WRITER: BETHNEY LARSON
CONTACT: GEORGE MCCRORY
300 Plaza Centre One
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Nov. 19, 2001
UI student Kevin Ragon joins Krause Challenge Board
IOWA CITY, Iowa -- University of Iowa Senior Kevin Ragon was chosen to represent
the UI on the Krause Gentle board of directors and the Krause Challenge Students
Board for the fall semester. Ragon will act as a liaison between the board
and the UI for the Krause Challenge competition.
The Krause Challenge is a competition among the UI, University of Northern
Iowa, Iowa State University and Drake University. By investing in the stock
market, each school competes by managing a stock portfolio in a business class.
The performance of the portfolio's stocks and the amount of their return will
determine the winner. The portfolio management allows the students to gain
real experience valuing firms.
In 1998 W.A. Krause, president and CEO of Krause Gentle Corporation and
its subsidiary, Kum & Go, gifted $100,000 each to the state's primary
universities. The schools must include companies with significant presence
in Iowa and distribute at least 25 percent of the assets among them.
A veteran of the U.S. Army, Kevin of West Liberty and originally of Denver,
Colo. was selected from the UI security analysis course, which is participating
in the third academic year of the Krause Challenge. Kevin is a finance major
and is recognized on the National Society of Collegiate Scholars.
The board meets quarterly to discuss issues facing the competition. Ragon
will represent the UI by acting as a communication channel between the UI
and the Krause Challenge; specifically, he will work to ensure continuity
and refinement of the Krause Investment Challenge. Ragon joins students from
UNI and ISU on the board of directors. Drake is not participating this semester.
For more information on the Krause Challenge, see www.biz.uiowa.edu/krause/.