There have been several administrative changes this year. Some of the appointees have been on the faculty for several years; others are new to the college.

Finance Department

  • Morgan J. Lynge, professor of finance, was appointed chairperson of the department to succeed Charles M. Linke, who is now associate dean for graduate programs in the college. Lynge joined the department in 1974 and received the Commerce Alumni Association's Excellence in Undergraduate Teaching Award in 1981. From 1990-95 he was associate dean for undergraduate affairs.

    A Peoria native, Lynge received a bachelor's in history ('64) and an MBA ('65) from the University of Illinois. He spent a year as a financial analyst for Exxon before earning a Ph.D. from the University of Michigan. From 1989-92, Lynge served as director of the Midwest Finance Association.

    Undergraduate Affairs

  • Harold (Bill) F. Williamson, Jr., associate professor of economics, took over the reins as associate dean for undergraduate affairs in January. Williamson joined the economics faculty at Illinois in 1964 and was director of undergraduate studies for LAS economics from 1981-96.

    In 1990 Williamson won the Commerce Alumni Association's Excellence in Undergraduate Teaching Award, and in 1992 he was awarded the Emerson Cammack Outstanding Service to Undergraduate Student's Award. He was president of Omicron Delta Epsilon, the International Honor Society in Economics, from 1992-94.

    Professor Williamson earned a doctorate ('69), master's ('59), and bachelor's ('58) from Yale.

    LAS Economics

  • Ralph D. Husby, associate professor of economics, was appointed director of undergraduate studies, LAS economics spring semester. He has been on the faculty since 1967. Professor Husby has a doctorate ('69) and master's ('66) from Cornell and a bachelor's from Southern Methodist University ('63).

    Office for Research

  • Richard J. Arnould, professor of economics, was appointed director of the Office for Research this past fall. In this position he will oversee the various Research and Learning Centers in the college and run the activities of the Bureau of Economic and Business Research. Professor Arnould joined the department of economics in 1967 and has held several administrative positions in the college, including associate dean for academic affairs from 1979-87 and he is director of the Program in Health Economics, Management, and Policy.

    A native of Iowa, Arnould earned all three degrees in economics from Iowa State University: Ph.D. in 1968, MS in 1965, and BS in 1963.

  • Joseph E. Finnerty, professor of finance, has been appointed assistant dean for planning and public relations. This is a new position in the college. Before coming to Illinois in 1984, Finnerty was at the University of Massachusetts where he served as chair of finance from 1979-82.

    In 1991, Finnerty won the Commerce Alumni Association Excellence in Undergraduate Teaching Award and was voted the MBA Professor of the Year. He won a Fulbright to Ireland and has served as a visiting professor at Krems MBA for Central Europe since 1992.

    Finnerty earned a doctorate ('74) and MBA ('69) in finance from the University of Michigan and a bachelor's in physics ('67) from Notre Dame University.

    MBA Career Services Office

  • Elizabeth Polak joined the college last September as the director of MBA Career Services. Before coming to Illinois she was an assistant dean at the McIntire School of Commerce at the University of Virginia. Previous experience includes career services at the Darden Graduate School of Business Administration and college relations at General Dynamics. She holds an MBA from the University of Houston and a BBA from Texas A&M University.

    Development and Alumni Affairs

  • Ronald E. Costello joined the College of Commerce as associate dean for development at the beginning of the spring semester. Costello, who has fifteen years alumni and development experience, comes to the college from Penn State where he was director of development and coordinator for external relations.

    A native of Philadelphia, Costello earned a BS in education at Mansfield University in 1976. He has also done graduate work in journalism and adult education at Pennsylvania State University and Elmira College, respectively. Costello and his wife Denise have three children.

    Faculty retirements

  • William R. Bryan, professor of finance, retired last July. The next day he took up a new position as dean of the business college at Loyola University in Chicago. Bryan joined the Illinois faculty in 1966. Administrative positions at Commerce included associate dean for research, director of the Bureau of Economic and Business Research, and chair of the Department of Finance.

  • Walter McMahon, professor of economics, retired after 39 years at the university. McMahon joined the faculty in 1957. His areas of expertise include the economics of human resource development. He has been instrumental in securing a long-standing US AID grant for cooperation between the University of Illinois and Indonesia.

    In Memoriam

    Gary E. Willard, associate professor of Business Administration, died on December 6, 1995, after a two-year battle with cancer.

    Willard joined the business administration faculty at Illinois in 1991 as director of the Office for Business Innovation and Entrepreneurship. He taught courses in business policy, entrepreneurship, and policy planning and did research on competitive strategies, entrepreneurship, and new and small business. His most recent publication, EntrepreneurshipPerspectives on Theory Building (Elsevier Science, Ltd., Oxford), which he co-edited with Ivan Bull and Howard Thomas, is forthcoming.

    Before coming to Illinois, Gary taught at Purdue University (1982-91), and he spent over ten years in business, as vice-president of Ozark-York, Inc., from 1971-78, and as a mechanical systems designer at Warren & Goodin, Engineers & Architects, from 1965-71. Willard earned a Ph.D. in management at Purdue ('82), an MBA ('77), and BS ('75) from Drury College.


  • Charles W. Calomiris, associate professor of finance was elected a University Scholar in the fall of 1995. To receive this prestigious award, the candidate must be nominated by his or her department. Final selection is made by a committee of senior faculty members. Calomiris will receive a stipend for three years. His work spans several areas banking, corporate finance, financial history, monetary economics, and macroeconomics. Since coming to Illinois in 1992, Calomiris has helped shape new courses in banking and financial institutions for the Ph.D. and MBA programs. In the classroom he is known for his ability to integrate current research into his courses. Calomiris, who is the co-director of the Office for Banking Research, is often quoted in the popular press on public policy issues.

  • Professor Fred M. Gottheil was awarded the 1995 Certificate of Merit by the Dad's Day Association. The association recognizes outstanding students, staff, and faculty. Fred was voted "Outstanding Faculty Member" for his performance in the classroom. The presentation took place at the Dad's Day Banquet and he was recognized during halftime at the Ohio State game.

  • Professor and Dean Howard Thomas received two major awards recently. He was named president elect of the Strategic Management Society, the leading international society in the field. In September he was confirmed as an Inaugural Fellow of the British Academy of Management. This announcement was made at the BAM meeting in Sheffield, England. He has also been appointed associate editor of the British Journal of Management.

    Teaching Excellence

    Each semester students have the opportunity to turn the table on their professors and evaluate them. Faculty in the College of Commerce who made the "Incomplete List of Teachers Ranked as Excellent by Their Students," for the 1995 spring semester are:
    Jon Davis Ira Solomon Richard Ziegler
    Business Administration:
    Susan Cohen Forest Jourden Matt Kraatz
    Carol Kulik Paul Lansing Huseyin Leblebici
    Joe Mahoney Greg Oldham Thomas Roehl
    Anju Seth Michel Strahilevitz Seymour Sudman
    Richard Arnould Werner Baer Partha Deb
    Lawrence DeBrock Firouz Gahvari Wallace Hendricks
    Steve D'Arcy Joe Finnerty Jim Gentry
    Charles Linke Jeffrey Myers Elisabeth Oltheten
    Jay Ritter David Sinow

    Teaching Assistants

    Karl Muller Sabina Zaman
    Business Administration:
    Shih-Fen Chen Robert Holbrook John Keiser
    LeAnn Mischel Chad Noreuil Cameron Saber
    James Schmidtke Rajneesh Suri Paul Zak
    Mohamed Ajwad Muhammad Alam Carole Amidon
    Shahina Amin Richard Benjamin Sudip Chattopadhyay
    Craig Copeland Wendy Cunningham Eliecar Feinzaig
    Shivanthi Gunasekera Kent Hargis Colleen Houlihan
    Chris Keating Georgia Kosmopoulou Munir Mahmud
    Robert Miller Claidio Paiva George Pinteris
    Rahim Quazi Heather Radach Asahidur Rashid
    Rosemary Walker Marc Weidenmier Jurgen Wiesmann
    Bonnie Wilson
    Gregory McIntire


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