Magazine - Marquette University College of Business Administration [PDF]

A publication for alumni and friends

Spring | Summer 2011

10 0 Honoring the past. Envisioning the future.

IN THIS ISSUE

DEAN’S MESSAGE College of Business Administration Graduate School of Management

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CELEBRATING 100 YEARS 100 Years in Business.................................................................... 4 Paths to Success. .............................................................................. 8

THE CENTURY Highlights from the past 100 years...........................10

LEGACY FAMILY All in the Family. ...............................................................20

FACULTY FEATURE:Joe Daniels Religion Matters................................................................22

22 COLLEGE NEWS

32

New Faculty and Promotions.......................................24 New Staff.............................................................................................26 Graduate School of Management News...............................27 International Business Update.................................................28 How We’ve Celebrated.................................................................28 Upcoming Centennial Events....................................................29 Business Leaders Forum. ...........................................................29 CJBE Conference..........................................................29 Beta Gamma Sigma Award.........................................................29 Alumni Awards. ...............................................................................30

Keyes Dean of Business Administration Dr. Linda Salchenberger 414-288-7141 [email protected] Executive Associate Dean Dr. James McGibany 414-288-7187 [email protected] Associate Dean Graduate School of Management Dr. Jeanne Simmons, ’88, Grad ’90, PhD ’97 414-288-7145 [email protected] Assistant Dean, Undergraduate Programs Mr. Joseph Terrian, ’82, Grad ’84 414-288-7142 [email protected] Director of External Relations Contributing Writer Dr. Margaret M. Bernhard 414-288-7745 [email protected] Senior Communication Specialist Contributing Writer Mr. Chris Stolarski 414-288-1988 [email protected] Director of Development Ms. Debra Markoff 414-288-8493 [email protected] Alumni Engagement Officer Ms. Emily Carroll, Comm ’04 414-288-8484 [email protected] Production Manager Ms. Debra Reeder 414-288-7141 [email protected] Designer Ms. Andy Haas Schneider, Jour ’84 262-534-6708 www.andyhaasdesign.com Photography by John Nienhuis and MU Instructional Media Center

ALUMNI NEWS Letter from MUBAAA President. ..............................................32 Class Notes. .......................................................................................34 Stay Connected. ...............................................................................34

2 Marquette University BUSINESS

Marquette Business magazine is published by the Marquette University College of Business Administration and Graduate School of Management for alumni and friends of the College. You may also link with the College and the University by visiting business.marquette.edu

Address changes should be sent to: Ms. Emily Carroll, Marquette University, Alumni Engagement, P.O. Box 1881, Milwaukee, WI 53201-1881. Changes can also be e-mailed to: [email protected] Phone: 414-288-8484 or 1-800-344-7544 Fax: 414-288-2599

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elcome to Marquette Business magazine’s celebration of 100 years of Jesuit business education. Marquette University has a long history of being among the first universities to offer professional programs in business, communication, engineering, nursing, law and dentistry, grounded in the liberal arts. We are proud to be part of this important mission and tradition. Founded in 1910 as one of the first 15 business schools in the United States, the college’s pivotal moments include becoming the first Catholic business school accredited by the Association to Advance Collegiate Schools of Business in 1928, the opening of Straz Hall in 1951, the launch of the MBA program in 1953 and the Executive MBA in 1996, and the establishment of the Graduate School of Management in 2006. Over the past decade, the college’s centers and special programs in Global and Economic Studies, Entrepreneurship, Real Estate, Supply Chain Management, and Applied Investment Management were developed under the leadership of Dean David Shrock to meet the needs of business and society and have distinguished us in the marketplace as areas of excellence. We are celebrating our centennial with a year-long series of events including panels and seminars in Milwaukee, CIRCLES events across the nation, a luncheon to honor our faculty and staff, and a grand celebration May 14. We hope to see you at the May event which will be special indeed, with honored guest Marquette University President Robert Wild, S.J. If you are unable to join us in Milwaukee, please visit our new web site, go.mu. edu/MUBiz100, to share your story and watch our centennial video. I wish to thank the centennial committee of faculty, administrators, staff, students, and alumni who developed these programs and events. We have two goals for the centennial. First, we wish to celebrate this great achievement by honoring our students and thanking those faculty, administrators and alumni who worked over the decades to make the business school what it is today. We started with a mere 108 students in 1910 and have grown to 2,200 students and more than 25,000 alumni. Second, we want to re-engage as many business alumni as possible in the life of the college. Ultimately, this will build an even stronger community of students, faculty, alumni and business supporters. We thank all who have helped us to achieve these goals. Milestones provide opportunities to look back and celebrate achievements, as well as to peer forward and envision the future. I’ve been meeting with each of our departments this semester to discuss the strategic direction for the business school. We know that in the next 100 years we will need to continue to be responsive to business and society through outreach and community engagement and to provide thought leadership in solving complex business and social problems. I am optimistic about the future of Jesuit business education and the role it will play in the global economy by producing opportunity for all, developing ethical and socially responsible business leaders, and creating a compassionate and caring society.

Linda M. Salchenberger James H. Keyes Dean of Business Administration

The Dean’s Council of Excellence

comprises business leaders who serve in an advisory capacity to the dean. Pat Bartling, Grad ’87 Vice President, Global Operations, P&H Mining

Bob Love Partner, PricewaterhouseCoopers LLP

Peter Bell, Eng ’71 Chairman, First Realty Group, President, Pabst Farms Development

Sue Marks, Bus Ad ’84 Co-Founder and CEO, Pinstripe

Laura Bray, Comm ’94, Grad ’03 Executive Director, Menomonee Valley Partners Rick Broeren, Bus Ad ’77 Managing Director, Head of US Corporate Coverage, BNP Paribas Jeff DeAngelis, Grad ’82 President, Mason Street Advisors Tom Digenan, Bus Ad ’86 Managing Director, US Equity Strategies, UBS John Ferraro (chair), Bus Ad, ’77 Global Chief Operating Officer, Ernst & Young Tim Hanley, Bus Ad ’78 Vice Chairman, US Process and Industrial Products Leader, Deloitte Sue Harnett, Sp ’78 Global Business Performance, Citibank

Kim Marotta, Bus Ad ’88 Vice President, Corporate Social Responsibility, MillerCoors Maureen Osborne Global Chief Information Officer, Ernst & Young Maureen Oster President, MBO Cleary Advisors Bill Rudolphsen, Bus Ad ’77 Chief Financial Officer, KMR Pharmacy Advisors, LLC Greg Ryan, Bus Ad ’90 Managing Partner, KPMG Steve SaLoutos Executive Vice President, US Bank Jim Sartori, Bus Ad ’77 President and CEO, Sartori Food Corporation Bill Shiel, Bus Ad ’72 Principal, Shiel Realty Advisors

Scott Kilrea, Bus Ad ’82 Chairman, Invictus Trading

Arthur Smith President and CEO, Keystone Travel Service

Paul Klister Co-Owner, Commercial Horizons

Tom Thimot, Eng ’88 President and CEO, CaseCentral

Tim Knight, Bus Ad ’87 President, Landon and Company

Dan Tranchita, Bus Ad ’87, Grad ’89 Senior Vice President, Senior Portfolio Manager, Robert W. Baird & Co.

Pat Lawton, Bus Ad ‘78, Grad ’80 Managing Director, Robert W. Baird & Co. Dick Leinenkugel, Bus Ad ’80 Manager, Business Development, Tenth and Blake Beer Company Gail Lione President, The HarleyDavidson Foundation Dennis Long, Bus Ad ’74 Retired, VP Retirement and Investments, Principal Financial Group Foundation

Subhash Valanju Retired, Chief Information Officer, Johnson Controls, Inc. Michael Van Handel, Bus Ad ’81 Chief Financial Officer, Executive Vice President, Manpower Group Jim Weiss, Arts ’68 President, Weiss Capital Management Beth Wnuk Regional President, Wisconsin Banking, PNC Financial Services Group

Spring | Summer • 2011 3

CELEBRATING 100 YEARS

100 Years in Business

By Christopher Stolarski

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n 1910, Marquette University opened the College of Economics and Journalism, ushering in its unique brand of Jesuit business education. At the time, only a handful of “b-schools” existed nationwide; today, there are more than 475 of them accredited by the Association to Advance Collegiate Schools of Business. An applied learning laboratory for ethical leaders and a vital part of Milwaukee’s business community, Marquette’s College of Business Administration has spent the century since its inception standing out among the rest.


The early years Not surprisingly, Milwaukee’s business climate in 1910 was marked heavily by industrial manufacturing, and its political leaders were paying heed. Mayor Emil Seidel and his so-called Sewer Socialists were raising the area’s minimum wage and standardizing the eight-hour work day. Meantime, on Wisconsin Avenue, formal business education was born at Marquette. The Robert A. Johnston College of Economics and Journalism was established with a $3,000 donation from Regent Harry S. Johnston; a business library would come courtesy of a $2,000 check from Elizabeth Marshall, daughter of M&I Bank founder Samuel Marshall. Divided into the Schools of Journalism and Business Administration, a mere 108 students (102 men, six women) comprised the first class. Majors, as we know them today, were inconsequential — students studied business or journalism. Under the direction of inaugural dean William C. Webster, the college’s aim and scope, according to a university bulletin, was “to afford opportunity to obtain an advanced and progressive education in commerce, accounts and finance.” Most classes were taught during the day; however, a limited number of evening courses were offered for non-degree students who worked full time. The college’s degree tracks were unique in and of themselves. Four options existed: 1) a two-year diploma program; 2) a three-year program leading to a Bachelor of Commercial Science; 3) a four-year program leading to a Bachelor of Science in Economics; and 4) a one-year graduate program leading to a Master of Commercial Science. This curriculum would evolve throughout the World War I era, and in 1917, the School of Journalism split off and was made an autonomous entity led by Rev. John Danihy, S.J. The College of Economics then oversaw only the business administration curriculum. Seven years later, the name was fittingly changed to The Robert A. Johnston College of Business Administration. The wartime years were a time of transition and energy on the Marquette campus. Catalyzed by the emphatic loyalty to the allied cause that would become a hallmark of Rev.

Herbert Noonan, S.J.’s presidency, student groups fervently rallied behind the U.S. war effort. The outspoken patriot president helped make Marquette a leader in the Students’ Army Training Corps (think ROTC). The impact on the Milwaukee community at large was decidedly less unilateral. While the sinking of the Lusitania pushed many behind the allied cause, Milwaukee’s abundant German population remained steadfast in its loyalty to the motherland. Anti-German sentiment and derision pervaded the city and – although it waned by the end of the war – ultimately diluted Germanism in Milwaukee. Cream City commerce wasn’t dealt the same misfortune. As is typically the case during wartime, manufacturing companies received a major shot in the arm as they began supplying machines and materials for the war effort. Milwaukee’s myriad assembly lines and foundries were no exception. Even Harley-Davidson played a role when it began manufacturing the first motorcycles adopted for combat service. On July 1, 1919, things changed. According to the Milwaukee County Historical Society, though breweries were not central to the city’s overall economic wellbeing, Prohibition had a detrimental impact on Milwaukee’s economy. The larger breweries adapted, producing sodas, cheese and candy bars; however, brewery suppliers took a significant hit. The tavern industry staggered the most. The MCHS says nearly all of Milwaukee’s saloons were closed down by Prohibition. In 1918, there were 1,980 saloons in Milwaukee, one per 230 residents. By the time the Prohibition-ending 21st Amendment was ratified, the College of Business Administration would be admitted into the Association to Advance Collegiate Schools of Business, and the university – along with the rest of the nation – would find itself weathering the darkest economic storm of the 20th century. Out of turbulence, a building The Great Depression undoubtedly took its toll on Milwaukee and Marquette. Though, for the most part, the university remained resilient during this period. In fact, the


The training of the intellect, the training of the imagination, and, by sound moral and religious instruction, the training of the will of future business leaders — such has been the avowed aim and scope of collegiate education for business at Marquette University. —Rev. Thomas Divine, S.J., circa 1951 vast number of skilled yet unemployed laborers in the city gave Marquette a pool of construction workers to complete the new $363,000, four-story medical school building in 1932. By the end of the decade, Johnston, Science and Lalumiere halls would be renovated. Despite salary cuts and cash-strapped students, academic rigor remained strong. According to Dr. Thomas Jablonsky, Marquette professor of history, “Evidence of just how effectively [everyone] handled the crisis came when the North Central Association of Colleges and Secondary Schools sent an evaluator to Marquette for a periodic assessment… The examiner reported that the university’s admissions standards had not been compromised.” Milwaukee’s labor force reeled from the blows of the Depression, but it too showed elasticity. In 1936, Time Magazine put veteran Mayor Dan Hoan on its cover and called him “one of the nation’s ablest public servants, and, under him, Milwaukee has become perhaps the best governed city in the U.S.” The College of Business Administration also held its own in the face of economic adversity. In 1937-38, it reached a pre-World War II enrollment peak of 385 day and 498 evening registrants. A year later, when the university completed the construction of its new administration building, the College of Business Administration moved from Johnston Hall to Science Hall (now Marquette Hall). According to Jablonsky, “Less than two months before America’s entrance into World War II, the administration established a ‘Labor College’ within the business college’s


Institute of Industrial Relations. Both the labor college and the Institute of Industrial Relations represented a national commitment by the Jesuits to address labor relations in light of tensions arising from the Great Depression.” Then, at the onset of the war, enrollment in the college dropped — a situation that would not last long. In 1943, there were a mere 99 day and 75 evening students. By 1948, day and evening enrollment had skyrocketed to 1,356 and 1,238, respectively. Rev. Thomas Divine, S.J., dean of the college at the time, wrote in a 1951 historical sketch of the college, “In spite of the serious administrative problems presented by this quadrupling of enrollment within the past 10 years (new temporary classrooms had to be erected and nearby residences acquired or leased to provide offices for a greatly enlarged faculty), the post-war years witnessed an expansion not only of enrollment but also of services to the students, to Milwaukee commerce and industry, and to the community.” Indeed, the College of Business Administration was fast filling Milwaukee’s business pipeline with its graduates. Added Father Divine, “In 1950, 26 firms cooperated with the college in offering internships in accounting, advertising, banking, industrial relations, insurance, real estate, sales and transportation…[That year], representatives of 118 local, regional and national firms conducted approximately 1,260 interviews on and off the campus with graduating seniors.”

In January 1950, ground was broken on a new College of Business Administration building. The $600,000 facility was completed in October; the first classes were held within its walls in May 1951. At the dedication, Father Divine said, “The training of the intellect, the training of the imagination, and, by sound moral and religious instruction, the training of the will of future business leaders — such has been the avowed aim and scope of collegiate education for business at Marquette University.” Moving toward today Catapulted in part by President Rev. Edward O’Donnell, S.J.’s aggressive fund-raising in the 1950s and early 1960s, the university grew at a remarkable rate. According to Jablonsky, by the late 1950s, Marquette was the largest Catholic university in the United States. “Although other schools challenged this ranking,” he wrote in a 2007 history of the university, “America (a Jesuit-produced magazine) confirmed the university’s position for the 1957-58 school year.” Though Jablonsky cites caveats on this honor, Marquette was clearly a forerunner in Catholic higher education. As Mass was being held for the first time at St. Joan of Arc Chapel and the newly anointed carillon pealed across the near west side, Milwaukee in the mid to late 1960s experienced a mix of urban renewal and middle class flight to the suburbs.

Area commerce through the 1960s and ‘70s was marked by massive freeway and residential and commercial real estate construction projects, which were met with significant opposition. Preservationists feared the destruction of historic landmarks. Others were concerned about the plight of poorer communities, particularly African Americans, who were being uprooted as their homes were demolished in favor of freeways and high-rise buildings. Some suggested the freeway system would divide already fragile neighborhoods. Nevertheless, the freeway projects were completed. The College of Business Administration, too, rolled on. In the 1960s and ‘70s, enrollment hovered around the impressive peaks seen in the late ‘40s. A counseling program for college freshmen was launched in 1960; two years later, T. Robert (T.R.) Martin was named dean. The turmoil of the ‘60s and ‘70s didn’t escape Marquette. Media focused their attention on Berkeley and Madison, but protests over the Vietnam War, race and women’s rights were alive and well at Marquette. The influx of women into the College of Business Administration throughout the 1970s could be seen as something of a bellwether of progress. When the proposed Equal Rights Amendment was being drafted in 1971, there were only 114 women enrolled in the college. By 1981, the university’s centennial year and the year before the ERA expired without ratification, there were 681. Three years later, the college received another shot in the

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Paths

arm when alumnus David A Straz, Jr.’s generosity supplied the necessary funds to expand the College of Business Administration building. It bears his name to this day. Looking at tomorrow Since the university’s centennial, the campus has continued to expand. Under the direction of President Robert A. Wild, S.J., hundreds of millions of dollars have been invested in bricks and mortar and campus beautification projects. While the College of Business Administration has remained housed in Straz Hall, its growth remains palpable. In the 1995-96 school year, the college launched what is now a highly ranked executive MBA program. The Graduate School of Management was established 10 years later. The college’s relationship with the Milwaukee business community and beyond grew even stronger in 1999 when, through a special endowment from the Kathleen and Frank Thometz Foundation, the college established its marquee speakers’ series, the Business Leaders Forum. The forum has featured top-flight business executives from such companies as GE, Cisco Systems, Best Buy, WellPoint and Rockwell Automation. Business today, as they say, is global, and the College of Business Administration has committed itself to providing its students with international perspective and experiences. For the past 20 years, the college has provided unique international study abroad and exchange programs for both graduate and undergraduate students. Today, there are 29 study abroad programs in 17 different countries, including Australia, Belgium, China, Japan, England and Spain. The College of Business Administration is launching into its next 100 years with an aggressive strategic plan led by Dr. Linda Salchenberger, Keyes Dean of Business Administration. As she looks toward tomorrow, her summation is simple: “I’m incredibly optimistic about the future of the College of Business Administration.” •


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priest, a professor and a CEO walked down Wisconsin Avenue discussing the many differences in their careers. The punch line here is no joke — these three very different success stories all began at the College of Business Administration. The achievements of Lawrence Jonas, S.J., ’48, Jesuit principal and pastor; Charles Horngren, Ph.D., ’49, Stanford University professor of accountancy; and Jeffrey A. Joerres, ’83, chairman and CEO of Manpower Group, exemplify the many paths of accomplishment for graduates with a Marquette business education. The priest Father Jonas served in the Army Air Corps in Kano, Nigeria, during World War II. Following his service, the GI Bill afforded him the opportunity to study accounting in the College of Business Administration. He joined the Jesuits after graduation. Father Jonas credits his success as a priest to the business courses he took at Marquette. His accounting skills helped him oversee parish finances and ledgers at Creighton Prep High School in Omaha and Holy Rosary Indian Mission in South Dakota where he was principal. However, he says the course that had the most impact on him was public speaking. “I wanted to be a priest from 2nd grade on. I liked everything about it except for a discomfort with public speaking,” he says. “In the business school, everyone had to take a speech class. It forced me to overcome my fear as everyone was pretty bad in the beginning and then improved; now I love to preach.” In addition to his work as a principal and parish priest, Father Jonas served as a retreat coordinator for more than 14 years, first with Movement for a Better World and then for retreat centers in Milwaukee and Oshkosh. He serves as associate pastor at Gesu Parish in Milwaukee and resides at St. Camillus Jesuit Community in Wauwatosa, Wis.

The professor Horngren found his passion for both accounting and teaching at Marquette. During his junior year he began tutoring homebound disabled World War II veterans and Marquette basketball players. After graduation he joined an accounting firm but quickly discovered he wanted to teach. With an MBA from Harvard University and a doctorate from the University of Chicago, Horngren’s long and prestigious career included professorships at Marquette University, the newly formed University of Wisconsin-Milwaukee, University of Chicago and finally Stanford University, where he spent more than 40 years. As a professor and the author of more than 60 publications, his teaching, research and writing have influenced thousands of CFOs and other financial professionals. First published in 1962 and now in its 14th edition, his most well-known book is Cost Accounting: A Managerial Emphasis. And for decades his general accounting textbook, Accounting, has been the leading primer for business students nationwide. Fittingly, Horngren has been honored throughout his career with countless awards for teaching and his vast contributions to accounting education, and most recently, he was elected to the Accounting Hall of Fame. Accounting professionals hold Horngren in high esteem. Mike Akers, chair of accounting at Marquette said, “Those of us who have worked with Charles Horngren find that he is humbler than his accomplishments.” So it’s no surprise that Horngren credits his own Marquette professors, Herman Loebl and Orville Palmer, for his decision to pursue accounting education. In a published letter honoring Loebl, Horngren wrote, “More than any other professor, his love of teaching and his enthusiasm for the subject inspired me to choose the teaching of accountancy as my career.” Many of those same words could be used to describe Horngren, who is now retired and resides in Palo Alto, Calif.

The CEO Whether testifying to the Joint Economic Committee of Congress, presenting at the World Economic Forum, or appearing on CNBC, Joerres is clearly the voice of employment and job growth in the United States and around the world. In fact, The CEO Quarterly Magazine in 2010 named him one of the most respected CEOs in the country. Since joining Manpower in 1993, Joerres has served as vice president of marketing and senior vice president of European operations and global account management. In 1999 he was promoted to president and CEO; two years later he was named chairman of the board. Under his leadership, Manpower has experienced rapid growth, expanding the footprint of the organization to nearly 4,000 offices across 82 countries and territories. In its report on Joerres, The CEO Quarterly Magazine wrote, “Jeff’s leadership style is rooted in role modeling. He conducts himself the way he expects his employees to behave – as true ambassadors for the Manpower group of companies with a passion for people and the role of work in their lives. He is relentless in his pursuit of the company’s goals – providing clients with the best possible talent and knows how to balance cost reduction with investment.” Joerres, who also serves on Marquette’s Board of Trustees, says of how his alma mater influenced his success, “Marquette has made a substantial difference in my business and personal life. The underpinning of how to respect and value those around you has formed the basis for my leadership style and philosophy.” * * * * * * * * * * * * * * * * * * * * * * * Three completely different careers illustrate the definition of success and how a Jesuit business education profoundly and positively impacts others. Similar stories about the true value of a Jesuit business education can be told of the more than 25,000 Marquette business alumni worldwide. •

to Success Spring | Summer • 2011 9

CELEBRATING 100 YEARS The college graduates its first students in 1912.

102 males and six females comprise the first class in the School of Business.

1910: Rev. James McCabe, S.J., announces that the College of Economics and Journalism– containing a School of Business presided over by Dean W.C. Webster and a School of Journalism– will open in October.

1910s

1910: W.C. Webster named first dean of the School of Business.

1916: Father Deglman serves as acting dean from January to June. 1911: Rev. George A. Deglman, S.J., joins Marquette, becoming the ”good angel of the ‘Biz Ad’ students.”

1916: Charles R. Atkinson named dean.

1912: Economics students hold a bowling match with Arts and Science students.

Enrollment increases to 613 males and 92 females, for a total of 705 students in 1920

1920: Economics department starts first CPA short courses. 1920: Economics students study finance in First Wisconsin National Bank. 1921: Economics degree program lengthened to four years.

TODAY: There are 124 living alumni of the college with “teacher, instructor or professor” in their job titles. Of those, two thirds are in higher education; the remaining third teach in elementary and secondary schools.


1917: Robert A. Johnston College of Economics established, separating from the School of Journalism.

1916: Commerce Club organized “to advance the interest of the economics students, prepare them more efficiently for work as business men and bring them in close touch with the commercial world.”

1919: Student council created in economics department.

1919: Evening economics class.

1920s

1923: College name changed to Robert A. Johnston College of Business Administration.

In May 1928, School of Business admitted as 40th and only Catholic member of the Association to Advance Collegiate Schools of Business, ranking it with the best in the country.

1922: Students parade behind a College of Economics banner.

1923: Fred Merritt named dean of the college. 1926: Ad for real estate courses. 1925: J. Freeman Pyle named dean.

1928: Gov. Fred Zimmerman is guest at business administration banquet.

1925: Business administration students organize commercial forum.

1929: Ad for accountancy program. Spring | Summer • 2011 11

1930s

CELEBRATING 100 YEARS 1930 marks tough economic times. 464 students are enrolled — 405 males and 59 females. 1930: Business administration dean named to city industries committee.

In 1933, the college graduates its 1,000th student.

1930: Business students look at job postings. 1930: College faculty.

1932: Students review textbooks in a study hall.

1931: Students surround a tombstone on the Delta Sigma Pi homecoming float.

1940s

1935: Students do their accounting homework.

By 1940, enrollment is back on the rise: 668 men, 139 women for a total of 807 students.

1941: A student operates a tabulating machine.

1933: Irene Siegwarth serves as editor of the Business Administration Digest, the first woman to hold that position.

1937: Enrollment reaches a pre-World War II peak of 385 day and 498 evening registrants.

1939: Liberal Arts, Journalism and Business Administration begin testing a pre-registration system for students. Johnston and Science Halls, which each housed the college at one time, renovated.

1946: College offers two noncredit institutes as a service to Milwaukee commerce and industry.

1944: First accredited appraisal course offered in business administration. 1945: Business administration offers employment scholarships. 1946: Full-time night classes begin. 1946: Lecture in the college.

TODAY: Nearly 1,850 business alumni have identified themselves with executive titles, such as CEO, chairman, president, CFO or similar.


1941: Students read the Business Administration Digest. 1942: Rev. Thomas Divine, S.J., named dean of the college. 1942: Beta Alpha Psi, national honorary accounting fraternity, installed.

1947: The accounting laboratory is a popular study area for its students.

By 1948, Army barracks are brought in as temporary classrooms to accomodate the quadrupled enrollment following World War II.

1947: Business professor lectures about gold prices.

1949: Business Administration evening division offers degree. Spring | Summer • 2011 13

CELEBRATING 100 YEARS 1953: MBA program begins. 1950: First master of arts in economics degrees awarded. The cooperative businessinternship program begins and enjoys immediate success; grows to include 26 cooperating firms.

1950: Groundbreaking, dedication of cornerstone and construction of new building. 1951: First classes conducted in new business building in May.

1951: Business Administration building dedicated; costs $600,000 to complete. At the dedication, Father Divine said, “The training of the intellect, the training of the imagination, and, by sound moral and religious instruction, the training of the will of future business leaders—such has been the avowed aim and scope of collegiate education for business at Marquette University. To this end we not only dedicate this magnificent structure, but we of the faculty of the College of Business Administration re-dedicate ourselves—our efforts, our example, our most cherished hopes.”

1960s

1965: Students work with adding machines in a classroom.

1960: Counseling program established for college freshmen. Business Administration Digest discontinued by vote of Business Administration council. 1962: Thomas Robert “T.R.” Martin, a 1942 alumnus, named dean of the college. Serves as dean from 1962 to 1978.

1966: St. Joan of Arc Chapel dedicated.

Enrollment reaches 1,413 men and 173 women in 1960.

1958: College awards its first ”Man of the Year”to distinguished alumnus Richard Mahony, ‘22.

1950s In 1950, enrollment surpasses 1,000 students (1,167).

1959: Orville Palmer named acting dean of the college.

1957: Activities calendar.

1952: First Annual Institute on Consumer Finance hosted at the college.

In 1958, the 5,000th student graduates from the college.

TODAY: Altogether, 438 alumni live in 69 countries outside the U.S. Business alums live in all 50 states and Washington, D.C. Fortyfour percent of business alums live in Wisconsin (followed by Illinois with 20 percent and California with 3.7 percent); 98 percent live in the U.S.

1967: Herman Loebl posts job listings on bulletin board.

In 1968, Marquette Interchange dedicated and opened to traffic.

1967: Lloyd Doney instructs students on the relevance of computer technology to business. 1969: Students cast their votes to elect the Business Administration Council.




1970: Students collaborate on a class project.

Enrollment is 1,389 — 1,275 men and 114 women.

1970: Students enter data into a computer system.

1970s

1978: Thomas Bausch named dean; serves from 1978 to 1993.

1975: Rev. Richard McGarrity, S.J., teaches a business class. 1970: A student works in the computer lab.

1977: Men’s basketball team wins the NCAA championship. Seven team members are business students.

Alumni of the college exceed 10,000 following the 1979 graduation.

1978: “Man of the Year Award” changed to Distinguished Alumnus Award; Jane Zwengel Carity is first female recipient.

Karen Fortin (accounting) and Ronda Hageman (economics) among the first women hired as full-time faculty in the mid-1970s.

1980s More women join the ranks of business students; enrollment of 1,954 includes 681 women and 1,273 men.

1980: Marketing is the most popular major for students, followed by accounting, finance and human resource management.

1980: College of Business Administration career night.


1984: College of Business Administration building expanded and renamed David A. Straz, Jr. Hall.

1985: Students use microfilm to review national publications such as the Business Index.

TODAY: Our farthest alumni live more than 9,000 miles from campus, in Indonesia, Malaysia and Australia. Faculty in the college are from 13 different countries, with 34 percent from outside the U.S.

1984: A busy computer lab.

1986: Study abroad opportunities made available to business students at St. Clare’s Oxford or the University of Innsbruck.

1985: Graduate students in Straz Hall.


1990s

CELEBRATING 100 YEARS In 1991, the college graduates its 15,000th student. 1995: Executive MBA program launched.

1996: Dean Lew Mandell and Rev. John Naus, S.J., watch as Marquette University President Rev. Robert Wild, S.J., cuts the ribbon at the grand opening of the Executive Center.

Enrollment of 1,887 includes 1,117 men and 770 women.

1998: A gift from Ralph Brownlee, ‘47 ,creates the Brownlee International Atrium and Student Lounge in Straz Hall.

1994: David Mielke named interim dean.

1993: Don Giacomino named interim dean.

2000s 2004: Applied Investment Management program established. The first 12 students in the program complete their degrees in 2006.

2006: Graduate School of Management established. 2006: Alumni Honor Wall in David Straz Hall dedicated.


1995: Lewis Mandell named dean.

Enrollment is 1,394 — 884 men and 550 women. In 2007, the 20,000th student graduates from the college. 2007: James H. Keyes, ‘62, endows the deanship in the College of Business Administration.

2008: Dennis Garrett serves as interim dean a second time. 2008: Linda Salchenberger named inaugural James H. Keyes Dean of Business Administration, the first female dean of the college.

1999: David Shrock named dean of the college; serves until named interim provost in 2008.

1998: Dennis Garrett serves as interim dean.

TODAY: The college houses four research and outreach centers: Center for Supply Chain Management, Kohler Center for Entrepreneurship, Center for Global and Economic Studies and Center for Real Estate. Graduate and undergraduate alumni total 26,946 to date. There are 1,040 business alumni who are married to another alum of the college.

Retired Faculty Ralph Brownlee, ‘47, retired as emeritus professor of marketing in 1989 after 42 years of service to the department, the college and the university. After retirement, he remained active in college events and provided a gift for the establishment of the Brownlee Atrium. He currently resides at The Catholic Home in Milwaukee. Lloyd Doney retired as emeritus professor of accounting in 2002 after 36 years of service including eight years as Management Department chair and membership on more than 20 university committees. During his academic career, he published more than 68 articles. Gene Smiley retired as emeritus professor of economics in 2005 after 32 years of service, including twice serving as department chair. He is involved in mission work and his church. New-found interest in his book, Rethinking the Depression, recently resulted in a translated edition in Czech. Doug Booth retired in 2001 after 25 years of teaching economics to become a founding board member of the Driftless Area Land Conservancy. He published in the area of environmental and ecological economics. Frank Probst, Bus Ad ’62, Grad ’64, retired as emeritus professor of accounting in 2005; he joined the faculty immediately after completing his MBA in 1964. Following more than 45 years at Marquette as both a student and faculty member, he now serves as a consultant to numerous not-for-profit entities. Tom Bausch joined Marquette as dean of the college in 1978. After serving for 15 years, he moved to a full-time faculty role in the Department of Management, teaching both undergraduate and graduate students until his retirement as dean emeritus in 2010. He is now working with the Hekima School of Technology in Nairobi, Kenya, to establish a program in business studies. Dave Shrock joined Marquette as dean of the college and professor of logistics in 1999 and served as dean for eight and a half years. He also twice served the university as interim provost. He retired as dean emeritus in 2009. Since retirement, he has maintained a relationship with AACSB-International, the business accreditation association, continues to serve the university in a variety of ways, and remains an ardent Marquette basketball fan.



All in the family Makens/McElligotts span three generations of business alumni

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ulti-generation families, better known as legacy families, are the foundation of great universities and a badge of honor for Marquette University. There are many Marquette legacy families across colleges but few within a single college.

Enter Tom Makens, ’55; Kathy McElligott, ’77; and Matthew McElligott, ’07, all proud graduates of the College of Business Administration. This father, daughter and grandson, who recently visited the dean’s office, are members of a larger Marquette family that goes back decades. Makens’ reasons for choosing Marquette started with his uncle, Rev. Sidney J. Dwyer, ’13, and several cousins, all of whom attended Marquette. He was also influenced by friends who lived in Milwaukee’s near west side neighborhoods — many went to Marquette University High School and later to Marquette University. Like many men of the World War II generation, Makens is quite humble about his accomplishments. He didn’t go directly to college after high school graduation — he first served in the U.S. Air Force and was stationed in England. Thanks to the GI Bill, he and thousands of other veterans were able to pursue a college degree. Makens describes his learning environment as reminiscent of his time in the service. Classes took place in old, poorly lit Army


barracks behind Science Hall (now Marquette Hall). Pot-belly stoves were used for heat. From those makeshift classrooms, he watched the construction of the new College of Business Administration building. “It looked so big. It was not like it is today with so many buildings on campus — it was really special and a big moment during my time on campus,” Makens remembers. More than buildings, though, Makens thinks about the people. He recalls fondly Rev. Richard McGloin, S.J., his favorite Jesuit on campus. Father McGloin, who also served as Marquette University High School president from 1950 until 1955, frequently provided counseling to students day or night. And in 1953, he married Makens and his wife, Lois. After Marquette, Makens worked as an assistant buyer and salesperson for Pritzlaff Hardware and then its spinoff, Tools and Abrasives, where he worked for more than 40 years before retiring in 1996. In fall 1973, Kathy McElligott began her freshman year at Marquette and became the only one of her four sisters to follow in her father’s footsteps. (Though, her sister, Rose Makens Danielson, completed a graduate degree in accounting years later.) During her sophomore year, Kathy’s love of statistics and other business-related courses led her to the College of Business Administration, which she says was largely male-

dominated at the time. As the college’s male-female gap narrowed throughout the 1970s, the university too shifted. Kathy recalls that during her time on campus, the residence halls had recently gone co-ed, which was closely scrutinized by administration and parents alike. Of course, as a ’77 graduate, some of her most significant memories include the Al McGuire days and the NCAA basketball championship. Kathy says, “The celebration was not just on campus, it was all over town.” Like her father, though, personal touches were the most meaningful. She, too, had a favorite Jesuit: Rev. Richard McGarrity, S.J., who taught marketing. She also still holds a fondness for Dr. Ralph Brownlee, her favorite instructor. Kathy remembers him as calm and soft-spoken, a professor who involved his class in special projects with local businesses and the Small Business Administration and talked about “doing the right thing.” Kathy, who also met her husband, Thomas P. McElligott, Arts ’76, and Law ’83, on campus, was a purchasing agent for Pabst Brewing. “Although Marquette was strongly encouraged, it was my choice; there was no pressure,” says Matt McElligott. But with many Marquette basketball games under his belt, including the 1994 Sweet Sixteen playoffs, and a lifetime of Marquette stories from his grandfather, mom and dad, it’s no surprise he chose the College of Business Administration. Business, he says, allowed him to build on his computer background and gain a well-rounded education. The intersection of technology and business has never

been far from Matt’s heart. While at Marquette, Matt and two friends created an online coffee service company for corporate and individual consumers named coffeehouse.com. It’s still in business today. He works at Tech by Design in Milwaukee’s historic Third Ward, and he recently developed an app for Apple called “thumbrun.” Matt’s favorite Jesuit on campus? Rev. Greg Konz, S.J., who taught Entrepreneurial Creativity. “He taught me to think differently,” Matt says. His favorite professor was Dr. Terence Ow in the Management Department. “You had to be prepared for class and work hard,” Matt recalls. “He cared about what you did; he even helped me get a job.” Among many fond memories, Matt made history during his freshman year when he won the 2003 Real Chili eating championship. Although their time on campus was separated by decades, they shared common experiences. Tom, Kathy, and Matt have a deep respect for the business education they received at Marquette University and an appreciation of their faculty and classmates. Like those before and after them, they also had a lot of fun. Basketball was popular for all three, as well as several local hangouts whose names have changed through the years but remain at the same locations. When all three were asked what it meant to be a business legacy family, Kathy summed it up, “Obviously, if it wasn’t working for one generation, the next would not have continued. It was a positive influence on all of us. We owe Marquette a great deal.” •


FACULTY FEATURE

Religion matters

Econ professor Daniels looks at the link between religion and politics

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cademic research aims to expand the knowledge base and enhance learning in the classroom. How does that happen? How does intellectual curiosity evolve into a body of evidence that impacts professors and students alike? It starts with a single question.

International economist Joe Daniels of Marquette University and his collaborator, Marc von der Ruhr, Bus Ad ’92, Grad ’94, of St. Norbert College, have spent a decade asking how individual attitudes shape international economic policy. This initial query led to an examination of immigration policy preferences among trade unions. That research ultimately evolved into a series of studies on the interplay between one’s religious affiliation and his or her preferences on global policy issues, including immigration, trade and


globalization. The professors’ findings strongly suggest that religious affiliation, together with other elements like race and geographic location, does play a significant role in an individual’s attitudes toward trade, immigration and unilateral policy action. In short, religion matters. While the empirical data was clear, what was not apparent to Daniels and von der Ruhr was why. They found their answer in the research of Robert Putnam, distinguished professor of public policy at the Harvard University John

Daniels’ and von der Ruhr’s research was cited in Robert Putnam’s 2010 book American Grace. F. Kennedy School of Government, who in his best-selling book, Bowling Alone, describes the ideas of social capital and social trust. “In the beginning of the book, Putnam does a great job of explaining bonding capital (exclusivity) and bridging capital (inclusivity). Marc and I felt that this was key to the differences we were seeing in the data,” Daniels explains. Put simply, Putnam says that social connections have value and social capital’s core ideal is trust. In their most recent research, titled Trust in Others: Does Religion Matter?, Daniels and von der Ruhr tested the relationships among social capital and trust and religious participation and affiliation. In a recent interview with Robert Putnam on Marquette’s campus, Daniels described the results and how they helped answer the “why” question. “As an individual attends religious services more often with more frequency, they tend to be more accepting of other people…and they tend to be more trusting,” Daniels says. “They are more willing to trade with other people, and they are more willing to accept immigrants into their community and assimilate into the community.” Mutual respect As Daniels and von der Ruhr were researching trust and religion based on Putnam’s concepts of social capital and trust, Putnam himself was in the midst of researching his new book, American Grace, which provides a comprehensive examination of religion in today’s America. His research uncovered Daniels’ and von der Ruhr’s work, and he found that each of the researchers was coming to the same conclusions. Putnam contacted Daniels and a bond of mutual respect was forged. Putnam cited Daniels’ and von der Ruhr’s Trust in Others in American Grace. And when Daniels extended an invitation for Putnam to deliver the 2010 Marburg Lecture at Marquette, he graciously accepted. In addition to the lecture, Putnam and Daniels recorded an interview in which they discussed the scope and similarities of their research. In the interview, Putnam is optimistic about their mutual findings. “This is one of these cases in which you are more confident that you are on to the truth because two independent research teams—Joes’ team and my team— working completely independently actually ended up in the exact same point,” Putnam says.

Impacting students Daniels’ research has found an audience inside the classroom, too. He recently created a seminar course titled Economics of Religion, which focuses on the application of economic concepts through the markets for religion and understanding the functioning of religious markets. “It’s been well received by students,” Daniels says. “I take the economics tools they’ve already learned and help them see how those tools are applicable, even to areas they don’t see as being a marketplace.” The course has also gone beyond Marquette. It was a featured course when Daniels served as the Farr Distinguished Visiting Professor of International Economics at Wake Forest University in 2009. Despite the footing his research on religion has gained, Daniels is still firmly grounded in his approach as an international economist. Dissecting religion’s role in global policy is almost an avocation for him and von der Ruhr. “Marc and I are both international economists,” Daniels says. “In addition to that, our research focuses on the economics of religion. We believe it fits with what we do, but we also have a real curiosity for it.” •

Watch the two-part interview, Reciprocity, Religion and the Golden Rule online: go.mu.edu/daniels-putnam

References Daniels, J. P., and von der Ruhr, M. 2010. Trust in Others: Does Religion Matter? Review of Social Economy, 68 (2): 163–186. Putnam, R. D. 2000. Bowling Alone: The Collapse and Revival of American Community. New York: Simon & Schuster. Putnam, R. D., and Campbell, D.E. 2010. American Grace: How Religion Divides and Unites Us. New York: Simon & Schuster. “Reciprocity, Religion, and the Golden Rule,” http://www.marquette. edu/differencenetwork/putnam-daniels.php


COLLEGE NEWS FAC U L T Y APP O I N T M E N T S A N D PR O M O T I O N S Dr. Jodi Gissel, Grad ‘05 Assistant Professor of Accounting Jodi Gissel joined the Accounting Department in 2010 after earning her doctorate from the University of Wisconsin. Additionally, she earned a bachelor of science in accounting from the University of Wisconsin-Parkside and a master of science in accounting from Marquette. She gained both audit and tax experience at the public accounting firm Gordon J. Maier & Company, LLP. Her research interests include auditor decisionmaking, particularly relating to fraud risk brainstorming and factors that influence information sharing among auditors.

Dr. David King Associate Professor of Management After retiring from the U.S. Air Force, Dave King joined the Management Department in 2010 to teach and research business strategy. His professional experience includes managing technology development and procurement of multi-million dollar defense programs. King earned his doctorate in strategy and entrepreneurship from Indiana University’s Kelley School of Business. His other degrees include a master of arts from Indiana University, a master of science from the Air Force Institute of Technology and a bachelor of science from the U.S. Air Force Academy. He is a recognized expert on mergers and acquisitions, technology innovation and defense procurement, with articles appearing in leading journals.

Dr. Manoj Kulchania Assistant Professor of Finance Manoj Kulchania joined the Finance Department in fall 2010. He earned his doctorate in finance from the University of Pittsburgh, a master of science in computer science from Indiana University and a bachelor of science from Indian Institute of Technology, Kharagpur, India. He is teaching Introduction to Financial Management, and his research explores firms’ payout policy decisions. Kulchania has presented his research at the Financial Management Association and American Finance Association meetings.

Announced at press time: Dr. Jennica Webster Assistant Professor of Management Jennica Webster joined the Management Department in 2010. She received a doctorate from Central Michigan University, a master of science from the University of Wisconsin Oshkosh and a bachelor of arts from Bowling Green State University. Prior to joining Marquette she was an assistant professor at Northern Illinois University. Her teaching experience includes graduate and undergraduate courses in staffing, human resource metrics, training and development, and organizational behavior and multivariate statistics. Webster has served as a consultant to organizations such as Dow Corning and the YMCA. Her research interests include occupational stress, job attitudes and gender in the workplace; she’s been published in the Journal of Vocational Behavior, Journal of Business and Psychology, Career Development International and Psychology of Women Quarterly.

Dr. Miao Grace Wang Promoted to Associate Professor, August 2010 Grace Wang was promoted to associate professor of economics. An expert in applied international economics, she teaches international trade courses at the graduate and undergraduate levels in addition to undergraduate econometrics and principles of economics. Wang’s work on the implications of foreign direct investment has been published in leading economics journals. Her research has examined how increases in FDI impacts investment and overall economic activity in host countries. She received her doctorate and master of science degrees in economics from the University of Oregon and a bachelor of arts in economics from the University of International Relations, Beijing, China.

Mr. Scott Rex Instructor of Marketing

Dr. Felissa Lee Promoted to Associate Professor, August 2011

Scott Rex joined the Marketing Department in 2010 and teaches marketing analytics, customer relationship management and international marketing. He holds an MBA from Vanderbilt University and a bachelor of science from Northwestern University. He also has experience teaching managerial economics, microeconomics and macroeconomics. Scott has 19 years of high-tech marketing consulting experience and founded his own consultancy in 2002. He has worked with clients such as AT&T, Sprint Nextel, Nortel Networks, British Telecom, France Telecom and Panasonic, and has presented to executivelevel clients in North America, Europe and Asia and at international telecommunications conferences.

Felissa Lee was promoted to associate professor of management. Recipient of doctoral degrees in both management and counseling psychology, she teaches undergraduate and MBA courses in organizational behavior and leadership, motivation and change. She also works with individuals to develop their skills in communication, leadership, behavior change, and career management. Her professional interests include personality dynamics, motivational processes, career success strategies, and health and wellness for professional effectiveness. She received her doctorates from the University of Missouri, a master of education from Harvard University and a bachelor of arts in psychology from the University of California, Irvine.

Dr. Terence Ow Promoted to Associate Professor, August 2011 Terence Ow was promoted to associate professor of information technology in the Management Department. With professional interests in information technology value, technology adoption, trust issues in e-commerce transactions, auctions and electronic markets, his research has been published in management science and information technology journals. He has taught courses in systems analysis and design, foundation courses in IT, java programming, web applications, and emerging technology, and was named a Miles Teaching Fellow for excellence in teaching. He received his doctorate, master of science in industrial engineering and computer science, MBA, and bachelor of science in computer science and mathematics all from the University of Wisconsin. •

To learn more about faculty in the college, including their research, publications and placements in the news media, visit business.marquette.edu/faculty.



COLLEGE NEWS New professional staff join the College of Business Administration

Andy Hunt, Karen Rinehart, Joseph Stathus, Tina Quealy

Andrew Hunt, ’08, is assistant director for the Center for Real Estate. He is responsible for meeting with donors, alumni, students and the business community to enhance the outreach efforts and reputation of the center and real estate program. Upon graduation from the college, Hunt began work for the Minneapolis office of UGL Equis, an international tenant representation firm headquartered in Chicago, where he sourced more than 500,000 square feet of office and industrial transactions. Hunt is pursuing an MBA with a focus in finance in the Graduate School of Management. Tina Quealy is assistant director for the Kohler Center for Entrepreneurship where she is responsible for initiatives such as Global Entrepreneurship Week and the Marquette Business Plan Competition. She is also the advisor to the Collegiate Entrepreneurs of Marquette student group. Prior to joining Marquette, Quealy was assistant director at the Polsky Center for Entrepreneurship at the University of Chicago Booth School of Business where she managed venture capital and private equity programs. In 2007, she helped launch the Hyde Park Angels, a Chicago-based angel network investing in seed and early stage businesses. Quealy has a master’s degree from Northwestern University and a bachelor’s degree from Columbia College Chicago.


Karen Rinehart, Grad ’08, is assistant director of the Business Career Center. In this role, she meets with students and alumni to discuss career decision making, develop internship and job search strategies, and to support job seekers as they develop resumes, cover letters and interview skills. Rinehart manages the undergraduate for-credit internship program and is a presenter to LEAD courses and student organizations. Previously, Rinehart worked as a career counselor at Cardinal Stritch University. She earned a master’s in education from Marquette and a bachelor’s degree from Northwestern University. Joseph Stathus joined the college in fall 2010 as in-house academic technology specialist. His responsibilities include editing, updating and improving the College of Business Administration web site. He also works with faculty to develop online learning opportunities for the college, and serves as a consultant to faculty, staff and students to further the use of technology in teaching and learning. Previously, Stathus served as IT director for the departments of political science and urban and regional planning at the University of Wisconsin. He has a bachelor’s degree from UW-Whitewater in business and IT management. Christopher Stolarski has joined the college in a formal extension of his role as senior communication specialist in the university’s Office of Marketing and Communication. Stolarski devotes a minimum of 75 percent of his time to developing and implementing strategic communication initiatives for the college, including brand awareness, reputation management and media relations. He has worked at Marquette for four years and previously served as senior media relations specialist. Prior to that, Stolarski was an account manager for an Indianapolis-based public relations firm. He has a bachelor’s degree in journalism and public relations from Marian University in Fond du Lac, Wis., and is pursuing a master’s in communication from Marquette. • For more information on the Center for Real Estate and the Kohler Center for Entrepreneurship, visit business.marquette.edu/centers-and-programs. The Business Career Center can be found online at business.marquette.edu/career-center.

Simmons wins University award

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r. Jeanne Simmons, associate dean, College of Business Administration and Graduate School of Management, was presented with the Excellence in University Service award for 2010. The award recognizes contributions to the essential work of Marquette at the highest level of excellence. Recipients demonstrate the Ignatian ideal of care for others, as well as carrying out the mission of the university on an ongoing basis.

As associate dean of the Graduate School of Management, Simmons deals with all aspects of students returning to school to earn their master’s degrees in various business programs or disciplines. “When students embark on the 17-month executive MBA program in August, the program holds a farewell dinner with spouses and family members,” said a nominator. “The fact that she recognizes the support of spouses and children exemplifies cura personalis.” In receiving the award, Simmons said, “I really enjoy the contact with so many different people from so many different walks of life. They are all looking to advance their knowledge, skills and careers. It is great to be a part of that.” •

Targeted international recruiting boosts MS program enrollment

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nrollment in the Graduate School of Management’s Master of Science programs in accounting, economics, and human resources is on the rise, due in large part to targeted international recruiting efforts in China and India. From fall 2006 to fall 2010, enrollment in accounting has doubled, economics has grown 86 percent and human resources has increased by a quarter. The GSM will broaden its international marketing efforts, with an enrollment goal of 10 percent international students. In fact, the school plans to begin recruiting soon in South America. “Internationalizing our classes gives every student the opportunity to work with colleagues from other cultures, enhancing their learning experiences and preparing them for membership in a global workforce,” says Dr. Linda Salchenberger, Keyes Dean of Business Administration. “As our international students graduate, we are creating a worldwide network of alumni who understand and embrace the Jesuit values we teach.” According to Dr. Jeanne Simmons, associate dean, all three programs offer solid grounding in theory as well as the practical skills needed to address real business problems, an approach that’s leading to new positions. “Job placements for each of the programs continue to rise across all business sectors, including public accounting, manufacturing, human resources, banking and market research,” she says. Additionally, recent graduates are performing at the highest levels in their chosen professions. For instance, four accounting alumni are pursuing doctoral degrees, while other accounting graduates are earning top scores on the CPA exam. Andrew Rebstock, GSM ’09, has been honored by the American Institute of Certified Public Accountants with its Elijah Watt Sells Award, given annually to the top performers on the CPA Exam. This is the second consecutive year a Marquette graduate has earned the prestigious award. Last year the honor went to Jennifer Luchs, ’08. •


COLLEGE NEWS How We’ve Celebrated

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hroughout the 2010-11 academic year, the college has celebrated its centennial with a variety of events, including alumni networking opportunities, community outreach activities for faculty and alumni, and reunions and other chances for alumni to reconnect with the college. July 2010

The annual Business Administration Alumni Association Scholarship Golf Outing was held at North Hills Country Club. Alumni Reunion Weekend – MBA/EMBA alumni gathered at Manpower, Inc. in Milwaukee in advance of other weekend activities. October 2010

New York CIRCLES Centennial Pre-Reception – Alumni, parents and friends in the New York City area joined Dr. Linda Salchenberger, Keyes Dean of Business Administration, for a panel discussion, Beyond the Financial Crisis, and reception.

November 2010

The annual Marburg Lecture featured Robert Putnam, author of American Grace and Bowling Alone. Atlanta CIRCLES Centennial Pre-Reception – Alumni, parents and friends gathered in Atlanta for a reception prior to the CIRCLES roundtable and networking event Marquette hosted Sustainability and the Triple Bottom Line, a panel discussion led by corporate sustainability executives. The panel was followed by a roundtable session focusing on best practices, the role of government and leadership in sustainability. January 2011

The annual Business Administration Alumni Association basketball reception preceded the Syracuse vs. Marquette men’s basketball game. The centennial video premiered at this event.

Global business perspectives enhanced by international experiences

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ver the past 25 years, international business education has created a portfolio of learning experiences that have enhanced Marquette students’ engagement with cultures beyond their own. The program evolved from two study abroad programs at St. Clare’s Oxford and the University of Innsbruck in 1986 to today’s comprehensive program, which includes a major, 29 study abroad programs and six shortterm, faculty-led study tours. The experience for students is transformational, Dr. Jamshid Hosseini, director of International Business Studies, explains. “The unique geopolitical experiences encountered by students while abroad impact both their business and


personal viewpoints,” he says. “I always marvel at the level of maturity I see when the students return to campus.” During the Spring Break Study Tour in China in March 2011, Marquette students worked with students and faculty from Peking and Tongji universities on joint class projects. They also had the opportunity to interact with American executives doing business in China, Chinese entrepreneurs and leading government representatives. “This applied global learning experience is nearly impossible to replicate in the classroom,” Hosseini adds. “With the expectation that the next generation will move across global borders much as their parents moved across state lines, international business education is the lynchpin for future business success.” For more information on the college’s study abroad opportunities, visit go.mu.edu/BizStudyAbroad.

UPCOMING CENTENNIAL EVENTS April 2011

• The 9th Annual Business Plan Competition awards banquet highlights a poster session of all teams and concluding presentations of competition finalists. Chuck Templeton, founder of OpenTable.com, is the keynote speaker. More details at marquette.edu/bplan. • College faculty, staff and administrators will celebrate success with a luncheon. • The Alumni Awards Luncheon, celebrating the success and service of alumni and friends of the college is April 29, 2011. More details at www.marquette.edu/alumni/awards. May 2011

• Chicago CIRCLES Centennial Pre-Reception. Join Dean Salchenberger to celebrate the centennial at a reception immediately preceding the CIRCLES event in Chicago on May 11, 2011. More details at www.marquette.edu/alumni/ networking-circles.php.

Business Leaders Forum

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evin Mansell, chairman of the board, president and chief executive officer of Kohl’s Department Stores was the speaker for the 12th Business Leaders Forum, scheduled for February 2, 2011. As fate would have it, Marquette was closed as a result of the “Groundhog Day Blizzard” and the Forum luncheon was cancelled. On October 15, 2011, Marquette will welcome John Lechleiter, Ph.D., chairman, president and chief executive officer of Eli Lilly and Company as the speaker for the 2011-2012 Business Leaders Forum luncheon. More information about the event will be published at www.business. marquette.edu/about/business-leadersforum as it becomes available. The Business Leaders Forum provides an opportunity for nationally and internationally recognized business leaders to share their knowledge and expertise with students and faculty of the College, alongside community business professionals. Faculty members leverage practical business insights learned at the Forum into relevant, rigorous curricula. Students consistently laud the opportunity to meet with “walking success stories,” and appreciate the opportunity to explore current trends, issues and best practices employed by actual executives. Speakers for the Forum are drawn from the nation’s top business executives.

May 2011, continued

• College of Business Administration Centennial Mass and Grand Celebration will be held May 14, 2011. 4:30 p.m. Mass at Church of the Gesu 6 p.m. Reception, Alumni Memorial Union 7 p.m. Centennial program 7:45 p.m. Reception continues Details and registration information are available at go.mu.edu/Biz100RSVP and on page 33 of this magazine. June 2011

• San Francisco CIRCLES Centennial Pre-Reception. Join Dean Salchenberger to celebrate the centennial at a reception immediately preceding the CIRCLES event in San Francisco on June 6, 2011. More details at www.marquette.edu/alumni/ networking-circles.php.

College Hosts Colleagues in Jesuit Business Education

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n July 2010, the College of Business Administration hosted the 13th annual meeting of this group of educators and administrators from Jesuit institutions throughout the world. The conference featured paper presentations and panel and roundtable discussions regarding the leading role of Jesuit schools in ethical business education.

Rogers honored for service and achievement

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arquette University MBA alumnus Theodore C. Rogers, Grad ’68, was named one of three recipients of the Beta Gamma Sigma Medallion for Entrepreneurship for 2010. Rogers is chairman of Bucyrus International and partner at American Industrial Partners. The Medallion for Entrepreneurship is awarded to outstanding individuals who combine innovative business achievement with service to humanity.


C e l e b r a t e

e x c e l l e n c e

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ach spring, Marquette University honors distinguished alumni during Alumni National Awards weekend. The College of Business

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Administration and Graduate School of Management is proud to join in those festivities each year to celebrate its own alumni who have used their Marquette educations to make a difference in the world. 2011 Alumni Award recipients will be recognized Friday, April 29..

Distinguished Alumnus of the Year Award

Michael J. Van Handel, Bus Ad ’81 Manpower Group Named America’s Best CFO for Business and Professional Services by Institutional Investor for eight years running, Mike Van Handel serves as executive vice president and chief financial officer of Manpower. He is responsible for worldwide finance, accounting, and IT functions and manages investor relations. Van Handel worked in the audit division of Arthur Andersen prior to joining Manpower in 1989.

Professional Achievement Award

Christopher J. Swift, Bus Ad ’83 Hartford Financial Services Group Chris Swift is executive vice president and chief financial officer, and heads the new Strategic Initiatives Office, which aligns and integrates strategy with investment across the enterprise. After beginning his career as an auditor with KPMG, Swift moved to the insurance and financial services industry and joined Hartford in 2010.

Entrepreneurial Award

Nancy Hernandez, Grad ’02 ABRAZO Multicultural Marketing and Communications After a decade of industry experience, Nancy Hernandez founded ABRAZO Multicultural Marketing & Communications and serves as president. The firm creates meaningful relationships between corporate America and emerging markets.


Service Award

Kevin P. Boudreau, Bus Ad ’86 Boudreau Consulting, LLC Kevin Boudreau is executive vice president and owner of his own consulting firm, which provides estate, financial and business planning services. He is actively involved with Marquette’s Phoenix (Arizona) Club and the Blue & Gold Fund.

Young Alumnus of the Year Award

Todd C. Thiel, Grad ’92 McKinley Reserve Todd Thiel is president and CEO of this private investment firm that quietly places capital with innovative companies in order to lead or reshape their industries.

Friend of the College Award

Andrew N. Nunemaker IntermedixEMSystems Andy Nunemaker is an involved member of the Milwaukee community and avid supporter of the arts, as well as Marquette’s Kohler Center for Entrepreneurship. He is also a mentor and a member of Marquette’s Golden Angels Network.

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Distinguished Alumnus of the Year AWARD

James D. Devine, Bus Ad ’66 Newcastle Properties Jim Devine is principal of Newcastle Properties, which owns and operates a retail/office portfolio of approximately 3 million square feet in 25 properties located throughout Chicago and the Midwest. Prior to Newcastle, Devine co-founded NORCOR Investment firm and served previously as a vice president with Arthur Rubloff & Co. He has lectured and instructed at trade association seminars and serves as an expert witness in the area of commercial real estate practice. Professional Achievement Award

Jay B. Williams, Grad ’76 Milwaukee Public Museum Jay Williams spent more than 30 years in the banking industry at US Bank and its predecessors and then opened The PrivateBank, where he served as CEO. He is now executive director of the Milwaukee Public Museum.

Service Award

William A. Shiel, Bus Ad ’72 Shiel Realty Advisors For more than 37 years, Bill Shiel led all aspects of real estate acquisition and construction for Walgreen’s Pharmacies. He now devotes time to working with students in the college’s Center for Real Estate. Young Alumna of the Year Award

Tia G. Bushman, Bus Ad ’94 Archdiocese of Chicago As contract manager for the Archdiocese, Tia Bushman leases Catholic schools and convents to generate much needed income for parishes. Bushman also co-chairs a variety of outreach activities for Chicago Catholic Charities. Friend of the College Award

Kathleen Groves Thometz and Frank P. Thometz The Thometzes established the Business Leaders Forum, which brings top business CEOs to the college to talk with students, faculty, alumni and the greater business community. •

Entrepreneurial Award

Tracy L. Coenen, Arts ’93, Grad ’96 Sequence Inc. Tracy Coenen is a CPA and certified in financial forensics; she is in the 10th year of running her own successful forensic accounting practice.

Celebrate


ALUMNI NEWS Fellow Alumni and Friends of the College:

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appy 100th anniversary! What an exciting time to be alumni of the Marquette University College of Business Administration! In this special centennial issue of the magazine, we’re looking back — on this past year and the past 100 years — with great anticipation and excitement for what the next century will bring.

I have been truly honored to serve as your College of Business Administration Alumni Association Board President during this centennial year. It has given me many opportunities to reflect on those alumni, including all of you, who have made the college what it is today. If the first class of 108 students in 1910 could see the college today, they would be impressed. Current enrollment is 1,554 students and applications for 2011-12 are at a record 3,800. Programs such as Applied Investment Management (AIM), accounting, applied economics, international business, supply chain management, real estate and finance are nationally ranked. The majors and professional opportunities may have changed over the past 100 years, but the mission to develop critical-thinking, ethical business leaders has remained constant. I invite you to come back and join in our remaining centennial celebration events. Our Alumni Awards luncheon on April 29 will celebrate the achievements of some of our outstanding alumni. The yearlong commemoration will culminate with a Centennial Mass and Celebration May 14. Mass will be followed by dinner at the Alumni Memorial Union where you will have the opportunity to celebrate with alumni, current and past professors, and administrators. This will also be the last official college event for Marquette President Robert A. Wild, S.J., before he retires.


If your schedule doesn’t allow you to return for these events, how about joining us at our annual scholarship golf outing August 22 at Tripoli Country Club? Nearly 90 percent of the students in the College of Business Administration rely on some form of financial aid, including scholarships. The proceeds from our scholarship golf outing defray a large percentage of the tuition for eight students – two from each class. I had the great pleasure of welcoming a new class of alumni during the college’s commencement exercises last May. There wasn’t one graduate in the auditorium who wasn’t directly impacted by our fellow alumni at one point during their tenures at Marquette. Most had an alumni mentor their junior year or were impacted by a guest alumni lecturer. And all who were in the college their freshman year listened to alumni professionals advise them on pursuing careers in their respective areas of interest at the annual Career Awareness Night. If you would like to get involved in any of these areas, please let us know. I look forward to seeing you at our Centennial Celebration Saturday, May 14! If you are unable to join us for this or our other remaining events, we would love for you to connect with the college through our new web site: business.marquette.edu. Thank you for being such an important part of our first 100 years as a college. Here’s to the continuation of God’s blessings on the college in the next centennial.

Join us for the Centennial Celebration Saturday, May 14, 2011 Mass – 4:30 p.m.

Church of the Gesu 1145 West Wisconsin Avenue Milwaukee

Cocktails and dinner reception – 6 p.m. Dinner reception to include a variety of food stations

Program – 7 p.m. Cocktails and dinner reception to continue after the program Alumni Memorial Union Monaghan Ballroom 1442 West Wisconsin Avenue Parking is available in the 16th Street Parking Structure, located between West Wisconsin Avenue and West Wells Street.

Yours truly, Please respond by Friday, May 6.

Ann Marie Wick President, MUBAAA

Your alumni board member list is posted at business.marquette.edu/alumni/board

To register online or for more information about the event, visit go.mu.edu/Biz100RSVP. For questions or special needs, please call 414.288.7431.

CLASS NOTES 1940s

1950s

1980s

Ralph Brownlee, Bus Ad ’47, emeritus professor of marketing, recently celebrated his 90th birthday. He resides at the Catholic Home in Milwaukee.

Anthony J. Mayer, Bus Ad ’58, was named to “Who’s Who in America” for 2011 and 2012.

Mark Santacrose, Bus Ad ’81, was named Ernst & Young’s Entrepreneur of the Year in the Midwest region for 2010. The Entrepreneur of the Year program recognizes business leaders in more than 135 cities in 50 countries worldwide. Awards are given to entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. President and CEO of TectaAmerica Corporation, he and his wife, Meg Fiorenza, Arts ’81, live in Glenview, Ill.

Brother Leo V. Ryan, CSV, Bus Ad ’49, emeritus professor of management at DePaul University in Chicago, co-edited Entrepreneurship: Values and Responsibilities, which was recently released by Transaction Publishers, the academic press of Rutgers University. The book is volume 17 in a series of International Annuals of Practical Philosophy and Methodology sponsored by the European Society of Praxiology. Brother Ryan earlier edited Human Action in Business, Volume 5 (1966), Business Students Focus on Ethics, Volume 8 (2000), and Praxiology and Pragmatism, Volume 10 (2002) in the series.

1970’s Bob Crnkovich, Bus Ad ’78, Law ’81, was recently named senior counsel in the Office of Tax Legislative Counsel at the Department of the Treasury in Washington, D.C., where he focuses on partnership matters. Additionally, he is an adjunct professor at Georgetown University Law Center. He and his wife live with their eight children in McLean, Va. Paul Kronberger, Bus Ad ’79, was appointed as chief information officer for the City of Madison, Wis. He manages all city information technology functions.

Steve Bergelin, Bus Ad ’84, was recently honored with the “Legend Award” from Realty Executives Integrity. The award honors Realtors who have significantly assisted other agents in their professional development.

Kevin P. “Kip” Cunningham’s, Bus Ad ’89, firm Cunningham Construction Company of Jackson, Mich., was the recipient of a 2009 Build Michigan Award presented by the Associated General Contractors of Michigan. The Build Michigan Awards recognize excellence in commercial construction throughout the state.

1990s Jim Elliott, Bus Ad ’90, GSM ’09, was named by the Business Journal as a “CFO of the Year” in the medium private companies category. Elliott is chief financial officer at KHS USA, Inc.

your news send us

For inclusion in the next magaizne, we invite you to e-mail biographical info, photos and/or address changes to: [email protected] Or, send via USPS to: Editor, MU Business, Marquette University College of Business Administration P.O. Box 1881 Milwaukee, WI 53201-1881

10 0 To help commemorate our centennial, we are

collecting your favorite Marquette business

memories and stories.

your story tell us

Share them online at:

go.mu.edu/MUBiz100Stories

2000s Michael Carney, CPA, Bus Ad ’03, Grad ’05, has started MWC Accounting in Chicago. His company focuses on the creation of efficient and effective financial information for a variety of businesses.

Connecting with Marquette Business just got a whole lot easier.

Check out our newly designed website business.marquette.edu Be a fan at facebook.com/MUBusiness Follow what’s new and exciting – in 140 characters or less: twitter.com/MUBusiness



NON-PROFIT ORGANIZATION US POSTAGE

PAID

Milwaukee, WI Permit No. 628

College of Business Administration Straz Hall P.O. Box 1881 Milwaukee, Wisconsin 53201-1881 business.marquette.edu

For generations, Marquette business has shaped the lives of students.

Continue the tradition. Give Marquette.

In 1910, Marquette University opened the College of Economics and Journalism, ushering in its unique brand of ethically rooted business education. Much has changed since then. But what remains the same is Marquette’s commitment to providing a transformative, Jesuit education to deserving students. You can help make the Marquette experience a reality for a new generation of students by contributing to the College of Business Administration Scholars Fund. To donate or find out more, visit marquette.edu/giveonline.

There are many ways you can support the Marquette College of Business Admnistration. Contact University Advancement at (414) 288-7050 or (800) 344-7544. Visit marquette.edu/giveonline Or return the enclosed envelope.

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