NEWS OF NOTE

Meet our newest Finance faculty.

Constantine "Gus" Kalogeras
Finance Department

In his own words...
Share a highlight from one of the business colleges where you were dean.
"The University of Bridgeport was sold to the Reverend Moon while he was in jail for tax evasion. He ended up getting it for $20 million."

Do you like where you're living since returning to Miami?
"Yes. I'm considered a young stud in my building. It's because I like to swim laps when no one else is in the pool - swimming at least. I have to wait until they stop wading."

And when you're not teaching or traveling?
"I like to spend time with my family. I have six children. They're in London, Warsaw, New York City. And I always spend part of my summer with my mother in Greece. I also like to swim laps, lift weights, and stock-trade."

  You might say Constantine "Gus" Kalogeras has come full circle, returning to the College's Finance Department last semester as a visiting professor after a 22-year absence.

  He begins now as he did then, with an intense teaching schedule, making the classroom the focus of his efforts. It's one of the few things, Kalogeras said, that hasn't changed.

  "It's amazing the difference in the place. It's like a whole city now; before, it was just an abandoned airport."

  Leaving after a decade in the department and ultimately its chair, Kalogeras headed to a business college in Connecticut, the first of four at which he would sit as dean.

  His academic pursuits always were intertwined with leadership roles in industry. He consulted Southeast Bank for five years, honing policy and procedures for processing the one million checks it received nightly. He served as a CFO of an electronics firm and took it public. And he's always kept a hand in stock-trading, a holdover from his first job on Wall Street after graduating from Carnegie-Mellon University.

  "I enjoy going back and forth between industry and academia," Kalogeras said. "I especially like writing articles refuting academic theories that can't be applied, finding discrepancies between models and human behavior, and relating how practices in foreign countries are different from our media's portrayal of them."

  His wanderlust doesn't stop with his career. When he's not teaching, Kalogeras is learning-about what new adventure or land to experience. He's been bungee-jumping and skydiving. He's visited Saudi Arabia, Australia, Peru, Eastern Europe, to mention a few, and during winter break, he's bound for Argentina and the South Pole on an icebreaker.

  "I was in China once on a tour of the Forbidden City. There were all these people with our group who were too old or too tired to complete the tour," Kalogeras said. "I don't want to wait for that to happen to me."








Deanne Butchey
Department of Finance

In her own words...
What are students most interested in?
"We've had more people interested in the real estate aspect of the market as opposed to the financial markets right now. I have been showing them how there are direct parallels between the real estate market and the stock and bond market in terms of valuation as well as other issues. I've been doing it because everyone wants to know about the real estate market."

Why do you like South Florida?
"The weather has been one of the major reasons for my staying down here. However, my husband exports heavy equipment to the Caribbean so that provides another major reason for why we plan to stay in South Florida."



  Deanne Butchey made two dramatic changes in her life. The first took her from her native country, Trinidad, to study in Canada. The second brought her from Canada to South Florida. Both were shocks.

  Understanding psychology is part of Deanne Butchey's professional approach, but she can also apply it to herself as she reflects on the series of moves that brought her to South Florida.

  "I moved to Canada to go to the University of Western Ontario," she said. "That was a big shock. I liked the way of life; I liked the structure of living in a North American country; I liked the opportunities, but I definitely didn't like the weather."

  Butchey likes the weather in South Florida just fine and plans to stay. In addition to teaching several technology-enabled and value-added courses, she's completing her dissertation at Florida International University on what she calls behavioral finance. This subject covers what happens when finance becomes entangled with psychology, particularly the psychology of markets. Appropriately, the title of her dissertation is "Irrationality among Traders."

  "I'm looking at some of the activities that drive the buying and selling behaviors of professional and institutional traders," she said. "I want to know what the psychological factors are that allow people to make those kinds of decisions."

  She brings a great deal of real world experience both to her research and to her teaching. Before coming to the College, Butchey worked as a stock research analyst at Credit Suisse First Boston in Toronto. Her students in courses such as financial management, international finance, and financial markets and institutions are quite interested in those experiences.

  Her teaching earned Butchey the Excellence in Teaching Award in 2002.

  As if she weren't busy enough, she's been working on a paper to present at the Academy of Business Education, Financial Education Association conference in Orlando in April. The title, "Globalization in Tertiary Education," reflects her deep interest in the pedagogical elements of finance.

  Butchey and her husband live in Weston. Her son enrolled recently at University of Central Florida while her two daughters still live at home.