New Phillips professor builds on teaching legacy
A lot of OSU accounting alumni once worked for the Never-Lose Company.
A famous project developed by Professor Mary Ellen Phillips who taught at OSU from 1973-1994, the fictional Never-Lose Company gave students a chance to act like the accounting department of a business for an entire accounting cycle.
Today, Jared Moore, who now holds a professorship created in Phillips' honor, still uses the same teaching method in his accounting classes—though "Never Lose" has since become the "Corvallis Athletic Supply Company."
"It really drives home material covered in the class," said Moore. "The project is a staple of the course ever since Mary Ellen Phillips created it more than 20 years ago."
Phillips, who passed away last February, was an influential teacher, who mentored many students who went on lead successful companies in the real world. One of them, Thomas Toomey, recently created the professorship in her name as part of a $1 million commitment to the university. Toomey is the president and chief executive officer of UDR, Inc., an S&P 400 company that owns and manages over 43,000 apartment homes in targeted markets in the United States.
"Since graduating from OSU, I often reflect upon the insight and professionalism that Mary Ellen bestowed upon all her students," he said. "It is my family's hope that this gift will assure that OSU accounting scholars continue to find the same quality education that Mary Ellen gave me."
On May 21, the College of Business selected Moore to become the first holder of the professorship. An award-winning teacher, Moore teaches junior and senior level courses taken by all accounting majors. He is also one of three faculty advisors who helped a team of OSU accounting students take first place in the Berntson Porter-University of Washington MPAcc Tax Competition this year.
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