Stuart in the News

IIT Stuart's MBA was ranked among the world's top 100 programs by the Aspen Institute. Click here to read the press release.

An Industrial Ecology course taught by Weslynne Ashton, IIT Stuart Assistant Professor of Environmental Management and Sustainability, was recently highlighted in The Aspen Institute's Center for Business Education newsletter. Each month, the Institute spotlights "trailblazing offerings at business schools around the world." Click here to read more about Professor Ashton's innovative course.

For the third consecutive year, IIT Stuart School of Business was named an Exemplary Chapter of the Beta Gamma Sigma for its superior level of membership acceptance in the 2010-2011 academic year.

Congratulations to the winners of the 2011 Florence Dunbar Essay Contest: Andrea Clatterbuck, First Place; Yingping Huang, Second Place; Siiyawn Cartman, Third Place!

Congratulations to Andrea Clatterbuck, the recipient of the 2011 Rothblatt Scholarship, awarded by the Lake Michigan States Chapter of the Air & Waste Management Association!

Congratulations to IIT Stuart student Odontuul Lkhagvasuren on being awarded a prestigious Beta Gamma Sigma Scholarship!

IIT Stuart Lecturer Ben Van Vliet discussed automated trading in "Algorithm vs Autopilot" in the Winter 2011 edition of IIT Magazine.

In the article, he discusses the May 6 Flash Crash and the future of automated trading.  Find out more...

IIT alumnus and Stuart Board of Overseers member Lerry Knox has been awarded the prestigious Marshall Memorial Fellowship (MMF) for 2011 through the German Marshall Fund of the United States. The MMF program was founded to develop and increase understanding of different cultures, different thought processes and different experiences for the purpose of promoting better understanding and cooperation between North America and Europe on transatlantic and global issues.

IIT Stuart Professor of Finance and MS Finance Director John Bilson shared criticism of Moody's Investors Services' proposed rating methodology for money-market funds in a comment letter written reported on by CFO.com on December 7. Full Article

IIT Stuart School of Business was recognized as an "Exemplary Chapter" by Beta Gamma Sigma, the international honor society serving business programs accredited by AACSB international - The Association to Advance Collegiate Schools of Business. AACSB accreditation represents the highest standard of achievement for business schools worldwide.

IIT Stuart alumnus Rao Anumolu was awarded the prestigious Ellis Island Medal of Honour. This award is the highest civilian award in the U.S. that recognizes immigrants for their contributions to the country. Full Article

A November 3 Nasdaq article discussing CME Group's decision to move key executives overseas to broaden research capabilities and expand its customer base globally, includes information from IIT Stuart Industry Professor and Director of the Center for Financial Markets Michael Gorham, who explains that CME is a global company and must maintain that image. Full Article

IIT Stuart Industry Professor and Director of the Center for Financial Markets Michael Gorham discusses the creation of new rules that will lessen the risk of another "Flash Crash," for a November 1 Reuters story.

An October 9, 2010 Businessworld article reviewed "India's Financial Markets: An Insider's Guide to How the Markets Work," a newly released book co-edited by IIT Stuart Industry Professor and Director of the Center for Financial Markets Michael Gorham.

IIT Stuart Professor Ben Van Vliet gave the keynote address at the Inside Market Data Chicago 2010 Conference on September 14, 2010. He discussed the role of data in the design, testing, implementation and monitoring of high frequency trading and other financial systems.

IIT Stuart Professor Ben Van Vliet discussed automated trading in a September 2010 Forbes magazine article entitled "Wall Street's Speed War."
Full Article

IIT Stuart Assistant Professor of Environmental Management and Sustainability Weslynne Ashton was recently interviewed on First Business News in a segment that aired September 3. Ashton offered expert opinion, discussing safety problems with off-shore operations in light of a fire that broke out on a Marine Energy oil platform earlier this month.

IIT Stuart Professor Ben Van Vliet discusses automated trading and the regulations he believes will be developed to help prevent large quote spikes and "flash crashes" from occurring in the future, for a September 2 Forbes blog post.

IIT Stuart Industry Professor and Director of the Center for Financial Markets Michael Gorham discussed the possibility of trading movie futures for a First Business news story on March 30.

IIT Stuart Industry Professor and Director of the Center on Financial Markets Michael Gorham discusses Commodity Futures Trading Commissions (CFTC) recent announcement that it will host a public meeting in late March to discuss speculation limits in U.S. metal futures for a Financial Times article on February 25.

Bob Geras, a member of IIT Knapp Center's Board of Advisors and the president of LaSalle Investments, is included in a February 17 Chicago Tribune story discussing the Hyde Park Angels. Geras is known as the "godfather" of angel investing in Chicago.
Full Article

IIT Stuart's dual Master of Design / Master of Business Administration (MDes/MBA) degree, offered in conjunction with IIT's Institute of Design, has been ranked by BusinessWeek Magazine as one of the world's top thirty best design school programs.

IIT Stuart Professor of Operations and Technology Management Joel Goldhar discussed the ways digital readers are changing the world of publishing and book stores for a December 8 First Business news story.

IIT Stuart Professor of Finance Michael Ong participated as a Front Row VIP Cross Examiner in a CNBC "Future of Finance" series debated called "New Rules, Same Game?"

IIT Stuart Professor and Director of the Center for Financial Markets Michael Gorham spoke to the Wall Street Journal for an August 26 article discussing the expanding oversight role of the Commodity Futures Trading Commission, for which Gorham was once head of market oversight.

IIT Stuart School of Business Maintains AACSB International Business Accreditation

IIT Stuart School of Business' accreditation by the Association to Advance Collegiate Schools of Business (AACSB International) has been renewed, the association recently announced, reflecting the school's continued commitment to excellence in business education. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's and doctoral degrees in business and accounting.

IIT Stuart Professor and Director of the Center for Financial Markets Michael Gorham discussed the theft of the algorithm system at Goldman Sachs in a July 7 Reuters story.

IIT Stuart Professor and Director of the Center for Financial Markets Michael Gorham discussed former Chicago Mercantile Exchange CEO James McNulty's new role as chairman of NYSE Liffe LLC, and the competition it creates with CME, in the June 29 Crain's Chicago Business.

IIT Stuart Professor and Director of the Center for Financial Markets Michael Gorham discussed President Obama's proposal to restructure financial regulation for First Business news on June 17.

IIT Stuart Professor Joel Goldhar discussed whether or not there should be limits on CEO pay due to the current state of the economy for First Business news on June 10.

IIT Stuart Center for Strategic Competitiveness Launches Toyota Academy for Future Leaders in Science and Technology

IIT Stuart School of Business Center for Strategic Competitiveness, in cooperation with the Toyota U.S.A. Foundation, announced the establishment of the Academy for Future Leaders in Science and Technology on Tuesday, May 12.

IIT Stuart Lecturer Ben Van Vliet discussed how the availability of co-location services has meant that geographic location is no longer a disadvantage to west coast traders, for Automated Trader on April 30.

On Wednesday, April 1st, IIT Stuart Professor and Director of the Center for Financial Markets Michael Gorham appeared on WTTW's Chicago Tonight in a segment on market reform and new regulatory guidelines.

IIT Stuart Professor and Director of the Center for Financial Markets Michael Gorham discussed why the government and some stock exchanges are considering the reinstatement of the uptick rule, on First Business News on March 27.

Congratulations to the winners of the 2009 Dr. Florence Dunbar Essay Contest! 1st place - Linda Kurtos, Environmental Management & Sustainability graduate student; 2nd place - Julia Rybakova, Business undergraduate student; and 3rd place - Evette Tan, Marketing and Communication graduate student.

A paper titled "Studying the Consumer Food Acculturation Process: a PLS Approach", co-written by IIT Stuart Associate Dean and Professor Siva K. Balasubramanian and Raghu Kurthakoti, Robert Boostrom Jr, Lynette Knowles, and John Summey of Southern Illinois University at Carbondale, has been selected as Outstanding Paper, Research Track by the Marketing Management Association (MMA). The award will be presented at the MMA Spring Conference to be held in Chicago in March 2009.

Siva K. Balasubramanian, IIT Stuart Associate Dean and Harold L. Stuart Professor of Marketing, is ranked 39th overall among scholars worldwide in the advertising research domain, in a fall 2008 article published in the Journal of Advertising.

IIT Stuart's Beta Gamma Sigma chapter has been named an exemplary chapter for the 2007-08 year. Beta Gamma Sigma is the honor society serving business programs accredited by AACSB International - The Association to Advance Collegiate Schools of Business.

IIT Stuart School of Business was included in the 2008 Business as Unusual: Net Impact Student Guide to Graduate Business Programs. In the international survey, student Net Impact members ranked IIT Stuart 7th for "Faculty Support of Net Impact Themes in the Curriculum", and praised IIT Stuart's MBA program for its strengths in environmental sustainability, social entrepreneurship, and corporate social responsibility.

A 2004 letter to silver investors by Michael Gorham, current director of IIT Stuart Center for Financial Markets and former director of market oversight for the Commodity Futures Trading Commission (CFTC), published by the commission, is mentioned in an article discussing the current investigation into possible manipulation in the volatile marker, in the September 25 Wall Street Journal.

The largest career fair in IIT history was featured on the September 18 five and ten o'clock news on NBC 5.

Michael Gorham, director of IIT Stuart Center for Financial Markets, discussed the current financial market uncertainty and how it affects Chicago traders on September 18 Chicago Public Radio's "City Room."

On September 26th, Chicago convened an Innovation Conversation hosted by the Chicagoland Chamber of Commerce, InnovateNow and WIRED Magazine. In a partnership with AllWorld Network and the Chamber, Illinois Institute of Technology (IIT) Stuart School of Business gave participants the opportunity to experience the future of business networking.

Stuart's Center for Strategic Competitiveness has joined the Chicagoland Chamber of Commerce and AllWorld Network in a strategic partnership to utilize patent-pending technology to match and prepare the Chamber's small and medium sized companies to take advantage of global growth opportunities.

Michael Gorham, director of IIT Stuart Center for Financial Markets, discussed the CME Group's acquisition of NYMEX on American Public Media's August 22 "Marketplace Morning Report."

On July 31, Stuart professor and director of the Environmental Management and Sustainability Program, George P. Nassos, was interviewed for a story in the Pioneer Press. The article, 'Sustainability Creds Hot in Cool Job Market', discusses the growing demand for green jobs and Stuart's innovative environmental management and sustainability curriculum.

IIT Stuart professor George P. Nassos was interviewed for the June 30 Crain's Chicago Business article, 'A Green New World', discussing the growing demand for green jobs.

On June 23, the Under Secretary of the Treasury, Robert Steel, met with the leaders of Chicago's financial institutions at IIT Stuart and Chicago Kent's Downtown Campus to obtain their feedback on the Treasury's 'Blueprint for a Modernized Financial Regulatory Structure.' The meeting attracted almost 40 chairmen, CEOs, general counsels and other senior executives and resulted in a vigorous discussion and productive exchange of views.  It was hosted by the IIT Stuart Center for Financial Markets Director Michael Gorham.

Michael Gorham, director of IIT Stuart Center for Financial Markets, shared his experience with Thomas Kloet, the recently announced CEO of TSX Group, Inc., for an article in the June 11 Globe and Mail.

Michael Gorham, director of the Center for Financial Markets at IIT Stuart, commented on the recent decline of trading volumes at Chicago exchanges in the September 9 Chicago Sun-Times.

Michael Gorham, director of IIT Stuart Center for Financial Markets, was interviewed for a First Business TV piece that aired June 3 discussing oil price volatility and potential price manipulation.

IIT Stuart School of Business Dean Harvey Kahalas penned the column, "Kids need Science and Technology," discussing IIT Stuart's Center for Strategic Competitiveness and the development of the Academy for Future Leaders in Science & Technology for high school students, in the May 2008 BusinessWeek Chicago.

Stuart professor George Nassos and the Center for Sustainable Enterprise have launched the Sustainable Enterprise Blog to explore topics such as the impact of corporations on the environment, the impact of environment on corporations, energy resources, water as a resource, global warming, green business and ecological legislation.

Director of IIT Stuart Center for Financial Markets Michael Gorham was an expert source for the story "Libor Proxies Gain as Traders Seek Truth with Swaps," May 29 on Bloomberg.com.

IIT Stuart professor John Bilson was interviewed on ABC7 News on March 18 regarding the volatility of the economy.

Former CFTC director and current director of IIT Stuart Center for Financial Markets, Michael Gorham, was interviewed for a story about the recent pact between the SEC and CFTC in the March 12 Wall Street Journal.

IIT Stuart professor and director of the Center for Financial Markets Michael Gorham discussed trading fraud at French bank Societe Generale for the January 29 nationally-syndicated First Business News.

Stuart professor and director of the Center for Financial Markets Mike Gorham was interviewed about the state of the derivatives markets in India, in the January 17 Nikkei Financial Daily. (Japanese)

10/22/2007

The Princeton Review has released its Best 290 Business Schools guidebook, with the Stuart School of Business among the top ranked schools in the US. The Princeton Review describes the rankings as based on "what students report to us about their schools to help applicants decide which of these academically outstanding schools is best for them."

School of Business MBA Program Recognized by Aspen Institute for Excellence on Social and Environmental Issues

10/18/07

The Stuart School of Business has demonstrated significant leadership in integrating social and environmental issues into its MBA program, according to the Aspen Institute's 2007-2008 edition of Beyond Grey Pinstripes, a biennial survey and alternative ranking of business schools. Stuart is ranked 48th on the list of the Global Top 100 Schools.

"We"re delighted to be recognized by the Aspen Institute for our efforts in bringing these important issues to our students," said Harvey Kahalas, Dean of the Stuart School of Business. "Interest and enrollment in these aspects of our MBA program have increased dramatically."

In general, social and environmental issues have continued to grow in importance in the business school curriculum. However, the survey also revealed that the proportion of schools offering core courses to address these topics in terms of mainstream business remains low. Stuart is an exception as it has a specialty masters program in environmental management and sustainability from which it can draw courses for the MBA students.

"This year's survey tells us that society and the environment are becoming significant issues on campus, not just for students, but in the Dean's office and in many classrooms," said Rich Leimsider, Director of the Aspen Institute Center for Business Education.

In addition to being recognized by the rankings, Stuart School of Business will be featured prominently on the Beyond Grey Pinstripes website, and in the Aspen Institute's "Alternative Guide to MBA Programs."

"In the Beyond Grey Pinstripes survey, success is measured not by how much new MBA graduates earn or how many offers they get," said Judith Samuelson, Executive Director of the Aspen Institute Business and Society Program, "but by how well prepared they are to guide a company through the complex relationship of business and society, where issues relating to the environment or the well-being of a community can impact a company's performance and reputation."

Stuart professor John Bilson is quoted in "Citigroup Pays to Keep Dividend After Mortgage Losses," a November 27 Bloomberg.com story.

The recent Early Stage Marketplace at IIT, cosponsored by the Knapp Entrepreneurship Center, was again mentioned in the "Minding Your Business" column in the Chicago Tribune, November 26.