Haas NewsWire


Haas NewsWire, January 23, 2001


CONTENTS
Haas MBA Student Peter Lemieux wins Dorothea Lange Fellowship
Financial Times Ranks Haas 14th in the World, 11th Among US Business Schools
Office Rents to Drop, According to Professor Ken Rosen
Haas Undergrads Learn Valuable Career Skills in ACES
Haas in the News
Happening at Haas

Haas NewsWire Archive
Contact Haas NewsWire



HAAS HEADLINES


HAAS MBA STUDENT PETER LEMIEUX WINS DOROTHEA LANGE FELLOWSHIP

Peter Lemieux, MBA 01, is this year's winner of the Dorothea Lange Fellowship, awarded for his photos of migrant workers in San Francisco's Mission District. The award includes $4,000 from UC Berkeley's Office of Public Affairs, which administers the fellowship, to finance a photographic expedition back to the Mission District. There Lemieux plans to document the lives of urban migrant workers from the first morning light through their day jobs and into their after-work hours.

The fellowship is awarded to a UC Berkeley faculty member, graduate student, or to an undergraduate senior accepted for graduate work at UC Berkeley who demonstrates outstanding work in documentary photography and a creative plan for future work.

Lemieux, who earned bachelor's degrees in French and public policy from Duke University, said the urban migrant worker has been overlooked by the media in favor of farm laborers. "All across America, these groups of (urban) migrants...roof, paint, landscape, construct, and re-construct urban America each day and do so with no workers' rights, sporadic employment, and zero gratitude."

Lecturer Mimi Chakarova recommended Lemieux for the Lange award, having become acquainted with him in her documentary photography course at the campus's Graduate School of Journalism. "I am convinced that Peter shares Dorothea Lange's compassion and dedication to make a difference in communities that at times are forgotten by the rest of the world," she said in her letter of recommendation.

He said he came to UC Berkeley to earn a business degree and to explore the campus's documentary and photojournalism programs. "I want to explore social venture opportunities that can positively impact our world," Lemieux said. "This demands business savvy."

Lemieux's photographs will be exhibited in Moffit Library in mid-February. The can also be viewed online at www.berkeley.edu/lange.

Dorothea Lange was known for her landmark photographic work documenting farm families migrating west in search of work during the Depression. She worked with her second husband, Paul S. Taylor, who was a UC Berkeley professor and labor economist. As a tribute to his wife, Taylor established the fellowship at UC Berkeley in 1981, a decade and a half after Lange's death. The first award was given in 1982.

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FINANCIAL TIMES RANKS HAAS 14TH IN THE WORLD, 11TH AMONG US BUSINESS SCHOOLS

The Financial Times (FT) ranked the Haas School the 14th best business school in the world -- and 11th best among US business schools -- in its latest annual survey of top MBA programs released on Monday, January 22.

Although Haas ranked two places lower than in last year's Financial Times survey, the school was statistically neck-and-neck with the next two highest schools in the ranking. Out of a total of 100 points, Haas scored 60.3, while Dartmouth scored 60.5, and UCLA came in with 60.7. The top school in the ranking, Wharton, had 76.1 points.

The Haas School also finished ahead of the University of Michigan, the Darden School at the University of Virginia, and Duke's Fuqua School, all of which placed significantly higher than Haas in last fall's Business Week rankings.

Details of the rankings can be found at http://career.ft.com/BusinessEducation.

The FT rankings are determined by a school's performances in three broad areas: career progression of the school's MBA graduates, diversity of the school's faculty and students, and the school's research. A variety of factors, from the number of women faculty and students to the number of faculty with doctorates, were weighted and quantified to create the final rankings. The greatest weightings are given to career performance -- measured largely by salary -- of a school's recent MBA graduating classes. The MBA Class of 1997 was surveyed this year.

The FT survey is also heavily weighted toward international aspects of business schools, including the percentage of international students, the number of languages required upon completion of a degree, the international career mobility of alumni, and the percentage of the school's advisory board that is international.

The Haas School tied with the MIT Sloan School for 8th place among all business schools for the quality of faculty research. The Financial Times research ranking is based on the number of articles published in 35 international academic and practitioner journals. Haas was first in research last year, and 5th best the year before.

In addition, the Haas School placed 3rd best in entrepreneurship among all schools, and 8th best in information technologies. Haas also did well in the in terms of the salaries of its graduates, ranking in the top ten of North American business schools' weighted salaries for recent MBA classes. Salaries of MBA graduates in the information technologies field placed the school 7th among all schools, while the consulting industry salaries of recent Haas alumni placed it 8th highest among all business schools.

"We always try to learn what we can from each new ranking -- an effort that involves trying to understand the underlying methodologies that influence our showing," said Richard Kurovsky, the Haas School's executive director of marketing and communication. "But the best long-term strategy for success remains to focus on the fundamentals of a great business school -- relentlessly pursuing outstanding students, faculty and staff, offering first-rate academic and research programs, and delivering high quality school services. This is what we are doing at Haas."

Top 14 Financial Times Rankings and Total Points

  1. University of Pennsylvania: Wharton (76.1)
  2. Harvard Business School (75.3)
  3. Stanford University, GSB (73.0)
  4. University of Chicago, GSB (70.3)
  5. Columbia University, GSB (69.9)
  6. MIT: Sloan (68.5)
  7. Insead (67.8)
  8. London Business School (65.4)
  9. Northwestern University: Kellogg (64.8)
  10. New York University: Stern (63.6)
  11. IMD (61.9)
  12. UCLA: Anderson (60.7)
  13. Dartmouth: Tuck (60.5)
  14. University of California Berkeley: Haas (60.3)

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OFFICE RENTS TO DROP, ACCORDING TO PROFESSOR KEN ROSEN

Office rents may decrease by 15 - 20% and vacancy rates may increase to 6 - 8% by 2005, according to a new study by Ken Rosen, California State Professor of Real Estate and Urban Economics and chairman of the Fisher Center for Real Estate and Urban Economics, and Amanda Howard, senior analyst at RCG. The same study predicts that Internet firm layoffs will increase and continue through 2002 along with more moderate overall employment growth.

The Rosen and Howard study of the office market in San Francisco and Silicon Valley uses three possible scenarios to predict outcomes for the market: Correction, which they believe is the most likely and is described above; Current Trends; and Deep Correction. The Current Trends scenario assumes Internet layoffs continue through 2001 at the current 2.7% rate, and then fall to the US average rate of 1% a year, resulting in continued strong rent growth. The Deep Correction scenario assumes web layoffs increase to 7.5% a year and overall job growth slows significantly, resulting in a 30 to 35 percent decrease in rents.

Rosen and Howard reviewed more than 800 lease transactions and interviewed major tenants, owners and developers, representing more than 45,000 employees and 16 million square feet of space. From this analysis, the authors found that a substantial portion of the demand for office space came from high-risk online and medium-risk technology companies during the past 18 months; more than 50% of the leases signed in 1999 and 2000 involved web firms. Despite recent layoffs and business closures, online firms continue to be attracted to the Bay Area. At the same time, the authors found that many traditional offline firms are planning to slow their growth in the region in response to the record rents.

"While demand may be softening, the Bay Area's real estate markets are in better shape to withstand a potential reduction in employment growth than they were in the late 1980s," said Rosen. "New supply is more constrained and vacancy rates are starting at very low levels."

The full text of the article will be available soon from the Fisher Center for Real Estate and Urban Economics. For more information go to http://www.haas.berkeley.edu/groups/iber/wps/creuewp.htm.

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HAAS UNDERGRADS LEARN VALUABLE CAREER SKILLS IN ACES

The Center for Financial Reporting and Management (CFRM) at the Haas School is offering a series of seminars for Haas undergraduates aimed at improving their career skills. ACES-- A Career Enhancement Series -- will be presented by CFRM's sponors: Arthur Andersen, Deloitte & Touche, KPMG and PricewaterhouseCoopers, for the entire Haas undergraduate community.

ACES is comprised of five modules, each covering a separate topic and requiring registration. The first module, scheduled for February 7, from 5:00 p.m. to 6:30 p.m., is on the topic of personality assessment. Pizza will be served. The class will be held in Room C210 (Cheit Hall). Dress is campus casual. This session is open to all Haas undergraduate students and non-Haas student members of Haas-sponsored organizations. Registration is required and space is limited.

 

 

Admission will be on a first-registered, first-admitted basis. To register send an e-mail to Dayna Haugh, manager of CFRM (haugh@haas.berkeley.edu), and write "requesting registration for ACES, session 1" in the subject line. Also attach a copy of your resume (or drop off in Room 502D) and it will be included in a resume book for the accounting firms presenting the classes. Registration requests for session 1 are being accepted only from January 30 to February 5.

After the close of the registration period participants will be notified by e-mail whether they have been admitted to the session. For further information, contact Haugh at haugh@haas.berkeley.edu. As an added bonus, the accounting firms will raffle off four Palm Pilots at the last session.

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HAAS IN THE NEWS

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration and the director of the University of California Energy Institute, was quoted in The New York Times on January 22. In the past week he was interviewed by KCBS, KQED's morning news, and NPR's Marketplace. He was also quoted in the Los Angeles Times, the San Francisco Chronicle, and the Christian Science Monitor.

Tomoko Yamabe, MBA 01, is writing articles for the Nikkei Shimbun, a Japanese business newspaper, about her experience at Haas. Her first "MBA Reports" column came out last Monday evening. The focus of the column is a live report from female Japanese students currently enrolled in MBA programs at Haas, London Business School, and Columbia.

Hal Varian, professor in the Haas Manufacturing and Information Technology Group and dean of the School of Information Management and Systems, was quoted in the Wall Street Journal on January 22 on the potential chilling effect the slowing economy could have on the Internet.

Dean Laura Tyson was interviewed on CNN International on January 19 about how the Clinton era will be remembered. She stated that a big part of Clinton's legacy is creating a sound fiscal environment and a projected set of surpluses that Americans can now decide how to use.

Tyson was also quoted in the San Francisco Chronicle on January 19. In "High Tech Takes Power Crisis in Stride," Tyson stressed that a solution needs to be found to the current crisis because it could discourage growth in California.

Tyson's stance on the Bush tax cut was mentioned in the Washington Times on January 18 in an article titled, "Why Not Cut Our Taxes?"

David Levine, associate professor in the Economic Analysis and Policy Group and the Organizational Behavior Group, is quoted in "The Economic Value of Housework" posted on CBS Marketwatch on January 17. Levine discussed the value of tracking unpaid and non-market work. Read the article here.

Reuven Lehavy, assistant professor in the Accounting Group, was quoted by CBS Marketwatch on December 26, 2000. "Deconstructing EBITDA" was about how firms report cash flows.

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HAPPENING AT HAAS

 

SEMINARS

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The Haas NewsWire is the electronic news weekly for the Haas community published every Monday by the Marketing and Communications Office at the Haas School. Send your news, feedback, and suggestions to Haasnews@haas.berkeley.edu.

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