HSB ReviewSaint Joseph’s University Erivan K. Haub School of Business

Outside Warren Buffett’s o

ffice

Friday • Viernes • Vendredi • Frietag

Business

students spend

a day with

Warren Buffett

page 4 Dinner with Warren Buffett at Piccolo’s

Christi and Buffett

Spring 2010

Share the Experience . . . Enjoy the Wealth

Graduates of Saint Joseph’s University’s Professional MBA Program are so pleased with their experiencethat they would welcome the chance to refer a friend, family member or colleague. With that in mind,the Graduate Business Office has developed a new incentive program for students and alumni who refera friend to enroll in the Professional MBA.

Through the Spring 2011 applicationperiod, you will receive an exclusive,limited-edition Saint Joseph’s Universityhooded sweatshirt for every student thatyou refer who enrolls in Professional MBAcourses at Saint Joseph’s*. You should referyour friend, family member or colleagueby filling out the referral form at

www.sju.edu/mba/referral.

If you or your referral would like information about the Professional MBA,we invite you to visit our website atwww.sju.edu/mba for more information.You may also request a copy of our newprogram brochure by visiting our website or calling 610-660-1690.

* Please contact the Graduate Business Office atsjumba@sju.edu or visit our referral website atwww.sju.edu/mba/referral for all program details.

Some benefits of an SJU ProfessionalMBA Degree include:n The Association to Advance Collegiate

Schools of Business (AACSB) recently announced that the Erivan K. Haub School of Business met all of its reaccreditation requirements. Additionally, AACSB found theHaub School’s Accounting Department to beeligible for reaccreditation.

n The Aspen Institute’s, Beyond Grey Pinstripes (a biennial survey of B. Schools) ranked its Top 100 Business Schools. The Haub School was ranked 12th in the world as incorporatingEthics into business courses consistently.

n The Princeton Review’s “Best 301 BusinessSchools” included the Haub School of Business.

n U.S.News & World Report ranked the Haub Schoolas among the top 23 part-time MBA programs in the nation and No. 1 part-time MBA Programs inPhiladelphia for 2010.

Spring 2010 | 3

Letter fromthe Dean

DeanJoseph A. DiAngelo Jr., Ed.D. ’70

Associate Dean, Academic AffairsStephen Porth, Ph.D. ’80

Associate DeanPatrick O’Brien

Assistant DeanVana Zervanos ’07 (MBA)

Accounting, ChairJoseph Ragan

Decision and Systems Sciences, ChairRichard Herschel, Ph.D.

Finance, ChairKaren Hogan, Ph.D.

Food Marketing, ChairJohn Stanton, Ph.D.

Management, ChairClaire Simmers, Ph.D.

Marketing, ChairJohn Lord, Ph.D.

Pharmaceutical Marketing, ChairThani Jambulingam, Ph.D.

Pedro Arrupe Center for Business Ethics,Director, John McCall, Ph.D.

Advising Center, DirectorBruce Bidinger, S.J.

Professional Practice, DirectorTodd Krug, Ph.D.

Graduate Programs, DirectorAdele Foley ’61 (MBA ’82)

Executive MBA, Pharmaceutical Marketing MBA,Director, Terese Waldron

Food Marketing M.S., Director Christine Hartman

International Marketing, DirectorChristine Kaczmar-Russo ’83

Business Intelligence M.S.,Human Resource Management M.S.,Director, Patricia Rafferty

Academy of Risk Management andInsurance, Executive DirectorDavid Benglian (MBA ’92)

Academy of Food MarketingExecutive DirectorRobert Higgins

Erivan K. HaubSchool of BusinessBoard of Visitors 2009-2010*

ChairmanJoseph J. McLaughlin, Jr. ’81Chairman and CEOThe Haverford Trust Company

Paul Beninger ’04 Vice PresidentGenzyme Corporation

Robert Bowman ’81Regional Managing DirectorMerrill Lynch

Earl BoydMarketing ConsultantThe Prime Group

Patrick BurkePrincipal, Vanguard Group

Anthony Carfagno ’60 President Pharmaceutical Quality Institute

Kathie CarrFirst Vice PresidentCB Richard Ellis, Inc.

Vincent J. Costantini ’78 Managing Partner, The Roseview Group

A. Bruce Crawley ’67Milennium 3 Management

Richard Devine ’82 The Asian Bank

Gerianne Tringali DiPianoPresident and CEOFemmePharma Global Healthcare, Inc.

Marlene S. Dooner ’83 Vice President, Comcast Corporation

Robert Falese ’69 Chair, TD Bank – Retired

Sharon Gallagher ’85 Director, IBM Global Services

John Griffin ’78President, Zeke Capital Advisors, LLC

Timothy J. Maguire ’88Senior Executive Vice PresidentKarr Barth Associates

Joseph Mahoney ’76 Executive Vice President Greater Philadelphia Chamber of Commerce

Albert G. Pastino ’64 Managing DirectorKildare Capital

Joanna SavvidesPresident, Transworld Ventures, LLC

John Smithson ’68Interim Senior Vice PresidentSaint Joseph’s University

Sean Sweeney M.B.A. ’94Executive Vice PresidentPhiladelphia Insurance Companies

David Tierno ’63Managing Director – RetiredErnst & Young Worldwide

David L. Toner Jr. ’83Senior Vice PresidentCarver Federal Savings Bank

Richard Welsh ’62Senior Vice PresidentWachovia Securities, LLC

*The Haub School Dean, Associate Deans,Faculty Chairs, and Directors listed aboveare also members of the Haub School ofBusiness Board of Visitors ex officio.

Directors and Board of Visitors 2009-2010The economic recession has taughtworld leaders valuable lessons.Among those pearls of wisdom is alesson espoused by the Jesuits forhundreds of years. Fiscal strength isfleeting if success is gained through

unethical business practices and a disregard for the commongood. At the Erivan K. Haub School of Business and sisterbusiness schools, students are educated with a focus onbusiness ethics, strong analytical skills, technical competence,and social responsibility. During a time when people’s liveshave taken new paths due to economic hardship and uncertainty,we are called to do more for our communities. The imperativeto support others is something that exists in co-curricularopportunities within the Haub School. Students are challengedto extend themselves in light of what is just and compassionate.

This issue of HSB Review presents businessman and philan-thropist Warren Buffett, whose standard of generosity exceedsone’s sense of doing good works for others. From Buffett’sbusiness decisions to his dedication to sustainable living, he hasraised the bar for living a virtuous life. The group of under-graduate business students who flew to Omaha to meetAmerica’s favorite billionaire attest to his commitmentto personal and professional integrity.

In this issue, you will read how the ingenuity of food marketingstudents has helped to feed Philadelphia’s hungry in a moredignified and resourceful way. In the spring of 2009,Philabundance, the region’s largest hunger relief organization,solicited the help of Saint Joseph’s food marketing departmentto develop a food service model that better met the needs of thecity’s hungry. You will learn more about the students’ solutionto this challenge in the following pages.

This April, we are humbled to honor the entire Erivan K. HaubFamily at the 20th Annual Hall of Fame dinner. Since 1988, theHaub family has supported business education at SaintJoseph’s; the family’s generosity has given the Haub Schoolaccess to resources for dramatic improvements to the businesscurriculum as well as physical expansion. It is appropriate thatthe Haub School recognizes its namesake during this time ofsignificant growth at the University.

It cannot be overstated that the future success of ourbusiness leaders will not only be based on what makes goodbusiness sense, but what will be just and socially responsible.

HSB ReviewEditorCarolyn Steigleman

Managing EditorHarriet Goodheart

DesignCarol McLaughlin ’80

PhotographyMelissa Kelly

ContributorsCarolyn SteiglemanThomas Clark ’10Rachel Mattos ’10

They wear designer suits and Rolex watches andnever have a minute to spare, because, after all,

time is money. That’s what billionaire investors aresupposed to be like, right? Well, not Warren Buffett,whom a group of 27 Erivan K. Haub School ofBusiness (HSB) undergraduate students met with for aunique question-and-answer session in March 2009.

“He was much more down-to-earth thanpeople who don’t have that kind of money,” saysChristopher Savino ’10 after the meeting withBuffett, one of the most sought after financialminds in the world, at the offices of Buffett’sBerkshire Hathaway Inc. in Omaha, Neb.“His shoes were scuffed and his jacket was alittle wrinkled. He looked and acted like anormal person,” hardly what you’d expectfrom the second richest man in the world,according to Forbes.

The meeting came just months afterthe October 2008 stock market collapse,at a time when the students were facedwith the harsh reality of an increasinglycompetitive job market upon graduating.

With his own bits of wisdom and advice, Buffettencouraged his listeners to look for opportunity inspite of the recession.

“It’s hard to stay positive with all of theconstant negative news my classmates and I hear inthe media,” Savino says. “Despite the depressingeconomic news, Buffett reassured our group thatwe’re living in a better society than ever before.What was also particularly uplifting to hear is thathe believes there are plenty of career opportunitiesfor college graduates, as long as we’re willing totake some risks.”

“Mr. Buffett stressed the fact that, like mostthings, the economy goes through cycles and thatthis recession will eventually come to an end,” saysfinance major Timothy Ringelstein ’10. “One thinghe is famous for stating is that ‘one should bescared when people are greedy, and be greedy whenpeople are scared.’ This time is no exception to thisrule as recessions create many opportunities. Henoted the fact that young people should be excitedthat so many opportunities are available to us andthat he was jealous he was not in our place.”

Undergraduates talk dollars and sense with American’s favorite billionaire

Amy Lipton, Ph.D.,with Buffett

Jack Cavana

ugh '11

with Buffett

Meeting with

Warren Buffet

at Berksh

ire

Hathaway!

Marketing q

uiz

Thursday

Philosophy

paper

due March 30

Business Students Spend a DayWith Warren Buffett

4 | HSB REVIEW

Friday • Viernes • Vendredi • Frietag

Pictured left to right: Christopher Savino ’10, Patrick Prin ’11,

Kartik Reddy ’11, Warren Buffett, Zachary Leahan ’09, Christi Coreces ’09

Spring 2010 | 5

While the rest of his classmates traveled as a group throughPhiladelphia International Airport, Ringelstein faced a morecomplicated road to Omaha that temporarily put his studyabroad trip on hold.

“When I found out I was chosen to go to Omaha and visitWarren Buffett, I was ecstatic. Then I found out that the tripwas taking place in March, which came as a disappointmentto me because in January, I was leaving for Rome to studyabroad for the spring semester,” Ringelstein says. “Afterdiscussing it with my parents, we decided the opportunity wastoo great to pass up and arranged for me to fly home for thetrip. This was a chance of a lifetime to meet the greatestinvestor of our time and I could not imagine missing it.”

The unique opportunity for Savino, Ringelstein andtheir classmates to meet the world famous financierand philanthropist was arranged by HSB Hall of FameRecipient Thomas Nerney, ’96 (MBA). Nerney is chairman,president and chief executive officer of United States LiabilityInsurance Group, a wholly owned subsidiary of Buffett’sBerkshire Hathaway.

“We are indebted to Tom for facilitating thisvisit between members of the Haub Schoolcommunity and Buffett,” says HSB Dean JosephDiAngelo Jr., Ed.D. ’70. “Our students will carrythe lessons they’ve learned with them throughouttheir professional careers.”

The experience was not lost on the professorswho made the trip, however. For Amy Lipton,Ph.D., an assistant professor of finance whoaccompanied the group, it was rewarding toobserve her students absorbing Buffett’s advice.

“It was wonderful to see our students soengaged throughout the trip,” says Lipton, whospent years managing multi-million dollaraccounts on Wall Street prior to coming toSaint Joseph’s. “Listening to Buffett’s insightsinto business, investing and life in general wasa great privilege.”

But it wasn’t just Buffett who impressedthe Saint Joseph’s professors in attendance.

The insightful questions students posed to Buffett were alsoof note, says Rajneesh Sharma, Ph.D., an assistant professorof finance.

“I was impressed with the quality of questions theyasked,” Sharma says. “Our students raised the issue of hischaritable giving, which showed me that they were thinkingbeyond economics and stock markets and looking to him asinspiration for his charity and generosity.”

In the past, Buffett has pledged 85 percent of his totalwealth to charity, and in 2006 made the single-largest charitabledonation in history, approximately $37 billion worth of hiscompany’s stock, to Bill Gates’ Gates Foundation.

“That says a lot about the effect Jesuit education has hadon [the students], that asking about that would even occur tothem,” Sharma says.

After fielding their questions, Buffett attended a briefluncheon with the group, where he was able to interact withthem on a more personal level.

“I was amazed at the amount of time he took out of hisbusy schedule to meet, shake hands and take pictures witheveryone individually,” Sharma says. “He seemed to show a

genuine interest in the students.”“Not only did he take

pictures with us but healso posed for each onedifferently, allowing somestudents to hold his wallet orhis keys,” Ringelstein adds.“He appeared to truly enjoytalking to young professionalsand share as much knowledgeas possible.”

As the students prepare toenter the business world,Buffett’s advice will continue toresonate in their minds.

“He told each of us to pursueour own passions, wherever theylie,” Savino says.

SJU students attend Q & A session with Buffett.

Therese Salvucci '11 with Buffett

“. . . [Buffett] is famous for

saying that one should be scared

when people are greedy, and

be greedy when people are scared.

. . . He noted the fact that young

people should be excited that so

many opportunities are available

to us and that he was jealous he

was not in our place.”

6 | HSB REVIEW

Stephen Starr, owner of Starr Restaurants, one of the fastest-growing restaurant companies in the United States, was

honored with Saint Joseph’s University’s American MarketingAssociation’s Marketer of the Year Award on Thursday, Oct. 8.

Starr’s restaurants include Buddakan, The Continental,Pod and Morimoto, among others, with locations inPhiladelphia, New York City and Atlantic City. During theluncheon and general meeting, Starr accepted his award andsubsequently held a question and answer session with theUniversity’s future marketing professionals.

The Marketer of the Year award was presented as part ofSaint Joseph’s American Marketing Association’s (AMA)celebration of Marketing Week. Every year during the first fullweek of October, collegiate chapters of AMA celebrate

marketing and business with events designed to buildcommunity and give valuable insight into the business world.

“The goal of Marketing Week is to provide fun, interestingand informative programs that will hopefully encouragestudents to meet new people in the marketing industry andexpand their network to include people who could potentiallyhelp them find internship or job opportunities,” says LisaTarantino ’10, president of Saint Joseph’s AMA.

Saint Joseph’s AMA chapter has won awards in fund-raising, professional development, community service andmembership at the Collegiate Conference over the past severalyears. Most recently, they were awarded OutstandingOrganization and named one of the top 15 collegiate chaptersin the U.S.

The accounting department at Saint Joseph’s University isdeveloping a program which will give students a leading

edge on a major change occurring soon within the accountingindustry. The shift, from Generally Accepted AccountingPrinciples (GAAP) to International Financial ReportingStandards (IFRS), requires a new set of skills. With the aid ofa grant from PricewaterhouseCoopers (PWC), the accountingdepartment, along with student STAR scholars, has beenworking on developing new curriculum which should beready for implementation in the 2010 fall semester.

The $50,000 grant was awarded in 2008 as part ofthe IFRS Ready Grant Program, an initiative that assists theaccounting industry in preparing for the switch, which mayoccur as soon as 2014. The change to IFRS will affect nearlyevery aspect of accounting from reporting to valuation.PWC, whose employees include many SJU alumni, hopesthat the programs developed from their grants will helpprepare students to enter the job market fully trained in thenew guidelines.

The award allotted a two-year time period to developprograms before implementation. SJU professors and studentsare in their second year of developing tools such as simulatedtransactions and practice sets. Next fall these materials willbe ready for use in the Financial Accounting InformationSystems I, II and III courses. They will also be shared withother schools through PWC.

Joseph Ragan, chair and professor of accounting,recognizes the importance of keeping the curriculum at SJUup-to-date with changes in the industry. “The transition fromteaching U.S. GAAP to teaching IFRS is one that must bemade so that our students are not only able to appreciate thetransition, but also to develop skill sets enabling them tocompete in even entry-level positions,” Ragan says. “Thequicker this transition is made educationally, the moresignificantly competitive our students will be in terms ofprofessional accounting positions.”

SJU is one of 24 schools around the country receivinggrants from PWC.

Grant Keeps Accounting Department One Step Ahead

Stephen Starr Recognized with Marketerof the Year Award Starr with AMA students

EAT MORIMOTO CHIC LOUNGE PODCOOL NIGHT SEE BUDDAKAN DINES T Y L I S H N E W Y O R K C I T Y G R E A TT A N G E R I N E C O C K TA I L H O T E L V E ZB A R C O N T I N E N T A L P H I L A D E L P H I AA L M A D E C U B A M O D E R N P A R CJONES COMFOR T DRINK CULTUREG R A N D C U I S I N E B U T C H E R & S I N G E R

S T A R R R E S T A U R A N T S

Accomplished ResearcherNamed Food MarketingEndowed Chair

Neil Hooker, Ph.D., anaccomplished academic,

is Saint Joseph’s University’snew C.J. McNutt Chair.Hooker’s work with govern-ment agencies, including theU.S. Food and Drug Admin-istration, the U.S. Departmentof Agriculture and the UK’sFood Standards Agency,among others, has harvestedresearch ranging from organicmarketing strategies to foodsafety claims and recalls.

Hooker, who comes toSaint Joseph’s directly from theOhio State University where he was an associate professor ofagricultural, environmental and development economics, islooking forward to new opportunities within the Erivan K.Haub School of Business’ Department of Food Marketing.

“To be part of a department that focuses specifically onfood marketing is a refreshing change,” says Hooker. “I’menthusiastic about the opportunity to interact more withindustry and also delve more deeply into particular foodmarketing topics and issues.”

As the C.J. McNutt Chair, Hooker will teach anundergraduate food marketing communication course inaddition to an EMBA course on fair trade. He also plans tocollaborate with other food marketing faculty on an arrayof research projects.

“As a proficient researcher, Neal offers a dynamicperspective for students,” says Joseph A. DiAngelo Jr.Ed.D. ’70, dean of the Haub School. “His agency andacademic experience will give our students access toresources they may not have otherwise known.”

The C.J. McNutt Chair was established in 1984 by theCampbell Soup Company in honor of former CampbellSoup President James McNutt’s retirement. The endow-ment supports a position that recognizes a career distinguishedby individual excellence and high achievement in the foodindustry. The Chair activities include teaching and lecturesin various degree and non-degree programs, research andbusiness networking.

Hooker

ERIK PETERSON

Senior Vice President of CSIS, William A. Schreyer Chair in Global Analysis

SEVEN REVOLUTIONS is a project led by Erik Peterson, who hasbrought this dynamic presentation tointernational governments, privatecorporations and local boardrooms.

n Populationn Resource Management & Environmental Stewardshipn Technological Innovation and Diffusionn Development and Dissemination of Information and Knowledgen Economic Integrationn The Nature and Mode of Conflictn The Challenge of Governance

While marketers claim the latestproduct on the market as“revolutionary,” the moresubstantial revolutions occur in

politics, economics and culture. The digital age, the equalrights revolution, the sustainability era have shaped theworld in remarkable ways. As we close the chapter onanother decade, the question on everyone’s mind is:What’s next?

Saint Joseph’s Erivan K. Haub School of Business invitesyou to attend a presentation led by the Global StrategyInstitute at the Center for Strategic International Studiesfor a discussion on the challenges that business leadersand policymakers will face out to the year 2025.

HSB InvitesD.C. Think Tankto Share Ideason FutureRevolutions

Spring 2010 | 7

On March 23, Erik Peterson will bring SEVEN REVOLUTIONS to Saint Joseph’s.

This event is free and open to the public.

Visit www.sju.edu/7revolutions for more informationand to register online. Seating is limited.

Gain insight into the seven areas that will experience radical change in the future:

Thanks to the hard work of SaintJoseph’s University students and

faculty, a new Community Food Center(CFC) is giving Philadelphia’s hungryaccess to food in a non-traditional way.

In November 2009, the CFC openedits doors in the basement of the LillianMarrero Branch of the Philadelphia FreeLibrary at 601 W. Lehigh Ave. Due to thegreat need in this neighborhood, 1,100families have already registered with theCFC which distributes about 20,000pounds of perishable and non-perishablefood weekly, including fresh produce,bread, dairy products and meats.

The concept behind the CFC wasdeveloped by a class of food marketingmajors within the Erivan K. HaubSchool of Business.

In the spring of 2009, Phila-bundance, the region’s largest hungerrelief organization, solicited the help ofSaint Joseph’s food marketing depart-ment to develop a food service modelthat better met the needs of the city’shungry. The class of undergraduatestudents responded by developing arealistic, practical solution: the CFC.

Studies have shown that the currentcommunity food model, the pantry line,isn’t sufficiently meeting the needs of

Philadelphia’s hungry. According toPhilabundance, there are currently307,000 people at risk of hunger inPhiladelphia. Demand for emergencyfood assistance has dramaticallyincreased in the city, while supply hasdecreased. And according to a recentcensus, Philadelphia’s poverty rate is“roughly double” the national figure.

To improve the pantry system,Martin Meloche, Ph.D., associate profes-sor of food marketing at Saint Joseph’s,and William Clark, president andexecutive director of Philabundance,worked with students to create a solution.

The students developed a modelwhere residents in need are able tochoose from available items rather thantake a prepared box or bag of food,which is the pantry line’s current model.A priority for both the University andPhilabundance, according to Meloche,was to develop a concept that “providedthe clientele with access to food in anefficient and dignified manner.” Bothorganizations believe the CFCaccomplishes this objective.

“One of the most important lessonsthat I took away from this project is thatit takes a great deal of persistence andpatience to accomplish such an amazingfeat as the community cupboard,” saysChristy Allen ’09, a participant in the

Spring 2009 class who worked on thefood distribution model. “Additionally,this project gave me a great appreciationnot only for the assistance of volunteers,but also an appreciation for the peoplewho envision and organize necessaryimprovements to our community.”

“The idea behind the University’smission, being a person for others,understanding those in need, having asocial platform, being a person of justice— all of these reflect the Ignatianattitude of Saint Joseph’s,” saysMeloche. “I think the community willbenefit greatly from our efforts.”

“We are pleased to be partneringwith Saint Joseph’s University for helpingus meet the growing demand for foodassistance in Philadelphia,” says Clarkof Philabundance. “This partnershipplants the seed for growth of our choicefood model system as a sustainable andresourceful method of food distributionthat we’d like to see replace the currentfood cupboard system.”

The CFC was made possiblewith support from Saint Joseph’s Centerand Department of Food Marketing,Philabundance and the PhiladelphiaMayor’s Office of Community Service.

For more information, or tovolunteer, contact Meloche atmmeloche@sju.edu or 610-660-1817.

New Food Distribution Model Tackles Hunger in Philadelphia

Community Food Center

8 | HSB REVIEW

Angel Piazza '10 stocks the shelves of theCFC with canned goods in preparationfor the opening.

SJU Earns Re-Accreditation from AACSB

Haub School Recognized for Ethical Leadership

Spring 2010 | 9

The Association to Advance Collegiate Schools of Business(AACSB) has extended accreditation to Saint Joseph’s

University’s Erivan K. Haub School of Business (HSB). Theinternational accrediting agency maintains the school hasfurthered its commitment to ethics, justice and social responsi-bility while managing rapid enrollment growth. The school’sindustry-focused programs also received recognition.

To maintain accreditation a business program mustundergo a rigorous internal review every five years, duringwhich the program must demonstrate its continued commit-ment to standards relating to faculty qualification, strategicmanagement of resources, interactions of faculty andstudents, and commitment to continuous improvementand achievement of learning goals in degree programs. Lessthan five percent of business schools worldwide have earnedthis distinction.

“It takes a great deal of self-evaluation and determinationto earn and maintain AACSB accreditation,” says JerryTrapnell, chief accreditation officer of AACSB International.“Schools not only must meet specific standards of excellence,

but their deans, faculty and staff must make a commitment toongoing improvement to ensure continued delivery of high-quality education to students.”

Since AACSB’s initial review in 2000, the Haub Schoolhas increased enrollment by 70 percent; added a number offull-time tenure faculty to accommodate student growth;introduced seven new graduate programs and severalundergraduate tracks; launched the Pedro Arrupe Center forBusiness Ethics, which engages over 50 percent of HSB tenure-track faculty in research, conferences and other publications;and has established Centers for academic excellence.

“I would like to express my sincere appreciation to theHSB faculty, administrators, students and alumni who havecontributed their talents to the Haub School’s success,” saysJoseph A. DiAngelo Jr., Ed.D. ’70, dean of HSB. “Ourre-accreditation positions us to achieve continued success withour plans for the future.”

Saint Joseph’s achievement will be recognized in April atthe 2010 AACSB International Conference and AnnualMeeting in Anaheim, Calif.

Saint Joseph’s University’s Erivan K.Haub School of Business has been

recognized by a global survey for itsleadership in integrating ethical issuesinto its graduate business curricula.

The Haub School was ranked asone of the Top 100 business schools inthe world by the Aspen Institute’s 2009-10 edition of Beyond Grey Pinstripes, abiennial survey of business schools.

“This recognition is especiallyimportant to the Haub School as itrecognizes our core mission as a Jesuitschool dedicated to the instructionof ethics and social responsibility,”comments Joseph A. DiAngelo Jr. Ed.D.’70, dean of the business school.

“In these challenging economictimes, the general public, not justscholars, are questioning whether theestablished models of business arebroken,” says Rich Leimsider, directorof the Aspen Institute’s Center forBusiness Education. “Beyond GreyPinstripes schools are thoughtfullypursuing new approaches. They arepreparing students who take a moreholistic view of business success, onethat measures financial results as well associal and environmental impacts.”

The Haub School’s success indeveloping business leaders conscious oftheir social responsibility is buoyed bythe University’s Pedro Arrupe Center forBusiness Ethics. Established in 2005,the Arrupe Center works to ensureethics is taught across the curriculum.

“We strive to give our students theconceptual tools to recognize moralhazards, analyze them and avoid ethicalpitfalls,” says Arrupe Center DirectorJohn McCall, Ph.D. “We also hope,however, to assure that our students arenot just exposed to ethical issues butexercise a rigorous ethical analysis ofthose issues. That has been and willcontinue to be a primary strategic focusof the Arrupe Center and the HaubSchool of Business.”

In accordance with this effort, theArrupe Center subsidizes a six-weeksummer program for Haub Schoolfaculty to present their ideas for introduc-ing ethics into their classes. Faculty arealso encouraged to apply for research andcourse development funding, as well ascase writing and professional develop-ment support in this area. The ArrupeCenter’s Graduate Student BusinessEthics paper competition, offered each

fall semester, is an opportunity forstudents to develop their ethicalframework. At the graduate level, NetImpact, a partner of the Arrupe Center,serves as an international network ofMBA students and business leadersstriving to use business for social good.The SJU Net Impact graduate chapter’ssuccess has inspired a Philadelphia-areaprofessional chapter and plans for an SJUundergraduate chapter.

For more information, and thecomplete ranking, included in the AspenInstitute’s 2009-2010 edition of BeyondGrey Pinstripes, visit www.beyond-greypinstripes.org.

10 | HSB REVIEW

Since 1988, the Erivan K. Haub family has supportedbusiness education at Saint Joseph’s University. The

family’s generosity has given Saint Joseph’s access to resourcesfor dramatic improvements to the business curriculum as wellas physical expansion. On Thursday, April 29, Saint Joseph’sErivan K. Haub School of Business (HSB) will express theUniversity’s gratitude to the Haub family by recognizingErivan, Helga, Karl-Erivan, Georg and Christian with the20th annual Hall of Fame award. This is the first timethe Haub School has celebrated a family with this honor.

The annual Hall of Fame award recognizes businessleaders who exemplify the characteristics of excellence theschool of business seeks to foster in its students. As recipientsof this award, the Haub family is acknowledged for theirdedication to the advancement of global communication,international trade, education, historic preservation, andenvironmental protection.

“The Haub family’s generosity has been transforma-tional for Saint Joseph’s,” says University President TimothyR. Lannon, S.J. “The entire Saint Joseph’s communityis deeply grateful to the Haubs for their longtime supportand friendship.”

The most notable change in business education at SaintJoseph’s came in 1997 when the College of Business andAdministration received a gift from the Haub family to namethe school. The Erivan K. Haub School of Business quicklygrew to be the largest undergraduate Jesuit business school inthe United States as well as one of the leading providers ofgraduate business education in Philadelphia.

In 1999, HSB received AACSB accreditation through theexpansion of programs and soon ranked both locally andnationally as a leader in business education. AACSB hasrecently extended accreditation to the Haub School, laudingthe school’s “commitment to ethics, justice and social respon-sibility while experiencing rapid growth.”

“We have experienced dynamic change over the pastdecade, enhancing the Haub School’s reputation as a leaderin quality business education,” says Joseph A. DiAngelo Jr.Ed.D. ’70, dean of HSB. “We are grateful to the Haub family’ssupport and partnership for making this growth possible.”

The annual Hall of Fame Award dinner will take place atthe Marriott Philadelphia Downtown on Thursday, April 29,at 6 p.m. For additional information, contact Mary Finelli at610-660-1645 or mfinelli@sju.edu.

HSB to Recognize Erivan K. Haub Family

The Erivan K. Haub family owns the

Tengelmann Group, one of Germany’s largest

food retailers and A&P, a Montvale, N.J.-based

supermarket chain.

At the helm of the family, Erivan and

Helga have received international recognition

for their achievements. Most recently, Erivan

was chosen as the first recipient of the

International Earth Day Award for his environ-

mental and sustainable development work.

In 2004, he was awarded the Distinguished

Service Cross 1st Class of the Order of Merit of

the Federal Republic of Germany for his work

as an entrepreneur and for engaging himself

in an exceptional way for his fellow-beings,

culture, charity and above all for the protection

of the environment. In recognition of her

economic and philanthropic contributions,

Helga has been awarded the: Medal of Merit,

United Air Force in Europe, Department of the

Air Force; Spirit of Hope Award, U.S.O. World;

Distinguished Public Service Medal, United

States Department of Defense.

ABOUT THE HAUB FAMILY

The international business leaders and philanthropists will receive 20th Annual Hall of Fame Award

Journal/Research HighlightsDavid Allan, Ph.D. ’98 (MBA)associate professor of marketingMarketing Education Review

Richard George, Ph.D. ’67professor of food marketingFood Marketing Institute, Journalof Negro Education

WaQar I. Ghani, Ph.D.associate professor of accountingInternational Journal ofPharmaceuticaland Healthcare Marketing

Neal H. Hooker, Ph.D.CJ McNutt Chair of Food MarketingReview of AgriculturalEconomics, International Journalof Retail and DistributionManagement, Crop Protection,Choices, Food Control

Thani Jambulingam, Ph.D.chair and associate professor of pharmarceutical marketingInternational Journal ofPharmaceuticaland Healthcare Marketing

William McDevitt, J.D.professor of business lawThe Journal of Legal StudiesEducation, Villanova Law Review

Virginia Miori, Ph.D. assistant professor of decision andsystem sciencesManufacturing, Distribution and Transportation in the SupplyChain Advances in Business and Management Forecasting

John Neiva, Ph.D.assistant professor of management Journal of International Businessand Economics, InternationalTransactions in OperationalResearch

Eric Patton, Ph.D.assistant professor of managementJournal of Workplace BehavioralHealth

Stephen Porth, Ph.D. ’80,associate dean of HSB and professor of managementPharmaceutical Executive

Joseph Raganchair and professor of accountingAmerican Journal of BusinessEducation

Carolin D. Schellhorn, Ph.D.assistant professor of financeNorth American Journal ofFinance and Banking Research,Journal of Business andEconomics Research

Rajneesh Sharma, Ph.D.assistant professor of financeTechnical Analysis of Stocks and Commodities, Journal ofInternational Finance andEconomics, International Journalof Pharmaceutical and HealthcareMarketing

W. Richard Sherman, LLM, CPAprofessor of accountingInternational Business andEconomics, Research Journal

Michael Solomon, Ph.D.professor of marketing and director, Center for Consumer ResearchJournal of Advertising Education,Handbook on Brand andExperience Management,Marketing: Real People RealDecisions: 3rd edition (Pearson),Consumer Behaviour: Buying,Having, Being 2nd edition(Pearson), Launch! Advertising andPromotion in Real Time (Flat WorldKnowledge), The Truth about WhatCustomers Want (FT Press)

Tim Swift, Ph.D.assistant professor of managementEncyclopedia of Technology andInnovation Management,Research Policy, Journal ofBusiness Strategy, EuropeanJournal of Scientific Research

Ahmet Tezel, Ph.D.associate professor of financeTechnical Analysis of Stocks and Commodities, Journal of Business& Economics Research, TheBusiness Review, Journal ofPersonal Finance, The ICFAIJournal of Urban Policy

Natalie Wood, Ph.D.assistant professor of marketingand assistant director, Center for Consumer ResearchMarketing Education Review,Journal of Advertising Education,Virtual Social Identity (Sharpe)

Ira Yermish, Ph.D.associate professor of decision andsystem sciencesInternational Journal of Business,Intelligence Research,International Journal ofKnowledge, Management, E-Collaboration: Concepts,Methodologies, Tools and Applications, Annals ofInformation Systems: KnowledgeManagement and OrganizationalLearning Financial ModelingApplications and DataEnvelopment Applications(Emerald)

NewsmakersErivan K. Haub School of Business faculty have contributed their expertise to stories appearingin the following media outlets:

Faculty members whohave been seen andheard in the newsinclude:

American ChronicleArlington Catholic HeraldAssociated PressBankrateBeye NetworkBeyond Grey PinstripesBioPortfolioBusinessWeekChannel NewsAsiaChicago Sun-TimesColumbia MissourianCommercial AppealConde Nast PortfolioConvene MagazineCourier-PostDaily AstorianDVM MagazineExhibitor News NetworkFood Marketing InstituteForbesGeriatric CareGlobe and MailGrocery HeadquartersIndividual.comiSenior Citizens Kansas City infoZineKansas City Star

KYW NewsradioKYW/3CBSLancaster Intelligencer JournalManagement DecisionMarketplaceMedical News TodayMSNBCNational Catholic ReporterNational Petroleum NewsNatural Cures ReportNewsBlazePennsylvania Business CentralPhiladelphia Business JournalPhiladelphia MagazinePioneer PressPR StrategistRadio Maria BoliviaReliable Plant MagazineRiverfront TimesSan Fernando Valley SunSt. Louis Post-DispatchTaipei TimesThe Catholic Standard and TimesThe Charlotte ObserverThe Chief EngineerThe Daily Local NewsThe Mercury

The Money TimesThe MonitorThe New York TimesThe Philadelphia InquirerThe PhoenixThe Produce NewsThe Star PressThe StateThe StreetTimeTimes of the InternetTMC NetTwineUnited Press InternationalUSAgNetU.S. News & World ReportWaukegan News SunWestchester County BusinessJournalWHYYWireless RevolutionWPNY “Talk Tech Radio”WPVI/6ABCYahoo!Yuba NetZamp BioNews

Carolin D. Schellhorn, Ph.D.Christopher Coyne, Ph.D. ’67Claire Simmers, Ph.D.David Allan, Ph.D. ’98 (MBA)David Steingard, Ph.D.Dennis RaibleFerdinand Wirth, Ph.D.George Sillup, Ph.D.João Neiva de Figueiredo, Ph.D.John Lord, Ph.D. ’71John McCall, Ph.D.John Stanton, Ph.D.Joseph Ragan ’69Mark LangMartin Meloche, Ph.D.Michael Solomon, Ph.D.Nancy Childs, Ph.D.Neal Hooker, Ph.D.Neill CrowleyRichard George Ph.D. ’67Richard Herschel, Ph.D.Richard Sherman, Ph.D.Ronald Dufresne, Ph.D.Stephen Porth, Ph.D. ’80Vana Zervanos ’07 (MBA)William J. Byron, S.J.William McDevitt, J.D.William Trombetta Ph.D. ’65

Spring 2010 | 11

HSB CALENDAR OF EVENTSSPRING SEMESTER 2010

NON PROFIT ORGU.S. POSTAGE

PAIDSAINT JOSEPH’SU N I V E R S I T Y

5600 City AvenuePhiladelphia, PA 19131-1395

DEGREES OF EXCELLENCE

UNDERGRADUATEDay Program888-BE-A-HAWK

UNIVERSITY COLLEGEUndergraduate EveningProgram800-776-7572

GRADUATE PROGRAMSMBAExecutive MBABusiness Intelligence M.S.Food Marketing M.S.Financial Services M.S.Human Resource Management M.S.International Marketing M.S.Pharmaceutical Marketing MBA888-SJU-GRAD

Visit the HSB web site at www.sju.edu/hsb/

March11 Annual Food Industry Summit

12 Arrupe Center for Business Ethics/CranaleithEvent “Leading with Integrity in Troubled Times”

16 HSB Faculty Teaching Forum

23 HSB Alumni Chapter Hosts Seven RevolutionsErik Peterson, Center for Strategic and International Studies

25 HSB Faculty Research Forum “Antecedents of Global Brand Attitude: A two country study”

April9 Alpha Iota Delta Induction Ceremony

17 Taste of Hawk Hill

22 HSB Faculty Research Forum “You paid how much for that dotcom stock? A social construction perspective on sensemaking in a changing environment”

29 Hall of Fame Dinner

30 Business Policy Competition

May11 Beta Gamma Sigma Induction Ceremony

15 Commencement