Albers and Wine – It All Comes Back to Business Page 8 Albers Executive Speaker Series Page 6

A publication of news and current events from The Albers School of Business and Economics

Spring 2011

Alumni Profile Albers and Wine – It All Comes Back to Business Page 8 Albers Executive Speaker Series Page 6

Faculty Profile – Dean Peterson Passionate About Economics, Devoted to Kayaking Page 10 What’s Inside? Graduate Program...... 3 Benefits Students and the Community n September we completed a new strategic Albers Faculty...... 4 plan for the Albers School. It will guide Research News our efforts and set our direction over Student Profile: ...... 5 Ithe next three years. The process included Nancy Mikacenic a planning team of nearly 30 faculty, staff, Albers Executive ...... 6 Speaker Series students, and community representatives. Strategic Planning at...... 7 We created a new mission statement that we Albers believe is more inspiring and better captures Alumni Profile:...... 8 our work — Guided by the Jesuit traditions and Albers and Wine – academic excellence, education for justice, and It All Comes Back to service to others, we inspire and develop ethical

Business Message leadership for the global community. Installations and...... 9 The new mission statement acknowledges Dedications how our Jesuit Catholic heritage shapes Faculty Profile:...... 10 what we do and how we do it. The personal Dean Peterson attention we provide to our students, our Dean’s Dean’s Alumni Events...... 11 commitment to academic excellence, and our focus on ethics, social responsibility, and service to society are all steeped in the mission of our institution and are to be on the cover: expected at a Jesuit business school. Red Willow Vineyard in the Increasingly, we are emphasizing the importance of ethical leadership in Yakima Valley with a view business, and our new mission statement calls this out as a key focus and competence. of Mt. Adams Global education is of increasing importance to the university and has long been an important part of the Albers School. Our new mission statement serves to underscore our focus on global business and programs going forward. Within the new strategic plan, we have developed key initiatives around faculty scholarship, curriculum development, global education, technology, human resources, and the Seattle University Youth Initiative. The latter is a university wide effort to support youth and families in Seattle’s Bailey Gatzert Elementary School neighborhood, an area that adjoins our campus. As we move forward on these initiatives, you will be hearing more about them in the Albers Brief. Thank you for your support of the Albers School. As always, please contact me at [email protected] with your questions or comments.

albers brief Editor: Barb Hauke ([email protected]) Contributor: Steve Brilling Joe Phillips Dean: Joseph Phillips Dean A publication of the Albers School of Business and Economics Albers School of Business and Economics Seattle University 901 12th Ave., P.O. Box 222000 Seattle, WA 98122-1090 www.seattleu.edu/albers

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

Graduate Program Benefits Students and the Community he Community Development and Entrepreneurship Clinic “The Community Development & Entrepreneurship Clinic (CDEC) was created with Seattle comes as close to representing the DNA of Seattle U as any TUniversity’s powerful mission in mind, i.e. “Seattle University is dedicated to university program I’m aware of.” – Steve Brilling educating the whole person, to professional formation, and to empowering in their current positions as well as in the program. For the first time, an Albers leaders for a just and humane world.” future. MBA student, Laura Fletcher, is working “The Community Development & “As a person who’s always wanted with Community Capital Development Entrepreneurship Clinic comes as close to pursue entrepreneurial opportunities, (CCD) assisting in doing loan request to representing the DNA of Seattle U as the Clinic offers the unique experience of due diligence. This opportunity came any university program I’m aware of,” intimately working with small business about as part of a larger agreement that explains Steve Brilling, Executive Director owners and developers. The partnership Seattle University made with CCD of the Entrepreneurship Center. “The that is formed has proven to be both by lending them $100,000 at a very students provide a much needed service humbling and empowering for all favorable rate, which they can in turn to an underserved business community participants,” says Jason Chu, a current loan to the community as part of their while at the same time they are growing student in the Clinic. overall program. in their personal entrepreneurial skills Business and law students are So far, the internship seems to be through real, hands-on learning.” partnered up to form a team that provides going very well for Laura, who says, Founded in 2005, CDEC is a joint clients with practical business and legal “As an intern at CCD I am working venture between the Albers Entrepreneur- advice which will assist them in their new with loan officers in the preliminary ship Center and the Ronald A. Peterson and existing business ventures. Each team review of business loan applications. Law Clinic and Center on Corporations, is also assigned business and legal mentors This entails analyzing loan requests and Law, & Society, which is part of Seattle to give the students access to a seasoned reviewing business plans and financials. University’s School of Law. CDEC group of professionals. The course also It is energizing to apply my MBA course clients come primarily from community provides students with an opportunity to work in assessing each loan and making based organizations such as Washington reflect upon the broader socio-economic recommendations. I am very impressed CASH (www.washingtoncash.org) and context of micro‑enterprise and how they with the work CCD does in the Community Capital Development might continue to work with promising community and in helping entrepreneurs (www.seattleccd.com) working in partner- entrepreneurs in the future. As a joint realize their dreams and promote ship with Seattle University. law and business clinic (there are still economic development in Seattle.” The inspiration behind CDEC is only a handful of these joint programs in the global micro-enterprise movement to the country because they are hard to do), help alleviate poverty by underwriting clients, students, and mentors learn about entrepreneurial business ventures. The the value of cross-fertilization between perfect coupling of entrepreneurship the fields of business and law and the and micro-finance is created when small extra business value that can be created loans are given to start-up enterprises when they intersect. that are run by low-income individuals A new aspect of CDEC this year is who often are new to running a that students have begun working with business. They have vision, drive, and their clients to determine if they could determination, but often face personal use additional funding. If there is a good and systemic challenges to developing case for more financial assistance, the a successful business. The insights, Entrepreneurship Center will provide skills, and confidence students receive interim funding to help underwrite these by working in this Clinic offer them loans. An internship opportunity has invaluable experience which they can use also recently been introduced into this

albers brief I p a g e 3 Jot Yau’s (Professor of Finance) paper, “Reported Best Practices for Creative Collaboration by Cross- Michael Harris, and Shanan Gibson (East Carolina trade figure discrepancy, regulatory arbitrage, and Sector Partnerships,” co-authored with Marya Cotton University), will appear in the Journal of Applied round-tripping: Evidence from the China–Hong (CUNY), has been accepted for publication by the Management and Entrepreneurship. Journal Kong trade data,” co-authored with Hung-Gay University of Pennsylvania School of Law’s Stacey Jones (Senior Lecturer of Economics) and Fung and Gaiyan Zhang (Missouri – St. Louis), will of Law and Social Change. Bridget Hiedemann’s (associate Professor of Journal of International Business be published in the Rex Toh (Professor of Marketing), Fred Dekay Economics) article, “Learning Statistics at the Studies. (Associate Professor of Economics), and Peter Farmers Market? A Comparison of Academic Service Tina Zamora’s (Assistant Professor of Accounting) Raven’s (Professor of Marketing) article, “Travel Learning and Case Studies in an Introductory article, “Does Greater Risk-Bearing in Stock Option Planning: Searching for and Booking Hotels on Statistics Course,” will be published in the Journal Compensation Reduce the Influence of Problem the Internet,” will appear in the Cornell Hospitality of Statistics Education. Framing on Managerial Risk-Taking Behavior?” Quarterly. Jot Yau’s (Professor of Finance) article, “The Impact co-authored with Kim Sawers (Seattle Pacific) and Bonnie Buchanan’s (Assistant Professor of of Sovereign Risk on Bond Duration: Evidence from Arnold Wright (Northeastern), has been accepted Finance) paper, “Emerging Market Benefits, Asian Sovereign Bond Markets,” co-authored with Behavioral Research in Accounting for publication in . Investability, and the Rule of Law,” co-authored Hei-Wai Lee and Yan Alice Xie (Michigan-Dearborn), Eric Wehrly’s (Visiting Assistant Professor of with Phil English (American) and Rachel Gordon has been accepted for publication in the International Finance) article, “The effects of insider trading (Drexel), will be published in the Emerging Markets Review of Economics and Finance. restrictions: Evidence from historical dividend Review. Faculty Research News Research Faculty Peter Raven (Professor of Marketing), Rex Toh initiations and omissions,” co-authored with Joseph John Dienhart (Professor of Business Ethics) and (Professor of Marketing), and Fred DeKay’s Tanimura (San Diego State), will appear in the Jessica Ludescher’s (Assistant Professor of Business (Associate Professor of Economics) article, entitled, Journal of Financial Research. Ethics) article, “Sustainability, Collaboration, and “When and Where to Buy Airline Seats on Third Rubiná Mahsud (Assistant Professor of Governance: A Harbinger of Institutional Change?” Party Websites,” has been accepted for publication

Albers Management) and Greg Prussia’s (Professor of has been accepted for publication in Business and in Tourism Analysis. Management) article, “Human Capital, Efficiency, Society Review. Terry Foster’s (Assistant Professor of Business and Innovative Adaptation as Strategic Determinants Meena Rishi (Associate Professor of Economics), Law) article, “Assessment Procedures for Skills-Based of Firm Performance,” co-authored with Gary Yukl Chips Chipalkatti (Professor of Accounting), MBA Courses Adapted from the US Army ROTC (SUNY-Albany), has been accepted for publication in and Bruce Koch’s (Professor of Accounting) Leadership Development Program,” co-authored Journal of Leadership and Organizational Studies. the paper, “Offshore Outsourcing, Political Risk, and with Eric Farquharson (SU Military Science Marc Cohen’s (Assistant Professor of Business Democratic Institutions,” has been accepted for Department), will appear in the Negotiation Journal. Ethics) South Asia Economic Journal article, “The Narrow Application of Rawls publication in the . Quan Le (Associate Professor of Economics) in Business Ethics: A Political Conception of Both Leo Simpson’s (Professor of Management) article, co-authored a book chapter, “A Study on Dioxin Stakeholder Theory and the Morality of Markets,” “Students’ Perceptions of Ethical Behavior—A Contamination in Herbicide Sprayed Area in Journal of Business Ethics will be published in the . Comparison of Attitudes Towards Entrepreneurs Vietnam by GIs,” which appears in Herbicides and Gail Lasprogata’s (Associate Professor of Business and Traditional Business Managers”, co-authored Environment, edited by Andreas Kortekamp and Law) article, “Leading the Way to a Better Tomorrow: with John Batchelor (Virginia Commonwealth), published by InTech.

You Are Invited 2nd Annual Red Winged Leadership Award Ceremony Thursday, May 12th Pigott Auditorium – 6:30 PM Join us at this unique event to commemorate inspirational leaders in the business community. Red Winged Leadership is committed to exploring where leadership, business acumen, social justice, and humanitarian goals intersect and recognizing individuals that symbolize these efforts. Event registration is now online.

seattleu.edu/albers/redwinged Hosted by the ’10-’11 Graduate Leadership Formation Certificate Cohort

p a g e 4 I albers school of business and economics S tudent Profile – nancy Mik acenic Tackling Her Future with Vigor and Enthusiasm

ot many people have the the important classes Mick had wherewithal to complete described.” nine MBA classes in two “My education at Seattle quartersN while working full time. University has exceeded my But then, Nancy Mikacenic is expectations,” says Mikacenic. not just anyone. Having recently “Seattle University has done an been offered the opportunity to outstanding job in selecting a participate in a new venture for diverse and competitive student her employer of five years that will body.” She goes on to say, require her to travel frequently “The professors in the MBA to New York, Mikacenic chose program have demonstrated to finish her MBA before taking their investment in the student on this new position. This major as a person, a professional, and feat (which is not recommended as an academic.” In particular, at Albers) is not out of character Mikacenic singles out Professors for this impressive young woman. Gail Lasprogata, David Reid, She and her sister, a doctor, were and Greg Magnan as having been “propelled to tackle our futures Mi kacenic (left), a “Croatia Fest” organizer, with influential for her. with great vigor and enthusiasm” Kolinda Grabar-Kitarovic, Croatian Ambassador to Mikacenic works for early on in appreciation of the the U.S. American Capital Group, a great sacrifices their parents made vertically integrated, full service to ensure them the opportunity to attain abuse centers throughout the greater Los real estate company. She is currently the a college education. Angeles area. Director of Investor Relations, which Mikacenic was born and raised in After graduating from UCLA gives her the responsibility of servicing Seattle, where she attended Lakeside with a major in political science with approximately $500+ million of private High School. She was one of the top an emphasis in international relations, investor equity. The company has five national recruits in women’s soccer Mikacenic moved to Zagreb, Croatia, recently expanded its offerings to include in the country, a two-time Parade All- her father’s homeland, to work as a institutional equity for joint ventures American, a member and captain of two translator for the Croatian Ministry on their developments. Mikacenic national teams, and was in residence at of Defense. She subsequently moved will transition to working in this area the US Olympic training center. After into a similar position at the Croatian beginning in March. She credits her five official recruiting visits to various Secretary of State. In 2006 she moved MBA classes with teaching her the universities, she chose Notre Dame. She back to the US with the goal of pursuing financial, management, and overall had been “seeking a school that had a a career in commercial real estate. She business skills that have helped her sound academic reputation, competitive discovered that she needed more of the grow in her job. The program has also women’s soccer program, and I liked classic business skills to be successful “improved my confidence and abilities that it was Catholic.” Mikacenic played in this field, and so Mikacenic decided with regard to managing people.” on the Notre Dame soccer team her first to go back to school to earn an MBA. In addition to working, going to two years there. However, she began to Having researched MBA programs in the school, and playing soccer, Mikacenic feel that she was missing something in Seattle area and asking advice from her is now branching out into tennis and other aspects of her college experience, mentor, Seattle University MBA alumnus is planning to take dance classes in the which she had not included in her Garrison “Mick” Deal, a successful spring. She also enjoys cooking and decision-making process. She eventually commercial real estate developer in hosting dinner parties. And, as if all of transferred to UCLA, which offered western Washington, Mikacenic chose this was not keeping her busy, Mikacenic the respected academics and a national Albers. About choosing Albers, she has been accepted to SU’s School of contender in women’s soccer, but also says, “In researching other programs Law in their part-time program and was afforded her the opportunity to work in the area, I felt that the curriculum awarded the Presidential Scholarship. with a UCLA-based community service was too static and didn’t afford as organization that visited children’s much opportunity to select some of

albers brief I p a g e 5 Albers Connects

Moving Toward Increased Global Recognition

n October 20, 2010, Russell in London, Australia, Japan, etc. to the point Investments CEO Andrew where today they are recognized as a global Doman came to Albers for the leader in asset management. They now have firstO Executive Speaker Series event of the associates in 13 countries around the world, year. Father Steven Sundborg started off the having just established offices in China in event by welcoming Russell to Seattle in 2010, and serve 44 countries. They believe acknowledgement of their recent relocation that the best people to make decisions in a to the Russell Investment Center (formerly given location are those closest to the clients. the WAMU Center) from Tacoma. According to Doman, in order to Doman’s talk, entitled “The Changing manage a global organization effectively Needs of the Global Financial Services a company must have very strong values, Industry,” focused on how Russell globalized integrity, a genuine focus on people, and and their influence on the industry as a an unyielding drive to exceed expectations. whole to globalize. In fact, although they are Adn rew Doman, CEO, These principles help guide everything they Russell Investments already quite global, their move to Seattle was do around the world and keep employees in part prompted by their desire for greater global pointed in the same direction. That way everyone can recognition. It is a journey to become a truly global have a common goal but still be independent in “creating company and Doman believes that “the idea of acting their own particular networks to bring value to their locally and thinking globally is as relevant today as it was clients,” said Doman. 25 years ago when it was coined.” However, the concept Doman is dedicated to becoming a good neighbor of global trade has increased to include not only trade, and a participant in the community. One of his goals Albers Executive Speaker Series Speaker Albers Executive but services also. in moving Russell to Seattle is to help make Seattle a The basic concepts that helped Russell become a financial services center. They will be launching some global company were their focus on investment excellence ideas along these lines in 2011. Doman believes that and their strong values. From there they used the concept developing close relationships with the institutions of of “colonization.” They started by establishing “colonies” higher learning in the area will help in achieving this goal.

The Long Road of Leadership im Albaugh, Executive Vice President of The Boeing Company Jand President and CEO of Boeing Commercial Airplanes, spoke to a full house in Pigott Auditorium on January 20, 2011. Father Stephen Sundborg welcomed Albaugh to Seattle University and thanked Boeing for the wonderful partnership that has developed over the years between Boeing and Seattle University.

C ontinued on next page

J im albaugh, executive vice president, The Boeing company, president & CEO, Boeing commercial airplanes

p a g e 6 I albers school of business and economics Albaugh then took the podium to talk about the topic of the night, “There Are No Shortcuts: Reflections on Leadership, Ethics, and Innovation.” In a well organized presentation, he outlined the four requirements of leadership that he believes are most important: 1. inspiring the organization: The job of a leader is to “define the dream that inspires the organization.” It is important that the leader define a mission that makes employees want to come to work every day and want to be part of the larger mission. It must be a shared mission among all constituents. Also, it is important to know what employees care about, which is their colleagues, customers, the company, and the community. In company meetings, talk to them about these things rather than stock prices, shareholders, etc. Strategic Planning at Albers 2. Developing tomorrow’s leaders: A leader’s job is to build Mis s ion a strong team that can lead the company better than she/he can. Guided by the Jesuit traditions of academic “The biggest measure of your job is what resources you leave excellence, education for justice, and service to behind,” said Albaugh. For him, the most rewarding thing he others, we inspire and develop ethical leadership does is develop people, and “there’s no more important for the global community. responsibility for a manager and leader than to do that,” he added. v ision 3. Creating a culture that is open and honest: A successful Albers will be recognized globally for academic organization needs to be built around a culture of openness excellence, leadership formation, and community and honesty. No one should be afraid to point out concerns or engagement. problems. Not following this plan led to problems at Enron, some investment houses, and the oil rig in the Gulf of Mexico. 4. Building a process that nurtures innovation: For a company New Strategic Initiatives to survive over 100 years, as Boeing has, requires innovation. • Develop Measures for Research Quality According to Albaugh, “Innovation starts with the passion to be and Align with Faculty Performance and the best, to bring people of different perspectives and experiences Incentive System together, to enable non-linear thinking and see problems as a way • Respond to Faculty/Staff Satisfaction Survey to create something new and different.” This requires an open environment where people are willing to share their ideas and best • Participate in the Seattle University practices. You need to envision the future with your customers Youth Initiative and solicit their help in creating that future together. • Renew the MBA Curriculum All of the points of leadership are related. You cannot • Renew the Undergraduate Programs concentrate on one at the expense of the others. In the end, you • Expand Opportunities for Faculty/ need to determine if you have made your customer better, planned Student Global Experience for the future, developed the next leadership team, and met the • Ensure Technological Excellence plan and done it in an ethical manner. There are no shortcuts to accomplishing these goals. Or, as Albaugh quoted from Beverly Sills, • Explore Serving New Markets “There are no shortcuts to any place worth going.”

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

albers brief I p a g e 7 I 8 e g a p Albers Serves M It All Comes Back to Business Albers and Wine – Profile umni A Washington hedidforhisMBAprogram helped him winery Albers againtogethisMBA.A hugecapstoneproject ona WA. Concrete, and Woodinville in Winery Ridge of member Challenger board and wine great to generate focus only our become has but since in,got we first when focus “a lesser was business of the part This 2006. was vintage ownership’s new the first and 2003 since existed has winery The lots. family single as portion a developed they of which of space, open 58 acres another had also and 10 of Pinot Noir with grapes acres planted was bought partners his and on wine.”he eye land The an with land in investment “an as industry wine entered into the He construction. residential and management property in their growth asacompany. www.wawineco.com market toadifferent consumergroup, whichhasaddedto brand. Now theircompanyhasasuccessfulbrandthatthey to gotheBoard ofDirectors onanew andaskforsupport Wines.” Aftershewonthecompetition,itwaseasyforKaren it intothebusinessplancompletionin2008withGirly Girl because Ilearnedhow towriteabusinessplanandentered Ward. “Albers alsohelpedmewithinthewineindustry and marketing experiencefrom theMBAprogram,” said entire salesandmarketing teambecauseofmymanagement make adifference inthebusiness.“Iamnow inchargeofthe after sheearnedherMBAatAlbersthat Ward really beganto there fulltimeuntilaftercollege.However, itwasnotuntil She helpedoutthere working asachild,butdidnotstart Wine andBeverage Company)in1987withthree partners. Her Silver fatherstarted Lake (nowWinery Washington good businessskillsatAlbers. allcredit theirsuccesstohavinglearned alumni interviewed experience orcameuponitlaterintheircareers, theAlbers they were before interested theirAlbers inthewineindustry the twoisbusinessand,ofcourse,alove ofwine. Whether much pondering,itappearsthatthecommonthread between attracts thisgroup ofpeople?Afterabitresearch and faculty membersisavintner. So whatisitaboutAlbersthat or are inthebusinessothercapacities.Even oneofour than that?Afterall,anumberofouralumniown wineries s c i m o n o c e d n a s s e n i s u b f o l o o h c s s r e b l a l

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manager/ pes on the the on pes R d r www.amalierobert.com www.amalierobert.com day,” every he said. challenges these helps me with experience My Albers goals. your to achieve ways expensive and less better,smarter, finding to be need “You always again. try and to try, fail, willingness the and mindedness, open- respect, of ethics, lessons life the he uses day Every industry. wine the in say of place,” orsense they terroir, as a provided students and discovery, self work, professors, course from experience completeeducational “The to Pink, According it. to finish returning before hiatus year a three he took to Dublin, moving before MBA his begun Having industry. wine the in success principles” for his “guiding Estate, aPinot Noir inDallas, OR. winery That was in 1999 and now Pink is co-owner of Amalie Robert challengesandendedup“buyingthefarm,”new asheputsit. after repatriation toRedmond, Pink decidedthatheneeded Microsoft “when Imusthave caughtthewinebug.” Soon ’98) intothewineindustry. He wasbasedinIreland for www.challengerridge.com Albers connectionstostrengthen theChallengerRidgebrand. the industry. Going forward, Tellefson planstoleverage his immensely by givinghimgreat experienceandexposure to e G An Albers education gave Pink what he describes as as he describes what Pink gave education Albers An A career changeiswhatpropelled Ernie Pink (MBA a v i n e e w i l l be be l u s ed to make make to ed nt C o i n u w e i d on next page next on d n e. Installations and Dedication Albers economics Associate lbers faculty, staff, and friends gathered on the afternoon of Professor Tim Sorenson is an active November 19, 2010 to recognize four Albers faculty. The event was participant in the wine industry. kicked off by Dean Joe Phillips dedicating the Pigott 103 classroom Ato Dr. John Eshelman in recognition of his many years of service and His interest in wine was purely as a consumer at the time he started at contributions to Seattle University and the Albers School of Business and Albers in 1991. As his interest grew, Economics, including as Provost and Dean. Two plaques were unveiled, however, his academic tendencies took one inside and one outside the case room, honoring Eshelman. over and he began to read and take Following the room dedication came the installation of an endowed classes on the subject, which is when he chair and two endowed professorships. ended up “falling head over heels for the D r. Peter Raven, Eva Albers Professor for 2010-2013 great wine crossroads (science, culture, Raven will use the Albers Professorship to continue his study of cuisine, etc.).” Having friends in the international entrepreneurship, especially international entrepreneurial trade helped him get a part-time job marketing, in developing countries. He plans to learn how entrepreneurs in a specialty wine shop in downtown in developing countries with limited resources and institutional access Seattle. There he met many more people creatively use their scarce resources to meet their goals and objectives. in the trade, learned more about the The results of his work may help entrepreneurs increase entrepreneurial broader world of wine and got to know efficiency in both developing and developed countries. well-regarded winemakers, including Ben Smith of Cadence, who welcomed D r. Dino Falaschetti, Thomas F. Gleed Chair of him into a two year ‘vinternship’ at Business Administration for 2010-2012 his winery. Sorenson established ‘Fall Falaschetti will use the opportunity of the Gleed Chair to research how Line’ in 2003, which was bonded and nonmarket environments impact business operations. This will include licensed as a winery in 2004. All the bringing together politics, law, and business. while he was still on the faculty of Albers, where he has been “heartened D r. Bruce Koch, first holder of the David E. Tinius by the support that the dean and the Professorship in Accounting for 2010-2013 Albers alumni staff have already shown.” Koch plans to use the Tinius Professorship to explore the feasibility of a As a businessman, Sorenson says that Center for Fair Value Accounting. This would be the first Center in the “the business mindset I developed as a U.S. of its kind and would help advance the Albers School of Business’s CPA and the worldview I’ve developed constantly improving national reputation. It would be a natural outgrowth as an economist have been helpful for of the new Valuation Program offered by the MBA, MPAC, and MSF the myriad business aspects of running a programs. winery.” www.falllinewinery.com/ Volpe Dedication The Albers Dean’s Office, Pigott 317, was dedicated to the first dean of Seattle University’s business school, Paul Volpe, on September 20, 2010. Three of Dr. Volpe’s children attended the ceremony and expressed how grateful they were for the recognition given to their father. Having taught in the Department of Commerce and Finance at Seattle University for three years, Volpe was promoted as the first dean of the newly established School of Commerce and Finance in 1947. Among his accomplishments was the creation of the Commerce Club, which held its first annual award luncheon in 1949 with the purpose of bringing So, next time you feel like having a nationally recognized outstanding business statesman to speak. 500 a great bottle of wine, remember your students, alumni, Seattle business executives, local and national government Albers connections. And watch for representatives, professionals, and educators attended. The five-story Pigott announcements about the next Albers Building, which housed the School of Commerce and Finance and the wine tour. When you see it, be sure to School of Education, was completed in 1957 under Volpe’s direction. In sign up early, because it has quickly 1965 he oversaw the school’s admittance to membership into the American become one of our most popular alumni Association of Collegiate Schools of Business (AACSB). Volpe served as events. After all, Albers and wine are a dean until 1965, when he joined the President’s Advisory Council. great combination.

albers brief I p a g e 9 F aculty Profile – Dean Peterson Passionate About Economics, Devoted to Kayaking

L eft: Dean Peterson, Associate Professor of Economics

of Economics, “Dean is a true master teacher. He cares not only that students learn the principles of economics and how to connect what they learn to the real world, he also cares about their broader personal development, such as building their critical thinking and communication skills and planning their futures. Moreover, as our department learning assessment guru, he pushes the rest of us on the faculty to do the same!” Peterson’s area of interest and research is the history of economic ideas, particularly pre-classical thought. He “My passion is helping students understand the teaches courses such as Principles of Macroeconomics, the History of Economic economic events that surround them.” Thought, and American Economic History at the undergraduate level. He has been published in the Journal of History of Economic Thought, Journal of Business conomics was not Dean Peterson’s lucrative option,” he jokes. So, after Ethics, Journal of Economic Education, (Associate Professor of Economics) completing his graduate studies, he and Advances in Financial Education. first choice when it came to sought out teaching positions. He came Peterson moved to Seattle with his Ecollege majors. In fact, he was pursuing to Albers in 1991 straight out of his PhD wife, Maureen, who works for Seattle/ an accounting degree when he took his program. He was looking for a place like King Co. Public Health. They met at first economics class. He was hooked. Augustana that had small class sizes, a work at an insurance company during “The discipline of economics studies religiously affiliated college/university the “power 80’s, when we all wore the societal choices of how we organize with an emphasis on teaching, was really expensive suits.” Being from the our societies with respect to economic mission-directed, and had what he calls mid-West, he from Illinois, she from matters. Through this study, the discipline “formation,” i.e. ethical and social Nebraska, they had never been to Seattle attempts to improve the well-being of responsibility aspects. Seattle University before coming for the interview. “It society’s citizens. I think that is fun,” he fit the bill and Seattle was a large enough wasn’t until we arrived here that we came says. After graduating from Augustana city to support his wife’s then career as to truly appreciate the physical beauty College, a small, independent religious an actuary. “My passion is helping of the area and the opportunities for college of liberal arts and sciences in Rock students understand the economic events outdoor activities,” says Peterson. And Island, IL, Peterson went on to earn his that surround them,” he says. He sees they do take advantage of both. In fact, master’s and PhD degrees in economics at this as his chance to incorporate social while economics is his passion, he is the University of Illinois. responsibility into his curriculum also devoted to kayaking. All of his time Growing up, Peterson knew he because evaluating economic systems and outside of work is taken up “kayaking, wanted to be a teacher. Coming from a policy ultimately involves ethics. traveling to kayaking, reading magazines family where everyone was either a According to Barbara Yates, and books about kayaking, and attending minister or a teacher, “I chose the Professor and Chair of the Department lectures and symposia about kayaking.”

p a g e 1 0 I albers school of business and economics News Join Us For Upcoming Events at Albers & Events

ALBERS EXECUTIVE Ex ecutive Education p rojects day SPEAKER SERIES Upcoming information Every year, the SU Project Center hosts Albers Executive Speaker Series events sessions “Projects Day,” when students present their are held in Pigott Auditorium from (L-EMBA and Executive Leadership Program) solutions and recommendations for their real 5:30 - 6:30 p.m. Wednesday, April 6 business and engineering projects. Open to FREE and open to the public 5:30 p.m. the public. Wednesday, April 20 Saturday, April 9* Friday, June 3 Kim Harris 10:00 a.m. 12:00 - 4:00 p.m. Location: Sullivan Hall CEO of Puget Sound Energy Friday, April 29* Thursday, May 19 3:30 p.m. For more information, email Greg Scully at [email protected]. Kurt DelBene Location: Seattle Campus President of Microsoft Office Division Up coming * Class Observation Entrepreneurial G Mat Prep Classes Join us to learn more about the Center Events April 27, May 4, 11, 18, 25 innovative Leadership-Executive MBA. Business Plan Competition Wednesdays, 6:00 – 9:00 p.m. Please complete the online RSVP form Tradeshow Round Location: Seattle campus at http://www.seattleu.edu/albers/ Friday, April 15 For more information and to register, executiveeducation/RSVP/ if you plan to 11:00 a.m. attend or call (206) 296-2529 for more contact Susan Earley at (425) 451-0200 Location: Student Center 160 information. or e-mail [email protected]. Business Plan Competition Final Round MBA information sessions redn wi ged leadership and Recognition Reception award ceremony Wednesday, April 13 Friday, May 13 Location: Bellevue Thursday, May 12 12:00 p.m. 6:30 p.m. Location: Campion Hall Sunday, April 16 Location: Seattle Location: Pigott Auditorium RSVP: seattleu.edu/albers/redwinged

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

Get Connected! Social Media at Albers You can now be one of the nearly 800 members in the burgeoning Albers now has a Facebook page as well as Twitter and LinkedIn SU alumni group on the LinkedIn professional networking site, accounts. Follow us for updates on upcoming speakers, events, and exclusively for SU alumni and current grad students. news. Engage in discussions and networking opportunities. If you To join, set up your profile on www.linkedin.com, then go to: have ideas on what you would like to see on one or more of these http://www.linkedin.com/groups?gid=40502 sites, please email Barb Hauke at [email protected]. Seattle University’s Albers School of Business and Economics Strengthen Your Connections http://bit.ly/aMFyK0 The Albers Alumni Board meets six times a year to develop and organize the alumni programming you enjoy at Albers. Deepen AlbersatSU your commitment to Albers in service of your fellow alumni and http://twitter.com you will soon experience the value of being connected at this level. If you would like to serve on the Board, contact Rob Bourke at Alumni of Albers School of Business and Economics [email protected]. www.linkedin.com You can also find our videos on YouTube at: http://www.youtube. Stay Connected com/result?search_query= SeattleUAlbers&aq=f and iTunesU hosts Join AlumniWeb—your source for alumni events, online directory, our podcasts at http://seattleu.edu/itunesu/index2.asp. and more! http://alumniweb.seattleu.edu. To join the Albers Alumni Listserve, e-mail [email protected].