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For copies of articles in their entirety, please contact Barbara Donehue at 412-268-9885.

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Archives for: September 2004

BUSINESS 2.0 MAGAZINE , 9/1/2004
An Insider's Guide to America's Top Business Schools
The Tepper School of Business at Carnegie Mellon is featured in this Insider’s Guide of the 25 b-schools with the highest average GMAT scores. Since students know the most about the personality of their schools, they were asked to describe them to help applicants find the right fit for their MBA education. According to students, the Tepper School is a good match for “techies” and “quant jocks.” The school’s analytical reputation came through, as the students seem “hard-wired” for analytical approaches. Another asset students commented on was the excellence in the faculty.

To MBA or not to MBA: That is the Question.
In light of recent controversy over the value of an MBA, seven "Top MBA'ed Execs,” including alumnus David Tepper, were asked to rate their experiences. Tepper notes that when he attended Carnegie Mellon’s business school, professors were teaching cutting-edge theories in finance, theories so new that there weren’t even textbooks to use. Dean Kenneth Dunn is mentioned as one of the influential faculty members. A formula for business success, according to Tepper, is a broad undergraduate experience, a few years of professional experience, then an MBA.

Motorists submitting to high gas prices
Lester Lave, the Harry B. and James H. Higgins Professor of Economics, University Professor and co-director of the Carnegie Mellon Electricity Industry Center, is quoted in this article about the rising price of gasoline. Many Americans are not happy about the price hikes but are still filling up their vehicles to get to and from their usual stops. "Gasoline is still really cheap," said Lave, noting that prices would have to rise to about three dollars a gallon to really deter consumers.

BBC NEWS , 9/10/2004
Making sleep a profitable business
Alumnus Arshad Chowdhury (MBA 2003) and Metronaps, the company he founded, are featured in this article. Metronaps rents napping pods to busy New Yorkers who want to catch up on sleep with power naps. "Metronaps is the first place in the US where people can come and take a midday power nap. It keeps busy executives alert and functioning at their best during the day,” said Chowdhury. Chowdhury notes that his next move is to market napping pods to airports.

Claiming Victory: Publishing company adds revenue, staff, possible new publication
Alumnus Christopher Hale (MSIA 2000), general manager of sales and marketing at Victory Media Inc., is quoted in this article. Victory Media currently publishes G.I. Jobs and Veterans Business Journal and is speculated to be acquiring a new publication. "It's in the early stages, but it fits what our goal is operationally," said Hale.

Why doesn't Cazenove choose to stay independent?
Alumnus David Tepper is mentioned in this article about the declining value of Cazenove and the company's future. The writer comments on how the top hedge fund managers, David Tepper included, could buy the Cazenove with their earnings.

CRM BUYER , 9/12/2004
John Deere Uses Software To Fix Inventory Problem
This article quotes Sridhar Tayur, Ford Distinguised Research Chair Professor of Operations Management and Manufacturing. When John Deere needed a more efficient way of doing business, it turned to SmartOps, a company created by Tayur. Through this collaboration, John Deere was able to increase on-time delivery from 63 to 92 percent and 90 percent of its dollar goal for inventory reduction.

Wireless broadband connection coming to Perryopolis
This article features the work of Carnegie Mellon’s Center for Appalachian Network Access. Through this initiative, students from the Tepper School of Business have been helping rural areas attain a wireless broadband Internet connection that isn’t readily available. The first connection was established in Glenville, West Virginia, and now students are working in Fayette County.

To Impress Investors, Be Specific About Potential Customers Think Small, Name Names
In this 31st article in a series, Frank Demmler, associate teaching professor of entrepreneurship, addresses the core of entrepreneurship—risk versus reward. Demmler suggests that new entrepreneurs should stay away from capturing small portions of large markets and, instead, focus on developing a niche within a market segment: “To get big, you have to think small.” Demmler says that this approach will help entrepreneurs prepare a detailed plan that they can execute and one that investors will expect to see.

CMU gets huge gift
Suhil Wadhwani (MSIA 1976), chief executive officer of iGate Corp. and a Carnegie Mellon University trustee, is mentioned in this article about the $20 million gift from the Bill and Melinda Gates Foundation to the School of Computer Science. Wadhwani said that this endowment shows the confidence Gates has in the university’s impact on the cyber world and its future.

YARDLEY NEWS (PA, 9/18/2004
Marazza fills unexpired term on Yardley Borough Council
This article announces that alumnus A.J. Marazza (MSIA 1997) has been elected to the Yardley Borough Council in Pennsylvania. A resident of the borough for two years, Marazza works for a wholly owned subsidiary of PNC Bank. "I'm looking forward to learning from the residents of the borough and the other council members as well as using my background, opinion and experience to serve the borough,” said Marazza.

Editorial: Asides
An editorial on the Bill and Melinda Gates Foundation donation to Carnegie Mellon also mentioned the naming gift by alumnus David A. Tepper. Tepper’s record gift of $55 million resulted in the re-naming of the business school to the Tepper School of Business at Carnegie Mellon.

If You're Educating Your Customer, You're Not Selling
This article by Frank Demmler, associate teaching professor of entrepreneurship, gives “Tips for Generating Sales Revenue Quickly.” Demmler said that an important first step for entrepreneurs is to capture the essence of their business in just one sentence, an exercise he calls the Declarative Imperative. “Doing one thing that customers will immediately value is better than doing several things that complicates the message to your potential customers,” advises Demmler.

BUSINESSWEEK , 9/20/2004
Fed Up -- And Fighting Back
Alumna Dina Dublon (MSIA 1979) is mentioned in this article about the struggles of women on Wall Street. Dublon’s position as CFO at JP Morgan Chase & Company is one where she can have an impact on increasing the number of women in the company and improving conditions.

GABBEGROUP, 9/21/2004
News Report: The Princeton Review's Best 143 Business Schools
This article explores students’ opinions of the Tepper School of Business. Students report that the school’s interdisciplinary focus facilitates "opportunities to start technology-related companies with cross-campus collaboration." The coursework for the first year is described as “very, very intense.” The professors also racked up high marks with their “cutting edge research” that is brought into classrooms, and because they are "engaging and accessible outside of class.”

Business Schools: Recruiters’ Top Picks
The David A. Tepper School of Business at Carnegie Mellon University was ranked #2 in North American business schools in the fourth annual Wall Street Journal/Harris Interactive survey of corporate recruiters.

Page R1
The fourth annual Wall Street Journal/Harris Interactive survey of corporate recruiters has produced three No. 1-ranked M.B.A. programs. The Tepper School of Business at Carnegie Mellon was ranked second in the "National" schools category, a group of schools that share the same corporate recruiters from national and multinational companies. Methodology changes have helped the WSJ find a more accurate way of measuring business schools by looking at how recruiters feel about the schools and the students.

J.P. Morgan Finance Chief to Step Down
This article reports changes in upper management at J.P. Morgan Chase & Co. Alumna Dina Dublon (MSIA 1979), a 23-year veteran of the bank, is stepping down as chief financial officer, noting that the decision to leave was her own. Alumnus David Coulter (BS 1971, MSIA 1971) will relocate to Los Angeles and become chairman for the west coast to continue his management of the company’s private-equity business.

MSN MONEY , 9/22/2004
Nap time returns, for a price
Arshad Chowdhury (MBA 2003) and MetroNaps, the company he founded that sells naps in napping pods, are featured in this article. "I thought about a lot of my colleagues falling asleep during the day, and people would even sneak off to the bathrooms and take a nap. And that's when I realized MetroNaps is perfect for New York," said Chowdhury. Chowdhury also mentions that he researched his idea while attending business school at Carnegie Mellon University.

Dollars for Dictators
Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics and director of The Gailliot Center for Public Policy, is quoted in this article about the International Monetary Fund’s (IMF) proposed foreign aid expansion. Lerrick notes that since the United States funds a large portion of the IMF’s budget, this increase would directly impact taxpayers. Currently, $330 million tax dollars a year are allotted for the IMF, but the number could rise to $750 million if Congress passes the request to expand the budget for “special drawing rights” (SDRs), receipts that are exchanged for real money.

J.P. Morgan Loses a Veteran
Alumna Dina Dublon (MSIA 1979), CFO at J.P. Morgan Chase, announced that she will be leaving her position at the end of the year. "It was a difficult decision, but I feel it's the right thing," said Dublon. For her career future, Dublon said that she hasn’t ruled out “running her own show.”

Congress group objects to IMF loan report
Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics and director of The Gailliot Center for Public Policy, is mentioned in this article. A study Lerrick conducted reported that the International Monetary Fund (IMF) is considering increasing funding to Iran, Syria, Sudan and Venezuela. The vice chairman of the congressional Joint Economic Committee said he supports foreign aid but not through this proposal from the IMF.

CMU, Pitt MBA programs lauded
This article mentions the Tepper School's ranking in the Wall Street Journal/Harris Interactive survey and quotes Dean Ken Dunn. "The Journal's ranking is an impressive reflection of how highly regarded our students are by corporate recruiters,” said Dunn.

THIS IS LONDON (UK) , 9/26/2004
Business section - Rebels in new bid to thwart BE
This article explains the conflict between British Energy and Polygon, a United States hedge fund. Alumnus David Tepper is mentioned because his Appaloosa investment company did well trading in British Energy stocks earlier this year.

Paycheck politics - In ailing Ohio, job creation is a key issue
This article explores the differences in the economic policies of John Kerry and President Bush. Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy, is quoted. ‘‘One candidate believes in market solutions and private choice, and the other believes in command and control. If that were effective, the Russians would be rich today, and we’d be poor," said Meltzer.

Credit Cards Common Boot-Strapping Technique: One Entrepreneur Activated 125 Cards to Fund His Startup
When Frank Demmler, associate teaching professor of entrepreneurship, ran into Rich Ekstrom, CEO of Demegen, Inc., he was reminded of a funding tool his series of articles hasn’t covered yet—credit cards. “You are going to have to supply the initial funding to your company, by whatever means possible, and that almost always requires some degree of personal debt,” said Demmler. However, he cautions entrepreneurs to maintain some financial stability by keeping their jobs as long as possible and continuing to make the minimum payments on outstanding debt.

Campus Briefing: Tepper School lifts GMAT average
This article announces that the Tepper School of Business raised its average GMAT score to an all-time high of 691 with the incoming class of MBA students. The benefits of a small MBA class are also mentioned because the school is able to “concentrate on a student body with exceptional academic and professional credentials.”

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