Loyola Executive Spring 2012

PORTFOLIO PROGRAM ADDS NEW ONLINE RESOURCES • FACULTY MEMBER STUDIES POST-DISASTER RETAIL

STUDENTS TURN INTERNSHIPS INTO ENTREPRENEURSHIP • FACULTY MEMBER JOURNEYS AROUND THE U.S.

CoB Student Leaders—Part of Wolf Pack Pride

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LOYOLA UNIVERSITYNEW ORLEANS

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

College of Business DeanWilliam Locander

Director, Portfolio & InternshipsKathy Barnett

Associate DeanAngie Hoffer

Development Officer College of BusinessTraci Wolff Lucas

Director of Editorial ServicesRay Willhoft ’00

Loyola Executive DesignerCraig Bloodworth

PhotographerHarold Baquet

Contributors

Kathy BarnettWilliam Locander

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COLLEGE OF BUSINESS MAGAZINE

LOYOLA UNIVERSITY NEW ORLEANS

SPRING 2012 • VOL.5 • NO.1 • www.business.loyno.edu

COVER FOCUS6 CoB Student Leaders––

Part of Wolf Pack Pride

FEATURES12 CoB Portfolio Program—

Continuing to Provide Studentsthe Resources to GrowTheir Skills

16 Hawaiian Shirts and SantaSuits…Not Your TypicalBusiness Attire

20 From Internships toEntrepreneurship—StudentsFind Meaning in Their Work

28 Seeing the USA in Her…Mustang

Loyola Executive is published bi-annually for Loyola UniversityNew Orleans College of Business alumni and friends.Please address correspondence to:Loyola ExecutiveOffice of the Dean6363 St. Charles Avenue, Box 15New Orleans, LA 70118

News and photographs for possible use in future issues may besubmitted by readers.

POSTMASTER: Send address changes to:Loyola ExecutiveLoyola University New Orleans7214 St. Charles Avenue, Box 909New Orleans, LA 70118

Loyola University New Orleans has fully supportedand fostered in its educational programs,admissions, employment practices, and in theactivities it operates the policy of not discriminatingon the basis of age, color, disability, national origin,race, religion, sex/gender, or sexual orientation. Thispolicy is in compliance with all applicable federalregulations and guidelines.


Spring 2012 www.business.loyno.edu 5

From the DeanWhen this issue came together, I was pleased

to see so many articles about student groups andWolf Pack pride! In the College of Business, wetry to involve as many students as possible bothin classroom groups and student organizations.This issue of Loyola Executive profiles many of thestudent organizations in the College of Businessas well as two of our many entrepreneurial-minded students. It is a pleasure as dean to seeour students starting their own businesses andsucceeding. I noted that the two students in thisissue are entering the fashion goods business—jewelry and clothing. I am also told that one ofour seniors is starting his own hedge fund.

The first faculty profile features Dr. MikePearson, who is a brand unto his own—aHawaiian Santa Claus. His article also highlightsMike’s research on a retail study, the effect of Katrina on New Orleans retailing. Mike usedhis sabbatical to gather data on the topic and hopes to publish a book on Katrina-likedisasters.

The second faculty profile features Dr. Joohyung Ha, a woman of many interests,hobbies, and accomplishments. Joo joined our accounting faculty last fall and is enjoyingall New Orleans has to offer—especially crawfish.

Please enjoy this issue because it is the product of long hours of work on the partof Dr. Kathy Barnett, who always has the students’ best interests at heart.

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


6 Loyola Executive

AIESECJourdan McCullough, Dillion Warren, Daniel Afandor, Jennifer Weber, Kristi-Marie Weston (president),Alex Tabora, Ryan Lilly

Purpose: To provide opportunities for students tocomplete internships abroad, enhance theirleadership skills, and promote global understandingthrough cooperation with other universitiesworldwide. Recent accomplishments: One of the newest CoBstudent organizations, chapter members identify and

actively promote international internships tostudents interested in interning abroad. Number of Members: 34For information on joining, contact Kristi Weston [email protected]: www.loyno.edu/~aiesecJoin us on Facebook.

CoB Student Leaders— As anyone who has spent time in New Orleans knows, Lagniappe refers to “a little

something extra.” In the College of Business, that little something extra for students

often comes in the form of membership in a CoB student organization. The scope of

activities and connections offered through these organizations greatly enrich the college

experience for many of our undergraduate and graduate students alike. Our student

leaders participate in regional and national competitions, build relevant resume

experience, and make lifelong friends through their membership affiliations. While we

could not begin to cover all the many outstanding programs our student leaders are

engaged in, the organizational bios included here will give you an overview of what our

“pack leaders” are up to.



Alpha Kappa PsiSeated Front: Kayla Butler, Christina Morales, Standing Left to Right: Cynthia Morales, Christine Alexis,Elisa Rodriguez, Allison Rousseve (president)

Purpose: To build better business leaders andfurther the individual welfare of members duringcollege and beyond through a variety of professional,social, and community activities. Recent activities: Awarded the Circle of ExcellenceAward at AKP National Convention, 2011.

Numerous community and social events.Number of Members: 41 For information on joining, contact Elisa Rodriguez [email protected]: www.loynoakpsi.com Join us on Facebook and Twitter.

American Marketing AssociationAlex Tabora, Amanda Oldani, Michael Murgado, Mario McDonald, Kate Trotter (president)

Purpose: To provide students with business andmarketing experience beyond the classroom whileadhering to the highest ethical standards of themarketing profession. Recent activities: Hosts a variety of on-campus speakers,participated in marketing week, and engaged with local

marketing professionals on projects.Number of Members: 27For information on joining, contact Kate Trotter [email protected]: www.loyno.edu/~amaJoin us on Facebook.

—Part of Wolf Pack Pride


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8 Loyola Executive

Beta Alpha PsiJiad Alqotob (president), Gavin Pitre, Justin Frank (not pictured)

Purpose: To encourage and give recognition toscholastic and professional excellence by promotingthe study and practice of accounting, finance, andinformation systems.Recent activities: Hosts weekly meetings withprofessional guest speakers from accounting andfinance firms. Encourages altruism among itsmembers by engaging in service activities with

organizations such as Second Harvest Food Bankand Habitat for Humanity. Co-hosts CoBNetworking Night.Number of Members: 25For information on joining, contact Gavin Pitre [email protected]: www.loyno.edu/~bapsi/Join us on Facebook.

Beta Gamma SigmaMaria F. Cuadra, Alex Wolf, Nicole Walker (president)

Purpose: The International Honor Society’s mission is toencourage and honor academic achievement in the studyof business, to foster personal and professional excellence,to advance the values of the society, and to serve itslifelong members. Membership in Beta Gamma Sigma isthe highest recognition a business student anywhere inthe world can receive in a business program

accredited by AACSB International.Recent activities: Hosts Dean’s Fall Reception and a springinduction luncheon for its members. Membership is by invitation only and is based solely onacademic standing in the College of Business.Website: www.betagammasigma.org/

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Delta Sigma PiSeated Left to Right: Kristi Weston, Caitlin Ryan, Jessica Oliva, Dante Robinson, Alexis EnglishStanding Left to Right: Dillon Warren, Jourdan McCullough, John Beverstock, Daniel Afanador, MichaelMurgado, Kate Trotter, Ross Schneider, Alexandra Chater (president), Alex Wolf

Purpose: To foster the study of business in universi-ties; to promote closer affiliation between the com-mercial world and students of commerce; and to fur-ther a higher standard of commercial ethics and cul-ture and the civic and commercial welfare of thecommunity.Recent activities: Hosts a variety of events including

sponsorship of the CoB Networking Night; co-hostsbusiness lectures and conferences; and participationin community events such as Relay for Life.Number of Members: 45For information on joining, contact Alexandra Chater [email protected]: www.loyno.edu/~dsp Join us on Facebook.

Economics ClubMatthew Portnoy, Maria F. Cuadra (president), Matthew Cole, Arlene Imendia, Javier Portillo

Purpose: To provide an effective environment inwhich to promote the understanding of economicissues and to stimulate interest in local, national,and global economics. Recent activities: Hosts bi-weekly meetings withengaging speakers, debates, and book discussions.

Number of Members: 30For information on joining, contact Maria Cuadra [email protected]:www.loyno.edu/econclub/Loyola_Economics_Club/Home.html

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10 Loyola Executive

Global Business AssociationSeated Left to Right: Jessie Dufrene, Monica Nguyen, Jourdan McCullough (president), Angela BookStanding Left to Right: Andrew Romo, Jackie Gross, Jessica Oliva, Daniel Afandor

Purpose: To increase students’ awareness of theimportance of business on an international leveland to foster activities for the professionaladvancement of those interested in businesscareers in today’s global economy. Recent activities: Upcoming event plans includeformation of a Toastmaster’s group, dining

etiquette dinners, and discussion forums oninternational business topics.Number of Members: 35For information on joining, contact Jourdan McCulloughat [email protected]: https://sites.google.com/site/gbaloyno/Follow us on Facebook and Twitter.

Students in Free EnterpriseKristi-Marie Weston, Caitlin Ryan (president), Kate Trotter

Purpose: To create and participate in various communi-ty service projects that help improve businesses andcommunities by volunteering and focusing on sustain-ability, economic, cultural, and social factors.Recent activities:Awarded third runner up at regionalSIFE competition, New York City, 2011; Participants in

The St. Bernard Project, Loyola’s Wolves on the Prowl,and soon with the New Orleans Food Co-op.Number of Members: 7For information on joining, contact Caitlin Ryan [email protected]



Student Government Association/College of Business SenatorsMary Crapanzano, Alex Mulvenna, Kayla Butler, Jennifer Weber (not pictured: Blake Corley)

Purpose: As members of the SGA, CoB senatorsrepresent their college constituents and serve as avoice for their CoB peers. Recent activities: Conducted student focus groups toaddress CoB student topics of interest, organizedvoter registration programs, and are working with

the CoB to start a CoB Facebook page.Number of Members: 5 elected (elections are held in thespring semester)For more information, contact Kayla Butler [email protected]: www.loyno.edu/sga

MBA AssociationJ.C. Eustis, Ifé Bancolé (president), Gia Misuraca, Baldwin Barkerling

Purpose: To provide graduate business students withopportunities to develop leadership skills andprepare for professional positions throughcommunity outreach and social activities. Recent activities: The group hosts a variety ofprofessional and social networking events open toall MBA students including tours of the Port of

New Orleans and NOLA Brewery, “Night with theHornets,” and several volunteer activities with localnonprofit organizations. Membership: All MBA students automatically receivemembership when admitted to the MBA program.For more information, contact Jay O’Conor [email protected]


12 Loyola Executive

CoB Portfolio Program—Continuing to ProvideStudents the Resourcesto Grow Their Skills

STUDENT-CENTERED PROFESSIONAL

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There is no singular route to career success—students’ interests run thegamut from working in large, publically traded companies on WallStreet to one day opening their own shop in the French Quarter. Justas there is no one definition that defines a successful career, there is

no singular plan that can meet all student needs when itcomes to developing their career skills and interests. Inkeeping with that theory, the Portfolio office has added new

online resources to complement the extensive one-on-onepersonal career coaching already provided.

The addition of online resources allows for flexibility andprogram targeting to student interests. “As students progressthrough the four-year program, our goal is to provide more

options allowing for greater flexibility in designing a career plantailored to the individual student,” says Portfolio Director KathyBarnett, Ph.D. “The online resources we added also allowstudents to access information when it is most convenient forthem in their busy schedules.”

“This year, we have been very proactive in adding resources to ourwebsite (www.business.loyno.edu/portfolio) for our students,” saysKarin Iwasaka, career counselor to the freshman, sophomore, andjunior CoB students. Portfolio students can now explore links thatcover a variety of topics. What to do with a major in… economics orfinance or marketing or other business major is just one topic examplethat allows students to explore career options and perhaps evenconsider a career that wasn’t on their radar previously.There are links to databases on career choices, occupations,

and potential employers. Several of these links connect thePortfolio student with Loyola’s Career Development Center aswell. The CDC staff will guide a student through career

assessment testing for any student who requests testing. “We’ve

“What I like about the Portfolio Program is that I know I cango to the office any time of day and find someone that will

look over my resume or cover letter or talk me through anupcoming interview.”

—Keely Cashen, Junior Marketing Major

Website Resources

DEVELOPMENT


14 Loyola Executive

even added a link to the Emily Post BusinessEtiquette site that students can visit and get tipson telephone and social media manners or howto handle various situations as an officeemployee,” adds Iwasaka. Another upcoming addition to Portfolio is an

online program called Interview Stream, wherestudents can practice their interview skills.While it will never replace the one-on-onemock interviews the staff currently conductswith CoB undergrads, the program providesanother means for students to get in some oftenmuch-needed practice before upcoming real-lifeinterviews. Beginning in January 2012,Portfolio students can also access a series ofwebinars covering various job search strategiesand hear different perspectives from otherprofessionals out in the field.

As part of the junior year program, students areencouraged to open a LinkedIn account and posta professional profile on the networking site.Many students have embraced the concept andare utilizing their accounts to make connectionsto the business community. Alumni of the CoBshould note that we now have a CoB LinkedInGroup, and we encourage you to join.

“As we prepare to add a senior year, the finalmajor programming piece will be the addition of

the Portfolio Executive Network,” adds Barnett.This password-protected link will provide juniorand senior Portfolio students with experiencedprofessional contacts locally, around the country,and globally, who will act as executive resourcesfor students. Students will not be allowed to askthe network members for jobs but rather, utilizethe resources to determine how best to movefrom college student to the world of work. Theprogram will be optional for students so that onlyjuniors and seniors who are interested in workingwith network members will do so. A formalapplication process for network members hasbeen developed. Interested professionals can getmore information by calling (504) 864-7958.

With its new initiatives, Portfolio is fastbecoming a vital part of students’ success.“What I like about the Portfolio Program is

that I know I can go to the office any time of dayand find someone that will look over my resumeor cover letter or talk me through an upcominginterview,” notes Keely Cashen, a juniormarketing major. “Everyone in the office knowsme by my name. It makes the program feel morepersonal and I don’t feel like just another student.The program is a great resource and I havelearned so much… about internships, careerinformation, and planning… I am betterprepared as a result of Portfolio and I’ve reallyenjoyed the program.”

“As students progress through the four-year program, our goal is to provide moreoptions allowing for greater flexibility in designing a career plan tailored to the

individual student.”—Kathy Barnett, Ph.D., Portfolio Director

The Executive Network

LinkedIn

The Student Perspective

“This year, we have been very proactive in adding resources to our website(www.business.loyno.edu/portfolio) for our students.”

—Karin Iwasaka, Career Counselor



The Portfolio office offers a variety of resources to CoB students, includinga lending library of career-related texts, workshop handouts, and numerousonline resources. Below is an example of one of our workshop handouts on

“Effective Interviewing Tips.”


––Mike Pearson, Ph.D.

16 Loyola Executive

“Shirts, ties, and suits

are just too uncomfortable.

Why not relax andenjoy life?”


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Mike Pearson, Ph.D., is not shy about his likeness toSanta Claus. In fact, he is, on occasion, promptedto put on a full Santa suit for a local New Orleansorganization. But during his day job at the College

of Business, Pearson is more likely to be spottedbecause he is wearing one of his more than 100

Hawaiian shirts. As Pearson says, “shirts, ties, and suitsare just too uncomfortable. Why not relax and enjoy life?”

His low-keyed personality is his signature, but music is apassion. Want to know about a local musician or one from out of town?

Ask Pearson. He and his wife, Gayle (she gives tours of local cemeteries),are ambassadors for the New Orleans way of life. They both get the food,

music, and culture of New Orleans—so much so, you rarely hear about his days asa faculty member at Bowling Green State University in Ohio (1971 – 1994).However, his semester as visiting faculty at the University of Hawaii, Hilo (fall

1982), brings back fond stories of class in the morning, golf in the afternoon, and a finedinner in the evening. Maybe the four-month Hawaiian gig was where Pearson adapted one

of his signature traits—wearing flowered shirts almost all the time.On the professional front, Pearson has spent his career teaching and researching various aspects

of retail management. His most current research comes from his sabbatical leave where he did aresearch study of the effects of national catastrophes in the retail institutions in the area. Of course,he had a fertile retail research field in post-Katrina New Orleans, but he extended his work to otherareas as well.

In addition to the retail work, Pearson has published a number of papers on computerizedteaching techniques in the areas of spreadsheet pricing shortages, retail site locations, distributiondecisions, and in-basket exercise for classroom use.

As one might guess, Pearson (and Gayle) keeps very busy playing Santa Claus (with and withouta Hawaiian shirt) and cemetery tour guiding. But, a great meal at Commander’s or an outstandingmusic venue is surely to get a rousing “Ho, Ho, Ho” from Pearson, as well as Gayle.


18 Loyola Executive

The Many Looks of Mike Pearson, Ph.D.


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The research was initially started just afterHurricane Katrina in 2005. Because of theconfusion and lack of reliable informationright after Katrina, Pearson and his co-researchers constructed a pre-Katrina profileof retail stores using the 2005 Yellow Pagestelephone directory. Over the next fiveyears, retail profiles were constructed fromthe Yellow Pages to see which types ofretailers were returning post-Katrina.

The Yellow Pages analysis indicated that:

• Small retail entrepreneurs led thereturn.

• Because these retail entrepreneurswere burdened by high debt andslower than expected recovery(a characteristic of all recoveries),many of these entrepreneurs didnot succeed.

• Most chain stores exhibited a wait-and-see attitude and took much longerto return.

• Many retailers (especially chains)moved stores to suburban locationsand have yet to return toOrleans Parish.

• When classified by merchandisecategory, retailers showed differingpatterns of return with buildingmaterials and general merchandisestores leading the way in quickness ofreturn and ability to maintainsales volume.

A second stage of this research was tocompare the Katrina New Orleans’ retailrecovery with that of other cities recoveringfrom disasters. Eight cities were selectedbased upon several criteria involving

severity and timing of their disasters. Allselected disaster areas were U.S. citiesinvolving hurricanes and/or floods.

Interesting findings from the EconomicCensus analysis were:

• While only 61% of Orleans Parish hadreturned by five years after Katrina, allof the eight other recovery areasreturned to more than 100% storesreturning in the five-year periodbefore and after their disasters.

• The pattern of relatively rapid returnof stores in the building materialscategory was consistent betweenOrleans Parish and the other disasterarea cities. It was difficult to findconsistency in return rates in theother merchandise categories.

• Sales per store increased 28.3% amongNew Orleans between the 2002 and2007 Census years, slightly higherthan the national average of 26.6%.

• New Orleans recovery was different.Katrina was a much larger disaster andtherefore the retail recovery wasdifferent.

• Retailers lead the recovery. They cameback before the population and thusshould be treated as a key leaderin recovery.

• While some evidence shows it is thesmall entrepreneurs who led therecovery, other evidence points to theimportance of larger retailersin recovery.

Pearson is attempting to organize thefindings of this research into a book to helpcities suffering from future Katrina-likedisasters in their recoveries.

Stage 2: Comparatives

Overall Conclusions:

A Look at New Orleans Retail Post-Katrina


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22 Loyola Executive

Growing up in a family business often gives ayoung person insight as to just how much work,time, and effort is really involved in being yourown boss. The result of all that insight often leadsthose young people to think about pursuing adifferent career path—one that allows them a bitmore time to enjoy life. Suchwas the case with CristyAsturias, a senior ininternational business. “I sawhow hard my parents workedbuilding their retail jewelrybusiness from the ground upand how little time they hadfor anything else. I thought Iwanted something different.”

But that began to changein high school when Asturiaswas taking art classes—one ofher favorite subjects.Following Katrina, thestudents had an assignment to create arepresentation of what the city was experiencing.Asturias designed a fleur-de-lis with a heart andtwo hands (one black and one white) interwoveninto the design. “I thought of it as the New Orleanscommunity united in love for our great city,”Asturias says. Her design was selected to be part ofa special exhibition held at Loyola. (Asturias’ firsttrip to Loyola’s campus was to attend the openingreception with her dad). When Asturias’ mom sawher daughter’s work, she sent the design to theThailand factory that created all the other piecesfor Mom’s retail shop—unbeknownst to Asturias.When the high school student saw her sketches asa finished product, she was thrilled. And, becauseshe was helping out in the store by that time, she

got to see people reacting to her work. Whencustomers realized Asturias was the designer, theywould tell her what her art meant to them. “Theirstories meant so much to me because I realized Icould touch people with my designs.”

She spent last summer interning at that sameThailand factory thatproduced her first work,learning all about theproduction side of thebusiness and creating moresketches. She is inspired bythe images that Louisiananshold dear and the meaningsbehind those images.

Asturias has realizedeveryone’s interpretation ofher work is different. Thisreally hit home when sherecently created a brokenfleur-de-lis with the idea that

one person would wear one piece and a specialsomeone in their life would wear the other.Asturias thought it would be a nice mother-daughter thing. Then, a customer remarked thatshe was going to wear one piece and send the otherto her husband based in the military overseas.Asturias then realized how personal her creationsmay be to someone else. “The reactions ofcustomers to my designs really make me thinkoutside the box.”

Asturias now oversees her own store, thenewly opened Sterling Silvia, 4861 MagazineSt. She knows that for the next 5 – 8 years, thatstore will be her life—her baby. Just like it wasfor her parents when they first started 20 yearsago—and that’s okay with her.

“The reactions of

customers to my

designs really make

me think outside

the box.”

—Cristy Asturias


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24 Loyola Executive

It all started with a class assignment when JohnMcCann—or John Mac as he’s known to the reallycool—was a first-semester freshman sitting in anIntro to Business class at Loyola. The assignmentwas to write a business plan for a fictional companyof the student’s choosing. Since one of McCann’sinterests has always beenfashion, he wrote a planfocused on launching aclothing line. At the end ofhis first year in the CoB, hedecided to act on that plan,and his retail clothing lineE.R.O.S. was born. E.R.O.S.stands for Everyone RisesOver Struggles, and withlittle help and zero funding todate, he’s in business—figuring it out as he goes.

McCann oversees allaspects of the operation fromdevelopment to production to shipping. Some ofthe pieces in the line, which includes t-shirts,sweatshirts, cardigans, caps, and beanies, aremanufactured in-state with others produced inChina at federally-approved manufacturers. It takesabout three weeks to a month for the finishedproduct to arrive from China, so McCann is alwaysworking six months out—planning product releases.

His inspiration for his clothing line comes fromrandom creative moods and sources—music, art,objects—that he finds interesting and moving. Thebrand is targeted to young people (12 – 25 year-olds) who relate to the E.R.O.S. message of“Fashion with a Purpose.” Sometimes McCann willcreate pieces with a particular fundraiser in mind

with proceeds going to causes including educationor specific nonprofits like Covenant House. Thebrand is available online at www.eroscloset.comand in several local shops.

The Loyola marketing major lives his brand,bringing his message, as a motivational speaker, to

area schools and communitygroups. He tries to make hisaudience understand thatthey must always have faithand work to overcome thestruggles life throws at them.McCann’s faith has its rootsin God, and he encouragesthe young people to whom hespeaks to find the roots oftheir own faith.

McCann travels twice ayear to the Magic trade showin Las Vegas—“an incubatorof fashion, where new trends

surface and develop into what will be seen on theconsumer.” He plans to return in August as avendor for the first time and hopes his line will bepicked up by one of the national retailers. He hashis eye on Urban Outfitters. “I have a lot of workto do following graduation in May to get ready forthe event. I need to secure some funding anddevelop my PR campaign. I interned this pastsummer with Levi in New York and learned somuch, it was an amazing experience. Now I haveto apply that knowledge to my own brand.”

McCann is working on a new business plan—one with many more details so that he can grow hisbusiness and realize the success he dreams of—atrue testament to rising over struggles.

“I interned this pastsummer with Levi inNew York and learnedso much, it was anamazing experience.Now I have to applythat knowledge to myown brand.”

—John McCann


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26 Loyola Executive

CoB Broadens its International Focusthrough Two Prestigious Organizations

The College of Business has recently become a member of theprestigious Consortium for Undergraduate InternationalBusiness Education (CUIBE). CUIBE is an exclusive associationof 23 universities with undergraduate international businessprograms designed to provide its members an opportunity to

compare their programs against other member schools and facilitate sharing of best practices ininternational business education.

“Membership in CUIBE recognizes that Loyola University New Orleans has demonstrated astrong commitment to undergraduate international business education through development ofexceptional academic programs,” said CUIBE President Mark Ballam. “We are confident thatLoyola University New Orleans will enhance the reputation of CUIBE and further the continuedsuccess of the consortium.”

“Loyola’s acceptance into CUIBE is significant because it acknowledges the high standards ofour international business program. The other programs in CUIBE are very impressive and we aredelighted to be included,” said Loyola President Kevin Wm. Wildes, S.J., Ph.D.

Jeffrey Krug, Ph.D., the Jack and Vada Reynolds Chair in International Business in the Collegeof Business, led the effort for inclusion into CUIBE and says membership in the consortium isinvaluable. “It’s a tremendous honor to be among only 23 universities that meet CUIBE’s strictrequirements for membership,” Krug said. “Loyola’s membership in CUIBE helps us improve ourexisting programs in international business, offers our students new opportunities to study abroad,and enhances Loyola’s reputation nationwide.”

Also under thedirection of Krug, CoBstudents were one of

five U.S. universities (of 25 U.S. universities that applied) to be granted a university chapter ofAIESEC. AIESEC is the world’s largest student-run organization with chapters at 2,100universities in 110 countries worldwide.

AIESEC will provide yet another resource for Loyola students to study abroad. Students will work withlocal companies to bring foreign students to New Orleans and the Gulf region to work in internships. Inreturn, Loyola students will be given opportunities to complete internships abroad. The organization willprovide Loyola students with unique experiences to develop leadership skills, run their own organization,develop cultural awareness, and work abroad.

The CoB is pleased to be a part of both of these organizations.



“The business of America is business. Theleadership of America rests in the hands of itsbusiness leaders: not academics, not lawyers, notpoliticians, not journalists, and certainly notHollywood celebrities.” These were the openingremarks by NickCapaldi, Ph.D., as hewelcomed attendees toThe First AnnualLeadership Conferencesponsored by TheCenter for SpiritualCapital. The centerhas undertaken botha cultural and aneducational missioni n o r d e r t oe s t a b l i s h ah o m e f o rb u s i n e s sl e a d e r s t os t u d y, praise, and promote the ethical norms thatguide evolving economic relationships in an era ofglobalization. The goal is to remind the world thatcommerce plays a key role in promoting materialprosperity and human freedom.

Conference speakers for the inaugural eventincluded Keith Bailey, former CEO of the WilliamsCompany (Tulsa Oklahoma); Harry Kraemer,author of From Values to Action, former CEO ofBaxter and executive partner of Madison Dearborn

Partners; and Fred Smith, president of CompetitiveEnterprise Institute (Washington, D.C.).

Ju l i e McDona ld , cu s tomer s e rv i cemanager/SAIC and CoB Executive Mentor stated:

“Last semester, I had the pleasure of attendingThe Center for SpiritualCapital Leadership

Conference. It was aninspirational event inthat it reinforced to methat there are verysuccessful, influentialbusiness leaders whoallow their faith toinfluence their business

lives by consciouslymaking decisions

every day to ‘dothe right thing’and treat otherswith dignity and

respect. Thanks to the media, we are all wellaware of executives who make decisions that areharmful to others, but it was refreshing andmotivational to hear about the positive thingsthat leaders in the business community are doing,and more importantly, the motivation behindtheir actions and their success—theirspirituality. What an interesting concept! Rarelydo we hear about spirituality in the context ofbusiness and leadership.”

“It was aninspirational event in

that it reinforced to me thatthere are very successful,

influential business leaders whoallow their faith to influence their

business lives by consciouslymaking decisions every day to ‘dothe right thing’ and treat others

with dignity and respect.”

–– Julie McDonald

The Center for

Spiritual Capital:

First Annual

Leadership

Conference

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28 Loyola Executive

ith a newly acquired taste for boiled crawfish,Joohyung Ha, Ph.D., is settling in to life inNew Orleans and the College of Business.Ha joined the CoB in the fall of 2011 as anassistant professor of accounting.

Born and raised in Seoul, South Korea, Ha is used tobright lights and big cities. She has travelled the U.S.extensively and has come to realize that theenvironment here is not always what she grew up

accustomed to. During her first foray to the U.S., sheserved as a congressional intern in Washington, D.C.She describes herself at the time as a very shy highschool student with little experience speaking English.She still managed, though, to use her time here wisely,taking advantage of every opportunity to tour D.C.,learning as much as she could about how ourgovernment works.

She next returned to the U.S. as a college exchange

Seeing the USA in

W



Her...Mustang“When we left Ohio, the roads were covered

with snow, but as we got closer to Florida, the

sun came out and the air conditioner came

on. You would never experience such a

difference in climate change travelling in

Korea. I was amazed.”

—Joohyung Ha, Ph.D.

student, studying in Dayton, Ohio. Living on campus,in a residence hall, she got to experience for the firsttime what colleges refer to as “the campus meal plan”—and gained 20 pounds! When she returned home andexited the plane in Korea, her parents weren’t sure itwas her. But, a couple of months of home-cookedKorean food and the additional pounds disappeared.While in Akron, she travelled to more U.S. spots—Manhattan, Niagra Falls, California, and Florida. It was

on an 18-hour drive to Fort Lauderdale, Fla., that Habegan to consider just how large the U.S. was. “Whenwe left Ohio, the roads were covered with snow, but aswe got closer to Florida, the sun came out and the airconditioner came on,” she laughs. “You would neverexperience such a difference in climate changetravelling in Korea. I was amazed.”

Ha selected the U.S. to pursue her graduate studiesincluding a master’s degree in professional accounting


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30 Loyola Executive

from the University of Texas at Austin, a master ofscience degree in finance from Boston College, and aPh.D. in accounting from Oklahoma State Universityin Stillwater. Ha loved her time in Boston enjoying theacademic culture of the city with so many great schoolsand students in the mix. And then there was graduateschool in Texas—a state seven times the size of SouthKorea. “When I first got to Austin, I was pretty sure Iwas in the middle of nowhere—it was nothing like Ihad ever seen in South Korea. But then, when I movedto Stillwater, Okla., I realized THAT really is themiddle of nowhere. Although, I did get to experiencehaving to run down to the basement during tornadowarnings on several occasions.” Not exactly the stuff ofbright lights and big cities.

Her hobbies—as her travels—vary greatly. Aclassically trained pianist since the age of five, she wasencouraged to pursue a career as a concert pianist butopted for the path to academia instead. She lists as herfavorite composers Beethoven and Mozart and GustavMahler (a recently acquired favorite after attending aconcert by the Louisiana Philharmonic Symphony).She loves jazz piano and is eager to pick up a class in thesubject and learn to play. Her favorite jazz pianist—Oscar Peterson. “I love his music,” she adds.

Snowboarding is another favorite activity, althoughshe hasn’t had much opportunity to do that sincemoving to Louisiana. She learned to snowboardgrowing up in South Korea and tried out her skills inKeystone, Colo.—another favorite U.S. spot. Ha saidshe’s pretty good at the sport and enjoys the speed offlying down the mountain and just being outdoors inthe fresh air.

She loves dogs, and last but not least, is her interestin all things yoga. Ha says she has been told by friendsthat she reminds them of an octopus—it’s as though shehas no bones and can get herself into some pretty weirdposes. (She refused to supply photos as proof.)

With master’s degrees in both accounting andfinance, it is not surprising that her research interests liein both areas. In 2011, she presented a paper titled“Agency costs of free cash flow and conditionalconservatism” at the American AccountingAssociation annual meeting proceedings in Denver.She looks forward to collaborating with her Loyola CoBcolleagues on future papers.

So don’t be surprised to see this snowboarding-pianist-yoga enthusiast-accounting professor touringaround in her blue Ford mustang, map in hand, lookingfor the ultimate crawfish delicacy.


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The CoB

faculty, staff, and

students are a

social group who

get together

for special

occasions—

anything from

professional

networking to

Halloween

picnics to faculty

accomplishments

is cause for

celebration.

CoB Fall Events

Dr. Bill Barnett (with wife Helen) celebrates with family at a reception in his honorannouncing the Dr. William Barnett Professorship in Free Enterprise Studies.

CoB staff dressed up for the annual Halloween Fall Picnic where students are served a freelunch by faculty and staff—and yes, it really is a free lunch.

CoB business students mix and mingle with business professionals at the annualCoB Networking Night, held every fall semester for juniors and seniors.


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Loyola Executive Spring 2012

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