Area colleges compete in Gill/McDaniel finance contest
Baseball was on the minds of many this fall with the Baltimore Orioles in the playoffs for the first time in 15 years and college teams vying in this year’s Gill/McDaniel College Finance Case Competition, "Signing the Best Player in Baseball."
Four student teams made up of Business, Economics, Accounting and Finance majors from McDaniel College, Morgan State University in Baltimore, Dickinson College in Carlisle, Pa., and Juniata College in Huntingdon, Pa., gave presentations on the Harvard Business Case analyzing a large investment decision considered by the Texas Rangers in 2000 on whether the team should sign Alex Rodriquez based on contract negotiations and the potential value that he would bring to the team.
The winning team for the second year in a row was Juniata College receiving a $500 cash prize, followed by Morgan State University in second place with a $300 cash prize, and Dickinson in third receiving $200.
McDaniel’s case competition was the brainchild of Julie Routzhan, associate professor of Economics and Business Administration, and was modeled on Mt. Saint Mary’s annual ethics case competition.
“I thought it was important for students to be given a real world scenario in which to utilize what they have been taught about corporate finance and marketing,” Routzhan said.
The presentations were made in Decker Center Forum to a mock board of directors, comprised of alumni and a parent, including (above left to right) Ryan John ’97, vice president of marketing and information technology, Alban Tractor Co., Inc., Baltimore; McDaniel trustee Donald Rembert ’61, principal of Rembert Pendleton Jackson, Falls Church, Va.; Lori Miller ’88, internal auditor at T. Rowe Price, Owings Mills, Md.; David J. Merkel, principal of Aleph Investments, LLC, Ellicott City, Md. (David’s son, Peter, is a sophomore chemistry major at McDaniel); Russell J. Weber ’93, senior vice president of investments, UBS, Hunt Valley, Md.; and Steven A. West ’96, senior vice president, Morgan Stanley Smith Barney, Bethesda, Md. (Not pictured: Kenneth R. Gill, 1961 alumnus of McDaniel and member of McDaniel's board of trustees)
The case competition was organized by McDaniel’s Department of Economics and Business Administration with funding provided by the Gill Fund established through donations from Kenneth R. Gill.
According to Gill, "I had the opportunity to sit as a judge for these excellent presentations and I was very impressed by the research and presentation skills of all of the teams. To participate in this type of Finance Case Competition will help to prepare the students for their future careers. I am please to be able to be of assistance for these and future students."