Spring 2013

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Welcome to the latest edition of the Else School of Management E-Newsletter!


Look for Else Business in your inbox every quarter to keep you up to date on Else School of Management happenings. Feel free to pass this e-newsletter on to other alumni or friends who might be interested; And we want to hear from you, too. Please forward alumni news, comments, or ideas to elsenews@millsaps.edu.

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Wilson Fund Team Places in Competition

The Millsaps-Louis Wilson Fund team was among top teams in the Mid-South Research Challenge that was recently hosted in Memphis by CFA Society Arkansas, CFA Society Memphis and CFA Society Mississippi.

The Millsaps-Louis Wilson Fund team was among top teams in the Mid-South Research Challenge that was recently hosted in Memphis by CFA Society Arkansas, CFA Society Memphis and CFA Society Mississippi.

The team finished second in a field of eight teams.

The Millsaps 2013 team members include MBA students Zach Cunningham, Kegan Joplin, and Mary Elizabeth O'Leary and seniors Will Burch and Jake Sherrington.  Julius Ridgeway, CFA and Millsaps MBA graduate now working with Medley and Brown, acted as industry mentor for the team.

The challenge required student teams to present their buy/sell/hold recommendations and their analysis of Chicago Bridge and Iron (CBI). Team presentations were the culmination of three months of research, interviews with company management, competitors, and clients, presentation training, and evaluation. The team’s written report counted for half of its score, and its oral presentation and Q&A counted for the other half.

In 2011 the Millsaps team was among the final three. Last year’s team from Millsaps finished in the final four teams.

 


 

Else School Adds Entrepreneurial Investment Fund

Else School Adds Entrepreneurial Investment Fund

As part of the ELSEWorks entrepreneurship initiative, our faculty and students now participate in an Entrepreneurial Investment Fund. Dr. David Culpepper, ELSEWorks Faculty Chair and Professor of Accounting and Entepreneurship, recently answered some questions about the Fund.

How does the ELSEWorks Entrepreneurial Investment Fund differ from the Wilson Fund?
The Wilson Fund invests primarily in publicly traded securities; whereas, the ELSEWorks Entrepreneurial Investment Fund focuses upon illiquid, non-public companies - some of which are start-up or early stage.

What are the goals and objectives of the Entrepreneurial Investment Fund?
The Fund plans to invest in a variety of entrepreneurial private equity ventures by canvassing and screening a large array of investment opportunities across multiple industries and selecting those that maximize tradeoffs between perceived risk and return.

Ultimately, the Fund’s goal is to hold eight to twelve investments at a time. The Fund expects a typical investment holding period of two to four years with exit strategy typically via IPO or acquisition. One of the primary goals of the Fund is to involve Else School students in the Fund’s activities, providing them with a rich, hands-on learning experience, and exposing them to the world of private equity and the critical role it plays in capital, wealth, and job creation. While there are a few of these types of funds which focus on non-public companies in colleges and universities, it is particularly unusual to find one in a college our size in which both graduate and undergraduate students have opportunities for involvement.

What kinds of companies is the Fund invested in?
The Fund is primarily focused on, but not limited to, entrepreneurial start-up firms, including seed stage, early stage, and expansion/mezzanine stage investments. While not limited geographically, the Fund considers and evaluates Mississippi-based opportunities. The Fund currently holds investments in various sectors including computer networking technology, medical devices/pharma, renewable energy technology, and hospitality services. One company is headquartered in Mississippi and some others have significant connections to Mississippi.

How do students participate in the Fund?
Students apply what they have learned in their entrepreneurial and other coursework by researching, evaluating, forecasting, and performing due diligence on various investment opportunities, as well as monitoring the progression of companies through the various stages of growth and maturity, including liquidity. Students also participate in the evaluation of the legal, tax, valuation, and regulatory challenges faced by these companies as well as the evaluation of the entrepreneurial/management team, marketing plan/market potential, intellectual property/competition, and the business plan. To date, our students have participated in the hosting of various companies’ management teams and Angel Investors on campus to observe and participate in the capital raising process.

 


 

Accounting Grads Pass CPA Exam

These Else School alums passed their CPA exam and were sworn in last fall in a ceremony at the Capitol Building.  From left to right they are Lee Klein, Liz Smith, Julia Jesuit, Laura Gillenwater, Angela Pesnell, Jeremy Miller and Kenya Collier.

These Else School alums passed their CPA exam and were sworn in last fall in a ceremony at the Capitol Building.
From left to right they are Lee Klein, Liz Smith, Julia Jesuit, Laura Gillenwater, Angela Pesnell, Jeremy Miller and Kenya Collier.

 


 

Read this story about newsmaker and Millsaps MBA graduate in the Mississippi Business Journal, "Keeping an Eye on Lauren Smith"

 


 

Steve Rogers Joins Else School as Executive-in-Residence

Steve Rogers Joins Else School as Executive-in-Residence

The Millsaps College Else School of Management is pleased to announce that Steve Rogers, managing member of Rogers and Associates, LLC, has joined the Else School as an executive-in-residence. Rogers and Associates, LLC focuses on providing specialized solutions for principals and institutional owners in the real estate industry and board level advisory work on a local and national basis.

Before establishing Rogers and Associates, Rogers led Parkway Properties as president and chief executive officer from its early development through its move to the New York Stock Exchange and the S&P 600 Small Cap Index with assets under management having nearly two billion dollars in value. He currently serves on the boards of RREEF America REIT, First Commercial Bank where he chairs the Investment Committee and the Walker Companies. He received a Bachelor of Arts magna cum laude from the University of Mississippi and a Master of Business Administration, with first year honors, from Harvard Business School.

Rogers has served in a leadership capacity for numerous community, political and business organizations. He has served as co-chair of the Mississippi Museum of Art, chair of the State YPO and president of the Andrew Jackson Council of the Boy Scouts. Gov. Haley Barbour appointed him finance chair of the Capitol City Convention Complex.

Dr. Kimberly G. Burke, dean of the Else School, said Rogers brings a wealth of business experience and also an interest in developing young business leaders. “We are extremely fortunate to have Steve serve as an executive-in-residence,” she said. Rogers will teach in the Executive MBA program and assist Else School faculty and students, who are involved in the creative economy initiative under way in the Midtown neighborhood. As part of that initiative, the Robert N. Hearin Foundation awarded the College a $300,000 grant to assist in the development of a business incubator in Midtown. Rogers will also work with the College on strategic initiatives regarding its real estate.

“I am very pleased to be able to serve the Else School at Millsaps and to work with Dean Burke, Howard McMillan and the other faculty on the many initiatives under way today,” Rogers said.

Howard L. McMillan Jr. , current executive-in-residence and a former dean at the Else School, said he looks forward to working with Rogers. “With his vast business experience and contacts around the region and the country, he will be an invaluable asset to our faculty and students,” he said.

Rogers is married to the former Anne Wells. They have four children.

 


 

Calendar Notes

The Millsaps Else School of Management MBA and EMBA programs will be holding several recruiting events in the coming months. Please share these events with friends who might be interested in furthering their business education with the Else School. For more information, or to RSVP for any events, please visit our website at www.mba.millsaps.edu.

Tuesday, March 21, 2013
11:30am - 12:30pm

Come Lunch and Learn about our graduate programs.
Sal & Mookies, Jackson, MS

Saturday, April 12, 2013
8:00am - 11:30amĀ 
Visit an EMBA Class

Murrah Hall, Millsaps Campus

Tuesday, June 4, 2013
5:30pm - 7:30 pm

Informal MBA/EMBA Information Session
River Hills Club, Jackson, MS

Eatin With Else
Come join your friends and fellow Millsaps alumni for Eatin’ with Else! We have two exciting programs lined up this spring. RSVP to Jane Harkins at jane.harkins@millsaps.edu or call 601-974-1250.

Wednesday, February 27, 2013
11:30am

Rick Cleveland, Executive Director of the Mississippi Sports Hall of Fame, will speak.
Nick’s in Fondren
Cost is $10

Friday, May 3, 2013
11:30am

The ElseWORKS team will bring us up to date on their activities at at
Nick’s in Fondren

 


 

Millsaps College MBA

Millsaps College wants you back on campus as a graduate student. The Else School of Management waives the GMAT requirement for Millsaps alumni with a 3.0 GPA and three years professional work experience. All of our MBA courses are offered at night, and the Executive MBA classes meet every other weekend for 16 months. So you can keep your current job while elevating your career. Our national-caliber faculty teaches you to think like a leader. And our excellent reputation creates
opportunity throughout the business world. Talk to us about scholarships - and ask your employer about tuition assistance.
Welcome back. Now let's advance your career. Contact us at 1-800-352-1050 or mbamacc@millsaps.edu.

 

 

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