Aetna, one of the nation’s leading managed care providers, and CVS, America’s largest pharmacy chain, agreed to a merger announced in December 2017, in which CVS would buy the insurance giant for $69 billion. Earlier this month, shareholders for both companies approved the deal.

From shifts in health care costs to changes in how emergency and primary care is delivered to patients, the consequences of the merger are expected to be significant. The deal still needs approval from the federal Department of Justice.

Mihaylo Finance Professor Xiaoying Xie, who specializes in insurance studies, believes that there are potentially positive benefits from such a deal.

Mihaylo Finance Professor Xiayoing Xie believes the Aetna/CVS deal may create efficiencies in the market. “It may possibly lower the overall healthcare costs through offering a one-stop solution for minor medical services and helping members manage their chronic diseases more cost-effectively.”

“Theoretically, an M&A deal would create value if it brings operating strategy between the acquirer and target. Aetna is the fifth largest health insurer in the U.S. ranked by direct premiums written. Before this deal, Aetna’s bid to merge with Humana, the third largest health insurer in the U.S., was blocked for its anti-competitive nature,” she says. “The current deal with CVS, however, is a vertical integration. Technically such integration will not negatively affect the competitiveness of health insurance markets. Instead, its potential operating synergy may help lower the overall cost of health care and benefit consumers.”

Xie believes that convenience would result from the integration of insurance, medical providers and pharmacy services. “The extensive networks and the possible community-based health hubs would provide convenience for members,” she says. “It may possibly lower the overall health care costs through offering a one-stop solution for minor medical services and helping members manage their chronic diseases more cost-effectively.”

While horizontal consolidation, involving mergers among competitors, may not become the wave of the future in health care, Xie notes that the Aetna/CVS deal is emblematic of the growth of vertical consolidation in health care, which involves deals with firms up or down the supply chain. Read More

Management consultant Ken Blanchard emphasizes the importance of servant leadership in today’s society. “This world is in desperate need of a new model of leadership,” he told attendees at the Center for Family Business Hall of Fame event on March 13. “We have seen what self-centered leaders have done in every sector of society.”

Ken Blanchard, author of The One Minute Manager, was the keynote speaker for the fourth annual Center for Family Business Hall of Fame Induction on March 13. The event provides peer-nominated honors for local family-owned establishments that maintain a commitment to their communities and industries and remain faithful to their founders’ vision over multiple generations.

More than 300 representatives of some of Southern California’s leading family-owned businesses gathered at the Richard Nixon Library in Yorba Linda on March 13 for the fourth annual Center for Family Business Hall of Fame Induction, sponsored by City National Bank.

Management consultant Ken Blanchard, who has written more than 60 books, including his most recent co-edited title, Servant Leadership in Action, gave the keynote address, which focused on integrative leadership strategies for family businesses. “If you think serving is beneath you, then being a great leader is above you,” said Blanchard. “Family is first, business is second, but you can do them both together.” Read More

Gloria Chu '17 on Cal State Fullerton Campus

Gloria Chu works as a staff/assistant auditor at EY (formerly Ernst & Young). She graduated from Mihaylo College in spring 2017 with a concentration in accounting.

Anyone will tell you that when it comes to landing a full-time job after graduation, it is important to stand out. During her time at Mihaylo College, Gloria Chu ’17 (accounting) did just that.

She was certainly busy. Between keeping up with classes, taking on leadership roles in student clubs and being an on-campus tutor, Chu juggled a lot of responsibilities (and puppies, apparently). Throughout all of that, she was working toward her goal of joining one of the top accounting firms in the world.

After graduating, Chu saw her dream become a reality. But the journey wasn’t easy: It took dedication to her classes and grades, commitment to networking and connecting with professionals, and resilience during the recruitment process. Chu’s hard work and dedication paid off as she successfully navigated the process of recruiting for a Big Four accounting firm.

Chu tells us how she made the most out of her college experience to land her dream job at EY: Read More

Patrick Nguyen founder of The Straw restaurant

Patrick Nguyen, Mihaylo College class of 2007, started a dessert restaurant in Costa Mesa. The Straw: Modern Milkshakes recently celebrated its one-year anniversary.

In sunny Southern California, there’s never a bad time to enjoy a good milkshake. And for dessert fans in Orange County, newly opened The Straw: Modern Milkshakes has quickly become a local hotspot for cool treats. Owned by Patrick Nguyen and his wife, Caroline, the restaurant serves up a creative and modern spin on the classic milkshake parlor.

While working toward his degree at Mihaylo, Patrick Nguyen ’07 (marketing) managed his parents’ Vietnamese restaurant in Costa Mesa, an experience that taught him the fundamentals of running a food-service business. In March 2017, after several years of crafting the perfect menu items, Patrick and Caroline Nguyen opened The Straw in a space next door to the family restaurant.

We got the chance to talk to Patrick about his unique business. He discusses why he decided to start a milkshake restaurant, his experience in the food-service industry, and how he uses social media to market his business. He even shared with us how and why he decided to create a milkshake with durian – an ingredient that is commonly referred to as the “smelliest fruit in the world”. Read More

apple-1281744_1920

While your preferred method of communicating with your friends may be via text, Facebook messenger or Snapchat, email is still the primary medium of communication used in the workplace. Here are some ways to send more professional emails.

  1. Have a clear subject line.

Many businesspeople receive hundreds of emails, so the subject line is crucial in getting their attention. Make sure your subject sums up your message in a few words, so the receiver immediately knows what it’s about. Don’t try to be clever and make an effort to use good grammar.    Read More

DSC_0468The Business Inter-Club Council (BICC) and the Titan Wellness Center are hosting the inaugural Mihaylo Mental Health Day on Tuesday, Nov. 28, from 11:30 a.m. to 12:30 p.m. Designed to increase awareness and decrease the stigma surrounding mental health challenges, the event will provide connections to on-campus resources and self-care activities, such as puppy therapy and games.

From depression to stress, mental health challenges can be among the most difficult aspects of the college experience for many students. According to the Center for Collegiate Mental Health, these issues comprise the leading cause of appointments at health centers at universities nationwide.

At Cal State Fullerton, the BICC and the Titan Wellness Center are working together to increase awareness and access to resources through the Mihaylo Mental Health Day, which will be held from 11:30 a.m. to 12:30 p.m. on Tuesday, Nov. 28, at the Mihaylo Courtyard. The event will connect students with resources such as Active Minds and Counseling and Psychological Services (CAPS), but will also feature activities such as letter writing, an M&M game, mindful coloring, pop the balloon, and the opportunity to get in a positive mood while interacting with spunky puppies.

Improving Your Mental Health and Helping Others

Tiffany Bowman, vice president of public relations for BICC, says the event is designed to assist students in maintaining optimal personal mental health and then promoting the well-being of others.

“The first thing students should do is take care of their own mental health first. Just like they say on an airplane, you have to put on your own oxygen mask before helping others with theirs. Making self-care a part of your routine can be highly beneficial. Personally, I find mindful meditation to be the most helpful. However, everyone is different and it is important for each person to take the time to figure out what works best for them. Lastly, since the body and mind are deeply connected, taking care of physical health by eating well and exercising regularly also benefits the mind,” she says.

For More Information

For more information on mental health resources available at Cal State Fullerton, visit CAPS at the Student Wellness Center (SHCC-East), call them at 657-278-3040, or visit them online.

Aristote Matshoko ’12 says travel can be an integral component of entrepreneurship. “Being exposed to the world allows you to see opportunities. Some of the most successful businesses were created after the founders traveled overseas,” he says.

Aristote Matshoko ’12 says travel can be an integral component of entrepreneurship. “Being exposed to the world allows you to see opportunities. Some of the most successful businesses were created after the founders traveled overseas,” he says.

Mihaylo College finance alumnus Aristote Matshoko ’12 is the founder of BONNI, an ecologically and socially responsible bamboo toothbrush concept that gives one toothbrush to the poor or homeless in Europe or Africa for every brush purchased by consumers. Within the past month, he has diversified, with wood products to cover iPhones and laptops. With the motto “One Purchase, One Donation, One World,” Matshoko’s entrepreneurship is part of the trend of social enterprises, which combine the for-profit motivation with a desire to make a difference.

When Aristote Matshoko ’12, who is of Congolese descent, came to the U.S. from his hometown of Lausanne, Switzerland, to earn his undergraduate degree in finance, the Great Recession was in full swing. As a student at Mihaylo College, “studying finance was really interesting,” he says. “Everything I learned, I applied to my personal finance and investments.” He also caught the entrepreneurial spirit, inspired by a talk by Business Madness Week speaker Mark Manguera ’02 (management and entrepreneurship), co-founder of Kogi BBQ.

“After getting my bachelor’s, I returned to Europe, taking with me several elements of American culture, such as the importance of giving back to the community,” says Matshoko. Read More

A view down Yale Avenue on a December evening is one of Fullerton’s most memorable scenic vistas. Stop by any night between now and New Year’s Day to enjoy the experience. Photo by Daniel Coats ’15,’ 18

A view down Yale Avenue on a December evening is one of Fullerton’s most memorable scenic vistas. Stop by any night between now and New Year’s Day to enjoy the experience. Photo by Daniel Coats ’15,’ 18

A holiday-themed winter wonderland is only blocks from campus. This year, be sure to check out the Yale Avenue sparkleballs, which feature brightly-colored handmade ornaments made of Christmas lights and plastic cups put up by local homeowners to celebrate the season.

Residents of a local Fullerton neighborhood have made a holiday tradition of decorating their homes, trees and lawns with lit sparkleballs, creating several blocks of dazzling winter magic that is sure to put you and your family into the spirit of the season this year. From now through early January, a walk or drive through Fullerton’s winter wonderland is a great evening or weekend diversion to share with family or friends, and a good place to come with your digital camera and try out your photography skills.

It’s all courtesy of the homeowners of this subdivision of postwar tract homes, who were inspired by the late Bill Bales Sr., a longtime Fullerton resident and World War II veteran, who learned to make the sparkleballs out of staples, clothes pins, plastic cups and mini-lights during his youth in Nebraska. The tradition spread to Bales’ immediate neighbors, then to the broader community.

Today, the district prides itself as the “Sparkleball Capital of the World,” with sparkleball-making parties held throughout the year in advance of the annual roll-out each Thanksgiving week, when trees, lawns, homes and outdoor displays are adorned with dazzling color. Read More

The October Titan Capital Management (TCM) Conference enabled students to build their career network while gaining valuable investment experience. “I didn’t look at the conference as a competition among my peers, but rather as an opportunity to improve myself,” said Edith Vargas ’18, who took first place in the Seeking Alpha competition. “I really put a lot of work into my presentation and I’m grateful for the experience I gained, so winning first-place was just icing on the cake.”

The October Titan Capital Management (TCM) Conference enabled students to build their career network while gaining valuable investment experience. “I didn’t look at the conference as a competition among my peers, but rather as an opportunity to improve myself,” said Edith Vargas ’18, who took first place in the Seeking Alpha competition. “I really put a lot of work into my presentation and I’m grateful for the experience I gained, so winning first-place was just icing on the cake.”

Mihaylo College’s Applied Securities Analysis Program (ASAP) hosted its second Student Investment Conference in October, which provided interactive workshops, networking and competitions judged by financial industry professionals.

Mihaylo College’s innovative ASAP program  hosted the TCM Student Investment Conference, which aims to connect finance students with opportunities for professional development and future careers in asset management. ASAP students manage more than $1.3 million for the CSUF Philanthropic Foundation, with investment proceeds partially funding student-based college services, such as the Mihaylo Tutoring Center.

The two-day event featured 53 student attendees and 20 industry professionals engaging in interactive workshops and investment competitions.

“The mission of the conference was to connect students aspiring to careers in finance with local firms seeking high-potential new graduates for entry-level positions,” says Marcia Clark, director of Bond ASAP. “The workshop formats provided a comfortable atmosphere for business managers and students to discuss the day-to-day experience of their investment practice. This understanding is essential for students to better align their skills and aspirations with the needs of various types of investment firms.” Read More