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September 2001

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Welcome to the first issue of the College of Commerce and Business Administration listserv, a monthly compilation of news and event notices. Thank you for subscribing to this service. URLs are provided at the end of each brief, where available, for additional web-based information.

-Ginny Hudak-David, editor

U.S. News & World Report released its rankings of business schools earlier this month. CCBA fared well, with the college tied for ninth place with Indiana and NYU. College departments and units were well position.

Can forecasts of earnings growth be trusted by investors? If the past is any guide, no, according to a study by University of Illinois finance professors Louis K.C. Chan and Josef Lakonishok, working with Jason Karceski of the University of Florida. A comprehensive study of the earnings rates of public companies casts serious doubt on the reliability of such forecasts.

Cele Otnes, a marketing professor, along with Mary Ann McGrath, a marketing professor at Loyola University, has discovered that men often shop purposefully, evaluate alternatives, bargain, shop in so-called "feminine" stores, and "sometimes even admit to liking to shop." Otnes' research was included in a news release from the University of Illinois News Bureau with follow-up stories in the Champaign-Urbana News-Gazette.

According to research conducted by Brian Wansink in Business Administration, most people eat more if they are served more. Wansink was interviewed by NBC staff from Chicago in late July for a network story broadcast in early August. The MSNBC cable channel rebroadcast the piece throughout August and the MSNBC website offers reporter Jim Avila's full story in an online video.

The University Office for Planning and Budgeting (OPB) coordinates an annual survey of graduates that asks them to evaluate their academic experiences and to report on their current activities. This information is provided to the Illinois Board of Higher Education as required by state law. This year, OPB is making available on the web a feature that lets you customize a report. Data for the last 3 surveys are currently available.

E*Prairie, an online newsletter covering Midwest technology business news, recently reported on the Illinois Technology Enterprise Corporation that, in September, hosted the second annual techShow, a showcase of companies and government agencies that fuel the Champaign-Urbana technology economy. Several CCBA units helped plan the techShow.

Five CCBA alumni are challenging their fellow alumni to help out the college. If you have never contributed to the college before, your gift will be increased by $125 because of the generosity of these five graduates. Make your contribution go further by giving today!

George Johnson recently accepted the position of Director of MBA Recruiting and Admissions. He was most recently the Director of Corporate Affairs for the MBA Program at the University of Texas at Austin. His appointment completes a major restructuring of the MBA recruiting office according to Interim Associate Dean Bob Schultz, who retires at the end of September.

Larry DeBrock, a professor in economics, was recently appointed as the Academic Director of the MBA Program.

Carolyn Hoffmann was recently appointed as Associate Director of MBA Career Services. She earned her MBA from The Wharton School in 1997 and earned her bachelor's degree in history from UIUC.

Jim Gentry, a professor in finance, assumed the helm of the Executive Development Center earlier this month, where he will serve as interim director.

Jo Duchene is the new Assistant Dean in the Office of Undergraduate Affairs responsible for advising, recruitment, and retention. She was previously Assistant Dean for Academic Affairs in the College of Applied Life Studies.

Sandy Frank was recently appointed Assistant Dean for Administration, replacing Pat Cleary who retired earlier in the month. She was previously the Director of Budget and Resource Planning.

Sign-up for the 2001 Tent Party to be held on campus on October 20! Contact the Office of Alumni and External Affairs at 217-244-6669 to reserve your seat at the tent party that precedes the Illinois versus Wisconsin football game. Game tickets may be purchased at the same time.

The September Round Table, originally scheduled for September 11, has been rescheduled for October 23. A panel will discuss "The Pulse of Chicago Real Estate: Where have we been and where are we now?" The event, hosted by Ron Shipka, will be held at the Illini Center on Wacker Drive. Space is limited. For more information, email Christine Lockmon ( or call 217-333-6434.

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