Agile Professionals

The Anatomy of a Recession

How close could we be to the next recession —and what should we watch for in the months ahead?

John Kutz ’83
Allegheny College Trustee
Sales Director, Legg Mason

The Bruce R. Thompson Center for Business & Economics will open the spring semester Lunchtime Learning lecture series by welcoming John Kutz ‘83, Sales Director for Legg Mason, who will present Anatomy of a Recession, an exploration of the important questions that can impact everyone’s financial health:

  • How close could we be to the next recession?
  • Will growth hold steady, weaken or pick up by the end of the year?
  • What factors are most important to watch to help keep people on track?

Students of all majors are encouraged to attend on Thursday to widen their appeal as potential job candidates, according to Kutz, “Your ability to understand and be able to discuss intelligently current market conditions can provide you with a competitive edge in your job or internship search.  Employers are seeking job candidates that have a grasp on capital markets and can discuss reasons for possible economic downturns and/or expansionary periods.”

Kutz will discuss capital markets and review where the US economy is relative to a possible recession.  He will introduce a Recession Risk Dashboard and discuss the 12 key variables that tend to foreshadow economic downturn.

John Kutz is a Sales Director for Legg Mason serving the Ohio Valley region. John has been in the investment industry since 1998, and he joined Legg Mason in 2011. Prior to joining Legg Mason, John spent nearly 18 years with Victory Capital Management as Managing Director, Retirement Plan Services.

John received a Bachelor of Arts degree from Allegheny College and an MBA from Katz Graduate School of Business at the University of Pittsburgh. He is a Chartered Mutual Fund Counselor SM (CMFC®) and a recipient of the SPARK Accredited Retirement Plan Consultant (ARPC) designation. John also was recognized by his clients as a Top DC Wholesaler through the National Association of Plan Advisors’ Top 100 DC Wholesalers list (also known as the “Wingmen”) in 2014, 2015, 2018 and 2019.

John and his wife, Kathy, have three children, Allison, Maggie and Tim, and they live in Kirtland Hills, OH. In his spare time, John enjoys working out, golfing and biking. John currently serves on the Board of Trustees at Allegheny College.

The Lunchtime Learning Lecture Series provides students with opportunities to gain valuable information on topics and industries related to internships and careers. Speakers often choose one of two broad areas to discuss with students. The first is career oriented, and fits under our CBE CAREERS lunches. The second is issue oriented, and fits under our CBE IDEAS lunches. Both topics enable students to navigate and explore job options, understand the steps necessary to pursue opportunities and how to self-advocate for opportunities in the workplace.

Talking About Money and Taking Control: This Conversation isn’t Important – it’s Imperative

On Thursday, November 21, Gene Natali ’01 will speak on the important consequences of financial choices, particularly those made by students and young professionals.

How can we make wise financial decisions?

Join the Center for Business and Economics for lunch as Mr. Natali provides guidance on how to make better financial decisions and discover the rewards of financial freedom.

Mr. Natali is the CEO and Founder of Troutwood, a financial technology company focusing on financial empowerment. He holds a bachelor’s degree in economics from Allegheny College and an MBA with a concentration in finance from Carnegie Mellon University. He is a Chartered Financial Analyst, board member of CFA Society Pittsburgh and part-time lecturer at the University of Pittsburgh.

In 2012 Mr. Natali co-authored an award-winning investment guide titled “The Missing Semester.” This guide provides practical financial advice to high school and college students and has been used in classrooms across the country. The book received the 2013 EIFLE (Excellence in Financial Literacy Education) Book of the Year award by the Institute for Financial Literacy. Mr. Natali regularly speaks in High School and College classrooms, has presented and key-noted various investment and education conferences, and has helped design and has led teacher and trustee training.

The Lunchtime Learning Speaker Series provides students with opportunities to gain valuable information on topics and industries related to internships and careers in business and economics. 

Plan Now for Life after Allegheny – Here’s Your Roadmap

Students of all majors are invited to attend a special Lunchtime Learning event where Professor Chris Allison ’83, Entrepreneur in Residence, will illuminate the many opportunities available for students with interests in business and economics.  “Your professional life will throw a lot of surprises at you, so planning is essential to respond to those setbacks quickly and effectively,” says Professor Allison. “So, failing to plan your educational journey is really planning to fail.”

Professor Allison will guide students in considering the many professional opportunities after graduation and offer suggestions on how to secure internships and achieve career preparedness by taking advantage of the multiple experiential learning activities offered through the Center for Business & Economics and the Allegheny Gateway.

Students in attendance will receive a copy of A Roadmap for Business & Economics, career guide along with along with an internship directory providing a brief overview of the internship opportunities most appreciated by Allegheny students with interests in business and economics.  Students will find information to set goals, learn how to get the most of their studies, prepare for jobs and internships as well as evaluate the many career and graduate school opportunities available to them as Allegheny College students.  Included in the Roadmap is a form for students to plan their courses and a career & co-curricular planning document – both forms will assist students with resume writing and setting goals for their journey after graduation.

We encourage students to attend this event prior to registering for spring classes.

The Roadmap for Business and Economics
Thursday November 14, 12:15 pm, Quigley Auditorium
Lunch will be provided

Professor Chris Allison, Entrepreneur in Residence and Co-Director for the Center for Business and Economics
Professor Chris Allison ’83 conducts a series of workshops for students throughout the academic year

Chris Allison ’83 Allegheny Trustee, Entrepreneur in Residence and Co-Director for the Bruce R. Thompson Center for Business and Economics

Professor Allison is the former Chairman & Chief Executive Officer Tollgrade Communications Inc. He is both the Entrepreneur in Residence and the Co-Director of the Center for Business & Economics.  A published author of two books and multiple articles in the Pittsburgh media, his teaching and research interests include Managerial Economics, Entrepreneurship, Financial Literacy, Investing Theory, Writing and Public Speaking. He is the host of the Financial Literacy Challenge and the annual Big Idea Competition where he shares his valuable executive experience to provide guidance and support to Allegheny’s next generation of business leaders.

How to “Excel” at your Internship

2019/2020 Fellows, from left - first row: Shannon Putnam '20, Emma Black '20, Rachel Tobler '21, Trevor Day '20, Carlos Sanchez '20, Rafael Balanquet '20
2019/2020 Fellows, from left – first row: Shannon Putnam ’20, Emma Black ’20, Rachel Tobler ’21, Trevor Day ’20, Carlos Sanchez ’20, Rafael Balanquet ’20

The CBE Fellows invite all Allegheny students for a special event on Gator Day – Allegheny’s day of programming centered on helping students connect their curricular and co-curricular experiences with the next steps they want to take at Allegheny and beyond.

The Fellows have created a new workshop entitled, How to “Excel” at your Internship based on their collective experience as both job applicants and interns in a wide variety of workplace environments.  A key requirement for most positions today is a working knowledge of Microsoft Office’s spreadsheet program, Excel® – in fact, employers expect students to be proficient in Excel from their first day on the job.

But what about those soft skills everyone talks about?  The Fellows recognized that it’s not simply the technical skills required for Excel, the key to success is understanding how to achieve the kind of results that benefit the organization.

To master both skills, the Fellows have designed this Excel workshop to teach Excel tips, tricks and shortcuts and share real life examples of how these skills can help students to succeed in the workplace. All six Fellows will be on hand to answer questions on Excel and internships as well as discuss how they were able to utilize these skills in their past internships.  Participants will receive a handout with Excel shortcuts.

The event will be held on Tuesday, October 29 from 9:30 – 10:30 am in Quigley #220.  Students can feel free to bring their laptops or use the computers in the room.   A light breakfast will be provided.

Center for Business & Economics Fellows

Center for Business & Economics FellowsCBE Fellows are a select group of motivated students that function as a leadership team to support CBE programming and act as student ambassadors. Activities are structured to enable students to include this position on their respective resumes as a valuable work experience.  To qualify for this position, students must have a keen interest in both business and economics, maintain a good academic standing, and regularly attend all CBE activities.

Center for Business and Economics Fellows

Gator Day

The Bruce R. Thompson Center for Business & Economics attracts Allegheny’s next generation of business innovators and entrepreneurs by providing a host of co-curricular activities that connect with and deepen their classroom experiences.

What Were They Thinking? How honest people go bad…a little at a time

The Bruce R. Thompson Center for Business & Economics and the Allegheny Law & Policy program will welcome Allegheny alumnus Mike Young, class of ’78.  Mr. Young has spent 38 years as a Wall Street attorney investigating corporate wrongdoing.  He returns to Allegheny to share his experiences of how good, decent, honorable individuals end up breaking the law – often without even realizing it.  He will give concrete suggestions to aspiring business leaders about avoiding the pitfalls that have entrapped so many others.

The Allegheny Community is invited to Quigley auditorium on Thursday, October 17, 12:15 – 1:15 pm for this enlightening presentation; lunch will be provided.

Michael R. Young

Named by Accounting Today as one of the “top 100 most influential people in accounting,” Michael R. Young is a litigation partner at New York’s Willkie Farr & Gallagher LLP where he chairs the firm’s securities litigation practice. Mike advises and defends boards of directors, audit committees, accounting firms, public companies, and company officers on issues of corporate governance and financial reporting.

His trial victories include the landmark jury verdict for the defense in the first class action tried to a jury pursuant to the Private Securities Litigation Reform Act of 1995.  He has served as a member of FASB’s Financial Accounting Standards Advisory Council, as chair of the New York City Bar Association’s Financial Reporting Committee, and as counsel to the American Institute of Certified Public Accountants and the Center for Audit Quality.

A prolific author on the subjects of financial reporting, audit committee effectiveness and the role and responsibilities of the independent auditor, Mike’s books include The Financial Reporting Handbook (Wolters Kluwer 2003), Accounting Irregularities and Financial Fraud (Harcourt 2000) and, most recently, Financial Fraud Prevention and Detection:  Governance and Effective Practices (Wiley 2014).

Mike is a much sought after speaker and commentator on financial reporting issues, and has been regularly quoted in such publications as The Wall Street Journal, The New York Times, Fortune, Forbes, USA Today, The Washington Post, and The National Law Journal.  He has also appeared as an invited guest on Fox Business News, CNBC, MSNBC, CNN, and BNN (Canada). Mike is a graduate of Allegheny College and the Duke University School of Law, where he was Research and Managing Editor of the Duke Law Journal.

Welcome Alumna Diane Sutter, 2019 Executive in Residence

The Bruce R. Thompson Center for Business & Economics welcomes our 2019 Executive in Residence, Alumna Diane Sutter to the Allegheny College Campus September 30 – October 2.  Ms. Sutter is the President and CEO of ShootingStar Inc., a consulting company that provides operational and consulting services to radio and television broadcasters, media companies, and financial institutions. She has owned and/or managed several broadcast stations, both radio and TV. While on campus, she will hold two public events, participate in this year’s Economics short course in executive leadership and meet with Allegheny students, faculty and staff.

Executive in Residence Public Events

Monday, September 30, 12:15 – 1:15 PM, Quigley Auditorium:
So you want to own a TV Station? The Path from Allegheny to Capitol Hill to Broadcasting

Tuesday, October 1, 12:15 – 1:15 PM, Quigley Auditorium: Management, Leadership & Teams

Lunch will be provided at both sessions

Allegheny students may visit Ms. Sutter during office hours on Monday, Sept. 30 and Tuesday, Oct. 1 from 2:30 until 4:30 PM in Quigley 219, students may follow this link to schedule an appointment.

The Executive in Residence program is an event is designed to connect Allegheny students and faculty with prominent business executives who spend several days on the Allegheny campus speaking about their life experiences in business, paths to success and lessons learned.

Alumna Diane Sutter

Diane Sutter’s career has included radio and television station management, overseeing a television and radio station group, and owning and operating television stations. She currently consults for radio and television stations, media companies, financial institutions and other organizations. In addition, she conducts management training and development for companies and organizations as a Gallup-Certified Strengths Coach. Sutter also works with organizations to implement Conscious Capitalism and “Purpose” in their company.

ShootingStar Broadcasting is the media company she formed to acquire and operate television and radio stations. The company owned the CBS affiliate in Abilene, TX (KTAB) and MyTV New England (WZMY-TV) in the Boston, MA market.

Ms. Sutter also served as the Trustee for the KFWB Asset Trust (The Beast 980-All Sports Radio) in Los Angeles, CA and facilitated the sale of the station. Sutter currently sits on the Advisory Board of Media Vista Broadcasting, Naples, FL.  She was a member of the Advisory Board of Futuri Media, LLC, Cleveland, OH.  Previously, she was a member of the Board of Directors of JW Broadcasting and consulted for the four station TV group in Columbia, MO until it was sold.

Ms. Sutter served as the President of Shamrock Television, in Burbank, CA, a division of Shamrock Holdings, Inc., owned by the Roy Disney family. Sutter oversaw three network affiliates for Shamrock and was responsible for station operations and acquisitions.

Prior to that, Ms. Sutter served as Executive Vice President of Operations for Shamrock Broadcasting, which operated 23 major market radio stations as well as three network television stations. She came to the corporate offices in Burbank, CA from Lexington, KY where she was the Vice President and General Manager of Shamrock’s ABC Television Affiliate there.

Her radio broadcasting career began in Pittsburgh, PA where she held numerous positions in radio, rising from newsroom producer through sales to sales manager, station manager, and general manager. She joined Shamrock Broadcasting and served as Vice President and General Manager of Shamrock’s AM/FM combination in Pittsburgh, PA.

Previously, Ms. Sutter worked on Capitol Hill in Washington, D.C. in various capacities for members of both the House and Senate. Her last position was as the Press Secretary for a congressman from Chicago, IL.

Industry/Community Associations

Ms. Sutter is actively engaged in both her industry and community. She recently served as the Chair of the FCC Advisory Committee on Diversity and Digital Empowerment. In 2008, she was appointed to the FCC Advisory Committee on Diversity for Communications in the Digital Age and was ​​​​re-appointed in 2009, 2011, 2012, and 2017 by multiple FCC Chairmen.  Sutter also is a member of the Advisory Board of Multicultural Media, Telcom and Internet Council (MMTC).  Sutter is also a member of the National Association of Broadcasters (NAB)

Diversity and Inclusion Council

She served as the National Chair of the Alliance for Women in Media (AWM) and on their National Board. In addition, she served on the Entrepreneurial Leadership Council of Suffolk University’s Sawyer School of Business, and as a member of the Emerson College National Advisory Committee on Diversity in Boston, MA.

Ms. Sutter is a member of Conscious Capitalism LA and the All Star for Kids Council of the Children’s Hospital of Los Angeles. She also serves on the Dean’s Advisory Council for the American University School of Communications, Washington, DC. Previously she was a member of the Alumni Advisory Council for Allegheny College, Meadville, PA.

 Broadcast Leadership Training Program

Ms. Sutter created and developed the Broadcast Leadership Training (BLT) Program for women and people of color sponsored by the National Association of Broadcasters Leadership Foundation (NABLF). She serves as the “Dean” of the executive-MBA style, 10-month program to train women and minorities to become broadcast owners and group heads and teaches many of the sessions. The program is celebrating its 20th Anniversary year and has 325 graduates, many of whom have gone on to ownership or have been promoted to “C” suite level positions in the industry.

Awards and Recognition

Radio Ink magazine named Sutter one of The Most Influential Women in Radio in 2017 and 2018 and 2019.  She was also named one of the 20 Top Leaders in Radio by Radio Ink Magazine. Radio and Television Business Magazine recently named Sutter as one of the top Television Executives.  The Broadcasters Foundation of America honored Ms. Sutter as a 2017 Ward Quall Leadership Award recipient in recognition of her career contributions to the broadcast industry and the community at large.

In 2014, Sutter received the Trailblazer Award, from the Mentoring and Inspiring Women (MIW’s) at the NAB Radio Convention, recognizing her efforts to create and serve as the Dean of the Broadcast Leadership Training Program and mentor women and others in the industry. In 2011, she was chosen by the Alliance for Women in Media to be recognized for her contributions to the industry for the organization’s 60th Anniversary.

The NAB honored Ms. Sutter as the recipient of their Leadership Award at their national convention in 2009. Sutter was the 2008 recipient of the Lifetime Achievement Award from the Multicultural Media, Telecom and Internet Council.

The Alliance for Women in Media has also honored Ms. Sutter with their National Achievement Award. In addition, she was the first radio industry recipient of the Alliance’s Genii Award from the Los Angeles Chapter.

Education/Location

Ms. Sutter received her undergraduate degree in Political Science from Allegheny College in Meadville, PA, and her graduate degree in Public Relations from American University, School of Communications, in Washington, DC. She is also a certified Gallup Strengths Coach.

Gators in Economic Development

Christian Walker ’20 and Ethan Graubard ’20 each interned this summer at different organizations pursuing the same interest – economic development.

Sales, Service and Economic Development

Ethan Graubard
Ethan Graubard ’20 did double duty this summer working for Enterprise Rental as a customer assistance representative, and as a business liaison at the Bergen County Economic Development office.

Ethan Graubard did double duty this summer working for Enterprise Rental as a customer assistance representative, and as a business liaison at the Bergen County Economic Development office.  “It was a hustle all summer,” commented Graubard.

Ethan interned in 2018 at Enterprise as a management trainee, then advanced in 2019 to a Customer Assistance Representative where he gained experience in sales, customer service, management and logistics.  “I have always been interested in urban planning and economic revitalization,” he said, “in fact, I did my senior project on public/private non-profit organizations.”  He then earned a position at the Bergen County, NJ economic development office team whose goal is to attract business and promote tourism in the county, completing both internships in one summer.

Ethan is an Economics major with minors in Political Science and Community & Justice Studies, a student-athlete (varsity football), and a mentor in the Big Brothers Big Sisters Organization.

Entrepreneurship in Hermitage, PA

Christian "Dubs" Walker
2019 Big Idea Winner, Christian Walker ’20 (right side, second from the end) interned for the second year at the eCenter @ LindenPointe, a non-profit business incubator dedicated to helping early-stage startups.

Christian Walker interned for the second year at the eCenter @ LindenPointe, a non-profit business incubator dedicated to helping early-stage startups. He participated along with other interns and entrepreneurs both teaching and attending seminars designed to improve the group’s skills at creating new business start-ups and growing existing businesses.

Christian owns and operates animatr, a brand that destigmatizes the negative misconceptions surrounding Japanese “anime” animation fans with aesthetic streetwear.

“I learned that it’s not just about having a good idea,” said Walker, “it’s about how you implement it.” He added, “My business revenue increased by 350% thanks to the accelerator and hard work.”

Christian is an Applied Computer Science major with a minor in Economics, a Bonner Scholar, and the 2019 Winner of the Big Idea Competition, Allegheny’s annual contest that emulates the experiences seen on the popular CNBC broadcast, Shark Tank.

Allegheny College is grateful for the many opportunities extended to our students through organizations like the eCenter @Linden Point, Enterprise and the Bergen County Economic Development office. The Bruce R. Thompson Center for Business & Economics works in partnership with Allegheny Career Education to mentor students on how to locate and apply for internships, secure housing and apply for funding sources to defray costs.

Project Management in the Medical Device Industry

Do you think it’s hard to juggle priorities as a college student? Meet Eric Jones

J. Eric Jones, Operations ManagerImagine what it would be like to be the site manager for a 172,000 square foot manufacturing facility and lead a team of 6 managers, over 300+ labor assemblers and 3 tactical buyers – that’s just another day in the life of Eric Jones.

Attend this presentation to learn more about how Eric approaches project management, leadership and strategy to contribute to $750 million in annual revenue as the man responsible to oversee the assembly, testing and packaging of 1.2 million CPAP devices, 91,000 communicators and 275,000 personal help buttons.

The Allegheny community is welcome to attend the first in the series of Lunchtime Learning presentations on September 10 at 12:15 pm in the Henderson Auditorium, Quigley Hall. Don’t miss this chance for a free lunch and the opportunity to meet this key advisor and thought leader in the medical device industry.

The Bruce R. Thompson Center for Business & Economics sponsors this series to provide students with opportunities to gain valuable information on topics and industries related to internships and careers in business and economics.  Speakers often choose one of two broad areas to discuss with students. The first is career oriented, and the second is issue oriented. Both topics enable students to navigate and explore job options, understand the steps necessary to pursue opportunities and learn how to self-advocate for opportunities in the workplace.

Ryan Clydesdale ’20 Wins the Prestigious Cornerstones Summer Analyst position

Ryan Clydesdale ’20 Wins the Prestigious Cornerstones Summer Analyst positionMathematics major with a double minor in Economics and Chemistry, Ryan Clydesdale ’20, was awarded the prestigious Cornerstone Research summer internship experience.  According to Clydesdale, “and I had a great ten weeks as a Summer Analyst at Cornerstone Research. From gaining an understanding of the daily workflow of economic and litigation consulting, to acquiring some of the skills that come along with the job, and developing as a professional in general, I benefited immensely from this experience. I am now comfortable with coding in multiple programming languages, using Microsoft Office at a more sophisticated level, and collaborating with others to function as a productive member of a project team.”

Navigating the Application Process

To apply for this position, Ryan submitted his resume, transcript, and a cover letter to Cornerstone through Allegheny’s Career Education office. He was then called back for a phone interview, where he further discussed his interest and qualifications. The next step was a Skype interview, where he took part in two mock case studies. During the latter he was given background information on mock cases and the interviewers asked questions about his approach to investigation and analysis. As part of the process, Ryan was interviewed by multiple Cornerstone employees at various levels of management.

Cornerstone Research

Cornerstone Research is a leading economic and financial consulting firm specializing in the analysis of complex economic, financial, accounting, and marketing issues that arise in the context of various kinds of litigation. Cornerstone Research has 700 staff and offices in Boston, Chicago, London, Los Angeles, New York, San Francisco, Silicon Valley, and Washington.

Cornerstone Research values the professional growth of its summer analysts and recognizes their contributions to clients and the firm. Consequently, many summer analysts choose to join Cornerstone Research full-time upon graduation. The analytical depth of assignments, the breadth of industry exposure, and experience working in case teams offer outstanding preparation for analysts applying to top graduate programs in business, economics, and law, and for ensuing careers in consulting, finance industry, and academia.

Allegheny College is grateful for the many opportunities extended to our students by Cornerstone Research and their continued support of undergraduate experiential learning. The Bruce R. Thompson Center for Business & Economics works in partnership with  Allegheny Career Education to mentor students on how to locate and apply for internships, secure housing and apply for funding sources to defray costs.

Tech Intern Jerfenson Cerda Mejia ’20 Excels at Startup

Jerfenson Cerda Mejia
Jerfenson Cerda Mejia (third from the left) standing with Arin CEO, VP and Lead Software developer

Jerfenson Cerda Mejia ’20 Computer Science Major, Economics minor interned this summer at Arin, a technology startup in Pittsburgh that builds solutions for industry 4.0 by providing location awareness capabilities to vast networks of sensor, machines and workers.

What is it like to work in a technology startup?

Accord to Mejia, “I was a business and marketing associate intern. The overall experience was amazing. Since it was a startup, there were many things to do. I helped generate leads to help the company find potential distributors to sell their product. From the leads I generated, the startup is currently in talks with 5 of them to sign on as distributors. I redesigned and reworked their websites and worked on search engine optimization. I created a marketing plan and gathered content to post on their social networks. The internship was a great experience because the work I was doing was really helping the company.”

Benefits of Student Internships at a Startup

According to Forbes, “If you’re a particularly entrepreneurial student—you like to problem solve, ask questions, and work in a more flexible environment—then an internship at a startup may be of real benefit to you. Any student with entrepreneurial interest should seriously consider working at a startup for a summer during college. You’ll have more flexibility than you would in a large company. It will also move faster, and you’ll have more exposure to real problems.”

Entrepreneurship @Allegheny College

The Bruce R. Thompson Center for Business and Economics offers beginning and advanced studies in microeconomics and entrepreneurship.  Students are inspired to experience entrepreneurship by participating in the Zingale Big Idea Competition in April, a funding request presentation contest where student teams propose business models for profit, non-profit or social venture companies. The contest emulates the experiences seen on the popular CNBC broadcast, Shark Tank. Unlike Shark Tank, the Zingale Big Idea distinguished panel of judges do more than evaluate the student team’s business models – they offer constructive feedback, coach and encourage students. Students are welcome to take classes, workshops and discuss ideas with Entrepreneur in Residence, Chris Allison ’83.