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 IN THIS ISSUE
McCombs Announces New BBA Alumni Network
McCombs Ranks Highly in Three Publications
Mahajan Wins Award for Best Book in Marketing
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McCombs Announces New BBA Alumni Network
With 11 years of success supporting the McCombs MBA Alumni (MMA) Network, the school will extend this effort to BBA alumni by establishing the McCombs BBA Alumni (MBBA) Network. The MBBA Network will connect alumni to each other and to McCombs, enhance the student experience through interaction with alumni, and provide lifelong learning opportunities. The MBBA Network will leverage MMA Network best practices to develop a strong organization that provides valuable opportunities for BBA alumni. Get the full story.
Srinivasan on Car-Buying Personalities: Nitpickers, Tightwads and Snobs
 When it comes to buying a car, are you a nitpicker, a tightwad or a snob? Marketing Associate Professor Raji Srinivasan, who researches how product design relates to the U.S. automotive industry, explained her Total Product Design theory to a group of McCombs undergraduates Sept. 18 as part of the Faculty Research Presentation Series. Get the whole story.
 Symposium Examines Marketer’s Role in Sustainability Initiatives
How can green initiatives and environmentally sustainable business practices win out in the marketplace? That question served as the springboard for a lively two-day discussion on the state of corporate social responsibility Sept. 27-28. Taking part in the conversation were academics, students, corporate representatives and at least one politician (Austin City Council Member Brewster McCracken, right). All of the participants agreed that initiatives in sustainability must be accountable for helping the bottom line. “Green has to be green and green means dollars,” said Victor Welch, director of the Corporate Marketing Initiatives Group at GE. Get the full story.
Mahajan Wins Award for Best Book in Marketing
 Marketing Professor Vijay Mahajan has received the 2007 Berry-AMA Book Prize for the Best Book in Marketing from the American Marketing Association Foundation. His book, “The 86% Solution: How To Succeed In the Biggest Market Opportunity of the 21st Century,” explains that the developing world now holds the greatest market potential for global companies. The book presents techniques and strategies necessary to win in this market, including creative ways to drive business using local infrastructure and local customs. Get the full story.
Brown: Superior Portfolio Managers Can Be Identified
 Is it possible for investors to select, in advance, a superior portfolio manager? That is the question Finance Professor Keith Brown addressed before an audience of McCombs undergraduates during his Faculty Research Presentation Speaker Series talk Oct. 2. Brown’s research has examined the debate about the value of passive versus active portfolio management. He said that passive managers view the ability to consistently beat the market over time as impossible. The idea of active management is that some individuals possess superior information and can generate higher returns on investments. “Active managers are all about trying to capture alpha, which is the shorthand language for the value added,” Brown said. Get the full story.
Executive Education Offers Energy Finance Certificate Program
This unique program offers energy industry managers and executives the opportunity to improve their business acumen in an enviromnent focused on the complexities of their field. Click here for more information or call us at 800.409.3932.
ALUMNI IN THE NEWS
McCombs Graduate Hopes to See Virtual with New Game
Austin American-Statesman, September 24, 2007
Andrew Allemann, BBA ’00, is tackling the world of gaming software with a new twist on fantasy football, social networking and venture capitalism called VirtualVentures.com. The game lets players act as venture capitalists who can virtually invest in real technology. Get the whole story.
Alumnus Appointed to Board of Pride International
Pride International, Inc. (NYSE:PDE) recently announced the appointment of Robert G. Phillips (BBA ’77) to the company's board of directors. Phillips, a member of the McCombs School Advisory Council, has worked in numerous senior management positions in the oil and gas industry for more than 26 years. Get the full story.
Alum Named CFO of Intel
 Stacy Smith, BBA ’85, MBA ’88, and new McCombs Advisory Council member, was recently was named chief financial officer and vice president of finance and enterprise services for Intel Corp. His promotion came after assisting the company’s former CFO for the past 18 months. Prior to serving as assistant CFO, Smith was the chief information officer and general manager of Intel’s European, Middle East and Africa (EMEA) region. In his new role, Smith is responsible for leading the worldwide finance organization and overseeing operation finance, accounting and reporting, tax treasure, internal audit and investor relations. Smith has worked at Intel since he graduated from the MBA program.
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The McCombs School of Business 2005-06 Investors' Report is now available online. Visit the home page to view the 2005-06 donors and financial information.
Grad Talks Investments—in Stocks and McCombs
Craig Hester,
BBA ’71, MBA ’72
Craig Hester has been hitting the business news circuit, making rounds on Bloomberg Television, Bloomberg Radio, CBS Radio and most recently CNBC’s “Closing Bell.” During his appearance on that show in October, Hester discussed his picks for value stocks, a subject he handles with aplomb from 19 years of experience running Hester Capital Management.
The Austin firm manages just under $1.6 million for individual and institutional clients. Since Hester founded the company, the firm has grown steadily, starting with just one employee in 1989 to 17 today. His client base comes mainly through referrals and though his firm is successful, Hester’s desire isn’t to grow the company so large that it becomes impersonal.
“Money management is a relationship business at the end of the day,” Hester says. “It’s built on trust and credibility, and my team and I work hard to preserve that.”
Before starting out on his own venture, Hester began his career as a financial analyst with the Texas Retirement System of Texas and Republic Bank. Later, he gained experience in money management with the Texas Municipal Retirement System and InterFirst Investment Management. In all of these roles, he cultivated relationships with people across the state, many of whom would later become clients of Hester Capital Management.
In part because of his own successes and because he’s a strong believer in education, Hester remains involved with McCombs. He serves as a member on the Advisory Committee for the MBA Investment Fund, where he interacts with student managers and faculty.
“I think advisor participation was designed to be educational for the MBAs,” Hester says. “But I’ve learned just as much from the faculty and students and been introduced to very bright people.”
Among those bright stars, Hester counts three of his current employees—former McCombs MBA students who worked on the MBA Investment Fund.
“Being involved with McCombs is a winning situation for me. We employ interns from McCombs and hire grads. I buy the McCombs product and am proud to come to work with these people every day.”
When he isn’t managing money for his clients or giving back to McCombs, Hester splits his time between a small Texas ranch and traveling to Colorado to hike. In 1998, Hester made it a personal goal to climb the 54 Colorado peaks that reach over 14,000 feet. He’s managed to meet that goal half way, climbing 27 of those peaks thus far and has plans to complete the remaining in the following years. For Hester, raising new heights is equally important in both his personal and professional lives.
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Last Updated
Wednesday, July 23, 2008