Loyola Executive Fall 2010

COLLEGE OF BUSINESS MAGAZINE LOYOLA UNIVERSITY NEW ORLEANS FALL 2010

THE BUSINESS PORTFOLIO PROGRAM PREPARES STUDENTS FOR SUCCESS • STUDENT INVESTMENT FUND YIELDS BIG DIVIDENDS

SPIRITUAL CAPITAL LEADER HONORED FOR SERVICE • NEW GRADUATES BEGIN LIFE AFTER COLLEGE

From Farm to MarketLocal MBA Team Takes Home “Best Consulting” Trophy

ExecFall10Cover_SummerCover 9/13/10 8:19 AM Page 3

LOYOLA UNIVERSITYNEW ORLEANS

Loyola University New Orleans PresidentThe Rev. Kevin Wm. Wildes, S.J.

College of Business DeanWilliam Locander

Director, Portfolio & InternshipsKathy Barnett

Associate DeanAngie Hoffer

Development Officer College of BusinessTraci Wolff

Loyola Executive EditorPublications Editor

Ray Willhoft ’00

Loyola Executive DesignerCraig Bloodworth

PhotographerHarold Baquet

Contributors

Kathy BarnettWilliam Locander

ExecFall10_2-5_128_loyolaSpring_2-4 9/13/10 8:22 AM

COLLEGE OF BUSINESS MAGAZINELOYOLA UNIVERSITY NEW ORLEANSFALL 2010 • VOL.3 • NO.2 • WWW.BUSINESS.LOYNO.EDU

COVER FOCUS6 From Farm to Market

FEATURES10 The Missing Link?

The Business Portfolio Program

12 Students Investing in OtherStudents

14 Seeing Through Merlot-coloredGlasses

18 Surviving and Thriving

20 A Man for Others

26 Life after College inHong Kong andJackson Square

Loyola Executive is published bi-annually forLoyola University New Orleans College of Business

alumni and friends.Please address correspondence to:

Loyola ExecutiveOffice of the Dean

6363 St. Charles Avenue, Box 15New Orleans, LA 70118

News and photographs for possible use in futureissues may be submitted by readers.

POSTMASTER: Send address changes to:Loyola Executive

Loyola University New Orleans7214 St. Charles Avenue, Box 909

New Orleans, LA 70118

Loyola University New Orleans has fully supportedand fostered in its educational programs,

admissions, employment practices, and in theactivities it operates the policy of not discriminatingon the basis of age, color, disability, national origin,race, religion, sex/gender, or sexual orientation. Thispolicy is in compliance with all applicable federal

regulations and guidelines.

ExecFall10_2-5_128_loyolaSpring_2-4 9/17/10 3:59 PM

Never before in history have political, economic, social, and cultural

changes had such truly global significance. Your continued support

ensures that our students remain at the center of these exciting changes.

Please contribute today to the College of Business Annual Fund.

One gift, no matter the size, each and every year—

thank you for being .

Visit giving.loyno.edu or call us at (504) 861-5840 and

give to the College of Business Annual Fund today.


This issue is full of choice tidbits about all the activities in the College ofBusiness. We, as a college, are particularly proud of our New Orleans-area MBATeam that tied for first place with Cornell University in the Nation’s Top Talent forEntrepreneurship Festival and Competition. Our undergraduate student investmentfund continues to out-perform the market as our students try to make money intough times.

The new Center for Spiritual Capital was launched with a banquet honoring Mr.Alden J. “Doc” Laborde for his distinguished career as an entrepreneur and leader.It was a grand evening with more than 200 people in attendance. The evening wastruly a celebration of Doc’s career and the induction of the concept of SpiritualCapital.

Our graduating Class of 2010 took jobs close to Loyola and far away—like HongKong. As our students move around the globe, I know that they will represent us asethical stewards, whatever career path they come to choose.

Lastly, don’t miss the story on our Portfolio Program—the “Missing Link.” TheCollege of Business is implementing this program to prepare students for finding andexcelling in a job after graduation.

Enjoy the photos from our Annual CoB Alumni Luncheon, Annual CoB SpringPicnic, May Awards Ceremony, and the SeniorReception for the College of Business graduates.

Sincerely,

William B. Locander, Ph.D.College of Business Dean

Fall 2010 www.business.loyno.edu 5

From the Dean


6 Loyola Executive

John Burns, a local New Orleans entre-preneur, credits much of Jack and Jake’sLocal and Organic Market’s recent start-up strategy success and momentum to anMBA team made up of Loyola UniversityNew Orleans, Tulane University, andUNO students.The local MBA team claimed first place

along with Cornell University at this invi-tation-only entrepreneurship consultingcompetition. An honor indeed becausethe list of also rans included MBA teamsfrom California Berkeley, Northwestern,Stanford, and the University of Chicago.

The competition was hostedby Idea Village, a New Orleans

nonprofit that promotes, encourages, andfuels entrepreneurship in the city. Theteam was tasked with providing businessstrategy and consulting services to Jackand Jake’s Local and Organic Market. Jackand Jake’s bills itself as the future of sus-tainable foods in New Orleans. The newmarket, at 8300 Earhart Blvd., will fill avoid in the Carrollton/Hollygrove area forfresh, local, and organic food markets.And if you’re thinking that the name ofthis new and innovative enterprise is sim-ply derived from the two founders’ names,well, you would be wrong. Jack and Jakewere actually the two mules that were partof the first plow team on one of the

From Farm to Market

ExecFall10_6_9_128_loyolaSpring_5_9 9/13/10 8:24 AM


Local MBA Team Takes Home“Best Consulting” Trophy

founder’s old family farms. A piece of his-tory lives on. The local New Orleans team that

walked away with one of the top spots wasmentored by Dr. Brett Matherne, theLoyola Chase Minority EntrepreneurshipDistinguished Professor. The MBA teamdelivered an Operational Plan thatenabled Jack and Jake’s to bring producefrom local vegetable farms to their retailstore in just three days. Other grocerychains deliver in 7 to 14 days. What dis-tinguished the local MBA team was theirdetailed knowledge of the entire valuechain and the associated operational logis-tics (warehousing, transportation, infor-mation flows, operating expenses, etc.).

When the judges drilled down with ques-tions, the team was ready with accurateanswers. Students designed a system ofwarehousing that minimized terminal timeand tracked inventory throughout theentire system with the appropriate sourc-ing grower and farm. Figure 1 shows theirwarehouse to routing store system. Thewarehouse system was strategicallydesigned as a significant component of theplan. So successful was the MBA designthat Jack and Jake’s founders were able touse the model to find a better, more effi-cient warehouse space that they had notoriginally considered viable. Matherne attributes the team’s successto the fact that “Idea Village provid-

Figure 1


8 Loyola Executive

ed our local MBAstudents the opportu-nity to participate inthis nationally recog-nized event with veryhigh profile entrepre-neurs. Our localMBA students tookadvantage of thatopportunity to showthat they cannot onlycompete with MBAstudents from thebest programs nation-ally, but that theycan win in a head-to-head competition.They were trulyentrepreneurial inseizing this rareopportunity.”

According to Loyola MBA andStudent Team Leader Christynn Vierra,who engineered the local teams’involvement in the event, MBA teamsspent 40 hours working together withapproximately 10 hours spent on grouppreparation time. Students also workedprior to the event week with the entre-preneur in order to complete the neces-sary preparation research.Entrepreneurship Week included severalsocial events and workshops where stu-dents had the opportunity to engagewith other graduate students f romaround the country and distinguishedindividuals from both government andprivate sectors.

Experiences such asthis one provide stu-dents the opportunityto apply what theyhave learned in theclassroom to real-world business opera-tions. Kelly Spear,another Loyola MBAteam member, saidthat the most valu-able part of the proj-ect for her was toexperience first-handthe vast amount ofwork that goes in tooverseeing a start-up,or any other business.“The amount of infor-mation and detailrequired in succeed-

ing in such an enterprise is something I’vecaught glimpses of from my work experi-ence and classes but I have never beforeexperienced a project of this intensity.”

The old adage often repeated by moth-ers to “eat your veggies, they are good foryou,” takes on real meaning for shoppers atJack and Jake’s. Fresh vegetables from thegarden are really good for you, and we canthank our local MBA team for providingus that opportunity.

Congratulations go to all of the LoyolaMBA students who participated inEntrepreneurship Week: Brian Danos,RaShaud Haines, Michael Pitre, BarrowReedy, Kelly Spears, and ChristynnVierra.

“Idea Village provided our localMBA students the opportunity toparticipate in this nationallyrecognized event with very highprofile entrepreneurs. Our localMBA students took advantage ofthat opportunity to show that theycannot only compete with MBAstudents from the best programsnationally, but that they can winin a head-to-head competition.”

—Dr. Brett Matherne,Chase MinorityEntrepreneurshipDistinguished Professor



Dr. Brett Matherne brings an entrepreneurial spirit to the classroomThose who know Brett Matherne,

Ph.D., Chase Minority EntrepreneurshipDistinguished Professor, describe him as aninnovative, entrepreneurial, and devotedteacher. The journey to earn such descrip-tors took Matherne through years of work-ing in his family’s business and as a com-mercial banker. But, the itch to reinventhimself was satisfied when he and his wife,Yvonne, decided to return to the Ph.D.program in business administration (strate-gic management) at Georgia StateUniversity in 2004. A few teaching awardslater and he was off to the University ofDayton and then on to Loyola UniversityNew Orleans in 2005.

Matherne has a passion for students ingeneral, but is particularly interested inencouraging their entrepreneurial skills.This might stem from his work as a con-sultant with Westinghouse Corp., UPS,and DynMcDermott, as well as manyentrepreneurial firms in the New Orleansarea. He brings a wealth of real-world expe-rience into his classes from his prior workas controller in hisfamily’s business,c o m m e r c i a lbanker, andSmall BusinessDevelopmentCenter coun-selor. He alsohas been ani n v i t e d

speaker to various groups to lecture aboutentrepreneurship issues and corporate gov-ernance failures in the financial downturn.

Matherne’s research has been published inJournal of Business Venturing, EuropeanManagement Journal, Journal of ManagementEducation, Academy of Management Executive,Academy of Management Perspectives, andJournal of International Entrepreneurship. Hisresearch is cited in more than 80 otherpublications and in five different lan-guages. His research is primarilyfocused on entrepreneurial infrastruc-ture mechanisms and strategic change.His current research includes entre-preneurial actions during business dis-ruption (Hurricane Katrina) andstrategic responses in the cinemaindustry and community-based entre-preneurship research in response toHurricane Katrina.

Matherne primarily teaches the BusinessPolicy class for undergraduates and GlobalStrategy for MBAs. He infuses both classeswith case discussions of companies and cur-rent business press articles and requires stu-dents to perform environmental and strate-gic analyses of these businesses. He alsoincorporates a computer simulation so thatstudents understand the financial tradeoffswhen businesses implement strategy. Inaddition to the strategy classes, he teachesvarious entrepreneurship courses includingNew and Small Venture Development,Business Plan Development, and Individualand Corporate Entrepreneurship.

It is no wonder that Matherne’s studentsdo so well because in addition to all of theabove, he has a positive “can do” attitudewhen it comes to inventing or re-inventinghimself and those around him.


10 Loyola Executive

The Missing Link?The BusinessPortfolio Program

ExecFall10_10_11_128_loyolaSpring_10_17 9/13/10 8:26 AM Page 2


So you’ve finished your four years at college andyou have your diploma in hand. Now what? Find ajob? Go to graduate school? Travel around Europe?Move home and live in your parents’ basement?These are all options available to recent grads (somemore appealing than others perhaps), but what isthe correct answer? The College of Business’Business Portfolio Program seeks to helpundergraduate students find the answer that’s rightfor them long before they don the cap and gown atgraduation. The Portfolio Program is moving into its second

year to include the incoming freshman-year classand the sophomore class. The 2010 freshman-yearprogram will focus on the college’s established andvery successful ExecutiveMentoring Program with eachfreshman assigned a mentor fromthe local business community.Freshmen have a chance to findout about business life first-handthrough small group meetings,field trips, and other professionaloutings with their executivementor. The freshman program will also includespeaker Patrick Combs, author of Major in Success,an insightful book written for college students tomake the transition to college life a little lessoverwhelming and most importantly, a guide tomaking the most of one’s college career. Studentswill also take Career Leader, an online careerassessment, to assist them in discovering what theirinterests are and how those interests fit into a viablecareer. Because so many students are still generalbusiness majors at the end of their second year,Career Leader and other assessments will help pointthem to a more specialized field or even reaffirmcareer choices they’ve already made. Sophomores, who have already started to design

their career portfolio during their freshman year, will

focus on resume writing, dining etiquette, anddeveloping an internship search plan. Sophomorestudents will have additional opportunities toexplore their career interests and shape their careerplans through a series of optional workshops coveringa diverse range of topics such as entrepreneurship orestablishing credit and other important areas ofpersonal finance. Research in career developmentpoints to the importance of having students in thesophomore year compose and refine the beginning ofwhat will be their senior resume—that documentthat either gets them the interview or doesn’t whenit’s time to start the job search. Students in thesecond year of Portfolio will receive one-on-onecoaching in developing their resumes and will be

required to post their finished product on the CareerDevelopment Center’s website. And why the “Missing Link” title for this article?

Well, that came from a conversation with a recentalumnus about the implementation of the PortfolioProgram. After hearing about the program, hethought for a moment and said, “You know, this isthe missing link in Loyola’s business program. I hada great four years at Loyola—great teachers andclasses and I made lifelong friends. But when Ifinished, I just sort of looked around and thoughtnow what? This is the program I wish was in placewhen I was in school.” The Business Portfolio Program gives students

the tools for career success. The missing link hasbeen replaced.

“Whether it’s running a multinational corporation,working in a local accounting firm, or owning their ownbusiness, we want students to discover their passion andmap out the road to achieving a successful career—however they define success.”

—CoB Dean William Locander


12 Loyola Executive

Students Investing in Other

Professor Ron Christner, Ph.D.,and 2010 scholarship recipientEmilie Tate Mckevitt



In a previous issue of Loyola Executive, we told you about the College of Business’ Student-ManagedInvestment Fund class. The class, taught by finance professor Dr. Ron Christner, challenges students to applyinvestment and portfolio concepts in order to manage a $100,000 securities portfolio, funded by Loyola

University New Orleans. The students debate and select funds based on theirresearch and understanding of market principles. Since its inception, thestudent-managed fund has experienced consistent growth, and the investmentfund arrow continues to point in only one direction—up. Don’t you wisheveryone’s funds were so successful?!

To mark the success of the fund, the CoB, at Christner’s urging, earmarkedsome of the capital for a scholarship to be awarded at the annual student awards

ceremony. The purpose of this particular scholarship is to promote excellence in the field of business byoffering incentives to talented students. The first Student Investment Fund Scholarshipwas awarded in May2010 to an undergraduate student based on criteria that included student classification, grade point average,and need for financial assistance. Students had to submit their resumes and applications in order to competefor the award. The recipient of the 2010 scholarship was Emilie Tate Mckevitt, a junior accounting studentwith a stellar GPA.

The investment class provides students with the opportunity to sharpen and apply their critical thinkingskills to real-world investment experience. Depending on the size of the class, the students are divided intogroups. Each student in the group conducts an in-depth analysis of one stock in an industry sector. Thestudents then turn in bi-weekly reports where they evaluate the performance of their individual stocks andsectors relative to an appropriate index. According to Kevin Wojton, a recent finance major (Chinese studiesminor) graduate, the spring 2010 Student-Managed Investment Fund class researched and debated and addedto the stocks that were purchased in the inaugural class. Based on student recommendations, the followingstocks were added:

Recommendations

Amount of Current Gross Name Ticker Buy/Sell Shares Price Investment

Ford F Buy 200 12.93 2586First Solar FSLR Sell 40 N/AIshares Euro FXE Buy 15 136 2040Duff Phelps DUF Buy 100 17.41 1741Citi Group C Buy 1400 3.53 4942Activision/Blizzard ATVI Buy 100 11.11 1111SPDR Gold GLD Buy 20 109 2180

Total Gross Investment to be added to the Portfolio= 14600

The students who have participated in this class since its inception can all share in the fund’s success. Whata value-added experience managing a fund brings to students’ academic learning and understanding, and byadding the scholarship component to the fund, another dimension of student investment is added.

Students


14 Loyola Executive

Seeing Through

“Making a profit fromsuch a small operationis not that easy,but I do it for thelove of wine andthe experience.”

—Ron Christner, Ph.D.


Ron Christner, Ph.D., might be accused of

living the double life of finance professor and

part-time vineyard owner. Actually, Christner

lives a full life with two passions, and he sees

both glasses as half full: 1) teaching students to

invest in stocks and real estate and 2) bottling

the best California merlot wine that his

vineyard can produce.

Christner has been a professor at Loyola

University New Orleans since 1977, teaching

and researching in the areas of investment,

real estate, and risk management. He

approached College of Business Dean

Bill Locander about a year ago to

suggest that Loyola supply “real”

money (not a simulation) for students

to manage. A little over a year later,

the course is yielding strong returns

in the form of student learning

and monetary gain. At last

count, Loyola students had

a 32-percent return on

invested funds. These

results prompted Christner

and his students to create a

scholarship for a Loyola

undergraduate from the

earnings and to do it every

year where the earnings

passed a threshold amount.

Christner’s other glass is

literally filled with merlot.

Years ago, he invested in a

small vineyard in California—

C Squared Vineyard. The winery is located

in Bennett Valley (Sonoma) producing 300

– 400 cases of premium quality merlot

from three acres of vineyards (see

www.csquaredwinery.com). His love of wine led

him to take the risk of growing grapes and

entering a business where making a profit can

be difficult. Christner says that “making a profit

from such a small operation is not that easy, but

I do it for the love of wine and the experience.”

Christner would not go as far as calling it a

hobby because there is real money at

stake, but he says that those trying

the same approach to the wine

business should not quit their day

job. Loyola is very happy that he is

staying with his day job in the CoB.

Seeing glasses as half-full

reflects Christner’s positive

attitude toward both

students and grapes. His

students are doing well by

creating scholarships for

fellow classmates, and his

2007 merlot wine was just

given an excellent quality

rating of 92 points by Wine

Enthusiast Magazine.

So, for Christner, seeing

life through merlot-colored

glasses has produced

dividends for his students and

his wine customers.

A toast to you, Ron!

Merlot-colored Glasses



16 Loyola Executive

Spring(and Saints)FeverThe Annual CoB Spring Picnicbrought out a bit of the Saintsin all of us!

And the fried chickenwas really good too!

CoB Who Dattitude! Lunch gets a thumbs up!

Director of Student Records Katharine McNair andAssociate Dean Angie Hoffer are all smiles when itcomes to the Saints—and work too of course.


creo


Dr. Mike Pearson shows off hisSaintly Hawaiian wardrobe.

Students always love a good picnic!

Students, staff, and faculty show their Who Dat Nation spirit.


18 Loyola Executive

The Loyola University New Orleans College ofBusiness Alumni Board took a candid look at issuesvital to businesses wishing to relocate to New Orleansor stay in the city at its 25th Annual CoB AlumniLuncheon on March 26. Louisiana StateSuperintendent of Education Paul Pastorek ’76, J.D.’79, Ochsner Chief Operating Officer Patrick J.Quinlan, M.D., and GCR & Associates CEOGregory C. Rigamer served as panelists for thediscussion about “Surviving and Thriving: A BusinessFocus on Housing, Healthcare, and Education.”Television and radio host Monica Pierre moderatedthe discussion.

The CoB also honored Saints Executive Vice

President and Chief Financial Officer DennisLauscha, M.B.A. ’99 as outstanding alumnus of theyear, and Ryan Brach, M.B.A. ’03 as young alumnusof the year.

Pastorek, an attorney, was appointedsuperintendent in March 2007 by the State Board ofElementary and Secondary Education and is aproponent of school choice and accountability. Priorto that, he was appointed to serve as general counselto NASA by President George W. Bush in 2002.

Quinlan, who has served as CEO of Ochsner since2001, was named the most powerful physicianexecutive in the nation by Modern Physician magazinein 2007 and oversees more than 600 physicians and

Surviving and Thriving Health care and e

Ryan Brach ’00, M.B.A. ’03 was honored asYoung Alumnus of the Year.

CoB alumni catch up withone another.

Brach shares his award with family and friends.



education leaders headline Annual CoB Alumni Luncheon

medical training programs for more than 200 interns.Rigamer established the consulting firm GCR &

Associates, Inc., in 1979, a company of more than150 professionals specializing in building informationmanagement systems to support critical decision-making processes. Rigamer is a renowneddemographer and is actively involved in post-Katrinacommunity recovery and rebuilding programs.

Lauscha joined the Saints as CFO in 1998, and hebalances many roles within the organization as well aswith owner Tom Benson’s business ventures. He is theprincipal liaison with all club vendors and overseesseveral administrative and operations departments. Inaddition to maintaining the team’s finances, Lauscha

supervises the Saints’ human resources, informationtechnology, and facilities and grounds departments.Lauscha is the Saints’ lead in negotiations withgovernmental and Super Bowl officials, arepresentative at National Football League owners’meetings, and an active participant in themanagement of Benson-owned WVUE-TV.

Brach is a Metairie, La., native and a successfulfranchise business developer. Since graduating fromLoyola’s MBA program, Brach has held importantpositions in the business end of Rotolos, RaisingCane’s, and Planet Beach companies, supervisingfranchise openings and strategic planning. Now, he isdeveloping a new line of pizzerias.

Panelists Gregory Rigamer (CEO, GCR & Associates) Patrick Quinlan, M.D.(COO, Ochsner Health System), and Paul Pastorek ’76, J.D. ’79 (Louisiana’sState Superintendant of Education) spoke to “Surviving and Thriving: A BusinessFocus on Housing, Healthcare, and Education.”

Dennis Lauscha, M.B.A. ’93, the 2010 Alumnusof the Year, University President Kevin Wm. Wildes,

S.J., Ph.D., and Olivia Ventola ’99,president of the CoB Alumni Board

Tom Kloor ’52 andFloyd del Corral ’51


20 Loyola Executive

A Man for Others

The newly founded Loyola University New Orleans Center for Spiritual Capital hosted itsfirst lifetime achievement dinner, recognizing one of its founding members, Alden J. “Doc”Laborde. According to College of Business Dean William Locander, “Here is a man who hasput spiritual values first in both his personal life and professional relationships, and it has paidoff handsomely.”

Laborde was born in 1915 in Vinton, La. He grew up in Marksville where life centered onfamily, school, and the local Catholic church. Despite growing up in the depression, he has

Alden J. “Doc” Laborde celebratedfor his commitment to values and service

“Ethics is an absolute term applying to all activities.The ethical conduct of any enterprise depends on themorals of those who have accepted leadershipresponsibilities and how that is transmitted to the othermembers of the enterprise. I firmly believe that moralityhas its foundation in spirituality.”

—Alden J. “Doc” Laborde



fond memories of his childhood. His parents were school teachers and administrators. He wasoffered an appointment to Annapolis and graduated from there in 1938 in the top 15 percentof his class. When World War II began, he was quickly assigned to sea duty, commandingthree combat vessels, first in the North Atlantic, then in the Pacific. He retired from activeduty in 1946 with the rank of commander and returned home to his wife, Margaret, and theirtwo-year-old child.

While looking for a civilian career, Laborde decided to try his luck in the fledgling oil


22 Loyola Executive

industry in Louisiana. Despite his training and experience, he started as a roustabouton a drilling rig. His abilities and knowledge became readily apparent to everybody inthe crew as he began to develop solutions to any and all problems on the rig. Heearned the name “Doc” which stuck with him for the rest of his life. When theoffshore development began, he joined Kerr-McGee Oil Company as marine

superintendent, where he soonbecame convinced that theoffshore drilling method in use,that of building piling platforms foreach new well, was very costly andinefficient. He believed that amobile unit, which could be movedfrom well to well, would be muchmore efficient and that it wasfeasible. Kerr-McGee’s engineersdid not agree with his concept. So

at great personal risk to himself and his growing family, he resigned in order to pursuehis dream.He was unable to convince any

of the other oil companies drillingat the waters edge of his idea.However, a small oil operator,Murphy Oil, agreed to invest$500,000 for a 50-percent interestin his new company. OceanDrilling and Exploration Company(ODECO) was born and so,consequently, was a new industry. As the offshore drilling industry

grew, the demand for support vessels to service the rigs grew even faster. It becameobvious to Laborde that a new design for these vessels was needed. He developed a

concept and assembled a group of10 friends to finance and build thefirst such vessel and TidewaterMarine was born. Such a highdemand developed for theirvessels that it soon becameobvious that he could notcontinue managing ODECOwhile developing Tidewater. Hecalled on his brother, John, totake over the company and, under

John’s management, Tidewater grew and prospered to the point where today it isthe largest owner and operator of service and supply vessels in the world.

Dr. Nick Capaldi, Anne Milling, “Doc” Laborde, Frank Purvis

John Levert, Dean William Locander, “Doc” Laborde

Bill Ryan, the Hon. Moon Landrieu ’52, J.D. ’54, H ’77, H ’05, Pam Ryan



Following his retirement at age 61, Laborde was able to enjoy spending moretime with his wife and children, but he was soon back to work. He served on boardsboth public and private and in numerous capacities for philanthropic andeducational institutions and particularly the Catholic church. His work for thechurch started in his own parish as a founding member of the St. Vincent de Paul

Society, where he still remains anactive member. His commitmentto the Catholic church in NewOrleans grew, as did hisfriendship with ArchbishopPhilip Hannan. The two WorldWar II veterans remain the bestof friends to this day.In 1985, at the age of 70,

Laborde was inducted into theUnited States Business Hall of

Fame. In describing his accomplishments, it was stated that he was among the veryfew who had founded two New York Stock Exchange firms. While in his 80s, hefounded a third company, GulfIsland Fabrication. Today, at 94years old, Laborde drives to theoffice every day to check thestock reports, catch up on theWall Street Journal, and overseethe daily business of All AboardDevelopment Company. His lifewas built on a foundation of faithand family. When asked in aninterview with Professor Nick Capaldi what he thought about the state of businessethics today, his reply was, “I do not believe there is such a thing. Ethics is anabsolute term applying to all activities. The ethical conduct of any enterprise

depends on the morals of thosewho have accepted leadershipresponsibilities and how that istransmitted to the other membersof the enterprise. I firmly believethat morality has its foundation inspirituality.”Laborde has five children, 18

grandchildren, and a large andgrowing group of great-grandchildren and, at age 94,

remains active in business, family, civic, and religious activities. He is truly “A Manfor Others.”

“Here is a man who has put spiritualvalues first in both his personal life andprofessional relationships, and it has paidoff handsomely.”

—CoB Dean William Locander

Teresa LeBlanc, M.B.A. ’82, Dr. Nick Capaldi,Barry LeBlanc, M.B.A. ’82, Tom Kloor ’52

John Levert, Bettie Arnold, “Doc” Laborde, Anne Levert,Alan Arnold ’64, M.B.A. ’71


The annual Fall CoB Picnic is always an opportunity

for faculty, staff, and students to take a break from their

usual day-to-day schedules and studies and have some

good food and great fun!

24 Loyola Executive

Laura Reyno

lds,

Dean’s Honor

Award;

Dean Bill Locan

der

Jason Barber

io,

John X. Wegmann

Award

for the Outsta

nding

Baccalaure

ate Gradu

ate;

Associate D

ean Angie

Hoffer

Brian P. M

uller,

Outstandin

g Full-time

MBA Graduate;

Stephanie

Mansfield,

MBA Director

Blake Fullm

er,

Outstandin

g Part-time

MBA Graduate;

Stephanie

Mansfield,

MBA Director



May Awards Ceremony

Daniel Ocariz

,

Sarah Coope

r, Beta Gamma Sigma

Outstanding Junior A

ward

Jourdan McCullough,

Delta Sigma Pi

Outstanding Member A

ward,

Justin Marocco

Justin Marocco,

Bianca Paggi,

Beta Alpha

Psi

Outstanding Sopho

more Award

The College of Business recognizes the accomplishmentsof its very talented student body every spring at the annualCoB Awards Ceremony. These photos are a smallrepresentation of the many students who have worked sohard and accomplished so much during their time at Loyola.


26 Loyola Executive

Auditor, account executive, analyst, law schoolstudent: all new titles for newly graduated LoyolaUniversity New Orleans business students startinglife in the real world after four years as collegestudents. Their work takes them from Hong Kong toLos Angeles, Calif., and all points in between.

Jordann Webster ’10 , internationalbusiness/marketing graduate, has long dreamed ofworking in Asia, and that dream became reality whenshe landed a job in Hong Kong working for M & CSaatchi, a global advertising agency with 22 offices in16 countries. Webster is currently a regionalmanagement trainee and after three months will beplaced in a position based on where her likes andtalents most benefit the needs of the company.

As a regional manager trainee, Webster will spendtwo to three weeks in various departments and willtravel to M & C Saatchi offices in the Asia Pacificregion, soaking up as much as she can about the adbiz—research, client services, production, strategicplanning, etc. She credits networking with findingher dream job. On a visit to Hong Kong over theChristmas break, Webster was fortunate to meet thecompany’s CEO and during the conversationexpressed her passion and career ambitions to work inthe marketing field. The CEO offered to mentor herand gave her some homework to do. In an effort tocomplete the “assignment,” Webster gave seriousthought to where to live and work and the kind ofmarketing work that interested her. The dialogbetween the two continued, ultimately leading to anextended conversation about career opportunities

Journey to the Far East

Life after College in



with M & C Saatchi. Webster is thrilled

with the idea of livingand working in HongKong and theexperiences that a newculture and way of lifewill bring her way. Asshe says: “There is norule book for marketingin Asia, so to be able to produce new and innovativemethods for bringing products and services, both oldand new, to the Asia-Pacific region is truly exciting.”And what advice does she have to offer the Class

of 2011 when it comes to the job search? “Startsearching for a job early, and by that I mean thebeginning of your senior year at the latest. Searching

for a job takes a lot oftime and effort. I’drecommend starting atthe end of your junioryear and summer beforesenior year.” Websteralso suggests signing upfor career networkingsites such as “linked in”and “KODA” at the

same time. And of course, follow her lead andnetwork. “Students can develop their network bybeing involved on campus through studentorganizations like LIBO, professional fraternities, ortheir professors. These and other organizations canprovide students with contacts and access tocompanies and local business people who could be

Hong Kong and . . .

“Students can develop their network bybeing involved on campus through studentorganizations like LIBO, professionalfraternities, or their professors. These andother organizations can provide studentswith contacts and access to companies andlocal business people who could be the keyto a future internship or job.”

—Jordann Webster ’10


28 Loyola Executive

the key to a future internship or job. Also, do not ruleout friends and family members from yournetworking community—who knows you betterthan a good family friend or relative? These are thepeople who can go out on a limb and speak on yourbehalf.”

Rebecca Duckert ’10, M.B.A. ’10 didn’t haveto travel quite as far as Webster to find her life aftercollege career. Duckert landed at the historicCabildo Museum in Jackson Square as assistantdirector of Friends of the Cabildo. After an intenseinterview process with board members and Cabildostaff, Duckert was offered the position—just in timefor graduation.

Her education and work experience made her a

viable candidate from the start. She holds a B.A. inhistory, with a minor in visual arts, and an M.B.A., allfrom Loyola University New Orleans. “One of thelargest components of my job is volunteercoordination, recruitment, and scheduling. I havedone a good bit of volunteer work, including therequired volunteer component for the MBAprogram, so I could already appreciate what goes onbehind the scenes.” Part of her job takes her intoretail management overseeing the 1850 HouseMuseum store located in the Cabildo. There she willserve as buyer to employee trainer—whatever the dayholds.

Her previous work experience in both nonprofitand early education figured in as well in landing thejob. As Duckert says, “Working in early childhoodeducation, I have learned all about PATIENCE,

Closer to Home

Jackson Square



c o m p a s s i o n ,adaptability, and toalways expect theunexpected. Thinkabout it. If I canhandle a roomful ofthree-year-olds, I canhandle anything.”Although only on the

job a few months, Duckert is already planning specialevents and fundraising activities. She is a developinga courtyard concert series at the moment aimed atbuilding new membership among a youngerdemographic. “This job keeps me very busy!” addsDruckert. A very nice way to end one’s academiccareer—working for a nonprofit organization that hasprovided so much enjoyment and historical

significance to analready interestingcity like New Orleans.

While we’ve put thespotlight on just two,

many of our recent grads have made the successfultransition from college to career. You will find themworking from Los Angeles, Calif., to New York City,N.Y., for companies including the Los Angeles Times,Credit Suisse Bank, and Citi Group to law andgraduate schools around the country. We will missthem, and we wish them well as they start a new andpromising journey.

Everywherein Between

“One of the largest components of my job isvolunteer coordination, recruitment, andscheduling. I have done a good bit ofvolunteer work, including the requiredvolunteer component for the MBAprogram, so I could already appreciate whatgoes on behind the scenes.”

—Rebecca Duckert ’10, M.B.A. ’10


creo

As is the tradition in the College of Business, the freshman

Class of 2013 participated in the annual Wolves on the Prowl,

Loyola’s national day of community service. Wolves on the

Prowl, held every fall, works toward the Ignatian tradition of

being men and women for and with others in communities

across the nation. Students were involved in various

community service projects including school beautification

in New Orleans public schools.

SeniorReception

30 Loyola Executive

What would graduation be without aparty? The CoB hosts an annual seniorreception giving our graduates a Loyolasend-off with great Louisiana cuisine andthe good company of family, friends,faculty, and staff.


Campus Box 9097214 St. Charles AvenueNew Orleans, LA 70118-3565

Nonprofit Org.

US Postage

PAIDBurlington, VT 05401

Permit no. 185

Earn an MBA in the evenings. It’s ideal for businessundergraduates and working professionals.

For more information, visit www.business.loyno.edu/mba orcontact us at (504) 864-7965 or [email protected]

Unlock your Potential. Master your Future. Loyola MBA

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Loyola Executive Fall 2010

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