Governor Davis Names Richard Blum, BS 58, MBA 59, to UC Board of Regents
New Logotypes for Haas/Berkeley and The Berkeley MBA Debut in Today's Haas Week
Taiwan's Acer Group CEO to Speak at Haas on March 22
Haas Comes Together to Discuss Enron: a Half-Day Conference
MFE Program Honors Founders, Faculty, and Students at Inaugural Commencement
Eight Haas MBAs Selected for Coveted Venture Capital Internships
New Issue of California Management Review Now Available
Haas Recognizes Excellence in Teaching Through Club 6
Haas in the News
Happening at Haas
Haas NewsWire Archive
Contact Haas NewsWire
GOVERNOR DAVIS NAMES RICHARD BLUM, BS 58, MBA 59, TO UC BOARD OF REGENTS
Governor Gray Davis announced the appointment of Haas alumnus and advisory board member Richard (Dick) Blum, BS 58, MBA 59, as a member of the Regents of the University of California on March 12. The regents, a 26-member board, govern the UC system.
A long-time supporter of the UC Berkeley, Haas School of Business, Blum was the recipient of the school's Alumnus of the Year Award in 1994, and continues to serve as a member of the Advisory Board of the Haas School. He also received the Distinguished Service Award from the International Institute for Education in 1995.
Blum is the chairman of Blum Capital Partners, L.P., and co-chairman of Newbridge Capital, LLC. He began his career with Sutro & Co. in 1958 and was a senior managing partner at the time of his resignation in 1975. Blum Capital and Newbridge Capital manage nearly $5 billion for investment in companies in the US, Asia, and Latin America.
Blum serves as a director on a number of boards, including Korea First Bank, CB Richard Ellis, Northwest Airlines, and Glenborough Realty Trust, Inc. He also serves as co-chairman of the World Conference on Religion and Peace and as founder and chairman of the American Himalayan Foundation (AHF). Among its many projects, AHF provides vital healthcare and educational, environmental, and social services throughout the Himalayan region. Blum is a trustee and member of the executive committee of The Carter Center, founded by former President Jimmy Carter. The Carter Center is primarily involved in conflict resolution, delivering health care, and promoting democratic institutions and election monitoring globally. Blum's appointment is through March 1, 2014.
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NEW LOGOTYPES FOR HAAS/BERKELEY AND THE BERKELEY MBA DEBUT IN TODAY'S HAAS WEEK
Today's edition of HaasWeek (March 18) features three articles on the rollout of the Berkeley MBA brand and the Haas School of Business logotype.
The Berkeley MBA brand made its debut in the full-time MBA Program marketing collateral (print and websites) last fall, and has been appearing in advertising for the new Evening & Weekend MBA Program at Haas. The new Haas/Berkeley logotype premiered at the end of 2001 in several school brochures and websites.
The articles in HaasWeek each cover a different aspect of the school's branding initiatives. Dean Benjamin E. Hermalin discusses the importance and value of the Haas name, while Chip Hall, MBA Association vice president of Communications, covers the repositioning and "becoming evangelists for your own cause." Richard Kurovsky, executive director for Marketing and Communications, provides a FAQ on all aspects of the Berkeley MBA and the new school logo.
Read Hermalin's article at http://haas.berkeley.edu/news/bhhaasbrand.html. Kurovsky's article can be found here: http://haas.berkeley.edu/news/haasbrand.html.
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TAIWAN'S ACER GROUP CEO TO SPEAK AT HAAS ON MARCH 22
Stan Shih, chairman, CEO, and co-founder of the Acer Group, Asia's premier PC maker and one of the world's top ten manufacturers, will speak on "The Future of Innovations in Asia" on Friday, March 22, in the Arthur Andersen Auditorium from 11:30 a.m. to 12:30 p.m.
Shih is the inaugural speaker in the Chang-Lin Tien Distinguished Fellow Lecture Series. The Chang-Lin Tien Distinguished Fellowship was created to honor the former chancellor of UC Berkeley and NEC Distinguished Professor of Engineering, and to strengthen understanding between Asia and the US by bringing key leaders in business, government, and academia from Asia to foster dialogue that will further US-Asia relations.
Described as a pioneer & innovator and founder of Taiwan's first high-tech brand, Shih is one of Asia's top entrepreneurs and high-technology leaders. He has based Acer's corporate culture on four major pillars: human nature is basically good; the customer is No. 1; use knowledge to work for the company; and practice pragmatism and accountability at all times.
Shih has been called "one of Taiwan's most influential businessmen" by Singapore's Business Times. In 1999, the Academy of International Business named him International Business Executive of the Year.
The Asia Foundation, the College of Engineering, and the Haas School sponsor the event. It is free and open to the public. For more information contact Richard Beer at firstname.lastname@example.org.
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HAAS COMES TOGETHER TO DISCUSS ENRON: A HALF-DAY CONFERENCE
"The Enron Debacle: What Happened and What's Next?" will be the focus of a half-day conference presented by the Haas School's Center for Financial Reporting and Management (CFRM) on Tuesday, April 2. The event is free and open to the public, but reservations are required due to limited seating. The conference will take place at the Joseph Wood Krutch Theatre at the Clark Kerr Conference Center from 9:00 a.m. to 12:00 p.m.
Panelists from academia and the private sector will sort through complicated off-balance sheet items, special purpose entities, and the like to clearly explain the accounting issues at Enron and their implications for investors. Speakers will also address the impact of Enron's business practices on the accounting profession, security analysts, and the structure of pension plans.
"In the wake of the Enron debacle, it has become increasingly clear that investors should not take financial statements at face value," said Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting and director of the Center for Financial Reporting and Management. Trueman is the lead organizer of the conference.
Keynote speaker Bala Dharan, the J. Howard Creekmore Professor of Management at the Jones Graduate School of Management at Rice University, will share his extensive research surrounding the Enron collapse. Dharan has shared his findings with members of a congressional committee investigating Enron.
Dharan recently told National Public Radio that Enron's corporate culture helped shape their precarious business model, which was built on the idea that almost anything--energy, fiber optics base, even weather--could be managed and traded for a profit. Said Dharan, "Enron's culture, essentially, is to go out and do deals. And that culture was what one could call a cowboy culture, part of a wild west go-out-and-do something, and so that culture was really reflected throughout the company."
Event parking is limited and is available for $8.00 at the Clark Kerr southwest parking lot. (Directions: http://www.housing.berkeley.edu/conference). Please RSVP by March 27, by phone 510-642-6334, fax 510-643-7218, or e-mail email@example.com.
For more information, please visit www.haas.berkeley.edu/accounting.
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MFE PROGRAM HONORS FOUNDERS, FACULTY, AND STUDENTS AT INAUGURAL COMMENCEMENT
The Haas School conferred masters' degrees to the first graduating class of financial engineering students last Saturday. In addition to celebrating the 45 newly minted alumni of the Master's of Financial Engineering Program, honors and awards were given to the many people who played a part in building this innovative program and making its first year such a success.
Benjamin Meng, president of the Financial Engineering Student Association, presented the Earl F. Cheit Outstanding Teaching Award to Professor Francis Longstaff from UCLA. John O'Brien, executive director of the MFE program, awarded certificates of thanks to founding sponsor Gifford Fong, BS 67, MBA 69, and supporter Scott Pinkus, recently retired from Goldman Sachs, for their dedication to the program.
David Pyle, the Willis H. Booth Professor Emeritus of Banking and Finance, presented the inaugural David Pyle Award for the Most Outstanding Applied Finance Paper to Hua (Henry) Wan. MFE faculty established the David Pyle Award to express their thanks for Pyle's vision and leadership in creating the MFE program. In his remarks, Pyle credited former dean Laura Tyson for her vision and courage to support the launch of the program, and Marybeth Schubert, assistant dean for special projects, for being key to making it all happen.
The one-year Haas School MFE Program, launched in 2001, prepares its graduates for a growing niche of quantitative finance careers. Its leading-edge curriculum balances teaching the latest financial theory with practical applications of financial modeling concepts. A new class of 60 students will begin studies in April.
For more information on the program, please visit http://mfe.haas.berkeley.edu/.
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EIGHT HAAS MBAS SELECTED FOR COVETED VENTURE CAPITAL INTERNSHIPS
After considering more than 40 applicants, the Lester Center for Entrepreneurship and Innovation at the Haas School selected eight MBA students for the 2002 Venture Capital Fellowships. These fellows will participate in the Lester Center's venture capital summer internship program with leading area venture capitalists.
The objective of this program is to create paths for success in venture capital for Haas MBA students. The internship provides the fellows with hands-on experience working with a leading venture capital firm under the mentorship of a venture capitalist. This year's fellows are Manpreet Anand, Karin Geldfeld, Jason Gursky, Andrew Lau, Michael Lodoen, Jay Patil, Gerrit Van Roekel, and Jean Wang.
Now in its sixth year, the program has successfully placed past students in firms such as Morgan Stanley Venture Partners, US Venture Partners, Sevin Rosen Funds, Hummer Winblad, and Institutional Venture Partners. A number of these internships have led to permanent placements.
The fellow selection process was highly competitive with more than five qualified applicants for each of the eight fellowships. The selection process is based on a written application for the first round and, for the 16 finalists, personal interviews with experienced venture capitalists. The Lester Center awards each recipient a $1,000 fellowship funded by the Price Institute for Entrepreneurial Studies. Participating firms who agree to host an intern are asked to provide a monthly salary of approximately $5,000.
For more information on the program or to find out more about hosting a Lester Center Venture Capital Fellow, please contact Patti McCloskey at 510-643-4592 or firstname.lastname@example.org.
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NEW ISSUE OF CALIFORNIA MANAGEMENT REVIEW NOW AVAILABLE
The just-published winter 2002 issue of the California Management Review (CMR) is now available. CMR is geared towards both practitioners and academics and publishes articles that are research-based and address issues of current concern to managers. The current issue focuses on three areas: strategy & organization, human resources, and business & society. For a preview of the issue, please visit http://www.haas.berkeley.edu/news/cmr.
The California Management Review is available to Haas students on a complimentary basis while they are at Haas. For all Haas students, copies are available in the lounges and program offices. For alumni, send an e-mail to email@example.com to request a complimentary issue.
Alumni can continue to receive CMR after graduation by subscribing at the special alumni rate of only $35 (45% off the regular rate). The international alumni rate is only $50 (a savings of $55). To subscribe, send e-mail to firstname.lastname@example.org with current address information. CMR will send the subscription invoice with the next issue.
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HAAS RECOGNIZES EXCELLENCE IN TEACHING THROUGH CLUB 6
Andy Shogan, associate dean for instruction, announced the names of the faculty members who made what's known at Haas as "Club 6" earlier this month. Club 6 membership requires a median student evaluation rating of at least 6 on a scale of 1 to 7. In addition, 13 professors and instructors received a perfect score of 7. They are listed here (with their respective courses):
Dan Ariely, Seminar in Consumer Behavior, 269A
Severin Borenstein, Economic Analysis for Business Decisions, 201A
Stephen Chamberlin, Use & Development of Land, 282
Caroline Cole, Intro to Principles of Professional Communication, C196W
Gregory Duffee, Financial Institutions & Markets, 232, and Doctoral Seminar in Finance: Empirical Topics, 238C
Hayne Leland, Corporate Finance 234
Jack Phillips, Business Communications, 100
Mark Seasholes, Financial Management, 130, and Intro to Finance, 203
Howard Shelanski, Deals, 278 and E278
Paul Tiffany, Competitive & Corporate Strategy, 299B
Brett Trueman, Corporate Financial Reporting, E220
Jim Wilcox, Economic Analysis for Busines Decisions II, E201B
Peter Wilton, Marketing, E206
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David Mowery to Chair Graduate Council in Fall 2002
David Mowery, the Milton W. Terrill Professor of Business and director of the Haas School Ph.D. Program, has been appointed chairman of the Graduate Council beginning in fall, 2002. The Graduate Council is a committee of the UC Berkeley's faculty senate that handles graduate division matters. "This is an important appointment for David and the Haas School," says Jonathan Leonard, associate dean for academic affairs. "I am sure that David' s leadership of the Graduate Council will reflect well on the contributions Haas faculty can make to the broader campus."
Paul Gertler Publishes in Three Academic Journals Simultaneously
Three articles by Paul Gertler, professor and faculty director of the Graduate Program in Health Services Management at Haas, have recently been accepted for publication in the Lancet, the American Economic Review, and the Journal of Political Economy, where Gertler's piece will appear as the lead article. "Paul's accomplishment reflects not only the broad appeal of his research, but also its academic rigor," says Jonathan Leonard, associate dean for academic affairs.
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HAAS IN THE NEWS
Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting and chair of the Haas Accounting Group, was quoted in the San Francisco Chronicle on March 15 in an article titled "US Issues Blistering Andersen Indictment." Trueman said that companies are not going to want to do business with a company that is under criminal investigation.
Reuven Lehavy, assistant professor in the Haas Accounting Group, was quoted in the San Francisco Chronicle on March 15 in the article, "Numbers Crunch: Andersen Fallout Spreads Across Financial World." Lehavy said that if companies choose to change accounting firms, the learning curve could be an issue.
Trueman was on the BBC World Service radio on March 14 commenting on the Andersen indictment.
Trueman was also on Channel 2 news on March 14, discussing the indictment against Andersen.
Hal Varian, dean of the School of Information Management and Systems and professor at Haas, wrote an article titled "Enron is Worst-Case Example of Need for Clearer Accounting Rules" in The New York Times on March 14. Varian stressed that the "genius of capitalism" depends critically on having clear rules and transparent reporting.
Trueman was on Channel 4 news on March 10, where he was interviewed by Phil Menteer about Bush's speech, in which he made proposals about reforming accounting and making top company officials more responsible for debacles like that of Enron.
David Levine, an associate professor in the Economic Analysis and Policy Group and Organizational Behavior and Industrial Relations Group, was quoted in the Chicago Tribune on March 10 in an article titled "Bay Area Leader in Income, Costs." Levine stated that the Bureau of Labor Statistics report should be viewed from the standpoint of what it says about area wages, namely that the Bay Area is a high-earning place.
Raymond Miles, professor emeritus and former dean, was quoted in the Austin American-Statesman on March 10 in an article titled "HP Merger Battle Pitting Old Guard vs. New School." Miles said that this is the sort of contentiousness you usually see with hostile takeovers or mergers that appear not to have strong backing within both organizations.
Trueman was on Channel 7 news on March 8, discussing KMart, in the wake of its store closings.
Jennifer Chatman, the Harold Furst Professor of Management Philosophy and Values, was quoted in the San Jose Mercury News on February 10 in an article titled, "Collision of Cultures: The HP-Compaq Battle High Tech Merger Fight Shows that Changing Companies Self-Images Can Kick up a Storm." Chatman said that sometimes culture is reinforced by ritualized humiliation, referring to CompUSA's culture of emphasizing sales, sales, sales.
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HAPPENING AT HAAS