Spring/Summer 2014 Ow Big Is Big Data? Consider This: Meanwhile, Our Plans to Launch the College’S

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0 SPRING/SUMMER How Strong Is Your1 Alumni Network? | Warren Buffett’s Wisdom

2014 Meet Driehaus Fellow Bin0 Jiang | Faculty Research | ASK Mentors Pay It Forward

0 1

1 0 0 1 1 0 NOTES FROM THE DEAN

Driehaus College of Business DePaul University Spring/Summer 2014 ow big is big data? Consider this: Meanwhile, our plans to launch the college’s

EDITOR-IN-CHIEF before you finish reading this first doctoral degree also center on creating Robin Florzak Hcolumn, Google will process more a distinctive program for executives that EDITORIAL CONTRIBUTORS than 2 million searches, Web shoppers emphasizes analytical skills. Our Executive Christian Anderson will spend more than $272,000 online, Doctorate in Business Administration Robin Florzak Facebook users will share more than 684,000 degree is designed for business leaders Margaret Hoag Jennifer Leopoldt BY THE NUMBERS 2 COLLEGE NEWS 3 FACULTY FOCUS 5 posts, brands will attract at least 34,000 who want to master applied research Denise Mattson A look at where DePaul’s Students quiz Warren Buffett; Meet Bin Jiang, prolific Facebook “likes” and Twitter will host methods for tackling complex, big-picture Ovetta Sampson business alumni are scholarships expand for alumni scholar, dedicated 100,000 tweets. business issues. Visit the Kellstadt on the corporate ladder and grad students; b-school teacher and the college’s EDITORIAL BOARD This deluge of digital activity happens every website, kellstadt.depaul.edu, in the fall Karen Burgard and around the globe. rankings; DePaul’s new Qatar first Driehaus Fellow. minute of every day. It’s part of the expo- for updates on these new degrees. Dan Deli entrepreneurship alliance. Marilyn Ferdinand nential growth of data stored in public and Finally, the redesign of this publication Robin Florzak private—data that can now be measured was guided primarily by data gathered Christa Hinton Elizabeth Hollendoner FEATURE: in exabytes, or 1,000,000,000,000,000,000- from you, our alumni. In response to Tracy Krahl byte increments. your interests, we have expanded Jennifer Leopoldt BIG TRENDS IN BIG DATA 6 Timothy Lockyer Hidden in this sea of data is a treasure Business Exchange (formerly Commerce Big data means big business for those who can mine Charles Naquin trove of competitive intelligence for busi- Exchange) by adding new features that Tim Opiela mountains of digital information to unearth insights about nesses. For organizations able to analyze will help you stay engaged with DePaul’s Rob Ryan consumers, organizational strategies and more. Business Ovetta Sampson Exchange explores four emerging big data trends and interpret it effectively, big data can yield business school and its robust alumni Mark Sullivan from the perspectives of alumni, faculty and experts in Joel Whalen deep insights about customers, suppliers, network. The new publication explores this burgeoning field. employees and market trends that have major business trends through the DESIGN the potential to drive innovation, boost thought leadership of alumni, faculty and Joy Stauber, Stauber Design Studio productivity and fuel growth. However, big industry experts. We’ll spotlight advice, data also comes with big responsibilities resources and connections that promote PHOTOGRAPHY SCHOLARLY PURSUITS 10 facebook.com/depaulalumni Jeff Carrion bit.ly/kellstadt for organizations to ensure the privacy and professional growth among our alumni. Heidi Gosen Recent studies by DePaul business professors explore work-life security of the people behind the numbers. We’ll keep you updated on faculty Kathy Hillegonds balance, the impact of low refinancing rates on the housing @depaulalumni In our cover story and online coverage, achievements and research that under- Francis Paola Lee market, and the growth of Hispanic-owned businesses in Illinois. @DePaulMBA Susanna Ludwig we explore these issues through the lenses of score the quality of the business Zach Sigelko alumni, faculty members and experts who school you attended. And we’ll share ALUMNUS PROFILE 11 linkd.in/14TPoow Business Exchange is published are at the forefront of the big data revolution. the most recent accomplishments for DePaul University business Double Demon Joe Adams, managing partner and CEO The rise of big data also is having a big of your fellow graduates. alumni and friends by the Driehaus of McGladrey, discusses the best part of his job and gives youtube.com/user/depaulalumnifriends impact on the job market. A recent IBM We hope you enjoy the new Business College of Business in collaboration advice to young alumni. with the Office of Advancement. survey of 900 executives worldwide revealed Exchange and welcome your feedback. Questions and comments are Flickr.com/depaulspirit that a key challenge facing business is Please send comments to Robin welcome and should be directed CONNECTIONS 12 to Robin Florzak, editor-in-chief, finding enough talent skilled in analyzing Florzak, Business Exchange editor, at [email protected] or Alumni give back as ASK mentors for students. and interpreting big data. To help our at [email protected]. Driehaus College of Business, 1 E. Jackson Blvd., Chicago, IL students take advantage of these oppor- 14 60604-5112. ALUMNI UPDATE tunities, Kellstadt will soon introduce new,

Read us online at specialized master’s degrees focusing on DePaulBusinessExchange.com business data analytics in several disciplines. Alumni events at These degrees will equip our students Ray Whittington alumni.depaul.edu/events Read these stories on DePaulBusinessExchange.com with the tools and knowledge needed to Dean, Driehaus College of Business To submit address changes // ONLINE distill large-scale data into valuable insights and class notes, and to subscribe EXTRAS May I Use Your Data? to Alumni eNews, log in to the Laura Hartman, Vincent de Paul Professor of Business Ethics, discusses ethical issues that drive business strategy. DePaul Alumni Community at involving privacy, security and your data. alumni.depaul.edu

Questions for Alumni Relations? Four Tips for Effective LinkedIn Networking [email protected] DePaul career management experts provide advice for boosting your professional or (800) 437-1898 presence online.

SPRING/SUMMER 2014 1 COLLEGE NEWS

DePAUL’S BUSINESS How far does the Driehaus College of Business ALUMNI NETWORK BY THE alumni network extend? You’ll find alumni Very few people succeed at working in Chicago and around the world, in the office down the hall and in the c-suite, ‘‘something that doesn’t excite them… in traditional corporations and entrepreneurial ventures. Here’s a breakdown of the numbers: Find a job you would do even if NUMBERS you were already rich and didn’t need the money. I’m 83 and still excited by what I do.”–Warren Buffett

Scholarships Expand for Alumni and New Graduate Business Students

DePaul is making graduate education more accessible for university alumni and new Kellstadt students by increasing its scholarship offerings. DePaul alumni who wish to earn another degree from their alma mater Driehaus alumni Countries where through the Double Demon Schol- working and living business alumni arship program begun last year can 41,674 in Chicago 62 live and work now apply the scholarships to graduate Financier Warren Buffett Shares study at Kellstadt or six other DePaul colleges and schools. Alumni receive Wisdom With MBA Students a 25 percent discount on tuition for TOP TOP master’s degree programs and select What’s it like to discuss careers, invest- Kellstadt was among a select group certificate programs. ing and the economy with Berkshire of only seven business schools, includ- 10 10 Meanwhile, beginning this fall, new Hathaway CEO Warren Buffett? For ing Harvard and Columbia, asked by students who enroll in Kellstadt degree MBA student Kate Stevenson, it felt Berkshire to participate in the student fields of work for companies that employ programs may be eligible for thousands like investing two hours to gain “the forum. Alumnus Frank Ptak (BSC ’65), Driehaus alumni: DePaul business grads: of dollars in DePaul scholarships, lessons of a lifetime.” president and CEO of Marmon Group, 6,710 1 Management 1 Northern Trust Corp. with award amounts determined by Stevenson and 19 other DePaul a Berkshire Hathaway company, helped 2 Accounting 2 JPMorgan Chase & Co. Business alumni each student’s academic profile. graduate business students were secure DePaul’s invitation. who hold positions 3 Financial services 3 Deloitte The Kellstadt Graduate Scholarship is invited to query the “Oracle of Omaha” Buffett answered a wide range of as executives, 4 Consulting 4 EY for domestic students, and the Kellstadt and tour several Berkshire Hathaway questions during a two-hour Q&A senior executives, 5 Sales 5 Motorola Dean’s Scholarship is for students businesses during a visit to the session. He advised students to be true partners or 6 Banking 6 BMO Harris Bank who require a visa to study in the multinational conglomerate’s Omaha to themselves and follow their career owner/founders 7 Marketing 7 PricewaterhouseCoopers United States. headquarters in October. The students passions. “Very few people succeed at 8 Law/Legal services 8 AT&T, Inc. For more information about schol- were chosen from more than 300 something that doesn’t excite them,” 9 Business-Entrepreneur/Owner 9 Allstate Insurance arship award amounts, eligibility Kellstadt Graduate School of Business he said. “Find a job you would do even 10 Computer/High technology 10 Bank of America and deadlines, contact the Kellstadt applicants who sought a chance to if you were already rich and didn’t Graduate School of Business office at meet the renowned business leader, need the money. I’m 83 and still excited (312) 362-8810 or [email protected]. investor and philanthropist. by what I do.” Based on information reported by Driehaus College of Business alumni to DePaul University Alumni Relations.

SPRING/SUMMER 2014 3 COLLEGE NEWS FACULTY FOCUS

 Ray Whittington, Driehaus dean; the Rev. Dennis H. Holtschneider, C.M., DePaul president, and Sheikh Faisal Bin Qassim Al Thani, CEO of Al Faisal Holding, exchange gifts.

of Qatari students at DePaul each summer. They will work with faculty and alumni entrepreneurs to apply entrepreneurship theory and practice to developing their own business plans. Additionally, a group of Driehaus students enrolled in programs related to business development in the First Driehaus Fellow Middle East will have the opportunity to participate in a study abroad Bin Jiang By Margaret Hoag program in Qatar. DePaul-Qatar Collaboration Creates The center will hold an annual conference in Chicago that brings New Entrepreneurship Center together an international audience “I’m so lucky,”says Bin Jiang, talking about his appointment discipline’s central role in modern of business leaders and serves as as the business school’s first Driehaus Fellow this academic year. Certainly commerce, he says. “Today’s A generous gift from Sheikh Faisal Bin “Our faculty and alumni entrepre- a source of professional knowledge that luck runs both ways, as Jiang has contributed excellent research and teaching competition isn’t between companies, Qassim Al Thani of Qatar is paving the neurs look forward to working with for Qatar entrepreneurs and those as a management professor at DePaul since 2004. The five-year fellowship, but between supply chains. As way for a collaboration that supports emerging entrepreneurs from Qatar who do business in the Middle East. funded by a portion of Richard H. Driehaus’ $30 million donation to the business a result, there’s a lot of risk in these entrepreneurship and business devel- and throughout the Middle East,” said Sheikh Faisal also will host a business school, supports the hiring and retention of extraordinary faculty. relationships. opment in Qatar and the Middle East. Ray Whittington, dean of the Driehaus competition in Qatar for emerging “For example, when a company The Driehaus College of Business plans College of Business. “This also will entrepreneurs as part of the program. “I was drawn to DePaul by the In the classroom, Jiang brings a outsources part of its production, is to launch The Sheikh Faisal Center be a great opportunity for DePaul “Al Faisal Holding has always been opportunity to work with our depart- real-world perspective based on the other company a working horse for Entrepreneurship in the Middle East students to gain real-world experience a strong supporter of Qatar’s vision,” ment chair, Scott Young, and other 16 years of business experience working or a Trojan horse? Will the supplier later this year. The center will bring on an international stage.” said Sheikh Faisal, chairman and CEO faculty on the business challenges in China before coming to the United steal the other’s intellectual property an international dimension to DePaul’s The Sheikh Faisal Center for Entre- of the company. “This agreement that intrigue me, especially the States. “In operations management, or even its business? This has happened renowned Coleman Entrepreneurship preneurship in the Middle East will help to accelerate knowledge complexities, both practical and ethical, we use a lot of formulas, but a student plenty of times,” Jiang cautions. Center and help cultivate new genera- will facilitate a Young Entrepreneur transfer, which is very important for in managing global supply chains,” can’t know what they really mean “Given that possibility, management tions of Qatari and U.S. entrepreneurs. Academy that welcomes a group success in business.” Jiang says. “At DePaul, I’m part of a unless they’re applied practically. has to ask, Does outsourcing really bigger ‘management’ discipline, and I illustrate the principles of supply chain increase our company’s value? that keeps me open to ideas from management with case studies based Or is it just a short-term advantage other areas and colleagues. In many on my own experiences and those of with long-term liabilities? On top Business Programs Receive High Marks in Three Rankings schools, the subsets of management my business friends in China. Because of those considerations are ethical The Driehaus College of Business was recognized for its academic excellence in these rankings this academic year: are kept separate, but here we’re an I’m confident in the content, my ones: Are the working conditions in intellectually collaborative group students connect to the material better. the foreign company fair and safe?” and I really like that.” “Case writing is very time consuming,” Jiang considers the Driehaus In the past 10 years, Jiang has Jiang says, “and many schools don’t Fellowship an affirmation of his work #1 #24 Top 30 won recognition for his scholarship, count it as research. So, teachers are so far and a critical enabler of his including prestigious best-paper hard-pressed to use cases as a teaching work to come. “I plan to use the Kellstadt’s Master of Science in DePaul’s undergraduate entrepre- Thirteen of DePaul’s graduate business awards from the Journal of Operations tool. But in law school and medical award to explore an important, Taxation (MST) tied for first place in neurship program again made degree programs earned top-30 Management and the Academy of school, students learn by cases. If I but underdeveloped, area—that of TaxTalent.com’s ranking of the best the annual list of the best colleges rankings among U.S. business schools Management. couldn’t provide good cases to my post-outsourcing management. MST programs in the nation, based on for entrepreneurs published in an international survey of 1,000 But Jiang’s first love is teaching. “I students, I would not be adequately I think—I plan—that this research a survey of tax firm hiring managers. by Entrepreneur Magazine and business school deans conducted agree wholeheartedly with DePaul’s preparing my students for their careers.” will contribute to the reputation The Princeton Review. by Paris-based education consulting philosophy,” he says. “Students are my Jiang focuses his work on the role and prestige of the Driehaus College firm Eduniversal. number one priority.” of outsourcing because of the of Business.”

4 DePaulBusinessExchange.com SPRING/SUMMER 2014 5 101010 0 0101 10 FEATURE 1 01 01 0 1 101010 0 1 1 0 0 1 1 0 1 0101 0 inety percent of the data that exists in the TREND ONE: Hackers have gained access 0 world today has been created since 2010. to more than 534 million 1 DATA 1 0 0 1 1NThe consulting0 firm IDC predicts that by 2020 SECURITY personal records, including BIG0 TRENDS1 10 10 0 this digital universe will expand by a factor1 of 300, IS Social Security and financial 1 EVERYONE’S 0 from 130 to 40,000 exabytes. account information, since 1 1 101 0 1 0 JOB 0 0 0 How much is that? One exabyte has 18 zeros behind it. 2005, according to the 0 0 101 10 1 1 1 In people terms, that’s more than 5,200 gigabytes of Privacy Rights Clearinghouse. 0 0101 0 0 1 1 01 01 0 data for every man, woman and child on Earth by 2020. In 2014 alone, more than 273 breaches have been 0 1 0 1 01 1 1 0 0 0 0 0 1IN 1 1 0101 1010 1 1 1 Consumers are the main source of this growth, reported, involving 22 million personal records. 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 creating more than two-thirds of the data in cyberspace If you think big-box retailers and credit card companies 1 1 0 0 1 1 0 1 1 0 1 0 through videos0 watched, photos shared, social media are the only ones who need to worry about this problem, 1 0 1 0 0 1 1 0 1 0 1 1 0 0 0 messages sent and purchases made online. Add to this think again. Anyone who collects consumer data—from 0 1 0 1 1 1 0 1 1 1 0 a mountain of machine-generated data from smartphones, corporations to mom-and-pop operations—must develop 0 0 0 0 1 0 1 0 1 1 1 0 1 1 tablets and networked computers, plus supermarket strategies for securing and using customer data properly. 0 0 0 1 1 1 0

BIG DATA0 1 0

1 0 scanners and other sensors, and what has come to be “Consumers want data about themselves protected,

1 known as big data certainly lives up to its name. which means keeping it secured from unauthorized or 0

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1 Big data is usually viewed in terms of aggregate unintended access. Consumers also want data to be

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0 numbers, such as millions of cell phone calls culled used to create value, benefits and conveniences,” says

FOUR WAYS BUSINESSES 1

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0 by the National Security Agency or billions of pages Colclasure. Not all data are the same, however, and 1 0

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AND INDIVIDUALS 1

0 created on the Internet. But for people who really it is important to develop security practices that corre-

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1 want to understand how this phenomenon can spond to the type and sensitivity of the data. Good 1

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ARE BECOMING MASTERS 1 1 1

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1 affect their business, professional and personal lives, starting points include establishing formal policies and 0 0 0

0 practices for securing sensitive data in transit, such as

0 it’s useful to reduce the term to 0 OF INFORMATION 1

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0 encryption policies, and implementing security industry

1 its essence: fragments of our lives 1 0

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0 standards advocated by the Payment Card Industry

1 ensconced in digital code.

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0 “The businesses that will thrive in this space will realize Security Standards Council when collecting and/or

1 that value and convenience to the consumer—to processing credit card payments. 0 0

BY OVETTA SAMPSON 1

individuals—is at the center of this big data evolution,” Businesses also must ensure security compliance for

0 says Sheila Colclasure, global public policy and privacy service providers and other third parties with access 1 0

1 officer at Acxiom, an international digital data to internal systems. In December 2013, Target discovered 0

1 brokerage. “The consumer is the primary constituency. that credit card data from 110 million of its customers

0 The technology and data are the means to enable had been stolen electronically. Media reports suggest the

0 0 1

1 0 businesses to meet the needs of the consumer. cybercriminals may have introduced their data-stealing 0

1 “Our job in the business world is to deliver value and malware into Target’s network through software used by

1 positive brand experiences to the consumer,” Colclasure one of Target’s vendors.

0 continues. “In relation to the technology and data “Companies should continually monitor their environ- 1 0 0 used to do that, we’ve got to help consumers get an ment, as threats can originate from internal as well 1

0 understanding of how it works and provide relevant as external sources,” says Eileen T. Carlson (MBA ’85),

choices0 and controls.” director of information governance at Baxter Healthcare.

1 So, just how do we find value in this data-driven “They need to think seriously about what services

1 world as businesspeople and consumers without they outsource and what partners and vendors they 0 drowning in numbers? We asked alumni, industry and engage. Regardless of how the breach occurs, the 0 1 1 0 academic experts to provide their perspectives on company is ultimately responsible, and it is their brand the top four trends in big data. that is impacted.”

SPRING/SUMMER 2014 7 1 010 010 1 01010 1 0 1 0 1 0 1 0 101 101 0 1 1 0 101 0 1 0 0 10 01 1 0 0 1 0 0 0 0 1 101 101 1 0 1 1 0 010 0 1 101 101 0 1 1 0 1 10 01 1 1 0 0 1010101 0 1 10 01 1 0 1 0 0 101 0 0 1 0 0 1 1 010 010 1 0 1 0 01 10 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1 0 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 0 0

0 0 1 0 J-P CONTRERAS SUE FOGEL 1 1 FEATURE 1

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1 BUS ’97, MBA ’01 CHAIR, DEPARTMENT OF MARKETING

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1 Fitbit Force, a hot-selling item during the 2013

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1 ‘Life logging’ [is creating new Graduates of these programs 0

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0 Christmas season, allows users to track physical activities 1

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1 industries and opportunities.]… understand how data fits into creating 1

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0 through a wireless-enabled wristband. Selling at $129, 1

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1 Companies that think entrepre- best business practices, what all

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1 the device took over the wearable fitness market with 0

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1 neurially in this space will identify that data can tell a company and how

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1 a 60 percent share, beating similar products by Nike.

1 an analytical need for the data it can affect a company’s decision-

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1 But just months after it became the top seller in its that hasn’t been served yet.” making process.”

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1 category, Fitbit Force wearers began doing some data

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0 tracking of their own on how many users were developing mass recall. Other companies are improving their as essential as knowing profit and loss statements—

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1 rashes. They created an online Google Docs forum operations by using radio frequency identification (RFID) has begun to affect the job market. According to a recent

0 detailing rash symptoms, duration and cures. In all, more sensors to watch their planes, trains and automobiles Manpower survey, about one in three jobs go unfilled 0 British scientist and Wolfram

1 TREND TWO:

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1 THE AGE Research founder Stephen than 500 users uploaded personal data for the world move through the supply chain in real time, and then because applicants lack the required technical skills.

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1 OF THE Wolfram began tracking all to see—pictures included. Shortly thereafter, Fitbit using the data to improve delivery and production times. That’s why DePaul’s Kellstadt Graduate School of

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QUANTIFIED his emails in 1989.0 “One day,” voluntarily stopped sales of the Fitbit Force, recalled Big data also is forcing companies to destroy old Business offers an MS in Marketing Analysis and has

1 SELF he wrote in a prophetic blog the product and issued refunds. silos that keep internal departments from sharing infor- partnered with the College of Computing and Digital

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post, “I’m1 sure everyone Experts say businesses shouldn’t be threatened by mation. “A startup company should be looking at Media to launch an MS in Predictive Analytics degree.

0 will routinely collect all sorts consumers’ grasp of their own data, but embrace it as a implementing totally integrated systems and processes,” Sue Fogel chairs the Department of Marketing, which

of data about themselves.”0 way to improve their companies. Says Carlson, “If you’re Carlson says. “Many companies segregate their sales offers both programs. “Graduates of these programs 1 1 0 coming up with ways to provide value to new and force from their customer service organization. The sales understand how data fits into creating best business One0 day is today. We are in the age of the quantified self. 1 Big data is no longer the sole purview of businesses. existing customers, consumers will want to do business force is not aware that a customer has called customer practices, what all that data can tell a company and how More than one million people use the computational with you. The general public will be more forgiving service multiple times for the same issue. Yet, the it can affect a company’s decision-making process,” search engine Wolfram Alpha to analyze their Facebook if you make a mistake and are viewed as a consumer- sales force starts telling the customer how important she says. “They are in high demand for everything from data. More than 55 million Americans track their diet conscious company.” she is and that they want to build a relationship, digital marketing to risk analysis to telecommunications.” or fitness activity using apps such as Lose It! while the customer is thinking, ‘If I am so important, “‘Life logging’” is creating new industries and oppor- TREND THREE: Increasingly, companies are why don’t you know that I called three times in the BIG Big data as an industry is still in its tunities for entrepreneurs and companies, says J-P IMPROVING looking inward and using last month for the same issue.’” DATA’S adolescent phase—both enhancing Contreras (BUS ’97, MBA ’01), general manager of IBM BUSINESS aggregate data to improve FUTURE and disrupting industries, lives and business analytics at Perficient, an IT-solutions-driven OPERATIONS their operations, experts say. TREND FOUR: By all accounts, the team careers as it inserts itself into our consulting firm. “Companies that think entrepreneurially At Perficient, Contreras EMERGING of well-educated attorneys daily life. The key to understanding in this space will identify an analytical need for the works with some of the largest BUSINESS who work with Colclasure big data personally, professionally and within business, data that hasn’t been served yet,” he says. “People are retailers, financial services TECHNOLOGISTS at Acxiom are smart and our experts say, is to never forget its purpose—the looking for data on themselves that will benefit them.” companies and health care conglomerates to collect capable. Yet, she has asked individual customer. The opportunity for growth in the personal analytics data on their own processes to make them more efficient. them to become students arena is expanding each year. A Pew Research study For example, pharmaceutical companies are creating again: “‘Your challenge,’ I found that 69 percent of adults track a personal health “e-pedigrees,” or electronic tracking dossiers, that follow told my team, ‘is to become technologists.’” indicator, and one in five use at least one form of tech- products from the raw-materials-gathering stage through For the last two years, Colclasure and her team have nology for this tracking. In addition, 34 percent of packaging and on to store distribution. The data are been immersed in understanding technology and what health data trackers share that information with others, used not only to comply with drug regulations, but also the data scientists are doing at Acxiom. They are not including their doctors or spouses and partners. to identify weak links in the supply chain. If a defective merely looking at data output, but at the architectural Moreover, customers are using their personal analytics product is detected, companies can now pinpoint exactly schematics of the data itself, combing through it bit to influence companies to make products better. which batch is the source of the problem, avoiding a by bit. No longer will they depend upon the IT crowd to interpret and protect the data. They are learning SHEILA COLCLASURE EILEEN T. CARLSON ACXIOM MBA ’85 firsthand about the technology engineering necessary // ONLINE EXTRA to parse big data. DePaul Ethics Professor The businesses that will thrive [Companies] need to think seriously Acxiom is not alone. Peers who work in compliance Laura Hartman discusses “ in this space will realize that “about…what partners and vendors at high-tech companies “are saying they’ve got to the ethical responsibilities value and convenience to the they engage. Regardless of how apply analytical thinking to this space, and they need of managing data » consumer—to individuals— the breach occurs, the company is the technology skills to do it,” Colclasure says. DePaulBusinessExchange.com is at the center of this big data ultimately responsible, and it is This trend of merging skill sets—where understanding evolution.” their brand that is impacted.” the creation, interpretation and protection of data is

8 DePaulBusinessExchange.com SPRING/SUMMER 2014 9 SCHOLARLY PURSUITS ALUMNUS PROFILE

Insights Into the World of Business From Driehaus Faculty Research By Robin Florzak Joe Adams (BUS ’77, MBA ’79)

Residence Carol Stream, Ill.

Occupation Managing partner and CEO of McGladrey LLP, the fifth largest assurance, tax and consulting firm in the United Low Interest Rate States and the largest focused on middle market businesses Mortgage Financing and the entrepreneurs who run them. Accounting Today Challenges recognized Adams as one of its “Top 100 Most Influential People in Accounting” in 2013. Housing Market Rebound Education Adams attended St. Joseph’s High School in Westchester, Ill., before becoming a DePaul Double Demon. “My brother Millions of households that purchased attended DePaul, and he was the primary influence on homes or refinanced mortgages my choice to attend DePaul and to pursue an undergraduate A Supportive Work Culture during the last four years, when interest degree in accounting. I also wanted to stay close to rates were at historic lows, could home to be able to work and earn the money to pay for Helps Women to “Lean In” challenge a housing market recovery my education.” Adams’ advice for if long-term interest rates were to rise new alumni: Research co-authored by Assistant Medicine, Westring writes in a Harvard quickly in the coming years, according Vital stats “I am fortunate to have spent my entire career at McGladrey, Professor of Management Alyssa Business Review blog. “Women working to research from the Institute for beginning as an entry-level auditor and advancing to Don’t be afraid to get out of your Westring offers new insights into the 60 hours a week in the most supportive Housing Studies at DePaul University. partner in 1987. Since then, I have held a variety of leadership “comfort zone or make a mistake; debate sparked by Facebook COO departments fared significantly better Increases in mortgage rates are roles at McGladrey that have led to my current position.” just be sure to learn from it.” Sheryl Sandberg’s best-selling book than those working 45 hours a week in expected due to continued pull back Adams and Cheryl, his wife of 36 years, have five grown about the need for women to “lean in” work units viewed as less supportive.” in the Federal Reserve’s quantitative children and five grandchildren. Stay relevant. Learn something to their careers to succeed. Based on The research found that supportive easing policy, the study’s authors “new every day, and impart your her research, Westring says, “If we departments had four main characteris- note. “This research shows that What I like best “I like the short- and long-term challenges that consume knowledge to and coach others.” truly want more women to ‘lean in,’ we tics: they recognized and appreciated locked-in households will be reluctant about my job my day. Overseeing a complex business provides me need to focus on the larger context— nonwork aspects of life; provided equal to sell their homes and finance other with an opportunity to be involved in a variety of areas, Listen respectfully and challenge to think hard about how to create access to resources and opportunities, purchases at higher interest rates,” from strategy and vision to financial and operational others“ about what can be better; workplace cultures where women have such as administrative support, research says Patric H. Hendershott, a senior results. I also enjoy working closely with the outstanding then do your part to make it better.” the opportunity to thrive.” Westring space and funding and committee research fellow at the institute, who people who work for McGladrey or are clients and and her colleagues “made a remarkable participation; addressed subtle and coauthored the study with Jin Man friends of our great firm.” Change is constant and discovery” when they surveyed 133 overt gender biases organizationwide; Lee, the institute’s research director, “accelerating—accept it and use it women physicians and biomedical and were led by supervisors who and James D. Shilling, professor The biggest “Working to stay ahead of our competition and positioning to your advantage.” researchers about work-family conflict actively supported women’s careers. and the Michael J. Horne Chair in challenge our firm as uniquely better and the first-choice advisor for a study published in Academic Real Estate Studies. I face in my job to middle market leaders. This means constantly working The relationships you build at to attract and develop diverse talent and providing them “DePaul and the ones you build with a working environment that is second to none so after you graduate can make all the they will, in turn, provide our clients with an experience Hispanic-Owned Businesses Bloom in Illinois difference. I had no idea where that is second to none.” my career would take me, but with the help of some extraordinary Hispanic-owned businesses are a small for just 5 percent of the state’s busi- My DePaul “DePaul gave me a solid educational foundation not mentors, I have been involved in but growing force in the Illinois nesses, but their number grew by experience only in accounting and business, but also in nontechnical some amazing things.” economy, according to a white paper 43 percent, compared with 16 percent skills that have served me well throughout my career. sponsored by the Richard H. Driehaus for all other companies, from 2002 The relationships I built at DePaul have aided me in my Center for International Business in to 2007. During that period, payroll for business and personal goals, and I am especially grateful collaboration with the Illinois Hispanic Hispanic businesses rose by 28 percent, to the DePaul career placement office for helping me Chamber of Commerce and its eight times that of other businesses, get my job at McGladrey in the first place.” Center for Hispanic Entrepreneurship. according to the research, which was Hispanic-owned ventures account based on U.S. Census data.

10 DePaulBusinessExchange.com SPRING/SUMMER 2014 11 CONNECTIONS

The pay-it-forward spirit ‘‘is very strong among ASK mentors.”–Gina Sian (CDM ’96, LAS MS ’13), ASK program director

 ASK volunteer Yuanyun (Ella) Peng (BUS MS ’10) mentors Kellstadt student Lian (Wendy) Yang.

 Michael Kueker (BUS ’08), a DePaul Alumni Sharing Knowledge (ASK) mentee turned mentor, shows his appreciation for the mentoring program during an event for National Thank Your Mentor Day.

Once Mentees, Alumni Give Back as ASK Mentors

By Jennifer Leopoldt

As a finance student at DePaul, Michael Kueker sought advice mentors from varied backgrounds and all DePaul colleges Yuanyun (Ella) Peng (BUS MS ’10) when she turned to the one else’s success simply through their words of wisdom from others to help shape his professional life. “I knew that and schools, across the United States and around the program while job searching. “I was eager to talk to mentors and encouragement.” I couldn’t do this alone and that it would take much more world. Students and alumni can reach out to potential who finished a similar program and were doing well in the For Yankton, the best part of being an ASK mentor is than just me trying to put my career together,” he says. mentors through ASK’s online database, and mentoring type of job I was looking for. After talking to several mentors, passing along what he has learned over the years. “If only He took advantage of DePaul’s Alumni Sharing Knowledge pairs can meet on their own time and interact through they suggested that market research would be a good fit I’d known all the information I know now back when I was (ASK) program, which has a volunteer network of more than ASK events. for my background as an international student,” says Peng, still in school! I felt every bump that I ran into during college 1,100 alumni and friends of DePaul who offer career guidance Bryan Yankton (BUS ’11) was drawn to ASK because the who is now a research analyst at Millward Brown. and my career application process, so I want to alleviate to students and alumni. After graduation, Kueker (BUS ’08) program gave him a perspective he couldn’t get from others Peng knew right away that the ASK program was the right that for current students at DePaul by sharing my knowl- found a way to give back to the program that helped him: in his life. His mother, an immigrant from the Philippines, fit for her. “As soon as I was a mentee, even while receiving edge,” he says. he transitioned from mentee to mentor. wanted him to go into a health career, but he was drawn in help from mentors, I had made up my mind that one day For Kueker, the highlight of the program is hearing back “Becoming a mentor was my acknowledgment of how a different direction. “I wanted to do business, and she I would become a mentor as well, giving back what I have from students about how his guidance has made a difference. fortunate I had been to have my own mentors at the right didn’t know how to start a career in business. I thought [ASK] to those in need,” she says. “It means a lot when you can see the impact you had on times,” says Kueker, a bank examiner at the Federal Reserve would be a great program to get insight and knowledge Alumni don’t need special skills to become mentors, just somebody in real time,” he says. He also likes watching his Bank of Chicago and a member of the ASK Advisory Board. from someone else in the same industry,” he says. a willingness to share their insights. “There is great power involvement come full circle: “Now I see that my mentees Kueker’s story isn’t unique. “The pay-it-forward spirit is Yankton had one mentor in particular who “went above in storytelling, especially when it’s based on firsthand have become mentors to other students. It’s really satisfying.” very strong among ASK mentors. I would estimate that 30 and beyond” by advising him which classes to take for experience of successes and challenges,” Sian says. “ASK To learn more about ASK’s mentoring program, visit to 40 percent of our current mentors were once mentees his honors finance track, helping him prepare for job inter- offers a perfect way for our alumni to contribute to some- ask.depaul.edu, call (312) 362-8281 or email [email protected]. themselves,” says Gina Sian (CDM ’96, LAS MS ’13), DePaul’s views and providing other real-world insights into his career ASK program director. planning. “That’s what made me want to be a mentor Originally created in the mid-1990s, the ASK network now and do the same for current students,” says Yankton, LinkedIn is another networking tool used by current and future DePaul alumni to connect. // ONLINE started as an information resource for students seeking to a senior analyst at Wolters Kluwer. EXTRA Read advice from DePaul career management experts on improving your online profile. » jump-start their careers. It became a fully developed That ASK mentors come from a variety of back- DePaulBusinessExchange.com program in 2000 and has grown to include volunteer grounds, including multiple business disciplines, helped

12 DePaulBusinessExchange.com SPRING/SUMMER 2014 13 ALUMNI UPDATE ALUMNI UPDATE

Lillian E. Cilano (BUS ’86) was promoted to senior manager Visit alumni.depaul.edu to discover of financial reporting at The Trustmark the many ways to connect with Companies. She is now an officer of other alumni and the DePaul community. the company.

Richard A. Hoker (BUS ’86) was appointed to the board of directors at Terra Nitrogen GP Inc., where he is vice president and corporate controller.

Robert A. Clifford (BUS ’73, JD ’76, LLD Jane M. Kornesczuk (BUS ’86) was pro- ’60s ’03) was selected in 2013 as one of the ’80s moted to divisional executive vice president Notable Members of the American Bar of the executive liability division at Great Richard H. Driehaus (BUS ’65, MBA ’70, Association. Also in 2013, he was featured Catherine M. King (MBA ’81) joined Baird American Insurance Group. DHL ’02) was featured on Crain’s annual on Crain’s annual list of Who’s Who in & Warner’s Gold Coast office as a real list of Who’s Who in Chicago Business. Chicago Business and was selected as estate broker. She has extensive city David E. Sveen (MBA ’86) was appointed Investing in Financial Literacy He is president of Driehaus Capital one of the Top 10 Illinois Super Lawyers. knowledge as well as suburban expertise. to the board of directors at Heska Corp. Management Inc. Clifford is a senior partner at Clifford He also is the president of Cedarstone As a child growing up on the South Side of Chicago in the 1970s, Richard Smith Law Offices. Francis M. Martinez (MBA ’81) is an associate Partners Inc. and is an adjunct assistant (BUS ’77, MBA ’83) knew he wanted to be a “business man.” Yet, Smith Dominic P. Gentile (BUS ’68, JD ’72) judge in the 17th Judicial Circuit. professor of Christian formation and struggled with variables and formulas, as well as with the stigma others placed was appointed honorary consul for the Miguel A. Valdes (MST ’74, JD ’78) joined ministry at Wheaton College. upon him as the poor son of a cafeteria worker. He felt like he didn’t belong Italian Republic. He is chairman of WTAS as managing director in its New The Hon. Joseph W. Nega (BUS ’81, JD ’84) in the finance world. Gordon Silver’s government investigations York office. He has more than 35 years was appointed by President Barack Obama James T. Ryan III (MBA ’87) was featured and business crimes department. of experience in U.S. and international to serve as judge of the United States on Crain’s annual list of Who’s Who in Smith’s DePaul education helped him enter this world, and after 20 years of tax planning. Tax Court for a term ending Sept. 3, 2028. Chicago Business. He is chairman, CEO building his own investment firm, Smith created The Wall Street Program to Donald F. Kilburg, Jr. (LAS ’68, MBA ’74) and president of W.W. Grainger Inc. help others follow in his footsteps. The free finance and investment education and Rabbi Marc Wilson (LAS ’70) John J. Buttita (BUS ’76, JD ’79) joined Karen M. Atwood (MBA ’82) was featured program teaches Chicago-area middle schoolers the ins and outs of finance helped organize “The Year of Altruism,” Greenberg Traurig LLP as a shareholder on Crain’s annual list of Who’s Who in Lorrie J. Ziolkowski (BUS ’87) was promo- and investing through virtual investment accounts set up on Yahoo! Finance. a series of events around the 75th in its trusts and estates practice in the Chicago Business. She is president of Health ted to senior marketing manager at Nearly 1,000 students have gone through the program. anniversary of Kristallnacht. Chicago office. Care Service Corporation. Thornton Tomasetti. She was previously a marketing manager in the international “I’m the type of person that if I learn something, I want to teach others,” Joseph M. Adams, Sr. (BUS ’77, MBA ’79) James Carlini (MBA ’82) was unanimously engineering firm’s Chicago office. says Smith. “I want the kids to know that despite having little knowledge of the was featured on Crain’s annual list of re-elected as chairman of the Rolls-Royce finance world now, you can learn and make a good living in this area. I truly ’70s Who’s Who in Chicago Business. He is Owners’ Club, Lake Michigan Region, and Carol E. Bramson (BUS ’89) was appointed found that investing is a great way of building wealth and I want them to learn managing partner and CEO of McGladrey will be coming out with a book on next- CEO and president of Summer Infant Inc. as much as possible.” Charles H. Wurtzebach (read more about Adams on p. 11). generation real estate, “Location, Location, (BUS ’71) has been Connectivity,” later this year. John C. Robak, Jr. named George L. Nick E. Rosa (MBA ’77) was featured on (BUS ’89) was named Ruff Professor in Crain’s annual list of Who’s Who in Chicago Eugene A. Delaney (MBA ’82) was appointed president of Greeley Real Estate Studies Business. He is co-founder and managing to the board of directors at Sanmina, an and Hansen, a global Michael T. Wolf (MBA ’94) was named at DePaul University. director of Sandbox Industries. integrated manufacturing solutions company civil and environmental ’90s vice president and chief counsel, corporate, Wurtzebach, who that makes optical, electronic and mechani- engineering firm, at AON PLC. has been at DePaul John W. Schoen III (BUS ’77) was promoted cal products. where he also is a Rosemarie S. Andolino (BUS ’90) was since 2009, previously worked in industry to senior vice president and chief financial principal. He is a featured on Crain’s annual list of Who’s Who Tony W. Hunter (MBA as managing director and property chief officer at PCTEL Inc. Schoen has served as Michael A. Gregory (MBA ’82) published member of the Greeley and Hansen Board in Chicago Business. She is the commissioner ’95) was featured investment officer at Henderson Global the company’s CFO since November 2001. “The Servant Manager: 203 Tips from the Best of Directors, the Dean’s Advisory Council for the department of aviation at the City on Crain’s annual list Investors Inc. Places to Work in America.” for the Richard H. Driehaus Center for of Chicago. of Who’s Who in William P. Kusack, Jr. (MBA ’78) joined the International Business at DePaul and the Chicago Business. DePaul Board of Trustees. He is a managing Kerry M. Lavelle (MBA CEO Council of Chicago United. Frank J. Becker (BUS He is publisher, CEO director at JPMorgan Capital Corp. ’85, JD ’89) was named ’90) is vice president and president of to the Super Lawyers Bill Snow (BUS ’89, MBA ’94) is managing of human resources the Chicago Tribune 2014 list of top director at Jordan Knauff & Co. for the Asia Pacific Co. Also in 2013, Hunter was elected attorneys in taxation. Region of UPS. He chairman of the Metropolitan Family He is the founding has been with UPS Services board. partner of Lavelle Law for 25 years. more  Ltd. in Palatine, Ill.

14 DePaulBusinessExchange.com SPRING/SUMMER 2014 15 ALUMNI UPDATE GIVING BACK

Catherine M. Roe (MBA ’06) is head of strategic accounts at Datalogix.

Forging Career Kumiko Watanabe (MST ’09) is a partner Connections in the international tax practice as well as the national leader of the Japan business Rob Pasquesi (MBA ’10) began group at Grant Thornton LLP in Chicago. brainstorming a better way to DePaul allowed me to identify foster professional relationships while he was studying entrepre- ’10s ‘‘that gift inside of me— neurship at DePaul. Now his idea of taking one’s online network Heriberto Cruz (BUS ’10) was promoted to in my case, a gift for numbers.” offline has grown into NextIntro. vice president of operations at Access Community Network. In addition, he was com, a free website that helps young professionals form connections online selected as one of six scholars for the and suggests ways for them to meet face to face. American College of Healthcare Executives’ The site allows members to create a personal page based on their LinkedIn inaugural Thomas C. Dolan Executive profiles or from scratch. Members get emails suggesting other professionals Diversity Program. they might want to meet, and the site even recommends nearby restaurants or coffee shops that could serve as meeting places. The site, which launched Zack A. Hofstadter (BUS ’10) is an associate at Kiser Group, where he specializes in in 2013, now has nearly 10,000 members in Chicago, Boston, Denver and the analysis and disposition of Chicago Austin, Texas. multifamily properties. Pasquesi, who works as an audit senior manager at a top-six international accounting and tax firm, credits DePaul’s business professors with helping Adam M. Short (MBA ’12) was promoted him refine the website concept and putting him in touch with students. “When to vice president of acquisitions at Golub and Co. in Chicago. He was previously I started talking to college students and young professionals, they mentioned senior director. a need for receiving mentorships and understanding more about certain professions,” Pasquesi says. “A lot of current members saw the same problems Developing Gifts: Joe Silich’s Measure of Success when they were students four or five years ago and now want to offer their Share your news with suggestions and help.” the DePaul community! Joe Silich (BUS ’92) is one of the preeminent wealth His community commitments are numerous and wide- advisors in the nation. But he has never forgotten ranging. To name a few, he serves on the Chicago-based Mail to: his working-class roots on the southwest side of Chicago board of UNICEF, the Midwest Board of the USO, and or his first-generation college experience at DePaul. the advisory board of Operation Homefront, which provides Catherine A. Lindner (MBA ’95) is chief Joshua B. Anderson (BUS ’99) was named DePaul University merchant officer of Shelfbucks Inc. finance integration manager for Deere Office of Alumni Relations “DePaul allowed me to identify that gift inside of me— support for families of service members and wounded in my case, a gift for numbers,” he says. “My teachers helped warriors across the country. & Co.’s John Deere Paton seeding factory Attn: Class Notes David M. Lutrey in Paton, Iowa. me find it, nurture it, and build my knowledge. In the In 2010, as part of the Many Dreams, One Mission (JD ’96, MBA ’96) 1 E. Jackson Blvd. process, they helped me build confidence. That foundational campaign, Silich established the Silich Family Endowed was selected as an Chicago, IL 60604 education is a kind of ‘muscle memory’ that has served Scholarship for talented DePaul students in finance Illinois Super Lawyer. me well in my career and in life.” who, like him, grew up in Chicago and attended city public He is managing ’00s partner of the Lake Email: As executive director at Morgan Stanley, he leads the Silich or parochial schools. Forest, Ill., law firm Daniel A. Boarder [email protected] Group of wealth advisors for the firm. He has garnered More than one-third of DePaul students are the first of Lesser Lutrey (BUS ’00) joined numerous accolades throughout his career. He was named generation in their families to attend college. “I worked McGlynn & Howe LLP. Whitley Penn as Online submissions: one of Barron’s magazine’s top financial advisors nationwide throughout school, as most DePaul students still do,” a transaction advisory in 2009, 2010, 2011, 2012 and 2013. He makes frequent Silich says. “But I never lost sleep over midterms or finals Andrew J. Boblak (BUS ’98) was promoted services senior alumni.depaul.edu to sergeant with the Orland Park Police manager. appearances on MSNBC, CNBC, Bloomberg and other media or papers. What I did worry about was paying the semester Department. outlets. Throughout his career, he has been careful along the tuition bill. I know what my education has meant to me. Alumni updates are posted on the way to share his gifts and his success with the community. If I can ease that financial anxiety for talented students, Alumni & Friends website. DePaul James A. Deters (BUS ’98) is co-founder reserves the right to edit submissions. At DePaul, Silich serves on the DePaul University Finance help them focus more effectively on their studies, help them and CEO of Galvanize, an innovative Steven C. Schick (BUS ’00) made partner Advisory Board and the Driehaus College Campaign gain practical experience and develop their gifts, help ecosystem in Denver that provides at Plante Moran PLLC. He is the youngest Committee. He works with the college to develop intern- them succeed and take their education out into the world a creative brainstorming space for person to make partner with the firm in entrepreneurs and start-up companies. more than 50 years. ship opportunities for students, and personally coaches to benefit their families and communities—that is how I and mentors DePaul students and young alumni. measure true success.”

16 DePaulBusinessExchange.com 1 East Jackson Boulevard Chicago, Illinois 60604-2287

Join us for an event-filled weekend as we honor this year’s Reunion classes: Reunion 1964 1969 1974 1979 1984 20 1989 1994 1999 2004 2009 13

You are invited to participate in all Reunion Weekend festivities, alumni-exclusive events, family-friendly activities, campus tours and more. For more details, visit alumni.depaul.edu/reunion.