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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Feb. 22, 1988)
c Professor’s offer gets an T9 By Editorial Staff ■ Columbia Spectator Columbia U., NY Adjunct Business School Profes sor Asher Edelman thought stu dents in his corporate merger class needed a little something to fire them up about the coursework. So Edelman, one of Wall Street’s lead ing raiders, came up with the per fect incentive: a $100,000 finder’s fee to a student who could come up with a suitable corporation for Edelman to take over. Great, right? Now there’s a real reason to hit those books. But then that stodgy old B-School Dean John Burton be gan to rain on the money parade. “Totally inappropriate,” he said, forbidding the reward. And Edel man’s unhappy students had to go back to grubbing for grades instead of money. What’s the problem, some stu dents ask? Incentives like Edel man’s are part of the real world of business, and they have a legiti mate teaching role in the graduate program. But the question is whether an academic institution should be reinforcing the seedy Wall Street sentiment that money chasing—rather than corporate efficiency, worker satisfaction or increased productivity—is the summum donum of business enter prise. Edelman’s offer perpetuates a flawed and dangerous notion— that the only things worth doing right are those that pay off big. Even The New York Times sees Burton’s insistence on “academic purity’ as unreasonably idealis tic—especially at the B-School, where making money the new fangled way is the raison d’etre. But if you can’t advocate ideals in the university setting, where can you? The goals of classroom learn ing must be broader and more ethi cally sound than the goals of the average Wall Street grind. The business program, however closely linked to Wall Street, has a responsibility to teach not only what is, but what should be. No one expects professors training stu dents for the cut-throat world of business to be ivory tower idealists. But the B-School remains an academic institution, and some academic conventions must be re spected—like the very basic idea that professors don’t pay their stu dents for in-class performance. Stodgy old Dean Burton was right. COMMUNITY LIFE Buddies American U.’s Big Buddies offer more than just ‘help with homework ' Page 12 YOUR MONEY Scraping by Students budget to prevent skimpy meals at month's end. Page 11 CAREERS Finance jobs alluring Finance management jobs attract students from all walks of life. Page 10 ECONOMICS Teeing off in business Golf is an advantage in the business game. Page 10 ..Ptoat m> MMUAT AN UTUCttlON WOUIP MAKE Ml W. NPPtAUNG. "WUNONfc‘5 POlNC, IT twiv tou? Mi.., 50 \ GPWt It A TRV..« m? efcPORt \ KNtVO It, \ WA5 TAKING 0U1 10AN5 10 PPM FOK MV WAftlt. NOW, IM ft30,000 W PtfcT ANP \ CANT GtT A PtCtNT JC6. f => Tough new law cuts GSLs Students face \ hard times By Michelle Allen ■ The Daily Kent Stater Kent State U., OH Experts from the U S. Department of Education project a 15 percent reduc tion in the number of GSLs awarded to undergraduates and 25 percent for graduate students, according to the Chronicle of Higher Education. In 1986, Edward Irish, former Kent State associate director of Student Financial Aid, conducted a study on the impact the 1986 Higher Education Amendment would have on the GSL program at Kent State. Last year 6,571 students received GSLs. The study projects that of that same number, 3,749 students will re ceive reduced GSLs. Of these 3,749 stu dents, 806 will not be eligible for any GSL. Last year Kent State certified a total of $13,000,160 in GSLs. This year, according to the study and the associate director of Student Financial Aid Theo j dore Hallenbeck, KSU is projected to I certify $3,087,823 less. Kent State administrators were anti cipating reductions in loans since Con gress made changes last year, but few students were prepared for the cuts. Shelly Wilson, 19, a junior interior ! design major, lost $2,300 of her GSL this year. Wilson has received the max imum amount available, $2,500, for the past two years. This year she is eligible for only $200. “My family is struggling to keep me in school,” she said “Two hundred dollars won’t even buy my books.” Speculating about why her GSL was so dramatically reduced, Wilson said, “1 guess it is due to the new laws consider ing parents’ assets when calculating how much families can pay for college. “We’re not rich. We bought a new house which is highly valued and this took my GSL away. Being an out-of state student, I need the financial aid even more.” According to an article in the Con gressional Quarterly, congressional aides say lawmakers cut the number of students eligible for loans when revis ing the Higher Education law in an effort to curb the loan program’s grow ing cost. See GSLs, Page 12 Laid back dude’ rents mini fridges cc 2 cc Greg Wadley hates normal jobs, so he began his own refrigerator rental service. By Sarah Stettler ■ Daily Nexus U. of California, Santa Barbara “I like to go out with my friends. I like to get wild. But—I don’t know. Some times my brain just won’t stop thinking about it—ways to try to make money. Everything I see—it’s like psychotic,” U. of California, Santa Barbara sopho more Greg Wadley said. Wadley surfs, he parties, he’s into sports—but there is something diffe rent about him. He has a certain entre - preneurial air. Wadley s motivation comes from a fierce sense of independence combined with a marked distaste for the ordinary. “I hate working for hourly wages. Whenever 1 get a job, I end up hating it within three weeks." He also has an eye for opportunity. “You see something that works in another town, something that you might need, then other people need it too,” he said. When asked about his apparent preoccupation with devising new ways of making money, Wadley said, “It doesn't really bother me that much. It just gets out of hand some times when it’s (money ) the only thing I can think about. It usually goes away. A few beers and it goes away.” At Francisco Torres dorm, where Wadley lived last year as a freshman, there was a large demand for dorm re frigerators but a small supply. The re frigerators FT. offered for rent were also “really expensive" and the students had to transport them to and from their rooms on their own, Wadley said. So he bought 10 dorm fridges from a refrigera tor distributor. He posted signs and waited, but not for long. At $65 per year, plus a $15 returnable deposit, his hunch was right on the money—the service was appealing, especially to cost conscious freshmen who didn’t want to deal with F.T.’s system. His refrigerators were newer, cheap er and he offered drop-off and pick-up service. He arranged a maintenance agreement with a private company, rented a truck to transport the re frigerators, and delivered them to wait ing customers within a few days of their order. After the students were done with his refrigerators in June, he retrieved them with few problems. The only difficulty arose during finals, when Wadley found himself sharing his tiny dorm room See Fridge, Page 12
