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4The Daily Tar Heel Thursday, October 22, 1987
vmoosram Ihielos Bttedeets
1L XL ;
coiniiriectt with taslelss world.
By ALISSA GRICE
The UNC Business Symposium
allows students to rub elbows with
some of the nation's top executives.
A core committee of 10 business
majors are responsible for the success
of this day. On Nov. 5 students will
enjoy food, panels of high-ranking
executive speakers and one-on-one
talks with executives during small
group coffee breaks.
For the students, planning the
symposium serves as a three-credit-hour
class that usually meets for an
hour on Tuesdays and Thursdays.
The committee has no assigned
professor, only a director, Peter
Topping, director of the Business
School undergraduate program,
implemented the idea of inviting top
executives to speak to business
students four years ago. Topping
gives Dr. Barry Roberts, his prede
cessor as director, credit for devel
oping the idea of the Business
Symposium, which dedicates a full
day to business topics.
Topping said he oversees the core
committee, which plans the entire
symposium, right down to placing
water pitchers on the tables.
"I make sure they (the students) do
what has to be done in planning the
symposium," Topping said. "The
students say it's the most valued but
most demanding course they Ve taken
iwo student advisers are part o
the core comittee. Tammy Jackson
a senior from Whiteville, and Scot
Stokes, a senior from Flat Rock, an
there to advise the eight busines
students during the planning process!
Both Jackson and Stokes partij
cipated in the symposium last year
"It a great opportunity for student
to see that executives are real people, ;
Stokes said. "Last year I got to mee
the chief executive officer for Weigr ;
"You get a lot from participatin
in the planning of the symposium
he said. "You gain knowledge aboi
the business world, new friendshij
and personal satisfaction in knowii
that youVe helped fellow studen;
clarify their career goals."
Jackson agreed, saying, "It's a w
to take learning from the classrooj
and apply it to a real world setting
The other eight students, whq
Stokes and Jackson advise, are pain
up with a partner. Each pair
students heads one oi lour mi
planning committees: registration,
:xecutiye hosts and volunteers, public
relations, and facilities and reception.
Each of the four committees has
an individual subcommittee of volun
teers, and more than 100 people
applied to work under these
Nancy Under, a senior from
Hendersonville, and Jeff Sims, a
junior from High Point, head the
"The) program is almost (all)
student-run," Under said. "Ten of us
put the whole thing together. It's an
experience to pull off such a big
The group leaders of the executive
hosts and volunteers group are
Sherril McLeod-Arnold, a junior
from Chapel Hill, and Genia Man
gum, a senior from Rocky Mount.
"I consider myself fortunate to
have been picked to be on the core
committee," McLeod said. "It's a
wonderful group of people. They (the
committee) should get a lot of credit
because as far as we know, it's the
only program like it."
Kim Page, a senior from Athens,
Ga., and Debbi Harrington, a senior
from Carrboro, head the public
r .....w , . ,.j o . . tmi ill
1 DTHMatt Plyter
Business Symposium committee members hold a meeting to iron out details of upcoming activities
relations committee, which is respon- With so many different events Summing up the enormous impact
sible for publicizing the symposium. . going on, Karen Miller, a senior from the student-organized Business Sym
. .. Page attended the symposium last Asheville, and Tom Staab, a junior posium has on the University, Jack
year. "I think it's a good time to learn from Reidsville,' are kept very busy son said, "This is one of the events
about possible careers students might organizing the facilities and reception that makes the UNC Business School
be entering," Page said. "Students committee. (qualified to) be listed in Money
attending the symposium are pro- "It's been really good to apply some Magazine as one of the top 10
vided a good look at the business of the things that you learned in undergraduate business schools in the
class," Miller said.
Economic analysts uy stock drop may have positive aftereffect
From Associated Press reports
NEW YORK By the time the
stock market's recent collapse gets
into the history books, some Wall
Streeters see a chance that it will be
described not just as a debacle, but
as a constructive and pivotal event.
But even the most optimii
analysts caution that many thi
have to go right in a high-i
environment for the script to play
For one thing, answers have tde
found to trade and debt problems
have been resisting solutions for
years. Furthermore, most observers
agree that aftershocks from Wall
Street's plunge threaten to plague the
economy in the short term, even if
the market stabilizes or recovers.
There is some hope, but no assurance,
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that the economy can ride out that
kind of storm.
Nevertheless, some analysts say it
is possible that the 1987 drop, unlike
the Crash of 1929, could ultimately
work to avert a worldwide recession
rather than help to create one.
They got at least temporary sup
port for that view as stock markets
staged strong rallies Wednesday in
Japan and then in the United States.
; The positive case starts with a
reading of Monday's unprecedented
sell-off as a "vigilante action" by
investors dismayed by a lack of
progress on the imbalances running
through the world financial system.
Of course, no investors acting as
individuals sold stocks at huge losses
just to make a political statement. But
collectively, many analysts agree,
Monday's sellers were sending a
message to Washington and to policy
makers in other countries.
The stock market was threatening
to produce a recession all by itself,"
said Edward Yardeni, economist at
Or, as David Ressler, economist at
Nomure Securities International in
New York, put it: MWe kind of slid
open the shutters to hell to see what
it was like."
The precise content of the message
is a matter of interpretation. But most
analysts agree it carried a forceful call
for action on the federal budget
deficit and on international trade
imbalances and unstable currency
As events unfolded, the 508-point
drop in the Dow Jones industrial
average Monday and turmoil in other
financial centers around the world got
the attention of political leaders in
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short order, if not immediately.
President Reagan's statement
Tuesday afternoon that he was willing
to work with Congress to try to break
the stalemate on the federal budget
was welcomed on Wall Street.
"The administration has been
shocked into realizing that some
thing's got to be done," said Ray
mond DeVoe, an analyst at the
investment firm of Legg Mason
Wood Walker, Inc.
If the stock market succeeded in
putting an urgent stamp on the world
financial agenda, however, it pro
vided no recommended solutions.
Attractive options agreeable to all
parties concerned are still in short
In the case of the federal budget,
for instance, either an increase in
taxes or reductions in government
spending could well have a depressing
effect on the economy.
But even if the choices are as tough
as ever, analysts say, the people in
decision-making positions have been
alerted that the markets are pressing
for answers. They are faced with Jhe
implicit promise ' that the signal,' if
unheeded, can be retransmitted at any
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