plus 1, AD's job requires love of sports, business mind and community connections - Daily Oklahoman |
| AD's job requires love of sports, business mind and community connections - Daily Oklahoman Posted: 15 Jan 2011 05:06 AM PST Copyright ©2010. The Associated Press. Produced by NewsOK.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
SHAWNEE — When Don Sumner, the athletic director at St. Gregory's University, had his right knee replaced a few years ago, his physician — the team doctor for Oklahoma State University — asked him if it was worth it.  Rouben Tourian, asst. athletic director at SWOSU MultimediaMore InfoEducation: Ideally, a bachelor's in business and master's in sports management. Necessary traits: Love of sports; strong communications and leadership skills; community involvement; fundraising finesse; technologically savvy. Median annual salary nationwide: According to salary.com, $99,000; $70,000 for assistant A.D.s. Sumner's half century career playing, coaching and directing athletics has had its physical penalties, including two back surgeries. Still, his answer then, and now, is an unequivocal yes. "Athletics has given me a good education and a good job I love doing," Sumner said. A native of Shawnee, Sumner, 74, played basketball and golf for Oklahoma Baptist University on a full ride, and, after a short stint with Shawnee schools, joined St. Gregory's where — save for a nine-year period running a barbecue joint — he's worked since 1961. He's a member of the St. Gregory's, OBU and Oklahoma Basketball Coaches halls of fame. Since he was appointed athletic director in 1970, St. Gregory's program has grown from a junior college with two sports to a university with eight men's and women's sports teams, including cheerleading added this year. "It keeps me pretty busy," said Sumner, who in addition to hiring and supervising coaches is responsible for year-round fundraising, managing the concession stand and periodically a variety of odd jobs from keeping the clock at games to getting players out of jail. But his main job is fundraising, said Sumner, who regularly speaks to Rotary, Lions and Kiwanis clubs to raise money to upgrade facilities. Recent improvements include new fences, scoreboards and parking lots for the baseball and softball programs, and new scoreboards for basketball and soccer. "Coach Sumner is St. Gregory's more than any other individual," said St. Gregory's women's basketball coach Kelly Archer, who previously worked as an athletic director for Hillsdale Free Will Baptist College in Moore. "Coaches respect him and want to work for him. Coach Sumner cares; he lives here." Though athletic directors often are retired coaches, the career path is changing, said Sumner and Archer. A perfect example, they said, is Joe Castiglione, who's had the position at the University of Oklahoma since April 1998. Castiglione began his career as the sports promotions director at Rice University, then worked a year as director of athletic fundraising at Georgetown University and 17 years at the University of Missouri, moving from director of communications and marketing to athletic director in December 1993. Rouben Tourian, assistant athletic director at Southwestern Oklahoma State University in Weatherford, assumed his position six years ago, after running a sports bar and grill, working in the medical equipment business and serving nine years as an athletic and alumni association volunteer. A Weatherford native and former SWOSU football player, Tourian is pursuing a master's in sports management at SWOSU, after earning a bachelor's in business administration there in 1996. "You need a high knowledge of athletics, a business mind and to be well-connected to the community," said Tourian who focuses on fundraising and marketing. "A lot of my motivation is loyalty to the university," he said. "I can't afford to write a half-million-dollar check, but I can use my ability to raise money to give back to the school." Among other things, Tourian manages individual and corporate memberships to the booster club, which raised $120,000 last year, and a July luau auction that netted $156,000. Business Photo Galleriesview allThis entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php This posting includes an audio/video/photo media file: Download Now |
| Jobs Report: J.P. Morgan Investment Bank Doled Out $369,651 Per Employee - Wall Street Journal Posted: 14 Jan 2011 04:49 PM PST By Kyle Stock(Kyle Stock writes for WSJ's FINS Finance.) In the past few days, wishing people a Happy New Year has felt strange, almost stale. In other words, it's go-time again on Wall Street. Full-year financials. Bonuses. Donuts. And the great talent reshuffling as banking and brokerage teams gear up for the next season in the game of finance. J.P. Morgan kicked off the earnings parade this morning with some strong results and even more impressive hiring figures. Dimon's headhunters have been busy, swelling staff by 17,515 in 2010, including 1,660 investment bankers. The firm, however, also grew more frugal. It poured only 4% more into compensation coffers. The average i-bank employee at JPM will take home $369,651 for 2010, almost $9,000 less than they did in 2009. Analysts expect similar restraint from Goldman Sachs. Morgan Stanley, 2010's league table darling, is one of the only big shops expected to announce more money per employee for last year. Meanwhile, Credit Suisse is fast becoming the weird uncle of the bulge-bracket, the kind of benefactor who brings a $2 bill and a certificate of deposit to a kid's birthday party. The Swiss firm announced a new plan to pay out cash bonuses over four years and link them to return on equity. Credit Suisse bankers were no doubt busy this week trying to model what that might mean for their bank accounts. Meanwhile, some 600 folks at Barclays Capital are no longer worried about their employer's ROE. They got the axe this week as the British bank struggles to "rightsize" its headcount to slumping results. This went down shortly after new Barclays CEO Robert Diamond told UK lawmakers: "The time for remorse is over," seemingly channeling AIG's Robert Benmosche. Diamond clearly isn't interested in being delicate. We're betting that's good news for the bank's better performers and bad news for the laggards. Meanwhile, Morgan Stanley knuckled down as well, shuffling several senior executives and announcing plans to spin off its 60-employee prop trading unit next year. Wall Street's titans may be short on trading revenue and IPO fees, but they are stocking up on one very valuable commodity: focus. The earnings party continues next week with Citigroup on Tuesday followed by Bank of America, Goldman Sachs, Morgan and Wells Fargo. Weekend readingGolden Goldman: Bankers top traders for the first time in awhile Keeping up: The real income inequality is at the top, not the bottom The Big Sell: jockeying has begun for a slice of AIG stock sale This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php This posting includes an audio/video/photo media file: Download Now |
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