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The Daily Tar HeelThursday, November 9, 19895
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Bios drammooe up
By CRAIG ALLEN
All over campus, large, Carolina
blue, 55-gallon drums are brimming
with aluminum soft drink cans, the
recycling refuse of the student on the
The collection bins are the responsi
bility of the Tarheel Aluminum Recy
cling Project (TAPvP), a campus group
involved in recycling.
But transporting the cans to market
is the responsibility of a young busi
ness begun by an MBA candidate at the
Orange Recycling Services, Inc.,
which began serving the University
about six months ago, is the brainchild
of the company's president, Kurt Up
hoff. The business began after Uphoff
completed two economic analyses, one
Texas billionaire H. Ross Perot will
speak at 8 p.m. next Wednesday in the
Smith Center as part of the first Kenan
Conference on International Competi
tiveness. The public is invited and there is no
Perot, 69, founded Electronic Data
Systems in 1962. In 1984, he sold the
company to General Motors for $2.5
billion. According to Forbes magazine
in 1984, he was the second wealthiest
individual in America.
The Kenan Conference is sponsored
by the Kenan Institute and the UNC
Thursday morning at 10:15 a.m. in
the Smith Center, Harvard University
law professor Arthur Miller, creator of
PBS's "Arthur Miller's Court," will
lead a panel of eight in a discussion on
Panel members include local notables
Clay Hamner, the Durham developer
responsible for Brightleaf Square, Frank
Daniels, publisher of the News and
Observer of Raleigh, and William Fri
day, former UNC-system president.
David Gergen, editor-at-large for
U.S. News and World Report, will speak
Thursday at 8:30 a.m. in the Smith
Center on international relations.
Gurgen, one-time chief of the White
House press corps, will speak on the
shortcomings of the American govern
ment in helping business, according to
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12:30 p.m.-2 p.m. Phone: 962-CSCU
on the disposable diaper industry and
the other on recycling.
Uphoff said his research on the dia
per industry inspired his concern for
the environment. "We bought our last
disposable diaper long ago and switched
to cloth," said Uphoff, who is married
and has one child.
As a part of the University's recy
cling contract, Orange Recycling gath
ers all recyclable aluminum in the blue
bins and takes it to market to sell.
Recycling is necessary, Uphoff
said, because the world faces serious
problems in the near future, including
overflowing landfills and squabbles
over garbage-filled barges if recy
cling does not become widespread.
"Just watch the news," Uphoff said.
'Two or three times a week, you'll
see something about waste."
Mike Collins, a spokesman for the
Business school team takes prize
Marc Zenner, an assistant professor
of finance, and Darrell Rogers, a second-year
MBA candidate, took first
prize last weekend in a competition
sponsored by Chase Manhattan Bank
of New York, according to a spokes
man with the business school.
Seven college teams from across the
country participated in the competition
in the New York headquarters of Chase
Manhattan, each vying to put in the best
day on a simulated foreign exchange
Zenner and Rogers defeated the
defending champions from Cornell,
which finished third this year, and teams
from Columbia, Duke, Michigan and
New York University.
Zenner and Rogers played a conser
vative game and, over six days of simu
lated trading, accumulated an imagi
nary $500,000 of profits. But the team
didn't go home empty-handed. Rather
than speculating on the direction of the
market, Zenner said the team concen
trated on acting quickly on information
when it was released.
While some teams tried to bet
whether the market would go up or
down in the short term, Zenner said he
BuosDimess school set to subniniiHt
proposal to Art auud Scoeoces
By TOM PARKS
The School of Business proposal to
create a minor in business will be sent
to the College of Arts and Sciences this
month, said business school professor
Robert Headen Tuesday.
"Nothing of substance has been
changed. The final revised proposal
will be in Dean (Gillian) Cell's office
within a week," said Headen, who is
also chairman of the business school's
undergraduate program committee.
The Arts and Sciences faculty coun
cil must approve the proposal before its
implementation by the School of Busi
ness Administration. Cell, dean of the
College of Arts and Sciences, said stu
dents might be able to preregister next
spring and enter the program in the fall
The joy of on-campus interviewin
By LLOYD LAGOS
Interviewers on campus are looking
for more than a grade-point average, a
mature demeanor and a nice tie but
that is not all they seek.
Anne Marconi, employment man
ager of United Telephone Co. of Flor
ida, said employers were looking for
well-rounded individuals with good
professional appearance. She was con
ducting interviews on campus Wednes
day. "We're looking for someone who
can articulate what they are looking
for, the kind of job they want, and can
present themselves in a positive man
ner," she said.
Marconi said her company was will
ing to hire graduates with little or no
practical experience. "Since we target
young graduates for management train
ing candidates, most do not have any
job experience," she said.
According to a Northwestern Lind-quist-Endicott
study released this year,
most unsuccessful candidates are re
jected for the following reasons: poor
communication skills, low GPA, ina
bility to express clear goals, weak inter
personal skills, failure to demonstrate
leadership potential, questionable work
ethic, unwillingness to relocate, mis-
Uphoff said the recent Threshold
conference was good for the University
community, because it brought envi
ronmental issues, including recycling,
"The conference was good," Up
hoff said. "But I was left with this im
pression: if there's any group around
that should recycle, it ought to be this
one. Yet, I was surprised at the litter
left behind in the meeting hall. We're
still very much a disposable society."
Orange Recycling also collects
wastepaper generated by the Univer
sity offices and departments.
Uphoff's said his company had
more than 300 paper collection bins
on campus. "If there is an office out
there that we haven't contacted yet,
they need to give us a call. We're
rolling them out as fast as we can."
on international competition
felt the best approach was to practice
"making the market" offering the
best possible foreign exchange deal to
other banks based on the latest avail
Zenner was awarded a $10,000 re
search grant and Rogers won $5,000,
which he said he would use for next
year's tuition and expenses.
The competition was held on a
computer simulation called Global
Trader developed by an English con
sulting firm. Chase Manhattan and other
banks use the program to train traders,
Zenner said. He said foreign exchange
was complicated and that it could be
easier to learn the trade by doing rather
than just reading from a textbook.
State's unemployment rate falls
North Carolina's unemployment rate
fell to 3.2 percent in October, almost a
full point below September's 4.0 per
cent, according to figures released ear
lier this month by the U.S. Labor De
partment. The nation's unemployment
rate stayed at 5.3 percent for the same
period. Both figures are seasonally
The state's rate was the lowest among
the nation's 1 1 largest states. Among
the 1 1 states, Michigan had the highest
unemployment rate, at 8.2 percent.
While the state's unemployment rate
has fluctuated between 3 and 4.5 per
cent since October 1988, the nation's
rate has stabilized at just above five
October's 0.8 percent fall was the
of 1990 if the council approved the
proposal this fall.
Cell said the faculty council would
probably vote on the general principle
of minors by its January meeting. The
council will meet this month, but Cell
said that meeting's agenda was already
If the council approves a general
concept for academic minors, the pro
posal will go before the administrative
boards of the General College and the
College of Arts and Sciences, Cell said.
These boards will decide whether to
implement the proposal for a business
minor and any other proposed minors.
Last spring, business school faculty
approved the proposal and sent it to the
Arts and Sciences faculty council. After
considering the proposal, it sent the
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Marmi Scott, right, a senior
representation on their resume and
Jake Dove, vice-president of man
agement resources with First Wachovia
of Winston-Salem, said he looked for
students with initiative.
"We are looking for someone with a
sense of direction, good communica
tion skills," Dove said. "For a success
ful interview to take place in 30 min
utes, a student has to take time to pre
pare and do some reading on the pro
A student should be more than rea
sonably familiar with the company and
what it does, he said.
Dove said students should look at
their background and question the steps
they took. Interviewers base a number
of their questions on an applicant's
resume, so students should be able to
justify the decisions they have made.
"Ultimately the questions asked
during an interview are 'why' ques
tions, and you should be able to ex
pound on what you've done. Anything
on your resume is fair game.
"Appearance is important, and a
student would be wise to invest in one
greatest one-month decline this year.
Wachovia's CEO to retire
John McNair III, 62, president and
chief executive officer of Wachovia
Date Company Job Major
125 Alliance Technologies Environmental PUPABA, BIOSBSMS
Engineering ECOLBSMS, ENVRBSMS
Pollution STATBSMS, PUBHBSMS
126 U.S. Air Force U.S. Air Force ANYBABS
116 First Boston Corp. Two year
Financial analysts ANYBABS
117 . Goldman Sachs & Co. Finance ANYBABS
118 Delditte & Touche Management BUBS, ECONBA, APCSBS
Consulting APMABS, COMPBSMS
118 Planters Bank Banking BUBS, ECONBA, ENGLBA
119 Alex. Brown & Sons Analysis ANYBABS
118 American Airlines
118 Data General
118 Niorthern Telecom
119 General Electric
119 Goldman Sachs
proposal back to the business school.
Some concerns the council gave were
that the minor course load was too great
and the prerequisite grade-point aver
age was too high.
The original proposal required a 3.4
average. The minor now requires a 3.0.
Fifteen hours of courses still comprise
the minor's core requirements, but only
two courses would be minor prerequi
sites under the latest proposal. The
proposal also included several sug
Because of space and faculty limits
within the business school, the pro
gram would probably be able to take no
more than 50 Arts and Sciences under
graduates in its first year, Headen said.
But the school has a long-term goal of
accepting 200 minor candidates.
business major, interviews with
or two interviewing outfits of good
quality," he said.
For appearance, he recommended
suits with subtle pinstripes or conser
vative colors such as gray or blue. Men
should have a single-breasted jacket
with a tailored cut. Women should wear
a minimum of jewelry. "A lot of gold is
not foreseen as positive. You're not out
to make a fashion statement that is not
consistent with the company," he said.
A businesslike watch is a good ac
cessory, and so are solid shirts, espe
cially white or light blue, which should
be worn with an appropriate tie. "You
can't go wrong with well-polished black
shoes with black socks," he said.
Dove said men's hair should be kept
short and neatly trimmed, and women
should have conservative hairstyles
A firm and assertive handshake is
important for both men and women, he
said. During the interview one should
maintain eye contact, but do not stare.
"A good method is to look slightly left,
right, or above the interviewer's head,
which gives the illusion that you are
maintaining contact," he said.
Bank and Trust and Wachovia Corp. of
Winston-Salem, will retire at year's
end. He will be replaced by L.M.
Baker, the bank's chief credit officer.
compiled by Tom Parks
Although the business school has
been charged with elitism because of
the low number of applicants it said it
would accept, the limits on space and
faculty effectively limit the program in
turn, Headen said.
Arts and Sciences undergraduates
can take up to 12 hours in any profes
sional school. But they do not get offi
cial credit for their coursework, Headen
said in September.
In a September interview with The
DTH, Mike Collins, business school
spokesman, said the proposal came in
response to the growing trend of busi
nesses hiring liberal arts majors. Busi
nesses want people with broad back
grounds, but graduates with some
coursework in business would have
an advantage, he said.
Mike Sloop of the Milliken Co.
Dove said students should keep a
calm, poised tone of voice and try to
build a rapport during the interview
that is neither rapid nor slow. "Don't
try to overexaggerate your way of de
livery or come across as if you are
giving a speech that has been prepared
earlier. Show the interviewer that you
are comfortable with yourself.
"You should understand that an inter
view is a two-way street. You sell
yourself to the company and the com
pany sells itself to you, so just come in
with a confident feeling, but remember
to be your own natural self," he said.
Sharon Wiatt, director of University
Career Planning and Placement Serv
ice, said most recruiters coming to UNC
offer management training programs
geared toward business management.
Wiatt said grades were important,
especially in technical fields, but the
majority of employers look for man
agement potential and appreciate ex
tracurricular activities, especially those
which demonstrate leadership skills.
Grade-point average is used mainly as
a screening device. "It is an objective
criteria that they can apply across the
board," she said.
Most employers look for prospec
tive job candidates around the 3.0 range,
Wiatt said. "Past behavior is a good
prediction of future performance," she
said. "Internship experience is very
valuable, because it allows a student to.
develop related skills and show that a
student has a genuine interest in the
Resume Drop Nov. 29, Dec. 6
Open Sign Up Nov. 14
Source: University Career Planning and Placement