Haas NewsWire

Haas NewsWire, June 10, 2002

Haas School Welcomes the Inaugural Class in the Berkeley-Columbia Executive MBA    Program
Intel President to Speak at This Year's Business Forecast Luncheon
Engel Honored For Bringing Entrepreneurship to Academe
Two Haas School Professors Rank in Accenture's Top 50 Living Business Intellectuals
Haas in the News
Happening at Haas

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The much-anticipated Berkeley-Columbia Executive MBA Program started at Haas last week with the arrival of 62 executives ready to launch this new program, a joint venture of the Haas School of Business and the Columbia Business School. After two days of orientation and special welcoming events, the inaugural class began instruction Thursday.

The Berkeley-Columbia program blends the best of Columbia and Berkeley: Wall Street and Silicon Valley; East and West; New York and California. The program is structured so that half of the courses will be taught by Berkeley faculty, and the other half by Columbia faculty. Each of the five semesters in the 19-month program consists of five long weekends (Thursday through Saturday), with four of the five sessions at Haas and one at Columbia. The first class of students will graduate in December 2003.

The executives who have enrolled in the program bring an average of 12 years of work experience with them and represent 60 companies. Forty-two percent of the class members have the title of president, CEO, vice president, or CFO of their firm. Approximately 35% of the class comes from high-tech companies, with consulting firms and finance companies making up another 17% and 15% respectively. Women account for over one quarter of the class.

Over the summer and fall terms, five Haas professors are teaching in the program.

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Paul Otellini, MBA 74, president and COO of Intel, will give the keynote address at this year's sold-out Business Forecast Luncheon. Otellini will address the topic "Computing and Communications: Driving Convergence."

The event, which is hosted by the Haas Alumni Network, takes place on Friday, June 14, from 11:30 a.m. to 1:30 p.m. at the World Trade Club in San Francisco.

At Intel, Otellini oversees internal operations, focusing on the development and delivery of new products and technologies, and managing the efficiency and productivity of the company's business. He serves in a two-person executive office along with Craig Barrett, who has been Intel's CEO since 1998. Media reports have speculated that Otellini is in line to be tapped as Intel's next CEO. A native San Franciscan, Otellini received his BA in Economics from the University of San Francisco in 1972, and his MBA from the Haas School at UC Berkeley in 1974.

Each year, the Haas Alumni Network brings high-level speakers to this exclusive luncheon to share innovations in their field with other Haas alumni. In 2001, financier F. Warren Hellman, BA 55, discussed restructuring of the NASDAQ and in 2000, Arun Sarin, MBA 78, CEO of Accel-KKR Telecom, spoke on telecom and Internet transitions.

Please contact the Alumni Relations Office at 510-642-7790 or alumni@haas.berkeley.edu for further questions. For more details about the event, please visit their website at: http://www.haas.berkeley.edu/alumni

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Jerry Engel, executive director of the Lester Center for Entrepreneurship & Innovation and adjunct professor at the Haas School, was honored with the 2002 Edwin M. and Gloria W. Appel Prize by the Price-Babson College Fellows Program.

This prize is presented to academics who bring "entrepreneurial vitality to academe in the true spirit of the Price-Babson College Fellows Program," according to the prize announcement. The prize was created in 1987 to honor the late Edwin Appel, the founding president of the Price Institute for Entrepreneurial Studies, and his late wife, Gloria W. Appel, past president of the institute.

"Jerry has been instrumental to entrepreneurship education at Haas," says Benjamin E. Hermalin, interim dean. "I am delighted to see him recognized for his achievements."

Engel joined the Haas School in 1991 to found the Lester Center. Before he joined the Haas School, he was Ernst & Young's managing partner for entrepreneurial services and a founding partner of the Kline Hawkes California venture capital fund. He is the founder of AllBusiness.com, which sold in 2000 to NBCi.

As the executive director of the Lester Center, Engel oversees most of the entrepreneurial initiatives at the Haas School. These include the UC Berkeley Business Plan Competition, the National Social Venture Competition, the UC Berkeley Entrepreneurs Forum, the Student Entrepreneurs Association, and the Berkeley Business Incubator. He has recently taught Entrepreneurship, New Venture Finance, and a new course, Venture Capital and Private Equity, in the Haas MBA program.

Mark P. Rice, the Murata Dean of the F. W. Olin Graduate School of Business at Babson College and the Jeffry A. Timmons Professor of Entrepreneurial Studies, also received the prize this year.

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Professors Hal Varian, a professor at the Haas School and dean of the School for Information Management and Systems, and David Teece, the Mitsubishi Bank Professor of International Business and Finance, are among the outstanding fifty top living business intellectuals of our time, according to the latest Accenture Institute for Strategic Change study. In late May, the institute named 50 distinguished business thinkers based on their influence and writings on business management topics.

Varian, number 9 on the list, and Teece, number 49 on the list, are in good company. Their Top 50 counterparts include Michael Dell (47) of Dell Computers, Bill Gates (19) of Microsoft, Stephen Covey (18), author of "The Seven Habits of Highly Successful People," and 1992 Nobel Prize winner in Economics Gary Becker (6). Michael Porter, strategy expert at Harvard University and author of "Competitive Strategy: Techniques for Analyzing Industries and Competitors," tops the list at #1.

The criteria for the ranking included web hits using the Google search engine, media mentions found using the three Lexis/Nexis databases from April 1997 to April 2002, and scholarly citations found in the Science Citation and Social Sciences Citation indices during 1997-2002. Accenture's Institute for Strategic Change was founded in 1996 and is based in Cambridge, Massachusetts.

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Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, was quoted in the June 10 issue of Fortune Magazine in an article titled, "Is Energy Trading a Big Scam?" Borenstein explained how energy traders can manipulate the market through "wash trades," which are used to create the false impression of a price increase. Read the full article here.

Hal Varian, dean of the School of Information Management and Systems and a Haas professor, wrote an Economic Scene column for the June 6 issue of the New York Times titled, "Productivity and Profitability: An Odd Couple in an Odd Recession."

Borenstein was quoted in the Globe and Mail on June 5, in an article titled, "Power Outage: OK Energy Corral Gives Harsh Lessons to US Regulators." Borenstein commented that the California energy crisis and the Enron market manipulation will slow the pace of deregulation in the US.

Terrance Odean, assistant professor in the Finance group, was quoted in the Detroit Free Press on June 3 in a column by Susan Tompor. Odean commented on the risk investors face when a company's leadership leaves and takes a good deal of the company's value with them.

Dean-select Tom Campbell wrote an opinion piece for the San Francisco Chronicle titled, "Once We had Professionals" on the diminishing concept of the professional and the need for professional standards to be maintained in business fields. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/03/ED237392.DTL.

Ken Rosen, the California State Professor of Real Estate and Urban Economics and chairman of the Fisher Center for Real Estate and Urban Economics, was quoted in the San Francisco Chronicle on June 1 in an article titled, "Bay Area Foreclosures Jump 38%." Rosen commented that the employment picture in the region was not very good and many homeowners had overextended themselves to purchase homes in the area." Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/06/01/BU122199.DTL.

Stephen Shortell, who holds a joint appointment with the Haas School and the School of Public Health, has been named dean of the School of Public Health. The Oakland Tribune reported on Shortell's appointment on June 3. Read the full text at http://www.oaklandtribune.com/cda/article/print/0,1674,82%257E1865%257E649672,0.html.

Tom Campbell's appointment as dean of the Haas School was mentioned in the San Francisco Chronicle on May 31 in a column titled, "Mineta Talks About SFO, Transit Plans." Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/05/31/PN77379.DTL.

Jett Pihakis, director of domestic admissions for the MBA Program, was quoted on BusinessWeek Online on May 30 in an article titled, "Playing the Wait-List Game." Pihakis explained how the wait-list system at business schools works and how this results in spaces opening up at some schools later in the process.

An article on Tom Campbell's appointment as dean of the Haas School appeared in the San Jose Mercury News on May 30 titled, "Campbell Still has Everyone Guessing: Politician-Academic Plays Both Fields." Read the full text at http://www.bayarea.com/mld/mercurynews/news/3364477.htm.

Borenstein was quoted in the Wall Street Journal on May 29 in an article titled, "Energy Traders: Worst is Over?" Borenstein commented that corporate boards are taking a more active approach to corporate governance in light of the Enron scandal and are more willing to go public about potential problems.

Kenneth Rosen was quoted in The New York Times on May 29 in an article titled, "Bay Area Real Estate Prices Too Hot for Some to Touch." Rosen commented that prices are so far out of line with incomes that people are taking loans that require them to spend 40 to 50% of their income on their mortgage.

Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting and director of theCenter for Financial Reporting and Management, was quoted in the Wall Street Journal on May 29 in an article titled, "Called to Account: Xerox Names Retired Executive." Trueman commented Xerox might want to explain the changes in their accounting practices that will address investor concerns.

Interim Dean Ben Hermalin was quoted in the Dallas Morning News on May 29 in an article titled, "Enron Meter is Running: Manpower Costs Mount as Investigations into Collapse Continue." Hermalin commented that compared to the total cost of restructuring Enron, the legal fees don't amount to much.

Borenstein was quoted in Power Markets Week on May 27 in an article titled, "Those Blaming California Crisis on Traders Should 'Look in the Mirror' PIRA Says." Borenstein commented that the California energy crisis was not caused by traders manipulating the energy markets.

Ken Rosen was quoted in the San Francisco Chronicle on May 26 in an article titled, "Expanding or Ready to Bust?" Rosen explained that home prices are rising for several reasons: buyers would rather put money in real estate than the stock market, pent-up demand, and interest rates are low.

The UC Berkeley team, which won the Bank of America Low-Income Housing Challenge, was profiled in the San Francisco Chronicle on May 26 in an article titled, "Students Envision Housing at Former Church." Team member Steven Wolmark, MBA 03, was quoted on the plan. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/05/26/RE167870.DTL".

Abby Scott, director of Career Services, was quoted in the Oakland Tribune on May 26 in an article titled "Degree of Uncertainty: MBA Graduates No Longer Guaranteed Prime Employment Opportunities."

Christine Rosen, associate professor in the Business and Public Policy Group, was quoted in the San Francisco Chronicle on May 24 in an article titled, "Taiwan Workers Plead Cancer Case. Rosen commented on the unfortunate costs of globalization. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/05/24/BU155111.DTL.

An article on Campbell's appointment as dean of the Haas School appeared in the San Francisco Chronicle on May 23. In "Campbell Seizes the Time," Campbell explained some of his ideas about the future of business and business education. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2002/05/23/BA243186.DTL.

Borenstein was quoted in the San Diego Union Tribune on May 22 in an article titled, "Power Sellers Ordered to Tell of Sham Trades."

Odean appeared on the CNBC Nightly Business Center on May 21 to discuss investor behavior.

Oscar Wolters-Duran, director of the Young Entrepreneurs at Haas program, and Ben Hermalin were quoted in the MESA Perspective Newsletter in May. They commented on Haas' BETA program (Business, Economic, Technology Achievement).

A feature story on the BETA program appeared in the May issue of Outlook, a publication of the University of California.

A study by Richard Lyons, professor in the Economic Analysis and Policy Group and the Finance Group, Graciela Kaminsky, of George Washington University, and Sergio Schmukler, of the WorldBank, was mentioned in the Financial Times on May 13 in an article titled, "Contagion Theory." The study found that US mutual funds used contagion trading strategies -- selling assets from one country when asset prices fall in another country. Causing the crises to spread across international borders.

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Join Haas alumni, new graduates, current MBA students, and newly admitted MBA students (Class of 2004) at one our Welcome Parties held around the world this summer. Please check our website on a regular basis for the latest listing of Welcome Party dates and locations around the world: http://www.haas.berkeley.edu/alumni.

RSVP directly to the alumni contact prior to the event. For additional info, contact the Alumni Relations Office at alumni@haas.berkeley.edu.


Date Correction: *Please note this event takes place in July, not June
South Bay Chapter
Saturday, July 13
11:00 a.m. to 3:00 p.m.
Cuesta Park in Mountain View, Blue Area -- Number 3, located at the end of the parking lot closest to Grant and Cuesta.
RSVP: Wayne Lefkowitz, MBA 95, waynelefkowitz@sprynet.com.

Boston, MA
Tuesday, June 25
6:00 p.m.
Davios in the Hotel Sonesta, 5 Cambridge Parkway (across from Cambridge Galleria)
RSVP: Tony Aquilina, MBA 97, ajaquilina@yahoo.com.

Los Angeles
Tuesday June 18
7:00 p.m.
El Torito Grill 9595 Wilshire BLVD (corner of Camden)
Beverly Hills. Half-price margaritas till 9:30 p.m.
Restaurant phone number 310-550-1599.
RSVP: Miguel Flores, MBA 01, mflores@alumni.haas.org.

New York City
Wednesday, June 26
RSVP: Jed Alpert, MBA 98, alpert@alumni.haas.org

San Francisco
Thursday, June 20
Gin Joint, 312 Harriet St., (Harriet @ Bryant, between 6th & 7th), phone 415-934-1655 http://www.sjwhunt.com/
RSVP: Henry Hwong, MBA 95, hhwong@alumni.haas.org.


Buenos Aires, Argentina
Tuesday, July 2
20:00 hrs. (8 p.m.)
Arguibel, Arguibel 2826, Las Canitas, Capital Federal
RSVP: Gonzalo Arguello, MBA 98, arguello@alumni.haas.org or Marcelo Quinones, MBA 97, marcelo_quinones@yahoo.com.

Sao Paolo, Brazil
Friday, July 5
8:30 p.m.
Marcello´z Restaurant, R. Fradique Coutinho, 1379 - Vila Madalena, Sao Paulo
Phone: (11) 3814-2848 / 3550
RSVP: Arthur Calipo, MBA 98, calipo_arthur@bah.com.

Santiago, Chile
Thursday, July 4
8:00 p.m.
Hotel Plaza San Francisco
RSVP: David Farcas, MBA 94, david.farcas@centrovet.com.

London, England
Thursday, July 4
6:30 p.m.
Hotel One Aldwych, 1 Aldwych (near Covent Garden)
RSVP: Christine Mar, MBA 01, hicmar@yahoo.com or Naard
Broeckaert, MBA 01, naard_broeckaert@yahoo.com.

Seoul, Korea
Saturday, June 15
6:00 to 9:00 p.m.
Seoul, Hilton Hotel, Topaz Room
RSVP: Jay Kim, MBA 95, kim.jay@bcg.com.

Tokyo, Japan
Friday, June 14
6:30 p.m.
Jyosui Kaikan, Kanda Hitosubashi
RSVP: Akito Yamazaki, MBA 82, akitopeace@aol.com.

Zurich, Switzerland
Tuesday, June 25
18:00 hrs. (6:00 p.m.)
Restaurant Strozzi, Fraumünsterstr. 25, 8001 Zürich, Tel 01
212 70 90
RSVP: Urs Huber, MBA 93, u.huber@scasy.com or Patrick Möckli, MBA 97, pmockli@capgemini.ch.

East Bay Chapter World Cup Soccer Event
Saturday, June 15
10:00 a.m.
The Crown British Pub and Restaurant, 331 Hartz Ave, Danville, 925-855-2185, http://www.crownpub.com
Please join fellow alumni to watch the second round games from the World Cup in South Korea and Japan. Everybody is welcome, please bring the whole family and friends. The Crown is serving breakfast. The bar area will be open. The pub is child-friendly, with a special menu for guests under twelve. Come and enjoy the game and meet fellow alumni. For more information, contact Satnam Nahal, MBA 96, snahal1@aol.com.

East Bay Chapter Speaker Event
Wednesday, June 26
7:30 p.m.
Cheit 220, Haas School of Business
Agha Saeed, Ph.D., who teaches courses in political science, communications, and culture at UC Berkeley and Cal State University, Hayward, will give a talk at the Haas School on Muslim culture in the US and increasing understanding between the US and Muslim worlds. Saeed was a member of the board of directors of the Daily Cal while a student at Berkeley from 1988 to 1990.

For more information, contact Bill Vederman, MBA 93, vederman@alumni.haas.org.

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