Spring 2012

A publication of news and current events from Jim Sinegal Joins Albers The Albers School of Business and Economics Page 3 Health Leadership Executive MBA Page 3 Albers in India: Sustainable Global Education Page 8 What’s Inside? Health Leadership...... 3 Executive MBA arlier this year we received the good news that our Jim Sinegal Joins Albers...... 3 AACSB accreditation Albers Faculty...... 4 E(Association for the Advancement Research News of Collegiate Schools of Business) Faculty Profile:...... 5 has been extended for another five Jennifer Marrone years! The extension reflects the Albers Executive...... 6 excellent work our faculty and Speaker Series staff do to provide an outstanding Albers in India...... 8 education to our students! There Sustainable Global Education is a lot of work that needs to be done to meet AACSB’s high Albers Profile:...... 9 Message Gary Scott expectations, and it is our faculty and staff that get the work done! Student Profile:...... 10 Terren Drake AACSB is the premier business Alumni News & Events...... 11 accrediting body worldwide. Currently, there are 643 accredited schools in 43

Dean’s Dean’s countries, and less than 5% of the world’s business schools are accredited. AACSB is all about quality business education and continuous improvement. on the cover: In the review, the visiting team gave Albers high marks in several areas: The 2011 Albers in • The work our Advising Center and Placement Center do in supporting the India education abroad advising and career needs of our students. course completed their • Involving the business community and alumni via our advisory boards and trip carbon-neutral. strategic planning. • The effectiveness of the Mentor Program in supporting the career success of our students. The report also encouraged us to continue our efforts to enhance and support the quality and impact of faculty scholarship and to seek ways to expand our financial resources. On March 1 we announced some more good news — Jim Sinegal, co- founder and former CEO of Wholesale, will join Albers as our Senior Executive in Residence. Jim is one of the most respected business leaders in the world — literally! He will be a tremendous resource for our students, and we are so grateful for his willingness to share his time and talents with us. Jim is a former trustee of University and has long been a strong advocate and supporter of the university. albers brief Editor: Barb Hauke Thank you for your support of the Albers School. As always, please contact [email protected] me at [email protected] with your questions or comments. Contributors: Penny Koch-Patterson Madhu Rao Dean: Joseph Phillips A publication of the Joe Phillips Albers School of Business and Economics Dean Seattle University Albers School of Business and Economics 901 12th Ave., P.O. Box 222000 Seattle, WA 98122-1090 www.seattleu.edu/albers

Follow the dean on the Albers Dean Blog. www.seattleu.edu/albers/deanblog.aspx

p a g e 2 I albers school of business and economics Albers Leads

new at albers Health Leadership Executive MBA Penny Koch-Patterson, Associate Director, Center for Leadership Formation

wedish Hospital, Group Health, the Polyclinic, and program like this. With our mission, we are well positioned to Virginia Mason, among others are all neighbors within deliver the program and it has been well received by leaders in a few short blocks of Seattle University. And less the health community.” Sthan two miles from campus are Fred Hutchinson Cancer The program is housed in the Center for Leadership Research Center, Seattle Biomedical Research Institute, VLST, Formation within Albers. Like the nationally ranked Leadership Dendreon, and the Bill & Melinda Gates Foundation. These EMBA (LEMBA) program, HLEMBA is designed to prepare and many other organizations and institutions throughout the leaders across the health and life science sectors with enhanced Puget Sound make up the fabric of Seattle’s Health and Life leadership competence and the business acumen necessary to Science Industry. have organizational impact and effect positive change. An overarching belief among all of these institutions The new program combines coursework from the LEMBA seems to speak to the value of good health. This connection to program, which U.S. News & World Report has ranked in the humanity and care for others is well-aligned with the mission, top 25 executive MBA programs in the nation for each of vision, and values of Seattle University. As a member of this the last three years, with curriculum specifically tailored for same neighborhood, Seattle University looks for ways to be fully professionals in health and sciences. engaged in and a resource for the community. For example, as The ultimate goal of the program is to develop leaders for President Stephen Sundborg, S.J., outlined in his 2011 State an industry that is expanding by leaps and bounds. Even at the of the University address, one goal in particular is that, “We peak of the recession in 2008, the healthcare industry grew must build new connections with the biomedical, global health, by nearly 400,000 jobs nationally, according to U.S. Bureau scientific, technological, and environmental institutions and of Labor statistics. It is projected that over the next six years foundations of our region.” As neighbors and colleagues, we more than a quarter of all new jobs in the U.S. will be in the have a vested interest in collaborating and creating synergies. healthcare industry. In support of these efforts, the Albers School of Business Already, HLEMBA is forging connections. The Center and Economics launched the Health Leadership EMBA engaged an advisory board comprised of leaders from the (HLEMBA) this past fall, a 21-month degree program for sector, including Scott Armstrong, CEO of Group Health directors, managers, and clinicians from the sector. Cooperative; Chris Rivera, President of the “With the health sector being such an important part of Biotechnology and Biomedical Association; and Mary our immediate neighborhood, as well as our local and national McWilliams, Executive Director of the Puget Sound Health economy, Seattle University needs to be offering this program Alliance, to name a few. HLEMBA was also the main sponsor to meet the needs of emerging health leaders in our region,” of a Feb. 23 event at which President Sundborg presented said Albers Dean Joe Phillips. “When Albers and the College Seattle Business Magazine’s Outstanding Healthcare Executive of Nursing did our market research on educational needs in of the Year award. More than 300 representatives from the the sector, we identified overwhelming interest and need for a healthcare industry attended.

Jim Sinegal Joins Albers As Senior Executive in Residence ne of the nation’s most admired business leaders, Jim Sinegal, Costco Wholesale co-founder and retired CEO, has joined the Albers School of Business and Economics as its first Senior Executive in Residence. In this role, Sinegal will serve as a guest speaker for Albers courses, clubs,O and student organizations. He will mentor students, lead a faculty seminar, assist faculty in developing a case study on Costco, and advise on planning for the Albers Executive Speaker Series. “Jim Sinegal is one of the most respected business leaders of our time, and we are so grateful to have this opportunity to work with him. Our students, faculty, and staff will benefit from direct access to one of the true innovators in retailing and global business,” said Joe Phillips, Dean of the Albers School. Sinegal has supported Seattle University in immeasurable ways. He served on the Board of Trustees for two decades and co-chaired the largest capital fundraising campaign in the university’s history. Sinegal and Costco co-founder Jeff Brotman co-created the Costco Scholarship Fund at SU and the University of Washington. Since its start in 2000, more than 700 underrepresented minority students at SU have benefited from the fund.

albers brief I p a g e 3 Albers Faculty Research News Matt Isaac’s (Assistant Professor of Marketing) article, Sharon Lobel (Professor of Management) and Quality: Some Empirical Evidence,” has been accepted “Finding a Home for Products We Love: How Buyer Marilyn Gist’s (Executive Director of the Center for publication in the International Review of Financial Usage Intent Affects the Pricing of Used Goods,” with for Leadership Formation) article, “Dual-Agenda Analysis. Aaron Brough (Pepperdine), will be published in the Leadership Formation: Pedagogy Design and Impact Susan Weihrich (Associate Dean), Mary Carpenter Journal of Marketing. in a Leadership Executive MBA,” has been accepted (Assistant Dean of Graduate Programs), and Bonnie Buchanan’s (Assistant Professor of Finance) for publication in the Journal of Corporate Citizenship. Bryan Ruppert’s (Senior Lecturer of Business article, “Shareholder Proposal Rules and Practices: Tina Zamora’s (Assistant Professor of Accounting) Communications) article, “Identifying Need and Evidence from a Comparison of the US and UK,” paper, “Using a Social Enterprise Service-Learning Measuring Improvement in MBA Writing,” has been co-authored with Jeffry Netter (Georgia), Annette Strategy in an Introductory Management Accounting accepted for publication in the Journal of the Academy Poulsen (Georgia), and Tina Yang (Villanova), has Course,” has been accepted for publication in Issues in of Business Education. been accepted for publication in the American Business Accounting Education. Meena Rishi (Associate Professor of Economics) and Law Journal. Carl Obermiller (Professor of Marketing), David Chips Chipalkatti’s (Professor of Accounting) paper, Greg Prussia’s (Professor of Management) article, Arnesen (Professor of Business Law), and Marc “Institutional quality, knowledge spillovers and “A multi-level systems model view of leadership, Cohen’s (Assistant Professor of Business Ethics) article, entrepreneurship,” co-authored with Jonathan Doh co-authored with A. J. Kinicki (Arizona State “Customized Pricing: Win-Win or End Run?” has been (Villanova), has been accepted for publication in the University), K. J. Jacobson (University of New accepted for publication in the Drake Management International Journal of Economic Policy in Emerging Mexico), and B. Galvin (University of Washington Review. Economies. Bothell), was published in the Journal of Leadership Terry Foster’s (Assistant Professor of Business Law) Marinilka Kimbro’s (Visiting Assistant Professor and Organizational Studies in 2011. paper, “Legal Issues of Online Social Networks and the of Accounting) paper, “Does voluntary corporate Marc Cohen’s (Assistant Professor of Business Ethics) Workplace,” co-authored with Christopher Greene citizenship pay? An examination of the United article, “Moral and amoral conceptions of trust, with (MBA/JD alum), has been accepted for publication Nation’s Global Compact,” co-authored with Zhiyan an application in organizational ethics,” has been in The Journal of Law, Business and Ethics. Cao (University of Washington Tacoma), has been accepted for publication by the Journal of Business Rubiná Mahsud’s (Assistant Professor of Management) accepted for publication in the International Journal Ethics. article, “An Improved Measure of Ethical Leadership,” of Accounting & Information Management. Meena Rishi’s (Associate Professor of Economics) co-authored with Gary Yukl (SUNY-Albany), has been Dino Falaschetti’s (Gleed Chair) article, “A Sex article, “Promoting Entrepreneurship to Alleviate accepted for publication in the Journal of Leadership Difference in Risk Taking and Promotions in Poverty in India: An Overview of Government and Organizational Studies. Hierarchies: Evidence from Females in Legislatures,” Schemes, Private-Sector Programs, and Initiatives in Colette Hoption’s (Assistant Professor of Management) has been accepted for publication in the Journal of Law the Citizens’ Sector,” has been accepted for publication paper, “It’s Not You, It’s Me: Transformational and Economics. in the Thunderbird International Business Review. It was Leadership and Self-deprecating Humor,” co-authored Jessica Ludescher (Assistant Professor of Business co-authored with G. Goel (Motilal Nehru National with Julian Barling (Queen’s University) and Nick Ethics), Rubina Mahsud (Assistant Professor of Institute of Technology in Allahabad, India) and recent Turner (University of Manitoba), has been accepted Management), and Greg Prussia’s (Professor of Albers graduate, Samantha Galvin. for publication in the Leadership and Organizational Management) paper, “We Are the Corporation: Katya Emm (Assistant Professor of Finance) and Development Journal. Distributed CSR,” has been accepted for publication Vinay Datar’s (Professor of Finance) article, “Going Bonnie Buchanan (Assistant Professor of Finance), in Business and Society Review. public through the back door: A comparative analysis Meena Rishi (Associate Professor of Economics), Rex Toh (Professor of Marketing), Peter Raven of SPACs and IPOs,” co-authored with Ufuk Ince, and Quan Le’s (Associate Professor of Economics) (Professor of Marketing), and Fred DeKay’s (Associate has been accepted for publication in the Banking and paper, “Foreign Direct Investment and Institutional Professor of Economics) article, “Travel Planning: Finance Review. Searching for and Booking Airline Seats on the Internet,” has been accepted for publication in the Transportation Journal. Bryan Ruppert (Senior Lecturer of Business Communications), April Atwood (Lecturer of Marketing), and Carl Obermiller’s (Professor of Congratulations to Marketing) article, “Instructor credibility across disciplines: Identifying students’ differentiated Bill Weis, 2012 recipient expectations of instructor behaviors,” has been accepted for publication in Business Communication of the SU Alumni Quarterly. Teaching Award! Bill is being recognized for over 40 years of outstanding teaching at SU at the 27th Annual Alumni Awards Celebration, President’s Club, and Legacy Society Dinner on April 17.

p a g e 4 I albers school of business and economics Albers Connects

Faculty Profile – Jennifer marrone A True Team Leader

ew Jersey native Jennifer Teaching is also important to her, Marrone, Associate Professor of and Marrone is very proud of the Management at Albers, had only Leadership Formation course she designed Nvisited Seattle once for a conference six for MBA and MIB students. The course, months before accepting an offer to required to complete the Graduate interview at Seattle University for a Leadership Formation Specialization, faculty position. She was finishing her engages participants in leadership doctoral program at the University of reflection and discussion, assesses Maryland and thought she wanted to leadership role models, and provides a work at Villanova, where she had earned year-long practicum experience involving her undergraduate degree in accounting. leadership skills. The culmination is an However, the opportunity at Albers awards event honoring leaders in our presented itself, and during her first day community who embody the unique of interviews she decided to accept if she intersection where leadership, business received an offer. Seattle U was exactly the acumen, and social impact overlap. type of school she was looking for, with a Marrone was inspired to create the course good balance between teaching and in this way after attending the Opus research. In addition, “the mission blew award gala that SU sponsored a few years me away,” Marrone said. She came here in ago. The thought and motivation behind fall 2004 as an Assistant Professor and was it had a great impact on her and she saw

Research is Marrone’s “primary passion at work…” promoted to Associate Professor in 2010. The impetus that got Marrone into the reaction her husband had to it. She Prior to pursuing her PhD in Orga- looking at changing careers was when a now challenges her students each year to nizational Behavior, Marrone worked in group of management PhDs visited her find and honor local community leaders public accounting for almost five years company to observe how auditors made similarly dedicated to achieving a greater and is proud to say that she is still a CPA. decisions. She spoke with them afterwards good. While she loved public accounting, her and realized she could get a PhD in this Marrone is married to her high interest in studying groups began during field. It took her about a year and a half school sweetheart Sean, and they have a her public accounting days when she was to find the program she wanted, which son Ryan, who will turn two in July. promoted into positions of supervising turned out to be at the University of Although she has minimal “free” time, she others and leading small teams. The ques- Maryland, College Park. enjoys being a new mom and spending tions of “What is my role in motivating While she has had many accom- time with her family. She also likes to others?” and “Why is this team better plishments at Seattle U, research is hike, walk, run, shoot baskets, and do than that team?” were intriguing to her. Marrone’s “primary passion at work,” anything physical. She competed in Marrone found this work very challeng- she said. In her research, she explores the soccer, basketball, and softball in high ing and she soon realized that she was questions about teams, motivation, and school and missed it when she did not getting lots of technical training but very leadership that she started asking during continue in college. Marrone looks for little training on managing people. She her earlier days working in accounting. challenges in her life, such as majoring in also recognized after leading a couple of She is proud to have had two articles accounting because it was the hardest class teams that, as she put it, she “liked the published in the Academy of Management she took, and is very competitive, people side of it, such as understanding Journal, a top tier publication, and both “although not in a cutthroat way,” relationships.” have been very well cited. she says.

albers brief I p a g e 5 Albers Connects

René Ancinas Preparing for an Unexpected Future n engaged audience listened During this time, Ancinas began to René Ancinas, CEO of Port attending shareholder meetings at Blakely Companies, explain Port Blakely Companies, a business Ahis unusual career path at an Albers his grandfather had started. He had Executive Speaker Series event on voluntarily been helping look at the October 19, 2011. A classical clarinetist family governance structure of the by training, Ancinas described how he company for about four years when the went from a career in music to running CEO, who was his cousin, asked him a 5th generation family owned business to join the company as a succession of forestry and real estate with interests candidate for the CEO position. After in the Pacific Northwest and New much deliberation with his wife and the Zealand. rest of his family, and acknowledging With a Bachelor of Music degree that he wanted to stretch himself, he from Oberlin College Conservatory accepted the position in 2005. He and a Master of Art in Music from René Ancinas, CEO of Port Blakely assumed the role of CEO in 2010. Companies San Francisco Conservatory, Ancinas The transition to running a had chosen a career in music, which he pursued upon business was not an obvious one to Ancinas. He had never graduation. He thought this was a pretty straight-forward managed a company. He did not know how to read a decision, but he came to realize that he had many other balance sheet. However, as he thought about it, he realized interests that were distracting him. He also determined that he had had great mentors in the conductors for whom

Albers Executive Speaker Series Speaker Albers Executive that he wanted to do something that had an impact on he had worked and that many of his skills as a musician others. After a stint as a stay-at-home dad while deciding translated well to the business world. Both worlds required what he really wanted to do, Ancinas ventured into the leadership skills, teamwork, values, understanding, and world of high-tech at a series of startup companies, where trust. Knowing his strengths and weaknesses was critical. he gained extensive experience in program management Persistence was mandatory. In the end, Ancinas realized and product development. that he was more prepared than he thought.

Tod Nielsen Career Lessons from the Software Industry Left: tod Nielsen, Co-president of VMWare

avigating a career in the software industry can be difficult; Tod Nielsen, Co-President of VMWare, has been very successful at it. NHe shared his thoughts on what he called his “journey through my career” during an Albers Executive Speaker Series event on November 3, 2012. Nielsen worked at for 12 years before venturing into smaller companies, including start-ups. During this time he realized that, for him, there were five pillars to getting ahead in his career: Milestones: Be aware of your milestones. Everyone has meaningful milestones in their lives, some good, some bad. It is helpful to look back at them, but it is also important to think about what you want to achieve in the Continued on next page

p a g e 6 I albers school of business and economics John Stanton Navigating Unintended Consequences

ohn Stanton, Chairman of Clearwire and Trilogy Partners, experienced Jan unintended consequence on his way to talk at an Albers Executive Speaker Series event on January 24, 2012. Coming over to Seattle from the Eastside, Stanton chose to use the 520 bridge, even though he had to pay. He breezed over to the Westside and arrived on campus early for his engagement. Although the tolls were put on 520 to pay for its replacement, a large number of drivers chose to use I-90 to avoid paying, which resulted in his easy commute. Unintended consequences can be found everywhere you look. In the Above, left: John Stanton, Chairman of Clearwire and Trilogy Partners telecom industry, Stanton has seen a large change from when he started, much of was that they could not administratively the opportunities at each stage of the it driven by unintended consequences. deal with all the license applications. process. They were able to “look at and AT&T once dominated telecommunica- The unintended consequence of that be responsive to the circumstances,” he tions with government authorization. The was that they decided to raise capital for said, and were successful in getting every unintended consequence of that was that the government by auctioning off the license they applied for. the United States had the most expen- licenses, which lead to the unintended In conclusion, Stanton shared sive network in the world and a lack of consequence of forcing most of the the three common themes he has innovation. The breakup of AT&T was innovative companies out of business. learned throughout his career, which designed to reverse that situation and led Today we are back to a duopoly of has encountered many unintended to the creation of new policies. AT&T and Verizon providing 80% of consequences: In 1980 when the FCC decided the telecom services in the country. In • Work with a great group of people. that wireless communication should be the end, “the unintended consequence (He has worked with the same team in created, they chose to sell licenses to became the dominant theme rather than each of his companies.) utilize the wireless spectrum (backbone the intended consequence of getting new • Be agile in decision-making and look of the network) to encourage innovation business,” said Stanton. ahead. and get new companies into the business. In each of the companies which • Never run out of money. The unintended consequence of that Stanton has led, they took advantage of

Can’t attend a speaker event? Podcasts are available at http://www.seattleu.edu/albers/execspeakers/

Tod Nielsen Continued from page 6 future. Sometimes milestones are planned experience outside corporate headquar- is extremely important. Talk to a diverse and attained, sometimes they happen. ters. That way you are forced to deal with set of customers so you are aware of the Diversity: Do a variety of things things that you are shielded from at the various perspectives they have. to get a well-rounded background. Your corporate level. Give back: Leave this world a little 20’s are the years you spend getting good Mentor: Find yourself a mentor. better than when you got here. This does experience. Sometimes it is necessary to Identify someone who you think you not only refer to giving money, but give take lateral moves to accomplish that. would learn from and ask him or her to your energy also. Some companies offer Nielsen learned more from working at a spend time with you. Be sure that your this opportunity at work, such as working poorly run company than he did at mentor is not exactly like you. for one of your customers for one week a Microsoft, a company that he thought Customers: Champion your year. Take advantage of this if it is offered. was run well. He learned what not to do. customers. They make you successful or The world will be better if you think He also advised that you should get not. Understanding your target markets more about giving back than taking.

albers brief I p a g e 7 albers in india Sustainable Global Education Madhu Rao, Associate Professor of Management

he 2011 Albers in India program, “ Global warming sounds so big that it’s hard to imagine that you a two week graduate learning as an individual can do anything about it…But that’s where experience in India designed you’re wrong: the reason Earth is in peril is because of individual Tand developed by Profs. Madhu Rao and actions—by me, by you, by the person sitting next to you…The Gail Lasprogata, had the distinction of being one of the only global education good news—the very good news—is that, just as the problem is programs in the country to be completely the sum of what each one of us is doing, so is fixing the problem.” carbon-neutral by incorporating the – Anthony Barnosky, Heatstroke: Nature in an Age of Global Warming cost of carbon offsets into the program fees. Carbon offsets are allowances corresponding to one metric ton (2,205 By affirming its commitment to environ- own that they cannot but help coming lbs) of CO2 which may be purchased mentally responsible global education back changed forever. There is no better from certified providers who then use through the creation of carbon-neutral approach to fostering global citizenship the revenues to fund carbon reduction travel abroad programs, Albers once again than global contact. projects around the world. takes the lead in developing a generation Yet, despite the undeniable Inspired by similar initiatives at of business leaders dedicated to the triple necessity for encouraging such cross- REI Inc., the Albers in India program bottom line—people, planet, and profits. cultural experiences among business partnered with the Portland-based There is, perhaps, no more effective students, such travel does not come Bonneville Environmental Foundation to way to understand the complexity and without attendant environmental calculate and offset the complete carbon impact of business decisions on the global costs. Carbon emissions resulting from footprint of 26 graduate business students commons than to see it firsthand. Over international flights, buses, in-country and two professors on an education the past three decades, global education air or train travel, and hotel room abroad trip to the subcontinent. As a programs at the Albers School of Business energy consumption are all significant result of this effort, the program pur- and Economics have taken hundreds and unavoidable consequences of chased enough wind-energy offsets to of current and future business leaders study abroad programs. To give this compensate for 661,320 lbs. (300 metric abroad to experience what Peter-Hans perspective, while the average US air tons!) of carbon dioxide equivalents Kolvenbach, S.J., Superior General of the traveler generates approximately 5800 generated as a result of the trip—the Society of Jesus, refers to as the “gritty lbs. of carbon dioxide emissions in same as would be released driving an reality” of the world—manufacturing one year, a single roundtrip flight to average car for 800,300 miles! The cost? plants in Shanghai, urban slums in Beijing alone results in 4655 lbs. of CO2 A mere $38 per student, less than 1% of Bangalore, orphanages in Xi’an, software being released into the atmosphere. Is the total program fee. centers in New Delhi, NGOs in Vietnam, it possible for universities to address The balance between economic and and micro-lending ventures in Ghana. the need for global education while business development and environmental A few thousand miles and two weeks simultaneously accounting for the impact concerns is a delicate, yet enormously of travel offer students a glimpse into a such programs have on greenhouse gas important issue facing countries today. world so completely different from their levels? The answer is, quite simply, yes.

2011 Albers in India students experienced firsthand the need for environmentally responsible global education.

p a g e 8 I albers school of business and economics Albers Serves g e 9 a p I

albers brief Speaker Series Series Speaker featured guest on on guest featured Gary Scott will be be will Scott Gary the Albers Executive Executive Albers the Monday, May 14, 2012. 14, May Monday, Scott embarked his on MBA shortly after starting to While remembered he all his of classes and instructors Native Washingtonians, Scott and his wife Candy have Scott will be the Albers Executive Speaker Series to President, Bombardier President, to Commercial Aircraft, oversee to the new product linehad he helped create as well as existing commercial back move to to products. retired He in 2011 Seattle and supervise the care his of wife, who had been diagnosed with breast is she well now cancer. on Happily, way recovery. her to at Boeing.work had He heard good things about Seattle U and attending an AACSB accredited program was important him.to soon discovered He that the SU MBA program seemed like a natural extension his of undergraduate program. benefited He greatly from other the students having diverse working experiences.“real Theybrought world” situations their to class discussions. being good, Scott singled Professors out Khalil Dibee, Henrietta Hendrickson, and David Tinius as standouts in his finance studies.He wrote his thesis under the guidance Dibee, who Scott Dr. of described He as fair.” “tough but learned and a lot appreciated this and later more in more life. been married 42 for years, they but have been since a couple junior they high live school. in Sammamish, Today very near their two daughters and seven grandchildren. When enjoyingnot their grandchildren, Scott and his wife golf together music, and a passion listen his of since 50’s to he played guitar roll in band a rock ‘n during high school. 2012. featured May 14, guest Monday, on - cott S

ou do not have be to an not do ou engineer be to successful in the airplane industry. Just ask Gary Scott, former Bombardier of President Commercial Aircraft, who

Scott was recruited out of the UW by Boeing into a into Boeing by UW the of out recruited was Scott Duringthe next years,20 Scott made thehis up way Scott left Boeing in 2002 become to at President lumni Profile – Gary

Y World of Engineers of World A a in Professional Finance A earnedhis MBA with concentrationa in finance Seattlefrom afterUniversity in graduating 1978 from the University of Washingtonwith BAa in Business Administration, also with a concentration in finance. depart Engineering Industrial the within role finance” “quasi veryfortunate “a was This Division. 707/727/737 the of ment quickly “I it, put he as because, career his in entryposition” planes how and Airplanes Commercial Boeing about learned progressed he as foundation this used He produced.” were Boeing. within functions finance traditional more into covering virtually ladder, all divisions and disciplines. His Programs, of VP/COO 737/757 titlesVP/GM included BoeingEnterprises, VP Business Strategy Commercial for Airplanes,and finally 2000,in BoeingPresident, Flight between venture Training,International, joint Boeinga and FlightSafetyInternational, Berkshire a Hathaway company. CAE Civil Simulation and Training, headquartered in Montreal, Canada. planned He spend to the rest his of career there, in 2004, but Bombardier recruited him “lead to a team study to launching an all new commercial airplane seat market.” Thus,he thethe of for end 100-150 lower became New President, Commercial Aircraft Program at Bombardier. Excelling at this Scott position, was promoted Student Profile – terren drake Always Looking for the Next Challenge

n MBA has different meaning finance and today is a member of the for different students in the Accounting group at Rainier. program. For some working He also provides a powerful voice as Shop professionals,A an MBA is a way to move Steward (employee representative of the their careers to the next level. For others, union) for the Teamsters Local 117. like Albers MBA student Terren Drake, In the summer of 2010, Drake it is a step towards a career change. To decided to pursue his MBA and began Drake, an MBA also means satisfying his studying for the GMAT. He knew that constant desire to be challenged. Drake an MBA would help him develop the has responded well to this challenge, skills he would need to achieve his goal earning a spot on the Dean’s Honor List of running a company one day, whether for every quarter thus far. it was a start-up or working his way up Having grown up in the Rainier in an organization. He chose Seattle Valley with a father who is a pastor, University because “it felt like the right building community is very important to fit.” He found it to be a “very respected Drake. He wants to inspire young people program,” that was small enough to have to learn, grow, and make a contribution

“You get out of life what you put into it.”

to society. He strongly believes that “you a personal feel. He has found that his who give their time to the program and get out of life what you put into it.” experience at Albers has far exceeded stay connected. He has found this to be a Drake earned a BA in Communica- his expectations and he has appreciated great networking opportunity and a way tions from Washington State, but never the connection with his professors, to build relationships with professionals worked in that field. He did not have a who have taken an interest in where he in the area. clear direction at the time and he was works and his career goals, as well as his Drake has fully immersed himself in working for a mortgage company when life in general. He finds the faculty to the SU experience. He has taken “things started to get shaky” in 2007. He be genuine in their desire to help their advantage of many of the opportunities took a job at Darigold, one of the largest students and be available to them. Drake offered, such as engaging with the Albers dairy cooperatives in the country because, seems to have made an impression on Placement Center early on. According to according to him, “I could earn a good his professors as well. According to his Albers Grad Career Consultant Paula union wage with great benefits.” He Managerial Finance professor, Katya Fitzgerald-Boos, “Terren is a remarkable started as a production worker and later Emm, “He is a very pleasant person who combination of humility and authentic- became a member of the labor contract seemed to have a very good reputation ity, and he has wisdom beyond his years.” negotiating committee. After labor with his classmates.” When he has time off from school contract negotiations ended in 2010, he In addition to a supportive faculty, and work, Drake and his fiancé try to get was approached about entering a Drake has appreciated his connection away. They like to take trips to tropical management training program at to his fellow students. He said, “I love locations, ski, and spend time with Darigold. While many union workers interacting with brilliant and driven family and friends. As for a wedding work for 25 to 30 years and retire with a people from different industries, and date, Drake said they “are still trying to pension, Drake sought to transition to value the relationships I’m working to figure that out,” but in the meantime, the business side of the organization. He build with my classmates.” He also is they are enjoying their engagement! expressed a desire to work in accounting/ impressed with the “very engaged” alumni

p a g e 1 0 I albers school of business and economics News & Events

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ALBERS EXECUTIVE 2012 Business Plan Competition Albers Graduation Reception SPEAKER SERIES Trade Show Saturday, June 9, 2012 Albers Executive Speaker Series events April 9, 2012 4:00 – 5:30 p.m. are held in Pigott Auditorium from 11:00 a.m. – 2:00 p.m. Location: Atrium 5:30 - 6:30 p.m. Location: Student Center 160 Albers Placement FREE and open to the public Final Presentations & Awards Reception Center Events Tuesday, April 10, 2012 Thursday, May 17, 2012 For more information on each of these Howard Schultz 2:30 – 6:30 p.m. events, contact the Albers Placement Center, CEO, Starbuck’s Location: Campion Ballroom (206) 296-5687 or [email protected]. Thursday, April 26, 2012 For more information and to RSVP for the Seattle University Career Expo Dan Keynote Dinner, contact Kim Eshelman at Wednesday, April 11, 2012 CEO, Outdoor Research [email protected]. 11:00 a.m. – 2:00 p.m. Monday, May 14, 2012 Graduate Programs Location: Campion Ballroom Gary Scott Open House A career fair open to SU undergrads, grads, Former President, Bombardier Thursday, April 12, 2012 and alumni. Commercial Aircraft 4:30 – 6:30 p.m. Albers Workshop executive education Location: Student Center 160 Thursday, April 19, 2012 programs / class observations Ethics in the Business World 4:30 – 6:00 p.m. Location: Provided upon RSVP. Tuesday, April 17, 2012 Location: Admissions & Alumni RSVP to [email protected] or call 7:00 – 9:00 a.m. Community Room Sommer Harrison at (206) 296-2529. Location: Casey Commons (CASY 500) Featuring: Thursday, March 29, 2012 Featuring: Paul Anderson 9:30 a.m. – noon The Seattle Times and KOMO 4 News career Dr. Marc Cohen Thursday, April 26, 2012 Assistant Professor of Business Ethics columnist, Founder of ProLango 8:00 – 11:30 a.m. Stan McNaughton Topic: Strategic Marketing Skills for President & CEO, PEMCO Professionals $10 entry fee Albers Industry Forum For more information, contact Gail Yates at Thursday, May 10, 2012 AACSB Accreditation [email protected]. 4:30 – 6:00 p.m. Location: Admissions & Alumni Reaffirmed Red Winged Leadership Community Room Award The Albers School of Business and Topic: Careers in Healthcare Thursday Evening, May 10, 2012 Economics has once again been Albers Volunteer Recognition Reception Location: Pigott Auditorium reaffirmed for accreditation by the Join the Graduate Leadership Formation Monday, May 14, 2012 Association to Advance Collegiate cohort in honoring inspirational leaders in 4:00 – 5:30 p.m. Schools of Business (AACSB). Following the Seattle community. Location: Casey Commons a year of self-study and a campus visit For more information, visit www.seattleu. A reception to thank and honor advisory in October by the AACSB Maintenance edu/albers/redwinged/ or e-mail Farani board members and mentors from the Albers Accreditation Committee, on December Aryono at [email protected]. School. 21, 2011 the AACSB Board of Directors 10th Annual ratified the recommendation to extend Albers Student Albers Alumni and Friends our accreditation for another five years. Awards Reception Golf Tournament Less than 5% of the world’s business Friday, May 11, 2012 Monday, August 6, 2012 schools have this distinction. 4:00 p.m. Awards Ceremony Location: Pigott Auditorioum Location: Glendale Country Club “Maintaining accreditation is something For more information, sponsorships, or that all of our faculty and staff contrib- 6:00 p.m. Reception Location: PACCAR Atrium foursomes, contact Rob Bourke at bourker@ ute to, and do so on a continuing basis,” seattleu.edu or (206) 296-2277. said Albers dean Joe Phillips. “Activities Projects Day 2012 such as assessment, maintaining faculty Wednesday, May 30, 2012 credentials, and strategic planning Noon – 5:00 p.m. cannot be done in the months before Location: Pigott Auditorium/Sullivan Hall the visit, but must be addressed on an Celebrating the 25th Anniversary of the on-going basis.” Project Center

albers brief I p a g e 1 1 Albers School of Business Non-Profit Org. and Economics U.S. Postage 901 12th Avenue P A I D P.O. Box 222000 Seattle, WA Seattle, WA 98122-1090 Permit No. 2783

Get Connected! Social Media at Albers You can be one of the nearly 1,400 members in the burgeoning Albers now has a Facebook page as well as Twitter and LinkedIn SU alumni group on the LinkedIn professional networking site, accounts. Follow us for updates on upcoming speakers, events, and exclusively for SU alumni and current grad students. news. Engage in discussions and networking opportunities. If you To join, set up your profile on www.linkedin.com, then go to: have ideas on what you would like to see on one or more of these http://www.linkedin.com/groups?gid=40502 sites, please email Barb Hauke at [email protected]. Seattle University’s Albers School of Business and Economics Strengthen Your Connections http://bit.ly/aMFyK0 The Albers Alumni Board meets six times a year to develop and organize the alumni programming you enjoy at Albers. Deepen AlbersatSU your commitment to Albers in service of your fellow alumni and http://twitter.com you will soon experience the value of being connected at this level. If you would like to serve on the Board, contact Rob Bourke at Alumni of Albers School of Business and Economics [email protected]. www.linkedin.com You can also find our videos on YouTube at: http://www.youtube. Stay Connected com/result?search_query= SeattleUAlbers&aq=f and iTunesU hosts Join AlumniWeb—your source for alumni events, online directory, our podcasts at http://seattleu.edu/itunesu/index2.asp. and more! http://alumniweb.seattleu.edu. To join the Albers Alumni Listserve, e-mail [email protected].