MARGARET CORDING Rice University - Jesse H. Jones Graduate School of Business 6100 Main Street MS 531 Janice & Robert McNair Hall Houston, TX 77005 Office: McNair Hall Room 249 Tel: (713) 348-4284 / cording@rice.edu Education Ph.D. in Management, emphasis in Strategy & Business Ethics, Darden Graduate School of Business Administration, University of Virginia, Charlottesville, VA (2004). Dissertation: Organizational Integrity & Acquisition Performance: The Role of Values in Value Creation. MBA in Finance, The Wharton School, University of Pennsylvania, Philadelphia, PA (1989). Sponsored by Manufacturers Hanover Trust Company as a fellow in the Wharton Executive MBA Program. BBA in Finance and Economics, Temple University, Philadelphia, PA (1983). Graduated summa cum laude. Experience Jesse H. Jones Graduate School of Management, Rice University Assistant Professor of Management (2003 Present) Chase Manhattan Bank and its predecessors (currently JP Morgan Chase) (1983 1997) Managing Director and Head of Foreign Exchange Regional Sales (1994 1997) Managing Director and Business Manager, Foreign Exchange and Derivatives Group (1993 1994) Vice President and Manager of the Strategic Expense, Profit and Productivity Program (1991 1993) Vice President and Strategic Planner (1989 1991) Vice President, Public Finance Department (1983-1989) Research ACADEMIC EXPERIENCE My research explores the linkages between strategy and business ethics, the performance implications of stakeholder management, management of the post-acquisition integration process, and the measurement of firm performance. Publications Journal Articles Cording, M., Christmann, P., & Weigelt, C. 2010. Measuring Complex Constructs: The Case of Acquisition Performance. Strategic Organization, 8(1). 29
Cording, M., Christmann, P., & King, D. R. 2008. Reducing Causal Ambiguity in Acquisitions: Intermediate Goals as Mediators of Integration Decisions and Acquisition Performance. Academy of Management Journal, 51(4): 744-767. Schuler, D.A. & Cording, M. 2006. A Corporate Social Performance Corporate Financial Performance Behavioral Model for Consumers, Academy of Management Review, 31(3): 540-558. Publications Edited Books Donaldson, T., Werhane, P.H. & Cording, M., (eds.) 2002. Ethical Issues in Business: A Philosophical Approach. Seventh Edition. Upper Saddle River, NJ: Prentice Hall. Publications Book Chapters Freeman, R.E., Martin, K., Parmar, B., Cording, M. & Werhane, P.H. 2006. Leading Through Values and Ethical Principles, in Ronald Burke & Cary Cooper (eds.), Inspiring Leaders. London: Routledge Taylor & Francis Group, plc. Papers Under Review Cording, M., Lou, X., & Mittal, V. Deconstructing Corporate Reputation: A Stakeholder Group Perspective. Under third review at the Strategic Management Journal. Teaching Experience Teaching Award: MBA for Executives Award for Excellence in Teaching, 2006. Competitive Strategy, MBA for Executives, Jesse H. Jones Graduate School of Management, Rice University, Fall, 2003 to present. Advanced Competitive Strategy, MBA for Executives, Jesse H. Jones Graduate School of Management, Rice University, Spring 2008. Strategy Implementation, MBA for Executives, Jesse H. Jones Graduate School of Management, Rice University, Fall 2007. Business Ethics, MBA Program, Jesse H. Jones Graduate School of Management, Rice University, Fall 2003 to present. Business Ethics, MBA for Professionals Program, Jesse H. Jones Graduate School of Management, Rice University, Fall 2008 to present. Corporate Consulting/Training Clients Baker Hughes, Inc. Cisco Systems, Inc. MMI, Inc. ConocoPhillips Prisma Energy International Universal Compression, Inc. WH Energy Services, Inc. CGGVeritas, Inc. 30
Zimmer Dental BUSINESS EXPERIENCE 1983 to 1997: THE CHASE MANHATTAN BANK (presently JP Morgan Chase; formerly Chemical Bank, formerly Manufacturers Hanover Trust Company) Managing Director and Head of Foreign Exchange Regional Sales, New York, New York (June 1994 to February 1997) Responsible for a $45 million a year business servicing corporate, wealthy individuals and small business clients with foreign exchange needs. Managing an eighteen-person team, emphasis placed on generating significant revenue growth from this strong but previously under optimized client franchise. Redesigned marketing and pricing strategies for all market segments Upgraded 50% of staff Negotiated internal transfer pricing policy to purchase relationship managers marketing resources Automated pricing and processing of small transactions, leading to a significant increase in productivity Managed the integration of the department during the Chase/Chemical merger Results were a 50% increase in revenue, from a $30 million base. Also responsible for the Global Trading Division s technological strategic vision, development of tactics, and implementation as it related to the impact of new technology on traditional product delivery mechanisms. Resulted in the dedication of $20 million over three years to keep Chase on the leading edge. Managing Director and Business Manager, Foreign Exchange and Derivatives, New York, New York (March 1993 to June 1994) Recruited to strengthen and upgrade the Business Manager role. Responsibilities included directing all non-trading and sales activities (e.g., operations, credit, technology, personnel and all other support areas, some on a matrix basis); developing and executing business unit strategies with the Group Manager; managing and opining on new products, markets, structures, and risk measurement; developing and managing the human resource strategy, from entry level to senior trader/salesperson; and, determining technology needs and redirecting resources to reflect priorities. Vice President and Manager of the Strategic Expense, Profit and Productivity Program for the Asia, Europe and Capital Markets Group, New York, New York (December 1991 to March 1993) Reporting to the Vice Chairman, responsible for the development and management of a program to improve the strategic relevance, risk-adjusted economic performance, productivity and efficiency of a diverse set of businesses, including capital markets globally and wholesale banking activities in Europe and Asia. Responsibilities included analytic design; qualitative strategic assessments; negotiation with business unit management on recommended changes; and, multi-project 31
management. Each analysis concluded with recommendations presented to the Office of the Chairman. Over $200 million in increased revenue and reduced expenses achieved. Vice President and Strategic Planner for the Asia, Europe and Capital Markets Group, New York, New York (September 1989 to December 1991) Direct report to the Vice Chairman in charge of Manufacturers Hanover s Asia, Europe and Capital Markets Group. Responsible for the design, implementation and presentation to top management of special projects and analyses in the U.S. and abroad. Senior staff person facilitating the integration of global capital markets businesses during the MH/Chemical merger. Vice President, Public Finance Department, New York, New York (August 1983 to August 1989) Rose from management trainee to Vice President in the Public Finance Department, an investment banking unit focused on the U.S. tax-exempt bond market. Worked with bond issuers to raise funds for education, health care and business development. Responsibilities included new business marketing, negotiation of bond debentures, bond structuring, and working with the underwriting and sales desks to bring the bonds to market. Presentations Refereed OTHER ACADEMIC ACTIVITIES Cording, M., Lou, X., & Mittal, V. Connecting the Dots: An Exploration of Customer and Investor Reputations and Outcomes. Presented at the Academy of Management Annual Conference, August 2009. Cording, M., Simons, T., & Smith, B. When Companies Walk their Talk: The Impact of Organization-Level Behavioral Integrity on Acquisition Stock Performance. Presented at the Academy of Management Annual Conference, August 2009. Cording, M., King, D.R. & Christmann, P. The Power of Feedback: Intermediate Goals as Mediators of Integration Decisions and Acquisition Performance. Presented at the Strategic Management Society Annual Conference, October 2007. Cording, M. & Smith, D.B. Organizational Commitment to Employees and Acquisition Performance: A Resource-Based Perspective. Presented at the Academy of Management Annual Conference, August 2007. Cording, M. & Smith, D.B. Organizational Support to Employees and Acquisition Performance: A Resource-Based Perspective. Presented at the Atlanta Competitive Advantage Conference, June 2007. Cording, M., King, D.R. & Christmann, P. Linking Integration and Acquisition Performance: The Mediating Role of Intermediate Goal in Horizontal Acquisitions. Presented at the Academy of Management 2006 Annual Conference, August 2006. 32
Cording, M., Christmann, P. & Weigelt, C. Measuring an Elusive Construct Called Acquisition Performance. Presented at the Academy of Management Annual Conference, August 2006. Cording, M. & Smith, D.B. Value Consistency, Employee Justice Judgments & Acquisition Performance: The Role of Espoused & Enacted Values. Presented at the Academy of Management Annual Conference, August 2006. Schuler, D., Cording, M. & Christmann, P. Fair Trade: An Ethical Alternative or Just Another Marketing Gimmick? Presented at the Society for Business Ethics Annual Conference, August 2006. Cording, M., Weigelt, C. & Christmann, P. Measuring Acquisition Performance: A Comparison of Three Methods, Strategic Management Society, Puerto Rico, 2004. Cording, M. Walking the Talk: Organizational Integrity & Acquisition Performance. Academy of Management Annual Conference, New Orleans, 2004. Cording, M. & Schuler, D.A. Considering Information and Stakeholder Choice to Understand the Corporate Social and Financial Performance Linkage: A CSP-CFP Behavioral Model. Academy of Management Annual Conference, New Orleans, 2004. Cording, M., Christmann, P. & Bourgeois, L.J. A Focus on Resources in M&A Success: A Literature Review and Research Agenda to Resolve Two Paradoxes. Academy of Management Annual Conference, Denver, 2002. Cording, M. Integrity and Post-Merger Integration: The Role of Values in Value Creation. Society for Business Ethics Annual Meeting, Denver, 2002. Freeman, R.E, Werhane, P.H. & Cording, M. Connecting Ethics and Leadership. Society for Business Ethics Annual Meeting, Denver, 2002. Cording, M., Bourgeois, L.J. & Christmann, P. Paradox in Mergers & Acquisitions: A Review of the Literature and a Research Agenda. Strategic Management Society, Annual International Conference, San Francisco, 2001. Cording, M., Freeman, R.H., & Werhane, P.H. Connecting Ethics and Leadership. IESE, University of Navarra, 5 th International Meeting, Barcelona, Spain, 1999. Cording, M. Compensation in the Financial Services Industry: A Modest Narrative on Conflicting Stakeholder Interests. International Association for Business & Society, Tenth Anniversary Meeting, Paris, France, 1999. Presentations Invited Cording, Margaret, The Role of Values in Value Creation: Value Consistency and Acquisition Performance. 3 rd Biennial Conference on Ethics, Markkula Center for Applied Ethics, Santa Clara University, February 2005. 33
Cording, Margaret, Integrity and Post-Merger Integration: The Role of Values in Value Creation, Association for Practical and Professional Ethics, Annual Meeting, Cincinnati, Ohio, February 2002. Cording, Margaret and Nicholas Dew, Language at Work: Metaphors Employed in Mergers and Acquisitions, Society for Business Ethics, Toronto, Canada, August 2000. Cording, Margaret, Leadership and Ethics According to Adam Smith, Society for Business Ethics, Chicago, August 1999. Cording, Margaret, Exploring the Employee/Employer Power Relationship, Association for Practical and Professional Ethics, Washington, D.C., February 1999. Development of Teaching Materials Cording, M. & Bourgeois, L.J. 2001. Albany International/Geschmay Group Merger, Darden Graduate School of Business Administration, UVA-BP-0428. Cording, M. & Bourgeois, L.J. 2001. Two Big Banks Broken Back Office, Darden Graduate School of Business Administration, UVA-BP-0432. Cording, M. & Bourgeois, L.J. 2001. PSINet: Building an Internet Super Carrier (A), Darden Graduate School of Business Administration, UVA-BP-0433. Cording, M. & Bourgeois, L.J. 2001. PSINet: Building an Internet Super Carrier (B), Darden Graduate School of Business Administration, UVA-BP-0434. Franco, L., Cording, M. & Bourgeois, L.J. 2001. Kellogg-Worthington Merger, Darden Graduate School of Business Administration, UVA-BP-0426. Franco, L., Cording, M. & Bourgeois, L.J. 2001. Note on the Accelerated Transition, Darden Graduate School of Business Administration, UVA-BP-0426. Academic Organization Memberships Business Policy and Strategy Division, Academy of Management Strategic Management Society Social Issues in Management Division, Academy of Management Society for Business Ethics International Association of Business & Society Academic Committee Membership Member, Honor Code Committee, 2009. Member, Programs Committee, 2008. Member, Teams Committee, 2007. 34
Faculty Advisor, Executive Lecture Series, 2005-2007. Member, Dean s Search Committee, Jesse H. Jones Graduate School of Management, Rice University, 2004-2005. Member, Academic Standards Committee, Jesse H. Jones Graduate School of Management, Rice University, 2004-2007. Ad Hoc Review Activities Academy of Management Journal Academy of Management Review Organization Science Journal of Business Research Organizational Research Methods Management Science Academy of Management Annual Meetings 35