Monthly Archives: March 2016

Zarb School Experts and Media Coverage

Under the auspices of University Relations, Hofstra has a number of experts who interact with the media on behalf of the University:

“The Hofstra University Press Room [(516) 463-6818] serves as a resource for the media to discover the many different areas of specialization of our diverse faculty. They are available for expert commentary on breaking news or feature stories on hundreds of topics.  This section was designed to help reporters reach Hofstra University experts easily. The site is a tool that will offer the most current information on some of our experts currently in the media. Here, many topics from many experts, are at your fingertips. Our goal for this section was to best serve the University by informing the public and the media of Hofstra’s distinguished faculty achievements, most current research and activities, as well as expanding the general visibility of the University.”

Here, shown alphabetically, are Zarb School faculty who participate in this initiative and are currently listed on the Hofstra experts’ Web page:

 

How Well Are World Leaders Paid?

We know that senior business executives, popular celebrities, and star athletes make a lot of money. But, how do world leaders rank in terms of their compensation? And what do YOU think about this?

Here are 20 highly-paid world leaders according to 24/7 Wall St., as reported by Thomas C. Frohlich:

“In many countries, politicians frequently make more than the average citizen. This is especially true of countries’ leaders. While the size of a president’s or prime minister’s paycheck varies considerably between countries, world leaders are on the whole paid very well.”

“Though leaders’ salaries do not align perfectly with their countries’ GDP per capita, there is an interesting trend. In Singapore, which trails only Luxembourg in wealth, Prime Minister Lee Hsien Loong earns about $1.8 million yearly and is by far the highest paid leader. However, in Iceland, which is among the least wealthy nations of the 20 considered, Prime Minister Sigmundur Davíð Gunnlaugsson has the lowest annual salary ($133,729) of the 20 leaders.”

 
Following are the annual salaries of the twenty leaders as per 24/7 Wall Street.

  1. Lee Hsien Loong, Singapore, $1.8 million
  2. Leung Chun-ying, Hon Kong, $576,000
  3. Johann N. Schneider-Ammann, Switzerland, $460,000
  4. Barack Obama, United States, $400,000
  5. Malcolm Turnbull, Australia, $396,000
  6. Werner Faymann, Austria, $343,000
  7. Xavier Bettel, Luxembourg, $255,000
  8. Justin Trudeau, Canada, $253,000
  9. Angela Merkel, Germany, $244,000
  10. Charles Michel, Belgium, $239,000
  11. Stefan Lofven, Sweden, $235,000
  12. Lars Lokke Rasmussen, Denmark, $222,000
  13. Enda Kenny, Ireland, $209,000
  14. David Cameron, United Kingdom, $206,000
  15. Mark Rutte, Netherlands, $204,000
  16. Shinzo Abe, Japan, $203,000
  17. Francois Hollande, France, $202,000
  18. Erna Solberg, Norway, $187,000
  19. Juha Sipila, Finland, $159,000
  20. Sigmundur Davíð Gunnlaugsson, Iceland, $134,000

 

Entrepreneurs-in-Residence Program Launches to Mentor Students

Thanks to the Center for Entrepreneurship, a new network of experienced leaders is graciously providing their time to serve as mentors for Hofstra students interested in the practical side of entrepreneurship. Their brief bios are below.

Hofstra’s Karla Schuster sums up this new program:

“Six accomplished entrepreneurs who have launched dozens of startups among them will be working with Hofstra University’s Center for Entrepreneurship this spring, mentoring students and helping them develop their ideas into successful companies.”

“The Entrepreneurs-in-Residence program will provide training and assistance through interactive workshops on a variety of topics as part of the Center for Entrepreneurship’s Accelerator program, including preparing a pitch and building a business without outside capital. The entrepreneurs also will keep regular office hours at the center’s IdeaHUb (Room 246 Axinn Library).”

“’The Center for Entrepreneurship is lucky to have assembled a world-class team of serial entrepreneurs, corporate executives, and investors who have tremendous experience to share with the community at Hofstra University,’ said Center Executive Director Mark Lesko. ‘Tapping into their experience and knowledge is an extraordinary opportunity for our students.’”

The Entrepreneurs-in-Residence are:

Aaron Foss

He is an accomplished serial entrepreneur with 5 companies under his belt. In 2011, he was a part of Techstars (NYC) with SideTour, a marketplace for unique experiences, which was acquired by Groupon in 2013. His current startup, Nomorobo, has stopped over 68 million unwanted and illegal robocalls from reaching consumers since launching in 2013. Nomorobo was chosen as the winner of the Federal Trade Commission’s (FTC) Robocall Challenge and named “Best New Product” by CableLabs. Aaron has been featured in the New York Times, Wired, CNN, CNBC, and Fox News. He lives in Port Jefferson, NY.
 
Kevin Hesselbirg

He is an experienced CEO in financial technology and an angel investor. He was the CEO of Primatics Financial, which addresses a financial institution’s most complex finance and risk challenges. Prior to joining Primatics, Hesselbirg spent 14 years at OpenLink Financial, where he served as CFO, COO, and CEO, growing the company from less than $20 million in revenues and 100 professionals to more than $325 million in revenues, a global team of 1,250 and 500 customers. He began his career at Ernst & Young LLP, where he ascended to the position of Audit Manager, providing both audit and business advice to high growth businesses primarily in the medical technology industry.
 
Peter Kestenbaum

He has worked with dozens of startups in the New York area, held similar Entrepreneur-in-Residence positions or adjunct roles at several universities including Montclair, Rutgers, and NJIT. He is Managing Partner of 1099Partners, a firm with ex-senior executives that services the emerging market space. He currently advises, coaches, or is an investor in eight local firms. Kestenbaum was an early employee (1983-1998) of Sun Microsystems and held a variety of positions. Earlier, he worked directly for or with people such as Eric Schmidt (currently Chairman at Google) and Scott McNealy, founder of Sun Microsystems. He also has held an advisor role to senior staff at IBM.
 
Jeff Leventhal

He is an experienced entrepreneur and CEO who has built market-moving companies. He has led technology firms from idea to exit, driving the vision, product, team development, financing, acquisitions, and exit strategies. His primary focus includes SaaS technology in IT services, staffing, and human capital. Most recently, he was Founder and CEO of Work Market, a SaaS enterprise platform for managing independent workers and freelancers. Previously, he was founder and CEO of OnForce (sold to Adecco), Lansafe Network Services, Remote Lojix (sold to AvTel), and Spinback (sold to Buddy Media/Salesforce.com). He has invested in several companies in which he has taken board and advisory roles.
 
Mike Quilty

He is a Managing Director at Saltaire Capital Partners, which invests in and acquires early stage healthcare organizations. He was founder and CEO of Matrix Medical Network, a healthcare firm recognized in the Inc. 500/5000 Fastest Growing Companies in both 2009 and 2010. He grew the business to over $100 million in revenues and 500 employees before selling the firm. Previously, he was as an executive at several startup, consulting, and pharmaceutical firms. Before entering civilian life, he served in the U.S. Navy as a Lieutenant. He is a founding member of the Board of Directors of the Care Continuum Alliance, a not-for-profit organization. He also serves on the board of Kettlebell Kitchen (Brooklyn, NY), PWN Health (New York, NY), and Integra Health Services (Owens Mill, MD).
 

Barbara RobertsPreviously a Wall Street executive and then serial entrepreneur, she is now an Entrepreneur-in-Residence at the Columbia Business School and Group Chair at Tiger 21, the peer learning group for very high net worth people and entrepreneurs She is also a member of the Suffolk County Planning Commission. She is a well-known speaker and writer on all stages of entrepreneurship, and the economic and leadership progress of women. Roberts develops and leads programs and workshops for entrepreneurs at all stages for institutions and government agencies, including Columbia Business School and University, the Women’s Presidents Organization, WBENC, the New York City Economic Development Corp., Brookhaven Labs, and Suffolk County, NY.

 

2016 CPXi Semifinal Gets Student Entrepreneurs Closer to Dreams

As we noted in January 2016, Hofstra University’s Center for Entrepreneurship and digital media holding company CPXi 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 compete for a total of $50,000 over the course of the competition, including ‘Shark Tank’-style presentations and straight pitch contests.

Now, the semifinalists have been chosen. Hofstra’s Ginny Greenberg reports that:

“More than 30 teams participated last week in the Hofstra-CPXi Venture Challenge Semifinal Round, where aspiring student entrepreneurs presented ideas for products and businesses before a panel of accomplished judges. A select group of these students is moving forward in the competition, inching closer to a share of total undergraduate prizes of $30,000 and total graduate prizes of $12,000 that would help bring their business plans to fruition. The final competition will be held on April 21, 2016 at the Hofstra Northwell School of Medicine.”

Run under the auspices of Hofstra’s new Center for Entrepreneurship, which is led by Executive Dean Mark Lesko, the teams had two minutes to pitch their ideas to a panel of judges, which included Hofstra alumnus and Board of Trustee member Mike Seiman, CEO and founder of CPXi. They had an additional two minutes to field questions from the judges about product research, prototypes and competition in the field.”

Click here to read more.

Below are two examples from the semifinal competition.

Alec Polsley and Connor Farrelly present “Octobox” — a secure home package delivery box — to the judging panel.

Qi Liao and Lu Sun unveil their idea for a fresh food vending machine.

 

Best Jobs and Best-Paid Jobs in America: 2016

Glassdoor is an online job search firm: It has a database of “more than 8 million company reviews, CEO approval ratings, salary reportsinterview reviews and questions, benefits reviews, office photos, and more. All of this information is entirely shared by those who know a company best — the employees.”

Here are links to just a few of Glassdoor’s most valuable Web pages: 

Click the image to access Glassdoor’s research blog.


 

Don’t Fall into the Imposter Syndrome Trap

Earlier this week, we published a post titled  “Be in Charge of Your Own Self Brand; Don’t Let Others Define You”: “Just be persistent and confident in your abilities, work hard, and learn as much as you can about every facet of your life! This is about YOU being the master of your own self-brand, and not having others define you instead.”

This post focuses on another self-esteem/self-brand trap that we do NOT want to fall into known as the “imposter syndrome.” This syndrome could occur at any stage in one’s career or life.  As Brianna Ruffin reports for the Center for Communication:

“Coined by clinical psychologists Dr. Pauline Clance and Suzanne Imes in 1978, imposter syndrome refers to a high-achieving person’s fear of failure and lack of faith in their own abilities. In college, this manifests itself as students believing their past achievements mean nothing compared to those of other students. You might look at a classmate who was valedictorian and head of the student council, who also participated in three sports and think to yourself, ‘I don’t deserve to be here.’ This can be especially true for first-generation, low-income, and/or racial minority students, but anyone can look at this imaginary high bar and experience impostor syndrome.”

“Thankfully, a few small changes to your everyday life can lessen or completely eliminate the syndrome’s chronic effects. Many people deal with this sensitive issue in different ways, but the following steps should help you identify situations where you experience feeling like an imposter and take back control.”

Here are six specific tips from Ruffin: 

  1. RECOGNIZE THAT YOU DESERVE TO BE HERE
  2. TAKE PRIDE IN YOUR BACKGROUND
  3. STOP COMPARING YOURSELF TO OTHER PEOPLE
  4. DON’T BE AFRAID TO ASK FOR HELP!
  5. TALK ABOUT YOUR FEELINGS WITH YOUR FRIENDS
  6. KNOW THAT YOU’RE NOT ALONE

To learn more about each of the above steps, click on the image below.

 

The Vetr University Stock Picking Challenge

The Vetr University Challenge Is Now Open for Spring 2016 

Vetr is an investment research platform where users have the ability to make ratings on stocks, and we put together a stock picking competition for college students. The students are required to predict at least 10 stock prices on Vetr.com and whoever is the most accurate will win an internship with us here at Vetr. This is great hands-on experience for aspiring investment analysts or for those who want to learn more about the stock market.

We had such a great turnout of students last year, 325 students from 130 schools worldwide, and it would be great if we could see some more get in on the action. You  can learn more and register at www.vetr.com/universitychallenge. 

See the flyer below for more details.

Vetr University Challenge Flyer_20160201