ALUMNI

University Alumni Association Honors Two from Commerce

Sheldon Good

The University of Illinois Alumni Achievement Award has gone to CBA alumnus and business leader Sheldon Good (BS Marketing '55). The highest honor accorded by the University of Illinois Alumni Association, the award was presented to Good at university commencement ceremonies on May 14. One of just three alumni recipients in the year 2000 — and the only honoree from the Midwest — he was chosen from the ranks of some 300,000 living graduates and joins a select group of honorees, among them a top athlete and a former astronaut, as well as Nobel Prize winners, former Cabinet officers, and business leaders. The award was presented by Carol Keiser, chair of the Alumni Association Board, who praised Good for "his dynamic and continuing leadership of the real estate industry at the local, national, and international levels as well as his ground-breaking real estate marketing innovations and decades of philanthropy."
Sheldon Good

 Founder and chairman of Chicago-based Sheldon Good & Company International, Good opened his company in 1965, developing it into one of the nation's largest real estate auction firms. Former world president of the International Real Estate Federation (FIABCI) — and the first American in more than a decade to hold that honor — Good chairs the organization's annual competition, which recognizes outstanding real estate developments around the world. He has been singled out as "One of Chicago's 25 Most Influential Realtors During the Past Century" by the Chicago Association of Realtors.  A past president of that 6,000-member organization, he serves as chair for its Hall of Fame Awards. Good also helped to raise $15 million for the construction of Bernard Mitchell Hospital at the University of Chicago.

Howard Engle

Howard Engle, Commerce alumnus extraordinaire, was one of four Illini presented the University of Illinois Alumni Association 1999 Constituent Leadership Award at the Leadership Conference held on January 29, 2000. This award is given annually in recognition of exceptional service to a constituent group, in particular, and UIAA in general.

His bio in the commemorative program states that "Since earning his bachelor's degree in accountancy . . . in 1972, Howard Engle has been instrumental in improving and moving the Commerce Alumni Association into the 21st century." "How?" you might ask. We in the college know full well how generously Howard has shared his time and talent with the college for the benefit of all Commerce alumni.


Howard Engle

He joined the Commerce Alumni Board in 1987, serving as president from 1995_1998. During his tenure as president he oversaw several major projects, including the Commerce Alumni Directory, the Commerce Matthews Scholar Endowment, the Commerce Merchandise Program, and the fledgling Mentoring Program. In addition, he continued the long-standing traditions of the Homecoming Tent Party and the
Spring Luncheon.

His contributions to the college, our alumni, and our students go far beyond his considerable service to the Commerce and University Alumni Associations. He has also been a member of the University of Illinois Alumni Association Board since 1997. He served as vice-chair (1998-99) and then chair (1999-2000) of the Commerce Business Advisory Council, a group of over 100 prominent business and government leaders who share their business acumen with the college. And each year, in the fall, he team-teaches a course in international tax, traveling to campus to share his knowledge with current students. He has also played a leadership role in the Arthur Andersen Campaign to raise $6-7 million to build a new classroom building for the college.

Howard Engle's commitment and dedication to Commerce and the university are exemplary. He has devoted innumerable hours of his personal time to building relationships among faculty, students, and alumni. His latest service to the college is as a member of the provost's search committee to hire a new dean of the college. When Howard is not serving the college he is a tax partner at Arthur Andersen, with a specialty in International Tax. He also serves on the Arthur Andersen Foundation Board. We are proud to have Howard Engle as an alumnus of the college and pleased that his hard work on behalf of college and university alumni has been recognized with this richly deserved Constituent Leadership Award.

A Gathering in Texas

On March 23, Commerce alumni joined Dean Howard Thomas and college staff for a reception at the Brookhaven Country Club in Dallas, Texas.

Hosted by Charles Finn (BS Marketing '55) and his wife Blanche, the event drew close to fifty guests.

The keynote speaker was Dean Thomas, who presented an informative, entertaining outlook on the future of business and business education. He noted key questions that businesses must address such as, how can competitors do more for less? How can companies get maximum advantage out of available resources? The dean also identified important issues that business schools, such as Commerce, face in order to stay competitive. He stated his belief that effective management education should include a global perspective, incorporate lifelong learning,
and respond to the opportunities presented by the Internet. He also stressed that business schools need to form strategic alliances and position their schools strategically—with benchmarking and branding—in the marketplace.

One of the evening's special guests was Jessie Finn, mother of Charles, who made a generous gift in honor of Charles and Blanche Finn's longstanding commitment to Commerce and to the University of Illinois. The gift was presented by the couple's son Steven and their daughter, Pamela Finn Trueblood. It will be used to help establish an endowed position at the college named after Howard Thomas, an initiative Charles Finn has championed.

CBA Round Table Events

Interested in talking about business issues? In the past year, the CBA Office of Development has launched a Round Table series, at which alumni and colleagues can meet to learn about and discuss challenges and concerns facing the business community. Below, we present recaps of our three most recent Round Tables, held during the winter and spring in Chicago and New York.

Chicago Round Tables

What are the advantages and challenges of commerce on the Web? What is the one- to three-year outlook for e-Business? These key points formed the basis of a lively discussion among panelists and guests at the "College of Commerce Round Table: e-Business," held at the Illini Center in Chicago on February 16. Hosted by Todd Miller (BS Business Administration '81), president of The Revere Group, the event drew a large crowd of Commerce alumni and their friends and colleagues in the Chicago business community.

Moderator was Merle Giles, director of the Commerce Executive MBA program, and panelists included: Shawn Carpenter
(BS Accountancy '95), founder, WallStreetView.com; John Lucas (BS Mechanical Engineering '83), senior vice president and chief operating officer, CIT Vendor Technology Finance-USA; Waverly Deutsch, executive vice president, marketing and strategy, fob.com; and Alberto Ruocco, vice president, The Revere Group.

The event was the first in an ongoing Round Table series organized in Chicago by the Commerce Office of Development and Alumni Affairs.

How the fifth-year requirement will impact salary levels is not presently clear, though it was noted that well qualified MIS majors may soon be drawing as much as 50 percent more for starting salaries than accountancy students.

The 150-hour requirement for CPA certification was the focus of the second Round Table panel discussion held on May 23 at the Illini Center in downtown Chicago. Moderated by Gene Willis, head of the Department of Accountancy, the discussion focused particularly on the recruitment challenges created by the state mandate and drew a lively response from the audience of CBA alumni and colleagues. Among the members of the panel was James Hill, Jr., who is managing partner, Hill, Taylor & Company. Panelists also included two CBA alumni: James Cook (BS Accountancy '71), a partner in Ernst & Young, and Tom Freyman (BS Accountancy '76), who serves as vice president and controller for the Hospital Products Division of Abbott Laboratories. Special guests also included Ken Perry and Art Wyatt, long-time distinguished members of the accountancy faculty at CBA.

The major concern raised was whether the number of accounting majors will decline because an additional year of study is required for taking the CPA exam. While the Department of Accountancy appears to have addressed this concern, at least in part, by providing a program whereby students can obtain a master's degree as well as CPA certification with five years of study, the market for accountancy majors is already tight, and it appears that recruitment costs are bound to rise. Solutions discussed included hiring four-year degree recipients, then offering an incentive to complete the fifth year of study. Ernst & Young is putting more emphasis on internships and also working toward partial scholarship arrangements to help defray the increased costs posed by a fifth year of study. Like other accounting firms, Ernst & Young is also looking into programs that will attract non-accounting majors who can then be specially trained. Currently the firm pays an average of $45k to incoming undergraduates, and $46-52k to recruits holding graduate degrees. How the fifth-year requirement will impact salary levels is not presently clear, though it was noted that well qualified MIS majors may soon be drawing as much as 50 percent more for starting salaries than accountancy students. Again, the accountancy program at Commerce can potentially address this issue with "added-value" course offerings in the fifth year of study. Abbott, faced with special recruiting challenges because the company is not located in the city, offers current employees a "headhunting" bonus for recruiting new employees, and is also working to change the culture of the organization, with strategies that include allowing full time casual attire and building a child-care facility. The company is also considering a satellite office in the city and telecommuting options.

Upcoming round tables are planned in September (on banking) and November (on venture capitalism). These will be held at the Illini Center, 200 South Wacker Drive, Chicago. For more information contact the development office at 217-333-6434.

 

Chicago Round Tables

Hold the following dates!

  • Tuesday, September 12:
    Banking
  • Wednesday, November 15:
    Venture Capital
  • Thursday, February 1, 2001:
    To Be Announced

Sessions are held at lunchtime, 11:30 a.m.-1 p.m., in the Illini Center, 200 S. Wacker Drive, Chicago. For more information, please contact the CBA Development Office at 217-333-6434, or tahoward@uiuc.edu.

Rebounding from the winter doldrums — Jeanne Leaders (BS Business Administration '95) flanked by friends at the Fifth Annual Basketball Bash. The event, sponsored in Chicago by the Young Alumni Committee before the Illini game against the Hoosiers on February 9, drew a lively crowd to Joe's, where Illinois alumni triumphed over Indiana in the pre-game Canned Goods competition (also a big boon to the Greater Chicago Food Depository).

New York Round Table

The first College of Commerce Round Table Event in New York City took place on Tuesday, May 2, in the venerable and handsome setting of the city's University Club. Organized to bring alumni together to discuss topics of interest in the university and business communities, Commerce graduates and friends heard an address by Dean Howard Thomas on "Strategic Management and the Future of the College." In a talk which compared strategic management of a business and strategic management of the college, Thomas discussed important competitive themes in business schools and specified key issues such as global orientation, lifelong learning and executive education, and technology learning and initiatives, which business schools must address.

Responses from participants were very positive, and the College of Commerce is committed to making this an annual event. We hope that more New York area alumni will be able to attend next spring. If you have any questions, please contact Tina Howard, associate director of development, College of Commerce and Business Administration, at 217-333-6434 or tahoward@uiuc.edu. A special thanks to the committee members Susan Bremer, Maureen Brille, Vic Capadona, Nabil Fares, Ron Freres, Mark Parkins, Ed Roland, and Monte Wolfson.