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Ron Strauss

Senior Associate Dean, Feliciano School of Business, McColgan Center

Email:
straussr@montclair.edu
Phone:
973-655-5280
Degrees:
B.S., State University of New York at Binghamton
M.S., State University of New York at Binghamton
Ph.D., Rutgers University
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Bio

Dr. Ronald Strauss is the Senior Associate Dean, Feliciano School of Business, Montclair State University, NJ, USA and a Full Professor in the Department of Accounting and Finance. Dr. Strauss holds a Ph.D. from Rutgers University and earned his BS and MS in Accounting from Binghamton University. He joined the Feliciano School of Business in 2011 and has served as Chair of the Accounting and Finance Department. His primary research interests involve ethics of business, finance and accounting, executive compensation, and disclosures and governance on a global basis with a particular emphasis on decoding the ethical content of financial disclosures. In addition to research articles published in peer-reviewed academic journals Dr. Strauss co-authored <i>Wall Street Values: Business and Ethics and the Financial Crisis of 2008</i> published by Cambridge University Press. Prior to entering academia Dr. Strauss enjoyed a private sector career of over 30 years in the financial industry including ten years in Asia in a variety of leadership positions with Merrill Lynch, primarily in Japan. His private sector career began as a CPA with KPMG in the NY financial institutions group.
First Gen graduate of Stuyvesant High School NYC.

Expertise

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

Research

  • 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

Professional Experience

  • Supervisor, Peat, Marwick, Mitchell & Co. (1977 - 1983)
  • Senior Vice President, Merrill Lynch & Co. Inc. (1983 - 2003)
  • Business Advisor, Spectrum Holdings, LLC. (2003 - 2007)
  • Professor, Montclair State University (2008 - 2016)
  • Senior Associate Dean, Montclair State University (2021 - Present)
  • Chair, Department of Accounting and Finanace, Montclair State University (2017 - 2021)

Honors & Awards

  • Doctoral Summer Research Fellowship, Rutgers (May 2009)
  • Alumnus of the Year Award, School of Management - Binghamton University (May 2007)
  • 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)

Refereed Published Articles

  • D. Palmon, M. Santoro, R. Strauss (2009). Pay Now Lose Later: The Role of Bonuses and Non-Equity Compensation in the Financial Meltdown of 2007-2009. The Open Ethics Journal
  • M. Santoro, R. Strauss (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
  • R. Strauss (2014). Discussant Comment on the Expression of Espoused Humanizing Values in Organizational Practice: A Conceptual Framework and Case Study . Journal of Business Ethics
  • R. Strauss (2014). Transitioning from the Private Sector to Academia. The CPA Journal
  • R. Strauss (2014). Cash-Based Executive Incentive Compensation and Net Earnings - Ethical Analysis . Journal of Academy of Business and Economics
  • J. Yang, R. Strauss, P. Lohrey (2015). Foreign Tax Credit Involving Net Investment Income . Business Journal for Entrepreneurs
  • R. Strauss (2015). The Ethical Content of Accounting Information. Journal of Academy of Business and Economics
  • R. Strauss (2015). Contemporary Research in Valuation and Forensic Accounting. The Value Examiner
  • R. Strauss, S. Markoff, (2016). Keep Your Eye on the Prize: Pursuing the CPA. Magazine of the New Jersey Society of Certified Public Accountants
  • A. Jeffers, R. Strauss, S. Waters, (2017). The Shame of Wells Fargo - Ethics and Leadership Failures. International Journal of Decision Sciences
  • S. Romero, R. Strauss, A. Jeffers (2017). Accounting Information Systems - Crucial Frontier in Business Ethics. International Journal of Data Analysis and Information Systems

Published Proceedings

  • R. Strauss (5s). 2011. The Ethical Content of Accounting Information (Abstract Only) 16th Annual Ethics Symposium of the 2011 AAA Annual Conference
  • , R. Strauss (5s). 2010. Too Big to Fail – Ethical Breakdown of the U.S. Financial System American Management Association
  • R. Strauss, M. Santoro (5s). 2010. Cash-Based Executive Compensation and Net Earnings in Light of the Financial Crisis of 2008 (Abstract Only) 15th Annual Ethics Symposium of the 2010 AAA Annual Conference
  • R. Strauss, M. Santoro (5s). 2012. Mirror, Mirror on the Wall: Applying Milton Friedman’s Standard of Corporate Social Responsibility to Wall Street (Abstract Only) Society for Business Ethics
  • R. Strauss (5s). 2013. On Wall Street Values - Extension to Japan (Abstract Only) U.S.-Japan Research Institute
  • R. Strauss, M. Santoro (5s). 2014. Beyond CEO Pay Levels: An Ethical Analysis of the Effect of the Volker Rule on Financial Industry Executive Compensation (abstract only) Annual Meeting Society of Business Ethics

Books & Chapters

  • R. Strauss, M. Santoro (2013). Wall Street Values: Business Ethics and the Global Financial Crisis . Cambridge University Press
  • R. Strauss, M. Santoro (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 Academy of Social Sciences Press