IN THIS ISSUE

Faculty Research

How Offshore Operations Affect Corporate Tax Payments
President Barack Obama recently proposed tax law changes that would limit companies' ability to defer U.S. taxes on foreign profits, a change the government estimates would help it raise $86.5 billion over 10 years. New research from Professors Scott Dyreng of Duke's Fuqua School of Business and Brad Lindsey of William & Mary examines the intricacies of corporate tax payments on offshore profits, and tallies the total tax burden of companies' operations outside of the U.S. read more »

Economic Stimulus, Tax Breaks, and Corporate Liquidity
Corporate tax breaks included in the recent economic stimulus package, formally known as the American Recovery and Reinvestment Tax Act of 2009, could add an estimated $20 billion of liquidity to the corporate sector in 2009, according to analysis by Finance Professor John R. Graham. Graham and Ph.D. student Hyenseob Kim analyzed the extent to which U.S. companies could benefit from a provision in the stimulus expanding the use of net operating loss carrybacks. This provision allows a company that is losing money today to spread today's loss backwards in time to profitable years, ultimately allowing the firm to obtain a refund for taxes paid on those previous years' operating profits. read more »

Health Policy vs. Health Politics
by Kevin Schulman, M.D.
(an entry from the Duke Research Advantage blog)
The policy goals for health care reform are so clear it should be easy: 1) improve access to health care services — defined as access to insurance; 2) improve the quality of health care services — through health IT; and 3) reduce the cost of health care — through competition or structural changes in the system, such as reform of the small group market. From a policy standpoint, we can debate the intricacies of these various issues and use data or theory to support our arguments. What is happening now in Washington is not health policy, but health politics. read more of this entry and other commentary on the Duke Research Advantage blog »

School News

The Fuqua Annual Fund - Fiscal Year 2009 Results
It should come as no surprise that overall charitable giving trends for fiscal year 2009 were down compared with last year. The good news is participation among Fuqua alumni and friends remains very strong, and monthly totals in June 2009 exceeded the previous June in total dollars and donors. We are working hard to ensure that trend continues through the next twelve months.

Fuqua Annual Fund Giving: $2,268,810 (-13%)
Fuqua Annual Fund Donors: 3,642 (+1.2%)

Our deepest thanks goes to the donors who made a financial commitment to Fuqua this year. learn more about how you can support the school through the Fuqua Annual Fund »

Volunteer Corner

Reunion 2010 Volunteers Needed
Calling all Fuqua ‘0 and ‘5 alumni! April 2010 is nine months away, and WE WANT YOU! If you are interested in learning how you can participate in your upcoming Fuqua reunion, please contact Susie Camp at susie.camp@duke.edu or +1.919.660.7742.

Alumni Connections

DukeGEN Happy Hours, Wednesday, August 12th
The Duke Global Entrepreneurship Network (DukeGEN) provides a connection for Duke alumni interested in entrepreneurship. DukeGEN is currently planning their first set of Happy Hours and will be simultaneously hosting the events in NYC, Washington, DC, Silicon Valley, Los Angeles, London, Boston, Atlanta and Research Triangle Park. Save the date! More details available on the DukeGEN website. If you are interested in hosting a Happy Hour in your city, contact Howie Rhee at hwr2@duke.edu or learn more about hosting.

Alumni Education

Medical Innovation and Strategies Conference 2009
Join Gopal K. Chopra MD, FRACS, MBA, Adjunct Associate Professor at The Fuqua School of Business, and Kevin Schulman, MD, MBA, Director of Health Sector Management and Associate Director, Duke Clinical Research Institute, on September 23, as they discuss wireless and consumer healthcare with a focus on:

• Future impact of wireless technology on healthcare industry
• Understanding the future trends of consumer healthcare
• Expert panel discussions on business models and innovation solutions

Visit the conference website to see the detailed agenda, guest speakers and to register. Questions? Contact Ana Quinn at +1.919.660.7900 or ana.quinn@duke.edu.

Dean Blair H. Sheppard Invites You to the 8th Annual Fuqua School of Business & Coach K Leadership Conference
A failure in leadership is at the heart of the financial crisis of the last year. There is abundant evidence that across many domains we do not have the leaders we need. Developing such leaders is the mission of Fuqua and Duke, be it in the classroom, on the playing field or in service. We know it is important not only to develop our students to be leaders of the future, but to encourage continued leadership development. For this reason the Fuqua & Coach K Leadership Conference was created eight years ago. I would like to encourage you to join us at this year’s conference, which will explore key perspectives and skills that participants need to lead effectively in today’s uncertain times. read more »

Join Fuqua Faculty at CFO Rising West: Reviving Growth and Restoring Confidence
Fuqua alumni are invited to CFO Magazine's 4th Annual Conference and Expo "CFO Rising West" in Las Vegas, NV, September 21-23, 2009. Topic will include:

• Driving performance and profits in a changing world
• How finance can lead Business Transformation
• Where will companies find capital tomorrow—and at what cost?
• The reshaping of financial statements
• Survival of the fittest: what skills do you need now?
• Getting the most out of your working capital

Fuqua Professor Katherine Schipper is a featured speaker at the conference, and will be presenting an executive education seminar titled "Duke Insights: How New Financial Reporting Rules Will Affect the CFO." learn more »

Careers

Attention Recruiters: Online Information Sessions about the New MMS Program
Join Sheryle Dirks, Associate Dean for Career Management, for an interactive webinar to learn more about Fuqua's newest program, the Master of Management Studies (MMS) in Foundations of Business. Sheryle will provide a brief program overview, introduce you to the inaugural class profile, and highlight several convenient options to recruit these talented young professionals. These presentations are offered for alumni and recruiters who want to learn more about the program and/or who may be interested in MMS recruiting for this year or beyond.

The MMS program represents a great opportunity to build the Fuqua and Duke brands in the global employer marketplace, and we look forward to building a strong, diverse recruiting portfolio in partnership with our alumni! The online information sessions will be held:

• Thursday, July 30, 4:00-4:30 pm ET
• Tuesday, August 4, 1:00-1:30 pm ET
• Wednesday, August 5, 1:00-1:30 pm ET
• Thursday, August 6, 9:00-9:30 am ET

To RSVP, send an e-mail to Kelly Mills at katherine.mills@duke.edu and indicate in which session you will participate. Please also tell us your name, company name, job title/role, and graduation year. Kelly will provide you with the appropriate log-on information for that date and time. We hope you'll join us online to learn more!

Upcoming Events

Happy Birthday!

Christine Folchi '03
Pallavi Garg '08
Susan A. Hodge '83
Steve Lawson '93
Amy Wedeking Shannon '90
Randy Smith '72
Kunal Taneja '09
Chandra Sekhar Viswanathan '08

We asked the alumni above celebrating a birthday July 23, "Where are you now?" Here's what they said...

Fuqua on Facebook

Become a fan of Fuqua's Facebook page to see what's happening at the school and with your former classmates. Please feel free to post photo albums and updates to share with others.

Executive Education

Advanced Management Program
September 13-25, 2009
& November 8-20, 2009
April 18-30
& June 13-25, 2010

Duke Leadership Program
September 13-18, 2009
December 6-11, 2009

Media Mentions