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Sellinger Front
The Joseph A. Sellinger, S.J. School of Business and Management is the business school of Loyola University Maryland (formerly Loyola College in Maryland) and is located on the college's main campus in Baltimore, Maryland. Formally established in 1980, the business school was named in honor of Loyola's late president Reverend Joseph A. Sellinger, S.J., although the university has been offering courses in business for over 70 years. The Sellinger School consists of seven academic departments: Accounting, Economics, Finance, Information Systems/ Operations Management, Management/ International Business, Marketing, and Law & Social Responsibility. The Sellinger School of Business and Management is one of Loyola's three schools, the other two being the College of Arts and Sciences and the College of Education. Timeline Loyola College first offered courses in accounting and business administration at the undergraduate level in 1937. The baccalaureate degree in business administration ...
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Jesuit
The Society of Jesus ( la, Societas Iesu; abbreviation: SJ), also known as the Jesuits (; la, Iesuitæ), is a religious order (Catholic), religious order of clerics regular of pontifical right for men in the Catholic Church headquartered in Rome. It was founded in 1540 by Ignatius of Loyola and six companions, with the approval of Pope Paul III. The society is engaged in evangelization and apostolic ministry in 112 nations. Jesuits work in education, research, and cultural pursuits. Jesuits also give retreats, minister in hospitals and parishes, sponsor direct social and humanitarian ministries, and promote Ecumenism, ecumenical dialogue. The Society of Jesus is consecrated under the patron saint, patronage of Madonna della Strada, a title of the Blessed Virgin Mary, and it is led by a Superior General of the Society of Jesus, Superior General. The headquarters of the society, its Curia, General Curia, is in Rome. The historic curia of Ignatius is now part of the attached to t ...
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University
A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. ''University'' is derived from the Latin phrase ''universitas magistrorum et scholarium'', which roughly means "community of teachers and scholars". Universities typically offer both undergraduate and postgraduate programs. The first universities in Europe were established by Catholic Church monks. The University of Bologna (), Italy, which was founded in 1088, is the first university in the sense of: *being a high degree-awarding institute. *using the word ''universitas'' (which was coined at its foundation). *having independence from the ecclesiastic schools and issuing secular as well as non-secular degrees (with teaching conducted by both clergy and non-clergy): grammar, rhetoric, logic, theology, canon law, notarial law.Hunt Janin: "The university in medieval life, 1179–1499", McFarland, 2008, , p. 55f.de Ridder-Symoens, H ...
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Bernard Madoff
Bernard Lawrence Madoff ( ; April 29, 1938April 14, 2021) was an American fraudster and financier who was the admitted mastermind of the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time chairman of the NASDAQ stock exchange. He advanced the proliferation of electronic trading platforms and the concept of payment for order flow, which has been described as a "legal kickback." Madoff founded a penny stock brokerage in 1960, which eventually grew into Bernard L. Madoff Investment Securities. He served as the company's chairman until his arrest on December 11, 2008. That year, the firm was the 6th-largest market maker in S&P 500 stocks. At the firm, he employed his brother Peter Madoff as senior managing director and chief compliance officer, Peter's daughter Shana Madoff as the firm's rules and compliance officer and attorney, and his now deceased sons Mark Madoff and Andrew Madoff. Peter was sentenced to 10 years in prison in 2012, and M ...
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Whistleblower
A whistleblower (also written as whistle-blower or whistle blower) is a person, often an employee, who reveals information about activity within a private or public organization that is deemed illegal, immoral, illicit, unsafe or fraudulent. Whistleblowers can use a variety of internal or external channels to communicate information or allegations. Over 83% of whistleblowers report internally to a supervisor, human resources, compliance, or a neutral third party within the company, hoping that the company will address and correct the issues. A whistleblower can also bring allegations to light by communicating with external entities, such as the media, government, or law enforcement. Whistleblowing can occur in either the private sector or the public sector. Retaliation is a real risk for whistleblowers, who often pay a heavy price for blowing the whistle. The most common form of retaliation is abrupt termination of employment. However, several other actions may also be conside ...
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Harry Markopolos
Harry M. Markopolos (born October 22, 1956) is an American former securities industry executive and a forensic accounting and financial fraud investigator. From 1999 to 2008, Markopolos uncovered evidence that suggested that Bernie Madoff's wealth management business was a huge Ponzi scheme. In 2000, 2001, and 2005, Markopolos alerted the U.S. Securities and Exchange Commission (SEC) of his views, supplying supporting documents, but each time the SEC ignored him or gave his evidence only a cursory investigation. Madoff was finally revealed to be a fraud in December 2008, when his sons contacted the Federal Bureau of Investigation. After admitting to operating the largest private Ponzi scheme in history, Madoff was sentenced in 2009 to 150 years in prison. In 2010, Markopolos's book on uncovering the Madoff fraud, '' No One Would Listen: A True Financial Thriller'', was published. Markopolos has criticized the SEC for failing to discover the Madoff fraud despite repeated tips ...
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Business Week
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted ...
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Beta Alpha Psi
Beta Alpha Psi () is an international honor society for accounting, finance and information systems students attending universities accredited by the Association to Advance Collegiate Schools of Business or the European Quality Improvement System. It was founded on February 12, 1919, at the University of Illinois at Urbana-Champaign and is currently headquartered in Durham, North Carolina, in the United States. The organization has over 300 chapters on college and university campuses with over 300,000 members worldwide. Objectives Beta Alpha Psi encourages and recognizes scholastic and professional excellence in the business information field, promotes the study and practice of accounting, finance and information systems, and provides opportunities for self-development, service and association among members and practicing professionals. It "strives to encourage a sense of ethical, social, and public responsibility". The organization also promotes the development of technical ...
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Beta Gamma Sigma
Beta Gamma Sigma () is the International Business Honor Society. Founded in 1913 at the University of Wisconsin, University of Illinois and the University of California, it has over 980,000 members, selected from more than 600 collegiate chapters in business schools accredited by AACSB International. Founded in the United States, it has collegiate chapters in over 190 countries. Mission and purpose The mission of Beta Gamma Sigma is to encourage and honor academic achievement in the study of business; cultivate and celebrate leadership and professional excellence and build their professional skills; to foster an enduring commitment to honor and integrity, the pursuit of wisdom, earnestness, and service; and to serve its lifetime members by helping them network and connect to each other. Beta Gamma Sigma members reside in over 190 countries and there are more than 50 alumni chapters and networking groups located in major metropolitan areas and other regions throughout the world. T ...
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Sellinger Front
The Joseph A. Sellinger, S.J. School of Business and Management is the business school of Loyola University Maryland (formerly Loyola College in Maryland) and is located on the college's main campus in Baltimore, Maryland. Formally established in 1980, the business school was named in honor of Loyola's late president Reverend Joseph A. Sellinger, S.J., although the university has been offering courses in business for over 70 years. The Sellinger School consists of seven academic departments: Accounting, Economics, Finance, Information Systems/ Operations Management, Management/ International Business, Marketing, and Law & Social Responsibility. The Sellinger School of Business and Management is one of Loyola's three schools, the other two being the College of Arts and Sciences and the College of Education. Timeline Loyola College first offered courses in accounting and business administration at the undergraduate level in 1937. The baccalaureate degree in business administration ...
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Baltimore
Baltimore ( , locally: or ) is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic (United States), Mid-Atlantic, and List of United States cities by population, the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an Independent city (United States), independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the List of metropolitan areas of the United States, 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area, Washington–Baltimore combined statistical area (CSA), the third-largest combined statistical area, CSA in the nat ...
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AACSB
The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to schools of business, and was later known as the American Association of Collegiate Schools of Business and as the International Association for Management Education. Not all members of the association are accredited; it does not accredit for-profit schools. In 2016 it was denied recognition by the Council for Higher Education Accreditation, and later withdrew from membership;Recognition Decision Summary: AACSB International The Asso ...
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