W.P. Carey Autumn 2024

W. P. Carey Autumn 2024 logo
Autumn 2024
W. P. Carey Indigenous Land Acknowledgement
The W. P. Carey School of Business acknowledges the 22 Tribal Nations that have inhabited this land for centuries. Four of Arizona State University’s campuses are located in the Salt River Valley on ancestral homelands of many Indigenous peoples, including the Akimel O’odham (Pima) and Pee Posh (Maricopa), whose care and keeping of these lands allows us to be here today and provides a guide for our relationship with these lands in the future. W. P. Carey acknowledges the sovereignty of these tribal nations and seeks to foster an environment of success and possibility for American Indian students and to work alongside Indigenous people in business practices and knowledges that support Native experiences and prosperity.

Dean’s Letter

Ohad Kadan smiling in suit with rectangular prescription glasses on
To the W. P. Carey community,
It has been an absolutely packed year since our last W. P. Carey magazine—we have a lot to share.

One of the many benefits of working at the most innovative university in the country is the speed with which we embrace broader change. The W. P. Carey School of Business is leading the way on integrating state-of-the-art technology in business education and research. To this end, the focus of this magazine edition is on artificial intelligence (AI).

Our alumni share this tendency toward pushing boundaries in business. Read about their new companies leveraging advancements in AI, their leadership in disruptive organizations, and their commitments to transforming disciplines such as health care, human resources, agriculture, and law. They are making us incredibly proud!

We are additionally honored to continue growing the relationship between the W. P. Carey Foundation and the W. P. Carey School of Business. Together, we’re turning our attention to a prevalent local and national education opportunity in real estate. Thanks to a recent $25 million gift from the Foundation, we are embarking on a vision for a new real estate undergraduate degree, the recently named W. P. Carey Center for Real Estate and Finance, and our ability to attract top academic and educational minds in this space. Long term, these investments will place our school as a global leader in real estate education, at the intersection of academia and real-world practice.

We also continue to offer new degree opportunities that meet market needs, including our master’s and bachelor’s degrees in AI in business, online master’s degree in accountancy and data analytics, and bachelor’s degree in fintech.

These accomplishments reflect you—the collaborative W. P. Carey community who mentor students, support our programs, and so much more. Thank you for another year of Sun Devil pride!

A digital signature mark of Ohad Kadan
Ohad Kadan
Charles J. Robel Dean
Professor and W. P. Carey Distinguished Chair in Business
W. P. Carey School of Business
Arizona State University
P.S.
Tag us on LinkedIn and let us know what you enjoyed in this issue.

Overheard From Faculty, Students, and Alums

Members of the W. P. Carey community share their thoughts on AI.
Editor’s note: Posts have been edited for length and clarity.

Larry Lunetta

(MBA ’79)

It’s great to see ASU and W. P. Carey out in front on these AI journeys. As all organizations are discovering, the most successful AI outcomes start with understanding the problem to be solved, followed by data science. It’s no surprise that this comes from the business school as AI becomes a powerful arrow in the management quiver.

Renee Jackson

(BS Business Administration ’05)

Embrace Al or be left behind!

Shivani Paunikar

(MS-BA ’23)

Coupling Al’s insights with personal understanding is pivotal.

Adam Valeiras

(MBA ’24)

High school and beyond should encourage students to embrace generative AI as a tool—not to replace learning but to supplement it. The unknown applications and implications are scary, but we’ll fall behind in simple yet meaningful ways if we don’t.

Jen Marey

(BS Accountancy/Finance ’19, MBA ’25)

As my proficiency in business continues to expand, I am excited to dive deep into the world of data and uncover the advantages I can gain by implementing advanced machine learning, artificial intelligence, and other state-of-the-art methodologies of big data.

professor of management and entrepreneurship and Jerry B. and Mary Anne Chapman Professor in Business

I want to provide a learning experience that mirrors the realities professionals face in the workforce. I am watching my oldest son, Skylar Certo (who coincidentally told me about ChatGPT before I read about it anywhere), enter the workforce after college as a commercial real estate analyst. He is using AI platforms every day to improve his efficiency. We must help our students learn to use this new technology, and banning AI does our students a disservice. We are all trying to figure out how AI makes us better, and our responsibility is to help our students in that endeavor.

w. p. carey logo
W. P. CAREY MAGAZINE
Volume 12, Issue 1, Autumn 2024

Ohad Kadan
Dean, W. P. Carey Distinguished Chair in Business, Charles J. Robel Dean’s Chair

Colin Boyd
Executive Director, Marketing and Communications

Sarah Allender
Director of Alumni Engagement

Theresa Shaw
Assistant Director of Alumni Relations

W. P. Carey Alumni
wpcarey.asu.edu/alumni

Facebook
facebook.com/wpcareyschool

LinkedIn
wpcarey.asu.edu/linkedin

Managing Editor
Shay Moser

Senior Creative Director
Tim Debevec

Photographer
Shelley Valdez

Staff Contributors
Emily Beach, Perri Collins, Langston Fields, Renee Joseph, Molly Loonam, Kasey McNerney, Tiana Morgan, Hannah O’Regan

Contributors
Joe Bardin, Claire Curry, Melissa Crytzer Fry, Jane Larson, Betsy Loeff, Teresa Meek, Sam Mittelsteadt, Alice Popovici, David Schwartz, George Spencer, Jennifer Daack Woolson

Editorial correspondence should be addressed to:
Managing Editor
W. P. Carey School of Business
Arizona State University
PO Box 872506
Tempe, AZ 85287-2506

Changes of address and other subscription inquiries can be emailed to: editor.wpcmagazine@asu.edu

W. P. Carey magazine is a publication of the W. P. Carey School of Business at Arizona State University © 2024

Send editorial submissions and letters to: editor.wpcmagazine@asu.edu

The banker on horseback

From rancher to regulator, this alum’s ride through agribusiness and public service kept him grounded in leadership and integrity.
BREATHING NEW LIFE INTO LAW

As an attorney and entrepreneur, this alum helps legal professionals redefine success.
FROM FRANCE TO ASU TO SINGAPORE, a marketing career spans the globe

An alum’s international education has helped him pivot and learn the nuances of new environments.
A healthy bottom line

Faculty and alums share favorite insights to help you invest in yourself. The payoffs are big!
THE AI REVOLUTION: Beyond the Industrial Age into uncharted territories

Experts highlight AI’s transformative potential and the urgent need to address emerging ethical and societal challenges.
man wearing cowboy hat, long sleeve button up, and belt on denim jeans during sunset
The banker on horseback

From rancher to regulator, this alum’s ride through agribusiness and public service kept him grounded in leadership and integrity.
woman meditating with prayer hands
BREATHING NEW LIFE INTO LAW

As an attorney and entrepreneur, this alum helps legal professionals redefine success.
Singapore bridge with skyscraper behind it
FROM FRANCE TO ASU TO SINGAPORE, a marketing career spans the globe

An alum’s international education has helped him pivot and learn the nuances of new environments.
person with hands in the air with sun peeking through
A healthy bottom line

Faculty and alums share favorite insights to help you invest in yourself. The payoffs are big!
AI brain digital graphics
THE AI REVOLUTION: Beyond the Industrial Age into uncharted territories

Experts highlight AI’s transformative potential and the urgent need to address emerging ethical and societal challenges.
ALL THINGSWPC
W.P. Carey School of Business sign on short outdoor concrete wall
aerial view of ASU campus during sunset
ASU campus buildings
W.P. Carey School of Business sign on short outdoor concrete wall

$25 million from W. P. Carey Foundation bolsters real estate programs

ASU is the recipient of more than $100 million in lifetime giving to continue William Polk Carey’s legacy

“A true partnership goes beyond just a monetary transaction, as it has to be rooted in shared vision, goals, and values,” says Ohad Kadan, Charles J. Robel Dean and W. P. Carey Distinguished Chair in Business. “The W. P. Carey Foundation is a partner to us in that way.”

The Foundation, which donated a $50 million naming gift to the school in 2003 and an additional $25 million in 2019, announced an additional commitment of $25 million earlier this year. The gift will contribute to building the real estate programs and attracting renowned faculty to the W. P. Carey School.

“We are pleased to continue our support of the W. P. Carey School of Business at ASU with the launch of the W. P. Carey Center for Real Estate and Finance,” says William P. Carey II, chairman of the W. P. Carey Foundation.

ALL THINGSWPC

AI in Business Club

preps students for tech-driven future

ASU’s AI in Business Club provides graduate students the opportunity to explore how artificial intelligence can improve efficiency and adaptability in business, learn about emerging technologies, and engage in discussions about ethical considerations. Co-founded this spring by club President Jen Marey (BS Finance/Accountancy ’19, MBA ’25) and Vice President Houston Holohan (BS Finance ’20, MBA ’25), the club now boasts more than 80 members, representing various graduate degrees.

“In class, we discussed artificial intelligence’s impact on our careers, and while I had used generative AI personally, I began to think about its professional applications,” says Marey. “I saw an opportunity for students to learn how to strategically apply this technology in business. After speaking with Houston, we created the AI in Business Club to explore how it enhances efficiency and adaptability while fostering conversations about ethics, tools, and insights from industry leaders.”

The club hosts technical workshops, speaker events, and networking opportunities with industry professionals and ASU academics to help members develop a technical understanding of artificial intelligence advancements while facilitating discussions on the equitable use of emerging technologies. The club is also partnering with several industry technology partners, professors, and student-led startups this year to provide members with practical examples of AI use and opportunities to strategize how it can be used to develop new products.

“AI represents a shift in how organizations do business,” says Holohan. “This club provides students with opportunities to learn how this technology is transforming traditional roles, hear from industry professionals, and participate in hands-on workshops with these tools.”

Houston Holohan headshot
In my finance coursework, I have to remember a lot of formulas for case studies, valuation analyses, and exam prep. ChatGPT and Microsoft Copilot have made this significantly easier by providing constant access to the formulas, their theories, and simplified applications.
Houston Holohan
(BS Finance ’20, MBA ’25)
Every semester, I create a Google Sheets tracker for all my classes and assignments. I used to manually type all the information from the syllabus, but with effective prompting, ChatGPT now completes this for me in a fraction of the time.
Jen Marey
(BS Finance/Accountancy ’19, MBA ’25)
Jen Marey headshot
Students can join the AI in Business Club to explore emerging technologies and shape the future of business: aibusinessmba@gmail.com
ALL THINGSWPC
AACSB Accredited logo

W. P. Carey upholds prestigious AACSB accreditation after rigorous reevaluation

For more than 60 years, W. P. Carey has maintained accreditation by the Association to Advance Collegiate Schools of Business (AACSB)—the most prestigious and longstanding accreditation available for business schools. AACSB accreditation gives students distinct competitive career advantages, and business schools and their programs are evaluated against nine accreditation standards, including strategic planning, curriculum development, teaching effectiveness, high-quality scholarship, and societal impact. Accreditation can take up to five years to obtain, and AACSB now reevaluates schools every six years to ensure the program’s level of quality is maintained.

Beginning in early 2023, dozens of W. P. Carey faculty and staff started the extensive reevaluation process by compiling a detailed report demonstrating how the school’s initiatives deliver on W. P. Carey’s promise of “doing good while doing well” through critical areas of focus, which include entrepreneurship and innovation, business resiliency, artificial intelligence, globally oriented curriculum, and leading the creation and dissemination of environmental, societal, and governmental knowledge as it relates to business. The reevaluation process concluded with an on-site visit to the ASU Tempe campus this spring.

RSVP for alumni events

Learn what’s coming up and register: wpcarey.asu.edu/alumni-events
ALL THINGSWPC
W. P. Carey Launches First AI Business Graduate Degree in Nation

W. P. Carey Launches First AI Business Graduate Degree in Nation

W. P. Carey Launches First
AI
Business Graduate Degree in Nation
black lines dividing image of Pei-yu “Sharon” Chen and Dan Mazzola showing only 3/4 of their bodies with a yellow color overlay
black lines dividing image of Pei-yu “Sharon” Chen and Dan Mazzola showing only 3/4 of their bodies with a yellow color overlay
Over the past few years, artificial intelligence (AI) technologies have revolutionized how we teach, learn, research, and work. But as AI evolves, higher education must keep pace by not only training students for careers in a constantly evolving business landscape but also preparing future leaders to take mindful approaches to harnessing the power of emerging technologies.

“As we advance technologically, we must remain vigilant about the sustainability of our actions and their effects on society,” says Pei-yu “Sharon” Chen, information systems (IS) chair and Red Avenue Foundation Professor.

In response to these changes, this fall, W. P. Carey debuted the Bachelor of Science in AI in Business and Master of Science in AI in Business (MS-AIB) degrees at the Tempe campus. The bachelor’s degree in AI in Business will equip students with the technical AI and business skills required to succeed in the evolving landscape of technology and information systems while leveraging AI mindfully to deploy it successfully within a business. The MS-AIB program—the first AI business graduate degree in the U.S.—teaches students the technical and managerial skills they need to implement AI into various business scenarios and encourages future leaders to use AI ethically and in ways that enhance societal well-being.

ALL THINGSWPC

Cutting-edge FAR Lab boosts financial education

group of people gathered for a ribbon cutting ceremony
charles schwab foundation logo
In May 2024, the W. P. Carey School celebrated a ribbon-cutting for the Charles Schwab Foundation Financial Access and Research (FAR) Lab, an innovative space for students to utilize advanced finance tools, such as Bloomberg Terminals. The terminals offer comprehensive data, news, and analytics across all market sectors, featuring 24-hour subscription access to financials, historical market data over 20 years, charts, statistics, communications, and current news. The FAR Lab enables W. P. Carey students to prepare for wide-ranging careers in finance, including banking, asset management, advisory, and corporate finance functions. Students will also use the space for peer-to-peer coaching.

The school was honored to welcome several guests to the opening, including Bernie Clark, head of Advisor Services and managing director at Charles Schwab, and Arizona State Treasurer Kimberly Yee.

“Schwab has been such a wonderful partner to the school, and we’re thrilled by the new capabilities the FAR Lab offers students,” says Laura Lindsey, chair of the Department of Finance and Cutler Family Endowed Professor. “The lab is a flagship space for us where we can expose new students and members of our community to the opportunities available in finance-related careers.”

Learn more about W. P. Carey’s finance programs at wpcarey.asu.edu/finance.
ALL THINGSWPC

Personal finance certificate for teachers enhances financial literacy

woman smiling while wearing earbuds and typing on a laptop
W. P. Carey has partnered with Next Gen Personal Finance (NGPF), a nonprofit organization dedicated to improving the next generation’s financial lives by providing educators with engaging curriculum and professional development opportunities. Together, they have created a personal finance certificate program on financial literacy for K-12 teachers. Enhancing teachers’ personal finance knowledge is essential to educating students and the community, and the program builds on W. P. Carey’s mission to support financial inclusion, financial literacy, and responsible investing.

During the inaugural fall 2023 semester, 116 students enrolled in the program’s two three-credit online courses—Investment Management for Educators and Risk Management for Educators, which students can apply toward a graduate degree program. W. P. Carey added a Psychology and Teaching for Educators course to the certification this fall. Since launching, 333 students have participated in the program.

To increase program accessibility for educators, each student in the inaugural cohort received a full scholarship from NGPF. The investment banking company Edward Jones sponsored the spring 2024 cohort. Edward Jones created a financial fitness initiative to promote financial resiliency and literacy for its customers and the broader community through skill development.

“More students and young people are becoming financially literate, making better decisions, and creating better lives for themselves and their families,” says W. P. Carey Director of Development Ronnie Burton. “Giving high school teachers the ability to financially educate their students creates a virtuous cycle in terms of community impact.”

ALL THINGSWPC
woman in business attire seated while typing on a laptop

Introducing the new Online MACC degree

W. P. Carey is always looking for new avenues to deliver its highly ranked degree programs and make education as accessible as possible. One example is the newly launched Online Master of Accountancy and Data Analytics (Online MACC) degree.

W. P. Carey designed the Online MACC with flexibility and inclusion in mind. The program consists of on-demand and live classes taught by the same expert faculty as the on-campus program. This flexibility allows students to work and take courses while forming meaningful connections with faculty and classmates.

Individual courses are also available for students not interested in pursuing the full Online MACC, providing further flexibility for anyone seeking professional growth or preparing to become a certified public accountant (CPA).

“The option to take as many or as few Online MACC courses as you want is a great feature of the program,” says Phil Lamoreaux, professor and interim director of the School of Accountancy. “Many students need additional courses to become CPA-eligible and want to start their careers with some of the valuable skills offered in the program but aren’t in a position to participate in the entire program. This flexible format allows students to customize the program to their needs.”

Introducing the new Online MACC degree

W. P. Carey is always looking for new avenues to deliver its highly ranked degree programs and make education as accessible as possible. One example is the newly launched Online Master of Accountancy and Data Analytics (Online MACC) degree.

W. P. Carey designed the Online MACC with flexibility and inclusion in mind. The program consists of on-demand and live classes taught by the same expert faculty as the on-campus program. This flexibility allows students to work and take courses while forming meaningful connections with faculty and classmates.

Individual courses are also available for students not interested in pursuing the full Online MACC, providing further flexibility for anyone seeking professional growth or preparing to become a certified public accountant (CPA).

“The option to take as many or as few Online MACC courses as you want is a great feature of the program,” says Phil Lamoreaux, professor and interim director of the School of Accountancy. “Many students need additional courses to become CPA-eligible and want to start their careers with some of the valuable skills offered in the program but aren’t in a position to participate in the entire program. This flexible format allows students to customize the program to their needs.”

Discover the Online MACC degree at wpcarey.asu.edu/online-macc.
ALL THINGSWPC
professor sunil wahal leaning against podium while speaking to his audience

W. P. Carey conference explores sustainable investing

A group of academics and practitioners gathered in March for the W. P. Carey School of Business Center for Responsible Investing (CRI) conference: “The Science Behind Responsible Investing: Knowns and Unknowns in Climate, Biodiversity, and Governance.”

Sunil Wahal, Furst Endowed Professor of Finance and director of the CRI, kicked off the conference, saying, “Our goal for this inaugural conference was to bring together the generators of the science behind responsible investing and practitioners who create and consume responsible investment strategies.”

The room was full of researchers and professionals, representing decades of research in a variety of fields and billions of dollars in investment capital. Bringing together academics and those actively working in finance or financial services is vital to the CRI’s goals.

“The work we do at the CRI stems from a belief that investments can have indirect costs and benefits that may not be reflected in an asset’s price and that these ‘externalities’ can have societal effects,” Wahal said. “From that belief, we encourage and enable collaboration between academic researchers and practitioners.”

W. P. Carey conference explores sustainable investing

A group of academics and practitioners gathered in March for the W. P. Carey School of Business Center for Responsible Investing (CRI) conference: “The Science Behind Responsible Investing: Knowns and Unknowns in Climate, Biodiversity, and Governance.”

Sunil Wahal, Furst Endowed Professor of Finance and director of the CRI, kicked off the conference, saying, “Our goal for this inaugural conference was to bring together the generators of the science behind responsible investing and practitioners who create and consume responsible investment strategies.”

The room was full of researchers and professionals, representing decades of research in a variety of fields and billions of dollars in investment capital. Bringing together academics and those actively working in finance or financial services is vital to the CRI’s goals.

“The work we do at the CRI stems from a belief that investments can have indirect costs and benefits that may not be reflected in an asset’s price and that these ‘externalities’ can have societal effects,” Wahal said. “From that belief, we encourage and enable collaboration between academic researchers and practitioners.”

Learn more at cri.wpcarey.asu.edu.
ALL THINGSWPC

ASU Leads AI Integration in Academia with OpenAI Partnership

ASU announced its collaboration with OpenAI in January, setting a precedent for how the university will implement artificial intelligence (AI) and large language learning models into teaching, learning, and research while building on ASU’s commitment to exploring AI in all forms. As the first institute of higher education to collaborate with the research and development company behind ChatGPT, the university was provided with a private ChatGPT instance—a more secure, separate version of the large language model from the public version. ASU faculty and staff also had the unique opportunity to submit proposals to the AI Innovation Challenge to leverage ChatGPT Enterprise in their work and research.

The university received more than 175 proposals in the first round of applications, accepted 105, and issued more than 800 ChatGPT Enterprise licenses to employees from 14 of ASU’s 17 schools, colleges, enterprise units, and teams. ASU selected six proposals from W. P. Carey employees.

During a W. P. Carey “Coffee, Tea, and ChatGPT” series event, which brought university employees together to discuss generative AI and ChatGPT’s impact on teaching and learning, six W. P. Carey license recipients shared how they’re using the technology in supply chain, economics, business, and information systems (IS) to investigate risk-sensing, collect exclusions of non-generally accepted accounting principles (non-GAAP), conduct commodity strategic analysis, avoid decision-making biases, and develop AI’s applications in curriculum, teaching, learning, and the student experience.

ALL THINGSWPC
Mel Collins, Rob Maloney, and Catherine Phillips
Mel Collins (MBA ’25)
Rob Maloney (MBA ’22)
Catherine Phillips (MBA ’24)

The Power of Connection: Modernizing the MBA

The Power of Connection:
Modernizing the MBA
Good business leaders know how to connect with their employees, other organizations, and their communities. They lead with empathy and authenticity and encourage others to share their ideas and build a better future together.

The W. P. Carey School of Business has modernized its MBA with this in mind—leveraging intentional high-touch programming to ensure students see firsthand how powerful connection can be in driving organizations to do great things. Our transformative Connected MBA curriculum and experience shape students into leaders who do, build, and catalyze.

Do: Learn by doing. Practice new skills in a supportive environment and spark connections with classmates and faculty.

Build: Make an impact, establish your thought leadership, and create a career path on your terms.

Catalyze: Become an action-oriented, connected leader with strong human skills.

ALL THINGSWPC

from classroom to coffee shop:

Students brew business skills in virtual reality

What if students could learn about business challenges and processes from real-world scenarios without leaving the classroom?

Students in ASU’s Planning and Control Systems for Supply Chain Management class had the opportunity to do so last fall while piloting W. P. Coffee, a virtual reality immersive classroom experience.

The program, set in a virtual coffee shop, teaches students about operational capacity management. It allows them to purchase and discard coffee machinery, invest in additional staff to improve efficiency, and change the shop’s appearance. At the same time, the simulation provides live updates on how the decisions affect the shop’s finances and net profit.

“Simulations turn theory into experience, making learning a dynamic journey where mistakes become steppingstones to understanding,” says Hailee Griesenbrock (BS Business Entrepreneurship/Supply Chain Management ’24), one of the 59 pilot class participants.

The W. P. Coffee pilot program builds on W. P. Carey’s initiatives to leverage AR (augmented reality) and VR (virtual reality) technologies to enhance student learning and become leaders in using them.

“It’s amazing to see how much we were able to accomplish in a year,” says Dan Gruber, associate dean for Teaching and Learning, clinical professor of management and entrepreneurship, and college catalyst for principled innovation, who co-leads and co-coordinates the school’s faculty- and student-led AR and VR initiatives alongside Thomas Kull, professor of supply chain management.

“We strived to create a platform for building various learning objectives and modalities while also creating worlds the students could relate to,” Kull says.

Students read a case study to prepare for the W. P. Coffee experience. While in the simulation, they wore headsets and hand sensors and altered the shop via pop-up displays on their virtual desktops.

Antonios Printezis, clinical assistant professor of supply chain management, talked students through the experience from a studio down the hall and adjusted shop variables to highlight class learnings.

“I think VR has a lot of exciting applications, especially when you can instantly transfer students to places that otherwise may be impractical or impossible to visit,” says Printezis.

Gruber and Kull introduced VR immersive classroom experiences into W. P. Carey courses this fall, and they’ll implement more during the 2025 academic year, including a bottling factory, a health care facility, and a boardroom experience, in addition to W. P. Coffee.

ALL THINGSWPC

from classroom to coffee shop:

Students brew business skills in virtual reality

What if students could learn about business challenges and processes from real-world scenarios without leaving the classroom?

Students in ASU’s Planning and Control Systems for Supply Chain Management class had the opportunity to do so last fall while piloting W. P. Coffee, a virtual reality immersive classroom experience.

The program, set in a virtual coffee shop, teaches students about operational capacity management. It allows them to purchase and discard coffee machinery, invest in additional staff to improve efficiency, and change the shop’s appearance. At the same time, the simulation provides live updates on how the decisions affect the shop’s finances and net profit.

“Simulations turn theory into experience, making learning a dynamic journey where mistakes become steppingstones to understanding,” says Hailee Griesenbrock (BS Business Entrepreneurship/Supply Chain Management ’24), one of the 59 pilot class participants.

The W. P. Coffee pilot program builds on W. P. Carey’s initiatives to leverage AR (augmented reality) and VR (virtual reality) technologies to enhance student learning and become leaders in using them.

“It’s amazing to see how much we were able to accomplish in a year,” says Dan Gruber, associate dean for Teaching and Learning, clinical professor of management and entrepreneurship, and college catalyst for principled innovation, who co-leads and co-coordinates the school’s faculty- and student-led AR and VR initiatives alongside Thomas Kull, professor of supply chain management.

“We strived to create a platform for building various learning objectives and modalities while also creating worlds the students could relate to,” Kull says.

Students read a case study to prepare for the W. P. Coffee experience. While in the simulation, they wore headsets and hand sensors and altered the shop via pop-up displays on their virtual desktops.

Antonios Printezis, clinical assistant professor of supply chain management, talked students through the experience from a studio down the hall and adjusted shop variables to highlight class learnings.

“I think VR has a lot of exciting applications, especially when you can instantly transfer students to places that otherwise may be impractical or impossible to visit,” says Printezis.

Gruber and Kull introduced VR immersive classroom experiences into W. P. Carey courses this fall, and they’ll implement more during the 2025 academic year, including a bottling factory, a health care facility, and a boardroom experience, in addition to W. P. Coffee.

hot coffee in a paper cup with W.P. Coffee logo sitting in pile of coffee beans
ALL THINGSWPC
Joy Wong headshot
Joy Wong
(BA Business Communication/BS Marketing ’18, MS-FIN ’21)
Will Tawney Headshot
Will Tawney
(MS-FIN ’22)

Creating the financiers of the future:

MS-FIN program spotlight

The Master of Science in Finance (MS-FIN) program at W. P. Carey sets its graduates apart in the job market with an innovative curriculum that builds the necessary skills for a successful career in finance. The degree features two tracks: corporate finance and investments and analytical methods, which adds a third semester and internship opportunity.

On top of traditional courses in financial accounting, investment strategies, and risk management, the leading-edge MS-FIN program incorporates newer technologies like artificial intelligence and blockchain into classes to prepare students for the future of the industry. W. P. Carey’s Department of Finance also features world-class faculty highly ranked for their research and publications. These experts in the field gladly share their knowledge with students to help build the next generation of finance leaders.

The program’s innovative and “futuristic outlook on the finance industry” attracted alum Joy Wong (BA Business Communication/BS Marketing ’18, MS-FIN ’21). She now uses skills learned during the program, including coding and machine learning, to find innovative solutions in her current role at Intel as a senior finance analyst.

“As technology continues to advance, I have found it valuable to have been part of a forward- looking master’s degree program,” Wong says. “This is exciting for me, as my role directly seeks to drive change within the company and explore creative solutions in procuring, planning, and forecasting our manufacturing capital assets.”

When Will Tawney (MS-FIN ’22) was deciding where to pursue a graduate finance degree, the MS-FIN’s corporate-like curriculum, project-oriented approach to learning, and vast student resources stood out among the crowd.

“The faculty provided a great learning environment and enhanced all aspects of comprehension through their unique approaches to each class,” he says.

Tawney works at Vanderbilt University as a grants manager for the chemistry department, which he describes as an extremely rewarding position. “I draw inspiration from my work, knowing my abilities to support university research leads to greater innovation and change in the world.”

MS-FIN alums have gone on to become leaders and changemakers within countless industries, including tech, the public sector, and higher education. The program’s combination of essential financial skills, experienced faculty, and real-world problem-solving prepares students for careers far beyond traditional corporate finance.

Learn more about the MS-FIN program at wpcarey.asu.edu/ms-finance.
WPCPROFILE
From rancher to regulator, alumnus’ ride through agribusiness and public service

The Banker on Horseback

The Banker on Horseback
The Banker on Horseback
By GEORGE SPENCER
From rancher to regulator, alumnus’ ride through agribusiness and public service
By GEORGE SPENCER
One day, when Sheldon Jones (BS Agribusiness Industry Management ’89, MS-AGB ’05) was a senior at Payson High School in Payson, Arizona, his life changed. A three-letter man in football, wrestling, and track, he looked forward to having a fun year before playing football on a scholarship from ASU.

His father had other ideas. The family owned the S A Ranch near Payson and on the Mogollon Rim north of Phoenix, grazing as many as 250 mother cows, calves, and 1,000 steers. A cowboy, Jones spent his summers in a log cabin without electricity or running water. He herded cattle on horseback and repaired fences.

His father suggested, “The local bank could use some good agricultural bankers. It might be a good career path.” This was fortuitous counsel, as at the beginning of his senior year in 1977, Jones was awarded the ASU Alumni Association Medallion of Merit, which included a full four-year academic scholarship.

WPCPROFILE

Breathing New Life Into Law

Breathing New Life Into Law
By Claire Curry
Attorney and entrepreneur helps legal professionals
redefine success
Whitney Harvey wearing a red dress and crossing her arms while smiling
Attorney and entrepreneur helps legal professionals redefine success
By Claire Curry
Settle in on a comfortable floor mat, close your eyes, and relax to calming ambient music selected personally for you. Take in the sweet scent of burning palo santo wood as it clears the energy in the room. Breathe deeply. Focus.

This process is how one client described her HypnoBreathwork sessions with Whitney Harvey, Esq. (BS Accountancy ’07, JD ’10), an attorney and entrepreneur who founded The Self Coached Lawyer, a coaching and consulting practice that provides career guidance and support to professionals in the legal field. A certified HypnoBreathwork facilitator, Harvey says she incorporates the experiential therapeutic approach—a combination of breathwork exercises, hypnosis, and visioning—into her coaching plans to help clients “release accumulated emotions, overcome limiting beliefs, and pursue their personal and professional goals.”

In this case, Jennifer Lovato, an executive director at a Phoenix law firm, engaged Harvey to help her navigate new changes and challenges at her workplace. After six months of coaching and a handful of HypnoBreathwork sessions, she decided to make a career move.

WPCPROFILE

From France
to ASU to
Singapore,

a marketing career
spans the globe
By Alice Popovici
Jerome Bigio wearing a white button up shirt and black blazer with his arms crossed and smiling at the camera
For Jerome Bigio (MBA ’02), curiosity is a creative tool. Whenever Bigio starts working on a marketing campaign for a new film or series at Netflix, where he is the senior marketing director for Southeast Asia and Taiwan, he begins with questions: Who is the audience? What is important to them? And what will spark a conversation?

“What makes someone laugh, and what (makes) someone cry, and what makes someone think is quite different across the world,” says Bigio, who has led campaigns for Netflix projects, including the award-winning series Wednesday and Stranger Things, creating targeted content that reaches audiences across all marketing touchpoints. “To me, that challenge is interesting.”

Bigio began working for Netflix in 2016 in its Amsterdam office, but when he moved to Singapore two years later for a new opportunity within the company, he had to quickly adapt to a new culture and entertainment ecosystem. Bigio credits his ability to quickly pivot and learn the nuances of a new environment to his international upbringing and education: He grew up in France, spent many summers with relatives in Los Angeles, and studied in the United Kingdom, the Netherlands, and Spain before landing at ASU for his second master’s degree, an MBA.

WPCLIFESTYLE

A Healthy Bottom Line

A Healthy Bottom Line typography along an apple watch with heart monitor
W. P. Carey alums and faculty share their strategies for investing in their well-being
By Jennifer Daack Woolson
When you ask business professionals how they focus on making daily decisions for their health and well-being, it’s unsurprising that they find the overlap between their work and personal lives. Neeru Paharia, professor of marketing and Juanita and Phil Francis Faculty Fellow, summed it up best: It’s like running a mini-business. Paharia is right. Ensuring there’s an inventory of healthy food on hand, budgeting your time to fit in fitness, doing quality control on kids’ homework, and getting a good return on investment for your efforts are similar to many of the responsibilities most businesspeople tackle daily. Here are a few favorite healthy insights from five W. P. Carey faculty and alums to help you invest in your most important human resource: you.
W. P. Carey alums and faculty share their strategies for investing in their well-being
By Jennifer Daack Woolson
When you ask business professionals how they focus on making daily decisions for their health and well-being, it’s unsurprising that they find the overlap between their work and personal lives. Neeru Paharia, professor of marketing and Juanita and Phil Francis Faculty Fellow, summed it up best: It’s like running a mini-business. Paharia is right. Ensuring there’s an inventory of healthy food on hand, budgeting your time to fit in fitness, doing quality control on kids’ homework, and getting a good return on investment for your efforts are similar to many of the responsibilities most businesspeople tackle daily. Here are a few favorite healthy insights from five W. P. Carey faculty and alums to help you invest in your most important human resource: you.
WPCCRUNCHING THE NUMBERS

Revolutionizing Logistics

Revolutionizing Logistics
How AI has transformed supply chain management from the 1960s to today
By Clinical Assistant Professor of Supply Chain Management Antonios Printezis
Technological advances, such as cloud computing and big data, are among the reasons behind the recent surge of interest in artificial intelligence (AI) technology. While AI has gained considerable media attention and recently captured the imagination of the masses through OpenAI, industries have used it extensively for years for supply chain automation and optimization.
digital illustration of male figure working on microchip
Supply chain automation can be traced back to the 1960s, with the development of the first computers for tasks such as inventory management and logistics planning.
WPCCOVER STORY

The AI Revolution

The AI Revolution typography

Beyond the Industrial Age into uncharted territories

By Betsy Loeff
As artificial intelligence reshapes everything from productivity to medicine, experts highlight its transformative potential and the urgent need to address emerging ethical and societal challenges.

“The societal implications of AI are potentially more profound than those of the Industrial Revolution,” says Pei-yu “Sharon” Chen, Red Avenue Foundation Professor and chair of the Department of Information Systems.

Many share Chen’s perspective. A 2023 report published by consulting giant McKinsey & Company predicts that “Generative AI is poised to unleash the next wave of productivity” (McKinsey & Company, 2023, The Economic Potential of Generative AI).

What makes AI such a game-changer? Along with its capabilities, “AI is easily accessible as a general technology to everyone without any deep technical background or a lot of capital,” Chen says. AI is also applicable to any industry or sector. For instance, Chen sees it used in medicine for pharmacology research, patient care, diagnostics, and more.

WPCCOVER STORY

Sci-Fi in the Media: Decoding Our Complex Relationship with Technology

Sci-Fi in the Media:

Decoding Our Complex Relationship with Technology

Clinical Professor of Information Systems
full body shot of Professor Matt Sophia

Science fiction imagines future technology and reflects on humanity’s evolving world, balancing between “protopian” dreams of gradual progress and dystopian warnings. It embodies our deepest hopes, desires, and fears about technology and humanity. It’s fascinating to see how sci-fi authors and filmmakers have predicted technological progress, critiqued its implications, and envisioned futures that are now within reach or even in our grasp.

The origins: Frankenstein

Mary Shelley’s book Frankenstein; or, The Modern Prometheus, is often considered the original work of science fiction. It’s a cautionary tale about the dangers of unchecked ambition and the ethical responsibilities of creators. The intelligent and emotional monster faces rejection, symbolizing the unintended consequences of scientific overreach. Shelley’s masterpiece raises a timeless question: What obligations do we owe to our creations? This question is very relevant in our early age of artificial intelligence.

Exploring consciousness and reality

Films like Blade Runner and The Matrix challenge our understanding of consciousness, identity, and reality. Blade Runner questions what defines a sentient being by portraying replicants, artificial beings indistinguishable from humans, while The Matrix explores the possibility of humans living in a simulated world. These stories highlight the ethical dilemmas of creating entities capable of thought and emotion, urging us to reconsider our perceptions in the digital age, a concept already debated in our world with the idea of whether we live in a simulation.
WPCRESEARCH

Can ChatGPT Conquer Accounting? Not Yet.

Can ChatGPT Conquer Accounting? Not Yet.

Can ChatGPT Conquer Accounting? Not Yet.

Language-learning models such as ChatGPT may be eerily competent at answering questions about accounting information systems and auditing. Still, even on those topics and more math-intensive aspects of accounting, the race is won by real, live students.

Gregory Dawson, clinical professor of accountancy, discovered this with his co-authors in their paper, “The ChatGPT Artificial Intelligence Chatbot: How Well Does It Answer Accounting Assessment Questions?” Published in the Issues in Accounting Education journal, it examined how artificial intelligence performed when confronted with typical questions for aspiring accountants.

Specifically, Dawson and his colleagues found that students scored an average of 76.7%, while ChatGPT scored 47.4% when only completely correct answers were counted (ChatGPT’s average improved to 56.5% when given partial credit for answers).

ChatGPT’s performance varied by topic area. It performed better in accounting information systems and auditing, which are less mathematically based, than in tax, financial, or managerial accounting. Its performance also varied depending on the type of question. ChatGPT performed better on true/false and multiple-choice questions than on problem-solving and short-answer questions.

WPCRESEARCH

Why Can’t We Be Friends?

Diversity preference and social media
We all know the drill. Facebook suggests we add people we don’t know to our friends list. We look them over, deciding if we’re interested. However, what Facebook is interested in is building its business.

“From a profitability point of view, the platform grows the network with new connections and new inclusion of users, so advertisement propagation will be more effective,” says Olivia Liu Sheng, professor and W. P. Carey Distinguished Chair in Business in the Department of Information Systems.

The more people connect, the more time they spend on the platform, which makes them more likely to respond to advertising. Facebook mostly matches us with people like us. But is that all we’re looking for in people—a mirror of our interests and background?

The concept of diversity preference suggests otherwise. “Diversity preference is that you want friends with different backgrounds,” says Sheng. “I like my colleagues at ASU, but I want to have other kinds of friends, too.”

WPCRESEARCH

How Gender Stereotypes Affect

How Gender Stereotypes Affect
the effectiveness of workplace ‘help’
Seoin Yoon wearing a black suit jacket and black and white midi skirt crossing her arms and smiling while standing outdoors
If a colleague offers help, it’s a good thing. Help is help, after all, isn’t it?

Not exactly, says Seoin Yoon, an assistant professor of management and entrepreneurship who, along with research colleagues, wanted to know why some people feel less positive—and specifically, less competent—when they receive help at work.

The team conducted an experience-sampling study to better understand when receiving help, a mundane and foundational aspect of organizational life, may not be beneficial, and for whom. The study captured the “lived-through” everyday experience of employees for three weeks.

Two types of help

Whether help is helpful depends on the type of assistance provided and who receives it. Yoon and her team focused on empowering and non-empowering help for their research. Empowering help involves the recipient’s interaction and active participation. “Consider a co-worker who sits down with you to guide you through the task and ensure you can independently execute the solution,” explains Yoon.
WPCRESEARCH

Sustainability Beyond Borders

Sustainability Beyond Borders
Why companies can’t afford to overlook supplier impact on stock value
Craig Carter wearing a white button up shirt and brown blazer with his hands in his pants pockets and smiling at the camera
Having a good sustainability record is not enough to satisfy today’s investors and stakeholders, who are increasingly holding companies accountable not just for their environmental impact and labor practices but also for their suppliers’.

Companies are aware of the problem, and many would like to improve the environmental and working conditions of companies along their supply chains. Still, initiatives can be costly, and their impact on stakeholders is far from certain. Prioritizing programs is complex, and businesses often handle more tasks than they can successfully manage.

How can companies know where their supply chain sustainability dollars will be most effective? How can they maximize the value of their programs? No one has been able to answer these questions. While past studies have shown a correlation between a company’s stock price and its suppliers’ environmental and workplace-related practices, they have failed to establish causality.

That made the subject an intriguing research topic for Craig Carter, John G. and Barbara A. Bebbling Professor of Supply Chain Management. He and colleagues Zachary Rogers of Colorado State University and Sina Golara of Georgia State University decided to investigate the effects of both positive and negative supplier news events on the stock prices of companies that used their services. They examined 3,986 supplier-related environmental and “socially sustainable” (labor-related) news events from 1994 to 2013.

Class Notes typography in white

ASU alum returns home to aid Native entrepreneurs

Change Labs co-founder and ASU alum Jessica Stago (BS Economics ’01) speaks at the grand opening of the entrepreneurial co-working group’s first building on June 16, 2023, in Tuba City, Arizona. Photo by Charlie Leight/ASU News
ASU alum returns home to aid Native
entrepreneurs
Under the brilliant, late-morning blue sky and wispy white clouds of Tuba City, Arizona, a ribbon-cutting ceremony was held to inaugurate Change Labs, a new 1,400-square-foot co-working space built to encourage Native entrepreneurs and small business owners on the Navajo and Hopi reservations. The event honored Heather Fleming and Jessica Stago (BS Economics ’01), two women whose decade-long vision was now a reality.

Stago’s journey began after she earned her economics degree from ASU in 2001 and returned to her hometown of Winslow, Arizona, to start a medical supply company with her mother. They quickly encountered the formidable barriers many Native small business owners face on the reservation, such as lengthy and costly business startup procedures. These challenges, familiar to many Native entrepreneurs, are exacerbated by the complex bureaucracy required to access land and utilities, making it considerably more difficult and expensive than nearby towns like Cortez, Colorado.

“We were trying to do business with the tribe,” says Stago, a Navajo Nation and White Mountain Apache member. “That was going to be our market.”

WPCCLASS NOTES

1960s

Barry Anderson (BS Marketing ’68) is a retired U.S. Air Force captain. He recently celebrated 60 years of citizenship and 52 years of marriage. Anderson lives in Las Vegas.

1970s

John Goodman (BS Management ’70) is a U.S. Army lieutenant general who served as the senior advisor and subject matter expert for the U.S. Special Inspector General for Afghanistan Reconstruction and has been honored with a Soldier’s Medal, a Bronze Star with a “V” Device, and a Purple Heart. A former Sun Devil quarterback, Goodman is the recipient of ASU’s 2024 Alumni Achievement Award.

Michael Cooper (BS Marketing ’73, MBA ’74) is celebrating his retirement after 14 years as a board member at Pilgrim’s Pride, a global food and beverage manufacturing company and one of the largest chicken producers in the U.S. and Puerto Rico. Throughout his 50-year career, Cooper held senior leadership roles at Dial, Perdue Farms, and Pilgrim’s Pride. He lives in Paradise Valley, Ariz.

David Chanko (MBA ’79) is an adjunct professor at Grand Canyon University. He teaches finance and economics classes and lives in Scottsdale, Ariz.

MEET YOUR NEW MUST-READ BOOK

MEET YOUR NEW MUST-READ BOOK typographic title in black with the phrase MUST-READ underlined in dark turquoise plus this phrase is more prominently bolded
Dark turquoise color outer circular icon displaying the front book cover image of Leading in Analytics: The Seven Critical Tasks for Executives To Master in the Age of Big Data by Joseph A. Cazier

AI and analytics have become critical business dimensions, presenting both challenges and opportunities for non-technical leaders. If we want to remain competitive in the digital age, we must learn to effectively lead AI and analytics initiatives to success, even if we don’t understand everything that’s going on under the hood. The book Leading in Analytics: The Seven Critical Tasks for Executives To Master in the Age of Big Data offers a concrete strategy for doing just that: helping readers understand how to maximize their influence in complex data-driven projects.

Written by Joseph Cazier, clinical professor of information systems and associate director of the Center for AI and Data Analytics, the book takes readers through the entire process of guiding AI and analytics initiatives from inception to execution.

As a leader of an AI or analytics initiative, we can’t control every aspect of the process; however, we can ensure an effective outcome by focusing on the high-impact factors we can control. Leading in Analytics describes those factors and gives actionable tips for success.

Drawn from best practice research in the field of analytics, the tasks described in this book are specific to the goal of implementing big data tools at an enterprise level. A contributing team of analytics and business experts share knowledge to show how to choose the right business problem to address, assemble the right team, gather the correct data, select the right tools, and execute a strategic plan to produce an actionable result.

The book also offers a roadmap for building a mature AI and analytics development process, helping you grow and scale your capabilities, and giving tangible guidance for how to wrestle with ethical dilemmas and avoid thorny pitfalls.

“By learning to pay attention to critical tasks in every analytics project, non-technical executives, business leaders, and analytics professionals can guide their organizations to achieve measurable results,” Cazier says.

In Memoriam

  • 2018

    Andrew D. Marris
    BA Business Global Management
  • 2008

    Michael L. Crain
    BA Information Management
    William M. Vanepps
    BS Marketing
  • 2003

    Marc Judnick
    BS Supply Chain Management
  • 2001

    John Gibney
    MBA
  • 2000

    Chad D. Harwood
    BS Marketing
  • 1999

    Randall A. Ross
    MTax
  • 1998

    Stuart Darnell
    BS Computer Information Systems
    Jeremy Loops
    BS Supply Chain Management
  • 1996

    Natalie Hiebert
    BS Accountancy
  • 1995

    Ryan L. Bonnell
    BS Computer Information Systems
    Jeffrey Kayle Estes
    BS Computer Information Systems
    John Garcia Jr.
    BS General Business
    Diane L. Retson
    BS Business Administration
  • 1994

    Jason E. Kaderli
    BS Management
  • 1993

    Jana L. Frost
    BS Management
  • 1992

    P. Thomas Menaugh
    MTax
    Gregory J. Schafer
    BS Accountancy
    Jay Wolpe
    BS Management
  • 1991

    Brady P. Benard
    BS Marketing
    Stephan A. Gatto
    BS Finance
  • 1990

    Thomas R. Armstrong
    BS Purchasing/Materials Management
    Philip D. Kastle
    MBA
    Jeanne J. Kuisle
    BS Accountancy
    Tressa M. Patton
    BS Finance
  • 1989

    Stephen P. Morgan
    BS Finance
  • 1988

    Frank F. Covello
    BS Management
    Mark S. Harris
    BS Marketing
    Martin T. Heerema
    BS Marketing
    David B. Vanyo
    BS Marketing
  • 1986

    Torin A. Campbell
    BS Finance
  • 1984

    Martin Goslar
    PhD Business Administration
    Jeffrey Hubbell
    BS Computer Information Systems
    Frank S. Rodriguez Jr.
    BS Business Administration
    Stephen Seibel
    BS Accountancy
    Robert Sholtis Jr.
    BS Business Administration
  • 1983

    Jeanne L. Clark
    BS Management
    Jo W. Johnson
    BS Marketing
  • 1982

    Brian J. Behling
    BS Management
    Susan C. Tropsa
    BS Marketing
    Jeanne A. Wexler
    BS Business Administration, MBA ’85
  • 1981

    James G. Henry
    MBA
    David Jeong
    BS Accountancy
    Mark F. Kuhlman
    BS Transportation
    William O. Valenzuela
    Accountancy
  • 1980

    John Alston
    BS General Business Administration
    Karen Kline-Mina
    MBA
    Penelope Pappatriandafillopoulos
    BS Finance
    Laurie Shapiro
    MBA
    Kenneth B. Vaughn
    BS Accountancy
  • 1978

    Donald Buchwald
    BS Accountancy
    David R. Lamparter
    BS Business Administration
    Dennis Newport
    BS Agriculture
  • 1976

    Michael Reardon
    BS Economics
    Judith J. Tixier
    BS Business Administration
  • 1975

    Paul Topliff
    MBA
  • 1974

    Raymond Carlson
    BS Quantitative Systems
    Douglas Ward
    BS Business Administration
  • 1973

    Stephen J. Gutkowski
    MBA
    Samuel Ruiz
    BS Management
  • 1972

    Doyle E. Price
    BS Management
  • 1971

    Robert J. Dale
    BS Management
    John A. Doherty Jr.
    BS Finance
  • 1970

    Don W. Hobbs
    MBA
    Gregory S. Kilfoyle
    BS Management
  • 1969

    Harold “Hal” K. Brown
    BS Accountancy
    John M. Coles
    BS Finance
    Tom Elliot
    BS Finance, MBA ’71
    Malcom Marr
    BS Marketing
    Paul Rathwell
    BS Agriculture
  • 1968

    Stephan D. Jarman
    BS Management
    Bruce F. Johannes
    BS Marketing
  • 1967

    William “Bill” Callarman
    MBA, PhD Business Administration ’73
  • 1963

    Arthur D. Jacobs
    BS Management, MBA ’66
  • 1962

    John Culpepper
    BS Marketing
    Donald Wilson Jr.
    BS Management
  • 1960

    Norman Saville
    BS Marketing
    Dean Young
    BS Accountancy
  • 1958

    Gary L. Foster
    BS Marketing
    Robert Pierce Jr.
    BS Accountancy
    Norbert T. Williams Jr.
    BS Management
  • 1957

    Edward Moomijian
    BS Economics
  • 1956

    John Huber
    BS Agriculture
  • 1955

    Clarence Finch Jr.
    BS Economics
  • 1949

    Dorothy Turley
    BS Business Administration
WPCCLASS NOTES

From Barista to Boardroom: Alum’s journey from Starbucks to strategic sourcing

By David Schwartz
Beige color outer circular icon displaying a portrait photo headshot of Jacob Roinas smiling
When Jacob Roinas (BA Global Logistics Management ’20) graduated from high school in his native Washington state, he planned to pursue higher education. A top student, he was accepted to several schools and was on his way to academia when life knocked him off course: His parents needed him to help at a church where they were pastors.

Two years later, Roinas started in the work world as a Starbucks barista, rising to the corporate office after more than a decade at the Seattle-based global coffee giant.

But something was missing deep down inside Roinas.

“Even though my career grew beautifully, there was always a part of me that knew I needed to go back and get a degree,” Roinas explains. “I always promised myself that I would do that.”

HALL OF FAME

HALL OF FAME typographic title in black as there are digital vector dark gold colored rectangular shaped bars to the left and right of this typographic title
W. P. Carey inducted four new members into its 2024 Alumni Hall of Fame, in addition to one young alumni inductee and the inaugural recipient of the Bill Carey Award, which honors the legacy of Bill Carey and recognizes outstanding commitment and contribution to the W. P. Carey community.
Beige color outer circular icon displaying a portrait photo headshot of Barton Faber grinning

Barton Faber

(BS Finance ’69)
Partner at Atrium Capital,
a Menlo Park Venture firm
Beige color outer circular icon displaying a portrait photo headshot of Nancy Shevell McCartney grinning

Nancy Shevell McCartney

(BS Transportation ’81)
Principal,
AMZ Management
Beige color outer circular icon displaying a portrait photo headshot of Rhonda Turner Buseman smiling

Rhonda Turner Buseman

(BS Management ’95)
Chief Human Resources Officer,
Benchmark Electronics
Beige color outer circular icon displaying a portrait photo headshot of Timothy Huang smiling

Timothy Huang

(MBA ’01)
Head of Corporate Banking,
Greater China
JPMorgan Chase
Beige color outer circular icon displaying a portrait photo headshot of Denise Woodard smiling

Young Alumni Inductee

Denise Woodard

(MBA ’10)
Founder and CEO,
Partake Foods
Beige color outer circular icon displaying a portrait photo headshot of John Graham smiling

BILL CAREY AWARD

John Graham

Chair and CEO,
Sunbelt Holdings

HONORING HOMEGROWN LEADERSHIP

HONORING HOMEGROWN LEADERSHIP typographic title in black as everything is underlined in dark yellow/gold
When Phoenix native David Jackson (BS Global Business/Financial Management ’00) was a finance student at Arizona State University’s West Valley campus, he gave separate presentations on two of the country’s largest trucking companies. Little did he know that he would help orchestrate their megamerger years later.

Jackson—who recently retired from his role as president and CEO of Arizona-born Knight-Swift Transportation, the largest full-truckload freight transportation company in North America—was recently honored by ASU’s W. P. Carey School of Business as the 2024 Executive of the Year.

The Dean’s Council, a national group of prominent executives who advise the W. P. Carey School, chose Jackson as the 41st Executive of the Year. At a recent event hosted by the Economic Club of Phoenix to celebrate this recognition, he shared his experiences, the history, and the culture of the Fortune 500 company, which boasts roughly 35,000 employees and $8 billion in annual revenues.

In 2000, Jackson graduated from ASU with global business and financial management degrees. Subsequently, he stepped into a position at Knight Transportation. Jackson rose through the ranks to become its chief financial officer in 2004, president in early 2011, and CEO in 2015. Two years later, he oversaw the company’s merger with Swift Transportation.

Today, Jackson is a member of the Dean’s Council at W. P. Carey and the Greater Phoenix Economic Council. In 2016, Forbes magazine recognized him as one of America’s Most Powerful CEOs 40 and Under. Thanks to a generous donation from Knight-Swift Transportation, the Knight-Swift Logistics Lab opened at the ASU West Valley campus in November 2017.

At the W. P. Carey School’s 2024 Executive of the Year celebration event, Jackson called attention to the next chapter of Knight-Swift leadership, introducing Adam Miller, a fellow ASU graduate (BS Accountancy ’02) who shares with Jackson a similar upbringing in the West Valley and a reputation as a long-standing pillar of the company. Miller stepped into the role of CEO for Knight-Swift in February.

Knight-Swift Transportation CEO Adam Miller (BS Accountancy ’02) is on the left of former CEO David Jackson (BS Global Business/Financial Management ’00) at the Economic Club of Phoenix event celebrating Jackson’s recognition as the 2024 Executive of the Year as both men are smiling together standing right beside each other for a photograph in their own respective professional business attire
Knight-Swift Transportation CEO Adam Miller (BS Accountancy ’02) is on the left of former CEO David Jackson (BS Global Business/Financial Management ’00) at the Economic Club of Phoenix event celebrating Jackson’s recognition as the 2024 Executive of the Year.

Start a new chapter:

With a new book every two months, there’s always something to learn in the W. P. Carey Alumni Book Club. Read the selected book for six weeks, then be a part of our online discussions to gain new perspectives and grow your network.

Join today to:

  • Get ahead of the latest thought leadership in business.
  • Connect with other W. P. Carey alums from all over the world.
  • Turn insights into action.

We’re currently reading Think Again by Adam Grant—but you can sign up at any time!

Discover the power of books here.

Start a new chapter

Join the W. P. Carey Alumni Book Club graphic

Start a new chapter:

With a new book every two months, there’s always something to learn in the W. P. Carey Alumni Book Club. Read the selected book for six weeks, then be a part of our online discussions to gain new perspectives and grow your network.

Join today to:

  • Get ahead of the latest thought leadership in business.
  • Connect with other W. P. Carey alums from all over the world.
  • Turn insights into action.

We’re currently reading Think Again by Adam Grant — but you can sign up at any time!

Discover the power of books here.

ASU Homecoming 2024

Keep the Sun Devil spirit alive!

cropped view of NROTC members presenting flags at a large event
a female ASU student cheers with her hands in the air while attending a rally
a young boy wearing a Sun Devils t-shirt waves yellow and gold shaker poms in either hand
a little boy plays with a Sparky the Sun Devil balloon while wearing an Arizona State Sun Devils t-shirt
action shot of attendees holding signs and waving while walking in an event procession

This annual tradition gets bigger (and better) every year.

Save the date and recapture the Sun Devil spirit when you return to campus for Homecoming.

W. P. Carey Alumni Hall of Fame

Thursday, Nov. 21—5:30-8 p.m. (Arizona time) Join Dean Ohad Kadan as we honor W. P. Carey alums who have demonstrated leadership and achievement in their profession, the community, and the business school.

ASU Homecoming Block Party

Saturday, Nov. 23—Three hours prior to kickoff, meet fellow alums and friends in the W. P. Carey tent—full of food, beverages, interactive entertainment, and Sun Devil pride—at the ASU Homecoming Block Party.

Arizona State Sun Devils vs. BYU Cougars

Saturday, Nov. 23—Kickoff: TBD
Give em hell, Devils!

We hope to see you in your maroon and gold for Homecoming weekend!

WPCJUST FOR FUN

Technological Advances Foreseen by Star Trek

Technological Advances Foreseen by
Star Trek typography
shooting star graphic

Communicators (mobile phones):

In the first episode, in 1966, Captain Kirk flips open his “communicator” to call the ship.

  • In 1996, Motorola unveiled the first flip phone, the StarTAC.
shooting star graphic

Video calling:

Episodes in 1966 show video communication used in a way that mirrors the functionality of today’s video calling platforms.

  • In 1970, AT&T introduced the Picturephone, though it never gained widespread popularity. Skype entered the scene in 2003, and Zoom boldly began its journey in 2011.
shooting star graphic

Universal translators (translation app):

In a 1967 episode, Captain Kirk uses a universal translator to convert an alien language instantly.

  • In 2015, Google released its Translate app to quickly provide visual and spoken translation.
shooting star graphic

PADDs, or personal access display devices (tablet computers):

In Star Trek: The Next Generation, which first aired in 1988, devices used for data access and communication resemble contemporary tablets.

  • In 1989, the first tablet-like device, often considered a precursor to modern tablets, was the GRiDPad, released by GRiD Systems. However, the first commercially successful and widely recognized tablet computer was Apple’s iPad, which was announced on Jan. 27, 2010, and released on April 3, 2010.
shooting star graphic

Tricorders:

Touch interface devices intended to scan and interact with the environments surrounding us.

  • In 2017, a company called Final Frontier Medical Devices created a device inspired by the medical tricorders used in Star Trek. They won the Xprize, but have since run into funding issues beginning during the COVID-19 pandemic.
  • In 2022, NASA sent the rHEALTH ONE to the International Space Station. This device represents the most powerful biomedical device ever employed in space, using only a small sample for analysis.
  • Even Apple’s iPhone and Google Pixel phones have power sensors and augmented reality cameras, enabling new ways to analyze and experience the environments around us.
shooting star graphic

Combadges (Bluetooth headset):

Later in the series, in the late 1980s-early 1990s, communicators are replaced with combadges where characters can tap their badge to speak with other crew members.

  • In 2012, Nokia introduced the first Bluetooth headset.
shooting star graphic

Food synthesizer/replicator (3D printers):

In a 1966 episode, a device called a “food synthesizer” functions similarly to the later concept of the replicator by producing food and drinks on demand.

  • 3D Systems released the first commercial 3D printer, the SLA-1, in 1987. This may be a stretch—we can’t eat 3D-printed items … yet, anyway!
shooting star graphic

Voice-controlled assistants (virtual assistants):

The first episode to feature voice-controlled assistants was in 1967.

  • Apple introduced Siri in 2011, Amazon’s Alexa launched in 2014, and Google announced its assistant in 2016.
  • OpenAI introduced ChatGPT-4o in May 2024, bringing in an almost human level of interaction via voice and video chat with a digital assistant.
W. P. Carey Autumn 2024 logo
Thanks for reading our autumn 2024 issue!