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John Pappajohn Receives Honorary Doctorate John Pappajohn, who moved to Iowa from Greece as an infant and went on to become one of The University of Iowa’s most accomplished alumni and one of Iowa’s most influential entrepreneurs and philanthropists, received an honorary doctoral degree during spring commencement ceremonies. At 16, after his father’s death, he began running his family’s grocery store in Mason City, Iowa, with his brothers. He earned a bachelor’s degree in business from the UI in 1952. He employed his entrepreneurial skills more immediately after graduating, starting an insurance agency, and by 1962 had organized the Guardsman Life Insurance Company. Pappajohn served as chairman of the board for Guardsman until 1969. In 1969 Pappajohn founded Equity Dynamics Inc., a financial consulting entity, for which he continues to serve as president. Through Pappajohn Capital Resources, the venture capital firm he also created in 1969, he has been involved in financing more than 100 business start-ups, many in the health care field. In 1996 he was named to the Iowa Business Hall of Fame, and he is a 1995 recipient of the Horatio Alger Award. Pappajohn serves on the College’s Board of Visitors. Above: John Pappajohn is flanked by Tippie Dean William C. (Curt) Hunter and UI President Sally Mason.

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Wi n t e r 2 0 1 0 - 2 0 1 1 Publisher William C. (Curt) Hunter, Dean

Director of Communication and External Relations Barbara Thomas

Editor Lesanne B. Fliehler

Magazine Design WDG Communications Inc.

Writers Lesanne B. Fliehler Ruth Paarmann Tom Snee

contents Cover Story — Teaching Excellence: In Words and In Deeds


Students in the Tippie College of Business learn from outstanding faculty members, including these three top teachers: Nancy Hauserman, Matt Billett, and Joyce Berg.


Mentoring: Another Layer of Learning

Photography Greg Frieden Impact Photo/Joe Photo Linda Knowling Tom Langdon/UI Foundation Susan McClellen Mike Schlotterback Tim Schoon Cover Illustration William Ersland Alumni Relations Vicki Wittenberg

The Vaughan Institute’s mentoring program connects students to the business world while it draws professionals closer to the College.


A Man’s Legacy Lives on Through New Professorship Dan Kovenock is named the first J. Edward Lundy Professor of Economics, a professorship made possible through a gift to memorialize Ford Motor Company “Whiz Kid” J. Edward Lundy (BA36).

Executive Director of Development Tami Baumann

Director of Development Jana Michael

Henry B. Tippie College of Business Honor Roll of Contributors


Special thanks to our friends and alumni for their support.


Alumni Feature: Lilja Mósesdóttir, BBA84 Iceland’s Financial Crisis: Tippie Alum Helps Piece Economy Back Together

Business at Iowa correspondence should be directed to Lesanne B. Fliehler, Editor, Business at Iowa, Henry B. Tippie College of Business, 108 John Pappajohn Business Building, Iowa City, IA 52242-1994.

Visit the Tippie College of Business web site at

Iceland native and Tippie alum Lilja Mósesdóttir returned to campus to deliver the Howard R. Bowen Lecture. Copyright © 2010. Henry B. Tippie College of Business, The University of Iowa. All rights reserved.

To Keep Receiving B@I

Sections Consider This . . . . . . . . . . . 2 Media Clips . . . . . . . . . . . . .3 Development News . . . . . 11

College News . . . . . . . . . . 14 Faculty News . . . . . . . . . . 15 Student News . . . . . . . . . .16

Alumni News . . . . . . . . . . 18 In Memoriam . . . . . . . . . . 24

Business at Iowa, a semiannual publication for alumni and friends of the Henry B. Tippie College of Business, is made possible through the generosity of private donors. A complimentary subscription is provided to those who make an annual gift of $25 or more to the College via the University of Iowa Foundation. Online gifts may be made at, or you may mail your gift specifically marked for the Tippie College to the University of Iowa Foundation, Levitt Center for University Advancement, P.O. Box 4550, Iowa City, IA 52244-4550.

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consider this

Comments from the Dean William C. (Curt) Hunter, Dean


or many, summer is a time to kick back and relax, but for those of us in the Tippie College of Business, it is anything but that. This past summer, ten student finalists were busy rewriting their essays in the third annual Mary Thomas Prappas Business Ethics Essay Competition. Initially, almost 1,000 students submitted essays in this contest. Three members of the Tippie College’s Board of Visitors served as judges of the final round of the competition. The contest was extremely close and the scores of the winning essays were separated by only one point (see story, page 16). I’m extremely proud of the ways the College embraces ethics and cultivates a commitment to our core values of Integrity, Innovation, and Impact among our students and across the curriculum at both undergraduate and graduate levels. I was very delighted when I could share the various ways we do that with other leading business school deans who attended the Partners in Business Ethics Symposium in New York City in September. The new academic year is well under way and with it, some changes are happening in the Tippie College of Business. Staff members are working hard to expand the London Internship Program, which now includes a full spring semester session. The 14-week program offers students academic course work that examines the U.K. and Europe from the cultural, 2

historical, and business environment perspectives, and an internship placement in a London business or organization in which students apply and develop the skills relevant to their career goals. In addition, Undergraduate Program staff members have developed the Tippie Roadmap, a professional development tool that helps undergraduates get started on articulating their skills and abilities, and then develops a “roadmap” of ways to become marketable candidates for internships and full-time positions after graduation. You can learn more about it online at undergraduate/roadmap. Recruiting for the Full-time MBA Program resulted in enrollment by top students from across the United States and from eight countries. Our Full-time MBA Program and the MBA for Professionals and Managers part-time program both received national recognition for their excellence. The Full-time Program rose to a ranking of 42, while the PM Program was ranked at number 31 by U.S. News & World Report. The Tippie School of Management is finalizing plans for offering a Des Moines option for obtaining the Executive MBA degree. The accelerated program provides the Business at Iowa

same outstanding business curriculum as is offered in the Executive MBA Program in Iowa City, plus the same top-notch Tippie faculty. More information is available online at execmba/desmoines/index.html. If you flip to the inside back cover, you’ll note that we have increased the number of members on our Board of Visitors. These successful businesspeople help us in so many ways, including consulting with us on ways to build our programs and helping place our students in a variety of business positions. Just remember, no matter the season, there’s always something new happening in the College. We hope to see you in the College someday soon. Sincerely,

William C. (Curt) Hunter Henry B. Tippie Dean

Henry B. Tippie College of Business

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media clips

Tippie in the News


ippie students, faculty, and alumni are making headlines — they are having an impact on the business world, and they are sought after by the media to comment on current business issues. TRISTAR Risk Management Fellow and assistant professor of finance, pegging poor leadership by CEOs as the reason why some businesses fail (Business News

Daily, Aug. 30):

“We found that managers of failed firms are less skilled than their peers and the consequences of their incompetence are economically significant. Since our measure was outcome-based, it does account for managerial characteristics that allow managers to more effectively use the firm’s resources…perhaps more charismatic CEOs are better able to utilize the firm’s resources (capital, labor).” Todd Houge lecturer in finance and Curt and Carol Lane Research Fellow, contending that in the 20+ years since the movie Wall Street first came out, the inner workings of Wall Street haven’t changed much, as shown in director Oliver Stone’s sequel, Wall Street: Money Never Sleeps (TheStreet, Sept. 24):

“There are regulations that reacted to situations and events, but the core of what the first movie was about, greed in the sense of chasing returns, that’s still what the investment world is about — trying to find higher returns while managing risk.”

Dawn Bowlus

Frank Schmidt

J. Tyler Leverty

Gary C. Fethke Chair in Leadership and professor of management and organizations, addressing this chicken-or-egg question — do engaged employees drive an organization’s performance, or does success inspire engagement? (Gallup Management Journal, Sept. 2):

“We knew from previous studies that perception and performance were associated…since both were measured at the same time, it was possible that organizations that were doing well were paying more attention to employee engagement and doing the things managers need to do to have a high level of employee engagement. In other words, because they had the resources, perhaps these organizations were able to spur engagement in a way that less prosperous companies could not.” John Solow associate professor of economics and Justice International Business Fellow, seeing an opportunity for entrepreneurs after Iowa City residents upheld the 21-only bar admittance age (Iowa City Press-Citizen, Oct. 19):

director of the Jacobson Institute for Youth Entrepreneurship, explaining how youngsters design a new ice cream flavor during a weeklong Youth Entrepreneur Camp (Iowa City Press-Citizen, July 14):

“Part of this activity is selling the rest of your team on your ice cream flavor. This is an exercise in persuasion.” Tom Gruca Henry B. Tippie Professor of Marketing, explaining the business value behind the “planned obsolescence” strategy of designing products that will become obsolete or nonfunctional sooner than necessary (The Gazette, July 11):

“It’s a strategic competition between companies to make the latest and greatest of something. You’re trying to make the other guy’s product obsolete.” Charles Whiteman professor of economics, Leonard A. Hadley Chair in Leadership, senior associate dean, and interim director of the Institute for Economic Research, commenting on the state of the economy (Des Moines Register, Sept. 22):

“There’s an awful lot of economic activity that goes on in this town between eight in the morning and six at night that’s not drinking alcohol. “Iowa went into this recession late, People are buying clothes and shoes and we’re coming out late.” and ice cream cones and gasoline and renting apartments.”

Business at Iowa

Henry B. Tippie College of Business


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C O V E R S t o r y


Business at Iowa

Henry B. Tippie College of Business

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Great teachers. No doubt, you remember at least one from your high school years and probably several more who had a large impact on you while in college. They were experts in their fields, they set high expectations, and encouraged you along the way. They may have frustrated you because they were demanding, but they listened to you, made you feel that your ideas were important, and were inspiring. According to a 2010 ING Foundation survey of 1,000 people across the nation, 98 percent believe that a good teacher can change the course of a student’s life and 88 percent had a teacher who made a “significant, positive impact” on them. Faculty members in the Tippie College of Business are outstanding educators and researchers from both the academic and business sectors. Through their teaching, they are changing the lives of Tippie students.

Nancy Hauserman Nancy Hauserman (left) continually explores new ways to teach students.

For the 2009-10 academic year, Nancy Hauserman was one of three UI faculty members to receive the University’s top award — the President

Business at Iowa

Henry B. Tippie College of Business

and Provost Award for Teaching Excellence — in recognition of her years of outstanding teaching. Hauserman, professor of management and organizations and law and the College’s Williams Teaching Professor, has taught in the College since 1977. A leader in educational innovation within the Tippie College of Business, she has been an early and successful adopter of new teaching technologies, and she was one of the University’s first and most passionate advocates of service learning. She was instrumental in the establishment of the College’s Judith R. Frank Business Communications Center, which now serves more than 400 students each semester, and as an associate dean, started the Tippie Young Alumni Board.


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In Words “It takes passion to be at the top of your teaching game. Once you start getting bored, not caring about whether students learn, once you stop being open to learning from them, once you don’t have knots in your stomach going in (at least in some of your classes), then it’s probably time to stop. You have to constantly look for ways to keep your class not just updated but alive — a living entity is really what it is. Once it’s a piece of furniture, it’s not enough. It has to be living.”

In Deeds As part of a business ethics assignment in Nancy Hauserman’s class, MBA students learned how ethical decision making is an important part of a successful career, and they provided real financial support for nonprofit organizations. Students wrote extensive research reports about a nonprofit organization and made the case for why they want to donate a hypothetical $1,000 to the group. The assignment required, among other things, a background of the group, its business model, and what kind of change it seeks to make. “This philanthropy assignment broadens their view of what constitutes an ethical situation by allowing them to see the world from another’s viewpoint. That’s what great leaders do, after all. They bring a broad vision and an awareness of others.” The assignment also showed students how leadership ties together business, philanthropy, and ethical behavior. The project also has a practical side, as it requires that students use the complex analytical skills needed to make any business decision. While the students aren’t required to donate any money, Hauserman agreed to donate some of her own money to each of the organizations selected, and other Tippie faculty and staff signed on to make donations of their own. The point of it all, she says, was to sharpen the students’ critical and ethical thinking capabilities, something which too many business leaders have not practiced in the last decade, with economically ruinous results. “We don’t often think deeply and critically about our ethics or values. 6

We say we rely on our ‘gut’ for decisions but, regrettably, our guts often aren’t very good resources,” she says. Hauserman continually explores new ways to reach students. “Every student is different; each generation of students comes to education with a different perspective. We have to listen and discover how best to present the material so that it resonates in their world.”

Matt Billett As professor of finance and faculty director of the MBA Finance Career Academy, Matt Billett has received the MBA Core Teacher of the Year Award the last three years, as well as a Collegiate Teaching Award in 2008, and the Executive MBA Elective Teacher of the Year three times since 2004. Billett, who is also a Henry B. Tippie Research Fellow, focuses his work on corporate finance, banking, and financial institutions. He brings that knowledge and research results into his MBA managerial finance course, emphasizing fundamental valuation concepts and their applications.

In Words “One year, I had the treasurer of Rockwell Collins in my corporate finance class and when Rockwell announced share repurchases, he gave us the down-low about the process, how and why they did it. It’s a vulnerable spot to be in if you’re purporting to be the expert. As a teacher today, I realize I’m not the master but the orchestra leader.”

In Deeds Teaching is a work-in-progress for Matt Billett. With an undergraduate degree in mathematical economics from Colgate University in hand, Billett enrolled at the University of Florida where he earned his Ph.D. in finance in 1993. His original plan was to take his research skills to a research group with

Business at Iowa

Matt Billet serves as the faculty director of the MBA Finance Career Academy (shown here with Catherine Zaharis, the academy’s business director).

the FDIC or make it to Wall Street, not to become a professor as his fellow graduate classmates were doing. “I had no intentions of teaching,” he says. “I didn’t think I was going into academics because I was unsure of my passion and ability to do academic research.” But, while working with the FDIC, Billett continued his research and found he really enjoyed that, so he shifted careers and joined the faculty at the University of Miami, eventually joining the Tippie faculty at Iowa in 1998. At first, Billett says he fell into the practice of lecturing to the students, using slides provided from the textbook that students were assigned to read. He was “a very controlling teacher early on,” he says. “Teaching isn’t a one-way street,” he says. “I now provide a variety of ways to learn about a topic,” he says. Today, in addition to teaching and serving as the faculty director of the finance academy, Billett spends time learning about successful ways of teaching and identifying learning outcomes. For the past four years, he served on the University’s Council on Student Learning, which was formed by the Provost’s Office to study what undergraduate students are learning and to help departments develop learning outcome objectives and assessments for their students. “The goal of outcomes assessment is to look systematically at what students are learning across the courses they take in their major,” he says. “At Tippie, the

Henry B. Tippie College of Business

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classroom as in. As faculty advisor for the last five years for Beta Alpha Psi and the Volunteer Income Tax Assistance (VITA) program, she spends many hours outside of the typical workday mentoring and assisting students. With the Volunteer Income Tax Assistance (VITA) program, approximately 100 students — most of them accounting majors — prepare 1040 tax returns for qualified persons who live in Johnson County. Many of the taxpayers face some level of economic disadvantage in order to qualify for VITA help — low income, single parent, full-time students — most can’t afford to hire a professional, and can’t navigate the complex tax maze on their own. But the accounting students have studied hard and are well-prepared to help, Berg says. “It’s a teachable moment,” Berg says. “There are no easy returns for the taxpayer base we work with,” Berg says. “They have the Earned Income Credit, child tax credit, sometimes an ex-husband they split tax benefits with, or it’s a grandmother who is the primary caregiver for grandchildren, which has tax implications.” Professor of Accounting Joyce Berg wears For future accountants, the program many hats. As course supervisor for nine is more than a chance to practice real-life sections of Managerial Accounting, she is number crunching. VITA also teaches responsible for mentoring and overseeing them the “soft skills” of building a the teaching effectiveness of six teaching relationship with clients, which Berg says assistants. She is the Pioneer Hi-Bred can’t easily be taught in a classroom. Research Fellow and serves as the “A large part of an accountant’s job director of the Iowa Electronic Markets. is communicating with other people, Berg received the Students’ Choice for especially people who don’t speak the Faculty Excellence in Core-Teaching same financial language, and students Award from the Undergraduate Program learn how to do that,” Berg says. “Many in 2009 and the Gil Maynard Award of the clients also for Teaching Excellence from the come from different Department of Accounting in 2008. backgrounds than the students, so this In Words helps them appreciate “I love working with students in the diversity in our settings outside the classroom. They’re community.” smart and compassionate people who Since becoming like working hard and contributing the advisor for VITA to improving the community around in 2005, she has them. That’s inspiring to me.” increased marketing, partnered with In Deeds various Johnson What do Tippie Build, Beta Alpha Psi, County social services and the VITA Program have in common? agencies to spread the Joyce Berg. In the College, Berg is known word, and expanded as much for her activities outside the its reach by adding faculty discussed the characteristics we hoped to see in our graduates, the knowledge and problem-solving skills we wanted them to develop.” One trend that Billett is excited about is TILE classrooms. TILE (Transform, Interact, Learns Engage) classrooms, he says, better support student engagement, interaction, and collaboration. The classrooms feature round tables, an instructor’s station in the center of the room, flat-panel monitors for displaying student work, white boards on each wall for collaboration, and broadband connectivity for every student. (A recent $50,000 gift from State Farm will support a TILE classroom within the Tippie College.) “These are very technologically developed classrooms where active learning happens. Individual participation is important in a TILE classroom, so each student is actively learning, not sitting back and absorbing lecture material. By offering a portfolio of ways to learn, students can choose what way works best for them,” he says.

Joyce Berg

Business at Iowa

satellite operations around Iowa City, Coralville, and North Liberty areas. She introduced electronic filing, too, making it easier for students to work on more complex returns. The work has paid off. In her first year, VITA served 129 clients, most of them UI students, from its primary location in the Iowa City Public Library. Last year, the students prepared 1,023 returns from its multiple sites around the county. Clients received more than $1.6 million in refunds last year, “a lot of it is money they might not have gotten back if they’d prepared their own returns.” She’s also the faculty advisor for Tippie Build, a partnership between the Tippie College students and Iowa Valley Habitat for Humanity. Berg and her students have organized dozens of fundraisers in the Tippie College that have raised more than $150,000 for home building, worked with student groups and departments across the College to find volunteers, and recruited accounting firms to let their employees volunteer at the build site. As a result, hundreds of Tippie students, faculty, and staff and other volunteers have built three new homes in Iowa City for low-income families, and ground is broken for a fourth home to be built in the spring. “It’s great when we finish and we can see the results of our work, whether it’s a happy family moving into a house or an excited VITA client seeing how much of a refund she’ll receive,” Berg says. ▪ Joyce Berg’s teaching extends beyond a typical workday.

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Vaughan Institute of Risk Management and Insurance

Mentoring connects students to the business world without the internship while it draws professionals closer to the UI. For Risk Management and Insurance Certificate juniors and seniors, there’s a one-of-a-kind layer between the classroom and the internship — it’s the mentoring program. For the Emmett J. Vaughan Institute of Risk Management and Insurance, mentoring between industry professionals and students is the glue that brings professionalism together with technical knowledge and hands-on application. “Our mentoring program takes what the students are learning in class and gives them an opportunity to observe it in real life,” says Viana Rockel, associate director in the Vaughan Institute. “The students can have experiences they wouldn’t get through internships, such as job shadowing and sitting in on corporate insurance reviews.” The mentoring program began in 2007 at the suggestion of alumnus Hal Larson (BBA70), a member of the Greater Quad Cities Risk and Insurance Management Society (RIMS). RIMS sponsors a mentoring program for college students in association with its national conference, and Larson


asked Rockel about risk management professionals mentoring students at his alma mater. “The big advantage of this type of mentoring is that it gives students a firsthand picture of what’s happening in the professional world,” Larson says. Mentoring also connects companies to a future employee base.

Shaping the Experience To initiate the program, the Vaughan Institute assembled a steering committee including Rockel, Larson, and the V.P. of Mentoring from Tippie’s Gamma Iota Sigma student organization. They paired eight risk management students with professionals and encouraged the pairs to pursue activities and ideas. In 2008, based on feedback from mentors and students, they decided to formalize the program and open it up to all Vaughan Institute students. These efforts resulted in greater educational value and credibility. “We asked, ‘How do we give enriching experiences to everyone in such a broad

Business at Iowa

industry?’ ” Rockel says. “So we decided to interview potential mentors and students and to match them based on professional interests as well as personality whenever possible.” Better matches help build better relationships, which is one of the primary goals of mentoring. More guidance also helps, and the Vaughan Institute mentoring web site — a product of student input — clearly outlines what mentors and students can do together. Peter Berg (BBA07), a steering committee member and three-year mentor, credits the students for developing the guidelines. “They recognized the opportunity to add value by simplifying the process and articulating the expectations,” Berg says. “The impressive manual they produced eases anxieties for both parties.”

Structured, Yet Flexible A combination of planned events and activities for all and many ideas for

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Hal Larson (BBA70) is matched with Tippie student Ashley Schulz. Together they met with attorney Edward Rose during a worker’s compensation mediation meeting.

mentors and mentees creates structure, yet is flexible enough to accommodate the pair’s interests. Three events on campus help students work on networking skills: a kickoff, an etiquette-themed winter event, and a mentor appreciation event in the spring. Potential mentors are invited to the events. Rockel organizes the annual fall kickoff events. At the 2010 event, Berg introduced a Strengths Finder 2.0/Unique Abilities activity that ties into an online discussion board. He will lead this career development activity throughout the year. Ashley Schulz, this year’s Gamma Iota Sigma V.P. of Mentoring, will manage the spring events with other RMI students. “The spring kickoff will be a mocktail event focusing on how to handle food while networking and shaking people’s hands,” says Schulz, noting that last year’s event was an etiquette dinner. “It’s a chance to practice networking with assigned mentors as well as all the other mentors in the program.”

The interactions are beneficial to students, says Jon Raftis (BBA10), who was paired with Hal Larson in 2009. “The most important thing I gained from the program was a heightened aptitude for interpersonal business relations,” Raftis says. “I interacted not only with Hal, but also with other professionals. This will likely pay dividends later on.”

Broad Experiences Beyond the events, students can experience a wide range of professional activities. Many RMI students, including Schulz, want to learn more in general about the insurance industry and their mentor’s career path. Last year, her mentor included her in a meeting to provide additional insight.

“I went to an actual sales pitch with my mentor to see how the company presents itself to another company,” she says. The Vaughan Institute likes its students to get feedback to prepare themselves for job interviews. Résumé, cover letter, and mock interview critiques are common, and the program guides students to useful resources, such as the Judith R. Frank Business Communications Center and Pomerantz Career Center. At the latter, students can use Perfect Interview, a computer program that records video while

“The big advantage of this type of mentoring is that it gives students a firsthand picture of what’s happening in the professional world.” – Hal Larson, BBA70

Business at Iowa

Henry B. Tippie College of Business


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a student responds to an automated interviewer. The video resides online, and mentors and others can provide feedback. In-person activities are encouraged, including job shadowing, lunches, dinners, and fun activities. Telephone conferences help the mentors and mentees connect. Larson also points out that practice is important in developing good phone manners. But he believes the most beneficial activities are the “hands-on, in-the-job” experiences. “Seniors are so close to graduating, but they may never have seen inside their chosen field,” Larson says. “Within the mentoring experience, the student can live the life and experience what they think they want to do. This can help them find a job that suits them in this very broad industry.” In addition to providing job-preparation advice and mock interviews, Larson takes his students on tours of the Muscatine

Would You Like to Become a Mentor? Only a few mentors are needed each year for the nine-month mentoring program; however, the Vaughan Institute would like to expand its network of mentors. A student may be interested in moving to your area after graduation or may be relocating for an internship or a full-time job. If you are interested in placing your name on a list of potential mentors for an expanded program that will provide mentors during the summer months or after graduation, please send an e-mail to Associate Director Viana Rockel at


Hal Larson, Viana Rockel, and Ashley Schulz interview Tippie student Austin Duke in order to match him with an industry mentor.

Foods plant floor and discusses the risk issues associated with operations. “This program is very impressive. I was afforded many unique perspectives of the insurance industry,” says T.J. Anderson (BBA10), who also had Larson as a mentor. “Most importantly, I learned how to incorporate professionalism into all facets of life.”

A Two-Way Street The Vaughan Institute views mentoring as a two-way street. In return for the valuable business insights mentors provide, students are encouraged to engage in “reverse mentoring.” This innovative concept enables students to share their current business knowledge with their mentors. “For me, a lesson in social communication technology was the key,” Larson says. His 2009 students gave him an overview of Twitter, Skype, and other useful business technologies. He also attended a class, which provided him insight into today’s insurance curriculum. Because he is a recent graduate himself, Berg appreciates the opportunity to learn alongside the students.

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“As a young professional, I’m always looking for opportunities to learn more about the industry,” he says. “A company like TrueNorth offers dynamic opportunities to see different functions at work, and it encompasses a lot of the practices of most companies.” Each year, Rockel and the steering committee review and refine the mentoring program. According to Rockel, it will continue to draw professionals closer to the College and to the certificate program. “The mentoring program is a huge opportunity to build goodwill with lots of people in the industry,” Rockel says. “It gives them more knowledge of the Vaughan Institute and what we do to set students up for success. “Other opportunities can grow out of this,” she notes. “By enhancing our network with professionals, we’ll have what we need to come up with additional innovative programs.” “After they graduate, I want these students to become mentors,” Berg says. “This program differentiates them as they seek jobs. If they get positions in innovative companies, I want them to come back and share that with others so the next set of graduates are better prepared.” ▪

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j. edward lundy

Iowa native J. Edward Lundy (1915-2007) thanks to $750,000 in gifts received was a man who: to fund the J. Edward Lundy Professorship at the UI Foundation. ▪ graduated from Iowa with high “Ed Lundy recruited, mentored, honors and a B.A. in economics in and inspired a generation of talented 1936 and then studied economics financial executives at Ford,” says at Princeton; Oscar “Bud” Marx III, of Laguna Beach, ▪ became a graduate instructor at Calif., who spent 32 years at Ford. Princeton (1938-42) and was voted “He will be remembered by all those most popular instructor on campus whose lives he touched for his his final two years; lifelong allegiance to Ford, his deep ▪ rose to the rank of major in the commitment to excellence, and his U.S. Army, serving on the Army interest in and support of the finance Air Force Statistical Analysis Team professionals he brought to Ford.” where, with the help of rudimentary This fall, Dan computers, he analyzed nightly data Kovenock, professor from air sorties in Europe to plan of economics and the next day’s attacks; political science, ▪ wanted to return to teaching after was appointed the the war but was prevailed upon first J. Edward by his commanding officer, Charles Lundy Professor B. “Tex” Thornton, to become part of Economics in of a 10-man team (the “Whiz Kids”) the Tippie College. that joined Henry Ford II’s beleaguered Daniel J. Kovenock “The professorship Ford Motor Company in 1946; and recognizes Dan’s talents and contributions ▪ developed a financial planning system to his field of study,” says William C. that became a model for the auto (Curt) Hunter, dean of the College. industry, eventually retiring as CFO “Professorships like this are critical at Ford in 1979. to our success. They help us to attract When Lundy passed away in 2007, and retain talented faculty.” his friends and colleagues thought Kovenock, who came to the College there no better way to memorialize in 2008, was previously a professor him than establish a professorship of economics and political science in his name. Now, that endowed at Purdue University. Kovenock professorship has become a reality, received a Ph.D. in economics from Business at Iowa

the University of Wisconsin-Madison in 1983 and a B.Sc. in mathematics and economics from the Hebrew University of Jerusalem in 1977. Kovenock’s research has contributed to the study of theoretical models of rank-order contests, which can be used to examine such topics as defending networks of targets from terrorist attack and optimally allocating presidential campaign expenditures across states. He currently serves as the associate editor of Social Choice and Welfare, editorial board member of Games and Economic Behavior, associate editor of European Economic Review, and co-editor of Economic Theory. ▪

Henry B. Tippie College of Business

Need Additional Information? To learn more about giving to the Tippie College of Business, contact: Tami Baumann Executive Director of Development Henry B. Tippie College of Business The University of Iowa Foundation Jana Michael Director of Development Henry B. Tippie College of Business The University of Iowa Foundation Phone: (319) 335-3305 or (800) 648-6973 Online:


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The University of Iowa Henry B. Tippie College of Business

Honor Roll of Contributors


his honor roll gratefully recognizes alumni, faculty, and friends who contributed $1,000 or more from July 1, 2009, through June 30, 2010, to the Henry B. Tippie College of Business through The University of Iowa Foundation, the preferred channel for private support of all areas of the University.

Levels of Giving Dean’s Club Contributors The Henry B. Tippie College of Business Dean’s Club recognizes individuals who contribute $1,000 or more each year through The University of Iowa Foundation to the College and/or its departments and programs. Their generous support enables the College to maintain its position of leadership in education, research, and service. Dean’s Club members receive special opportunities to become more closely involved with the College and its activities. Dean’s Club Trustees Those who contribute $10,000 or more to any area within the Henry B. Tippie College of Business. Dean’s Club Chairmen Those who contribute $5,000 through $9,999 to any area within the Henry B. Tippie College of Business. The Henry B. Tippie College of Business 1847 Society The following living alumni and friends have informed the UI Foundation of their intent to provide a deferred gift, of any size, to benefit the Henry B. Tippie College of Business (and approved this public listing in the honor roll of contributors). Members of the Henry B. Tippie College of Business 1847 Society as of December 31, 2009, include:

Anonymous Members (105) Margaret E. Hibbs Argall Nat T. and Sharon Johnson Baird Howard E. and Nadine Bright Bell James W. Bell Warren J. and Maryellen A. Boe James L. and Suzanne M. Cahalan Kent B. and Vera G. Casstevens Jeffrey A. and Sheila R. Chapman Keith L. Cook Loren L. and Patricia A. Coppock Barbara J. Cox John A. Crawford Gordon R. Epping Marcia Jones Everson Harris Frank Timothy J. Gallagher Michael T. and Julie A. Gatens Dennis F. and Bonnie J. Geer Russ Gray Harry L. Greenberg Gene A. Groth Leonard A. Hadley Ivan L. and Bonnie L. Hasselbusch Judelle Walke Havener John R. and Vivian M. Herder Emma E. Holmes William J. and Jeannette M. Holtz Craig A. Johnson Margaret Phelps Layton Dick A. and Artus M. Leabo Lola Lopes


through $4,999 to the Henry B. Tippie College of Business.

Dean’s Club Directors Those who contribute $2,500 through $4,999 to any area within the Henry B. Tippie College of Business.

Associate Members Corporations, foundations, and other organizations that contribute $1,000 through $2,499 to the Henry B. Tippie College of Business.

Dean’s Club Advisors Those who contribute $1,000 through $2,499 to any area within the Henry B. Tippie College of Business.

The Presidents Club The Presidents Club recognizes The University of Iowa’s most generous contributors. Members include those with cumulative gifts, pledges, or deferred gifts of $40,000 or more to support the University. Corporations, businesses, foundations, and other organizations that demonstrate generous support for the University at the Presidents Club level (outright gifts or 10-year pledges of at least $40,000) receive recognition through membership in The Presidents Club Associates. Those who were members of The Presidents Club and The Presidents Club Associates by June 30, 2010, appear in bold type.

Business Associates Program The Business Associates include corporations, foundations, and other organizations that contribute $1,000 or more annually to the Henry B. Tippie College of Business and/or its departments and programs through The University of Iowa Foundation. Distinguished Members Corporations, foundations, and other organizations that contribute $5,000 or more to the Henry B. Tippie College of Business. Associate Senior Members Corporations, foundations, and other organizations that contribute $2,500 Thomas E. and Ruthann I. McCarty Robert A. Mitchell and Janet E. Burch H. Richard Montross, Jr., and Barbara L. Montross Clark Morton Thomas M. and Kathryn P. Nereim Thomas E. Nolan Donald H. and Kay A. Pilgrim Mary Louise Remy Dan C. Roberts Olga Sassine Mark Scally Julia A. Schmidt Roger K. Scholes Eugene R. Schwarting Mark J. Smith James E. Starr Jerre L. and Mary Joy Stead Gerald B. Stofer Wayne H. Stoppelmoor Phillip J. Tyler Bill and Marilyn Vernon Amelia P. Wiley Noel W. Willis Clifton E. Woodcock Larry V. and Lori Wright Nancy Zadek Dean’s Club Trustees The following alumni and friends provided support at the Dean’s Club Trustees level (individual, annual gift support of $10,000 or more) from July 1, 2009, through June 30, 2010:

Bachman, Albert H. Bachman, Anna May Baker, Dale E. Baker, Linda R. Bobek, Jeffrey L. Bobek, Therese M. Cannon, Frank C. Cannon, Sue W. Coffman, Mrs. Vance Coffman, Vance D.

Business at Iowa

Cook, Keith L. DeHart, Eloise A., Estate Eginoire, Katherine L. Eginoire, Steven L. Evans, Jennifer K. Evans, Kenneth H., Jr. Hart, Lorraine R. Hesse, Dennis L. Hesse, Martha A. Holmes, Emma E. Holmes, Robert T., Estate Holt, Katy Holt, Kevin C. Hubbell, Charlotte Beyer Hubbell, Frederick S. Krause, Nancy S. Krause, W. A. Kress, Sharon K. Lane, Carol Brindley Lane, Curtis K. Luing, Larry L. Luther, Thomas E. McCarty, Ruthann I. McCarty, Thomas E. Moore, Larry E. Moore, Susan B. Nassif, David T. Nassif, Monica R. Palmer, Lloyd J. Palmer, Thelma W. Pappajohn, John Pappajohn, Mary L. Ramundt, Dana C. Scott, W. Floyd, Estate Searcy, Anna L., Estate Stead, Jerre L. Stead, Mary Joy Steele, Michael D. Steele, Susan L. Waugh, Richard W. Wentzien, K. Elaine Wentzien, Paul W. Wright, Larry V. Wright, Lori

Henry B. Tippie College of Business

Dean’s Club Chairmen The following alumni and friends provided support at the Dean’s Club Chairmen level (individual, annual gift support of $5,000 through $9,999) from July 1, 2009, through June 30, 2010:

Aschenbrenner, John E. Aschenbrenner, Susan E. Baldwin, George Koehler, Estate Born, Douglas E. Born, Meg V. Bowersox, Amy R. Bowersox, Matthew T. Burgess, Donna L. Burgess, Robert J. Calvin, Douglas D. Calvin, Lynn K. Carlson, Carol Ann Carlson, Steven Warren Caswell, John R. Caswell, Leslea R. Code, Andrew W. Code, Susan K. Eisele, Jonathan F. Eisele, Michele M. Flynn, Jeannine M. Flynn, Scott D. Huneke, Kurt S. Huneke, Sandy S. Kammerer, Jeffrey M. Kirkpatrick, David J. Kirkpatrick, J. Lavon Koestner, Amy J. Koestner, Dan Kroeger, Eugene C. Kroeger, Jeanie Levitt, Jeanne S. Levitt, Richard S. Mallaro, Brian A. Mallaro, Roseanne Masi, Maria L. Newinski, David J. Newinski, Laura M. Phillips, Judy Siegel, Maricela G. Siegel, Mark A. Sprinkle, Sandi L. Sprinkle, Stan G., Jr. Stoppelmoor, Donna R. Stoppelmoor, Wayne H. Dean’s Club Directors The following alumni and friends provided support at the Dean’s Club Directors level (individual, annual gift support of $2,500 through $4,999) from July 1, 2009, through June 30, 2010:

Adams, Bryan W. Anson, George R. Anson, Kirsty Antes, Richard S. Baker, Dena Ann Buehner, Patricia M. Buehner, Ronald D. Bull, Dorris L. Bull, Ivan O. Christopherson, Betty J. Christopherson, Wayne A. Crockett, Newell P. Crockett, Rosemary Day, Thomas E. Dickel, Marion Stanwood Dickel, Ronald D. Easton, Dorothy M. Easton, Randall C. Erickson, Christa M. Erickson, Scott R. Garreans, Melissa I. Grandy, Jeanne A. Grandy, William B. Hoffman, Christopher J.

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Hoffman, Elaine L. Huneke, Marilyn J. Huneke, Wayne R. Jacobs, Terry A. Johnson, Craig A. Johnson, Joan D. Kesman, Anthony K. Kesman, Barbara J. Kleiner, Madeleine A. MacKenzie, John L. MacKenzie, Phyllis P. McKenzie, Barbara A. Millward, George W. Millward, Susan J. Minette, Kathleen A. Minette, Richard P. Morain, Diane Hawkinson Mueller, Tom Nicolls, Bob Nicolls, Kathy Peters, Charles M. Peters, Mary Ann Pinney, Becky Pinney, Douglas L. Roberts, Dan C. Roberts, Jane L. Sauter, James V. Sauter, Sara E. Schoen, Donald G. Schoen, Madelyn K. Sevig, Bruce G. Smith, H. Raymond, Jr. Smith, Karen Ann Stevenson, Richard A. Stevenson, Sheila A. Sunderman, Sherry K. Travillian, Andrea L. Travillian, Marc A. Warfield, Mary B. Warfield, Terry D. Williams, Harley J. Dean’s Club Advisors The following alumni and friends provided support at the Dean’s Club Advisors level (individual, annual gift support of $1,000 through $2,499) from July 1, 2009, through June 30, 2010:

Aldridge, Elizabeth T. Aldridge, James C. Alleman, Linda R. Anderson, Karl B. Arzbaecher, Amy L. Arzbaecher, Robert C. Asp, Alane L. Asp, Steven Austin, Kelly Bankson, Robert L. Barker, Carol Barnes, M. Jo Baumann, Tami Baumann, Tim Bavolack, D. Christopher Becker, Robert B. Becker, Sally C. Bell, Howard E. Bell, Nadine Bright Belyn, Pamela M. Belyn, Stephen H. Bender, Jo Ellen Berg, Barbara D. Berg, W. Robert Boe, Maryellen A. Boe, Warren J. Brcka, Leonard R. Brcka, Velma M. Burks, Anne E. Burks, Jeffrey J. Burrowes, Jennifer Gathmann Busching, Betty Jean Busching, Dean L. Cahoon, Bradley J. Cahoon, Delilah E. Cannon, Kathryn J. Cannon, Kyle R. Carber, Robert A. Carroll, Patrice M. Carroll, Thomas J. Caruso, M. Lynn Collins, Daniel W. Cox, Chris A. Cox, Suzanne M. Cram, James L. Cram, Virginia Ann Crawford, John A. Dalsing, Lisa M.

Daly, Barbara Daly, George Davis, Barbara A. De Jong, David N. De Jong, Denise M. Dixit, Anshul Doyle, Patrick D. Egner, Gerald M. Eichacker, George L. Eichacker, Lois H. Ellis, Jerry N. Ellis, Lucille Elaine Epping, Gordon R. Epping, Jean L. Evans, Jack B. Evans, Nancy H. Farkas, Edward J. Farkas, Linda B. Fethke, Carol C. Fethke, Gary C. Flores, D. Theodore, Jr. Flores, Susan M. Foerstner, Elsie E. Forinash, Cecil L. Freiburger, Joseph J. Frick, Barbara A. Frick, Delmar L. Fulstick-Egner, Mary Pat Gallagher, Timothy J. Gaur, Upasna Giesemann, Faye H. Giesemann, Gary L. Gray, Russ Grohe, Amy L. Grohe, Mark F. Hadley, Nicole C. Hadley, Philip A. Haines, Arlen L. Hammond, Robert L., Jr. Harkin, Ruth R. Harkin, Thomas R. Hassenstab, Scott P. Hegarty, John D., Jr. Hegarty, Kay L. Hickman, Charles W. Hickman, Rebecca Hinders, Scott J. Hinson, Jane F. Hinson, Richard C. Homewood, Janet L. Horn, Celine Montag Horn, Gary J. Huelsbeck, Martha K. Hurwitz, Scott E. Jansen, John H. Jansen, Melanie J. Johnson, Gwen M. Johnson, James L. Kadlec, Harvey L. Kadlec, Mary L. Kaufman, George G. Keith, Kevin S. Keith, Mary Jo Keller, Betts H. Keller, David H. Kelly, James M. Kinney, Carolyn K. Kinney, William R., Jr. Klein, George G. Klein, Kathy A. Klosterman, Everett L. Klosterman, Jane A. Klyn, Steve J. Knapp, Barbara A. Kokenge, Chad A. Kokenge, Jodi C. Kuiper, Jason D. Kuiperova, Olga Larson, Julie E. Larson, Shane C. Latham, Robert J. Latham, Sue B. LaVelle, Constance J. LaVelle, Richard C. Leighty, Emile Leighty, H. D. “Ike” Lewis, Constance L. Lewis, Dale K. Licko, David Licko, Elaine A. Luiken, Jerry A. Mallicoat, Paula M. Mallicoat, Ronald J., Jr. Massman, Mrs. Edward L. Massman, Edward L. May, Brian L. May, Robin J. Mayrand, Kristofer R.

Business at Iowa

Mersch, Chuck Mersch, Sarah D. Michael, Robert S. Molony, Patrick Montross, Barbara L. Montross, H. Richard, Jr. Morrison, Jay Morrison, Marcie P. Moser, Lisa L. Moser, Marty A. Mukhopadhyaya, Sridip Mulligan, Susan S. Mulligan, Terrence J. Nelson, Todd D. Nikrant, James M. Nolan, Thomas E. Nugent, Barbara Nugent, Michael E. Otto, Julie M. Otto, Kenneth L. Owen, Jack L. Owen, Joanne G. Patterson, J. Michael Peterson, Donald C. Pettit, Joseph H. Pfeiler, Sandra J. Pratt, James G. Pratt, Mary L. Price, Dean R. Price, Donna R. Rayburn, Gene D. Rayburn, Judy D. Reddington, G. Joseph Reddington, Judith J. Reilly, Anne H. Reilly, John J. Richard, Kelli A. Rife, John A. Rife, Thelma G. Roan, Peggy Roan, Peter M. Rogers, Mary E. Rohwer, Ryan D. Roling, Sharon Voshell Ross, Paul G. Rotherham, Shari A. Rotherham, Thomas G. Schaefer, Christine R. Schaefer, Ted V. Schmidt, Frank L. Schmidt, Joel J. Schmidt, Sandra K. Schmitt, Michelle L. Schueller, Lynn A. Schueller, Scott J. Scott, Gil C. Scott, Mylinda S. Sengupta, Avi Sengupta, Shoma Sherman, Bob Sherman, Judy Shu, Pamela Siders, Janifer R. Siders, Richard A. Slabas, Jennifer M. Smith, Everett E. Smith, Gladys K. Stoddard, Carol Barth Stoddard, Timothy A. Swaim, B. Kent Swaim, Marlene F. Temte, Andrew C. Temte, Linda J. Tentinger, Kurt M. Tentinger, Lesli M. Travis, Ruth A. Travis, William D. Tucker, Carol Tucker, Norman E. Turk, David P. Turk, Julianne M. F. Van Leeuwen, David L. Van Leeuwen, Patricia T. Vaughan, Connie Vaughan, Therese M. Vavra, Carol N. Vernon, Bill Vernon, Marilyn Wacker, Delbert J. Wahlert, Donna J. Wahlert, Robert H. White, Ira E. White, Jayne Wicklund, Gary A. Wicklund, LaDonna K. Wiggins, Joseph M. Wilkins, Michael T. Wilkins, Reta J.

Henry B. Tippie College of Business

Wilson, Kay L. Wilson, Lonny L. Wisgerhof, Max V. Woodcock, Clifton E. Woodcock, Dixie Lee Young, Ann E. Young, Jeffrey T. Zaharis, Catherine Distinguished Member Level These contributors made gifts of $5,000 or more to the College from July 1, 2009, through June 30, 2010, qualifying them as Distinguished Members of the Business Associates Program:

Anonymous Members (2) AW Welt Ambrisco Insurance, Inc. AEGON/Transamerica Allied Insurance John Deere Foundation Independent Agents Service Corporation Iowa Insurance Education Foundation Richard O. Jacobson Foundation McIntyre Foundation MidWestOne Bank Millhiser Smith Agency, Inc. Pella Corporation The Principal Financial Group The Greater Quad-Cities Chapter of RIMS Rockwell Collins Charitable Corporation Scheels All Sports TRISTAR Risk Management Union Pacific Foundation Union Pacific Railroad United Fire & Casualty Company The University of Iowa Alumni Association Associate Members Level These contributors made gifts of $1,000 through $2,499 from July 1 2009, through June 30, 2010, qualifying them as Associate Members of the Business Associates Program:

Cedar Valley Chapter C.P.C.U. Consolidated Properties, Inc. The Coons Foundation Iowa Insurance Hall of Fame, Inc. Howard L. Willett Foundation, Inc. We also wish to gratefully acknowledge the 2,910 alumni, faculty, and friends who made gifts from $1 through $999 to the Henry B. Tippie College of Business through The University of Iowa Foundation. Their combined total giving in support of the College’s students, faculty, and programs was $324,203. Every gift matters — every dollar counts. Thank you! For More Information If you would like more information about private support for the Henry B. Tippie College of Business, Tami Baumann, executive director of development for the business school, would be pleased to work with you. You may contact her at The University of Iowa Foundation, Levitt Center for University Advancement, P.O. Box 4550, Iowa City, IA 52244-4550; (319) 335-3305 or toll free (800) 648-6973; e-mail: Your inquiry will be treated confidentially. Corrections The recognition extended to those listed in this honor roll is one small way to thank contributors. Every effort has been made to ensure that this honor roll is accurate. If your name has been omitted, misspelled, or misplaced, we apologize. Please contact the UI Foundation with any questions or corrections. The University of Iowa Foundation Levitt Center for University Advancement P.O. Box 4550 Iowa City, IA 52244-4550


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collegenews News from the Tippie College of Business


ant up-to-date news about the research, programs, students, faculty, and staff at the College? Subscribe to our monthly e-newsletter at

Tippie Dean William C. (Curt) Hunter, AEGON CFO Darryl Button, and UI President Sally Mason.

Leadership Award

Vaughan Institute Receives $1 Million The AEGON Transamerica Foundation has committed $1 million over the next two years to support the Emmett J. Vaughan Institute of Risk Management and Insurance. The gift, made through the UI Foundation, will create the AEGON Transamerica Fund for Excellence, which will provide for faculty development; research projects; support for student internships, scholarships, and conference attendance; and leadership development opportunities. The Vaughan Institute is named for longtime UI professor Emmett J. Vaughan (who died in 2004). It provides leadership and partnership with industry in key areas of risk management and insurance, including credit risk, enterprise risk management, corporate risk, catastrophic and technology risks, cash management, and financial risk management.

Economics Ranked Among Top Third in Nation The National Research Council (NRC) rated Tippie’s doctoral program in economics and eight other UI doctoral programs in the top third in the country. They were economics, electrical and computer engineering, free radical and radiation biology, industrial engineering, mechanical engineering, molecular physiology,


psychology, Spanish, and sociology. The assessment took into account more than 20 program characteristics, including faculty research productivity (publications and grants), diversity of faculty and students, financial support for students, number of doctoral graduates, rates of degree completion, time to degree, and post-graduation employment. Faculty rated how important each factor was in determining the quality of a program in their field.

Business at Iowa

The leadership team of Nationwide/Allied Insurance, led by CEO and UI alumnus Stephen S. Rasmussen, received the 2010 Oscar C. Schmidt Iowa Business Leadership Award from the College. Rasmussen received a BBA degree in marketing and insurance in 1974 and joined Allied Insurance later that same year. He worked in numerous capacities for Allied/Nationwide prior to becoming Nationwide CEO in 2009. The event also recognized the College’s Vaughan Institute of Risk Management and Insurance, a center dedicated to studying issues in the insurance industry that was started in part with a grant from Nationwide. The Schmidt Business Leadership Award was established in 1980 to recognize outstanding Iowa business leaders.

Thirst Stations The Tippie College has the first Thirst Station on campus, a vending machine that provides buyers with clean,

Henry B. Tippie College of Business

chilled water, dispersed into their own reusable water bottle. The station filters and UV purifies the water and uses flash cooling technology to chill on demand, which reduces the amount of energy needed to cool beverages in traditional vending machines. The Thirst Stations are the brainchild of Gretchen Swan, who participated in a FastTrac entrepreneurial training program offered by the John Pappajohn Entrepreneurial Center. The seven-session series is designed for aspiring entrepreneurs and early-stage ventures.

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State Farm Grant

Video on Demand

The Tippie College received a $50,000 Good Neighbor Citizenship Grant from State Farm Insurance to provide support for the Management Information Systems degree program. The grant will provide support to establish a Transform, Interact, Learn, Engage (TILE) classroom for the program — a specially designed space that features round tables, an instructor’s station in the center of the room, flat-panel monitors for displaying student work, white boards on each wall for collaboration, and broadband connectivity for every student. The University is building several of these classrooms as part of a broad effort to support active learning, collaborative teamwork, and increased student retention.

The Tippie College recently unveiled two videos regarding the College and its programs for undergraduate students. In one video, you’ll discover what it’s like to study business here, and the other video is an exploration of the Pappajohn Business Building. To see the videos, log on to undergraduate, and click on the appropriate link in the right-hand boxes. The videos were filmed and produced by Hawk City Productions, a student start-up company currently located in the Bedell Entrepreneurship Learning Laboratory (BELL).

CIMBA Class Graduates The second class of students graduated in July from the Tippie School of Management’s International MBA Program. The 24 graduates completed their course work through the Consortium Institute of Management and Business Analysis (CIMBA) program that the College coordinates at its campus in Paderno del Grappa and Asolo, Italy. Fifteen degrees were awarded to international students, including students from Italy, Jamaica, Canada, Taiwan, and India. Prior to the July graduation, held in Iowa City, the graduates visited several Iowa businesses, including Meredith Publishing and Pioneer Hi-Bred in Des Moines and J&P Cycles in Anamosa.

Entrepreneurial Management Track Beginning in spring 2011, three new tracks will be available for undergraduate management majors: Entrepreneurial Management, Human Resource Management, and Leadership and Management. Each track helps guide students who have a particular career interest with required and recommended elective courses. These new tracks align with the competitive needs and core expectations organizations have for managers and organizational development professionals in the workplace today.

UI Degree Available in Western Iowa The University of Iowa will soon offer educational opportunities to students in southwest Iowa through an agreement with Iowa Western Community College in Council Bluffs. Students first complete an

Business at Iowa

associate’s degree at Iowa Western and will then be able to take UI distance education course work to earn a bachelor’s degree. Students can choose from five career tracks at Iowa: entrepreneurial management, general studies, human relations, nonprofit management, and political science.


New Faculty Michael Colbert, lecturer in management sciences, previously was an Michael Colbert adjunct instructor at the University of Notre Dame. His wife, Amy Colbert, is an associate professor in management and organizations. Antonio F. Galvao Jr., assistant professor of economics, received his Ph.D. Antonio F. Galvao Jr. in economics from the University of Illinois in 2009. He previously was an assistant professor of economics at the University of Wisconsin-Milwaukee. His expertise is in econometrics. Kyungmin Kim, assistant professor of economics, received his Ph.D. in economics Kyungmin Kim from the University of Pennsylvania in 2009. Previously, he was

Henry B. Tippie College of Business

an assistant professor of economics at Hong Kong University of Science and Technology. His expertise is in applied economic theory and game theory. C. Wei Li, assistant professor of finance, received his Ph.D. in finance from C. Wei Li Iowa in 2006. His expertise includes agency theory, asset pricing, and financial intermediaries. Rob Rouwenhorst, lecturer and director of the Marketing Institute, received Rob Rouwenhorst his Ph.D. in marketing from Iowa in 2009. His expertise includes advertising effectiveness, consumer behavior, and judgment and decision making. Mary Weideman, lecturer in management and organizations, received a Mary Weideman B.A. in political science and English from Iowa in 1979 and a J.D. from Iowa in 1982. She is a partner with Stein, Moore, Edgerton & Weideman in Iowa City.


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Tippie Build 4 Plans are well under way for a fourth home to be built by Tippie students, faculty, and staff in conjunction with Iowa Valley Habitat for Humanity. This semester has been busy as the Tippie community works to raise the $50,000 needed. ▪ Ten teams of second-year MBA students raised more than $13,000 during a 72-hour leadership challenge in their Leadership, Professionalism, and Ethics (LEAP) course. The team that raised the most money (Tracy Suits, Jayme Reynolds, Faizal McBride, Tara From, Matt Hareldson, and Cary Richey) were invited to have dinner with UI President Sally Mason. ▪ A kickoff BBQ sponsored by the Tippie Build Steering Committee raised more than $1,000. ▪ Tippie Scholars, I-Envision, and the steering committee sold Tippie Build 4 water bottles and t-shirts, which raised more than $700. ▪ A Faculty Grill-Off sponsored by Delta Sigma Pi raised more than $500. ▪ Beta Alpha Psi scheduled Personal Services Days where the group offered up their services to Iowa City homeowners for a voluntary donation. Since 2007, Tippie Build has raised $150,000 for Iowa Valley Habitat for Humanity and built three homes that have placed three low-income families into safe, secure homes of their own.


UI Team Wins Data Mining Competition A UI team took home first place in one of two challenges within the 2009-10 OMOP Cup: Methods Competition. The team developed a groundbreaking approach to ensure the safety of prescription drugs, which could protect the lives of patients worldwide. Participants included: Nick Street, professor of management sciences; Lian Duan and Mohammad Khoshneshin, management sciences Ph.D. students; and Si-Chi Chin, a Ph.D. student in information science. Participants had access to a large dataset that resembles observational data that can be extracted from insurance claims or electronic medical records. The team identified relationships in the data between drugs and medical outcomes in order to develop methods that correctly identify true drug-event associations. Their winning entry in the time-dependent second challenge won the $5,000 first prize; they also finished second in the cumulative challenge.

Frank Business Communications Center director Pam Bourjaily (left) and Tippie Dean William C. (Curt) Hunter (right) with two of the ethics essay winners.

Ethics Essay Winners Heather Fomon (third from left), a finance major from Iowa City, won first prize of $3,000 in this year’s Mary Thomas Prappas Business Ethics Essay Competition. Second- and third-place winners were Abram Carls, BBA10 (Management and Organizations) and a current first-year law student at The University of Iowa from Tipton, and Shannon Scott (second from left), an economics major from Perry, Iowa. They received $2,000 and $1,000 respectively. (Read the essays online at Funded through a generous contribution by business alum Mary Thomas Prappas, BSC49, the competition is open to all Tippie undergraduate business students.

Beta Gamma Sigma Membership Beta Gamma Sigma, the international business honor society that has had a chapter at Iowa since 1920, inducted 85 new members in October. Seniors and juniors ranking in the top 10% of their class are invited to join this prestigious honor society. Seventy percent of the students offered membership accepted the honor, up from 55% in 2009.

Business at Iowa

Little Lessons Make Big Impact Armed with black and gold paint, puppets, and personality, the full-time MBA class of 2012 took to the streets of Iowa City for Tippie Philanthropy Day. Sixty-nine first-year students visited 12 elementary schools with a simple task: to bring important character values to life during short skits presented to kindergarten, first-, and second-graders. The inaugural outreach effort, spearheaded by second-year MBA candidate Tracy Suits, aimed to tap into students’ creativity and diverse backgrounds. With the class of 2012 representing 21 states and eight countries, Philanthropy Day provided an immediate opportunity for immersion into the local community.

Henry B. Tippie College of Business

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alumni feature

Lilja Mósesdóttir, BBA84

Iceland’s Financial Crisis: Tippie Alum Helps Piece Economy Back Together When Iceland native Lilja Mósesdóttir (BBA84 in economics) returned to campus to deliver the Howard R. Bowen Lecture in August, it was the first time she had been back to her alma mater since graduation. “I had forgotten how friendly this community is,” she said. “Iowans have this positive attitude and politeness to them, even more friendly than Icelanders.” Mósesdóttir, currently a member of Iceland’s Parliament, is a former economist at Iceland’s Bifrost School of Business. During her lecture, “Iceberg Tips Over: What Are the Implications of the Icelandic Financial Crisis?”, she discussed the facts behind the country’s recent economic collapse. In 2008, when the banks were so deep in international debt that they failed and the country’s economy collapsed, Mósesdóttir decided to play a role in putting the economy back together. She ran for and won election to the Althing, Iceland’s parliament, in 2009. Among the Left-Green Movement party member’s committee assignments is the Business and Banking Committee, of which she serves as chair, and which gives her a primary role in the historic rebuilding of the country’s economy. Prior to the collapse, Mósesdóttir was a harsh critic of Iceland’s loose banking rules that allowed unfettered lending and high debt loads for banks. She had

argued that the banks were deeply in debt to foreign lenders and would be vulnerable in a global economic slowdown. According to Mósesdóttir, that lack of regulation enabled the owners of the Icelandic banks to rob them from the inside through Ponzi-style schemes. “After the three main banks collapsed, Iceland took out loans from the International Monetary Fund (IMF),” she says. “I was the only economist in Iceland who was against signing an agreement with the IMF,” she says, “because it’s not a temporary thing. They were to be here for two years, but that has been extended now, and this historically happens when they are brought in to help a country recover.” In addition, she says, the IMF raised interest rates from 12% to 18%, which made the crisis even worse. “You have to have low interest rates to stimulate investments when people are having difficulties making ends meet,” she says. “I warned the people of Iceland that if they accepted the IMF this would happen, and the day after I said it publicly on the national radio, they raised rates.” Today, Iceland is struggling under mountains of debt, government austerity, and a depressed economy. In October, growing social unrest brought thousands of people to demonstrate outside Parliament to show how angry they are about the country’s current economic situation. Business at Iowa

Lilja Mósesdóttir

Mósesdóttir admits she has different ideas and solutions to the country’s current problems. “Americans are open to new ideas, and while I was at The University of Iowa, I saw that innovation is encouraged. I know my years at Iowa put their mark on me,” she says. ▪

EDITOR’S NOTE The Howard R. Bowen Lecture Series was established in 1986 by the Tippie College to honor former UI president and renowned economist Howard R. Bowen. The series is designed to provide a platform for individuals who demonstrate the distinction, thoughtfulness, and originality of Howard Bowen to address important issues facing society. Mósesdóttir’s lecture is available on the Tippie web site at

Henry B. Tippie College of Business


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Alumni News


Editor’s Note: Alumni News are submitted by alumni and are not verified by the editors. While we welcome alumni news, Business at Iowa is not responsible for information contained in these submissions.

ost track of a classmate? Looking to connect with alumni in your area? Check out the career moves, professional accomplishments, and personal achievements of Tippie alumni and classmates below, and then send us your news.

An online information update form is available at, or you can send a note to Vicki Wittenberg, Director of Alumni Relations, Tippie College of Business, 108 John Pappajohn Business Building, The University of Iowa, Iowa City, IA 52242-1994 (or e-mail

2000s Ethan Astor, BBA10, is an assurance associate with PricewaterhouseCoopers LLP in Minneapolis. David A. Beal, MBA04, of Mount Pleasant, is president of MetroGroup Marketing Services, a direct marketing solutions company. Ethan Astor

Caitlin Dolphin, Entrepreneurship Certificate 10, is a recruiting assistant at Northwestern Mutual in Cedar Rapids. Jane L. Driscoll, MBA06, of Iowa City, is an office manager for VJ Engineering. Nadia I. Stamp Dwight, BBA02, of North Liberty, is director of MBA Student Services for the Tippie School of Managem ent.

Melinda Billingsley, MBA10, is a customer insight manager with Bridgestone Bandag Tire Solutions in Muscatine. She lives in Eldridge.

Casey Farrier, BBA10, is a financial analyst with Mercy Clinics Inc. in Des Moines.

Eric Bochtler, MBA10, is a research analyst with Ipsos Vantis of San Ramon, Calif. He lives in Livermore, Calif.

Nadia I. Stamp Dwight

Jordan Fife, MBA10, works for American Greetings in Cleveland, Ohio.

Melinda Billingsley

Eric Bochtler

Kunal Bonsra

Kunal Bonsra, MBA10, is an area manager with in Lexington, Ky.

Katie Funk, MBA10, is an innovation marketing analyst with Nestlé Purina in St. Louis, Mo.

Kate Brennan, BB A02, is the business development manager for SurveyMonkey in the San Francisco area. Christopher Buckner, MBA10, is a pricing analyst with Delta Airlines in Atlanta, Ga.

Jared M. Garfield, BBA09, cofounder of J&J Solutions, a medical device manufacturer, has received a 2010 Prometheus Award from the Technology Association of Iowa an d LWBJ Financial for outstanding start-up company of the year. He lives in Deerfield, Ill.

Tom Burke, BBA09, is an IBM Global Business Services strategy and transformation consultant in Chicago.

Holly (Olson) Garner, EMBA09, gave birth to a daughter, Alleta Elizabeth Garner, on Oct. 22, 2009.

Katie Funk

Cristy Geilenfeld, BBA03, MBA09, is an investment accountant with Principal Global Investors in Des Moines.

Jonathan Chaparro, Entrepreneurship Certificate 08, is an analyst with Katten Muchin Rosenman in Chicago. Richard (Rick) Collins, BBA08, M Ac09, is with Deloitte Tax LLP in Chicago.

Christopher Buckner

Jordan Fife

Alleta Garner

Tara J. Aitchison Cooper, BBA03, of Marshalltown, is an optometrist for Eyecare

Ev an Grzelak, BBA09, is traveling the world and currently teaching English in Ho Chi Mihn City, Vietnam.

Associates. Mark Correll, EMBA06, is vice president of manufacturing at Rockwell Collins in Cedar Rapids.

Amy Glass, BBA07, is an associate wealth advisor with McGladrey in Pasadena, Calif. She lives in Los Angeles.

Eric T. Hanson, MBA03, is communications director for the Iowa City Area Development Group, and Shannon E. Reno Hanson, BBA03, is marketing and membership director for the YMCA in Cedar Rapids. Amy Glass

Benjamin Davis, BBA09, is a staff auditor with Brown and Brown Inc. in Daytona Beach, Fla. Joseph Demmer, BBA10, is a corporate tax accountant with AEGON in Cedar Rapids.

Kyle Hougham, BBA06, is an associate attorney with Gallivan, White & Boyd of Greenville, S.C.

Ryan DeVoe, BBA 09, MAc10, is a financial management analyst with Accenture in Chicago. He lives in Elm Grove, Wis.


Business at Iowa

Henry B. Tippie College of Business

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Jennifer Leistikow Jaschen, BBA10, is a law student at Drake University in Des Moines. She married Jon Jaschen on Aug. 7.

Jennifer Jaschen

Sarah Raaii, BBA10, is a leadership development rotation associate with Principal Financial Group in Des Moines. She lives in Ames. Ph ilip Randall, BBA01, MAc02, is a senior manager with Ernst & Young LLP in Des Moines.

Caitlin Johnson, BBA10, is an associate accountant with Northern Trust in Chicago. She lives in Park Ridge, Ill.

Sarah Raaii

Andy Recker, BBA01, and wife Betsy, MBA09, have a new baby girl, Caroline Mabel Recker, born Aug. 11, 2010.

Dustin Johnson, BBA08, MAc09, is an audit assistant with Deloitte in Davenport.

Dustin Johnson

Nicole M. Worker Kennedy, BBA02, of Crystal Lake, Ill., is a senior accountant in purchasing for the Magnetic Inspection Laboratory in Elk Grove Village, Ill.

Caroline Recker

Katy Schuler, BBA02, is a sales associate with Arlington Park. She lives in Chicago. Carl Schumach er, BBA03, MBA10, is a senior financial analyst and LDP candidate with Johnson & Johnson. He lives in Yardley, Pa.

Kari J. Kuefler, BBA00, of Oswego, Ill., is an account manager for the Marketing Werks firm in Chicago. Austin Ladd, BBA10, is a leadership development rotation associate with Principal Financial Group in Des Moines.

Austin Ladd

Luke J. Lammer, MAc07, an assurance associate for the McGladrey & Pullen certified public accounting firm in Cedar Rapids, received the third-highest score worldwide on his Certified Internal Auditor exam.

Dave Sheppard

Jamesina McLeod, MBA03, is a controller with Metro Nashville Airport Authority in Nashville, Tenn. She lives in College Grove, Tenn.

Colin Stamler, BBA07, is an IT security analyst with State Farm in Bloomington, Ill.

Becca Meyer, BBA09, works for The HON Company in the sales and marketing department as a solutions account associate for the southwest territory (Hawaii, Southern California, Las Vegas, Phoenix, and New Mexico). Aimee Munson, MBA09, is education and WEA marketing manager with Northern Clay Center of Minneapolis. She lives in St. Louis Park, Minn.

Becca Meyer

David Murphy, BBA07, is an AdWords account strategist with Google Inc. in Mountain View, Calif . He lives in Castro Valley, Calif. James Nachman, MBA05, is a senior engineering manager for Proline Fusion EICAS Software in Commercial Systems at Rockwell Collins, Cedar Rapids. Michelle R. Norton, BBA03, of Chicago, is a group account manager for the Marketing Werks firm.

Business at Iowa

Ashley R. Benjamin Sherwood, BBA05, of Chicago, is an audit senior at McGladrey & Pullen certified public accounting firm in Schaumburg, Ill.

John R. Slump, BBA09, cofounder of J&J Solutions, a medical device manufacturer, has received a 2010 Prometheus Award from the Technology Association of Iowa and LWBJ Financial for outstanding start-up company of the year. He lives in Iowa City.

Tina McPherson, MBA10, is a project manager with Pearson in Iowa City.

Tina McPherson

Carl Schumacher

Dave Sheppard, MBA04, was promoted to marketing manager-practice development with Sidley Austin LLP in Downers Grove, Ill.

Kacie Sires, MBA04, is a recruitin g manager with Principal Financial Group in Des Moines.

Carlos E. Macias-Castillo, EMBA04, is an investment representative with USAA in San Antonio, Texas. Carlos MaciasCastillo

Julie A. Revell, BBA05, MAc06, of Des Moines, is a certified public accountant for the KPMG professional services firm.

Shelby Strempke, BBA09 , is a mechanical design engineer with Rockwell Collins of Cedar Rapids. Jennifer Donohue Talbott, MBA04, is the executive director of regional operations with the McFarland Clinic in Ames and was elected to the UI Health Management & Policy Alumni Board. Whitney Thorsheim, BBA09, worked with Camp Adventure in Illesheim, Germany, for five months. The program provides care for children on U.S. military bases. On a weekend hiking trip to Cinque Terre (a rugged coastal section on the Italian Riviera), she ran into Nancy Whitney Thorsheim and Professor Hauserman, professor of Nancy Hauserman management and organizations. Hauserman had just finished teaching in Asolo, Italy, as part of the Consortium of Universities for International Study (CUIS).

Henry B. Tippie College of Business


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Rajasekhar Vankayala, MBA09, is a lead integrator with Pearson in Iowa City.

Mark A. Lietz, BBA99, of Roscoe, Ill., is vice president of AMJ Industries, a can-making equipment company in Rockford, Ill.

Amanda R. Weaver, Entrepreneurship Certificate 08, is a senior administrative specialist with Principal Financial Group.

Sheila (Severs) Loveland, BBA96, has been promoted to manager, operations performance for NestlĂŠ Purina PetCare Co. in Davenport.

Reyna L. Wilkens, BBA02, of Fort Madison, is a self-employed attorney.

Genevra Williams

Michael Lowenberg, MBA93, is principal field clinical engineer with Cardiac Concepts Inc. of Minnetonka, Minn. He lives in Pine Springs, Minn.

Genevra Williams, BBA01, graduated cum laude from the SMU Dedman School of Law and works in Dallas, Texas, for the 5th District Court of Appeal s as a briefing attorney.

Matthew Osborne, BBA90, is a trust portfolio manager with State Bank in Fargo, N.Dak.

Su Zhang, MBA10, is a consultant with Accenture in Shanghai, China.

Arvind Saxena, EMBA97, is general manager of Insultec Ltd. of West Drayton, United Kingdom.

Vickie L. Shavers, BBA90, an epidemiologist and project officer in the Division of Cancer Control and Population Sciences Kathryn E. Zore Beiser, BBA93, of Mequon, Wis., at the National Cancer Institute in Rockville, Md., received a is a pharmaceutical sales representative for Schering UI College of Public Health 2009 Outstanding Alumni Award. Plough in Milwaukee. Steve L. Showalter, MBA99, of Waukee, is a consultant Su Zhang Edward Bishop, MBA95, is a consultant with for Hewlett-Packard. Fujitsu America. He lives in Madison, Wis. Matthew Jamie Syrek, BBA96, of Chicago, is a senior Curtis W. Davison, BBA90, of Muntinlupa, Philippines, is application developer for the National Futures Association, director of finance and treasury for Asia at Schweitzer-Mauduit a derivative markets regulatory services provider. International, a paper supplier to the tobacco industry. Ronald L. Troester, BBA90, is a local site administrator Amy Jo Eckrich, BBA97, is a project assistant for the UI Electron for Vangent, a global information management and business Microscopy Facility in Iowa City. process outsourcing services in Coralville. H e lives in North Liberty. David Foell, BBA99, is a technology manager with Wells Fargo in Des Moines. Chris J. Vaske, BBA92, of Peru, Ill., is vice president of commercial banking at Citizens First National Bank. Sherri A. Patterson Furman, BBA94, is vice president, chief financial officer, and treasurer of the University of Iowa Kristen M. Bromann Vitek, BBA96, of Sugar Grove, Ill., Foundation in Iowa City. is human resources director for In the Swim, a pool supplies store in West Chicago, Ill. Anne Garreans, BBA90, is an a ssistant professor at Briar Cliff University in Sioux City. John P. Wilder, BBA98, of Chicago, is a financial analysis manager in commercial lending with the auto division for Geri M. Wandrey Harris, MBA98, of Fort Collins, Colo., JPMorgan Ch ase. is a senior equity analyst for Tributary Capital Management.


Chase Hendrix, BBA99, is president and CEO of AdEasel, which recently celebrated its 11th anniversary. The company provides integrated web and marketing solutions to corporate and nonprofit clients, and it got its start in the Joh n Pappajohn Entrepreneurial Center. He lives in Racine, Wis. Craig Howser, BBA95, is senior vice president of ProQuest (a division of Alliant), in Chicago. He lives in Wheaton, Ill. Thomas A. Johnson, BBA92, of Dubuque, is a banker with Premier Bank. Phillip J. Leonard, MBA99, of Santa Monica, Calif., is director of business analytics and intelligence at the Amgen biotechnology company in Thousand Oaks, C alif.


Business at Iowa

1980s Robert Arzbaecher, BBA82, marked the centennial and 10-year anniversary of the Actuant Corporation and its spin-off by ringing the closing bell of the New York Stock Exchange on Aug. 2. The company was founded in Milwaukee in 1910 as the American Grinder Manufacturing Company, was Blackhawk Manufacturing in 1925, Applied Power Industries in 1961, and ultimately Actuant in 2000. Lisa A. Birley Baroni o, BBA83, of Denton, Texas, is the University of North Texas vice president for advancement and director of development for the UNT Foundation. Julie Behounek, BBA89, of Jersey City, N.J., is a managing director for the Bank of New York Mellon in New York City.

Henry B. Tippie College of Business

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Carol Brockway, BBA81, is a merchant services consultant with TriSource Solutions in Bettendorf.

Jill P. Northey Otte, BBA87, MA93, of Fortville, Ind., is an accountant with the Defense Finance and Accounting Service in Indianapolis.

Mark B. Chingren, BBA80, of Fort Dodge, is a financial advisor for the Chingren Agency insurance company.

Sang Ik Paik, MBA89, is president of Poong Won Ind. Col. Ltd. in Seoul, South Korea.

Elizabeth A. Sierk Corridan, BBA83, of Zionsville, Ind., is executive director of the Kappa Alpha Theta fraternity in Indianapolis and is chair of the Indiana Commission for Women.

Michael D. Pierson, BBA88, of Burlington, is a developer and farmer for his companies Pierson and Pierson Farms. Jacqueline S. Quinn, BBA82, of Johnston, is a senior vice president at Wells Fargo Home Mortgage in West Des Moines.

Todd A. Crandall, BBA85, of Minnetonka, Minn., is vice president and relationship manager at Wells Fargo Bank in Minneapolis.

Mark M. Quinn, MBA82, of Naperville, Ill., is a bond trader and author of The Chairman: A Novel of Big City Politics.

Arthur Darrow, PhD82, is a senior lecturer at the University of the South Pacific, Suva, Fiji.

Daniel T. Smith, BBA82, of Grayslake, Ill., is vice preside nt and controller for the Oil-Dri Corporation of America, a sorbent manufacturer in Chicago.

Ron Dickel, BBA82, is vice president of finance and director of global tax and trade with Intel Corp. in Santa Clara, Calif.

Ron Dickel

David W. Smith, MBA84, of Wayzata, Minn., is a self-employed corporate director, board chair, and private investor.

Myron R. Hammes, BBA81, of Paradise Valley, Ariz., is president and founder of G.P.S. Fleet Management in Phoenix.

Kenneth Strait, BBA81, is a prosecutor with K. Strait and Associates of Montclair, N.J.

Frank B. Harty, BBA81, is an attorney with Nyemaster, Goode, West, Hansell & O’Brien in Des Moines. He recently won a landmark employment case before the U.S. Supreme Court. Chris R. Iiams, BBA85, of Ankeny, is an operations planning manager for Alcan Packaging in Des Moines.

Michael T. Weiner, BBA88, of Freeport, Ill., is state management director for MetLife Auto & Home. Chris Welp, BB A82, is the new executive vice president of insurance operations for Aviva USA. In this role, Welp oversees all insurance operations and helps lead company initiatives, such as customer services, life and annuity new business, underwriting, agency services, and administration shared services. Previously, he led tax, finance, and support services for Equitable of Iowa Companies prior to its acquisition by ING. In addition, Welp has served on the Professional Accounting Council in Tippie’s Department of Accounting. Kenneth Strait

Jeffry A. Kunkel, BBA85, of Coral Springs, Fla., is the chief executive officer and owner of Weblink Solutions, an e-commerce solutions provider. Matthew D. Kunzler, BBA86, of Downers Grove, Ill., is district sales manager for WW Grainger, a facilities maintenance products supplier in Arlington Heights, Ill. Stacy S. Liljeberg, BBA81, of Sarasota, Fla., is a realtor for Michael Saunders & Company.

Kathleen F. Sargent Williams, BBA81, of Grand Prairie, Texas, is quality assurance manager for Usability Sciences, a web site testing company in Irving, Texas.

Scott Long, BBA84, is a lawyer with the Law Office of Scott L. Long in Des Moines.


Jeffrey Lorenger, BBA87, MBA01, is president o f Allsteel Inc. in Muscatine. He lives in Iowa City.

Alan A. Daedlow, BBA72, of Tipton, is a certified public accountant for the Latta, Harris, Hanon & Penningroth accounting and consulting firm.

Michael Luthy, MBA87, has been awarded the Fulbright Enders Visiting Chair in Canada-U.S. Relations by the Council for International Exchange of Scholars. For his research, he will be interviewing ambassadors stationed in Canada and national government officials, exploring the role of embassies in fostering investment, trade, and entrepreneurship in their home countries. Luthy is a professor of marketing at Bellarmine University in Louisville, Ky. Ashley Lye, MBA81, is president of Kaleo Consulting Inc. of Newmarket, Ontario, Canada.

Business at Iowa

Gerald Edgar, BBA75, environmental health and safety manager with POET Ethanol in Ashton. He lives in Garner. James D. Jensen, BBA72, MBA74, of Arnolds Park, is a realtor sales associate for Re/Max Spirit Lake and the Okobojis in Spirit Lake. John McKillip, BBA72, is treasurer of Merschman Seeds Inc. of West Point. He lives in Fort Madison. John P. Meineke, BBA79, of Muscatine, is director of marketing and public relations for Black Hawk College in Moline, Ill.

Henry B. Tippie College of Business


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Brian Pobanz, BBA70, retired from Unilever. He lives in Bonita Springs, Fla. Mark J. Smith, BBA76, of Castle Rock, Colo., has been named to Research Magazine’s Advisor Hall of Fame. He is president of the M.J. Smith and Associates investment advisory firm in Englewood, Colo. Mark J. Smith

Tippie Gear Available Show your Tippie pride by ordering apparel through the Tippie Gear web site at Products include jackets, sweatshirts, T-shirts, caps, water bottles, and bags. You may choose from Tippie College of Business or Tippie School of Management logos. The store is a nonprofit endeavor.

Mark Steil, BBA70, is a consultant with Harrington & King of Chicago, Ill. He lives in Fontana, Wis.

Robert J. Storck, BBA70, of Solon, i s a sales representative for Newton Manufacturing in Newton. Kenneth Wall, BBA75, is a certified financial planner with BDF Investments in Coralville. Robert D. Wehler, BBA72, of Centennial, Colo., is a financial advisor and first vice president for Morgan Stanley Smith Barney. hats/


1960s Jon Broers, BBA68, retired from Sears, Roebuck and Co. in 2004 as director of stores. He lives in Tucson with wife Patricia J. Larsen Broers (UI grad 1968). Charles H. Disselhorst, BBA66, of Naples, Fla., has retired as a manager from Burlington Produce in Burlington. Rick Echternacht, BBA68, of Chanhassen, Minn., is general manager of National Home Security in Edina, Minn.

men’s jack et s

Jerry N. Ellis, BBA60, MBA62, of Pella, is a self-employed corporate governance consultant. et s

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Gary R. Gottschalk, BBA68, of Somerville, N.J., is vice president of sales for Foremost Groups, a home furnishing company in East Hanover, N.J.


David C. Ott, BBA66, of Cedar Rapids, works in the sales department at Immersive Engineering. Richard Peterson, MBA65, retired from Bank One in Chicago. He lives in Barrington, Ill.


Gene C. Wunder, BBA69, of Topeka, Kan., retired from Washburn University as a marketing professor, associate dean for the School of Business, and special assi stant to the president.




William J. Ambrisco, BSC58, retired president of Welt-Ambrisco Insurance of Iowa City, was inducted into the Iowa Insurance Hall of Fame.



John Scott Davenport, PhD52, is retired and lives in Charles Town, W.Va.


William J. Ambrisco

re! scarves & mo


Business at Iowa

Henry B. Tippie College of Business


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Helping Small Businesses to Go Green Inspired by her grandparents’ conservation ethic and by engaging UI business and geography courses, Paige Finnegan, BBA01, broadened her original career goal of finance into the green economy. As COO of e-One LLC in Chicago, she focuses on engaging small- to medium-sized organizations in sustainability, both financial and environmental. Paige bolstered her economics studies with a master’s degree in sustainable agriculture. Her research on the economic impact of agriculture on women in western Africa incorporated all of her education into one project. In 2004, she entered the green nonprofit world with a job at Chicago Midwest Energy Efficiency Alliance. Next, she ran the Chicagoland Green Collar Jobs Initiative before being recruited into for-profit work by e-One in 2009. “The misconception is that green is expensive,” Paige says. “We’re working to identify economically compelling ‘green’ business practices that can be replicated in smaller businesses. We aggregate purchasing power to package green options that create a great impact at the Paige (Knutsen) Finnegan, BBA01 right price for small business.” One such package converts emergency exit signs from incandescent bulbs to LED light sources. “The conversion of 1,000 signs to LEDs reduces carbon dioxide emissions by three million pounds and ensures years of continuous operation,” says Paige. “Plus, the return on investment for LED exit signs can be as little as 10 months. It’s a no-brainer.” The company’s activities include coordinating a green restaurant crawl for the Business Alliance for a Sustainable Evanston to promote restaurants focusing on sustainable food. “In the green economy, you can be really creative,” Paige notes. Outside of work, Paige stays involved in green nonprofits, such as the Illinois chapter of the U.S. Green Building Council. In 2011, she will become the youngest chair in the 1,600-member organization’s history.

A Passion for Renewable Energy After more than 20 years in various businesses in California and Iowa, Mike Carberry, BBA83, turned the buzz about global climate change into a career change. “Global climate change could be the defining moment and challenge of our generation,” Mike says. “I felt destined to use my education and natural talents to do something about it.” About 10 years ago, Mike began reading about global climate change and volunteering with organizations like Sierra Club. In 2005, he took the leap into consulting and began Green State Solutions in Iowa City, his hometown. “I learned a lot about salesmanship in the business school,” he says. “Everything I’ve done has been related to sales — selling coins, antiques, radio, telecommunications — and now, ideas.” Mike organizes outreach for renewable energy policy, climate change, and sustainable food and agriculture. Every week, Mike heads to Des Moines for meetings and to lobby for these issues, and once a year, he visits Washington, D.C. For 18 months, Mike also served as executive director Mike Carberry, BBA83 of Iowa Renewable Energy Association, or I-Renew for short. This educational nonprofit promotes sustainable energy production and use. Through a training facility located in Hiawatha, I-Renew teaches solar and wind energy site assessment and installation for residential, small business, and agricultural applications. “I-Renew offers a training program for small wind turbines, photovoltaic solar, and solar thermal energy solutions. The solar training facility was added in 2010,” Mike states. “There has to be a market for green jobs, so I will continue my efforts to shape policy to improve the market for renewable energy.” Mike is proud to note that the UI contributes to the green-collar economy. “The UI has been integral in the green jobs equation by offering business degrees, engineering degrees, and now a sustainability certificate.”

Business at Iowa

Henry B. Tippie College of Business


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inmemoriam In Memoriam 1930s Raymond F. Boettcher, BSC37 Hermina G. Brandt, BSC39 Orlo A. Bush, BSC31 Elizabeth H. (Hall) Condon, BA35 Jane (Stoddard) Conkling, BSC35 Robert A. Hitz, BSC38 Marian (Frahm) Parsons, BA32 Virginia (Shadle) Phelps, BSC33 William E. Roberts, BA39 Sidney Thomashower, BA39

1940s Donald E. Beadle, MA49 Betty J. (Kelloway) Bell, BSC41 Don C. Benson, BSC47 Robert W. Briggs, BSC44 Robert Dewayne Brown, BSC47 John F. Connor, BSC49 Michael H. Cryder, BSC49 Clifford L. Dunston, BSC47 Elizabeth S. (Stevens) Estey, BSC42 Lois M. (Hughes) Gochenour, BSC41 Samuel J. Heeger, BSC48 Ralph M. Katz, BA48 Floyd C. Mann, BA40 Charles W. McKinley, BA49 Fay R. (Rovner) Micon, BSC44 Jim Mitchell, BA49 William L. Mull, BSC47 Ned R. Nelson, BSC46 Oliver E. Niebruegge, BSC43 Barbara (Henry) Phillips, BSC44 Peter A. Seip, BSC43 Eleanor K. (Mitter) Sorrells, BA45 Lillian Locher Strittmatter, BA40 James L. Thomas, BSC49 Jane E. (Davis) Watters, BSC40 Donale E. Wolfe, BA40

1950s Frederic C. Bohlken, BSC56 Carla J. (Proehl) Case, BSC54, MA70 Marvin J. Christiansen, BA51 David N. Cohen, BSC54 George M. Cormack, BSC56 George E. Davis, BSC57 William E. Davis, BSC51 David A. Dunlop, BSC52 John T. Hanrahan, BSC55 John R. Harlan, BSC51 Max E. Hasbrouck, MA50 24

Robert J. Head, BSC57 Keith P. Hecox, BSC50 Robert L. Heggen, BSC59 William B. Jepson, BSC53 Arthur V. Joerger, BSC57 Cyril L. Kauffman, BA50 Robert G. Koons, MA50 Donald D. Krug, BSC56 Reynold W. Larson, BSC50, MA51 Gordon F. Lee, BSC52 John P. Mugge, BSC56 Lee Y. Murphy, BBA59 Kevin E. Nelson, BSC51 Donald L. Peterson, BSC50 Jack E. Rebec, BSC58 Gerald W. Reed, BSC57 Robert D. Schabacker, BSC59 William J. Tandy, BA50 Richard E. Tharp, BSC50 Dean B. VanHorn, BSC50 Ralph D. Wilson, PhD54

Robert M. Soldofsky August 12, 1920 – August 4, 2010


Robert M. Soldofsky, a long-time member of the finance faculty and former holder of the John F. Murray Professorship in Finance, passed away on August 4 at the age of 89 after battling Parkinson’s and congestive heart disease. Bob joined the faculty at Iowa in 1954 after having worked for the United States Wage Stabilization Board in Kansas City, Mo., and the Ford Motor Company. He was well known for his books, Institutional Holdings of Common Stock, 1900-2000, and a textbook widely used in the field of finance, Financial Management (coauthored by Garnett Olive). He was also coeditor of Frontiers of Financial Management (with William Serration and Surendra Singhvi). He was the founder and first director of the Financial Management Association, past president of the Midwest Financial Association, and the editor of the Journal of the Midwest Financial Association in the mid-1980s. Before retiring from teaching in 1990, Bob became one of the chief architects of The University of Iowa’s retirement system, serving on the Funded Retirement and Insurance Committee from 1978 to 1990. He was frequently sought out as a consultant to business and government institutions on retirement and investment issues. He was an expert witness in the 1985 Labor Department ERISA (Employment, Retirement, Insurance Security Act) hearings. He is survived by his wife, Marcella (Micki) Soldofsky, of Iowa City; a son, Alan D. Soldofsky, of San José, Calif.; and a daughter, Sue Anne Schmuck, of Albuquerque, N.Mex.

Peter J. Kampine, BBA85 Gregory H. Meyer, MBA88 Timothy P. Prignitz, BBA83

Gregory Meyer, BA79, MBA88

1960s John T. Blong, BBA67 Floyd A. French, BBA62 Calvin J. Krebs, MA69 Stephen T. Mashek, BBA66 Robert L. Moore, BBA60 James C. Parr, BBA60 Fredrick R. Reynolds, BBA61 E.J. Woolums, BBA67

1970s Timothy L. Fredrickson, BBA78 William J. Givens, BBA79 Dean W. Jackson, BBA77 Jason M. Lancial, BBA79 Ellen (Henry) Pugh, BBA78 Paul L. Rouse, MBA72 Larry J. Schaapveld, BBA70 Keith C. Sippy, BBA86 James C. Smittkamp, BBA75

1990s Diane L. Brandt, MBA91 Jody A. (Michael) Kraninger, BBA95 Emerson C. Martin, BBA90 John H. Ruth III, BBA93 Richard L. Soucy, BBA98

2000s DuWayne A. Jilek, EMBA05

Business at Iowa

Dec. 3, 1954 – July 1, 2010 Gregory H. Meyer, of Waukesha, Wis., passed away on July 1, 2010. He was born in Pasadena, Calif., the son of Herbert and Viola (Fruendt) Meyer. He married Ludalle (Lou) Weih on May 19, 1990. Greg was an account executive for Federal Express Corp. in Brookfield, Wis. He was committed to ethics, loved mentoring students, and valued excellent writing. His family has given a gift to the UI Foundation in his honor for use by the Undergraduate Program at Tippie.

Henry B. Tippie College of Business

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College Leadership Administration William C. (Curt) Hunter

Leonard A. Hadley

Kathleen A. Minette

Chairman and CEO (Retired) Maytag Corporation

Senior Vice President Assessment and Information Pearson


Ruth Harkin

Charles H. Whiteman

Senior Vice President and Chair (Former) International Affairs and Government Relations Chair United Technologies International

Terrence J. Mulligan

James E. Hoffman

President Equity Dynamics Inc.

Senior Associate Dean

Jay Sa-Aadu Associate Dean

Lon Moeller Associate Dean

Chairman of the Board Iowa Health System

Barbara Thomas

Kevin Holt

Director of Communication and External Relations

Tami Baumann

Senior Portfolio Manager and Managing Director Invesco Ltd.

Vice Chairman MedAssets Inc.

John Pappajohn Charles M. Peters President and CEO Gazette Communications Inc.

Rogelio M. Rebolledo

Executive Director of Development for the Tippie College of Business The University of Iowa Foundation

Frederick S. Hubbell

President and CEO (Former) Frito-Lay International

Executive Board (Former) ING Group

G. Joseph Reddington

Jana Michael

Clayton M. Jones

CEO (Retired) Breuner’s Home Furnishings Corporation

Chairman, President, and CEO Rockwell Collins

Soumyo Sarkar

Director of Development for the Tippie College of Business The University of Iowa Foundation

Board of Visitors William L. Bolster Chairman and CEO (Retired) CNBC International

Douglas D. Calvin Managing Partner (Retired) PricewaterhouseCoopers LLP

Steven L. Caves President U.S. Bank, Iowa

Joe Crookham President Musco Lighting

Kathleen A. Dore Senior Advisor Proteus International

David J. Fisher Chairman and President Onthank Company

David J. Kirkpatrick

Founding Principal Sumit Capital

Managing Partner (Retired) KPMG Peat Marwick LLP

Andrew H. Sassine

Thomas A. Kloet

Portfolio Manager Fidelity Investments


Robert D. Sherman

W.A. Krause President Krause Gentle Foundation

Curtis K. Lane

Senior Vice President and Eastern Sales Director (Retired) Merrill Lynch Private Client Group

Chris Simpson

Portfolio Manager Concordant Partners

Senior Vice President Marketing and Sales Pella Corporation

Claudia T. Marban, ex officio

Jerre L. Stead

Senior Financial Advisor Claudia Marban & Associates/Ameriprise

CEO and Chairman IHS Inc.

Thomas E. McCarty

Teresa Wahlert

Senior Partner (Retired) Accenture

President and COO (Former) The Mid-America Group

Daniel E. McLean

Marie Z. Ziegler

President and CEO MCL Companies

Vice President, Investor Relations Deere & Company

The University of Iowa prohibits discrimination in employment, educational programs, and activities on the basis of race, national origin, color, creed, religion, sex, age, disability, veteran status, sexual orientation, gender identity, or associational preference. The University also affirms its commitment to providing equal opportunities and equal access to University facilities. For additional information contact the Office of Equal Opportunity and Diversity, (319) 335-0705.

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Nonprofit Organization U.S. Postage

P A I D 108 John Pappajohn Business Building, Iowa City, Iowa 52242-1994

Permit No. 45 Iowa City IA

Homecoming 2010 Blue skies, a 75-degree day, and a cool breeze helped make Homecoming 2010 a success at Tippie. More than 200 alumni were in “A Hawkeye State of Mind” as they enjoyed the annual BBQ in the courtyard prior to the Homecoming parade, and the event was more “green” this year — all tableware (including the cups and silverware) were made of material that is easily composted, so less waste was sent to the landfill. The College hopes this starts a tradition of sustainability at its events. Three student organizations — Women in Business, Alpha Kappa Psi, and Delta Sigma Pi — entered floats in the parade. Lisa Gillette, an economics and finance double major from Ottawa, Ill., was one of 12 students named to the Homecoming Court, and John Pappajohn (BSC52) was this year’s honored guest. On Saturday, more than 60 former and current members of Delta Sigma Pi gathered for lunch to celebrate the organization’s 90th anniversary on campus, and several 50-year class members were honored at an intimate luncheon. Last, but not least, the Hawkeyes beat Penn State, 24-3, in a night game. ▪

Business @ Iowa  

The University of Iowa Tippie College of Business magazine

Business @ Iowa  

The University of Iowa Tippie College of Business magazine