Adam Smith Week

Adam Smith Week took place the week of March 10, 2015.  Some students from Dr. Wei Chen’s class acted as historical figures including: Plato, Gandhi, Queen Elizabeth I, Marie Curie, Martin Luther King Jr., Leonardo Da Vinci, Stalin, Joan of Arc, and Franklin D. Roosevelt for the Historical Quiz Bowl.  The students that acted as the historical figures quizzed the audience on important historical and economic events that occurred during the figures’ lifetime.  At the end of the night the audience tried to stump the historical figures, by quizzing the figures.  In addition, the Great Debate gave students an opportunity to hear from key economic figures including:  Adam Smith, Theodore Roosevelt, John Maynard Keynes, and Karl Marx.  Faculty members acted as the economic figures and then debated each other.  Adam Smith Week is devoted to bringing economics and history to life.

Finance Alumni Gathering March 26, 2015

Dr. Robert Atra is organizing a Finance alumni get-together at Jimmy B’s Ale House on Thursday, March 26.  All Finance alumni are invited to attend.  Please come casual to connect with old friends and meet new people.  Appetizers and soft drinks will be provided, and a cash bar will be available.  To RSVP, please email Dr. Atra by March 19th at For complete event details, please visit

March 26, 2015
6:30 – 8:30 p.m.
Jimmy B’s Ale House in Naperville
916 S. Rt. 59, Naperville, IL 60540

New Information Technology Student Group

The College of Business recently launched a new student organization.  ISACA (Information Systems Audit and Control Association)-Lewis University student organization is geared for students interested in protecting Information Security.  Information Security students requested a student organization.  Dr. Faisal Abdullah guided the students through the development of the organization.  The Lewis chapter is recognized by ISACA International and supported by the local ISACA Chicago chapter.  Specifically, this organization was established to enhance classroom learning, as well as provide opportunities to network with professionals.  Since the chapter is supported by the Chicago chapter, participants have the opportunity to connect with local professionals.  In addition, ISACA has approximately 110,000 members worldwide.  There are many objectives for the chapter, however students are primarily interested in honing their critical thinking and defense skills.  The Lewis chapter will compete in the Illinois State CSSIA State Competition at Moraine Valley Community College on February 21, 2015.

Mr. Bartley J. Madden Guest Speaker

Mr. Bartley J. Madden was a guest speaker at Dr. Atra’s Critical Thinking in Business seminar on Friday night, January 30th.  He spoke to the attendees about his recently published book, Reconstructing Your Worldview, which explores techniques for solving complex business problems.  The book has been described by Dr. Edmund Phelps, Nobel Laureate in Economics, as a “primer on what every businessperson in a dynamic economy needs to know about modern knowledge in economics, psychology and philosophy.”

Mr. Madden is a pioneer in the field of financial valuation having created the Cash Flow Return on Investment (CFROI) method of valuing firms.   His valuation work is explained in numerous books and articles he has written including CFROI Valuation – A Total System Approach to Valuing the Firm, published by Butterworth-Heinemann.  Mr. Madden’s other research is wide ranging, covering topics from business process improvement to expediting drug approval for critically ill patients.  His work on “free to choose medicine” has received praise from another Nobel Laureate in Economics, Dr. Vernon L. Smith.

New Partnership with the City of Albuquerque

The College of Business at Lewis University has partnered with the City of Albuquerque to provide training in project management. This partnership will prepare engineers at the City of Albuquerque to take the Project Management professional (PMP) Certification exam. The College of Business will provide the required courses to approximately 30 engineers.  All participants are required to have completed a four-year, bachelor’s degree.  Once the participants complete this training they will sit for the PMP certification exam.   All Lewis University Project Management courses and seminars are approved by the Project Management Institute (PMI) as Professional Development Units for the Project Management Professional (PMP®) certification. The courses qualify participants to take the PMP® Exam, a highly regarded credential awarded by the Project Management Institute (PMI®), the world’s leading association for the project management profession.

Wake Up & Dream

Ms. Kristin Nance, Director of the Lowell Stahl Center for Entrepreneurship and Real Estate, organized an informational session for students interested in starting and growing businesses, on January 28th.  The session was entitled Wake Up & Dream:  Create Your Own Career.  About 15 students attended the session.  Students had the opportunity to discover their strengths and talents for starting businesses.  During the session, students took an online strength assessment.  The assessment revealed talents and provided a personalized developmental report.

Upcoming Travel Opportunity for Students

Mr. Bob Bergman, Assistant Marketing Professor, will take eleven students on a Travel Study Trip to Las Vegas, Nevada the week of March 1, 2015.  The majority of students are business majors, however the trip was open to all Lewis University students.  The purpose of this trip is for students to gain real world business experience, as well as complete research.  Mr. Bergman and the students will: tour Zappos headquarters; take a behind the scenes tour of the Mandalay Bay from George Robinson, College of Business alumnus; tour the Las Vegas Convention and Visitors Authority, visit the Hoover Dam, and tour the Ethel M Chocolate Factory.  In addition, students will have the opportunity to complete three research projects, two related to marketing and one related to math and statistics.  Some students will present their research at the Celebration of Scholarship.  Specifically, one Celebration of Scholarship presentation will compare and contrast Las Vegas to Macau, China.  Macau and Las Vegas are competitors.  Another Celebration of Scholarship presentation will focus on the marketing of Las Vegas panhandling.  Mr. Bergman is looking forward to exposing students to a multitude of different business experiences, executive presentations, and research opportunities.  He is also looking forward to the warm weather.

Thank You Fr. Kevin Spiess

Fr. Kevin Spiess is retiring as a full time Professor at the end of the fall 2014 semester. He has been a dedicated College of Business faculty member for the last 42 years and has taught more than 5,000 students. Fr. Spiess began teaching in the College of Business in 1979. He has also taught in the Education and Religious Studies departments at Lewis University. He has earned his undergraduate degree from Lewis University, as well as many advanced graduate degrees, including a doctorate degree from Harvard University.

Additionally, Fr. Spiess has a plethora of professional, pastoral, and higher education experiences.  Fr. Spiess worked at various colleges and universities over the years, including Harvard University and the University of Notre Dame. He has earned numerous honors and awards.

Furthermore, Fr. Spiess served as Lewis University’s Dean of the College of Business from 1979-1984. During his tenure as Dean: Marketing, Management Information Systems, and Management majors were added to the College; the MBA Program greatly expanded; as well as increased undergraduate enrollment. In addition, Fr. Spiess established the Graduate School of Management with campus sites in Oak Brook, Schaumburg, and Naperville. Currently, he is the Director of the Master of Science in Management Program and the Director of the Master of Science in Project Management.

In addition, Mr. James Denny, a noted philanthropist established $100,000 endowment in Fr. Spiess’ name, which will be used to provide an annual lecture in ethics, morals, and management. During Ethics Week, a national speaker will be brought in to discuss the important roles of business ethics. Fr. Spiess advocates for business ethics.

Some former students of Fr. Spiess include distinguished Lewis University administrators: Luigi Amendola, Associate Vice President for University Advancement; Joseph Falese, Senior Vice President for Student Services and Special Assistant to the President for Alumni Development; and Michael Progress, Assistant Dean, College of Business; as well as presidents and officers in other organizations and businesses. Fr. Spiess also served as President of national organizations, as well as, the Chief Operating Officer of the Archdiocese of Chicago Administrative Offices.

Mr. Amendola said Fr. Spiess required students to be metacognitive. Mr. Falese stated, “Fr. Spiess is a top-notch educator. He was always very innovative and ahead of his time.” Lastly, Mr. Progress appreciates that Fr. Spiess requires students to connect with business professionals, which illustrates the importance of networking.

Fr. Spiess will be greatly missed. However, Fr. Spiess will continue occasionally as an adjunct professor teaching courses and seminars. Thank you, Fr. Spiess, for your dedication and commitment to Lewis University and the College of Business.

Thank You Mr. Regal

Mr. Arthur Regal is retiring at the end of fall 2014 semester.  He has been a dedicated College of Business faculty member for the last 26 years.  Before Mr. Regal began his career at Lewis University he worked for 18 years with a number of national firms in a variety of marketing roles.  Most notably, Mr. Regal expanded Lewis University’s American Marketing Association (A.M.A.) chapter.

The A.M.A. connects academia and college students with marketing professionals.  Mr. Regal began working with the already established student chapter in the late 1980’s.  Although a relatively small organization at the time, the chapter has grown to about 30 marketing and non-marketing members today. Mr. Regal organized the chapter’s corporate visit program which provides students the opportunity to visit area businesses, network with professionals, and gain real world experience. In addition, Mr. Regal created the A.M.A. “Dinner with the Alumni” banquets.  The banquets provide an opportunity for students to network with alumni and learn more about marketing careers, in a professional atmosphere.

When former students were asked to describe what it was like to have Mr. Regal as professor, many students described Mr. Regal’s work with the A.M.A.  Sean Griffin stated, “As a moderator of the American Marketing Association (A.M.A.), he also routinely organized trips to various companies.  Exposing students to corporations was very helpful because it allowed students to see marketing at work firsthand.  I thought this was very educational and helped breathe new life into the classroom.”  Jonathan Hicks described Mr. Regal as a person passionate about marketing, a wonderful teacher, and an inspiring mentor.  Elena Russell said, “Mr. Regal’s ability to combine textbook knowledge with real world examples has made him an excellent professor. His kindness and caring has allowed him to teach students on a different level, because he truly cares about students finding careers in their field after graduation and has helped give them the tools to do so.”  Josh Resto stated, “There aren’t enough words to describe how awesome Professor Regal is, thank you!”  Lastly, Blake Oberc stated, “He [Mr. Regal] helped all College of Business students, interested in marketing, learn that academia combined with real world experience will allow a student to have a much more technical understanding of their discipline which can ultimately translate to success in the workforce.  While there is so much to be grateful for and appreciate, I can only say one thing to Professor Art Regal, ‘Thank you.’”

Mr. Regal will be greatly missed.  Thank you, Mr. Regal, for your dedication and commitment to Lewis University and the College of Business.

President of OCC Visit

On November 25th, Michael McClain, President of the Options Clearing Corporation (OCC) in Chicago, spoke with MBA and MSF students in Dr. Frank Rose’s Derivatives II class. Mr. McClain holds a BA in Management Information Systems from Lewis University. The OCC clears and processes all trades at the 12 options exchanges in the U.S.

Mr. McClain described and answered students’ questions about roles of the OCC in the U.S. financial markets, how trade processing and risk management operations are conducted, regulatory issues in the financial markets, and his career progression since graduating from Lewis University’s College of Business in 1991.