Monthly Archives: January 2016

Steven J. Freiberg: A Business Leader Educated at the Zarb School

Steven J. Freiberg, class of 1979 and 1980 with a BBA and MBA majoring in Finance, is one of the distinguished Zarb alumni featured on the School’s Web site. Below his brief bio is a YouTube video with Mr. Freiberg.

 
As Bloomberg Business summarizes Mr. Freiberg’s career: 

“Mr. Steven J. Freiberg, also known as Steve has been a Senior Advisor to The Boston Consulting Group since December 2012. Mr. Freiberg serves as Advisor to the Verisk Analytics, and [24]7. He served as the Chairman and Chief Executive Officer of Global Consumer Group-North America at Citigroup Finance Canada Inc. He served as the Chief Executive Officer of E*TRADE Financial Corporation from April 1, 2010 to August 9, 2012.”

He has decades of experience from the financial technology (fintech) industry, including his tenure at Citigroup where he served as Co-Chairman and Chief Executive Officer of its Global Consumer Group, its Global Cards Group and its North American Investment Products Division. He served as Chairman of Global Consumer Group – North America Operations at Citigroup, Inc. From 2005 to March 2008, he served as Chairman and Chief Executive Officer of Citigroup’s Global Consumer Group N.A. He served as Co-Chairman of Global Consumer Group at Citigroup, Inc. since 2005. He served as Co-Head of the Global Consumer Group of Citigroup Inc. since August 22, 2005. From January 2009 to April 2009, he served as Chairman and Chief Executive Officer of Citi Holdings – Global Consumer. He served as the Chief Executive Officer of Global Cards for Citigroup. Prior to that, Mr. Freiberg held positions of increasing seniority as a Management Associate and held multiple positions in Marketing, Business Planning, Management Sciences and Finance with Citigroup’s predecessor companies and affiliates since joining Citigroup’s Card Products Division in 1980. He served as Chief Financial Officer of Citigroup since 1985. In August 1997, he returned to the Credit Card Division and assumed responsibility for several major Strategic Business Groups which were key elements driving the significant turnaround of Citi Cards N.A. He served as the Chairman of the Board and Chief Executive Officer of Citi Cards N.A. from May 2000 to 2005. His broad experience encompasses senior leadership roles with Citibank Financial Account, Citigroup’s early entry into online banking; CitiCorp. Investment Services (CIS); and, CitiCorp. Insurance Group. From September 2005 to January 2010, he served as Executive Vice President of Citibank N.A. Mr. Freiberg served as the Chief Financial & Operating Officer of Citibank Financial Account (CFA), Citigroup’s early entry into online banking. In 1992, Mr. Freiberg joined a corporate-wide task force where he was part of a team which developed Citicorp’s five-year Global Consumer Strategic Plan. When this assignment ended, he moved to Florida to run distribution for the Florida Consumer Bank. From 1993 to 1995, the Florida bank’s performance improved significantly and the franchise turned profitable for the first time in Citicorp’s 10-year ownership. “

“He joined the former U.S. region board of MasterCard in January 2001 and served as the Chairman of MasterCard’s U.S. region board from 2004 to May 2006. Mr. Freiberg served as Chairman of the Board of Citigroup, Inc. He served as an Interim Chairman of E*TRADE Financial Corporation from May 2011 to January 27, 2012. He has been a Director of OANDA Corporation since January 2015.”

“He has been Independent Director of Regional Management Corp. since July 02, 2014. He has been a Director of MasterCard Worldwide, Inc. and Mastercard Incorporated (MasterCard International Inc.) since September 2006. He served as a Director of Citi Cards NA. He served on the board of directors of several of Citigroup’s affiliates including, Citibank N.A., CitiCorp. Credit Services Inc., CitiCorp. Investment  Services, CitiCorp. Insurance Group, Citibank Trust N.A., Citibank FSB, Citigroup Foundation and the MasterCard U.S. Advisory Board (as chair). He serves on the board of trustees of the March of Dimes and Hofstra University and the Leadership Council for New York City Habitat for Humanity. Mr. Freiberg serves as a Director of Direct Marketing Association, the Financial Services Roundtable, the DMA Board and the NYU Management Decision Laboratory. He served as a Director of Upromise, Inc. He served as Director of E*TRADE Financial Corporation from April 1, 2010 to August 9, 2012. He holds NASD Securities licenses 7, 24, and 63. Mr. Freiberg holds a BBA degree in Finance as well as an MBA in Finance from Hofstra University.”

 

 

Center for Entrepreneurship Launches 2016 Venture Challenge

The deadline to enter is fast approaching. Extended DEADLINE: Applications are due on February 19, 2016. Application, rules, and frequently asked questions can be found at http://www.hofstra.edu/cpxichallenge. All Hofstra students are encouraged to apply. There will be separate competitions for undergraduate and graduate students. 

Hofstra University’s Center for Entrepreneurship and digital media holding company CPXi have launched the 2016 Hofstra/CPXi Venture Challenge, which will help students transform innovative ideas into businesses by working through the early stages of venture creation. Students will compete for a total of $50,000 over the course of the competition, including ‘Shark Tank’-style presentations and straight pitch contests, culminating in the one-day Venture Challenge Competition on April 21, 2016.

The Hofstra/CPXi Venture Challenge is sponsored by Hofstra alumnus and Board of Trustee member Mike Seiman, CPXi’s chief executive officer. CPXi is a digital media company that Seiman launched while he was still a student at Hofstra in 2000.

 

Zarb Means Business

Hofstra University’sCenter for Entrepreneurshipand digital media holding companyCPXihave launched the2016 Hofstra/CPXi Venture Challenge, which will help students transform innovative ideas into businesses by working through the early stages of venture creation.Students will compete for a total of $50,000 over the course of the competition, including ‘Shark Tank’-style presentations and straight pitch contests, culminating in the one-day Venture Challenge Competition on April 21, 2016.

The Hofstra/CPXi Venture Challenge is sponsored by Hofstra alumnus and Board of Trustee member Mike Seiman, CPXi’s chief executive officer. CPXi is a digital media company that Seiman launched while he was still a student at Hofstra in 2000. The company has grown steadily and is now a major player in the crowded online advertising landscape, serving billions of ad impressions in more than 65 countries every day.

As part of this year’s competition, the Center for Entrepreneurship will administer…

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Welcome Back

Welcome back to the Spring 2016 semester at the Zarb School.

As we note on our School web page:

Zarb is among only 10 percent of business schools to earn accreditation in both Business and Accounting from AACSB International, a rigorous certification that attests to how well the Zarb School prepares its graduates for today’s global business environment. Zarb students have won awards in national competitions and successfully launched their own businesses before graduation. The Martin B. Greenberg Trading Room, equipped with 34 Bloomberg terminals, is among the largest and most technologically advanced academic facilities in the nation, where students access the same data and analytics used by financial professionals. Small classes taught by faculty dedicated to teaching and scholarship provide a supportive learning environment with close student-teacher interaction.

Students have access to a wealth of experiential learning opportunities. The Zarb Dean’s Business Scholars Program provides high-achieving students with enrichment opportunities designed to enhance their business education. Conferences, as well as undergraduate and graduate executive speaker series events, explore important themes facing global industries. Active involvement in the more than 40 Zarb student organizations and numerous community partnerships enhance leadership skills and provide students with hands-on experience at local businesses and schools.

Our network of over 30,000 successful Zarb alumni, coupled with a dedicated undergraduate and graduate career services team, provide invaluable connections leading to prestigious internships and full-time positions.

Click the image to access the Zarb School’s home page. 


 
If you would like to make a donation on behalf of the Zarb School, click the image below.


 

Are YOU More Health-Conscious Today? What Do YOU Expect?

This television interview of Hofstra University’s Professor Joel Evans (of the Zarb School of Business) recently appeared on Fios1’s Money & Main$treet program. The interview was conducted by host Giovanna Drpic. It deals with catering to consumers who are interested in a healthy lifestyle. There are many tips and graphics.
 

 

Debra Sandler: A Business Leader Educated at the Zarb School

Debra Sandler, class of 1982 with a BBA majoring in International Business, is one of the distinguished Zarb alumni featured on the School’s Web site. Below her brief bio is a YouTube video with Ms. Sandler.

As Mom-mentum notes:

“Debra Sandler is a visionary global C-level executive with strong marketing and operating management experience, a consistent record of creating and building, enhancing ,and leading businesses and iconic brands, and driving significant growth in some of the world’s leading blue-chip companies. She has extensive not-for-profit board experience.”

Ms. Sandler now serves as a Board Director at Gannett, where she is Chair of the Board’s Nominating and Public Responsibility Committee. Before that: “Ms. Sandler served as Chief Health and Wellbeing Officer at Mars Inc. where she was focused on accelerating Mars’ goal of creating a comprehensive cross-segment strategy to drive change across all businesses. As Strategic Leader for Twix Global Brand (2010-2015), she was the architect for the brand’s strategy, attaining billion-dollar brand status. Leading the first-ever global copy for any Mars Chocolate brand, the unified campaign helped Twix become a Mars growth engine. Ms. Sandler served as President of Mars Chocolate North America (2009–2014), where she led the single largest Mars unit for growth, a $4B chocolate business.”

“Ms. Sandler holds an undergraduate degree in International Business from Hofstra University, an MBA from New York University’s Stern School of Business, and an Honorary Ph.D. from the Long Island University School of Pharmacy.”

 

 

Today’s Job Search Becoming More Frustrating

We know that the job hiring process is much tougher today than in the past — due to companies’ use of key-word computer software to pre-screen resumes, the downsizing of several major companies, and the number of applicants for each good job. But, another disheartening trend for job seekers is the longer hiring process used by many firms. Job seekers must be ready to deal with these trends without getting overly frustrated by them. A positive attitude, and endurance, are essential.

For example, in today’s print version of the Wall Street Journal, Sue Shellenbarger’s report is titled “The Six-Month Job Interview”:

“It has never been easy to land a job, but a rise in hiring has added a new twist: Employers are taking nearly twice as long to hire people as they did several years ago. ​Companies need an average of 23 days to screen and hire new employees, up from 13 days in 2010, says Andrew Chamberlain, chief economist at the jobs and recruiting site Glassdoor, based on a study of nearly 350,000 interview reviews by the site’s users. Applicants run a gantlet of multiple interviews not only with bosses but with teams of prospective co-workers. Also, more people are being asked to submit business plans or face a battery of personnel tests.”[Click here to access the full Glassdoor report.]

“For job seekers, performing well during decision-making marathons requires a thick skin and new skills. Some get frustrated or blame themselves for delays in the hiring process. ‘It can be debilitating. It goes on and on,’ says Carole Osterer, Wayland, Mass., who completed a job search late last year. A human-resources manager at one employer called her with glowing comments. A month later, he called to say the company wasn’t interested after all. After another month, he reversed himself again and asked her to interview, says Ms. Osterer, a university research administrator. She did the interviews but never heard from the employer again.”

 

To read more about the elongated job search process (and see more tips like those below), click the image.

HURDLE: A prospective employer asks you to research and present a full-blown business plan. DO: Target your presentation to demonstrate the specific skills and abilities the employer wants to see. DON’T: Hand interviewers a written report including your most valuable business contacts and intelligence.” ILLUSTRATION: TIM BOWER FOR THE WALL STREET JOURNAL

Wearable Technology Will Boom in 2016

Over the last couple of years, there has been a flood of wearable technology — from smart watches to pure activity trackers such as Fitbit. So, what’s likely to happen in 2016?

Here are 2016 predictions from James A. Martin, writing for CIO.com:

  • “The popularity of wearables will continue to mount.”
  • “Smartwatches won’t kill off dedicated activity trackers.”
  • “Fitbit will remain king of the activity trackers. [But] Competition will heat up for Fitbit.”
  • “Fitbit will add ‘advanced sensors’ to maintain a competitive edge.”
  • “Wearable apps will become more sophisticated — and expensive.”
  • “Hackers will target wearables.”
  • “Athletes will embrace ‘smart clothing’.”
  • There will be more of a “focus on sleep.”
  • “Niche wearables will become commonplace.”
  • “Activity trackers will remind more people to stand up.”
  • “Traditional watch makers will add ‘smart’ elements.”

Click here to read a lot more from Martin.