McCombs School of Business
McCombs School of Business
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   News for Graduate Alumni & Friends from the McCombs School
      February 7, 2008     
    Vol. 8, No. 12
     
 

 

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The McCombs School of Business 2005-06 Investors' Report is available online and lists the 2005-06 donors and financial information. 


 ALUMNI SPOTLIGHT


Marine_WarrenWarren Marine
BBA ’89
MPA ’89


Warren Marine, who was in the first graduating class of the integrated MPA program (formerly PPA) in 1989, has parlayed his degree into international posts with KMPG in Munich, Berlin, Moscow and Siberia. Marine is currently partner, auditor commercial clients, with KPMG in Munich, Germany.

Here is his story, in his own words:

After graduating, I worked in Germany from 1992 to 1994, primarily in Munich and for a short time in Berlin. While in Berlin, I was sent to work on a project to audit a large oil and gas entity in Russia. After working several months in both Moscow and Siberia, KPMG Moscow offered me position as an audit senior manager. I worked in the audit department of KPMG Moscow for approximately three years, serving clients primarily in the energy business. I often traveled to western Siberia and the Arctic Circle regions of Russia to visit client operational sites.

From 1997 to 1999, I returned to the U.S. where I worked in the KPMG’s Houston office. In 1999, I was called upon to assist in the U.S. listing of a German electronic component manufacturer based in Munich. While working on that project, KPMG Germany asked that I return for a period of 18 to 24 months to work on the U.S. GAAP conversion of a very large German company that also was seeking to obtain a U.S. listing. I accepted the offer and returned to Munich in January 2000 for a “short” rotation on this very interesting, perhaps once-in-a-lifetime, project.

As it turns out, I am still in Germany today. I would not yet say this is my last port of call, especially with the newly formed KPMG Europe, the first cross-border professional accountancy firm in Europe. KPMG Europe’s founding members are composed of the partners of KPMG’s German, United Kingdom and Swiss partnerships. So, once again, I find myself in a situation where I am “getting in on the ground floor.”

My education at McCombs clearly gave me a significant head start as compared to graduates of other universities at the time I began my career. It provided me the opportunity to stand out, which in turn led to me being duly considered for my international assignment which, even today, is a privilege at most companies rather than a right or expectation. 

Hire McCombs Alumni through the McCombs Job Board
Search for a job or promote employment opportunities to both current students and alumni of the McCombs School of Business.
 

Both the Alumni Directory and the McCombs Job Board are accessible through your UT EID (University of Texas Electronic Identification). Click here for more information on finding your UT EID, or contact the Registrar's office at 512-475-7656.

If you have any questions, please email us and refer to “Alumni Directory” or “McCombs Job Board” in the subject and content of your message.

 
 
 

 

 

 


Faculty Members Gain Promotions
Gu Wins Award for Paper on E-Commerce
Ethical Decision Making
Market Research on the Cheap

  Upcoming Event
Women in Business Leadership Conference February 8, 2008 Read more...

Top Stories
Thin Orange Line

Faculty Members Gain Promotions
Five McCombs faculty members have received promotions effective Sept. 1, 2008. They are Steve Gilbert (IROM), promoted to the rank of professor; Lorenzo Garlappi (Finance) and Hüseyin Tanriverdi (IROM), promoted to the rank of associate professor; and Doug Dierking (Management) and Christopher Meakin (IROM), promoted to the rank of senior lecturer.

Gu Wins Award for Paper on E-Commerce
Gu
A paper co-authored by Bin Gu, IROM assistant professor, was named Best Paper in Track at the 2007 International Conference on Information Systems held in Montreal. The paper, “Estimating Menu Costs in Electronic Markets,” examines the costs online retailers incur when they make price changes. Gu said that common wisdom suggests that IT advances allow online retailers to change prices quickly with less cost. In the paper, however, Gu measured the price adjustment costs of a major online retailer and found the company actually incurred significantly higher costs for each price change. But the price change costs were spread across a larger quantity of products, reducing price adjustment costs per product. In sum, Gu found, scale economies rather than IT enables online retailers to change prices more often. Read the paper.

Texas Executive Education Offers Accounting & Finance for Non-Financial Managers
Refresh your knowledge or learn the basics of accounting assumptions, accounting and financial terminology, and financial techniques, in Accounting & Finance for Non-Financial Managers, February 19-20, 2008. Faculty: Eric Hirst, Ph.D., Sanford J. Leeds, Esq., CFA, James A. Nolen, MBA. This program teaches you how concepts and strategies are integrated into your company’s big picture. You will learn the language of business and begin to understand the reality behind the numbers. Different types of information systems will be examined: control-based accounting structures for managing physical resources; and information-based accounting structures for planning, evaluating, and decision-making. You will learn how to address and communicate problems more effectively, how to identify relevant information, and how to apply the analytical skills needed to make better business decisions and take maximum advantage of business opportunities.

Texas Mag Texas Magazine for Fall/Winter 2007 Now Online
If you haven't yet picked up the latest issue of Texas magazine at stands around the business school, it is now available for online perusal. Top stories include: “Leading in the 21st Century,” in which Dean George Gau provides a four-year progress report on our goal  to become the best public business school in the nation; “Excellence Across the Board,” an in-depth story on how faculty manage the difficult task of balancing classroom excellence while preparing top-level research; “The Rankings Race,” a look at the current state of affairs in the never-ending cycle of the rankings industry; a feature on Accounting Professor Bill Kinney, one of the leading auditing experts and researchers working today;  and Julie Irwin (left), associate professor of marketing and the new director of ethics education at McCombs, writes about her motivations in the “Why I Do What I Do” feature. Plus, much, much more! Read more.


McCombs In The News
Thin Orange Line

Ethical Decision Making
The Chicago Tribune, Dec. 25, 2007
Prentice
A recent paper by Robert Prentice, professor of business law in the IROM Department, applies recent findings from neurology and psychology to how investors and their advisers make moral decisions. “Investment professionals whose ethics go astray frequently believe they hold solid moral values but succumb to the questionable culture of their organizations,”  Prentice writes. “The urge to obey authority and conform to the group is deeply embedded in the human brain.”  Another issue, Prentice contends, is that “people in the investment game who espouse simple-minded economic theory often assume a level ethical playing field in transactions with customers. Buyers and sellers are equally canny and unscrupulous. So, what can be wrong? Everybody does it.”  Read more.

Market Research on the Cheap
BusinessWeek, Jan. 9, 2008
Adams
Large corporations spend millions on sophisticated surveys and focus groups from established researchers. But for entrepreneurs operating on a shoestring budget, there are ways to gather key information about your customers and prospects without hiring an outside firm. Rob Adams, McCombs management lecturer, director of the Moot Corp competition and author of “A Good Hard Kick in the Ass: Basic Training for Entrepreneurs,”  provides one key tip: Research the same way you sell. “If you sell in person, survey in person. If you sell over the phone, survey over the phone,”  Adams said. And for entrepreneurs who plan to sell primarily online, a Web survey can gauge interest. “If you get no results, that should tell you something,” he added. Read more.

Brandl Gives Tips on Paying Off Holiday Debt
KXAN, Jan. 17, 2008
Michael Brandl
, senior finance lecturer, doles out some practical Brandladvice to television viewers who may have overspent during the holidays and who are now facing hefty credit card bills arriving in the mail. “It can often take years for people to pay off one Christmas,”  Brandl said. “The best thing you can do is pay as much as you possibly can, and that’s going to require sacrifice.” Watch the story.


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