Strictly Business Spring 2011

spring 2011

BusinessU n i v e r s i t y o f t h e P a c i f i c e b e r h a r d t s c h o o l o f b U s i n e s s

Core CompetencyOur People

Accounting EducationCalifornia Adopts the 150-Hour Rule

MBA Global CompetitionBusiness Class Goes to London

Classroom to Boardroom Entrepreneurs Showcase

Strictly Business Reader Survey

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April 9Profile Day

May 6eberhardt senior Honors Banquet

May 79 AM university Commencement 1 PM eberhardt Diploma and Hooding Ceremony

June 10-12Pacific Alumni Weekend

August 29Classes Begin

September 22Meet the Firms

OctoberParent/Family WeekendJapanese/italian Festivalsafe Halloween

NovemberAlumni Career Profile Day

December 9Classes end

Decemberentrepreneurs showcaseFestival of Lights

2011

Calendar of Events

24148

23

6The Eberhardt Difference

4 | From the Dean

5 | The Dial-ogue

5 | Donor Details

6 | Core Competency

8 | Lessons in Shark Wrangling

9 | Advisory Board

Academics

10 | Student Investment Fund

11 | Challenges in Accounting Education

12 | From Classroom to Boardroom

13 | Admission Update

14 | MBA Global Business Competition

15 | VITA Volunteers

Faculty and Staff

16 | Staff Spotlight

17 | Faculty Focus

18 | Faculty Happenings

Centers and Institutes

19 | Institute for Family Business

20 | Business Forecasting Center

22 | Executive Education

Career Management

23 | Alumni Career Profile Day

24 | Stories from the Street

26 | Meet the Firms

Photographer Randall Gee ENGR ’10

DeanDesigner

Lewis R. GaleMyrna E. Vick

E-mailVoiceFax

[email protected]

Strictly Business is published by theUniversity of the PacificEberhardt School of Business3601 Pacific AvenueStockton, California 95211

Contributors Shaheen Ayaz BUS ’10Breanne Beseda BUS ’00, MBA ’01Janet Dial EDU ’89, Ed.D. ’10Cynthia F. EakinPeter Johnson MBA ’94Chris Lozano COP ’89, MBA ’01Melissa McGhee BUS ’09, MBA ’10Jeffrey MichaelMargaret RobertsDick VargoDaniel Wadhwani

4 Strictly Business Spring 2011

The Eberhardt Difference

Lewis r. gale, ph.D. Dean

209.946.7710

[email protected]

From the

Spring UpdatesDeanGreetings!When presented with the opportunity to become the next dean of the eberhardt

school of Business and return to my native san Joaquin Valley, i could hardly contain my enthusiasm. Both the university of the Pacific and the eberhardt school have been long recognized for delivering premier, student-centered educational experiences. The eberhardt school’s inclusion in the 2011 Princeton Review’s Best 300 Business Schools is evidence of our continued success. i am honored to join this exceptional institution and i look forward to working with our many stakeholders.

During the previous year, Dean Rich Flaherty guided the faculty and staff through a planning process which generated a comprehensive strategic plan for the eberhardt school. Many hours were dedicated to this effort and the result was a solid plan consistent with our mission and shared values. The organizational moves we make in the future will work to elevate the standing of our AACsB-accredited business school and differentiate us relative to our peers. As we proceed to further refine, shape, and implement our plan, we have chosen this issue to focus on one of the five areas of competence recognized in the eberhardt school: Our People.

Whether we are discussing our students, our faculty and staff, or our alumni, there is little doubt that these are the individuals who distinguish the eberhardt school experience. As you turn the following pages, you will quickly discover the rich diversity and unique backgrounds of our students, the qualified faculty and staff who challenge and mentor future leaders in organizations and communities, and the vast alumni who continually make us proud of their accomplishments and are forever a part of the Pacific family. The intellectual capacity affiliated with the eberhardt school through the years is why our people are truly our greatest asset.

As we prepared this issue, we found it necessary to learn more from our readers and their opinions on Strictly Business. We would like your feedback regarding the content you’ve read in the past and what you would like to see us write about in future issues. We’ve developed a brief, low-cost manner for you to share your opinions through an online survey. Please type the following uRL (http://www.surveymonkey.com/s/StrictlyBusiness) in your web browser to begin the survey. You may also complete the survey directly through our website. i thank you for your time in assisting us with improving our product and ensuring its relevancy to you.

i hope you enjoy reading this issue of Strictly Business to learn more about the people who make the eberhardt school a special place to learn and grow.

sincerely,

Lewis R. Gale, Dean

http://www.surveymonkey.com/s/StrictlyBusiness

Eberhardt School of Business 5

Janet s. Dial EDU ’89, Ed.D. ’10

Director of External Relations

209.946.2998

[email protected]

The

Alumni ActivitiesDial-ogueWithin the first three weeks as Dean of

the eberhardt school of Business, Dr. Lewis Gale was already circulating his message of “unprecedented engagement of alumni and stakeholders” around Weber Hall. Fundraising is one of our top priorities in the business school, and the most pressing need is our Dean’s innovation Fund. This fund enables the Dean to put dollars where they are most needed and to encourage new initiatives that will keep Pacific’s eberhardt school of Business in the top tier of business schools in the country.

students and faculty are excited about Dean Gale’s arrival and the energy and enthusiasm

he brings with him. Your support ensures this outstanding academic prowess continues. Many of our alumni have been loyal donors to Pacific, and we are grateful for your support. This spring you will receive an invitation to give to the eberhardt school, and we hope you will respond. Dean Gale is hopeful that 15% of our alumni will make a gift and your gift WiLL make a difference.

We are also planning several networking receptions with alumni in regional areas. Please check the website for the details of these events which will be held in cities throughout California this spring.

Walter Chang Bus ’82, is a graduate of the eberhardt school of Business, and has been a loyal donor to the eberhardt school and Pacific. Walter retired from the Westlake Group several years ago, which has enabled him to give even more of his time and energy to the campus. He has been a regular at campus events and this year Walter visited campus in a different capacity as his daughter, sharlene, is a senior at notre Dame high school in Belmont and has applied to Pacific. Over the years, Walter has included Pacific in his philanthropic endeavors by supporting a number of programs that are important to him such as the Pacific Fund, Omega Phi Alpha/Delta upsilon, the Alumni House, the Men’s Golf team, the Crew Club, and several other initiatives.

in 2003 Walter established the Mr. and Mrs. T.M. Chang and Family endowment with his generous gift. When alumni donors honor important people in their lives with an endowment, the honoree’s legacy lives on as the gift grows over time. The minimum investment of $25,000 in an endowment allows the university to continue to provide outstanding educational opportunities for future generations, and Walter knows just that! With his oldest son a sophomore at the u.s. naval Academy and his daughter conducting a college search that includes his alma mater, Walter is well aware of the importance of investing in his university.

Over the years, Walter receives annual reports about the value of the endowment and can watch his dollars impact the lives of young people. We thank Walter for his generosity and philanthropic spirit. if you would like information about how you can establish an endowment at the university of the Pacific and the eberhardt school of Business, please contact Janet Dial at [email protected] or 209.946.2998 and you will see just how your gift will impact our current students.

Donor

DetailsPacific Alumni Weekend June 10-12, 2011

Walter Chang BUS ’82, Sharlene, 17, Darren, 14, Christopher, 19 and Ling Ling



Eberhardt School Core

Our PeopleCompetency

Jennifer Gee

Thomas Berolzheimer

Yasmin Lee

experience as operations manager with the eberhardt school’s student investment Fund as having a significant impact on earning her this internal promotion.

studying business with a concentration in human resources is no easy task but Maria Meza has taken her challenge to a new level. When the senior graduates in spring 2011 from the eberhardt school, she will also earn a bachelor of arts in spanish language and literature from the College of the Pacific. Maria has utilized her fluency in spanish in her part-time positions as a bank teller, an in-home tutor for elementary students, and a work study student in Pacific’s MesA program – all while attending Pacific. Maria also studied abroad during the spring 2010 semester at the universidad de sevilla in seville, spain. This Beta Gamma sigma member is finalizing her career objectives for full-time opportunities in human resources management.

When Yasmin Lee transferred to Pacific’s eberhardt school in 2009, she had already developed her interest in accounting with a 10-year career as a bookkeeper by the mid-1990s. Before that, she worked for several years as a field engineering technician for an oil refinery in Dubai. After homeschooling her two children from 1995 through 2006 (both graduated early with honors), she sought to finish her own education. Yasmin graduated in December 2010 from the eberhardt school with a concentration in accounting, an overall GPA of 4.0, and a fluency in four languages. in January 2011, she secured her first professional accounting position as a staff accountant with America’s #1 firelog manufacturer, stockton-based Duraflame, inc.

Working as a material manager in the Air national Guard, Samuel David Robertson was an integral part of the inspection and evaluation of inventory management in san Jose, California. Despite the significant challenges of this position, samuel graduated in December 2010 from the eberhardt school with a bachelor of science in business with concentrations in finance and accounting and a minor in mathematics. The Regent’s scholarship Recipient was also an active tutor

Lori Guerrero

Maria Meza

Among “Our People” with the greatest potential for impact in the future are our students. We would like to highlight some of the various backgrounds and experiences of our vast pool of student talent. The eberhardt school is tremendously proud of our students and what they have accomplished during the 2010-2011 academic year.

An accomplished scholar-athlete with the Pacific Men’s Baseball team senior Thomas Berolzheimer will earn his bachelor of science degree in business with a concentration in entrepreneurship in spring 2011. From a family of entrepreneurs, Thomas has been venturing into his own interests and opportunities including examining the home brew process and how to improve efficiencies in production. Having been recently admitted into the eberhardt school’s MBA program, Thomas will continue to refine his entrepreneurial acumen while at the same time completing his final year of baseball eligibility as a starting pitcher with the Pacific Tigers in 2012.

senior Jennifer Gee has found time to complete her bachelor of science degree in business with a concentration in marketing while at the same time working as a member services clerk with a local health club. Her avid interest in athletics explains why she is a lead member of Pacific’s Club Volleyball team. Jennifer is also an instructor with impact Volleyball Club for girls ages 10 through 18. in January 2011, she began a marketing internship with advertising firm Vertis Communications in their sacramento office.

After completing an associate of arts degree at san Joaquin Delta College more than 30 years ago, senior Lori Guerrero will finish strong in spring 2011 earning her bachelor of science degree in business with a concentration in finance. This accomplishment will be achieved while Lori held a full time position in Pacific’s Division of Business and Finance as student Accounts Office Lead. Always striving to learn, this Beta Gamma sigma member was recently promoted within the division to treasury analyst supporting the university’s investment management activities. Lori credits her student


Our PeopleCompetency

Anthony YoungJenifer WidjajaSamuel David Robertson

assisting students with college-level coursework in economics, finance, accounting, calculus and statistics. samuel, fluent in spanish, is a national MeCHA member and is currently working in san Diego, California.

Triple concentrations in accounting, finance, and international business clearly fit with the aspirational goals of senior eberhardt student FeiFei Tang. As financial sector analyst for the eberhardt school’s student investment Fund, FeiFei recommended equity positions in the $1.7+ million to the fund’s management team. An internship with scottrade inc. in stockton and a position as webmaster for the university’s newspaper, The Pacifican, enabled FeiFei to expand upon his leadership skills as an officer each for Beta Alpha Psi and Delta sigma Pi. not satisfied with all of these commitments, in January 2011 FeiFei began interning with local CPA firm Bowman & Company, LLP for the tax season. Fluent in Mandarin, FeiFei begins his professional career as a staff accountant with global accounting giant Deloitte LLP in their san Jose location and working toward his CPA certification.

As the 2010 Big West Conference Player of the Year, senior eberhardt school international scholar-athlete Jenifer Widjaja has continued to compete in the no. 1 position for the women’s tennis team. The tri-lingual native of sao Roque, Brazil will graduate in spring 2011 with a bachelor of science in business

with a concentration in finance and a bachelor of science in applied economics. During the past two seasons, Jenifer has earned numerous awards and been recognized for many of her accomplishments while managing investment recommendations in the industrial sector of the eberhardt school’s student investment Fund.

Most recently, she was recognized for her academic and athletic accomplishments at the 2011 Big West Conference scholar Athlete Banquet in Anaheim, California.

Junior eberhardt school student, Anthony Young, is working on concentrations in both international business and marketing. Having aspirations of a position in either city planning or not-for-profit management, Anthony epitomizes the best in highly-engaged “Tiger spirit” at Pacific. He serves as a resident assistant, enrollment intern, disability service provider, and student advisor at the university. Active in the Black student union, Anthony has earned multiple scholarships to support his quest for unique experiential learning through the Pacific

Fund. in spring 2011, he attended the unilever Diversity Leadership Conference which is a one and a half day intensive and highly interactive conference designed for undergraduate students who have held leadership positions in diverse student organizations on campus or within their community.

FeiFei Tang

“People always say that Disney is where the impossible happens; actually it’s at University of the Pacific.” Anthony Young BUS ’12



When i say “shark wrangling” what comes to mind? Herding up a group of sharks to take a closer look for research, study or enjoyment? Perhaps, but as it turns out, it is a feeding process that is critical to a business that has provided opportunity, preservation and enjoyment for many individuals over the last 25 years. in september we learned about this business and its effect on the west Fijian economy from 1972 BsBA and Pacific alumnus Les Fields.

The scuba diving business started in 1985 by Fields and a group of investors has grown into much more than simply a company that provides services related to the needs of scuba divers, researchers, marine biologists and film crews. According to their website the business, Aquatrek develops customized vacations in Fiji while at the same time providing a model for conservation and sustainable tourism that can be applied around the world.

As the business evolved, the company had to be concerned with the merging of business practices and sustaining the circle of life for the sharks, marine life and the entire Fijian ecosystem. Critical to the business and their larger mission was a respect for the people and maintenance of their culture. By mainly employing and training the locals and learning about the culture and customs of the Fijian people, a mutual respect was developed which made the frequent government coups manageable -- coups mainly related to ethnic and religious tensions between the indigenous Fijian and indian Fijian groups. Fields’ approach was “whoever had the guns were my friends.”

This mutual respect also aided in providing a reminder that Aquatrek must be sure to develop and maintain the land and ecosystem for the benefit of a growing tourist economy. This development was strengthened by having a solid group of investors who believed in the company and

in the importance of the continued development of this ecotourism pioneer. One major barrier that had to be overcome was overfishing of the reefs for sharks and other marine life. since village clans typically own the rights to the reefs, cooperative agreements with the villages had to be made so shark dive areas and eventually marine reserve areas could be established.

These agreements involve divers from Aquatrek and other attending operators paying a levy to the villages for their enforcement of the “no fishing” rules. This income allows for village education programs and community improvements. Moreover, it provides them the ability to choose their destiny and preserve their cultural values instead of migrating elsewhere for jobs. This symbiotic relationship is a critical piece to maintaining the circle of life for the business, the culture and the ecosystem.

Fields shared with the audience (which was largely made up of students) that what they learn in business school can provide an important foundation for their success in business. some of the key courses and concepts he highlighted included: government and politics, accounting and finance, marketing and sales, team leadership, legal structures (particularly asset protection), business plan development, staffing and HR management, taxation, and

infrastructure and control. Fields admitted, “i wished i had paid a little closer attention to this information in college, but i was more focused on graduating and exploring the world to find the best surfing and diving spots around the globe.”

Happily, he found it in Fiji where he created a successful business and established a firm foundation for sustainability and ecotourism in the process.

Les Fields BUS ‘72

www.aquatrek.com

By Chris Lozano

Lessons in Shark

with Alumnus Les FieldsWrangling

Eberhardt MBA Students


with Alumnus Les Fields

Eberhardt

Advisory Board Updates

Eberhardt School Welcomes Tom Cortopassi to Advisory Board

in spring 2011, the eberhardt school Advisory Board welcomed new member Mr. Tom Cortopassi, president and co-owner of stanislaus Food Products in Modesto, California. Tom has been with stanislaus Food Products for more than 20 years in various roles and positions. Founded in 1942, stanislaus Foods is the recognized quality leader in California’s tomato processing industry and specializes in fresh packing italian-style tomato products sold to the restaurant trade throughout the united states and Canada.

Tom has served in leadership capacities on the board of directors of the California League of Food Processors, the steering committee of the California Agribusiness seminar, and the leadership committee of his local northern California YPO Chapter. He received a bachelor of science degree in finance from santa Clara university, and currently lives in stockton, with his wife and three sons. We are proud to have Tom as part of the eberhardt school Advisory Board.

Eberhardt School Mourns Loss of Randy Schaber

eberhardt school Advisory Board member, Mr. Randy schaber passed away on January 16, 2011, in sacramento. Regional land developer and entrepreneur, Randy graduated from the

eberhardt school with a bachelor of science in business administration in 1983.

not only was Mr. schaber an active advisory board member for the eberhardt school, he was also an active board member for the sacramento Food Bank, Metro Chamber of Commerce, somers Building Maintenance, inc., Crocker Art Museum and Harry s. Truman Club. Randy was nephew to former Pacific-McGeorge school of Law Dean, Gordon schaber. Randy’s engagement with the eberhardt school was significant and he had a special love for his alma mater.

Tom Cortopassi President & Co-Owner

Stanislaus Food Products

ADVISORY BOARD

Rick Aschieris Port Director

stockton Port District

Kurt Blakely ’80 Owner

Financial services

Gary Christopherson Partner

Kroloff, Belcher, smart, Perry & Christopherson

Tom Cortopassi Co-Owner, President

stanislaus Food Products

Dell Demps ’92 General Manager

new Orleans Hornets

John Hackworth CeO

Health Plan of san Joaquin

Barry Harper ’66 CeO/President

Harper Brush Works

Wayne Jarrett ’95 Outsourcing service Manager

Accenture

Joe Johnson Lecturer/Consultant

Kimun Lee ’68 President

Resources Consolidated

Bob Matthews ’94 Publisher

Tracy Press

Lisa Mortenson Co-Founder and CeO

Community Fuels

Dan Nutley ’72 Partner

Moss Adams, LLP

Ed Padovan ’74 united Parcel service, Retired

Rick Paulsen ’82 President

Richard P. Paulsen & Associates

Tom Shaffer executive Vice President

Bank of stockton

Milo Shelly Vice President, Retired e. & J. Gallo Winery

Larry Watts ’79 Vice President/Portfolio Manager/

Financial Advisor Morgan stanley smith Barney

Steve Werner ’77 Broker/Owner

Werner Properties


Academics

The student investment Fund (siF) was established in 2007 when the Bank of stockton and its president and CeO, Douglass M. eberhardt, donated $1 million to the eberhardt school of Business. since its inception in 2007, the fund has grown by an astounding 12.3%, outperforming both the Russell Midcap index benchmark and the s&P 500.

The class itself is student-run and is led by six officers: a chief investment officer, chief administrator, portfolio manager, operations manager, chief accountant, and a chief economist. All students are assigned to a different sector of the economy and are responsible for producing in-depth reports for their sector assignments. Decisions regarding investments are made democratically with a 75% majority required to move ahead with the purchase and/or sale. Finally, students in the siF are responsible for presenting the results of the fund each semester to groups including the board of regents of the fund.

This semester, the siF added a new, extremely valuable member to the team: Dr. Phil Zhu. Dr. Zhu is a CFA charter holder and finance professor at the eberhardt school, and he has brought a wealth of knowledge about the investment industry and a fresh, new perspective to the class. under Dr. Zhu’s guidance, the siF has participated in many outside events that have greatly expanded student knowledge of

the industry as well as created great networking opportunities. in October, students traveled to the Pacific exchange in san Francisco, headquarters of nYse Arca, to learn about options trading and the opportunities available in that field. students then met with the FAMe (Financial Analysis and Management education) group at san Francisco state university to share the details of our fund with them as they are looking to create one of their own. in turn, Chhean Chhor, chief investment officer of the siF, was invited to be a member of the student panel at the FAMe conference held in november at sFsu.

The siF has also hosted a number of guest speakers throughout the semester. Most recently, Candace Ronan, CFA and president of the CFA society of sacramento, sat down with the siF to share her knowledge of the investment industry and answer any and all questions students posed. Other guest speakers have included David Burkart, a commodities trader in san Francisco, and Bloomberg representative Matthew MacDonald, who introduced students to one of the most widely used and highly regarded research platforms in the industry.

Overall, the siF has changed drastically over the course of the semester. “Dr. Zhu’s passion and vision have been a driving force behind the success of the fund,” said Chhor. “He is constantly e-mailing me with new ideas and procedures that will increase our exposure around the Central Valley, including creating an siF website, alumni network, and partnerships with the CFA society of sacramento. His implementation of industry professional standards for research and portfolio management has benefited us all greatly.” Jonathan Fong, portfolio manager, explained, “With regard to managing the fund, this semester we’ve placed a greater emphasis on asset allocation and on the concepts of modern portfolio theory. Also, we’ve made a concerted effort to increase siF’s exposure on campus and in the greater investment community.” To learn more about the student investment Fund and its members and upcoming events, visit our student-run website at go.pacific.edu/sif.

By Melissa McGhee

Front Row L-R: Brett-Riley Fujita, Grace Liu, Melissa McGhee, Jenifer Widjaja, Kristina Hammarstrom, Bonnie Zhen, Emily Ye, Dr. Phil Zhu

Back Row L-R: Aike Huang, Manpreet Randhawa, FeiFei Tang, Chhean Chhor, Sean Pippin, Corey Liu, Jonathan Fong, Weston Chan

InvestmentEberhardt Student

Visits Pacific ExchangeStudent Investment Fund ADvISORY BOARD

MeMBeRS

Larry George Brehm Bus ’65Business and Finance Center

Kenneth E. Williams COP ’71stone and Youngberg LLC

Kenneth Edmond Gregory Bus ’79Litman/Gregory & Company

Larry D. Watts Bus ’79Morgan stanley Dean

Witter & Co.

Shaun Colin McGeary Bus ’02McGeary investment

Management

David BonuccelliDavid L. Bonuccelli

& Associates

Benjamin Courtney COP ’06Financial Consultant

Wachovia securities, LLC

Steve Parshall Bus ’69Founder, Partner

Parshall and Tweedy

Brian Best Bus ’88Leader Ventures


Visits Pacific Exchange EducationChallenges in Accounting

California Adopts the 150-Hour Rule

California senate Bill 819 was signed into law by Governor Arnold schwarzenegger on October 11, 2009. The new law makes significant changes to the licensure requirements for Certified Public Accountants (CPAs). California currently has two pathways to licensure. Pathway 1 requires a baccalaureate degree and two years of experience. Pathway 2 requires a baccalaureate degree, a total of 150 semester units of education, and one year of experience. The bill makes Pathway 1 inoperative as of January 1, 2014, and requires all California CPA candidates to complete 150 semester hours of education before taking the CPA exam. This is known as the 150-Hour Rule.

Although new to California, the 150-Hour Rule has its roots in a report made in 1956 by the Commission on standards and experience for Certified Public Accountants. The commission recommended requiring a graduate degree for accountants. At the time, this was a radical recommendation because only three states, Florida, new Jersey, and new York required CPA candidates to have a college degree of any kind. However, the commission’s recommendation did not gain much ground until the late 1970s when Hawaii and Florida first required 150 hours of education. in the more than 30 years since, almost all states and u.s. Territories have adopted the 150-Hour Rule.

in 1988, the members of the American institute for Certified Public Accountants (AiCPA) overwhelming voted to require 150 hours of education for membership in the organization stating, “A certified public accountant (CPA) in today’s environment must not only have a high level of technical competence and a sense of commitment to service, but must also have good communications and analytical skills, and the ability to work well with people. employers are looking for individuals who have the ability to analyze and evaluate complex business problems and the interpersonal skills and maturity to make decisions in a client- and customer-service environment.”

Adoption of the 150-Hour Rule presents real

challenges to educators as they restructure accounting programs to fit the new requirements. Across the country, colleges and universities tend to react in one of three ways. Many offer 150-hour, five-year-long joint programs that culminate in the acquisition of both a bachelor’s and master’s degree. Other schools offer 150-hour programs but award only a bachelor’s degree at the end, and some retain their four-year bachelor’s program and add a graduate program, either a Master of Accountancy, or an MBA with a concentration in accounting.

The challenge is particularly great in California because, unlike many other states, California’s new law requires that the 150 semester units of education include 10 semester units of ethics study. in addition, the California Board of Accountancy (CBA) tentatively determined that the remaining 20 units be completed at the upper division level or higher, and that a minimum of six of those units to be completed in accounting subjects as presently defined in CBA Regulations. That leaves a maximum of 14 units to be completed in business-related subjects as presently defined in CBA Regulations, or in “other academic work relevant to accounting and business.” The CBA is still discussing the meaning of “other” academic work. Most undergraduate accounting programs are already structured to provide a comprehensive technical accounting education that will enable students to pass the CPA exam and qualify them for employment in public accounting firms. The challenge lies in determining what to include in the 20 extra hours that will further enhance the student’s ability to perform in the workplace and to pass the CPA exam.

As the accounting faculty of the eberhardt school prepares for 2014, we will be surveying employers, alumni, and current students to determine how best to meet the new education requirements. We are counting on your ideas and your support.

Cynthia F. Eakin, ph.D.Associate Dean for Graduate ProgramsAssociate Professor of Accounting

209.946.3913

[email protected]

By Cynthia Eakin


Academics

On most Tuesday evenings in the fall, you won’t find my MBA students in the classrooms of Weber Hall or pounding away at keyboards in the computer lab. if you want to find them, you will have to visit the boardroom of Velocity Venture Capital in Folsom, where they are involved in an exciting new educational program designed to deepen their experiential learning in entrepreneurship. The “entrepreneurs showcase,” which i co-teach with Velocity’s Founding Partner Jack Crawford, is designed to help students transition from classroom to boardroom by learning directly from some of the region’s leading businesspeople while working on meaningful projects for both high-tech and nonprofit ventures.

The eberhardt school, of course, has a long tradition of offering hands-on learning opportunities for students interested in entrepreneurship and new business development. in the past, the MBA program has offered numerous courses that allow students to develop business plans for local entrepreneurs and to work with leaders from local institutions, including the san Joaquin Angel investors and Lawrence Livermore Labs industrial Partnerships Office. Many MBA alums will also recall learning to assess the commercial viability of new products and inventions through the school’s invention evaluation service. Growing out of that rich tradition, the entrepreneurs showcase seeks to further deepen the eberhardt school’s level of collaboration with regional entrepreneurs, investors, and civic leaders in offering high quality experiential learning opportunities to our students while having an impact on the community.

One element that makes the entrepreneurs showcase unique is the opportunity to learn directly from leading entrepreneurs and investors on a biweekly basis. each class session features discussions with two leading entrepreneurs around a common learning theme. “it’s like being able to learn from live case studies,” explains Crawford. “Many of our guests have launched and grown very successful businesses, and certainly an added benefit of doing it this way is that it allows students an opportunity to expand their professional networks.” The guests have included:

• John Stone (Co-founded Powerschool, which was acquired by Apple)

• Yatish Mishra (Co-founder, President, and CeO of RagingWire)

• Michele Wong (CeO of synergex and Chair of the new Powerhouse science Center)

• Scott Hanson (Co-founded Liberty Reverse Mortgage, which was acquired by Genworth Financial)

• Rajiv Donde (Co-founded Anytime Access, which was acquired by Digital insight)

• Stephan Bouchard (Co-founded serious Magic, which was acquired by Adobe)

students also gain hands-on experience by working on projects with Velocity’s portfolio firms and with nonprofit ventures associated with social Venture Partners, which Crawford co-founded with his wife to support education-focused nonprofits. One group of students, for instance, explored potential agricultural

applications of the fuel cell and solar technologies owned by Jadoo Power, a company in Velocity’s portfolio. On the social venture front, another group of students is worked on developing a “fee-for-service” model to allow the expansion of Reading

By Daniel Wadhwani

Stephen Quinn, Eric Escoto, and Moritz Starke

Ashley Coleman and Sean Pippin

Jack Crawford, Ken Bossung and Scott Hanson

continued on p. 13

BoardroomFrom Classroom to

Entrepreneurs Showcase


Partners, a nonprofit that has experienced significant success improving reading skills and abilities among elementary school students. “Many of the lessons i have learned have to do with communicating, setting expectations, and working effectively with clients,” explained sean Pippin, an MBA student with an engineering background. “it’s a set of skills and lessons you can’t get in the traditional classroom setting.” Moreover, students are mentored and given guidance by additional advisors, such as Dr. Jacob Jorgensen (a partner at Velocity who

By Chris Lozano

in my last admissions update i reported on the increases in applications for freshmen and transfer students for the university and the eberhardt school of Business. At that point (for fall 2009), there had been a tripling of applications over the previous fall 2008 semester. This trend continued for the fall 2010 incoming group and applications to the university and the eberhardt school of Business doubled. The final tally for the university was 21,162 undergraduate applications with the eberhardt school seeing 2,937 (about 14%) of these applications for fall 2010. ultimately, there were a record number of new undergraduate students with 1,281 new undergraduates enrolling in their first semester at the university. The eberhardt school saw 167 new undergraduate enrollees.

it would be an understatement if i said that interest in the university and business school are up. There are many explanations for this increased interest, including improved ranking in key guides such as us news & World Report, BusinessWeek, Petersons and Princeton Review. in addition, improved marketing of our outstanding programs, as well as the general state and national demographic trends also played a part in this increased interest. Finally, the university is also benefiting, like many of the other California private colleges and universities, from the continued budget issues at the uCs

and Csus. in a recent nPR marketplace podcast it was

reported that there is a rising concern regarding public colleges and students’ ability to get in and out in a reasonable amount of time. now with recent state institution increases in tuition there is the issue of rising costs. One nPR blog noted that many public universities are now approaching $50,000 per year for tuition, fees and living expenses for out-of-state residents. That is comparable to the current annual costs here at Pacific and we have a 4-year guarantee!

The good news is that the university and business school are poised to deal with what many in the independent colleges and universities are calling the “new normal.” As you read this and previous issues of Strictly Business, i hope you are struck by all the remarkable things going on in the school, the university and in the local communities around stockton. Furthermore, please continue to proudly display the Pacific and eberhardt school of Business colors as alumni, current students, faculty, staff and friends of the university.

i look forward to providing my next admissions update later this year and hope that i will continue to hear from you with your thoughts, ideas, suggestions, and overall support.

Christopher Lozano Director, Student Recruitment

209.946.2597

[email protected]

has founded several companies and taken one public) and Charlie Ansbach (a leading expert on funding for nonprofits and nGOs).

The entrepreneurs showcase culminated with an event at the Citizens Hotel in sacramento on December 7th. The event provided students a chance to showcase their work in front of civic and business leaders, and highlighted the eberhardt school’s efforts to educate the region’s next generation of entrepreneurial leaders.

continued from p. 12

Entrepreneurs Showcase

Admissions

Update Fall 2010


Academics

CompetitionMBA Global Business

LondonBy Dick Vargo

The MBA’s Global Business Competition course was held in London, u.K. in May/June 2010 under the direction of Professors Dick Vargo and unro Lee. The twin goals of the course were (1) to study how the economies of various countries have responded to the worldwide financial recession and (2) to have an awareness of how the international Accounting standards Board will change American accounting practices in the upcoming years. in preparation for the course, Professors Vargo and Lee met often in the year leading up to the trip to determine which countries to study.

The first goal was achieved by pre-trip preparation in stockton followed by visiting the London embassies of spain, the netherlands, Greece, Poland, and iceland where the students received customized presentations from economic ministers and, in iceland’s case, the ambassador himself. spain was selected because of its 20% unemployment rate and collapsing small banks, some of which were taken over by the government on the day of the MBA students visit. netherlands was selected because its 4-5% unemployment rate is half of the overall rate in the eurozone. The students were interested in the Dutch programs to keep people

employed, especially those under age 30. Greece was selected because of its high debt level, less than transparent method of accounting for its debt, and the obvious need for austerity. At the Polish embassy the economic Minister, K. Trepczynski, told us why Poland has not experienced any financial recession at all and why, other than Germany, it is probably the strongest country in europe today.

The second goal was also achieved by pre-trip preparation in stockton followed by a visit to the offices of the international Accounting standards Board (iAsB) in London. At the iAsB, the students sat at the very table where the iAsB members vote on accounting issues and received a presentation on the mission and goals of the iAsB from an iAsB project manager. As American accounting rules will merge with iAsB standards by 2014, this information is timely.

Visits were also made to the Bank of england, the u.s. embassy, London school of economics, Barclays Bank, and the Fuller, smith and Griffin Brewery, where the students refreshed themselves with some local ale and found out why an average of five British pubs close each week.

Visiting the Polish Embassy Back Row: Nathan Pratt, Weston Chan, Melissa McGhee, Jonathan Fong, Charles Weber, Carl Hsiao, Unro Lee, Corey Liu Front Row: Diana Ni, Ashley Coleman, Chhean Chhor, Mr. Trepczynski, Sean Pippin, Christine Nguyen, Dick Vargo


During fall 2009 semester, i realized that i needed to boost my resume when a friend of mine, and not me, received an interview for an internship for which we had both applied. even though my resume was academically strong, i started looking into acquiring experience that would distinguish me from other applicants. in late fall, i came across the Volunteer income Tax Assistant (ViTA) program with which Beta Alpha Psi, the honorary society for financial information students, was involved. i felt that through ViTA i would have the opportunity to gain skills to diversify my resume.

While volunteering with ViTA, i met Robina Asghar, the executive Director of the Community Partnership for Families (CPF), the agency that provides ViTA. During our conversation, Robina asked if i could help her put together a business plan for CPF. Coincidently, i was taking Professor Wadhawani’s entrepreneurship class in which we were assigned to develop a business plan. After Professor Wadhwani and Robina exchanged communication, the project was made available to the class. i voluntered along with four other students, Corbett Gribble, Josh Cogo, Rachera swan, and Dominic Marquez.

in our first meeting with Robina in mid-March it was decided, due to the lack of time, that we would develop a business plan just for ViTA and include basic information about the agency. We also distinguished that the business plan was not going to be for the traditional reason of starting a business but assisting an already established program. starting out, the team worked together on each section which caused confusion on who would take the lead. eventually, to save time and to cover all the required areas, specific sections of the business plan were assigned to each member and the team came together when needed. each member was required to perform research, develop a plan to implement the findings, and finally document everything. We communicated via e-mail to share all of the research information that was relevant to other team members. Our research

included, but wasn’t limited to, interviewing staff from multiple organizations, contacting ViTA programs in other cities, and collecting secondary statistical and financial data. We performed surveys, launched focus groups, and basically dissected the ViTA program to analyze what needed to be implemented and changed. My involvement with ViTA assisted in providing critical information that made the business plan more effective and usable. Professor Wadhawani guided us through the entire process but allowed us to own the project.

in late July at Robina’s request, the business plan was presented to the CPF Board of Directors and executive staff. The feedback for the presentation was extremely positive and a week later i was offered a full-time position with CPF to implement the business plan. Having the opportunity to write a business plan or perform any type of business service for an actual organization is definitely a valuable experience that can enhance a resume or even land a job.

By Shaheen Ayaz

VITA

Volunteers

shaheen Ayaz BUs ’10

ESB Career Management Center Note:

Through proactive efforts including

participating in Meet the Firms and making

class and club presentations, Shaheen

successfully recruited Pacific ESB students

to participate as VITA volunteers again during

the current tax season. Student Volunteers

2011: Heather Uekawa COP ’10, BUS ’11, Kei

Motonishi BUS ’12, Marc Goeller BUS ’12,

Kiran Kaur BUS ’12 and Phuong Tran BUS ’14.


Faculty and Staff

Margaret roberts Director

Graduate Career Services

209.946.2350

[email protected]

Breanne Beseda Assistant Director

Graduate Career Services

209.946.7670

[email protected]

Breanne Beseda has served as the assistant director of the Career Management Center for the eberhardt school since 2007, assisting with all career programs, education, events, coaching and advising, and employer relations efforts. in addition, Breanne also serves as an adjunct instructor and faculty advisor.

Breanne is an alumnus of Pacific, having earned her BsBA in 2000 and her MBA in 2001. Breanne is also a former employee of eberhardt, having served as marketing manager from 2003 to 2006. Her professional experience includes 10+ years experience in marketing and operations management with corporate, entrepreneurial, and nonprofit organizations in high-tech and higher education environments.

When asked what she likes most about her current role, without hesitation she answered, “The people!” she further explained, “i get to work with an incredible team of colleagues, fellow alumni, interesting employers, and fantastic students. This role is a great combination of marketing, sales, development, recruitment, and most importantly, education. i love that every day is different, and that every day i have the opportunity to contribute in a

meaningful way to the success of the people i work with and for.”

When asked what is most challenging about her current role, Breanne smiled and again answered, “The people.” she continued “Behind every resume or interview is a person with goals and fears and feelings. it is often difficult to deliver tough feedback or criticism, but i know that it is necessary for the professional development process of our students and will ultimately help them to better represent themselves and Pacific.”

Breanne is known amongst her students and colleagues as someone who takes a personal interest in each of them as individuals – her door is always open and she is always ready and willing to help in any way she can. she commented “As an alumnus myself, i have a vested interest in the success of this place and its people!” When she is not on campus working with students or in the field working with employers, Breanne enjoys reading, cooking, her piano, her pets, and spending time with family in her hometown of Lodi. she and her husband are excited to welcome their first child in June!

Margaret Roberts joined the staff of the eberhardt school in 2002, following a 10 year career in recruiting and sales. Originally hired as director of employer relations with a heavy focus on external outreach to attract employers to the campus, Margaret’s role has grown to oversee all of the career programs, education, coaching and advising, and employer relations efforts for the school.

The most enjoyable aspect of the job for Margaret is that working in career management touches every stakeholder group of the school – students, faculty, fellow staff, alumni, and employers. Preparing students to be successful in their careers requires engagement with all of these stakeholders to varying degrees, and being a conduit to connecting these layers creates the

complexity and variety that Margaret enjoys in her professional work. Operating as a fairly lean staff within the school also creates opportunities for Margaret to support initiatives beyond the scope of career services including MBA recruiting efforts. Margaret is always first to volunteer to visit uC santa Barbara (her alma mater) to promote the MBA program.

One of the most challenging tasks is delivering tough employer feedback to a student who needs more polish before they can succeed in the interview process. Yet this also creates opportunities to engage a student one-on-one and offer the individual attention that attracts students to Pacific. Having herself been the product of a large uC institution, the student-

SpotlightStaff

Breanne Beseda

SpotlightStaff

Margaret Roberts

continued on p. 17


suzanne Walchli, ph.D. Associate Professor

209.946.2581

[email protected]

Professor suzanne Walchli arrived at the eberhardt school in the fall of 2000 as a well educated and highly experienced marketing professional. she earned her undergraduate degree in psychology at Duke university in Durham, north Carolina. next, she earned an MBA from the university of Pennsylvania’s prestigious Wharton school and immediately put her marketing expertise to use first as a strategic planning analyst for KFC Corporation, and then as a product manager for Frito-Lay, where she worked in product development and brand management. she advanced to become the vice president of cardmember services marketing for Citicorp Diners Club before entering the Ph.D. program in marketing at northwestern’s top-ranked Kellogg Graduate school of Management.

Professor Walchli’s academic career began in 1993 at Babson College where she taught courses in marketing, consumer behavior, marketing statistics, and new product development. in the latter course, a team of her MBA students developed the concept for Oxo’s top-selling Good Grips salad spinner.

Although born in Ohio, Walchli grew up in southern California, so her decision to come to Pacific was also a decision to return to her roots. since arriving at the business school, she has devoted herself to numerous teaching, research, and service activities. Among the courses she teaches are marketing management, strategic marketing, and consumer behavior. she has published papers on branding, marketing strategy, and consumer psychology, and has won the eberhardt school’s Outstanding Research Award twice, once in 2003 and again in 2007.

she currently is working on studies concerning counterfactual thought (consumer regret), and trust and privacy on the internet and social networks.

Her service activities are many and varied. she served on the university’s experiential Learning Oversight Committee for several years, and currently chairs both the university’s Professional Relations Committee and the eberhardt school’s Curriculum Committee. However, she believes her most important service contribution was starting Pacific’s student chapter of the American Marketing Association (PAMA) in 2003. As a result of PAMA’s success, Professor Walchli was awarded the eberhardt school’s service Award in 2004.

Professor Walchli believes the most rewarding aspect of her job to be the opportunity to make the eberhardt school a better place by working on the quality of the curriculum and the quality of the student experience. On the other hand, grading is her least favorite part of the job. she states that, “it’s difficult to capture the totality of a student’s performance in one number or letter.”

When not on campus, Professor Walchli enjoys the country life just outside of stockton where she owns a productive walnut grove. she enjoys golfing and is a member of stockton’s executive Women’s Golf Association. As a graduate of Duke, it is no surprise that her favorite sport is college basketball, and that she admires student athletes who are committed to their athletic careers. she particularly enjoys the time she spends with her two beagles, Toby and ivy, and with Zach and Benji, the two feline members of the family.

FocusFaculty

Dr. Suzanne Walchli

centered climate at the eberhardt school and Pacific are a wonderful atmosphere to work in and promote daily.

Margaret also serves her fellow Pacific staff as an elected representative of the staff Advisory Council and is a member of the executive board as chair elect for 2010-11. in 2009 the sAC appointed Margaret to serve as the staff representative on the recent Provost search

Committee. Beyond the campus Margaret is co-chair of the 2011 MBA Career services Council annual conference.

When not cheering on her favorite Tiger team, women’s softball, Margaret and her husband are cheering on their teen daughters who play softball on a competitive travel team and for Cosumnes Oaks High school in elk Grove.

By Cynthia Eakin

continued from p. 16

continued on p. 17


Centers and InstitutesFaculty and Staff

Mike Canniff was elected as chair of the Microsoft Academic Alliance Advisory Council for 2010-11. Mike chaired the main council meeting held in Minneapolis last month. This session was attended by council members from leading universities throughout north America that focus on teaching Microsoft Dynamics software in the classroom.

Peter Hilsenrath was recently appointed to the Community Health Forum steering Committee. This committee oversees the Community Health Forum which was held at Pacific on november 15, 2010.

Peter Hilsenrath’s co-authored article, “Pulmonary impairment After Tuberculosis and its Contribution to TB Burden,” was published in BMC Public Health, Vol 10, no 259, May 2010.

Peter Hilsenrath’s op-ed piece, “On salam Fayyad, south Africa and Prospects for Peace,” was published in The Jerusalem Post, January 25, 2011.

Laurie Lichter-Heath’s article, “What Does the Case in Re: Katrina Canal Breaches Consolidated Litigation Mean for infrastructure Managers?,” was published in the Public Works Management & Policy, Vol 15, no 2, October 2010.

Jeff Miles and Stefanie Naumann’s paper, “Research Trends in the Academy of Management Publications,” was published in the Journal of Management and Marketing Research, Vol 6, January 2011.

Stefanie Naumann’s paper, “Moderators of the Relationship between Helping norms and individual Helping,” was accepted for publication in small Group Research. The paper reports the results of a field study involving surveys of employee work teams in a large national telecommunications company.

Stefanie Naumann and Laurie Lichter-Heath were awarded a small Projects/Travel Grant by CAPD in December 2010. The grant funds will be used to purchase and implement an audience response system (ARs), or “clickers,” in classroom environments to increase student engagement. Recent research has found that students perceive clickers as a way to (1) enhance learning, (2) test their understanding against their peers, and (3) anonymously respond without social desirability bias.

Jerry Post’s paper, “using Re-Voting to Reduce the Threat of Coercion in elections,” was published in electronic Government: An international Journal, Vol 7, no 2, January 2010.

Will Price’s review of the book, “Catastrophe in the Making: The engineering of Katrina and the Disasters of Tomorrow,” was published in Public Works Management & Policy, Vol 15, no 1, July 2010.

Chris Sablynski presented a co-authored paper, “investing Abundant Resources Through Work effort in the Job embeddedness–Performance Relationship,” at the 2010 Academy of Management Annual Meeting in Montreal, Canada in August 2010. This paper

was selected for the “Best Paper Proceedings” of the Organizational Behavior Division of the AOM Annual Meeting.

Chris Sablynski, Stefanie Naumann, and Jeff Miles were panelists of a session, “Business school Centers: Best Practices and Lessons Learned,” at the 2010 Academy of Management Annual Meeting in Montreal, Canada in August 2010.

Chris Sablynski presented his paper, “The Role of emotional intelligence in Public sector Leadership Development,” at the international Association of Chinese Management Research (Affiliate of the Academy of Management) Conference in shanghai, China in June 2010.

Dara Szyliowicz’ co-authored article, “Applying Broader strokes: extending institutional Perspectives and Agendas for international entrepreneurship Research,” was published in the international Business Review, Vol 19, no 4, August 2010.

Dara Szyliowicz’ paper, “How industry Associations suppress Threatening innovation: The Case of the u.s. Recording industry,” was accepted for publication in Technology Analysis & strategic Management.

Dara Szyliowicz presented her co-authored article, “institutional Dynamics and investing strategies: Changes in the Venture Capital sector,” at the 2010 Academy of Management Annual Meeting in Montreal, Canada in August 2010.

Dan Wadhwani was a panelist of two sessions, “new Historicism in Organizational studies” and “Building entrepreneurship Theory with Historical Data,” at the 2010 Academy of Management Annual Meeting in Montreal, Canada in August 2010.

Dan Wadhwani’s chapter, “Historical Reasoning and the Development of entrepreneurship Theory,” was published in Historical Foundations of entrepreneurship Research, Landström and Lohrke, eds., 2010.

Dan Wadhwani’s co-authored paper, “Changing Landscapes: The Construction of Meaning and Value in a new Market Category–Modern indian Art,” was published in the Academy of Management Journal, Vol 15, no 6, December 2010.

Phil Zhu’s co-authored paper, “Partial Acquisitions in emerging Markets: A Test of the strategic Market entry and Corporate Control Hypotheses,” was accepted by the Journal of Corporate Finance.

Phil Zhu’s co-authored paper, “A Comparative Analysis of the Role of national Culture on Foreign Market Acquisitions by u.s. Firms and Firms from emerging Countries,” was accepted for publication in Journal of Business Research.

Phil Zhu’s paper, “Persistent Performance and interaction effects in sequential Cross-Border Mergers and Acquisitions,” was accepted for publication and made available online in December 2010 in the Journal of Multinational Financial Management.

Faculty

Happenings


INSTITUTE FOR FAMILY BUSINESS PARTNERS

Central Valley: Evolve Partner Group, Moss Adams, Neumiller & Beardslee, Richard R. Paulsen Insurance

North Bay: Evolve Partner Group, Friedemann Goldberg, LLP, Moss Adams, Carlson Hammond, Exchange Bank

Are you Prepared for Succession?Perhaps your business has been in your family

for generations. Or maybe you built it from the ground up, with the hopes of one day passing it on to your children. However you got here, you are now approaching a crossroads in your life: a milestone that affects your business, your family, your wealth, and your future. The crossroads is the transition of your business to your successor.

Great succession planning empowers you to build a lasting legacy, comprehensively addressing the needs of the business, the owner, and the family.

When you develop a comprehensive business succession plan, one of the key elements to consider is management succession. Business survival and viability rest on sound management decisions and solid leadership. Planning for management’s continuity and growth ensures that your business will remain financially healthy and continue its established business culture. A formal management succession plan will develop key successors and enhance a company’s long-term performance, value, and transferability.

it takes a strong vision for the future to establish a family business’s long-term prosperity and ensure the family’s financial independence for years to come. Owners who translate that vision into a detailed management succession plan can resolve many uncertainties about their business’ future leadership.

Management succession challenges facing family businesses today are quite different from those of nonfamily businesses. Families often want a successor—ideally from within the

family—who will not only run the business but also continue to represent the family’s values and community legacy.

A family conversation is a good first step toward navigating the complex process of succession planning. inviting all stakeholders to engage in this essential conversation allows everyone to offer their input into the final plan.

Thinking about how the company will live without you can be a struggle. But you must face the task of redefining your business’ day-to-day life. Consider the following:

• is there a written succession plan for your key positions?

• Can your management team execute your strategic plan?

• Are you preparing your successors to fulfill your role in the business?

• Will your key employees be threatened in the event of your death?

• Does your bank know your successors and their future role in the company?

• if something happens tomorrow, can the company continue without you?

• Does the company have the right people in the right positions to create a successful succession plan?

• What additional incentives are you offering key management in order to retain them?

every business owner needs to develop a customized succession plan that fits their goals.

Kerry Gordon, Managing Partner at Moss Adams, [email protected] version. For the full article go to pacific.edu/ifb

The Institute for Family Business provides a wide variety of resources and programs to help family businesses with their unique challenges and opportunities. To see how we can help your family business, please contact Director Peter Johnson at 209.946.3912.

peter Johnson

Director

Institute for Family Business

and Westgate Center for

Management Development

209.946.3912

888.439.2867

[email protected]

www.pacific.edu/ifb

www.pacific.edu/westgate

Family BusinessInstitute for

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California is known for acrimonious, high-stakes conflicts over its water resources. in 2009, the combination of a drought, environmental rules to protected endangered fish species in the Delta, and major water legislation put a spotlight on the contentious issues.

early in 2009, the Business Forecasting Center (BFC) criticized

claims of job loss and soaring unemployment from reduced water deliveries, and issued reports that challenged the assessments made by agricultural economists at uC Davis. The back and forth debate between Pacific and Davis economists on water and jobs included opposing testimony in federal court, and attracted a great deal of attention in policy circles and the media.

As 2009 ended and data on the actual effects started to become available, it became apparent that Pacific’s controversial forecast on water and jobs was, in fact, accurate. While working on a final assessment of the drought over the summer, BFC Director Jeff Michael contacted the head of the agricultural economics program at uC Davis and invited him to write a joint, retrospective report. “Our estimates were converging together, and we agreed that a final joint report would put the spotlight on the facts and areas of agreement, and move the conversation forward in a positive manner.”

The collaborative effort has been well-received. The following article about the report ran in the Contra Costa Times, san Jose Mercury news and other newspapers.

Fewer job losses linked to Delta, droughtBy Mike Taugher Contra Costa TimesSeptember 29, 2010

A jobs plan that is part of Meg Whitman’s gubernatorial campaign suggests that drought and Delta pumping restrictions might have cost California 95,000 jobs.

senate candidate Carly Fiorina puts the number at 40,000.

Both are relying on early and outdated economic forecasts of what might have happened in 2009.

now, the economist who developed those numbers and his toughest academic critic have joined together in a report that tries to determine what actually transpired.

Their conclusions: Those estimates of lost jobs are far too high.

Between 5,500 and 7,500 jobs were lost due to water shortages in the san Joaquin Valley last year, and most of the blame goes to the weather, not to environmental protection. One of the economists put the job loss attributable to environmental protections at 1,400 jobs and the other put the figure closer to 3,000 jobs.

By comparison, one of the report’s authors said the housing downturn cost the region 76,000 construction-related jobs.

“sure, the 2.5 percent decline in crop production had an impact, but the 90 percent decline in home production and the more than 50 percent decline in nonresidential construction had a much bigger impact,” said Jeffrey Michael, Director of the Business Forecasting Center at the university of Pacific.

The Delta’s problems captured national attention last year as drought and new restrictions on water pumping combined to cut supplies to farms and cities that had been taking record amounts of water out of a collapsing Delta.

Despite the fact that drought was causing most of the shortages, talk show hosts and politicians took to blaming new court-ordered restrictions meant to prevent Delta smelt from going extinct. Protests were held in the hardest

Andrew padovani Research Associate

Jeffrey Michael, ph.D.Director

Thomas pogue, ph.D.Regional Economic Analyst

Business Forecasting Center

209.946.2623

[email protected]

Forecasting CenterBusiness

vALLeY eCONOMY BLOGDr. Jeff Michael, director of the Business Forecasting Center, comments on current economic, business and environmental issues of importance to the Central Valley at http://valleyecon.blogspot.com

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hit area -- the san Joaquin Valley’s west side -- where bitter complaints were heard about fish being favored over jobs.

in early 2009, uC Davis economist Richard Howitt tried to predict the economic impact the drought and new restrictions on Delta pumping would have on san Joaquin Valley farms. His first attempt resulted in a forecast that 95,000 jobs might be lost, but he revised that figure downward a number of times in response to much lower numbers put forward by Michael.

“Yes, it’s a problem when candidates don’t use the most recent and accurate figures,” Howitt said in an e-mail. “i have tried to correct this, but this combined report should help put some of the outdated values to rest.”

Whitman and Fiorina’s opponents -- state Attorney General Jerry Brown and incumbent u.s. sen. Barbara Boxer, respectively -- also have made references to problems in the Delta but they do not appear to have used the high job loss estimates as part of their campaigns. The economists said the impact was concentrated in western Fresno, Kern and Kings counties, regions served largely by the nation’s largest federal water district, the Westlands Water District, and the state Water Project’s second largest customer behind southern California, the Kern County Water Agency.

Howitt noted that economic impact was indeed severe in those regions but that voluntary sales among big water users significantly blunted

Back and ForthUC Davis Pacific

Winter 2009: issues highly publicized report predicting up to 95,000 lost jobs from reduced agricultural water supplies in 2009.

Spring 2009: BFC calls job loss estimates exaggerated, publishes controversial op-ed in sacramento Bee and Fresno Bee.

May 2009: Revise job loss estimates down to 35,000.

August 2009: BFC report estimates 6,000 lost jobs, with 2,000 due to environmental restrictions.

September 2009: Responds with a new report that revises job loss estimate down to 21,000 with 5,000 due to environmental restrictions.

December 2009: BFC report revises estimate to 8,500 lost jobs with 2,000 due to environmental restrictions.

september 2010: Joint Pacific/Davis retrospective report estimates total loss of 5,600 to 7,400 jobs from reduced water supplies with 1,400 to 3,000 due to environmental restrictions on pumping and the rest due to natural drought.

the effects of shortages. “Despite this, a 10 percent reduction in jobs is a severe impact for farmworkers on the west side,” he said.

The economists used different methods for determining the actual impact of the drought and the new Delta pumping restrictions, but came up with numbers that were close.

Michael estimated water shortages caused farm revenues to decline by $340 million while Howitt put the figure at $370 million. in both cases, the figures represent a lot of money, but less than a 3 percent decline in san Joaquin Valley farm revenues.

Michael put the job losses due to environmental protections at 1,400 while Howitt estimated 3,000.

if Michael’s figure is correct, the number of farmworkers who lost their jobs due to environmental protection would be fewer than the 1,800 fishing jobs he estimates were lost in each of the last two years due to the collapse in California’s commercial salmon. “The san Joaquin Valley has been battered by chronic unemployment and the evaporation of the housing market, problems that dwarf the losses incurred by drought and recent environmental protections intended to prevent Delta fish from going extinct,” he said.

“This valley has incredible problems, but our leaders are completely consumed with this one issue,” Michael said.

Forecasting Center

rEgionAL AnALysTThis quarterly series examines san Joaquin County economic and demographic data in depth. Previous issues have examined education, employment, healthcare, and housing in san Joaquin County. The Regional Analyst also includes an annual population projection extending to 2035.

CoUnTy DATA proFiLEsFor each of California’s 58 counties, we compile and annually update a 50 page report with historical data on personal income, earnings, employment, regional income and expenses, transfer payments, labor force statistics, demographic profiles, and commuting patterns.

spECiAL rEporTsThe BFC periodically produces special reports on topics of current interest. Most of these are available on our website. The most recent reports tackle the employment impact of the state water crisis in the san Joaquin Valley. Custom research projects are conducted for clients under contract.

BUSINESS FORECASTING CENTERhttp://forecast.pacific.edu

The following reports and data are available free on our website.



For more information on our programs please contact Peter Johnson at 209.946.3912 or visit our website www.pacific.edu/westgate

Why Can’t Government Get Things Done?

Why is it so difficult for the government to get things done? During the campaign process intelligent people promise new ways of doing things. They promise to work well with others to make difficult decisions. Yet, they are no better than the last person. Do we keep sending the wrong people or is the system flawed? Join us on April 27 from 4-5:30 PM as we hear a panel of former elected officials discuss the challenges of government getting things done. The panel includes:

Former state senator Patrick Johnston, former Assemblyman Dean Andal, and former member of the san Joaquin County Board of supervisors Jack sieglock.

Nonprofits Learn How to Build Better Organizations Through Better Leadership

in the past two years, the nonprofit Board Development program offered through the Westgate Center has seen a wide variety of participants: churches, nursery schools, private schools, the American Red Cross, the Child Abuse Prevention Council, the Women’s Center of san Joaquin County, the YMCA, united Cerebral Palsy, the stockton emergency Food Bank, united Way, Downtown stockton

Alliance, World of Wonders, and many more. in fact, over 100 organizations have been involved in the program. several of the larger nonprofits in the region have found the program so beneficial they now require every board member to go through the training. The next program will be offered April 19 and 26, 2011. Leadership stockton Alumni Association provides scholarships for qualified participants.

Here’s a question every organization needs to ask themselves: “If your nonprofit weren’t here tomorrow, who would miss you?”

Need to Jumpstart Your Organization?The past three years have been tough for

almost every organization. Between cutting budgets, reducing the number of employees and realigning priorities, isn’t it time to take a step back and create a strategic plan for the future? Maybe you need to align your mission with your operations or enhance the effectiveness of your work teams. Other organizations may need to create effective leadership succession plans. Whatever challenges you might face, the Westgate Center for Leadership and Management Development can help jumpstart your organization. Call us today to see how we can utilize our experts to ensure that you and your team reach their full potential.

Executive

Education“This program was great! I really wish I would have taken the class a few years ago. It would have made many of the issues I dealt with as president much easier.”Laurie Schrum, Former President of the YMCA of San Joaquin


Alumni Career

Profile Day A Success!By Breanne Beseda

in celebration of national Career Month, each november the eberhardt school of Business hosts Alumni Career Profile Day. This event brings successful eberhardt alumni into the classroom to share personal career stories and industry insights with current students. The event also features pre-scheduled one-on-one informational interviews throughout the day to allow for individual dialogue between alumni and students. This year the alumni also enjoyed a luncheon with the faculty and a roundtable discussion with the

new dean, Lewis Gale. The day concluded with a reception where the alumni, students, faculty and administration had the opportunity to network and celebrate the success of the day.

This unique opportunity to interact with professionals is significant to the student experience in so many ways. Through Alumni Career Profile Day, students gain invaluable industry knowledge, professional insight and networking experience while developing important communication and interview skills.

From left to right: Tap Merrick, Elise Willis, Mary Pietanza, Tim Bryan, Nicole Cooksey, Melissa Prather, Bryan Quinn, and John Godi

This year’s event drew a diverse and accomplished group of alumni. The Eberhardt School would like to thank the following alumni participants:

Charles Bork Bus ’04, MBA ’08 – Financial Advisor, new York Life

Tim Bryan Bus ’00, CPA/CFF/CiTP, CisA, enCe – senior Vice President, Perry-smith LLP

Nicole Cooksey Bus ’10 – Financial Advisor, northwestern Mutual Financial network

John Godi MBA ’95 – General Manager, stone Bros. Management

Tap Merrick MsBA ’72 – Financial Advisor, Woodbury Financial

Mary Pietanza MBA ’86, sPHR – senior Manager of Learning, sAiC

Melissa Prather Bus ’04 – senior Media Buyer, Vertis Communications

Bryan Quinn MBA ’05 – Director of Publisher Development, ADiFY (Cox enterprises)

elise Willis MBA ’08 – Director of Business, Marketing & Training, Mediation Center of san Joaquin

Please consider contributing

to this invaluable experience

by joining us for the next

Alumni Profile Day in 2011!

Your inspiration and guidance

may lead to the next high

profile business leader of our

time! If you are interested

in participating in November

2011, please contact

Breanne Beseda, Assistant

Director of the Eberhardt

Career Management Center

at [email protected] or

209.946.7670.


Career Management

By Margaret Roberts

no one envies the college graduate who today is facing a job market with a +9.0% national unemployment rate and a California rate exceeding 12%. Most of us take comfort in the knowledge that this too shall pass as have previous recessions and slow recoveries. However, for the typical new graduate pursuing his or her first professional job, these assurances often feel like lip service. even the most qualified, well-rounded top academic performing graduates who have relevant internship experience to offer don’t find this job market a cake walk.

For the student-athlete who spends upwards of 20-30 hours a week or more training, practicing and competing on a Division i athletic team and equal hours applying themselves in the classroom and studying, facing the current job market most often without the benefit of having tested their skills and interest through an internship can be even more daunting. The three recent graduates profiled in this article attacked this obstacle in an interesting way and in the process accomplished another goal that was unattainable while they were committed to a sport during college – the experience of living abroad.

nicole Gradwohl (Bus ’09), Chelsea Gomes (Bus ’10), and Garrett Murphy (Bus ’10) were recruited to Pacific to represent the university on the softball and soccer fields and in the swimming pool, while getting a great education in business. All three of these graduates were interested in but unable to pursue a study abroad exchange during their four years at Pacific. This desire was strong motivation for all to investigate the international internship programs they each participated in immediately following graduation in the past two years.

nicole Gradwohl’s story is a little different in that near the end of her scholar-athlete career she opted out of her sport to focus on academics. nicole also secured an internship with a local branch of uBs, a global financial services provider, during her senior year, where she was exposed to one segment of the industry. Contemplating her post-bachelor career interests and options, nicole’s attention was grabbed by an e-mail from the Career Management Center detailing an academic/professional internship exchange program through the Mountbatten institute in London.

Following a thorough investigation of the

program, nicole applied and was accepted by the Mountbatten institute. After graduation she flew off to London where she spent a year working full-time as a credit analyst intern in the law firm group for the Private Banking Division of Citibank. Though she was working for a major global bank, nicole’s immediate work group was a team of only eleven finance professionals, giving her access to the top managers of the London team, as well as the global heads of marketing and investment finance who worked in the same office space.

Working and living in London for the past year created the opportunity for a number of “firsts” for nicole, not the least of which was the experience of travelling abroad. not only did she experience uK life, she visited 12 different countries. in addition, through the academic component of the Mountbatten institute program nicole earned a certificate in international Business. near the end of her internship year nicole was recommended by her supervisors in London for openings with the Private Banking group at the firm’s headquarters in new York City. nicole recently settled into her first full-time career position as a sr. Associate – investment Finance specialist with Citibank, a position three paces higher than an entry-level analyst, working in a group five times the size of the London team. nicole estimates that she’s 2-3 years professionally ahead of peers who graduated and entered the market in 2009 and attributes this to her international experience and the value of the relationships she developed within the company.

Garrett Murphy spent many hours each week both on and off-season training in the swimming pool while at Pacific. Like many water sport athletes, his summers were spent as a lifeguard, teaching the life-saving skill of swimming and coaching youth swim teams for the Pleasanton Valley swim Club. As he entered his senior year and final year of competition, Garrett began to contemplate his future career goals and what he’d need to do to get his career off to the right start. scanning the university’s Tiger Jobs system for opportunities targeting graduating seniors, he came across a posting by intrax internships Abroad. Garrett applied and was selected by intrax and his search for a suitable internship placement was facilitated by the company which set up interviews, managed the visa process and provided housing facilities in London.

Chelsea Gomes at Park Guell in Barcelona

Garrett Murphy at Wimbledon

Nicole Gradwohl at Citibank Offices in London

StreetStories from the

London & Barcelona Host Three Pacific Interns


Garrett spent last summer in a marketing internship with steely eye Digital Media, a startup that develops mobile applications and mobile websites for high profile B2B clients such as Audi and Virgin Mobile. in his marketing support role Garrett worked closely with the company founders and PR manager on projects ranging from researching prospective clients to creating a blog featuring reviews of mobile apps and websites. However, Garrett’s true career interests lie in the finance field, and he found that in a startup environment you need only to ask and more often than not you can get your fingers in many different pots. This situation was no exception and Garrett was soon able to provide monthly and future cash flow projection analysis support as well.

As with any new experience there were some surprises. For Garrett one of the biggest adjustments was depending solely on public transportation. He described the Tube as overwhelming, stating “there is no such thing as personal space.”

Admittedly, Garrett was wary of working for a startup. He expected it to be disorganized and chaotic, but found much to his relief this was not true of the group he worked with. Rather, he enjoyed access to the company’s executives and realized that they were just as committed to his success as they were to the company’s success. Garrett feels strongly that his internship in London with steely eye Digital Media enhances his marketability because it demonstrates his ability to move beyond his comfort zone, take risks and initiative. Having recently returned from London, Garrett is actively pursuing an entry-level opportunity as a financial analyst in the Bay Area.

Chelsea Gomes also yearned to study abroad during her four year college experience but her commitment to soccer prevented her from pursuing this dream. During her senior year as she sat in one of her business classes listening to a presentation from intrax internships Abroad, an idea was born. Following graduation she could “gain valuable business experience in an international setting.” Chelsea studied marketing and was actively engaged in projects through the Pacific American Marketing Association (PAMA) but putting those skills to work in a real business halfway around the world truly brought her education to life. Chelsea was the sole marketing intern for Totbits internet solutions, an online web design and sales consulting firm in Barcelona, spain. she led efforts on projects for clients who were selling to the us market and assisted with language translations and

cultural barriers. similar to Garrett’s experience, Chelsea worked with a small team, which included technical designers, marketers and the company owners.

Chelsea’s experience may have presented the most challenging demands of the three students profiled due to the language and cultural differences in spain. Chelsea’s own words describe this best: “…here in the u.s. we live to work while abroad they work to live. From what i saw and experienced internationally, people work in order to get by while here we seem more engulfed by work. Don’t get me wrong, they work hard in spain but the attitude and lifestyle is just different.” And she learned to enjoy the afternoon siestas! since returning to the u.s., Chelsea has settled in southern California where she is employed by Gallo Wine Company, managing retail accounts from santa Monica to Malibu and Pacific Palisades.

One of the benefits of the programs that each of the graduates valued highly was the interaction with other interns in the same city. in Barcelona, Chelsea was one of nine intrax interns working at different companies but all living in the same apartment complex. in London, both Garrett and nicole were able to network with interns in their respective programs for both organized business speaker events and cultural excursions facilitated by their programs, as well as living in apartment facilities owned or leased by the respective program. This built-in network of friends sharing a common experience alleviated some of the assimilation obstacles that might have existed had they found their internships independently.

Another common experience that each of the graduates shared was the somewhat unexpected but pleasant surprise that the business environment was relatively casual, or in the case of Barcelona, “very laid back.” This allowed each of the individuals to adapt more quickly, gain confidence and trust and learn how to work well with their peers and supervisors in a short period of time. These qualities were undoubtedly transferred easily from their experiences as athletes!

nicole, Chelsea and Garrett also emphasized the value of securing their internships through a structured program that facilitated visas, served as a conduit to employers, arranged interviews and prepared them for the experiences through cultural and business orientations. While it’s not at all impossible for a student to achieve this on his or her own, these exchange programs were ideal for these graduates.

SPECIAL NOTE:

The costs of programs like

these vary considerably and

the features and benefits

differ as well. 2011 rates

for the Intrax programs

range from $5650 for a

summer in China to $7950

in London. Mountbatten

Institute’s one-year academic/

internship exchange program

is currently listed at $10,000

including the certificate

program tuition and a monthly

living allowance of £615.

The programs described in

this article are not the only

available options for students

and are not exclusively

endorsed by the university,

the Eberhardt School of

Business or the Career

Management Center.

For more information on

these programs visit:

www.intraxinternshipsabroad.com

www.mountbatten.org


Career Management

Meet the

Firms By Margaret Roberts

Connecting Employerswith Pacific Talent

• Participating Employers/Organizations: 25• Repeat Participation Rate: 88%• Students in Attendance: 126• Alumni Representation of Participating Organizations: 41%• Recruiting Companies to Host On-Campus Interviews (OCI): 50%• Resume Submission to OCI Invitation Success Rate: 83.5%• OCIs Conducted Fall 2010: 61

20%Banking & Financial

Services

16%Corporate

20%Government/Not-for-Profit

32%Public Accounting

12%Test Prep/Education

Industry Distribution ofParticipating Employers 1%

Alumni

24%MBA

17%Seniors

30%Juniors

5%Sophomores

23%Freshman

Student Attendance by Class Year

EBErhArDT CArEEr MAnAgEMEnT CEnTErMargaret roberts Director209.946.7350 [email protected]

Breanne Beseda Assistant Director209.946.7670 [email protected]

Save the date for our Fall 2011 event!Meet the Firms will be hosted on September 22, 2011. Registration will

be available beginning July 1, 2011 – check our website for details.

“It’s critical to us that we keep the Clorox brand alive as the employer of choice among college grads. Participating in Meet the Firms, mock interviews, and panel presentations has been instrumental in helping us do that.” David Green, BUS ’82, Director, Tax Administration, The Clorox Company

More online at:http://go.pacific.edu/mba

concentrations•entrepreneurship•Finance•Healthcare Management•Marketing•sport Management

Eberhardt MBA Start Here.Lead Anywhere.

The 16-month

“The Mba program allowed me to participate in numerous experiential learning opportunities not offered by other programs, such as studying abroad, the student investment fund, and the entrepreneurs showcase. These enabled me to apply my skills in real business settings.”

Melissa McGhee BSBA ’09, MBA ’10Buyer/Production Planner, Esterline Engineered Materials

Programs•Accelerated 16-month MBA• JD/MBA•PharmD/MBA•Peace Corps/MBA

3601 Pacific AvenueStockton, California 95211

The Eberhardt School of Business has joined cyber social networks in hopes of reaching a broader range of today’s tech-savvy youth as well as keeping in touch with our alumni. These networks bridge continents – linking us to people all over the world and thereby attracting an international group of scholars to our programs. To stay connected and help us broadcast our message of the “Eberhardt Difference,” visit the “Alumni” section of our website at www.pacific.edu/business. Click on “Stay Connected” and you will find direct links to join us on LinkedIn, Facebook or Twitter.

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