Detroit Finance Director to Teach New Course at UDM
This fall, University of Detroit Mercy’s College of Business Administration will offer a new course from John Naglick, Jr., finance director & interim treasurer for the City of Detroit, on a subject with which Naglick has significant experience: “Accounting During a Cash Crisis.”
Naglick’s course aims to show business students how to manage cash during crisis situations, helping organizations survive the turnaround process. He explains, “While the professionals are restructuring things, it is important to have cash to make payroll and pay vendors… In other words, you have to fly the plane while you are fixing it.”
And if anyone would know how to do that, it’s Naglick. In addition to his work in Detroit, he served in a similar position for the City of Pontiac. A graduate of University of Detroit, he earned his Bachelor of Business Administration in 1978 and his Master of Business Administration in 1983.
Naglick’s time at the University shaped his professional identity, particularly a business ethics course taught by Father Gerald Cavanagh, S.J. To this day, he still recalls Fr. Cavanagh’s lessons when faced with difficult situations.
“He took us beyond the quantitative view of business and into the social responsibility that came along with it,” Naglick said.
Release date: July 25, 2014
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