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Weissman Center for International Business FY 2019 Report WEISSMAN CENTER FOR INTERNATIONAL BUSINESS Imagine a WORLD...Prepare for a WORLD...Engage the WORLD! TABLE OF CONTENTS Letter from the Director ................................................................................. 1 Advisory Council ............................................................................................. 2 Donors ............................................................................................................ 3 Student Programs ........................................................................................... 4 Research Activities ........................................................................................ 26 Community Engagement .............................................................................. 31 Operations Analysis ...................................................................................... 33 WEISSMAN CENTER FOR INTERNATIONAL BUSINESS MISSION STATEMENT The mission of the Weissman Center for International Business is to provide meaningful international educational experiences for Baruch undergraduate and graduate students, support scholarly research and teaching with an international business perspective, and contribute to the economic life of New York City. Cover Student: Laura Agosto Exploring Japan (Baruch BBA 2019, Double Major Math and Political Science, Semester Exchange, Waseda University, Tokyo, Japan) LETTER FROM THE DIRECTOR Twenty-five years ago, the Weissman the opportunity to share our findings with some of the companies Center for International Business included in our research. That has been an excellent opportunity to opened its doors to Baruch students get feedback and learn more about how companies are integrating and faculty with a generous gift from sustainability issues into their business practices. George and Mildred Weissman. That gift was the catalyst for developing a On a less positive note, fiscal year 2019 was very challenging from range of international programs that a budgetary point of view. As the year began, significant budget cuts in the years since have given Baruch were announced. While the Center was fortunate to have reserves students a tremendous number of that allowed us some flexibility, we saw a 33 percent reduction in opportunities to engage with the head count across the Center’s different programs. This reduction world and expand their horizons. had an impact on Center activities during the year. We decided to concentrate our attention on maintaining technology capabilities, Two examples are Vickie Savvides, the 2019 Baruch College student services, and the core of our research team. valedictorian, and Jean Surena, the 2019 salutatorian, both of whom benefited from Weissman Center programs over the The budget cuts we faced at the beginning of fiscal 2019 meant years. Vickie studied abroad three times, and Jean received the that fundraising became an even more important focus of my Hugh Lamle Scholarship, which the Weissman Center administers. work throughout the year. I am deeply grateful that our donors There are many more success stories like these in the following pages. and members of the Weissman Center Advisory Council have stepped up and provided crucial support. In particular, the The undergraduate International Business major that the Center Weissman family provided a very significant gift that will help supports continues to do very well. The International Business major support the Center for years to come. It is thus appropriate to integrates study abroad and study of foreign languages into a solid end this letter as it began, with a heartfelt thank you to the academic program. The College recently reported that students Weissman family for their generosity and support. These are graduating with a degree in International Business have some of challenging times for public higher education. The Center is the highest starting salaries for Baruch undergraduate students very lucky indeed to have benefactors like the Weissman family. entering the workforce. During the course of the year, we also continued to support a Terrence F. Martell variety of research programs at the Center, with a focus on the Weissman Center Director CSR-Sustainability Monitor. In the case of the Monitor, we had Saxe Distinguished Professor of Finance WEISSMAN CENTER ADVISORY COUNCIL Supporting the College's Mission to Provide Baruch Students Access, Opportunity, and Social Mobility Howard I. Smith Chair of the Advisory Council and Vice Chairman, Finance, C.V. Starr and Co. Ismail Amla John J. Kelly Carl Spielvogel Managing Partner President and CEO CEO, Spielvogel Associates, Inc. IBM Global Business Services Hanover Square Partners, LLC Former U.S. Ambassador to Slovakia North America Former Chairman and CEO Backer Spielvogel Bates Worldwide Hugh R. Lamle Robert J. Aquilina President Executive Vice President MD Sass Leslie Stroh Estee Lauder International, Inc. Publisher, The Exporter Chairman, Trade Finance Service Cleve S. Langton Corporation John L. Bernbach Chief Partnership Officer CEO Brodeur Partners Worldwide Bernbach Group Yasushi Takahashi Frank Lourenso President & CEO Retired Mitsui & Co. (U.S.A.), Inc. Joseph S. Bonocore JPMorgan Chase Managing Director & Deputy Treasurer Citicorp David Tendler Lynn Martin Partner, Tendler Beretz LLC Donald P. Brennan President & COO Former Co-Chairman and CEO Retired Chairman Intercontinental Exchange Data Services Phibro-Salomon, Inc. Morgan Stanley Capital Partners Sven C. Oehme Vincent Tese Anupam Ghose President and CEO Chairman Chief Executive Officer European-American Business Premier American Bank Organization, Inc. System Two Advisor Diane Whitty Dr. Henry G. Jarecki Martin Rapaport Global Head of Philanthropy Chairman Chairman and CEO JPMorgan Chase Falconwood Corporation Rapaport Diamonds Terrence F. Martell Julian Johnson Barry F. Schwartz Saxe Distinguished Professor Executive Vice President Executive Vice Chairman Director, Weissman Center for Sponsors for Educational Opportunity MacAndrews & Forbes Incorporated International Business Contributions to the Baruch College Fund to support student programs such as scholarships and fellowships for international education or research projects such as the CSR-Sustainability Monitor are tax deductible. More details about the benefits of becoming a Weissman Center donor can be obtained either through the College’s Office of Advancement or directly from Dr. Terrence Martell, Weissman Center Director, (646) 312-2075. Weissman Center for International Business 2 Zicklin School of Business, Baruch College/CUNY DONORS The Fromme Scholarship Fund MUFG Americas Student Success Is Supported by the Anupam Ghose and Viyjanta Ruparel New York District Export Council Spirit of Giving The Hancock Foundation One to World, Inc. ALAC International, Inc. Sheharyar Hassan Martin Rapaport Amber Anand Heller Family Foundation The Santander Universities Program R.J. Aquilina and L.M. Aquilina Dr. Ahmet Karagozoglu Schoenhut Family Foundation The Victor Besso Endowment Fund The Nancy and John Kelly Family Rajneesh Sharma and Vaishali Sharma The Brennan Family Foundation Foundation The Spielvogel Scholarship Fund Concept Press, Inc. Hugh and Betsey Lamle Foundation The Starr Foundation Thomas Doherty and Lynn Martin The Frank and Irene Lourenso Fund Harvey and Sheila Stone ’41 Prize Ernst & Young Foundation The Mitsui USA Foundation in International Marketing The Falconwood Foundation Hinda Mizrahi David Tendler The Falk Fund The Morace Family Foundation The Weissman Fund Financial Women’s Association Martin Mosbacher Woo Family Charitable Foundation Student Success Story Baruch College Class of 2019 Valedictorian Vasiliki (Vickie) Savvides Studied Abroad in Italy and Spain Baruch College Class of 2019 Valedictorian Vasiliki (Vickie) Savvides is a seasoned study abroad veteran, who took full advantage of the opportunities offered by the Study Abroad Office. Vickie, a Macaulay Honors College Scholar, participated twice in Baruch College’s Spanish Language and Civilization Program in Salamanca, Spain. In the summer of 2017, she completed an intensive intermediate Spanish language course, and in January 2019 she completed a course in advanced Spanish written communication. In January 2018, Vickie attended Lorenzo de' Medici Florence, where she completed a course entitled “The Palaces of Florence.” In fall 2019, she returned to Baruch to pursue a Master of Science in taxation. Her career aspiration is to become an attorney with a specialization in international taxation. She also wants to have a role in the disability rights community. Weissman Center for International Business 3 Zicklin School of Business, Baruch College/CUNY STUDENT PROGRAMS The Weissman Center for International Business (WCIB) particularly important in the area of international offers Baruch students a wide range of programs at home business, which is very broadly defined and touches and abroad that help them gain a global perspective on many functional academic areas. Students often through internationally focused internships, study need assistance as they identify the building blocks abroad, work abroad, research projects, and co-curricular to career readiness that make most sense for them. activities. Students have the opportunity to develop The WCIB is a place where Baruch students can skills in analysis and problem solving, communications, come to learn about international opportunities that teamwork, and leadership as they increase their
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