380 The History of Wake Forest
The University ruled that, starting with the entering class of 2004, all students
had to live on campus through their sophomore year. The idea—that Wake Forest
was best experienced on campus—was generated by Connie Carson, Director of Res-
idence Life and Housing, and Martha Allman, director of Admissions.
Wake Forest students demonstrated their quality both in teams and as individu-
als. President Hearn was informed on March 23 by Major General Alan W. Thrasher
that the University’s Army ROTC unit was in the top 15 percent of Cadet Com-
mand’s 271 units for the 2002–2003 school year.
A team of five students from the Calloway School was one of five national win-
ners in PricewaterhouseCoopers’ inaugural xTREME Accounting (xACT) Competi-
tion held in New York City on January 22–23. Graduate students Karen Ludwick
and Jonathan Fenton, junior Elizabeth Ellis, and sophomores Joshua Hemphill and
Roxanna Drake, coached by George Aldhizer (Accountancy), competed against 220
teams from twenty-eight schools.
Yvonne Hinson and her accounting students again offered free tax-filing assis-
tance to local residents. Their services began February 3 at the Goodwill Industries
building. In 2003, the group assisted around 1,700 local taxpayers, returning between
$30,000 and $40,000 in tax credits to them.
The fifth annual Babcock Elevator Competition took place on March 26–27.
The first round consisted of two, twenty-eight-floor elevator rides at the Wachovia
Center during which teams pitched their business
plans to a venture capitalist. The only thing the stu-
dents could leave behind when the rides ended was
a business card. Organized by the Babcock School’s
Angell Center for Entrepreneurship, the competi-
tion was believed to be the only one of its kind in
the country. Babcock students also used their busi-
ness knowledge to help the rector of the Haiti Naz-
arene Theological Seminary, who was struggling
with the costs associated with running the school.
The students worked with Stan Davis (Accounting)
to develop tactical plans that included accounting
systems and management strategies.
The annual Stop, Drop & Go program, in
which students collected residence hall items dis-
carded in the spring and sold them to the public in
the fall, entered its third year. Four students started
it to provide affordable goods to the community
and to raise money for charities. At its yard sale on
September 13, the program raised $1,750 for Crisis
Hit the Bricks, a unified, yet competitive,
fundraiser for the Brian Picollo Cancer Fund, ran
from 11 a.m. to 7 p.m. on September 25. Teams of
ten from fraternities, sororities, and open groups
raced each other around the brick Quad. Prizes
Martha Allman; Connie Carson