INSIDE Agents of Change | Changing Careers with an MBA

SMU • COX SCHOOL OF BUSINESS FALL 2013

Carl Sewell: A Driving Force At SMU

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SUCCESS THAT TOOK HIM TO THE

BOARDROOMSTARTED IN HIS DORM ROOM.

Carl started a small tutoring company in his

dorm room. One of his MBA professors encouraged

him to turn it into a full-time profession.

Now his 300-person business, Group Excellence,

provides mentors to thousands of struggling

learners. He’s changing the world

one student at a time.

From our tree-lined campus near the heart of Dallas, the students, faculty and alumni of SMU have an impact on the world every day. Learn more at smu.edu/world SMU is an Affirmative Action/Equal Opportunity Institution.

World Changers Shaped Here

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F A L L 2 0 1 3

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F E AT U R E S

D E PA R T M E N T S

2 From the Dean

3 Program News

14 Graduation

16 Faculty & Staff Achievements

19 New Faculty

20 In the News

21 O’Neil Center Report

22 Faculty Research

32 Changing Careers with an MBA

34 Development

38 Calendar of Events

39 Contact Us

40 Executive Board

41 Alumni Board

42 Distinguished Alumni & Outstanding Young Alumni

44 Class Notes

50 Cox Connections

24 Carl Sewell A Driving Force at SMU

28 Agents of Change SMU Cox students and graduates

are making a difference in the

world.

DEAN

Albert W. Niemi, Jr.

ASSISTANT DEAN OF EXTERNAL RELATIONS, EXECUTIVE DIRECTOROF THE COX ALUMNI ASSOCIATION

Kevin Knox

ASSISTANT DEAN OF MARKETING & COMMUNICATIONS, MANAGING EDITOR

Lynda Welch Oliver

DIRECTOR OF DEVELOPMENT

Laran O’Neill

ASSISTANT EDITOR

Kasi Zieminski

CONTRIBUTORS

Paula Felps Sharon GambulosPamela Gwyn KripkeAnna MartinezJennifer Warren

PHOTOGRAPHERS

Dean DominguezJuan Garcia Hillsman JacksonRen MorrisonClayton Smith

HOW TO REACH US

Marketing and Communications OfficeCox School of BusinessSouthern Methodist UniversityPO Box 750333Dallas TX 75275-0333E-mail: communications@cox.smu.eduWebsite: cox.smu.edu

Main Office: 214.768.9747Fax: 214.768.3267

SMU will not discriminate in any employment practice, education program or educational activity on the basis of race, color, religion, national origin, sex, age, disability, genetic information or veteran status. SMU’s commitment to equal opportunity includes nondiscrimination on the basis of sexual orientation or gender identity and expression.

Find us online and on the go on iPhone and Android.

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F R O M T H E D E A N

We are grateful for the generosity of dedicated alumni andloyal supporters, which creates opportunities yet to be explored and ensures that SMU Cox makes a difference for students today and the world tomorrow.

‘‘‘‘

T he beginning of each new academic year brings renewed energy and excitement across campus, especially at SMU Cox. Undergraduate interest in pursuing a business degree remains high, with 37 percent of SMU’s

first-year students enrolled as pre-business this fall. Meanwhile, the caliber of our Cox BBA Scholars continues to rise, with this year’s average SAT score up to 1439. That’s 132 points higher than it was when SMU Cox welcomed the first class of BBA Scholars in the fall of 2002. The BBA Scholars program is vitally important to the Cox School and to SMU. It’s with great appreciation for one of the program’s biggest supporters that we feature Cox Executive Board member and SMU Board Chair Emeritus Carl Sewell on the cover of this CoxToday.

Simply put, the BBA Scholars program would not have become the thriving program it is today without Carl Sewell. Carl’s passion for education and for increasing the national status of SMU and the Cox School moved him to take the lead in the BBA Scholars program, quickly gaining substantial backing from Ed Cox and other like-minded supporters. Thanks to their efforts, SMU Cox is now one of the most selective undergraduate business schools in the country.

In the ever-changing landscape of education, SMU Cox takes pride in offering a range of business programs to prepare tomorrow’s leaders. SMU Cox graduate programs also continue to thrive, with Full-Time MBA applications up again this year. As well, our one-year Master of Science programs are increasingly popular. In addition to MS programs in Accounting, Finance and Management, we now offer an MS in Sport Management, in collaboration with the Simmons School, and will begin taking applications for another new MS program — the Master of Science in Business Analytics. Classes will debut next fall.

Another way that Cox is preparing tomorrow’s leaders is through Executive Education’s new Latino Leadership Initiative, highlighted in this issue. With the support of eight corporate sponsors, Cox is helping to fill a need in a demographically evolving marketplace. Research tells us that historically, Latino executives are often the first to be promoted, yet executive leadership roles tend to be more elusive. Our program, in partnership with the National Hispanic Corporate Council, will seek to affect that trend.

Continuing with the theme of inevitable change, I invite you to read how our alumni touch the world well beyond the boardroom in the story titled “Agents of Change,” which introduces readers to Cox students and graduates who are making a positive and lasting impact on the world around us in a variety of ways.

We are grateful for the generosity of dedicated alumni and loyal supporters, which creates opportunities yet to be explored and ensures that SMU Cox makes a difference for students today and the world tomorrow. Thank you for the continued support that makes it all possible.

Albert W. Niemi, Jr.

Dean, SMU Cox School of Business

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P R O G R A M N E W S

U N D E R G R A D U A T E P R O G R A M S

Undergraduate Programs | Graduate Programs | Executive Education | Centers of Excellence | Global Connections

PROGRAM NEWS

SMU Cox Welcomes the Class of 2017 The BBA Admissions office welcomes the Class of 2017! Of the incoming SMU class of nearly 1,450 students, more than one-third of the students have an interest in business. Additionally, Cox has an incoming BBA Scholar class of 120 students, with an average SAT of 1439. Sixty percent of the BBA Scholars come from outside Texas, with the top states being California, Georgia, Missouri and Oklahoma.

BBA Marketing Practicum: Ramon Alvarez, director of public relations, FOX Sports Southwest; Mary Hyink, director of marketing, FOX Sports Southwest; students Caroline Stapleton, Jessica Webb, Samantha Zivin, Lauren Miller, Jeremy Moran; Judy Foxman, senior lecturer ofmarketing, Cox; and Ryan Allison (BBA ‘12), marketing coordinator, FOX Sports Southwest.

Cox Marketing Team Wins with FOX SportsFOX Sports Southwest and the FOX

Sports Media Group selected the

marketing campaign created by

Team “Synergy” as its top pick after

a semester-long competition. The

program was a partnership between

FOX Sports’ Creative University

program and the Cox BBA Honors

Marketing Practicum taught by

Senior Lecturer Judy Foxman. The

class was divided into four teams,

each of which worked to develop

a marketing campaign to drive

viewership and ratings for college

football programming on FOX Sports

Southwest. In April, teams presented

their campaign proposals to FOX

Sports senior marketing executives,

who announced the winning team on

the final day of class. Students gained

valuable networking opportunities

and real-world experience. FOX Sports

Southwest plans to use all or parts of

the winning campaign, including a

TV commercial, and some of the ideas

presented by the other three teams.

Actor Bryan Massey played

“Crazed Fan #1” for the

Creative University commercial

shoot for FOX Sports Southwest.

For more information on the

Creative University program, visit

foxcreativeuniversity.com/school/

smu/spring-2013.

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Marketing Department Presents BBA AwardsThe Marketing Department held its annual BBA Marketing Awards Luncheon in April. Honorees: Distinguished Marketing Student Awards: Rebecca Hanna, Kimbrell Hughes, Elizabeth Hartnett, Matthew Schklair; JCPenney Outstanding Student Award: Katherine Boomer; Outstanding Marketing Student Award: Mark Trautmann. The keynote speaker at the luncheon was Paul Monroe, vice president of marketing and communications for the Dallas Mavericks.

BBA Career Center Launches Consulting Academy

Cox BBAs are increasingly pursuing

careers in the consulting field. To help

students make their career goals a reality,

the BBA Career Center introduced new

events and training to educate students

about consulting options, prepare them

for the hiring process and connect them

to potential employers. The BBA Career

Center also launched the Cox Collegiate

Consulting Academy, a selective

consultant development program led in

partnership with the 10 consulting firms

currently recruiting at Cox.

Ed Horne (‘96), a director with Deloitte

Consulting’s technology practice, chairs

the consulting firms’ involvement in

the Academy. “As an SMU alumnus,

I am always looking for ways to help

my fellow Mustangs get jobs with

top organizations. Participants in the

Consulting Academy will not only have a

leg up on the competition, but they will

also develop skills to enable a successful

launch into the consulting field.”

There were 32 undergraduates

accepted into the inaugural program.

The number of Cox BBAs hired as

consultants has doubled in the last

three years and is expected to increase

with the launch of the new Academy. n

U N D E R G R A D U AT E P R O G R A M S

BBA students participate in Consulting Roundtable.

BBA Marketing Award honorees

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G R A D U A T E P R O G R A M S

MSF Students Support Texas Scottish Rite HospitalThe Master of Science in Finance (MSF) Class of 2013 celebrated the end of the program by hosting a charity event for Texas Scottish Rite Hospital for Children that raised more than $1,000.

Application Deadlines for MBA Programs

The MSF Class of 2013 celebrates at Bowl and Barrel.

Professional MBA Deadline for Spring 2014: November 15, 2013

Full-Time MBA Round 1 for Fall 2014 Entry: November 5 (international) November 20 (domestic)

P R O G R A M N E W S

Cox Launches Master of Science in Business Analytics In the field of business analytics, 85

percent of positions posted on job

sites require an advanced degree.

SMU Cox recognizes this high-growth,

high-reward career path and has

developed the Master of Science in

Business Analytics (MSBA) program

for those interested in solving business

challenges using big data. The nine-

month degree will provide students

with the expertise and specialized skills

employers in IT, marketing, operations

and consulting demand. The program is

accepting applications for Fall 2014.

The first MSBA class will start in Fall 2014. For more information, visit coxmsba.com.

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EMBA Council attendees tour the Meadows Museum.

G R A D U AT E P R O G R A M S

EMBA Hosts Business Plan Competition The annual Executive MBA Business

Plan Competition awarded $18,500

this year. John Adler of Silver Creek

Ventures led the judging team.

The first-place team included Tiffany

Etheridge, Fabrice Gonfalone and

Ana Snyder (all EMBA ’13), who

together received $10,000. Their

business concept, “Medi-Co,”

provides healthcare to undocumented

immigrants without insurance.

Winning teammates Ana Snyder, Fabrice Gonfalone and Tiffany Etheridge with judge John Adler

MBA Students Receive External ScholarshipsThe Texas Business Hall of Fame

awarded a $10,000 scholarship to

Ben Briggs (MBA ’14). Briggs will

be recognized at a luncheon and

induction dinner in San Antonio in

November.

The ICSC (International Council

of Shopping Centers) Foundation

awarded the $10,000 Charles

Grossman Graduate Scholarship

to Melanie Samuels (MBA ’13).

Samuels was recognized at

the Global Retail Real Estate

Conference in Las Vegas in May.

EMBAs Bring Their Bosses to SchoolThe second annual Bosses’ Night was held in March. This military tradition encourages camaraderie throughout the chain of command and allows current students to bring their bosses and/or colleagues to the Collins Center for a night of networking and a glimpse into the EMBA program. Special thanks to sponsors Strasburger & Price and Anheuser-Busch.

Cox Hosts EMBA Council Regional MeetingThe annual Executive MBA Council Southwest Regional Meeting was held at SMU in June. Faculty and staff from surrounding campuses meet to keep the industry informed and educated about recent trends and happenings. A combination of incoming students, current students, alumni, faculty and staff participated in sessions about recruiting, technology in the classroom, the global experience and much more. Professor Miguel Quiñones led an interactive discussion on developing a personal brand. The group also visited the George W. Bush Presidential Center and enjoyed a tour of the Meadows Museum led by Mark Roglán (EMBA ‘12), museum director.

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Ron Heath, Stacy’s husband; Lisa and Ryan McCarthy (EMBA ’13); Tessa Hoskin (EMBA ’09), Stacy’s classmate; and Jan Bower, Stacy’s mother.

EMBA Program Awards First Stacy Heath Memorial Scholarship The Executive MBA program honored

Ryan McCarthy (EMBA ’13) as its first

recipient of the Stacy Heath Memorial

EMBA Scholarship. Heath’s family,

friends and classmates established the

scholarship in her honor after the EMBA

student died of breast cancer in 2011.

McCarthy graduated in May and recently

launched his own company, Ascent

Advisory Group.

P R O G R A M N E W S

MBA Venture Capital Practicum Continues The MBA Venture Capital Practicum class, taught by professor John Terry, presented its annual investment candidates to the Cox MBA Venture Fund Advisory Board and Investment Committee in May. The students spent the spring semester studying venture investment principles, securing and evaluating deal flow, performing due diligence and working with venture partners. n

MBA Venture Capital Practicum class

“Stacy’s touching story stopped me in my tracks and put hard work, passion, perseverance and giving into perspective,” says McCarthy. “Her scholarship has instilled a bigger purpose and meaning into my academic experience at SMU Cox and my professional aspirations moving forward.”

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E X E C U T I V E E D U C A T I O N

E X E C U T I V E E D U C AT I O N

12th Annual Summer Business Institute The 12th Annual Summer Business Institute welcomed 35 students this year. Current college students and recent graduates from around the country were immersed in a four-week intensive certificate program covering accounting, finance, marketing, business law, career planning, computer skills, entrepreneurship and corporate social responsibility. The students also participated in a team-building exercise at the North Texas Food Bank, where they packaged more than 15,000 meals for local school programs. They also toured KidKraft and learned about the company’s global operations. Dean Al Niemi shared his economic forecast with the students at a luncheon during the program, a highlight for the participants.

The Graduate Business Analytics

Certificate Program celebrated the

graduation of its Fall 2012 class, which

included managers and professionals

from leading companies such as Alcon

Labs, Bank of America, Blue Cross Blue

Shield, Hewlett Packard, IBM, KPMG,

Natural Resources, Pioneer and Verizon.

The 15-week program is designed for

managers and professionals in finance,

marketing, IT or operations who

analyze business data. The program

addresses topics like decision modeling

and analysis, data and knowledge

management, data mining, web

analytics and revenue management.

GBACP Graduates 14th Class

2013 Summer Business Institute class with Dean Al Niemi and Professor Hemang Desai

GBACP Fall 2012 class

General Counsel Forum Offers Advanced Business Strategies In May, 19 corporate counsel,

general counsel and attorneys from

Chevron, Interstate Battery,

7-Eleven and other firms attended

a follow-up offering to the popular

Forum Institute for Leadership

in the Law Advanced Business

Strategies Program. Barbara

Kincaid, senior lecturer in business

law, serves as the academic

director for the program. The

accelerated program dives into

financial decision-making regarding

investing in businesses, accounting

for mergers and acquisitions,

collaboration across enterprise

boundaries, leveraging and aligning

human capital with strategic

initiatives, digital and social media,

and strategic planning.

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Executive Education Custom Programs ThriveLast spring, Six Flags launched its Learning and Leadership Development Program in partnership with Cox Executive Education. The program will be delivered in seven regions around the country. Topics include Strategic Alignment and Execution, Leading Effectively and Results Through Influence.

Devon Energy, Apache, Anadarko, Spectra, Gamestop, Lockheed Martin and other companies continue their leadership and management development with custom programs delivered through a collaborative process at the Cox School.

To learn more, visit exed.cox.smu.edu or call 214.768.3335.

P R O G R A M N E W S

Run for the Money!Team up with four co-workers and join

us in the 2013 SMU Cox Corporate

Relay Challenge presented by Behringer

Harvard. On December 8, 2013,

corporate teams will run the full

MetroPCS Dallas Marathon as a

five-person relay. Winning relay teams

share $30,000 in prize money, which

Behringer Harvard gives directly to Texas

Scottish Rite Hospital for Children on

their behalf. For more information or to

register, go to dallasmarathon.com. n

C E N T E R S A N D I N S T I T U T E S

Professors Zannie Voss and Glenn Voss

Phil Riordan (BBA ’74), head of real

estate investments for General Electric

Pension Plans, was the keynote speaker

at the SMU Real Estate Society meeting

in April. At the spring meeting, Dean

Niemi announced that the school will

expand its real estate offerings with

a well-financed and more active

real estate institute. The Robert and

Margaret Folsom Institute for Real

Estate was established in the 1980s

at SMU with a generous gift from

Robert S. Folsom (BBA ’49), former

mayor of Dallas. The Folsom Institute’s

expanded real estate programming

will focus on academics, community

outreach and research. SMU Cox is in

the process of a director search, while

Bill Brueggeman, the Clara R. and Leo

F. Corrigan, Sr. Endowed Chair in Real

Estate, will continue in his present role

as chair of the Real Estate Department.Phil Riordan speaks at the SMU Real Estate Society meeting in April.

Folsom Institute for Real Estate Expands Offerings

SMU Cox and Meadows Launch National Center for Arts Research The Cox and Meadows schools recently launched the National Center for Arts Research (NCAR) at SMU. The center, the first of its kind in the nation, aims to act as a catalyst for the transformation and sustainability of the national arts and cultural community. With plans to analyze the largest database of arts research ever assembled and investigate important issues in arts management and patronage, the center will make its findings available to arts leaders, funders, policymakers, researchers and the general public. The first annual report will be released later this fall.

Glenn Voss, Marilyn R. and Leo F. Corrigan, Jr. Endowed Professor of Marketing, and Zannie Voss, chair and professor of arts management and arts entrepreneurship in the Meadows and Cox schools, are serving as research director and director, respectively, of NCAR. Richard A. Briesch, associate professor of marketing and Corrigan Research Professor, is an NCAR research fellow involved in developing the annual report, along with Bill Dillon, senior associate dean, Herman W. Lay Professor of Marketing and professor of statistics.

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C E N T E R S A N D I N S T I T U T E S

Don Shelly and Kelsey Knobloch Robert Mills and Bill Maxwell

Alternative Asset Management Students Evaluate Michaels Stores’ IPOThe highly selective EnCap Investments

and LCM Group Alternative Asset

Management Center (AAMC) accepted

25 new students last year. The students’

final project for the Alternative Assets I

course was the valuation of Michaels

Stores’ IPO. Three teams were chosen

to present a fairness opinion to the

CFO of Michaels, a J.P. Morgan

managing director and the AAMC

board of directors. Students Salvador

Bonilla-Mathe and Andrew Fiepke won

a tight contest. The AAMC also held a

year-end event attended by graduating

seniors, their families and AAMC board

members.

Don Jackson Center Names Board Chair, Hosts Speaker SeriesThe Don Jackson Center for Financial Studies announced its new board

chair, Kirk Rimer, managing director of Crow Holdings and executive-in-

residence in the Finance Department. Throughout the year, the Jackson

Center invited numerous outside speakers to present to BBA, MBA and

MSF students, including:

Speaker/Company TopicChristopher Miller, Citigroup Financing a Deal and Going PrivateEric Bauer, Evercore Partners Valuing an Oil and Gas FirmMike Silverman, Crow Holdings Investment Manager SelectionKevin Dunleavy, Morgan Stanley Global Investment Banking/Hedge FundsWilliam McKiernan, WSM Capital Starting and Running a BusinessMike McGill, MHT Partners Middle Market M&ALeland White, Energy Trust Capital Capital Investment in Upstream EnergyAmir Yoffe, CIC Partners Private Equity: Walking Through a DealChad Whitney, Goldman Sachs Alternative Asset Allocation DecisionsDavid Haley, HBK Hedge Funds: The BasicsMark Shenkman, Shenkman Capital An Overview of Leveraged Finance

Finance Professors Mentor Don Jackson FellowsThe Don Jackson Center sponsored six students as Don Jackson

Fellows in 2013:

Student Professor EmployerAsad Berani Indraneel Chakraborty Interning with Citi EnergyNi Huilin James Smith Interning with Match Point AssetsKelsey Knobloch Don Shelly Neuberger Berman AlternativesRobert Mills Bill Maxwell Goldman SachsJames Moreton Kumar Venkataraman RBC – Capital Markets Energy GroupJaison Thomas Jim Linck Interning with RBC

The professors served as mentors to the students, who were assigned

projects that provided a challenging work experience to expand their

knowledge base. The fellows’ year culminated in April with an event

at TopGolf, pitting the students against their professors in a friendly

competition, and a dinner at Sevy’s with David Miller, Kirk Rimer and

Don and Fran Jackson.

O’Neil Center Creates Advisory BoardThe O’Neil Center for Global Markets and Freedom organized its first advisory board in 2012, led by Chair Jerome M. Fullinwider. The board provides strategic direction and reviews and evaluates prospective center programs. Board members are expected to contribute ideas, provide contacts with other community leaders and support the center’s activities. Members include William J. O’Neil (chairman emeritus), William S. Spears (vice chairman), Allie Beth Allman, Michael M. Boone, Todd Furniss, Ronald C. Lazof, Thomas C. Leppert, John D. McStay, Sarah F. Perot, Gail Plummer, Michael S. Rawlings, Eric Stroud, James R. Von Ehr, II, Ray Washburne and Richard H. Wright. The board’s first meeting was held in February.

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P R O G R A M N E W S

BLC Recognizes Outstanding Students and Instructors This spring, Dean Al Niemi hosted the

annual Business Leadership Center

(BLC) and Edwin L. Cox BBA Business

Leadership Institute (BLI) Awards

Luncheon to honor Cox students and

instructors who earned awards during

the 2012-13 academic year. Edwin L.

Cox was an honored guest at the event,

where 26 Cox graduate students were

recognized as Dean’s Circle members

for completing more than 90 contact

hours / 30+ BLC credits through

seminars and applied leadership

programs. Outstanding BBA students

were also recognized. In addition,

20 BLC corporate instructors, who

received a 4.8 out of 5.0 evaluation

from the students, were honored

for earning at least one Teaching

Excellence Award.

For more information on BLC Awards

and Recognition, please visit cox.smu.

edu/web/blc/awards-and-recognition.

2012-13 BLC Dean’s Circle award winners

O’Neil Center Continues Speaker SeriesAndrews Distributing, a Dallas-

based beverage company, donated

$25,000 in 2012-13 to continue

the O’Neil Center Speakers Series.

Its mission is to bring leading

scholars to the SMU campus, where

they engage students, faculty

members, business leaders and the

general public in a dialogue about

how markets work, the power of

economic freedom and the role of

government in a free society. In

February, the O’Neil Center Speaker

Series welcomed Arthur Brooks,

president of the American Enterprise

Institute and author of The Road To

Freedom. Brooks gave a powerful

lecture on the morality of capitalism

to an audience of 200 guests.

Arthur Brooks

O’Neil Center Launches Youth InitiativeLast spring, the O’Neil Center introduced a new youth initiative, led by Kathryn Shelton and under the direction of O’Neil Center Director W. Michael Cox. Targeting a younger audience of students and professionals aged 13 to 30, the initiative will spread free-market ideas through five interrelated programs: (1) an educational video series designed to educate youth in an interactive format; (2) web resources for educators; (3) a Liberty and Markets Reading Group for SMU undergraduate students; (4) presentations to students in middle and high schools; and (5) a partnership with the Dallas chapter of America’s Future Foundation, the premier national organization dedicated to the communication of free-market principles.

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Spring 2013 Starting a Business class

Caruth Institute Continues “Starting a Business” Course The Caruth Institute hosted the Spring 2013 “Starting a Business” course with more than 60 students.The class ended with a keynote presentation from Jeff Tucker (BBA ‘94), co-founder of Century Bridge Capital, on investment successes in China. For more information, go to smu.edu/SAB. n

Calvin Carter, Steven Horne, Bill Rolley

MBAs Compete for Business Plan Prize

Winning team Todd Earsley and Sean Tremblay with judges Joseph A. Hoffman, partner at Andrews Kurth LLP (left), and Hubert Zajicek (PMBA ’06), executive director and co-founder of HealthWildcatters (right). Presenting the check is club president Jay Fuquay (center).

C E N T E R S A N D I N S T I T U T E S

Caruth Institute Launches SMU Undergrad Entrepreneurship Club

In February, the MBA Strategy and

Entrepreneurship Club and the Caruth

Institute hosted the annual MBA

Business Plan Competition. The

$30,000 top prize was awarded to MBA

students Todd Earsley and Sean Tremblay

for their concept, “My Shop Assist.” For

more information, go to smubpc.com.

Club officers Prithvi Rudrappa, Ashley Wali, Luciano Vizza, Jared McCluskey and Emma Blackwood with Andres Ruzo and Simon Mak

2012 Dallas 100™ winner Andres Ruzo,

founder of Link America, and Wick

Allison, founder of D magazine, spoke

at the club’s fall and spring meetings.

Club activities included competition in

the TCU Values and Ventures Business

Plan Contest, where students Michael

Tran, Gloria Steinke and Lovis Kauf

presented their concept, SMOOCHIES:

Kisses of Nature. At the club’s first Mustang

Minute Business Pitch Contest held at the

flagpole, SMU students had one minute

to pitch their ideas. Winner Tyler Nelson

received $100 for his 60-second effort.

Caruth Hosts Southwest Venture Forum ProgramsThe January program was “Venture Capital Update 2013,” led by John S. Taylor, vice president of research, National Venture Capital Association. The March program was “Angel Investing Update 2013,” led by Jim Lafferty, North Texas Angel Network; Jamie Rhodes, Central Texas Angel Network; and Jan Norton, Golden Seeds. The May program was “The Fastest Growing Companies in the Dallas 100™,” led by Dallas 100™ company founders Calvin Carter, Bottle Rocket Apps, with Steven Horne, Wingspan Portfolio Advisors LLC, and moderated by Bill Rolley, senior vice president, Texas Capital Bank. For more information, go to smu.edu/SWVF.

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G L O B A L C O N N E C T I O N S

P R O G R A M N E W S

Cox MBAs Travel the World with the GLP

SMU Welcomes Bush Presidential Center to Campus On April 25, the world watched as the five living U.S. presidents and 10,000 guests dedicated the George W. Bush Presidential Center. Located on a 23-acre site on the east side of campus, the Bush Center houses the Presidential Library and Museum and the George W. Bush Institute. Open to the public since May 1, the archives and artifacts of the Bush Administration include 80 terabytes of digital information, 200 million e-mails and 43,000 artifacts.

“The resources of the Bush Center will provide unique learning experiences for our students, as well as research opportunities for our faculty and scholars around the world,” said SMU President R. Gerald Turner. Active since 2010, the Bush Institute held 12 symposia in the Collins Center, attracting more than 2,500 participants from around the world and involving faculty and students in related disciplines. n

President Barack Obama and former presidents George W. Bush, Bill Clinton, George H.W. Bush and Jimmy Carter at the dedication of the George W. Bush Presidential Center. Photo by Paul Morse.

Japanese delegation

In May, Cox first-year MBAs embarked

on four different 10-day trips to various

regions around the world as part of the

Cox Global Leadership Program (GLP),

a global immersion experience where

MBA students meet with international

business leaders and explore the history,

political climate, economy, culture and

business etiquette of a country or

region. In East Asia, China, Europe and

South America, students met with

company executives and government

officials and visited important cultural

and historical sites. Upon their return,

student groups participated in the GLP

Symposium to present their findings

about the unique challenges and

opportunities of each global region

before peers, professors and local

corporate leaders.

Caruth Institute Hosts International Delegation In January, the Caruth Institute hosted a delegation from Japan, sponsored by the U.S. State Department’s International Visitor Leadership Program. Simon Mak, Caruth Institute associate director, and Linda Kao, assistant dean of global programs, presented the delegates with SMU Cox visors and first-edition copies of Texas Did it Right, a book authored by Sam and Andrew Wyly.

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2 0 1 3G R A D U A T I O NCongratulations

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G R A D U AT I O N

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FA C U LT Y A N D S TA F FA C H I E V E M E N T S

Initiative Leadership Fellowship and taught a class on building teams to 19 Egyptian women representing the 2013 class of BWI Fellows. He also went to Cairo, Egypt, in June to teach leadership training to the Egyptian women participating in the fellowship program. In July, Carson participated in a symposium at the INGroup (Interdisciplinary Network for Group Research) Conference in Atlanta. Carson and co-authors presented “Teams on the Hyper-Edge: Using Hypergraph Network Methodology to Understand Teams,” which explores the conceptual advancement of hypergraph metrics for studying teams.

W. Michael Cox, director of the O’Neil Center for Global Markets and Freedom, gave a series of speeches around the nation on the topics of “Preparing for the Inevitable: Rising

Interest Rates”; “The Imagination Age: An Optimistic Perspective on America’s Hard Times”; “Making Good Money in a Bad Economy”; “Looking for the (New) New World”; “How to Fix Social Security”; and “Capitalism: Society’s Anti-Poverty Program.”

Maribeth Kuenzi and John Sumanth, both assistant professors of management and organizations, co-wrote “Employee Voice, Values, Practices and Organizational Climate:

A Conceptual Integration.” Kuenzi and Sumanth presented their paper at the Society for Industrial and Organizational Psychology (SIOP) Conference in Houston.

Robert Lawson, the Jerome M. Fullinwider Endowed Centennial Chair in Economic Freedom, presented two papers, “Do Travel Visa Requirements Impede Tourist Travel?”

and “Grouping Countries by Economic Freedom Using K-Means Clustering,” at the April meeting of the Association of Private Enterprise Education (APEE) in Hawaii, the

Ellen Parker Allen, clinical professor of information technology and operations management, received the Distinguished Professor Award for 2012-2013 from Delta

Sigma Pi, the business honor fraternity.

Richard Alm, writer-in-residence for the O’Neil Center for Global Markets and Freedom, presented a paper in April that he co-authored with O’Neil Center Director W. Michael Cox, titled

“Economic Freedom and the Returns to Education,” at the Association of Private Enterprise Education’s (APEE) international conference in Lahaina, Hawaii.

Marci Armstrong, associate dean of graduate programs, presented on a panel at the GMAC Leadership Conference in San Francisco, attended by deans, associate

deans and assistant deans from the top 100 business schools. Her panel, titled “Managing a Balanced Portfolio of Programs,” focused on the growth of MS programs in business schools and the strategic, financial and organizational factors and challenges faced when launching, managing and terminating programs. She was subsequently invited to lead similar sessions at other conferences.

Jay Carson, assistant professor of management and organizations, presented “Leading the Way: Incorporating Network Analytics into Leadership Research” with his

co-authors at the Society of Industrial and Organizational Psychology (SIOP) Conference in Houston. His co-authored paper “The Topology of Collective Leadership” was published in Leadership Quarterly. Carson participated in the International Women’s Day celebration of the Bush Women’s

largest gathering of free market academics in the country. Lawson also presented APEE’s Herman W. Lay Award to Jerome M. Fullinwider, chair of the O’Neil Center Advisory Board, in recognition of his many decades of philanthropy and service. A past president and current board member of APEE, Lawson was honored with the Kent-Aronoff Award for service to the association.

Dwight Lee, William J. O’Neil Chair of Global Markets and Freedom, co-wrote a peer-reviewed article, “The Case for Abolishing Federal Taxation,” with O’Neil Center

writer-in-residence Richard Alm, which was published in The Journal of Private Enterprise. With Alm, he also wrote “Don’t Californize Texas,” which appeared in Regulation magazine. Lee co-wrote “Market Failures, Government Solutions, and Moral Perceptions,” which was published in The Cato Journal. Lee served on a panel discussing the book Redeeming Economics by John D. Mueller in April at the Association of Private Enterprise Education (APEE). Lee presented his paper “The Two Moralities of Ebenezer Scrooge” in an APEE session on Literature and Liberty, and it appeared as a featured article on the Library of Economics and Liberty website in May. Also featured was his article “Socially Responsible Corporations: The Seen and the Unseen.” Lee’s co-authored paper “An Economic Analysis of the Effects of Fair Trade: With Rumination on the Popularity of Economists” was published in the Journal of Public Finance and Public Choice. His article “Reducing Income Inequality at the Expense of the Poor” was published in The Freeman. Also published in The Freeman was Lee’s review of the Michael J. Sandel book What Money Can’t Buy: The Moral Limits of Markets. Lee is a contributing editor to a book published this year, The Origins of Public Choice: The Legacy of Buchanan and Tullock. He co-wrote “The Impact of Calculus of Consent” as a chapter in the book.

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A C H I E V E M E N T S

Karen Leeseberg, outreach librarian for the Business Library, presented with librarians from UT Austin and Dallas Public Library at the Texas Library Association Annual

Conference held in Fort Worth in April. The half-day workshop, “Business Reference 101,” helped 20 non-business librarians learn more about resources to answer typical inquiries on companies and industries using a “starting-a-business” scenario.

James S. Linck, Distinguished Chair in Finance, wrote an article titled “Can Earnings Management Ease Financial Constraints? Evidence from Earnings Management Prior to

Investment,” which was accepted by The Accounting Review, a journal of the American Accounting Association. Linck spoke at the 5th Annual Florida State University SunTrust Beach Conference in Sandestin, Florida, on “The Consequences of Independent Director Reputation Incentives on Board Decision-Making and Firm Actions.”

Frank Lloyd, associate dean of executive education, contributed the following articles for publication: “Bilingual Industry” appeared in Middle East Oil & Gas in March; “Building a

High Performance Workforce with a New Type of Corporate Leadership” appeared in PennEnergy in May; “Reshaping the HR Barbell” appeared in OTC Daily Newspaper in May; and “Filling the Hispanic Leadership Gap” was published in Training Magazine in June.

William Maxwell, Rauscher Chair in Financial Investment, had his co-authored paper “Refinancing Risk and Cash Holdings” accepted by the Journal of Finance. The paper argues that

firms are holding more cash on their balance sheets because of refinancing risk. For more, read Faculty Research page 23.

T. Andrew Poehlman, assistant professor of marketing, gave a talk at the Society of Consumer Psychology in San Antonio in March titled “The Valuation of Future Achievement.”

His research explores how people value the notion of future performance potential even when making consumption decisions only experienced in the present.

Ravindra Sastry, assistant professor of finance, presented his paper “Tales of Tails: Quantifying Extreme Downside Risk” at the 2013 NBER-NSF Seminar on Bayesian Inference

in Econometrics and Statistics in May at Washington University in St. Louis.

Canan Savaskan-Ebert, Corrigan Research Professor and associate professor of information technology and operations management, had her co-authored paper “Dynamic Pricing

of Remanufacturable Products under Demand Substitution: A Product Life Cycle Model” published in Annals of Operations Research. In March, Savaskan-Ebert was invited to present her paper “Implications of Direct-Store-Delivery on Channel Management” at the Fisher School of Business, Ohio State University. The paper was also presented at at the Annual Manufacturing and Service Operations Management (MSOM) conference in July.

Raj Sethuraman, Marilyn R. and Leo F. Corrigan, Jr. Endowed Professor of Marketing and Marketing Department chair, presented his paper “Testing the Traditional

View of National Brands and Store Brands: A Comparison of Response Elasticities and Brand Equity in Carbonated Soft Drinks” at an April research camp at the University of North Carolina at Chapel Hill.

Wayne Shaw, the Helmut Sohmen Distinguished Professor of Corporate Governance, was an honoree in D CEO magazine’s 2013 Financial Executive

Awards. The award for Excellence in Corporate Governance was presented to Shaw at an April awards event. He was chosen by an independent panel of experts from D CEO, Financial Executives International, the Dallas CPA Society and the Association for Corporate Growth.

John W. Slocum, Jr., professor emeritus of management and organizations, and David Lei, assistant professor of management and organizations, co-wrote the book Demystifying Your Business Strategy, published in August. Slocum presented a seminar at Bond University in Robina, Australia, titled “Dynamics of Business Strategies” and at the University of Queensland

in Brisbane, Australia, titled “Understand Corporate Cultures.” His co-authored paper “Top Management Talent, Strategic Capabilities and Firm Performance” was published in the journal Organizational Dynamics in 2012.

James L. Smith, Cary M. Maguire Chair in Oil and Gas Management, spoke on “Oil Price Forecasts and Trends” at an April symposium sponsored by the Cato Institute in Washington,

D.C., on “The Impact of Cartel Behavior on Global Oil Prices and the Challenge to Free Markets.” Smith also spoke at the 2013 International Workshop in Milan, Italy, at the invitation of Italian Energy Institute, FEEM (Fondazione Eni Enrico Mattei), an offshoot of ENI, the Italian-based international oil company. At the request of the International Association for Energy Economics (IAEE), Smith also organized a plenary session on “Developments in the Global LNG Market” at the IAEE’s international conference held in Daegu, South Korea, in June.

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addressed the same topic at the McKinney Rotary Club and the Uptown Rotary Club in Dallas. In April, he was the keynote speaker at Duke University at the Association for Corporate Growth Capital

Conference. In May, Weinstein attended the U.S.-Azerbaijan Convention: Vision for the Future in Baku, Azerbaijan, and presented a discussion titled “The Transanatolian Pipeline and Energy Diversity for Europe.”

In June, he addressed U.S. energy policy at the Santa Fe Council on International Relations. Weinstein presented “Economic Outlook for the U.S., Texas and DFW: Mid-Year Assessment” at a meeting of the Texas Society of CPAs-Fort Worth chapter. “Energy and The Economy” was the topic when he spoke to the Allen-Fairview Chamber of Commerce, also in June. At the Dallas-Fort Worth Association for Business Economics, his discussion was titled “Can the U.S. Achieve Energy Independence and Should That Be the Goal of Public Policy?”

In July, Weinstein spoke to the Dallas Societyof Petroleum Engineers about ways the U.S. can live up to its energy potential. Also in July, Weinstein testified before the U.S. House Subcommittee on Agriculture, Energy and Trade about how recently proposed regulations could affect U.S. small businesses. Highlights of his testimony were posted on the Bush Center “4% Growth Project” blog. Weinstein is a Bush Fellow.

Jiewei “Jeff” Yu, assistant professor of accounting, had his co-authored paper “The Spillover Effect of Fraudulent Financial Reporting on Peer Firms’ Investment Efficiency”

accepted for publication in the Journal of Accounting and Economics. n

at the SEC and at the Commodities Futures Trading Commission. He was the only academic to participate as a panelist. Venkataraman presented his paper “Insider Trading before Unscheduled Corporate Events: Theory and Evidence” at Rice University and again at the 2013 Stern Microstructure Conference at NYU. In May, Venkataraman presented his paper “Introducing Daylight in Structured Credit Products” at the 2013 Society for Financial Studies Cavalcade in Miami.

Dimitris Vrettos, assistant professor of accounting, will have his research paper “Are Relative Performance Measures in CEO Incentive Contracts Used for Risk Reduction and/

or for Strategic Interaction?” published in Accounting Review.

Gordon Walker, David B. Miller Professor of Business and chair of the Strategy and Entrepreneurship Department, presented his paper “Ownership of the Firm and Product

Innovation in Chinese Manufacturing, 1998-2007,” co-authored with Frank Xia, at the Organization Science Winter Conference in Steamboat Springs, Colorado. Walker presented “The Dynamics of Venture Capital Network Position and Performance, 1980-2001” at the University of Florida in February. Bernard Weinstein, associate director of the Maguire Energy Institute and adjunct professor of business economics, traveled to Lubbock and El Paso to speak to community groups about the need for the U.S. to develop and adhere to a cohesive energy policy. He

Greg Sommers, professor of practice in accounting and director of the Master of Science in Accounting program, received a $10,000 award through the PwC INQuires program. PwC

has awarded over $2.5 million through this program since 2007 to fund curriculumredesign for current developments in the profession or to incorporate sustainability, development of diversity initiatives and applied research projects. Sommers will use the award to complete a new textbook on valuation, with particular emphasis on accounting-based valuation, currently being co-authored with Peter Easton at Notre Dame.

Johan Sulaeman, assistant professor of finance, and his co-authors received the Best Paper Award in Corporate Finance at the 2013 Eastern Finance Association annual

meeting for their paper titled “Institutional Trading During a Wave of Corporate Scandals: ‘Perfect Payday’?” He was interviewed in July by the trade publication aiCIO about his co-authored paper “Are Institutional Investors Truly Skilled or Merely Opportunistic?”

Kumar Venkataraman, Fabacher Endowed Professor of Alternative Asset Management and Finance Department chair, served as a panelist at the Securities and Exchange Commission’s

Fixed Income Roundtable in Washington, D.C., in April. He also presented his paper “Should Exchanges Impose Market Maker Obligations?”

C O X 2 0 1 3 F A C U LT Y A N D S T A F F A W A R D SAt the 2013 Faculty and Staff Awards Luncheon in May, Dean Niemi recognized several members of the Cox faculty and staff for their contributions to the school.

Rick Briesch and Kumar Venkataraman received the ELCSB Research Excellence Award. Jay Carson received the Carl Sewell Distinguished Service to the Community Award. Don Shelly received the C. Jackson Grayson Endowed Faculty Innovation Award. Barry Bryan received the Eugene T. Byrne Endowed Faculty Innovation Award. Bill Dillon received the Boghetich Family Distinguished Teaching Award. Barry Bryan, Judy Foxman, Barbara Kincaid, Don Shelly, Greg Sommers and Catherine Weber received BBA Outstanding Teaching Awards. David Lei, William Maxwell and Al Neimi received BBA Distinguished Teaching Awards. Jay Carson, Doug Hanna, Barbara Kincaid and Susan Riffe received MBA Outstanding Teaching Awards. Barry Bryan, Darius Miller, Tassu Shervani and Don Vandewalle received MBA Distinguished Teaching Awards. Media Expert Awards were presented to faculty who received the most media coverage in 2012; the first-place winner was Bernard Weinstein. Other faculty winners included Bruce Bullock, W. Michael Cox, Mike Davis, Steve Denson, Edward Fox, Daniel Howard and Al Niemi. Dean Niemi also recognized staff members nominated by their peers for their outstanding service. This year’s Staff Recognition Awards went to Gwen Beauchamp, Jonathan Buck, Jill McGinnis, Jan Olavarri and Faith Rose.

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cox.smu.edugo to

N E W FA C U LT Y

NEW FACULTY Michael Braun,

associate professor of marketing, joins the Cox School of Business from the MIT Sloan School of Management. The core of his research is the statistical analysis of large and complex customer

databases. He has taught sales forecasting, customer retention and valuation, marketing ROI, social networking models, segmentation and targeting strategies, online advertising and insurance decisions. Braun’s work has been published in top academic publications, and he is a member of the Marketing Science Editorial Review Board. Braun’s teaching interest is to train the next generation of business leaders how to analyze, interpret and use marketing data to address real-world managerial problems. Braun earned his Ph.D. from the Wharton School of the University of Pennsylvania. He holds an A.B. with Honors in Economics from Princeton University and an MBA from the Fuqua School of Business at Duke University. Before entering academia, he worked on the development and deployment of broadband Internet products for such companies as Comcast, Marcus Cable and Charter Communications.

Virginia Stewart Kay joins the Cox School of Business as a visiting instructor of organizational behavior. She graduated from the University of Virginia with a B.A. in economics and Spanish and is

completing a doctorate in organizational behavior at the University of North Carolina at Chapel Hill. Kay’s dissertation examines the effectiveness of team accountability structures. In a secondary line of research she investigates the unanticipated consequences of honesty during critical moments in organizational life, including job interviews, accounting for performance lapses and whistleblowing. Prior to graduate school, Kay served the U.S. intelligence community as an economic analyst and as an undercover counter-terrorism officer. She will be teaching the core undergraduate management course in the spring semester.

Julian Kolev joins the Cox School of Business as an assistant professor of strategy and entrepre-neurship. He received a B.A. in economics from Harvard College before continuing to a Ph.D. in

Muku Santhanakrishnan joins the Cox School of Business as a visiting professor of practice of finance. He earned his Ph.D. from the W.P. Carey School of Business at Arizona

State University. He has previously taught a broad range of finance topics at Arizona State University, Portland State University and Idaho State University. His research focuses on empirical behavioral finance and, in particular, on the behavior of individual investors. His most recent work examines the interplay between fluency of ticker symbols, level of investor sentiment and individual investors’ decision-making.

Nathan Walcott joins the Cox School of Business as finance professor of practice. Most recently, Walcott was assistant professor in the Department of Finance and Management Science

at Washington State University. Walcott received his B.A. in biochemistry from Rice University before pursuing his M.S., MBA and Ph.D. in finance from the University of Washington’s Foster School of Business. Walcott’s research and teaching interests are in the areas of corporate finance, mergers and acquisitions, capital structure, executive compensation, business evaluation and information asymmetry.

Kara Wells joins the Cox School of Business as an assistant professor of accounting. She received a B.S. in quantitative finance and financial economics from James Madison University and an M.S. in finance

from Villanova University before earning a Ph.D. in accounting from the Leventhal School of Accounting and the Marshall School of Business at the University of Southern California. Wells’ research interests include financial reporting, corporate governance and the role of managers in accounting choices. Her dissertation examines how individual managers at publicly traded companies impact the overall accounting quality of a firm even after controlling for previously documented determinants of accounting quality. n

business economics at Harvard Business School and a post-doctoral fellowship at the MIT Sloan School of Management. Kolev’s research interests include entrepre-neurial finance, technology transfer, the man-agement of intellectual property and the role of financial markets in corporations’ labor and R&D decisions. His dissertation documents how the cyclical nature of venture capital funding drives life science researchers to transition to the private sector and create start-ups when funding is readily available, generating more patents while focusing on short-horizon innovations.

Stanimir Markov joins the Cox School of Business as an associate professor of accounting. At the University of Texas at Dallas and Emory University, Markov taught financial statement analysis and financial

accounting, as well as a doctoral course examining the role of information intermediaries (sell-side analysts, credit rating agencies and the financial press) in capital markets.

Markov’s research focuses on how informa-tion, both accounting and non-accounting, is produced and used by information interme-diaries and the capital market. His research is empirical and economics-based, and it has been published in premier academic journals. Markov has a Ph.D. in business administration (major in accounting, minor in finance), an M.S. in applied economics from University of Roch-ester and an MBA from Georgetown University.

Rajiv Mukherjee joins the Cox School of Business as an assistant professor of information, technology and operations management (ITOM). His research interest lies in the economics of information

technology (IT) and delves primarily into competing technology network strategies and consumer dynamics in the presence of network externalities and reputation effects. He studies the implications of such strategies on adoption and diffusion of innovation in socially embedded technology platforms. Mukherjee’s recent study on the effect of big data on corporate performance was extensively covered by the media for its impact on the industry. Mukherjee earned his Ph.D. and M.S. in information, risk and operations management from the University of Texas at Austin. In his past life as an engineer, he worked in hi-tech embedded systems research and specialized in analyzing big data in the biometrics industry.

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‘‘COX QUOTEABLESCOX QUOTEABLES

Bloomberg Businessweek“Amend Texas Constitution to Hogtie Public Spending”W. Michael Cox, director of the O’Neil Center for Global Markets and Freedom, and Richard Alm, O’Neil Center writer-in-residence, wrote a published opinion piece calling for an amendment to the Texas constitution that would prevent state lawmakers from spending the state’s $8.8 million surplus. “Constitutional limits on spending blunt the political incentives to spend more. They’re the only long-term way to restrain the size of government.” (2/6/13)

The Wall Street Journal “A Higher Minimum Wage — But Not for Interns in Congress” Dwight Lee, William J. O’Neil Endowed Chair of Global Markets and Freedom, questioned the president’s State of the Union call for an increase in the minimum wage. In a published opinion piece, Lee contrasted the college students who work for free as White House and Capitol Hill interns, but get great and prestigious job experience, with young people from low-income homes who can’t afford college or unpaid internships. “For these young people, the first jobs they find are seldom those in which they start out being productive enough to be worth even the current minimum wage of $7.25. The teenage unemployment rate reported in January was 23.4 percent, according to the Bureau of Labor Statistics. One wonders how much higher it has to go before Washington wakes up.” (2/21/13)

CNBCOn the Money with Maria Bartiromo“MBA Class of 2013”Clayton Laughter (MBA ’13) was one of five May business school graduates interviewed in a taped TV discussion about the value of an MBA degree, graduate career prospects and the future of business. Laughter explained why he decided to pursue an MBA. “Being an engineer, I had a limited career path going forward. I had higher career goals and aspirations, and I knew if I wanted to get there, I was actually going to have to take risks.” (5/26/13)

Los Angeles Times“Mexico Edges toward Letting Foreign Oil Firms Invest in Pemex” Bruce Bullock, director of the Maguire Energy Institute, commented on Mexico’s ruling party efforts toward the potential opening of the state-run oil company, Pemex, to foreign oil firms. If such a change occurs, it could allow U.S. oil firms to drill south of the border. According to Bullock, U.S. oil companies are well positioned to both refine and consume the oil produced. “The more oil we get out of friendly places like Canada and Mexico, and the less oil we get out of places like Venezuela and the Middle East, certainly the less volatile oil prices will be.”

(3/4/13)

American Public Media Marketplace Morning Report “JCPenney Tries to Freshen Up with Joe Fresh”Ed Fox, W. R. and Judy Howell Director of the JCPenney Center for Retail Excellence and associate professor of marketing, was interviewed about JCPenney’s efforts to attract younger consumers by expanding the online “Joe Fresh” clothing brand in-store. Fox explained that many core customers may be feeling confused about the store’s identity. “They’ve lost 30 percent of their business. It’s just gone away. That’s an incredible hurdle for a retailer to try to clear.” (3/14/13)

The New York Times “A Financial Backer When a Parent’s Wallet Isn’t an Option” David Croson, clinical professor of entrepreneurship, explained what he believes to be the benefits of a new site that pairs investors with those finishing college after 2008 seeking money to finance their entrepreneurial ideas. Investors, or backers, receive a percentage of the young person’s income for 10 years, regardless of whether the idea they backed is successful. Croson said he has invested in about two dozen young entrepreneurs because he knows how hard it is to get started. He acknowledged low expectations for a big return on his investment. “It’s almost like being on the board of directors of these companies. All it takes is for one of these people to succeed for it to work out.” (6/7/12)

The Virginian Pilot “Image Experts Support Smithfield on Paula Deen”Dan Howard, professor of marketing, weighed in on the marketing ramifications of racism charges against celebrity chef Paula Deen. Smithfield Foods, based in Norfolk, VA, was among several companies that severed its relationship with Deen after the allegations surfaced. “The truth about whether or not she has racist feelings really doesn’t matter. What matters is the perception. With someone with a negative aura around their head, do I want them associated with my brand name? The answer is no.” (6/30/13)

U.S. News & World Report“Are Women Lousy Salary Negotiators?”Robin Pinkley, professor of management and organizations, talked about why it is important for both young women and men entering the job market to enhance their negotiating skills. “If you don’t negotiate for more money, and someone else gets your position and 7 percent more money, that can translate into hundreds of thousands of dollars over a lifetime — and out of the mouths of your future children. You also are almost never negotiating on behalf of just you but your peers. If you make more, they’ll benefit, too.” (7/2/13)

NBCNBC Nightly News“Higher Prices for Fruit, Veggies Ahead as Heavy Rains Cripple Crops”Bernard Weinstein, business economist and associate director of the Maguire Energy Institute, commented on the economic impact of the unusually heavy rainfall across southeastern states this summer, which is expected to continue through the fall. Combined with a continued drought in western states, Weinstein predicted the agricultural toll has the potential to translate into higher consumer food prices. “I would expect to see average prices for fruits and veggies maybe 10 percent higher this fall than they were in the spring or where they are right now, just because there’s going to be less supply available.” (7/30/13)

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I N T H E N E W S

Many Americans are finding it tougher to get to the

middle class and stay there, and most of us really don’t

quite know why or what to do about it. W. Michael Cox,

director of SMU Cox’s O’Neil Center for Global Markets

and Freedom, and Richard Alm, the center’s writer-in-

residence, provide some answers in the O’Neil Center’s

annual report essay.

Start with the first issue: why it’s getting tougher to get

to the middle class and stay there. According to Cox and

Alm, America’s first middle class grew out of the Industrial

Age and its reliance on physical capital — the machinery

and equipment that made workers more productive and

raised wages. Industrialists supplied the physical capital;

the jobs that went with it typically required physical

strength and manual dexterity. Workers learned most of

what they needed on the job, not in the classroom.

That world doesn’t exist anymore, say Cox and Alm.

Over the past four or five decades, expanding trade,

advancing technology and shifting consumer preferences

have transformed the economy and the nature of work.

Today, physical capital doesn’t support nearly as many

well-paying jobs producing goods.

Americans sought a new path to the middle class — and

many have found it in knowledge-related occupations.

Earning a middle class income now depends on intellectual

capital, a short-hand term for what workers know that

makes them more productive. Industrialists don’t provide

intellectual capital. Workers build it themselves by investing

time and effort in learning, usually by going to school.

Earning a middle-class income has become more a matter

of brains than brawn. However, U.S. public schools are

failing to prepare many workers for today’s knowledge-

based jobs. Among 15-year-old students in 34 Organization

for Economic Cooperation and Development countries, tests

measuring 2009 student performance rank Americans 25th

in reading, 17th in math and 14th in science.

Cox and Alm turn next to the second question of

middle-class malaise: what to do about it. Their focus on

the economy’s transformation suggests that rebuilding

America’s middle class will require better schools — from

kindergarten through high school.

Cox and Alm contend it’s not a matter of money. They

prove it by looking at state-by-state spending per student,

adjusted for differences in cost of living and demographic

composition. With these data, the often-touted link between

higher school spending and higher student achievement

disappears — spending is no longer statistically significant.

The analysis finds a solid link between demographically

corrected test scores and higher incomes and better

educated parents.

The middle class will struggle until America fixes its

schools, Cox and Alm contend, but nothing will happen

as long as bureaucrats decide how America educates its

students. Government institutions typically reduce choice,

wallow in red tape, resist change and protect entrenched

interests. Cox and Alm offer an alternative: an educational

system built on choice and competition, two key principles

of free enterprise. Privatize education and run schools as

businesses. Give parents and students choice in education,

and make schools compete for students.

“It’s time to harness the tried and true forces of

capitalism — most important, choice and competition.

Capitalism in the classroom will create proper incentives,

spur innovation and drive entrepreneurial activity,”

Cox and Alm write. “The same system that forged the

physical capital to build America’s first middle class can

mold the intellectual capital to construct a middle class

for the knowledge-intensive economy.”

Editor’s note: In September, the O’Neil Center explored

the essay’s themes further at its fifth annual conference,

Entrepreneurship in Education: The Key to Rebuilding

America’s Middle Class. Both the full report and conference

videos are available at oneilcenter.org. n

Rebuilding America’s Middle ClassProsperity Requires Capitalism in the Classroom

O’NEIL CENTER REPORT

22

COX FACULTY RESEARCH

any music listeners, especially

those from younger generations,

perceive themselves as listening to new,

cutting-edge music. Not so, according

to new research by SMU Cox Marketing

Professor Morgan Ward and co-authors

Joseph Goodman of Washington University

and Julie Irwin of University of Texas.

The research paper “The Same Old Song: The

Power of Familiarity in Music Choice,” currently

under review, indicates that familiarity trumps

novelty. Ward explains, “In life we have many

day-to-day decisions and responsibilities. We

are sorting through so much information,

and at the end of the day, we are ‘cognitive

misers.’ Choosing something familiar is easy

to process and comfortable. The desire to not

expend so much energy on choices is what I

believe drives these findings.”

Familiarity is a stronger predictor of

music choice than other prevalent measures

such as “liking” and satiation, according

to this research, the first to quantify the

effect of familiarity versus other forces

(including “liking”) on consumer choice and

to determine the power of these variables

on actual market behavior.

Also factored into the study is the

listener’s stimulation level and cognitive

load. The authors prove that when people

are engaged in activities requiring more

stimulation, they prefer more familiar music.

The findings indicate that familiarity

is a major driver of actual music choice

and market share. ”People were under

the impression that radio was no longer

relevant,” says Ward. “Radio is very relevant.

We now have new forms of music on

popular websites like Pandora and Spotify,

and these brands are already maximizing

insights such as ours.”

Ward and her fellow researchers note

that music outlets with playlists would do

well to concentrate on familiar songs, even

if consumers say they want more novelty.

When a new song is introduced, the authors

suggest it should be played often and be

offered to consumers through promotions.

For music platforms allowing users to

create a playlist, such as iTunes, marketers

should heavily promote familiar music

and make it easy to find for purchase,

rather than emphasizing unfamiliar music.

The researchers predict sucess for apps

like Spotify and Pandora, which offer

newly released music along with familiar

artists, styles and melodies.

Familiarity Breeds Content Morgan Ward, Assistant Professor of Marketing

M

egulators are grappling with serious

questions about liquidity in the

market, especially during times of stress like

the Flash Crash of 2010. High-frequency

traders (HFTs), also known as proprietary

(“prop”) traders, withdrew from the market

in droves, and the market dropped about 10

percent in a matter of minutes.

Stock markets can be volatile, and some

traders may do more harm than good in

times of market stress. “Should Exchanges

Impose Market Maker Obligations?” That’s

the question posed by SMU Cox Finance

Professor Kumar Venkataraman and co-

author Amber Anand of Syracuse University.

Their research pushes the debate about high-

frequency traders’ impact on market stability

and the value of the “specialist” market

maker.

Venkataraman suggests, “Mini-crashes

are observed in markets around the world.

But what causes them? If [a market decline

is] based on fundamental news, that’s okay.

But if it is driven by vanishing liquidity,

then it poses a problem and hurts investor

confidence. Market declines that are followed

by almost complete price reversals similar to

the 2010 Flash Crash reveal serious flaws in

market structure that need to be addressed.”

The authors document that high-frequency

traders do a decent job of trading in large,

liquid stocks, but not in small, illiquid

stocks. The study concludes that a specialist

is not only an incremental liquidity provider,

but also the only reliable counterparty

available for investors in smaller cap stocks.

The research compares and contrasts the

specialist market makers who have exchange-

assigned trading obligations with other

liquidity providers who do not. It identifies

market conditions when one group is

active and the other inactive. Ultimately,

the authors shed light on the true value

of a market structure with market maker

obligations. Venkataraman remarks, “If you

impose obligations on specialists to trade at

unprofitable times or in less profitable stocks

(because the HFTs will compete with them

when it is profitable), we need to figure out

how specialists should be compensated for

the liquidity services they provide.”

Venkataraman presented his research

findings to the Securities and Exchange

Commission on April 25 and the Commodities

Futures Trading Commission on April 26.

COX FACULTY RESEARCH

Vanishing Liquidity Hurts Investor Confidence Kumar Venkataraman, Finance Department Chair and Fabacher Endowed Professor of Alternative Asset Management

R

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cox.smu.edugo to

FA C U LT Y R E S E A R C H

orporate America is awash in record levels of cash. Theories

abound as to why: firms themselves are riskier, volatile,

pessimistic, have record profits and so on. One overlooked reason,

according to SMU Cox Finance Professor William Maxwell, is

that firms are holding more cash on their balance sheets because

of refinancing risk. In “Refinancing Risk and Cash Holdings,”

forthcoming in the Journal of Finance, Maxwell and co-authors

Jarrad Harford of University of Washington and Sandy Klasa of

University of Arizona show that firms are changing their policies

on cash to manage this risk.

U.S. firms’ long-term debt maturities have shortened. Firms

need to roll over their debt sooner than in the past, which presents

the risk that they cannot access capital markets to finance their

activities. Numerous firms experienced that phenomenon post-

financial crisis.

Today bank loans and notes have shorter maturities, which

offer more potential for refinancing risk. To manage, firms are

stashing cash. “If a firm gets caught in a bad cycle or shock,

it is not the face amounts or percentage of debt they have

outstanding that matters; it is a function of when the repayment

is coming due,” explains Maxwell.

According to the research, the market rewards the firm holding

ample cash with shorter maturity debt through higher valuation,

particularly when credit markets are tight. The firm that invests

wisely also gets market approval. Firms have to hold cash for the

right reasons, though. According to Standard & Poor’s Capital IQ,

202 firms of the S&P 500-stock index have $1 billion or more in

cash. There are record levels of firms in this billionaires’ club and

record amounts amassed compared to previous decades. “We

all think differently than we did before the financial crisis,” says

Maxwell. “Everyone is putting more cash away.”

Given that firms are more flush these days, how and when

should they spend it? According to Maxwell, “Cash should be

used as a hedge on a rainy day. Liquidity helps pay the bills

and allows firms to take advantage of opportunities. If some

calamity hits — and in general they do every 5-7 years — the

firm can weather the headwinds.”

Maxwell describes current credit conditions as looser than ever

before. “If you can raise money now, do it,” he concludes. “It is

ridiculously cheap money. The QE (quantitative easing) programs

are like a huge binge, with firms drinking shot after shot of cheap

money. And it’s not like a glass of wine with dinner; these are

tequila shots.” It may feel great when you are doing it, he warns,

but tomorrow always comes. n

Corporate America’s Cash Pile-Up a Reaction to Refinancing Risk

William Maxwell, Rauscher Chair in Financial Investment

C

he car is increasingly regarded as a

technology platform just like Google

and Facebook. SMU Cox Information

Technology Professor Ulrike Schultze notes,

“Digital innovation is not just a matter of

developing a layered product architecture

in terms of protocols and application

programming interfaces (APIs), but it is also

a matter of the organizational infrastructure

evolving to match the material one.”

New research by Schultze and Ph.D.

student Lena Hylving at Viktoria Swedish ICT

in Gothenburg, Sweden, offers insight into

some of the challenges faced and overcome

by an auto industry innovator searching

for a competitive advantage. Their research

paper, “Increasing Digitalization in Product

Innovation: Material and Organizational

Implications,” focuses on the evolution of

the instrument cluster in the car’s dashboard,

also referred to as the Human-Machine

Interface, or HMI. The HMI is the connection

point between car and driver.

Why focus on the HMI? According to

Schultze, “This is how you as a consumer

know the product has changed. HMI is

the face of the product; it is where digital

innovation becomes manifest. It’s how

you become aware you have additional

functionality available to you. By implication,

the HMI is key to communicating digital

innovations. It encompasses material

components such as touch screens or volume

buttons, as well as the information content

that it displays.”

The authors compared three different

HMI projects over roughly a 10-year period.

Each project represented an increase in

digitalization. The research traced the

implications of digital innovation on the

architecture of the firm’s products, as well as

on the firm’s organizational infrastructure.

Each iteration of the CarCorp HMI

produced clearly defined boundaries

between the layers of the product’s stack.

The research determined that changes in

the product’s material architecture need

to be accompanied by changes in the

organization’s infrastructure.

Sometimes an organization leads change,

but says Schultze, “the material changes or

the technology desired by consumers drove

the organizational change in this case.”

This research paper will be submitted to the

International Conference on Information

Systems held in Milan, Italy, in December.

Digital Innovation Shakes Up Auto Industry

Ulrike Schultze, Associate Professor of Information Technology and Operations Management

T

24

CARL SEWELL: A DRIVING FORCE AT SMUSEWELL LEADS THE WAY IN BUILDINGA BRIGHTER FUTURE FOR SMU COXBy Pamela Gwyn Kripke

24

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cox.smu.edugo to

One conversation still resonates

with Carl Sewell (BBA ’66). “What will

your legacy be?” his mentor Stanley

Marcus asked him. At a young age,

Sewell hit upon an answer, launching a

tradition of generosity and leadership

that has propelled SMU’s academic

standing head first into the future.

Sewell, a Cox graduate and CEO of

the 102-year-old Sewell Automotive

Companies, is passionate about

education, and about SMU’s ascent into

the intellectual ethers. A revered donor

on campus and beyond, Sewell connects

the university’s stature to the larger

mission of supporting Dallas as a place

for innovation and brainpower.

“SMU is an importer of IQ points.

It brings people here from all over the

world, and they tend to stay here,” he

said. “The more intellectual capital we

can bring to Dallas, the stronger our

city will be.”

To that end, Sewell and his wife Peggy

(’72) have focused their philanthropy on

supporting exceptional students who

might not have been able to matriculate

without assistance. The Carl and Peggy

Sewell Endowed President’s Scholarship

Fund, the Sewell Scholarship Provost

Fund and the Cox BBA Scholars Program

— the couple’s major areas of giving —

all bring exceptional students to the

university and, in the process, help shape

its future academic landscape. They were

also first to fund similar scholarships at

Meadows, Lyle and Dedman.

The Cox BBA Scholars program, for

instance, has been a highly successful

program that has attracted students

who might have enrolled elsewhere.

When Cox Dean Al Niemi conceived the

idea, the intention was to entice those

top students who wouldn’t have been

able to attend Cox without scholarships.

“Al has been a wonderful friend and

a teacher for me in so many ways,

helping me understand how universities

work, how I could be of most help,”

said Sewell. “Al felt that BBA Scholars

would work, and it has.” So well, in

fact, that the program was translated

to Dedman College and the Lyle and

Meadows schools.

“I may have had the vision, but Carl

came to the table with contagious

enthusiasm and support for the

program. He knew that the BBA Scholars

program would be critical to broadening

SMU Cox’s geographic reach and

appeal,” said Dean Niemi. “These are

special students selected via an extensive

evaluation process that considers a

student’s GPA and AP coursework in

addition to SAT scores, which incidentally

have climbed from 1309 to 1439 since

the program’s inception.”

Today, Cox is one of the five most

selective undergraduate business

programs in the country, according to

Dean Niemi. Further, Sewell’s passion

has been inspirational to others. Upon

the program’s kick-off, Edwin L. Cox,

Sr. (‘42), the school’s namesake, issued

C O V E R S T O RY

continued on next page

“The more intellectual

capital we can bring

to Dallas, the stronger

our city will be.”

26

a jaw-dropping financial challenge

to the other Cox supporters: if they

raised $5 million, he would match that

amount for a significant $10 million

endowment. True to form, generous

donors worked together to not only

match Cox’s challenge, but also to

surpass their original goals. Hence, the

BBA Scholars program has been one of

the most successful initiatives in SMU’s

Second Century Campaign.

“The business school deserves a lot

of credit for the rapid improvement in

student growth at SMU,” said Sewell.

“While things like athletics are fun,

this is ultimately about building a great

university for Dallas. The city needs to

have a preeminent university, and SMU

needs to lead that charge.”

For Sewell, who has been on the

SMU Board of Trustees for 17 years

and served as its chair from 2006 to

2010, creating beneficial change at the

institution that nurtured him and his

family is also a mission of gratitude.

Not only did SMU “import Peggy to

Dallas,” something for which Sewell

says he is most thankful, the school

provided ample education for his family.

Other Sewell family degree recipients

include his sister, Susan Sewell Ferguson

(’68); son J. Carl Sewell, III (MSM ’07);

daughter Jacquelin Sewell Taylor (MSM

’07); and her husband, Phillip Taylor

(MBA ’11). So it is with family pride

and commitment that Sewell serves on

the Cox School’s Executive Board and

Campaign Steering Committee, as well

as SMU’s Second Century Centennial

Celebration Organizing Committee and

Capital Campaign, which he co-chairs.

Sewell’s philosophy of giving,

particularly to efforts that further

education, is a foundation of his

family business, which is a national

leader in the automotive industry.

He provides training and education

for all associates he employs and will

even fund undergraduate work at

the university level if someone

has not completed a degree. The

company offers several professional

The Sewell familyPhoto: The Dallas Morning News

Peggy Higgins Sewell

(’72) is a 2013 SMU

Distinguished Alumni

Award recipient, honored

during Homecoming

weekend in October.

continued from previous page

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cox.smu.edugo to

Sewell learned early about investment — both in employees as well as customers — from his father, Carl Sewell, Sr., who ran the company for decades before he did. “Dad took care of the soldiers from World War II after they came home,” said Sewell. “Not long ago, I received a letter from one of these men, written in shaky handwriting, thanking me for what my dad had done.”

When he assumed the role of CEO after his father passed away in 1972, Sewell made customer service a hallmark of his business. So dedicated he was to the notion of being “obsessed with customer service,” (the company’s motto) that he wrote a book about it, Customers For Life, (Doubleday, 1990) which sold more than one million copies in 17 languages. “At the time, I thought that if we could sell 30,000 copies to all the car companies, we’d have a home run,” said Sewell, adding that even Doubleday was surprised with the book’s success. An examination of the elements of the buyer-seller relationship — trust, reliability, innovation, conviction and personal involvement — the book is a staple on the reading lists of many business schools.

C O V E R S T O RY

Carl Sewell, Edwin L. Cox, Sr., Albert Niemi

development classes, from Dale

Carnegie courses to workshops

in etiquette and real-world skills.

Managers, who are required to

complete 40 hours of professional

development training in their specialty

each year, routinely attend executive

education programs at Harvard University,

the University of Virginia and SMU.

“Why would a company in this

day and age, knowing that very few

employees will stay their whole lives,

give money for classes?” asked Chip

Besio, who was Sewell Automotive’s

director of marketing for 19 years and

is currently director of the Center for

Marketing and Management Studies

at SMU Cox. When Besio began at the

company in 1992, he had been teaching

at Cox for eight years. Unlike other

employers who might have required that

Besio give up his faculty position, Sewell

worked out a way for him to continue.

“Carl is passionate about continued

learning. Because of him, it is endemic

to the organization. He is very successful

at building the business and encourages

people to work hard, be innovative and

find ways to improve whatever their

roles are in the organization. He is very

supportive and loyal.”

With his exceptional warmth and

concern for others, it is not surprising

that Sewell forged many long-standing

friendships at SMU that remain today.

In fact, several of his school buddies

serve with him on the Board of

Trustees, including Jerry Ford, Jimmy

Gibbs, Paul Loyd, Richard Ware, Gary

Crum, Ray Hunt and Mike Boone.

“We were all at school together, and

we have all contributed in our own

ways, ways that have helped build the

university,” said Sewell, adding that

having the same president for 18 years

and the same dean for 16 has had a

huge impact on progress. “I haven’t

inspired anyone. This is a special

collection of people who have been

devoted to the school for a long time.

It allows the mission to be very clear

for all of us. And, it’s also fun when we

get together. If anybody gets too far

out of line, we’ve got a story to bring

him back.”

“More than anybody, Carl is

passionate about improving the quality

of SMU’s undergraduate programs,”

said Dean Niemi. “He has led the

charge and inspired others to follow.

We would not be the national treasure

we are today without his leadership.” n

2830

AGENTS

28

SMU COX STUDENTS AND GRADUATES ARE MAKING A DIFFERENCE IN THE WORLD. Students and graduates of SMU Cox are

putting their education to work in many

ways — and that means using it to improve the world they live in. Whether it’s in

their backyard or around the globe, they are inventing innovative ways to improve

education, effect change for social good and make a lasting impact. Here’s a look at

just a few ways SMU Cox students and alumni are working within existing organizations

(or creating their own) to make the world a better place.

By Paula Felps

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29

F E AT U R E S T O RY

of Change

Millennials MissionAs chief of external affairs for the

Dallas Children’s Advocacy Center

(DCAC), Ellen Magnis knew they

needed to do a better job of reaching

millennials with their message, but

they didn’t know how. As advocates

for severely abused children in Dallas,

the DCAC wanted to find a way to

bring more attention to its difficult

mission during Child Abuse Awareness

Month in April.

“One of our board members told us

they knew someone who might be able

to work with us on this project,” Magnis

says. “So we reached out to SMU Cox,

and it was a wonderful experience.”

Turning to the Cox Business Leadership

Center Nonprofit Consulting Program,

the DCAC became one of four local

nonprofit organizations that benefited

from the skills and insight of 35 Full-

Time and Professional MBA students

earlier this year. The program, which

lasts between six and ten weeks,

matches students’ abilities and

professional backgrounds with the

needs of local nonprofits to provide

valuable services that would otherwise

cost the organizations thousands of

dollars. Dallas partners for 2012-13

also included the Texas Scottish Rite

Hospital for Children, Volunteers of

America and Kitchen Dog Theater.

“They gave us a fantastic overview

of who millennials are, what’s most

important to them and what strategy

we should use to reach them,” Magnis

says. “We immediately implemented

many of their recommendations,

particularly those using social media,

and will eventually implement about 98

percent of what they recommended.”

The Nonprofit Consulting Program is

one of the many ways that SMU Cox

students and graduates are putting

their educations to work to change

their world for the better.

continued next page

29

30

“The program provides a great

opportunity to exercise some of the

soft skills you need in the business

world, and it teaches you how to be

a better business leader,” explains

Krysten Howey (MBA ’14). As part of

a five-person team, Howey worked

on the marketing aspects of the

DCAC project and says everyone on

the team was passionate about the

cause — and about getting results.

“Many times you feel like you have

to choose between making money

in the corporate world and changing

the world,” she says. “This shows

that you can do both. You don’t

have to convince your company to

change the world, but each person

can take what they’ve learned at a

company and use it to help someone

else. It’s about giving your time to

something you care about.”

Spare ChangeThe SMU Cox School of Business

has a strong history of developing

leaders who create positive change.

Alexandra Almaguer (MBA ’13) saw an

opportunity to strengthen the campus

organization Cox for Community

by expanding it into a Net Impact

chapter. Net Impact is an organization

designed for students and business

professionals who want to use their

business skills to support various social

and environmental causes. Almaguer

and two fellow MBA students, Chris

Cunningham and Alisa Livingstone,

launched the Cox MBA Net Impact

chapter last fall with 50 members,

thereby joining a nonprofit community

of 40,000 student and professional

leaders in 300 chapters worldwide.

“All of the nation’s leading MBA

programs have a Net Impact chapter,

so we knew this would make Cox

more competitive,” Almaguer says.

In February, they hosted an awareness

week of community outreach that

included building homes with Habitat

AGENTS of Changecontinued from previous page

Cox MBA Net Impact members build a home with Habitat for Humanity.

USING BUSINESS SKILLS TO SUPPORT SOCIAL AND ENVIRONMENTAL CAUSES

for Humanity, holding a bake sale that

netted more than $1,000 for a West

Dallas learning center and organizing

a lunch to promote sustainability.

Members also held a drawing for prizes

ranging from SMU-branded items to a

special “Breakfast with the Dean” event

to further educate their fellow students

about making a positive impact

through volunteerism, conservation

and environmental awareness.

“SMU Cox is a school that is well

positioned to give back to the

community,” Almaguer points out.

“And this generation is very likely to

do that. Today’s students are looking

for socially responsible, sustainable

companies with a strong emphasis on

corporate social responsibility. That’s

something that is just as important

these days as the company’s brand.

It’s important for us to be able to give

back.”

The Cox MBA Nonprofit Consulting team tours the new DCAC facility, including the new Clothes Closet that supplies victims with clothes and toiletries.

31

cox.smu.edugo to

One-to-One GivingThat need to give back is what

prompted four Cox undergrads — Asad

Berani (BBA ‘14), Shameel Thawerbhoy

(BBA ‘13), Jaison Thomas (BBA ‘14) and

Arvind Venkataraman (BBA ‘16) — to

start their own business. Apollo Tutors

was launched in February to provide after-

school tutoring to college and private-

school students. But, like the business

model utilized by TOMS Shoes, the service

gives away one hour of tutoring to an at-

risk child for every paid tutoring session.

“We were sitting around one night

talking about how we would give

back to the community if we were all

billionaires,” says Venkataraman. “All

of us agreed it would have to be

something to do with education, and

Jaison came up with the idea of starting

a tutoring company that gives back.”

Working with students in East Dallas,

Apollo Tutors donated more than 235

one-on-one tutoring hours in its first

five months and hopes to reach 1,000

Giving for GoodBeing different while making a

difference has also been a successful

model for Props Social Ventures, an

organization launched by William

“Timm” Wooten (BBA ’15) and

accepted into the SMU Engaged

Learning program. Engaged Learning

encourages creative, civic-minded

projects targeting the specific needs

of a population or community.

Wooten’s venture led to the creation

of a microfinancing program to

provide loans to small entrepreneurs.

Props Social Ventures works with

CitySquare, a Dallas nonprofit that

fights the root causes of poverty, to

identify possible recipients and award

loans ranging from $100 to $1,000.

“We’ve seen brilliant ideas from

people who just didn’t have access to

the education they needed to reach

their career goals,” Wooten says.

“It’s not a lack of determination;

it’s a lack of resources.”

Props Social Ventures functioned

for one year as a student club and

has been an LLC for about a year.

During that time, it has given out

about 20 loans. One recipient turned

her loan into a full-time business

making healthy, tasty alternatives

to candy; she was able to quit her

three jobs and now has a thriving

enterprise. Props Social Ventures has

received tremendous community

support, something that Wooten says

underscores just how philanthropic

the Dallas community is. And it has

given him a new appreciation for

what he is learning every day.

“Sometimes school feels like a grind

because you don’t see what you’re

learning or what talents you are

cultivating,” he says. “Being able to do

something like this and see what those

skills are doing makes a big difference.

When I see the impact of what I’m

doing, it’s very grounding to me. It’s so

much more satisfying than knowing

I’m just working toward a degree.”

F E AT U R E S T O RY

Many times you feel

like you have to choose

between making money

in the corporate world and

changing the world. This

shows you can do both.

‘‘

‘‘

hours by its one-year anniversary in

February 2014.

“One thing we are looking at is

providing the Dallas Independent

School District with SAT tutoring,” says

Venkataraman. “More than 60 percent

of high school students don’t receive

an adequate education, and it’s

alarming to think this is happening in

our own backyard. All four of us are

from the Dallas area, and we want to

do something to change that here.”

Doing good for others has also helped

the company do well, as clients like

knowing that they are helping another

child get an education each time they

buy a tutoring session. “That’s turned

out to be our greatest marketing tool. It

differentiates us from everyone else out

there,” says Venkataraman.

Whether they are launching a

nonprofit organization, working for

change within a company or creating

a better world through volunteer

efforts and personal donations,

students who graduate from SMU

Cox often do so with a sincere

determination to make a difference

in the world.

“We are a generation that cares

a lot,” explains Almaguer. “It is

important for us to take care of

the world around us.” n

Shameel Thawerbhoy, Arvind Venkataraman, Jaison Thomas and Asad Berani

32

“Life is short. I like to experience as much as I can,” said SMU Cox alum Marshall Hays (MBA ’98) of his career change following grad school. Unlike past generations, today’s professionals don’t aspire to have lifelong tenures at one company that might reward their loyalty with executive pensions and endless benefits upon retirement. These days, without those perks of yesteryear, people change jobs fairly often — almost every five years. Even today’s younger baby boomers (born 1957-1964) averaged 11 different jobs before they were 46 years old, according to the U.S. Bureau of Labor Statistics (BLS). Fortunately, the dearth of “golden handcuffs” has an upside. Many ambitious professionals capitalize upon this freedom to move from company to company, even industry to industry, without penalty. As long as they’re properly prepared, career switchers can enjoy a lucrative and dynamic professional life. Thus, it’s no surprise that MBA graduates are leveraging the recent employment trends to make career changes at an increasing rate. In fact, according to the Graduate Management Admission Council (GMAC), 64 percent of MBAs who graduated in 2012 entered a new industry, up from 55 percent in 2011. And, as employers increase their hiring rates, they are less rigid in their quest for “perfect fits”— those prospects who already have industry experience — and are instead opening doors to business school graduates who have specialized in an area of expertise but may not necessarily have hands-on experience. Enrolling in a top-ranked MBA program can be an excellent facilitator in a career change. Even better, some schools like SMU Cox’s Full-Time MBA

DoorS ArE opENiNG To MBA GrADS

LookiNG for A CArEEr

ChANGE

32

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cox.smu.edugo to

C A R E E R C H A N G E

and Professional MBA (PMBA) programs offer students the option to specialize in various industries such as marketing, finance, accounting, real estate, strategy and entrepreneurship. As a result, students may either enhance their current area of expertise or perhaps explore and move into a completely new industry. “I went to business school because I wanted to switch careers but was not entirely sure what I wanted to do next,” said Vik Thapar (MBA ‘09). Thapar worked at a software consulting firm but knew he wanted something more exciting and lucrative. “I became interested in the investment and entrepreneur community through my classes and the backgrounds of my professors and visiting speakers.” Accordingly, Thapar concentrated his PMBA studies in entrepreneurship and strategy and immersed himself in SMU’s investment community via the Venture Capital Practicum and by volunteering at the Southwest Venture Forum, where he connected with many SMU Cox alumni. His persistence and focus paid off. Today, Thapar is a venture partner at Cypress Growth Capital. “I could not be in a better position, and we are actively investing in technology companies!” Nate Ruby (MBA ‘07) spent years pursuing his bachelor’s and master’s degrees in biochemistry and biology with the intention of becoming a professor. Midway through his pursuit, Ruby decided his desire to help people develop and build productive teams aligned more closely with the business world than academia. So he went back to school. Again. Only this time, Ruby pursued an MBA at SMU Cox with concentrations in information technology and operations management (ITOM) and marketing. With help from the SMU Cox Career Management Center, he got a job with TXU Energy in the financial planning group. He dove into his new company with the same dedication he applied in his academic career and was promoted three times in his first five years. “As

head of residential pricing, I use the financial modeling skills from my ITOM concentration, knowledge of selling techniques and consumer behavior from my marketing concentration and leadership skills honed through the BLC on a daily basis.” Like others, Marshall Hays, the aforementioned MBA student who knew life was too short not to embrace change, was inspired by his experience at Cox to stop working for others and branch out on his own. “Jerry White exposed us to so many different industries and entrepreneurs that I knew I had to be my own boss,” said Hays. After starting an Internet content site as well as a television production company, Hays now runs his own “mini-empire” of Lucky Ducky Car Wash & Lube Centers, as well as a Lucky Ducky Dogs gourmet food truck.

If you are considering a career change via grad school, be sure to heed the advice of Hays and other graduates: attend every student function and get to know everyone in your class. Others stressed that students should take full advantage of the Cox mentorship programs, the Career Management Center and the Business Leadership Center. These resources arm students with critical networking and soft skillsto augment their studies. The formidablecombination of a top-ranked MBAprogram, a specialized area of concentration and strong networking skills instills confidence in new grads so they can follow their dreams — even if they started their careers in a completely different industry. Dana Centola (MBA ‘11), who deftly switched from publishing to technology after graduation, surmised,“The education at Cox allowed me to more easily transition between industries by filling the gaps in my business knowledge. It opened doors that wouldn’t have even been in the same hallway I was in previously.” n

I went to business school

because I wanted to switch

careers but was not entirely sure

what I wanted to do next.

‘‘ ‘‘

Want to Switch Careers? An MBA from SMU Cox Can Help.SMU Cox Full-Time MBA and Professional MBA (PMBA) programs both offer the option to concentrate your studies in a specific area of interest. Specializations include:• Accounting• Business Analytics• Finance (corporate, energy or investment)• Financial Consulting • General Business• Information and Operations • Management• Marketing• Real Estate• Strategy and Entrepreneurship

Fortunately, today’s students have options for how to make their career-switch dream a reality. The SMU Cox PMBA program enables students to obtain their MBA without having to leave their current job by scheduling classes conveniently on nights and weekends. Students who want to go back to school full-time but are concerned about living without a salary for two years should consider this: Forbes ranks the Cox MBA #25 in the U.S. for ROI with a break-even of 3.4 years. In other words, students who forgo salaries for two years typically make up wages and tuition in only 3.4 years. Either way, don’t delay pursuing your dream career. It’s never too late to change!

Go to coxgrad.com to learn more.

34

COX DEVELOPMENT

Bill Ware in 1971

Patrick Ware (’01, MBA ’07), Ed Cox, Jr., William Ware (’01), Edwin L. Cox, Sr. (’42), Tol Ware

SMU’S FIRST ENDOWED CENTENNIAL SCHOLARSHIP

The Bill Ware Memorial Endowed Centennial BBA Scholarship

When Bill Ware (BBA ’70) passed

away in the spring of 2012, his

family, friends and colleagues wanted

to create a lasting memorial to his

life in a way that would positively

impact many generations to come.

Besides his successful banking career,

Bill Ware was generous in his civic

and philanthropic involvement in

both his hometown of Amarillo and

his home state of Texas. The Ware

family has a strong history with SMU:

Bill’s brother Richard Ware (BBA ’68)

has held several leadership positions

at the university, including 27 years

of service on the SMU Board of

Trustees, and many of both brothers’

children are SMU alumni.

Bill Ware attended SMU on a

tennis scholarship and was a member

of the Sigma Alpha Epsilon fraternity.

The Wares ran the family-owned

Amarillo National Bank. In 1999, they

were named Texas Bankers of the

Century by Texas Monthly magazine.

As an alumnus of SMU, Bill Ware was

an active supporter of SMU Athletics

and was a member of the Mustang

Club Board of Directors.

To honor Bill Ware’s philanthropic

service and to commemorate his

alma mater, efforts led by Ed Cox, Jr.

were soon underway to create an

endowed BBA scholarship in Bill’s

name. Cox, a long-time friend and

business colleague of Bill Ware’s,

believes that this scholarship is a

great way to honor the relationship

they shared over the years. Cox and

his son Brad made the initial large

donation to the scholarship, and

the Ware Foundation matched it.

Additional donations came from

friends and business associates (each

usually with a fun story and a smile).

Not only did Richard Ware and

Cox reach their goal, but they

were able to name the first SMU

Endowed Centennial Scholarship

in memory of Bill Ware. During

the commemorative period of the

centennial of SMU’s founding and

opening, the Board of Trustees

created opportunities to establish

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cox.smu.edugo to

D E V E L O P M E N T

special centennial endowments,

which include operational funding for

immediate needs while the long-term

funds mature. Due to the operational

component of the scholarship, this

merit-based scholarship has been

awarded to two high-achieving BBA

Scholars this fall.

Richard Ware is very pleased with

this tribute to his brother. “The Bill

Ware Scholarship is a great way to

honor Bill by providing financial

assistance to undergraduate

BBA students who have dynamic

personalities and possibly some

connection to athletics. Bill always felt

that personality and sports rounded

out an individual and that both were

critical for success in later life.”

Bill Ware and Ed Cox, Jr.

The Bill Ware Memorial BBA Scholarship Recipients

Ryan ReeseFrom: Albuquerque, NMActivities: Varsity Lacrosse, Varsity Track, Eagle ScoutIntended Majors: Finance (Alternative Asset Management) and Math

“I did a lot of research to find a business school with outstanding faculty and a strong alumni network. I knew SMU Cox was the right place for me. Receiving this scholarship is special to me, and I appreciate the confidence the school has in me. I will work hard over the next four years to make both the Cox School and the Ware family proud.”

Alex AtwoodFrom: Lexington, KYActivities: Varsity Tennis, Club Lacrosse, Coaching, MentoringIntended Majors: Finance and Accounting, or Finance and Economics

“I’m impressed with how distinguished alumni are so in touch with Cox students; it speaks volumes about the community at SMU. Receiving this scholarship is a great honor and a large factor in my decision to attend SMU. It will certainly drive me to reach my full potential at SMU Cox.”

“Bill always felt that

personality and sports

rounded out an individual

and that both were critical

for success in later life.”

36

C O X D E V E L O P M E N T

Many Cox students forge friendships

while at SMU that later grow into

strong, lifelong relationships. Such

is the case between Tucker Bridwell

(BBA ’73, MBA ’74) and David Miller

(BBA ’72, MBA ’73). Both Bridwell and

Miller received their undergraduate and

graduate degrees from SMU Cox and

remain committed to the Cox School

of Business through their service on the

Cox Executive Board and the Second

Century Campaign Steering Committee

for the Cox School.

Bridwell is president of Abilene-based

Mansefeldt Investment Corporation, a

privately owned investment company,

and the Dian Graves Owen Foundation,

a private charitable foundation. He has

been in the energy business in various

capacities for more than 25 years.

Bridwell credits much of his success to

his alma mater SMU, the Cox School

of Business and the relationships he

made there as a student. “Certainly I

went to SMU and the Cox School to

get an excellent education, yet, equally

important are the lifelong friendships

I made while there.”

Miller is a co-founder and managing

partner of EnCap Investments L.P., a

private equity firm based in Houston and

Dallas. Several years ago, Bridwell turned

to his old friend for advice on an oil

and gas investment; Miller and EnCap’s

contribution produced a successful

outcome. Since then, the two have been

partners in several successful ventures.

In gratitude for Miller’s positive

influence, and in honor of their shared

commitment to SMU, Bridwell is

recognizing his friend and colleague

through a gift to their alma mater.

Bridwell’s dual-designated gift will

honor Miller’s two strong interests

at SMU: SMU Athletics and the Cox

School of Business. At Cox, Bridwell

and his wife, Gina, bestowed a $1.5

million merit-based scholarship for

MBA students — the largest single

gift to support MBA scholarships in

this campaign. The Bridwells, the Dian

Graves Owen Foundation and Tejon

Exploration have also committed $2.5

million to name the Champions Club

for Miller in the newly renovated

Moody Coliseum, set to open in 2014.

“David and I met at SMU more than

40 years ago,” reminisces Bridwell.

“About 15 years ago we rekindled our

relationship through a business deal.

Today, David is one of my closest friends.

David and his firm, EnCap, have been

the most important business relationship

we’ve had. Gina and I, and the entities

we represent, are pleased to help give

others an opportunity to reap the

benefits of an SMU Cox MBA.”

Miller is humbled by the Bridwell

tribute to SMU on his behalf. “Tucker and

I have been friends since our early days

at SMU, and that has evolved into a very

special relationship both on a professional

level and between our families,” says

Miller. “We often talk about how our

SMU experience played a huge role in

shaping our lives, and we share an

equally strong feeling that we need to

give something back to the university.

Needless to say, I was deeply touched

when I learned that the Bridwells were

making two such meaningful gifts in

my honor.”

The Bridwells have a history of

giving back to SMU Cox. Earlier in

SMU’s Second Century Campaign,

they gifted the Cox School with an

endowed scholarship for BBA students.

This generous donation funded its

first merit-based scholarship for a

BBA student this fall and will continue

to generate scholarships for many

generations to come.

Graduate student scholarships are a

top priority for the Cox School, and Dean

Al Niemi is extremely pleased with this

significant and meaningful endowment

to the MBA program. “Gina and Tucker

Bridwell will enable us to continue to

attract talented students who will benefit

from SMU Cox’s excellent graduate

programs and contribute to our rise in

academic quality. We are very grateful

to the Bridwells for their generosity in

making this gift.”

For more information about how

you can support Cox BBA or MBA

scholarship programs, contact the Cox

Development Office at 214.768.3074.

To view updated quarterly status reports on The Second Century Campaign, go to smu.edu/SecondCentury.

To view the 2012-13 SMU Annual Report, go to smu.edu/annualreport.

“I was deeply touched when I learned that the Bridwells were making two such meaningful gifts in my honor,” says Miller.

BRIDWELL ENDOWED MBA SCHOLARSHIPHONORS DAVID MILLER

PHOTO?

Tucker Bridwell and David Miller

37

cox.smu.edugo to

D E V E L O P M E N T

LATINO LEADERSHIP INITIATIVE GAINS STRONG CORPORATE SPONSORSHIP

“AT&T is proud to partner with SMU

Cox and the other founding sponsors

on the Latino Leadership Initiative,”

said Debbie Storey, SVP of talent

development and chief diversity officer

at AT&T. “Our customers, suppliers

and investors come from all walks of

life — and we serve them best when

our workforce and our leadership team

connect with them where they are. This

initiative advances those efforts.”

Cox Executive Education first began

working with the National Hispanic

Corporate Council (NHCC) to offer

the Corporate Executive Development

Program in 2010. Through Cox

Executive Education, and now under

the responsibility of the LLI, the

Corporate Executive Development

Program offers leadership training and

networking opportunities to high-

potential Latino managers working in

Fortune 1000 companies and seeking

their first executive management

roles. Opportunities will be expanded

to include companies outside of the

Fortune 1000.

“This initiative could not have come

at a better time in this country’s history

or be in a better place than right here

at SMU in Dallas, Texas,” said Dean

Al Niemi. “The tremendous amount

of support received from the corporate

sector in such a short time frame serves

to validate the importance of the Latino

Leadership Initiative’s mission and vision.”

The LLI Advisory Board, which

consists of representatives from each

of the effort’s founding corporate

sponsors, held its inaugural meeting in

July at the Cox School. Bill Diaz, State

Farm director of property and casualty

underwriting and an alumnus of the

CEDP program, serves as executive-

on-loan and the LLI launch executive

director. Miguel Quiñones, the O.

Paul Corley Distinguished Chair of

Organizational Behavior at Cox, is the

program’s academic director.

A November launch event for the

initiative will be held at SMU’s James

M. Collins Executive Education Center.

Additional sponsorship opportunities

are still available, and all sponsorships

and gifts to the Latino Leadership

Initiative are part of the SMU Second

Century Campaign. Contact the SMU

Cox Development Office for more

information at 214.768.1595. n

SMU Cox Executive Education is

joining eight corporate sponsors to

create the Latino Leadership Initiative

(LLI) to help meet the nation’s growing

need for corporate leaders as the

economy improves and demographics

evolve. The initiative grew out of

research that shows a gap in talent

at the country’s executive leadership

level. AT&T took the first steps toward

making the LLI a reality by signing

on as lead sponsor, and Wal-Mart

serves as the effort’s presenting

sponsor. Additional founding sponsors

committing to three-year sponsorships

are Baylor Health Care System, Cash

America, Kimberly-Clark, JCPenney,

Shell Oil Company and State Farm.

“The Latino Leadership Initiative

offers a solution to the talent gap and

provides career growth opportunities

for Latino professionals, as well as

opportunities for corporations to

engage in the discussion around a

more multicultural workplace and to

help develop a research agenda to

uncover new insights into the growing

Hispanic workforce and marketplace,”

said Frank Lloyd, associate dean

of SMU Cox Executive Education.

“Thanks to the generous support

of our corporate sponsors, SMU Cox

Executive Education is in an excellent

position to effect positive change.”

A study by the Hispanic Association

for Corporate Responsibility indicates

that Latino managers are significantly

underrepresented in executive and

senior executive positions. Research

shows that, although Latino managers

reach mid-level management positions

faster than their peers, they are

traditionally slower to climb to higher

levels within their companies.

According to the Pew

Hispanic Center, U.S. Census

Bureau and the Selig Center

for Economic Growth, Latinos

will be 70 percent of the labor

force growth between 2010

and 2020, with 30 percent of

the U.S. population projected

to be Latino by 2050.

Frank Lloyd and Bill Diaz

38

C A L E N D A R OF E V E N T S

*Dean’s Tailgate On the Boulevard begins two hours prior to kickoff at every home game in front of the Cox School of Business. For the full football schedule, go to smumustangs.com.

October 19SMU at Memphis

October 26SMU HomecomingSMU vs. Temple, TBA at Ford Stadium*

November 9Cox MBA Fall Preview DayContact: mbainfo@cox.smu.edu

November 9SMU at Cincinnati

November 13DCEO Reception6 p.m. – 8 p.m.Collins CenterContact: Andrea Smithaesmith@cox.smu.edu

November 14Dallas 100™ Awards6 p.m. – 10 p.m.Omni Dallas HotelContact: Ann Faison, 214.768.3030coxalums.com/dallas100

November 16SMU vs. Connecticut, TBA at Ford Stadium*

November 19Latino Leadership Initiative LaunchCollins CenterContact: Executive Education, 214.768.3335

November 23SMU at USF

November 29SMU at Houston

December 3Cox Alumni Association Reception Atlanta, GA

December 4Cox Alumni Association ReceptionBirmingham, AL

December 7SMU vs. UCF, TBA at Ford Stadium*

December 8SMU Cox Corporate Relay Challenge at the MetroPCS Dallas Marathondallasmarathon.com

December 10L. Frank Pitts Energy Leadership Awards 11:30 a.m. – 1:30 p.m. Contact: Catherine Maurer, 214.768.1595cbaetz@cox.smu.edu

38

39

cox.smu.edugo to

IMPORTANT NUMBERS FORCOX ALUMNI & FRIENDS

C O N TA C T U S

March 5: Attending the New York reception, Sandy Gennrich (MBA ’98) and Gayle Maurin (BBA, MBA) along with current MBA students Kevin Glomb and Danny Weidich

ACADEMIC DEPARTMENT CHAIRSAccounting: Hemang DesaiFinance: Kumar VenkataramanInformation Technology and Operations Management: Amit BasuManagement and Organizations: Don VandewalleMarketing: Raj SethuramanReal Estate/Insurance/Business Law: Bill BrueggemanStrategy and Entrepreneurship: Gordon Walker

ALUMNI AND EXTERNAL RELATIONSAssistant Dean of External Relations and Executive Director of theCox Alumni Association: Kevin Knox

BBA PROGRAMAssociate Dean: Gary Moskowitz

BUSINESS LIBRARYDirector: Sandy MillerThe Kitt Investing and Trading Center

CENTERS AND INSTITUTESCaruth Institute for EntrepreneurshipDon Jackson Center for Financial StudiesEnCap Investments & LCM Group Alternative Asset Management CenterFolsom Institute for Real EstateJCPenney Center for Retail ExcellenceMaguire Energy InstituteWilliam J. O’Neil Center for Global Markets and Freedom

CERTIFICATE PROGRAMSEntrepreneurship Certificate ProgramGraduate Business Analytics Certificate ProgramGraduate Finance Certificate ProgramGraduate Marketing Certificate Program

DEAN’S OFFICEDean: Albert W. Niemi, Jr.

DEVELOPMENT AND MAJOR GIFTSDirector: Laran O’Neill

EXECUTIVE EDUCATIONAssociate Dean: Frank Lloyd

GRADUATE PROGRAMSAssociate Dean: Marci Armstrong

MARKETING AND COMMUNICATIONSAssistant Dean: Lynda Welch Oliver

MBA BUSINESS LEADERSHIP CENTER/BBA BUSINESS LEADERSHIP INSTITUTEDirector: Paula (Hill) Strasser

MBA CAREER MANAGEMENT CENTER

MBA GLOBAL PROGRAMSAssistant Dean: Linda Kao

SOUTHWESTERN GRADUATE SCHOOL OF BANKINGPresident and CEO: Scott MacDonald

SPEAKER SERIESBank of Texas Business Leaders Spotlight Series Ernst & Young Management Briefing Series L. Frank Pitts Oil and Gas Lecture Series O’Neil Center Speaker Series Southwest Venture Forum

214.768.3185214.768.7005214.768.8257214.768.1239214.768.3403214.768.3182214.768.2191

214.768.8338

214.768.1575

214.768.4113 214.768.4113

214.768.3689214.768.8256214.768.8256214.768.3548 214.768.3943214.768.3692214.768.3251

214.768.3689214.768.1246214.768.4155214.768.2722

214.768.3012

214.768.4988

214.768.3191

214.768.4486

214.768.3678

214.768.3104

214.768.6227

214.768.4754

214.768.2995

214.768.3030214.768.4266214.768.3692214.768.4210214.768.3689

March 15: The annual MBA International Festival, featuring food and entertainment

May 3: Attending the MBA social hour hosted by MillerCoors are Elizabeth George and DarrenGrahsl (MBA ‘09).

May 21: Linda Kao (BBA ’78), assistant dean of global programs, welcomes the audience to the13th annual GLP Symposium.

40

EXECUT IVE BOARDMr. David E. Alexander Retired—Ernst & Young LLPMr. Gerald B. Alley President Con-Real, Inc.Mr. Lars C. Anderson Vice Chairman, The Business Bank Comerica Bank Mr. Stephen L. Arata Executive Vice President & CFO Caiman Energy, LLCMr. F. Thaddeus Arroyo Chief Information Officer AT&TMr. Norman P. Bagwell Chairman & CEO Bank of Texas, N.A.Mr. C. Fred Ball, Jr. Senior Chairman of the Board Bank of Texas, N.A.Mr. J. Gabriel Barbier-Mueller Chairman & CEO Harwood InternationalMr. Raymond A. Basye, Jr. Sewell Cadillac DallasMr. James F. Berry Retired President Lockheed Martin Missiles and Fire ControlMr. Raymond A. Blanchette CEO Ignite Restaurant GroupMr. William A. Blase, Jr. Senior Executive Vice President, Human Resources AT&TMr. Mark A. Blinn President & CEO Flowserve Corporation Mr. Tony Boghetich Owner & CEO Omar B. Milligan EnterprisesMr. Pat S. Bolin Chairman & CEO Eagle Oil & Gas Co.Ms. Julie Ann Brice Former Owner & Founder I Can’t Believe It’s Yogurt, Inc.Mr. Tucker S. Bridwell President Mansfeldt Investment CorporationMr. Bradley Brookshire Chairman Brookshire Grocery CompanyMr. Peter D. Brundage Managing Director Goldman SachsMr. Donald J. Carty Retired Chairman, American Airlines & Retired Vice Chairman, Dell, Inc.Mr. Felix Chen President & CEO PAJ, Inc.Mr. Thomas Codd Managing Partner PricewaterhouseCoopers LLPMr. Gus Comiskey President Comiskey Kaufman Consulting, LLCMs. Kelly H. Compton Executive Director The Hoglund FoundationMr. William R. Cooper Chairman Paragon Group

Mr. Edwin L. Cox Chairman & CEO Edwin L. Cox CompanyMrs. Katherine R. Crow Civic and Philanthropic LeaderMr. Gary T. Crum President CFP FoundationMr. William A. Custard President & CEO Dallas Production, Inc.Mr. Terry R. Dallas Executive Vice President & Managing Director Wells Fargo U.S. Corporate BankingMr. Joseph M. DePinto President & CEO 7-Eleven, Inc.Mr. Derek E. Dewan Former Chairman & CEO MPS GroupMr. Antoine L.V. Dijkstra Partner & Co-Founder Implexus Capital & PartnersMr. Frank M. Dunlevy Vice Chairman, Investment Banking Cowen & Company, LLCMr. Manny Fernandez Managing Partner KPMG LLP - Dallas OfficeMr. Andrew S. FisherMr. Bryant R. Fisher Retired Senior Vice President FederatedMr. Martin L. Flanagan President & CEO INVESCOMs. Lisa A. Gardner CEO OMS Strategic Advisors, LLCMr. James F. Geiger CEO CbeyondMr. William W. GeorgeMr. David L. Gonzales Global Talent Management & Diversity & Inclusion Lead Human Resources MerckMr. Norman Green Founder & Former Owner Dallas Stars HockeyMr. Seth W. Hall President Source One SparesMs. Linda W. Hart Vice Chairman & CEO Hart Group, Inc.Mr. Brad K. Heppner Chairman & CEO Heritage Highland Finance & Management ServicesMr. Denny Holman Chairman of the Board Folsom Properties, Inc.Mr. Thomas W. Horton Chairman & CEO AMR Corporation & American AirlinesMr. Doug Houser Principal Mega Capital, LLCMr. Kevin C. Howe General Partner, Mercury Ventures Chairman & CEO, River Logic

Mr. Clark K. Hunt Chairman of the Board & CEO Kansas City ChiefsMr. Thomas W. Jasper Managing Partner Manursing Partners, LLCMr. David K. Kao Managing Partner Advantage Resources GroupMr. James W. Keyes Chairman Wild Oats MarketplaceMr. Barry M. Kitt Pinnacle Family Office Investments, L.P. Ms. Nancy Loewe Chief Strategy Officer Kimberly Clark Corp.Mr. Paul B. Loyd, Jr.Mr. D. Scott Luttrell CEO LCM GroupDr. Bobby B. Lyle Founder & Chairman Lyco Holdings IncorporatedMr. James H. MacNaughton Vice Chairman BMO Capital MarketsMr. Cary M. Maguire President & CEO Maguire Oil CompanyMr. Ken Malcolmson Regional CEO, West Central Region HumanaMr. Michael P. McCloskey Chairman & CEO FRI InvestorsMr. Michael F. McGehee CEO Wilmac Companies, LLCMr. Scott J. McLean CEO Amegy Bank of TexasMr. Michael A. Merriman President & CEO Financial Holding CorporationMr. David B. Miller** Founder & Managing Partner EnCap Investments, LPMr. Roger Nanney Vice Chairman Deloitte LLPMr. Erle A. Nye Chairman Emeritus TXU Corp.Mrs. Connie O’Neill Civic and Philanthropic LeaderMs. Karen L. Parkhill Vice Chairman & CFO Comerica IncorporatedMs. Patricia Patterson President Patterson InvestmentsDr. Sheron Patterson Communications Officer The United Methodist Church of North TexasMr. Randal L. Perkins Private Investor Private Advisory GroupMr. Timothy E. Perry Managing Director Credit Suisse AGMs. Angela Raitzin Principal Constellation Wealth Advisors

Ms. Melissa M. Reiff President The Container StoreMr. Kirk L. Rimer Principal Crow Holdings Mr. Ronald A. Rittenmeyer Retired Former Chairman, President & CEO EDSMr. Philip J. Romano Owner Romano Concepts, LtdMr. James Saccacio Co-Founder RealtyTracMr. Robert J. Schlegel Chairman & CEO Bedrock Logistics Founder & Retired CEO/Owner Pavestone CompanyMr. Jeffrey R. Schmid Chairman & CEO Mutual of Omaha BankMr. Mark W. Schortman Senior Vice President & General Manager Coca-Cola RefreshmentsMr. David T. Seaton Chairman & CEO Fluor CorporationMr. Carl Sewell Chairman Sewell Automotive CompaniesMr. Michael J. Skillman CEO Cadence Capital ManagementMr. Michael G. Smith Private InvestmentsMr. Richard K. Templeton President, CEO & Director Texas Instruments, Inc.Mr. John C. Tolleson* Chairman & CEO Tolleson Wealth ManagementMr. William Vanderstraaten President Chief Partners LP Mr. Scott B. Walker President & CEO Scowal Investments Partnership LTDMr. Richard Ware President Amarillo National BankMr. Garry Weber Chairman of the Board Weber Financial, Inc.Mr. Kevin D. Welsh Partner & Senior Managing Director Kayne Anderson Capital Advisors, LPMr. William M. Wheless, III President Wheless PropertiesMr. Robert A. Wilson Executive Vice President Kemmons-Wilson CompaniesMr. Royce E. (Ed) Wilson, Sr. Vice Chairman & CEO Attensity Media, LLCMs. Trea C. Yip CEO TY Commercial Group, Inc.

* Chair ** Vice Chair

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cox.smu.edugo to

A L U M N I B O A R DCox Alumni Association Board of DirectorsJames Alvetro MBA ’99 Sydney, Australia james@getfundamental.com Clark Bacon BBA ’04 Los Angeles, CA clark.bacon@ubs.com Jim Bernard PMBA ’02 Austin, TX jamesmbernard@gmail.com Dennis Cail EMBA ’06 Dallas, TX denniscail@me.com Rick Calero EMBA ’08 Portland, OR rickcalero@umpquabank.com Jordan Carter BBA ‘08 New York, NY jcarter@smualumni.smu.edu Jack Chapman BBA ‘10 Austin, TX jchapmanx@gmail.com Trey Chappell BBA ’00 Phoenix, AZ treychappell5@gmail.com Paul Collins MBA ’02 Summit, NJ paul.collins@willis.com Clayton Dallas BBA ’10 Houston, TX claytonrdallas@gmail.com Paul Divis ** EMBA ’99 Dallas, TX paul@megacapital.com Jeff Dyer MBA ’03 Ft. Worth, TX jdyer@crescent.com Dan Einhorn MBA ’02 Milwaukee, WI deinhorn@capitalmidwest.com Gonzalo Escamez Sada MBA ’90 Santiago, Mexico gescamez63@gmail.com Mark Galyardt MBA ’88 Atlanta, GA mark.galyardt@xioss.com Angela Gieras MA/MBA ’03 Kansas City, MO angfuf1@hotmail.com Dan Goe MBA ’99 Denver, CO daniel_a_goe@yahoo.com John Goodrum BBA ’05 Houston, TX john.goodrum@gmail.com Brooke Green MBA ’99 San Francisco, CA brookegreensf@gmail.com Paul Henderson PMBA ’94 Sunnyvale, CA phenderson@ariasystems.com Chip Hiemenz BBA ’06 St. Louis, MO chip.hiemenz@gmail.com Tessa Hoskin EMBA ’09 Dallas, TX tessahoskin@tx.rr.com A. J. Hu MBA ’01 Shanghai, China aj.hu@jljgroup.com Taruna Jain BBA ’95, MBA ’01 Austin, TX tarunajn@yahoo.com Nick Kapral PMBA ’10 Dallas, TX nicholas.kapral@gmail.com Pam Hoyerman Kemper BBA ’79 Boston, MA pamelakemper@gmail.com Melissa MacLeod BBA ’07 Orange Co, CA melissa.ann.macleod@gmail.com Dave Manges PMBA ’07 Seattle, WA davidmanges@yahoo.com Kyle Martin PMBA ’09 Dallas, TX kyle.martin@pepsico.com Ashley Wilson McClellan BBA ’04 Dallas, TX ashley.mcclellan@hcahealthcare.com Frank McGrew BBA ’90 Nashville, TN frank.mcgrew@raymondjames.com Max Meggs BBA ’06 Dallas, TX max.meggs@thehartford.com Aakash Moondhra MBA ’03 New Delhi, India aakash.moondhra@gmail.com Phil Moran MBA ’87 Houston, TX pmoran@pacadvisory.com Fabio Okamoto MBA ’95 Sao Paolo, Brazil fabio.okamoto@riobravo.com.br Carlton O’Neal PMBA ’87, JD ’91 La Jolla, CA carlton@carltononeal.com Kylie Wood Owens BBA ’06 Kansas City, MO kylie.owens@hotmail.com Jonathan Parker MBA ’05 Houston, TX jonathan.parker1@morganstanleypwm.com Bruce Parkerson BBA ’79, JD ’82 New Orleans, LA bparkerson@pmpllp.com Matt Peakes BBA ’00, MBA ’07 Dallas, TX mpeakes@gmail.com Kyle Perkins BBA ’09 La Jolla, CA kyle@westviewfg.com Evan Radler BBA ’05, PMBA ’10 Ft. Worth, TX eradler@tug-hillop.com Angela Raitzin MBA ’00 New York, NY raitzina@gmail.com Chris Reilly PMBA ’01 San Antonio, TX chris.reilly@reillyassociatesllc.com Merrill Reynolds BBA ’76 New Braunfels, TX mreynolds@reynoldswilliams.com Wayne Richard BBA ’80 Dallas, TX wrichard@icglobal.net David Rouse PMBA ’95 Dallas, TX david.rouse@yum.com Elisabeth Schmidt BBA ’87 Washington, DC elisabeth.s.schmidt@accenture.com Allen Shank BBA ’02, MSA ’03 Dallas, TX ashank@lockelord.com Javier Silvera MBA ’07 Hong Kong, China javier.o.silvera@citi.com Chase Spirito BBA ’06 London, England chase.spirito@baml.com Jay Staley MBA ’13 Little Rock, AR jmstale@gmail.com Cristine Struble BBA ’96 Chicago, IL cristine.struble@sbcglobal.net Matthew Struble PMBA ’00 Chicago, IL matthew.struble@sbcglobal.net Arun Subramanian MBA ’01 Bangalore, India psarun@hotmail.com Katy Thomas *** BBA ’07 New York, NY kathryn.d.thomas@jpmorgan.com Laura Till BBA ’82 Albany, NY ltill@financialguide.com David Visinsky BBA ’98 Memphis, TN dvisinsky@hotmail.com Catherine Walts BBA ’99 Atlanta, GA catherinecoates@hotmail.com Chris Wilson BBA ’03 Oklahoma City, OK cwilson@gobaker.com Rich Wilson MBA ’05 Tulsa, OK rich@wilsoninterests.net Jiang Wu MBA ’00 Beijing, China jiang.wu@power.alstom.com Liz Youngblood EMBA ’05 Plano, TX elizayou@baylorhealth.edu

** Chair *** Vice Chair

A L U M N I B O A R D

March 19: Kevin Knox joined with Honore Comfort (MBA ’93), executive director of the Sonoma County Vintners, for a wine tasting at the Mansion on Turtle Creek.

March 21: Panelists for the Maguire Energy Institute and Amegy Bank-Houston energy industry update were Bud Weinstein and Bruce Bullock of the Maguire Energy Institute; Joe Dancy, LSGI Advisors Inc. and Cox adjunct professor; and Gary Evans, GreenHunter Energy.

April 20: The Cox Alumni Board of Directors held their spring meeting during SMU Founders’ Day weekend. Pictured: Cox Alumni Board members Chip Hiemenz, Katy Thomas, Elizabeth Schmidt, Chris Reilly, Mark Galyardt, Pam Kemper, Dean Niemi, Catherine Walts, Chris Wilson, Angela Raitzin, John Goodrum, Max Meggs, Trey Chappell, Paul Henderson, Don Shelly, David Manges, Rich Wilson, Paul Divis, Jonathan Parker, Frank McGrew, Kevin Knox, David Rouse, Dennis Cail, Kyle Perkins.

42

D I S T I N G U I S H E D A L U M N I

Gerald Byron Alley (MBA ’75) President and CEO

Con-Real LP

Gerald Byron Alley was born and raised in Pine Bluff, Arkansas. He entered the University

of Arkansas in Fayetteville when he was 16, and Sanger Harris Department Stores in Dallas

recruited him to join its Management Executive Training Program directly out of college. He

was then awarded a scholarship to the Full-Time MBA program at SMU Cox. He earned his

MBA in finance and real estate in 1975, and later, a Graduate Certificate of Achievement

from the SMU Cox Caruth Institute of Entrepreneurship.

By 1978, Alley had started his own business, providing management and technical

services to small businesses in construction industries. With his brother, Troy Alley, Jr., he

formed Con-Real, a full-service construction and real estate firm that serves Fortune 500

companies nationally. Their mission is to change the perception of African-American owned

businesses in the construction and real estate industries. As president and CEO of Con-Real,

Gerald Alley directs the company’s growth and philosophy.

Alley serves on various corporate and nonprofit boards, including the Cox Executive Board.

Troy Alley, Jr. (MBA ’76) Executive Vice President and Chief Operating Officer

Con-Real LP

Troy Alley, Jr. graduated from the the University of Arkansas in Fayetteville. In 1976, he

earned his MBA in finance and real estate at Cox and later attended MIT’s Advanced Real

Estate Development Program. He went on to found and organize the Commercial Division of

Galloway Herron Realtors and later partnered with his brother Gerald to form Con-Real.

Troy and Gerald Alley’s father was the first African American to own a service station

in Pine Bluff, and their mother was the first African American to earn a master’s degree in

English at the University of Kansas. Born into a family of trailblazers, Troy Alley, Jr. is the first

African American to become a member of the commercial division of the Dallas Board of

Realtors; become a Certified Property Manager; become a member of the Appraisal Institute

in North Texas; and is among the first African-American graduates of the College of

Engineering at the University of Arkansas.

Alley mentors business students through the Cox Associate Board.

Tony Boghetich (BBA ’75)Owner and CEO

Omar B. Milligan Enterprises Inc. and the Bogan Companies

Tony Boghetich was born in Milan, Italy, and came to the United States with his family when

he was still a toddler. His family settled in Texas, and he became a naturalized citizen at age six.

Boghetich first visited SMU as an 11th-grader from Clear Creek High School in League City to

compete in a debate tournament. The campus made a big impression on him. Although his family

moved near Chicago just before his senior year, he struck a deal with his father that if he could

do well as a freshman at a local community college, he would be allowed to transfer to SMU.

Boghetich went on to earn a BBA with a double major in finance and marketing from Cox in

1975. He met Jilene Milligan (BBA ’76), the woman who would eventually become his wife, in a

Cox business law class. Three of their four children are SMU alumni.

Boghetich earned his law degree at the University of Oklahoma in 1978 and has practiced

law in Texas and Oklahoma. In 1986, he became the owner, CEO and president of private oil

and gas company Omar B. Milligan Enterprises Inc. He serves on the Cox Executive Board and

has been a member of the Cox Alumni Board.

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cox.smu.edugo to

A L U M N I P R O F I L E S

O U T S TA N D I N G Y O U N G A L U M N I

Melissa Reiff (SMU ’77) President and Chief Operating Officer

The Container Store

Melissa Reiff grew up in Independence, Missouri, and wanted to experience “a big city with

big opportunities.” She chose SMU in Dallas. Shortly after graduating in 1977, she launched an

illustrious career that included leadership roles with Success Unlimited Magazine, Dallas-based La

Papillion and Crabtree & Evelyn.

In 1995, Reiff joined The Container Store as vice president of sales and marketing. Her efforts

resulted in her promotion to executive vice president of stores and marketing in 2003, which

gave her responsibility for guiding and directing store management, store development, store

communication, sales management, training, recruiting and all aspects of sales and marketing.

Three years later, Reiff was named president of the company that had become the nation’s

leading retailer of storage and organization products. She added COO responsibilities in 2013.

Reiff is a member of the Cox Executive Board, stays active on the Cox Associate Board and

works closely with the Cox Business Leadership Center. n

Bradley Wilson (MBA ’01) Chief Marketing Officer

Travelocity, North America

Brad Wilson has helped build, launch and grow some of the most recognizable consumer brands on

the web today. As chief marketing officer for Travelocity, North America, he is responsible for brand

strategy, customer life cycle management and marketing communications throughout North America.

Before joining Travelocity, Wilson served on the leadership teams at Nutrisystem, Blockbuster

Online and Match.com. His marketing skills have positively impacted customer acquisition and

revenue generation at each of these corporations.

While in the MBA program, Wilson was part of the first class to participate in the Cox Global

Leadership Program. He visited Brazil, Chile and Mexico at a time when globalization truly began to

take shape. He was also active in rugby and traveled to the MBA Rugby World Championship at

Duke University. Wilson received his undergraduate degree from the University of Texas at Austin.

Todd Abbott (MBA ’03)President

Pioneer Natural Resources Alaska Inc.

Although Todd Abbott now makes his home in Alaska, he started out as an Aggie, graduating

from Texas A&M in 1996. He took a position as an engineering consultant just after graduation

and eventually started exploring career options. Abbott pursued the Full-Time MBA at SMU

Cox through the generosity of the Susie V. and Edgar W. Armentrout Memorial Scholarship and

completed the program in 2003.

Abbott has been with Pioneer Natural Resources for 10 years, moving up the ranks first as a

senior analyst in acquisitions and divestitures, then worldwide operations, then vice president

of corporate finance. He has held his current position as president of Pioneer Natural Resources

Alaska for two years.

While at Cox, Abbott and his wife, Jenny, built the foundation for long-lasting friendships

with fellow classmates and their spouses. Abbott also forged a strong relationship with several

of his professors including Jim Smith, Susan Riffe and Dave Mauer, to whom he gives credit for

encouraging his career interest in accounting and finance. n

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CLASS NOTES

n Class of 1943:

Ray Hall (BBA) is a retired special agent

from the FBI. Ray is looking forward to

November 22, 2013, when Dallas will

host activities to recognize the 50th

anniversary of the assassination of

President John F. Kennedy. Immediately

after President Kennedy was assassinated

in November 1963, Ray conducted

extensive investigations in the Dallas and

Houston areas. When Jack Ruby shot

Lee Harvey Oswald, President Johnson

ordered the FBI to immediately interview

Jack Ruby, and Ray was designated to

do the interview. Hall is also looking

forward to celebrating his 95th birthday

in January 2014.

n Class of 1953:

Bill Ferrell (BBA) is the development

director for Mercy Street, a Christian

mentoring program in West Dallas

that mentors more than 600 inner-

city children.

n Class of 1956:

Richard Frank Kantenberger (BBA)

is currently a business development

and marketing consultant and national

gifted education writer.

n Class of 1962:

Herschel E. Milner (BBA) is currently the

president of Bud Milner & Company Inc.

and the owner of Bud Milner Clocks.

n Class of 1963:

Perry T. Dunlap, Jr. (MBA) retired from Abbott Labs, where he was

district manager, in 1988.

n Class of 1969:

James D. Milligan (BBA) is the general

manager of the Mid-Atlantic Processing

Plant and Distribution Center.

Don White (BBA) is a petroleum landman.

n Class of 1970:

Alan Greenberg (BBA) has retired

from years in real estate and finance.

Upon retirement, he started Orco

Development, a program designed to

educate college-aged, foreign-born

students about American film, politics,

military and history.

n Class of 1971 :

Michael K. Goodwin (MBA) has retired

from the MidAmerican Energy Company.

Richard Mason (BBA) retired in 2013 and

is building a retirement home in Saluda,

NC, where he and his wife will relax and

plan their next adventure.

n Class of 1976:

Arden Bennett (MBA) is now the senior

vice president of client experience at

Succeed Management Solutions LLC.

n Class of 1977:

Tom Harrell (BBA) retired from IBM

as senior manger and joined Baughm,

Harrell, Schmidt and Associates as a

managing partner and consultant in

project management.

Gary Thomas Siegel (BBA) is the chief

human resource officer at ZTEUSA Inc.

n Class of 1978:

Don Abernathy (BBA) is celebrating his

20th anniversary as president and CEO

of The Bankers Bank in Oklahoma City.

Vicki Hill (MBA) is CFO for the

nonPareil Institute.

Kevin Huitt (MBA) and Susan Tiger Huitt (MBA ’79) live in Morganton &

Boone, NC. Kevin is president of hosiery

manufacturer Huitt Mills Inc., which

proudly manufactures 100 percent NC-

made sport, casual and athletic socks

and other sock-related items. Susan is

a manager of Huitt Investments LLC, a

private real estate investment company

focusing on residential, commercial and

investment properties in university, resort

and retirement destinations. Susan also

works as a realtor/broker with Keller

Williams Realty in Boone, NC.

Brendia Staggers (BBA) is the

assistant member engagement

manager for Lifetime Fitness and has

won the Artistry Performance Award

for the past two years.

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C L A S S N O T E S

n Class of 1979:

Alice Tidball (MBA) served as director

for the office of International Narcotics

and Law Enforcement at the U.S.

Consulate General in Jerusalem. She

retired in August 2013 and plans to

road trip across Canada in her 1964

Bonneville Pontiac convertible.

n Class of 1980:

Hal Hyneman (MBA) is the president

of Hyneman & Associates Inc.

Terence J. Shea, Jr. (BBA) has been

employed with Unisource Paper Company

for the past 30 years. He has enjoyed 30

years of marriage and has two children.

n Class of 1981:

Len Musgrove (BBA) is proud to announce the first anniversary of Musgrove Law Firm P.C. Since graduating from SMU, Len has been a practicing attorney in Dallas for 28 years, most recently serving as managing partner for Bellinger & DeWolf LLP. Musgrove Law Firm P.C. specializes in corporate and partnership law, taxation, mergers and acquisitions, estate planning and general corporate law matters. Both the Musgrove Law Firm P.C. and Len have attained the “AV Preeminent” ranking from Martindale-Hubbell, the highest possible ranking from legal peers.

Terri Peeters (MBA) is working in global

human resources for Bank of America.

She is married with one child.

n Class 1982:

Haley K. Moy (MBA) is the technical

launch manager for production at

BancVue in Austin, TX.

n Class of 1983:

Bob King (MBA) is the director of

employment services at Memorial

Assistance Ministries, an outreach

collaboration of 30 church congregations

in West Houston. At MAM, Bob has

built a self-sufficiency program helping

more than 500 clients per year to

identify and overcome obstacles to

finding and keeping a steady and

meaningful job.

n Class of 1985:

John Arcidiacono (BBA) was promoted

to CMO at Stewart Information Services

Corp.

George Killebrew (BBA) was promoted

to executive vice president of the Dallas

Mavericks. He oversees the corporate

sponsorship team as well as the ownership

piece in the American Airlines Center.

n Class of 1987:

Melinda Hipp (MA/MBA) has opened her own branch of VanDyk Mortgage

Corporation in San Antonio. Specializing in residential mortgages and reverse

mortgages, Melinda has more than 15 years experience in the residential lending

business and has put her experience to good use with this private mortgage

banker based out of Grand Rapids, MI. Her office is in the far north central

area of San Antonio. Melinda spends her spare time as a U.S. Golf Association

Rules Official on the local and state levels and serves as a member of the

USGA Women’s Mid-Amateur Championship Committee. She and her musician

husband, Lee Hipp (MM ’85), celebrated their 33rd wedding anniversary this year.

Jeff Woodward (MBA) worked in Dallas and then in Houston for Schlumberger

after graduation. He has lived in Singapore for 14 years, living previously in

Jakarta, Indonesia, and Dhahran, Saudi Arabia. He worked for Oracle Asia-Pacific

for six years and then ran his own consulting firm for eight years. Now, Jeff will be

taking a new role as a director with Teradata Singapore.

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n Class of 1988:

John P. Albright (BBA) is the president

and CEO of Consolidated-Tomoka Land.

Paul Einarsson (MBA) married Tami

Hellegas, whom he met in this program.

They will celebrate their 25th anniversary

as he celebrates his 50th birthday in

2014. Paul and Tami work together in

a company he helped start and build,

which has since become the largest

owner of seismic data used for offshore

oil and gas exploration in Canada.

n Class of 1989:

Bruce Jones (MBA) is the managing

director at ClearRidge LLC.

n Class of 1990:

Todd C. Williams (BBA) has been

president of Double Diamond Custom

Homes since 2000 and has expanded its

building and remodeling operations

into Austin and the Hill Country area.

Todd and his wife Christina Carpenter

Williams (‘92) live in San Antonio with

their two sons, Hunter and Chase.

n Class of 1991:

Akio Otsuka (MBA), a law professor,

became the dean of the University of

Tsukuba Law School as of April 2013

for a two-year office.

Michael Teester (MBA) is the senior vice

president of global sales at Getty Images.

n Class of 1992:

Lisa Decker (BBA) celebrated her 20th

anniversary with the Lucas Group as a

finance and accounting recruiter.

n Class of 1993:

Frank Koye (PMBA) graduated 20 years ago in August from the part-time program

while working on highly classified missile programs involving emerging technologies.

He then joined Prudential Preferred Financial Services near New York City, but was

soon given orders back to active duty in Bosnia. Frank initially served as assistant

chief of staff for communications and information systems for NATO Naval Striking

and Support Forces, and then as theater plans officer and reserve coordinator for the

U.S. 6th Fleet in Bosnia. His follow-on orders took him to serve as the U.S. 7th Fleet

Commander’s liaison to the Japanese Fleet Commander in Tokyo. Afterward, he was

sent to the Balkans for a year to serve as liaison to the Albanian Ministry of Defense.

He next flew to Malaysia to work for the U.S. 7th Fleet Commander, working with

communications and information technology in a job that took him to Kuala Lumpur,

Bali, Guam, Hong Kong, Australia and Japan.

When Frank returned to civilian life, he used his MBA to work as a venture capitalist

in emerging markets in the Balkans doing 100-percent equity-owned ventures to

start businesses in banking, manufacturing and real estate development. He later

worked as the subject matter expert briefing at a NATO emergency plenary session

on Kosovo and with Marine reconnaissance teams. Osama Bin Laden was using the

area as an operational base, and following a successful operation that captured three

top Al Qaeda operatives, Frank was recalled to take charge of military forces, 30

Navy SEALs and 155 special operations-capable Marines. These forces were sent in

by President Clinton to conduct noncombatant evacuation operations and prevent

the assassination of senior military and civilian leaders by Al Qaeda.

After these special operations, Frank subsequently received orders to work in

intelligence operations with national security providing critical intelligence to senior

civilian and military leaders. He later worked in human intelligence with DIA and

special operations with Naval Special Warfare Group Four.

For the last 10 years he has worked for BAE Systems Inc. in different roles. He was a

network-centric operations consultant and initially headed R&D involving ultra-wide

band wireless technology, and then worked for the CIA, FBI and DNI on national

security and information sharing. Frank currently works for an international consortium

of nations holding missile systems that are employed on more than 200 ships across

the globe and are designed to shoot down enemy missiles.

Frank has also served as president of the SMU Alumni Association in Washington, D.C.,

and volunteered his time as a Scout leader internationally. He has served on the Mass

Rescue Operations working group of the National Search and Rescue Committee, as

well as on the boards of directors for two divisions of the National Defense Industrial

Association: Special Operations and Low Intensity Conflict, and Homeland Security. He

retired from the Navy as a commander in 2006 and is the father of four children.

Robert Sawyer (EMBA) joined Felextronics Penang in Malaysia in 2013 as senior

director at NPI Engineering Operations. He married Diana Sihombing on

December 22, 2012, in Medan, Indonesia.

C L A S S N O T E S

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n Class 1994:

Alan DeSantis (MBA) is the president

and owner of bkg Service Corporation, a

full-service project management company

specializing in upscale hotels.

Stefan Howard (BBA) relocated to

Palo Alto, CA, in June 2013 and began

a new position at Stanford University

as the administrative associate team

supervisor in undergraduate admission.

n Class of 1995:

Chris Gummer (BBA) was selected by

the Texas Society of Certified Public

Accountants as one of its 2013 Rising

Stars for leadership in the profession for

society members 40 years and under.

Chris Wilkinson (EMBA) and Tom Jones

(EMBA) have become joint venture

investment partners in the Low T.

Center LLC, a network of medical clinics

focused on the diagnosis and treatment

of low testosterone conditions in men.

In addition to their equity investment in

the company, they have opened clinic

locations in Dallas, McKinney, Denver,

Chicago and Austin. Chris and Tom met

as members of the same study group

during the EMBA program.

n Class of 1997:

Alan P. Bruderer (BBA) is the general

manager for Palo Blanco S.A.

St. Denis J. Villere, III (BBA) is a partner

at St. Denis J. Villere & Co. and just

launched the Villere Equity Fund (VLEQX)

in May 2013.

n Class of 1998:

Doug Spencer (EMBA) is the CFO at

Level 3 Audio Visual LLC.

n Class of 1999:

Branden Mair (BBA) has worked with

AT&T for the past 13 years and currently

serves as a client business manager with

the Department of Defense.

n Class of 2000:

Julio Tamacas (MBA) is the Asia

Pacific credit manager for ExxonMobil

Corporation.

n Class of 2001:

Jean Birch (EMBA) is currently on the

boards of the Children’s Miracle Network

Hospitals and the California Council

for Economic Education. In addition to

her philanthropic work, she is exploring

for-profit board opportunities in retail,

restaurants, healthcare and REITs.

Jeff Drayer (BBA) lives in North Dallas

where he works in IT for IBA consulting.

He also owns and manages six rental

homes.

Alex Stem (MBA) recently moved to

the UK after accepting a three-year

assignment as senior brand manager

for Victor Technologies developing its

Europe, Middle East and Africa business.

n Class of 2002:

Jeffrey Eckmann (BBA) graduated

from Northwestern University with

a master’s degree in information

systems last fall. He is an equity

analyst at Briefing.com.

Leska Parker (BBA) recently moved

to League City, TX, with her family.

Michael Petridis (PMBA) continues

to expand his private jet business

in Southeast Asia and China, with

consulting assignments in Beijing and

Bangkok this summer. Mike also just

completed two years as the Dallas

chapter chairman for the Alliance of

Merger & Acquisition Advisors and

enjoys his time as part of the Cox

Associate Board.

Jim Yuan (BBA) has lived in Shanghai,

China, for the last eight years and is a

managing director for Thomson Reuters.

n Class 2003:

Angela Lee Gieras (MA/MBA)

accepted a position as the executive

director of Kansas City Repertory Theatre,

a LORT B theatre with a $7 million budget

located in Kansas City, MO. This position

has been her goal since leaving her

banking career more than a decade

ago and is a tremendous professional

leadership opportunity. Her husband,

John, was able to transfer to Kansas

City with his current employer. Angela

left the Dallas Theater Center in 2007.

Angela and her family are thrilled about

the move and this opportunity to co-lead

a theatre with inspiring artistic ambition

and a stable foundation for growth.

Josie Godshall Morgan (BBA) and

her husband, Phil, welcomed son Davis

Hamilton Morgan on September 16, 2012.

Josie and Phil live in Houston, where

she is currently the manager of business

development at Bracewell & Giuliani.

C L A S S N O T E S

48

n Class of 2004:

Jason Signor (MBA) is the CEO of

Caddis Partners LLC, named #40 on the

Dallas 100™ list in 2011.

n Class of 2005:

Paige Brown (BBA) moved to Boston

to pursue her startup business, Dashbell.

Kyle D. Goss (BBA) is a principal at Elm

Park Capital Management, a Dallas-

based private investment fund focused

on making direct credit investments in

lower middle market companies across

a broad range of industries.

Michael Kemp (PMBA) recently

became a senior product manager

in product licensing for Microsoft in

Redmond, WA.

Richard Nystrom (BBA) is an analyst

at Barclays.

Delton Smith (BBA) is living and

working in Hong Kong on behalf of

Hyatt Hotels in the real estate and

development group.

Craig Zieminski (BBA) graduated

from Stanford Law School in 2008

and returned to Dallas. He is an

associate in the commercial litigation

section of Vinson & Elkins LLP, where

he focuses on fiduciary duty, antitrust

and breach of contract litigation.

Craig has represented financial

institutions, energy businesses,

commercial landlords, private equity

firms, technology companies,

agribusinesses, manufacturers,

retailers and many others. Craig

married Kasi (BA ’06) in May 2008

at SMU’s Perkins Chapel. They live

in East Dallas and enjoy spending

time with family and friends.

n Class of 2006:

Jessica Anderson (BBA) recently

graduated with her MBA/MHSM

from Texas Woman’s University and is

actively pursuing opportunities in the

healthcare sector.

Orin Atkins (BBA) currently works for

Regency Energy Partners as a manager

of gas supply and commercial. He

returned to Cox this fall to pursue an

MBA in energy finance.

n Class of 2007:

Christine Cockran (BBA) recently

graduated from Santa Clara University

in California with her MBA. After five

years in finance at Apple, she has spent

the last year at Google in the treasury

department.

Zach Stoller (BBA) opened Castle

Spirits, a wine and spirits boutique, in

Lewisville, TX, in 2012.

n Class of 2008:

Christopher Halstedt (BBA) is pursuing

a career in investment management;

he recently started a new position in

Dallas with Goldman Sachs as a private

wealth advisor in the investment

management division.

MaryPat Higgins (MBA) is currently

the president and CEO of the Dallas

Holocaust Museum.

n Class of 2009:

Katie Bartush (BBA) is starting her

orthopedic residency in San Antonio.

Nick Niver (BBA) is currently a senior

consultant at Deloitte Consulting LLP.

Manuel Ortiz (PMBA) is an investor

relations associate with Civitas

Capital Group.

David Overfield (PMBA) was

promoted to vice president of finance

and accounting at Safety-Kleen.

Sarah Taunton (BBA) is attending

medical school at the University of

Texas Medical Branch.

Sunil Varghese (MBA) was recently

hired as the vice president of the

middle market banking group at

BBVA Compass in Dallas.

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n Class of 2010:

Eric Knipp (PMBA) became managing

vice president of application platform

strategy for Gartner Research in 2012.

He and his wife Laura live in Plano,

where they are expecting their third

child in the winter of 2013.

Lindsay Machacek (BBA) is living in

San Francisco and working as a bond

underwriter at CNA Surety.

James Byron Pascoe (PMBA) is the

vice president of ViewPoint Bank N.A.

Stephen Reiff (BBA) has worked for

defense contractor Raytheon as a member

of its finance leadership development

program, and he most recently worked

on Mitt Romney’s presidential campaign

as the director of donor programs for the

finance team. Stephen started the MBA

program at the Darden School of Business

at the University of Virginia this fall.

Karl B. Willard (EMBA) was promoted

to group profit and operations business

manager in the deposit products group

at Wells Fargo, responsible for fee-

based services, customer experience

and efficiencies related to customers’

interactions.

n Class of 2011 :

Daniel Dower (EMBA) is the president

and CEO of Dower Strategic Capital Inc.

Jim Worlein (MBA) is celebrating his

one-year anniversary as an operations

manager for Comverge Inc. in DFW.

n Class of 2012:

John Craig Dawson (PMBA) was born December 25, 1977, in Ottawa, Ontario,

and died May 1, 2013, at home in the arms of his loving wife, Catrina. He was

the son of John and Mary Dawson and the older brother of Mark Dawson, all of

Ottawa. Craig and Catrina married on October 19, 2002, in Milwaukee, WI. They

have one son, John Truman Dawson. Craig graduated from Carleton University in

Ottawa with a Bachelor of Commerce and from Southern Methodist University

with a Master of Business Administration. He worked as a financial analyst for

Xerox and was a member of the Society of Management Accountants of Ontario

and of the AIESEC. Craig and Catrina are members of One Community Church

in Plano. Craig’s faith guided him throughout his life, including his participation

in Kairos Prison Ministry and the Appalachia Service Project. Craig and Catrina

were known for their dinner parties as well as their inclination to perform

surprise good deeds for their friends and neighbors. Known by his friends as a

handyman extraordinaire, foodie and straight-faced amateur comedian, Craig’s

presence on this earth will be sorely missed. Craig died of Stage IV Melanoma,

the least common and most deadly form of skin cancer. Upon his diagnosis four

years ago, Craig committed himself to promoting and participating in research

and clinical trials to find a cure.

Scott Hoffheiser (MBA) is the head of operations, finance and marketing

initiatives for Reviver, a startup consumer packaged goods company in Dallas.

Thomas L. Johnson (BBA) is the owner of X-Treme Tricking & Tumbling LLC

and the director of retail sales, distribution and the special needs program at

Cheer Athletics Inc.

Elizabeth Kegley (MA/MBA) is the new executive director of Merrimack

Repertory Theatre, the award-winning regional theater in Lowell, MA. Elizabeth

follows in the not-too-distant footsteps of Tom Parrish (MA/MBA ’03) who

held the position from 2006-2011. Elizabeth previously served as managing

director of Kitchen Dog Theater in Dallas. n

C L A S S N O T E S

50

COX CONNECTIONS1. January 31: MetroPCS Dallas Marathon and SMU Cox Corporate Relay Challenge awards reception at the Collins Center. Thanks to presenting sponsor Behringer Harvard, awards were made to Texas Scottish Rite Hospital for Children on behalf of the winning relay teams. Pictured: Representatives from Sewell Automotive who won 3rd place for Fastest Team, 1st place for Most Corporate Teams, 1st place for Oldest Team, and 1st and 2nd places for Youngest Team.

2. February 2: The Alley Scholars Forum was held at the Collins Center, with more than 200 students, administrators and company representatives in attendance. Hosting the forum were Troy Alley, Jr. (MBA ’76) and Gerald Alley (MBA ‘75). Pictured: Gerald Alley; Trey Alley, son of Troy Alley and incoming student for Fall 2013; Troy Alley, Jr.

3. February 5: Kevin Hanigan, president and CEO of Viewpoint Bank, welcomes the audience to the 5th annual economic forecast lunch at SMU-in-Plano. Keynote speaker was Cox Dean Al Niemi. The event was co-sponsored by Collin County Business Press.

4. February 7-8: Terry Dallas, EVP and managing director, Wells Fargo U.S. Corporate Banking, welcomed MBA teams from SMU Cox, TCU Neeley and OU Price to the annual Wells Fargo Case Competition. Pictured with Terry Dallas is the winning team from OU Price.

5. February 27: Kevin Dunleavy, managing director forGlobal Clients Services with Morgan Stanley, made a presentation and visited with Cox finance students. Pictured: Dunleavy with Professor Bill Maxwell and Kevin Knox, assistant dean of external relations.

6. March 1: Graduate Marketing Certificate Program (GMCP) graduation, featuring keynote speaker Andrew Wolf (PMBA ’07) with PepsiCo Frito-Lay. Pictured: Jane Ito, Sheila George, Mandelin Meehling, Stephanie McElligott, Douglas DoNascimento, Terri Gibbs, Vivian Sommerfeld, Pamela Tyll, Mary Kelso, Shilpi Gupta, Shelly Hairston, Sarah Bell, Sameer Bansal, Lu Yang, Tamara Wren, Ishrat Jahan, Lynette Finley, Melissa Liedkie, Simms Carbine, Rene Asprion, Elizabeth Hambleton, Chris Schembri, Rosana Loureiro, Jay Wilkins, Mukta Paliwal, Jeanne Long, Natalia Fisher, Kristyn Meade, Natalie Wilson, Winnie Kwon, Christie Gard, Irfan Kawosa, Ana Mehryari, Sean Vestal, with Marci Armstrong and Ginny Shearin.

7. March 5: MBA Scholars and Cox faculty and staff on the floor of the New York Stock Exchange. Pictured: Todd Alsup, Marci Armstrong, Michael Barry, Michael Caplan, Michael Crowley, Chris Cunningham, Kevin Glomb, Johan Sulaeman, Hannah Mendoza, Stephanie Montgomery, Lynda Oliver, Sri Prabhu, Jay Staley, Kim Sweetman, Conor Wagner, Michelle Walla, Daniel Weidich.

8. March 5: Cox Alumni Association and prospective student reception at the Yale Club in New York. Pictured: LouAnn Daggs, John Carter (MBA ’01), John Kent (MBA ’04), Andy Von Kennel (MBA ’03).

9. March 11: Cox Alumni Association and prospective student reception in Chicago. Pictured here: Emily Jurgens (BBA ’03, MSA ’04), Tracey Williams (MBA ’09), Ariel Crispin (MBA ’13), Matthew Struble (MBA ’00, Cox Alumni Association Board of Directors).

10. and 11. March 15: Planned by the international MBA students, the annual International Festival was held at the Collins Center.

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12. March 16: Cox Alumni Association and prospective student and parent reception in Los Angeles, hosted by Leslie (BBA ‘81) and Ed Wilson (Cox Executive Board, SMU Board of Trustees). Pictured: Brady Thomson (BBA ’10) and Clark Bacon (BBA ’04), Cox Alumni Board of Directors.

13. March 20: Houston Alumni at Bayou Club, hosted by Laura and Bill Wheless (MBA ’71, Cox Executive Board).Pictured: Dean Niemi addressing those in attendance.

14. March 21: The Maguire Energy Institute and Amegy Bank-Houston teamed up to present an energy industry update for media, alumni, friends and corporate partners in Houston. Pictured: Scott McLean (BBA ’77, SMU Board of Trustees, Cox Executive Board) welcomes guests to the Amegy Bank office for the presentation.

15. April 2: Mary Gill and Brooke Shelby, co-chairs of the 40th Annual Cattle Baron’s Ball, with the American Cancer Society President Maria Clark, at the Conversations about Cancer Research Symposium hosted by SMU Cox and sponsored by Jennifer and Richard Dix.

16. April 3: The Cox Business Leadership Center (BLC) hosted a lunch and celebrated the school year by recognizing outstanding students and instructors. Pictured: BLC instructors receiving awards. Seated, left to right: George Meza, April Wilson, Genevieve Meek, Edwin L. Cox, Jim Young, Tonya Brenneman. Standing, left to right: Richard Graves, Andrew Hutchison, Joe Jordan, Jim Roach, Craig Haptonstall, Randy Pennington, Mike Bogda, Ed Dawson, Merrie Spaeth, Randy Mayeux, Steve Zipkoff, Dave Gunby, Paula Strasser.

17. April 6: MBA students participated in the Carroll School of Management/Boston College Fun Run to benefit the Doug Flutie, Jr. Foundation for Autism. Pictured: MBA students Liz Schaab, Elizabeth Bauman, Sarah Michels, Jess Morrison, and Andy McIntosh. Also running with the Cox group were Jordan Day and David Murray.

18. April 6: Sherri and Mike Skillman (SMU parents, Cox Executive Board) hosted a reception for members of the Cox Alumni Association and prospective students and parents in Wellsley, Massachusetts. Pictured: Kevin Knox, Liz Schaab (MBA ’14), Mike Skillman, Andrew McIntosh (MBA ’14).

19. April 6: Also attending the Skillman’s reception were Stephen Reiff (BBA ‘10), incoming student Preksha Chowdhary and Jim Bryan (JD ’11), assistant dean of BBA admissions.

20. April 12-14: Duke MBA Rugby World Championship, where the Cox School’s Rugby Club participated for the 14th year.

21. April 19: SMU Founders’ Day: SMU welcomes the George W. Bush Presidential Center. Pictured: Chip Hiemenz (BBA ’06, Cox Alumni Board), Alexis Millenbaugh (BBA ’11, MSA ’12).

22. April 19: Also attending SMU Founders’ Day celebration were Bill Crisler (BBA ’53) and Gerri Noonan.

23. April 25-26: During activities surrounding the George W. Bush Presidential Center dedication, Jim Bryan (JD ’11), Hilary McIlvain (PMBA ‘11) and Kevin Knox, had the opportunity to visit with David Gregory, host of NBC’s Meet the Press.

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24. April 27: SMU Real Estate Club hosted its annual chili cook off. Pictured: Scott Huffheiser (MBA ’12), Reid Cossey (MBA ’13), and Ross Dwulet (MBA ’13), representing the Cox Rugby Club, had the winning recipe and will defend their title next year.

25. May 2: Bank of Texas, sponsor for the Business Leaders Spotlight series, hosted Larry Brown, SMU head basketball coach, as the keynote speaker. Pictured: Kevin Knox, Larry Brown, Norm Bagwell (BBA ’85), chairman, CEO and president, Bank of Texas.

26. May 3: Cara McGarry (PMBA ’04) and Paige Phillips with MillerCoors hosted the year-end MBA alumni, students and friends social hour at the Collins Center. Pictured: Rob Paugh (PMBA ’07), Chris Goodman (PMBA ’10), Glenn Pfenninger (PMBA ’12), Matt Stoltzfus (PMBA ’10), Randy Greer (PMBA ’10).

27. May 15: At the Cox faculty and staff awards luncheon, Peruna made a special appearance to thank everyone for their support and contributions to SMU’s Second Century Campaign. Pictured with Peruna: Lesley Tsuchiya, Sandy Miller, Melissa Place.

28. May 15: Also at the luncheon, Senior Associate Dean Bill Dillon won the Boghetich Family Distinguished Teaching Award, the top faculty award at the Cox School. Pictured: Cody Boghetich (BBA ’07, PMBA ’10), Bill Dillon, Dean Niemi.

29. May 31: The Graduate Marketing Certificate Program (GMCP) held a graduation ceremony for the program ending at the SMU-in-Plano campus. Pat O’Toole (MBA ’07), director of shopper marketing for the grocery channel at PepsiCo Frito-Lay, was the graduation speaker. Pictured: Vaidy Subramanian, Wes McFarland, Randy Hollar, Jordan Schartz, Kati Romines, Art Sanchez, Rafael Ruiz, Richard Barnor, Katie Brown, Cheryl Zapata, Amar Shariff, Brian Nickerson, Marci Armstrong,Gail Bruenning, Ginny Shearin, Jenni McClure, Cheryl Vaca, Sheryl Standifer, Shicara Hollie, Celia Jackson, Lorena Cuellar, Ashleigh Pollock, Mary Leos, Karen Peska, and Kecia Gray.

30. June 13: New York interns’ reception: Max Marshal, Sydney Seid, Molly McGlung, Andy McIntosh, Liz Schaab, (all MBA ’14).

31. June 13: New York event with Royce Wilson (BS ‘09); Paul Foley, SMU parent and Mustang supporter; Wil Danielson (BA ’10); Maggie Miller (BBA ’14).

32. June 13: Also attending the New York event were Marcos Moore and Laura Till (BBA ’82, Cox Alumni Board).

33. June 19: Deployment for Employment, an all-star discussion panel sponsored by Amegy Bank and News Radio 1080 KRLD designed to motivate Dallas business leaders to hire American veterans. Pictured: Stephen Holley, former Navy Seal, now with Jones Lang LaSalle and co-founder of Carry the Load; Matt Hildreth, president, Amegy Bank-Dallas; Clint Bruce, president, Trident Response Group and co-founder of Carry the Load; Mike Rogers, News Radio 1080 KRLD; Sandra Bond Chapman, Ph.D., founder and chief director of the Center for BrainHealth at UT-Dallas; Cpl. Jacob Schick, USMC (ret.), Warrior Training Team at Center for BrainHealth and ambassador for Carry the Load; Chad Hennings, former U.S. Air Force pilot and former Dallas Cowboy. The event was co-sponsored by Dean Niemi’s office and Cox Veterans in Business.

34. June 26: The Shaddock family visits with Dean Niemi. Pictured: Will Shaddock (BBA ’06), Dean Niemi, Bill Shaddock (MBA ’74), Andrew Shaddock (BS ’09, MBA ’13).

35. June 27: Cox Alumni social hour at Sevy’s Grill in Dallas. Pictured: Amber Mahan, Suresh Narayanan, Phillip Eshelbrenner, James Lo (all PMBA ’15). n

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Top 10 Ways To Be Informed,Involved, Invested

Host receptions for Cox alumni, prospective students and parents in your area.

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Become an event sponsor: executive speaker events, tailgates, new student orientation sessions, undergraduate and graduate student club meetings, career fairs and social hours.

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9 Update us on your career and family for the Class Notes section of CoxToday magazine – find it at coxalums.com.

Contact Cox Alumni Association board members in your area. Find the list of board members at cox.smu.edu/web/alumni/cox-alumni-board and on page 41.

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1 Maintain a current mailing and email address in the Cox alumni database. Update it at coxalums.com and subscribe to lifetime email forwarding.

2 Attend Cox events: social hours, Dean’s Tailgates On the Boulevard, reunions, career fairs, educational forums, discussion panels, industry-specific organizations and awards programs. Invite classmates, alumni, friends, family and workmates to join you. Find our calendar of events at cox.smu.edu/web/alumni/event-calendar.

3 Help recruit students for Cox undergraduate, graduate and executive education programs.

4 Encourage employers to hire Cox students and alumni for internships, project work, and part-time and full-time job opportunities.

5 Make a gift to the Cox Annual Fund and ongoing capital campaigns.

Purchase Cox logo merchandise from our online collection (not available in stores) at cox.smu.edu/alumni.

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Southern Methodist UniversityCox School of BusinessP.O. Box 750333Dallas, Texas 75275-0333

Address Service Requested

Download the CoxToday mobile app for iPhone, iPad, Android and Kindle Fire. Would you rather receive CoxToday electronically? Let us know: communications@cox.smu.edu.

Take your career to the next level at SMU CoxMBA Fall Preview Day - November 9, 2013For more information, visit coxgrad.com.

MBA Programs

n Full-Time: 22 months; starts each fall

n Professional: 24 months, evenings and weekends; starts each fall and spring

n Executive: 21 months, Fridays and Saturdays on alternating weekends; starts each fall

Specialized Master’s Programs

n Master of Science in Accounting 9 months, full-time (part-time option available); starts each fall and spring

n Master of Science in Business Analytics (New for Fall 2014) 9 months, full-time; starts each fall

n Master of Science in Finance 9 months, full-time; starts each fall

n Master of Science in Management 9 months, full-time; starts each fall

n Master of Science in Sport Management 12 months, full-time (evening/weekend classes available); starts each fall

For more information, visit coxmasters.com.