The Kelley Office of Alumni Programs and the Office of Marketing and
Communications are proud to present the next issue of the Kelley NewsWire
to you as a graduate or friend of the Kelley School of Business. This is a
monthly electronic newsletter to keep you informed on all that is
occurring at Kelley. We hope you will enjoy it! If you do not wish to
continue to receive it, please send a message to busalum@indiana.edu
including your name and graduation year, and we will remove you from the
distribution list for this electronic newsletter.

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Contents
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 1. Upcoming events
 2. Annual Business School Alumni Professionals Conference
 3. Tenth Street closed for summer construction
 4. Kelley faculty talk shop
 5. Kelley School offers first Aclick-to-donate@ scholarship
 6. "Success" magazine ranks Kelley entrepreneurship program No. 7 in
nation
 7. Goldman, Sachs makes gift to Corporate & Graduate Center
 8. Accounting graduate students participate in area consulting projects
 9. Kelley MBA program in "U.S. News & World Report" top 20
10. GCS hosts employer reception in Indianapolis
11. Do you know that...?
12. Kelley School of Business in the news
13. Faculty Forum

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1. UPCOMING EVENTS
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May 23  New York Dean=s Reception
Harvard Club of New York
6:30-8:30 p.m.
Roger Ibbotson (MBA=67), Founder of Ibbotson Associates,
will be recognized as a 2001 recipient of the Kelley
School of Business Academy of Alumni Fellows Award
Register on-line at http://www.kelley.iu.edu/alumni/newyork.cfm

June 7  "The Art of the Deal": The Transformation of Chicago Title and
Trust Company and the Quintupling of Shareholder Value
                Hosted and sponsored by LaSalle Bank
5:00-7:00pm
                For more details and registration, go to:
http://www.kelley.iu.edu/alumni/chicago.cfm

Sept. 21-22     MBA Alumni Weekend in Bloomington
featuring the Class of 1991 10-Year Reunion
Save the date!  Details forthcoming.

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2. ANNUAL BUSINESS SCHOOL ALUMNI PROFESSIONALS CONFERENCE
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The Kelley Alumni Programs Office organized and hosted the first-ever
conference for alumni professionals of the top-tier business schools.
During the two-day Annual Business School Alumni Professionals (ABSAP)
Conference, alumni professionals from twenty-one different institutions,
from Harvard to Haas, were in Bloomington to discuss the many issues
facing alumni relations. Conference sessions covered everything from
alumni outreach to technology to alumni communications and services. The
information exchange and the opportunity to network with peers were
invaluable. The good news from the conference is that Kelley alumni
efforts are right in line with the services provided by other top-tier
schools. Given the success of this year's program, we will be hosting the
conference again in June of 2002. If you are interested in more details
about ABSAP, please visit the Web site at
http://www.kelley.iu.edu/alumni/absap.cfm.

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3. TENTH STREET CLOSED FOR SUMMER CONSTRUCTION WORK

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If you=re planning to visit the Bloomington campus this summer, take note:
Tenth Street currently is closed from Woodlawn Avenue to Jordan Avenue,
starting after graduation on May 8 and lasting until approximately August
10. Sewer and water line work and storm drain system improvements are
planned. There will be limited pedestrian traffic along Tenth and crossing
of Tenth during the construction period. A detour using Law Lane and 13th
Street between Jordan and Indiana avenues has been posted to aid traffic
flow. Another project will involve closure of Fee Lane from Tenth Street
to the entrance of the Fee Lane parking garage due to Kelley School
construction work. For more information, go to
http://www.parking.indiana.edu.

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4. KELLEY FACULTY TALK SHOP
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Want a AKelley@ perspective on what's happening in business? Ever wonder
what Kelley professors' views are on certain issues? Catch them online!
Every week visit the Alumni Programs Web site to view interviews with the
many distinguished Kelley professors as they discuss what is happening in
business now. From the decimalization of the stock market to taxes ? a new
business Ahot topic" each week! Go to
http://www.indiana.edu/~kvp/hottopic.html or
http://www.kelley.iu.edu/alumni/specialprograms.cfm.

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5. KELLEY SCHOOL OFFERS FIRST ACLICK-TO-DONATE@ SCHOLARSHIP
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"Click?to?donate" Web sites have become a popular philanthropic activity,
allowing individual Internet users to support worthwhile causes without
incurring personal financial cost. The Kelley School has introduced the
Kelley Alumni Internet Scholarship Fund, which is believed to be the first
"click?to?donate" opportunity offered by an educational institution for
its alumni and friends. The first recipients are William Harcourt Haughey,
a freshman from St. Louis, and MBA student Wei?Li Shao, native of Dallas.
Distinguished Kelley School alumni ?? including the first sponsor, Ronald
W. Dollens, MBA'72, president and CEO of Guidant Corp. B have agreed to
fund the scholarships for undergraduate and graduate students based upon
the number of "clicks" to donate that are logged at the scholarship fund's
Web site, http://www.kelley.iu.edu/alumni/scholarship.cfm.

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6. KELLEY SCHOOL'S ENTREPRENEURSHIP PROGRAM NAMED
SEVENTH BEST IN THE NATION
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In its February/March issue, "Success" magazine ranked the
entrepreneurship program in the Kelley School of Business as the seventh
best among 50 programs that it ranked from more than 250 schools surveyed.
Faculty from the Kelley School's management, marketing and finance
departments and IU's School of Public and Environmental Affairs have
contributed to this reputation. For more on the rankings, go to
http://www.successmagazine.com/2_01stories_3/bus_schools/ranking.htm.

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7. GOLDMAN, SACHS CONTRIBUTES TO NEW KELLEY BUILDING
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Goldman, Sachs & Co. on April 13 presented a gift of $300,000 to the IU
Foundation to support the Kelley School. The funding will go toward a
60?station classroom in the Corporate & Graduate Center. On hand at the
ceremony was Jay Goodgold, managing director at Goldman in Chicago.
Goldman, Sachs is a leading global investment bank and securities firm
headquartered in New York. It maintains offices in London, Frankfurt,
Tokyo, Hong Kong, and other major financial centers around the world. Read
more at http://www.iuinfo.indiana.edu/ocm/releases/gsachs.htm.

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8. FIELD CONSULTING PROJECTS IN BLOOMINGTON
BENEFIT GRADUATE STUDENTS IN ACCOUNTING
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In order to gain valuable consulting experience with area businesses,
Kelley students enrolled in the MBA in Accounting and Master of
Professional Accountancy degree programs participate in a course titled
Field Consulting Projects in each of two semesters. Students worked with
16 host firms this year to identify real business problems related to
accounting and information systems and to formulate and implement
solutions to these problems. Emphasis is placed on critical thinking in
problem identification and solution implementation. There is a strong
orientation toward developing skills that will be useful in
problem?solving situations: leadership, teamwork/collaboration skills,
critical/creative skills; oral and written communications, and
self?assessment. Among the local firms that hosted field projects are
Bloomington Hospital, Boston Scientific, C&M Conveyor, City Grille,
Commercial Service, Cook, Inc., IU Speech and Hearing, IU Residence Halls,
Stonebelt Center, and TIS. Other Indiana companies that have benefitted
from these consulting services include Ernst & Young, Financial Services
Group, Indiana CPA Society, Eli Lilly & Company, Pratt Corp., Reilly
Industries, and Village Venture. For more information about the Kelley
School's Systems & Accounting Graduate Programs, go to
http://www.sagp.kelley.indiana.edu.

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9. AU.S. NEWS@ RANKS KELLEY SCHOOL MBA PROGRAM IN TOP 20
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"U.S. News & World Report," in its March "Best Graduate Schools 2000?2002"
issue, placed the Kelley School's full?time MBA program as No. 20 in the
nation. The School's production and operations management program was
ranked No. 10 by business schools deans and senior faculty. The
methodology used in the overall school rankings includes reputation by
academics and corporate recruiters, placement success, and student
selectivity. The publications lists 11 other IU graduate programs among
the top 25 in the country. For more details, go to http://www.usnews.com.

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10. GCS HOSTS EMPLOYER RECEPTION IN INDIANAPOLIS
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In an ongoing effort to create strong, new employer channels for MBAs,
Graduate Career Services in April hosted its initial High?Growth Business
Forum in Indianapolis. Thirty?one potential employers attended the event,
the purpose of which was to build a better connection between the
Indianapolis business community and the Kelley MBA programs ?? both the
evening program in Indy and the nationally ranked Bloomington residential
program. The firms learned how Kelley MBAs could benefit their business
development. "The event was a great way to strengthen the Kelley brand in
Indianapolis," says Dick McCracken, GCS director.

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11. DO YOU KNOW THAT...?

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YOU CAN HAVE "BUSINESS NEWS ON DEMAND... INFORMED. IN DEPTH. IN TIME."
That's the mantra of "Inside INdiana Business," a revamped business news
television program with an innovative model that's making waves. The
Kelley School is a partner and sponsor of this venture. Want to see Kelley
faculty delivering their expertise on the Web? Click on
http://www.insideindianabusiness.com, then select "The Show" tab and go to
the section on Kelley commentaries. Tune in on the expertise of a favorite
Kelley faculty member. Upcoming Kelley Commentators will be Leigh Dunston,
visiting clinical professor of business law, and Lance Bettencourt,
assistant professor of marketing. The School's Indiana Business Research
Center also is a weekly content provider. Each week IBRC highlights
ongoing research on employment, population, and more. The IBRC pieces also
are on the Web site. Central Indiana viewers can watch the show on WFYI
(PBS) at 10 p.m. Fridays and on WRTV (ABC) 11:30 a.m. Sundays. Bloomington
folks can watch it at 3:30 p.m. on WTIU (PBS) Saturdays. Other Indiana
viewers should check their local listings for programming by local
affiliates.

WHILE THE JOB MARKET TENDS TO BE SLIGHTLY MORE DIFFICULT FOR INTERNATIONAL
STUDENTS, the Graduate Career Services office is pleased to report that 63
percent of the companies that recruit on campus do consider international
students for their hiring needs. For the spring internship recruiting
season, 44 of the 97 on?campus recruiting companies had schedules open to
international students while an additional 17 made exceptions based on the
students qualifications. The results were similar for the full?time fall
recruiting season with 92 companies (out of a total of 145) considering
international students.

TWO BLOOMINGTON SENIORS RECEIVE EDIE AWARD. Hats off to seniors Bill
Eckmann and Erin Sharkey, co?recipients of the annual Lionel D. Edie Award
bestowed by the department of business economics and public policy. The
annual award, given to one or more high?ranking graduating seniors
majoring in business economics, is named for Edie, who served on the IU
faculty from 1923?1927. Edie, a pioneer in the area of business economics
at IU, went on to a highly successful Wall Street career. The students
will be honored at a luncheon and will each receive a $750 cash award.

FOURTEEN KELLEY UNDERGRADUATES ARE AMONG THE TOP 100 OUTSTANDING IUPUI
STUDENTS. For the second year, IUPUI has announced the top 100 outstanding
junior and senior students. To be eligible for this award, students must
be degree?seeking juniors or seniors on the Indianapolis campus, have
completed a minimum of 56 credit hours applicable to their degrees, and be
involved in campus life and service to the community. Congratulations to
these 14 Kelley students who were among those honored: Eva Anderson, Amy
Chambers, Jennifer Cole, Thies Hermann, Patrick King, Rebecca McGovern,
Chad Pulley, Scott Rongo, Konstantin Shatskikh, Russell Simon, Seth
Thomas, Shannon Tompkins, Laura Waggoner, and Julie Wooten. Tompkins was
also named one of the top 10 female students, and Pulley was among the top
10 male students.

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12. KELLEY SCHOOL OF BUSINESS IN THE NEWS
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KIPLINGER'S
May 2001
"Web MBAs Make the Grade"


You're a senior analyst with a utility company, the father of three, you
devote lots of time to coaching their sports teams, and you want to get an
MBA. If you're Rick Hensley, with Cinergy Corp. near Indianapolis, you
enroll in the online MBA program at the Kelley School. "I didn't want to
miss two or three years of my children's lives," he says. "My options were
either to find something online or wait five or six years." Now he reads
his professors' weekly lectures and completes the assignments when it
suits his schedule, and he'll get his degree this year. John Shade, chief
engineer of Rolls?Royce's 501k?engine program in Indianapolis, says, "I
thought that if I was going to invest the effort to get an MBA, I would do
it only through a high?caliber program." Shade made his move when IU began
offering its two?year program online.

FINANCIAL TIMES
April 12, 2001
"Few Countries Enforcing Insider Trading Laws"

Finance Professor Utpal Bhattacharya is extensively quoted in Alison
Beard's article on his study (in cooperation with Kelley doctoral student
Hazem Daouk) of the world's 103 stock markets. The study, soon to be
published in the "Journal of Finance," contends that nearly 85 percent of
the world's stock markets have laws against insider trading but only
one?third have enforced them. And in countries where no insiders have been
prosecuted, companies pay an average of 5 percent extra to raise capital.
"That is the price of honesty," he says. Bhattacharya argues that
"controlling large shareholders could easily be tempted by management to
make profits from stock tips rather than... from hard?to?do monitoring.
Knowing this, [other] shareholders would demand a higher return on
equity."

LOS ANGELES TIMES
April 8, 2001
"Companies' Downsizing Efforts May Not Boost Earnings But Just Lower
Morale"

The strategy you employ to rescue your company from the brink might just
shove it over the cliff. So said researchers at IU's Kelley School of
Business who studied the downsizing efforts of eight large U.S.
corporations in the 1990s. "Only half of the downsizings... we studied
actually resulted in increased profits," said Vince Mabert, professor of
operations and decision technologies.

THE NEW YORK TIMES
March 22, 2001
"Wall Street Falls Into Bear Territory"

Investors typically seek safe havens in bonds and money market funds when
the stock market tanks. Chuck Trzcinka, the Cozad Chair in Finance, says
it's difficult to determine when to get out of those more stable
investments and put the money back into the stock market. That' why some
market players like to put their money into companies they know will
produce profits whether the economy is good or bad. "They're not the high
flyers, but they're certainly stable and they're going to be with us," he
says. "Just because the stock market is down, it doesn't mean you don't
need houses to live in and food to eat and clothing to wear." He adds,
"There are no surefire rules to make money in a bear market, but the bears
eventually hibernate." The Associated Press article also appeared in Fox
Market Wire, "Salt Lake Tribune," "Everett (WA) Herald," "Allentown
Morning Call," "Charleston (SC) Net," "Oklahoma City Oklahoman," "Chicago
Sun?Times," "Denver Rocky Mountain News," and "Modesto Bee."

WESTWOOD ONE RADIO NETWORK
March 12?13


The radio network conducted a pair of interviews with Chuck Trzcinka, the
Cozad Chair in Finance, about the volatile stock market. The interviews
were for distribution to the network's more than 7,500 affiliate radio
stations.

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13. FACULTY FORUM
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Steve Baginski, professor of accounting and information systems, has been
named chair of Kelley doctoral programs.

Cathy Bonser?Neal, associate professor of finance in Indianapolis,
recently spoke to the Indiana World Trade Club on the topic of
"Globalization and Trade." She also spoke on the same topic to two groups
sponsoring the "Great Decisions 2001" speaker series of the Foreign Policy
Association: The Indiana Council on World Affairs in February and the
Mid?North Shepard's Center in March.

Jeff Fisher, director of the Center for Real Estate Studies and professor
of finance, will give the keynote address on "Real Time Valuation of Real
Estate" at the World Valuation Conference in Singapore this month.

David Greene, clinical professor of accounting and information systems,
has been named chair of Systems and Accounting Graduate Programs for a
three?year term commencing mid?August.

Mike Groomer, professor of accounting, has been awarded the Certified
Information Technology Professional designation by the American Institute
of Certified Public Accountants.

Robert Jamison, professor of accounting in Indianapolis, has been elected
to the board of directors of the Indianapolis Chapter of Financial
Executives International. His S Corporation treatise has been acquired
from Harcourt by Aspen Publishers.

Rich Magjuka, chair of distance education at Kelley, will receive an IU
FACET Award for excellence in teaching at a May ceremony. Criteria for the
award include student and peer evaluations, scholarly contributions to
research on teaching, and creativity and innovation in course design and
pedagogical methods.


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