Skip Navigation

The Bolte School News

Hazel Ann Mayers of CBSHazel-Ann Mayers will give the keynote speech at this year’s Bolte School of Business Ethics Pledge event. Mayers is the Senior Vice President, Assistant General Counsel, Litigation and Chief Compliance Officer for CBS Corporation. As a representative for CBS and its business units in litigation matters, Mayers was excited to speak to this year’s senior class business majors about cultivating and maintaining a strong ethical framework.

During the annual Ethics Pledge event senior class business majors commit to always act ethically in the business world. The pledge provides a strong foundation for students as they move from classroom to career, and holds the students to the high ethical standards embedded in the Bolte School curriculum.

Mayers, a Harvard Law School graduate, believes it is important for graduating seniors to have a strong moral compass and, “as they begin their careers and professional development should constantly be aware that their actions align with their standards.” Mayers is impressed by the fact that Mount St. Mary’s has an ethics pledge for the seniors and considers the issue to be of utmost importance, specifically for those about to enter the workforce.

Past Ethics Pledge speakers have included Richard J. Bolte Jr. C’ 79, Heath Tarbert C’98, Scott Briggs, and Charlie Haberkorn C’80.

The Ethics Pledge will be held Thursday, April 16, at 4 p.m. in Knott Auditorium.

Liam McManimonIt’s not everyday you can take something from the basketball court into an Econometrics course, but that is exactly what Liam McManimon did. In a research paper for the course, Liam analyzed the relationship between ticket prices for Division 1 college basketball games and a number of school, team, and city characteristics using regression analysis. The main question Liam was after?  “Why are Division 1 college basketball ticket prices higher at some schools than others?” 

Liam spent much of his time and effort compiling the required data for more than 50 schools, estimating and testing his models, and finally interpreting results. Despite an extremely tight schedule as a member of the Mount basketball team, Liam “produced a well-written and well-researched paper,” said Dr. Solomon Tesfu, Liam’s mentor for the project. The key finding?  Team rank is the most important factor influencing ticket prices for Division 1 college basketball games. “On the surface an ordinary correlation but for Liam to use econometrics to explain the reasoning is where real learning takes place,” says Dr. Tesfu.

Liam's high level of interest in econometrics is a good example that even a highly quantitative and challenging course can be made interesting and accessible to any student with limited quantitative background. Tesfu believes the process of "learning by doing" helps students realize that they can develop high level questions and solve them with the tools they learn in the classroom in order to answer these research questions.


On December 6, 2014 and for the 36th consecutive year Mount. St. Mary’s hosted the Goodloe Byron Memorial Scholarship Run. The Memorial Run, in honor of long serving 6th District Congressman Goodloe Byron, pays tribute to his commitment to physical fitness and to the Byron families’ commitment to Mount. St. Mary’s University.Mount Fall

Since its inception, the 15K Run has raised approximately $25,000 for Mount student scholarships and played host to approximately 2,000 runners. Nearly 70 runners braved the chilly rainy Saturday morning run last December.

Ms. Beverly Byron (retired congresswoman from the 6th Congressional District) and Mr. Kimball Byron have provided the outstanding leadership and energy for the past 36 years of successful runs. Scholarship funds are made available by lead financial backing provided by Legg Mason Inc., and the Baltimore Community Foundation. The run could not be successful without the wonderful support provided by Mount St. Mary's campus security, Aramark dining services, Mount St. Mary's facilities management, race management provided by the Frederick Steeplechasers Club, and 24 Bolte School of Business student volunteers, many of whom stood outside in the wind and rain to support the runners. As a result of everyone’s efforts, all runners finished safely.

We offer a hearty thank you to all that make the run such a success.

This past fall semester over 60 students participated in the annual Mount St. Mary’s University Student Investment Challenge hosted by the Student Finance Club. The challenge, which took place over six weeks from October to November, is a simulation in which the participant buys and sells the ownership of publicly traded companies in order to build the value of an investment portfolio. The challenge is a great chance for students who have expressed interest in the stock market to better understand the concept of buying and selling stock.  Todd Zuech

Each student began with $100,000 and competed to see how much they could increase their stock portfolio's value.  At the closing bell on November 21, with all the results in, the winner was a clear cut Todd Zuech, C’17, who ended with over $515,471 dollars, a gain of 415% from the initial $100,000 value. Runners up were Teresa Gonzalez, C’17, at $164,201 a 64% gain and William Naille, a graduate student at the Mount, who earned $119,608 a 19% gain. Although it was a landslide victory for the underclassman here at the Mount the learning experience it provides for everyone is undeniable. Prizes of $300, $200, and $100 were award to first, second and third place respectively.

The end value of many of the portfolios show how much the student puts into the challenge.  Professor Don Butt, finance club faculty advisor, said, “In the past, the winners of the investment challenge have all been extremely active through the entire course of the challenge, making multiple trades over the course of a single day.”

The challenge really articulates how much work it takes to remain competitive and the constant trading necessary to create a profitable portfolio.  “This is a great way for anyone who is interested in pursuing a career in stock brokerage or going on to take the Series 7 exam after graduating to get their feet wet and see just how much work goes into the career," Professor Butt said. “I would highly encourage any undergraduate business majors to participate in future challenges by the investment club.” 


Mike BarryDr. Mike Barry, associate professor of Economics and Law, took a close look at the beneficiaries of the falling prices and those market segments put at a disadvantage because of slide.  The domestic as well as the global impact is important to analyze as we now operate in a vast global economic world.  Check out the link below to learn more!

Professor FarnetiDr. Corinne Farneti, assistant professor of sport management, spoke with WBAL Maryland's News Now Beth Marsden about the ongoing investigation as to whether the New England Patriots intentionally deflated footballs prior to their AFC Championship game against the Indianapolis Colts.  The investigation has surfaced many opinions across the sports world including current and former NFL players.  The last thing the NFL wants after a difficult season off the field is a potential cheating scandal that disrupts Super Bowl week. New England faces Seattle on Feb. 1 in Glendale, Arizona.


George Borst C’70 took a step back in the same business classrooms he graduated from 45 years ago to share some of his own experiences in business with Mount students. Borst served as Toyota Financial Services (TFS) Regional CEO for 11 years and had a wealth of information to share with students.  Discussions in Business Policy and Society classes ranged from simply starting out in search of a career to the advanced topics of ethical behavior in the workplace.  Shannon Greene C’15 said, “Mr. Borst stressed corporate social responsibility and volunteering in the workplace as well as a discussion on the transition from college to corporate as budding young business people.”

George BorstBorst had varying messages for the different classes he attended but the overall the message Borst had for students stressed finding your own path but also how to address ethics in an environment where no one comes from the same ethical or moral background. Along with ethical standards Borst concluded by encouraging the young business minds in the classes to give back. Borst’s own philanthropic pursuits are not limited to monetary terms; he volunteers his time as well. Bringing Toyota Financial Services' philanthropic efforts to new heights during his time with the company, Borst ensured the company practiced what they espoused.

After leading TFS out of the early millennium and into the past decade, Borst currently serves as executive advisor to the CEO on global issues in operational and financial decisions. During his time with TFS, Borst led the company through numerous crises including global recession, unprecedented automobile recalls, and the 2011 earthquake and tsunami in northeastern Japan which wiped out many of Toyota’s suppliers. Though the company faced many hardships, it became the nation's largest captive finance company during Borst's leadership.

16300 Old Emmitsburg Road | Emmitsburg, MD 21727
Map & Directions | | 301-447-6122
Frederick Campus | 5350 Spectrum Drive | Frederick, MD 21703
Map & Directions | | 301-682-8315