Haas NewsWire

Haas NewsWire, May 20, 2002

***This is the last weekly issue of Haas NewsWire for the semester. The monthly version of Haas NewsWire will appear on June 10, July 15, and August 19. Please submit events and notices for the summer issues one week prior to publication. Weekly publication will resume with the August 26 issue.**

650 Haas School Students to Receive Degrees in Four Programs on Sunday
UC Berkeley Teams Repeat Wins in Two Real Estate Challenges
Costantinidis and Scott Recognized for Excellence in Management
Make the Haas Alumni Network Part of Your Summer Via Welcome Parties
Haas Undergraduates Advance to National Advertising Competition
Faculty News
Haas in the News
Happening at Haas

Haas NewsWire Archive
Contact Haas NewsWire



The Haas School awards undergraduate and graduate degrees to 650 students at Commencement on Sunday, May 26, at 9:00 a.m. at the Greek Theatre.

The graduating class of 2002 is made up of 275 undergraduate students, 252 full-time MBA students, 114 Evening & Weekend MBA students, and 9 doctoral candidates. They will join a network of approximately 30,000 Haas School alumni worldwide.

Interim Dean Benjamin Hermalin will preside at Commencement. The student speakers will be Colm P. Lysaght (EWMBA), Eric Meyerson (MBA), and Joanna Yu-Ching Lu (undergraduate). The alumni speaker is Nick Sturiale, MBA 00, a partner at the venture capital firm Sevin Rosen Funds.

Thomas M. Siebel, chairman and CEO of Siebel Systems, will deliver the commencement address. Siebel founded Siebel Systems in 1993 after spending his early career at Oracle and Cayenne Systems. Siebel Systems is one of the top employers of Haas MBAs this year.

A reception will follow the ceremony at the campanile esplanade at 11:30 a.m. Graduates are admitted free and receive two free tickets for friends and family. They may pick up additional tickets ($5 each) in their respective program offices before Friday, May 24, or at the door for the event. Children under 5 are admitted free.

Stay connected with the Haas School through the Haas Alumni Network. Visit http://www.haas.berkeley.edu/alumni/newgrads/index.html to learn more.

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Two interdisciplinary teams of UC Berkeley graduate students, including Haas MBA students, won both the National Association of Industrial and Office Properties (NAIOP) Challenge and the Bank of America Low-Income Housing Challenge late last week. Berkeley teams also won both competitions last year.

Bank of America Low-Income Housing Challenge

A multidisciplinary team of UC Berkeley students (including two MBA students) won the Bank of America Low-Income Housing Challenge, a competition among four west coast graduate schools (Berkeley, Stanford, Cal Poly, and UC Davis) on May 17. Each team had to identify a viable site, gain community support, and then design, finance, and market an affordable housing project. A panel of real estate professionals judged the projects.

The team members for the Bank of America challenge are Sean Charpentier, Master's of City Planning; Krisztina Tokes, Master's of City Planning; Steven Shum, Master's of City Planning; Wade Vorley, Master's of Architecture; Steve Wolmark, Haas MBA 03; and JC Wallace, Haas MBA 03.

Berkeley's team proposed a project at St. Paulus Courts, a site located in San Francisco between the Western Addition and Cathedral Hill areas. They proposed 138 units of senior and family housing for very low- and extremely low-income residents, divided in two sections with 91 units of senior housing and 47 units of family housing.

"What put us over the top with the judges was that we took on a very challenging project given the two types of residents," said Wallace. "Legally we had to divide the project in half, and basically we did two separate projects, but then created a unified community. Also, we really went the extra mile in getting commitments and letters of intent from most of the financing sources and community services agencies. We also spoke with the city and took into account all the zoning. We had this concept for the development, but we weren't working in a vacuum."

NAIOP Real Estate Development Challenge

The UC Berkeley team retains ownership of the coveted "golden shovel" for a third year after winning the NAIOP Real Estate Development Challenge on Wednesday, May 15. The NAIOP competition, sponsored by the San Francisco Bay Area chapter of the National Association of Industrial and Office Properties, is a challenge between graduate students at UC Berkeley and Stanford.

This year's challenge: Propose a project for a six-acre parcel on Pedro Point in Pacifica. The two teams of five students proposed what they considered to be the best use, design, financing, and marketing of a commercial real estate project on this site. The UC Berkeley team proposed a 37-home high-end residential development with a one-acre public park and coastal access.

UC Berkeley's 2002 NAIOP team included Cliff Dowd, Haas MBA 03; Greg Henderson, Master's in Architecture; Ken Lee, Haas MBA 03; Steve Murphy, Master's in City Planning; and Doug Giffin, Haas MBA 02.

The challenge made the process of real estate development real for team member Doug Giffin. "We are taught bits and pieces of what development means in the classroom, but it is impossible to know how to bring it all together without creating your first development plan," says Giffin. "As a team, we drew on each other's backgrounds and consulted with a wide range of real estate professionals to create our plan and to begin building the relationships that development is founded on."

The new record, now that UC Berkeley won the 13th Annual Cal-Stanford NAIOP Real Estate Challenge, is UC Berkeley - 8, Stanford - 5.

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Two of Haas' finest staff members, Teresa Costantinidis, assistant dean for budget and personnel, and Abby Scott, director of career services, will receive Excellence in Management Awards from the Berkeley Staff Assembly on May 23. To be considered for this special award, managers must be nominated by their reporting staff. The theme for this year's awards was "Leadership in Challenging Times."

Scott's staff nominated her for bringing together three department constituencies (career advisors, account managers, and operations staff) into a cohesive team; creating an environment that motivates team members to be productive and innovative; and delegating leadership amongst the staff.

"Abby is a strong role model for her staff by being professional, even-tempered, helpful, positive, accountable, creative, and focused on solving problems and issues," says Rich Wong, account manager in Haas Career Services. "She is an exceptionally hard worker and is committed to the school and the work team."

Costantinidis was praised in her nomination for demonstrating even-handedness, great goodwill, a cheerful demeanor, and an adherence to very high standards of performance; proactively supporting staff development; and being a consummate professional -- smart, knowledgeable, capable, efficient, effective, and caring.

"Teresa empowers her staff, not only through the emphasis she places on individual training, skills, and competence, but also through her willingness to share her time and experience," says Zoe Scheffy, manager of accounting and personnel services.

The 2001-2002 Excellence in Management Awards ceremony is Thursday, May 23, at noon in the International House auditorium. The event is free and open to the campus community.

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Haas alumni, recent graduates, current MBA students, and newly admitted MBA students are invited to the Haas School's Welcome Parties, which are being held around the world this summer. These parties bring together current and future members of the Haas Alumni Network and are a great way to introduce newly admitted students to the world of Haas and to network with fellow alumni.

This year, groups of current MBA students participating in the International Business Development program in Asia will also attend the Welcome Parties. Alumni and current students whose business or personal travel takes them near a Welcome Party venue, please join the festivities.

Welcome Parties are scheduled in the following cities:

Singapore (June 9)
Seoul, Korea (June 15)
Tokyo, Japan (June 14)
London, England (late June)
Beijing, China (TBD)
Shanghai, China (TBD)
Buenos Aires, Argentina (July 2)
Sao Paolo, Brazil (TBD)
Santiago, Chile (TBD)
Mexico City, Mexico (TBD)

San Diego (May 30)
Washington, DC (June 4)
Boston, MA (June 25)
Los Angeles (TBD)
New York City (TBD)

Bay Area
East Bay (June 6)
South Bay (June 13)
San Francisco (June 20)

Please check out the Haas Alumni Network website calendar for the latest listing of Welcome Party dates and locations around the world at www.haas.berkeley.edu/alumni. Please RSVP directly to the alumni contact listed on the web site at least 7 days prior to the event. For additional information, contact the Alumni Relations Office at 510-642-7790 or alumni@haas.berkeley.edu.

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A team of UC Berkeley undergraduates will travel to Miami, Florida, in early June to compete in the American Advertising Federation's National Student Advertising Competition. For the second year running, the Cal team, ImagiCal, won the regional competition that qualified it for the nationals.

On April 19, ImagiCal, a Haas-sponsored organization, participated in regional rounds of the competition, winning the district. ImagiCal, a student-run team consisting of undergraduates from Haas and other disciplines, will compete in the national round to be held on June 6, 2002, in Miami.

Haas undergraduates figured prominently in the team's success, holding key positions throughout the yearlong competition. Marcin Marczak, a business administration and economics double-major, and Yue Xu, a business administration and sociology double-major, were members of the presentation team. Amelia Santoso, a graduating Haas undergraduate, led the technology group as IT/Web design coordinator. Other winning teams at the April 19 regional competition included the University of Nevada, Reno, (second) and the Academy of Art (third).

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Andrew Rose, the Bernard T. Rocca Jr. Professor of International Trade, has managed a rare feat: he has published two articles in the same issue of the Quarterly Journal of Economics. The articles appear in the May 2002 issue. The citations are listed below.

Mark Rubinstein, the Paul Stephens Professor of Applied Investment Analysis in the Haas Finance Group, was awarded the 2002 Graham and Dodd Award for excellence in financial writing for his article in the May/June 2001 issue of the Financial Analysts Journal entitled, "Rational Markets: Yes or No? The Affirmative Case."

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Severin Borenstein, the E.T. Grether Professor in Public Policy at Haas and Director of the University of California Energy Institute, was quoted in The San Francisco Chronicle on May 15 in the article titled "'Death Star' memos - more fizzle than sizzle? Energy experts doubt they point to guilt." Borenstein said that the memos provide "not much news at all for ratepayers or taxpayers," because the big money was simply sellers exercising market power.

Borenstein was also quoted in the Contra Costa Times on May 15 in an article titled "Gasoline price falls a few cents a gallon." He said that we are probably about at the prices we are going to see throughout the summer, barring a major move in the price of oil or refinery disruption.

Borenstein was interviewed by several television and radio shows.
NPR's Talk of the Nation on May 14 during a show on electricity deregulation,
KCBS radio on May 15 on Enron and California electricity crisis, and
KRON TV 6:00 p.m. news on May 15 on Enron market manipulation.

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was quoted on inflation policy in both Reuters English News Service and Reuters French News Service on May 12 in articles titled "Inflation Targets in Focus, if Not in Vogue, in US" and "Le Débat sur la Fixation d'objectifs d'inflation Relancé," respectively.

Carl Shapiro, the Transamerica Professor of Business Strategy and director of the Institute of Business and Economics Research (IBER), was quoted in the Washington Post on May 11 in the article titled "Microsoft Lawyers Rest Their Case."

Bloomberg News ran an article titled "Campbell Chosen as Dean of Berkeley's Business School" on May 9, 2002.

Palo Alto Daily News covered Tom Campbell's appointment in a front page article titled "Campbell picked for Berkeley business dean" on May 9, 2002.

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Friday, June 7
7:00 p.m. to 11:00 p.m.
The event will be held in the reserved upper floor of Kelly's Mission Rock in San Francisco. Tickets are $10 per person. For questions, please email best@haas.berkeley.edu.

Alumni Events

San Diego Chapter Bottom of the Month Mixer
Thursday, May 30
5:30 to 8:00 p.m.
Rock Bottom Brewery, 8980 Villa La Jolla Drive
Join Haas alumni and friends at the San Diego Chapter's May Bottom of the Month no-host mixer.
No RSVP necessary.
For more information, contact Bill Beeson, BS 56, wbeeson997@aol.com.

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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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