Dr. Philip Sirianni (Economics, Finance, & Accounting) was invited to give a presentation on his paper titled “Pigovian Taxes with Non-Separable Environmental Damages” (co-authored with Mariel Doyle ’15) in the Department of Mathematics, Computer Science, & Statistics Seminar Series on Friday, January 29th, 2016. The talk is open to the public, and will take place in Fitzelle Hall, Room 205, at 3:00 pm.

On Tuesday, December 15th, Beta Gamma Sigma partnered with the Student Advisory Council to host the first biannual Study Day Peer Tutoring Session! Over 70 students were in attendance for free peer tutoring from BGS and SAC members covering courses in accounting, finance, economics, marketing, and management on the study day before finals week began. BGS students and the SAC would like to thank the faculty who came and supported in our tutoring efforts. The event was the first of its kind for the School of Economics and Business and served as an excellent networking session as well. Students were able to meet with each other and faculty outside of the classroom which was a refreshing change of pace. The tutoring took place in a very relaxed environment in which students from all SEB majors came together to achieve one common goal: acing our finals. We hope to see you there next semester!

The Student Advisory Council of the School of Economics and Business is pleased to announce the publication of its Fall 2015 Student Newsletter! Click here to view the latest issue.

Members of the Business Advisory Council (BAC) of the School of Economics and Business came to campus on December 5th, 2015, for a day-long meeting with Dean David Yen and SEB faculty. BAC members were presented with updates from Dr. Yen on the AACSB Self Study, and received reports from the Strategic Planning Committee, Branding Committee, Internship and Placement Coordinator, Curriculum Committee, and the ad hoc Committee on Faculty Productivity Guidelines.

Below are a collection of photos from the meeting. Meeting minutes can be found here.

Dr. Cees Lanting

In this directory you will find a collection of guest lectures given by Dr. Cees Lanting, Senior Marketing manager European projects (CSEM, Switzerland) and  Co-Chair of the EPoSS Working Group on Smart Communications & IoT and EPoSS Working Group on Manufacturing and Robotics, to MIS 351 students and MMI faculty, on the following topics:

  • European Research;
  • European Research on Smart System Integration, (integrated) Smart Systems and Cyber Physical Systems; and
  • Internet of Things (IoT) and Data Management.

Smart Systems
Student Presentation
IoT (Video #1)
IoT (Video #2)

The Internet of Things (IoT) is the network of physical objects or “things” embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data. The Internet of Things allows objects to be sensed and controlled remotely across existing network infrastructure, creating opportunities for more direct integration between the physical world and computer-based systems, and resulting in improved efficiency, accuracy and economic benefit. Each thing is uniquely identifiable through its embedded computing system but is able to interoperate within the existing Internet infrastructure. Experts estimate that the IoT will consist of almost 50 billion objects by 2020.

British entrepreneur Kevin Ashton first coined the term in 1999 while working at Auto-ID Labs (originally called Auto-ID centers – referring to a global network of Radio-frequency identification (RFID) connected objects). Typically, IoT is expected to offer advanced connectivity of devices, systems, and services that goes beyond machine-to-machine communications (M2M) and covers a variety of protocols, domains, and applications. The interconnection of these embedded devices (including smart objects), is expected to usher in automation in nearly all fields, while also enabling advanced applications like a Smart Grid and expanding to the areas such as smart cities.

“Things,” in the IoT sense, can refer to a wide variety of devices such as heart monitoring implants, biochip transponders on farm animals, electric clams in coastal waters, automobiles with built-in sensors, DNA analysis devices for environmental/food/pathogen monitoring or field operation devices that assist firefighters in search and rescue operations. These devices collect useful data with the help of various existing technologies and then autonomously flow the data between other devices. Current market examples include smart thermostat systems and washer/dryers that use Wi-Fi for remote monitoring.

Besides the plethora of new application areas for Internet connected automation to expand into, IoT is also expected to generate large amounts of data from diverse locations that is aggregated very quickly, thereby increasing the need to better index, store and process such data.

Therefore, the IoT will drastically change what we know of and how we see the environment, infrastructure, technical goods in our usage or possession, and even what we know of, how we see our body, and how we can keep ourselves healthy (e/mHealth). Moreover, the Internet of Things will enter in any type of industry. It will largely replace and complement inventory management, support preventative maintenance, and may help reduce technical and non-technical incidents.

Soon after his trip to Oneonta for the December BAC meeting, Dr. Lanting spoke about IoT and Smart System Integration to 15,000 attendees in the European Commission on Smart Wearables Day (December 11, 2015). Clicking here will bring you to the main page, where links to the presentations and streaming video can be found. (Dr. Lanting’s presentation starts at 40:45). Dr. Lanting’s abstract is there as well as a very short initial project proposal.

On December 4th, the Accounting Society welcomed a very successful alumnus to the school, John DeMelis. He received his Bachelor of Science degree in Business Economics with a minor in Accounting from the State University of New York, College at Oneonta. Mr. DeMelis has been working at Ernst & Young (EY) for more than 25 years and  is currently a partner. He has been the Northeast Leader of Climate Change & Sustainability Assurance Services, and is currently handling EY’s Auditing Methodology on a national level to enhance audit quality. Mr. DeMelis is actively involved in the development and deployment of the EY assurance learning curriculum as he has experience serving companies across diverse industries, including consumer products, manufacturing, service and commodities trading.

Mr. DeMelis addressed the Accounting Society regarding his experience at EY, the skills necessary to succeed in professional accounting, as well as the importance of taking the CPA exam. Mr. DeMelis stated that the reason he loves what he does is due to the fact that he learns something new on a daily basis. Mr. DeMelis emphasized the importance of gaining real world experiences in the classroom, with direct examples including creating case studies and drafting research memos. He advised students to get involved with clubs, take on leadership positions, and volunteer in their respective communities, all to better prepare themselves for the professional world. Furthermore, Mr. DeMelis and his wife, Claudia DeMelis, give back to current SUNY Oneonta School of Economics and Business students through their “Founders Scholarship in Accounting”. This scholarship is awarded to a Professional Accounting major who is working part time, involved in the community, and demonstrates leadership qualities.

John DeMelis


Dr. Kai Chen, Assistant Professor of Finance, will make a presentation at the Fall 2015 School of Economics and Business Faculty Seminar Series. The title of Dr. Chen’s presentation is “Debt Structure and Capital Structure Adjustment.”  The presentation is open to faculty, students, and the public. It will be held 4:00 pm on Wednesday, December 2, 2015, in Fitzelle Hall, Room 131.

This past Thursday I met with a SUNY-Oneonta College Fed Challenge team for the last time in my formal role as Faculty Advisor-I sent them out of the classroom to the sound of Frank Sinatra singing My Way.  Sure, we still have our pizza party where we’ll get together to celebrate our success, reminisce about the good times we had together preparing for and participating in the competition, and think back to appreciate what we’ve learned together.  If past College Fed Challenge pizza parties are any guide, there’ll be a few other things said that will make us all laugh, but those moments will best be kept within the team. After all, some of what happens in Fed Challenge stays in Fed Challenge.

My journey as Faculty Advisor to the College’s Fed Challenge team started back in the spring of 2008 when Wade Thomas, then Associate Dean of the Division of Economics and Business, sat me down and showed me a card he’d received from SUNY-Geneseo publicizing their success in the competition and asked me if I’d be interested in putting together a team.  I’d attended an information session concerning the competition a couple of years previously, but I didn’t think we could get enough students interested to seriously compete.  However, that card from Geneseo in Wade’s hand indicated that his “request” meant that we’d have a team ready to go in the fall of 2008.  I went to the Economics Club and together with the help of two alums, Rich Deitz and Rich Yamarone, we recruited five students who agreed to form a team.  That fall we got together every Monday afternoon at three in 228 Netzer to work on our knowledge of the Fed, monetary policy, macroeconomics, and to put together a presentation.  As the date of the competition got closer, our meetings became more frequent as what we needed to know was changing rapidly due to the ongoing Financial Crisis.  The agenda for our last meeting, which took place on the Saturday before the competition, was to decide on a policy recommendation.  It soon became clear to me that there was no consensus within the team as to what to do concerning the federal funds rate.  I left them in 228 Netzer and told them to come up to my office when they had reached a decision.  Two-and-a-half hours later they knocked on my door to inform me that by a 3-2 vote, they had decided to keep the target for the federal funds rate at one percent.  The fact that it took them so long to reach a decision told me that they knew their material and were quite ready for the competition.

(The Federal Open Market Committee, the policymaking group in the Fed, decided a month later to lower its target to a range of zero to one-quarter percent, where it remains still.  Our 2015 team recommended to keep that range in the first round of this year’s competition, but changed its recommendation to raise the target range to one-quarter to one-half a percent for the semi-final round when data indicated a stronger labor market.)  Following their presentation, I asked the team how they thought they had done.  The smiles on their faces and their thumbs up were all I wanted-those are all I’ve ever wanted.  As long as we have given the competition our best effort, think that we have done a good job during the presentation and in answering the judge’s questions, as well as come out of the competition with better research, presentation, and team skills than we had going in, I thought we’ve done a good job.  Fortunately we’ve done that in all eight years that I’ve been fortunate enough to be the team’s Faculty Advisor; the facts that we’ve advanced to the semi-finals in three of those years and the finals in another year is just icing on the cake.  One thing we did change after that first year was to give the students academic credit for their efforts.  In 2009, they got one credit, but in 2010, College Fed Challenge Preparation became and remains a three-credit economics course.

I want to thank a lot of people who’ve made my being a part of the College Fed Challenge one of the most rewarding experiences during my career at Oneonta.  First off is Wade Thomas for his “request” that we take part in the competition and then in August 2010, ensured that we continued to field a team.  Next are my colleagues who’ve taken time to sit in on meetings of the team to choose who would represent the team in the competition in New York (I’m too close to the team to do that objectively, so I’ve left those decisions to others); over the years, they’ve included Paul Bauer, Lisa Flynn, Charlene Foley-Deno, Magdalena Lorenz, Mike McAvoy, Jamie McGovern, Maggie Morrison, Bill O’Dea, Dona Siregar, Phil Sirianni, Wade Thomas, Don Trippeer, and Qun Wu.  I’d also like to thank those colleagues, add my colleague Barbara Durkin, and many known and unknown students who came out to the teams’ dress rehearsals and asked so many valuable questions, as well as offering their emphatic support for the teams.  I need to thank the SUNY-Oneonta Student Association and The Caroline and David D’Antonio Student Travel for Excellence Fund for their financial support in getting teams to New York for Orientation Meetings and Semi-Final rounds; I especially want to thank the late Bonnie Robinson in the Student Association and Kathy Meeker and Audrey Porsche in the Grants Development Office with help in obtaining financial support for the teams’ travel.  I’d like to thank Margaret Monaco in the School of Economics and Business for making sure we had color copies of our presentation for the judges these past three years.  Rich Deitz and Rich Yamarone not only helped me recruit our first team, but they’ve been there every April to explain the value of participating in the College Fed Challenge; they’ve been joined in that recruitment effort by my colleagues in the School of Economics and Business, and the best recruiters of all, members of teams from previous years.  I appreciate that Jackie Lovisa took time to meet our teams on the days they competed in the semi-finals at the New York Fed.  And thanks are due to the Federal Reserve Bank of New York for its effort to put on the competition.  I’m very grateful to Paul Bauer for subbing for me as advisor during parts of the fall of 2014 so I could take care of my mom and then be with my family following her death.

My deepest gratitude is reserved for the seventy students who have been SUNY-Oneonta College Fed Challenge team members.  The efforts they have put into the competition have always amazed me; the comraderie that has bounded them together has been wonderful to observe.  They have never been intimidated by the fact that they have to compete against the best schools in the Second District.  These past eight falls the following young men and women signed up for the adventure that has enriched my life so much.

2008 Team

Thomas Glennon, Abdul Rahim Nurani, Burton Relethford, Gurpal Singh, Rushpal Suri.

2009 Team

Sakshi Bajaj, Ben Birkett, Bryan Folkl, Abhishek Lochab, Halakkumar Patel, Nikhil Patel, Saurendra Shah, Michelle Silsbe, Gurpal Singh, Harpreet Singh, Robert Statts, Zishan Qamar Wariach, Amanda Willsey.

2010 Team

Jonathan Baptiste, Sarah Gravelin, Patrick Joy, John Martino, Daniel McCahill, Halakkumar Patel, Saurendra Shah, Michelle Silsbe, Andrew Turner.

2011 Team

Robert Cruz, Karl Lange, Rocco Matra, Travis Norman.

2012 Team

Angelica Aldana, Lend Anadolli, Kayleigh DeLuca, Julia Fremante, Liam Gallagher-Siudzinski, Karl Lange, Colette Lankowicz, Daniel Lounsbury, Conor Mcelhearn, Landen Parish, Michael Rubcewich, Jeffrey Schnorbus, Jessica Silsbe, David Stanton, Katherine Tighe.

2013 Team

Angelica Aldana, Andrew Boylan, Michael Coleman, Matthew Elliott, Conor Mcelhearn, Abigail Renneman, Kyle Sisco, Daniel Stern, John Tenke.

2014 Team

Mark Alvarez, Mubarak Bawumia, Tim Boss, Andrew Burke, Michael Coleman, Daniel Dougherty-Samowitz, Brendan Mullen,  Charlene Nelson, Sean O’Hara, John Perruna, Jennifer Rushlow, Kyle Sisco, Josuette Vasquez.

2015 Team

Elizabeth Benedict, Lauren Bracco, Michael Hodges, Andrew Jensen, Daniel Marino, Jennifer Rushlow, Angelica Salvati, Colleen Shannon, Derek Smith, Michael Snyder.

Next fall someone will have the good fortune to take over for me as Faculty Advisor of the SUNY-Oneonta College Fed team.  He or she will do just fine because that person will have the support of my colleagues and we’ll recruit another fine group of students to make up a team, including, if their schedules allow, Andrew, Angelica, and Beth.


Over fifty SEB students attended the annual Backpacks to Briefcases trip in NYC this October. This networking event allowed opportunities for the students to connect with Oneonta alumni working in NYC’s financial district. The students were able to visit three firms, engage in presentations to learn more about the firms, and gain professional insight from the alumni. This year, students visited alumni from Ernst & Young, AmTrust Realty, Citi, ABM, Bloomberg, Herrick, Anchin Block & Anchin, Debtwire, Green Key Resources, Frankel Benefits, AllianceBernstein, Treasury Partners, Westminister Research, Pine River Capital, Investopedia, and Shawmut Construction. After completion of the visits, students and alumni were invited to attend a networking reception held at Latitude Bar and Grill on 783 8th avenue, where individual relationships were established in order to expand on everyone’s professional-networking contacts. Thank you to our participating alumni for sharing your time and insight to help better our students and further the SEB: John Doherty ‘87, Anne Holker ‘78, Christine Dilandro ‘87, Larry Pestana ‘11, Richard Yamarone ‘85, Bill Fried ‘84, Robert Gillman ‘89, Seth Crystall ‘80, Rob Kahn ‘93, Larry Kirshner ‘89, Steven Miller ‘91, Richard Saperstein ‘81, Timothy O’Halloran ‘82, Aaron Tawil ’90, Annette Krassner ‘84, Scott Miller ‘91, Frank Caruso ‘78, and Thomas Glennon ‘09. With continued engagement of our alumni and students, we hope to have an even larger turnout next fall.

Please check out the following collection of photos from the trip!

On October 30th, the School of Economics and Business Student Advisory Council hosted alumnus Scott Salmirs for the Fall 2015 Distinguished Speaker Series Lecture.  Mr. Salmirs is the President and CEO of ABM. His lecture was titled “From Student to CEO and the Lessons Along the Way,” in which he discussed the road that he traveled to get to his current position and how his biggest failures led to his greatest opportunities. At the end of his presentation, Mr.Salmirs left time for questions from the audience, and encouraged students to grow and experience every opportunity given to them. We thank Mr. Salmirs for taking time out of his busy schedule to engage with SEB students this way, and we look forward to many more lectures like this in the future.

The presentation slides from the talk are available here.

Dean Yen welcomes SEB students

SAC President Michelle Nguyen introduces Mr. Salmirs