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SIUE News Archives for January 2012

January 2012

SIUE Finance Professor's Research Featured in the Wall Street Journal

27 January 2012, 12:49 pm

Understanding corporate stock buybacks can be a tool in an investor's arsenal, if investors closely examine the trades made by insiders leading up to the buyback announcement. Dr. Shrikant Jategaonkar, an assistant professor in the School of Business at Southern Illinois University Edwardsville, has studied the relationship between share repurchases, insider buying and stock performance between 1991 and 2006. His working paper entitled "If it's good for the firm, it's good for me: Insider trading and repurchases motivated by undervaluation" was highlighted in a Wall Street Journal article on Saturday, January 21 st, 2012 (Buy Signals: How to Decipher Stock Buybacks).

Smart columnist Jack Hough explored share buybacks and the possible implications of this activity for investors in his article. Hough cited a variety of reasons why managers choose to repurchase their stock and how in some cases this can be a signal to invest in that company. He posed the question: How do you know when a company feels that their stock is undervalued?

"Valuation ratios are useful, but company insiders are in a particularly good position to know when their shares are cheap or undervalued," according to Jategaonkar. His study shows that stock repurchases associated with unusually low insider buying outperformed other stocks by almost 9 percent over a four-year period. In contrast, firms with unusually high insider buying prior to stock repurchases earned an abnormal return of 29 percentage points over the same period. "If managers are spending their own money on shares, it is a good indicator of value because their actions matter more than their words."

Jategaonkar, who is an alumnus of SIUE's School of Business, earned an M.S. degree in Economics and Finance in 2004. Prior to returning to SIUE, he received a Ph.D. in Finance from the University of Arizona.

The SIUE School of Business is among an elite 10 percent of business schools worldwide that have earned the prestigious seal of approval from the Association to Advance Collegiate School of Business (AACSB) International. The School's accounting program is accredited through AACSB International. Less than 30 percent of AACSB accredited business schools also hold the accounting accreditation. For the sixth consecutive year, the SIUE School of Business is named an outstanding business school by The Princeton Review. The publication's The Best 294 Business Schools: 2012 Edition recommends the School as one of the best institutions in the U.S. to attend to earn an MBA.

Poet to Inspire and Challenge SIUE Charter High School Students

23 January 2012, 10:23 am

Many young people love the music and message of such hip hop superstars as Jay-Z, DMX and Snoop Dogg. But when dealing with rap, as well as other cultural influences, young people should consider what goes into both their hearts and heads, according to Chicago-area poet and motivational speaker, Reggie Legend.

Legend, 33, will visit students at the SIUE East St. Louis Charter High School on Friday. The young poet will be at the school all day, beginning with an assembly at 9:35 a.m. in the Multipurpose Room, Building D, at the East St. Louis Higher Education Campus, 601 James R. Thompson Blvd. in East St. Louis. The theme for the school activity is "Authoring Your Destiny - Taking you from what you think you can be to what you never thought you could achieve!" Legend will challenge students to broaden their perspectives on how to make the best of their education, take hold of hope and shape it into destiny. The poet will also hold sessions with students to help improve their writing skills.

Legend is author of the book, Steel Waters Volume 1: DUPLicate AuthentICITY. In the book, the Christian poet deals with his duality and being torn between two worlds: light and dark, spirit and flesh.

"My mission is to help give young people of this generation a new voice and direction," Legend said. "Rap influenced me because it was a dominant medium for my culture. But now as a Christian poet, I am dealing with the ill effects that can be associated with rap."

The poet said he's not trying to "demonize" the popular music or the culture. Legend does, however, point out that there is a dark side of rap, and that the artistic expression has strayed from its original beginnings of calling attention to injustice and giving a voice to the voiceless.

It is for those people, especially youth, who were disenfranchised or felt marginalized, that early rap music first sought out to encourage and uplift, Legend said. To that end, Legend has put his pen to paper.

An excerpt from the poem "Afraid of My Own Strength," which is featured in his book reads:

"…The untapped potential of our young people

Is unmatched and exponentially unequaled.

Some peak through, but others never scratch the surface.

Stymied by either a lack of resources

Or an untimely lapse in recourses,

Last resorts have blasted fortunes into a status that's worthless.

Forfeited self-worth is a bankruptcy of the soul

That's a forlorn, shell-torn vacancy to behold.

To ignore your core is a flagrancy too bold and foul to sense.

So as the stench's fragrancy is condoned,

A trail of tears heinously unfolds…

As the cadence tolls from blatant doles roused in the pits…"

More information about the poet can be found at his website:

Student Becomes SIUE's First Young Ambassador to Germany

20 January 2012, 4:09 pm

For the first time ever, an SIUE student has received the honor of being a Young Ambassador for the German Academic Exchange Service. A German education major, Hannah White is overjoyed about the opportunity presented to her.

The GAES strives to build ties between higher education institutions around the world in support of international academic collaboration. Only 39 students were chosen in the United States to represent the program, with two of those hailing from the state of Illinois. This is a major accomplishment for the University and illustrates the core value of excellence that SIUE is always working toward.

For White, the best part of being a Young Ambassador is being able to speak to SIUE classes about her study abroad experiences in Germany. She is able to tell students how much studying abroad was a life changing experience and reminds them that they don't have to speak German to study there.

"I used to be a shy person and get anxious," White said. "But once you are thrown into a new experience you just have to swim. I initially thought that studying abroad might put me behind. But it's put me ahead of the game. I think everyone should study abroad. I have become a much stronger person intellectually."

Studying abroad led White to becoming a Young Ambassador, allowing her to not only share her passion, but also to learn an important lesson.

"I would say the most significant thing I learned is the importance of intercultural understanding," she said. "America isn't the center of the universe. It's important to have a global perspective, from race to religion, sexual orientation and gender. You need to know what is going on in the world around you."

Though White is a German education major, the GAES is not limited to just education students. The opportunity is open to students from several different majors including engineering, political science, psychology, music, international relations, business and more.

Studying abroad is a big decision for many people. White initially became interested in Germany because of her ancestry. She chose to study there because of the tremendous support she received from the German education faculty at SIUE and the SIUE Center for International Programs. Both have offered Hannah guidance before she left and were just a "phone call away" while she was abroad. The Center for International Programs aids students in answering any questions they have about studying abroad and making connections.

Germany ended up being a perfect fit for White, who had taken only a 100-level German class before living in Heidelberg from January-August 2010. White now considers herself fluent in German and adds that Heidelberg is full of young adults, lots of culture and rich history.

"Heidelberg is the best," she said. "It's young, and you have people from France, Switzerland and Japan. It has big nightlife. It's amazing to see all of these historic places you've learned about in class. To see them in real life, it's beautiful."

White hopes that her experience studying abroad will inspire others to do so. She is one student who has made a connection with Germany, allowing others to use that connection to create their own experiences as well. She urges everyone to, "Make the plan, while you are young, before things get too complicated. Make the plan."

MLK Award Winners Announced At SIU Edwardsville

20 January 2012, 4:07 pm

The Annual Rev. Martin Luther King Jr. Humanitarian and Scholarship Awards have been announced by Southern Illinois University Edwardsville.

The awards will be presented at the University's annual celebration of the birthday of the Rev. King at SIUE on Tuesday, Feb. 7. The awards are given each year to recognize those who exemplify the philosophy of nonviolent social change as demonstrated by Rev. King.

This year's guest speaker will be East St. Louis Mayor Alvin Parks Jr., noted as the primary architect and innovative visionary for the city's current progress.

The luncheon program will begin at 11:30 a.m. in Meridian Ballroom of SIUE's Delyte W. Morris University Center, followed by a reception in the Goshen Lounge for the winners of the Scholarship and Humanitarian awards. Winners of the Rev. Martin Luther King Jr. High School Essay, Poetry, and Visual Arts Awards also will be honored.

Winners of the Rev. Martin Luther King Jr. Awards include (Click on the names in bold face to find photos suitable for print):

• Deontay "Sean" Crawford of Springfield, a junior majoring in biological sciences with a concentration in dentistry through the SIUE College of Arts and Sciences. Crawford is the recipient of the MLK Scholarship and Humanitarian Award;

• Cheryl Heard, assistant director of the SIUE Kimmel Leadership Center, who has worked for positive social change for 16 years through St. Louis area the grass roots organization, Racial Harmony, is the Faculty/Staff Humanitarian Award recipient;

• The Rev. Dorris Davis, founder of the Dorris Davis Helping Hands Shelter for homeless men in East St. Louis and dedicated community volunteer, was chosen as the recipient of the Dr. Martin Luther King Jr. Community Service award.

Winners of the MLK high school competition awards are:

• Jacob Till-Meidinger of Belleville, a senior at Belleville West High School-visual arts award;

• Berit Ericson of Columbia, a senior at Waterloo High School-poetry award; and

• Richard Roberts of Alton, a sophomore at Alton High School-essay award.

Tickets for the MLK luncheon are $20 for general admission; students, $15. For reservations, call (618) 650-2660.

Elijah P. Lovejoy Library To Host "Lewis & Clark" Traveling Exhibition

19 January 2012, 11:44 am

"Lewis and Clark and the Indian Country," a traveling exhibition, is on display at the Elijah P. Lovejoy Library on the campus of Southern Illinois University Edwardsville through March 2.

The exhibition tells the story of the explorers' historic 1804-1806 expedition from a different point of view-that of the Indians who lived along their route. During the explorers' journey to the Pacific coast and back, Meriwether Lewis and William Clark and their small group of voyagers crossed the traditional homelands of more than 50 Native American tribes. The exhibit examines this monumental encounter of cultures, and the past and present effects of those events on the lives of the tribes which still live in the region.

"What often gets lost in the story is that Lewis and Clark did not explore a wilderness-they traveled through an inhabited homeland," said Frederick E. Hoxie, the exhibit's curator and Swanlund Professor of History at the University of Illinois at Urbana-Champaign. "This expedition is part of the history of the native peoples the explorers met, and the exhibit offers us an opportunity to understand an Indian perspective on our shared American past."

"We are pleased to have been selected as a site for this exhibition," said Regina McBride, dean of Library and Information Services. "The story of the Lewis and Clark expedition is well known to most Americans, thanks in part to the recent bicentennial celebrations, but the Native American perspective on their voyage is not as well known. It is important to understand that although this great journey essentially opened American eyes to the West and encouraged national expansion, it also contributed to a dramatic change in the well-established cultures of the Indian tribes already living in the region."

"Lewis and Clark and the Indian Country" draws upon original documents in the rich Native American collections of the Newberry Library, and in the collections of the Washington State Historical Society, the Minnesota Historical Society and other institutions. Photographs of handwritten documents, maps, paintings and drawings provide a colorful background for the story of the encounter.

Organized by the Newberry Library, Chicago, in cooperation with the American Library Association (ALA) Public Programs Office, "Lewis and Clark and the Indian Country" was made possible by a major grant from the National Endowment for the Humanities (NEH): great ideas brought to life. Additional support came from the University of Illinois at Urbana-Champaign. The Sara Lee Foundation is the lead corporate sponsor; Ruth C. Ruggles and the National Park Service also supported the exhibit.

The library will host two free programs for the public in connection with the exhibition: A lecture by historian Carolyn Gilman of the Missouri Historical Society at 3 p.m. Sunday, Jan. 29 and a panel discussion led by SIUE faculty Gregory Fields, Rowena McClinton and Robert Paulett, and Lewis and Clark Center Director Brad Winn, will be presented at 3 p.m. Sunday, Feb. 26. Parking for the two weekend programs is free.

Contact Library and Information Services, (618) 650-4636, email or visit for more information.

New Director Hopes To Connect Community, The Gardens at SIUE

18 January 2012, 9:35 am

Figuratively speaking, Jane Drake's vision is to make the bridge in The Gardens at SIUE stretch well into Edwardsville and throughout the Metro East Area.

That's because Drake, the new director of the Gardens at SIUE, wants to grow community awareness and involvement in the Signature Garden through outreach programming and events.

"I hope to bring more exposure to The Gardens," said Drake, who began her new job Jan. 3. "Our previous director (Doug Conley) did a fabulous job. With support from community members and a strong master plan, he established The Gardens. I will continue to develop the horticultural character of the property and find new and exciting ways to connect The Gardens to the broader community. I look forward to what we'll grow into."

Drake first cultivated a love of horticulture as owner/operator of a small farm in Northeast Kansas. She graduated in 2001 with a Bachelor of Science in horticulture from Kansas State University. After relocating with her family to Edwardsville, she connected with The Gardens when she volunteered there as a graduate student.

"And I fell in love with it," she said. "I know there are many people who don't realize what a treasure we have here." The horticulturalist graduated from SIUE in 2009 with a Master of Science in biological sciences with an emphasis in science education.

After graduating from SIUE, Drake went to work at The Audubon Center at Riverlands, West Alton, MO, where she was the education director. She was responsible for collaborating with project partners, establishing a volunteer program, assisting with Center development and grant coordination, and establishing nature-based outreach programming for all ages. "I enjoy helping people connect to nature," she said. "A well appointed, thoughtfully designed public garden is much more than its horticultural collections and meandering paths. It is a place for folks to come together, to learn from each other, to remember our history, to be observant in the moment and to engage in our future."

The Gardens at SIUE is a 35-acre public botanical garden and is recognized by the Missouri Botanical Garden as a Signature Garden. Included in the Gardens are natural areas, gardens, sculptures and a walking path. The Garden also includes The Lantern, an Asian-influenced garden pergola embraced by white pines. Near Turtle Pond, a winding path lands in a plaza surrounded by a small amphitheater creating an intimate space for special events and contemplation.

The Prairie House, scheduled for 2012-13 and part of SIUE's Defining Excellence Campaign, will be an exciting new addition to The Gardens. SIUE began a major gifts campaign last year to thrust the University to a new level of prominence and performance. The Gardens remains a major part of the fundraising efforts, as SIUE expects philanthropic support to transform it into a major educational and cultural resource, which will attract regional visitors and support the academic and social life of the University.

The Prairie House will offer both indoor and outdoor classroom space and be a stunning venue for events and celebrations. The surrounding Prairie Garden will both delight visitors with its iconic landscape of the Midwest, and provide students with a living laboratory in which to study and explore one of the most productive plant communities on earth.

Karla Smith Foundation to share their story at SIUE

17 January 2012, 4:49 pm

Tom, Fran and Kevin Smith, founders of the Karla Smith Foundation, will be sharing the story of their daughter/sister living with a mental illness and the effects of her death by suicide at 7 p.m. Monday, Feb. 6 in Southern Illinois University Edwardsville's (SIUE) Morris University Center (MUC). The free event is being presented in cooperation with the SIUE School of Nursing.

Karla Smith's 7-year struggle with bipolar disorder began when she was 19, and culminated with her death by suicide at age 26. In her memory, the Smith family continues her commitment to help other families face these challenges through the Karla Smith Foundation.

Sara Rosenbery, senior nursing student, along with her SIUE nursing faculty mentor, Michele Beatty, coordinated the event with the hope of shedding light on suicide. "During my freshman year, one of my friends died by suicide," Rosenbery said. "My purpose for this event is to help people identify the warning signs and to erase the stigma associated with suicide."

Representatives from SIUE's Center for Spirituality and Sustainability, along with Counseling Services, will be available during and after the conclusion of the event. Donations to the Karla Smith Foundations will be accepted.

For more information, visit .

A Season For The Child Continues 2011-12 Season With 'Puss In Boots'

12 January 2012, 5:16 pm

A Season for the Child (SfC), the family-oriented live theater season-sponsored by the SIUE Friends of Theater and Dance (FOTAD), TheBANK of Edwardsville and the Fox Performing Arts Charitable Foundation of St. Louis (FPACF)-continues its 23 rd season with the beloved fairytale, Puss In Boots, on Saturday, Jan. 28.

The FPACF fosters and promotes the performing arts in the St. Louis metropolitan area, encouraging audiences of all ages and from all walks of life to discover the joy and wonder of live arts performances. TheBANK of Edwardsville has been a supporter of A Season for the Child since its inception in 1990.

Performance of the popular fairytale will begin at 7 p.m. that Saturday on the mainstage at SIUE's Katherine Dunham Hall. The FOTAD series features professional theater troupes from St. Louis staging adaptations of various children's stories, using interactive techniques that not only delight children and parents, but also provide a learning experience.

Before he was Shrek's swashbuckling sidekick, Puss was one of Mother Goose's best-loved story time characters. Find out how this frisky feline's legend began as he leads his master on a journey to find his way in the world. The clever Puss uses cunning and intelligence to overcome an ogre, befriend a king and win the heart of the fair princess, gaining his master and himself a life of ease and happiness.

Puss In Boots will be performed by The Imaginary Theatre Company (ITC), the touring arm of the Repertory Theatre of St. Louis. The ITC combines the spirit of the original tale with fresh, musical mischief to present a classic adventure and a laugh-out-loud treat.

FOTAD, a support group for the SIUE Department of Theater and Dance, uses the proceeds from SfC to help fund merit awards for talented SIUE theater and dance students. Each year, the organization awards some $5,000 in merit scholarships to qualified students. FOTAD also funds scholarships for new freshmen entering the theater and dance program. The support organization holds an endowment to help fund the merit scholarship program. Those interested in donating to the endowment may contact Greg Conroy, (618) 692-0874.

Tickets for the Jan. 28 performance are $5 per person and are available through the SIUE Fine Arts box office, (618) 650-2774. The final production of the 2011-12 season is Rumpelstiltskin, an adaptation of the fairytale by local playwright John Harvey, to be staged at 2 p.m. Saturday, March 17.

SIUE Art Auction Set For April 12 At N.O. Nelson Campus

10 January 2012, 9:07 am

The 33 rd Annual Art Auction, sponsored by the Southern Illinois University Edwardsville Friends of Art, is set for Thursday, April 12, on the N.O. Nelson campus of Lewis and Clark Community College, 601 Troy Road, Edwardsville. The auction will be conducted in the Leclaire Room of the Jay Hoffman Building on the campus. The entire L&C Edwardsville campus was home for many years to the SIUE Department of Art and Design, then known as the Wagner Complex.

This year's auction will feature original donated artwork, which may be previewed from 6 -7 p.m. when professional auctioneers Gary Niemeier and Dennis Ahrens will begin the event. Admission is free to students and those who have donated pieces for the event, as well as members of the Friends of Art. Others are asked to pay $5 at the door. Since 1979, the Friends of Art organization has assisted the department in staging this fundraiser which provides funds to bring local, national and international artists, and lecturers to the SIUE campus.

In addition, the Friends group annually donates money to help purchase new books, videos and films about art for SIUE's Lovejoy Library; sponsors awards for the annual high school art exhibit and other SIUE student exhibits, and sets aside funds for a graduate scholarship. Last year, more than 140 art pieces by faculty, alumni, friends and students were available for auction as well as nearly 50 pieces sold during the silent auction. Participants have almost as much fun bidding as winning the bid at this lively event. Food and drink will be available for purchase.

For more information or directions, contact Dianne Lynch by e-mail:; or Andi Smith by e-mail:

U.S. Sen. Richard Durbin To Speak At SIUE

9 January 2012, 4:53 pm

U.S. Sen. Richard Durbin will hold a media conference at 11:15 a.m. Tuesday in the Morris University Center Goshen Lounge on the Southern Illinois University Edwardsville campus to encourage financial institutions to voluntarily adopt a bank account fee disclosure form designed to make checking account terms and fees transparent and easy for consumers to understand.

The document, created by the Pew Charitable Trust, was created to make understanding banking information easier. Durbin will be joined by Narbeth Emmanuel, SIUE vice chancellor for Student Affairs.

SIUE School of Business Hires New Director of Development

5 January 2012, 9:22 am

Marilyn Marsho (BA '84) has been appointed director of development for the Southern Illinois University Edwardsville School of Business. Marsho brings more than 20 years of experience in academics and the nonprofit sector to her new position. Marsho comes to the School of Business after serving as the director of development for SIUE's College of Arts and Sciences for the past 13 years.

In her new role, she will be responsible for strategic planning and implementation of all aspects of major, planned and annual contributions, as well as activities for establishing and maintaining relationships with School of Business alumni, and corporate and community leaders.

Marsho said that her initial plans for the School will focus on looking for underwriting to assist with the Cougar Business Resource Center, endowed faculty positions and new funding for student scholarships-all part of the School's targeted goals for "Defining Excellence: The Campaign for SIUE."

"In addition to my being a graduate of SIUE, I have many family ties to the University, such as my son-in-law and late husband, who were both graduates of the School of Business," Marsho said. "Joining the Business School felt like a way of 'giving back' for the solid foundations they received at SIUE. Additionally, my father and his brother owned Illinois Lumber Co. in Edwardsville, so I am well aware of the effort it takes to run a small business and can appreciate the School's mission of preparing students for future business endeavors.

"Providing people with the opportunities to reach their fullest potential has been my personal goal in every position that I have held and I hope to continue doing this as a part of the School of Business."

"We are thrilled to have Marilyn's expertise and experience in the School of Business," said SIUE School of Business Dean Gary A. Giamartino.

Marsho formerly worked in fund development for the Girl Scouts, YWCA of Metropolitan St. Louis and the Heartland Division of the American Cancer Society. She is a long-time member of the Association of Fundraising Professionals, Council on Advancement and Support of Higher Education (CASE), the American Prospect Research Association (APRA) and the Southern Illinois Fund Development Association.

Space Still Available For FOTAD Trivia Night Jan. 14

3 January 2012, 12:06 pm

Space still remains for the 12 th Annual Friends of Theater and Dance (FOTAD) Trivia Night set for 7 p.m. Saturday, Jan. 14, at the James F. Metcalf Theater on the campus of Southern Illinois University Edwardsville.

FOTAD is a support organization for the SIUE Department of Theater and Dance. The doors will open at 6 p.m., with the game scheduled to begin promptly at 7. Proceeds from the event benefit FOTAD's student merit award fund for qualified SIUE students majoring in theater and dance at the University.

Winners of the competition will receive 1 st ($160), 2 nd ($80), or 3rd prize ($40) for scoring the most points per table. Reservations may be made for tables of eight. The evening will offer challenging trivia, during the regular question-and-answer sessions and during survivor trivia. Free popcorn and pretzels will be offered; also, soft drinks will be available for purchase.

Tickets are $10 per person; a table of eight, $80. A $40 deposit must be received by Jan. 13 to guarantee a table will be held. Make checks payable to the SIUE Foundation and send to Greg Conroy, 217 N. Buchanan St., Edwardsville, IL 62025-1740. To make reservations, call (618) 692-0874; participants must arrive by 6:50 p.m. or their reservation may be given away, unless a 50 percent deposit has been received.

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