Wednesday, January 28, 2009

A Message From Dean Salvatore F. Sodano


Our faculty, administration and staff have dedicated countless hours in the past two years to the AACSB - The Association to Advance Collegiate Schools of Business' reaccreditation process. Our efforts were rewarded: The review team's assessment was strong - perhaps the strongest in the history of our school. At the successful conclusion of this process, I would like to take this opportunity to provide an update on the considerable progress the Frank G. Zarb School of Business has made in the midst of these preparations. Importantly, the reputation of our business school continues to improve as the strength of our programs and graduates are officially recognized by the major college rating services. Increased visibility of the Zarb School has been further enhanced by the many high-profile speakers that continue to visit our campus every semester. These events inject a sense of vibrancy in our school, as our faculty and students are engaged by business leaders, government officials and leading academics.

We continue to be well ranked. In October, U.S. News & World Report released their rankings of the Best Undergraduate Business Programs, which is based solely on a survey of deans and senior faculty of AACSB-accredited schools. I am delighted to report that out of the more than 550 schools that share this fine credential, the Zarb School was ranked #121. In August, BusinessWeek released the results of a new study which ranks the earning potential of midcareer professionals based on their undergraduate alma mater. Hofstra University was cited in The Colleges with the Biggest Returns listing, ranking 48 out of the top 52, which includes such institutions as University of Pennsylvania, New York University, Villanova University, Boston College, and Fordham University. Additionally, our graduate program is included with other prestigious institutions in The Princeton Review's 2009 edition of the Best Business Schools, a ranking compiled from surveys of 19,000 students from AACSB-accredited M.B.A. programs. We are making every effort to be recognized as one of the nation's highly-rated business schools. Our student profile was significantly enhanced by the quality of students in our new day M.B.A. program which commenced this semester. This 32-student cohort, representing seven different countries, boasts average GPAs of 3.2 and GMAT scores of 620. (Read Zarb New Full-Time M.B.A. Program Off to an Impressive Start for further details.)

In August, our reputation was further solidified when The Global Association of Risk Professionals (GARP) established a chapter at Hofstra University. GARP, the leading professional association dedicated to the advancement of the risk profession, has only eight college chapters. For a review of this, as well as other achievements, read Accomplishments of Our Students and Faculty.

The caliber of events taking place on the Hofstra campus is indeed impressive. In September, as a prelude to the final presidential debate, the Zarb School hosted a panel on Economic Issues Facing the Presidency, featuring former Treasury Secretaries Paul O'Neill and Robert Rubin. The day before the debate, a group of students, faculty, administrators and trustees joined Hofstra President Stuart Rabinowitz as he rang the opening bell at NASDAQ. In November, the Zarb School hosted a Socratic panel on crisis management. A group of high-profile professionals were assembled to play the roles of a corporation's top executives, reacting onstage to a simulated crisis. Also in November the Zarb School, through its Merrill Lynch Center for the Study of International Financial Service and Markets, presented a conference on Causes and Effects of the Recent Financial Bailout featuring, among others, Lewis Ranieri, the father of mortgage-backed securities, and Richard Ketchum, C.E.O. of New York Stock Exchange Regulation. (Read Highlights from Recent Events.)

We are already reaping the benefits of our newly reorganized Zarb School Alumni Association, a group that now represents all Zarb undergraduate and graduate alumni. Under the direction of Ed Watson (M.B.A. '89), networking and fund raising opportunities have significantly increased. In fact, the momentum of our fund-raising efforts recently accelerated when Ed made a very generous gift to the Zarb School. Ed shares his thoughts in Zarb Alumni Support Their Alma Mater. Stacey Goldyn-Moller, the recently-appointed director of alumni relations, reports on the progress that has been made organizing alumni groups and networking receptions across the country. (Read: Zarb School Alumni Association.)

Finally, the Zarb School is deeply saddened by the passing of Robert Brockway, a devoted alumnus, trustee, professor and friend. Please take a moment to read our special tribute to Bob.

Thank you for your continued interest in the Zarb School.

A Tribute to Robert E. Brockway

Robert and Hope Brockway

The Zarb School was deeply saddened by the passing of Hofstra Trustee Emeritus Robert E. Brockway (B.B.A. '46) in October. Bob's devotion to Hofstra University, and especially the Zarb School, was profound. Throughout his business career, Bob was active in the Hofstra community. Upon retirement, he devoted even more of his time and energy to his alma mater, serving on the Hofstra University Board of Trustees from 1984 to 1995, assuming the roles of vice chair and chair of the University Relations Committee. In 1987 he returned to the Zarb School as a professor of marketing, a senior executive-in-residence, and a special assistant to the dean. In 2006, Bob and his wife, Hope - a Hofstra alumna - were honored with the Marjorie and James M. Shuart Alumni Family Award for their many years of service and friendship to the University.

Bob enjoyed a successful business career: His innovative spirit propelled him to the forefront of many new industries. His first business venture - Brockway Camera Corporation - became the first U.S. distributor of Olympus and Canon cameras, opening the American market to Japanese cameras. As general manager of Manhattan Cable TV in the 1960s, he was a pioneer of cable television. In the late 1960s and 1970s, he was president of CBS Video Recording, the precursor to home video. Finally, as chairman of Olympus Camera in the 1970s, he led the single lens reflex revolution.

The memory of Robert Brockway - his remarkable marketing career and his many contributions to Hofstra - will live on at our school. In September 2007, his son Peter established a distinguished professorship in marketing in his father's name.

The Zarb School extends its deepest sympathy to the entire Brockway family.

Zarb Alumni Support Their Alma Mater

A Discussion with Ed Watson (M.B.A. '89)

Ed Watson is the former worldwide head of capital markets and private client operations at Citigroup Global Markets Inc. He is currently the President of the Zarb School of Business Alumni Association and a proud benefactor of his alma mater.

Ed Watson (M.B.A. '89)
Ed Watson (M.B.A. '89)

Why is it important for alumni to be involved at Hofstra?

"First, there is a non-quantifiable give-back factor. Those of us who have experienced a degree of success owe the institutions that lent us that success. Second, alumni also benefit from the enhanced reputation of [our alma mater]. This creates a "virtuous circle." Third, as potential employers we can identify the best students with the highest potential. By setting up internship programs, we have a free look at students and they have a free look at potential employers to see if it is a good fit for both. By recruiting the best students and giving them positive job experiences, a "virtuous circle" is once again created. They spread the word on campus that your company is a great employer."

What is your perception of Hofstra as an alumnus?

"Hofstra is a tremendous institution that is a credit to the local community. I am very proud of Hofstra and, in particular, the Zarb School. I think Dean Sal Sodano is doing a fantastic job along with his team. I look forward to great things and will do anything I can to help the university and its students obtain their goals."

What advice do you give current students?

"Have an open mind. My general advice is that you have a long career ahead of you. Where you start is not indicative of where you will end up or the journey you are going to take. Everything you do from your first day on the job up until the day you retire is going to impact your career. My advice is to remember that everything is a learning experience. Be a student of business. Be a student of the market."

What kinds of activities are being planned for graduates?

"We are re-invigorating the alumni association. Dean Sodano very graciously asked me to be the president of the alumni association, of which I am proud and honored to be a part. On a number of fronts, we will be engaging both alumni and students to help us further the causes of the association: Expanding networking and mentoring opportunities for students and alumni."

What can graduates and students gain by being active with the alumni association mentor program?

"In my previous position, we had a two-year analyst program. Of the 25-35 students we hired every year, five to eight were from Hofstra. We set up mentoring relationships for these analysts on two levels. One was a mentor who was two to three years ahead of them so they could connect from a generational stand point. Then we set up mentor relationships with more senior people, giving these analysts a totally different perspective. We found this system to be very successful. Our mentor committee is generating different ideas on how we will implement the Hofstra program."

Due to the current job market, do you think it is advantageous to pursue an advanced degree from Hofstra?

"Yes, change breeds opportunity and you have to pursue that opportunity. If you're in a distressed industry or dealing with a job loss you can use that time productively to come back to Hofstra and gain an additional degree. It allows you to look from the outside in to find out what new developments are in your area of interest. It also allows you to gain a new skill set you otherwise would not gain. Opportunities will present themselves. There are tremendous opportunities that come out of getting a degree."

Are there any words of wisdom you would like to share?

"With change there are always challenges. With change there are always opportunities."

Ed shares his enthusiasm for Hofstra University and the Zarb School in the hope that other alumni will be similarly inspired. If you are interested in giving to your alma mater, go to:

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

Update: Zarb School Alumni Association

Stacey Goldyn-Moller
Stacey Goldyn-Moller, director for alumni affairs, alumni relations liaison to Zarb School of Business

The Zarb School of Business Alumni Association held its first council meeting on Thursday, November 13, 2008. President Ed Watson (B.B.A.'83) received reports from the committees of the Alumni Association as well as invited Zarb student leaders, and the council will be moving forward with strategic recommendations focused on increasing networking and fundraising opportunities in 2009.

The following committees welcome new Zarb Alumni membership. Please e-mail Stacey Goldyn-Moller, director for alumni affairs, regarding your interest in joining one or more of the following committees:

  • Fundraising and Scholarship

  • Communications

  • Events and Regional Activities

  • Leadership

  • Career Networking and Advisement

The next meeting of the Zarb Alumni Association Council will be on Thursday, January 22, 2009, at 7 p.m., at the Shapiro Alumni House, South Campus. If you are interested in attending and being part of the Zarb Alumni Association Council, please e-mail or call (516) 463-7580 by Monday, January 12.

Recruit Hofstra Students Through PrideRecruiting!

PrideRecruiting is an established and successful resource for current students at Hofstra University that offers employers the opportunity to interview and recruit top graduates from our nationally-accredited programs. Starting this past fall, The Career Center at Hofstra launched a new "rolling interview date," which allows employers to select their interview date of choice each semester. As a result, the number of student interviews more than doubled this fall to 1,638 interviews for full-time and internship opportunities. Zarb School alumni are invited to encourage their employers to participate in the PrideRecruiting program at Hofstra. To recruit Hofstra undergraduates and M.B.A./M.S. students for our spring 2009 semester, please visit, click on "Services for Employers," where you should select "On Campus Recruitment."

Undergraduates Speak Out: What Makes the Zarb School Unique?


"The Zarb School of Business is unique because of its professors. The professors here are extremely intelligent, helpful and friendly, making the student's learning experience enjoyable and valuable."

Marisa Ikeda-Iyeki

Senior, Finance Major

Zachary Pilz

"The challenging academic competitions the Zarb Business School participates in - such as the accounting case study competitions - provides students with real-life quandaries that give them an edge in such a competitive job market. Students are able to differentiate themselves from others due to a great learning experience provided by top-flight professors."

Zachary Pilz

Junior, Accounting Major

Annie Harwani

"The Zarb School is unique in not only having stellar, well-connected faculty, but also the fact that they are there for their students every step of the way. The faculty are engaging in class and provide students with many opportunities for extra help with everything from class-related issues to career guidance. The Zarb School also provides students with many opportunities to expand their horizons, including research assistant positions, industry speakers and internships."

Annie Harwani

Senior, Marketing/International Business Major

Jennie Kaplan

"The Zarb School of Business offers small classes so students have a better chance of developing personal bonds with their professors. The professors take time out to e-mail their students about internship opportunities, and are always keeping our best interests at heart."

Jennie Kaplan

Junior, Marketing/Legal Studies in Business Major

Zarb New Full-Time Day M.B.A. Program Off to an Impressive Start

Full-Time Day M.B.A. Program Photos
l to r: Full-time day M.B.A. students enjoy their visit to New York's financial district; Full-time day M.B.A. students assemble outside C.V. Starr Hall; Zarb graduate students investigate the many student organizations at the Fall 2008 Welcome Reception.

The new full-time day M.B.A. program, geared especially toward high-performing students, has gotten off to an excellent start. Thirty-two students, representing seven countries, began the program this semester. Their credentials are impressive, with an average GPA of 3.2 and average GMAT score of 620. Strong bonds have already formed between these students due to the many social, educational and career-centered programs that are integral to their curriculum. Graduate Business Career Services has introduced an innovative Career Management Program. Each semester, students must attend programs to address four components of career management: career goals; resume writing; networking; and interviewing. In spring 2009, an exciting component will be added - The Executive Mentorship Program - which will be a joint effort between Graduate Business Career Services and Zarb alumni.

There are many opportunities for new graduate business students to become involved. More than 70 Zarb M.B.A./M.S. students attended the "Fall 2008 Welcome Reception for New Students," an interactive networking event with faculty and second-year students. New students were introduced to the 12 graduate business student organizations, all of which contribute greatly to the Zarb experience.

Thinking About Pursing Full-Time Graduate Studies?

Consider the Zarb M.B.A. Program!

The Zarb M.B.A. program provides students with an integrative curriculum that enhances their skills across the business disciplines, while enabling them to take several advanced courses in an area of concentration, such as accounting, finance, information technology, international business, management, marketing, and others. The program has many benefits, including:

  • Scholarship support for those with high GPA and GMAT scores. An anonymous donor has provided significant funding for students in this program.

  • An "honors scholar" designation for outstanding students.

  • A cohort learning environment with strong class affiliation.

  • Excellent, personalized career support services, including a mandatory Career Management Program.

  • Enhanced student advisement services outside the classroom.

  • Accessible, student-focused faculty.

  • Location right outside of New York City.

  • State-of-the-art facilities, including the Martin B. Greenberg Trading Room.

  • Many networking and speaker events, featuring leaders from business, academia and government.

For information regarding the Zarb full-time day M.B.A. program contact Dr. Chuck McMellon at 516-463-6450 or by email. If you are interested in other Zarb graduate programs, contact Jeffrey Mon at 516-463-5238 or by email.

Accomplishments of Our Students and Faculty

Hofstra Quants & Traders
Members of Hofstra Quants & Traders with President Rabinowitz, Dean Sodano and Prof. Karagozoglu at the NASDAQ.

The Global Association of Risk Professionals Establish Chapter at Hofstra University

In August 2008, the Global Association of Risk Professionals (GARP), the leading professional association dedicated to the advancement of the risk profession, announced the establishment of a new college chapter at Hofstra University. Dr. Ahmet K. Karagozoglu was appointed college chapter director and Hofstra Quants & Traders (HQT) will be the main student organization sponsor, which Dr. Karagozoglu is also the adviser. This dual role will allow him to promote GARP and risk management much more efficiently among Zarb students. GARP currently has only eight college chapters in five countries. More than 78,000 risk management practitioners and researchers are members, representing banks, investment management firms, government agencies, academic institutions, and corporations from more than 167 countries worldwide.

Hofstra Business Consulting Group
Heather Clemons (M.B.A. '10), deputy director, Hofstra Business Consulting Group

The Hofstra Business Consulting Group Continues to Gain Praise

Since its origins in 1988, the Hofstra Business Consulting Group (HBCG) has grown to become a powerful source of strategic consulting for growing businesses in the New York metropolitan area. HBCG consultants are M.B.A. and J.D./M.B.A. candidates with related work experience. The group provides a wide range of business consulting services in accounting, information technology, finance, marketing, management, and international business. The HBCG has built a reputation within the Long Island business community for providing quality business consulting services to its clients: Growing enterprises benefit from cost-effective, efficient, quality business consulting services. Previous clients have included, among others: Chase; Chubb & Son; Long Island College Hospital; and the Government of Nassau County. Consultants believe the HBCG is a distinguishing feature of the Zarb M.B.A. program and is a considering factor when applying for admission. In fact, competition for consulting positions was especially strong this year. More than 40 Zarb graduate students applied for six available consulting positions.

Dr. Shawn Thelen
Dr. Shawn Thelen

Zarb Professor Shawn Thelen Publishes Article on Outsourcing

Dr. Shawn Thelen, associate professor of marketing and international business, published "Offshoring of Services: What Country Are You In?" in the Spring 2008 edition of Hofstra Horizons, a publication by the Office for Research and Sponsored Programs that features articles on research and creative activities conducted by Hofstra faculty. Dr. Thelen and his colleagues have focused on consumer sentiments toward offshoring, an area that has received scant attention in the research. Dr. Thelen contends that it is crucial for companies to understand exactly how domestic customers will react when they find out services are being offshored. Dr. Thelen has several research projects underway that address these issues, and has collaborated with Boonghee Yoo, Ph.D. (also of the Zarb School); Vincent P. Magnini, Ph.D. (Virginia Technical University); Earl Honeycutt, Ph.D. (Elon University's Love School of Business); Tatyana Thelen (consultant); and Thomas P. Murphy (alumnus of the Zarb School).

Robyn Brouer
Dr. Robyn Brouer

Zarb Professor Robyn Brouer Wins Award for Recent Paper

Dr. Robyn Brouer, assistant professor of management, entrepreneurship and general business, recently received a Literati Highly Commended Award from Emerald Publishing for her article, "When Person-Organization (Mis)fit and (Dis)satisfaction Lead to Turnover: The Moderating Role of Perceived Job Mobility." Every year Emerald Publishing invites the editors of the Journal of Managerial Psychology - many of whom are eminent academics or managers - to nominate one Outstanding Paper and up to three Highly Commended Papers published in their journal from the previous year. The other authors honored included A.R. Wheeler, V.C. Gallagher and C.J. Sablynski.

Natasha Puri and Adam Katz
Vice Dean Anil Mathur and Natasha Puri (B.B.A. '13)

First-Year Zarb Students Win Camp Business Awards

Two Hofstra first-year students, Natasha Puri and Adam Katz, received $500 gift certificates to the Hofstra University Bookstore, after attending Camp Business during high school and, subsequently, enrolling in the Zarb School. In summer 2007, the Zarb School, Continuing Education, and the Business Development Center, in conjunction with TD/Commerce Bank, presented the first "Camp Business - A Competitive and Fun Introduction to Business." This two-week summer program gave high school sophomores and juniors a rigorous and realistic introduction to business. The focus was on entrepreneurial studies and demonstrated the challenges of starting a business.

Dr. Elaine Sherman
Dr. Elaine Sherman

Zarb Professor Marks 20th Year Conducting News 12 Polls

Since 1988, Dr. Elaine Sherman, Zarb professor of marketing and international business, has supervised the Hofstra/News 12 public opinion polls. These polls provide News12 viewers a regular source of information about their own attitudes on issues important to them and their region. Moreover, the polls provide data for decision makers and other individuals interested in planning for the future of Long Island. These polls serve to enhance the image of both Hofstra University and News 12 as innovative providers of timely insights on Long Island. The results are broadcast to a potential audience of more than 2 million viewers. Poll results have also been reported by other television stations such as ABC and NBC and by newspapers such as The New York Times and Newsday. Five telephone polls are conducted each year, using Hofstra-trained student interviewers. There are at least 420 completed responses for each poll, with the interviewers calling every zip code in Nassau and Suffolk Counties. Recent topics have included holiday shopping, computers and the Internet, financial security perceptions and spending, buying products made in foreign countries, and the 2008 presidential election and the economy.

Dr. Andrew Spieler
Dr. Andrew Spieler

Finance Professor Andrew Spieler Interviewed by real estate

An interview with Dr. Andrew C. Spieler, associate professor of finance, was published in the November/December 2008 edition of real estate Dr. Spieler was asked about his recent research on the REITs market, especially his finding that analyst coverage increases REIT value. Dr. Spieler and his colleagues - who studied analyst activity at 247 equity, mortgage and hybrid REITs from 1985 to 2004 - attributed heightened REIT value with publicly-distributed earnings forecasts from sell-side analysts.

Barbara Church-Kattan
Barbara Church-Kattan

Barbara Church-Kattan, Director of Graduate Business Career Services, Organizes Work/Life Conference

Barbara Church-Kattan was a member of the corporate planning committee for the "13th Annual National Association of Mother's Centers Work/Life Conference: Sustaining Business, Family & Life on Long Island" that took place at the Crest Hollow Country Club in Woodbury, New York, on November 7, 2008. More than 250 participants attended, representing human resources managers, corporate executives and employers from diverse industries throughout the New York metropolitan area. Sustaining business and employer best practices during these difficult economic times was the primary focus of the conference.

Barbara is also on the planning committee for the upcoming Hofstra University Continuing Education's "Women in Career Transition: Possibilities, Opportunities and Strategies Conference," scheduled for Saturday, March 7, 2009. Women of all ages are invited to attend this informative and motivational conference for developing action plans for the next phase of your working life. Visit for registration information and conference details.

Highlights from Recent Events

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

July 2008

July 11, 2008: The Zarb School Hosts Alumni at Shea Stadium

Jim Wenk (M.B.A. '05) with his wife Susan.
Jim Wenk (M.B.A. '05) with his wife Susan.

Several members of the Zarb School Alumni Association and prominent benefactors and friends were guests of David Katz (B.A. '86), executive vice president with Sterling Equities and the New York Mets. Mr. Katz donated the owner's suite and several front row seats to Dean Sodano. Other Hofstra alumni that attended the event were Anthony Dalessio (B.B.A. '80), partner, Advisory Services, KPMG; Gary Diana (B.S. '80), owner, Diana and Yuras; Wayne Kolins, chairman, BDO Seidman; Frank Lackner (B.B.A. '89);  Ben Malerba (J.D. '01; M.B.A. '05), associate, Rivkin Radler LLP; attorney Tom Santucci (B.A.'93); and Jim Wenk (M.B.A. '05), managing director, Staubach Corporation.

September 2008

September 9, 2008: The President's Educate '08 Event Series and the Zarb School Present Economic Issues Facing the Presidency

Robert Rubin, Paul O'Neill
l to r: Robert Rubin addresses the audience at Hofstra; Paul O'Neill with Hofstra students at panel reception.

More than 800 students, faculty, administrators, community members and invited guests listened to former U.S. Treasury Secretaries Paul O'Neill and Robert Rubin address the important economic issues in the presidential campaign at the John Cranford Adams Playhouse at Hofstra University. Dean Sodano introduced the guests and Floyd Norris, chief financial correspondent for The New York Times and The International Herald Tribune, moderated the discussion. A question-and-answer session followed the presentations, during which Hofstra students were encouraged to engage these two distinguished speakers.

"Economic Issues Facing the Presidency" was presented by The President's Educate '08 Event Series, the Zarb School, the Peter S. Kalikow Center for the Study of the American Presidency, and the John D. Miller Fund at the Long Island Community Foundation.

September 22, 2008: The Zarb School Hosts Alumni Reception at Ernst & Young

Dean Sodano, Jeff Hoops (B.B.A. '75), Dr. Nathan Slavin and Dr. Ralph Polimeni
Dean Sodano, Jeff Hoops (B.B.A. '75), Dr. Nathan Slavin and Dr. Ralph Polimeni

Jeff Hoops (B.B.A. '75), partner, Ernst & Young, recently spearheaded an effort to establish a Zarb School alumni group within his company. A formal kickoff reception was held on September 22, 2008, during which a large group of Ernst & Young Hofstra graduates gathered to reminisce and come together to support their alma mater. Many members of the Zarb School's faculty and administration took part in this reception, including Dean Sodano; Ralph Polimeni, vice provost for accreditation and assessment; and Nathan Slavin, chair, accounting, taxation and legal studies in business. Ernst & Young employs approximately 98 Hofstra graduates, with 13 students hired in 2007 alone.

September 24, 2008: Dean's Roundtable Series: Demystifying Investment Banking

Joseph Donohue (B.S. '79) with Zarb students.
Joseph Donohue (B.S. '79) with Zarb student Erik Zablocki (B.B.A. '09)

The Zarb School Dean's Roundtable Series held its first event for the 2008-2009 academic year on September 24, 2008. Joseph Donohue (B.S. '79), managing director of Gleacher Partners, presented "Demystifying Investment Banking" to a select group of finance and business honor students. This represented a significant opportunity for our business students to interact with a successful, seasoned investment banker. Established in 1990, Gleacher Partners is a leading independent investment bank providing corporate strategic advice and investment management services. Mr. Donohue joined Gleacher Partners in 2003 after spending 19 years at J.P. Morgan, most recently as co-head of the U.S. media investment banking business. Earlier in his career, Mr. Donohue was a member of Morgan Stanley's merchant banking group. Mr. Donohue earned a B.S. in economics from Hofstra University and attended the Yale School of Management.

September 25, 2008: Zarb M.B.A. Students Attend Economics Club of New York Luncheon

Nine M.B.A. students from the Zarb School attended the Economics Club of New York luncheon on September 25, 2008 at The Waldorf Astoria. The keynote speaker was the Honorable Felipe Calderón Hinojosa, president of Mexico, who discussed his vision for his country. The students were the guests of Dean Sodano, who is a member of the Economics Club of New York. The Economics Club of New York is a distinguished institution that is nonprofit and nonpartisan, with the purpose of promoting the study and discussion of social, economic and political questions.

September 26, 2008: Zarb School's Department of Information Technology and Quantitative Methods Co-Host Second Annual American Society for Quality Lean Six Sigma Symposium

Dean Sodano gave the opening remarks at "Strategies to Achieve Successful Business Processes and Quality Improvements," a symposium that provided useful information on how to achieve a successful, balanced process and improve service quality. American Society for Quality (ASQ) certified six sigma black belts and practicing black belts shared success stories on strategies and tools used to implement Lean Six Sigma (LSS) methodology, resulting in bottom-line improvements in government, health care, process, manufacturing and service industries. The symposium complements the Zarb School's M.B.A. in Quality Management Program that was introduced in 2005.

The ASQ seeks to create better workplaces and communities by providing its members with the knowledge to improve business results. LSS is a business management strategy that encourages executive management to improve process efficiency and increase economic profit by utilizing metrics that recognize the alignment between stakeholder needs and corporate priorities.

October 2008

October 14, 2008: Zarb Students Attend NASDAQ Opening Bell Ceremonies

Dean Sodano with Chris Driscoll (M.B.A., December '08), The Hofstra contingincy in front of the NASDAQ tower in Times Square., Hofstra trustees, administrators, faculty and students join President Rabinowitz as he rings the opening bell.
Dean Sodano with Chris Driscoll (M.B.A., December '08); The Hofstra contingincy in front of the NASDAQ tower in Times Square; Hofstra trustees, administrators, faculty and students join President Rabinowitz as he rings the opening bell.

Twenty undergraduate and graduate business students joined faculty, administrators and trustees as Hofstra President Stuart Rabinowitz rang the opening bell at the NASDAQ on October 14, 2008, the day before the final presidential debate which was held on our campus. The ceremony, which was broadcast live, also featured remarks from senior NASDAQ representatives. Scenes from Hofstra University, as well as our logo and lion mascots, were displayed on the NASDAQ tower in Times Square.

October 22, 2008: Hofstra's Chapter of the Global Association of Risk Professionals Present "Risk Management in Today's Complex Financial Markets: How Can Analytic and Quantitative Tools Help?"

Hofstra students attend GARP meeting.
Venkat Mullur speaks at the GARP meeting.

Hofstra's inaugural meeting of its newly-formed Global Association of Risk Professionals (GARP) chapter featured three prominent risk professionals: Deepinder Dhingra, financial services industry consultant; Daniel Macri, senior account executive, Spotfire Analytics; and Venkat Mullur, senior director of industry solutions, TIBCO, which is the parent of Spotfire. The event was co-organized by Hofstra Quants & Traders which is also the main student organization sponsoring GARP's chapter at Hofstra. The event was attended by undergraduate and graduate students, recent finance alumni and industry practitioners. Presenters discussed the increased focus on risk management and the complexities involved in measuring risk given the magnitude of information and data generated from financial markets. They also showed examples of data analysis for risk management using analytical tools like Spotfire.

October 24-25, 2008: Zarb Women in Business Attend the National Association of Women M.B.A.s Annual Conference

Zarb Women in Business attend conference dinner.
Zarb Women in Business attend conference dinner.

Zarb Women in Business members attended the National Association of Women M.B.A.s (NAWMBA) national conference in Stamford, Connecticut. The conference, titled "Discover Your Potential," allowed these students to interact with corporate representatives and other graduate students from across the country, establishing connections and exploring professional opportunities. It also provided a forum for powerful and distinguished female professionals, including Kim Brown, vice president of finance, Wal-Mart; and Marilyn Carlson Nelson, chairperson, Carlson Group, to share their valuable career and business experiences.

NAWMBA is a not-for-profit organization dedicated to empowering women M.B.A.s in order to propel more women into leadership positions in corporate America and to enhance the diversity of the nation's workforce. Zarb Women in Business, which is associated with NAWMBA, provides networking, career opportunities and social interactions for women. The organization sponsors professional speakers, cultural events, and community service activities, and provides a supportive environment where female students and alumni can share concerns and experiences with each other.

October 29, 2008: Beta Alpha Psi Hosts Jeff Hoops (B.B.A. ’75), Partner, Ernst & Young

Linda Schain, Beta Alpha Psi faculty advisor; Dean Sodano; Jeff Hoops; Nathan Slavin, chair, Accounting, Taxation and Legal Studies in Business and Joe Maturando, Lead Recruiter, Northeast Sub-Area, Ernst & Young
Linda Schain, Beta Alpha Psi faculty advisor; Dean Sodano; Jeff Hoops; Nathan Slavin, chair, accounting, taxation and legal studies in business and Joe Maturando, lead recruiter, northeast sub-area, Ernst & Young

At their weekly meeting on October 29th, the Delta Pi Chapter of Beta Alpha Psi hosted Jeffrey Hoops (B.B.A. ’75), partner at Ernst & Young. Mr. Hoops spoke to the student members regarding the very timely topic of the importance of ethics in the accounting profession.

October 29, 2008: Zarb School Presents Women on Wall Street Panel

Zarb Women in Business with Barbara Ruguero and Mary Elizabeth Brennan (4th and 5th from right).
Diane Garnick addresses students; Zarb Women in Business with Barbara Ruguero and Mary Elizabeth Brennan (4th and 5th from right).

The Zarb School of Business, in conjunction with Zarb Women in Business and the Financial Management Association, presented a panel discussion, "Women on Wall Street," on October 29, 2008. Four senior-level, female executives shared their insights with more than 80 Hofstra graduate and undergraduate business students. The speakers included Jennifer Bender, vice president, Applied Research, MSCI Barra; Mary Elizabeth Brennan, director, Moody's Investors Service; Diane Garnick (B.B.A. '96), investment strategist, Invesco; and Barbara Ruguero, managing director, J.P. Morgan.

November 2008

November 12, 2008: Zarb School Holds Executive Speaker Series Featuring Daniel Henry, CFO, American Express

Daniel Henry (M.B.A. '74), 2nd from right with Dean Sodano and Hofstra M.B.A. students.
Daniel Henry (M.B.A. '74), 2nd from right with Dean Sodano and Hofstra M.B.A. students.

Daniel T. Henry (M.B.A. '74), the executive vice president and chief financial officer of American Express Company, spoke to Zarb graduate business students on November 12, 2008. Mr. Henry is responsible for leading American Express Company's finance organization and representing American Express to investors, lenders and rating agencies. Mr. Henry's talk focused on leadership, especially the strategies involved in leading a Fortune 100 company forward through national and global expansion. The event was sponsored by the Hofstra Graduate Finance Association.

November 18, 2008: Zarb School Hosts Socratic Panel on Crisis Management

Members of the Socratic Panel on Crisis Management
Members of the Socratic Panel on Crisis Managment from left: John Kominicki, president and publisher, Long Island Business News; Richard Daly, CEO, Broadridge Financial Solutions, Inc.; Dean Sodano; Robert S. Shapiro, senior vice president and CFO, North Shore-LIJ Health System; Edward A. Orgon, president and COO, The Torrenzano Group; William M. Savino, managing partner, Rivkin Radler LLP; Richard Torrenzano; David Reich-Hale, editor, Long Island Business News; John McCorry, executive editor, Bloomberg News; Harvey Nagler, vice president, CBS Radio News and Bert J. Cunningham, president, Cunningham Strategic Communications.

The Hofstra community and invited guests enjoyed the unique opportunity to witness the spontaneous reaction of top corporate leaders to a simulated corporate crisis on November 18, 2008. The panel consisted of experts reacting to a hypothetical corporate crisis, injecting their personal experiences and knowledge. To allow for spontaneous response, the specific topic of discussion was not revealed to the panelists prior to the event. Dean Sodano participated in the panel and made the opening remarks and introductions. Richard Torrenzano, renowned crisis expert and chief executive of The Torrenzano Group, began with a presentation on crisis management. A Socratic panel discussion followed, during which the audience observed the unrehearsed interaction between the different roles within a corporation, the questions asked and the processes employed in crisis management. The event concluded with a synopsis and closing remarks from John Kominicki, president of Long Island Business News.

November 19, 2008: Zarb School Hosts Martin Greenberg as he Retires his Trading Jacket

Martin B. Greenberg (B.B.A. '60)
Martin B. Greenberg (B.B.A. '60)

The Zarb School was honored to host Martin B. Greenberg (B.B.A. '60), chairman of the board of Sterling Commodities Corporation and the benefactor of Hofstra's state-of the-art trading room, on November 19, 2008. Mr. Greenberg presented "Changing Landscape of Exchanges: Mergers, Electronic Trading and the Disappearance of Trading Floors." After the discussion, a ceremony was held to honor Mr. Greenberg's successful trading career. His framed trading jacket, worn in the COMEX and NYMEX trading pits, was unveiled and will permanently grace the walls of the Martin B. Greenberg Trading Room.

November 19, 2008: Zarb School's Graduate Career Services Presents Jodi Jacobs, Marketing Director, Lencore Corporation

Jodi Jacobs with Hofstra M.B.A. students.
Jodi Jacobs with Hofstra M.B.A. students.

On November 19, 2008, Zarb's Graduate Career Services, in conjunction with the M.B.A./M.S. Marketing Association, presented Jodi Jacobs, marketing director for Lencore Acoustics Corporation. Ms. Jacobs, who has more than 20 years of experience in various industries, shared some important lessons she has learned during her career, including: how business thrives on a good marketing strategy; how students negotiate a successful career path in marketing; successful communication strategies within today's technologically-intensive business environment; and how to leverage skill sets to differentiate abilities.

November 25, 2008: Zarb School and The Merrill Lynch Center Present a Conference on the "Causes and Effects of the Recent Financial Bailout"

Causes and Effects of the Recent Financial Bailout
The panelists at the conference l to r: Dr. Allan I. Mendelowitz, director, Federal Housing Finance Board; Jane Azia, director of Non-Depository Institutions and Consumer Protection, New York State Banking Department; Richard G. Ketchum, chief executive officer, N.Y.S.E. Regulation, Inc.; Lewis S. Ranieri, chairman of the Board of Directors, Franklin Bank Corporation; Dr. Edward I. Altman, Max L. Heine professor of finance, New York University; Scott Rechler, chairman and chief executive officer, RexCorp Realty LLC; Daniel M. Rossner, Esq., partner, Sidney Austin LLP

The Zarb School, through its Merrill Lynch Center for the Study of International Financial Services and Markets, presented a conference analyzing the implications of the Emergency Economic Stabilization Act of 2008 on the financial landscape. The program featured distinguished members of the financial industry: Lewis Ranieri, chairman of Ranieri Partners Management, who is also considered by many to be the "father" of mortgage-backed securities, gave the keynote address. Two panel discussions followed, which featured, among others, Richard Ketchum, chief executive officer, New York Stock Exchange Regulation; Edward Altman, the Max L. Heinde professor of finance, New York University; and Scott Rechler, chief executive officer, Rexcorp. The conference, which received media coverage, was attended by an overflow crowd of industry professionals, the local community, students, faculty and administrators.

Class Notes


Bernard Gartenlaub (B.B.A., J.D. '76) of Long Beach, NY, has joined the Advisory Services division of Intellian Capital Advisors LLC.


Steve Meier (B.B.A) of Sudbury, MA, was appointed executive vice president at State Street Corporation. He is the chief investment officer of Global Cash for State Street Global Advisors and oversees securities lending, cash collateral management, registered and unregistered commingled vehicles, separate account and sub-advisory mandates.


Jonathan Kanovsky (B.B.A) of Briarcliff Manor, NY, recently traveled to Liverpool, UK, where he was honored on the pitch at Anfield for his work with the Firefighter Sergio Villanueva Soccer Foundation.


Athan Vorilas (B.B.A. '87)
Athan Vorilas (B.B.A. '87)

Athan Vorilas (B.B.A) of West Islip, NY, joined the John Hancock Financial Network as managing partner of Lighthouse Financial Network. Athan is also the manager of his children's Little League teams, is directing an initiative to revitalize the town's athletic fields, and is chair of the Children's Aid Society's Bikes for Kids event which collects bicycles to give to underprivileged children in New York City.


Andrea Nitzan (B.B.A. '89)
Andrea Nitzan (B.B.A. '89)

Andrea Nitzan (B.B.A.) of Montvale, NJ, is the senior vice president of Expense Management for AXA Equitable Life Insurance Company.


Professor Victor Ricciardi (B.B.A.) of Lexington, KY, has two chapters published in the August 2008 The Handbook of Finance. The titles of his book chapters are "The Psychology of Risk: The Behavioral Finance Perspective" and "Risk: Traditional Finance versus Behavioral Finance."


Claude Mattessich (M.B.A.) of Brightwaters, NY, is senior vice president and business development officer of Capital One's Leverage Finance New York City office.


Michael Lane (B.B.A.) of Smithtown, NY, was the voice of Rock Howard in the PlayStation 2 video game The King of Fighters 2006. He also played the supporting role of Hubcap Bullion in the horror movie The Blood Shed.


Steven Persico (B.B.A.) of Wilmington, NC, is working with Lockheed Martin and the U.S. Army Corps of Engineers in their Information Technology/Information Management Department.


Christina Spann (B.B.A.) of New York, NY, and Ellis Whitehurst are engaged to be married in May 2009. Christina was recently elected second vice president/program director of the North Manhattan alumnae Chapter of Delta Sigma Theta Sorority.


Chris Kutner (M.B.A. '03)
Chris Kutner (M.B.A. '03)

Chris Kutner (M.B.A.) of Rockville Centre, NY, was appointed to the board of directors of the American Red Cross in Nassau County and to the Brooklyn/Queens Council of the New York Chapter of the Juvenile Diabetes Research Foundation. Daniel Murphy (M.B.A.) of Garden City, NY, is the senior director of patient care operations at Mercy Medical Center. Michael Hanley (B.B.A.) of Kings Park, NY, was recognized as one of the Top 25 Accountants on Long Island by Long Island Business News in their 2008 Edition of "Who's Who in Accounting."


Joe Todd (B.B.A. '04)
Joe Todd (B.B.A. '04)

Joe Todd (B.B.A.) of Staten Island, NY, is the linebackers coach at Wagner College in Staten Island. Todd was the leading tackler for Hofstra University during his senior year. He went on to play for the New York Jets in 2001 and played four preseason games for the Tampa Bay Buccaneers the following season.