Haas NewsWire

Cal Provost Begins Search for Acting Dean, Asks Community for Advice

The Provost’s Office at UC Berkeley has begun an immediate search for a new acting dean for the Haas School and is seeking nominations and suggestions from the Haas community.

The acting dean will take over for Dean Tom Campbell, who will take a leave of absence from his post after being named California’s new chief budget officer by Gov. Schwarzenegger last Thursday. Campbell, who will begin his new position on December 1, expects to be away from Haas for two annual state budget cycles.

Meanwhile, Haas School officials said the business school would continue to make progress on its ambitious goals under the new leadership because the school has excellent internal candidates to choose from for the acting dean position.

The process of identifying an acting dean will be led by Vice Provost for Academic Affairs Jan de Vries, who is part of Provost Paul Gray’s office. In an email to the Haas community over the weekend, de Vries sought input from Haas School faculty, students, staff, and alumni on potential candidates for this position.

“As we congratulate Dean Campbell on the important public service he has been asked to perform, we also intend to act promptly and thoughtfully in securing the leadership the Haas School needs to achieve the ambitious goals it has set for itself,” said de Vries in his note.

He invited the Haas community to submit comments and suggestions no later than November 15 through the following channels. Please note the words “Haas School Acting Dean” in the subject line of your e-mail.

Faculty: P-Squared - Policy & Planning Chair Tulin Erdem <erdem@haas.berkeley.edu>

Staff: DSAC - Dean's Staff Advisory Committee <dsac@haas.berkeley.edu>

Students: Student Body Presidents

Alumni: Alumni Relations Office: <alumni@haas.berkeley.edu>

De Vries also said recommendations may be sent directly to his office, via his administrative assistant, at: romanski@berkeley.edu

Teresa Costantinidis, the Haas School’s Chief Operating Officer, said she expects that an Acting Dean will be named before December 1.

“I know Tom's decision to take a leave of absence has surprised some of our community, she said. “But we count ourselves extremely fortunate that our faculty contains a number of strong leaders, any one of whom can step forward and continue the school's forward momentum during Tom's absence.”

Earl F. “Budd” Cheit, dean emeritus, who served as dean at the Haas School in 1976-82 and again as acting dean in 1990-91, said "Dean Campbell’s announcement made me feel sorry for the school in the short term, but pleased about his likely impact on the state and the university. I am also confident that his work will be of benefit to the Haas School in the longer term."

Cheit also noted that Haas has a strong talent pool of faculty members from which to select an acting dean.

Costantinidis added, “Tom leaves the school in great shape, and primed to move forward on a lot of exciting projects. Over the coming months we will continue to expand the size of the faculty, and thus the school's capacity to produce leading edge research. We will seek constant improvement and innovation in our academic curricula, as well as enhancement of the school's services for students. On the financial front, we will continue building our endowment and planning for additional facilities for our programs.”

New Berkeley Financial Reporting Award Honors Accounting Reformer Walter Schuetze

Investor advocate and accounting reformer Walter Schuetze was honored with the inaugural Berkeley Award for Distinguished Contributions to Financial Reporting at the fifteenth annual Conference on Financial Reporting in San Francisco on Friday, Nov. 5.

The award was conceived by Haas Accounting Professor Emeritus George Staubus and sponsored by the Center for Financial Reporting and Management. Staubus said Schuetze earned the award by “standing up for the weak party” in the perennial conflict between management and investors.

A partner at KPMG for nearly three decades, Schuetze was one of the first accountants to spot the problems that contributed to the savings and loan crisis of the 1980s. Unlike some accountants of the time, he refused to go along with business managers’ creative accounting.

He left KPMG to join the Securities and Exchange Commission (SEC) as chief accountant from 1992 until his retirement in 1995. He came out of retirement in 1997 to work another two years as chief accountant of that agency’s enforcement division. He has also testified before the US Senate on “Accounting and Investor Protection Issues Raised by Enron and Other Public Companies.”

In 2000, he joined the board of directors of Computer Associates, only to find that the company had been overstating earnings for years. He led the company’s audit committee through the dangerous terrain of an investigation by the SEC dismissing the company’s top executives and reorienting the company to benefit shareholders.

His book, Mark to Market Accounting: True North in Financial Reporting, was published by Routledge in March 2004.

The creation of the Berkeley Award for Distinguished Contributions to Financial Reporting was partially stimulated by accounting scandals at Enron, WorldCom, and Tyco, according to Staubus.

Nominations were considered by an eight-member jury, consisting of Donald Kirk and professor Dennis Beresford, two former chairmen of the Financial Accounting Standards Board; Colleen Sayther Cunningham, CEO of the networking and advocacy group Financial Executives International; Patricia Doran Walters, director of research at the CFA Institute; James Leisenring, a former board member of the International Accounting Standards Board and former vice chairman of the FASB; Michael Sutton, who succeeded Schuetze as chief accountant at the SEC; Staubus; and Haas School Dean Tom Campbell.

Clausen Center to Present First Microfinance Conference, November 19

The Haas School’s Clausen Center for International Business and Policy will hold its first-ever microfinance conference, “Investing in Dreams,” on Friday, November 19, beginning at 8:00 a.m., in the Lipman Room at Barrows Hall.

Attendees will include banking professionals, representatives from nonprofit organizations, and students from across the UC Berkeley campus. Space is still available, but early sign-ups are recommended.

Microfinance refers to smaller-scale loans, savings, insurance, transfer services, and other financial products targeted at low-income clients.

The conference kicks-off with remarks from Dean Tom Campbell followed by two keynote speakers.

Muhammad Yunus, founder and managing director of the Grameen Bank, will give the first keynote speech of the conference. Almost thirty years ago, Grameen Bank began providing small loans, which were not available from traditional banks, to people in Bangladesh in a handful of villages. Over the years, the organization has grown and now provides services in 46,000 villages in Bangladesh and has active loans to more than 3.7 million borrowers.

The second morning keynote speaker, John Hatch, pioneered a loan system called “village banking." He created the Foundation for International Community Assistance, which has village banking loan programs in 23 countries and has assisted nearly one million low-income families assisted since its inception in 1984.

There are two afternoon panels on microfinance. The first, "The Financing of Microfinance," features Janet McKinley, chair of Oxfam America; Asad Mahmood, director of the Community Development Group and general manger at Deutsche Bank Microcredit Fund; and Jonathan C. Lewis, chair and CEO of MicroCredit Enterprises.  "The Efficacy, Sustainability and Scalability of Microfinance" brings together Sean Kline, senior technical advisor at Freedom From Hunger; Leslie Barcus, president of the Microfinance Management Institute; and Barbara Weber from the Grameen Foundation, USA.

“Our aim is to make people aware of the effectiveness of microfinance and, in particular, to encourage financial institutions to look at microfinance as a source of profitable investment,” says conference organizer Sebastian Teunissen, executive director of the Clausen Center. The conference coincides with the November 18 launch of “The International Year of Microcredit” declared by the UN General Assembly.

Participants may also attend a dinner with the conference speakers on November 18.

For more information on the microfinance conference, or to register, visit http://www.haas.berkeley.edu/HaasGlobal/microfinance04.html.

Real Estate Symposium to Explore the Opportunities in Markets Up and Down

Finding real estate investment opportunities in the Bay Area and beyond are on the agenda for the 27th annual Real Estate & Economics Symposium on Monday, November 22 from 8:00 a.m. to 5:00 p.m. at San Francisco’s Marriott Hotel.

The conference is sponsored by the Haas School’s Fisher Center for Real Estate & Urban Economics.

This year’s panel of distinguished speakers includes: Kenneth Rosen, chairman of the Fisher Center for Real Estate & Urban Economics and California State Professor of Real Estate, who will provide his annual outlook on the economy and the US real estate markets; Tony Downs, senior fellow at the Brookings Institution, who will share humorous insights as the self-proclaimed "World’s Greatest Authority"; and San Francisco Mayor Gavin Newsom, who will update participants on his vision for San Francisco’s economic growth.

The conference will provide an overview of real estate and financial markets with more than a dozen leading business and public-sector decision-makers, including Laurence Baer, executive vice president and chief operating officer of the San Francisco Giants; Bruce Karatz, chairman and CEO of KB Home; and Gale C. Scott, managing director of Standard & Poors Structured Finance Ratings. Time will be included for speakers to respond to questions from the audience, allowing for candid exchange with these prominent industry authorities.

The Real Estate & Economics Symposium consistently attracts large audiences, so early registration is recommended. For more information, or to register, contact Zee Zeleski at zeleski@haas.berkeley.edu or at 510-643-6109 or visit http://www.haas.berkeley.edu/realestate.

Author Michael Lewis to Moderate Haas Event on Corporate Social Responsibility

Michael Lewis, author of Liar's Poker, Moneyball, and The New New Thing, will moderate a special panel discussion titled, “A Conversation Around Mainstreaming Corporate Social Responsibility: Can It Be Done?” on Monday, November 15, at 5:30 p.m. at the World Trade Club, San Francisco.

This event was organized by Haas School's Center for Responsible Business and the San Francisco Chapter of the Haas Alumni Network.

Lewis, who is also a contributing writer to the New York Times Magazine, will lead the discussion with a high-profile panel of corporate executives. The group includes Mike Homer, BS 81, chairman of Kontiki and former executive vice president at Netscape; Debra Dunn, senior vice president for Hewlett-Packard; Bill Campbell, chairman of Intuit; Anne Gust, executive vice president, chief administrative officer, and chief compliance officer at Gap Inc.; Mitch Kapor, founder and designer of Lotus 1-2-3; and Bob Dunn, former CEO of Business for Social Responsibility.

The focus of the discussion will be corporate social responsibility from the business leaders' perspectives and from those of the industries they represent, in order to determine if and how CSR can be incorporated more fully into every aspect of a company's operations, culture, brand and value.

A limited number of seats are still available. Please register online at www.acteva.com/go/hansf.  For more information, contact Joanna Trammell at joannat@haas.berkeley.edu.

Haas in the News

Dean Tom Campbell's appointment as director of California's Department of Finance was covered by media outlets throughout the state.

• In the San Jose Mercury News on November 5 in two articles titled, “Smart Choice to Clean Up Budget Mess" and “Governor's New Finance Chief: Tom Campbell.”  For full text: http://www.mercurynews.com/mld/mercurynews/news/opinion/10106202.htm and http://www.mercurynews.com/mld/mercurynews/news/10106101.htm.
• In the San Diego Union Tribune on November 5 in an article titled, “Berkeley Dean New Director of Finance.” For full text: http://www.signonsandiego.com/news/state/20041105-9999-1n5campbell.html
• In the Los Angeles Times November 5 in an article titled, “State Gets a New Finance Chief.” For full text: http://www.latimes.com/news/local/la-me-arnold5nov05,0,6758313.story?coll=la-home-local.
• In the San Francisco Chronicle on November 5 in an article titled, “Schwarzenegger Closes Ears to Democrat 'Losers' He taps Republican as Money Chief, Vows not to Increase Taxes” For full text: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/11/05/CALBUDGET.TMP
• In the Sacramento Bee on November 5 in an article titled, “Campbell Named State Budget Chief.” For full text: http://www.sacbee.com/content/politics/story/11326027p-12240755c.html
• In the Record-Searchlight on November 5 in an article titled, “State Finance Director Chosen."
• In the Daily Californian on November 5 in an article titled, “ Haas Dean Named State Finance Director” For full text: http://www.dailycal.org/article.php?id=16814.
• In the San Diego Union Tribune on November 4 in an article titled, “Governor Names Former Rep. Tom Campbell Finance Director.” For full text: http://www.signonsandiego.com/news/state/20041104-1523-ca-financedirector.html
• In the San Francisco Chronicle on November 4 in an article titled, “Governor Names Former Rep. Tom Campbell Finance Director.” For full text: http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2004/11/04/financial1451EST0059.DTL
• In the San Jose Mercury News on November 4 in articles titled, “Governor Names Former Congressman Tom Campbell Finance Director. For full text: http://www.mercurynews.com/mld/mercurynews/news/
  local/states/california/northern_california/10100058.htm. Also in “Gov. Schwarzenegger Names Former Bay Area Congressman for Finance Director” For full text: http://www.mercurynews.com/mld/mercurynews/news/local/10099999.htm
• Reported on KGO TV Channel 7 on November 4.  For full text: http://abclocal.go.com/kgo/business/110404_moneyscope_campbell.htm.
• In the Sacramento Union on November 4 in an article titled, “ Governor Picks Campbell for State Finance Director” For full text: http://www.sacunion.com/pages/state_capitol/articles/581.
• On KESQ News Channel 3 on November 4 in a segment titled, “Governor Names Former Rep. Tom Campbell Finance Director” For full text: http://www.kesq.com/Global/story.asp?S=2523241
• In the San Diego Daily Transcript on November 4 in an article titled, “Governor Names Former Rep. Tom Campbell Finance Director” For full text: http://www.sddt.com/News/article.cfm?SourceCode=20041104cm
• In the Sacramento Bee on November 4 in an article titled, “Governor Names New Finance Director.” For full text: http://www.sacbee.com/content/politics/story/11315040p-12229791c.html
• In the San Jose Business Journal on November 4 in an article titled, “Campbell Named California’s Finance Director.” For full text: http://sanjose.bizjournals.com/sanjose/stories/2004/11/01/daily42.html
• In the San Francisco Business Times on November 4 in an article titled, “Haas Dean Campbell Named Director of the California Department of Finance” For full text: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2004/11/01/daily41.html
• On KCRA-TV on November 4 in a segment titled, “Tom Campbell Named State Finance Director.”  For full text: http://www.thekcrachannel.com/politics/3890623/detail.html.
• In the Daily Breeze on November 4 in an article titled, “Governor Names Former Congressman as Finance Director” For full text: http://www.dailybreeze.com/news/regstate/articles/1160366.html
• In the Sarasota Herald Tribune on November 4 in an article titled, “Governor Names Former Congressman Tom Campbell Finance Director” For full text: http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20041104/APN/411040865

Abby Scott, the director of career services at Haas School of Business, was mentioned in the South China Morning Post on November 6 in an article titled “Getting Down to Business."

John Freeman, the Helzel Professor of Entrepreneurship and Innovation and the faculty director of the Lester Center for Entrepreneurship and Innovation, was quoted in the Contra Costa Times in an article titled “Google’s surge in share prices creates dot-com flashbacks” on November 4. For full text: http://www.contracostatimes.com/mld/cctimes/business/10097240.htm

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, who is currently on leave to serve as the San Francisco Federal Reserve Bank President, was quoted in the Asian Wall Street Journal on November 2 in an article titled, “Tokyo Is Unlikely to Intervene on Yen --- Better Japanese Economy, US Bias to Weaker Dollar Make Action Hard to Justify."

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, was quoted in the Contra Costa Times on November 2 in an article titled “Proposed Merger to Give Valero Control of Some California Import Facilities.” For full text: http://www.contracostatimes.com/mld/cctimes/business/10076530.htm

Hal Varian, professor in the Operations and Information Technology Management Group, was mentioned in the Electronic Engineering Times, in an article titled “Smart Storage -- Probes, Millipedes Creep Forward, as Perpendicular Recording Embraces Era of Digital Media” on November 1. He commented on the growth rate of disk drive capacity and data growth. For full text: http://eetimes.com/showArticle.jhtml?articleID=51200510

Terrance Odean, associate professor in the Finance Group, was mentioned in the monthly magazine On Wall Street in an article called “What Returns Do Your Clients Really Get?” on November 1. For full text: http://www.onwallstreet.com/detail.cfm?page=/pubs/ows/20041101014.html

Odean was mentioned in the Herald Sun in an article titled “Testosterone Can Cloud Your Judgment” on November 1. His thoughts on overconfidence were examined. For full text: http://www.wrenresearch.com.au/research/020902au/

Yellen was quoted in the Wall Street Journal, in an article titled “The Outlook: Fed's Calculus Includes Oil Prices, Dollar” on November 1.

Scott Adams, MBA 86, the creator of the Dilbert comic strip, was interviewed in the Financial Times on November 1 in an article titled “Business Savvy and a Funny Way of Looking at Life.”  Adams described his time in the Evening & Weekend Program as one of the most useful things he has ever done in his life. 

David Vogel, the Solomon Lee Professor of Business Ethics, was mentioned in the San Diego Union-Tribune on November 1 in an article titled “Two Candidates’ Differences on Environment are Striking.”  He commented on how environmental regulations impact the economy. For full text: http://www.signonsandiego.com/news/politics/20041101-9999-1n1environ.html

Dwight Jaffee, the Willis Booth Professor of Banking, Finance, and Real Estate, was quoted in the Financial Times in an article titled “Fannie Mae Accounts Face Delay Auditing” on November 1.

The Haas School of Business was mentioned in Business Week on October 29 in an article titled “The Ever-Costlier MBA Degree.” The article was about tuition increases at MBA programs around the US. For full text: http://www.businessweek.com/bschools/content/oct2004/bs20041028_5621_bs001.htm

Cynthia Kroll, senior researcher at the Fisher Center for Real Estate and Urban Economics, was mentioned in the San Francisco Chronicle in an article titled “Encouraging News on Economy Three Reports" on October 28. She commented on the job growth in the Bay Area and outsourcing. For full text: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/10/28/BUGTK9HGQ21.DTL

Borenstein was interviewed by Factcheck.org and that interview was reprinted in Oh My News in an articled titled “Kerry, Bush Mislead on Energy Independence” on October 27 and October 28 respectively.  He commented on the international and domestic issues of the reliance on the oil market. For full text: http://english.ohmynews.com/articleview/article_view.asp?no=193947&rel_no=1

Happening at Haas

CENTER FOR RESPONSIBLE BUSINESS and NET IMPACT-NON-PROFIT MANAGEMENT CLUB
Tech Laureate Panel Discussion moderated by Thomas Kalil, Special Assistant to the Chancellor for Science and Technology
Tuesday, November 9
7:30 p.m. to 9:00 p.m.
Arthur Andersen Auditorium
Five Tech Laureates discuss the current improvements of the human condition worldwide through the application of technology. This is a unique opportunity to hear from a panel of Tech Laureates who are all being honored by the Tech Museum of Innovation in San Jose.
For more information, contact Joanna Trammell at joannat@haas.berkeley.edu.

CENTER FOR RESPONSIBLE BUSINESS
“A Conversation Around Mainstreaming Corporate Social Responsibility: Can It Be Done?” panel discussion moderated by Michael Lewis
Monday, November 15
5:30 p.m.
World Trade Club, San Francisco
Michael Lewis, best selling author of Liar's Poker, Moneyball, and The New New Thing, and contributing writer to the New York Times Magazine, will be the moderator of a high-profile panel of the following corporate executives: Mike Homer, chairman of Kontiki and former EVP at Netscape; Debra Dunn, senior VP for Hewlett Packard; Bill Campbell, chairman of Intuit; Anne Gust, CAO at Gap Inc.; Mitch Kapor, founder and designer of Lotus 1-2-3; and Bob Dunn, former CEO of Business for Social Responsibility.
The panel will discuss corporate social responsibility from the business leaders' perspectives and from those of the industries they represent, in order to determine if and how CSR can be incorporated more fully into every aspect of a company's operations, culture, brand and value.
Register online: www.acteva.com/go/hansf
Cost: $15/students, $25/alumni and friends through November 1, $30 thereafter and at the door.
For more information, contact Joanna Trammell at joannat@haas.berkeley.edu.

MOT LECTURE SERIES
“Opportunities in Telecom” by Don Proctor, Vice President, Cisco Systems
Wednesday, November 17
4:00 p.m. to 6:00 p.m.
Wells Fargo Room, C420
Don Proctor leads one of the most exciting businesses at Cisco Systems, the Voice-over-IP Business Unit. Proctor will discuss how Cisco is capitalizing on its position in the market and what new opportunities lie ahead.

BERKELEY ENTREPRENEURS FORUM
“Old Blues/New Blues: Spotlight on Alumni Entrepreneurs”
Thursday, November 18
6:30 p.m. to 8:30 p.m.
Arthur Andersen Auditorium
For more information, visit http://entrepreneurship.berkeley.edu/bef.asp

Seminars

BERKELEY REAL ESTATE SEMINAR
Erica Greulich, University of California, Berkeley
Monday, November 8
12:30 p.m. to 2:00 p.m.
Room C135
For more information, contact Thomas Randle at randle@haas.berkeley.edu.

ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS SEMINAR
”On the psychology of culture: Urban legends, mad cow disease, drinking tales, and the Mozart Effect” by Chip Heath, Stanford University
Wednesday, November 10
4:00 p.m. to 5:30 p.m.
Room C220
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

SHANSBY MARKETING SEMINAR
“Observing Outcome-Based Judgments through the Eyes of the Consumer” by Nidhi Agrawal, New York University
Friday, November 12
4:00 p.m. to 5:30 p.m.
Room C250
For more information, contact Laura Gardner at Lgardner@haas.berkeley.edu.

BERKELEY REAL ESTATE SEMINAR
Rui Yao, Baruch College
Monday, November 15
12:30 p.m. to 2:00 p.m.
Room C135
For more information, contact Thomas Randle at randle@haas.berkeley.edu.

ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS SEMINAR
”Shifts in Ethnography (Through the Ages)” by John Van Maanen, Massachusetts Institute of Technology
Wednesday, November 17
4:00 p.m. to 5:30 p.m.
Room C220
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

FINANCE SEMINAR
Topic to be announced. Antoinette Schoar, Massachusetts Institute of Technology
Thursday, November 18
4:10 p.m. to 5:40 p.m.
Room C210
For more information, contact June Wong at june@haas.berkeley.edu.

INSTITUTIONAL ANALYSIS WORKSHOP
Steve Tadelis, Stanford University
Thursday, November 18
4:00 p.m. to 6:00 p.m.
Room C325
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

SHANSBY MARKETING SEMINAR
Duncan Simester, Massachusetts Institute of Technology
Thursday, November 18
4:00 p.m. to 5:30 p.m.
Room C250
For more information, contact Laura Gardner at Lgardner@haas.berkeley.edu.

Alumni Events

SOUTHERN CALIFORNIA ALUMNI
Discover Cal Lecture Series
Tuesday, November 9
6:00 p.m. to 9:00 p.m.
Skirball Cultural Center, Los Angeles
Come listen to Severin Borenstein, E. T. Grether Professor of Business Administration and Public Policy at the Haas School of Business and director of the University of California Energy Institute, and Daniel M. Kammen, founding director of the Renewable and Appropriate Energy Laboratory, discuss “Fueling the Future: The Cost of Oil Dependence and the Prospects for Alternatives.” Also, meet U.C. Berkeley’s new chancellor Robert J. Birgeneau, former president of the University of Toronto and former dean of the School of Science at the Massachusetts Institute of Technology.
For more information, visit www.urel.berkeley.edu/socal/ or call (888) UNIV-CAL.

NEW ENGLAND ALUMNI
Forecasting the Post-Election Economy: a Lively and Informative Panel Discussion
Tuesday, November 16
6:30 p.m. to 8:30 p.m.
One Financial Center, Suite 1802, 655 Atlantic Avenue, Boston
Register online: www.acteva.com/go/HaasNewEngland.
Cost: $30 in advance, $40 at the door. Hors d'oeuvres and cash bar.
What direction will the US economy take after the election? Join us for a timely discussion on the prospect of our economy for the next four years.
For more information, contact Celine Pan at 617-283-1562 or Lynne Levesque, MBA 77, lynnelevesque@cs.com.

ALL ALUMNI

Big Game BBQ
Saturday, November 20
10:30 a.m. to 12:30 p.m.
Join fellow Haas Alumni for the school’s traditional pre-game BBQ. Live music will be provided by the Mobile Homeboys, a band that began at the 1994 Haas MBA Talent Show. Then it is off to Memorial Stadium to watch the Golden Bears play football against Stanford University.
Register online by November 17: www.acteva.com/go/haasalumni
For more information, contact the Alumni Relations Office at 510-642-7790.