Whitman doctoral student receives KPMG Scholarship

Willie Reddic ’13 PhD, a doctoral student in the Whitman School of Management, has received a KPMG Minority Accounting Doctoral Scholarship from the KPMG Foundation for the 2011-2012 academic year. After initial selection for the scholarship for 2010-2011, Reddic was chosen for renewal of the $10,000 scholarship for the current academic year.

Since 1994, the KPMG Foundation has awarded more than $10 million to 297 African American, Hispanic American, and Native American scholars pursuing doctoral degrees, as part of its ongoing commitment to increase the representation of minority students and professors in business schools.

Bernard J. Milano, president of the KPMG Foundation, believes that Reddic “has demonstrated that dedication, hard work and ambition pay off. Like all our scholarship recipients, he is key to our country’s future and we look forward to following his success after graduation.”

Reddic, who began his doctoral studies at Whitman in 2008, has been researching corporate governance, directors’ and officers’ protection, discretionary accruals and the cost of capital equity. He is currently examining the effects of the Sarbanes-Oxley Act, which is also known as the Public Company Accounting Reform and Investor Protection Act, on the incidents of manipulated earnings. He is analyzing the potential implications these findings may have on investment firms’ decisions to provide protection for their directors.

Reddic, who is from Sacramento, Calif., has a bachelor’s degree from California State University, Chico and a master’s degree from the University of Illinois at Urbana-Champaign. After graduation, Reddic hopes to secure a position in the doctoral granting institute of a business school at a Tier 1 research university or college.