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Archives for: February 2006


MARKET WIRE - PRESS RELEASE, 2/1/2006
Golden Appoints New CFO
BORIS SVETLICHNY (MSIA 1992) has been appointed to Senior Vice President, Chief Financial Officer (CFO) and Treasurer of Golden Telecom, Inc. in Moscow. "Golden Telecom has excellent growth potential, as well as a strong reputation for corporate governance, and I am looking forward to making my own contribution to the further development of Golden Telecom in Russia and the CIS," he said.

RICHMOND TIMES-DISPATCH, 2/1/2006
Sendek leaves fans wanting more Coach's good record isn't good enough for some Pack backers
HERB SENDEK (BS 1985), coach of the North Carolina State basketball team, is quoted in this article his career as he coaches his 312th game. Ask Sendek about his lack of universal acceptance, and he smiles, nods and replies in quiet and measured tones you might associate with a branch-bank manager. "By people at this school and by many wonderful Wolfpack fans, I have been embraced. Clearly by some others, I have not. Has it upset me at times? Sure, it has. But one of the fruits of experiencing it is you hope to develop a better mastery of it - although I'm not saying it's easy or always done well," he said.

FORTUNE SMALL BUSINESS, 2/1/2006
Letter to the Editor: "Brain Drain"
A former patient of ERNEST BRAXTON (MBA 2007) and DANIEL MCCHESNEY's (MBA 2005) submitted a letter of congratulation to NeuroLife, which placed second among five finalists in Fortune Small Business magazine's Student Showdown, a national business plan competition for B-school students.

BLOOMBERG.COM, 2/2/2006
IMF Faces Deficit, Doubts on Role as Brazil, Argentina Pay Debt
As countries continue with renewed motivation to repay their debts to the IMF (International Monetary Fund) sees a drop in revenue, and may have to re-evaluate its global economic strategies. ``This should force the fund to ask what they are doing and what they should be doing,'' said ALLAN MELTZER, the Allan H. Meltzer University Professor of Political Economy,``If it is just business as usual, the fund will be becoming less relevant.''

PITTSBURGH POST-GAZETTE , 2/5/2006
The market has spoken: Stocks advance best whenever Pittsburgh plays in the Super Bowl
A. MICHAEL ADAMS (MSIA 1967), a Seattle financial advisor, is quoted in discussion of the how team's appearances in a Super Bowl, whether or not they win, have traditionally triggered an uptick in local markets: "Michael Adams says he'd be happy with the 14 percent return that, statistically at least, can be expected if his Seahawks win. "But if we get a 22 percent gain and the Seahawks lose, it's a win-win situation," says this former Pittsburgh resident.

AME INFO (QATAR), 2/6/2006
GOIC and Carnegie Mellon University Announce Partnership
A memorandum of understanding was recently signed between the Gulf Organization for Industrial Consulting (GOIC) and Carnegie Mellon University covering collaboration and joint activities in fields of mutual interest. THOMAS EMERSON, Director, Donald H. Jones Center for Entrepreneurship; David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship, and Dr. Ahmed Khalil Al-Mutawa, Secretary General of GOIC, sealed this agreement, a first initiative of which will be for Carnegie Mellon to design a gulf-oriented entrepreneurship program. In serving the GOIC with such a program, Carnegie Mellon will be better positioned to make strategic connections with the entrepreneurial community surrounding its branch campus in Doha, Qatar.

AEI (AMERICAN ENTERPRISE INSTITUTE) ONLINE, 2/6/2006
Forgive the World Bank but Don't Forget: Debt Relief Should Fund a Turnaround in Development Aid
ADAM LERRICK, The Friends of Allan H. Meltzer Chair in Economics; Director of The Gailliot Center for Public Policy, is the author of this article, which mentions the Meltzer Commission, chaired by ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy. The Meltzer Commission recommended that the World Bank should give grants instead of loans to the world's poorest countries. However, this idea is under attack by those who suggest that supplying grants, and thereby dispelling the expectation of repayment, would only make funds more inadequate to relieve the extensive needs of underprivileged nations.

BLOOMBERG, 2/10/2006
Greenspan, the `Free Agent,' Deals in Currency of His Own Words
Alan Greespan, no longer the chairman of the Federal Reserve Board, is now free to put a price on his knowledgeable financial advice. "He's a free agent now," said Fed Historian ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy.

PITTSBURGH BUSINESS TIMES, 2/10/2006
Based on bond ratings, Harrah's best bet to land city's casino license
This article on the competition of three companies to get the rights to Pittsburgh's first slots casino license, points out that all three companies have financial debt: "Just because a company is highly leveraged doesn't mean that it is a poorly managed company," said BRYAN ROUTLEDGE, Associate Professor of Finance.

PITTSBURGH POST-GAZETTE, 2/13/2006
Students offer help
"This is not only a chance to see firsthand the kind of problems that need to be addressed around the country but to do something about it," said NUVEEN MARWAH, a fifth-year Tepper undergraduate majoring in business administration, international relations, and Spanish, who created Alternative Break, a community service program which sent a group of Carnegie Mellon students to aid victims of hurricane Katrina in January.

THE MOTLEY FOOL, 2/13/2006
Extreme Retirement Makeover: What does it take to go from $83 in savings to having more than $150,000 in the retirement kitty in less than two years? The financial equivalent to stomach-stapling and tag-team liposuction? Nope. It's a retirement regimen we can all follow.
The research of ROBERT DAMMON, Professor of Financial Economics and CHESTER SPATT, Mellon Bank Professor of Finance; Director, Center for Financial Markets (On Assignment AY 2004-2006 - Chief Economist, Securities and Exchange Commission), which indicates that smart account allocation can add as much as 15% to your after-tax wealth, is cited in this article.

BUSINESSWEEK ONLINE , 2/13/2006
Is Verizon A Network Hog? It wants to devote most of its capacity to its own traffic, to Net companies' dismay
MARVIN SIRBU, professor of Engineering and Public Policy for the Tepper School of Business and Electrical and Computer Engineering, is quoted in this article about Verizon and other large cable companies setting aside as much as 80% of their network for their own programming, leaving just 20% for content that they do not own. This equivalent of highway "toll booths and express lanes" could change the equal-opportunity nature of the internet. Many are up in arms as these corporate initiatives are reviewed by congress.

THE NEW YORKER, 2/13/2006
Overcompensating
After a new SEC ruling which requires the public divulgement of CEO salaries, investors will be able to make more informed decisions about which stocks to buy. Research co-authored by YANIV GRINSTEIN (PHD 2000, MSIA 1997) indicates that, between 1993 and 2003, the top five executives at 1500 companies in the U.S. were paid $350 billion. Although inflated CEO salaries would seem to reflect larger workloads, they often have the opposite effect by encouraging underperformance in favor of personal gain.

INVESTOR'S BUSINESS DAILY, 2/14/2006
Bernanke Starting Tenure At Fed With Broad Policy Unity
After two recent appointments to the Federal Reserve board, expert ALLAN MELTZER, The Allan H. Meltzer University Professor of Political Economy, comments on a trend in Federal Reserve Board leadership: "Including these two appointments, we've moved away from people who were specialists in macroeconomics to specialists in banking and financial markets... They agree that the way to get to low unemployment and (strong) growth is through low inflation."

WEBWIRE - PRESS RELEASE, 2/15/2006
Carnegie Mellon Researchers To Unveil Recommendations for Nation's Crisis Readiness
JAY APT, Executive Director of Carnegie Mellon Electricity Industry Center, Associate Research Professor, Distinguished Service Professor in Engineering and Public Policy, will present at the Crisis Readiness Conference on February 28th in the Hart Senate Office Building in Washington, D.C.. The event, organized by Carnegie Mellon University's Heinz School of Public Policy and Management Professor Granger Morgan, will focus on how the nation can better protect essential systems against natural disasters and terrorist attacks.

ENVIRONMENTAL SCIENCE AND TECHNOLOGY, 2/16/2006
Analyzing the idea no one talks about
LESTER LAVE, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center and JOULE A. BERGERSON (CIT PHD 2005) co-authored this paper, which has gained recognition as the top environmental policy paper of 2005 by the Environmental Science & Engineering Journal, which centered on using life-cycle analysis to evaluate how to best transport coal to the sites where it is used to produce energy.

NATIONAL PUBLIC RADIO, 2/20/2006
Barton Biggs Shines a Light on Hedge Funds
MADHAV DHAR (MSIA 1984) is quoted in this story about his partner Barton Briggs, who left a successful career at Morgan Stanley to start a hedge fund and has now published a book about the business entitled 'HedgeHoggers.' Briggs likes the intellectual challenge of running a fund, said Dhar: "He lives and breathes this stuff. He always has, ever since I've known him."

PR NEWSWIRE - PRESS RELEASE, 2/21/2006
Liberty Media's TruePosition Attracts Top International Executive Talent to Boost Operations in Location-Based Services: E-911 and LBS Pioneer Appoints Homaira Akbari as Executive Vice President of Operations
HOMAIRA AKBARI (MSIA 1996) has been appointed the Executive Vice President of Operations for TruePosition. and an Officer of the Company. Ms. Akbari will oversee TruePosition's product development, field operations, customer support and services, and supply chain management.

PITTSBURGH POST-GAZETTE, 2/21/2006
5 Carnegie Mellon professors honored by national academy
EGON BALAS, University Professor of Industrial Administration and Applied Mathematics, The Thomas Lord Professor of Operations Research, has been elected to the prestigious National Academy of Engineering for his work in operations research related to the scheduling and planning of industrial facilities.

THE CHRISTIAN SCIENCE MONITOR, 2/22/2006
Strife deepens over port security: From lawmakers to mayors, concerns are rising over a deal with an Arab port-management firm.
LESTER LAVE, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center, is quoted in this article, which discusses the fear that arose when Dubai Ports World acquired the Peninsular and Oriental Steam Navigation Co. (P&O)--because it means that the company, owned by the United Arab Emerirates, would control many of America's most improtant sea ports. "What we're seeing is a very unfortunate knee-jerk reaction in terms of the Muslim world," cautions LESTER LAVE, noting the United Arab Emirates is a key US ally in the Muslim world. "If you treat your strong allies this way - this is like a poke in the eye - then what in the world should people who are not our strong allies expect from us?"

ASCRIBE - PRESS RELEASE, 2/22/2006
Study: Movie Critics Speak Even When They Don't Utter a Word Research finds that many film critics, faced with far too many movies to write about, tend to avoid writing reviews of bad films they’ve seen
PETER BOATWRIGHT, Assistant Professor of Marketing, co-authored a study that offers insight into decoding the behavior of film critics and could help identify more clearly which films are truly well-done. The authors suggest that the methodology of the research could be applied to any other discipline where a group of experts critique similar products or services.

PRNEWSWIRE - PRESS RELEASE, 2/22/2006
PLSG Invests $100,000 in NeuroLife to Develop Noninvasive Technology to Monitor Brain Pressure
ENEST BRAXTON (MBA 2007) and DANIEL MCCHESNEY (MBA 2005) are quoted in this release about the recent investment of the Pittsburgh Life Sciences Greenhouse in their company, NeuroLife, which is developing a noninvasive device to accurately monitor brain pressure.

THE DUQUESNE DUKE, 2/23/2006
Slots Attract Older Crowd
JEREMY ASTOR (BSBA 2007) is quoted in this article about the impact that the presence of slot machines could have on the city: "I don't think it would be a good addition to Pittsburgh," he said. "Although it would bring in money, I think the social costs and consequences would outweigh any economic gain."

PITTSBURGH POST-GAZETTE, 2/24/2006
Experts say many resumes contain fibs, some big, some small
DON MOORE, Associate Professor of Organizational Behavior & Theory, is quoted in this article about why people lie to get ahead, despite the risks: "People at all levels of our society do things they hope will advance their cause, get them the things they want, the job they want, get people to like them, get them more money...They convince themselves that: 'Everyone is cheating, and if I don't, how am I going to win? If all the body builders are taking steroids and you don't, it will be tough.'"

THEREALITYCHECK.ORG, 2/24/2006
Left-wing GrapeNuts: Instead of more mush from wimpy Peanut Carter, another left-wing icon offers a solid proposal to chew on
Carnegie-Mellon professor THOMAS EMERSON, Director, Donald H. Jones Center for Entrepreneurship; David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship, alerted the grateful author of this article to Tony Blankley's editorial piece on soon-to-be published "Preemption, A Knife That Cuts Both Ways" by Alan Dershowitz.

PITTSBURGH POST-GAZETTE, 2/26/2006
Obituary: Thomas M. Kerr Jr. / Retired CMU teacher, lawyer long active in ACLU, other liberal causes May 10, 1919 - Feb. 25, 2006
THOMAS KERR, Associate Professor of Law and Industrial Administration Emeritus, who taught for almost 37 years at the Tepper School and Carnegie Mellon before his retirement, has passed away. He was called "Mr. Civil Liberties" at a 1995 dinner at Chatham Center for his decades of service to the American Civil Liberties Union.

THE FINANCIAL EXPRESS, 2/26/2006
A fine balancing act: Kinetic Engineering’s Sulajja Firodia Motwani gears up to juggle her new role as MD and family responsibilities
SULAJJA FIRODIA MOTWANI (MSIA 1992) will be the sole managing director of Kinetic Engineering beginning in May 2006. This working mother shared how she balances work and family life: "[It] requires conscious effort and you can never be perfect especially if your job involves travel, stress and long hours. I manage only because it is my own choice to do both and I love both— being a mom and being a professional. When the desire comes from within, you find ways. I never spend time cribbing or being negative. Being positive and thankful for what you have is a great way to find strength to fight the battles of life.”

MARKET WIRE - PRESS RELEASE , 2/27/2006
Cincom Announces Winners of Collegiate Business Plan Competition Grand Prize Winner Receives $10,000 and Chance to Compete at MOOT CORP MBA(R) Competition
Tepper MBA students ERNEST BRAXTON (MBA 2007) and ADAM LICHTL (MBA 2005, MS 2003), along with faculty advisor THOMAS HAJDUK, Director, Center for Business Communication; Associate Teaching Professor of Business Management Communication, won the Best Technology Award and the 1st Runner-Up Championship Round Award at the Cincom competition, winning them a total of $4,500 for their business plan on noninvasive neurosurgical technology.

KDKA RADIO 1020 AM, 2/28/2006
Lying on Resumes
DON MOORE, Associate Professor of Organizational Behavior & Theory, was interviewed regarding the issues surrounding dishonesty on resumes, which he discussed in the article originally published in the PITTSBURGH POST-GAZETTE on February 24, 2006.

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