Fall 2010 Issue
Andreas School of Business professor wins Outstanding Educator of the Year Award
For 40 years, Dr. Bruce C. Payne has educated countless students as a professor of finance. This year, the nonprofit Federation of Business Disciplines honored him with the 2010 Outstanding Educator Award at its national conference in March. The organization boasts national and international constituencies of more than 1,000 business school professors. The award recognizes educators who have been identified as truly outstanding in their teaching and other efforts that contribute to student learning.
“He was most deserving of this recognition,” said Dr. Michael Tyler, accounting professor in the Andreas School of Business. “Dr. Payne is an amazing professor and colleague. He is always willing to go the extra mile for his students and fellow faculty members. He is a world renowned scholar and, without a doubt, the most prolific researcher in the Andreas School of Business.”
A Barry professor since 1998, Payne has played a major role in several initiatives at the Andreas School of Business, including its initial accreditation by The Association to Advance Collegiate Schools of Business International (AACSB). Payne also co-founded and is the advisor for Barry’s business honor society - Financial Management Association International (FMA).
In 1970, Payne began his career at Marshall University in Huntington, West Virginia. That same year, tragedy struck the university; 75 people, including the Marshall football team, coaches, fans and prominent members of the community, all died in a plane crash. The team had played and lost a game to East Carolina University in Greenville, North Carolina, that afternoon.
“Like the assassination of President John F. Kennedy and the tragedy of 9/11, everyone remembers exactly where they were and what they were doing,” said Payne, who recalls it was a while before anyone said a word after hearing the news on an old, black and white TV with a rabbit ear antenna. “We quietly hung our heads, got in our cars and drove home. This year is the 40th anniversary of the tragedy, and the players would have been in their early 60s by now. I have thought of that day every year as we approached the Thanksgiving holiday, and I do not think I am alone.”
A member of the Society of Economists (SSE) for 30 years, he has presented a paper at every annual meeting, except for the one held in 1991 - the year he was activated for duty in the first Persian Gulf War, known as Operation Desert Storm.
Payne has won the SSE Distinguished Paper Award twice, in 1995 and 2000, and has more than 55 published articles in peered-review journals. “He has written for many publications and belongs to so many professional organizations that he was worthy of such recognition; he is No. 1 in publications presentations,” Daghestani said.
Aside from his professional development, Payne volunteers for the American Cancer Society (ACS) serving as a former member of its board of directors. For the past decade, he has also rallied his students to be a part of the fundraising efforts for the Making Strides Against Breast Cancer ACS run in Miami. He and his students register runners, hand out water and assist in the fundraiser every year. “I would much rather fly beneath the radar,” said Payne, who modestly accepted the recognition from his colleagues and noted he was honored to be selected for such a prestigious award.