Monday, July 28, 2008

A Message from Dean Salvatore F. Sodano


The inaugural issue of the Frank G. Zarb School of Business e-Newsletter was greeted with an enthusiastic response. Widely distributed to more than 11,000 recipients, this newsletter updates students, faculty, alumni, business school deans, and professionals on the Zarb School's wealth of activities and accomplishments.

I'd like to take a few moments to review the exciting developments of the spring semester as we look ahead to another dynamic academic year at the Zarb School.

  • The success of our business school very much depends on the active support of our alumni. During my first two years as dean, I have traveled across the country to meet with many Zarb alumni. Their message to me was clear: They are interested in what is happening at the Zarb School, and they would like to help. In response, we took a look at how we can strengthen the network. It gives me great pleasure to announce that Edward G. Watson (M.B.A., '89) has graciously agreed to serve as president of the Zarb School Alumni Association, a cohesive and comprehensive group that will now represent all Zarb undergraduate, M.B.A. and E.M.B.A. alumni. It is of utmost important to this new organization to enhance the national reputation of the Zarb School and expand networking and professional development opportunities for our alumni and students.

    Ed comes well prepared to assume this leadership role: As the former worldwide head of capital markets and private client operations at Citigroup Global Markets Inc., he has a wealth of experience in financial services and has been a very supportive Zarb School alumnus. Ed shares his thoughts with fellow alumni in a letter (click on Message from the Zarb Alumni President). The Zarb School would like to thank Ed Fred (E.M.B.A., '02), Howard Kahn (M.B.A., '83) and Jason McKenna (B.B.A., '96), who previously headed the individual alumni associations and commend them for their leadership and dedication to their alma mater. Our sincere appreciation also goes out to Sally Anne Ballweg (B.S., '78; M.B.A., '83) and Larry Waldman (M.B.A., '74), who were instrumental in founding a Hofstra business alumni association. All these individuals continue to be active alumni.

  • Expanding networking opportunities for our alumni and students is a top priority. This semester, significant progress was made in this critical area. In April the Zarb School hosted a cocktail reception for approximately 115 Hofstra alumni currently employed at Goldman Sachs. Attended by a diverse group of Goldman professionals - from managing directors to Hofstra summer interns - the evening was a tremendous success. Other Zarb School alumni networking groups are in the formation stages at other financial institutions, including some of the major accounting firms where many Hofstra alumni are employed. More than 520 Hofstra alumni are among the ranks of the top eight accounting firms, and 76 of our new graduates were hired in 2007 alone.

    In May the Fourth Annual Hofstra University Alumni Networking Reception was held at Lehman Brothers. The event was hosted by Hofstra President Stuart Rabinowitz and Joe Gregory of Lehman Brothers, who is a Zarb School alumnus and vice chair of Hofstra's Board of Trustees. More than 200 alumni, friends and students gathered at the company's headquarters to network and hear remarks from renowned broadcaster Bob Costas and Mike Eruzione, captain of the 1980 Gold Medal-winning U.S. Olympic hockey team.

  • The achievements of Zarb students continue to be widely recognized outside the Hofstra community. This semester, our students placed in prestigious competitions sponsored by the New York Mercantile Exchange, the American Advertising Federation and the National Association of Black Accountants. In addition, a team of Zarb M.B.A. students competed against students from other top business schools in the New York Society of Security Analysts Investment Challenge. For a review of these accomplishments, as well as others, click on Accomplishments of our Students and Faculty.

  • The Zarb faculty continues their commitment to excellence in scholarly research. At the 2008 Northeast Decision Sciences Institute Meeting, professors and graduate students from our Information Technology and Management Departments won three of the four Best Paper Awards out of more than 150 entries. Their accomplishments are reviewed in Accomplishments of our Students and Faculty.

  • Despite the challenges presented by a difficult job market, our graduating students continue to secure enviable positions in business. These youngest alumni are an important resource to our school, and we have highlighted their viewpoints. (Click on Newest Zarb Alumni Speak Out).

  • The Zarb School, through our Career Services, Merrill Lynch Center and the University's Breslin Center for Real Estate Studies, among others, continues to attract leading academics and business leaders to our campus, enlightening our students, faculty and guests on topics of crucial significance to the global business community. These events, including the Merrill Lynch Center's conference "Stock Exchange Competition and International Listings" and the Breslin Center's conference "Subprime Markets: Crisis or Opportunity?" are reviewed in Highlights from Recent Events. The important topic of diversity was also addressed at Hofstra University at a lecture given by Anne Erni, chief diversity officer at Lehman Brothers. In June the Zarb School co-hosted a panel on The Future of Health Care with the Long Island Association.

  • The fall 2008 semester will be especially exciting at Hofstra, as our university hosts the third and final presidential debate. As part of the University's Educate '08 series, a yearlong, comprehensive program of conferences, events and lectures tied to the presidential election, the Zarb School will present a panel titled "Economic Issues Facing the Presidency" featuring former U.S. Treasury Secretaries Paul O'Neill and Robert Rubin. Floyd Norris, chief financial correspondent of The New York Times and The International Herald Tribune, will act as moderator of the discussion. As with all Educate '08 events, there will a student question and answer session as part of the program.

Thank you for your interest in the Zarb School of Business. We continue to welcome comments and suggestions on all our endeavors, including this e-newsletter.

A Message from the Zarb Alumni President

Ed Watson

Edward G. Watson (M.B.A., '89)

Dear Fellow Graduates:

I am extremely honored and humbled to represent you and the 30,000 alumni worldwide as president of the newly reorganized Zarb School of Business Alumni Association. I am committed to establishing an exceptional alumni group that can be beneficial to our graduates and provide a network for career advancement, educational forums on topical business issues, and social opportunities. This organization can also assist our alma mater by offering internships and entry-level positions to students; establishing a career-based mentoring system where alumni can provide guidance; serving as a sounding board for practical curriculum advisement; and leading the way for fund-raising initiatives.

We are in the process of forming an ambitious agenda for the months ahead and need your help. Below is a list of committees that we have formed. Please consider joining one of these groups and becoming active in your alma mater by contacting Stacey Goldyn-Moller, director of alumni programs, via e-mail.

  • Career Networking and Advisement Committee - Strategize, plan and implement both alumni/alumni and alumni/student networking and mentor activities.

  • Leadership Committee - Network, identify and reach out to potential Zarb alumni leaders.

  • Fund-Raising and Scholarship Committee - Strategize, plan and implement activities that will raise funds to benefit the Zarb School of Business and its scholarships.

  • Communications Committee - Create, plan and implement innovative ways to reach out to Zarb alumni and students.

  • Events and Regional Planning Committee - Plan and implement social- and career-based activities for alumni both within and beyond the local region.

Dean Sodano has assembled an exceptional team committed to making this association a success. These individuals are dedicated to advancing the overall mission of the Zarb School. Their names and affiliations appear below, and they welcome your suggestions (click on name to email). I encourage you to become involved and help me make the Zarb School one of the premier institutions of business education in the country.

  • Gioia Bales, Acting Assistant Dean, Zarb School

  • Fred Burke, Executive Director of Career Services, The Career Center

  • Barbara Church-Kattan, Director of Graduate Business Career Services, The Career Center

  • Stacey Goldyn-Moller, Director of Alumni Relations, Office for Development and Alumni Affairs

  • Lis Rerecich, Administrative Assistant, Office for Development and Alumni Affairs

  • Ben Vogt, Senior Director for Major Gifts, Office for Development and Alumni Affairs

This is our alumni association, and our success depends on your participation. With your help, I believe that this group can offer tremendous opportunities to all Zarb School graduates and will ultimately benefit our alma mater.

Thank you for your consideration. I look forward to meeting you in the near future.


Ed Watson

(M.B.A., '89)

Accomplishments of Our Students and Faculty

The winning Zarb School team at the NYMEX

The winning Zarb School team at the NYMEX with faculty adviser Prof. Ahmet Karagozoglu, (front row; 4th from right)

Zarb Students Take Second Place in NYMEX Commodities Challenge

In April a team of Zarb students took second place in the national New York Mercantile Exchange (NYMEX) Commodities Challenge after competing against 25 teams from 20 colleges. The challenge consisted of a two-month-long team electronic trading competition and "open outcry" individual competitions held at the NYMEX trading floor in New York.

Hofstra's electronic trading team consisted of finance M.B.A. students Tansel Alan, Jessie Chen, Kay Hung, Steven Monti, Ronak Shah and Swapnil Shah. Ahmet Karagozoglu, associate professor of finance, was the faculty supervisor for the Hofstra team. The students competed against teams from colleges and universities that included Brown, Columbia, George Washington, Penn State, Quinnipiac, Syracuse, University of Texas at Austin, and Yale. The University of Texas at Dallas won the competition. In two rounds, students traded NYMEX crude oil and natural gas futures contracts electronically, and the Zarb team achieved about a 27 percent return in less than two months.

Undergraduate and graduate Zarb finance students also competed individually against more than 60 students from 13 schools in the open outcry competition. A panel of judges composed of NYMEX officials and floor traders evaluated student traders on their trade execution. Four Zarb students - undergraduate student Jenna Tevere and graduate students Juan Gutierrez, Kay Hung and Steven Monti - placed in the top 12, more students than any other college or university in the competition.

Zarb Students Win Local Division of National Advertising Contest

The winning Zarb School team

The winning Zarb School team from the American Advertising Federation Competition with faculty adviser Prof. Chuck McMellon (back row; 1st from left)

Students from the Zarb School won the District 2A American Advertising Federation (AAF) Competition in New York City in May - competing with more than 10 other colleges, including Penn State, Ithaca College and Georgetown University. AAF's National Student Advertising Competition (NSAC) College World Series of Advertising is the premier college advertising competition. The team, under the advisement of Chuck McMellon, associate professor of marketing and international business, won first place after preparing an advertising plan and campaign for AOL's instant messaging and social network platforms. The students went on to the national competition in Atlanta, Georgia.

The students who presented the plan were Allison Calabrese, Jesse G. Freedman, James A. Gilligan, Ryan M. Mitchell and John V. Terrana. The other team members were Theresa M. Ayala, De Anna R. Caiati, Hazel De La Rosa, Anthony Ho, Nkechi Hooper, Cathy L. Jimenez, Zack Miller, Morgan Rosenblum, Jonathan Whitford and Michael K. Williams.

Zarb Students Place Second in National Association of Black Accountants/ Deloitte & Touche Case Study Competition

10. National Association of Black Accountants student Saudia Thomas

National Association of Black Accountants student Dominique Charles

In April a team of Zarb undergraduate students was awarded second place in the first National Association of Black Accountants (NABA) NY/Deloitte & Touche Case Study Competition at Deloitte's offices in the World Financial Center. Six NABA New York student chapters - Hofstra University, Stony Brook University, Brooklyn College, Baruch College, Medgar Evers College (C.U.N.Y.) and Monroe College - prepared and presented their solutions to an assigned accounting case. The team tackled issues of legal isolation, sale accounting and bankruptcy. Following the presentations, there was a question and answer period led by a panel of judges consisting of three Deloitte senior managers.

The Zarb team was composed of Duciel Veras, a junior finance major; Quincy Johnson, a junior political science/economics major; Dominque Charles, a sophomore legal studies in business major; and Saudia Thomas, a sophomore accounting major. The team won a cash prize, and their names will be displayed on a plaque at Deloitte & Touche.

Annual Beta Alpha Psi Spring Induction Dinner

Annual Beta Alpha Psi Spring Induction Dinner

Representatives from Holtz Rubenstein Reminick at the Beta Alpha Psi event, including Larry Waldman (M.B.A., '74) (1st on left), managing partner and Michael Medina (B.B.A. '07) (1st on right)

Annual Beta Alpha Psi Spring Induction Dinner

Beta Alpha Psi chapter adviser Prof. Linda Schain. Dr. Ralph Polimeni, vice provost for accreditation and assessment and Dominic Marsicovetere, retired Accounting Department administrator

Annual Beta Alpha Psi Spring Induction Dinner

Beta Alpha Psi 2008-2009 executive officers Kristina Mendez, Caroline Kirkwood and Shamin Habid

Annual Beta Alpha Psi Spring Induction Dinner

Beta Alpha Psi members; (bottom row) Felisha Fret and Christa Mariono; (top row) Michael Medina (B.B.A., '07), Kimberly Toole, Marivi Caban and Jeffrey Roth

The annual induction dinner for the Zarb School's Delta Pi Chapter of Beta Alpha Psi was held on May 8, 2008, at the Swan Club in Roslyn Harbor. The annual induction dinner recognizes the achievement, dedication, and hard work of the chapter's members and, especially, the inductees. At this event, scholarships donated by accounting firms are awarded to members and inductees who have greatly contributed to the chapter. In addition, students had the opportunity to thank the firms and faculty for their support and contributions.

This year's Spring induction dinner was sponsored by PricewaterhouseCoopers. John P. Lane (B.B.A., '78), tax partner at PricewaterhouseCoopers, was the honorary speaker. This semester, more than $25,000 in scholarships were awarded to 14 inductees and 40 members.

The Estée Lauder Companies On-Site M.B.A. Program Graduates

First graduates of the Estée Lauder Companies on-site M.B.A. program

First graduates of the Estée Lauder Companies on-site M.B.A. program with Prof. Stuart Bass, director of graduate programs (standing; front row; 1st on left), Dean Sodano (standing; front row; 2nd on right) and Prof. Luke Ng, director of recruitment for graduate business programs (standing; front row; 1st on right)

On May 16, 2008, the Zarb School hosted a luncheon for 16 employees of The Estée Lauder Companies who graduated from Hofstra this spring with an M.B.A. Held at The Estée Lauder Companies' corporate headquarters in Melville, the event marked the graduation of the first "wave" of students from Hofstra's on-site program at The Estée Lauder Companies. A second and third group of students are in the process of completing their degrees and a fourth group of employees will begin M.B.A. studies this fall. Dean Sodano extended his congratulations, and each student was presented with a letter from William Lauder, chief executive officer of The Estée Lauder Companies, recognizing their achievements. A letter was also read from Mr. Lauder congratulating Alan Hinkson, vice president of human resources, and Andrew Gehlhoff, manager of human resources, acknowledging their contributions to the success of the on-site M.B.A. program.

In a letter to Dean Sodano, Mr. Gehlhoff writes:

Thank you for your continued support for the on-site M.B.A. program at The Estée Lauder Companies. The tradition and curriculum of the program have enhanced our employees' knowledge of business, fostered business relationships between departments, and strengthened our organization as a whole.

The Zarb School also runs similar programs at Computer Associates and the North Shore-LIJ Health System.

Zarb Professors Win Awards at the 2008 Northeast Decision Sciences Institute Meeting

More than 150 double-blind reviewed papers were presented at the 2008 Meeting of the Northeast Decision Sciences Institute. Four Best Paper awards were given based on a second round of reviews by a committee composed of senior members of the organization. Of the four awards, faculty and graduate students of the Zarb School won three.

Dr. Kaushik Sengupta, assistant professor of management, won the David Levine Award for Best Paper in Education in the Decision Sciences for his paper titled "An Analysis of Industry Expectations and Our Teaching in Quality Management Courses." In addition, Dr. Mohammed Tafti (professor of information technology), Dr. Deb Sledgianowski (assistant professor of information technology) and their student Jim Kierstead won the Babson College Award for the Best Paper in MIS/DSS/Microcomputers for their paper titled "Lessons Learned From Outsourcing Practice in a SME." Finally, Dr. John Affisco, professor of information technology, and his students Dr. Michael Hall and Donna Moravick won the Hikmet Family Health Care Award for the Best Paper in Health Care for their paper titled "OR Turnaround Time: A Case of Health Care Process Improvement." Dr. Hall is chief of adult cardiac surgery at North Shore University Hospital, and Ms. Moravick is vice president of cardiovascular services for the North Shore-LIJ Health System. Both were among the first graduates of the Zarb School's M.B.A. in Quality Management Program in May 2008.

Marketing Professor William L. James Named Zarb School Teacher of the Year

William L. James

Prof. Bill James with Hofstra graduating students DeAnna Ciati (B.B.A., '08) and Danielle Marsiano (B.B.A., '08)

Graduating Zarb students selected Bill James, professor of marketing and international business, as the 2008 Teacher of the Year. Professor James has been a member of the Hofstra faculty for more than 20 years and was recognized previously for his outstanding teaching and dedication to his students when he received the 1988/89 Hofstra University Distinguished Teaching Award. Professor James also maintains an active research agenda: He has more than 80 publications, including articles in such prestigious journals as the Journal of Marketing Research and the Strategic Management Journal.

Zarb Professors Receive Dean's Awards

Susan L. Martin

Distinguished Professor Susan Martin, winner of the 2008 Dean's Research Award

At the final spring semester faculty meeting of the Zarb School, Dean Sodano presented awards for outstanding service and achievement to select faculty. Susan L. Martin, The Cypres Family Distinguished Professor in Legal Studies in Business, received the Dean's Research Award. The Dean's Service Award was presented to Joel Evans, The RMI Distinguished Professor of Business; Elizabeth Venuti, associate professor of accounting; and Shawn Thelan, assistant professor of marketing and international business.

Zarb Students Study in China

Study in China

Zarb students at The Great Wall of China with Prof. Yong Zhang (front row; 1st on right)

The Zarb School's study abroad program in China offers Hofstra business students the opportunity to integrate their knowledge about international business and marketing by exposing them to the business environment in China. Students study international marketing in two stages: they attend three weeks of classes on Hofstra's campus, and then they travel to China to experience the subject first hand. This summer's program ran from May 21-June 24, 2008.

David DePoister, a Hofstra M.B.A. student with a dual major in finance and marketing, participated in the program. He shares his thoughts below.

For information regarding other Zarb study abroad programs, visit our Study Abroad page.

"The trip to China during Summer Session I was an amazing educational experience and the knowledge that I gained from this trip will undoubtedly help me throughout my career. Thirteen students, six graduate and seven undergraduate, accompanied Dr. Yong Zhang, associate professor of marketing and international business, to Beijing and Shanghai. Most notably, we climbed The Great Wall, walked around Tiananmen Square and visited the Forbidden City. While in Beijing, we stayed at The University of International Business and Economics, one of the more prestigious universities in China. Unfortunately for them, the students at UIBE were still in session; however, fortunate for us the campus was alive and we were able to fully experience a foreign university.

Staying in Beijing and, in particular, visiting The Great Wall and Tiananmen Square was a surreal experience. I always wanted to visit The Great Wall and I vividly remember the 1989 massacre in Tiananmen Square.

I specifically want to comment on the extraordinary guidance and leadership that Dr. Zhang provided. My knowledge and understanding of international business and marketing was broadened by his insights and instruction. He was the key to the success of the program."

David C. DePoister, Jr.

(M.B.A., '09)

Zarb Alumnus Supports His Alma Mater

Jim Wenk

Jim Wenk (M.B.A., '04)

Jim Wenk (M.B.A., '04) recently contributed to the Zarb School. We are pleased to share his thoughts below.

"I recently decided to make a financial contribution to the Frank G. Zarb School of Business. I am committed to raising the profile of the school in the New York region and share the sense of camaraderie among longtime alumni and current students. With the new leadership of Salvatore Sodano, I have observed the creation and execution of a significant marketing and branding effort and aggressive outreach to the alumni community. I am excited to assist Sal's team in expanding its network of Zarb School contacts and communicating the need for alumni support of the school, both financially and by assisting current students and recent graduates with internships and employment opportunities. With the recent opening of the state-of-the-art Martin B. Greenberg Trading Room and the University hosting the final presidential debate in October 2008, I am proud to say I am a contributor to the Zarb School and look forward to assisting in its continued success."

Please consider making a gift to support your alma mater. You can make a contribution online at:

Under the section - Your Gift Designation - please mark school and select the Zarb School of Business. This way the amount donated will go directly to the business school. Many employers will match your charitable donations. To see if your company participates in matching gifts, please visit

Newest Zarb Alumni Speak Out

Carissa Peluso

Professor Ahmet Karagozoglu, academic director, Martin B. Greenberg Trading Room, with Carissa Peluso (B.B.A., Finance, 2008)

"Hofstra's strong alumni network helps open up many doors for students who take advantage of this network. Hofstra alumni whom I have met out in the work force are more than willing to give advice, encouragement and support to students who reach out to them."

In July Carissa will begin training as a first-year analyst at Goldman Sachs & Co. in its fixed income, currency and commodities unit.

Erin Veltman

Erin Veltman (B.B.A., Legal Studies in Business, 2008)

"Zarb students represent an elite group of young individuals whose innovation and ambition are superior. The faculty and staff are of the highest caliber and are truly a testament to the school's ongoing academic achievements. And we are lucky enough to have a dean whose vision and drive continues to enhance the reputation of our alma mater. With all the school's wonderful resources – the students, faculty and staff -–it is inevitable that the Zarb School of Business will soon be an unstoppable force among the nation's most renowned institutions."

Erin is planning to pursue a graduate degree at Hofstra in the fall.

Christopher M. Mayo

Christopher M. Mayo (B.B.A., Marketing, 2007)

"My experiences as an undergrad at the Frank G. Zarb School of Business have been priceless, to say the least. My professors always found a way to challenge my knowledge and further prepare me for the business world. I often find myself footsteps ahead of the pack because of what I have learned at Hofstra."

Chris works as an analyst at Wells Fargo Business Credit.

Felisha Fret

Felisha Fret (B.B.A., Accounting, 2008)

"I believe that my success as an accounting student at Hofstra University is a direct result of Hofstra's exemplary faculty. As students, we are extremely lucky to have professors who do not measure their success by the number of designations that follow their name or by the number of publications they have. They measure their success by the success and achievements of their students. They see a world of opportunities for which there are no limitations. They encourage us to take advantage of those endless opportunities and challenge us to go beyond our comfort zones so that we may see our potential. As I conclude my academic career, I feel that my professors have supplied me with both the academic and professional tools that I need to succeed beyond Hofstra University. It has been an honor and privilege to have been taught by such fine educators, especially Dr. Anthony Basile, Professor Harold Finkelstein, Professor Robert Katz and Professor Neil Katz. With their continued support and encouragement, I was able to step out of my comfort zone and realize my full potential at Hofstra."

Felisha Fret was president of the Delta Chapter of Beta Alpha Psi. She will join Deloitte & Touche LLP in the fall as a first-year staff auditor.

Highlights from Recent Events

The following business-related events were sponsored by Hofstra University, the Zarb School, or another Hofstra entity.

March 2008

• March 5, 2008: The Provost Office and the Zarb School Sponsors: A Lecture on Diversity: Tales from the Front Line

Anne Erni

Anne Erni, chief diversity officer, Lehman Brothers

Anne Erni, chief diversity officer for Lehman Brothers, spoke to a full audience of Hofstra faculty, students and administrators on the important issue of diversity. Ms. Erni, who holds a master's degree in international relations from The Johns Hopkins University, joined Lehman Brothers in 1997 and is responsible for strategy for workforce, marketplace and supplier diversity. She is also in charge of diversity leadership training and education at Lehman. Ms. Erni is co-chair of the "Hidden Brain Drain," a task force that studies women leaving and reentering the workforce. In addition, she co-founded and co-chaired the company's women's network,"Women's Initiative Leading Lehman." Ms. Erni has been recognized as a "Woman Worth Watching" by Profiles in Diversity Journal and in 2006, she was named one of the 50 Best Women in Business in New Jersey. She also serves on several boards that share her commitment to the advancement of women and minorities in the workplace.

April 2008

• April 2, 2008: The Zarb School Sponsors: Executive Seminar: Operational Risk of Hedge Funds

Brian Ruane

Brian Ruane told the more than  125 students in attendance about the Bank's strong connection with their school. Brian is a member of the Dean's Advisory Board and Gerald Hasell, president of the Bank, serves on the advisory board of the Merrill Lynch Center. "We are committed to providing information that can help you, as future market participants, investors and fund managers, plan and prepare for the challenges and opportunities that lie ahead," Brian said.

Brian A. Ruane (M.B.A., '95), executive vice president, of The Bank of New York Mellon presented the white paper "The Operational Risk of Hedge Funds" at an executive speaker series event sponsored by the Zarb School's Merrill Lynch Center and Graduate Business Career Services. This is the second time the bank has chosen Hofstra to present the latest edition of their prestigious white paper series. (In March 2007, representatives of The Bank of New York Mellon presented another white paper titled "Institutional Demand for Hedge Funds Will Triple to $1 Trillion by 2010.") Mr. Ruane was joined by panelists Simon Fludgate, head of operational due diligence, AKSIA, LLC; Ephraim Lemberger, associate, Binham McCutchen LLP and Lisa M. Ambrosia, head of business development infrastructure, Perella Weinberg Partners LLP. The moderator for the event was Bob Bosse, vice president of The Bank of New York Mellon. Faculty, students and guests enjoyed a lively question and answer session following the event.

• April 24, 2008: The Zarb School and Breslin Center Sponsors: Subprime Markets: Crisis or Opportunity?

Participants at the sub-prime panel

Participants at the subprime panel; (front row) David Shapiro, John Miller, president, Board of Trustees, Hofstra University; Adam Ashcraft, Ph.D.; Andrew Spieler, Ph.D. and Lori S. Walsh, Ph.D. (top row) Peter J. Bianco; Clark L. Maxam, Ph.D.; Richard V. Guardino, Jr., executive dean, Wilbur F. Breslin Center for Real Estate Studies and Ehsan Nikbakht, Ph.D.

The Zarb School and Hofstra University's Wilbur F. Breslin Center for Real Estate Studies examined critical issues brought about by the collapse of the subprime mortgage market at their program Subprime Markets: Crisis or Opportunity? The event commenced with a dynamic keynote address by Adam Ashcraft, Ph.D., research officer at the Federal Reserve Bank of New York. Participants - which included faculty, students, administrators and local business professionals - next heard a distinguished panel of speakers discuss the subprime markets. These panelists included: Peter J. Bianco, principal, Stairway Capital; Clark L. Maxam, Ph.D., director of research, Braddock Financial Corporation; Ehsan Nikbakht, Ph.D., Hofstra professor of finance; David Shapiro, president and CEO, EARN Group and Lori S. Walsh, Ph.D., financial economist, Securities and Exchange Commission. Andrew Spieler, associate professor of finance, served as the moderator.

• April 28, 2008: The Zarb School Hosts: Goldman Sachs Networking Event

Colin Peters (B.B.A., '04) with Carissa Pelus

Colin Peters (B.B.A., '04) with Carissa Peluso, a recent B.B.A. graduate who will begin her career at Goldman in July

The Zarb School hosted a very successful alumni networking event for Goldman Sachs employees who are graduates of Hofstra University. Goldman has approximately 115 alumni employed at its company. For additional photographs of this event, visit:

April 30, 2008: The Zarb School Hosts: National Association of Black Accountants Dinner
Representatives of the National Association of Black Accountants at the Hofstra chapter's dinner

Representatives of the National Association of Black Accountants at the Hofstra chapter's dinner

The Zarb School’s chapter of the National Association of Black Accountants (NABA) hosted its annual dinner at the Hofstra University Club. Students and alumni enjoyed a lovely evening as the chapter was recognized for its second-place finish in an inaugural case study competition jointly sponsored by NABA and Deloitte & Touche. Associate Professor Eugene Maccarrone, of the Legal Studies in Business Department, serves as the organization’s faculty adviser.

May 2008

• May 5, 2008: The Zarb School Hosts: The Merrill Lynch Center Executive Breakfast and Conference

Prof. George Papaioannou, director, Merrill Lynch Center (left) and Dean Sodano congratulate Richard Ketchum (middle) following his keynote address

Prof. George Papaioannou, director, Merrill Lynch Center (left) and Dean Sodano congratulate Richard Ketchum (in center) following his keynote address

Globalization of stock exchanges was the very important and timely topic discussed at the Merrill Lynch Center for the Study of International Financial Services and Markets annual spring conference. The conference was preceded by an executive breakfast where Richard G. Ketchum, CEO, NYSE Regulation, Inc. and non-executive chairman of FINRA, gave the keynote address. Faculty, students, alumni and local business professionals enjoyed Mr. Ketchum's very insightful talk titled "Reflections of a Regulator in Challenging Times." Three consecutive panel discussions followed the breakfast where stock exchange competition and consolidation, international listings and accounting and regulatory issues were discussed. At the conference luncheon, Andrew Karolyi, Ph.D., the Charles R. Webb professor of finance at Ohio State University, gave the keynote address. His provocative talk was titled "Is New York Really Losing Its Competitive Advantage in Global Capital Markets?"

For more information on the Merrill Lynch Center, visit:

• May 7, 2008: Graduate Business Career Services Sponsors: Executive Speaker Series – Jeffrey Spiegel, Lifetime Brands

Highlight Photo

Jeffrey Spiegel, chairman and CEO, Lifetime Brands

As part of its executive speaker series, the Zarb School's Graduate Business Career Services hosted Jeffrey Spiegel, chairman and CEO of Lifetime Brands. Lifetime Brands is a leading designer, developer and marketer of a broad range of nationally-branded consumer products used in the home. In his presentation, "How Innovations and Unexpected Changes Build Business." Mr. Spiegel told more than 90 Zarb graduate students and alumni of the changes that Lifetime Brands has experienced over the last eight years including the decision-making processes involved in the many worldwide company acquisitions he has spearheaded.

For more information on the Zarb School's Graduate Business Career Services, visit:

• May 22, 2008: Hofstra University Hosts Fourth Annual Alumni Networking Reception

Highlight Photo

Hofstra students Cindy Wu and Jongwon Cha with Dean Sodano at Lehman Brothers event

Highlight Photo

Joe Gregory (B.B.A., '74) with Bob Costas at Lehman Brothers event

Highlight Photo

Hofstra alumni Tim Dolan (B.B.A., '82) and Ken Bollinger (B.B.A., '93) at Lehman Brothers event

President Stuart Rabinowitz and Joe Gregory (B.B.A., '74) of Lehman Brothers and vice chair of Hofstra's Board of Trustees co-hosted the fourth annual Hofstra University Alumni Networking Reception at Lehman Brothers. Attended by more than 200 alumni, students and friends, participants gathered to network and enjoy presentations by Bob Costas, multiple Emmy Award-winning broadcaster and Mike Eruzione, captain of the 1980 Gold Medal-winning U.S. Olympic hockey team.

For additional photographs of this event, visit

June 2008

• June 13, 2008: The Business Development Center Hosts: Distinguished Lecture Series Breakfast: Tiffany & Co.: A Global Business

Highlight Photo

(front row) Richard V. Guardino, Jr. and James Quinn; (back row) Christine McInerney, partner, Ruskin Moscou Faltischek, P.C.; Arthur J. Kremer, Hofstra University trustee; President Stuart Rabinowitz; John Miller; Paul Salerno, managing partner, PricewaterhouseCoopers and Andrew Corrado, divisional senior vice president, Capital One Bank

James E. Quinn (B.A., '74), president of Tiffany & Co., was the keynote speaker at the Distinguished Lecture Series breakfast presented by the Scott Skodnek Business Development Center and co-hosted by President Stuart Rabinowitz and Richard V. Guardino, Jr., vice president for business development at Hofstra University. Mr. Quinn spoke to business leaders, faculty, administrators and students regarding the excitement and challenges that exist in global expansion. He was presented with a football jersey in remembrance of his days on the Hofstra football team.

Ruskin Moscou Faltischek, P.C., PricewaterhouseCoopers, Capital One Bank, the Industrial Development Agency of the Town of Hempstead and The Garden City Hotel are sponsors of the Distinguished Lecture Series. 

• June 18, 2008: The Wilbur F. Breslin Center for Real Estate Studies and The Institute of Real Estate at Hofstra University Hosts Second Annual Luncheon

Highlight Photo

Richard V. Guardino, Jr.;Herman Berliner, provost and senior vice president for academic affairs; Alan Eidler, president, The Institute of Real Estate; President Rabinowitz; Wilbur F. Breslin; Timothy Knight and Dean Sodano

The second annual luncheon of the Wilbur F. Breslin Center for Real Estate Studies and The Institute of Real Estate featured Timothy P. Knight, publisher, president and CEO of the Newsday Media Group as the keynote speaker. His talk was titled "Riding the Media Revolution in the Digital Age and Its Role in Shaping the Future of Real Estate and Our Economy."The mission of The Institute of Real Estate is to promote professionalism in the real estate industry and to become a trusted source for real estate education, mentoring, information and networking.

• June 19, 2008: The Zarb School and L.I.A. Hosts: The Future of Health Care Panel

Highlight Photo

"This panel brings together Long Island's premier business school and its largest business group to discuss a topic that has a major impact on the cost of doing business in our region and nationwide. The Zarb School of Business is happy to provide a forum where large corporations and small businesses can come together to discuss this and other important issues that affect Long Island's economy and our nation's business community."

The Zarb School and the Long Island Association co-hosted a panel discussion on "The Future of Health Care." The panel, which brought together our school and the largest Long Island business group, examined the current state of health care in the United States and discussed areas of concern for the business community. Dean Sodano, pictured at right, gave the opening remarks.

Mark Your Calendar

The Zarb School Presents

Economic Issues Facing the Presidency

Mark Your Calendar

featuring Paul O'Neill, Robert Rubin and Floyd Norris

Tuesday, September 9, 2008 at 2-3:30 p.m.

John Cranford Adams Playhouse

South Campus

Paul O'Neill served as the 72nd U.S. secretary of the Treasury for part of President George W. Bush's first administration. He resigned in December 2002. Previously, Mr. O'Neill was chairman and CEO of the Pittsburgh-based industrial giant Alcoa from 1987 to 1999, retiring as chairman at the end of 2000. In 1995 he was named chairman of the RAND Corporation.

Robert Rubin, director and chairman of the Executive Committee of Citigroup, served as the 70th U.S. secretary of the Treasury during both the first and second Clinton administrations.

Floyd Norris, who will act as moderator, is chief financial correspondent of The New York Times and The International Herald Tribune, covering the world of finance and economics. He was named to that post in September 1999, after spending more than a year as a member of the Times' editorial board. He joined the paper in October 1988 as a financial columnist.

There will be a reception at the Hofstra University Club following the program.

This event is free but registration is required. Please register on the Educate '08 Web site.

Visit Educate '08

Class Notes


Robert J. Heldt (B.B.A., M.B.A.,'73) of San Jose, CA, retired from FMC Corp. as manager of subcontracts in 1996.  He is enjoying RV travel throughout the USA and additional traveling in Europe.  He is boating and fishing weekly in the great San Jose, CA climate.


Laurence N. Charney (B.B.A.) of Port Washington, NY, was appointed to the Board of Directors of XTL Biopharmaceuticals Ltd.



John R. Riesenberger

John R. Riesenberger (B.S., M.B.A., '75) of Basking Ridge, NJ, has joined MannKind Corporation as corporate vice president and chief commercialization officer.


David Groelinger (M.B.A.) was elected chief financial officer of Sky Sotheby’s International Reality.


Bruce R. Thaw (B.B.A., J.D., '78) of Farmingdale, NY, has been named a member of the MDRNA, Inc. Directors Strategic Advisory Board by Nastash Pharmaceutical Company Inc.


Neil Getter (B.B.A.) of Huntington, NY, was appointed executive vice president for Willis Group, an aerospace leadership team.

Gerald Tucciarone (B.B.A.) of Seaford, NY, is the chief financial officer and treasurer for Hauppauge Digital Incorporated and has been selected for inclusion in the 2008-2009 Princeton Premier Registry.

Geraldine M. Wolk (M.B.A.) of Plainview, NY, has been featured in Long Island Business News “Who’s Who: Ones to Watch in Accounting.”  Ms. Wolk focuses on a broad range of areas including professional services, not-for-profits, trusts and estates and wholesale and retail businesses.


Dr. Sheila Handy (B.B.A., M.B.A., '81) of Columbia, NJ, accepted a position in the school of business management and economics at East Stroudsburg University teaching accounting.

John Winther (B.B.A.) of Mastic Beach, NY, has been married for 29 years with 4 children and one granddaughter.  He has been with Grumman for 23 years.


Steven Kent (B.B.A., M.B.A., '85) of Marlboro, NJ, was elected vice president, global testing & QA of Freeborders, the leading provider of technology solutions developed from China.


Marc DeSimone (M.B.A.) of Smithtown, NY, has been featured in Long Island Business News “Who’s Who in Banking.”  Mr. DeSimone is president and chief executive of American Community Bank in Glen Cove, NY.


Gary Tynes (B.B.A.) of Dix Hills, NY, is the managing member, chief operating officer and chief financial officer for a New York City hedge fund with approximately $1.4 billion in assets. After he graduated from Hofstra, he started his career in Public Accounting and became a CPA.  In just over four years, Mr. Tynes was recruited by one of his clients where he has worked for more than18 years.  He started as the firm's controller in 1990, became a partner in 1997, and was elected to the management committee in 2000.  Mr. Tynes is one of three managing members who run the business.  He has two daughters, Haley, 17 and Jessica, 15.

Terry S. Weissberg (B.B.A.) of Boynton Beach, FL, got married in 1999, has two children, and is working as an investment officer.


Arthur B. Cohen (M.B.A.) of Westport, CT, has been appointed to the Board of Directors of HealthCor Management, LP.  Mr. Cohen is the founder of the company and serves as its portfolio manager.


Marc Weiss (B.B.A.) of Long Beach, NY, has been featured in Long Island Business News “Ones to Watch: Small Business.”  Mr. Weiss is the CEO as well as chief entertainer for a Long Beach-based company that specializes in what he calls “culinary entertainment.”


David Bernstein (B.B.A.) of Bridgewater, NJ, was elected to the Board of Directors of New Milliennium Bank.

Jaspreet S. Mayall (B.B.A., J.D., '91) of Dix Hills, NY, was featured in Long Island Business News “Who’s Who in Tax & Bankruptcy Law.”  Mr. Mayall is a partner in the debtor/creditor rights and bankruptcy group at Certilman Balin Adler & Hyman LLP in East Meadow.

Linda Obedzinski (B.B.A.) of Glastonbury, CT, was one of three parents from Naubuc School in Glastonbury to receive the volunteer recognition award from the Connecticut Association of Elementary School Principals.  This award, presented at a banquet sponsored by the Connecticut Association of Schools, recognizes outstanding service to the school community.


Deborah Brown-Volkman '88

Deborah Brown-Volkman (B.B.A.) of East Moriches, NY, has published her fifth book, How to Feel Great at Work Every Day. Deborah is a professionally certified coach, motivational speaker, and the president of Surpass Your Dreams, Inc. She provides career coaching for senior executives, vice presidents and managers who are looking for new career opportunities or seeking to become more productive in their current roles


Eric Goldstein (B.B.A.) of Sandy Hook, CT, has started a company called Sporty Minds.  The company has developed a DVD that teaches young children their ABCs through sports imagery.  To learn more about Sporty Minds, visit


Susan (Maurizio) Christiano (B.B.A.) of Monroe, CT, is running a successful public relations firm, Da-Ve Communications, and has recently launched an online hair jewelry boutique for young girls called Bowtique Alley.


Joelle Goldstein Cohn (B.B.A.) of Charlotte, NC, has started a company called Sporty Minds.  The company has developed a DVD that teaches young children their ABCs through sports imagery.  To learn more about Sporty Minds, visit


Bernadette (Catanzano) Iannacchino (B.B.A.) of Deer Park, NY, will be recognized by The Queens Courier and Queens Business Today for the outstanding contributions made by women in the borough during the Sixth Annual Top Women in Business Networking Awards Dinner.  She is the Queens branch manager of Chase Home Mortgage.

Allan Spielman (M.B.A.) of Woodmere, NY, hosted a Monterey Pop 1967 tribute concert to benefit Save One Person. Save the World, a project of The Meaningful Life Center.  He is married with two boys, Areiel and Yoni.


Carlo Gambale (B.B.A.) of Commack, NY, is a partner in the computer information solutions firm Nextlevel Information Solutions in Lido Beach.  He is also a partial owner of a large recording studio and music venue, 3MB Recording Studios, in Smithtown, New York.  He is married to Tanya Schulte (B.B.A. ’95).  They have two children: Hayley and Christopher.


Edward J. Wolff

Edward J. Wolff (B.B.A.) of Dallas, TX, has accepted a new position as chief administrative officer with Pinnacle Realty in Dallas, Texas.  He runs the corporate support operations for this international, multifamily company.


Michael McCreesh (B.B.A.) led a team of 34 riders in the 2007 PanMass Challenge in August as part of TeamBrent.  Thanks to their efforts, the Dana Farber/Boston Children’s Hospital broke ground on a much-needed targeted radiotherapy program.

Chris Nicholson (B.B.A.) of Bay Shore, NY, has been featured in Long Island Business News “Who’s Who in Commercial Real Estate.”  Mr. Nicholson is an agent at Island Associates Real Estate in Smithtown, NY.


Lorraine Aycock (B.A., M.B.A., '99) of Roosevelt, NY, has been selected to serve as market development manager for Bank of America Long Island.

Stacy Perez (B.B.A., M.B.A., '01) of West Babylon, NY, has been named “Ones to Watch: Long Island Technology Firms.”



Joseph Ancona

Joseph Ancona (B.B.A.) of Commack, NY, has been featured in Long Island Business News “Who’s Who in Banking.”  Mr. Ancona joined Suffolk Federal Credit Union as director of commercial lending.

Jamison Skala (B.B.A.) of Bay Shore, NY, and his wife Denise celebrated the second birthday of their son, Ethan Jamison Skala on November 7, 2007.


Sabira Beg (B.B.A.) of Revere, MA, was promoted to project manager at Bovis Lend Lease where she manages finishes for multi-million dollar construction projects.  In addition, Ms. Beg just started running her own business. She owns and operates an early learning center for children ages 6 weeks through 5 years and currently has 45 students enrolled.

Kimberly A. Schwartz (B.B.A.) of Hollis, NY, is engaged to Lamont Harris of Long Island City, NY.


Brian Gunn (M.B.A.) of Garden City, NY, joined GMAC in the global automotive finance business as risk officer for consumer credit. In this role, Brian will further enhance the risk management capabilities in the global automotive finance business by managing the consumer credit asset portfolio.


Anthony C. Musumeci (B.B.A.) of Bohemia, NY, has been featured in the Long Island Business News “Who’s Who in Engineering & Environmental Consulting.”  He is chief marketing officer at Emtec Consulting Engineers.

James John Stucchio (B.A., M.B.A., '03) of Dix Hills, NY, was appointed assistant superintendent for business and operations by the Hauppauge Board of Education, effective July 1, 2008.  Mr. Stucchio and his wife Kathy are expecting their first child on August 18, 2008.


Brian M. Clark (B.B.A.) of Calgary, Canada and his wife Shannon Clark (B.A. ’99, M.A., ’02) just welcomed their second daughter, Brinley Ann on August 23, 2007.  Their oldest daughter, Ashlyn Smith, was born on October 13, 2004.  He just finished his 10th season playing football in the Canadian Football League with the Calgary Stampeders. Mr. Clark also works in the oil and gas sector with Lonkar Services Ltd., in business development.

Constantine Moshos (B.B.A.) was appointed vice president of business development for Data Dimensions.


Stephen Fereance (B.A., M.B.A., '07) of New Hyde Park, NY, has done volunteer work in the local communities and has been accepted into a flight program with the U.S. Air Force.

Shibu Idichandy (B.B.A.) of Miami, FL, has been licensed in New York as a certified public accountant.  He has recently graduated with his masters in taxation from the Alvah H. Chapman, Jr., Graduate School of Business, Florida International University Chapman in Miami.

Joseph Vincent (M.B.A.)
of East Hills, NY, has been appointed senior vice president of operations for Dow Jones Consumer Media Group.


Chris Kutner (M.B.A.) of Rockville Centre, NY, was promoted to the Board of Directors of the American Red Cross in Nassau County.


Brian Gabel (B.B.A.) of Jackson, NJ, is raising capital for public and private small-growth stage companies on Long Island and across the globe, focusing on bringing insightful ideas to the money that brings them to the masses.


Kevin Flavin (B.B.A.) of Peabody, MA, received his Juris Doctorate from the University of Akron School of Law on May 18, 2008.

Carinne Marino (B.B.A.)
of Moriches, NY, has a wonderful new job working for Kenneth Cole Productions in New York City


Michael Roschnotti (B.B.A.) of East Northport, NY, was appointed a junior analyst at N.I.R. Group, LLC, one of the largest and most active private investment in public equity  fund managers in the world.





Finnegan Matthew


Mollie Jane


Sophia Elizabeth


Adriana Delainey

Spencer born to Russell Horowitz (B.B.A., '93) and Melissa Horowitz

Finnegan Matthew born to Vincent and Melissa (Compton) Pasko (B.B.A., '95)

Mollie Jane to Steven Schwinger (B.B.A., '93) and Lori (Beeber) Schwinger (B.B.A., '93)

Sophia Elizabeth born to Bradley and Christine (Yude) Weiss (B.B.A., '94)

Adriana Delainey born to Anthony (B.S.,'98) and Danielle (Kolb) Willis (B.B.A., '98)


Andrea Janas (B.B.A., '00) and Anthony Curran (B.A. '98, M.S., '02) were married on April 19, 2008 at Windows on the Lake in Lake Ronkonkoma.

Stephen Distefano (B.B.A., ‘05) of East Northport, NY, was married on August 11, 2007 to Angela Vitale (B.B.A., ’06)

In Memoriam:

Robert W. Armstrong (’61)

Edith Barnes (B.A., ’63, M.A., ’69)

Harry Borley (B.B.A., ’72)

John Frederick Haller (M.B.A., ’54)

Robin Kugelman Holstein (B.B.A., ’85)

Arlo J. Jensen (M.B.A., ’76)

Seymour Kulick (B.B.A., ’60)

Louis Marro (B.B.A., ’68)

Stanley P. Mermell (M.B.A., ’75)

Harold Joseph Sullivan (B.B.A., ’66, M.S.Ed., ’67)

Monday, April 28, 2008

A Message from Dean Salvatore F. Sodano


It gives me great pleasure to introduce the inaugural edition of the Frank G. Zarb School of Business Electronic Newsletter. Our goal is to inform our friends, alumni, faculty, administration and students of exciting developments at the Zarb School and in the greater Hofstra community. A calendar, containing events open to all, will be posted. The newsletter will also highlight achievements of our alumni, faculty and students.

Let me take this opportunity to provide an update on some recent information and accomplishments at the Zarb School.

  • Our graduate program is included with other prestigious institutions in the Princeton Review's 2008 edition of the "Best Business Schools," a ranking compiled from surveys of 19,000 students from AACSB-accredited M.B.A. programs. CV Starr Hall, our primary classroom facility, is renowned as a state-of-the-art teaching and learning facility. Furthermore, Princeton Review wrote that our "finance professors are cutting edge, often putting together a curriculum not found in textbooks, incorporating tools developed and used in the field." Our Graduate Career Services also received strong praise in the Princeton Review.

  • Trading Room

    The Martin B. Greenberg Trading Room

  • I am incredibly proud of our Martin B. Greenberg Trading Room. We are privileged to have the largest, most sophisticated Bloomberg-based academic trading room in the world: With 34 terminals, our students and faculty can access the same data, analytics and software, used by professionals to make trading decisions and to measure and analyze risk in all global markets.

  • In April 2007, Hofstra finance students competed in a national trading competition sponsored by the New York Mercantile Exchange (NYMEX). NYMEX officials evaluated and ranked the top ten competitors, which included Ivy League students. In a significant romp, Hofstra students placed 1, 2, 3, 4, 7 and 8.

  • Effective 2009, the Zarb School of Business has been accepted as a member of the highly-prestigious and competitive New York State Society of Security Analysts (NYSSA).

  • Additionally, this semester students from the Zarb School competed in NYSSA’s “Sixth Annual Investment Challenge,” a comprehensive eight-month program where business students are trained by Wall Street leaders to research and report on a publicly-traded company. The Zarb School joined other prestigious business schools in the New York area, including Columbia, NYU, Fordham and Baruch.

  • Commencing in Fall 2008, the Zarb School will offer a full-time day M.B.A. program which will include a cohort Honors Scholar section. This is an exciting new venture for our school. We are actively seeking high achievers, students with very strong GMAT scores and undergraduate GPAs. The program offers the opportunity for honors scholar designation, guest speakers, an opportunity for international travel and suggested internships. Thanks to the generosity of an anonymous donor, we will be offering substantial scholarships for these top achievers. In addition, we have recently implemented an M.B.A. in Sports & Entertainment Management and an M.S. in Quantitative Finance.

  • An Endowed Chair in Chinese Business and Culture Studies has been established that will significantly enhance the global reputation of the Frank G. Zarb School of Business. This is the first step in our creation of the Center for the Study of Chinese Business Practices and Customs which will support student and faculty exchange between Chinese universities and Hofstra, and faculty research relating to Chinese business practices and culture. The Center will also assist local and regional businesses to enhance their understanding of Chinese business.

  • An Endowed Distinguished Professorship has also been established in the Marketing and International Business Department honoring Hofstra alumnus Robert Brockway.

The faculty and administration of the Frank G. Zarb School of Business look forward to an exciting academic calendar, filled with stimulating seminars and conferences highlighted below. Please join us.


One measure of success for any business is to examine the product. Our product - you the alumni - have assisted in making the Zarb School an outstanding institution of higher education. Please take a moment to review some of these success stories. This list will be ever growing to reflect the many exceptional graduates that we have produced.

See the Faces of Success from The Frank G. Zarb School of Business

Recently, Anthony Dalessio '80,through KPMG, and Larry Roman '77 made generous gifts to their alma mater. Click on the link below their photos, to learn more about these two successful alumni and their contributions to Hofstra University.


Larry Roman ('77) (top, center) with Hofstra students who received Roman Annual Scholarships. Mr. Roman interviewed all students personally.




Dean Sodano presents Anthony Dalessio ('80), KPMG's lead partner for the city of New York, with a plaque in appreciation of his participation in the Executive Speaker Series.









Lawrence Roman

On a crisp October morning last year, Lawrence Roman '77 was in Hofstra Hall interviewing applicants for the Lawrence Roman Annual Scholarship for the Frank G. Zarb School of Business. "I like to work with people individually," he said. "That's my personality." Mr. Roman met candidates over a span of three hours and awarded 29 scholarships. He said he was looking for three things: "genuine need, personal characteristics such as genuineness and kindness, and how serious they are in their studies."

Among the scholarship recipients were Tatiana Gamarra, an M.B.A. candidate from Peru who expects to graduate in 2008. She currently works full time and receives a partial scholarship. Yuting Hung, another recipient who plans to graduate with an M.B.A. this year, is from Taiwan. James Gilligan is hoping to graduate in 2009 with a B.B.A. in marketing and two minors, and said the scholarship would ease the financial burden on his family. Perhaps Mr. Gilligan spoke for all of Mr. Roman's beneficiaries when he said, "I think it's great when someone values education so much that they're willing to help others."

Mr. Roman established the scholarship in 2006. His mother had passed away, and he wanted to do something meaningful with the inheritance. "When you've been fortunate like I have, you try to do the right thing for the right people."

Mr. Roman has applied his direct approach in the business world with great success. A third-generation plumbing contractor, he joined the family business in 1978. "Then I just kept growing the business," Mr. Roman said. Today, Mr. Roman is president and chief operating officer of WDF Services and chief executive officer of WDF, Inc. WDF Services, a holding company that includes WDF, Inc., and Nagelbush Mechanical, Inc., is one of the nation's leading mechanical and specialty contractors. In August 2007 WDF, Inc., the company that Mr. Roman built, was ranked by New York Construction magazine as New York's second largest specialty contractor, behind only EMCOR.

Mr. Roman's company has won the bidding wars for some of the biggest plumbing contracts in recent New York history, including Time Warner Center, 7 World Trade Center and its current project, the Goldman Sachs building. And, yes, he's worked for Donald Trump. "My mom and his mom were very close," he said. "Back in '95, I needed some work and I asked my mom if she would ask Mrs. Trump to set up a luncheon with her son. I knew Donald wouldn't take a call from anyone but his mother." The meeting paid off in a couple of projects for WDF, Inc. About his dealings with Mr. Trump, Mr. Roman said, "When it came to getting the price for his work, he beat me down the way he'd beat anyone else down. But he paid me every dollar he owed me. He was wonderful to work for."

The growth of Mr. Roman's plumbing business has taken some interesting twists and turns. In 1988 he sold the company, then called R&C Corporation, to Jamaica Water Properties, which became EMCOR. But in 1995 he bought it back at "a much reduced sum" and formed WDF, Inc. "I did much better with it than they did," he said. He sold the company again, in 2000, to KeySpan, but bought it back again in 2005. In 2007 he merged his company with Nagelbush Mechanical, creating WDF Services, and he sold an equity stake in the company to Eos Partners.

Anthony N. Dalessio

Anthony (Tony) Dalessio '80, CPA, a partner with the Big Four accounting and advisory firm KPMG LLP, recently gave a generous corporate gift to Hofstra University. This included contributions from other Hofstra alumni working at the firm, with funds matched by KPMG LLP. "On an annual basis, we reach out to alums at KPMG. We believe it's a way of showing our support to our University, which we are all proud of being associated with," Mr. Dalessio explained. Mr. Dalessio credits the opportunities he had at Hofstra for launching his career. An accounting major, he served as secretary of Beta Alpha Psi, an honorary organization for financial information students and professionals, in his junior year and as vice president in his senior year. "This gave me the chance to meet many of the CPA firms' representatives who were on campus," he said. Mr. Dalessio was also a faculty assistant to Dr. Ralph Polimeni, the Chaykin Endowed Chair in Accounting and former dean of the Frank G. Zarb School of Business (who is now vice provost for accreditation and assessment). "Dr. Polimeni was absolutely outstanding," he said. "He has been extremely helpful in coaching me throughout my career."

After graduating cum laude with a B.B.A., Mr. Dalessio joined KPMG as an intern. With the exception of 10 years when he served as deputy director general of The American Institute of Certified Public Accountants (Auditing Standards Board) and the International Federation of Accountants, he has been at KPMG his entire career. "The 10 years I spent outside the firm were a unique opportunity for someone my age," he said. "I was given the opportunity to see the accountancy profession from many different perspectives, to travel around the globe and to affiliate with leaders of the profession in many different nations, and to learn their local laws and culture." As KPMG's lead partner for the city of New York, Mr. Dalessio has responsibility for audit, tax and advisory services for any city or state agency within New York City. He has led the firm in working with the city and the Port Authority of New York and New Jersey in the redevelopment of the World Trade Center site - a responsibility he is considers an honor. Among other client responsibilities, Mr. Dalessio leads KPMG's advisory services practice for Long Island. He was also appointed to KPMG's first Partnership Council, presenting the views of partners across the country to the firm's CEO and Chairman. In addition, Mr. Dalessio is in charge of the firm's performance management process for KPMG's advisory services practice in the Northeast region.

Mr. Dalessio was an adviser to the Zarb School of Business and a member of the advisory council appointed to review the University for AACSB accreditation. In 2007 he returned to Hofstra as a participant in the Zarb School's Executive Speaker Series. Mr. Dalessio has served on a number of professional committees and organizations, including the Long Island branch of the American Heart Association, the Port Washington Union Free School District, and the Farmingdale Adult Day Care Center. He was a 2005 David Rockefeller Fellow to the Partnership for New York City. Mr. Dalessio resides in Sands Point, Long Island. When asked what motivates him, he responded, "I enjoy being successful by serving my clients and by seeing young team members advancing and learning from my past experiences."

Class Notes


Steve Haar (B.B.A.) of Bayville, NY, retired as vice president of Handy Store Fixtures almost three years ago, having been with the company for over 35 years. Steve and his wife Mary Ann, whom he met at a Theta Kappa fraternity house party while at Hofstra, just celebrated their 43rd anniversary with their son and two daughters, two of whom received degrees at Hofstra. Steve serves on the board of directors for the United States Tennis Association on Long Island, is affiliated with the Intercollegiate Tennis Association, and is a certified instructor with an active program for kids and adults. He participates in the Long Island Senior Games each year in golf, tennis and racquetball, is a political activist, manages investments, and takes college courses periodically. He is also a volunteer with the Hofstra CAAN program, and a member of the Hofstra Pride Club…


Terence E. Smolev (B.B.A.) of Roslyn, NY, has been elected to the board of trustees of Dowling College, located in Oakdale, NY. Attorney Smolev is a partner at the Mineola-based law firm Forchelli, Curto, Schwartz, Mineo, Carlino & Cohn, LLP…


Paul J. Flora (B.S.) of Massapequa Park, NY, a senior vice president and auditor for AXA Financial Inc., has been named Princeton Premiers Honored Member in Business. He is a reunion co-chair for the class of 1968…Kenneth Kuscher (B.B.A.) of Boynton Beach, FL, has been selected by the U.S. Army to serve on the Philip A. Connelly Awards Committee which inspects U.S. Army foodservice facilities all over the world to select the top operation of that branch of military. He was the only civilian chosen to be part of this special committee of three experts…


Martin Press (B.B.A.) of Fort Lauderdale, FL, was recognized by Chambers USA 2007 as a top lawyer amongst those practicing in the area of tax-related issues. He has also been named one of the top taxation lawyers for South Florida…


Kenneth J. Witkin (B.A.) of Brookline, MA, has been named president and chief executive officer of CBRE Realty Finance Inc.…


Robert O. Mayer

Warren Meierdiercks

Robert O. Mayer (B.B.A.) of Woodbury, NY, has been featured in Long Island Business News "Who's Who in Accounting." Mr. Mayer, CPA, is managing partner at Mayer & Company LLP, a full service certified public accounting firm with offices in Woodbury, Westhampton Beach and New York City…


Howard Dewey (B.B.A.) of Huntington Bay, NY, is currently employed as senior vice president and chief financial officer for the Institute for Community Living. The Institute for Community Living is the largest provider of services for the mentally ill in New York City. Mr. Dewey and his wife, Tracy, recently celebrated their 22nd wedding anniversary and are expecting their first grandchild in January…Daniel T. Henry (M.B.A.) of Rockville Centre, NY, has been named executive vice president and chief financial officer of American Express. He will be responsible for leading the company's finance organization and representing American Express to investors, lenders, and rating agencies…Wayne Hoeberlein (B.B.A., J.D. '77) of Washington, DC, has joined UHY Advisors FLVS, Inc. as managing director in the firm's New York office. He will serve as the practice leader for the firm's litigation services practice in New York City and is the latest experienced litigation consultant to join UHY Advisors' growing team of professionals providing consulting services related to investigations, disputes and litigation…Warren Meierdiercks (B.B.A) of Seaford, NY, is the superintendent of the Sewanhaka Central High School District…


Ronald LaSerra

Daryl Jo Greenwald (B.B.A.) of Brookhaven, NY, had her poem, "Mary Magdalene's Beloved Fable," published in Concert magazine…Ronald LaSerra (B.B.A., M.B.A. '77) of Farmingville, NY, has been appointed a financial services representative /investment advisors representative with North Shore Financial Group, an office of MetLife in Hauppauge, NY…


Frederick C. Johs (B.B.A.) of Melville, NY, is one of the founding partners of Lewis Johs Avallone Aviles LLP with offices in Melville, Riverhead and New York City. He serves as senior trial partner in all areas of litigation…


Sal Gervasi (B.B.A.) of Massapequa, NY, a former district manager of Administaff's New York office, has been named district manager of the company's new Long Island office in Melville…John S. Hodgson (M.B.A.) of Tempe, AZ, is chief financial officer of Syntax-Brillian Corporation, a manufacturer and marketer of LCD and LCoS™ HDTVs and digital entertainment products…


Debra N. Oster (B.B.A.) of Oceanside, NY, has been featured in Long Island Business News "Who's Who in Women in Professional Services." Ms. Oster, CPA, is director of tax compliance at Margolin, Winer & Evans LLP in Garden City, NY…


Diane Lazuta (M.B.A.) of Freeport, NY, has been featured in Long Island Business News "Who's Who in Banking". Ms. Lazuta is regional manager for Citibank's 78 Financial Centers on Long Island…Ilene Schuss (B.B.A, M.S.Ed. '04, ADVCRT '07) of Oceanside, NY, attended Hofstra's Summer Certificate program to extend her NY State Mathematics teaching license into grades 5-6. She has been helping local area alumni connect to Hofstra as Planning and Events Coordinator of the Nassau Alumni Chapter and as Executive Council representative for the SOEAHS Alumni Association. She has been on a quest to encourage local area alumni to provide updated emails to Hofstra so they can hear about exciting events happening on campus. Ilene currently is teaching Mathematics at Lynbrook High School…


Julio A. Portalatin

Joseph M. Salvator

Thomas J. Clarke

Michael Lang

Kathryn Marinello

Steve Bartels

Lawrence Byrne (B.A.) of Pelham, NY, is a litigation partner at the international law firm, Linklaters LLP, and has been named the co-managing partner-U.S., of Linklaters' New York office where he is also the head of the litigation department…Jerome Nevitt (B.B.A.) of Freeport, NY, is celebrating twenty years of marriage, with two daughters, 13 and 18 years old. He works as a computer technician…Julio A. Portalatin (B.B.A.) of Princeton Junction, NJ, has been promoted to president of AIG Europe, S.A., and president of AIUs Continental European Region, based in Paris. He has served as president of the AIU Accident and Health Division since 2002…Joseph M. Salvator (B.B.A.) of Lake Grove, NY, is a partner at Biscotti, Toback & Company in Rockville Centre. He was featured in "Who's Who in Forensic Accounting" for his integrity as an auditor and his expertise in finance…


Diane Giordano (B.B.A.) of Farmingdale, NY, has been featured in Long Island Business News "Who's Who in Women in Professional Services." Ms. Giordano, CPA, CFP is a senior tax manager at Marcum & Kliegman's Melville office…


Thomas J. Clarke (M.B.A.) of Bridgewater, NJ, was elected director of LiveDeal, Inc., the nation's first combined local online classifieds and Yellow Pages marketplace. Mr. Clarke was recently featured in the 2007 Silicon Alley annual list of the 100 most influential folks in New York digital business, ranking 26 out of 100…


Michael Lang (B.B.A.) of Hauppauge, NY, joined the firm Rosen Seymour Shapss Martin & Company LLP, Certified Public Accountants and Profitability Consultant, as a principal. Mr. Lang has been providing auditing, accounting, tax, and consulting services for over twenty-three years……Kathryn Marinello (M.B.A.) of Minneapolis, MN, has been elected to the General Motors Corp. Board of Directors…


Robert Ballan (B.B.A.) of Incline Village, NV, is founder and CIO of RB Capital Management LLC, a money management firm with over $150 million in assets under management…Steve Bartels (B.B.A.) of Riverside, CT was promoted to president/COO, Island Def Jam Music Group…Karen Parrish-Deesing (M.B.A.) of Babylon, NY, is proud to announce that her daughter, Tracey Lee, is currently a sophomore at Villanova School of Business in PA and that her son, Francis James, is currently a freshman at Saint Francis University, also in PA, majoring in management…


Robert Cirabisi (B.B.A.) of Commack, NY, has been named chief risk officer and interim head of internal audit at CA, Inc…


Lisa M. Ricciardi (B.B.A.) of Massapequa, NY, has been featured in Long Island Business News "Who's Who in Women in Professional Services." Ms. Ricciardi CPA, DABFE, DABFA, is a partner at Armao, Costo & Ricciardi, CPAs PC; with offices in Valley Stream, NY, New York City, and Greenwich, CT…


Deborah Brown-Volkman

Karen Amato (B.B.A.) of Syosset, NY, has been featured in Long Island Business News "Who's Who in Women in Professional Services." Ms. Amato is an audit partner in KPMG LLP's assurance practice on Melville, NY… Eileen Nolan (M.B.A.) of Farmingdale, NY, was featured in Long Island Business News "Who's Who in Banking" for recently joining the Nassau Educators Federal Credit Union (NEFCU) in Westbury as senior vice president, marketing and community relations…Dawn Walker (B.B.A.) of Mooresville, NC, received her M.A.Ed. in June and is employed as a fifth grade teacher at Mount Mourne Elementary School in Mooresville NC…Deborah Brown-Volkman (B.B.A.) of East Moriches, NY, has published her fifth book, How to Feel Great at Work Every Day. Deborah is a professionally certified coach, motivational speaker, and the president of Surpass Your Dreams, Inc. She provides career coaching for senior executives, vice presidents and managers who are looking for new career opportunities or seeking to become more productive in their current roles…

Dawn Walker


Eric Goldstein (B.B.A.) of Sandy Hook, CT, and his sister Joelle Goldstein Cohn (B.B.A. '91) of Charlotte, NC, have started a company called Sporty Minds. They have developed a DVD targeted to children ages two and up that teach children their ABC's through sports imagery. To learn more about Sporty Minds, visit…


Augusto Esclusa (B.B.A.) of Coconut Grove, FL, is vice president of multi-cultural marketing at Citi One Bank…Joelle Goldstein Cohn (B.B.A.) of Charlotte, NC, and her brother Eric Goldstein (B.B.A. '89) of Sandy Hook, CT, have started a company called Sporty Minds. They have developed a DVD targeted to children ages two and up that teach children their ABC's through sports imagery. To learn more about Sporty Minds, visit


Matthew J. Shelhorse

Jeffrey Barber (M.B.A.) of Plainview, NY, was promoted to senior vice president/team leader in the State Bancorp Commercial Lending Division…Curtis Barnhill (B.B.A.) of Selden, NY is now the managing director of SMART Business Advisory and Consulting LLC's New York firm…Thomas Hanik (B.B.A.) of Farmingdale, NY, was featured in Long Island Business News "Who's Who in Title Insurance." Mr. Hanik is senior title consultant at CLE Abstract in Amityville, NY… Michael Minars (B.B.A.) of Massapequa, NY, has been named a chair on Logicworks independent advisory board of select business leaders. Mr. Minars is the chief financial officer of Millennium Technology Ventures. He is responsible for all of the financial operations, accounting procedures, and reporting functions as well as structuring transactions, monitoring portfolio company performance and performing financial diligence…Namira Salim (B.B.A.) of Southern France is poised to become the first Pakistani woman astronaut, having successfully completed her space flight training at a facility in the U.S. ahead of blasting off into space in the world's first commercial space liner, Virgin Galactic, in 2009. She was Hofstra's Alumna of the Month in March 2008…Daniel Sheinwald (B.S.) of Marlboro, NJ, is now the senior vice president of business development for ExpertPlan…Matthew J. Shelhorse (M.B.A.) of Huntington, NY, is a director in PricewaterhouseCoopers' Investigations & Forensic Services Practice in Melville. He has been featured in Who's Who in Forensic Accounting for providing accounting, financial, operational and investigative expertise to attorneys, corporate clients, individuals and governmental agencies assisting them in a variety of matters including the investigation of embezzlement, misappropriation of assets, FCPA violations, contractual disputes and money laundering as well as the performance of risk assessments, royalty audits, arbitrations and purchase price disputes…


Carlo Gambale (B.B.A.) of Commack, NY, is a partner in Computer Information Solutions Firm, Nextlevel Information Solutions in Lido Beach. He is a partial owner of a large recording studio and music venue, 3MB Recording Studies, in Smithtown, New York. He is married to Tanya Schulte (B.B.A. '95). They have two children; Hayley and Christopher…


Michael McCreesh

Gregory T. Rinckey

Arisleyda Maldonado (M.B.A.) of Glen Cove, NY, serves on Merrill Lynch's Diversity Council for the Long Island region…Michael McCreesh (B.B.A.) of Southport, CT, has been named "hero father" by Best Life Magazine for his passion and commitment to his family and especially for his dedication to his son, Brent…


Carrie Quinn (M.B.A.) of East Northport, NY, has been featured in Long Island Business News "Who's Who in Women in Professional Services." Ms. Quinn is a partner at PricewaterhouseCoopers LLP…Gregory T. Rinckey (B.B.A.) of Albany, NY, the managing partner of Tully, Rinckey & Associates, writes a syndicated column for the Federal Times, "Ask the Lawyer," which focuses on topics including employment law, federal procurement law, and general litigation…Seth Weingarten (B.B.A.) of Fanwood, NJ, was recently promoted to vice president of network technology at National Cable Communications. Seth resides in New Jersey with his wife, Karyn (B.A. '96, J.D. '99), and their two children, Lillian Rose and Perry Michael…


David Scileppi (B.B.A.) of Plantation, FL, is a corporate and securities attorney at Gunster, Yoakley, and Stewart where he recently handled the multifaceted mergers and acquisitions, securities, and bank regulatory issues regarding the Gunster Yoakley Corporate Team representation in the First United Bank and Equitable Bank merger. In addition to serving as president of Hofstra's South Florida Alumni Chapter, he is also a co-founder of Orbis, a new organization that has emerged for young professionals to develop their personal and business relationships while helping build an energetic South Florida…


Jeremy Wolk

Jeremy Wolk (J.D. /M.B.A) of Mineola, NY, joined the Rochester office of Nixon Peabody LLP as an associate in the firm's Private Company Transactions Group where he represents clients in matters including contract negotiations, corporate acquisitions, securities requirements and operational agreements …


Adam Cantiello (B.B.A.) of Oakdale, NY, is a financial and investment advisor with Goodman Financial Group, MetLife. He works with businesses of all sizes designing and implementing employee benefit programs…Michael T. Hanley (B.B.A.) of Kings Park, NY is the managing partner of Merl & Hanley, LLP, and has been elected president of the Irish Business Network, an organization of 120 Irish business owners and financial professionals from Suffolk County. The Irish Business Network strives to assure progressive, orderly community development; support effective government at all levels, and maintains a good climate for a sound expanding economy. Mr. Hanley was recently named "One To Watch" in the field of accounting by Long Island Business News…


Christopher Franks (B.B.A.) of Long Beach, NY, is currently working for Morgan Stanley on Wall Street, managing documentation on large financial transactions…

Andersen Coleman Fantini
Bella Grace, Mitchell Joseph & Matthew Daniel

New Arrivals:

Bella Grace born to Brendan (B.A. '98) and Gina (Recine) Andersen (B.B.A. '99), and big brother, Nicholas Joseph

Mitchell Joseph born to David (B.B.A. '87) and Laurie Coleman, and big sisters, Brenna, 4, and Meghan, 2

Matthew Daniel born to Karen (McNeil) Fantini (B.B.A. '93, M.B.A. '96) and Paul Fantini (B.A. '96) and big brother, Joey

Daniel Ryan born to David (B.B.A. '02) and Alyson (Mittleberg) Gass (B.A. '02, M.A. '04)

Reilly Benjamin and Joshua Hayden born to Douglas (B.B.A. '90) and Beth Moini

Dylan Richard born to Steven (B.B.A. '03) and Nicole Van Bochoven.

Adriana Delainey born to Anthony (B.S. '98) and Danielle (Kolb) Willis (B.B.A. '98)

Gass Van Bochoven Willis
Daniel Ryan, Dylan Richard & Adriana Delainey


David E. Ellis (B.B.A. '04) and Noreen E. Gass (B.A. '04)

In Memoriam:

George Asseng (B.B.A '57, M.B.A. '61)

Richard Eugene Ast (B.B.A. '52)

Louis Auricchio (B.B.A. '59)

William Beckert (M.B.A.'58)

Thomas J. Finneran (B.B.A. '65)

Leonard Franck (B.B.A. '60)

William J. Gray Jr. (B.B.A. '63)

Richard Haas (M.B.A. '75)

Arthur Haje (B.B.A. '65)

Robin Kugelman Holstein (B.B.A. '85)

Roger Kendall (B.B.A. '64)

Hervey Kimball (B.B.A. '55)

Seymour Kulick (B.B.A. '60)

Walter J. Luger (B.B.A. '65)

Eugene McAuliffe (B.B.A. '67)

Raymond J. Moran (B.B.A. '72)

Ashirah Naphtali (J.D.M.B.A. '83, M.B.A. '84)

Victoria Rogers (B.B.A. '96)

William Rothaug (B.B.A. '62)

Stanley Shurpin (B.B.A. '65)

Gary Steinsmith (B.B.A. '79)

Raymond Strauber (B.S. '52, M.B.A '53)

Harold Joseph Sullivan (B.B.A. '66, M.S.Ed. '67)

Anthony Todaro (B.B.A. '05)

Stanley J. Upbin (B.B.A. '56)

Walter R. Wendel (B.B.A. '69)

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