Dr. Ronald J. Strauss

Chair | Accounting and Finance | Felciano School of Business
Location: 392
Telephone: 973-655-4774
Email: straussr@montclair.edu

Biography

Ron Strauss, Department Chair, Accounting and Finance Department brings over 35 years of combined private sector and academic experience to both his teaching and research.
Research: Ethical content of accounting information; pay for performance - executive compensation; privacy, public interest and AIS; Wall Street values: Business Ethics and the Financial Crisis of 2008.
Courses: Financial Accounting; ethics in business, finance & accounting; graduate/undergraduate; coop internships.
Private sector: KPMG-NY financial institutions group - six plus years; Merrill Lynch 20 years various senior financial and operating positions including - nine-plus years based in Asia, two years International COO and 3 years fixed income COO.
Co-author of Wall Street Values- Business Ethics and The Global Financial Crisis, 2013, Cambridge University Press.

Expertise

Financial Accounting
Global Financial Crisis
Ethics in Business, Finance and Accounting
Wall Street Values
Executive Compensation - Pay for Performance
Privacy and Accounting Information Systems

Education

  • Ph D, 2011, Rutgers University, Newark & New Brunswick, New Jersey, USA
  • MS, Accounting, 1977, Binghamton University, Binghamton, NY, USA
  • BS, Business, 1976, Binghamton University, Binghamton, NY, USA
  • Other, Stuyvesant High School, 1972, Math/Science, New York City

Professional Experience

  • Business Advisor, Spectrum Holdings, LLC.. (October 2003 - April 2007).
  • Senior Vice President, Merrill Lynch & Co. Inc.. (August 1983 - September 2003).
  • Supervisor, Peat, Marwick, Mitchell & Co.. (June 1977 - August 1983).

Honors and Awards

  • Best Doctoral Paper Award, 16th Annual Ethics Research Symposium , American Accounting Association. (August 2011).
  • Beta Gamma Sigma , Doctoral Lifetime Member. (May 2011).
  • Best Paper Award, 15th Annual Ethics Research Symposium , American Accounting Association. (August 2010).
  • Doctoral Summer Research Fellowship , Rutgers. (May 2009).
  • Alumnus of the Year Award , School of Management - Binghamton University. (May 2007).

Research

  • AI and machine learning bias - Ethical analysis. AI bias or machine learning bias is a growing concern and in this paper we analyze from an ethical perspective the risks auditors should consider when relying upon AI or machine learning capabilities.
  • Developing a Student Managed Fund Course - This paper discusses the various considerations and variables educators should evaluate when determining how to launch a student fund course. Additionally, the paper discusses how such a course can be situated within a finance curriculum.
  • Financial Advisor Misconduct - Are private settlements in the public interest? An Ethical analysis. This article analyzes the well publicized case where a JP Morgan broker was fired for excessive and unauthorized trading. However, the nature of allowable private settlements prevents the public, through FINRA, from benefiting from the necessary transparency to protect the public interest.
  • The case of Carlos Ghosn. This paper analyzes, from the perspective of ethical leadership, the demise of Carlos Ghosn, The former CEO of Nissan

Refereed Published Articles

  • Romero, S., Strauss, R., Jeffers, A. (2017). Accounting Information Systems - Crucial Frontier in Business Ethics. International Journal of Data Analysis and Information Systems, 9 (1), pp. 13-21.
  • Jeffers, A., Strauss, R., Waters, S., (2017). The Shame of Wells Fargo - Ethics and Leadership Failures. International Journal of Decision Sciences, 8 (1), pp. 1-11.
  • Strauss, R., Markoff, S., (2016). Keep Your Eye on the Prize: Pursuing the CPA. Magazine of the New Jersey Society of Certified Public Accountants, September-October (2016),
  • Strauss, R. (2015). Contemporary Research in Valuation and Forensic Accounting. The Value Examiner, 2015 (M/J), pp. 24-27.
  • Strauss, R. (2015). The Ethical Content of Accounting Information. Journal of Academy of Business and Economics, 15 (1),
  • Yang, J., Strauss, R., Lohrey, P. (2015). Foreign Tax Credit Involving Net Investment Income. Business Journal for Entrepreneurs, 2015 (10), pp. 10-23, March 15, 2015.
  • Strauss, R. (2014). Cash-Based Executive Incentive Compensation and Net Earnings - Ethical Analysis. Journal of Academy of Business and Economics, 14 (4), pp. 7-16.
  • Strauss, R. (2014). Transitioning from the Private Sector to Academia. The CPA Journal, LXXXIV (8), pp. 12-13.
  • Strauss, R. (2014). Discussant Comment on the Expression of Espoused Humanizing Values in Organizational Practice: A Conceptual Framework and Case Study. Journal of Business Ethics, 126 (1), pp. 83-84.
  • Santoro, M., Strauss, R. (2012). Too Big and Too Interconnected To Fail: Historical and Ethical Analysis of Sustainability Risk to U.S. Financial System. International Journal of Sustainable Economy/Inderscience Publishers, 4 (4), pp. 356-369.
  • Palmon, D., Santoro, M., Strauss, R. (2009). Pay Now Lose Later: The Role of Bonuses and Non-Equity Compensation in the Financial Meltdown of 2007-2009. The Open Ethics Journal, 3 (1), pp. 76-80.

Books & Chapters Published

  • Strauss, R., Santoro, M. (2013). Wall Street Values: Business Ethics and the Global Financial Crisis. (pp. 232). Cambridge: Cambridge University Press.
  • Strauss, R., Santoro, M. (2012). Capital, Credit, and Responsibility in Crisis: What Concepts, Systems, and Ethics are Needed for Future Wealth Creation,Eds. Xiaohe Lu and Daryl Koehn; Part 1, Chapter 1 - Too Big to Fail: Ethical Breakdown of Governance of the U.S. Financial System. Shanghai, China: Shanghai Academy of Social Sciences Press.

Published Proceedings

  • Strauss, R., Santoro, M. (2014). Beyond CEO Pay Levels: An Ethical Analysis of the Effect of the Volker Rule on Financial Industry Executive Compensation (abstract only). Philadelphia: Annual Meeting Society of Business Ethics. Refereed
  • Strauss, R. (2013). On Wall Street Values - Extension to Japan (Abstract Only). Washington DC: U.S.-Japan Research Institute.
  • Strauss, R., Santoro, M. (2012). Mirror, Mirror on the Wall: Applying Milton Friedman’s Standard of Corporate Social Responsibility to Wall Street (Abstract Only). Boston MA: Society for Business Ethics. Refereed
  • Strauss, R. (2011). The Ethical Content of Accounting Information (Abstract Only). Denver, Co.: 16th Annual Ethics Symposium of the 2011 AAA Annual Conference. Refereed
  • Strauss, R. (2010). Too Big to Fail – Ethical Breakdown of the U.S. Financial System. New York, NY: American Management Association. Refereed
  • Strauss, R., Santoro, M. (2010). Cash-Based Executive Compensation and Net Earnings in Light of the Financial Crisis of 2008 (Abstract Only). San Francisco, Ca.: 15th Annual Ethics Symposium of the 2010 AAA Annual Conference. Refereed