Newswire:
DESB Professional MBA Program among Top 50 in the Nation
 The David Eccles School of Business (DESB) Professional MBA program has been named one of the nation’s best by “BusinessWeek” magazine. The DESB Professional MBA ranks 50 in the nation overall, making the program the only “BusinessWeek” ranked part-time MBA program in Utah. One of the greatest strengths of the Professional MBA program is the success of its students, indicated by the 25 percent increase in the average salary of graduates. (read more)
U Professor Honored for Her Research in Product Innovation
 It was announced at the 2009 Product Development and Management Association (PDMA) International Conference, Abbie Griffin, a presidential chair in marketing at the David Eccles School of Business was awarded the Crawford Fellow for her research contributions in the area of product innovation management. (read more)
U administrator appointed to Executive MBA Council
 Brad Vierig, assistant dean of Executive Education for the David Eccles School of Business was recently appointed as chair of the Executive MBA Council, a group dedicated to advancing the education of executives around the world. More specifically, the group serves as a mediator for collaboration among Executive MBA programs from around the world. (read more)
U EMBA Surges Ahead in Global Rankings
 For the fifth year in a row, the Financial Times has ranked the David Eccles School of Business (DESB) Executive MBA program among the top programs in the world. According to the report, being published in the Oct. 19issue, the Utah's Executive MBA program was ranked 30 in the United States and 77 in the world. Faculty research output was ranked 20 in the U.S. (read more)
DESB recognized as a top family friendly Business School
 For the third consecutive year the David Eccles School of Business at the University of Utah is ranked in the Princeton Review’s issue of “Best Business Schools”. From a pool of 301 schools, Princeton Review ranks the U as the third “Most Family Friendly” business school in the country. (read more)
Gangplank Utah’ Creates Gathering Place for Individuals, Ideas and Innovation‘
 A group of Utahns has organized an independent, statewide idea and technology environment open to everyone who wants to expand their circle of relationships and knowledge by collaborating, creating and innovating. Based on the successful Gangplank organization started in Phoenix, Ariz. in 2008, Gangplank Utah (gangplankut.org) brings together individuals, micro-business owners, industry veterans, university students and others in an informal setting to share ideas in an open, collaborative community. (read more)
U Alum holds onto Utah ties while pursuing global success
 David Dredge, an alum of the University of Utah, recently made world news being named Managing Director for Portfolio Management at Artradis Fund Management, Singapore’s largest hedge fund manager. Having actively participated in the development of Singapore’s financial market, it is no wonder that David has led Royal Bank of Scotland, Bank of America and now Artradis in one of the world’s prime emerging financial markets. (read more)
What Does the Future Hold for Utah’s Oil and Gas Industry?
 A team of researchers from the Bureau of Economic and Business Research (BEBR) at the David Eccles School of Business has analyzed data from Utah’s oil and gas industry and performed economic models projecting industry outcomes from 2009 to 2038.
Nighttime Stock Market Returns Exceeded Daytime Returns
 A new University of Utah study offers some surprising advice to crack-of-dawn stock traders: Try sleeping in instead. Mike Cooper, a professor at the university’s David Eccles School of Business, says his examination of stock market returns from 1993 to 2006 yielded the finding that nighttime returns from those years were higher those made during the day. (read more
Defendant’s Apology Can Sway Jury Verdict
 Sorry can sometimes be the hardest word, but a new study has found one situation in which an apology can pay off. Martha Eining, an accounting professor in the University of Utah’s David Eccles School of Business, is one of three co-authors of the study, which examines the effects that an apology can have on the outcome of jury cases involving corporate auditors who are sued for negligence. (read more)
University of Utah grad has ambitious plans as new CEO of P&G
 New Procter & Gamble Co. chief Bob McDonald, who earned his MBA at the University of Utah in 1978, sees a brighter future for the 172-year-old company through selling more diapers, detergent and shampoo in places like India and Africa. With ambitious plans to double sales and streamline the world's largest consumer products company, whose sales and earnings growth have slowed during the recession (read more)
U accounting students have their day in court
 What is being deemed as “the grand finale” to the forensic accounting course is a mock trial that puts students in a role as expert witness in a federal court case, a position often assumed by professional forensic accountants. The mock trial brings students together with professionals, as students are called to the witness stand by real lawyers, in a real Federal Courthouse, that is presided over by an actual Federal Judge. (read more)
David Eccles School of Business welcomes new Dean
 Taylor Randall, Associate Dean of Academic Affairs at the David Eccles School of Business, will replace Jack Brittain as the Dean of the David Eccles School of Business on July 1, 2009. While Randall will not formally become Dean until July, he will be in the leadership role immediately with Brittain's support as he makes the transition. (read more)
Timing of earnings announcements not intended to dupe investors
 It’s been long established that firms tend to announce bad news after the market closes or at the end of the week. But according to a study recently published in The Accounting Review, the reasons behind the timing of those announcements aren’t as devious as previously assumed. Rather than trying to hide unflattering news by releasing it at a time when investors and the media might not be paying attention, U of U researcher Matthew Magilke says firm managers have several valid possible reasons for waiting (read more)
Student Investment Fund finds a bright spot
 The Student Investment Fund at the David Eccles School of Business found a bright spot in the slow stock market. In the Investment Fund’s most recent meeting students recommended the purchase of stock in Intuitive Surgical, maker of the da Vinci Surgical System, to a group of professionals in the finance industry. (read more)
In the News:
University of Utah plans master's in real estate
University of Utah will soon begin offering a master's degree in real estate development. The state Board of Regents approved the change on Friday. The approval of the real estate development program will allow the school to begin marketing the degree and enrolling students. - The Hawk Eye
BYU and U. business, law schools among best
A 2-year-old might be out of place in most college business schools, but not those in Utah. Young Nathan Nolte sat quietly on the back row of his father's MBA class, though his presence didn't go unnoticed by University of Utah David Eccles School of Business professors and students who couldn't avoid the blond toddler. - Deseret News
Underfunded schools reach their breaking point
If Utahns want to improve public schools, they should start by funding them. That's hardly a novel message coming from the teachers' union, but data unveiled Thursday at the annual Utah Education Association convention suggest public schools have reached a breaking point. As one teacher put it: "The old model of 'stack 'em deep, educate 'em cheap' no longer works." - Salt Lake Tribune
Latin dance raises funds for HBSA
The Hispanic Business Student Association swept the public off its feet with the debut of Bailamos, a Latin dance fundraiser, Saturday from 9 p.m. to 1 a.m. in the Union Ballroom. - Utah Chronicle
University of Utah boasts 23 new companies over past year
Among the 23 new businesses created at the University of Utah in the past year are several that boast products and devices that could be life-saving. Others produce clean energy and aim to solve complex issues, from animation and imaging to restricting texting while driving. - Deseret News
Construction of NSA data center will bring boost to Utah economy
The National Security Agency has chosen Utah, more specifically Camp Williams, as the place to build a new data center. Apparently, it's been in the works for years. President Barack Obama has now signed a bill in which Congress agrees to pay several million dollars toward the center.
Former U students changing the way people see clothing as their organic clothing line takes off
Brittany Olsen and Havilah Mills are counting on their new clothing line to reshape the way consumers think about their health and the planet, one T-shirt at a time. The two twentysomethings are owners of The Green Element, which sells tanks, T-shirts, hoodies, hats and a women's underwear line called Eco-Booty -- all made with organic cotton and water-based inks. - Salt Lake Tribune
Eccles Business School dean named
A third-generation David Eccles School of Business professor has been named the school's dean.Taylor Randall, who has worked as an accounting professor at the University of Utah for the past 10 years officially took over the position last week. - Deseret News
Utah recovery months away, consultant says
Housing contractions last about five years, typically. We're into the fourth, but this one brought more foreclosures than in the past. And the job market is the worst it has been, he said. To that can be added a global credit crisis, which hasn't been seen since the 1930s. - Deseret News
U alum see fliers waiting to claim bags as captive audience
"They're a captive audience, waiting 15 minutes or so for bags to arrive," says Zack Clark of DoubleTake Marketing, which designs and installs ads. "It brings some color and revenue to the airport." The ads are large adhesive banners placed on the moving portion of the baggage carousel. For carousels that have a series of metal plates that collapse on each other, DoubleTake applies an adhesive graphic to each plate to compose one large banner. Ads range from 20 feet wide to an entire belt. - USA Today
We see products grouped close together as being ‘contagious’
Volunteers who were told that three of the bottles had defective lids were the most likely to choose from the spaced apart group, and the volunteers who thought that three of the bottles contained gift coupons were the most likely to choose from the closely spaced group. Based on their observations, the researchers came to the conclusion that people tend to view products that are grouped close together as being “contagious”.
U alum named named GM of Miller Motorsports Park
John Larson has been appointed to Senior Vice President and General Manager of Miller Motorsports Park. In this role he will oversee the day-to-day operations of the track and take responsibility for the future success of the venue. Prior to this position, Larson was Vice President of Finance for the Larry H. Miller Sports & Entertainment division.
Why Utah Loves the Sundance Film Festival
The Sundance Film Festival spread a lot of money around the snowy slopes of Utah earlier this year — $92.1 million, to be almost exact, according to a study by a group at the business school at the University of Utah. - New York Times
Business school to see new real estate degree
he degree offers a wide variety in real-estate training and development and is the only program of its kind in the state, Randall said. There will also be a center to help the program's students. Community members Ivory and Boyer have donated money to help deepen the program and the center, Welch said. The program will begin Fall Semester - Utah Chronicle
Business as usual on executive pay?
The academics from the University of Utah point out that higher pay is seen as proof of higher ability. "Everyone knows that in well-functioning labour markets, better performers earn higher salaries," Mr Schaefer says. If a company pays the chief executive a comparatively low salary, analysts might conclude that he is not up the mark and will downgrade the stock. - Financial Times
Study: Most companies don't try to time bad news
It is one of those long-established notions that many stock market investors just assume is true. It goes like this. Whenever a corporation has bad news for its shareholders, it usually will wait to make the announcement until after the stock market closes for the day - Salt Lake Tribune
Looking for a team? The Rockies want you
Monfort, a Colorado native who graduated from the University of Utah in 1982 with a degree in marketing and business management, has been in the Rockies' front office since their inception in the early 1990s and recently donated $1 million to the U. athletic department. - Deseret News
U business alum brings Colorado Rockies to Utah
As a student at the University of Utah's David Eccles School of Business, Colorado native Charles Monfort was struck by how many Denver Broncos' fans he met in Salt Lake City. Monfort has kept that in mind since becoming chairman and CEO of the Colorado Rockies baseball team in 2003, 11 years after graduating from the U. of U. with a bachelor's degree in marketing and business management. - Salt Lake Tribune
Early indicators show housing stimulus is a homerun
Jim Wood, director of the University of Utah Bureau of Economic and Business Research, projects that nearly 9,000 jobs will be created by the 1,600 Home Run grants. He projects some $182 million in construction earnings and $324 million in total earnings.
U alum, George Strike sees business expand to Utah
Despite the recession, Martinizing has maintained good growth in part because the company's target demographic is middle - to upper-middle income households in affluent neighborhoods, said Strike, a Salt Lake City native, who has a business administration degree from the University of Utah.
Utah Poised for Explosive Population Growth
Professor of Finance with the Eccles School of Business says he expects Utah's population growth to outpace the national average over the next 30 years - Video Utah Pulse
U. business team wins big at national competition
"The U. students dominated 30 other teams of graduate students from 24 colleges and universities over a three-day period at the Carnegie Mellon McGinnis Venture Competition in Pittsburgh." - Deseret News
Princeton Review ranks business department in top 15
"'People go to The Princeton Review to look at where they want to go to school, so it’s good for us to be featured and get that visibility,” said Jack Brittain, dean of the U David Eccles School of Business. “We’re proud of it and the recognition it gets for the school.'" - Daily Utah Chronicle
Salt Lake institute honors U. professor
"Some teachers have a natural gift to communicate with their students. These teachers help to shape the lives of their young students and often make an impression upon them they will never forget. Such is the case for information systems professor Randall Boyle, according to University of Utah students." - Deseret News
Chambers of Commerce: Do they deserve taxpayer money?
"Jack Brittain, dean of the University of Utah's business school, says government's interest in promoting economic development and bolstering small business can work in tandem with chambers of commerce. But he suggests a clear delineation of duties and transparency about how taxpayer funds are spent." - Salt Lake Tribune
Big pay for CEOs can be mere window dressing
"Most people are either scratching their heads in wonder or outrage this week at the $165 million in bonuses AIG is handing to the very executives who turned the world's mightiest insurer into a ward of the state. How has executive pay become so exorbitant and disconnected from individual competence and firm performance?" - Salt Lake Tribune
Business ethics down the drain? Some say AIG bonus fiasco proves it
"'What we need to learn from this is that managers need to be not just clever. That is to say, they don't just need technical skills, but they need to be wise. They have to have good judgment,' said Harris Sondak, professor of management at the David Eccles School of Business." - KSL TV
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