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The Bolte School News


The Mount’s Federal Reserve Challenge team successfully competed completed against Loyola University, University of Maryland Eastern Shore, Towson University, McDaniel College, and America University and won the first round of the competition on October 30th.  The Mount’s team is now getting ready for the semi-finals November 20th at the Federal Reserve District Bank in Richmond.  If they win they will go on to the nationals on December 2nd at the Federal Reserve Board of Governors building in Washington, D.C.

Fed Challenge TeamThroughout the competition teams make presentations to a panel of monetary economists on their views of the current economy and recommendations for whether the Federal Reserve should target an increase in the federal funds interest rate. The Mount team’ presentation at Towson was crisp, lively, and well-articulated. The judges were also impressed by the way the team handled the question-and-answer section.

Captain Josh Donofry C’16 had this to say about his experience in Fed Challenge, “Ben Bristor C'16 and I have been on the Fed Challenge for past four years and we embraced the idea that we do not represent just ourselves, but also Mount St. Mary's and the Bolte School of Business.  Although we had come close winning in the past couple years, we were tired of just ‘coming close.’ We tried to make our presentation comprehensive while also bringing some levity to the ‘dismal science.’ We have always received an exceptional amount of support from everyone in the School of Business and we're extremely happy that we could put together a winning performance.”

We have a fabulous team this year:

Benjamin Bristor C’16 (co-captain, presenter)
Joshua Donofry C’16 (co-captain, presenter)
Sean Dailey C’17 (presenter)
Richard Grim C’17 (presenter)
Ryan McNeil C’17 (presenter)
Stephen Witkowski C’16 (presenter)

Captain Benjamin Bristor said that while the team they have this year is great they couldn't have done it without previous classes laying the groundwork for what the Fed Challenge team is today. Ben gave special recognition stating, "I’ve met and worked with a lot of fantastic people in my time here, starting in freshman year with people like Tyler Jones C'13, Mark Quaranta C'13, Brian Baldini C'13, Brandon Ziza C'13, and Tyler Giles C'15 and every year since then.  The one person, though, who has really been a blessing to be able to share this with is Josh Donofry, who every time we do this comes in with a completely unique and irreplaceable way of looking at the subject.  The School of Business and the Mount have always done their best to support the team, and we really do appreciate what they do."

If you see them in about campus be sure to congratulate them on a fantastic job!

Prof. Hoffman joined Mount St. Mary’s Richard J. Bolte School of Business as a full time faculty member in fall 2015. He has prior teaching experience as an adjunct professor at various colleges and universities including University of Maryland, Strayer University, and Montgomery College. He is also a frequent speaker, lecturer and instructor for professional and industry organizations and conferences.  

Prof. Hoffman’s research and writings focus on forensic accounting and fraud investigation matters. He is currently writing a book Larry Hoffmanentitled Trust is Not an Internal Control, A Small Business Guide to Preventing Fraud and expects its publication in 2016. He has also authored numerous articles and other resource materials on forensic accounting including in the areas of fraud investigation, prevention, and detection.

Prof. Hoffman is a practicing CPA with a specialization in forensic accounting and fraud examination. He has been involved in numerous high-profile cases as a consulting and testifying expert. He has performed forensic accounting services for governmental entities, public and private companies, nonprofits and individuals for over 30 years. He has performed forensic services in support of litigation and claims for lost earnings and profits, business interruption, shareholder disputes, intellectual property infringement, bankruptcy and restructuring and structural settlements; assistance with interrogatories, document requests and depositions; and serving as an expert witness. He has conducted and led teams of forensic accountants on fraud investigations ranging from small family-owned businesses to large governmental organizations with losses of over $500 million. He has performed and supervised valuations for individuals, estates and public and closely held companies in numerous industries. He has also assisted companies and nonprofits with restructuring and turnaround situations, including recapitalizations, reorganizations and liquidations.

Prof. Hoffman is a CPA licensed in the Commonwealth of Virginia. He is also a Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF) by the AICPA, a Certified Valuation Analyst (CVA), holds the Chartered Global Management Accountant (CGMA) designation from the AICPA, Certified in the Reid Technique of Interviews and Interrogations, and a Private Investigator (PI) licensed by the Virginia Department of Criminal Justice Services.

On November 5 Mount St. Mary’s University hosted its 21st annual Corporate Social Responsibility Symposium.  The event entitled The Ethics & Economy of Healthcare in America, centered on the issues facing the state of the United States healthcare system today, what direction it is headed and our own concerns and reservations the American people have regarding such moves.  The panel featured Richard P. Kidwell C’76, Richard P. Miller C’74 and William J. Ward Jr. C’65 esteemed members of the healthcare industry in their own areas.  The panel was led by moderator Gracelyn A. McDermott C’93 who is the Vice President of Accrediting and Client Services for URAC.  

After opening remarks by Karl Einolf, dean of the Richard J. Bolte School of Business the panel began discussions surrounding methods to achieve health equity, improvement of the healthcare experience and how health economics and ethical issues interact.  Richard P. Kidwell C’76 who is the Senior Associate Counsel/ Vice President of Risk Management at the University of Pittsburgh Medical Center began the discussion addressing medical malpractice in the healthcare industry and how you can respond appropriately and professionally.  The second panelist to address the crowd was Richard P. Miller C’74 who is the president and CEO of Virtua, a non-profit healthcare system in the southern New Jersey area that specializes in hospice and end of life care.  One of the main points from Miller was the importance of human dignity in the end of life care process.  William Ward Jr. closed with comments regarding the supply and demand cycle of healthcare.  Ward argued that as the government attempts to limit healthcare choices the public will no longer have the choice that consumers have been fortunate to have over the years.  

The event overall was well received by a crowd of about 140 as students and faculty engaged in their own concerns regarding the state of healthcare in America.  The event is sponsored by the Richard J. Bolte Sr. School of Business and the BB&T Center for the Study of the Moral Foundations of Capitalism.

Dr. Alejandro Canadas, Associate Professor of Economics, is featured in WalletHub's recent article of the least recovered cities in the United States since the recession of 2008.  As an expert in the field of economics, Dr. Canadas answers questions on the recession, the cities effected, and even the possible benefits of reloacting to an economically depressed city.  To learn more on the cities hardest hit by the recession, what the experts have to say, and the answers Dr. Canadas gave click on the link below!

Dr. Canadas Featured in WalletHub Article

Operations and supply chain management (OSM) is at the heart of executing an organization’s mission. The effective leader and business manager understands the unique role of OSM in the greater context of global competitive strategy. The OSM class (BUS 344) at the Richard J Bolte Sr School of Business prepares students at the Mount to integrate and analyze business processes, assess process performance across several measures, including those that are people and environmentally oriented, and finally improve these processes in line with the organization’s mission. Dr. Josey Chacko

At the Mount, Josey Chacko teaches the undergraduate OSM class and the graduate level introduction to logistics and supply chain management (MBA 583). Josey Chacko recently graduated with a PhD from the Pamplin College of Business, Virginia Tech. Over the course of his doctoral studies he taught several classes on quantitative methods and was awarded the best graduate student instructor in his department. Josey’s scholarship focuses on disaster operations and humanitarian logistics.

Josey spent most of his life in Kenya, where he completed his undergraduate education in electrical engineering. He then spent close to four years working in the Kenyan private sector prior to starting graduate school in the US. Josey is excited to be at the Mount and looks forward to filling out an NCAA bracket with MSM on it. He is married and considers his wife the best fraction in the equation.  

We are very excited to welcome Dr. Chacko to the Bolte School of Business!


On August 19, 2015, Dr. Patrice Flynn (Morrison Professor of International Studies) gave a demo on autonomous humanoid robots at the Hagerstown Rotary Club, hosted by Rotarian President John Latimer (Vice President at Keller Stonebraker Insurance). Mount MBA student, Mr. Ryan Miner, extended the invitation after taking Dr. Flynn’s MBA course on Global Capitalism and Business where he was inspired by the concept of merging human and humanoid capital.Mount Home Portal

Autonomous humanoid robots are in development around the world and will soon become an integral part of our lives.  The demo triggered a rich conversation among Rotary members who see limitless business applications for this emerging technology.

Also attending the event was Dr. Olga Shabalina, Mount Fulbright Scholar (2012-13) and Professor of Marketing at South Ural State University in Chelyabinsk, Russia. Dr. Shabalina continues her collaboration with Mount St. Mary’s by facilitating American and Russian student exchanges and co-teaching our online international marketing course.


Mount students traveled to the Headquarters of the United Nations in New York City to participate in the United Nations 2015 Global Youth Forum on February 2-3, 2015. The focus of the forum was to maximize the engagement of young people in the transition from Millennium Development Goals (2000-2015) to Sustainable Development Goals (post-2015). More than 600 young people from around the world gathered to engage in the conversation.

The energy at the forum was high with ideas flowing between youth delegates, the President and Vice Presidents of the UN Economic and Social Council who hosted the event, plus Ministers of Youth and youth program directors from Member States, and Ambassadors and Permanent Representatives to the UN from Ecuador, Jordon, Austria, Ireland, Kenya, Netherlands, USA, Croatia, Gambia, Portugal, Albania, Spain, United Arab Emirates, Romania, Burkino Faso, Mexico, Tunisia, Norway, Guyana, South Korea, Congo, Russia, Argentina, Germany, Sri Lanka, Colombia, China, Sierra Leone, Burundi, Bolivia, and more. Participants benefited from simultaneous translation in Spanish, French, Russian, Chinese, and Arabic!  

The United Nations estimates that there are 1.8 billion young people aged 10-24 in the world today, close to one-quarter of the world’s population. Thus, youth engagement is not a luxury, but rather a necessity to provide a platform for young people to engage in action and policy making. Youth input in critical to address issues such as education, employment, poverty, health, environment, juvenile justice, leisure, globalization, technology, HIV/AIDS, and armed conflict.

The Mount delegation consisted of Emily Davis (International Studies), Brigid Flay (Economics), Regina Fleck (International Studies), John-Paul Heil (History, Philosophy, Italian), Phil Noto (Accounting), Brian Quigley (Political Science), and Kevin Rein (Political Science, Business). The trip was led by Dr. Patrice Flynn, the Morrison Professor of International Studies in the Bolte School of Business, as part of the Morrison global engagement program at the Mount.  United Nations

The United Nations Secretary-General Ban Ki-moon opened the Youth Forum with a call for young people to “Challenge your leaders. You have the prerogative as young people. The Future is yours.” He focused our attention on a “new agenda with poverty and sustainable development at its core, where gender equality is a practical reality.” If we are to end poverty and hunger and bring about gender equality in our lifetimes, the delegates were encouraged by Dr. Ban Ki-moon to be bold, courageous and visionary, to bring creative ideas to the table, and to enter into partnerships with the United Nations and civil society to advance the post-2015 Sustainable Development Goals so that “no one is left behind.”

Dr. Flynn believes that input from young people is essential in the development process if we are to devise innovative ways to effectively address poverty, sustainability, and gender equality. “I was thrilled to see our Mount students fully engaged in the conversation with such a prestigious group of diplomats, students, and world leaders. Having a youth lens is imperative to ensure that the Sustainable Development Goals are viable and relevant to young people as they move into adulthood.”   

The 2015 Global Youth Forum also marked the 20th anniversary of the World Programme of Action for Youth, the 20-year review of the Beijing Declaration and Platform of Action for the benefit of young women and girls, and a new focus on the needs of African youth. The forum allowed young people an avenue for participation and input into intergovernmental discussions at the highest levels.

By the end of the forum, a set of recommendations were agreed upon and will be transmitted by youth delegates to the Members States in July of 2015. Some of the recommendations focused concretely on increasing the representation of young people in parliaments, securing line item funding for youth programs and transitions from school to work in national budgets, and inclusion of youth in the finalization and implementation of the post-2015 Sustainable Development Goals.



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