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Fordham University Business Spring 2024

Law and ethics in business
Spring 2024
from the office
of the dean
Lerzan Aksoy posing for a picture

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.

Lerzan Aksoy signature
Lerzan Aksoy, Ph.D.
Dean and George N. Jean Ph.D. Chair
Gabelli School of Business
Fordham University
Fordham Business / Volume 26 / Spring 2024



large male judge facing a female holding the Scale of Justice with a group of lawyers standing below
Exploring the Combined Power and Influence of Law and Ethics in Business
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.
digital rendering of capitol buildings with large skyscrapers in the background
Business Law and Ethics: Tackling Important Issues, Asking Critical Questions
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.

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“The idea of strategic human resource management is that we can plan, design, and implement HRM systems in a way that helps a company achieve objectives such as having higher safety standards.”
—Associate Professor Ying Hong, Ph.D., on her research published in the Journal of Business Ethics
“A company’s reputational capital is its most valuable, invisible asset. It’s intangible, but in terms of its value, it surpasses anything that would appear on the balance sheet.”
—Professor Kevin Jackson, J.D., Ph.D.
“Embracing the adage ‘the forbidden fruit tastes the sweetest,’ I’ve encouraged my students to engage with AI tools responsibly.”
— Associate Professor Navid Asgari, Ph.D.
The Gabelli School of Business
Executive M.B.A. RANKING


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.

six students sit together at a table, each deep in their studies

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.

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Explore this new program by clicking the QR code.

Community at Gabelli

A top priority for the Gabelli School is to foster relationships that build a sense of community for students, faculty members, alumni, industry partners, staff members, and administrators.
three book covers; Miracle of Effort: Thalia’s Autism Journey by John Fortunato, Ph.D.; Business Anthropology: The Basics by Timothy de Waal Malefyt, Ph.D.; and When Life Hands You Lemons, Throw Tomatoes: Lessons in Life and Leadership by Donna Rapaccioli, Ph.D.
In April, the Gabelli School hosted an event that focused on the recently released books of three faculty members and featured a panel discussion titled “At the Intersection of Passion and Purpose: Celebrating the Books of Gabelli School Business Faculty.” The event was moderated by Dean Lerzan Aksoy and featured John Fortunato, Ph.D., professor of communications and media management, who discussed his book Miracle of Effort: Thalia’s Autism Journey; Donna Rapaccioli, Ph.D., university professor and dean emerita, who talked about the inspiration for her book, When Life Hands You Lemons, Throw Tomatoes: Lessons in Life and Leadership; and Timothy de Waal Malefyt, Ph.D., who discussed his book, Business Anthropology: The Basics. The event brought the School community together, as well as those who attended from the surrounding community. A book signing followed the discussion, which was complemented by a reception of delicious food and beverages.

Value Investing Executive Education Program

cropped view of a man's torso, dressed in a casual business and tracing a upward arrow with his index finger

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.

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Learn more and register here by clicking the QR code.

Success at Gabelli

As a business school, rankings are a key to our success and the way we are perceived by prospective students, alumni, donors, industry partners, and the public at large. We’re proud to announce three rankings that are sure to build the School’s reputation and visibility.
ranked 100 by Financial Times typographic image and logo

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.

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Learn more about our Full-time M.B.A. by clicking this QR code.
ranked 3 by TechGuide typographic image and logo
For its rankings on Best Blockchain Master’s Degree Programs in 2024, TechGuide ranked the Gabelli School’s M.B.A. program with a Blockchain Secondary Concentration at #3 in the country. also ranked Fordham’s Gabelli School at #3 in the country in its recently released rankings for Best Colleges for Cryptocurrency and Blockchain Education.

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.

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Learn more about the Blockchain Secondary Concentration by clicking this QR code.

The Spiros Segalas Charitable Trust Makes a Generous Gift to the Gabelli School of Business in Honor of Finance Pioneer Spiros Segalas

The Contribution Will Name the School’s Global Initiatives and Undergraduate Advising Suite on the Lincoln Center Campus, Enhancing Critical Academic Services for Current Students
seated portrait image of Spiros “Sig” Segalas wearing a grey pinstriped suit with a pastel yellow pinstriped tie
The Spiros Segalas Charitable Trust, informed by its trustee and Spiros Segalas’s daughter, Daphne Sampson, recently made a substantial gift to the Gabelli School of Business. The generous contribution made in remembrance of the late patriarch of the Segalas Family, Spiros “Sig” Segalas, will name in his honor the School’s Global Initiatives and Undergraduate Advising Suite, located on Fordham’s Lincoln Center campus, and will greatly enhance the services it provides to students.

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

Geraldo De La Cruz, Luigi Di Sanzo, Rakshitha Rajasekaran, Emma Foley, Nishka Singh and Associate Dean Mark Silver pictured standing together in front of a paneled wall
(l to r) Geraldo De La Cruz, a 2019 Innovation Fellow, with 2023 Fellows – Luigi Di Sanzo, Rakshitha Rajasekaran, Emma Foley, Nishka Singh, and Associate Dean for Undergraduate Studies Mark Silver, Ph.D.
Geraldo De La Cruz, Luigi Di Sanzo, Rakshitha Rajasekaran, Emma Foley, Nishka Singh and Associate Dean Mark Silver pictured standing together in front of a paneled wall
(l to r) Geraldo De La Cruz, a 2019 Innovation Fellow, with 2023 Fellows – Luigi Di Sanzo, Rakshitha Rajasekaran, Emma Foley, Nishka Singh, and Associate Dean for Undergraduate Studies Mark Silver, Ph.D.

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

In support of its objective to engage stakeholders with an interest in aligning business interests with responsible business practices, the Gabelli School’s Responsible Business Center awarded five financial fellowships to undergraduate and graduate students. The annual fellowships are bestowed upon applicants whose career interests focus on responsible decision-making in modern business.
Walder Almeida headshot
Walder Almeida
Walder Almeida is a Full-time M.B.A. student from Brazil, focusing his studies on finance and sustainability. He is a co-president of Fordham Graduate Net Impact, vice president of corporate affairs in the Management Consulting Club, and a board member of the Green Business Club. Almeida earned an L.L.M. in International Human Rights with honors from the Northwestern Pritzker School of Law in 2020 and has practiced law in Brazil and in the U.S., including at the International Legal Foundation. “Being a Responsible Business Center fellow will allow me to explore my interest in ethical issues surrounding the use of technology in financial institutions, and the ways technology will have an impact on people’s lives,” he noted.

Gabelli School Ignite Scholars Explore New Business Models During a Trip to a North Carolina Sustainable Textile District

Gabelli School of Business Ignite Scholars at the Carolina Textile District
For a week this past January, a group of Gabelli School of Business Ignite Scholars visited the Carolina Textile District (CTD) in Morgantown, North Carolina, through the Go! Program, a Fordham University service and cultural immersion initiative rooted in social justice awareness and community engagement. The trip enabled the group to become part of a growing youth movement that is exploring the benefits of sustainable and ethical manufacturing, its impact on the economy, and the products they purchase.

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

While the world has been taken by storm through the use of more commonly known AI applications such as ChatGPT, there remains a void in what the public knows about the transformational changes that are occurring in the healthcare and pharma environment due to AI technology. The deeply enlightening presentations delivered by renowned experts at the February 1 “AI and Healthcare: Beyond the Hype” conference, hosted by the Gabelli School’s Global Healthcare Innovation Management Center, revealed the incredible advances being made that will revolutionize the way we diagnose and treat disease.

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

view of the Palace of Westminster from across the River Thames
view of the Palace of Westminster from across the River Thames
This past winter and spring, through its London Speaker Series, the Gabelli School of Business presented rich and informative content that touched upon a broad range of subject matter—from a panel discussion on AI and the future of work and finance to a conversation on leadership in feminist publishing.
February 5, 2024

Leadership Panel on AI and the Future of Work and Finance

Always on the cutting edge of business and technology, the Gabelli School’s panel on AI and finance explored the deepening relationship between artificial intelligence and the financial sector. Industry experts emphasized AI’s potential in enhancing efficiency, risk management, and overall decision-making processes within financial institutions. They also discussed the importance of including employees in the AI integration process.

  • 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:

Class of ’24

Colleen Farrell headshot
Photo by Emily Kennedy

Incoming Assurance Associate, PricewaterhouseCoopers

Colleen Farrell, GABELLI ’24, is among the first wave of accounting students who are sitting for the new CPA exam that rolled out this year. The CPA Evolution initiative is a joint effort of the National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA) to reshape the exam to align with the demand for new competencies, including knowledge of and proficiency in emerging technologies.

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 headshot
Photo by Keith B. Bratcher

Project Manager, VTC NC LLC

BEFORE MEET PATEL, GABELLI ’24, enrolled in the Full-time M.B.A. program at the Gabelli School, he served as the general manager at his family’s real estate development company in Gandhinagar, India. Now he’s joining the family’s new firm in North Carolina as a project manager, prepared to apply his education in marketing to build the company’s brand and grow its client base in commercial real estate.

“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.


news and notes

Alumni success stories are a testament to the quality of a Gabelli School education. In each issue of Fordham Business, we highlight inspiring alumni who are making a difference in every industry—and in the world—and we know there are countless others. Interested in sharing your story? Please email
  • Anne Walsh headshot

    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 headshot

    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

Exploring the Combined Power and Influence of Law and Ethics in Business typographic title
By Suzi Morales
By Suzi Morales

What’s legal? What’s ethical?

Unfortunately, for many of today’s business leaders, these two questions remain separate, and the set of rules that serve to govern best business practices are often applied in a manner divorced from ethical norms that should be upheld.

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

According to Brent Horton, J.D., LL.M., associate professor and chair of the Law and Ethics area, a monumental scandal arises every decade or so that illustrates a failure to train individuals on the legal and ethical guardrails of business. Rather than simply educating business students to turn a profit and increase a bottom line, “we want to be graduating students who are going to be leaders in the business world… moving forward both legally and ethically,” he asserted. One tool Horton uses to educate students about those guardrails is his scholarly work on corporate disclosures, which he incorporates directly into his class on securities regulation.

Business Law and Ethics

Business Law and Ethics
Tackling Important Issues, Asking Critical Questions
By Chris Quirk
Adhering to ethical standards should be the sine qua non for practitioners of any profession. The problem in business, asserts Associate Professor Miguel Alzola, Ph.D., is that gray areas abound, and there is a lack of agreed-upon guidelines. “In many professions, such as law, engineering, or accounting, there is a clear code of ethics and students are required to take several courses to ensure they understand their legal and ethical responsibilities,” he said. “There is no such code in business.”
Tackling Important Issues, Asking Critical Questions
By Chris Quirk
Adhering to ethical standards should be the sine qua non for practitioners of any profession. The problem in business, asserts Associate Professor Miguel Alzola, Ph.D., is that gray areas abound, and there is a lack of agreed-upon guidelines. “In many professions, such as law, engineering, or accounting, there is a clear code of ethics and students are required to take several courses to ensure they understand their legal and ethical responsibilities,” he said. “There is no such code in business.”
To prepare students for the real-world challenges they will face in business, Alzola and other faculty members in the Gabelli School’s Law and Ethics area are using their courses as platforms for important conversations about how to navigate often uncharted ethical waters. While these dialogs can be challenging and the results sometimes counterintuitive, the desired outcome is to provide students with the tools to operate effectively and ethically in novel and dynamic business situations.

Tackling Nuance

Alzola created and teaches the M.B.A. course Markets, Business, and Society, which plunges students into the murky ambiguity that industry leaders can face in complex business environments. “This isn’t Sunday School,” he cautioned. “I tell students that my role is to facilitate conversations around decisions that corporations and executives have had to make in these gray areas.” Alzola deliberately chooses case studies for analysis that are controversial, those where reasonable claims could be made for opposing points of view. “I encourage my students to frame and pursue problems as win-win if you can, but sometimes you have to make tradeoffs. That’s what you need ethics for,” he said.

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.


Ying Hong, Ph.D.

Associate Professor, Leading People and Organizations
Portrait headshot of Ying Hong grinning in red lipstick and she is wearing a black cardigan
Earlier this year, aerospace manufacturer The Boeing Company made headlines after several missing bolts sent a door plug flying off a plane mid-flight. Luckily, no one was harmed, but the incident, among others in recent months, sparked a federal investigation into the firm’s production practices. The Federal Aviation Administration identified non-compliance issues in Boeing’s manufacturing, product control, parts handling, and storage, and the safety breaches were determined to be the result of deviant workplace behavior, shaking the trust of customers, shareholders, and federal regulators.

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.

Associate Professor & Grose Family Endowed Chair in Business
Portrait headshot photo of Navid Asgari, Ph.D. smiling in a black jacket
In exploring firms’ strategies and outcomes, scholars may rely on company communications—including press releases and internal memos—to uncover insights into management styles, internal dynamics, and responses to external challenges such as technological change. This examination, often involving thousands of documents, is not only labor intensive but also prone to human error.

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.”


The Credit Investor’s Handbook

SHARING DECADES OF WORKING with top investors, author and Gabelli School Adjunct Professor Michael Gatto inspires the next generation of credit analysts and finance professionals.
Portrait close-up headshot photo view of Michael Gatto smiling in a black business suit and light sky blue button-up dress shirt underneath with a dark navy blue hexagon-shaped pattern tie; Beneath to the far left of his headshot is a smaller floating front book cover image titled The Credit Investor’s Handbook: Leveraged Loans, High Yield Bonds, and Distressed Debt
Michael Gatto became interested in the credit markets decades ago, and is a highly respected credit expert. He has worked alongside some of the world’s most successful credit investors, previously at Goldman Sachs’ Special Situations Desk where he focused on distressed credit, and currently as partner and head of Private Side Businesses at Silver Point Capital (a $20 billion credit-focused fund). He also shares his knowledge and enthusiasm for the credit markets with his students at the Gabelli School of Business.

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

PACKED WITH MORE THAN 100 RECIPES, this culinary compendium by University Professor and Dean Emerita of the Gabelli School, Donna Rapaccioli, explores the connections between cooking and leadership.
Donna Rapaccioli dressed in a kitchen with a denim apron with a picture of her book 'When Life Hands You Lemons, Throw Tomatoes'
For Donna Rapaccioli, Ph.D., dean emerita of the Gabelli School of Business, a role in which she served for more than 15 years, the parallels between her passion for accounting and cooking were clear early on in her life and in the leadership roles she has held.

“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.


Peter Mueller headshot
Photo by Emily Jeffries

Peter Mueller, Ph.D.
Assistant Professor of Finance

In 2022, the centralized cryptocurrency exchange FTX filed for bankruptcy after its CEO and other top executives faced trial for misappropriating more than $8 billion in customer deposits. The U.S. Securities and Exchange Commission (SEC) spends millions annually to regulate these transactions and ensure trust but, as in the case of FTX, sometimes it isn’t enough.

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.”


Fordham Business Spring 2024
Lerzan Aksoy, Ph.D.
Dean, Gabelli School of Business

Executive Editor
Paola Curcio-Kleinman

Managing Editor
Claire Curry

Creative Director
Ruth Feldman

Contributing Writers/Reporters
Paola Curcio-Kleinman
Claire Curry
Michelle Miller
Suzi Morales
Chris Quirk
Gabrielle Simonson

Fordham University President
Tania Tetlow

Dennis C. Jacobs, PhD

This publication is published by the Office of the Dean of the Gabelli School of Business, with offices at 441 East Fordham Road, Bronx, NY 10458 and 140 West 62nd Street, New York, NY 10023.

Fordham Business welcomes your comments and suggestions. Email

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Opinions expressed in this publication may not necessarily reflect those of the Fordham University faculty or administration. © 2024, Fordham University Gabelli School of Business

Gabelli School of Business students in Rwanda

Rwanda Global Immersion – Encouraging Entrepreneurship in Emerging Industries

During a weeklong spring break global immersion to Rwanda led by Associate Clinical Professor, Dennis Hanno, Ph.D., Leading People and Organizations, Gabelli School of Business students met with entrepreneurs and helped them to solve challenges they are facing as they launch their businesses. These start-up ventures range from agricultural technology to tourism to fashion. By the end of the semester, the student teams that participated will prepare detailed recommendations to help these businesses achieve success. This hands-on learning experience provides students with the opportunity to use their skills and knowledge to have a positive and lasting impact on communities far beyond our campuses.
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