Building The Isenberg Advantage Building The Isenberg Advantage

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The Isenberg Advantage: Highlights of the Year Career Fairs Highlight Isenberg School’s Commitment to Students and Employers During the 2007/2008 academic year, three Isenberg School career fairs attracted more than 1,600 students and over160 companies to the UMass Amherst campus. In October, the Isenberg School’s annual Career Day hosted 93 companies at the Mullins Center. Coordinated by the School’s Chase Career Center, which has recruiting relationships with 300 employers, the event attracted 1,100 students with resumes in hand.. Two weeks earlier, the Chase Center hosted its first recruitment fair for regional public accounting firms—i.e., accounting firms outside the “Big Four.” Held in the Isenberg School’s atrium, the fair attracted 27 firms and several hundred students. “The event represents a new, more agile strategy Career fair in the Isenberg atrium. at the Chase Career Center,” emphasized its executive director, Nic Wegman. “In addition to sponsoring school-wide events like Career Day, we are taking a more segmented approach with recruiters by developing other fairs with specific academic departments and industries.” Hospitality in Action. In March, the Department of Hospitality and Tourism Management’s (HTM) annual Career Day attracted 48 recruiting companies and over 400 students. It featured two events: a recruiting fair in the Campus Center Auditorium and a reception for recruiters and alumni in the new $6.3 million Marriott Center for Hospitality Management. “Both events were run by students, with guidance from department chair Rod Warnick and his staff. The events had a professionalism beyond all expectations,” observed Wegman. “I think we demonstrated the value of customer service [i.e., to the recruiters] and how to achieve it,” remarked student coordinator Kelly Nussdorfer ’08. “Understanding how to treat customers correctly is a hallmark of the hospitality industry, but it has value for every industry, every business.” The Hospitality career fair attracted 48 recruiting companies. FDIC Chairman Sheila Bair Returns to the Isenberg School In February, Sheila Bair, the Isenberg School professor who has served as chairman of the U.S. Federal Deposit Insurance Corporation since July 2006, returned to campus as featured speaker in the School’s Finance Seminar. Bair is on leave from the School as its Professor of Financial Regulatory Policy. Since moving to Washington, Dr. Bair has become a central figure in policy discussions focusing on the nation’s subprime mortgage crisis. Last year’s 1.7 million foreclosures in the U.S. dwarfed the 600,000 or so that we’ve come to expect, Bair told her audience of 60 academics and finance industry practitioners. Much of the tragedy, she continued, stems from the housing market’s abrupt decline combined with the groundswell of subprime mortgages issued from 2002 through 2006 and into 2007. Mortgage-makers/lenders—servicers contracted by nonbank mortgage companies—were key enablers of the subprime mortgage mess, observed Bair. Many of them overmarketed subprime mortgages and obscured their potentially onerous costs. Many relaxed housing loan criteria. Policy makers and regulators, emphasized Bair, were also to blame. “Everyone had relied uncritically on historical data that mortgages were safe and would rise indefinitely,” she observed. “It’s amazing to me that nobody asked about the consequences of an overappreciated mortgage market. Everybody was asleep at the switch. “In the short run there are no good options, but compassion for duped investors and their neighborhoods is preferable to defaults,” Bair insisted. For Bair, the Sheila Bair long-term is another matter: “We need to establish new, uniform rules for the subprime mortgage markets,” she continued. Restoring confidence to the system is critical, she emphasized, because home ownership is essential to America’s social and economic fabric. x6
Alumni Departmental Events Emphasize Student and Alumni Accomplishments The Isenberg School’s accounting, sport management, and marketing departments each drew enthusiastic groups of alumni to their own departmental events. Accounting Department’s 35th Annual Recognition Banquet. “There’s never been a better time to graduate with an accounting degree,” Accounting Alumnus of the Year Jason Janoff ’93 told an appreciative audience of 300 at the Department of Accounting’s annual banquet in April. “Isenberg School graduates are valued throughout the profession,” continued Janoff, who is an audit partner with Ernst & Young’s New England retail consumer products practice. “They bring intangibles to their firms like an outstanding work ethic and an ability to take charge of work challenges and their careers,” added Janoff, who is also his firm’s partner in charge of campus recruiting Jason Janoff ’93 and related diversity initiatives in New England. In addition to Janoff’s honor, 44 students received scholarships and other awards for outstanding achievements. Janoff and fellow Ernst & Young partner Jaime Pereira ’76 presented the Isenberg School and the accounting department with a $500,000 check from the Ernst & Young Foundation that will promote student diversity at the Isenberg School. Four-fifths of the gift will provide direct scholarship support to students. And the audience learned that the campaign to create a $1.5 million endowed professorship— the department’s first—in honor of Professor Richard Simpson was approaching the $1 million mark. Sport Management Alumni Reunion Weekend. In November, sport management alumni returned to Amherst for the first annual Sport Management Alumni Reunion Weekend. Highlights of the gathering included presentation of the department’s annual Harold J. VanderZwagg Distinguished Alumnus Award, two industry-focused workshops, and dedication of a faculty office in honor of former faculty member Bill Sutton. Established by the department in 1993, the annual VanderZwagg award recognizes two graduates each year for their outstanding achievement in the sports industry and for their dedication to the Isenberg School’s sport management program. This year’s honorees were John Wentzell ’84 M.S., president since 2005 of TD BankNorth Garden in Boston, and Amy Scheer ’86, vice president of marketing and communications with the WNBA’s New York Liberty. The faculty office dedicated in honor of Dr. Sutton was a gift from former faculty member Bernie Mullin and alumni Ted Dalton ’98 M.S., Kelly Stone ’98 John Wentzell ’84 M.S., Lisa Masteralexis, and Amy Scheer ’86 M.S., and Jim Paquette ’94. Dr. Sutton received high praise for his judicious and generous career advice to students and graduates and his vigilance in steering them to new job opportunities. Marketing Alumni Event. “Location, location, location,” exulted Isenberg School marketing professor Marc Weinberger. “We held our alumni networking event on April 3rd at the Naismith Basketball Hall of Fame in Springfield—at the same time that the UMass Men’s basketball team was battling with Ohio State for the NIT championship. That’s the sort of tie-in that marketers dream of. “We owe a great deal to the Hall’s CEO and president—our graduate John Doleva ’82—for hosting the event,” Professor Weinberger continued. “John offered the Hall to us a year ago. It was an ideal setting and the department’s first event in Springfield. Attended by 50 alumni and department faculty members, most guests hailed from Western Massachusetts and Connecticut, but a number came from Eastern Massachusetts, one all the way from Cape Cod. “It drew a number of alumni who said that they had never before been to a marketing department event,” Professor Weinberger remarked. Marketing gala at the Basketball Hall of Fame. Dean Butterfield and Hall CEO John Doleva ’82 (inset). 7
Page 1 and 2: University of Massachusetts Amherst
Page 3 and 4: Investing in The Isenberg Advantage
Page 5 and 6: The Isenberg Advantage: Highlights
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Page 11 and 12: The Isenberg Advantage: Exceptional
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Page 15 and 16: Ph.D. Student Examines Shifting Ide
Page 17 and 18: New Head Appointed for Hospitality
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Page 21 and 22: A Year of Progress in Alumni Suppor
Page 23 and 24: Robert C. Albrecht ’60 + David V.
Page 25 and 26: Gerard D. Daly ’83 Joan Daly ’8
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Page 29 and 30: Joseph Floyd ’83 “Without quest
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Page 33 and 34: Michael Tyburski & Nanci Tyburski M
Page 35 and 36: MATCHING ORGANIZATIONS Accenture Ae

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