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 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
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
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)
Beta Alpha Psi chapter adviser Prof. Linda Schain. Dr. Ralph Polimeni, vice provost for accreditation and assessment and Dominic Marsicovetere, retired Accounting Department administrator
Beta Alpha Psi 2008-2009 executive officers Kristina Mendez, Caroline Kirkwood and Shamin Habid
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 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
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
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.