For this season’s #GivingTuesday, Jon and Debbie Bethancourt have generously committed to a $10,000 matching gift if current and former students from the Strategic Philanthropy course raise $10,000 in additional funding for future grant making. The gift and the match will go straight to nonprofit organizations in the form of grant funding in the 2018-2019 school year.

The Strategic Philanthropy course at Mays Business School is heavily oriented toward the sustainable, responsible, and measurable ways in which nonprofits address and solve problems in local, national, and global communities. This course provides opportunities for students to practice strategic giving as a group while also developing a personal approach to philanthropy to carry forward into their personal and professional lives.

Donations to this initiative not only fund other nonprofits, but also provide a unique learning experience for students to learn how to “give well.”

…Read more

Categories: Alumni, Donors Corner, Featured Stories, Former Students, Mays Business, News, Programs, Selfless service, Spotlights, Students, Texas A&M

Alex CabanasFinding passion in leading and growing a company that makes a profound difference in the lives of employees, guests, owners, industry partners, and the community, Alex Cabanas ’98 exemplifies what it means to be a Mays Transformational Leader.

Cabanas graduated from Texas A&M University with bachelor’s and master’s degrees in finance, and went on to pursue an MBA at Harvard Business School. He currently serves as the CEO of global hospitality company Benchmark. To Cabanas, speaking to business honors students at Mays Business School was “a huge privilege.”

Cabanas kicked his session off by emphasizing the main theme he was discussing, that “it all starts with culture.” Cabanas said that “everything we do is about culture. Culture eats strategy for breakfast; culture is a lot of things to a lot of people.” Culture drives how his company behaves and what motivates them.

…Read more

Categories: Alumni, Business Honors, Finance, Former Students, Mays Business, News, Students, Texas A&M

Be the woman, find the woman, teach the woman – those were the directives delivered to the 400 attendees at the 2017 Women’s Leadership Initiative Conference hosted recently by Mays Business School.

This was the first year Texas A&M University opened the annual event to the public after starting at Mays’ CityCentre Houston as a series of seminars to help current and former female MBA students create connections and practice networking skills for their professional development.

The conference is one of the learning experiences that continue to make Mays Business School a vibrant learning organization.“The Women’s Leadership Initiative seeks to leverage the power of our powerful network and to arrest the progression of this alarming gender gap,” said Annie McGowan, Mays Business School’s Assistant Dean of Diversity and Inclusion.

This year’s participants heard from transformational leaders retired Col. Kim Olson, Deb Merril, and KC Allan Waldron. …Read more

Categories: Alumni, Diversity and Inclusion, Featured Stories, Former Students, Mays Business, News, Programs, Texas A&M, Women's Leadership Initiative

The fastest-growing Aggie-owned or Aggie-led businesses were recognized Friday night at the 13th Annual Aggie 100 at a dinner hosted by the Texas A&M Mays Business School’s McFerrin Center for Entrepreneurship. Members of the exclusive club were honored by about 700 attendees at a dinner at the Hall of Champions at Texas A&M University’s Kyle Field.

The company with the highest growth was Lonquist Field Services (Canada), which reported a growth of 223.287 percent. It is owned by Richard R. Lonquist ’87, Roy W. Duff ’85 and Robert S. Crews ’90.

The complete Aggie 100 list may be found at www.aggie100.com.

To be considered for the Aggie 100, companies (corporations, partnerships, sole proprietorships) must operate in a manner consistent with the Aggie Code of Honor and in keeping with the values and image of Texas A&M University, and must meet specific criteria.

…Read more

Categories: Alumni, Centers, Dean Eli Jones, Entrepreneurship, Featured Stories, Former Students, Mays Business, McFerrin Center for Entrepreneurship, News, Texas A&M

Attributing his current success to what he learned during his time at Texas A&M University, Tim Meyer was ready to share some of that knowledge when he recently visited with Mays Business Honors students as part of the Mays 2017 Transformational Leader Speaker Series.

“Stay disciplined in this field” seemed to be the common theme Meyer conveyed throughout the duration of the session. Meyer is a co-founder and managing partner at Angeles Equity Partners, and is responsible for overseeing all aspects for the firm’s investment activities. He received his Bachelor’s degree in finance from Texas A&M and an MBA with a concentration in entrepreneurial finance from the Wharton School at the University of Pennsylvania.

Meyer knew the value in sharing his decision to return to school to pursue his MBA, enlightening the students on how he went back to school without being sponsored by the firm he had been working for at the time. He then gave students a rule of thumb for planning when he said, “if you get into a top 5 school for your MBA, go, regardless of money. If it’s not a top 5 B-school, try to see if you get sponsored by your company/firm first.”

…Read more

Categories: Alumni, Business Honors, Finance, Former Students, Mays Business, MBA, News, Students, Texas A&M

Texas A&M University’s Mays Business School recognized two graduates – Kathleen Seiders ’95 and Wei Shen ’99 – with the Outstanding Doctoral Alumni Award. This award highlights former students who have achieved significant distinction in their academic field. The pair were honored during an awards presentation and reception on September 29.

“Kathleen and Wei are indicative of the high quality of individuals enrolled in our doctoral programs as well as the commitment that our faculty makes to help our students succeed,” said Mays Dean Eli Jones ’82, who received the honor in 2009. “Our doctoral candidates graduate with a deep knowledge of their subject area, a desire to expand the understanding in their field of research, and a commitment to educating future generations of students.”

Criteria for Mays’ Outstanding Doctoral Alumni include: sustained research productivity and visibility in the field; service to the profession as editor of a major scholarly journal; recipient of major awards for excellence in research, teaching and/or service; academic and administrative leadership; successful career progression at a peer or aspirational school; and holder of an endowed position. …Read more

Categories: Alumni, Departments, Former Students, Marketing, Mays Business, News, Ph.D., Programs, Texas A&M

By Texas A&M Foundation

The Texas A&M Foundation has received two lead gifts totaling $4 million in a $10 million fundraising campaign to name the Department of Accounting in honor of James J. Benjamin in Mays Business School at Texas A&M University. David Baggett, a 1981 graduate of the university with a degree in accounting, and his wife Denise have committed $2 million to the campaign. Ernst & Young has also committed a gift of the same amount. Both gifts will be endowed to support the needs of the department and to ensure its future growth.

The idea to name the Department of Accounting resulted after discussions between Mays Business School, David Baggett and Ernst & Young partner, T. Randall “Randy” Cain, a 1982 graduate from the accounting program and a Texas A&M Foundation trustee. James Benjamin was presented as a worthwhile namesake for the department because of his decades-long commitment to students. The Texas A&M University System Board of Regents recently approved the naming of the James J. Benjamin Department of Accounting.

“The Department of Accounting at Texas A&M is one of the leading accounting programs in the United States, largely due to Dr. Jim Benjamin’s leadership over 35 years as department head,” said Eli Jones, dean of Mays Business School. “In recognition of his extraordinary leadership and selfless service, former students David Baggett ’81 and Randy Cain ’82 have co-led the fundraising effort to name the department in honor of Dr. Benjamin. This funding will help sustain efforts in the department to maintain its national prominence in accounting research and teaching.”

The campaign to name the Department of Accounting is intended to enhance the visibility of the department and provide young people in the field additional opportunities to explore the accounting profession. In addition, the endowment will allow the department to recruit outstanding faculty, develop international opportunities for students to learn global accounting practices, and support high-impact educational programs, such as the Professional Program and the Energy Accounting Program.

Benjamin is the Deloitte Foundation Leadership Professor and head of the accounting department. He joined the faculty at Texas A&M in 1974 and has served as department head since 1982. After attaining his undergraduate degree and CPA license, he received his M.B.A. and DBA degrees from Indiana University. He previously served as the Ph.D. coordinator for Mays Business School and director of the school’s honors program.

“Over the past almost four decades, Jim Benjamin has been a driving force in the transformation of our business school,” said David Baggett. “When I came to Texas A&M in 1979, we were known largely as an engineering and agricultural school.” Today, some 38 years later, the Mays Business School undergraduate accounting program is consistently recognized in the top 10 among public universities, while the bachelor’s, master’s and Ph.D. programs made Public Accounting Report’s top 10 list for 2017.

“With Jim’s personality, business savvy and leadership skills, he would have been very successful in the corporate world,” added Baggett. “Fortunately for me and thousands of other accounting and business graduates, Jim dedicated himself to our success.”

“We are excited to be part of this effort to name the accounting department after Dr. Jim Benjamin and know the resulting endowment will serve future students for decades to come,” said Denise Baggett.

Half of the Baggetts’ contribution to the accounting program campaign will create a matching gift fund to encourage other donors to contribute to the cause.

“At Ernst & Young we are a purpose-driven organization focused on building a better working world,” said Cain. “When I think of Texas A&M, I can’t think of a better place to invest when we’re trying to live our purpose. Students come out with a set of instilled values, and this marries up with the EY purpose. You have to give credit to Jim Benjamin, who has been an extraordinary visionary in the world of accounting education.”

In addition to the two lead gifts to the campaign, Mays Business School has also received commitments from KPMG LLP, Deloitte, Karen Pape ’80, Karen and Rodney Faldyn ’88, Becky ’76 and Monty Davis ’77, Lina and Kenny Lawson, Marian ’82 and Willie Langston ’81, Wanda and Lou Paletta ’78, and Kay ’02 and Jerry Cox ’72, Tracy and Randy Hale ’85, and Mark Kelly ’79. Combined, these pledges, along with other commitments, total nearly $7.5 million.

“I was humbled and honored when I learned of the initiative to name the Department of Accounting,” said Benjamin. “While I have been gratified to be a part of the growth and success of the accounting program, I have always recognized that our growing reputation was a product of exceptional students and talented and dedicated faculty. I have been truly blessed to be surrounded by such great students, faculty and former students throughout my career.”

All gifts toward the James J. Benjamin Department of Accounting naming also count toward the Texas A&M “Lead by Example” campaign, which aims to raise $4 billion by the year 2020. If you wish to make an endowed gift of $25,000 or more to support the naming initiative, contact Brian Bishop at (979) 862-3615 or bbishop@txamfoundation.com. You can also contribute non-endowed gifts online at give.am/JamesBenjamin.

Mays Business School

Mays Business School’s vision is to advance the world’s prosperity. Their mission is to provide a vibrant learning organization that creates impactful knowledge and develops transformational leaders. Mays Business School educates more than 6,200 undergraduate, master’s and doctoral students in accounting, finance, management, management information systems, marketing and supply chain management. Mays consistently ranks among the top public business schools in the country for its programs and faculty research.

Texas A&M Foundation 

The Texas A&M Foundation is a nonprofit organization that unites generosity and vision to raise and manage major endowed gifts that support the future of Texas A&M University. For additional information and for photographs, please contact Dunae Crenwelge at dcrenwelge@txamfoundation.com or (979) 845-7461.

“Lead by Example” Campaign

Launched in 2015, Texas A&M University’s third comprehensive fundraising campaign, “Lead by Example,” is a joint effort between Texas A&M and its affiliate organizations: the Texas A&M Foundation, The Association of Former Students, the 12th Man Foundation and the George Bush Presidential Library Foundation. With a goal of reaching $4 billion by 2020, it is the largest higher education campaign in Texas history and the third largest conducted nationally by a public university. The campaign will generate gifts in three major areas: Transformational Education; Discovery and Innovation; and Impact on the State, Nation and World.

For more information about the campaign, visit leadbyexample.tamu.edu.

 

Categories: Accounting, Alumni, Departments, Donors Corner, Faculty, Featured Stories, Former Students, Mays Business, News, Texas A&M

Odin Clack ’02 was just looking for a hobby that would spur his creativity, but his entrepreneurial spirit turned what began as a pastime into Odin Leather Goods, a thriving regional brand.

The seeds of the small business were planted in 2012 when Clack, a corporate director of online marketing, went into a leather shop on a whim and picked up the tools and materials he needed to make a laptop sleeve. 

Soon, his experiment bloomed into a hobby that began to consume a good portion of his evenings and weekends. “Hobbies are expensive,” he said. “I started wondering, ‘How can I get a return?’”

The Dallas-area resident quickly figured out how to turn his passion for leatherworking into a business and now makes a significant side income from his creations. He also has leveraged a small budget, his contacts, and social media to double his business and gain loyal customers around the world.

Clack – who handles all of the production, marketing and shipping – primarily focused on improving his processes in order to increase production. When he started working with leather, he made two to three wallets a week. Now he produces more than 50 wallets along with other types of leather goods in that time span. “I ship 20-30 orders per week. Half are outside the state of Texas,” he said. “It is also normal for me to have bulk orders each week that consist of 50-100 pieces. I would have thought this was impossible four years ago given that I’m a one man shop. By focusing on efficiently managing resources and my processes I’ve been able to dramatically improve production speed.”

Clack currently is focusing on making Odin Leather Goods into a significant regional brand. He also is starting to do co-branded work with a variety of well-established companies, including Southwest Airlines, Willie Nelson’s Luck Reunion, Jack Mason watches, Renaissance Hotels, and Rolls Royce.

Adding fuel to the entrepreneurial spirit

Clack, who earned a degree in marketing, credits Mays and Texas A&M University for instilling a strong work ethic and fueling his entrepreneurial spirit. He especially appreciates Mays internships, which gave him the opportunity to get real-world experience.  

As a student, he held a staff position in Texas A&M’s Department of Multicultural Services Department and served as co-chair for the Southwestern Black Leadership Conference. During his time in school, Clack also started a few businesses, including a small company in which he created web designs. “I came out of Texas A&M with a resume that showed a history of production, a history of work, and a history of success,” he said. “And I had numbers to back it up instead of just having a resume full of activities.”

New horizons opening up

Unlike many entrepreneurs who have a side business, Clack doesn’t want to eliminate his day job. “I enjoy what I do, and I’ve put the last 10-15 years into building my professional career,” he said. “My side business is a way to keep my creativity going, generate some additional income, and network.”

In an unexpected turn, Clack is beginning to share what he has learned from Mays, his day job and his small business with other entrepreneurs who are part of the maker’s movement.  “I have met a whole lot of great people and worked with a ton of great businesses in the area (through Odin Leather Goods),” he said. “Some of those contacts now are turning into consulting gigs. They’re looking at how I have grown my business and they’re asking, ‘How can I grow my business too?’”

Clack believes the combination of entrepreneurship and creativity offers a very viable way to earn a living. “In this day and age, with very little money in your pocket and a little bit of determination, you can generate significant income just off of good ideas, focus and a lot of hustle.”

 

Categories: Alumni, Entrepreneurship, Former Students, Marketing, Mays Business, News, Spotlights, Texas A&M

Louis “Lou” Paletta, a founding partner and the chief operating officer of Kildare Partners, joined the Texas A&M Foundation Board of Trustees on July 1.

Paletta, originally from San Antonio, earned his bachelor’s degree in accounting from Texas A&M University in 1978. Prior to joining Kildare—a $4 billion private equity firm organized in 2013 to target distressed European commercial real estate-related opportunities—Paletta spent 20 years with Lone Star Funds, holding a variety of leadership positions. Paletta’s career has taken him to Asia, Europe, the Middle East, Australia and New Zealand.

During his tenure at Lone Star, he was responsible for coordinating the formation of 10 private equity funds, representing $34 billion in capital commitments from a variety of global institutional investors including public pension funds, corporate pension funds, sovereign wealth funds, endowments, and foundations.

Before Lone Star, he served as director of internal audit for Brazos Asset Management Inc. and senior audit manager of American Savings Bank. He spent the first 12 years of his career with Deloitte specializing in attestation, business reorganization and litigation support.

“I am honored to have the opportunity to continue to serve Texas A&M University and am privileged to be working with an outstanding group of proven professionals that ‘lead by example’ in distinguishing Texas A&M from its peers,” Paletta said.

He has remained active in the Texas A&M community, serving in volunteer leadership roles for Mays Business School and the 12th Man Foundation. He and his wife, Wanda, are longtime benefactors to Texas A&M and are members of The Association of Former Students’ Century Club, the A&M Legacy Society and the 12th Man Foundation’s Diamond Champions Council. Paletta also serves on the Dean’s Advisory Board at Mays Business School and was honored as an Outstanding Alumnus in 2017.

Paletta also serves as chairman of the Board of Managers of Cerebrum Health Centers, a nationally recognized brain rehabilitation center. He has previously served on the Board of Directors for the Aggie Golf Association and the Vaquero Club in Westlake, as well as captain of the Dallas Area Champions Council. He has regularly visited campus to speak to business honors students about his experience in the finance and investment worlds. In 2016, he was recognized with an Outstanding Alumni Award from Mays Business School.

“Lou and Wanda are action-oriented volunteers who live by our Aggie core values,” said Tyson Voelkel ’96, president of the Texas A&M Foundation. “They embody the Aggie spirit and consistently support athletics and academics. I am proud to welcome Lou to our exceptional Board of Trustees and look forward to his influence on our endowment performance and impact on the university’s ‘Lead by Example’ campaign.”

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This story is posted on Texas A&M Today

Texas A&M Foundation 
The Texas A&M Foundation is a nonprofit organization that solicits and manages investments in academics and leadership programs to enhance Texas A&M’s capability to be among the best universities.

For additional information or for photographs, please contact Dunae Crenwelge at dcrenwelge@txamfoundation.com or (979) 845-7461.

Media contact: Dunae Crenwelge, Texas A&M Foundation (txamfoundation.com) at (979) 845-7461 or dcrenwelge@txamfoundation.com

  • by Texas A&M Foundation staff

Categories: Accounting, Alumni, Former Students, Mays Business, News, Texas A&M

Texas A&M University is tied with the University of Michigan for having the most graduates currently serving as CEOs of Fortune 500 companies, according to a new Fortune magazine study.

With four former students serving as CEOs of some of the largest companies in the United States, Texas A&M has the most of any university in Texas and is only matched by the University of Michigan. Other schools on the Fortune list include Cornell University and Harvard University, both with three CEO graduates.

Texas A&M also is the only Texas school in the survey with a CEO on Fortune’s Top Ten list. Darren Woods, CEO and chairman of Exxon Mobil, studied electrical engineering at Texas A&M and is a 1987 graduate. His wife, Kathryn Woods, is also a 1987 Texas A&M graduate who earned a degree in accounting from Mays Business School.

This year’s Fortune list also includes Bruce D. Broussard, CEO of Humana, Class of 1984; David M. Cordani, CEO of Cigna, Class of 1988. Both Broussard and Cordani earned degrees in accounting from Mays Business School.

“Texas A&M has always been committed to developing leaders of character and the mission of Mays Business School is to develop transformational leaders,” says James Benjamin, head of the department of accounting at Mays Business School. “Beyond that, accounting is often referred to the language of business and graduates are well positioned for success is all aspects of organizations. Both Mr. Broussard and Mr. Cordani worked as auditors with major public accounting firms and became CPA’s before transitioning to the corporate world. Many believe that the discipline and work ethic required in public accounting provides good preparation for leadership roles in business.”

Not included in this year’s survey is Jeff Miller, who was recently appointed as president and CEO of Halliburton Co.  Miller received an MBA from Mays Business School in 1988.

Read more here: http://today.tamu.edu/2017/07/05/texas-am-heads-fortune-magazine-ceo-list/

Categories: Accounting, Alumni, Departments, Entrepreneurship, Featured Stories, Former Students, Mays Business, MBA, News, Texas A&M