Fall 2006 Ball State Also inside: • Miller College Connections • Investing in Reality • Awards Recognize Alumni business Achievements A Magazine for Miller College of Business Alumni & Friends going forward giving back Reconnecting with the Miller College of Business Viewpoint Give us Ten! O Contact us at www.bsu.edu/ business/contactus ur alumni and friends are an integral part of the success of the Miller College of Business. Many of you share your time by speaking in classes or serving on boards. Others consider our students for internships and permanent positions. Still others make financial contributions to help us maintain excellent programs and to support our students and faculty. Unfortunately, there are fewer in that last category than you might expect, with approximately five percent of Miller College graduates making financial contributions to our college. In addition, state funding has decreased, and our students are paying more for tuition. We need your help. In this issue, you can read about how to assist us in supporting our students and faculty and maintaining our margin of excellence by giving back $10 a year for every year since your graduation. Regardless of the amount, your gift counts. And together we can make a huge impact. Many of you met your spouse, best friend, or perhaps even future business partner while a student in the Miller College of Business. Some alumni have networked to create businesses, and we are seeing second and third generations of Ball State business students because of the positive experiences their grandparents or parents had. The Miller College connection is strong, and in this issue we’re featuring stories about a few of the many valuable relationships that have been formed because of it. Also in this issue, learn more about the efforts—and excellent results—of business students who are managing investment funds provided by the Ball State University Foundation. The student-managed investment fund provides an intense, hands-on learning opportunity for students enrolled in an interdisciplinary course offered through our finance program, which recently received national recognition for teaching quality. On September 8, the Miller College of Business Alumni Board, led by President Dave Heeter, hosted our third annual Alumni Awards Dinner at the Alumni Center. I hope you’ll read all about our award winners—they truly represent the best of Ball State business graduates! Plan now to attend next year’s event, October 5, 2007, and let me know who you think should be honored. Our faculty and staff are committed to providing students with the best educational experiences possible, and we thank you for all you do to help make this happen. You truly are making a difference. And, as always, I’d love to hear from you. You can reach me at lrichardson@bsu.edu or (765) 285-8192. Best wishes for a productive fall! l Lynne Richardson Dean and Professor of Marketing Miller College of Business © October 2006 Volume 5, Number 1. Ball State Business is published twice a year by the Ball State University Miller College of Business, WB 100, Muncie, Indiana 47306. Printed in the United States. No material may be reproduced without written permission. Send change of address to Ball State University Miller College of Business, WB 100, Muncie, Indiana 47306; Phone: (765) 285-8192; Fax (765) 285-5117; E-mail: business@bsu.edu. The information presented here, correct at the time of publication, is subject to change. Ball State University practices equal opportunity in education and employment and is strongly and actively committed to diversity within its community. 3154-06 uc B all State business page 14 page 6 Dean: Lynne Richardson Editor: Susan Holloway Associate Dean, Instruction and Operations: Rodney Davis Associate Dean, Research and Outreach: Ray Montagno Director of External Relations: Tammy Estep Phone: (765) 285-8192 Fax: (765) 285-5117 E-mail: business@bsu.edu Web site: www.bsu.edu/business Contributing Writers: Mary G. Barr, Steve Kaelble, Marc Ransford, and Carmen Siering Photo Credits: Michael Hickey, John Huffer, and Don Rogers/Ball State University Photo Services AACSB Accredited features Going Forward, Giving Back The Miller College of Business has experienced significant growth in the last five years, and the support of alumni and friends will help ensure continued advancement and excellence. Miller College Connections Priceless connections that help build strong business networks and nurture supportive relationships are created every day in the Miller College of Business. 6 9 Investing in Reality 14 Alumni Achievements 16 Ball State’s student-managed investment fund, part of a Miller College of Business finance course, gives students the opportunity to manage an investment portfolio using real dollars. Ten outstanding business leaders were honored at the third annual Alumni Awards Dinner of the Miller College of Business. departments Briefs 2 Bottomline 20 Connections 21 Miller College Connections: Ball State business alumni Jacqueline and Aaron Burton, page 9 Spring 2006 Briefs Entrepreneurship program ranks among nation’s best For the ninth consecutive year, Ball State’s undergraduate entrepreneurship program in the Miller College of Business is ranked among the top 10 programs in the nation for entrepreneurship by U.S.News & World Report. The 2007 “America’s Best Colleges” issue ranks Ball State’s Entrepreneurship Center, under the direction of Larry Cox, sixth in the nation—ahead of a number of notable business schools, including those at the University of Arizona, University of Michigan-Ann Arbor, and University of California-Berkeley. Founded more than 20 years ago, Ball State’s undergraduate entrepreneurship program has become known as the ultimate entrepreneurial experience, and the Miller College of Business has established a solid position at the forefront of entrepreneurial education, research, and innovation. “We are pleased that educators around the country see the strength and quality of our programs,” says Lynne Richardson, dean of the Miller College of Business. “We firmly believe that entrepreneurship faculty and students in the Miller College of Business are among the best in the nation.” The rankings may be found online at www.usnews.com. Business students blog! Three Miller College of Business students are among 12 Ball State student bloggers who are featured on the Experience Ball State Web site—the university’s national award-winning, interactive student recruitment initiative. Throughout the academic year Zac Adkins, information systems and operations management senior; Meagan Alexander, senior marketing major and Miller College of Business undergraduate fellow; Megan Gaza, freshman accounting and Spanish major; and nine other Ball State students communicate through blogs, podcasts, and vodcasts about what it’s like to be a Ball State student, responding to questions posted by prospective students, parents, and others. The unedited student blogs are true interactive, multimedia experiences, with students posting weekly updates of text, photos, audio, and video. For more information, go to: www.bsu.edu/reallife Ball State business • Fall 2006 Miller College of Business 2006 Faculty Award Winners faculty updates New faculty positions The Miller College of Business recently welcomed several new tenure track faculty members: Minna Yu and Chris Luchs, accounting; Dana Kerr, finance and insurance; and Daniel Baack and Dheeraj Sharma, marketing and management. Two retire from Miller College of Business Outstanding Teaching Award Manoj Athavale Finance and Insurance Outstanding Research Award Mark Myring Accounting Two long-time members of the Miller College of Business faculty and staff recently retired. Joseph Brown served the Department of Marketing and Management and Ball State’s business college since joining the faculty in 1968. During his 38year career, he compiled an impressive record of research, teaching, and service. Brown’s research interests include strategic marketing for nonprofit organizations and service quality, and he has published the book Strategic Marketing for Music Educators. In addition, he was a consultant to many regional and national firms and served as advisor to Ball State’s collegiate chapter of the American Marketing Association. Janice Replogle, who joined the university in 1985, most recently was the director of undergraduate programs in the Miller College of Business, supervising the college’s admission procedure, advising all sophomore pre-business students, overseeing the coherent design of the curriculum in the college, and coordinating the undergraduate program assessment process for the dean’s office. New chair of finance and insurance department Manoj Athavale has been named chair of the Department of Finance and Insurance. Athavale joined the Miller College of Business in 2002 after teaching finance at the Minnesota University-Moorhead from 1998 to 2002. He received his Ph.D. from the University of Mississippi. His current teaching and research interests include management of financial institutions, workings of financial markets, pricing of financial instruments, and personal financial planning. For the second straight year, Athavale is being honored with the Outstanding Teaching Award from the Miller College of Business. Outstanding Service Award Jim McClure Economics Faculty earn tenure and promotion Several faculty members in the Miller College of Business were among those approved for tenure and promotions for 2006-2007 by the Ball State University Board of Trustees. • Faculty receiving tenure: Scott A. Inks, marketing and management. • Faculty promoted to full professor: Srinivasan Sundaram, finance and insurance • Faculty promoted to associate professor: James R. Duncan, accounting. Professor participates in Climate Project Extraordinary Year Award Cecil Bohanon Economics John Vann, associate professor of marketing, was one of 50 individuals from across the nation selected to participate in the inaugural training session of the Climate Project, led by former United States Vice President Al Gore in September in Nashville, Tennessee. The Climate Project is a nonprofit movement dedicated to bringing education, research information, and citizen action programs about global warming to communities across the country. Fall 2006 • Ball State business Briefs Insurance accelerator provides industry opportunities at Ball State Indianapolis Center Ball State is boosting Indiana’s efforts to become a national insurance hub with the development of the Miller College of Business insurance accelerator project, headquartered at the new Ball State Indianapolis Center, which opened in October. Associate Professor Steve Avila is coordinating the project, which calls for a three-pronged approach to help state leaders create more jobs in the insurance industry: • Creating a program to educate high school students about potential entry-level positions in the insurance industry. • Developing a program to allow young alumni from various fields to transition into similar positions within the insurance industry. • Providing education programs to prepare middle-management personnel for advancement into upper management. The Ball State Indianapolis Center, located in downtown Indianapolis at the corner of Meridian and Maryland, is a high-tech, interactive education, research, information, and outreach center. The center is bringing Ball State academic programs, professional development opportunities, digital technology and research, and economic development and community outreach initiatives to the heart of Indianapolis. Dialogue Days set for spring Dialogue Days, an initiative of the Miller College of Business Alumni Board, is scheduled for March 6-7, 2007. The two-day event connects students with successful alumni professionals, providing them with opportunities to engage in meaningful dialogue with business professionals from across the country. Last year, 61 alumni representing diverse industries and roles returned to campus to share their expertise and experiences with business students. For more information or to participate in Dialogue Days, contact Tammy Estep, director of external relations in the Miller College of Business at testep@bsu. edu or (765) 285-8311. Finance receives national recognition for teaching Ball State’s finance program in the Miller College of Business has been ranked 11th in the nation in a new study that gauges teaching quality. The study, published in the spring 2006 issue of Advances in Financial Education, identified the nation’s top finance programs by the number of financial education research articles published from 1991 to 2005. “This ranking underscores the quality of the finance program at Ball State and reflects our continuing commitment to students,” says Department of Finance and Insurance Chair Manoj Athavale. Ball State business • Fall 2006 The nationally recognized finance program is part of the Miller College of Business Department of Finance and Insurance, chaired by Manoj Athavale, far left. Miller College partners in new Center for School Innovation Business students Howard Wickelman and Zac Adkins, second and third from left, were part of a team of students mentored by Associate Professor Fred Kitchens, second from right, who collaborated with the Indianapolis International Airport for a Ball State Business Fellows project. Students win with paper detailing immersive learning experience In September Ball State business students Zac Adkins and Howard Wickelman joined Fred Kitchens, associate professor in the Department of Information Systems and Operations Management, to travel to Dublin, Ireland, where the students won best paper in the “Cooperative Projects” category of the Business Informatics Challenge 2006. The students presented a case study based on a 2005-06 Business Fellows project in which they were team members, supervised by Kitchens. Collaborating with BAA Indianapolis, LCC—the company that handles the day-to-day operations of the Indianapolis International Airport—the team studied the use of cluster and grid computing techniques at the airport. The project concluded with a plan for a high-availability-type cluster computing system that provides continuous computer support for the airport in the event of emergencies or natural disasters that might otherwise cause network failure. The plan was implemented, and Adkins and Wickelman rewrote the completed project report as a case study, which was accepted at the international conference. Business Fellows is part of the university’s Building Better Communities initiative. For more information, go to www.bsu.edu/bbc. Nationally ranked programs in the Miller College of Business, Teachers College, and the College of Architecture and Planning at Ball State are collaborating to establish the university’s Center for School Innovation. The center will train school leaders through the university’s entrepreneurship and educational leadership program, eventually offering a degree program. Also, in conjunction with Ball State’s Building Better Communities initiative, the center will export its expertise to communities interested in establishing new school options, including traditional public, public charter, and private schools. In addition, the center will work with the College of Architecture and Planning and the Center for Energy Research, Education, and Services (CERES) to help students and clients make informed decision regarding facilities. The center’s first program—the Institute for Entrepreneurial School Leadership—began this fall at the Ball State Indianapolis Center. Twelve school leaders from across Indiana met to explore topics that included entrepreneurial thinking and leadership, innovative curriculum models, increasing student achievement, creative and effective financing, and strategic planning. Codirectors of the center are Rod Davis, associate dean of the Miller College of Business; Robert Koester, director of CERES; and Roy Weaver, dean of Teachers College. College reorganizes and expands student services staff The Miller College of Business has merged undergraduate and graduate programs to create an expanded Student Services area under the direction of Gayle Hartleroad, who earned a bachelor’s degree in human resource management and a master’s degree in college student development from Ball State. Hartleroad, who also earned a doctor of education degree in higher education administration from Nova Southeastern University, returned to Ball State last year after working for Purdue and Indiana universities. Emily Walter serves the college as academic advisor for all pre-business students. Walter, who has a bachelor’s degree in sociology, recently earned her master’s in sociology from Illinois State University, where she completed a graduate assistantship in sociology advising. Angie Cravens fills the college’s recently created position of coordinator of immersion and experiential learning programs. In her new role, Cravens coordinates internships as well as study abroad, experiential, and other immersive learning programs for the Miller College of Business. In addition, she will help develop new programs with the cooperation of faculty and Ball State’s Career Center and Center for International Programs. Cravens, who graduated from Ball State with a degree in marketing, joins the college after serving as development director for WIPB-TV, Ball State’s Public Broadcasting Service television station. Fall 2006 • Ball State business Feature going forward giving back Reconnecting with the Miller College of Business: By giving back, alumni will help the college continue to move forward. The Miller College of Business has experienced significant growth and change in the last five years—a new dean in 2001 and a new name in 2003, plus expanded academic programs and immersive learning opportunities, updated technology and facilities, additional advisory boards, and a magazine especially for alumni and friends. What will the next five years bring? by Carmen Siering Ball State business • Ball State Business alumnus Denny Oklak, a member of the Miller College of Business Executive Advisory Board, says advancement will continue, but it will take the commitment of alumni to help make it happen. “In the more than four decades the college has been sending business graduates out into the world, we have never focused on fundraising, but today it is more and more difficult for public schools to operate without support from alumni,” explains Oklak, who is chairman and CEO of Indianapolis-based commercial real estate giant Duke Realty Corporation. “The total operating budget from state funding has decreased significantly in recent years, and the key to making up that shortfall is raising private funds.” Fall 2006 That reality was the focus of a recent series of meetings among members of the executive advisory board, Dean Lynne Richardson, and Carl Davis, business alumnus and director of development for the college. “We were looking for a strategic fundraising plan that is aggressive and focused,” says Oklak, noting that their discussions resulted in agreement on three high-priority initiatives that will have maximum impact on the future of the college: attracting outstanding students by providing increased funding for scholarships; recruiting and retaining excellent teachers by funding professorships; and meeting the greatest immediate needs of the college through unrestricted giving. Attracting the best and brightest: Merit scholarships “The Miller College of Business has built some great programs, but attracting the best students and the right professors is crucial to maintaining the level of excellence we’ve achieved,” says Oklak. He and fellow executive board members agree with Dean Lynne Richardson that providing merit scholarships is the best way to attract the best and brightest future business students to Ball State. In an era of decreasing state appropriations and increasing tuition costs, scholarships made possible through private giving can be the difference between a student attending college or not, or between a student attending Ball State or choosing another university. “I know, anecdotally, of students who have chosen other state institutions that provided freshman scholarships from the business school, and we could not match that offer,” Richardson says. Oklak agrees that merit scholarships are essential to student recruitment. “Incoming students have a lot of choices, and there is a significant difference in what incentives are offered to incoming students,” he says, noting that the Miller College’s four biggest public university competitors for students offer a number of freshman merit scholarships dedicated to their business colleges. “We need to build that pipeline.” The current Lilly Endowment matching gift opportunity makes this a particularly advantageous time to increase support for merit scholarships, says Carl Davis. All gifts to the Miller College of Business Merit Scholarship Endowment Fund received by December 31, 2006, will be matched one-to-one, up to $300,000, by Lilly Endowment Inc. “This is our primary fundraising focus between now and the year’s end,” says Davis. “I hope all alumni and friends will give generously, so we can take full advantage of this unique opportunity.” Pay it forward: professorships The Miller College of Business has long been recognized for teaching excellence, and recruiting and retaining the best business professors is key to its continued success. Like many Ball State business alumni, Sarah Myers values the close connections that she formed as an undergraduate with faculty members who were active and supportive. Myers, who graduated in 1989 with an accounting degree and now works for PriceWaterhouseCoopers, says it wasn’t until “ Attracting the best students and the right professors is crucial to maintaining the level of excellence we’ve achieved. ” – Denny Oklak she had graduated that she began to fully appreciate the unique opportunity she had to interact with outstanding business professors while at Ball State. “It was such a benefit to have small class sizes and to be able to talk to professors every day and really develop relationships with them,” she says. “Once I left Ball State, I began to understand that everyone didn’t have that experience in college.” But as current faculty retire, replacing them with scholars of equal caliber is challenging, since other universities face the same retirement crisis and are pursuing the best and brightest business minds with equal vigor. “Business is one of the most competitive areas in which to attract and retain new faculty,” explains Davis. “The market rate required to attract new business faculty, especially in areas such as accounting, has substantially increased over the years.” In addition, Richardson notes that many Miller College of Business faculty members could command greater salaries at other universities if they chose to look elsewhere. “Additional monies for professorship funds would allow us to supplement their salaries and keep them at Ball State,” she says. Myers believes that remembering those who made a difference in your education is important. “You realize you want to keep those professors, and others like them, at Ball State so future students can have the same kinds of quality classroom experiences,” she says. “And when you recognize that, you realize that giving to a professorship is a good place to direct your funds.” Meeting the greatest needs: Unrestricted giving Providing merit scholarships is essential to recruiting good students to the Miller College of Business. Unrestricted funds provide the Miller College of Business with essential flexibility, enabling the dean to make decisions about using the funds when and where they are most needed—no strings attached. Executive advisory board member Kent “Oz” Nelson, former chairman and CEO of United Parcel Service, is a firm believer in the importance of unrestricted giving. As a member of the United Way of America Board of Governors, Nelson understands the frustration of what he calls, “Water, water everywhere and not a drop to drink.” “Most of the giving I do is unrestricted,” he says. “Perhaps this is because I have found in Fall 2006 • Ball State business my own fundraising that we have exceeded our goals, and yet we are short of funds.” This can happen when donors place restrictions on funds in regard to when, where, how, or for whom funds can be distributed, says Nelson, noting that he prefers to let organization leaders make those kinds of decisions. “The people with their hands on the problems day to day know where the real needs are,” he says. “Unrestricted giving provides those who run the organization the flexibility to meet those needs.” Richardson says she appreciates that flexibility, noting that in the past few years, unrestricted funds have allowed the college to refurbish classrooms and other areas of the Whitinger Building—replacing dated décor and furnishings and creating a much more welcoming interior. In addition, unrestricted funds support ongoing expenses as they arise. “For example, we can use the monies from unrestricted funds to support faculty travel, a speaker series for students, or to purchase software,” she says. “When you give to unrestricted funds, you are trusting the college’s leadership to spend your monies wisely, and we pledge to do that.” Win-Win Denny Oklak believes that for alumni, giving back to their alma mater is a win-win situation. “When you give to the college, you are investing in yourself as well,” says Oklak. “When the reputation of the college To maintain its reputation for teaching excellence, the Miller College must retain and recruit outstanding business faculty, for whom competition is strong. continues to grow, it helps all those who have earned degrees from the Miller College of Business and Ball State University.” But most importantly, he says, by giving back to the college alumni have the opportunity to return a bit of the nurturance they received as undergraduates, making it possible for current students to learn in the best possible environment from top-notch professors. “As those students become alumni who value their college experiences, they, in turn, will give back,” says Oklak, who has personal experience with this “natural progression.” “When I was at Ball State, I received some financial help, and my education in the business college prepared me well,” he says. “The success I’ve had professionally is in large part due to my Ball State education. So I feel it’s my duty to give back to the college that prepared me to succeed. I think all alumni should feel that way.” l Carmen Siering is a Muncie-based freelance writer. just give ten Ten dollars for every year since graduating from Ball State—that’s what the Miller College of Business is asking you to give to support the college in continuing to provide excellent programs and opportunities to outstanding students. Miller College of Business giving priorities and goals • $1.4 million for freshman merit scholarships • $350,000 for professorships • $250,000 for unrestricted giving To make your gift to the Miller College of Business: 1. Return the gift card that is enclosed in your Annual Fund letter from the Miller College of Business, specifying the amount of your gift and the fund to which you’d like to contribute. OR 2. Go to Ball State’s secure online giving site—www.bsu.edu/ giving—and select the Miller College of Business to allocate your gift. OR 3. Provide your gift information when a Ball State phonathon student calls. Ball State business • Fall 2006 Your gift counts double in 2006 All gifts to the college dedicated to the Miller College of Business Merit Scholarship Endowment Fund and received by December 31, 2006, will be matched one-to-one, up to $300,000, as part of Ball State’s matching gift opportunity with Lilly Endowment Inc. In addition, corporate matching gifts are a good way to increase support for the college. Contact your employer’s human resource department for details about its program. Tax-free gifts Thanks to a new tax law, you may be able to make a tax-free charitable gift to the Miller College of Business through your IRA. Those age 70 1⁄2 and older can rollover IRA funds up to $100,000 in 2006 and 2007. For details, contact: Phil Purcell, Vice President for Planned Giving and Endowment Steward- ship, Ball State University Foundation at: ppurcell@bsu.edu or call toll-free (888) 235-0058. Feature Miller College Connections From classroom to boardroom—even to the family room—the Miller College of Business creates priceless connections that help build strong business networks and nurture supportive relationships. by Mary G. Barr Fall 2006 • Ball State business “Networking does work. It’s important never to underestimate the significance of being an active part of not only the larger organization of your workplace, but also your community and organizations.” Business network For Ball State business alumnus Larry Metzing, networking just comes naturally. Among his vast business network are friends, army buddies, fraternity brothers, and a surprising number of business people with whom he has worked on Miller College of Business activities over the years. In addition, the company roster of Sunbelt Indiana Business Resource—the business brokerage firm that Metzing cofounded in 1981—reads almost like a page from the Ball State University “B-book” directory. The four senior partners of the Indianapolis-based company, including cofounder Dick Hester, top a list of Ball State alumni who reflect a diverse range of backgrounds and ages. “I probably have been in a dozen businesses in my career, and in every one I had some direct personal relationship that got me involved and made it successful,” says Metzing, recipient of the 2002 Ball State University Award of Achievement and a long-time entrepreneurship program advisor and senior project panelist. “If I would pull out my networking book and guess how many names are Ball State connections, it would be a huge, huge number.” After successes in banking and as an investor in a variety of endeavors, Metzing partnered with Hester to grow their company into one of Indiana’s leading business brokerages, specializing in the marketing and sale of small and mid-size businesses. Meanwhile, two other Ball State business alumni were building their own brokerage company. Last year Brian Knoderer and Bob Cochrane, who became business partners many years after meeting at Ball State, merged their company with Sunbelt Indiana Business Resource. “I am surprised at how many people I deal with in business are graduates of the Miller College of Business,” says Cochrane, who was a double major in accounting and finance. 10 Ball State business • Fall 2006 In addition to its four senior partners—also pictured on page 9, from left, Dick Hester, Larry Metzing, Brian Knoderer, and Bob Cochrane—the Sunbelt Indiana Business team of Ball State business alumni includes Steve Pierce, second from left, and Scott Pounds, far right. “For me, it really pays to socialize and network in business.” As a professional intermediary, Metzing’s extensive network links buyers, sellers, accountants, bankers, and other business associates. “I literally do no advertising,” he says. “All of my business is by referral, and I get more calls than anyone just because in the last 25 years I’ve done a ton of networking. I love it.” A way of life Look under “W” in Larry Metzing’s networking file, and you’ll find another active Ball State business alumnus and master of networking. Larry Wechter is managing director, CEO, and founder of Monument Advisors, a 10-year-old private equity fund in Indianapolis that acquires profitable Midwest-based, micro-cap companies. “The CEOs of my partner companies tend to have my home phone number,” says Wechter, who graduated with an accounting degree in 1976. “I know their kids and they know my kids. My work, my personal life, my family—everything melds together.” Wechter’s self-described “nontraditional” work style has benefited his family, he says. “It’s learning by osmosis in the Wechter house. My kids have been exposed at an early age to all aspects of my work, my partner businesses, their leaders, and some of the responsibilities I have in respect to that. My kids have gained an appreciation for what being part of the business community is like.” Son Logan—one of four children in the Wechter household and a sophomore at Ball State—was a summer intern with several of his father’s partner organizations. “I’ve always been into my father’s company. I try to take Alumnus Larry Wechter’s son Logan, a Ball State sophomore, has interned with several of his father’s partner organizations. after him,” says Logan, who is particularly interested in business computer integration. “I tried to get involved in all areas of business in the different companies and got to know people a bit more personally. It’s good to start getting references.” Larry Wechter stresses the importance of developing relationships to all business roles. “An organization by its very nature is a team sport. You can only go so far with your own personal skill set,” he says. “Accounting is no different than any other profession. For you to generate significant income for your organization, you have to depend on other people. The most successful accountants are the ones who are able to work with others.” Climate for success When Jim Clemens relocated from Georgia to the Muncie area to work for Elwood-based Red Gold last November, one of the first things he did was call Miller College of Business Dean Lynne Richardson. The conversation was not in relation to his two sons Chris and Tyler, who were both Ball State business undergraduates at the time. Instead, he was making a connection and wanting to contribute. “I was impressed with what the Miller College of Business had been doing while I was out of the state,” says Clemens, who worked with Sony in senior finance leadership roles for 17 years, first in Terre Haute and then in Atlanta. He also appreciated what his sons were learning in the college and wanted to help be a part of that climate for success. Always an active member in CPA organizations, Clemens—who graduated from Ball State with a double major in accounting and finance—agrees with Larry Wechter’s view of the importance of networking to all business roles, even those less traditionally associated with networking. “As skillful and as necessary as accountants are to business, I’ve observed that as an industry we are typically not as good at networking as areas such as sales or marketing.” Clemens recalls how meaningful it was when he first arrived in Georgia and connected with fellow alumnus Gary Julian, who is executive director of the Georgia Society of CPAs. From Julian’s vantage point of working with business professionals throughout the country, he observes an increased value on the softer skills of business. “That emphasis is being generated from the schools of business,” he says. “Networking does work,” says Jim Clemens. “And I think it’s important never to underestimate the significance of being an active part of not only the larger organization of your workplace, but also your community and organizations.” His sons are good examples. After graduating with a Ball State marketing degree last May, Chris Clemens took a job in California, where he knew virtually no one. “My plan of action was simple—I wanted to get involved,” says the young graduate, who got in touch with local chapters of the Ball State University Alumni Association, as well as his social and business fraternities. Making connections is not without challenges. “It takes time and energy,” says Clemens. “Once you settle into a new town, you should make time each week to build your network.” He notes that Dean Lynne Richardson Father and sons Chris, Jim, and Tyler Clemens share Ball State business ties and an appreciation for the value of networking. Fall 2006 • Ball State business 11 “Ball State’s roots as a teacher’s college have facilitated a culture that encourages positive relationship building. There’s a proud sensitivity toward the student experience—working with students one-on-one and fostering mentoring relationships.” and others in the college do a good job of providing students with opportunities to interact with alumni. His brother, marketing student Tyler Clemens, agrees: “Almost every professor incorporates networking strategies into class. The importance is stressed on a daily basis.” Culture of connections Miller College of Business Associate Dean Rodney Davis believes that Ball State’s roots as a teacher’s college have facilitated a culture that encourages positive relationship building. “That spirit still permeates the campus today,” he says. “There’s a proud sensitivity toward the student experience here—working with students one-on-one and fostering a mentoring relationship.” It’s a legacy that is passed from one generation of professors to the next. “Our reputation includes exceptional classroom teaching, and we are very thoughtful about the hiring process and having a good fit with our ‘Ball State family’ culture,” he says. Davis can look to his own family to see how college connections have made a difference. His sons Rodney Jr. and Ryan grew up in Muncie, with Ball State faculty and their families. Rodney, who graduated with a marketing degree, is chief marketing officer with U.S.A. Swimming, the national govern- Charlene and Rod Davis, associate dean of the Miller College of Business, value the supportive “Ball State family” culture. 12 Ball State business • Fall 2006 ing body for the sport. Younger son Ryan graduated with a minor in marketing and works in sales for Titleist. “If you want your children to attend the school at which you are teaching, you’re doing that because you think they’re going to get a good education,” Davis says. “In another case, my wife was working on her master’s degree while we were married. You have to be mindful of one’s role as a family member versus a faculty member, or in my case as a department chair. But without a doubt, for my family, their individual experiences here were extremely valuable. They have interesting careers and are doing what they love.” Charlene Davis has had the opportunity to experience different university cultures. After receiving her management degree as a nontraditional student and her MBA from Ball State, she went on to earn her PhD from the University of Kentucky and currently is a professor at Trinity University in San Antonio, Texas. She agrees that there is indeed something special about the culture of supportive relationships at Ball State. “The Miller College offers the best of both worlds—with broad enough disciplines and personal attention,” she says. “The professors get to know you, and they know your aspirations. I can think of at least a dozen professors here who helped shape not only my education, but also my way of thinking.” A good team The Miller College of Business literally brought together 2003 graduates Aaron and Jacqueline Burton. Although the two were acquainted as a result of living in the same residence hall, it was the semester they both began their undergraduate business studies in earnest and shared four of five classes that made the difference, they say. “That helped seal the deal,” says Aaron How to work your network Everyone can reap the benefits of making connections. Here are some tips from Ball State business alumni: Business alumni Jacqueline and Aaron Burton discovered as undergraduates in the Miller College of Business that they make a good team. Burton, a credit analyst for First Merchants Bank in Muncie. The Burtons, who were married in 2003, note that in addition to having virtually the same schedule, they often worked on projects and studied together. “We recognized that we make a good team,” adds Jacqueline Burton, a claimant representative in Muncie’s Social Security Administration office. Aaron, who earned a management degree and is completing his MBA at Ball State this year, and Jacqueline, a finance graduate, agree that their Miller College of Business education and experience have proved valuable in their careers, as well as their marriage. Jacqueline, who met her current employer at a university career fair, says she draws upon her finance background regularly in her position. And Aaron notes that the longer he’s in the business world, the greater appreciation he has for his business degree. The Burtons also are grateful for the influence and encouragement of professors from whom they say they learned not only about business, but also about how to conduct themselves in professional situations. “Our professors—Dr. Sundaram especially—cared not only about the subjects they taught, but also about us and how we’ll use what was taught,” explains Aaron. “They’re very accessible. In fact, I’m still comfortable contacting former professors for advice, and I’m glad to have those connections.” l Get face time. Larry Metzing believes you can’t build relationships with technology. “I think you can enhance a relationship with technology and maintain some level of communication but I really think it’s impossible to build relationships with e-mail,” he suggests. “If you substitute face-to-face networking with technology, I don’t think you’ll create a true successful relationship.” Homework never ends. Doing a little research would seem like a basic before a networking encounter, but Larry Wechter says it’s often forgotten. “It’s incredibly important. You don’t know how impressive it is when someone says, ‘I was just on your Web site’ and then they tell me what they noticed.” Persistence pays. Wechter recommends setting up a tickler file and every two months emailing your contacts with a personalized update about what you are doing. Be fearless. Don’t be afraid to show your passion for your field, says Wechter. As a member of the panel of outside business executives who judge Ball State’s senior entrepreneur students each year, he likes to see a student’s vision, passion, and commitment in addition to a solid business plan. He makes the parallel with networking: “A company is going to hire or work with you based on your excitement, your commitment to past experiences, and the passion you have to be part of something that is vibrant.” Talk to everyone. Young alumnus Chris Clemens has found in a few short months of settling into a new environment that he talks to everyone he encounters. “No matter who you meet, get their contact information. When you open a new bank account or start an insurance plan, talk to your agents,” he says. “Find out who are in their networks and then keep in touch.” Remain in touch. Chris Clemens also says to invest your time. “One goal for me is to contact one person I have not talked to recently each evening—just a simple phone call or e-mail. You never know when you may need them.” Network with Miller. Rod Davis suggests there are plenty of opportunities to connect at Ball State. “Just get involved,” he says. “You can make a difference. Your alumni involvement—large or small—is a contribution to both the school and to yourself. Give us a call!” Mary G. Barr is an Indianapolis-based freelance writer. Fall 2006 • Ball State business 13 Feature investing in reality Ball State’s student-managed investment fund trades real dollars W hat Monopoly player hasn’t at one point or another engaged in a bold strategy, shunning those stable but dull utilities and lining Boardwalk and Park Place with houses and hotels? You might win big or you might lose your shirt, but, after all, it’s only play money. Using a simulation to teach college students the ins and outs of investment can have the same shortcomings, says Manoj Athavale, chairman of the Department of 14 Ball State business • Fall 2006 Finance and Insurance in the Miller College of Business. “People take a lot more risks with fake money than real money,” he says. “If you lose $500,000 in Monopoly money, what have you really lost?” Reality is what makes the Practicum in Investment Analysis and Decision Making finance course unique. It provides students with knowledge and practice in managing and growing an investment portfolio using real dollars—500,000 of them—entrusted to their management by the Ball State Univer- • by Steve Kaelble sity Foundation. The responsibility of caring for that much real money is priceless. First offered in the fall of 2005, the course began as a proposal forwarded by Miller College of Business Dean Lynne Richardson on behalf of the department to the foundation to establish a student-managed investment fund. “The intention was to further students’ educational objectives by providing a practicum in financial analysis and portfolio analysis,” Athavale says. The foundation originally agreed to put a ‘‘ ’’ I believe the fund’s biggest success is allowing students to experience making decisions that have a real financial impact. $250,000 fund in the hands of Miller College of Business students, under the supervision of Athavale and Mark Myring, Ball State distinguished professor of accounting and director of graduate studies in accounting. “The students meet once a week in a classroom setting,” Myring says. “They consider investment ideas, look at the fund’s performance, and attempt to identify companies to make an investment in.” Although it is a finance course, the class is interdisciplinary and has attracted students outside the department. Eight students participated the first semester, and 11 signed up when it was offered again spring 2006. Getting into the class goes beyond registering for it, beginning with an application process to help ensure that the class will meet the academic needs of students and that the students possess the level of responsibility required to carefully shepherd the foundation’s money. Students also are expected to have some previous knowledge of investments. “They are responsible for the entire portfolio, including securities analysis and driving the strategy that will determine — Timothy J. Bush the fund’s performance,” explains Athavale. The fund presents an excellent opportunity for students, says former class participant and accounting and economics graduate Timothy J. Bush, who also recently earned a master’s in accounting from Ball State. “We were taught how to use a wide range of stock-valuation techniques and investment strategies,” he says. “Because most of the stock presentations are prepared by groups, the students are also able to improve their team work.” Bush views the skills honed while managing the fund as valuable for both career advancement and personal responsibility. “I have always been interested in money management as a career and also as a must-have skill. People work hard to earn a living, but too often they do not know what to do with the money they have earned,” he says. Getting a semester’s worth of real-life practice was a particularly worthwhile experience, adds Bush. “The best part of the student-managed investment fund experience was that real money was involved,” he says. “The most difficult thing we had to do was not the stock research or preparing the presentation, but making a decision that could cost the university several thousand dollars. Dealing with that pressure is not something you are usually exposed to in the classroom, but I believe it is just as important as any other skill that students learn at college.” So how has the fund performed? Well enough Students in a Miller College of Business finance course taught by that the foundation Manoj Athavale and Mark Myring are responsible for the performance increased the amount in of the student-managed investment fund, a $500,000 fund entrusted to the fund from $250,000 their care by the Ball State University Foundation. to $500,000 this fall. “The fund was benchmarked against the S&P 500. In the end, we were pretty close to matching the performance of our benchmark,” Bush says. The results are due in part to the fact that the students typically implement fairly conservative investment strategies. They’re not day trading, Myring observes: “Our philosophy is a buy-and-hold philosophy. We want to make investments for the long term.” With that in mind, those managing the investments are pleased to report that there is indeed more money in the fund than when they started. Given the nature of the project, that’s a victory in itself, Bush says, noting the unique challenges of the classroom setting. “Imagine starting an investment company in which everyone is fresh out of college, you have only a few weeks to train them before you need to produce results, and turnover approaches 200 percent annually,” he says. “And don’t forget that everyone takes a three-month vacation over the summer!” That’s just the nature of the beast, says Athavale, noting that he and Myring observe the portfolio over the summer, but hope to be able to offer the course in the summer months as well so students can remain at the helm all year. The fund and the course are evolving, but most importantly, the students involved are learning and growing. “Students report that it has increased their interest in the field and improved the skill sets they will take to the workplace,” Athavale says. “I think the students who participated in the fund will have a leg up on their peers once they begin their careers,” agrees Bush. “I believe the fund’s biggest success is allowing students to experience making decisions that have a real financial impact.” l Steve Kaelble is an Indianapolis-based freelance business writer. Fall 2006 • Ball State business 15 Awards Hall of Fame Paul W. Parkison Miller College of Business Recognizes Alumni Achievements Among the guests at the 2006 Alumni Awards celebration were, from left: Ball State University President Jo Ann Gora and 2005 Award of Distinction recipient Scott Porter; Hall of Fame recipient Anthony Smith and Miller College of Business Alumni Board President Dave Heeter; Smith and fellow Hall of Fame honoree Paul Parkison. A capacity crowd filled the Ball State University Alumni Center Friday, September 8, for the third annual Miller College of Business Alumni Awards Dinner. The gala evening drew college alumni and friends—including award winners and business and community leaders—from across the country and as far away as South America. Special guests from Ball State University included President Jo Ann M. Gora, Provost and Vice President for Academic Affairs Terry King, Vice President for University Advancement Ben Hancock, and Board of Trustee Barb Phillips. In addition, students representing a number of business student organizations attended the event with the support of sponsorships. The assembly was welcomed by President Gora and Dave Heeter, president of the Miller College of Business Alumni Board, which initiated the awards event. Following dinner, ten outstanding alumni were recognized, including two respected Hall of Fame recipients who have enjoyed a professional relationship and friendship for nearly 40 years. Miller College of Business Department of Accounting Chairman Emeritus Paul Parkison has been professor and mentor to Anthony Smith, partner and director of SASA Capital Markets Center for Ernst & Young. Both gentlemen expressed gratitude for the honor and sincere appreciation for the privilege of sharing the podium. 16 Ball State business • Fall 2006 Chairman Emeritus, Department of Accounting Miller College of Business Yorktown, Indiana BS Business Education, 1958; MA, 1961 In 1966—a year after Ball State earned its university designation and created its business college—Paul Parkison returned to his alma mater as an accounting professor. Six years later he began his 29-year tenure as department chair, playing a leading role in growing the department, building its reputation, and helping the college achieve accreditation. Under Parkison’s leadership the accounting department grew from six to 18 faculty members, and Ball State became the first public university in the state to achieve separate AACSB accreditation for its accounting program. He also led faculty and staff fundraising during Ball State’s Wings of the Future capital campaign to surpass its $1 million goal in 1992, as well as the effort to endow a distinguished professorship in accounting. Parkison has earned recognition for leadership in many professional and volunteer arenas, including the Distinguished Service Award from the Indiana CPA Society (the first educator to receive this award); the Sagamore of the Wabash by the State of Indiana; and the Ball State University Alumni Association’s Distinguished Alumni Award and Benny Award. Key to Success: “One person cannot succeed alone. I have had great mentors, beginning with my parents and an aunt who was a third-grade teacher. Ball State’s Bob Bell and Virgil Herring were important in my decision to make college teaching my career, and I enjoyed working with three fine deans, Bob Bell, J.B. Black, and Neil Palomba. Equally important was the support of faculty and my wife and children.” Best of Ball State: “My favorite memory is the night of October 8, 1954, when I took my future bride to the Homecoming Bonfire on our first date! Also, when I retired, I was overwhelmed by the outpouring of gifts from former students to the endowment in my name that would provide scholarships to future accounting students.” Awards of Distinction Anthony W. Smith Partner, Director of SASA Capital Markets Center, Ernst & Young Sao Paulo, Brazil BS Business Administration and Accounting, 1968 In 2005—just months before retiring from a distinguished, 35-year career with Ernst & Young—Tony Smith accepted an unexpected, remarkable assignment. He opened a Capital Markets Center for Ernst & Young in Sao Paulo, Brazil, serving all of South America. Before accepting the post, in which he oversees Securities and Exchange Commission foreign private issuers in Brazil, Argentina, Chile, and Peru, Smith was assigned to the national office of Ernst & Young, managing the firm’s risk and consulting with engagement teams. A member of the American Institute of Certified Public Accountants, Smith has served as president of the Indiana CPA Society and chairman of the Indiana CPA Licensing Board. He was named a Sagamore of the Wabash and has volunteered in a number of leadership capacities, including as chairman of the Alexis de Tocqueville Society of the United Way of Central Indiana, tournament director of the RCA Tennis Championship in Indianapolis, and treasurer of the Indianapolis Jazz Fest. A member of the Miller College of Business Executive Advisory Board, Smith also received a Distinguished Alumni Award in 2002. Key to Success: “I was raised in a small town in Indiana and was instilled with strong values by wonderful parents. I also spent 19 months and 27 days in the military and a year in Vietnam that had a significant impact on my drive, personality, and demeanor. My wife and daughter also contributed to my success.” Douglas H. Bowers Sheryl L. Conley President Banc of America Leasing and Capital Charlotte, North Carolina BS Finance and Economics, 1979 Group President, Americas and Global Marketing and Chief Marketing Officer Zimmer, Inc. Warsaw, Indiana BS Chemistry and Biology, 1982; MBA, 1993 As president of Banc of America Leasing and Capital, Douglas Bowers is responsible for leading the company’s leasing and wholesale vendor financing business. Before being named to his current role in 2004, Bowers served as transition executive for Bank of America Global Corporate and Investment Banking. Previously, he was managing director of the Banc of America Leasing and Capital Group. Among his professional achievements, Bowers provided leadership for the merger integration of Bank of America and Fleet Boston; the recast of Bank of America’s European business; and the creation of the number one bank-owned leasing company in the United States by combining the nation’s number two and three leasing businesses. His volunteer roles include chairman of the Alexis de Tocqueville Society of the United Way of Charlotte and member of the Bank of America Diversity Advisory Council. Key to Success: “I was always busy. At Ball State, I worked 20 hours per week; participated in many ‘outside of classroom’ activities; and took a full load of classes, graduating in 3½ years.” Best of Ball State: “I thoroughly enjoyed Sigma Chi brotherhood and friendships. Also, more than 35 members of the greater Bowers clan have received degrees from mighty Ball State University, and all have flourished. There is credit to many, but certainly, Ball State played an important role.” Sheryl Conley is the first chief marketing officer of Zimmer, Inc., a worldwide leader in the design, development, manufacture, and marketing of reconstructive and surgical orthopedic products and instruments. She is responsible for all western hemisphere operations, including the Zimmer U.S. businesses, Canada, and Latin America, as well as all global marketing, including U.S. marketing. Conley began her 22-year career with Zimmer in clinical research and received several promotions in distribution planning through 1994. She then joined marketing as a product manager, led the VerSys Hip development project, and in 1997 was promoted to vice president, marketing, hips. In 1998, she assumed the role of general manager, Zimmer Canada and then returned to Zimmer’s corporate headquarters in 2000 with a promotion to vice president, global brand management and commercialization. Conley was later promoted to president, reconstructive, and, more recently, to president, global products group following the Centerpulse acquisition. Key to success: “The support of my family to pursue a very challenging career and the greatest gift from my parents—my education.” Best of Ball State: “Too many great memories and times! The person who had the most impact on my life was a tough chemistry professor who gave me a ‘kick in the pants’ to work to my potential.” Best of Ball State: “In spring of 1968, Paul Parkison taught the CPA coaching course I took. Then, that spring, he went to Indianapolis with our class and sat for the CPA exam—a rather intimidating experience. I am humbled and appreciative to receive this honor and especially gratified to receive it alongside Paul Parkison, a man who has been a mentor to me.” Fall 2006 • Ball State business 17 Awards of Distinction Awards of Achievement Kenneth J. DePaola Jr. Terry L. Walker Gregory S. Beyerl Senior Vice President, Advertising Chicago Tribune Chicago, Illinois BS Management, 1979 President, CEO, and Chairman of the Board Muncie Power Products, Inc. Muncie, Indiana BS Accounting, 1968 President and CEO Sign Craft Industries Indianapolis, Indiana MS Accounting, 1983 As senior vice president of advertising for the Chicago Tribune, Kenneth DePaola Jr. is responsible for overall advertiser sales and marketing. He also is president of Tribune Media Net, overseeing national advertising for the company’s 11 newspapers and niche publications and leading cross-media sales efforts. A recipient of the Tribune Leadership Award, DePaola led the Tribune’s sales organization to the best results in the nation for four consecutive years. In his 26-year career, DePaola has worked in a variety of sales, marketing, and executive management positions at the Tribune, and previously at the Chicago Sun-Times and Midwest Suburban Publishing. His professional affiliations include membership on the Newspaper Association of America Display Board and the Better Business Bureau. He volunteers as a member of the board of the Greater Chicagoland Food Depository. Before beginning a nearly 30-year career with Muncie Power Products, Terry Walker was a partner in R.J. Whitinger and Company, the Muncie accounting firm where he had worked since graduating from Ball State. Walker says he is fortunate to have had two employers who encourage involvement in the community. In addition to his membership in the Indiana Association and American Institute of Certified Public Accountants, he has served in leadership positions with the Ball Memorial Hospital Board, the Muncie Symphony Orchestra, the Community Foundation of Muncie-Delaware County, and many other organizations, including the Muncie Children’s Museum advisory committee. Walker was president of the museum during its capital campaign to build a new facility, serving on the steering committee that raised $4 million, exceeding the original goal by $1 million. He received a Benny Award from Ball State and was named Accountant of the Year by Beta Alpha Psi, an honorary organization for financial information students and professionals. Gregory Beyerl became president and CEO of Sign Craft Industries after purchasing the company in 2001. Under his direction, the company has advanced to become a leader in the design, fabrication, and installation of quality signage. Through the use of systems and technology, the company’s culture has improved and revenue and net profit increased. Under Beyerl’s leadership, Sign Craft was a Blue Chip Business Award winner, recognized for overcoming challenges and achieving a marked change in company performance. In 2004, the company was named by the Indianapolis Business Journal as one of the fastest growing private companies in the Indianapolis area. Before purchasing Sign Craft, Beyerl was vice president and controller for Bindley Western Industries. He previously was employed by Pricewaterhouse and is a Certified Public Accountant, Certified Fraud Examiner, and a member of the Midwest Sign Association Board of Directors. Beyerl is a member of Ball State’s MBA Advisory Board and also serves on the boards of Gleaners Food Bank and School on Wheels. Key to Success: “What contributed most to my success is what I call getting A’s in five areas of life—attitude, work ethic, integrity, health, and fun. These are things I truly believe in and practice every day of my life.” Best of Ball State: “I finished college in four years and played on a Ball State football team that won two MAC conferences and championships. I am very proud to have graduated from Ball State. I’m very proud of how the school has grown over the years. And I’m so proud that both my children currently attend Ball State.” 18 Ball State business • Fall 2006 Key to Success: “My short career in accounting gave me a great foundation for moving to Muncie Power Products. There, Hamer and Phyllis Shafer, Joe Wilson, and Ken Briner accepted me, and it was a great place to work and socialize.” Best of Ball State: “My wife and I both were involved in Delta Sigma Pi. I spent many hours creating friendships at the Tally, a mecca for meeting all sorts of people. Joe Jackson, my first accounting professor, made it easy to understand accounting. He and Paul Parkison both kept me on track.” Key to Success: “Through swimming, teaching, and working at a large public accounting firm, I have learned to focus on the end result. By staying true to your goals, all is possible.” Best of Ball State: “Being a graduate assistant and having the opportunity to work in the dean’s office and teach beginning accounting were significant experiences. In addition, Ball State gave me a chance to further my education and renew my friendship with my father. For that, I will be forever grateful.” Ron Brumbarger Mary Frances Luce James L. Stratman President and CEO BitWise Solutions, Inc. Carmel, Indiana AS Manufacturing Technology, 1987; BS Industrial Technology, 1987 Professor of Marketing Duke University, Fuqua School of Business Durham, North Carolina BS Economics and Marketing, 1989 President and CEO Enviroplas, Inc. Evansville, Indiana BS Entrepreneurship and Small Business Management, 1993 Ron Brumbarger has spent his professional career leveraging technology to enhance business practices, improve operational performance, and facilitate organizational growth. He has started six companies and assisted dozens in startup and planning phases. In 1992, Brumbarger cofounded BitWise Solutions and has served as its president and chief executive officer since then. He is responsible for advancing the company from a start-up into one of Indiana’s most accomplished and well-respected technology consultancies. BitWise has received the Indiana Growth 100 award for five consecutive years. Brumbarger is involved in dozens of business and philanthropic organizations throughout the state, including the boards of the Greater Indianapolis Chamber of Commerce and Twelve Stones Ministries. At Ball State, he is a member of the Fellows Society and the advisory board of the Entrepreneurship Center. In 2004, he was named Mentor of the Year for the entrepreneurship program, and the business community has honored Brumbarger with a number of awards. Key to Success: “I attended a very small high school and was not prepared for the independence and size of Ball State. I had a lot of catching up do with my peers, so my memories include lots of work, perseverance, and stretching.” Best of Ball State: “I believe most entrepreneurs struggle with the fear of failure. I do, but I have learned: that failure is good, provided you learn from it; to expect failure and hope those around you are supportive when you stumble; and that I have an unwavering faith that my needs will be met, day in and day out.” In 2004—ten years after earning her doctorate in business administration and marketing from Duke University—Mary Frances Luce returned to the university as a professor of marketing. Prior to her tenure at Duke, she was a member of the marketing faculty of The Wharton School at the University of Pennsylvania for ten years. A member of the Association for Consumer Research, Luce has served in various capacities with the Journal of Consumer Research, including as a member of its editorial review board and associate editor, and was cochair of the 2003 Association for Consumer Research Conference. She has received several awards for publications, including the Leo Melamed Prize (with James R. Bettman and John W. Payne), awarded by the editors of the Journal of Business for the most significant business publication in any journal by faculty not at the University of Chicago. Luce and her husband have spent several years mentoring an inner-city student who is now a college graduate. Key to Success/Best of Ball State:“One of the most enriching aspects of my Ball State experience was acting as a research assistant to Professor John Vann. I was able to see the research process first hand and begin to prepare for graduate school. My experiences working with faculty on research at both Ball State and Duke are the most important aspects of my career success as an academic.” In 1994, Jim Stratman founded Enviroplas, Inc., which provides engineering resin solutions to customers worldwide. Much of the company’s business involves working with engineering grade thermoplastics, supported by a full-service quality control/research and development laboratory. A member of the Society of Plastics Engineers and Ball State’s Entrepreneurship Advisory Board, Stratman has received many awards from the university and the Miller College of Business, including the Scholar Athlete Award, the Emerging Entrepreneur Award, and the Graduate of the Last Decade Award. Stratman is involved in and supports numerous community and philanthropic organizations, including the American Cancer Society, the March of Dimes, the GE Good Neighbor Fund, and the Evansville Catholic Interparochial Schools. Key to Success: “Without question my success is a product of the morals, values, love, and work ethic I gained from my parents and siblings. Also important was the opportunity to study and obtain a degree from Ball State and to apply this very practical knowledge in this great country.” Best of Ball State: “Graduating from its nationally ranked entrepreneurship program and receiving the Entrepreneurship Excellence Award in 1993. Also, the academic and athletic experience I received in my five years at the university was life changing for me personally and has proven to be priceless. What a great institution!” Fall 2006 • Ball State business 19 Bottomline Keeping Good Company R andy Pond has a way with numbers. That became apparent when, as an economics major at Ball State in the 1970s, he took an accounting course recommended by then accounting department chair Paul Parkison and liked it so much that he added an accounting major. But Pond knew how to subtract as well. As a senior, he did the math and determined that he was running short on funds necessary to continue his undergraduate studies. “I went to Dean Black and was going to ask to drop out of school to get a full-time job,” he says, recalling that the dean wouldn’t hear of it. Instead, Pond says, “He raised some money from alumni to get a small scholarship to keep me in school.” With the scholarship and J.B. Black’s encouragement, Pond completed his senior year, graduating in 1977 with a bachelor’s degree in accounting and economics, as well as a real-life lesson in the value of keeping company with concerned and caring people. “Those were four good years,” he remembers. Originally from Indianapolis, Pond went to work for Arthur Andersen, but before long the West Coast beckoned, with its appealing climate and bustling Silicon Valley opportunities. “I moved to California in 1980 with Xerox, located in San Francisco, 20 Ball State business • Fall 2006 and I got caught up in the high-tech craze in the Valley,” he says. “California has a quick pace, especially in the business community, and that intrigued me.” Pond began working on the financial side of a couple of business startups, including a company that was developing high-speed data-communications technology. Networking hardware giant Cisco Systems was so enamored with the technology that it bought the company and absorbed all 85 of its employees, including Pond. Turning heads from the start, he was part of a team that reengineered Cisco’s awardwinning supply chain strategy and was coleader of an enterprise resource planning implementation project. Three years ago, Cisco named him senior vice president of operations. When not at work, Pond, who is married and has two daughters, makes good use of his West Coast location—enjoying snowboarding, golfing, and boating. And the one-time recipient of a helping hand now spends a lot of time helping others, including working with Habitat for Humanity, participating in Knights of Columbus activities, and leading the board of the Children’s Discovery Museum of San Jose. Pond acknowledges that his more recent corporate roles are a step removed from the numbers that once intrigued him so. But he says his Ball State experience, grounded in strong faculty relationships and small classes, sent him into the world with indispensable professional training—plus an invaluable understanding of how one generous person can have a big impact on another. l by Steve Kaelble Randy Pond is a member of the Miller College of Business Executive Advisory Board. Honor Roll of Donors Making a difference in the Miller College of Business 2005-2006 T he Miller College of Business proudly recognizes and thanks all those individuals, corporations, and foundations who have contributed to the college in the past year. Your gifts are helping us make a difference in the lives of Ball State business students—providing much-needed scholarships and first-rate academic programs and facilities; and supporting active, expert faculty who engage, create, and collaborate with students. This Honor Roll of Donors represents contributions made to the Miller College of Business from July 1, 2005 through June 30, 2006. Every effort has been made to ensure its completeness and accuracy. To make a gift to the Miller College of Business, please contact Carl Davis at (765) 285-7053. DISTINGUISHED PARTNER Anonymous - 1 Cisco Systems City of Washington Davies County Growth Council Eli Lilly and Company Foundation Ernst & Young Foundation Estate of Frances Johnson Estate of Isabella Legg Fidelity Charitable Gift Fund Gaylor Group, Inc. Mr. Carl R. George H. H. Gregg Company, Inc. Lilly Endowment, Inc. Dr. Robert H. Myers Ontario Corporation Foundation Mr. & Mrs. Anthony Smith Mr. Umit Taftali EXECUTIVE PARTNER Mr. Thomas B. Bryan Mr. Niel C. Ellerbrook Mr. Thomas R. Ertel First Merchants Bank, NA Lumina Foundation for Education Mutual Federal Savings Bank Charitable Foundation, Inc. Nationwide Mutual Insurance Company Terrance A. Smith Distributing, Inc. Whitinger & Company LLC PARTNER Mr. & Mrs. Mark Albright Amerisure Insurance Mrs. Katherine A. Arbuckle Mr. & Mrs. Gregory Arnott Auto Owners Insurance Company George B. Baccash Mr. Richard L. Baker Ball State Federal Credit Union Mrs. Nora A. Bammann Mr. Robert Beauchamp BKD, LLP Dr. & Mrs. Joseph B. Black Jr. Blue & Co. LLC Blue Ridge Limo & Tour Service Mr. Douglas E. Born Dale Bottom & Elaine McAuliffe Dr. Betty J. Brown Mr. & Mrs. Marvin Brown Brown Associates Wayne & Connie Campbell Central Indiana Chapter CPCU Mr. Carl L. Chapman Chicago Chapter, Risk Insurance Management Society, Inc. Mr. Scott D. Cotherman CPCU–Harry J. Loman Foundation Crowe Chizek and Company Mr. Richard Cutter & Mrs. Helen Casey Drs. Rodney and Charlene Davis Deloitte Foundation Mr. & Mrs. Donald Dumoulin Dunn and Bradstreet Foundation Mr. Michael E. Earley Dean’s Distinguished Partner $10,000 and above Dean’s Executive Partner $5,000–$9,999 Dean’s Partner $1,000–$4,999 East Central Indiana Estate Planning Council Ent & Imler CPA Group, PC Estate of George Terry Farm Credit Services of Mid-America, ACA GE Foundation Mr. Troy J. Gilstorf Independent Insurance Agents of Central Indiana Indiana Farmers Mutual Insurance Group Indiana Workers’ Compensation Institute, Inc. J. Robert and Joanne N. Baur Foundation, Inc. Dr. Mehmet Karafakioglu Katz, Sapper & Miller LLC Mrs. Dorothy J. Kelly Ms. Debra L. Ladyman Liberty Mutual Dr. & Mrs. Martin Limbird Mr. & Mrs. James Lintzenich Mr. & Mrs. Larry Metzing Mr. James E. Morris Mr. & Mrs. William Moser Ms. Jennifer Motz National City Corporation Mr. & Mrs. Kenneth Neff New Castle Community School Corporation Old National Bank Foundation Dr. & Mrs. Paul Parkison Mr. & Mrs. Jack Peckinpaugh Penn Meridian Foundation Praxis Consulting, Inc. PricewaterhouseCoopers LLP Republic Services of Kentucky Richard E. Ross, Inc. Drs. Woodrow & Lynne Richardson Mr. Steven J. Riddle Mr. & Mrs. David Schmitt Mr. Charles E. Schwyn Mr. Michael M. Sherck Mr. & Mrs. Van P. Smith Mr. & Mrs. Randy Sollars Somerset Marketing, Inc. Spencer Educational Foundation, Inc. Mr. & Mrs. Paul Staton Jr. The Community Foundation of Muncie & Delaware County Ms. Cynthia S. Troyer Mr. & Mrs. Jan Umbaugh Union Federal Bank Vectren Foundation Mr. & Mrs. Bruce Wadman Mr. Gary A. Wadman Mr. Jeffrey L. Wadman Mrs. Melba M. Wadman Mr. Robert J. Wagner, II Drs. Winfred & Kathleen Wagoner Terry & Cheryl Walker 2005–2006 Miller College of Business Honor Roll of Donors $500-$999 $250-$499 Accenture Foundation, Inc. AIG Vincent Akers & Lisa Green Mr. Joseph Allardt Mr. & Mrs. James Andrew Ball Corporation Mrs. Elisabeth Battle Mr. Paul S. Bell Mr. Dana J. Berghorn Beta Gamma Sigma, Inc. Mr. & Mrs. Gregory Beyerl Mr. Robert W. Bottom Mr. Derrick Burks Mrs. Jeanne L. Clarkson Mr. Roderick B. Clouse Comcast Spotlight Consolidated Products Foundation Dana Corporation Foundation Inci I. Dersu Mrs. Joyce A. Dulworth Dr. & Mrs. J. Lee Dye Mr. Kevin J. Ervin Farm Bureau Insurance Federated Mutual Insurance Company Dr. & Mrs. John Fitzgerald Jr. Howard Hammer Dr. & Mrs. Richard Hays Mr. & Mrs. Dave Heeter Ice Miller Indiana Michigan Power Company Mr. & Mrs. Richard Irish Mr. & Mrs. Darwin Keyton Mr. James S. Laudick Mr. & Mrs. Ronald Martin Mr. & Mrs. Robert McFadden Miss Charlotte Miller Ontario Systems Corporation Peckinpaugh and Beasley Mr. & Mrs. Marc Pendel Dr. & Mrs. Robert Perry Mr. Bill E. Pershing Mr. Bradley S. Rodeffer Mr. & Mrs. Philip Sachtleben Dr. & Mrs. James Schmutte Schwab Fund for Charitable Giving Mr. & Mrs. Eddie Slaven Mr. David V. Smith Jr. Strategic Marketing and Research, Inc. Todd Andrew Johnston Revocable Trust Mr. Edward J. Wainscott Watson Wyatt Worldwide Mr. & Mrs. Norman Wilson Ms. Barbara A. Younkes Ms. Carol L. Abner Alcoa Foundation Mr. & Mrs. Dale Allen Mr. & Mrs. Anthony Allison Mrs. Phyllis J. Amburn Arlington/Roe and Co., Inc. Dr. & Mrs. Ramon A. Avila Mr. Paul R. Baker Dr. M. 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May Mr. Robert Mayernick Mr. William H. McCarthy Mr. & Mrs. Christopher McCauley Ms. Amy L. McClain Drs. James and Lora McClure Mr. Jack R. McCollum Ms. Betty J. McCombs Mrs. Dru E. McCoy Mr. & Mrs. James McCoy Mr. & Mrs. Randy McCracken Mrs. Janice A. McCreary Mr. & Mrs. Kevin McCrocklin Mr. Fred T. McFarland Mr. & Mrs. Jack McFarland Mr. & Mrs. Ralph McKee Mrs. Carolyn L. McKinney Mr. Barry L. McKinsey Mr. & Mrs. Charles McLean Mrs. Judith L. McMechan Ms. Shaton L. Mc Miller Mr. David W. McNary Ms. Christine M. McNeely Mr. & Mrs. Rex Melchi Mrs. Darlene K. Melson Ms. Melissa K. Mendel Mr. Andrew R. Mendenhall Mr. Douglas J. Menkedick Mr. David J. Meno Mr. & Mrs. David Mercer Mr. Keith R. Meriwether Mrs. Jamie L. Merrifield Merrill Lynch and Company Foundation, Inc. Mr. & Mrs. Kevin Meyer Mike Woelfel, Inc. Mr. & Mrs. Joseph Milazzo Mrs. Karen I. Miller Mrs. Kristi D. Miller Mr. & Mrs. Lyle Miller Mr. Marc R. Miller Mr. Michael A. Miller Mr. & Mrs. Paul Miller Mr. Robert D. Miller Mrs. Ruth A. Miller Mrs. Lisa R. Milner Mr. Timothy D. Minnich Mir Trust UTD Miscellaneous Gifts Mrs. Janet L. Misenar Mrs. Beverly S. Missicano Mrs. Lou A. Mitchell Mrs. Sue A. Mitchell Mrs. Katie L. Majority Mrs. M. Lorene Monk Mr. Mark B. Monteith Mrs. Marilyn L. Montgomery Mr. Mark K. Moody Ms. Courtney L. Moore Mr. & Mrs. E. Bruce Moore Mr. & Mrs. James Moore Mr. & Mrs. Joel Moore Mr. Bruce E. Morgan Mr. Donald E. Morgan Mr. & Mrs. William Morgan Mrs. Nancy L. Moriarty Mrs. Stephanie A. Moriarity Mr. & Mrs. Walter Morris Mrs. Vicki B. Morrison Mr. & Mrs. Russell Morrow Ball State University Mr. & Mrs. Albert Moss Motorola Foundation Mrs. Tamara K. Muhlenkamp Mr. Mark A. Muldoon Mr. & Mrs. Roger Mullins Mr. & Mrs. Vincent Murphy Mr. & Mrs. Austin Mutchler Mutual of Omaha Foundation Mr. Jeffrey O. Myers Mrs. Sarah M. Myers Mr. Tony L. Nash Jeffery Neal & Melanie Mitchell Neal Mr. Virgil C. Neaman Mrs. Gladys M. Neigel Mr. Bruce A. Nestleroad Mr. Paul A. Neumann Mr. George P. Newell Mrs. Cynthia J. Newman Mr. James E. Nicholson Ms. Nancy A. Nicholson Mr. Thomas M. Nickel Ms. Diana D. Nickler Mr. J. Chris Nill Mr. Dan Noble Mr. William R. Noble Mrs. Holly A. Nolan Mrs. Jennifer K. Nordin Mr. & Mrs. Robert Norris Mr. Timothy J. Norton Mr. Carl Oesterle Mr. & Mrs. Rex Ohler Mrs. Linda S. Older Mrs. Colleen M. Olsen Oracle Corporation Mr. Donald A. Orem Mr. & Mrs. Larry Ottinger Mrs. Barbara J. Owens Ms. Melinda J. Owens Mrs. Barbara L. Pagach Mr. Nikolas Pappas Mrs. Marjorie A. Parker Mr. & Mrs. David Pasco Mrs. Barbara L. Patterson Mr. Steven L. Patterson Mr. & Mrs. Daniel E. Payne Mr. & Mrs. Daniel W. Payne Mr. Gary A. Pegan Mrs. Carol A. Peltier Ms. Barrie C. Pence Mrs. Melanie G. Penn Mr. Steve Petro Mrs. Mary J. Pfafman Mrs. Carol S. Pflughoeft Dr. Robert D. Phillips Mr. & Mrs. Patrick Pinkerton Pioneer Hi-Bred International, Inc. Mrs. Lisa R. Pluckebaum Mrs. Lee A. Poe Mrs. Ruth S. Poole Mr. & Mrs. Jason Pope Ms. Jennifer A. Porter 2005–2006 Mr. Scott D. Porter Miss Lynn M. Potosky Mrs. Ellen A. Povalac Mr. Randall K. Precup Mrs. Sherry S. Price Mr. Stephen P. Priddy Miss Julie M. Priest Mr. & Mrs. David Probst Ms. Theresa Prybylla Alexander Mr. & Mrs. Voss Purkey Mrs. Geraldine M. Quinn R.O. Forster and Associates, Inc. Mrs. Marjorie L. Radanovich Mr. Rajeshwar G. Rao Mr. Richard A. Rarick Mr. Lance D. Ratliff Mrs. Dana M. Rausch Mr. & Mrs. Gerald Rebeck Mrs. Harriet B. Redman Mr. & Mrs. Steven Reed Mr. James M. Rees Mr. & Mrs. Kurt Reichle Mrs. Miriam E. Reid Ms. Kimberly A. RemmersStanley Mrs. Patricia A. Rentschler Mr. Michael J. Reverman Mr. James A. Rice Mr. Stephen W. Richardson Mr. & Mrs. William Richardson Mr. Richard S. Riesterer Mr. Randal E. Rife Mr. & Mrs. David Riggs Mrs. Linda J. Riggs Mr. Michael J. Riley Mr. David K. Risley Mr. Thomas G. Rizzi Mrs. Stephanie A. Robbins Mr. Brian K. Robinson Mrs. Helen L. Robinson Mr. & Mrs. Jon Robinson Mrs. Diane S. Robison Mrs. Deborah L. Roemer Ms. Regina N. Rohrbacher Mr. & Mrs. Joseph Role Ronald and Linda Blake Revocable Living Trust Mrs. Mary J. Rook Mr. Sean J. Rooney Mr. David H. Rose Mrs. Susan H. Roth Mrs. Nancy L. Rout Routzahn Agency Mrs. Jo E. Rowe Mrs. Kathryn M. Roy Ms. Amanda K. Ruby Mr. & Mrs. Richard Ruh Mr. & Mrs. Richard Ruppert Mr. Max T. Ruschhaupt Ms. Connie S. Sacksteder Saint-Gobain Containers Miller College of Business Honor Roll of Donors Mrs. Christine A. Sander Mr. & Mrs. Joseph Sarnowski Mrs. Beverly S. Saunders SBC Foundation Mr. & Mrs. Gary Scagnoli Mr. Joseph H. Scarcella Ms. Angela M. Schaadt Mr. Kevin L. Scheiwe Mr. Bryan D. Schildmeier Mr. John E. Schmidt Mr. Lyle K. Scholl Mr. Albert R. Schosek Mrs. Rebecca A. Schott Mr. & Mrs. Skipp Schultz Mr. Timothy W. Schulz Mr. & Mrs. Randy Schumacher Mr. & Mrs. David Schuster Ms. Diane S. Schwartz Mr. Kevin H. Schweder Mr. Michael J. Schweitzer Mr. David E. Scott Mr. & Mrs. Richard Scott Mr. & Mrs. Robert Sculthorp Mrs. Krista R. Seagraves Mr. & Mrs. Raymond Shannon Mrs. Rose M. Shannon Dr. Sushil Sharma Mr. Jerry L. Sharp Mrs. Anne M. Sharpe Mr. & Mrs. Daniel Shead Mr. Darren A. Shepard Mr. & Mrs. John Shields Mr. & Mrs. Jeffery Shore Mr. & Mrs. Michael Shreves Dr. & Mrs. Robert Shupp Mr. Ralph L. Shute Mrs. Alice V. Siminski Ms. Kathleen A. Simpson Mrs. Debra L. Singleton Mr. Paul N. Sizelove Mrs. Debra S. Skillman Mr. Vernard E. Skinner Mr. Charles C. Slomski Mr. & Mrs. Kyle Small Mr. & Mrs. James Smeltzer Mrs. Ann M. Smith Mr. & Mrs. David Smith Mrs. Lisa A. Smith Mr. & Mrs. Ralph Smith Mr. Raymond L. Smith Mr. & Mrs. Ronald Smith Mr. William A. Smitley Mrs. Stephanie J. Snakovsky Mrs. Beverly J. Sobczak Mr. Richard D. Sobel Mr. & Mrs. Eric Soehngen Mr. & Mrs. Landoll Sorrell Miss Margery S. Sparks Jeffrey Speakman & Cheryl Bluhm Speakman Mr. David F. Spears Mr. & Mrs. Bing Spitler Mr. Randy Sprague Mrs. Becky J. Springer Mrs. Linda S. Sprouse Dr. Pamela B. Stazesky Mrs. Juanita F. Steigerwalt Mr. John D. Steinkamp Mr. & Mrs. Michael Stell Mr. John C. Stemmler Mrs. Diana C. Stetzel Stevens Family Revocabale Living Trust Mr. Keith M. Stewart Jr. Mr. Samuel S. Stimmel Miss Ava G. Stiver Mr. & Mrs. Scott Stockwell Mr. Joseph D. Stoffel Mr. Andrew B. Stokes Mr. James E. Stoll Dr. Courtenay C. Stone Mr. James Storey Mrs. Catherine R. Stout Mr. David L. Stover Mr. John M. Strantz Mr. & Mrs. Thomas Strauch Mr. & Mrs. Darby Straw Mr. Garrett H. Street Mr. & Mrs. Robert Strempka Mr. Richard H. Strickland Mr. John W. Strozyk Mr. & Mrs. Jeffery Studebaker Mr. & Mrs. Roger Sturgeon Stutesman, Inc. Mr. Raymond H. Stutzman, III Mr. Stephen L. Sweet Mr. Joseph W. Swihart Mrs. Linda K. Szewc Mr. Fred J. Taccolini Mrs. Linda J. Takayoshi Mr. Danny L. Taylor Mr. Ted A. Tetrick Jr. Mr. John L. Tharpe The Stanley Works Mr. & Mrs. Christopher Thomas Dr. & Mrs. Gerald Thomas Mr. Gerald E. Thomas Mr. Scott R. Thompson Mr. Steven S. Thompson Mr. & Mrs. Mark Tillman Mr. James B. Tilson Mr. Frank W. Tinsley Tipton County Embroidery Circle Mr. Bradley A. Todd Mr. & Mrs. Larry Toole Mr. H. Gregory Toombs Ms. Debora A. Trice Mr. & Mrs. Greg Truex Mrs. Tracy L. Trump Mr. & Mrs. Matthew Tucco Mr. & Mrs. William Tucker Ms. Josephine M. Turner Turner Insurance Services, Inc. Mr. Thomas M. Tuttle, II Ball State University Mr. Gregory T. Twiford Ms. Kristi J. Urfer Dr. Mary E. Vahala Mr. Christopher G. Van Winkle Mr. Donald P. Vanderluit Mr. Paul J. Varga Mr. Jesse W. Vermillion Jr. Mr. & Mrs. Marvin Vincent Mr. & Mrs. Kurt Vogel Mr. Ted L. Voght Mr. Leo W. Vogt Jr. Mrs. Margaret M. Voorheis Mr. David L. Wahl Mr. Roscoe E. Wallace Ms. Marsha N. Walls Mrs. Susan E. Walsh Mr. Gary L. Ward Mr. Gary A. Warren Mr. Todd M. Warstler Mr. Don R. Watkins Mr. Robert J. Wavra Mrs. Judith A. Weibel Mr. Patrick A. Weigel Mr. Kent E. Weinberg Mrs. Cecelia E. Weiss Mr. Stephen S. Welch Mr. & Mrs. James Wellman Wells Fargo Foundation Mrs. Caroline J. Welsh Mr. Lincoln J. Wertenberger Mrs. Kimberly S. Wesley Mrs. Deborah K. Wessling Mr. Bryan M. West M. Lee West, CPA, PA Mr. & Mrs. Dennis Westerfeld Mr. James A. Westfall Ms. Sally N. Wetzel Miss Karen L. Wever Mr. Jeffery K. Whisler Mrs. Kathryn M. Whitaker Mrs. Berta M. White Drs. Michael & Gwendolen White Mr. Gregory A. Whitehead Mrs. Karen D. Whitmore Mr. & Mrs. Thomas Wickens Mrs. Cara A. Widmeyer Mr. & Mrs. Larry Wilber Mr. Sheldon L. Wilde Mr. & Mrs. Andy Williams Mrs. Dawn A. Williams Mr. Jack E. Williams Mr. Roy S. Williams Mrs. Julie H. Williamson Wil-O-Way Farms Mr. James E. Wilson Mr. & Mrs. John Wilson Mrs. Sandra J. Wilson Mrs. Nancy L. Wimmer COL James J. Winters Ms. Marsha A. Wise Terrance Woods & Monica Miller Woods 2005–2006 Mrs. Diana K. Woodworth Mr. & Mrs. Scott Wooldridge Mrs. Lisa A. Wooten World Reach, Inc. Mr. & Mrs. Alan Wright Mr. E. Ned Yaney Mr. Eric M. Yates Mrs. Shelley J. Yoder Ms. Traci A. Yohler Mr. Jerome F. York Mrs. Margo E. York Mr. & Mrs. Gregory Yust CORPORATIONS, FOUNDATIONS, AND ORGANIZATIONS Abbott Laboratories Fund Accenture Foundation, Inc. Aetna Foundation, Inc. AIG Alcoa Foundation American Electric Power Service Corporation American United Life Insurance Company Amerisure Insurance Aon Foundation Arlington/Roe and Co., Inc. ArvinMeritor, Inc. Trust Auto Owners Insurance Company Baird Farms Ball Corporation Ball State Federal Credit Union Ball State University Alumni Association Bank of America Foundation Beta Gamma Sigma BSU Chapter Beta Gamma Sigma, Inc. BKD, LLP Blue & Co. LLC Blue Ridge Limo & Tour Service Boston Foundation Brown Associates Caterpillar Foundation Central Indiana Chapter CPCU Chicago Chapter, Risk Insurance Management Society, Inc. CINergy Foundation, Inc. Cisco Systems City of Washington Coldwell Banker Lunsford Comcast Spotlight Consolidated Products Foundation Cooper Tire & Rubber Company Miller College of Business Honor Roll of Donors CPCU–Harry J. Loman Foundation Crowe Chizek and Company Dana Corporation Foundation Dannon Company Davies County Growth Council Deloitte Foundation Donselman Heating and Cooling Draga Corporation Duke Realty Corporation Dunn and Bradstreet Foundation E.C. Medical Products East Central Indiana Estate Planning Council Eli Lilly and Company Foundation Emerson Electric Company Ent & Imler CPA Group, PC Ernst & Young Foundation Estate of Frances Johnson Estate of George Terry Estate of Isabella Legg ExxonMobil Foundation Farm Bureau Insurance Farm Credit Services of MidAmerica, ACA Federated Mutual Insurance Company Fidelity Charitable Gift Fund First Merchants Bank, NA Gaylor Group, Inc. GE Foundation Georgia-Pacific Corporation Global Impact H. H. Gregg Company, Inc. Helping Hands Home-Ec Club Houghton Mifflin Company IBM International Foundation Ice Miller Independent Insurance Agents of Central Indiana Indiana Farmers Mutual Insurance Group Indiana Michigan Power Company Indiana Workers’ Compensation Institute, Inc. Indianapolis Life Insurance Company Ingersoll-Rand Company Intel Foundation Irwin Union Bank J. Robert and Joanne N. Baur Foundation, Inc. J.P. Morgan Chase Foundation James R. May and Cheryl K. May Living Trust JGR Enterprises, Inc. Jim Bertch Agency Judith A. Gilbert Trust Katz, Sapper & Miller LLC Larry Jacobs Accounting Liberty Mutual Lilly Endowment, Inc. Lincoln Financial Group Foundation Lockwood Family Foundation Irrevocable Trust Lumina Foundation for Education M.W.M. Incorporated Marathon Oil Company Foundation Marsh & McLennan Company McGraw-Hill Companies McNeal and Company, Inc. Merrill Lynch and Company Foundation, Inc. Mike Woelfel, Inc. Mir Trust UTD Motorola Foundation Mutual Federal Savings Bank Charitable Foundation, Inc. Mutual of Omaha Foundation National City Corporation Nationwide Mutual Insurance Company Neely Funeral Home New Castle Community School Corporation Northwestern Mutual Foundation Old National Bank Foundation Ontario Corporation Foundation Ontario Systems Corporation Oracle Corporation Peckinpaugh and Beasley Penn Meridian Foundation Pepsico Foundation, Inc. Pioneer Hi-Bred International, Inc. Praxis Consulting, Inc. PricewaterhouseCoopers LLP R.O. Forster and Associates, Inc. Remy International, Inc. Republic Services of Kentucky Richard E. Ross, Inc. Richard W. Hutson Trust RJ Pohl and Associates, PC Roche Diagnostics Ronald and Linda Blake Revocable Living Trust Routzahn Agency Saint-Gobain Containers SBC Foundation Schwab Fund for Charitable Giving Scott Marketing, LLC Somerset Marketing, Inc. Spencer Educational Foundation, Inc. Ball State University State Farm Companies Foundation Stevens Family Revocabale Living Trust Strategic Marketing and Research, Inc. Stutesman, Inc. Swiss Re Life and Health America, Inc. TABC, Inc. Teledyne Charitable Trust Foundation Temple-Inland Foundation Terrance A. Smith Distributing, Inc. The Community Foundation of Muncie & Delaware County The Stanley Works Tipton County Embroidery Circle Todd Andrew Johnston Revocable Trust Tom Atha Lawn Care Turner Insurance Services, Inc. Union Federal Bank United Technologies Corporation Vectren Foundation Vera Mae’s Ltd. Verizon Foundation W W Grainger, Inc. Watson Wyatt Worldwide Wells Fargo Foundation Whirlpool Foundation Whitinger & Company LLC Wil-O-Way Farms World Reach, Inc. Connections Jeff Brown, BS Management-Entrepreneurship, 1990, is president of Two Men and a Truck-Northwest Indiana in Valparaiso and is opening a satellite office in the St. John-Cedar Lake area. The company is the nation’s largest local moving franchise. Michael Burroughs, BS Insurance and Financial Planning, 2000, accepted a promotion in 2005 to a position as the workers’ compensation unit leader with Montgomery Insurance Company in Charlotte, North Carolina, a sister company of Indiana Insurance—a member of Liberty Mutual Insurance Group—where he was employed previously. Rich Bursek, BS Management Information Systems, 1997, has been promoted to chief operating officer, EVP of Lydian Bank and Trust in Palm Beach, Florida. In his new position, he oversees marketing, public relations, shareholder relations, operations, technology, and branch expansion efforts for Lydian, which provides customized financial services throughout Florida and is Palm Beach County’s second largest bank by market share. Britt Callison, BS Marketing, 1999, is the facility manager of the Fitness and Wellness Center at Briscoe Quad at Indiana University in Bloomington, where she is working toward earning her master’s in kinesiology with a focus on fitness management. Shirelle Chew, BS Finance, 1989, is a global resourcing integration trainer for HSBC, an international bank with offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East, and Africa. She works in the learning and development area, which is responsible for training U.S. processes overseas. Chew, who is based in Indianapolis, has spent several months working in India and Sri Lanka. James Jones, BS Accounting, 1995, has accepted a new position as the vice presidenttax at Boardwalk Pipeline Partners, LP in Owensboro, Kentucky. Michael Keasling, BS Finance, 1977, recently was named senior vice president-leasing for CIT in Chicago, Illinois. He is responsible for both product management and sales management. J. Wayne Leonard, BS Accounting, 1973, is chairman and CEO of Entergy Corporation, an integrated energy company that was selected recently for listing on the highly regarded Dow Jones Sustainability Index—World (DJSI-World). Entergy is the only United States utility to be selected for the list five years in a row. The DJSI is a listing of companies whose overall environmental, social, and economic sustainability performance scores were in the top 10 percent for their sector. Teresa Mahin, BS Business Education, 1971, was honored recently as the 2006 Indiana PTA Outstanding Teacher of the Year. She is completing her 35th year of teaching at Southport High School in Indianapolis, where she is chairman of the business department. Virgil Neaman, BS Business Education, 1963, was named Business Person of the Year for 2005 by the chamber of commerce of Rising Sun, Indiana. Neaman, who also earned a master’s degree in education from Ball State, taught business at Rising Sun High School until he retired. He continues to own and operate Neaman Floral Shop in Rising Sun. Rostyslav Pavlovskyy, MBA, 2004, is managing director of Zootechnology Ltd. in Kherson, Ukraine. Thomas Wagley, BS Marketing, 1958, is president of Wagley Investment Advisors in Muncie. Eugene Wallingford, BS Accounting, 1986, has been appointed head of the Department of Computer Science at the University of Northern Iowa in Cedar Falls, Iowa. Wallingford, who also earned a bachelor’s degree in computer science from Ball State, joined the UNI faculty in 1992. The associate professor also currently serves as chair of the university’s graduate faculty. Aliguma Young, MBA, 2005, is a retail sales representative for the Hershey Company and is based in O’Fallon, Illinois. Dennis Young, BS Marketing, 1972, is general manager of Nautilus Inn in Daytona Beach, Florida. He and his wife are proud grandparents of three boys, including twins born in February. Name ____________________________________________________________________________ Address __________________________________________________________________________ City/State/ZIP _____________________________________________________________________ Your classmates want E-mail _ __________________________________________________________________________ to hear from you. Share Degree/Major/Year _________________________________________________________________ your news with us at Employer _________________________________________________________________________ www.bsu.edu/ business/contactus Position/ Title _____________________________________________________________________ or send an update to Here’s my news for Ball State Business. (Use separate sheet if necessary.) _ _______________ Ball State University, _________________________________________________________________________________ Miller College of Business, WB 100, Support the Miller College of Business at www.bsu.edu/giving. Muncie, IN 47306 Fall 2006 • Ball State business 21 Nominate an Outstanding Business Alumnus Just Give Ten Ten dollars for every year since you graduated from Ball State—that’s what the Miller College of Business is asking alumni to give to support continued excellent programs and attract outstanding students. Turn to page 6 for details about giving priorities and how to make a gift. The Miller College of Business fourth annual Alumni Awards celebration is scheduled for October 5, 2007, but now is the time to nominate an outstanding business leader for a 2007 alumni award. To recommend an alumnus, please contact Dean Lynne Richardson at (765) 285-8192 or email: lrichardson@bsu.edu, or go to: www.bsu.edu/business/alumni. 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