September 2015 | Issue 23

Teresa Cascioli, BCom ’83: M is for Money

Teresa Cascioli, B.Com. '83: M is for Money

When Teresa Cascioli, BCom ’83, came up with a concept for a children’s book series she did what any entrepreneur would do: she started a publishing company, hired an up-and-coming talented illustrator, teamed with a Canadian distributor, sought savvy publicity partners , trademarked her brand and got down to business.

“I learned from a young age that while money was not the be-all-end-all, it was valuable and important and to respect it.

M is for Money” was built on her passionate belief that children need to learn about the importance of financial literacy, making it the backbone for larger financial decision-making as they grow. “I learned from a young age that while money was not the be-all-end-all, it was valuable and important and to respect it. When my mother gave me money to go to the store, I knew that I had to bring back the change. They needed it. Each dollar was accounted for,” recalls Cascioli. Money knowledge helped shape the foundation of Cascioli’s character, and helped prepare her for a successful career in finance and entrepreneurship.

Born and raised in Hamilton, Ontario to Italian immigrants, attending McMaster University’s business school was a natural fit. Working three jobs to help put herself through school, Cascioli graduated with a degree in business in 1983. “I was very young when I started at McMaster,” shares Cascioli. “I was 17 years old and spent the majority of my time studying. By the time I was in 3rd and 4th year, I knew the program from a comprehensive level. I learned practical and fundamental principles; discipline and decision-making skills that helped prepare me for the corporate world.”



Deans’ Column – September 2015

Leonard Waverman | Dean, DeGroote School of Business

473r-leonard-waverman-2012_ppSeptember has finally arrived and campus is once again buzzing with activity. I am sure each of you remembers those first weeks at McMaster: wide-eyed and nervously searching for classrooms and buildings with indecipherable combinations of letters and numbers. Where is DSB-AB102 anyway?

Teresa Cascioli (BCom ’83) believes that financial literacy should begin long before anyone steps onto a university campus. To that end, she has created a book series, M is for Money, aimed at instilling financial knowledge from a young age.

Elsewhere in this issue of Knowledge Magazine, Rick Hackett shares his research on virtuous leadership in Doing Well by Doing Good and Gordon Pitts offers a two-part series on leadership gleaned from interviews with several of our alumni now working in New York City.

Don’t forget about our busy fall event schedule – and be sure to use the promo code available below to save $25 on each event.


In Practice

Doing Well by Doing Good

Rick Hackett | Professor, Human Resources and Management

361r-rick-hackett-2012_pp‘Good character’ is widely considered a mainstay of effective, successful and enduring leaders; and certainly we know of many leaders who have ‘fallen’ with damaged reputations for ‘slights of character.’ It is therefore surprising that there is little agreement on the specifics of what constitutes good character. Moreover, there is no established way to measure character; instead there tends to be heavy reliance on subjective anecdotal accounts of the role of character in leadership.

To more fully investigate the role of character, we began by reviewing the most widely adopted leadership theories and identified a set of virtues most common to them, as found among the established literature on virtues ethics and Confucianism. The virtues identified consist of:

  • Prudence
  • Courage
  • Temperance
  • Justice
  • Compassion
  • Truthfulness / Integrity

Together they comprise character, providing leaders a ‘moral compass’ that serves as a foundation for ‘virtuous leadership.’



Follow those that lead – Tips on Leadership – Part 1

Gordon Pitts | DeGroote Writer in Residence

brad-hardyTo survive in the demanding world of global business is hard enough – but what does it take to lead? A number of McMaster alumni have become leaders in the hurly-burly of New York City, perhaps the most competitive business arena in the world. They discuss the important learning moments on their evolution as leaders, and what they look in the people they hire.

The Writing Thing

Brad Hardy, MBA ’93, hires very bright people in his role as senior vice-president of global banking for Wells Fargo in New York. Entry-level financial analysts usually come with strong underpinning in finance, economics or accounting. But a comfort with financial statements and number-crunching is not enough, he warns.

“They need to draw conclusions and identify trends in those numbers – and they need to have the ability to articulate those things on a page.”


Follow those that lead – Tips on Leadership – Part 2

Gordon Pitts | DeGroote Writer in Residence

Rick NinoFollow your passions

Rick Nino started out as a human resources specialist in industrial companies, and he liked what he did. But as he got older, his widening interests took him into corporate strategy and business development and ultimately into the investment community. It never bothered him to switch disciplines – he was curious about all kinds of business. That flexibility became his calling card, and today he is a central player in leading fund manager Fiera Capital’s expansion in the United States.

Follow your passions is his motto, and Nino has been just as engaged in pursuing personal interests. He has been able to maintain a very rich non-business life despite the hectic pace of his job. Coming from an Italian Canadian family in Sault Ste. Marie, family life has been centred on food. more…

Getting Out

Cooper and Pitts:
A Fireside Chat

Toronto, Ontario

sherry-cooper-gordon-pittsJoin us for lunch and a provocative conversation with renowned economist, Dr. Sherry Cooper (TMX industry professor) and esteemed business journalist Gordon Pitts (DeGroote’s Business Writer in Residence).

Dr. Cooper will discuss the latest insights around trending industry news and what to expect as we approach the final quarter in 2015.

Knowledge @ DeGroote: Generational Diversity

Burlington, Ontario

generational-diversityJoin us for breakfast with Knowledge @ DeGroote in partnership with the Burlington Economic Development Corporation for a panel discussion on generational diversity, featuring Dr. Sherry Cooper, Frances Tuer, Ruta Stauskas, and Rick Simm. This expert panel will provide insight into the emerging knowledge about Gen Z, what they want from you, and the challenges of managing generational diversity.

Event Promo Code

Your $25 event promo code is: KMAG2015



Cooper and Pitts: A Fireside Chat

Sep. 24, 2015 | 12 – 1:30 p.m.

Dr. Sherry Cooper, interviewed by Gordon Pitts | The National Club, Bay Street, Toronto, ON

Knowledge @ DeGroote: Generational Diversity

Sep. 29, 2015 | 7:30 a.m. – 9 a.m. A panel discussion with Frances Tuer, Ruta, Stauskas, Dr.Sherry Cooper, Rick Simm | Burlington, ON – RJC Great Hall


Knowledge @ DeGroote: Innovation Governance

Oct. 6, 2015 | 5 p.m. – 7 p.m. In partnership with the Directors College. A cocktail event moderated by Michael Hartmann, human resources and management professor at DeGroote and Principal of The Directors College. | The National Club, Bay Street, Toronto, ON


Knowledge @ DeGroote: Knowledge Hiding

Oct. 9, 2015 | 7:30 a.m. – 9 a.m.  Catherine Connolly, interviewed by Gordon Pitt | Burlington, ON – RJC Great Hall


Women’s Breakfast Series: Women in Leadership

Oct. 20, 2015 | 7:30 a.m. – 9 a.m.  Featuring Debbie Coull-Cicchini, senior vice-president of Intact Insurance. | Burlington, ON – RJC Great Hall

We want to hear from you!

Please let us know if you have
feedback or suggestions about
this publication.


Learn | Discover | Connect

Contact Us

Have an interesting story to share? Want to get more involved with DeGroote? Email Leah Rosenthal and get in touch today.
DeGroote on LinkedIn DeGroote on Twitter DeGroote on Facebook DeGroote on Google Plus