of the dean
Law and Ethics – The Powerful Combination that Sets The Gabelli School Apart
In the ever-evolving landscape of business regulations, understanding and adhering to the law remains crucial. However, to truly make a meaningful impact, it is equally important that these laws are built upon a strong ethical foundation. At the Gabelli School of Business, we pride ourselves on being one of the leading business schools in the nation that intertwines legal education with ethical insights. This approach is aligned with our Jesuit values and also underscores our strong belief that business and law can and should be forces for positive societal change.
In this issue, we explore the intricate relationship between law and ethics through various lenses—how they shape the research of our faculty, influence the curriculum, and enhance the learning experiences of our students at the Gabelli School of Business.
We are also excited to share news of a generous donation from the Segalas family, which has enabled us to plan a new facility dedicated to supporting our undergraduates’ career development. This edition also celebrates the innovative research of our faculty, the achievements of our alumni—including the M.B.A. Class of 2021—and the impressive accomplishments of our students. Highlighted are the Stanford Fellows and Responsible Business Fellows, and stories of those who are igniting innovation, diving into entrepreneurship, and digging deep into the roots of responsible business from North Carolina to Rwanda.
As you read through these stories, I hope you find inspiration in the dedication and passion that define the Gabelli School of Business community. Our commitment to fostering an educational environment that encourages innovation, celebrates success, and cultivates a strong community spirit is at the heart of everything we do.
Dean and George N. Jean Ph.D. Chair
Gabelli School of Business
Fordham University
Contents
features
What’s legal? What’s ethical? Gabelli School Law and Ethics scholars are exploring what is lawful and ethical in their work and are shaping these conversations across academia, industry, and legal circles on a wide range of topics, from securities regulation to sports.
Climate change. Human rights. Emerging disruptive technologies. As the world faces new and complex challenges, business leaders need firm grounding in law and ethics more than ever before. The Gabelli School’s Law and Ethics faculty members challenge students to examine critical issues from diverse perspectives and engage in civil debate.
in every issue
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Quotables
2024 BEST GRADUATE SCHOOLS/BEST BUSINESS SCHOOL RANKINGS:
News
Innovation at Gabelli
The Gabelli School of Business is at the forefront of business education because of its deep commitment to staying ahead of the changes occurring across industry in the U.S. and around the world. From developing new courses to introducing cutting-edge degree programs, the School is continuously evolving to meet the needs of its students and ensure they are prepared for the challenges and opportunities that lie ahead. Two new academic programs will make their debut this spring, with a third awaiting approval from New York State.
Dual Master of Business Administration (M.B.A.)/Master of Studies in Law (M.S.L.)
In collaboration with Fordham Law, the Gabelli School of Business has launched a new Dual Master of Business Administration (M.B.A.)/Master of Studies in Law (M.S.L.), which allows students to acquire a graduate-level credential that combines a comprehensive business education from a nationally ranked business school with a specialized concentration in legal compliance from a nationally ranked law school. The program is perfect for working professionals because it can be completed part time, in as little as two years. The application for the inaugural Fall 2024 cohort is now open.
Explore this new program by clicking the QR code.
Community at Gabelli
Value Investing Executive Education Program
Through its Gabelli Center for Global Security Analysis, the School has launched a new Value Investing Executive Education Program. Led by renowned value investing expert and Gabelli School faculty member, Paul Johnson, this 2 1/2 day program, which will be held at Fordham’s Lincoln Center campus, Thursday, June 6 – Saturday, June 8, is designed to immerse participants in the principles and main discipline of fundamental investing in order to gain an edge in the stock market. Five fascinating live case studies will be discussed—Apple, Nvidia, Amazon, Chipotle, and Uber—along with the investment case for AI and its potential to impact the investment process. Corporate and Fordham Alumni & Student discounts are available.
Success at Gabelli
For the first time in three years, the Gabelli School’s Full-time M.B.A. program was ranked globally by the Financial Times, achieving a ranking of #100. This acknowledgement repositions the M.B.A. worldwide and provides momentum for it to climb in the coming years as a degree of choice in the eyes of both domestic and international prospective students.
This is a major accomplishment and a testament to the quality of the teaching, and the breadth and depth of the courses, which include an Introduction to Fintech, and classes on Blockchain, Digital Currency, Blockchain Tech & App Development, and Blockchain: Industry Disruptor and Creator.
The Spiros Segalas Charitable Trust Makes a Generous Gift to the Gabelli School of Business in Honor of Finance Pioneer Spiros Segalas
A pioneer in growth investing and founder of Jennison Associates, an equity management firm, Sig Segalas was instrumental in building Jennison from a large cap growth specialist manager into a top institutional investment management firm with world-class equity and fixed income capabilities, and clients around the globe. In addition to the business prowess that made him so successful, Segalas deeply embraced the values of inclusion, independent thinking, and diversity of perspectives and experiences, making them an essential part of Jennison’s corporate culture and ensuring they played a prominent role in the company’s hiring and promotion practices.
Segalas’s global business mindset, his understanding of the important role that higher education plays in preparing the next generation of leaders, and his deep commitment to mentoring those just starting out in their careers, inspired the charitable trust to make a gift that will touch the lives and influence the professional outcomes of thousands of students in the years to come.
Four Gabelli School Students Named Stanford University Innovation Fellows
Each year, the Stanford University Innovation Fellow (UIF) program empowers students around the world to become agents of change in higher education. The Fellows are a global community leading a movement to ensure that all students gain the attitudes, skills, and knowledge required to navigate a complex world. These student leaders, from schools across the continents, create opportunities to help their peers build the creative confidence, agency, and entrepreneurial mindset needed to address global challenges and build a better future. The Gabelli School of Business has participated in the UIF program since 2018, and the four 2023 Fellows recently named—Nishka Singh, Emma Foley, Luigi Di Sanzo, and Rakshitha Rajasekaran—join a prestigious group of UIF alumni.
Responsible Business Center Announces 2024 Fellowship Recipients
Gabelli School Ignite Scholars Explore New Business Models During a Trip to a North Carolina Sustainable Textile District
The CTD connects those who make, design, and sell clothing to a reliable, domestic supply chain that includes local patternmakers, printers, fabric finishers, and dye houses, among others, in order to produce quality products in the area. It is a part of The Industrial Commons (TIC), which empowers local workers and supports local communities by providing secure, meaningful jobs. This mission closely aligns with the Gabelli School’s focus on business serving as a catalyst for lasting and impactful change and ties directly into what students are learning about in their classes.
Gabelli School Global Healthcare Innovation Management Center Hosts One-day Conference on AI and Healthcare: Beyond the Hype
Dennis Jacobs, Ph.D., provost, senior vice president of academic affairs, and professor of chemistry, Fordham University, delivered opening remarks that set the stage for the day’s discussions on the challenges facing the healthcare industry and the potential for AI to revolutionize our healthcare systems. He was followed by Falguni Sen, Ph.D., director of the Global Healthcare Innovation Management Center and professor of strategy and statistics at the Gabelli School, who introduced two areas at the frontier of AI technology integration: drug discovery and healthcare delivery. The day’s presentations were inspirational, but also revealed the enormity of the ethical challenges that will need to be addressed as AI becomes the norm in the rapidly evolving healthcare environment.
Winter/Spring 2024
London Speaker Series
Leadership Panel on AI and the Future of Work and Finance
- Didem Un Ates, Operating Advisor, Goldman Sachs Asset Management & AI/Generative AI Council
- Andrew McLennan, Ph.D., Managing Director, Global Head of Technology & Product Management – Private Alternative, Nuveen, a TIAA company
- Greg Minson, FCRH ’98, Vice Chair, Fordham London Advisory Board; Global COO, MBD Real Estate, Goldman Sachs
- Jamie Woodcock, Ph.D., Fordham Faculty Member, Ethics in Business
Listen to a podcast: https://apple.co/3IWR8al
Class of ’24
COLLEEN FARRELL, GABELLI ’24
Incoming Assurance Associate, PricewaterhouseCoopers
At first, Farrell was concerned about the new format, but when she began studying, her apprehension was quickly replaced with confidence.
“My biggest fear was that I was going to go in knowing absolutely nothing, and that could not have been further from the truth,” she said, adding that so far, “every single accounting class” she’s taken at the Gabelli School is reflective of the new exam content.
Farrell took the exam’s Financial Accounting and Reporting section in March, and has three more sections to go. In December 2023, she completed her bachelor’s degree in accounting information systems and is now working toward her master’s in professional accounting. She enrolled in the Gabelli School’s 4+1 program to complete both degrees in under five years.
MEET PATEL, GABELLI ’24
Project Manager, VTC NC LLC
“I thought I should get proper professional experience and a business school education,” Patel said, adding that he gained even more than he imagined when he began his M.B.A. experience. “I learned how to work as a member of a team, and I would have to participate and present in a class. This was very new to me. I was put into situations that I would not normally be exposed to, and [that] has boosted my confidence. I learned about everything in such a structured and precise manner, exactly how it should be.”
Patel earned his undergraduate degree in geology at the M.G. Science Institute at Gujarat University, a typical field that interested him and would prepare him to join the civil services in India. However, after working at Shree Umiya Developers, the company his father established, his vision for his future changed. Serving as general manager, Patel assisted in the completion of a luxury bungalow project and, when each of the 21 properties sold, he knew the experience was the first step toward his new career journey.
Alumni
news and notes
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Anne Walsh, FCRH ’04,
GABELLI ’08 During her junior year as an international political economy major at Fordham University, Anne Walsh had a lightbulb moment that propelled her career in a new direction. She was pursuing a minor in business and an internship at Donna Karan (which turned into a full-time job)—two immersive experiences that planted the seed to explore a career path that would combine her passion for fashion with a growing interest in business. Although she considered transferring as an undergraduate, she was wisely advised to apply to the Gabelli School’s Professional (part-time) M.B.A. which she could start after graduation. The decision paid off, solidifying her future as a business leader in the fashion industry. -
Curtis Farfan,
GABELLI ’19 Securing an internship was a top priority for Curtis Farfan as he began the second semester of his academic journey in the Gabelli School’s M.S. in Global Finance program. He found the summer internship he ultimately secured as an equity research intern with Boyar Value Group, in a résumé book at the Gabelli School. “The person who had posted the job was an alum who had a hard time breaking into the field, understood the struggle, and wanted to help,” he said. “The position was only advertised to Gabelli School students, which made the process of interviewing and securing the role much easier.”
Exploring the Combined Power and Influence of Law and Ethics in Business
What’s legal? What’s ethical?
Fordham University’s Gabelli School of Business is one of only a few business schools in the country to not only house law and ethics in a single department, but also to holistically engage with legal and ethical questions across the business spectrum. Gabelli School faculty members are shaping the conversation in academia, industry, and legal circles on subjects ranging from securities regulation, to director responsibility, to sports. Their distinctly diverse backgrounds, years of experience, and ability to connect the dots between what is lawful and what is ethical converge to create an academic environment that is uniquely positioned to address today’s most pressing issues and to instill in students the fundamental premise that law and ethics are intrinsically intertwined.
Securities Law: Brent Horton
Business Law and Ethics
Tackling Nuance
In that vein, it’s not so much the classroom content but principles that will stick, said Professor Ken Davis, J.D., which is why he focuses on challenging his students to reason and process information in an evenhanded way in case studies he discusses in the classroom. It’s more than likely, Davis asserts, the students won’t recall many of the granular details of what they learn in his class, absent active use of the knowledge.
Ideas
Ying Hong, Ph.D.
Deviant workplace behavior—such as gossip, absenteeism, production slowdowns, and theft—is motivated by employee greed, self-interest or the desire to purposely harm a business. It is counterproductive and can threaten a company’s success. However, according to Ying Hong, Ph.D., associate professor of the Leading People and Organizations area at the Gabelli School, it doesn’t necessarily have to spell the downfall of a business. She argues that implementing an effective human resource management (HRM) system can help companies discourage such behaviors and achieve a higher ethical standard and better output among employees.
Navid Asgari, Ph.D.
Navid Asgari, Ph.D., associate professor and Grose Family Endowed Chair in Business in the Gabelli School’s Strategy and Statistics area, turned to a novel assistant in his study of how cooperative strategies among pharmaceutical firms influence their communication language styles: a large language model (LLM). Large language models are artificial intelligence systems that process massive data sets to predict and generate human language.
“The margin for error when manually processing vast datasets is significantly high,” Asgari remarked. “My engagement with AI evolved from using it as a mere analytical tool to considering it an indispensable research partner, a ’research copilot,’ if you will.”
Books
The Credit Investor’s Handbook
His passion for teaching began when he was a credit analyst and head of Global New Entry Training at Citibank. At the time, Citibank was just breaking into investment banking, and Gatto was tasked with revamping its training program in the fundamentals of credit analysis for new hires. He later taught credit analysis for other financial institutions around the world as an independent consultant. He filled a knowledge gap in organizations whose employees had not had such training at the undergraduate or graduate level.
When Life Hands You Lemons, Throw Tomatoes
“The overlap between the joy of accounting and the joy of cooking is now a constant in my life,” she commented. “Both are part art, part science. Each sometimes requires rule-based action with absolute precision—such as calculating earnings per share or baking a delicate cake—and other times more interpretive judgment and estimation, such as determining the useful life of an asset or deciding between baking versus frying meatballs (frying is my preferred method).”
In her newly published book, When Life Hands You Lemons, Throw Tomatoes: Lessons in Life and Leadership, Rapaccioli dives deep into the interconnectedness between her successful career in academia, during which she has mentored hundreds of students and served at the helm of the Gabelli School of Business, and her passion for cooking and feeding her family, friends, and colleagues.
Faculty
Peter Mueller, Ph.D.
Assistant Professor of Finance
Decentralized finance, or DeFi, instead relies on blockchain technology to facilitate trustless transactions between users. Peter Mueller, Ph.D., assistant professor of finance, examines the potential applications of this emerging technology and what it could mean for the future of finance, and says the story of the FTX scandal was an early inspiration for his research.
“I’m an empiricist, which means I write papers with data that I collect, and I use that data to tell a story, to test a hypothesis, and find solutions,” he explained. “I like compiling data, testing my hypothesis, and having a eureka moment.”
Masthead
Lerzan Aksoy, Ph.D.
Dean, Gabelli School of Business
Executive Editor
Paola Curcio-Kleinman
Managing Editor
Claire Curry
Creative Director
Ruth Feldman
Paola Curcio-Kleinman
Claire Curry
Michelle Miller
Suzi Morales
Chris Quirk
Gabrielle Simonson
Fordham University President
Tania Tetlow
Provost
Dennis C. Jacobs, PhD
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