Media Mentions

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 managerMr. 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.

KYW Newsradio

It could be cheaper to borrow money for college, now that the Federal Reserve is working to free up long-term borrowing.The Federal Reserve announced plans to buy up long-term securities in an effort to lower rates for long-term borrowing, including mortgages and student loans. Mortgage rates have already dropped and David Becher, associate professor of finance at Drexel University’s LeBow College of Business, says it should help students if they have good credit:

The Jewish Exponent

As a way to increase their income, at a time of national economic crisis, a number of older people are selling their insurance policies that they no longer need or want.That's according to Paul Aguirre, president, Equity of Life, LLC, in Plymouth Meeting and Skippack, a company that focuses on life settlements -- either the sale or assignment of a life-insurance policy to a financial institution for a lump sum cash payment -- for people 65 years old and older, who aren't terminally ill, and who have a life expectancy greater than two additional years.

VOA News

Zumunta Machunga-Disu had never heard of Drexel University in Philadelphia till her sister encouraged her to check out the university for her bachelor's degree. "I am originally from Nigeria. My decision to come to the United States was basically to go to college," she says."I'm currently at Drexel University in Philadelphia.  My sister actually recommended it to me.

Metro

Like most business owners, Michelle Guinta-Cimillo was looking for a way to draw more customers to her shop, so she offered a 20-percent sale before Black Friday. For a week. On everything.The Midtown shop owner is just one of many looking to boost what most predict will be a gloomy holiday season for retailers, especially those competing with thrift stores.

philly.com

Call it the Philadelphia region’s credit crisis conundrum.All through this credit crisis, we’ve been told that the credit markets are frozen or, at the very least, not functioning normally. Banks, they say, are hoarding cash, not lending.One semi-regular publication that describes lending activity is the Federal Reserve’s “Beige Book” report on current economic conditions its its 13 districts. The version released yesterday says “business and consumer lending activity continued to slow in most districts.”

Philadelphia Inquirer

The company's iView software is in use in 230 college and university career centers, including MBA Career Services Center at the LeBow College of Business at Drexel University."It's a wonderful coaching tool," said Marilyn Tietjen, associate director of the center.The colleges subscribe to the Web site, and students get a password so they can practice any time in their dorm rooms using the Web cam, now standard on many laptops."By the time they go out on interviews, they're generally getting offers," Tietjen said. "It is not only building content, it is building their confidence."

The Triangle

The Drexel University LeBow Graduate Student Association will sponsor the "Preston and Steve Camp Out for Hunger Food Drive" through Nov. 28, and all food collected will be donated to Philabundance, a food bank and hunger relief organization in the Delaware Valley.Preston Elliot and Steve Morrison host "The Preston & Steve Show" every morning from 6 a.m. to 10 a.m. on WMMR. They will camp out in an RV from Dec. 1 to Dec. 5 at the Metroplex Shopping Center in Plymouth Meeting, Pa. to collect food donations.

The Triangle

Global Entrepreneurship Week, a week when students are challenged to generate new ideas and develop skills in generating new innovations, will be held through Nov. 23 by the Drexel LeBow College of Business and Laurence A. Baiada Center for Entrepreneurship in Technology.

Philadelphia Business Journal

Alter Hall is the fourth new home for an area business school in the past 11 years. St. Joseph’s University’s Erivan K. Haub School of Business moved to Mandeville Hall in the spring of 1998 and Drexel University’s Lebow College of Business anf the University of Pennsylvania’s Wharton School opened the Pearlstein Business Center and Jon M. Huntsman Hall, respectively in the fall of 2002.

Philadelphia Business Journal

Frank Linnehan, associate dean for graduate and undergraduate programs at Drexel University's LeBow College of Business, said he espects to see a shift awawy from finance-re;ated majors, with more students focusing on the accounting skills that will be required to clean up the vast mess. "There are definitely options" for students he said. "The accounting people are going to be in demand. It's now about how to evaluate value [of assets]. In the short term, there is going to be tremendous demand for people who can do that."

Market Watch

RADNOR, Pa., Nov 12, 2008 (BUSINESS WIRE) -- The Haverford Trust Company (Haverford), a privately owned investment management company, is pleased to announce that the firm's President, Binney Wietlisbach, has been named to the Philadelphia Business Journal's 2008 Women of DistinctionThe Women of Distinction program is presented by Wachovia and sponsored by AETNA, Ernst & Young, LeBow College of Business, and Drexel University. For more information, please visit: http://www.bizjournals.com/philadelphia/event/4009.

Philadelphia Business Journal

Edward Nelling, associate professor of finance in the LeBow College of Business at Drexel University, said this is yet another effect of the credit crunch.“Under normal circumstances, a small business could move on to another company or a bank,” Nelling said. “But bank credit has dried up and credit card companies have all increased rates.”The most difficult part for small businesses is that their company’s profitability and credit history are not a major factor in the decision to increase rates.“Issuers are looking ahead even if the customer’s payment schedule has been good, they are predicting more risk,” Nelling said. “Even if the risk for your business hasn’t changed, you bear the brunt for more risky customers.

The Triangle

As the country's major financial institutions and businesses report record losses and deep financial trouble, college students and their families are starting to feel the economic crunch, according to Ed Nelling, associate professor of finance at Drexel University.According to Nelling, recent and upcoming college graduates will be affected by the economic situation in three major areas: jobs, credit and investment.

The Philadelphia Inquirer

Against a national backdrop of the $700 billion federal bailout package, "the fact that taxpayers in no way have to step into a potential bailout here . . . lightens the load by a couple of bricks," said Ed Nelling, associate professor of finance at Drexel University.

The Triangle

Drexel graduate and undergraduate students competed in a business competition Oct. 17, orchestrated by the LeBow College of Business and IBM.According to Donna Ferrari, director of Special Projects, Research and Ranking for LeBow, students participated in a corporate challenge that, "Evaluated not just [the] bottom line and price strategies," but where students were also "judged on leadership qualities, presentation qualities and team working qualities."

The Press Citizen

Houge and his co-author, Jie Cai, a business professor at Drexel University and University of Iowa Ph.D. alumnus, studied the long-run performance of the Russell 2000 -- and the funds that track it -- from 1979 to 2004. He said the Russell 2000 index itself is a valid and accurate reflection of small-cap stock performance at any given time.But its annual rebalancing means that index funds made up of the stocks on the index may not perform as well as they could. Because of the annual rebalancing, the stocks of growing companies are removed from the index just as they are starting to post significant returns.

Herald Sun

Continuing consolidation in the banking industry will be another change in the landscape, according to Erik Benrud, associate clinical professor of finance at Drexel University.“You are seeing that with the Wells Fargo, Citigroup bidding war,” Benrud said, in reference to the banks’ recent fight to take over the beleaguered Wachovia Bank.“Coming out of the rubble, there will be new institutions combining.“Benrud also believes that regulators will quickly turn their attention to the murky world of derivatives that is largely being blamed for the crisis.