March, 2007 | Mays Impacts - Part 2

Marketing professors Manjit Yadav and Rajan Varadarajan won an honorable mention in the William R. Davidson Best Paper Award competition for the best article in the Journal of Retailing‘s 2005 issues.

Their winning article is “Understanding Product Migration to the Electronic Marketplace: A Conceptual Framework,” which appeared in the Journal of Retailing in May 2005. The duo also shared their perspectives on how the field can build on e-commerce research like theirs during the American Marketing Association winter educator’s conference in February.

The Davidson awards are given annually to authors of leading retail-marketing articles published in the journal. Awards are given two years after a paper’s original publication to allow for evaluation of the research’s effect on the field.

Categories: Departments, Faculty, Research Notes

Master of real estate candidate David Holland was part of the first team from Texas A&M to get on the winner’s list in the Urban Land Institute’s Gerald D. Hines Student Urban Design Competition.

The urban design team, which consisted of Holland and four other students from land development, architecture and construction management, was one of five honorable mentions in the competition. That puts the team in the top 10 percent of the 104 competing teams in 2007, and helps put Texas A&M real estate education on the map for those in the Urban Land Institute, or ULI.

Past winners include teams from such schools as Harvard, Berkley and Columbia.
ULI members include everyone from architects, land developers, manager of real estate investment trusts and real estate professionals.

Categories: Centers, Students

Mays’ MBA program fared well again in the 2007 London-based Financial Times‘ rankings of the best programs in the world, moving up four places to 22nd U.S. public. The program held steady in terms of placement three months after graduation, holding on to the 1st place position (tied) in rankings that were released in February.

For more on the Financial Times rankings of both the MBA and EMBA, see

Categories: Programs

February marked the first time junior finance major Tracie Goodwin plied her skills on the trading-room floor, leaning over her laptop to make quick decisions about whether to buy, sell or hold onto natural gas futures.

Though she and a partner finished with a loss in the trading competition hosted by BP at Mays, Goodwin brimmed with enthusiasm about the experience. “This is for me,” she announced. “I definitely want to have a future in investments and trading.”

That’s just the kind of thing recruiters for BP’s energy trading floor want to hear. For the second year, BP returned to the Reliant Energy Securities and Commodities Trading Center in search of talented students who have an interest in energy trading. BP’s purpose is three-fold: “To expose students to the energy trading business, let them see who we are and what we do, and to see if there are any talented students for future consideration in our trader development program,” says Tami Joslin, BP’s graduate recruiting manager for its North American gas and power business unit based in Houston.

The internal recruiting competition at Mays’ Reliant Energy Securities and Commodities Trading Center was the first of its kind for BP last year. Returning in 2007 with a more sophisticated trading simulator, BP also added recruiting competition stops at the University of Texas, Rice and the University of Oklahoma.

In this February’s BP competition, 90 business students—mostly freshmen and sophomores—executed simulated natural gas futures trades based on mock news feeds that typically influence trading behavior in the energy sector. In hour-long sessions in three separate rounds, students traded contracts based on the relevance of the news, such as a familiar scenario in which a hurricane is threatening oil production in the Gulf Coast.

Overall winners were sophomore Chris Martin, who took first, and the teams of junior finance major Steve Teng and sophomore Kelly Corley (second) and junior accounting majors Natalie Minshew andStephanie Coco (third).

Finance students at Mays are already being trained for the type of securities and commodities trading that happens at BP, Joslin noted. “The finance program is so strong,” Joslin said. “We know these students are being exposed to what we do on a daily basis.”

The big picture for Mays professors is not only showcasing the best students to BP. It’s also about sparking an early interest in trading as a career, says Detlef Hallermann, program leader for the Reliant Energy Securities and Commodities Trading Center at Mays. “Competitions like this provide these students with the ability to understand trading and what it takes to become a trader,” Hallermann said. “In a one-hour simulation they get to get a feel for what it’s like to lose $1 million. They know then if they can handle the stress and joy of being a trader.”

Categories: Students

Caryl and Al Reese, Jr. of Houston believe in supporting education as much as they believe in the connections Texas A&M fosters. Those beliefs are what prompted the couple to commit $100,000 to provide scholarships for Mays business students.

The Reeses’ gift establishes the Caryl and Albert L. Reese, Jr. ’71 Scholarship, which will support funding for four concurrent student scholarships a year.

The couple operates a charitable organization called ACR Foundation, which focuses on giving for health, education, art, religion and teaching—or “HEART.” Mays’ educational programs are a natural outlet for their support.

“We wanted to have our name associated with students and what they are going to do for the world,” Al Reese said. “In funding four scholarships, each year we support one new future business person coming in and one graduating. What the students do with their education is up to them. Our goal is for them to know that we believe enough in them to make an investment in their future.”

Caryl and Al Reese have been married for 34 years, and have two children and three grandchildren. Caryl earned her degree in medical technology from TCU and was a researcher for the University of Alabama medical school while the couple lived in Birmingham.

Al earned his BBA in finance in 1971, his CPA in 1974, and an MBA from the University of Houston in 1977. He was partner of a Houston CPA firm until a former client brought him into the energy business. In addition to being in the energy business since the late 1970s, he ran his own Birmingham-based consulting firm, Corporate Financial Management, throughout the 90s. It was during this period he became director of finance and eventually chief financial officer for ATP Oil & Gas, where he is today.

Categories: Donors Corner, Former Students