Spring 2017 Buffalo Business 9
living conditions. all because this
is quite lucrative for many who get
high rental returns for providing
next to no services."
Jerchern Lin, assistant professor of
fi nance, was interviewed for a Buf-
falo news article about sharehold-
er activism fueling a battle for the
future of Five Star Bank. Lin said
the nature of shareholder activism
has changed since the 1980s from
a "soft touch" to a more forceful
push for action. "Before, they
didn't have such a strong demand
on board seats," he said.
alan Dick, associate professor and
chair of the Marketing Department,
was quoted in a Buff alo news
story about the growing number
of consumers willing to pay more
for products or services from
companies committed to making a
positive social and environmental
impact. "There's a greater aware-
ness of how purchases might
aff ect societal issues," Dick said.
"People want to make socially
conscious purchases, but they
also want to be able to share [on
social media] that they made that
purchase and what it says about
them."
Jerry newman, SUny Distin-
guished Teaching Professor
emeritus, shared his expertise in a
Buff alo news story about the high
compensation packages many
hospital executives earn. Few
candidates have the skills and ex-
perience to fi ll these high-pressure
positions, according to newman.
"It's one of the worst supply-
demand imbalances I've ever
seen," he said.
Several infl uential media featured the accomplishments of the school of Management and the
expertise of its faculty over the past year. Below is a summary of some of the school's citations
in prominent national and regional media. These media placements enhance the school's national
reputation and help to brand it as one of the nation's top business schools.
NewsBites
The end of accounting, a new
book co-authored by Feng Gu,
associate professor and chair of
the accounting and Law Depart-
ment, was featured in Inc., Forbes,
Fortune and other national media.
The book argues that generally
accepted accounting principles
do not refl ect the fundamentals of
business or future performance
indicators, like patents or custom-
er growth. "The time has come for
fi rms to regularly provide informa-
tion of true value to investors to
supplement accounting's serious
shortcomings," Gu wrote in an ex-
cerpt published by the Wall Street
Journal. (See story, page 19.)
Fast Company reported on re-
search by Lemoine that found that
in collaborative work teams where
women are outnumbered, they are
more likely than men to emerge
as leaders. "When a group is
composed of lots of extroverted
people, they talk more," Lemoine
said in a video interview. "They're
actually getting to understand
each other's strengths and weak-
nesses and who might be the bet-
ter leader." (See story, page 20.)
Sudhir Suchak, clinical assistant
professor of fi nance, was quoted
by CBS MoneyWatch in an article
about revelations that, to meet
high sales targets, Wells Fargo
employees opened more than 2
million deposit accounts and credit
cards without customer authori-
zation. Suchak said such goals
require strict oversight. "The key
is monitoring," he said. "Without
that, it will not be successful. and
that means monitoring by all levels
at the bank, especially upper
management."
Michael Dambra, assistant pro-
fessor of accounting and law, was
quoted by the associated Press
in a national article about pension
cuts 35,000 new york Teamsters
union members were facing to bail
out their pension fund. "It's a little
bit of a cop-out to say they haven't
been able to recover from 2008,
2009," Dambra said.
Courtney Walsh, assistant dean of
executive education, was quoted
in a U.S. news and World Report
story about certifi cate programs
and "mini MBas" in online edu-
cation. Walsh said the School of
Management's individualized,
non-credit-bearing Mini MBa
program appeals to professionals
looking to update their skills or
search for new opportunities. "I
think it's about quicker gratifi cation
– quicker showing of results for
themselves and potential employ-
ers," she said.
a Huffi ngton Post story about
the crumbling infrastructure in
nairobi, Kenya, cites research by
Debabrata Talukdar, professor
of marketing, that found slum
residents are stuck in a "low-
quality, high-cost trap." The article
states: "Housing is not aff ordable
in nairobi's slums, infrastructure
does not improve and people
are stuck with poor and insecure
The School of Management
ascended 13 places in Bloomberg
Businessweek's ranking of the
nation's best full-time MBa
programs, coming in at no. 47.
among public B-schools, the
School of Management is ranked
no. 22. (See story, page 2.)
U.S. news and World Report again
ranked the School of Management
among the nation's best under-
graduate business programs for
2017. The school rose three spots
from last year to no. 77, placing
it solidly in the top 10 percent of
accredited B-schools. (See story,
page 2.)
Charles Lindsey, associate profes-
sor of marketing, was quoted in a
front-page Washington Post article
about how much revenue from the
sale of pink gear at professional
and high school sporting events
actually goes toward breast can-
cer research. "To the extent that
it leads to a bump or moves the
needle in terms of direct donation,
that's great," Lindsey said. "But
when you get down to the nitty-
gritty ... and we talk about how
much [money] passes through, it's
like anything in society: We all can
improve."
a story in entrepreneur high-
lighted a study by Jim Lemoine,
assistant professor of organization
and human resources, that found
that even successful companies
became less effi cient when man-
agement set unrealistic expecta-
tions for employees.
