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November 2001

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Cooperation among airlines would result in passenger savings
According to the study, conducted by University of Illinois economist Jan Brueckner, cooperation between airline partners leads to a 23 percent fare reduction for interline passengers, who travel on two airlines when making their trip. Brueckner worked with American Airlines and British Airways on the project, which used US Department of Transportation data.

Accountancy graduates make the grade
Four CCBA 2001 graduates were honored by the Illinois CPA Society at a November 12 banquet in Chicago for their outstanding achievements on the May 2001 Uniform CPA Examination. One graduate received the Elijah Watt Sells silver medal from the American Institute of Certified Public Accountants for earning the second-highest overall score nationally on the May exam (and the highest state score). The three other members of the CCBA Class of 2001 also scored among the top 120 candidates who sat for the examination (~60,000 candidates took the twice-yearly exam).

The value of workers' skills and how technology impacts the valuation
A working paper considering the impact of technological change on human capital that was conducted by Michael Weisbach, professor of finance, and collaborator Glenn MacDonald of the Olin School of Management, was recently highlighted in an article in the Financial Times. The November 7, 2001, FT article called Weisbach and MacDonald's work a "fascinating study on the economics of 'has-beens'."

The Illinois MBA a "Top Techno-MBA Program"
Computer World recently issued its Top Techno-MBA Progam list and
The Illinois MBA was again included. Read all about the curricular variations on a techo-theme in the Computer World article by Lee Copeland. And make sure you read to the end where the table compares elements of the top 25 programs.,1199,NAV64_STO64908,00.html

Illinois "Flash" index rose in October
Surprisingly, the University of Illinois Flash Economic Index rose slightly in October to 98.4 from 98.2 in September. The results can be viewed as good news indicating that the Illinois economy did not suffer a decline as a result of the September terrorist attacks and their aftermath. The Flash Index is a weighted average of Illinois growth rates in corporate earnings, consumer spending and personal income.

Creator of the Flash Index honored
J. Fred Giertz was recently honored with the Campus Award for Excellence in Public Service that was created last year to recognize those who fulfill the university's commitment to using their scholarly, creative or professional knowledge for the purpose of improving the well-being of Illinois citizens.

Classroom dedicated
The Benjamin R. Purvin, Jr. classroom was dedicated on November 15. Named in honor of the 1938 accountancy graduate who was president and treasurer of Gear Tools Company in Detroit where he worked for fifty years,
room 241 Wohlers Hall is a state-of-the-art classroom used primarily by the MBA and EMBA programs. Benjamin Purvin's mother, Betsy, donated the funds that made technical renovations possible.

Forty under 40
Crain's Chicago Business includes three CCBA alums - Adam Hecktman ('88 Business Administration), Josh Schneider ('96 Finance), and Kenneth L. Serota ('83 Accountancy, JD '86) - among their forty "up and coming local executives."

Food and Brand Lab featured on TLC
Consumer behavior research was showcased on The Learning Channel (TLC) the Saturday after Thanksgiving, one of the days of the traditionally biggest shopping weekend of the year. Dubbed "buy-ology" by the BBC filmmakers, the two shows featured the work of CCBA Business Administration Associate Professor Brian Wansink and the college's Food and Brand Lab. (Check local listings as the shows may be repeated.)

James Scholar announced by Finance
Majid Afsharzadeh was notified last month that he is a James Scholar for the 2000-2001 academic year. Morgan Lynge, chair of the Department of Finance, noted Afsharzadeh "was among the elite in one of the top-rated finance programs in the United States."

Prairie hospitality at Thanksgiving
MBA students and their families enjoyed Thanksgiving at the homes of MBA staff members recently. Students from eleven countries participated.

Spring semester career fairs
Do you remember your first career fair? Things might have changed since you were a student. The variety of fairs represent new fields and new technology that makes virtual career fairs possible.

EMBA/MBA Alumni Review Weekend
The Office of Alumni and External Affairs asks that MBA and EMBA graduates mark their calendars for a visit to Champaign on February 9, 2002. While details are still being finalized, you can look forward to a luncheon with faculty speakers and a chance to watch a basketball game. For more information, email or call 217-244-6669.

Round Table in Chicago
The February 12, 2002, Round Table will feature a presentation on women in commerce. (More detailed information will be sent in a future listserv email.) Round Tables are held at the Illini Center on Wacker Drive from 11:30 a.m. until 1:30 p.m. Space is limited. For more information, email Christine Lockmon ( or call 217-333-6434.

New York and New Jersey alums take note!
Mark your calendar for February 16 when the Fighting Illini meet the Seton Hall Pirates at the Meadowlands. Join alumni and friends at a pregame lunch at the Crowne Plaza Hotel in Secaucus, NJ. Dean Avijit Ghosh and ACES Dean Robert Easter are special guests. For more information, email or call 217-244-6669.

Spring luncheon in Chicago at the Palmer Hour - April 5, 2002. Save date! (Details about this event will be in future listserv emails.)

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