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“I Don’t Understand How This Could Be” UConn Students Try to Solve Life-Threatening Medicine Mix-Ups

2014-12-17_graf-fayal
Pictured (L to R): Charles Fayal and Steve Graf show the Parrot Device, which they hope will prevent medication dosing errors.

When Steve Graf, and dozens of fellow volunteers, traveled to Ghana to help the sick, they brought 35 suitcases of medications and provision—and an endless supply of good intentions.

After a week of triaging patients, and distributing medications, Graf and his colleagues made a startling discovery. Many of the patients weren’t recovering, and some were consuming medications too quickly.

Some adults were doubling up on blood-pressure medications. Children were guzzling liquid acetaminophen from the bottle. And, compounding the problem, many of the patients were illiterate. Sometimes parents would leave the clinic with as many as 20 different prescriptions for their four children, leading to endless confusion.

Everyone on the medical mission was frustrated with the situation, but Graf just couldn’t let it go.

“I thought, ‘This is a terrible thing. I don’t understand how this could be,'” he said. Graf, now a UConn senior majoring in healthcare management, thought about the problem often after he returned from the trip in May of 2013.

How do you give clear and memorable instructions to someone who can’t read? The clinic had tried using illustrations, showing a sun or a moon, but that didn’t seem to work.

“We approach problems given our education and training,” Graf said. “Because we learned to read at age 6, we absorb information visually. Illiterate folks do not. Their traditional learning is verbal.”

Graf thought if the prescribing physician could give medical instructions using an inexpensive recording device, like the one found in a musical greeting card, patients would be able to more easily follow dosing instructions.

He mentioned that concept one day in front of friend Charles Fayal, now a UConn senior majoring in molecular cellular biology and biomedical engineering.

“The moment I heard the idea, I got pretty excited because I instantly knew how beneficial the prescription device could be—and how simple the idea is,” said Fayal, a Stonington native. “It’s funny how somebody else’s excitement spreads, because when I got excited about his idea, Steve got more excited. After that moment we knew we had to pursue this journey.”

After a great deal of research, experimentation and cost analysis, Graf and Fayal have found an inexpensive recording module, manufactured by a Chinese company, that they will be using as their first prototype. The “Parrot Device,” as they’ve nicknamed it, will allow a medical expert to record up to 60 seconds of medical instructions. The casing could be color-coded to match the medications, and both would be placed together in a travel bag.

Neither Graf not Fayal is looking for profit—or even much recognition. A successful solution, they both said, would be rewarding enough.

“We’re hoping this will save lives. That means everything to Charles and me,” said Graf, of Westport, who is the president of the UConn chapter of Global Brigades, a student-led organization that provides medical, public health, clean water and environmental relief trips to countries such as Ghana, Panama, Nicaragua and Honduras.

Graf and Fayal presented their idea at the Biomedical Engineering Society (BMES) annual meeting in San Antonio recently. It was well-received there, as it has been by physicians who are familiar with the challenges of working in third-world nations.

The biggest challenge for the two entrepreneurs has been keeping the price reasonable. Right now it is about $2 per device, and with a large order can probably be dropped to $1. Graf said he would like to try to get the price even lower. The cost of AIDS or blood-pressure medications can be several dollars per day, Graf said. The cost to resolve damage done by consuming prescriptions too quickly—or slowly—can be several times that, he said. The cost-versus-benefit of the Parrot Device is the focus that Graf and Fayal need to persuade organizations interested in their project.

Graf got his start-up funds for the project by winning a Connecticut Center for Entrepreneurship and Innovation pitch competition last year, which gave him $1,000 in seed money for the sound modules and plastic mold for the casing. He and Fayal are now seeking funding for a January trip to Haiti to test the device with patients.

“Haiti is somewhat of a make-or-break trip for us,” said Graf. “We hope to test our prototypes. Our main questions are, ‘Will the patients use the device as intended? Will the community adopt it? Will the patients benefit from it?'”

Beyond the initial concept, Graf and Fayal envision additional uses, such as education in infectious disease areas, such as Ebola-plagued villages. Prevention might become an even greater tool than treatment, they said.

Next semester Graf will take an entrepreneurship class and plans to write a business plan focused on the device. Graf and Fayal are hoping a large charitable organization will adopt the cause and fund the project.

“It has been a journey bringing this device to fruition,” Fayal said. “Some days we’ll realize that we have a mound of work in front of us, or a major obstacle to tackle regarding manufacturing or approval.

“On these days we get bummed out, but we know we have to power through because when we get to talk to somebody who has been to a place where this device is useful, it makes it all worthwhile. These people, whether they grew up in an impoverished area or worked in one, will get excited about the idea,” he said. “Just like when Steven first told me about the idea, we get excited about it all over again.”


‘Career Connections’ Introduces 200 Grad Students to Future Employers

2014-12-03_CareerConnectionsAlexion Pharmaceuticals, Blum Shapiro, Travelers and Priceline.com were just some of the companies seeking employees and interns at the inaugural Career Connections event for graduate business students at UConn.

More than 200 candidates earning advanced degrees in business—including MBA, Master of Science in Business Analytics and Project Management, Master of Science in Financial Risk Management and Master of Science in Human Resource Management—attended the November 12 event, which was at the UConn School of Business Graduate Business Learning Center (GBLC) in downtown Hartford.

Also among the 16 companies in attendance were: Aetna, Boehringer Ingelheim, Fiduciary Investment Advisors, Fitch Ratings, GE, The Hartford, Henkel, Infosys, iTech Solutions, Northwestern Mutual, Stanadyne Corp. and VoiceGlance.

All companies were represented at the career-fair style gathering on the Observation Deck, where students were able to talk individually with each company representative. Almost half of the companies also chose to offer a presentation in one of the adjoining classrooms, where interested students were able to learn more about each organization and possible career paths. In addition, companies were able to interview immediately in private conference rooms.

“This highly attended, successful event demonstrated the positive impact of having all graduate business programs together in Hartford,” said Meg Warren, assistant director of the Graduate Career Development Office. UConn’s Full-time MBA program recently moved from Storrs to Hartford. “Recruiters and hiring managers alike were pleased to see the range of graduate business talent all under one roof, in one venue.”

View photos from the event.


White House Internship Incredible, Inspirational Says UConn Senior

How many student interns can say they attended a speech by President Obama, met several Cabinet Secretaries, and watched the Marine One helicopter land on the South Lawn of the White House?

David Rifkin, a UConn senior majoring in Business Management, has done all three, while spending this semester as a White House Intern, conducting research and writing reports for government officials.

Simultaneously, Rifkin is researching leadership styles of early presidents, as well as more recent administrations, as part of an independent research project. He plans to present his findings when he returns to campus in the spring semester.

“It is incredible to walk through the White House gates every morning on the way to work,” said the Glastonbury native. “It is truly inspirational to consider that I am working at the very same place as some of the greatest leaders in American history.

“The thrill has not remotely begun to wear off,” said Rifkin, who is also a member of the UConn Honors program. “I still feel the same magic that I did on the very first day.”

Rifkin is no stranger to public service. Last year, he interned for U.S. Senator Richard Blumenthal, and also at the international human rights organization Lawyers Without Borders. He has also been active in student government at UConn.

“I thought that an internship at the White House would take my government and public service interests to the highest level,” he said. “My experience as a White House Intern is incredible. To say I’m enjoying myself would be an understatement. The work is quite demanding, but no work I have ever done has been so rewarding.

“On a more personal level, I hope my White House Internship will give me insight into what career path I want to pursue professionally,” he said. “I also hope to further develop my leadership and professional skills, to prepare myself for future personal and career endeavors.”

Rifkin’s research project is under the supervision of Management Professor Zeki Simsek, who describes Rifkin as focused, engaged, mature, observant, reflective and professional.

“I suspect that he will uncover some intriguing contrasts, as well as commonalities among the U.S. presidents in terms of leadership variables, such as openness to new information, belief systems, interpersonal styles, motivation and more,” Simsek said. He has asked Rifkin to explore whether presidents tend to display a dominant leadership style or a multifaceted one, and whether their styles shape their job performance.

Although Rifkin isn’t yet ready to reveal what he’s learned, he looks forward to presenting his findings upon his return.

“I intend for my research to be of value to all those interested in what constitutes effective leadership,” he said. “I aim to become better informed, through my exploration, of what factors contribute to successful management style at the highest level, in a way that can be generalized to leadership positions in all areas from business to government.”

Rifkin said his UConn experiences, both academically and in student government, helped prepare him for his internship.

Asked whether it will be hard to go back to being a student again, Rifkin said no.

“Although a White House Internship is a once-in-a-lifetime experience, I certainly miss college at the same time,” he said. “I think the skills gained from this internship will actually enhance my future academic experience. I don’t want this internship to end, but I look forward to being back with my college friends, attending classes, and, of course, watching UConn Basketball.”

 


Upperclassman Yue Zhu Wins $5,000 Scholarship

Yue Zhu, an upperclassman in the School of Business, has won a $5,000 scholarship from the International Information Systems Security Certification Consortium (ISC)2, an organization that promotes international cyber security.

Zhu, who has a cumulative GPA of 3.95, said he hopes to pursue information security as a career after graduation.

“Yue is an exceptional student,” said Professor Dmitry Zhdanov, who is his academic adviser. Last year Zhu was recognized with UConn’s Outstanding MIS Junior Scholarship. He also participated in the CoMIS National Case Competition last April, in which Team UConn won the second place out of 12 colleges from around nation.

The ISC2 Foundation is an international charitable trust that aims to empower students, teachers and the general public to secure their “online life” with cybersecurity education and awareness programs and to fill society’s need for trained cybersecurity professionals.

“This is a highly prestigious scholarship in the information security field, coming from the organization which is a gold standard in information security excellence,” Zhdanov said, noting that Ryan Fried won it as a UConn student in 2012. “It is safe to say that our program is producing top-notch talent.”

Zhu grew up in China, which is still his home, but has been attending U.S. schools since the 11th grade. Although a junior, he has already accumulated enough credits to graduate.


Alternative Sabbaticals In Industry Develop Skills, Says Associate Dean Suresh Nair

Suresh NairHow do credit card companies decide when to boost your credit line or send you a new-card solicitation in the mail?

And how do banks save millions by carefully managing their cash reserves?

Professor Suresh Nair has worked on these, and other pivotal business-research issues, as a means to enhance his knowledge as an educator and as the associate dean for graduate programs at the UConn School of Business.

A project-based, research-focused sabbatical at a large company can be a wonderful alternative to a more traditional academic sabbatical experience, Professor Nair said.

Not only did his sabbaticals in industry save tens of millions of dollars for companies, he has also received research awards, started a company with seed funding from the National Science Foundation, and transformed and strengthened his teaching.

“This is a largely unexplored opportunity for our faculty,” Professor Nair said following his well-received presentation to more than 50 colleagues this fall. “I’ve participated in sabbaticals at General Electric, Merrill Lynch and Booz & Co., and have had excellent experiences.

“I wanted to use my sabbaticals to pick up new skills. Going back to industry helped me stay on top of current issues in financial services, healthcare and entrepreneurship, and also gave me the opportunity to help these companies achieve their goals,” he said. “I left each of my three sabbaticals with new topics to research, and many ‘war stories’ to share in the classroom.”

To a consumer, credit-card solicitations by mail (sometimes derisively called junk mail) may seem like a random process, Professor Nair said. In fact, it is very complex. Who gets offered a credit card, and at what rate, involves complicated analytics, Professor Nair said.

“A company may start out with 10 million contacts and narrow them down to a million or fewer,” Professor Nair said. “The marketing experts want more customers and the risk experts want fewer. If you go to a store and you’re close to your credit limit, and you want to buy furniture, how does the bank determine if it should increase your credit line? If they don’t, you’ll use another card. If they hike it up too much, they risk higher losses if you become delinquent.”

Professor Nair helped create an algorithm—using credit scores and other factors—to determine who would qualify for a credit increase. His work was so sophisticated and unique that it won the coveted Wagner Prize.

During another sabbatical, Professor Nair worked at Merrill Lynch, delving into research of banking reserves.

“The Federal Reserve requires banks to set aside about 10 percent of your checking account balances as reserves. The bank cannot invest these funds and gets very little interest on it from the Fed,” Professor Nair said. “This rule comes from the Depression era, to prevent a run on banks. However, it means that banks have millions of dollars that they can’t invest.”

Professor Nair helped Merrill Lynch optimize its “sweeps” program to save $4 million a year.

The program was so successful that Professor Nair wanted to develop a similar product for smaller banks. He began a successful start-up in South Windsor using a Small Business Innovation Research (SBIR) grant from the National Science Foundation.

“It gave me a good experience, the satisfaction of making payroll and creating and commercializing a new product,” he said. “It never would have happened without my sabbatical. It gave me a unique perspective as the founder of a company.”

Professor Nair said he began searching for sabbatical opportunities about a year prior to his leave, and that he was selective in the ones he considered. He found that industry was very welcoming, and wondered why more faculty don’t take advantage of similar opportunities. Industry is happy to host sabbaticals, since they are inexpensive to the firm, as long as an educator can demonstrate a skill that will complement and add value to the company.

Professor Nair worked on his sabbaticals without pay from the firm, since UConn continued to pay salary, asking that the corporations only cover his lodging and travel expenses. At the completion of his sabbatical, some of the companies asked that he continue his work as a paid consultant.

“It is difficult work,” he said. “I asked to be treated like an employee, with the badge, the email, the off-site meetings and everything. Sometimes I worked very long hours and I was away from home at least four days a week. It may not be for everyone. But the opportunities you get, and the real-life exposure to business problems and issues, really can’t be experienced any other way.”

After his presentation, many UConn colleagues said his work was eye-opening and that they would consider a similar, alternative sabbatical.

Professor Nair acknowledged that there is some trepidation on the part of faculty, who are under pressure to publish and might find an industry sabbatical a distraction. But Professor Nair has demonstrated that excellent published papers in top journals can result, and allayed some of those fears through his presentation.

“I felt I could navigate a path which would provide both research expertise, topics for publication, and also improve my teaching,” he said. “To me, it hit all the sweet spots I wanted.”


School of Business Awarded $1.1M CIBER Grant To Focus on Manufacturing & Global Opportunities

The University of Connecticut School of Business has been awarded a four-year U.S. Department of Education CIBER grant in excess of $1.1 million, to produce a series of programs and partnerships that center around manufacturing.

CIBER

The CIBER—Center for International Business Education and Research—award comes following an extremely competitive application process in which only half of applicants had their awards renewed.Continue Reading


UConn Makes A-List: Best Business Schools of 2015

CollegeAtlas.orgFuture MBA students seeking high-quality programs without the price barrier of an Ivy League institution should consider UConn among their top choices, according to the latest College Atlas rankings.

The university’s MBA program placed among the top 100 MBA Programs in the country, putting UConn on the A-List for College Atlas’ Best Business Schools 2015.

“This list is for bright and ambitious students that are looking to find a school that has a reputation for high-quality education, marketable degrees, tuition they can quickly pay off, and reasonable acceptance qualifications that make getting into graduate school a possibility,” according to College Atlas.Continue Reading


From Contest to Success: Following iQ Startups

Something that gives me* an immense amount of enjoyment is the advising that I do with student start-ups from the UConn Innovation Quest program. This program is a contest with real cash awards as well as a six week incubator program that puts the student teams directly in touch with start-up experts as well as investors. Just having a cool or innovative idea isn’t enough to compete. The purpose of the iQ program is to create real businesses that have the potential to generate revenue, jobs and growth.

The UConn program is run by Richard Dino, a professor from the School of Business with an endless amount of enthusiasm and encouragement. Keith Fox ’80, an alumnus of UConn, provides iQ support from the national program level. In addition to Rich and Keith, there are twenty or more individuals both inside and outside the University who provide mentoring and other program support.

There are many success stories that have emerged out of the program, but here is a handful of the companies with whom I have regularly stayed in touch. Congratulations to all of these business founders who are now working on their companies full-time!

Macroscopic Solutions

“Whoa, that is cool…” is what I typically hear when I show people images produced from the Macropod. No one can deny that the high resolution photos rank high on coolness.

Macroscopic Solutions, founded by Connecticut-based Mark Smith ’13 MS (CLAS), provides high-resolution imaging products for scientific researchers. Although their primary focus is to enhance scientific discovery, their product is also very popular among manufacturers, fabricators, machinists and mechanical engineers for quality, control and failure testing. Along with Mark, the team includes Daniel SaftnerAnnette Evans and Jake Bellaire.

The Macropod is an automated photomacrography system that can rapidly capture and assemble multiple images. The images are post-processed so that only the areas in focus will appear in the final image. The result is an ultra-high-resolution, color image that is completely in focus and rivals that of a Scanning Electron Microscope (SEM).

The technology used in the Macropod was invented while Mark Smith was still in high school. Through his program of donating one Macropod to a school for every 10 that they sell, Mark is giving back by encouraging kids to pursue careers in STEM-related fields.

The Macropod is currently available and Mark is busy selling his product by attending trade shows and providing demos to organizations in a number of scientific and research-oriented industries.

I suppose it is no surprise that I share a bond with other fellow entrepreneurs like Mark that emerged from the UConn Department of Geology and Geophysics (now known as the Center of Integrative Geosciences).

Macroscopic Solutions can be found at www.macroscopicsolutions.com and an amazing treasure trove of images can be found here.

Dashride

After a successful launch to six universities to help college students find a safe ride home after a night of partying, Dashride made a brilliant pivot of their business concept: their technology is now a software platform that allows independent taxi and limo companies to compete with the big on-demand taxi and ride-share services.

Founded by Nadav Ulman ’12 (CLAS) and Tom Bachant ’13 (ENG), Dashride is following a start-up pattern that involves building a solid product while courting the angel and VC investor community. They have successfully completed a round of angel funding (I am among those initial investors) and are close to closing a seed round that will net them close to $1MM in working capital.

Dashride’s platform allows independent taxi and limo companies to take advantage of the ever-expanding rideshare industry. They accomplish this by providing a SaaS-based platform with minimal up-front investment. They currently have 5 employees and are based in New York City.

Dashride was recently featured in the New York Times business section in an article highlighting tech companies who are enabling small businesses to compete in larger markets. You can read that New York Times article here.

Smpl Bio

Another company that successfully emerged from the first iQ program at UConn was Smpl Bio, founded by James Lindsay ’07 (ENG), ’09 MS and Ed Hemphill. Their company simplifies the process of biomarker selection for scientific researchers through the design and use of their proprietary algorithms.

Biomarkers are used in the bio-medical world to infer the existence of a particular disease, infection or condition. The Smpl Bio team is developing a software platform to allow researchers world-wide to more quickly identify biomarkers for the diseases or conditions that are being studied. The ability to quickly identify the existence of a condition or disease has obvious benefits in terms of speed to treatment.

The team has successfully raised funds through the Connecticut Innovations Challenge Grant program as well as the University of Connecticut Third Bridge Grant. With those funds they have expanded the full-time team to include three new programmers who are doing web development and scientific programming.

James tells me that they are planning on bringing on a full-time technical sales person and veteran bio-science CEO by year end. They also have an impressive and experienced team of scientists and business advisors backing them up.

They are currently finishing up their scalable, cloud-based solution. They are targeting a Q1 2015 date for the general availability of their platform both in the US and internationally.

More Businesses On Their Way!

The 2014 iQ program recently wrapped up and I’m optimistic about the potential success of that next round of new, emerging businesses. I’m also looking forward to the next round of entrepreneurs and their ideas this coming fall!

*This article was written by Rick Kollmeyer ’82 (CLAS), alumni mentor for the UConn Innovation Quest program, and first appeared on the Blue Edge Labs blog on August 12.


Alumni News & Notes (Summer 2014)

This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Spring 2014)

1960s

Scott S. Cowen ’68, ’10H has been elected to the board of directors at Barnes & Noble. Cowen was also presented with the 2014 Maimonides Award by Hillel International for his dedication to higher education in promoting a deep commitment to Jewish and secular learning. Cowen is a member of the School of Business Hall of Fame. Ronald A. Pace ’69, ’72 MBA was elected to the Ariens Company Board of Directors.Pace is currently group president of interiors for the Kohler Company. He also serves on the boards of Road America as well as The Milwaukee Masterpiece. He is a guest lecturer and adjunct professor at Marquette’s Graduate School of Business. Mark R. Shenkman ’67 (CLAS) received the prestigious 2014 Renaissance Award by Hillel International for his advocacy of higher education and Israel. Shenkman is a member of the School of Business Hall of Fame.

1970s

David E. Sturgess ’78 has been appointed senior vice president, secretary and general counsel of Affinia Group Inc. Prior to his appointment at Affinia, he led all legal activities at ReCommunity Recycling.

1980s

Douglas G. Elliot ’82 has been named president of The Hartford. Elliot joined The Hartford in 2011 as president of Commercial Markets and was previously the president of Hartford Steam Boiler.Elliot is also a member of the School of Business Hall of Fame. Stephen M. Holcomb ’86 MBA has been appointed to chief executive officer at SmartPay Solutions. Holcomb is an experienced leader having worked with several companies in the insurance services and technology markets. Brian J. Kelley ’86 MBA has been named interim chief executive officer at Alteva, Inc., a premier provider of hosted Unified Communications as a Service (UCaaS). Kelley joined Alteva’s Board in November of 2013 and is currently the chief executive officer of Four Winds Advisors LLC. John C. Lent ’87 MBA has been appointed executive vice president and chief financial officer of Atlantic Coast Financial Corporation and its subsidiary Atlantic Coast Bank. Prior to his appointment, Lent served as the president of Temenos Advisory. Steven H. Mikel ’86 MBA has joined Caprock Oil Inc. as president and chief executive officer. Mikel has more than 30 years of experience in the industry’s financial and operating sectors. William H. Morgan ’81 has been promoted to co-head of healthcare financial services at Wells Fargo. Prior to his promotion, Morgan led the healthcare financial services in the Mid-Atlantic and Southeast regions. Thomas W. Prete ’84, ’01 MBA has been inducted into the Connecticut Academy of Science and Engineering. Prete is currently the vice president of engineering at Pratt & Whitney. Scott A. Trenholm ’82 has been named leader of the New England audit practice at Grant Thornton. Trenholm has more than 30 years of experience in auditing and financial consulting.

1990s

Brian M. DiBella ’92 has been named president of Legrand North America’s Electrical Wiring Systems division. Prior to his appointment, DiBella was the general manager of Wiremold and previously served as Legrand North America’s chief information officer. Daniel C. Dipillo ’99 has joined PricewaterhouseCoopers, LLP as an assurance partner. Dipillo will be focused on the industrial products and aerospace and defense sectors. John P. Gianukakis ’98 MBA has been appointed vice president and treasurer of Frontier Communications Corporation. Gianukakis has 25 years of experience in treasury, financial services capital markets, insurance, bank relationships, and investment and commercial banking and information technology.Most recently, Gianukakis was the senior vice president of finance and treasurer of Castleton Commodities International. Joshua D. Goldfarb ’96 has joined PricewaterhouseCoopers, LLP as an advisory partner. Goldfarb will specialize in finance, technology and operations, focusing on the financial service sector. Nicole M. Lindsay ’96 has published a new book, The MBA Slingshot for Women: Using Business School to Catapult Your Career. Her book is a gender-based road map for women to develop the knowledge, skills and relationships to succeed in business school and beyond. Robert T. Peterson ’95 MBA has been named chief executive officer at Millinocket Regional Hospital in Maine. Peterson is a seasoned healthcare executive with more than 25 years of experience. He previously served as patient care administrator for surgery and women and children’s services at Eastern Maine Medical Center in Bangor, Maine. Scott Wulinsky ’96 has been appointed to chief accounting officer of Affinia. Prior to his appointment at Affinia, Wulinsky served as the director of regulated accounting at Duke Energy Corporation.

2000s

Shelly Abdella ’05 MBA has been promoted to senior vice president of finance and profitability at Webster Bank. Abdella joined Webster Bank in 2001 and has held positions such as financial analyst and vice president of finance with the financial planning department. Robert Casey ’05 EMBA is currently the vice president and director of mutual fund compliance at Hartford Funds. Casey and his family moved from Storrs to Malvern, Pennsylvania in conjunction with the recent relocation of the Hartford Funds from Simsbury, Connecticut to Radnor, Pennsylvania. Wade A. Gibbs ’00 has been named the adult ambassador for the 2014 Greater Hartford Walk to Cure Arthritis by the Arthritis Foundation, New England Region. As an ambassador, Gibbs will help the Greater Hartford Walk to Cure Arthritis reach its fundraising goal of $104,580. Ryan J. Krueger ’06 has been appointed to managing director of equity research at Keefe, Bruyette & Woods. Prior to his appointment at Keefe, Bruyette & Woods, Krueger served at Dowling & Partners securities as partner and sector head. Jose C. Oliveira ’00, ’01 MSA has joined Moriarty & Primack, P.C. as a tax manager. Oliveira is also a member of the AICPA and the Connecticut Society of CPAs. Diana J. Piquette ’06, ’07 MSA has joined The Phoenix Companies, Inc. as second vice president, GAAP accounting and assistant controller. Piquette was most recently an audit manager at Deloitte & Touche, focused on life insurance accounts. Gregg B. Schuster ’05 MBA, former First Selectman of Colchester, Connecticut, was appointed township manager of Pocono Township, Pennsylvania.

2010s

John P. Bonora ’11 MSFRM has joined First County Bank as the senior vice president, chief credit and chief risk officer. Bonora has also recently been honored as one of the Fairfield County 2014 “40 Under 40” business executives for demonstrating extraordinary leadership qualities. Jeffrey R. Carlson ’14 Ph.D. (marketing) has successfully defended his dissertation titled “Exploring the Importance and Value of Studying Subjective Time in Marketing Management.” Carlson has accepted a position as assistant professor at the University of Richmond. Matthew D. Dean ’10 Ph.D. has been appointed to associate professor of business with tenure at the University of Southern Maine School of Business. Dean is also the director of the Maine Center for Business and Economic Research at the University of Southern Maine. Norman Massel ’14 Ph.D. (accounting) has successfully defended his dissertation titled “The Effect of Exemption from Mandatory Disclosure to the IRS on Firm Value and Behavior.” Massel has accepted a tenure track position as assistant professor at Louisiana State University. John Tartaglio ’14 MBA was featured on the cover of the 2014 spring issue of UConn Magazine: Portraits of Strength. His story appeared among those of eleven alumni who spoke out about their enduring spirit, sharing their darkest struggles as well as their greatest triumphs. Shuai Yang ’14 Ph.D. (marketing) successfully defended her dissertation titled, “Two Essays on Matching Strategy in Paid Search Advertising.” Yang has accepted a position at Donghua University in Shanghai, China.

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Giving Back with Pride

Gift from Nayden Family Supports Business School’s Pursuit of Excellence

Giving Back with Pride
Pictured above: The Naydens were honored for their $3 million gift during the women’s home game on Dec. 5. From left: Coach Geno Auriemma, Denis Nayden, Britta Nayden, Uconn Board of Trustees Chairman Lawrence McHugh, Director of Athletics Warde Manuel, President of the UConn Foundation Joshua Newton, School of Business Dean John Elliott, and former UConn Husky Meg Culmo (UConn Foundation Photo)

This article first appeared in the UConn Business magazine, Volume 4, Issue 3 (Spring 2014)

A fondness for their days at UConn, and their desire to help young people have similar experiences, prompted Denis ’76, ’77 and Britta ’76 Nayden to establish a $1 million scholarship program specifically for college athletes who share the family’s interest in business, physical therapy or kinesiology.

“We are proud UConn grads and this is our way to share and give back, which we both believe in,” Denis Nayden said. Their $1 million gift for scholarships was part of a $3 million pledge to the University that includes $1 million for the Basketball Champions Center and a $1 million challenge grant to match support for the center from former Husky basketball players.

“Philanthropic support like this is absolutely essential to the School of Business and to UConn,” said Dean John A. Elliott. “Support for scholarships plays an absolutely vital role in recruiting the best students to UConn. The availability and generosity of a scholarship is often a crucial factor in a student’s decision about college choice. Private giving for scholarship allows the School of Business to continue to attract the most qualified students and support them while they are here.”

UConn President Susan Herbst also welcomed the generous philanthropic support from the Naydens. “UConn’s new academic plan sets impressive goals for the next decade for research, scholarship and undergraduate and graduate education, all designed to raise UConn to the ranks of the world’s greatest universities,” she said. “Private support from our alumni and friends, such as this gift from the Naydens, is absolutely essential in our journey.”

The Naydens graduated from UConn in 1976, Denis with a BA from the College of Liberal Arts and Sciences and Britta with a BS from the School of Allied Health, now part of the Neag School of Education. Denis received his MBA from the School of Business in 1977, and went on to a successful career with GE and Oak Hill Capital Management, where he currently serves as managing partner. He has served on UConn’s Board of Trustees since 2001 and also has worked diligently on a variety of committees for the UConn Foundation.

“Our donation to the basketball center is an investment in a great program. Our challenge grant is meant to encourage participation by former players, who fully understand the spirit of competition, and our scholarship gift is designed to support student athletes, who share our interest in business, physical therapy or kinesiology. Its support for a great program and for giving young people a shot at a great education, wrapped up in a big UConn bow,” Denis Nayden added.

The incoming freshmen in the Class of 2017 were the most academically accomplished group to enter UConn in its history. With an average SAT score of 1233, they outpaced the preceding year’s incoming freshmen, whose average of 1226 had set the previous record. The increase in high performing students is a key factor in UConn’s rise from number 27 in the 2010 US. News & World Report to number 19 in 2013, said Elliott.

“We are so grateful and so proud that our alumni understand that support for scholarship helps the School of Business attract the kinds of students and scholars who elevate its stature,” according to Elliott.


 

Note: Denis Nayden is a member of the UConn School of Business Hall of Fame and has been a distinguished speaker at recent School of Business ceremonies.

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