Haas NewsWire

Haas NewsWire, April 2, 2001

***Pick up your tickets for CEO Exchange from 12:30 to 2:00 any day this week in the Haas courtyard.***

#7 Ranking for Haas School is Best Ever in Latest US News Business School Survey
The Economy in Crisis: Five Haas Experts Comment on the State of the Economy
Classes Start Today for New Master's in Financial Engineering Degree at Haas
Sharing our Strengths: The Haas/Boalt Connection
Haas Advisory Board Convenes for Semi-Annual Meeting
Haas in the News
Happening at Haas

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The Haas School of Business was ranked the 7th best business school in the United States in the latest annual survey of American graduate schools by US News and World Report magazine. This is the best showing ever by the school in the history of the US News ranking, which was released Friday.

US News also ranked the Haas School's Evening MBA Program the 8th best in the country, unchanged from last year. The full-time MBA Program was number 10 in last year's ranking, up from 14th place the year before.

The rankings appear in the April 9 issue; copies are available on newsstands today. The rankings and related stories are also available on line at http://www.usnews.com/usnews/edu/beyond/bchome.htm.

"We are always pleased when a ranking reflects the reality we live every day, which is that the Haas School is a world-class institution, with faculty and students who are extraordinarily innovative and accomplished and, consequently, very much in demand by every type of major business and academic organization, everywhere on earth," said Jay Stowsky, associate dean for school affairs and initiatives.

Several specialty programs at Haas were also ranked among the top 10 nationwide in a part of the US News survey that is based on the opinions of deans and MBA Program heads. They include: finance (10th); general management (8th); entrepreneurship (10th); marketing (8th); quantitative analysis (8th); and nonprofit organizations (7th).

In addition, the Haas School's graduate program in health management was ranked the 7th best program in the country.

The full-time MBA program ranking is based on a weighted average of eight measures of academic quality that fall into three major categories: reputation (40 percent); placement success (35 percent); and student selectivity (25 percent).

The US News Top 10 Full-Time MBA Programs

  1. Stanford
  2. Harvard
  3. Northwestern/Kellogg
  4. Wharton
  5. MIT/Sloan
  6. Columbia
  7. Berkeley/Haas
  8. Duke/Fuqua
  9. Chicago
  10. Michigan

The US News Top 10 Part-Time MBA Programs
  1. NYU/Stern
  2. Chicago
  3. Northwestern/Kellogg
  4. DePaul
  5. Georgia State
  6. UCLA/Anderson
  7. Michigan
  8. Berkeley/Haas
  9. USC
  10. Babson

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The Haas School community will have the opportunity to hear Haas experts speak on the state of the economy. "The Economy in Crisis: A Panel Discussion with Haas School Experts," takes place Wednesday, April 4, from 2:00 p.m. to 3:30 p.m. in Arthur Andersen Auditorium. All Haas students, faculty, alumni, and staff are invited to attend.

The panel of speakers includes:



Dean Tyson also plans to address the issues surrounding graduating into a turbulent job market, including an assessment of various industry sectors. The session will be open to questions from the audience after opening remarks.

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For 49 students classes start today for the Master's in Financial Engineering (MFE), a new graduate degree program at the Haas School of Business. Of the 49 students, 6 are taking the program to earn a concurrent degree with the MBA program, combining the in-depth study of financial economics and the dynamics of markets with the general management education of the MBA program.

The class of 2002 is represented by an international group of highly educated scientists and professionals:



MFE candidates will train for positions as risk managers, investment bankers, asset managers, derivatives traders, and developers of specialized securities at the world's leading commercial and investment banks, insurance companies, and corporate and public treasury departments.

Founding sponsors include some of the world's top financial firms, namely AIG Inc., Barclays Global Investors, BARRA Inc., Gifford Fong Associates, Goldman Sachs & Co., First Union Bank, KMV LLC, MBIA Inc., Morgan Stanley Dean Witter, Quantal International Inc., The Dean Witter Foundation, and WR Hambrecht + Co., LLC. Sponsoring firms will be accepting interns from the programs.

"We're seeing tremendous interest among talented individuals coming from technical backgrounds, such as engineers, mathematicians, and scientists, who are in narrow jobs and are keen to transition to a brand new career where opportunities are abundant and continue to grow," says MFE Executive Director John O'Brien.

For more information on MFE, visit the web site at http://mfe.haas.berkeley.edu.

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This is the first in a continuing series of articles in Haas NewsWire chronicling the Haas School's interdisciplinary activities.

The Haas School has traditionally pursued interdisciplinary partnerships on the Berkeley campus. During her tenure as dean, Laura Tyson has made it her priority to increase Haas' partnerships in the areas of teaching, research, and public service with other disciplines. One of the most vibrant of these is with the Boalt School of Law.

"Haas faculty are well known for their path-breaking work on competitive strategy in the Internet age, and Boalt is recognized for having the strongest intellectual property law faculty in the country, particularly as regards IP questions arising in cyberspace," said Jay Stowsky, associate dean for school affairs and initiatives. "The collection, in one place, at the same time, of so many notable scholars in an area of rich intellectual ferment and intense public interest is an extraordinary intellectual opportunity. We intend to expand that opportunity through increased interaction between the two schools."

The area of business law doesn't fit easily into just a law school or a business school, but the interdisciplinary approach between the Haas School of Business and Boalt Hall School of Law fills this gap. From creating joint courses to hosting conferences, Haas and Boalt are shaping a dynamic partnership that will serve both schools in the future.

This partnership isn't new. Since 1968, Haas and Boalt have offered a joint JD/MBA degree to more than 138 UC Berkeley students (Haas also offers a JD/MBA with Hastings). In addition to the joint degree program, Haas and Boalt students are sharing classrooms when the topic calls for it.

Adjunct Professor Leo Helzel and Lecturer Noel Nellis have offered "Top Down Law" for six years to law and business students. Helzel describes the course as, "what a CEO needs to know to stay in business." The class brings in practicing lawyers and business people to lecture on their specialties. "Business students should be exposed to the broader legal framework in which companies operate," says Helzel. Helzel and Nellis have also organized two debates on the Microsoft antitrust case, bringing experts from both Haas and Boalt to take sides on the issue.

The Business and Public Policy group offered one course, "Law and Strategy of E-Commerce," in fall 2000 with Boalt. Pablo Spiller, the Joe Shoong Professor of International Business and Public Policy and the chair of the Business and Public Policy Group, taught the course along with Robert P. Merges, the Wilson Sonsini Goodrich & Rosati Distinguished Professor of Law and Technology and a director of the Berkeley Center for Law & Technology. In the fall 2001, Rui de Figueiredo, assistant professor in the Business and Public Policy Group, will teach "Deals" with Howard Shelanski, acting professor of law, to both business and law students.

The Management of Technology (MOT) Program is sponsoring two evening conferences at Haas this spring organized with Peter Menell, professor of law. The first on "Television-Internet Convergence" took place on March 14 in Arthur Andersen Auditorium. On April 18 the second annual Boalt Hall/MOT Conference on Digital Music takes place in the Arthur Andersen Auditorium beginning at 4:00 pm.

"Partnering with Boalt just makes so much sense when we're exploring issues of technology, business, and intellectual property," says Andrew Isaacs, the executive director of MOT. "The connections are there. Having BoaIt literally next door is a fantastic resource."

An academic conference, "Beyond Microsoft: Antitrust, Technology, and Intellectual Property" organized by Mark Lemley, professor of law and a director of the Berkeley Center for Law & Technology, took place at Haas and Boalt on March 2 and 3. Sponsored by the Institute of Management, Innovation, and Organization (IMIO) and the Institute of Business and Economics Research (IBER), the conference included a presentation by Carl Shapiro, the Transamerica Professor of Business Strategy and the director of IBER, and participation by Dean Tyson and Professor Michael Katz.

All of this hard work builds the base for long-term future collaborations, says Stowsky, "In addition to enhancing the traditional training of both managers and lawyers in the intricacies of business law, the increased collaboration positions UC Berkeley to become the leading center of academic research and policy analysis related to the economic, legal, social, and political impacts of the Internet."

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This Friday, Haas will host a group of high-level CEOs, presidents, chairs, and company founders as the members of the Haas Advisory Board gather for their semi-annual meeting. The 60 plus member board, which includes representatives from major companies in almost every field of business, brings knowledge of best business practices to the Haas planning process. The current chairman, Roger Siboni, BS 76, is president and CEO of E.piphany.

Since December 2000 Dean Laura Tyson has recruited five new members to the Advisory Board:



On the agenda: faculty research, possibilities for new degree programs, and the upcoming Tokyo Symposium.

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Correction--The Haas NewsWire mistakenly reported that Professor Michael Katz was the author of a letter to the editor published in the San Francisco Chronicle on December 29. This letter was from a different Michael Katz in Berkeley.

John O'Brien, executive director of the MFE program, was quoted in the April issue of Junge Karriere (a German magazine). The article was on the establishment of the MFE program.

Jenny Chatman, the Harold Furst Professor of Management Philosophy and Values, appeared in an article on how Californians secretly love blackouts. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/29/MN106888.DTL.

Ken Rosen, the California State Professor of Real Estate and Urban Economics and chairman of the Fisher Center for Real Estate, was quoted in "RUNAWAY Rental Market No More" in the San Francisco Chronicle on March 28. Rosen has released a new study of the rental market in the Bay Area predicting a decline in the cost of commercial space. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/28/BU152390.DTL. The same study was also the source for an article in the Chronicle on March 29, titled, "80% of S.F. Dot-Coms Seen in Danger." Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/29/BU80662.DTL&type=business.

Cynthia Kroll, a regional economist with the Fisher Center for Real Estate and Urban Economics was quoted in "PG&E Bills Set To Rise 40%" in The San Francisco Chronicle on March 27. She explained that declining consumer confidence, concerns about the economy, and rising utility prices could slow spending in California. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/27/MN127686.DTL.

Hal Varian, dean of the School of Information Management and Systems and a Haas professor, was quoted in the Canberra Times on March 26 on the need for information management as more information is generated and needs to be stored.

Varian also took gave an interview to BusinessWeek for the March 26 issue on the Internet and potentially successful business models. Read the full text at http://www.businessweek.com/magazine/content/01_13/b3725026.htm.

The Haas School was mentioned in a BusinessWeek article on March 26 about part-time MBA programs.

Laura Tyson's Economic Viewpoint column in the March 26 issue of BusinessWeek was about President Bush's tax cut plan.

David Vogel, the George Quist Professor of Business Ethics, was quoted in the Los Angeles Times on March 25 in an article titled, "Groups Gear Up to Battle Hemispheric Pact." Vogel commented that as free trade encourages economic growth in Latin America, environmental activism would follow.

Russ Winer, the J. Gary Shansby Professor of Marketing Strategy and the chair of the Marketing Group, was quoted on the use of census data by marketing firms in the San Francisco Chronicle on March 25. Read the full text of "Marketers See Treasure Trove In Census Data" http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/25/MN157059.DTL.

Dean Tyson was quoted in the New York Times on March 24 on the difficulties of finding a political solution to the California energy crisis. Read the full text of "California's Choices All Look Painful" at http://www.nytimes.com/2001/03/24/business/24POWE.html?searchpv=site02&pagewanted=print.

Ilse Evans was quoted in the Los Angeles Times on March 24 in the article "State's Economy Starting to Show Signs of Cracking."

Tyson was quoted in the Dallas Morning News on March 24. In the article, "Power Crisis Generates Concern," Tyson commented on the difficulty of negotiating a solution to California's energy crisis.

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was quoted in the Irish Times on March 23 on the Fed's rate cut.

Yellen was mentioned in a Wall Street Journal article on March 22 titled, "Great Expectations and Greenspan."

Yellen was quote on the front page of the Wall Street Journal in March 21 on the impact of the Fed rate cut.

David Levine was quoted in the San Francisco Chronicle on March 21 in an article titled, "Layoffs in Tech World Often Prove to be a Numbers Game." Levine commented that companies are not getting the expected short-term stock boost after they announce a downsizing.

Yellen was also quoted in the San Jose Mercury News on March 20 in an article titled, "Interest Rate Cut Likely Today." At that point, she was hoping for a three-quarters cut.

Yellen was also quoted in USA Today on March 21. In "Former Fed Official's Lips are Sealed," Yellen commented that it is inappropriate for former Fed officials to discuss monetary policy with the current officials.

Tyson was quoted in the China Daily on March 20 on the World Trade Organization.

Current Evening MBA student Deepika Shah was profiled in Business Week on March 15 in an article on the lives of students in part-time MBA programs.

Kroll was also quoted in the San Francisco Chronicle ton March 27 and appeared on KPIX news and KTVU Channel 2.

In the past two weeks, Severin Borenstein, appeared on NPR's "Talk of the Nation," KCBS Radio, KPIX TV news, KRON TV News, KGO Radio, KCRW (NPR in LA) on "Which Way LA", NPR Talk of the Nation, KRON news, NPR All Things Considered, KPFK Radio, and KGO Radio.

Borenstein was quoted in:
The Los Angeles Times on March 22 in "Energy Overcharge of $5.5 Billion Is Alleged"
BusinessWeek on March 26 in "How to do Deregulation Right"
The San Diego Union Tribune in "Expertise on Energy No Longer Academic."

Borenstein was also quoted in "Contracts Won't Meet Summer Demands" in the San Francisco Chronicle on the California energy crisis. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/22/MN230640.DTL.

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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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