magazinePrice Spring 2009

Inside Sam Bradford - Top Athlete and Scholar Honoring Legacies Through Scholarships Student Business Association Update Chuck Doyle on Business and Family

The University of Oklahoma Price College of Business Letter from the Dean

Dear Alumni and Friends,

We hope you enjoy this edition of Price Magazine. With so many activities going on in our students’, alumni, faculty and staff lives, it is difficult to pick the select few to emphasize for any specific issue. Here we highlight the accomplishments of Sam Bradford, welcome back to campus Chuck Doyle, overview the college’s Student Business Association, profile our finance division and provide other newsworthy items.

Here is just a taste of what you will find as you read ahead: Chuck Doyle visits with Dean Evans after one of his Executive-in-Residence • Of course there was considerable excitement around Norman meetings with students. this fall with the opportunity to pursue a national championship perspective as a member of the VISA board. Students and faculty and, of course, the Heisman race. One of the college’s own, Sam found his remarks to offer a unique perspective on the road to this Bradford, a finance major with a stellar academic record, was under landmark public offering. consideration for the most coveted of individual college awards in the athletic world. While we are all proud of Sam’s football • A vital and vibrant part of any college environment, which accomplishments, we are likewise pleased that he has replicated is certainly the case here in Price College, is the various his field accomplishments in the classroom. Sam exemplifies the contributions of our student organizations. The nexus of these scholar-athlete. While many had talked about his opportunities organizations is our Student Business Association. Dormant in the NFL draft, Sam announced his intention to remain at OU over the past few years, the SBA is now a valuable member of the college student organization community, providing the Dean’s Office valuable feedback in college initiatives, serving as an important voice of the student community and helping to coordinate enrichment events for the Price College students. I cannot be more pleased with the SBA students and the quality of their leadership. Watch for more news from the SBA in future issues of Price Magazine.

• This issue highlights the finance division in Price College. I will let their bios serve to point out their professional and academic affiliations. Suffice to say that the overall scholarly record of this highly regarded team of outstanding academics places them among a select group of schools and academics with similar top-tier research profiles. In addition, the finance undergraduate degree and MBA concentrations are in high demand among our students. Noteworthy on the MBA program is our summer Price Scholars intern program in New York City. There, students take Dean Evans congratulates Sam Bradford on his Heisman Trophy Award. classes at NYU’s Stern School of Business and work with top next year, completing his undergraduate degree and laying a solid firms in the financial district. This program celebrates its 10th foundation for the future. We look forward to having Sam with us anniversary this year. Thanks to the excellent preparation of these next year. and other students by our Finance Division, we now have a sizable community of OU alumni on Wall Street. • How many people do you know who served in the Army with Sincerely, Elvis Presley, is the CEO of a banking enterprise, sits on the board of VISA and watched the IPO launch from the floor of the New York Stock Exchange and, after 53 years, still shares is life with his college sweetheart? Chuck Doyle is a man of amazing energy who has provided his city, business and industry with valued leadership. Kenneth R. Evans Chuck joined us in Norman as an Executive-in-Residence, Dean and Fred E. Brown Chair where he talked about the impressive journey of VISA from his

2 Price PRICESpring 2009, Vol. 13, No. 1 2

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Features in every Issue Three stories of giving back through remembered 6 College News 2 family and friends. 12 Focus on Faculty Heisman Trophy winner and finance major, Sam 14 Bradford, talks about his life on and off the playing 23 Faculty Profile field. 24 Academic Division Highlight

Chuck Doyle demonstrates how you can have a 26 Class Notes 18 successful life personally and professionally.

The Student Business Association serves a renewed 20 purpose for the students, organizations and dean at Price College.

Price 3 PRICESpring, 2009, Vol. 13, No. 1

PRICE College of Business Administrative offices Kenneth R. Evans Dean and Fred E. Brown Chair Robert Dauffenbach Associate Dean, Research and Graduate Programs, Scholarship and Director, CEMR Terry Crain Acting Associate Dean, Undergraduate Programs Frances L. Ayres Director, Steed School of Accounting Laku Chidambaram Director, Division of Management Information Systems Patricia J. Daugherty Director, Division of Marketing and Supply Chain Management Honors Mark P. Sharfman Director, Division of Management Pradeep Yadav Director, Division of Finance Gina Amundson Director, Graduate Programs Blane Anderson Director of Finance and Operations Kate Burch Director of Communication Robert Harper Director, Undergraduate Career Development and External Relations Legacies Steve Long Director, Energy Management Program Cindy Lopez Director, JCPenney Leadership Center Mel Penn Director, Student Support Center Tim Rasnic Director of Development By Debra Levy Martinelli Mary Stephens Executive Assistant to the Dean Charlene Streller Director, Undergraduate Programs Jim Wheeler Director, Center for Entrepreneurial Studies David Williams Director, Business Communication Center Looking superficially, it might not seem as though Sara Williams, Tom Love, Marvin Osborne and John Price Magazine Editorial Staff McCharen Jr. had a whole lot in common. Williams Editor: Kate Burch, [email protected] was a landman. Love was real estate developer. Designer: Beverly Dewey, OU Printing Services Osborne and McCharen owned and operated an Photographers: Kelly Kline, Robert Taylor and Shevaun Williams electrical contracting company. Contributing Writers: Deborah Benjamin, Debra Levy Martinelli, Dawn Shelton, Berry Tramel, Justin Ely and KK Frates On closer examination, though, it’s clear the four were quite similar in the way they embodied the Office of Alumni and Development values and principles that are the hallmark of good Tim Rasnic Director of Development businesspeople: respect, honesty, integrity, hard work Kate Burch Director of Communication and a passion for what they do. Kerrie Green Development Officer Lynann Sterk Director of Special Events and Alumni Relations To honor the legacies of these outstanding individuals and to help perpetuate the code by which they lived and worked, their families and 307 W. Brooks, Suite 105 friends have established endowed scholarships in the Norman, OK 73019-4007 Price College of Business. [email protected] http://price.ou.edu

Throughout this issue of Price Magazine, the artwork on the exterior of Adams Hall is featured. It was sculpted by faculty artist Joseph Richard Taylor (1907-1999) in 1936 A Short but Well-lived Life when Adams Hall was built. The stonework embodies the ideals of business and industry. On the cover: Price College of Business finance student and Heisman Trophy Winner, Sam The American Association of Professional Bradford. Photos taken by Kelly Kline, Ty Russell and OU Athletics Media Relations and Shevaun Williams. Landmen’s Standards of Practice defines the term “landman” as connoting competency, fairness,

Price Magazine is published by the Price College of Business at the integrity and moral conduct in business relations. University of Oklahoma. It is published at no cost to the taxpayers of the State of Oklahoma and printed by University Printing Services. No one exemplified that better than Sara Williams. The University of Oklahoma is an equal opportunity institution. (#43190, 04/09)

2 Price gas exploration company in Dallas. “Sara “People want to keep Sara’s spirit alive was very personable, ethical, driven in our industry,” he says. “I hope the and respected in the business,” Wylie recipients of the Sara Williams Memorial remembers. Scholarship realize what an incredibly amazing person she was.” While many of those who have Scholarship contributed to the scholarship did so No one agrees more than Meredith because they worked with Williams and Williams. “My mom worked as a thought highly of her, at least one had landman in the oil and gas business for never met her. more than 25 years and loved every minute. One of the things that kept her Jason Maloy, a 2005 Price College going through the really hard times of graduate and landman with EnCana her treatment was knowing that she had Honors Oil & Gas (USA) Inc. in Dallas, was her career waiting for her,” she says. “I planning to compete in an Ironman am very grateful to everyone who has competition in Florida last November. contributed to this scholarship fund. My He volunteered to use the race as an mother put herself through school and opportunity to help fund the scholarship. I know she would be so happy to know “When I first heard about the that it is helping deserving students Legacies achieve their dreams.” scholarship, I wanted to participate to give back to OU and the Energy Management program,” Maloy explains. “As I began to meet Sara’s friends and Jason Maloy after completing the Ironman family, though, it became much more Competition in honor of the Sara Williams Memorial Scholarship. about her. From all of the stories I’ve An Entrepreneurial heard, she was a great landman and an Williams, a Yukon, Okla., native and even better mother, sister and friend. Gentleman The Ironman competition became longtime Dallas-based landman, died Family and friends of Joe Love always of leukemia Oct. 8, 2007, at the age of something I could do to honor her and the university.” said that if you were looking up 51. To honor her memory, friends and “entrepreneur” in the dictionary, there colleagues have established the Sara By asking for per-mile donations for would be a picture of him. Williams Memorial Scholarship to be the event – a 2.4 mile swim, 112-mile awarded annually to a Price College bicycle ride and 26.2 mile run – Maloy So when the Joe R. Love Memorial Energy Management student. raised more than $11,000. Scholarship in Entrepreneurship was established in his memory, it made Williams’ daughter, Meredith, public perfect sense for it to benefit students affairs coordinator with Chief Oil & Gas in the Price College Center for in Dallas, graduated from OU in 2008 Entrepreneurial Studies. with a bachelor’s degree in journalism. That legacy, and Price College’s premier “As a real estate developer and Energy Management program, prompted entrepreneur, my dad always was looking Williams’ friends to establish the to do his next deal,” recalls son Michael scholarship at OU. Love, president of CCDC Inc., the real estate company his father founded in “We wanted to do something that would 1964. “People brought deals to him all keep on giving and would encourage the time. He wouldn’t do every one, of other young people, especially women, course, but he would tell the person how to go into this business,” says Leslie to make it work even if he didn’t want Wylie, senior vice president and general to participate. He was a mentor to a lot counsel at Trek Resources Inc. and one of people.” of the scholarship organizers. “Sara is a great role model for them.” This button was worn by Williams’ colleagues Born in Seminole, Okla., in 1938, Joe to remind people about her and the scholarship at Love moved with his family to Snyder, Wylie first met Williams in the early the 2008 North American Prospect Expo. Texas, where his father owned and 1990s at Pacific Enterprises, an oil and operated movie theaters. He returned

Price 5 Love serves as best man at the 2003 wedding of his son, Michael. His brothers also were in the wedding party, from left, Doug Johnston, Robert Love, Joe Love, Michael Love, Jay Johnston and Craig Johnston. to Oklahoma to attend business school impact, his son says, was Leadership other was born last May. They will never at OU, graduating with honors in 1960. Square, a two-tower landmark in know their “Papa Joe” personally, but After graduate school at Southern downtown Oklahoma City completed they’ll know him through his deeds and Methodist University and serving in the in 1984. our memories.” U.S. Army Reserve, he came home and began his real estate career. His initial “I was really young at the time, but I project was Norman’s first multi-unit remember Leadership Square being apartment complex. one of the projects that reinvigorated downtown after the hard times of the Over the years, Love headed a group 1980s,” Michael relates. “My dad was The Greatest of investors that developed the original very brave to do it. He saw the potential Howard Johnson Motel in Norman, benefit for business and for the city.” Generation Personified built the first condominiums and a When broadcast journalist Tom Brokaw golf course in Crested Butte, Colo., Leadership Square remains a downtown hub, home to banks, law firms, national coined the moniker “the greatest constructed Hilton Inns around the generation” to describe ordinary citizens country and developed residential corporations and local companies. Its most famous tenant these days is who came of age during the Great subdivisions and commercial projects Depression and World War II and went throughout Oklahoma City. Oklahoma Thunder, the NBA’s newest franchise. on to build modern America, he might The development that had the most well have had Marvin Osborne and John In true entrepreneurial fashion, Joe McCharen Jr. in mind. Love’s projects weren’t restricted to one industry. He also was involved in Both men earned degrees from the worlds of restaurants, oil and gas, Oklahoma City high schools in the banking and securities. 1930s – Osborne from Oklahoma City Central High and McCharen from Just as important was his role as family Classen High and, characteristic of their man. “My dad had five children and 11 generation, these men kept hard at work grandchildren when he passed away. He for the next half century. Many of those never forgot anyone’s birthday. Every years they worked together, partners year, he had a special Christmas party in Osborne Electric Co., founded by that was held before Christmas Day Osborne in 1943. so the entire family – kids, grandkids, cousins – could get together,” Michael To honor Osborne and McCharen recalls. and to commemorate the 65th year of Love celebrates OU’s National Championship Osborne Electric Co., Mary Osborne win in 2001 at the Orange Bowl. “One of my daughters was 6 months McMorris and John T. McCharen III old when my dad died in 2007 and the

6 Price recently established the Marvin R. had apprenticed before the war, took Osborne and John T. McCharen Jr. a page from his own former boss’s Memorial Scholarship to aid students in book, and offered McCharen and two the Price College of Business Center for other veterans partnerships in Osborne Entrepreneurial Studies. Electric. “At the time I decided to establish a By 1949, Osborne and McCharen scholarship to honor my dad, John had were the sole partners. Six years later, just passed away,” McMorris explains. McCharen bought the majority interest “He and my dad were equally important in the company, which he ran until to the company over the years and our his retirement in 1974. He remained families were close when I was a child. Osborne and his daughter, Mary McMorris. chairman of the board until 1984. I called John, explained the proposal and he was very enthusiastic about Osborne maintained his partnership participating. interest until 1975, when he sold it to John McCharen III, who continues to “We had not stayed in contact over the sole support and the need for homeland run the business today. years so it was wonderful to reconnect. structures was great, the government Our dads would have been happy about determined he was needed more in “My father and John were very loyal that.” Oklahoma. to each other, their customers and their purpose. Their word was always good, Osborne was an electrician who became Each able American did their part. In they would seal a deal on a handshake, an electrical contractor literally “by 1943, he formed Osborne Electric and you never had to question their accident” when he fell off the roof of Co., which worked on numerous large integrity,” McMorris relates. a building and broke his arm. He was government projects, including electrical tasked with preparing estimates for wiring at Tinker Air Force Base, then “John and I wanted to honor them in a future jobs and became such an expert known as Tinker Field. way that would encourage people to go that his boss offered him a partnership. into business for the right reasons and be While Osborne aided the war’s materiel motivated by unquestionable values and When Pearl Harbor was bombed on effort at home, McCharen was an the highest standards.” Dec. 7, 1941, Osborne was among the artilleryman in the 42nd Rainbow millions of young men who tried to Division. When he returned home in late enlist in the military. But as his family’s 1944, Osborne, for whom McCharen

McCharen, Doss Thrasher who still works three days a week at the company, a fixture salesman and Osborne in the office area off the showroom in the NW 4 Street location in 1950.

Price 7 collegeNews Steve Kerr Speaks as Part of the Kanaly Family Lecture Series MBA Students Experience On Sept. 10, the Unique Orientation Price College of MBA Prelude Week, which is designed Business hosted to help MBA students become familiar Steve Kerr, senior with a wide range of terms, culture and advisor at Goldman challenges of the business community, Sachs, as the second kicked off Aug. 18 at Price Hall. speaker of the Kanaly Steve Kerr speaks The week began with introductions Lecture Series. His to alumni, to faculty, staff and administrators of students and presentation, titled Price College. The next four days faculty as part “Leadership in a of the orientation were filled with of the Kanaly Crazy, Complex information sessions on conducting Lecture Series in World,” was well- effective meetings, team building and The winning vessel for the MBA Regatta was September. received by over conflict resolution techniques and the iDUCK, with the supposed ability to access 150 students, featured a math computer camp and all the applications of an iPOD while on the faculty and alumni in Meacham accounting seminar. The week also water. Team members include, from left, Laura Auditorium. Kerr came to Goldman included luncheons sponsored by AT&T Bahamon Velasquez, Dustin Harman, Matthew Sach’s from General Electric, where and Bank of Oklahoma, a ropes course, Damiani, Atanas Chobanov, Daniel Flusche he was vice president of corporate a barbecue and company information and Eric Ellsworth. leadership development for seven session that was sponsored by KOCH years and chief learning officer, Industries and a dinner in Fred Jones which included responsibility for Art Museum courtesy of RiskMetrics The week ended with the annual MBA GE’s renowned leadership education Group. At the annual Prelude Week regatta, sponsored by Devon Energy. center at Crotonville. Kerr also has Banquet, sponsored by OG&E, the This event captures the essence of the been a member of the business school students had the opportunity to hear Oklahoma MBA by testing students’ faculty at Ohio State University, a presentation from guest speaker creativity and ability to work in the University of Michigan and the Joe Castiglione, vice president for teams while working in a competitive University of Southern California, intercollegiate athletics programs and environment. At the Murray Case Sells where he was the dean of faculty and director of athletics at OU. Many faculty Swim Complex, the students were issued director of the Ph.D. program. members were present for the inspiring cardboard, tape, markers and a straight presentation, including Dean Kenneth edge and given one hour to create a Amanda Holloway Named Evans and associate deans Robert craft that would hold one team member Outstanding Senior Woman and Dauffenbach and Jack Kasulis as well as and survive a competitive race. The Homecoming MBA alumni and all incoming MBA teams also were required to videotape a students. commercial for their vessel. Queen This year, Amanda Holloway was named OU Outstanding Senior Second Annual Price College Woman on campus Holloway rides in the Tailgate and was voted Homecoming Parade homecoming with OU senior, The Second Annual Price College of Business queen. She is a Koby Harrington, Tailgate Party was a great success, providing food senior majoring before the football and fun for all ages before the OU win over in marketing and game, where she Nebraska on Nov. 1. More than 350 alumni, friends, advertising, also was crowned faculty, staff and students attended the tailgate and serving as president Homecoming Queen. enjoyed food from JR’s Barbeque and giveaways of the University from Price College, while visiting with other OU Tailgaters of all ages enjoy the 2008 of Oklahoma Student Association. fans. Watch for the date for next year’s Tailgate to be Price College Tailgate, including, from left, Cynthia Goble, Larry Additionally, she is a member of Delta announced in an upcoming e-newsletter and Price Cox, Cassie Karr and Jennifer Cox. Gamma sorority and is an associate of Magazine and plan to join the party! the JCPenney Leadership Program. 6 Price Distinguished Speaker Series Features Archie Dunham On Oct. 23, Price College welcomed former chairman of ConocoPhillips, Archie Dunham, MBA 1966, to campus to discuss energy and the geo- political environment. The discussion was facilitated by Energy Management Director Steve Long and was held in Dunham Dodson Lounge in discusses energy Price Hall. Dunham trends with spent time after the students, alumni discussion answering and faculty. questions posed by students and faculty. The event concluded with a surprise performance by the Pride of Oklahoma as Dunham is a huge fan and was a band member Robert Dauffenbach presents to a crowd concerned with the economy in the panel session held in during part of his time at OU. Dodson Lounge. Economic Panel Session Brings Financial Crisis Price College Information Home Sophomore Crowned Miss Black OU On Oct. 14, 2008, Price College of The forum addressed the origins, Business hosted an economic forum extent and possible future directions The Black Student titled “From Wall Street to Main Street: of the financial crisis and how it Association crowned The Financial Crisis and Its Impact relates to Oklahoma and the local a new Miss Black OU on Our Local Economy.” The event region. Dauffenbach discussed how this spring at Norman was held in the Dodson Lounge of area residents will be affected by the North High School’s Price Hall with close to 200 guests in financial crisis, especially those who performing arts center. Nikki Ajeh attendance. The panel was composed of are retired or close to retirement, The winner, sophomore is pictured after being three Price College faculty members: but stressed that Oklahoma is doing Nikki Ajeh, is studying crowned Robert C. Dauffenbach, associate better than the majority of the nation. finance, accounting and African-American Miss Black dean and director of the Center for Regarding global financial concerns, OU. Economic and Management Research; Yadav then described how the problem Studies. Not only did she Robert Lipe, KPMG Centennial originated with default mortgages in take home the $1,000 Professor of Accounting; and Pradeep the debt markets. He used a global grand prize, but she was also given Yadav, Finance division director and the perspective to explain how we got the opportunity to promote her W. Ross Johnston Chair in Finance. The to where we are in the economy. platform, HIV/AIDS awareness. Ajeh moderators for the panel discussion Finally, Lipe addressed the accounting is seeking to promote her cause by included Adrian Beverage, vice implications, focusing on mark-to- hosting seminars focusing on HIV/ president for government relations with market accounting, in which assets and AIDS awareness. She also hopes to the Oklahoma Bankers Association, liabilities are recorded at market value make young people conscious of and Bradley Krieger, chairman of the each period. The panelists assured the RAIN, a non-profit organization in association with Arvest Bank. audience that they are optimistic about Oklahoma City that provides free the future, especially in Oklahoma. HIV/AIDS testing among other services. In September Ajeh will be competing in the Miss Black Oklahoma USA pageant. Price 7 collegeNews

Executive-in-Residence Program Continues Bringing Back to Business Festivities Together Business Leaders with Faculty, Students In the fall, Price College welcomed a number of prominent business leaders as Executives-In-Residence. Representing diverse industries ranging from consulting to banking, the alumni brought with them diverse ideas to share with Price faculty and students. During their stay, the Executives-In-Residence met with student leaders, attended networking events with faculty and One of the many exciting events of Back to staff and made presentations over their Business Week includes a cookout for students, respective areas of expertise. faculty and staff. The first event held on Oct. 30 was hosted by Chuck Doyle, chairman of The annual “Back to Business” festivities Texas First Banks. Doyle spent the were held Sept. 15 through 18 on behalf day discussing such topics as social of the Student Business Association with entrepreneurship and leadership and numerous companies sponsoring fun attended meetings with students and activities throughout the week. On the faculty. He concluded the evening with Gene Rainbolt talks with students about his morning of the 15th, bagels and cream a presentation to the Finance Student cheese were available to everyone in Association regarding the Visa IPO. experiences during his recent Executive-in- Residence visit. the Clary Lounge, while pizza and pop On Nov. 12, Gene Rainbolt, chairman were offered during the lunch hour on emeritus of BancFirst, spent the the 16th and snow cones in Dodson morning sharing ideas about the BancFirst and the advantages of running Courtyard on the 17th. These three JCPenney Leadership Program’s a family business. days led up to the main event on the philanthropic ventures with faculty Doug Lattner, chairman and CEO 18th, which was held from 4 to 7 p.m. members. The meeting was followed by of Deloitte Consulting LLP, came to and featured hamburgers and hotdogs, a discussion with first- and second-year campus on Dec. 1. He focused on a DJ, Eskimo Sno, mechanical bull MBA students concerning such topics as management information systems and riding, a dunk tank, climbing wall and corporate accountability and governance spent his time on campus discussing Heck’s Party caricatures. This was a great as well as social entrepreneurship. such issues as IT security and system opportunity for the faculty, staff and Rainbolt’s day concluded with a development. Lattner spent his visit students to interact and kick-off the year dialogue amongst entrepreneurship presenting to classes as well as meeting right. students regarding the start-up of with faculty and staff.

Whitney Olson Selected as Whitney Olson Outstanding Senior accepts her Outstanding Price Whitney Olson was selected as the Michael F. Price College Senior College of Business outstanding senior for the 2008- honor from Jack 2009 year. Olson is majoring in management and Kasulis, associate minoring in construction science in the College of dean; President Architecture. She graduates this May and in the fall David Boren; and plans to attend graduate school and study construction Mary Martha management. Olson is a JCPenney Leadership Stewart, president Program associate and participated in the First Fidelity of the Parents’ Integrated Business Core. Association.

8 Price MISSA Accepts Donations for Lone Grove Tornado Victims The Management Information Systems Student Association gathered first-aid kits, sanitary products, warm clothes, blankets, children’s clothing and stuffed animals during a donation drive to benefit the residents of Lone Grove, Okla., after a tornado struck the community in early February. Marissa Cassidy, MISSA philanthropy chair, also made cookies and goodie bags for the kids, and on Valentine’s Day, MISSA made their first trip to Lone Grove with approximately $600 worth of goods donated. After working with Chickasaw Nation From left, Adrienne Barber; Braden White; Larry Nichols, chairman and CEO of Telephone Co., Devon Energy; Steve Long, director of the Energy Management Program at Price which coordinated College; and Rachel Christopher at a recent oil and gas conference in Fort Worth. the disaster relief Devon Energy Makes Generous Gift effort in Lone Grove, MISSA decided to Energy Management Program to make a follow Price College would like to recognize Devon Energy for making a up visit on Feb. 21 special $100,000 gift to support the Energy Management Program with close to $800 in recognition of its 50th anniversary. The donation will help various items purchased as MISSA student Alex Lobodiak aspects of the Energy Management Program. To date, the money the group accepted shows some of the many donations has been used to buy textbooks for the production and markets cash and check made by the college community to class, saving each student over $100, and also to pay for the Energy donations, then Lone Grove tornado victims. Management trip to Wall Street, where students attended an energy volunteered to buy investment analyst conference in April. This conference was an the most needed items, which included work gloves, excellent educational opportunity for the students who submitted food, toiletries, flash lights, first-aid kits and sanitary essays for the chance to attend and was made possible only through products. A special thank you to students Bobbi Day, Devon’s donation. Marissa Cassidy and Alex Lobodiak, who spent an extra amount of time on this project, according to Mato Ratwatte, MISSA advisor.

Center for Entrepreneurial Studies Ranks Eighth in Nation

The Princeton Review and Entrepreneur magazine ranked the Center for Entrepreneurial Studies in the top 10 of undergraduate programs nationally out of more than 2,000 schools surveyed. OU also was the only Big 12 university to be ranked in the top 10. The top schools in entrepreneurship are decided by a number of different factors, including academics and requirements, number of students enrolled, faculty and outside-the-classroom experiences. The center was formed in 2004 and was ranked 15th in the nation last year. Students in the Collegiate Entrepreneurs Organization meet to discuss upcoming activities for the semester.

Price 9 collegeNews

The Center for Financial Studies ConnXions Holds Hedge Fund Panel Awarded Grant Discussion Through the Target On Sept. 12, Price College and the Center Campus Grant for Financial Studies welcomed distinguished Program speaker Stephen Brown, David S. Loeb Professor The Student Association of Finance in the Stern School of Business at of Marketing and Supply New York University, to participate in a panel Chain Management discussion regarding the risks associated with Professionals at Price hedge funds. Hedge funds have been the focus College, commonly of much attention lately as investors continue referred to as ConnXions, Fred Ford Smith and the students in ConnXions, the to evaluate the current financial situation. Their was given a $2,500 grant Student Association of Marketing and Supply Chain black box nature and unconventional investing from the Target Campus Management Professionals, take a moment for a strategies have caused debate as to whether they Grant Program. The Target picture during a recent meeting. help or hurt the financial markets. Campus Grant Program The program began with a presentation by provides financial support Brown in which he presented recently published to schools for programs that research that links hedge funds’ past legal or develop and influence future business and community leaders. This program regulatory problems with their operating risk. is part of Target’s larger giving program, which donates 5 percent of its profits The program continued with a panel discussion to charitable activities and funds. The mission of ConnXions is composed focusing on hedge funds’ impact on price of goals that qualify it for the grant program. These include, encouraging efficiency and volatility in the market. The panel the professional development of the members and academic achievement, consisted of investment professionals and finance increasing the interaction between business professionals and students and the scholars including Brown; Mark Horrell, founding interaction between business students and faculty, and broadening members’ partner and portfolio manager for Hercules understanding of business life and business activities. The current company Security Investments; Guy Patton, president sponsor of ConnXions, Unum, as well as Chelsey Caldwell, student president, and CEO of the OU Foundation; and Pradeep and faculty advisor Fred Ford Smith, thank Target on behalf of all the Yadav, director of the division of finance and W. members. Ross Johnston Chair of Finance. Gary Emery, Oklahoma Bankers’ Chair in Finance organized ExxonMobil Presents Check at Annual Presentation Each year ExxonMobil graciously donates to the Price College of Business, the College of Engineering and the College of Atmospheric and Geographic Sciences. On Sept. 17, Bob McKenny, ExxonMobil’s regional reservoir engineering manager, and Margaret Dolbear, manager of upstream applications support for ExxonMobil, presented the check Stephen Brown, Guy Patton, Pradeep Yadav, Mark at a luncheon held Pictured at the ExxonMobil Luncheon, from left, Tim Rasnic, Horrell, Gary Emery and Kenneth Evans at the with representatives Kenneth Evans, Margaret Dolbear, Bob McKenny, Fran Ayres beginning of the panel session. from each college. and Laku Chidambaram.

10 Price MBA students and the professor for the Dream Course, Daniel Ostas, stand in front of the Federal Penitentiary in El Reno, Okla., during a field trip to the facility.

Price College MBA Students Go to Prison The winning team for the Bruzzy Price College MBA students went business crimes. Both prisoners were Westheimer Presentation Competition to federal prison in the fall! The quite articulate and both were serving shows off its large check. trip was part of a “Dream Course” lengthy sentences. The prisoners designed by Daniel Ostas, James G. detailed their crimes (embezzlement Harlow Jr. Chair in Business Ethics, and fraud) and the MBA students Sixth Annual Bruzzy in conjunction with his teaching of asked scores of questions. Ostas would Westheimer Presentation the business ethics and law course in like to express his gratitude to Warden Competition the Price College MBA program. In Hector Ledezma and to Assistant October, 40 students in Ostas’ class Warden Chris Adams for graciously On Nov. 15, Price Hall hosted the toured the minimum and medium accommodating the visit. Expenses for Sixth Annual Bruzzy Westheimer security facilities at the Federal the trip were provided by President Presentation Competition. The Correctional Institute in El Reno. Boren and Provost Mergler as part students in the competition The students talked at length with two of the University’s “Dream Course” ranged from sophomores to prisoners convicted of white-collar program. second-year MBA students and competed in teams of threes. There was high interest in the Accounting Team Places competition this year, with only in the Top 10 in Tax Case 15 teams permitted to participate and five additional teams on a Competition wait list. Judges included Price In November, a team of four students College development officer from the John T. Steed School of Kerrie Green and board members Accounting was recognized as one of Jim Barnes, Carl Gibson and the top 10 performing teams in the Bruzzy Westheimer, who also seventh annual Deloitte Tax Case Study Terry Crain, Dale Looper Chair in was a sponsor of the event. The Competition, a nationwide interscholastic Accounting, far left, and Andy Cuccia, Grant winning team, which won the competition for tax accounting students. Thorton Faculty Fellow, far right, are pictured $4,200 cash prize, was composed with the winning team, from left, Jordan Nearly 60 teams assembled from 44 of undergraduate students Daniel colleges and universities met at 11 Geurkink, Jacob Hill, Sarah Tintera and Kathleen Via. Sposito, Richard Loeffler and Luke regional Deloitte offices around the McCarley. country to compete. Each team was then their findings to a panel of judges from presented with a complex, hypothetical Deloitte Tax LLP for evaluation. The top case study that tested their knowledge on 10 teams from either the undergraduate a variety of tax topics. or graduate division were recognized, The teams had five hours to develop sharing approximately $100,000 in a solution based on the tax code and individual scholarships and institutional treasury regulations and submitted awards.

Price 11 focus on faculty

Mike Buckley, JCPenney Leadership to their MUF counterparts. Needless to say, this creates a Chair, professor of management and paradoxical management problem for the franchisors. The paper psychology, and his colleagues Dave concludes with implications for practitioners and future academic Ketchen and Chris Craighead won the 2008 researchers. Best Paper Award for the journal Business Horizons. The paper, titled, “Time Bandits: Chitru Fernando, Michael F. How They Are Created, Why They Are Price Professor of Finance and director Tolerated, and What Can Be Done About of the Center for Financial Studies, Them,” is a timely article that addresses how published three papers and had several one of the most valuable of organizational resources, its human research presentations in 2008. His article resources, is underutilized, why such misuse of employees’ time “Environmental Risk Management and the is tolerated by management and what can be done to rectify time Cost of Capital” (with his OU colleague, banditry. Mark Sharfman) was published in the Strategic Management Journal. He published Rajiv Dant, Helen Robson Walton “Common Liquidity Shocks and Market Collapse: Lessons From Centennial Chair in Marketing Strategy the Market for Perps,”(with Richard Herring and Avanidhar and professor of marketing and supply chain Subrahmanyam) in the Journal of Banking and Finance. He also management, received the Best Conference published “Can Firms Use Hedging Programs to Profit From Paper Award for his paper, “An Introspective the Market? Evidence From Gold Producers” with Tim Adam in Examination of Single Unit Versus Multi the Journal of Applied Corporate Finance. Three of his other papers Unit Franchisees,” at the 23rd Annual were presented at several conferences and seminars, including the Conference of the International Society 2008 Financial Intermediation Research Society Conference in of Franchising in February. The paper was Anchorage, Alaska; the 2008 Financial Management Association co-authored by Scott Weaven, Ivan Lapuka, Brent Baker and European meetings in Prague, Czech Republic; 2008 Financial Hyo Jin (Jean) Jeon and discusses the emergence of multi-unit Management Association meetings in Dallas; and the 2008 franchisees as the dominant form of franchise ownership. German Finance Association meetings in Münster, Germany. During the fall semester, he spent a sabbatical at the SMU Cox Franchising represents almost 40 percent of all retailing in the School of Business, where he started a new research project on country today and is the fastest-growing form of retailing in the “dark side” of information disclosure, arising from differences the world, thanks in part to the codified and proven knowledge in opinion and the costs of portfolio rebalancing. transfer implicit in the sale and purchase of a franchise. However, much of the franchising literature assumes that the typical franchisee is a small operation functioning as an agent of a large Daniel Ostas, Harlow Chair in corporate franchisor entity. This is no longer true. Multi-unit Business Ethics and professor of legal studies, franchisees (i.e., franchisees that operate more than one outlet recently received two awards acknowledging within a franchise system) are rapidly becoming the dominant his scholarly research. His article, “When and pervasive form of franchising in many sectors. Franchisors Fraud Pays: Executive Self-Dealing and support MUF because this organizational form facilitates more the Failure of Self-Restraint,” won the rapid system growth, system-wide adaptation to competition, “Ralph C. Hoeber Award” as Best Article minimization of horizontal free-riding, a general reduction of in Volume 44 of the American Business system attrition rates, and the strategic delegation of price or Law Journal. His paper, “Exploiting quantity choices to franchisees. However, this new emergent Under-Enforced Laws: An Economic and Ethical Assessment of franchising reality creates all kinds of agency problems since Corporate Legal Strategy,” was named the Best Conference Paper these MUF act as mini chains within chains. The award-winning at the Academy of Legal Studies in Business National Conference paper is motivated by a desire to set the record straight on in Long Beach, Calif. Both awards were announced at the ALSB conceptualizing franchising strategy from the lenses of MUF as National Conference in August. compared to single unit franchisees. Data show, among other things, that even though MUF may David Ralston, Price Chair in International Business and be preferred by franchisors for the reasons cited above, it is professor of management, serves as the consulting editor of the the SUF that characterize their dyadic relationships with their Journal of International Business Studies and chair of the research franchisors as more relational and cooperative as compared committee of the international management division of the Academy of Management. He coauthored two articles this past

12 Price semester, including one for the Journal of inconsistent behavior, analysts’ stock recommendations are International Business Studies titled, “Ethical negatively related to future stock performance. While analysts’ Preferences for Influencing Superiors: A earnings forecasts are useful inputs into valuation models (i.e., 41 Society Study,” and another titled “The they help in predicting future stock performance), analysts do not Impact of Life Stage and Societal Culture appear to use them in setting their recommendations. In other on Subordinate Influence Ethics: A Study words, analysts do not practice (recommend) what they preach of Brazil, China, Germany and the U.S.” in (forecast). the Journal of International Management. One reason for these surprising results could be that analysts have incentives other than using their recommendations to Bryan Stanhouse, associate signal mispriced stocks (e.g., increasing their compensation, professor of finance, recently completed improving relations with management, garnering investment “A Computational Approach to Pricing banking business for the brokerage firm, “hyping” the stock to a Bank Credit Line,” a research paper garner brokerage trading volumes and increasing the value of submitted for publication at the Journal shares personally owned). In fact, analyst behavior has received of Money, Credit and Banking. Using widespread criticism in the financial press and several groups trended Brownian motion to characterize have called for reforms to the analyst industry. Thomas and borrower cash needs over time, Stanhouse his colleagues examine how recent regulations affect the way was able to derive a probability density valuation estimates map into recommendations and subsequently function for the time to depletion of a bank credit line as well relate to future stock returns. They conclude that recent as the likelihoods for the time to exhausting the sources of regulations have affected analysts’ outputs – forecasted earnings liquidity that fund the loan. Armed with these analytic results, and stock recommendations – but investors should be aware Stanhouse then solves for the “price” that maximizes the bank’s that factors other than identifying mispriced stocks continue to intertemporal expected profits from the loan. His results also influence how analysts recommend stocks. provide the optimal configuration of the assets that the bank uses to finance the credit line as it is taken down stochastically over time. Stanhouse’s optimality conditions produce a system At the 29th International Conference on Information Systems of integral differential equations that refuse to yield reduced held in Paris, France, in December 2008, Robert Zmud, form equations for the endogenous variables. Consequently, the Michael F. Price Chair in Management values of the bank’s decision variables that satisfy the FOCs were Information Systems and professor of simulated over a host of scenarios. MIS, was named a recipient of the LEO Award. Named after one of the world’s first commercial applications of computing A paper titled “Do Analysts Practice What They Preach and (The Lyons Electronic Office), the purpose Should Investors Listen? Effects of Recent Regulations” written of the LEO Award is to recognize truly by Wayne Thomas, John T. Steed outstanding individuals in the Information Chair and associate professor of accounting, Systems academic community who have along with Ran Barniv, Ole-Kristian Hope made exceptional contributions to research in and/or the practice and Mark Myring, recently was published of Information Systems. Prior to 2008, 17 internationally in The Accounting Review. Analysts’ stock renowned scholars had been recipients of the LEO Award. With recommendations (buy, sell and hold) are four awardees in 2008, including Zmud, there are now 21. widely available for most firms and are used by both sophisticated and nonsophisticated The LEO Award was established in 1999 by the Council of investors. Conceptually, analysts should the Association for Information Systems and the Executive input their own earnings forecasts into theoretically correct Committee of the International Conference on Information residual income valuation models. Then, based on the stock’s Systems. LEO Award winners are expected to be a role model current trading price, recommend buy (sell) when the valuation and an inspiration to colleagues and students within the model suggests that the stock price is too low (high). Contrary Information Systems field. In addition, they should be capable to expectations, Thomas shows that analysts’ recommendations of commanding the respect of individuals from outside the field are negatively related to residual income valuation models (i.e., because their contributions will have had an impact in fields analysts tend to recommend stocks whose price seems too high). other than Information Systems and their exemplary professional Instead, analysts are more likely to base their recommendations and personal integrity. on valuation heuristics (or rules of thumb). As a result of this

Price 13 Heisman Winner Scores Big at Price By Berry Tramel

Sam Bradford has a secret. The kind of revelation a very high level. Having arrived at OU in summer 2006, rarely shared by a football player. Bradford is on track to graduate with a finance degree this December, if he decides to take his usual summer Bradford likes school. The University of Oklahoma’s load. Heisman Trophy-winning quarterback always has liked and Bradford’s current school is the Michael F. Price And he’s made one B in college, in Calculus II in spring College of Business. 2008. Of course, most of us like the things we’re good at, and “Frustrating,” Bradford said, with the same kind make no mistake. Bradford is very, very good in the of description he might use in talking about an classroom. interception. “I had an A going into the final and didn’t do well on the final.” “It’s just a challenge,” Bradford said. “There’s always something to do. Always something to solve. You’re Oh well. Bradford shrugs off interceptions and shrugged always competing against yourself to make a good off that solitary B. “I let that stuff go,” he said.N “ o sense grade.” in letting it get to you.” Just like in football, Bradford competes in academics at “I can count on one hand, in 29 years, the numbers of

Above: Taking time to study during his hectic schedule is a top priority for Bradford.

14 Price Oklahoma City area. with, they’re trying to learn, too,” Bradford said. “I really haven’t come “I’d like to claim it was my into any problems with that. academic tutelage, but it’s not,” Gurney said. “It’s a credit to his “I haven’t noticed any special parents and it’s a credit to Sam that treatment because I play football.” he’s able to do so much and he’s able to do so much well.” Ron Anderson, a professor of management who taught Bradford, The Oklahoma quarterback, said, “He seems to integrate well. If even sans Heisman, is the big someone were to tell me he was the man on campus. It can make Heisman winner, you wouldn’t even for uncomfortable moments in know it.” classrooms. But Bradford and his instructors say that’s never been an Nate Stout, who last summer Bradford has athletic ability in numerous issue, that his celebrity status is no taught Bradford in an introduction sports, including baseball, which he factor in class. to information systems class, said played from an early age. athletes by definition have to have “Really, everyone I come in contact an extreme amount of confidence. student-athletes who truly are scholars, Sam is one of them,” said Gerald Gurney, Ph.D., OU’s senior associate athletic director for academics and student life, who has been involved in academic counseling for athletes since 1980. Gurney referred to Bradford’s status as not just the on-field leader of the Sooner football team, but the off- field point man. “The morning he got back to campus from the Heisman awards, his first question was how his offensive line did academically,” Gurney said. “Did he need to talk to anyone?” Bradford’s academic commitment stems from his upbringing. Parents Kent and Martha instilled in Bradford the values to pursue widespread excellence. At Putnam City North High School in northwest Oklahoma City, Bradford was one of the scholar-athlete honorees from the National Football Foundation and The Oklahoman’s 2005-06 scholar- athlete award winner for the greater

Bradford works to hold the Heisman with his good hand after winning the Heisman Trophy in December.

Price 15 . . . Bradford is a problem-solver on and off the field. Just as his athletic ability surprises some — his whirlybird run against Oklahoma State, for example, when a scrambling Bradford dove toward the end zone and was upended by a Cowboy linebacker, flipping Bradford feet up for a Heisman video moment — Bradford improvises in the classroom.

Photos courtesy of the Oklahoman

“Some tend to come off cocky,” “Sam was such a good guy, quiet, yet practices and weight training during Stout said. “Some, they want the he seemed to have this confidence the autumn. attention. They have to have that huge about him. He was never the first one self-esteem. to stick up his hand, but if you asked “Especially a game week, I might stay him, he knew the answer.” up past midnight or later, studying “Sam, he wasn’t arrogant. He was for a test,” Bradford said. “When able to build up a rapport with Bradford is an unassuming superstar someone does recognize what I’ve (students) very quickly.” who quickly tires of the spotlight. But done, it really is a nice compliment.” he said he appreciates the accolades Stout said he grows tired of being from the OU academicians. Bradford in January announced he asked if athletes earn their grades. would stay in school and forego the “I take a lot of pride in that,” National Football League draft for at “Oh my goodness, stop,” Stout says Bradford said. “I do put a lot of effort least another year. Bradford has two he tells them. Stout calls Bradford into my schoolwork.” seasons of eligibility remaining. the classic example of a high- achieving student-athlete. “He’s one Still, it’s not easy, particularly with A mega-contract with the NFL is of the brightest people I have met in the time demands of football, which virtually assured, but Bradford said teaching this class,” Stout said. require extensive film study, meetings, he will plan for life outside football.

16 Price all that works. I’m gradually starting expectations we place on the to understand it more.” quarterback. And with the type of scholar-athlete he is, they’d be happy Stout, a big sports fan, said he sees with just that. correlations between business and football. “But he takes on a leadership role. He brings everyone else around him “I think there are similarities,” Stout to a higher level.” said. “That may be why he was good in my class. It’s very analytical, too. Bradford would just as soon put a In today’s sports, it’s all broken down clamp on the deity angle. Yes, his into numbers.” grade-point average is in the 3.95 range, and yes, he admits he likes Stout’s example: a quarterback must school. But there are times when he’s know tendencies and percentages and like every other college student and must use that knowledge quickly to would like to sleep in or take a day predict and decide what play to run off. or where to throw. “There are times maybe I don’t “It really becomes a statistical and have quite the drive or motivation numbers game,” Stout said. “Any you would like to have,” Bradford good quarterback is going to be good said. “Times when you have to push in reading and knowing what the yourself and grind it out.” percentages are.” That’s where perhaps Bradford’s Uh, maybe not. Bradford said it’s athletic background comes in handy. “apples to oranges. I really don’t see Football players don’t take a day off. any relation to football. Don’t skip practice just because they “If you looked at it on paper, you feel like it. Bradford applies the same could compare. But once you get thing to his academics. out on the field, all that stuff goes “I just kind of try to lead by out the window. I’m not thinking, example,” Bradford said. “I value my third down, they’re gonna blitz 78.2 education. When guys see that, they percent of the time.” may take their schoolwork more But without question, Bradford is a seriously.” problem-solver on and off the field. Gurney said he was nervous in the Just as his athletic ability surprises week after the national championship some — his whirlybird run against game, wondering if Bradford might Oklahoma State, for example, when leave the university for a pro football a scrambling Bradford dove toward career. Nervous, but not surprised He said he has considered both law the end zone and was upended by a when Bradford decided to remain a school and a master’s degree in Cowboy linebacker, flipping Bradford Sooner. business. feet up for a Heisman video moment — Bradford improvises in the “I believe that Sam came to the “I’m finding you can do so many classroom. University of Oklahoma to get an things with a finance degree,” education,” Gurney said. Bradford said. “No matter what you Gurney said an instructor told him do, you always need a business sense.” that Bradford “finds solutions to “Sam Bradford is going to be very problems they hadn’t even thought successful in whatever he chooses to His favorite classes so far? Two of. He just looks at things in a unique be. If he were hurt and unable to play accounting courses and a finance way. I don’t know what his IQ is, but again, I have no doubt he would be a class that focused on the stock clearly it’s above mine.” leader in his chosen profession. market. “I just enjoy accounting,” Bradford said. “And the finance “Sam’s so unusual, to be able “Sam is one of the best ambassadors class was the first time we really to juggle having unbelievable for this university. He’s just a talked about stocks and bonds and expectations on the athletic field. remarkable person.” different financial markets. I’m kind of intrigued by the stock market, how “If you can imagine how many

Price 17 Doyle is on the trading floor during VISA’s opening on Wall Street. Banking on Family Values By Deborah Benjamin As a boy, Charles “Chuck” Doyle slipped into a seat on discovered an important lesson from those OU football the 50-yard line of Oklahoma Memorial Stadium games: that teamwork is vital to success. to watch some of the University of Oklahoma’s greatest football players. Many hailed from the “That’s why I guess I’m so fascinated by coaches, part of the Sooner State Doyle knew as home, a because coaches have to build teamwork or they’re small town in the state’s southwest corner called not going to win, and the same thing is true of Mangum. Seeing hometown stars like OU business and life,” Doyle said, noting that his family‘s football standout Dick Heatly was inspiring to support is instrumental in everything he does. “And Doyle, but little did he know that he, too, would that is what I’ve found to be the key to it all.” be a role model for future generations of that After two years at Kemper Military School, Doyle small dusty town in “short grass country.” transferred to OU, where he majored in business Doyle has always known that hard, honest work administration, with a management and economics pays dividends. His business acumen is, in part, concentration. OU was a natural choice, as Doyle due to his education at OU and to seeing to the recalled his days of going to games and the excitement everyday operation of the family brick company. He also he felt while on campus. It also proved to be an important

Doyle and his college sweetheart, Mary Ellen, Aug. 25, 1956, on their wedding day.

18 Price choice; Doyle said he met the single the business, including serving as most important person in his life mayor of Texas City for a decade, there: his wife, Mary Ellen. with more than $100 million in city improvements made under his Upon graduation in 1956, Doyle leadership. Son Matt now serves as joined Union Carbide Corp. in Texas the town’s mayor. But it’s perhaps City, Texas, and briefly left to serve Doyle’s role as a member of the board in the Army, landing in the same unit of directors of VISA U.S.A. Inc. and as rock musician Elvis Presley. “We Visa International that has offered one had quite an experience with that,” of his biggest career achievements: Doyle said with a chuckle. He went the initial public offering of VISA, back to Union Carbide in 1958, The entire Doyle family at a recent gathering. which trades on the New York Stock while also working toward an MBA at Exchange under the ticker “V.” Doyle the University of Houston, which he was introduced to the VISA board earned in 1961. We’re all in this together. while he served as president of the It wasn’t until 1973 that Doyle would Independent Community Bankers of lead a group of investors to purchase If you have that America. the First State Bank in Hitchcock, “Being on that floor of the New York Texas. This was the beginning of attitude, you’ll have a Stock Exchange for the opening day Texas First Banks, owned by Texas and ringing the bell for the IPO of Independent Bancshares, which Doyle VISA, the largest one in the history of heads. The family of banks now has successful company... the United States, obviously that was almost $700 million in assets and is a thrill beyond all imagination; I never located across Galveston County, even expanding its brand to dreamed I’d be there,” Doyle said. “But that was reaching the other neighboring counties. top of the mountain. Getting there was really the excitement of Doyle has built a reputable banking empire, using a it and what I loved the most.” community-focused philosophy and business model. Doyle’s While Doyle often credits mentors like his favorite OU most recent venture involves the establishment of Houston professor, William Keown, for his own success in getting to Business Bank, a state-chartered bank that caters to small- to the “top of the mountain” of his career, it’s Doyle who now medium-sized businesses and does this by developing strong epitomizes what a businessman should be, and he is taking relationships with its customers. a leading role in mentoring. In October, he participated in “I always wanted to be in banking,” said Doyle, chairman of Price College’s the board of Texas First Banks and chairman and CEO of Texas Executive- Independent Bancshares. “At the time (late 1960s, early 1970s), in-Residence Union Carbide kept asking me to go to 270 Park Avenue in Program, which New York. By this time, Mary Ellen and I had a houseful of provides students children. I wanted to do something different and raise them in a experiential different environment and, if possible, have something that they learning could be involved in with me.” opportunities by giving them a As he had hoped, Doyle’s successful banking enterprise has chance to interact been built on family values and has allowed his own family to with industry work with him, including sons Matt (vice chairman, Texas First leaders. Doyle Banks), Christopher (president/CEO of Texas First Banks and said he discussed president of Texas Independent Bancshares), David (director, Doyle, along with other VISA board members, community rings the bell to begin the day of trading on Wall Texas First Banks) and Patrick (general counsel and member of banking Street. the board of directors). Doyle treats those who work for Texas and socially First Banks like family, as well, even finding temporary housing conscientious for those who lost, or had extensive damage to, their homes business development, his role in VISA’s public offering and also during Hurricane Ike. fielded questions from students. “We’re all in this together. If you have that attitude, you’ll have About the experience, he said, “Going back and meeting these a successful company,” said Doyle, who is also on the Price students, and seeing how bright they are and how energetic College Board of Advisors. they are, and how enthusiastic they are about going into the Doyle has indeed been successful with Texas First Banks, but business world and being a success, and the confidence and he also has had some notable accomplishments outside of leadership that they show -- it’s really exciting to me.”

Price 19 The SBA: Past, Present and Future By Dawn Shelton

SBA 2008-2009 Officers, from left, Justin Ely, Amara Johnson, Chris Mock, Paige McDavid and Maziar Daee.

20 Price Working behind the scenes, late at night O’Brien’s fondness for SBA is also and between classes, the officers of the personal. As outgoing president, he Student Business Association are back served on the selection committee for on the scene, striving to ensure that all new SBA officers and came across what business students have the opportunity he called an “outstanding application” for success. from Rachel Hess, who was selected to be SBA vice president. The SBA, after a period of dormancy, is back and is quickly becoming the “I got to know Rachel at the meetings The SBA: “go-to” group for those who need help, and events I attended. Our first date connections or input. The SBA serves as during the fall of 2003 led to many the umbrella organization that unifies all others and ultimately to our wedding Past, Present and Future student business groups and streamlines day in October 2007,” he said. communication and cooperation throughout Price College. Rachel (Hess) O’Brien currently is a doctoral student at the University of Dean Kenneth Evans is credited with Virginia’s Curry School of Education. bringing back the SBA when he became Before that, she received a masters dean of the Price College of Business in degree in economics from the 2007. University of Virginia and remembers fondly the days of serving as the SBA “I was interested in finding a way to vice president in 2003-2004. get student input into what we were Blake O’Brien, former SBA president, and doing and engage them in important Rachel (Hess) O’Brien, former SBA vice “My most memorable SBA experience activities that I thought were valuable in president, are pictured at their graduation in was the Halloween event. I helped enhancing the student experience,” he 2004. organize a carnival for local children. said. It was a great opportunity for SBA new territory without a map. Still, the members to give back to the Norman The SBA organizes Back to Business activities that range from Halloween community (and to relive our Week at the beginning of the academic carnivals to helping achieve the college’s childhoods while bowling and face year, which encourages all business goals are reminiscent of the SBA of the painting with the local princesses and students to get involved in student past. Blake O’Brien, who served as the pirates). Also, the event was personally organizations and campus activities. Back 2002-2003 SBA president, is pleased to significant for me since that is when to Business Week is sponsored by several see the revival. I gave my future husband my phone companies and has a fun side, including number,” said Rachel O’Brien. free food, prizes and even mechanical “My advice to the current SBA officers bull riding. is to take chances as an organization. College organizations provide a safe Other SBA activities throughout the environment to test leadership skills and year include organizing and hosting to experiment with different types of leadership summits for student leaders, student events,” said O’Brien, who is getting involved in community service an MBA student at Darden Graduate projects and assisting the college with its School of Business at the University Distinguished Speakers Series. They also of Virginia and previously worked at keep the dean’s office apprised of student ConocoPhillips and Wachovia Securities. concerns and interests. “SBA provides its officers with many “What I like about the SBA student hands-on leadership opportunities. experience is they learn to navigate The public speaking and networking across many interests represented in skills I acquired as an SBA officer were the college. SBA tries to represent the extremely helpful to me in my first two collective student voice in the college as jobs and differentiated me from my Justin Ely and Chris Mock visit with W.R. opposed to a specific interest area,” said peers. We currently face a challenging Evans. Howell during his visit in November to Price hiring environment – every little bit of College as part of the JCPenney Leadership After revitalizing SBA, Evans said the college leadership experience helps,” he Program’s 20th Anniversary celebration. officers are doing very well charting said.

Price 21 When Evans revitalized the SBA more than a year ago, he was impressed with the motivation of the students. “The one thing that I was struck with when I started talking with these students is they were looking for involvement. The ones who stepped up wanted to make a difference, not to just add another activity to their resumés.” Maziar Daee, current SBA president, sees the value of giving back and making the most of his Price College experience. “We have a vested interest in the university. The better the university, the higher the value of our degree,” said Daee, a senior finance and energy management major from Broken Arrow, Okla. Daee has had the value of mentoring modeled for him when he recently met Jim Shelton, who was SBA president in 1977. Shelton told him the opportunity to think out-of-the-box propelled At Back to Business Week in September, Justin Ely, Vitaliy Tyan, Amara Johnson, Paige McDavid, him to a successful and challenging Chris Mock and Aaron Boag, former SBA president, make sure everything is running smoothly with career fighting piracy in the satellite all the activities for students. broadcasting industry. It is a career that did not even exist when he graduated. SBA officers are Chris Mock, vice “I am very proud of these student “We didn’t know how to fight stealing president and a senior accounting and leaders,” said Evans. “Their future satellite programming back then. But we finance major from Denton, Texas; success, professionally and personally, ended up turning around an 80 percent Paige McDavid, chief communication will be a function of understanding the rate of theft. We were creative and officer and junior marketing major from mosaic of living in our complex society.” persistent,” he said. Oklahoma City; and Amara Johnson, secretary and energy management “This campus is amazing in the way In the current economy, creativity and major from Moore, Okla. The new SBA we engage students in professional and persistence can make the difference section of the Price College web site community service. It is difficult for a when students enter the job market. was created by Vitaliy Tyan, and the SBA student at OU to have not had some Current SBA officer Justin Ely, vice staff adviser is Robert Harper. type of non-curricular involvement president of finance, admits jobs might in a student, college or university not be as plentiful as they were just a From networking with alumni at organization,” said Evans. year ago, but says SBA also tries to instill campus functions, to working special confidence in the students. events such as the Speaker Series, SBA “It is the opportunities personally and officers will be there – working where professionally while a student at OU’s “These things are cyclical. We’re seniors. needed to ensure the success of the Price College of Business that makes It might be a challenge to find a job event. our programs so valuable. SBA is one of after we graduate. But that isn’t much of those important experiences that make a concern. Five years from now, things “For most new graduates, it will be a difference in our students’ lives. I am will be a lot better,” said Ely. many years before they have enough pleased that SBA is again an active and corporate clout to enjoy that kind of contributing part of our enterprise.” In addition to Daee and Ely, a senior running room in the real world,” said finance and energy management major O’Brien. from Southlake, Texas, other current

22 Price facultyPROFILE Pradeep Yadav Director of the Division of Finance Pradeep Yadav was born and raised Yadav’s practical business education Financial Research Research Fellow at in India, graduating from Delhi also started within the Indian the University of Cologne in Germany. University, where he earned gold Administrative Service when, at age 26, medals for being at the top of both his he became the managing director and Yadav and his wife, Mamta, love the undergraduate and his graduate classes. CEO of the state fisheries corporation, warm and friendly atmosphere they and two years later, became the deputy have found in Oklahoma. Before After college, Yadav entered the managing director and deputy CEO of leaving Britain, Mamta worked for Indian Administrative Service, the a public-sector industrial development more than 15 years in management bank. positions in school education authorities. She also is an accomplished In 1986, Yadav went singer trained in Indian classical music, to Britain, earned drum instrument tabla and sitar. Mamta his doctorate from has given over a hundred solo concerts the University of in major concert halls across Britain Strathclyde in finance and many public performances in and joined academia. Oklahoma since she has moved here, Except for being a including OU’s Catlett Music Center. full-time visiting professor at UCLA They have two children: Hemang, and NYU over three 25, and Yesha, 27. Hemang studied years from 2000 to medicine at Cambridge University and 2003, he remained Imperial College, and has just started Yadav opens the International Conference on the Structure and Organisa- his residency in London. Yesha earned tion of Markets in Mumbai, India, in December. Looking on (from left) are in Britain until he Robert Engle, winner of the 2003 Nobel Prize in Economics; CB Bhave, moved to Norman chairman of the Securities and Exchange Board of India; and G. Sethu, in 2005. director of the Indian National Institute for Securities Markets. In his academic highest level of the civil service in career, Yadav has particularly India responsible at senior levels for all enjoyed at least two ventures outside governmental activity. He worked in the normal routine of academic life. different assignments for more than 10 In 1997, he founded and became the years, and feels that each assignment first director of the Scottish Institute was extremely fulfilling, albeit high for Research in Investment and stress, high voltage and in the continual Finance, an inter-university center of public eye. excellence at the interface between academia and industry. In the late The last assignment he held in India 1990s, he became actively involved before moving to Britain was that of with the work of the European Yadav pictured with his family during the holiday season chief district administrator in the Indian Finance Association, eventually (from left) Hemang, Yadav, Yesha and Mamta. district of Sultanpur, with a population becoming the program chair of the of about 2.5 million, and the political 2003 annual meeting and the president the equivalent of a juris doctorate constituency of the then Prime Minister of the association in 2004. from Cambridge University. After of India, Rajiv Gandhi. He was CEO working as an attorney for four years of a government apparatus of about Yadav continues to be active in Europe in a London law firm, she currently is 90,000 personnel, responsible for all and India, serving on the Center for pursuing a graduate degree in law at the governmental activity, including police, Analytical Finance board of advisors Harvard Law School and looking for an tax collection, schools, roads, bridges, at the Indian School of Business, agent to market her recently completed health care, economic and social justice as visiting professor at Lancaster novel. programs and public welfare. University in England and as Center for

Price 23 academic highlight Finance

The Division of Finance at the Price College of Business enjoys a • Two Finance doctoral students, Jesus Salas and Ginka top international reputation for the quality of its faculty. Current Borisova, graduated in 2008 and joined as assistant professors at faculty in the division: Lehigh and Iowa State, respectively. Another doctoral student, • Have published more than 60 scholarly articles in such Duong Le, is graduating this year and will join the University of publications as the Journal of Finance, the Journal of Financial Arkansas at Little Rock. Two doctoral students – Kate Holland and Economics, the Review of Financial Studies and the Journal of Financial Veljko Fotak – are FEEM Fellows, thanks to a gift negotiated by and Quantitative Analysis; and more than 200 other articles in other William Megginson. major journals in finance, accounting, management, economics • A new energy concentration has been started within and related relevant fields. the MBA program this academic year with four new courses: • Serve, or have served, on the editorial boards of several top introduction to energy, trading of energy assets and commodities, finance journals, e.g., Journal of Financial and Quantitative Analysis, energy corporate finance, and energy accounting. Journal of Banking and Finance, Review of Finance, Journal of Futures Markets, Financial Management, and the Journal of Financial Research. • A new risk management course will be taught for the first • Have been the recipient of major research excellence awards time during the next academic year for undergraduate students, as and prizes at international conferences and otherwise, including a prelude to a new risk management concentration. Best Paper Prizes from the Chicago Board of Trade, the New • The Student Investment Fund class taught by Duane York Stock Exchange, the International Association of Financial Stock and Scott Linn continues to offer both graduate and Engineers, the Financial Management Association and the undergraduate students the hands-on opportunity to manage, European Finance Association. using the value-style approach, a real-dollar stock portfolio of • Have received grants for research well in excess of $1 million several hundred thousand dollars. from national and international research councils and other public • The Fixed Income Investment Fund class taught by Pradeep bodies, e.g., the National Science Foundation, the World Bank, Yadav continues to offer both graduate and undergraduate and international higher education research funding councils in students the hands-on opportunity to manage a real-dollar bond Europe and Asia. portfolio of several million dollars. • Hold or have held important elected positions of responsibility in major international professional associations, e.g., • The finance division, the Center for Financial Studies and the the European Finance Association, the Financial Management Oklahoma Bankers Chair, Gary Emery, organized a symposium Association and the Southern Finance Association. on hedge funds in September featuring Stephen Brown, a hedge • Have undertaken significant consultancy in their respective fund expert and distinguished professor at NYU. The presentation areas of expertise, both nationally and internationally. was followed by a panel discussion on “Hedge Funds: Good, Bad • Have chaired several international conferences and/or given or Ugly,” moderated by Pradeep Yadav, with Guy Patton, president several keynote addresses at important professional events. of the OU Foundation, and Mark Horrell, founding partner and portfolio manager at Hercules Security Investments.

Pradeep Yadav is the director of the Division Cathy Little is the assistant for the Division of Finance and the W. Ross Johnston Chair of of Finance and has worked in the Price College Finance. He is past president of the European of Business since 1976. She has served on the Finance Association and currently serves as a Hourly Employee Council and the Staff Senate. member of the CAF board of directors at the Litttle was awarded the Distinguished Service Indian School of Business, as CFR Research Award at the university level and the Staff Mem- Fellow at the University of Cologne, as a visiting ber of the Semester Award several times at the professor at Lancaster University in England and college level. on the editorial board of the Review of Finance.

24 Price Tor-Erik Bakke is a new faculty member in Louis Ederington, Michael F. Price Chair Finance starting this fall. He holds undergraduate in Finance, received the Bruce Magoon Master degrees from the University of Wisconsin-Mad- Teacher Award in 2008. He is spending this aca- academic highlight ison and the University of Oslo. He earned his demic year on sabbatical in Australia visiting at doctorate at the Wisconsin School of Business. the University of Queensland and University of Currently, he is working on topics relating to Melbourne. He was the keynote speaker at the financial development, firm investment policies Euro Working Group on Financial Modeling in and cash shortfalls. His research has been pub- Stockholm last May and will be one of the key- lished in the Review of Financial Studies. note speakers at the Derivatives Down Under Conference in Melbourne in April.

Gary Emery is the Oklahoma Bankers’ Chair Chitru Fernando, Michael F. Price Professor in Finance. He teaches a course on derivative of Finance and director of the Center for Financial securities and markets to undergraduates and Studies, was a visiting professor at the Cox School MBA students and the course on entrepreneur- of Business, Southern Methodist University, in fall ial finance in the Price College’s entrepreneur- 2008. He also is a research fellow at the Wharton ship program. Emery’s current research is on the Financial Institutions Center. He received the Inau- distribution of inventories between suppliers and gural Dean’s Distinguished Research Paper Award customers in a supply chain. in 2008 for his paper with Tim Adam, “Hedging, Speculation and Shareholder Value,” published in the Journal of Financial Economics.

Evgenia Golubeva is an assistant professor Scott Linn, R.W. “Dick” Moore Chair in of finance. She is a member of the American Fi- Finance and Economic Development, serves as nance Association and the Financial Management an associate editor for several journals, includ- Association and currently teaches investments and ing the Journal of Futures Markets. His research has advanced business finance. In the fall, she will be been published in the leading academic journals teaching the introduction to energy course for the in his field and he currently serves as a consul- new MBA energy concentration. tant to the Office of the Chief Economist of the Commodity Futures Trading Commission. Linn teaches at all levels and currently is the instructor for the first Ph.D. class in finance and the first MBA class in the full-time MBA program. William Megginson, Rainbolt Chair in Bryan Stanhouse, Milus E, Hindman Profes- Finance, is the executive director of the Priva- sor of Finance, currently teaches financial markets, tization Barometer. From 2002 to 2007, he was derivative securities and portfolio theory at the a voting member of the Italian Ministry of Eco- Price College of Business. Stanhouse’s research nomics and Finance’s Global Advisory Commit- interests include risk management,commercial tee on Privatization. During spring 2008, he was bank behavior and endogenous uncertainty. the Fulbright Tocqueville Distinguished Chair in American Studies and Visiting Professor at the Université-Paris Dauphine.

Duane Stock is associate editor of the Quar- James Uskert is the coordinator for the un- terly Review of Economics and Finance and was the dergraduate finance program and the faculty ad- first Harold S. Cooksey Lecturer in Risk Man- visor for the Finance Student Association. He agement and the first Michael F. Price Student currently teaches commercial banking. He most Investment Fund Professor. He has twice re- recently came from Merrill Lynch as an associ- ceived research grants from the Prochnow Edu- ate financial advisor. Prior to that, he taught at cation Foundation to conduct banking research Colorado State University and holds a doctorate and is a member of the Financial Management, from the University of Colorado at Boulder. American Finance and Western Finance associa- tions.

Vahap Uysal received the Alumni Teaching Yi Zhou is new to the Price College of Busi- Award for spring 2008 and also is a recipient ness. She has a doctorate in finance and master’s of the Dean’s Competitive Research Grant for degrees in both statistics and economics from spring 2008. His research primarily focuses on UCLA and a master’s degree in astrophysics how value is created in mergers and acquisitions from UC Berkeley. She teaches undergraduate and its subsequent effect on corporate decisions. investment. Her research areas are in the area of asset pricing, derivative pricing, volatility and jumps, credit and default risk, risk management and financial econometrics.

Price 25 CLASS notesHarold Patterson, BBA 1947, retired from in Tishomingo, Southeastern Oklahoma State Commercial Bank and Trust in Muskogee, University in Durant and Oklahoma State Okla., in 1986 as senior vice president. Before University – Oklahoma City. Undergraduate Norman that, he served in World War II in the Air and graduate courses are offered and students Gordon, Force, which delayed him graduating from OU can earn bachelor’s or master’s degrees from any BBA 1942, in 1942. He currently lives in Muskogee, Okla., of the four participating colleges. Farabough and Gary and celebrated his 88th birthday in July. received his JD from Ole’Miss in 1974 and since Gordon, then has been a member of the Mississippi Bar BBA 1969, Patrick Cavanaugh, BBA 1954, served as a Association and the Oklahoma Bar Association. are father major when he retired from the Air Force in He is a partner in the law firm of Pasley and and son 1976 at McCord Air Force Base in Tacoma, Farabough and his practice area is labor law, graduates Wash. He then did coursework in watch and workers’ compensation defense and general clock repairing and began repairing and selling of the liability defense. Farabough served for a number clocks as the Clock Doktor. In 1996, he and his college. of years on the Price College of Business’ wife, Shirley, moved to Silverton, Ore., to be board of advisors and lives with his wife, Jan, Norman near their daughter and her family. in Ardmore, Okla. They have a daughter, Norman Gordon earned his Kimberly Mouledoux, and a son, Brian degree with a double major in accounting Jack Cochran, BBA 1965, relocated to the Farabough. and Indianapolis area as a consulting manager finance, for MorrisAnderson. He has worked for the Kirk Humphreys, BBA 1972, recently started while Gary company since 2000 doing turnaround and another chapter in his career with KFOR-TV, received crisis management consulting in a wide variety the NBC affiliate in Oklahoma City. The of industries. He will help the company to his former mayor of Oklahoma City is the co-host expand their practice in Indiana as well as degree in of the channel’s Flash Point series. He also continue to serve MorrisAnderson’s current is vice chairman for aviation and aerospace accounting client base. of the Greater Oklahoma City Chamber of and passed Commerce, chairman of the Oklahoma District the CPA Harry Gooding, BBA 1969, was named Council of Urban Land Institute and serves exam in chief financial officer for Desert Commercial on many other boards and authorities in the 1971. Bank at the executive offices in Palm Desert, Oklahoma City area. He has been married Calif. He will be responsible for managing all to his wife, Dana, for 35 years and has three Norman aspects of accounting and investment operations children and five grandchildren. ran Samuel throughout the bank’s locations in Riverside Gordon and Imperial County. Gooding brings over John Shaw, DBA 1973, is Jewelers in Gary Gordon 32 years of financial expertise in corporate the author of the fifth edition financial management, business and budget Oklahoma City, the company his father of “International Marketing: planning, as well as mergers and acquisitions. had started in 1904 and managed until his Strategy and Analysis,” He spent 14 of those years at Valley Independent published by Routledge, passing in 1980. Gary took the reins of Bank prior to its absorption by the Dutch-based Taylor and Francis Publishing the family-owned business as CEO and institution Rabobank. He also earned an MBA Co. Ltd. Shaw is a professor added new brands, consolidated stores at Rutgers University and served in the U.S. of marketing and director and took the well-known jewelry store Navy. of the MBA program in to the next level with his son, Daniel, the School of Business at Providence College. who joined the company in 1996. Daniel Jim Shauberger, BBA 1969, MBA 1973, has Other books he has published include “Product started as buyer and advertising manager been named events manager for the Smith Life Cycles and Product Management” and and currently serves as president. Mountain Lake Chamber of Commerce “Consumer Behavior: Strategy and Analysis.” in Virginia. He is a former Naval officer as Shaw would especially like to acknowledge Last June, Samuel Gordon Jewelers was well as a news photographer for the Kansas Dennis Crites, James Constantine, Rodney City Star. He taught classes in photography named one of the top 50 designer retail Evans, Jim Kenderdine, Malcom Morris and photojournalism at OU while owning a jewelers in the United States for 2008 and Marion Phillips for their kindnesses and photo equipment business for almost 30 years. by the Jewelers Circular Keystone Magazine guidance during the years he pursued his Shauberger now owns his own photography doctoral degree in marketing at OU. and all the American and international equipment store called Snopes and Scopes in jewelry designers participating in the JCK Boxwood Green, Va. Bill Browning, BBA 1975, recently became Vegas Jewelry Show, 2008. the office managing partner in assurance and Gary Farabough, BBA 1971, advisory business services with Ernst & Young was appointed by Oklahoma in Los Angeles. In addition to his successes at Gov. Brad Henry to a nine-year Ernst & Young, he and his wife, Nina, have term as a regent for the Ardmore started an endowed scholarship fund, which Higher Education Center. The benefits Price College students majoring in center delivers degree programs accounting. from East Central University in Ada, Murray State College 26 Price Susie Stalcup, BBA 1976, previously served regional president for BNY Mellon Wealth as the chief fundraising officer for Columbia Management and chairman for Bank of New University Medical Center and recently was York Mellon in the Mid-Atlantic region. He Robert appointed vice chancellor for development and manages the company’s portfolio and new Calonkey, alumni relations at the medical center. She joined business development in his region and serves on Columbia University Medical Center after the operating committee for the bank. BBA 1950, serving as senior director of planned giving at and Steve Rice University. Stalcup has previous experience Mark Miller, BBA 1981, after 20 years Calonkey, in finance and estate planning with Merrill experience in the financial industry, has been BBA 1975, Lynch Pierce Fenner & Smith in Oklahoma City named as vice president and commercial lender both call and New York City. for First Bank and Trust Co. in Norman, Okla. Norman He is originally from Tulsa, Okla., and now lives home Scott Stephens, BBA 1976, was promoted to in Norman with his wife, Darla. along with detective with the Purcell Police Department in OU’s Price Purcell, Okla., in Nov. Bob Stayton, BBA 1981, joined PinPoint Directional Services as CEO. He is a 28-year College of Ralph Rolen, BBA 1978, has been named veteran of the oil and gas industry, most recently Business. executive vice president and general manager with Weatherford. Stayton’s experience also Robert for Stored Value Solutions in Louisville, Ky. includes work for the Gas Research Institute started The company is a leading provider of custom and has authored several articles on horizontal Mister Robert and Sara Jean Calonkey solutions for gift and prepaid cards, loyalty and directional drilling. Robert B2B applications. Rolen leads strategic direction, operations, revenue initiatives and product Jeff Cloud, BBA 1983, was recently elected for a development for SVS. He joins the company six-year term as commissioner on the Oklahoma from Total Merchant Services and holds an MBA Corporation Commission. He previously from the University of Texas. served as chairman of the commission. As commissioner, he will work for better Brett C. Bowers, BBA 1980, regulatory, conservatory and environmental is the director of Midfirst safeguards for natural gas and oil expiration and Investment Services. In Feb., production. Cloud holds a degree in petroleum he accepted a board position land management from Price College and his with the Bank Insurance and JD from Oklahoma City University. He lives in Securities Association Bowers Oklahoma City with his wife, Trish, and their has worked in the finance three children, Cooper, Carter and Johnny. Steve Calonkey and Keven Carl industry for over thirty years, spending his entire career in Oklahoma. Greg Curry, BBA 1983, has been elected Fine Furniture in Norman 51 years ago president-elect and chair of the political action with his wife, Sara Jean, whom he met Myles Deering, BBA 1980, is an Army committee for the Texas Association of Defense while attending OU. Steve started with National Guard major general and was recently Counsel. He is a partner of Thompson & Knight the company when he was 13, riding on appointed by Oklahoma Gov. Brad Henry to LLP’s trial practice group in Dallas. Curry’s the delivery truck. He progressed to doing serve as Oklahoma’s top military officer. As practice focuses on general commercial, oil and summer deliveries and then starting full Oklahoma adjunct general, he will serve as gas and environmental litigation matters. He time in the family business in 1975 when he military advisor to the governor and commander received his JD magna cum laude from Texas graduated with his degree in marketing. of the Oklahoma Air and Army National Guard. Tech University. Previous to this position, Deering was assigned Robert and Sara Jean still work in the as the director of manpower and personnel at the Kin Oldham, BBA 1984, was named the central National Guard Bureau in Washington, D.C. region president for Pinnacle, an international high-end furniture store, which features real estate management firm in Dallas. He will Henredon, Maitland-Smith, designer fabrics, Jack Talley, BBA 1980, has been promoted direct the region’s operations and growth, and oil paintings and rugs. The whole family is to senior vice president, retail expansion, for will be responsible for the management of all involved with the business that grew from Sony Pictures Home Entertainment. He will be of its brokerage, commercial, multifamily and one showroom in 1958 to six showrooms responsible for overseeing Sony’s retail expansion public housing. Oldham previously served as today. Robert and Sara Jean’s four children team and the newly launched signature sales managing director and regional partner for 15 all took an interest to the company they were team. Additionally, he will manage the special years with Greystar Real Estate Partners. He surrounded with as children. Steve runs the market sales activity. Prior to joining Sony, currently serves as secretary of the executive operation; Keven, who earned her bachelor’s Talley oversaw MGM’s grocery and drug sales board and vice chairman of the legislative degree in interior design in 1980 at OU, is division and played an integral role in the committee for the Apartment Association of strategic development and implementation of the Greater Dallas. an award-winning interior designer; and scan-based trading business model. Tim, who earned his bachelor’s degree in Rex Duncan, BBA 1985, was elected in communication in 1990 at OU; and Ellen David Kutch, BBA 1981, was named to the November for a second term as Oklahoma work in the office. American Heart Association of Southeastern Representative for District 35, which runs from Pennsylvania’s board of directors. He is the the Sand Springs to Perry area. He received his Price 27 CLASSnotes director of Budo Restaurant in Napa Valley. in Arizona before moving to Iowa with her He currently holds a first-level certificate from husband, Brandon, in 2007. the International Guild of Sommeliers and is JD from Oklahoma City University and served studying to become a master sommelier. Katie Horne, BBA 2004, has been named vice as a lieutenant colonel in the Oklahoma Army president and accounting officer for Vision Bank National Guard and as a Special Forces Green Travis Short, BBA 2000, is the new chief in Ada, Okla. Previous to this appointment, Beret. Duncan’s military career spans 29 years executive officer at Bluewater Managed Services she worked for Grant Thorton, LLP. She is a in the Army National Guard, Army Reserves in Tulsa, Okla. He will lead the company member of the Ada Chapter of the OSCPA and and on active duty. In 2002 through 2003, he focusing on remote IT support for small to mid- the AICAP and attends the Central Church of served 16 months as a Special Forces officer sized businesses. Short also owns SpringPoint Christ. with the special operations command-central in Technologies, which offers outsourced IT the Middle East and the Horn of Africa. services. He and his wife, Megan, have two Vera Taylor, BBA 2004, children, Peyton and Hudson. sales associate at Equity Mike McClendon, BBA 1985, has been named Commercial Realty, has commercial relationship manager for First Matt McCoy, BBA 2003, has formed the been awarded the Certified Fidelity Bank’s Tulsa, Okla., market. He will Matt McCoy State Farm Insurance Agency in Commercial Investment be responsible for the acquisition, retention and Tulsa. He has worked for State Farm for two Member designation by the expansion of commercial business clients for the years as an agency field specialist and prior to CCIM Institute, one of the bank and brings more than 22 years of financial that he was employed in the employee benefit leading commercial real estate experience to the position. McClendon received brokerage world. He is a second-generation associations in the world. The designation his MBA from Southern Methodist University State Farm agent, following his father, Mike was awarded Oct. 16 during the institute’s and was the principal of Michael McClendon McCoy. His agency will specialize in home and meetings in Chicago. Taylor also is active Independent Consulting, a capital acquisition auto insurance policies, but is licensed in all in the local community as co-chair of the and business development firm in Dallas. lines of insurance. Norman Chamber of Commerce’s retail trade committee, member of the Norman Business Tim Lucas, BBA 1989, is the president and Adam Nuse, BBA 2003, has been named vice Coalition, board member of the 89er day CEO of Surgient, the market leader in self- president of the Corpus Christi Hooks minor parade, graduate of Leadership Norman 2005- service virtualization automation and lab league baseball team. He initially interned 2006 and United Way loaned executive. management located in Austin, Texas. He with the Round Rock Express baseball team brings more than 19 years of public and private in 2001 and after earning his master’s in sports Kyle Strongin, BBA 2005, company experience to the company and was administration at Wichita State University, currently works for the San previously CFO and vice president of services he joined the Hooks’ operation as an account Francisco 49ers as the for Surgient. executive then moved into the position of personnel assistant in the director of group sales. He and his wife, Sarah scouting and personnel Steven Floyd, BBA 1991, MBA 1994, is the live in Calallen, Texas, with their daughter, department. Previously he comptroller at the Council on Law Enforcement Lucy. was the director of football Education and Training Facility in Ada, Okla., operations at the University of and recently was named to the inaugural Chad Stuewe, BBA 2003, Mississippi. He went to work Leadership YOUniversity class by the Ada Area drafted the mission guidance for the 49ers in May 2008. Chamber of Commerce. Selected participants and task organization initiative have demonstrated leadership abilities and a for policing units to include Adam Creath, BBA 2006, recently launched commitment to professional development. He, Iraqi Special Forces and the first phase of a social interaction and his wife, Denise, and their two children, Rachel Iraqi SWAT teams while shopping web site. The site, www.thewishal. and Andrew, live in Ada, Okla. serving in the U.S. Navy and com (view it with the username: sampleuser, working with the Combined and password: 12345678), brings together small Jennifer Boulware, BBA 1999, accepted a Joint Special Operations Task Force – Arabian boutiques and shoppers from all over the nation. position in April 2008 with Johnson Controls Peninsula in Balad, Iraq. The plan was briefed Shoppers on the site can add their favorite Inc. in Austin, Texas. She is a solutions account before the minister of the interior, head of all items to virtual closets, which act as interactive executive and directs energy performance policing and security forces in Iraq, who in wish lists, and boutique stores with or without contracting and building efficiency solutions for turn disseminated the plan to his forces. He is web sites can use The Wishal as a medium for the higher education market. married to Kathryn (Wilson) Stuewe, an OU reaching a broader customer base. graduate with a degree in elementary education. Daniel Ha, BBA 1999, is the director of Megan (Henry) Gill, BBA hospitality for Vineyard 29, a 6,000-case-a-year Maegan (Miller) Brown, BBA 2004, serves as 2007, works from home winery in Napa Valley. Most of the wine sold director of development at St. Luke’s Regional for Canaan Resources in by Vineyard 29 is to members of its mailing list, Medical Center in Sioux City, Iowa. She also Oklahoma City. In August, which has a two-year wait to join. Thus, much volunteers her time with Girlfriends of Girls she married former OU of Ha’s hospitality functions at this high-tech, Inc. a local program that connects women student Bryce Gill at Rose 6-year-old gravity-flow winery are tailored with girls and teenagers to offer important Dhu Creek Equestrian toward select members. Prior to his position at life-skills while maintaining an atmosphere Center in Bluffton, S.C., Vineyard 29, Ha was general manager and wine of fun. Brown previously was a bank manager where they now live.

28 Price On November 21, the JCPenney Leadership Program celebrated its 20th Anniversary at the Sam Noble Oklahoma Museum of Natural History. The featured guest of the evening was J. Rufus Fears, David Ross Boyd Professor of Classics and G.T. and Libby Blankenship Chair in the History of Liberty. Fears spoke about “Lessons in Leadership” and paralleled instances from history with the current financial situation to illustrate how responsible leadership is the key to emerging from the downturn.

The JCPenney Leadership Program began in 1988 through the generosity of JCPenney Co. and the vision of JCPenney CEO, W.R. Howell, a 1958 OU College of Business graduate. The program’s goal was to provide leadership opportunities for talented business students and continues to carry out this purpose today. The program currently has 120 associates and is directed by Cindy Lopez.

PricePrice 29 31 Non-Profit Organization U.S. Postage PAID University of Oklahoma

Office of Alumni and Development 307 West Brooks, Suite 105 Norman, OK 73019-4007

The Michael F. Price College of Business at the University of Oklahoma is dedicated to the preparation of future business leaders and scholars through an innovative and engaging educational experience informed by leading edge research.

Thursday, June 11, 2009 8 a.m. Registration 9:30 a.m. Shotgun Start Box Lunch on Course 1:30 p.m. Appetizers and Awards Limited to the first 144 players. For more information or to register, please contact the Price College Office of Alumni and Development at (405) 325-4687.

32 Price