starts in the 2011-12 academic year. A mentoring program pairs undergraduates with alumni in the student’s field of interest. Visit the B-LPP website, www.ithaca.edu/business/ professions, to see all the information available for students, employers, and alumni and friends. Speakers on campus Involvement of alumni and friends makes the School of Business experience last a lifetime. Many alumni and friends lend their expertise to the academic experience by appearing on campus in a range of settings. Here are some of the past year’s speakers and their topics: Visiting Entrepreneurship Series • Peter Krebs, co-founder and chief technology officer, Sefaira • Amanda Holt, CEO, shatterbox • Scott Wiener, owner, Scott's Pizza Tour • Dan Lane and Erin Moore, co-founders; Goodeye Video • Alex White, co-founder and CEO, Nextbigsound

Dean Mary Ellen Zuckerman’s Living Leaders class • Norm Jordan ’82, Gottesman Company • Arthur Catalenello ’90, Harvey Research • Scott Andrews ’95, Leading Edge, LLC • Steve Gonick ’85, Adirondack Funds • Debra Pollard Perez ’86, Fenimore Asset Management Attendance numbers In its first two semesters, B-LPP contacted 88 percent of the School’s undergraduates and 100 percent of its graduate students.

What’s next Starting in the fall, business students will attend a series of four sequential programs that address their four-year career and professional development preparedness. This sequence grew out of the pilot series of seminars and workshops offered in spring semester. The programs will introduce students to effective networking, professionalism, communication and essential skills for interview success. • Freshman program orientation will stress effective communication and networking basics, and how to dress for professional interview success.

Total contacts numbered 1,721 in the fall, 1,033 in the spring.

• Freshman/sophomore workshop will promote good work habits and essentials for effective interviewing.

Methods of contact include alumni presentations, appointments, classroom presentations, email messages, notes, networking events, Professions Programs, walkins, and other workshops.

• Sophomore/junior seminar will highlight School of Business internship courses, a student internship panel, and an individualized search plan.

“ This is valuable because internship and job recruiters are increasingly rating candidates from all aspects – resume, cover letter, first impression, online presence, and more.” Jason Rozet ’12

Total contacts numbered 1,721 in the fall and 1,033 in the spring.

• The junior/senior conference will cover the transition from college to a career or graduate school, financial decision making, and an alumni panel.

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“ Ask questions, be curious, meet people in other schools, go hang everywhere, keep an open mind, keep a creative mind.”

Strategies and characteristics of success.

Gift Will Fund New Student Entrepreneurs

Chris Burch ’76

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Entrepreneur and venture capitalist Chris Burch ’76 got his start selling sweaters on campus. His initial investment of $2,000 grew into Eagle’s Eye apparel company, one of the largest branded sweater makers in the world, with $140 million in sales. This fall, his support of the School of Business will stimulate a new generation of business creativity and innovation.

Chris Burch '76

Stimulate a new generation of business creativity and innovation.

A gift from Burch will make available prize money of up to $85,000 for the winners of a campus-wide competition that leads to the creation of a new business. The program will focus on generating ideas for new businesses. Students will learn brainstorming and idea qualification skills, practice pitching ideas in a business format, and the winners will create new businesses in the spring. Throughout his career, Burch says he’s been involved in “brands that disrupt and change the world” with new ideas and concepts. It’s the same innovative thinking that he wants to stimulate among IC students. Burch, chairman of J. Christopher Capital and co-founder of the Tory Burch women’s fashion label, favors

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luxury and technology brands. He’s a founder of or investor in such companies as Aliph Jawbone wireless accessories, Color Kinetics, Voss Water, NextJump marketing services, and PowerMat wireless charging systems.

Innate traits will get you ahead in today’s business world, say two distinguished alumni who appeared on campus in the past year.

Storch and the spring semester’s distinguished speaker, Dayna Kleinman ’93, offered insights about strategies and characteristics of success, based on their careers.

Last winter, Burch addressed students on “Brand Building for the Luxury Customer of the Future,” revealing details about Poppin; C.Wonder, a luxury retail store; and Monika Chiang, a consumer lifestyle and retail brand.

Final presentations and judging for the competition are planned for November. Future competitions may involve students from Chinese universities in teams with Ithaca students, blending Burch’s focus on the Chinese market with the college’s interest in international partnerships.

love and you’ll excel – in school, in work, in life.”

“We hire for the traits that can’t be taught,” said David Storch ’75, chairman of the board and chief executive officer of AAR Corp., at a School of Business Distinguished Alumnus Lecture last fall.

His latest venture, Poppin office supplies, recently launched on an invitation-only beta test. He says it will bring “hip and cool factors,” to a staid market.

An open mind is a creative mind, he said: “Success in business depends on creativity, watching and understanding people, then doing what your passion and your heart say.”

Distinguished Alumni Give Back to the Business School

Storch’s company, which provides products and services for the aviation/aerospace industry, looks for people who are “motivated, excited, and switched on.”

David Storch ’75

Be the best you can be, Storch told students. It all depends on a person’s attitude. Fortysix percent of new hires will fail within 18 months, and 89 percent of the failures are for attitudinal reasons, not skills. “ Having humility and a little humor about yourself never hurts.” Dayna Kleinman ’93

“Traits like coachability, emotional intelligence, and temperament determine whether people succeed or fail,” he said. “Don’t seek out or stay in a job you don’t really like. Choose what you

When Kleinman, first vice president and senior product manager of alternative investments at Robert W. Baird & Co. in Chicago, interviews job applicants, she looks for “gumption and grit.” She says she likes people who talk about “being a go-getter, taking charge of a situation but doing it respectfully.” Kleinman recently joined the School of Business' Business Advisory Council. After a year selling shoes, Storch joined Communications Channels as a sales trainee, selling magazine ads in New York City. He became branch manager in Chicago in 1977 and joined AAR as a research manager in 1979. He was named president and chief operating officer in 1989, became chief executive officer in 1996, and has served as chairman and CEO since 2005. He served on the college’s Board of Trustees. In recognition of his support of the business school building project, the David P. Storch Moot Boardroom was dedicated during his appearance in November.

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Student Involvement

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The networking skills of Caitlyn Reinecker ’11 led to an unexpected internship offer from an alumnus. For several summers, Haas Group International, the world’s largest chemical management services company, had taken on at least one intern from the School of Business. Last fall, after a meeting of the School of Business Advisory Council, Reinecker approached Thad Fortin ’81, Haas Group chief executive officer, for advice on a job search. That conversation led to the first winter internship Haas Group has provided. Reinecker spent two weeks of winter break as a sales intern at Haas headquarters in West Chester, Pa.

Thad Fortin ’81

“ It never ceases to amaze me the amount of help Ithaca College alumni continue to lend to students, and I cannot wait until I can do the same for the school.” Caitlyn Reinecker ’11

“I was very impressed by her presence and maturity even as a freshman. She’s active in many things, and I liked the way she made presentations,” said Fortin, who’s also BAC chairman. The Business Advisory Council assists the dean on issues of strategic planning, curriculum design, mentoring of students, and internships and externships.

Scholarships

“I have always been a strong believer in the power of networking, which is why I have been doing it since I first learned its meaning four years ago as a freshman,” said Reinecker. As a sophomore, Reinecker was a co-founder of Business Link, a student initiative that connects students with alumni to help students network and develop their professional skills. “To get Business Link off the ground I had the responsibility of meeting and talking with several alumni, to introduce them to the concept of Business Link and receive their support and backing,” she said. The presentations included several before the BAC. Fortin views the role of alumni as crucial for students in today’s challenging job market. It’s their duty to Ithaca College, he says: “Jobs are now harder to come by now than at any time in my experience. If each BAC member or alum can mentor an IC business student, then the world gets a lot bigger to the student and with more opportunities.”

© Orr Photography

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Some 25 years ago, three Ithaca accounting graduates set up the PricewaterhouseCoopers Employee Scholarship fund. The fund has benefited more than 70 accounting majors, among them Mike Shipman ’11, who will serve a summer internship with PwC before choosing between graduate school in Pittsburgh or at Ithaca. At Ithaca, “I made great new friends and had experiences I would not trade for anything in the world,” said Shipman. “Now, as a senior, I can say I am no longer timid. Instead of feeling nervous about walking into a professor's office on the third or fourth floor of the Business School, I feel confident. Instead of feeling timid in meeting new people, I look forward to it.” Larry Alleva ’71, vice chair of the IC Board of Trustees, was one of the alumni who set up the scholarship fund. “Throughout all of my efforts, I find most rewarding those instances when IC graduates – and at times parents of the graduates – willingly step forward to donate money to help the school they love,” Alleva said. “Clearly, it is this

experiences

type of loyalty and commitment that allows Ithaca College to remain strong and affordable and, through efforts like the scholarship, enables deserving students to receive a college education.” The PricewaterhouseCoopers Employee Scholarship fund is the largest alumni/employee scholarship endowment at Ithaca College. Some recipients later joined PwC and contributed to the fund, said Alleva, who just retired as U.S. Leader - Ethics and Compliance (Assurance) after 39 years at PwC. He chaired the college’s Comprehensive Campaign, which raised $145 million, including the money for the Dorothy D. and Roy H. Park Center for Business and Sustainable Enterprise. The fund’s other two founders were Tom Baker ’65 and Jim Dewey ’66. All three became partners at PwC. Hearing from recipients gladdens the donors. “Annually, I am always touched by the very nice notes of thanks received from the recipients,” said Alleva.

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generosity Ithaca Fund for Business Donors

Our School of Business alumni and friends always respond generously. We are grateful for gifts to the Ithaca Fund for Business, to the construction of the Dorothy D. and Roy H. Park Center for Business and Sustainable Enterprise, and to scholarships that make an Ithaca College education possible for our

students. The following list encompasses all gifts directed to the School of Business from June 1, 2010 to May 31, 2011. President’s Associates, donors who provide annual gifts to the College of $1,000 or more ($500 for recent alumni), are denoted with an asterisk.

Neil D. Aaron '88 and Gayle Libson Aaron '88 Jessica L. Acquard '06 Steve D. Acuto '73 Kristen Young Adler '88 Steven E. Aldrich '07, M.B.A. '08 Lawrence M. Alleva '71 and Susan A. Alleva Wendee Almela-Collens Amero '07 John D. Amsterdam '69 Philip J. Anderson '89 and Leigh Ann Anderson Keith E. Angerame '87 Karyn Popp Antico '86 Amy Antinozzi '05 Barry J. Appelman '76 and Joyce Appelman, Parents '13 Bruce F. Ashmun '90 Deborah Aspromonte-Simon '80 Frank R. Atkins '81 Pamela J. Auld '84 Sally Hansen Avellino '83 Maxine Weiss Awner '89 AXA Foundation John D. Axtell '88 William D. Badolato '83 Gregory D. Baekey '85 Wendy G. Bahlav '78 Baird Foundation, Inc. Julie Schneider Baker '96 Mark M. Baker '87 Thomas E. Baker '65 A. Jay Baldwin Jr. '79 and Kellie Jewell Baldwin '80 Bank of America Robert Barber '75 Roxanne Brown Barrett '73 David W. Barron '87 Danielle Straci Bartolomei '00 Robert P. Barton '90 and Jennifer Laudico Barton '90 Jon Kozier Baskin-Kelley '88 Christopher R. Battaglino '01 John F. Baumann '72 and Mary H. Baumann Catherine R. Beck '05 Carl Bellanca Jr. '88 Michael A. Benvenuto '99 and Nicole Tropea Benvenuto '99 Donna Berry, Parent '11 Cameron L. Bertolini '94 and Julie Spadea Bertolini '94 Hilary Ackley Berzon '91 Stephen M. Betheil '68 and Amy Telfus Betheil '71 Daniel P. Bither '92

Gregg A. Bittner '11 Marc and Peggy Blumenthal, Parents '05 Janel E. Bonacci '98 Alka Bramhandkar Jessica A. Braun '08 Scott L. Braziller '79 Teresa Breen, Parent '13 Timothy P. Brennan '79 Christopher S. Bresnahan '11 Roger and Susan Brewer, Parents '13 John E. Brinster '79 and Lucy Englander Brinster '82 The Bristol-Myers Squibb Foundation Jane Broderson, Parent '13 Jennifer Prince Bronstein '83 Emily S. Brown '03 David M. Burbank '82 and Illa Gergely Burbank '90 Edward H. Burgin '52 Ann Schwartz Burnick '82 Robert E. Butler '70 Wade A. Caler '84 George W. Carnrick Jr. '71 and Joan Carnrick, Parents '08 Elizabeth Carruthers Peker, Parent '11 Charlton Mclean Chafey '77 Jill D. Charney '00 Teresa M. Chin '05 Matthew J. Cicero '04 Tryon D. Clark '95 Alfred G. Clifford '69 Martin S. Cohen '67 and A. Barbara Steinberg Cohen '67 Robert A. and Diane L. Cohen, Parents '13 Jennette L. Norton '02 and Brian R. Colicchia '04 Bryan O. Colley '77 Jennifer Cutler Collins '79 Christine Fusaro Colton '89 Andrew L. Comins '74 Barbara Short Cooper '79 John P. Copoulos '73 Corn Products International Anthony P. Costa '64 David L. Cotugno '11 Bridgette N. Crawford '06 David W. Cross '78 Gregory S. Cross '81 Margaret Hickey Culp '76 James J. Cummings Jr. '72 Margaret Peltz Cupp '77, '93 Jared Cutler '07 Randi Posner Cutler '83 Denise E. Dalton '91

Alexander Darcey '09 Matthew W. Davis '96 Dorothy A. Decker '95 Paul F. Demgen '72 Jodi Lee Denman '88 Kimberly Boyce Dennison '95 Deborah Dehond Denome '88 Frank A. DeTraglia '87 Justin B. Dew '96 James M. Dewey '66 and Kathleen Dewey Michael B. Diamond '85 Matthew R. Dibble '11 Rodney and Susan Dibble, Parents '11 Terence H. Dineen and Karen A. Riedel, Parents '12 Barbara Erlenkotter Dolan '70 Scott and Mary Dolan, Parents '14 Dominion Foundation Philip T. Downes '89 and Jeanine Weber Downes '89 David B. Drucker '83 Alan Dukart '79 Noah D. and Phyllis Dunitz, Parents '88 Richard Eaton '70 and Susan Henshaw Jones Christina Bailey Eckhart '85 Donald W. and Georgetta A. Eckrich, Parents '98 Nicholas Economos Jr. '01 Dwight Edwards '72 Robert J. Elliott '60 David and Nancy Enders, Parents '11 Erica M. Enders '11 Bruce M. Engel '79 Carol Engels-White '79 David S. Epstein '68 Kenneth E. Epstein '79 and Helen Swenson Epstein '83 G. Scott Erickson Peter V. Esler '81 Robert R. Etheridge '90 William P. Everts '11 Sean T. Fabiano '11 Nancy S. Fairchild '87 Robin Zimmerman Fand '79 Horia R. Farcas '11 William B. Farrell '51 Stefany Fattor Timothy and Judith Faust, Parents '12 Jill C. Feldman '75 Daniel C. Fendler '09 Fenimore Asset Management Incorporated April A. Ferrari '07

Thank you for your gifts of funding, service, ideas, and good wishes.

Shell Oil Company Suzanne R. Sheppard '71 Michael L. Sherman '91 and Sarah Skelton Sherman '91 Michael D. Shipman '11 Sharon Shuttleworth, Parent '14 Robert D. Silvia '11 Marie Simeon, Parent '11 Robert J. Singer '83 and Pamela Gordon Singer '84, Parents '11 Danielle M. Sisti '11 Hal L. Skillin '70, Parent '99 Burton L. Smallwood '93 Allison Mandelbaum Smilowitz '86 and Jon M. Smilowitz '88 Lawrence S. Smith '69 and Christine Smith David C. Solomon '68 and Pamela S. Solomon Simy M. Solomon '96 Luigi Sposito '90 and Jennifer Moran Sposito '90 Michael J. Staub '06 Gregory M. Stebbins '87 and Brooke Luttenberger Stebbins '88 Daniel L. Sternberg '02 David P. Storch '75 Richard A. Stryminski '68 William E. Sullivan '59 Adam J. Sumislawski '05 David S. Suss '68 Aleksandr and Lyubov Svetlichniy, Parents '13 David F. Swan '75 Paula Dougan Swayze '78 Thomas P. Sweeney Jr. and Martha S. Sweeney, Parents '87 Blixy K. Taetzsch '87 D. Jane Peters Talmage '48 Michael C. Tamarkin '81 Kristen Waughtel Tarantola '90 Edward A. Tarlov '80 William and Geraldine Tastle, Parents '00, '03, '07 Richard and Constance Tejeda, Parents '11 Thomas C. Thompson '62 Joann Tierney-Varello '84 Amy Vandermark Townsend '78 Mack and Carol Travis Carol Uihlein Trexler-Olver '68 Joseph D. Triolo '70 and Suzanne Hess Triolo '70, Parents '04 Francis R. Troendle '90 and Melissa Baumann Troendle '92 Kevin M. Tromer '86 and Allison Neumann Tromer '87 Marybeth MacNamee Tschetter '70

John T. Tucker '61 Amy C. Tung '97 Arnold L. Tunison '71 Carl and Sandra F. Uehling, Parents '09 Karen A. Ulloa '11 Susan Adams Vaughn '83 Faye M. Vitale, Parent '92 Terry E. Wagner '71 Melissa Rosscoe Walchko '01 June Mickelson Walker '87 David C. Wallace '66 and Brenda Wallace Gregory M. Wallis '98 Edgar T. Warriner '89 Andrew O. Washburn '87 Katelyn A. Wefer '11 Marc A. Weinberg '80 and Victoria Lasseter Weinberg Amy L. Bennett '83 and Lee C. Weiner '89 Evan M. Weinshel '96 and Caren Cioffi-Weinshel '96 Jacqueline A. Weinstein '11 Adam Weis '91 Steven I. Weiss '91 Warren Weitzman '88 Gregory L. Welch '70 Timothy R. Weld Jr. '92 and Lynn Evans Weld '92 Thomas J. Weldgen '74 Zachary S. Wendler '11 Donald E. Wenzinger '86 Charles M. Wheeler Jr. '56 and Carolyn B. Wheeler James M. Whelan '59 Donald M. Whitney '71 Randy R. Williams '79 Steven H. Williams '80 Adam D. Winters '92 Mark S. Winthrop '80 Shane D. Wolf '08 Kurt J. Wolfgruber '72 and Kim A. White Marc R. Wood '98 Mark R. Wright '82 Michael Q. Yowhan '96 and Amanda Ryen-Yowhan '97 Daniel Yukelson and Orit Blau, Parents '11 M. Raquib Zaman and Mukaddes Erogut, Parents '92, '95, '05 M. Jennifer Britton Zbinden '82 Darren B. Zens III '05

Writing/Editing: George S. Bain Project Management: Maria A. Fiorille Bethany Kilgore Design/Art Direction: Michael Orr + Associates, Inc. Photography: Wagoner Photography – front/back covers and pg 2 Others supplied Printing: Dellas Graphics

30

The School of Business continues its commitment to sustainability with this “green” annual report that uses 2,523 lbs of paper and has a recycled percentage of 50 and 25 percent post consumer waste;

• 6 trees preserved for the future • 18 lbs water-borne waste not created • 2542 gallons wastewater flow saved • 282 lbs solid waste not generated • 554 lbs net greenhouse gases prevented • 4,239,376 BTU’s energy not consumed • 1277 lbs ghg emissions not generated • 10,628 cubic feet natural gas used • Equivalent to not driving 1262 miles in a average car • Equivalent to planting 87 trees

The printer, Dellas Graphics in Syracuse, New York, is certified by the Forest Stewardship Council, uses 100 percent wind power renewable energy and soy inks, and practices environmentally safe disposal and recycling measures.

Ithaca College School of Business 13


The names listed in the donor report are as they appear in Ithaca College's records. Although we make every effort to ensure that all information is accurate, there may be occasional errors. We regret any omissions, misspellings, or other mistakes

and welcome your corrections. To submit a correction, please send an e-mail with the listing as you would like it displayed to development@ithaca.edu.

Daniel W. Ferris '73 and Ann Meloro Ferris '73, Parents '01 Jeffrey L. Fink '66 S. Lee Kanter Fink '83 Linda Adams Flood '69 David E. Fontanella '72 and Alanna Downey Fontanella '73 Robert I. Ford '65 William M. Forsberg '68 Thaddeus J. Fortin '81 and Mindy Fortin Michael L. Francis '96 Amy J. Franz '86 Sheryl Werner Friedman '87 Diane Kutell Frisch '76 Marilyn Freedman Frisch '51 Douglas J. Frye '70 David W. Fulton '91 and Lisa Heimarck Fulton '91 Kevin E. Gage '81 Gap Foundation Linda Gasser David A. Gault '82 Roger A. Gee '64 and Linda Campbell Gee '66 Jeffrey E. Geyer '11 Marc G. Goldberg '76 Jennifer B. Goldman '07 Jody L. Goldring '76 Howard Goldstein and Jane Pritzker-Goldstein, Parents '13 Stephen K. Gonick '85 Matthew C. Gordon '11 Jeffrey D. Graybill '99 Aaron and Dana Greenberg, Parents '11 Marc S. Greenblatt-Isaacson '84 Timothy S. Greenfield '04 Meryl B. Greenwald '83 Michael and Donna Grillo, Parents '11 Michael A. Grodzinsky '08 Daniel A. Gross '07, M.B.A. '08 Gary J. Gross '81 Judeann Gross '94 Thomas and Judy Guerra, Parents '04 J. Craig Hadden '80 Nicholas B. Haechler '07 John Haim, Parent '11 John J. Hak '85 Janet C. Halleran '01 Julie Matias Hanafin '90 John Hancock Financial Services Ian T. Hanigan '77

Ricky R. Hann '85 Steven A. Harf '78 Mark T. Harrington '82 and Sharon Weiner Harrington '83 Doris Hart, Parent '11 Rachel E. Hart '11 Howard P. Hartnett Kim A. Hartsen '70 Tas Hasan '01 and Nienke Padberg Teresa Aucoin Hass '92 J. Gibson Hearn '87 Molly Merkel Hedges '78 Richard L. Heffernan '68 Brian Heltsley and Ann Hoffman, Parents '13 Amy Rashin Hensiek '82 Bryce W. Herring '09 Thomas S. Hoaglin '96 Ferdinand R. Horn IV '70 Joshua K. Horowitz '08, M.B.A. '09 Steven E. Horsman '77 Lisa A. Hoynowski '94 JoAnn M. Huddle '04 Emmalou Colbert Hughey '57 IMS Health Shared Services International Business Machines Corporation Corrie Nixon Jackson '95 Andrew Q. Jamison '63 Robert C. Johnsen '72 and Linda Garda Johnsen '72 Zachary S. Johnson '05 Drayton G. Jones '66 Richard S. Jordan '80 Valerie Jordan-Mount '84 Kimberly E. Kahan '83 Gary S. Kalustyan '81 and Carol Auer Kalustyan '81 Tedi Kapedani '11 John L. Karedes '88 Andrew J. Katz '87 Samantha P. Kaufman '11 Richard G. Kaupp '66 Jeffrey and Vita Keefe, Parents '11 Thomas F. Keehfus '75 Eileen R. Kelly Peter K. Kempner '81 and Betsy Kempner Ira W. Kent '69 Donald E. Kern '56 Steven R. Kieffer '84 Tania Donnelly Kierklewski '81 Barbara Davison Kimmey '83 and Michael Kimmey, Parents '12 Robert E. Klein '78

Dayna Siegel Kleinman '93 and Shaun R. Kleinman '98 Leah Fackos Klumph '75 and John P. Klumph '77 Kurt Komaromi, M.S. '03, and Carol Duprey, Parents '12 Bernard A. Koranteng '11 Craig A. Koval '75 Richard and Gerri Kraske, Parents '06 Athena Lu Kreiser '02 and Gary L. Kreiser '03 Kristine B. Kristel '90 Jennifer J. Kron '85 Tint Kyu and Yin Y. Win, Parents '11 Christopher J. LaCroix '79 and Kathleen LaCroix Kristin Testa LaFleur '89 and Robert LaFleur Rachel N. Lamensdorf '11 Jennifer M. LaRocco '05 Isabelle M. Lass '90 Michael W. Leach '65 Mark S. Lebo '79 Peter W. LeDoux '89 Stewart J. Leonard Jr. '77 and Kim Leonard Lisa Gelb Lever '85 and David B. Lever '86 Brianne E. Lewis '09 Christian E. Lewis Jr. '82 Chu Jue Li '06 Robert and Patricia A. Libby Jeffrey Lippitt, Parent '14 David H. Lissy '87 and Suzanne Schulman Lissy '88 Robert J. Locke '82 and Linda Locke, Parents '13 Lockheed Martin Corporation Ernest Logan Jr. '71 Joseph F. Logan Jr. '77 Linda G. Longwell '86, Parent '90 Ellen Smith Looby '85 Janitza Lopez '04 Edward A. Loughman '09 Cara Pettibone Lovering '87 Richard S. Lynn '69 Allan D. MacDonald Jr. '81 Kristen M. MacDonnell '11 Michael J. Madura '83 Susan Trevaskis Mahler '81 Jennifer Chapin Majeski '88 Claudia Minervini Mandano '86 Jacinto S. Maratea '09 Tendai Masaya '07 Lawrence P. Mastin '61 Jill T. Matlow '82 David E. Mayer-Sommer '02 Crystal Phillips Mayo '96 Michael J. McCallion '73 and Deborah Dundon McCallion '73

Thomas O. McClellan '90 Stephen C. McCluski '74 and Kim Joslyn McCluski '74 George M. McCormack '87 and Kristen Lovejoy McCormack '87 Victoria Sterflinger McCrink '87 Mark and Marie McCullouch, Parents '12 Carl A. McElroy '80 Michael and Mary McFarland, Parents '11 Scott T. McGorry '93 Matthew S. McGovern '09 Seth and Susan McGowan, Parents '13 Michael J. McGuire '83 and Shelley Schwartz McGuire '84 Andrew H. McIlhenny '87 Christopher J. McInerney II '07 Sandra Gardella Mees '79 and Matthew J. Mees '80, Parents '11 Michael A. Mehm '93 and Jenine Nealon Mehm '95 Kelly Mclaughlin Michael '80 Thomas S. Middleton '80 Henry W. Miller '51 Jill Goldman Miller '92 Susan Pincus Miller '79 Daniel J. Mills '74 and Christine Blossom, Parents '07 Matthew J. Misco '02 Joseph M. Mocciaro '90 Lindsey A. Morgan '07, M.B.A. '08 Frederick D. Moriarty '63 Quinn M. Morris '04 Elizabeth Lapadula Mortlock '87 David C. Mosher '67 Lindsay N. Mott '11 Hormoz Movassaghi and Zhila Sadri, Parents '10 Gordon C. Mueller '77 Jason B. Muenzen '02 Donald R. Munn '93 Donald R. Munson '53 David C. Myers '89 and Michelle Light Myers '90 Michael J. and Margaret A. Nally William J. Nelligan III '83 and Ann Mastoloni Nelligan '86 Northwestern Mutual Foundation, Inc. Novartis US Foundation Diane E. Obrien '81 Marilyn Muldowney O'Brien '83 Burt and Cindy Ochs, Parents '11 Donald W. Odell '79 David and Donna O'Hara, Parents '09 Robert J. Ohlheiser III '76 Peter E. Olcott '94 Philip J. Oliver '78 James P. Orloski '72 and Anne Schumaker Orloski '74, Parents '10

Renee B. Ovrut '01 Grace DeMaio Paden '86 Margaret Palin, Parent '12 Roland Palmedo '09 Marissa J. Panfel '11 Michael and Pamela Panfel, Parents '11 Therese A. Paonessa '85 Park Foundation and Park Family Robert D. Patz '86 Stephanie Meltzer-Paul '96 and Steven R. Paul '97 Charles S. Pearson '72 Richard Perl '75 Bruce and Susan Pero, Parents '11 Christopher T. Perretta '89 and Tara Considine Perretta '89 Stella B. Peterson '67 Brian J. Pierce '88 Cynthia Quinto Pierce '83 Robert V. Pierce '08 Donald A. Pizzenti '84 Leigh S. Platte '81 Robert J. Plenge '78 John J. Poister Jr. '72 and Cece Poister Seth D. Polevoy '93 Mark R. Pollack '77 Debra Pollard Perez '86 Kenneth D. Pollinger '82 and Amy Klingenstein Pollinger '82, Parents '11 Matthew J. Pollinger '11 Robert N. Porretti '68 Philip K. Porter '82 Matthew S. Posillico '11 Karen Hansen Poston '98 Frank G. Potenza '88 Richard E. Poulsen '76 Douglas R. Powers '78 Neil and Ann Press, Parents '11 PricewaterhouseCoopers Jon and Celeste Prime Judy Proal, Parent '09 Jaime L. Provenzano '11 Francis A. Przygoda '62 and Augusta Przygoda-Continisio '64 Brian L. Raines '86 and Beth Green Raines '86 Patricia Swanson Ranney '00 Kerry Ransdell, Parent '14 Kaitlin E. Regan '07 Kevin B. Reilly '79 and Marcia Whittaker Reilly '79, Parents '10 William and Janet Remizowski, Parents '13

Julie A. Richards '88 Ayana Richardson Ellen Walsh Rieger '84 Frances Rienzo '84 Joshua B. Rifkin '11 Lori Sholk Riley '83 Jason Ripka '93 Robert A. Riseley '69 Charles W. Riter Jr. '77 Paul J. Roach '76 Evan M. Robbins '87 John E. Robertson '72 Scott A. and Martha M. Robinson, Parents '12 Stuart I. Romanoff '81 and Jacquelyn S. Romanoff Edward D. Rosen '83 Daniel L. Rosenberg '87 Lyn C. Rosenstein '74 Daniel A. Ross '76 and Donna Ross, Parents '12 Earl R. Ross '01 Susan Goldfarb Ross '79 and Matthew Ross Arleen M. Rossi '88 Nancy Shapiro Rowitt '74 and David J. Rowitt '78 Hugh Rowland Rene D. Roy '58 Gregory M. Ruccio '81 Marc B. Rudofker '81 and Wendy Suslow Rudofker '81, Parents '14 Scott S. Ruffrage '08, M.B.A. '09 Serefino Russo '72 Edwin H. and Enid S. Ruzinsky, Parents '83 Howard E. Saffeir '86 and Lisa Wild Saffeir '87 Mark A. Samuels '81 Jonathan P. Sandak '92 Philip S. Sandler '65 Debra K. Sands '79 David W. Sass '57 and Evelyn R. Sass, Parents '83 Robert F. Saturn '64 Roberta Simon Scarcello '67 and Charles J. Scarcello Jacob and Judy Schlabach, Parents '08 Nancy Basch Schnee '86 Chip Schulz '83 and Maria Semczuk Kristin V. Schwartz '08 Helen Aldridge-Scoones '87 and William A. Scoones, Parent '80 Gwen Seaquist Debra Meyerowitz Sebiri '88 and Jonathan A. Sebiri '89 Susan Serrao, Parent '12 Regina McLester Sheil '78

Ithaca College School of Business 15


Ithaca College 305 Park Center for Business and Sustainable Enterprise Ithaca, NY 14850 www.ithaca.edu/business

A first-rate education, on a first-name basis. Cover: Associate Professor of Accounting, Patricia Libby


Ithaca College School of Business 2010-11 Annual Report