Haas NewsWire


Haas NewsWire, June 20, 2005



Berkeley-Columbia Executive MBA Program Welcomes Largest Class to Date


Berkeley-Columbia Executive MBA Program

With expertise in everything from banking and business consulting to engineering and entertainment, the largest incoming class to date in the Berkeley-Columbia Executive MBA (BCEMBA) Program launched its studies at the Haas School on May 24.


CEOs, CFOs, principals, and vice presidents are well represented among the program’s fourth class, made up of 70 students. Other professionals seeking to expand their executive skills include an architect, an attorney, and an orthopedic surgeon. Companies represented include Barclays Global Investors, Guidant, Intel, Microsoft, and Verizon as well as JPMorgan Chase, Hewlett Packard, Yahoo!, Cisco, and eBay, each of whom has two employees in the program.


“This is a great class with much talent and a professional diversity that will allow them to challenge and learn from each other,” says Marjorie DeGraca, director of admissions for BCEMBA. The average work experience is now 13 years (up from 12) and the median age has shifted from 34 to 36 years. This year women make up 24% of the class, and 26% of the students already hold advanced degrees.


Yanush Cherkis, MBA 06, saw in a great opportunity to expand his knowledge by improving his peer group through BCEMBA. “I am at a point in my career where I knew I needed to learn at a faster rate. By putting myself in an environment where I’m surrounded by highly experienced people, I knew I would be consistently challenged and find many opportunities for growth,” says Cherkis, a portfolio manager and assistant vice president for JPMorgan Partners, a private equity and venture capital firm. “In every class someone has something to contribute, which benefits others.” Cherkis shared his own expertise with fellow students in a tutoring session on accounting that he set up outside of class.


About 20% of the students work in high tech and electronics. Other major industry sectors represented by the students include financial services/banking, biotech/pharmaceuticals/health services, and computer-related services sectors, each making up 13% of the class. DeGraca notes that she sees an uptick in students coming from less traditional industries such as gaming, entertainment, and hospitality, as well as a sizeable increase in students coming from southern California.


Merging the strengths of two top business schools, the Berkeley-Columbia Executive MBA Program offers instruction at and degrees from both the Haas School of Business and Columbia Business School and membership in two worldwide alumni networks. Each of the five semesters in the 19-month program consists of five long weekends (Thursday through Saturday), with four of the five sessions held at Haas and one at Columbia. For more information on the program, visit http://www.berkeley.columbia.edu/.



Graduating MBAs Finding More Jobs, Higher Salaries


Graduates of the Full-time Berkeley MBA class of 2005 have found themselves getting job offers earlier and earning higher base salaries than last year, according to preliminary statistics available from the Haas School's Career Center.


To date, 87% of the class has received or accepted employment offers, compared to 78% at graduation last year. Abby Scott, director of MBA Career Services, notes that this early data also points to an average base starting salary of well over $90,000, up from $88,234 last year. Finalized statistics from this recruiting season will be available in the fall.


Scott credits an improved economy and the efforts of Career Services account managers for a 35% increase above last year in on-campus recruiting. “Their work also brought a number of new firms to campus, including Veritas, Amazon.com, Home Depot, and Nestle/PowerBar,” says Scott.


To further strengthen relationships with recruiters this year, Career Services placed account manager Nicole Gehrmann in New York to work with the financial services industry. Career Services also added staff, hiring Ellen Wilson as the new account manager for the consumer products, retail, and real estate sectors. The Career Center now has four account managers with specific industry knowledge to strengthen relationships with employers and develop opportunities for students.


The early survey statistics show 25% of the class finding employment with financial services firms so far, compared to 21% last year. Scott has also seen strong interest from students in growth sectors such as corporate social responsibility, hedge funds, and retail.


The top five hiring companies for internships and full-time positions are McKinsey & Co., Yahoo!, SAP, Deloitte, and Johnson & Johnson. This list remains in flux as some industries continue to make job offers.


To ensure strong placements and salaries for Berkeley MBA students for the coming year, the Career Center held the fourth annual Recruiters Day on June 9. Recruiters from 30 firms, including Siebel Systems, Citigroup, and Clorox, came to campus to discuss current placement trends, to exchange best practices, and to help with planning next year’s recruiting.



Intel and Haas School Join Forces to Train Entrepreneurship Faculty Across the Globe


Intel and the Haas School’s Lester Center for Entrepreneurship & Innovation are joining forces to drive job creation and economic competition by boosting entrepreneurial know-how in emerging technology hotbeds around the world with a new “train the trainer” program for entrepreneurship faculty.


Part of Intel’s Higher Education initiative, the new “Technology Entrepreneurship – Theory to Practice” program, offers a teaching curriculum that was developed and will be taught by faculty of the Lester Center. The goal of the program is to foster entrepreneurship education around the world, helping to create innovative business people with cross-disciplinary skills, technical expertise, and the ability to seize market opportunities.


Intel will fund and organize the two-day seminars to be held in five venues in Brazil, China, India, and Europe over the next 18 months. Attending each seminar will be 15-20 faculty members from several colleges and universities in those regions.


“By providing the know-how to teach budding entrepreneurs how to commercialize new technologies and innovations, this program has the ability to kick-start economic engines whose potential has lain dormant until now,” says Jerry Engel, executive director of the Lester Center, who will be leading the program. “Intel’s drive to foster entrepreneurs and the Lester Center’s extensive experience teaching entrepreneurship and training entrepreneurship faculty make this an ideal partnership. It will provide a framework and curriculum that college faculty can adapt to their local situations, building on a proven approach, ultimately encouraging entrepreneurship around the world.”


Engel has been teaching entrepreneurship and venture financing at the Haas School for 14 years. He has extensive experience designing and presenting similar programs, as former faculty director of the PriceBabson@Berkeley program and the Kauffman Foundation’s Lifelong Learning for Entrepreneurship Educators program.


“Not all countries have adopted entrepreneurship as a means of growing their markets and creating jobs,” says Christian Morales, vice president of sales and marketing and co-general manager of Intel Europe. “Today, by and large, many educational systems are geared toward creating employees, not entrepreneurs. To change this dynamic, the core curriculum at universities should add basic instruction in what it takes to start and operate a company.”


The program will include in-classroom exercises and other learning tools that university professors can use to educate technical graduates on the basics of entrepreneurship. Attending faculty are encouraged to share how they will apply their newly gained knowledge on the process of commercializing technology to their curriculum with faculty at other schools. This will allow faculty worldwide to view, use, modify, and refine various approaches to an entrepreneurship curriculum.



Evening & Weekend MBA Students Take an Inside Look at Business in China


Brand management issues facing the 2008 Olympic Games and a visit to Shanghai’s version of Silicon Valley are on the itinerary for 20 Evening & Weekend MBA students traveling this summer as part of their Seminar in International Business.


The seminar, taught by Sebastian Teunissen, adjunct professor and executive director of the Clausen Center for International Business and Policy, is designed to teach Evening & Weekend MBA students about the challenges and opportunities of doing business internationally. This year’s trip, to take place from July 2 to16, focuses on Beijing and Shanghai, locations that were chosen by Teunissen for their importance as the political and economic centers of China, respectively.


To create a multi-faceted picture of business in the People’s Republic, the planned visits include a meeting with members of the Beijing Olympic Games Organizing Committee and a meeting with Cal alumnus Mike Zhang, MS 00 and Ph.D. 01(Industrial Engineering and Operations Research), who works in operations research and solutions for Intel. The group will also travel to the New District in Suzhou, a high-tech industrial development zone outside of Shanghai.


Teunissen notes that the strong Haas Alumni Network in China has presented the group with opportunities to meet with high-level alumni. Corporate visits will be hosted by Robert Tanner, MBA 00, technology business development manager for Nokia’s CDMA phones; Mike Golden, MBA 02, general manager of the marketing and strategy startup AdSmith; and Kathleen Chien, MBA 96, CFO, senior VP, and co-founder of 51job, Inc., a human resources management and executive recruiting firm.


While the students will also take in Tiananmen Square, the Great Wall, and the Forbidden City, Chris Wilson, MBA 05, looks forward to visiting China in a largely non-tourist capacity. “There is no other way to get this kind of exposure to all types of organizations in China,” says Wilson, a regional sales manager with Oracle Corporation. “It’s a great opportunity to take advantage of the relationships UC Berkeley has and the chance of a lifetime to learn how to do business in China.”


In addition, another 20 Evening & Weekend MBA students organized their own trip to learn about the economy in Asia this summer. They are making a special one-week trip to Hong Kong to study with professors at Hong Kong University of Science and Technology (HKUST) from July 2 to July 9. Topics include doing business in China, China's role in global production, and financial sector issues.



New Blog on Financial Engineering Published by Haas


A new blog on financial engineering penned by John O’Brien, adjunct professor and executive director of the Master’s in Financial Engineering Program (MFE), is the first published by the Haas School.


The blog, (short for web log), discusses how the basic tenets of financial engineering and hedging risk can be applied to everything from jet fuel to corporate polluters. The blog is titled "Tackling Sacred Financial Bulls” and can be read at http://financialbulls.blogspot.com/.


The blog allows O'Brien to publish his thoughts on current financial issues immediately and to create a forum for discussion of current issues in financial engineering. In doing so, O’Brien also seeks to raise the profile of the Haas School’s MFE program.


O'Brien began blogging in April 2005. His posts include articles on understanding the risks and rewards of investing in stocks vs. bonds and how to figure out a good balance between the two over time. Most recently, he posted a blog on Southwest Airlines’ use of option-hedges to protect against spikes in airline fuel prices.


O'Brien's posts reflect the richness of his professional experience. Before joining Haas, he was managing director of the Client Service Group at Credit Suisse Asset Management and helped launch CSAM's entry into e-commerce. Also, in the early 80s, he co-founded Leland O'Brien Rubinstein Associates, Inc., with Haas finance professors Hayne Leland and Mark Rubinstein. He served as chairman and CEO there until 1997.



World of Good Takes Home $250,000 in Seed Financing from Draper Fisher Jurvetson Contest


World of Good, a company created by two recent Berkeley MBA alumni, Priya Haji and Siddarth Sanghvi, was named one of two winners of the inaugural Draper Fisher Jurvetson (DFJ) Venture Challenge in early June, taking home $250,000 in seed financing from the competition.


World of Good also won the 2005 Global Social Venture Competition and took second place at the 2005 UC Berkeley Business Plan Competition, both held this past April. The team members include co-founders Priya Haji and Siddharth Sanghvi, both MBA 03, as well as David Guendelman and Jonathan Klein, both MBA 06.


World of Good distributes a line of globally sourced, fair-trade gifts and accessories to the retail market and aims to generate sustainable livelihoods for thousands of artisans around the world. Its products are marketed under one umbrella brand, World of Good.


The team is currently in the process of closing its first-round financing. DFJ will now be one of the Series A investors in the company. Thanks to the funding, World of Good will soon be able to move out of the Berkeley Entrepreneurship Laboratory, formerly known as the Berkeley Business Incubator, which supports fledgling Haas entrepreneurs during their start-up phases.


"The funding from DFJ provides an incredible boost to our growth, allowing us to scale out more quickly in retail stores and on the Internet," says Haji.


Students from Stanford University, the California Institute of Technology, UC Berkeley and UCLA, among others, participated in the DFJ Venture Challenge in early June. Of the fifteen teams who presented their plans in the first round, six were chosen as finalists. The other winner was Bionic Harvest from CalTech, which has developed a micro-generator that produces electricity from the motion of the human body.


For more information on World of Good, visit http://www.world-of-good.com/.



Berkeley MBA and Undergraduate Students Make Four-Year Pledges as They Leave


For the past four years, graduating students in the Haas undergraduate and Berkeley MBA programs have banded together to support the Haas School by making four-year pledges to the school as part of the Lifelong Giving Campaigns.


This year the undergraduate Feed the Bear Lifelong Giving Campaign from the Class of 2005 raised $19,165, which was matched by alumnus and Haas Advisory Board member Richard Blum, BS 58, MBA 59, bringing the total to $38,330. The student committee members were Brandon Doerfler, Christin Witanto, Diana Yang, James Li, Karanvir Singh, Keya Ghorbanzadeh, Krystal Lynn Dennis, Lyndsay Butler, Nema Ghorbanzadeh, Omar Restom, Oscar Olivas, Phuc Le, Prakash Gopinath, Rachel Senko, Ryan Foltz, Sarwat Afaque, Yasaman Baiani, and Zhengo Tan, all BS 05.


The Berkeley MBA 101% Lifelong Giving Campaign of the Class of 2005 pledged over $143,000 for the year with 77% of the class participating. The student committee members were Brad Bao, Ray Brizendine, Nancy Chung, Regie Eberhart, Katherine Evans, Juan Hernandez, Masa Okada, Hugo Pacanins, Graham Passey, Nadeem K. Sheikh, Jennifer Von der Ahe, and Dan Yoo, all MBA 05.


For more information on giving to the Haas School, visit http://www.haas.berkeley.edu/alumni/giving/giving.html.



Haas Undergraduates Win First Cal Case Competition


A team with two Haas undergraduate students among its members took first place in the first-ever Cal Case Competition held April 20 at the Haas School.


The Cal Case Competition (C3) is open to undergraduate students of all majors from UC Berkeley, Stanford, and the California Institute of Technology. C3 was hosted by the Berkeley Entrepreneurship & Technology Association ( BETA), with support from a number of entrepreneurship groups on campus, including the Haas School’s Lester Center for Entrepreneurship & Innovation.


Emerging from an original field of 23 teams, the winning team, called the Deloitte Bears, most impressed the judging panel of venture capitalists and entrepreneurs with their plans to help startup company Digipede distinguish itself in a crowded distributed computing market.


The winning team won $1,000. It included Omar Restom and Aaron Sahagun, both BS 06 at Haas, along with Industrial Engineering and Operations students Aryk Grosz and Andrew Laffoon, both BS 05, and Computer Science student Mark Shlimovich, BA 06.



Connect with Fellow Alumni and New Students at Summer Welcome Parties


From the South Bay to Switzerland, recent Haas School graduates and newly admitted students are invited to experience the benefits of plugging into the Haas Alumni Network at Welcome Parties being held around the world this summer.


For the most current listing of Welcome Party dates and locations, visit www.haas.berkeley.edu/alumni. To join in the connections and camaraderie, RSVP directly to the alumni contact listed at least seven days prior to the event. Here are the Welcome Parties scheduled so far for this summer:


UNITED STATES
Los Angeles , CA
Wednesday, June 29
6:00 p.m. to 9:00 p.m.
Hamburger Hamlet, 11690 San Vicente Blvd., Brentwood
RSVP: Dmitri Leonov, BS 02, Dmitri.Leonov@Overture.com


Boston , MA
Thursday, June 30
5:30 p.m. to 7:30 p.m.
Waterfront patio of the Boston Harbour Hotel, Rowes Wharf, Boston
RSVP: Tony Aquilina, MBA 97, ajaquilina@yahoo.com


East Bay ( Berkeley, CA)
Thursday, July 14
7:00 p.m. to 9:00 p.m.
Beckett’s Irish Pub, 2271 Shattuck Ave., Berkeley
Tel: (510) 647-1790
*Look for group upstairs!
There's no need to RSVP, but if you'd like additional information please contact Daniel Silver at 510-290-4343


South Bay ( Mountain View, CA)
Saturday, August 6
12:30 p.m. to 3:30 p.m.
Rengstorff Park, Mountain View
RSVP: www.acteva.com/go/hansb


INTERNATIONAL
Israel
Thursday, June 30
7:00 p.m. to 9:00 p.m.
Details to follow
RSVP and more info: Hagit Katzenelson, MBA 98, hagitkatz@hotmail.com


Switzerland
Saturday, July 2
6:00 p.m. to midnight
Rapperswil Jazz Festival (outside Zurich)
RSVP and more info: Urs Huber, MBA 93, zvi@sapir.ch


For additional information, contact the Alumni Relations Office at 510-642-7790 or alumni@haas.berkeley.edu.



Faculty News


Tulin Erdem Named Director of the Ph.D. Program


Tulin Erdem, the E.T. Grether Professor of Business Administration and Marketing, assumes the role of Ph.D. Program Director on July 1, 2005, Professor Philip Tetlock announced last week. Tetlock, who has served as the director this past year, will relinquish the post to take a year-long sabbatical.


Erdem, an expert in consumer behavior and branding, has previously served in leading administrative roles at Haas. Most recently she chaired the Marketing Group in 2003-2004. Prior to that she held the posts of associate dean for Academic Affairs and faculty chair in 2002-2003 after serving as co-associate dean for Academic Affairs and chair of Haas School Hiring Committee in 2001-2002.


David Levine Named Chair of the Center for Health Research


Professor David Levine has been named the new chair of the Center for Health Research, which is part of the Institute of Business and Economic Research (IBER).


Established in 2001, the Center for Health Research is comprised of more than 70 faculty researchers on the Berkeley and San Francisco campuses of the University of California who work to address the many challenging issues facing the health sector of society. Center affiliates come from many different disciplines including economics, demography, political science, public health, business, psychology, social welfare, and sociology.


Levine’s own research initially focused on labor markets and workplaces, but in recent years he has turned his attention to the causes and effects of good health. His research in the United States has examined reforms to workers’ compensation, health disparities for the poor, and the effects of teenage childbearing on young mothers. His work in developing nations has explored the effect of adult mortality and poor health on households and children and the impact of industrialization on children’s health.


Levine succeeds Professor Tom Rundall, professor of health policy management in the School of Public Health, who has chaired the center the past three years. For more information on the center, visit http://healthresearch.berkeley.edu/.


Severin Borenstein Honored for Utilities Research


Professor Severin Borenstein was given the Distinguished Service Award for 2005 by the University of Florida's Public Utility Research Center in February. This award is given to an academic to recognize the cumulative impact of an individual's research and policy analyses on both the academic community and regulatory policymakers. Visit http://bear.cba.ufl.edu/centers/purc/about/05.htm


Oliver Williamson Recognized for his Contributions to Industrial Organization


Oliver Williamson, the Edgar F. Kaiser Chair in Business Administration, was named the 2004 Distinguished Fellow of the International Industrial Organization Society at the 2005 Conference of the Society in Atlanta in April.


Williamson also gave the Richard T. Ely Lecture on "The Economics of Governance" at the annual meetings of the American Economic Association in Philadelphia in January and the Eli F. Heckscher Lecture on "Business History and Economic Organization: The Lens of Contract/Governance Perspective" in Stockholm in May.

Ray Miles Speaks on Organizational Design


Professor Emeritus and former Dean Ray Miles gave the keynote address at a workshop on Organization Design for American and European scholars at the University of Southern Denmark in Odense, Denmark, in May.



Staff News


Kim Guilfoyle Joins Haas Ph.D. Program as Administrative Director


Kim Guilfoyle, associate director of the Full-time MBA Program, has accepted the position of administrative director for the Haas School’s Ph.D. Program. Guilfoyle begins in her new role July 1. Prior to joining the MBA program in June of 2000, she worked as a practice coordinator at UC Berkeley’s School of Public Health. “I am looking forward to working with the staff, students, and faculty of the Ph.D. Program,” says Guilfoyle. “This is a wonderful opportunity to still be part of the Haas community while growing both personally and professionally.” She holds a BA in environmental studies from East Stroudsburg State University of Pennsylvania and an MS in counseling with a college and career specialization from San Francisco State University.


“We looked long and hard for Jan Greenough's replacement," says Phil Tetlock, professor and director of the Haas Ph.D. Program. "Both Jan and I are delighted that we were able to persuade Kim to join the Ph.D. office. She is superbly qualified.”
E-mail: kimg@haas.berkeley.edu
Phone: 642-1409
Office: F477


New Staff


Jennifer Cherniss Conducts Market Research for Haas


Market research manager Jennifer Cherniss joined Haas on April 25. She conducts consumer research, including surveys of current and prospective Haas students, that will help identify market changes that affect the school’s strategic goals and program offerings. Cherniss previously led the research function at United Behavioral Health. She has also worked for Logitech, the Learning Company, and several internet startups. She holds a BA from UC Berkeley with a double major in rhetoric and zoology. Cherniss cites her hobbies as expedition travel and extreme home repair. She is also in the process of adding sommelier skills to her repertoire.
E-mail: cherniss@haas.berkeleyledu
Phone: 643-4617
Office: S460


Michael Chung Keeps MFE Students Computing


Michael Chung joined Haas on June 1 as the Master's in Financial Engineering lab manager. Chung will assist MFE students and maintain their lab facilities, as well as support Haas Computing Services. Chung comes to Haas from Del Monte Fresh Produce Company where he worked as a research associate. He holds a BS in plant molecular biology from UC Berkeley with a minor in business administration. Away from work, Chung enjoys basketball, hiking, and foreign travel.
E-mail: mchung@haas.berkeley.edu
Phone: 643-3887
Office: S300B


Charles Conn to Assist Grad Students with Financial Aid


Financial aid counselor Charles Conn joined Haas on June 1 and looks forward to getting back to his roots in helping graduate students sort through financial aid options. Most recently, Conn was an account executive with Access Group, Inc., a non-profit organization specializing in education financing for graduate and professional students and schools. He holds a BA in liberal arts from New York’s New School University and an AAS from Whatcom Community College in Bellingham, WA. At home with his partner, Donald, Conn enjoys music, dancing, and scrapbooking.
E-mail: cconn@haas.berkeley.edu
Phone: 643-0183
Office: S420-K


Ellen Wilson Brings Wealth of Consumer Product Experience to MBA Recruiting


Ellen Wilson joined Haas Career Services on May 16 as an account manager for the consumer products, retail, and real estate industries. Prior to joining Haas, she was a director of marketing at Peet’s Coffee & Tea where she was responsible for launching the company’s grocery business strategy. Wilson has also worked in marketing at other consumer products companies including Clorox, Nestle, Archway-Mother’s Cookies, and Aidells Sausage Company. She holds a BA from Dartmouth College and an MBA from Columbia University. Ellen lives in Piedmont with husband Pete Wilson, MBA 02, and their three children.
E-mail: ewilson@haas.berkeley.edu
Phone: 643-4388
Office: S330-D



Haas in the News


Erika Walker, director of admissions and operations for the Undergraduate Program, was quoted in the East Bay Business Times on June 12 in "St. Mary's Cuts Longtime Extension Program." Walker commented that the Haas School's program has expanded to meet increasing demand from both UC Berkeley students and transfer students from community colleges.


Jerry Engel and John Freeman were quoted June 8 in a Financial Times article titled “Many Good Ideas Never Get an Audience.” Engel, adjunct professor and executive director of the Lester Center for Entrepreneurship and Innovation, and Freeman, the Helzel Professor of Entrepreneurship and Innovation, discussed the venture capital industry.


Henry Chesbrough, executive director of Haas' Center for Open Innovation, was quoted in a Financial Times article June 8. In “Floodgates Open Up to a Sea of Ideas,” Chesbrough spoke on the open source approach of Procter & Gamble.


Paul Otellini, MBA 74, CEO of Intel, was featured in the San Francisco Chronicle in a June 7 article titled “Apple, Intel to Become Partners.” For full text: http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2005/06/07/BUGNSD4FCN1.DTL&type=business


Terrance Odean, associate professor in the Finance Group, was mentioned June 6 in the Dow Jones Newswire in "Day-Trading Retirees Blowing Bubbles." Odean's research with UC Davis professor Brad Barber was cited to explain why trading more frequently can cost investors money.


John Burris, MBA 70, was profiled in the San Francisco Chronicle on June 5 in " Oakland's Johnnie Cochran: John Burris is the Go-To Man When You're on the Wrong Side of the Cops." For full text: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/06/05/CMGL7CDMJT1.DTL


Severin Borenstein, the E.T. Grether Professor of Business Administration and Public Policy, wrote an article for the San Jose Mercury News on June 2 about drilling in the Arctic National Wildlife Refuge in order to supply oil for California. For full text: http://www.mercurynews.com/mld/mercurynews/11795227.htm.


Robert Gleeson, executive director of the Berkeley-Columbia Executive MBA, was quoted in the Contra Costa Times on June 2. Gleeson commented on the Berkeley-Columbia Executive MBA program in “UC Davis plans local MBA program.” For full text: http://www.contracostatimes.com/mld/cctimes/email/news/11795986.htm


Hal Varian, professor in the Haas Operations and Information Technology Management Group, wrote an editorial in the New York Times titled “Putting a White House Annual Report to a Test” on June 2.


Several articles appeared in European publications on the new partnership between Intel and the Lester Center for Entrepreneurship and Innovation to teach entrepreneurship. Articles ran in Russia, Norway, Bulgaria, the United Kingdom, Poland, and Germany.


Borenstein was quoted in “Unlikely Alliances Fight Fuel Habit” in the San Diego Union-Tribune May 30. He discussed the rising costs of gasoline prices. For full text: http://www.signonsandiego.com/uniontrib/20050530/news_lz1n30energy.html


Peter Sealey, adjunct professor of marketing, was quoted May 29 in an MSNBC.com article titled “ICSC Panel: Grocery Industry Buffeted by Winds of Change.” Sealey commented on the traditional supermarkets losing business to specialty stores at a panel discussion at the International Council of Shopping Centers annual meeting. He was also mentioned in the St. Petersburg Times on May 25 in an article titled “Shopping Centers Share Grocer’s Pain.”


Benjamin Hermalin, the Willis H. Booth Professor of Banking and Finance, was mentioned May 28 in “Stock Options Become Less Desirable as Compensation.” Hermalin discussed in the Contra Costa Times article the decreasing number of ordinary employees receiving stock options compared to top executives.


Odean’s research was mentioned in the Baton Rouge Advocate May 26 in an article titled “Investors Told to Go Against the Grain.”


Borenstein was quoted in the Sacramento Bee article “Strapped Calpine Cuts Back” on May 26 on the California energy crisis. For full text: http://www.sacbee.com/content/news/energy/story/12956342p-13803716c.html


Sealey was quoted May 25 in the Los Angeles Times article “ Paris’ ad goes from frying pan to hot seat.” He commented on a new fast food ad that features Paris Hilton.


The Wall Street Journal published a letter to the editor by David Levine, professor in the Economic Analysis and Policy Group and the Organizational Behavior and Industrial Relations Group, and Bhashkar Mazumder, an economist for the Federal Reserve Bank of Chicago, on May 24.


Sealey was quoted in a New York Times article titled “I Love You with All My Hype” on May 22. He commented on how the off screen romances of Hollywood stars affect a motion picture.


Kenneth Rosen, the California State Professor of Real Estate and Urban Economics, was quoted in the San Francisco Chronicle on May 20. The article, titled “High Interest in Interest-only Home Loans,” discussed how consumers are affording the increasing housing costs. For full text: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/05/20/MNG5CCS82U1.DTL


Sealey was quoted in the New York Times in an article titled “Latest ‘Star Wars’ Movie is Quickly Politicized” on May 19. He expressed that e ntertainment properties, especially important motion pictures, hold a mirror up to society and often such films are interpreted within the framework of current events.


Sealey was also interviewed about "Star Wars: Revenge of the Sith" on KGO radio at 6:10 p.m. on May 18.


Paul Otellini, MBA 74, was featured in the San Francisco Chronicle “Changing of the Guard” as he became the new CEO for Intel Corp. on May 18. For full text: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2005/05/18/BUGFOCQLN21.DTL&type=business


Borenstein was quoted in a Contra Costa Times article on May 16. He commented on the increasing gasoline prices in “California Lays Claim to Nation’s Highest Gas Prices, but Why?”


Levine was quoted in the New York Times in an article titled “Class in America: Shadowy Lines That Still Divide” on May 15. Levine commented on the various class divisions in American society.


Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, currently on leave as the San Francisco Federal Reserve President, was featured in the Contra Costa Times article titled “Fed’s Yellen Sounds Off on State of Economy” on May 15.


Mark Coopersmith, lecturer in entrepreneurship, was quoted in a Washington Post article entitled "Final 'Star Wars' Caps Moneymaking Empire" on May 14. Coopersmith commented on how movie franchises create related revenue streams in areas such as merchandising, and the related benefits and risks. For full text: http://www.washingtonpost.com/wp-dyn/content/article/2005/05/13/AR2005051301512_pf.html



Happening at Haas


Alumni Events


NEW YORK ALUMNI
Collaborative Technologies Conference 2005
Sunday, June 19 to Friday, June 24
Pier Sixty, Chelsea Piers, New York City
The conference helps forward-thinking IT and business professionals understand how technologies such as instant messaging, conferencing, shared workspaces, and VoIP (Voice over IP) can give their organizations a competitive advantage. The program addresses collaborative applications and the infrastructure required to support them, as well as the development of a cohesive strategy that fits your business needs, culture and goals.
New York area alumni can register for a free exhibits plus pass or receive 50% off the education programs when you register with priority code MLBZCNC2.
To register, visit www.ctc2005.com.


PARIS ALUMNI
“The US Dollar: Where is it Headed?" with Dean Richard Lyons
Tuesday, June 28
7:30 p.m. to 9:30 p.m.
UC Paris, 89, rue du faubourg Saint-Antoine, 75011 Paris
For registration and payment information, contact Chico at alumni@ucparis.fr or call 01-49-28-54-00.


SAN FRANCISCO ALUMNI
“Can Business Save Education? The Role of Business in Education” Panel Discussion
Wednesday, June 29
5:30 p.m. to 7:30 p.m.
Commonwealth Club, 595 Market Street, San Francisco
Panelists include Arlene Ackerman, San Francisco superintendent of schools, Stan Litow, president of IBM Foundation and IBM’s VP of Global Community Relations; Brian Fitzgerald, CEO of Business – Higher Education Forum, Washington, DC; and Norton Grubb, David Gardner Chair in Higher Education at UC Berkeley and expert in school to career partnerships.
To make a reservation, call 415-597-6700.


LOS ANGELES ALUMNI
Welcome Party for New Admits/New Grads
Wednesday, June 29
6:00 p.m. to 9:00 p.m.
Hamburger Hamlet, 11690 San Vicente Blvd., Brentwood
Join Los Angeles Alumni at a reception to welcome Haas' new students and recent grads, both undergraduates and graduates, with hors d’ouevres and no-host happy hour bar.
RSVP to Dmitri Leonov at Dmitri.Leonov@Overture.com


BOSTON ALUMNI
Welcome Party for New Admits/New Grads
Thursday, June 30
5:30 p.m. to 7:30 p.m.
Waterfront Patio, Boston Harbour Hotel, Rowes Wharf, Boston
Join Boston alumni at the Welcome Party for new Haas alums and students. Reception on the Waterfront Patio, with live jazz later in the evening.
RSVP to Tony Aquilina at ajaquilina@yahoo.com.


ISRAEL ALUMNI
Welcome Party for New Admits/New Grads
Thursday, June 30
7:00 p.m. to 9:00 p.m.
To RSVP and for directions, contact Hagit Katzenelson at 054-564-2119 or hagitkatz@hotmail.com.


SWITZERLAND ALUMNI
Welcome Party for New Admits/New Grads: Rapperswil Jazz Festival
Saturday, July 2
6:00 p.m. to 12:00 a.m.
Rapperswil (outside Zurich), Switzerland
For more information on the festival, visit http://www.bluesnjazz.ch.
To RSVP, contact Urs Huber at zvi@sapir.ch or 078-732-1455.


EAST BAY ALUMNI
Welcome Party for New Admits/New Grads
Thursday, July 14
7:00 p.m. to 9:00 p.m.
Beckett's Irish Pub, 2271 Shattuck Avenue, Berkeley
Tel: (510) 647-1790
*Look for group upstairs!
There's no need to RSVP, but if you'd like additional information please contact Daniel Silver at 510-290-4343


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