The George Washington University

School of Business: GWSB News

May 09, 2008

Campus Stock Trading Competition Produces Market Wizards

From left to right: Dean Susan M. Phillips, Grand Prize Winner Jordan Evert, and Dean Linda A. Donnels, Associate Vice President SASS and Dean of Students

GWSB and the George Washington Housing Programs co-sponsored a student stock trading competition during the spring semester. The competition, which was open to all undergraduate and graduate students, ran from February 21 to April 18 and had more than 200 students compete for various prizes.

Each student was given $500,000 in “play money” to invest in any stock traded on the major U.S. exchanges, with margin and short-selling allowed over the eight-week period. The purpose of the competition was to provide a fun format to teach students about the markets and investing and utilize the Capital Markets Trading Room at the School. Philip Budwick, director of the Capital Markets Trading Room, held trading workshops for the students.

The Grand Prize winner of Southwest Airline tickets was GWSB senior Jordan Evert who finished with $620,136.43, for an amazing return of 24.03 percent. Second place, was awarded to graduate student Nitant Sharma who finished with $618,889.65 and an impressive return of 23.78 percent. Senior Matt Gotilla won third place, with $606,591.00 and a return of 21.32 percent.

This was the first such competition held at GW, due to its success, it will be held every semester. Organizers also plan to hold more trading workshops in the Capital Market Trading Room. GWSB is currently looking for sponsors of future prizes or competition costs to bring in even more students and provide a truly unique stock market education. For more information please contact Philip Budwick at budwick@gwu.edu.

GWSB and Taiwan Partnership

Hung-wen Chien, Taiwan Financial Services Roundtable Chairman and Donald Lehman, GWU Executive VP Academic Affairs

The George Washington University School of Business signed a “Letter of Intent for Collaboration” with the Taiwan Financial Services Roundtable (TFSR). Collaboration will include both representative exchanges and information exchanges.

TFSR will invite a GWSB scholar to Taiwan annually, and will send a representative to GW for research and consultation. In addition, TFSR and GW will provide each other with information regarding various programs and relevant political and economic developments.

To initiate the exchange, TFSR has already made a donation of books and other media to the Taiwan Resource Center in Gelman Library. The collection will be housed in the Global and Entrepreneurial Finance Research Institute (GEFRI) at the School of Business.

GW Gets its First Campus “Green Roof”

GWSB M.B.A. student Brett Kaplan, helped secure funding for GW’s first-ever campus green roof. Kaplan, the former vice president of GW Net Impact environmental initiatives says the project will be beneficial to many.

“This project is important to GW because it a major step forward in terms of enhancing the school’s sustainability profile. Aside from the environmental benefits, the green roof is designed to stand as a visual symbol of GW’s commitment to sustainability. The roof is meant to be a stepping stone for other green campus initiatives. If students, for instance, see that it’s possible to get this particular initiative passed, they will feel like their own campus greening ideas can also be brought to life,” said Kaplan.

The George Washington University’s Net Impact chapter received final approval and funding to proceed with the campus‘ green roof. The Net Impact “Green Roof Pilot Project” will be installed at the Elliott School of International Affairs City View Room Terrace this summer. The location was chosen because it is a high profile space that offers unparalleled accessibility and visibility.

The green roof will be approximately 2,000 square feet and is designed to provide a conspicuous demonstration of GW’s commitment to sustainability and to create top-of-mind awareness for students, faculty, and alumni. It has several environmental benefits including storm water run-off reduction, potential energy savings, and to provide habitat for insects and birds. The green roof will also have an educational component by offering academic research opportunities to students.

The project also has a marketing component to it. “Prospective students today are interested in schools that are focused on issues related to environmentalism and sustainability. Now that we will have a green roof, GW can point to it as a very clear example of what they are doing to enhance their environmental programs and reputation,” added Kaplan.

The green roof is estimated to cost $25,000. GW will provide approximately 70 percent of the funding for the project. Grants, including support from the GW Student Association, comprises 30 percent of the total.

Net Impact is a major graduate school club concerned with sustainability and social responsibility initiatives.

M.B.A. Students Give Back to Local Community

GWSB M.B.A. students help clean up Washington, D.C. school

Nearly 50 School of Business M.B.A. students traded in their books and pens for paintbrushes and gardening tools to help spruce up a Washington, D.C. junior high school. The group spent Saturday, April 26 at Jefferson Junior High School refurbishing playground equipment, removing graffiti and trash, painting, and sprucing up the grounds.

The project was part of “TeamMBA Week,” an initiative by the Graduate Management Admission Council (GMAC)—sponsor of the GMAT exam—to encourage and support social responsibility and community engagement by graduate business schools and their students.

“My ultimate goal was to provide an opportunity for the people who are going to school here to give back to the local community. We spend most of our time in class and can forget that we are also part of the community,” said Andrea D’Amore, GW-MBA Association.

Groups from more than 20 universities around the country participated in “TeamMBA Week.” The projects included cleaning up a park in Rochester, N.Y, refurbishing homes for the needy in Charlottesville, Va., and helping to restore ancient temples in Honolulu.

The GW team also raised more than $700 in scholarship money for needy Washington area high school students. To learn more about “TeamMBA” visit www.gmac.com/teammba.

Students from GWSB Advanced Advertising Class

Students in GWSB Professor of Marketing Lynda Maddox’s advanced advertising class won the “American Advertising Federation(AAF) District 2B National Student Advertising Competition.” The students developed a marketing campaign for AIM’s (AOL’s instant messenger service) new social networking suite of products.

The campaign focused on 18-to-24-year-olds and used tongue-in-cheek humor to show why certain conversations are “Best Said on AIM.” Judges from AOL/AIM and

major New York advertising and marketing firms said the campaign was very creative, and they liked the student’s strong viral strategy.

The National Student Advertising competition, sponsored by AAF, is the largest advertising competition in the U.S. Over 200 teams compete nationwide. Maddox and the GW team are traveling to Atlanta to compete nationally at the AAF’s annual conference in June. Ten years ago, Maddox’s team won nationally, “I think this year’s team has a good chance of bringing the trophy back to GW,” said Maddox.

Winning Ad

Student Wins Travel Grant to Thailand

GWSB senior Michael Marangell won a grant that allowed him to take part in an alternative spring break global community service project in Thailand. The Global Leadership and Service Project grant was provided by Florida International University’s (FIU) College of Business Administration’s undergraduate international business program.

Marangell along with 49 other students from around the world, traveled to Thailand during spring break to work on “The Global Leadership and Service Project Bangkok 2008.” The goal of the project is to expose students to the reverse side of globalization.

Marangell worked at a local nursery in the Klung Toey neighborhood. He played with children, fed them, and ensured that they were bathed twice daily.

“We forget in the United States how fortunate we are, there are people who don’t have luxuries like drinking water and plumbing,” said Marangell. “I learned that there are so many people who have been left behind by globalization and gained the understanding that it’s not a matter of their governments taking care of them, but people realizing that the benefits we enjoy are derived from the struggles of others.”

Each year FIU presents two travel grants to non-FIU undergraduate international business students who have excellent academic and community-service records and have shown a commitment to community service.

Marangell, a senior international business and sociology major, is also a 2008 GWSB Dean’s Scholar researching the socio-economic impact that Zipcar is having on lower income communities in Washington, D.C.

GW Student Competition to Reward Entrepreneurship and Enterprise

Healthcare entrepreneur Richard Scott and Annette Scott have provided a $300,000 gift to fund the Annette and Richard Scott Business Plan Competition at GW. The purpose of the program is to encourage creative enterprise and the development of marketable ventures among GW students looking to create a business or develop a new initiative. The first competition will be held during the 2008-2009 academic year and will be managed by the GWSB’s Center for Entrepreneurial Excellence. Awards will include $20,000 to help fund the winning business plan.

“Speaking from experience, I know how difficult it can be to finance a start-up company," said Richard Scott, founder, chairman, and CEO of Richard L. Scott Investments, LLC. Scott is also co-founder and chairman of Solantic, LLC, an operator of urgent care centers in Florida. “Ann and I are pleased to have the opportunity, through this competition, to award critical seed money to jumpstart new business ventures.“

The two-round competition will include the submission of a written business plan and a presentation to a panel of investors and business executives, who will judge the competition. Participants in the competition, which will be open to all GW undergraduate and graduate students, will be given the opportunity to network with and learn from the judges. Awards will be based on the written and oral presentations, as well the viability of the proposed company.

John Rollins, GWSB professor of entrepreneurship, will direct the competition. A serial entrepreneur for more than 30 years before making the leap to academia in 2000, Rollins is looking forward to encouraging the creative talents of the university’s budding student entrepreneurs.

“The award package that Ann and Rick Scott are providing is a wonderful incentive, particularly for those whose financial means would make it difficult to start and build a business," said Rollins. “Rick, whose father was a truck driver and whose mother ironed clothes to help make ends meet, knows full well how challenging and fulfilling entrepreneurship can be, and we appreciate what he and Ann are doing for our students.“

For more information about the Scott Business Plan Competition, contact John Rollins at jrollins@gwu.edu.

Angel Investing Mini-Workshop

GWSB, the GW School of Engineering and Applied Science, Angel Investors of Greater Washington, and the Council of Entrepreneurial Transfer and Commercialization (CET2C) will host a mini-work shop on Angel Investing. The workshops will be led by active angel investors, serial entrepreneurs, regional venture capitalists, and private equity experts. Area start-up companies will make presentations about their new businesses.

When:
Thursday, May 22, 2008
3:00 p.m. - 9:00 p.m. (mini-workshops, presentations, and reception)

Where:
Elliott School of International Affairs; City View Room, 7th Floor,
1957 E Street, N.W.; Washington, D.C.

Cost: Free
RSVP: To Helen Wirka by at gwsbadva@gwu.edu or call 202-994-8157

Diaspora Roundtable

The GW Diaspora Research Program is hosting, “How Diasporas Can Affect Development Policy: Transatlantic Perspectives.”

Panelists include:
Fantu Cheru, The Nordic Africa Institute, Sweden
Chukwu-Emeka Chikezie, Africa Foundation for Development (AFFORD), UK
Thomas DeBass, U.S. Agency for International Development (USAID), USA
Leila Rispens-Noel, OxfamNovib, the Netherlands

The roundtable will be moderated by Jennifer Brinkerhoff, GWU associate professor of public administration, international business, and international affairs. The panel of worldwide experts will discuss how diasporas can leverage their political capital to influence development policies; the impediments and challenges associated with diaspora incorporation into the policymaking process; and current national models for diaspora participation in development policy.

When: Thursday, May 15, 2008, 6:00-8:00 p.m.

Where: Harry Harding Auditorium Room 213
1957 E. Street NW (Elliott School of International Affairs building); Washington, D.C.

Cost: Free and open to the public
RSVP: ciber@gwu.edu

Funding for the event has also been provided by the GW University Diaspora Research Seminar Series, the Elliott School for International Affairs, and the GW-Center for International Business Education and Research (GW-CIBER). To learn more about the GW Diaspora Program visit the web site.

Getting to Know: Donita Vann

Title: Special Events Coordinator

Job Duties: Assist with the coordination and planning of all GWSB events and special meetings.

Years at GW: 11.5

Best part of working for the GWSB: I love the students!

Favorite place on campus: Foggy Bottom Metro Station (my ride home)

What co-workers don’t know about me: When I turn 50 (next year), my life-long dream is become a foster parent for as many children as possible. I also design and create my own fashions and jewelry. My clothing lines are, “Donita Vann Originals” and “Philly Gurl” (www.phillygurl.com).

Family: My two sons, Damon (23) and Ramon (22). I also have five sisters and three brothers (we grew up in a very close-knit family).

Favorite things to do on the weekends: Play “Scrabble” with my sons, sew, and listen to jazz.

Favorite Book: “The Five Chinese Brothers” (from first grade). Everyone should have a copy.

Favorite vacation spots: HOME.

Presentations

Ernie Englander, associate professor of strategic management and public policy, presented, “The Business Roundtable and Corporate Governance,” at the Business History Conference in Sacramento Calif.

Robert Weiner, professor of international business, presented, “Fuel’s Paradise? Forecasting Lessons From Oil Markets,” at the International Monetary Fund workshop on Non-Fuel Commodity Price Forecasting, in Washington, D.C.

Publications

William C. Handorf, professor of finance, published, “Presidential Service in the Military,” in Purple Heart Magazine (March/April 2008), and “Financial Market Signals, Credit Risk and the U.S. Economy,” in a Brazilian journal focusing on credit risk called Financeiro. (March/April 2008).

Sanjay Jain, assistant professor of decision sciences, published, “Components of an Incident Management Simulation and Gaming Framework and Related Developments” in the journal, SIMULATION, Vol. 84, No. 1, pp. 3-25. The paper was co-authored with Charles McLean of the National Institute of Standards and Technology.

Getting Ink

Susan M. Phillips, dean and professor of finance, was quoted in The International Economy article, “The Next Great Global Currency TIE asked some the world’s key experts: “Ten yeas from now what will be the next great global currency?” Dean Phillips, commented, “Although the U.S. economy is challenged in the short run, I believe its resilience will be evident in the long run and the dollar will ultimately reflect that strength. Finally, there are a lot of dollars in circulation around the world, backed by the good faith and credit of the U.S. government and its economy—maybe not a good short-term bet, but definitely a good long-term bet.” (Spring 2008)

Phillips was also interviewed by Bloomberg television about the Fed and economic outlook, her interview was even seen by a viewer in Bangkok, Thialand. (4/30)

Susan Aaronson, adjunct professor of strategic management and public policy, wrote, “Marrying Trade and Human Rights,” the article appeared in Policy Innovations, Asia Times, and Atlantic Community. The article was about the relation between human rights and trade. Aaronson wrote, “With careful deliberation, trade and human rights can be made coherent. Trade should not be wed to human rights simply because it provides a way for citizens of one country to express their displeasure over the human rights practices of other countries. Instead, if policymakers carefully assess the human rights impact of their trade policy choices, they may create an enduring and effective match, and not just a marriage of convenience.” (4/23)

Aaronson was also interviewed by the BBC, about U.S. companies investing in former conflict zones.

Richard Green, professor of real estate finance and director of the GW Center for Real Estate and Urban Analysis, was quoted in the Washington Post article, “Buyer’s Guide: Is a Plunging Market Best for Buyers?” Green’s comments were about buying versus renting, “If you can own without it costing much more than renting on a cash flow basis, it is a smart thing for first-time buyers to do. If not, you should wait.”

Robert Weiner, professor of international business, was interviewed by WTTG-TV and BBC News about the causes and effects of high oil prices.

Class Notes

Laurie Sedita Baker, M.B.A., ’91, was promoted to vice president of fund management with Camden Property Trust, and will be responsible for raising and managing Camden’s first Value Add Fund, a discretionary investment vehicle to make direct and indirect investments in multi-family real estate throughout the country. lbaker@camdenliving.com

Brian Forst, PhD, ’93, has received the American University School of Public Affairs Distinguished Scholar Award for 2008. His book, Errors of Justice: Nature, Sources and Remedies (Cambridge University Press), received the “Book of the Year Award for 2006 ” by the Academy of Criminal Justice Sciences. The Cambridge University Press is scheduled to release his new book, Terrorism, Crime, and Public Policy, in the fall of 2008.

Jamie Sweeting, M.T.A.,’04, has been named vice president of Environmental Stewardship by Royal Caribbean Cruises Ltd. In his position, which is new to the company, Sweeting will be responsible for establishing the company’s long-term environmental strategy, including goals and objectives that ensure responsible corporate environmental performance. These objectives will incorporate factors such as climate change, destination stewardship, current and future environmental regulations and agreements, and programs that lead to sound environmental policy, compliance, incident response and training.

We want to hear from you!

If you have information for the newsletter, news, or items to post on the GWSB Web site or events calendar, please send them to: gwsbcomm@gwu.edu.