Media Mentions

Philadelphia Business Journal

In an article entitled "Bonuses for Top Universal Health Services Executives Top $5 Million," Ralph Walkling, Ph.D., Stratakis Chair in Corporate Governance and Accountability at Drexel University's LeBow College of Business and Executive Director of the College's Center for Corporate Governance, said he does not believe bonuses should be eliminated altogether. Companies just have to be very careful [that bonuses] don't amount to gifts to executives at the expense of the shareholders, he said. Walking said shifting away from cash bonuses in favor of stock options, a strategy popular in the 1990s, has its own risks of executives trying to manipulate a company's stock price through fraudulent means. Bonuses are an important part of compensation, but they are coming under increasing scrutiny, he said.

Entrepreneur Magazine

Mark Loschiavo, senior executive in residence and executive director of the Baiada Center at Drexel University’s LeBow College of Business, has pin pointed the following four questions as the most important to consider when thinking about a price change. Are you offering something your customers need? If not, you may need to drop prices to get a percentage of the customer’s wallet. During recessions, must-haves almost always trump nice-to-haves.Are you offering an affordable luxury? During a recession, most consumers may still be willing to indulge a little.

Smart Money

If the company’s net income from operations (typically, the bottom line on a company's income statement) is close to zero, the company is operating very close to “break-even,” meaning its expenses are roughly equal to its revenue and little to no profit is being made, says George Tsetsekos, Ph.D., Dean of Drexel University's LeBow College of Business. That puts the company in a precarious situation: Should it lose a big order or experience less demand overall for its products, the resulting drop in revenue could push the company's bottom line into the red. If the net income figure is in brackets that means the company is already losing money. Either way, it's not a good sign.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D. commented on government funding of entrepreneurial ventures as part of the economic stimulus package. She believes part of the package should focus on new ventures since small companies pay 45% of private payroll and have created more than half of the new jobs over the past decade.

The Triangle

The National Organization for Business and Engineering Society, Drexel Smart House and the Drexel Entrepreneur Association held The 21st Century Entrepreneur event to showcase what it takes to become an entrepreneur in today's society."[The event] was to cover an area of entrepreneurship that differs from what students are exposed to in class - to really show the new-world entrepreneur," Zachary Howitt, president of NOBE, said.

The Triangle

BusinessWeek’s 2009 Best Undergraduate Business Schools ranking placed the LeBow College of Business 38th among private colleges and universities in the nation and rated LeBow’s undergraduate programs an ‘A’ for job placement. “We are a very good quality business school and we are at the top of the best worldwide known business schools because there’s only 550 accredited schools, so if you are among 38 then you have a distinguished of education and the college and its programs,” George Tsetsekos, dean of the LeBow College of Business, said.

The Hellenic News of America

PHILADELPHIA (March 9, 2009)-Drexel University LeBow College of Business Dean George Tsetsekos, a native of Naflpion, Greece, will be honored with the American Hellenic Institute’s 2009 Hellenic Heritage Achievement Award for his outstanding achievements and innovative strategies in education. Tsetsekos will receive the award at a celebration on March 14 at the Capital Hilton in Washington D.C. ABC’s George Stephanopoulos, chief Washington correspondent and host of This Week, will serve as master of ceremonies for the celebration .“My colleague and friend George Tsetsekos is highly deserving of this prestigious award,” said Drexel President Constantine Papadakis. “As dean, he has advanced our business college, its programs and curriculum to better prepare graduates for the global business world with a solid education well grounded in leadership and entrepreneurship.”

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis', Ph.D., Business Commentary covered the importance the name of a company plays and the benefits that it brings when branding as well as the importance of trademarks for protection.

E-School News

Erik Poole, director of instructional technology at Drexel University’s LeBow College of Business in Philadelphia, said podcasts have been most useful for adult students who can watch lectures while traveling or working. But just like students who don’t remain focused in the classroom, watching podcasts without taking notes and paying attention will leave students unprepared for quizzes and tests, he said.“The big key is the ability to capture that knowledge and the content from the faculty member,” Poole said. “Technology is just a tool, and it can only really enable students to do better if they utilize it properly. … They still need to put the work in.”

Jewish Exponent

Take me to your leader! Well, that would be David L. Cohen (center), exec VP of Comcast Corp., named Drexel University LeBow College of Business 2008 Business Leader of the Year. Making it their business to fete him are George P. Tsetsekos, Ph.D. (left), R. John Chapel Jr., dean’s chair in leadership, LeBow College of Business; and Drexel prexy Constantine Papadakis, Ph.D.

Middle East Economic Survey

Shawkat Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu. Quantitative easing (QE) is an economic tool that is aimed at getting more out of a tired monetary policy in an interest rate environment that is zero-bound. It primarily targets the quantity of money instead of the interest rate, when the economy is in a 'liquidity trap' - that is, when the interest rate is very low and lowering it further will not stimulate economic activity. In this article, I compare Japanese and American QE in terms of objectives, tools and duration. The Bank of Japan (BOJ) pursed QE in the period 2001-06, while the US Federal Reserve has embarked on QE since September 2008. I will also discuss whether Japan has embarked on QE since October 2008, but using the American model this time, and whether the Fed is undertaking another round of QE to fight deflation.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., covered working from home for her Business Commentary on KYW News Radio. She spoke about the pros and cons, and how to overcome the draw backs that come with working from home such as decreased motivation.

Greek News

Washington, DC-The American Hellenic Institute (AHI) is set to celebrate the accomplishments of a select group of Greek American community finest this year at its 34th Anniversary Hellenic Heritage Achievement and National Public Service Awards Dinner in Washington, D.C. on March 14, 2009, at a gala at the Capital Hilton (1001 16th Street NW). The black-tie event begins with a 5:30 p.m. reception and silent auction, followed by a dinner and awards ceremony starting at 6:30 p.m.

Philadelphia Business Journal

The business model for PhindMe grew out of the partners’ entry into a Lebow College of Business competition. Those who have watched the two in action give PhindMe a good chance of success. “They don’t just have a sense of the product,” said Mark Loschiavo, executive director of the Baiada Center. “They have an understanding of distribution strategies, a sense for how to acquire customers, how to build a business around it.”

University City Review

CityRyde LLC, a public bike sharing consulting firm, was recently named “Green Business of the Year” by Fast Pitch.Owned and operated by three Drexel University entrepreneurs working out of the Laurence A. Baiada Center for Entrepreneurship, CityRyde strives to enable and maximize the environmental, economic, and social benefits of bicycle sharing. Drexel alumni James Perkins and Jason Meinzer and undergraduate business student Timothy Ericson founded CityRyde LLC in November of 2007. The idea for CityRyde was actually generated by Ericson while he was studying abroad in London and was spending a few days in Paris during the launch of the city’s bike-sharing initiative. Innovative and forward-thinking, this start-up truly encompasses the entrepreneurial spirit of the LeBow College of Business.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., spoke to KYW News Radio about Family owned businesses and their ability to respond quickly to external changes despite the perception that they are slower than others.

Business Wire

Laudenslager has been with Mid Penn Bank since 1985 in various capacities, ranging from Director of Training, Vice President and Assistant Comptroller, to his current role of CFO, which he assumed in 1998. He completed the Pennsylvania Bankers Association’s Executive Leadership Certificate in 2007. He holds an M.B.A. from LeBow College of Business at Drexel University and previously attended Bucknell and Penn State Universities. Laudenslager has also conducted international studies at Grenoble Ecole de Management, Grenoble, France and Université de Strasbourg, Strasbourg, France. Laudenslager resides in Harrisburg.

Pittsburgh Post Gazette

"Banks, regardless of whether or not they've gotten federal bailout money, have to recognize that the rules of engagement with the public have changed," said Drexel University marketing professor Elliot Schreiber, who specializes in corporate reputation management.

Metro

Pursuing an MBA requires a significant investment of time and money. Take a businesslike approach to evaluating MBA programs so you'll get the best possible return on your investment ("ROI" in business-speak).

Epoch Times

According to the Associated Press the recent economic numbers released by the Chinese Communist Party (CCP) regime are suspicious. It noted that the slide of China’s economy is far worse than what was at first indicated. Although published Gross Domestic Product (GDP) numbers for the fourth quarter of last year were still growing at a rate of 0 to 1.5 percent, they hide the real economic situation in China.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., spoke to KYW News Radio about how aspects of the Obama administration’s stimulus package may help small businesses and new startups. She also said the stimulus “could be doing more” by temporarily suspending payroll taxes to stimulate business.

The Triangle

The IRS’ Volunteer Income Tax Assistance, which was established at Drexel in 2005, is providing tax assistance at no cost to those in need.“ It gives students an opportunity to give back to the community [and] the IRS is so appreciative,“ faculty adviser for VITA and accounting professor Jane Kaplan said. This year 36 students have signed up to volunteer.

Business Report

Joseph Mason arrived at LSU’s E.J. Ourso College of Business in July as the Hermann Moyse Jr./Louisiana Bankers Association Endowed Chair of Banking in the finance department.Mason has also proved to be popular with national news outlets seeking answers to their questions about the financial crisis. He’s been quoted by Bloomberg, CNN, Christian Science Monitor, Fox Business News, MSNBC and National Public Radio.Mason, who left as an associate professor of finance at Drexel University’s LeBow College of Business in Philadelphia to come to LSU, has addressed the Senate Banking Committee, the House of Representatives Financial Services Committee and the Federal Reserve Board and has advised the Government Accountability Office and Federal Deposit Insurance Corporation.

The Triangle

President Barack Obama warned of the nation entering a deep "crisis" Thursday in an op-ed piece in The Washington Post. This came as nominee to secretary of health and human services, Tom Daschle, withdrew his candidacy due to tax problems, according to a FOX News article.George Tsetsekos, dean of LeBow College of Business, said he and his colleagues were working on addressing the economic stimulus package in classes and lectures and will discuss Congress's stimulus bill when it expected to pass next week.

Philadelphia Business Journal

The Philadelphia Business Journal and Drexel University's LeBow College of Business proudly announce the 2009 CFO of the Year Awards. These awards will be given to financial professionals in the Delaware Valley for outstanding performance in their roles as corporate financial stewards.

MLB.com

Who was the best or most influential executive in the history of “black baseball”? While people can rattle off the best Negro Leagues players and teams, most baseball fans would struggle to list the top executive. So as a tribute to those men and women, MLB.com explores the subject as part of its Black History Month coverage. Resick, who has studied leadership in baseball, saw a combination of factors that played a role in ensuring the viability of those franchises and black leagues. He pointed to work ethic, willingness to sacrifice for the greater good and strong organizational and communication skills as central characteristics of enlightened leadership.

Philadelphia Business Journal

This past summer the Business Journal and LeBow College of Business at Drexel University produced our first “CFO of the Year” program. It was our pleasure to celebrate finalists’ and winners’ achievements, honoring an often under-appreciated member of top management.

The Triangle

Drexel will host Homecoming, a weekend that includes a series of events hosted by the various student organizations, according to Jennifer Kaus, director for Budgets and Administration for Student Life. “We want to make sure students understand this is a student initiative, and administration got behind us a 100 percent,” Ari Winkleman, marketing chair of the Traditions Program and sophomore business major, said.

The Triangle

The Lebow College of Business will launch a Ticker web site next week as an open, for students, by students site to display the campus events hosted by undergraduate business groups, according to Ari Winkleman, site founder and a sophomore majoring in business. The purpose of Ticker is to provide a web page where LeBow students can easily access up-to-date information about upcoming events and the student organizations sponsoring them, according to the web site.

Marketwatch.com

DSPCon, Inc., a leading, global supplier of data acquisition, analysis, archiving and recording solutions for high-value military, aerospace and rotating machinery applications, today announced that it has significantly strengthened its world-class engineering team with the appointment of Anatoly (Toly) Kotlarsky in the newly created role of director of engineering and the promotion of C. Peter Bandy to product development manager Mr. Kotlarsky received a bachelor’s and master’s degree in electrical engineering from Taganrog University of Radio and Technology in Russia and an executive MBA, with honors, from the LeBow College of Business, Drexel University.