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Haas NewsWire, December 2, 2002

Peter Jennings to Speak at Pearce Leadership Initiative, Dec. 4
Faculty Profile: Associate Professor John Morgan Sheds New Light on Internet Pricing
Technology Management Courses See Major Gains Despite Tech Bust
Berkeley MBA Team Wins National Real Estate Challenge at UT Austin
Haas Offers Course on Financial Reporting for Non-Accounting Professionals
Join in the Fun at the Haas Holiday Party
Haas Gear Makes the Perfect Holiday Gift for Students and Alumni
Design Change for California Management Review
UC Berkeley Business Plan Competition Off to a Strong Start
Hands-On Learning Spotlighted at the New Product Tradeshow
Faculty News
New Staff
Haas in the News
Happening at Haas

Haas NewsWire Archive
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There are only two days left to get tickets to hear Peter Jennings, the anchor and senior editor of ABC News' World News Tonight and co-author of the new book In Search of America, at the inaugural event of the Pearce Initiative for Leadership Development lecture series this Wednesday, December 4.

The event will be held in Zellerbach Hall on the UC Berkeley campus at 7:00 p.m. Admission is free, but pre-registration is required. Seating is limited and will be assigned on a first-come, first-served basis. Haas School students can pick up tickets through their respective degree program offices. Faculty, staff, alumni, and friends may still register online at http://haas.berkeley.edu/pearce.

The lecture will be moderated by Terry Pearce, leadership and communications lecturer at the Haas School. David Pottruck, co-CEO and president of Charles Schwab & Co., will give a special introduction. The Pearce Initiative for Leadership Development is named after Terry Pearce, a veteran communications consultant, business executive, and author.

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Conventional wisdom has it that competition and transparency made possible by the Internet will allow only low-price firms to survive. However, John Morgan, who joined the Haas School this fall as associate professor in Economic Analysis & Policy, has found that price dispersion on the web is driven more by the incentives of intermediaries-the so-called information gatekeepers-than by the forces of perfect competition.

Morgan has followed price dispersion trends in homogeneous markets on the Internet since 1998, when he was assistant professor of economics and public policy at Princeton University's Woodrow Wilson School. He has since held a one-year fellowship at the Hoover Institution at Stanford University before arriving at the Haas School this fall.

Morgan has found that comparative shopping web sites, such as Shopper.com, have an incentive to encourage price dispersion in order to justify their existence. As a result, the fee structures for the vendors who are paying to display their products on these comparative sites encourage price differences for identical products. He also found that price dispersion depends on the "thickness" of the market. That is, the more sellers in a market, the less dispersion there is, and vice versa.

To make these findings publicly available, Morgan has created a web site, together with two researchers at Indiana University, Professor Michael R. Baye and Ph.D. student Patrick Scholten, who study the same subject. Their site offers an up-to-the-minute index of price fluctuations on the Internet, including Internet competitiveness, price gap, market thickness index, relative dispersion, price range, and value of information.

The web site is available at: http://www.nash-equilibrium.com.

"The web site really adds to the body of scholarly research by making data sets available in the real world," says Morgan. "It could be a useful resource for e-commerce vendors, public policy makers, and researchers alike."

When Morgan is not studying price dispersion on the Internet, he examines the flow of information in an organization. "There is an increasing division of labor between those making the decisions and those with specialized knowledge," says Morgan. "Designing information flows between decision makers and experts is obviously tremendously important in today's economy."

"Balance pays," concludes Morgan. Since it is safe to assume that all advisors have their own agendas or incentives, Morgan found the most effective advisory committee to consist of two individuals with opposite views and equally limited loyalty to the CEO. The competition between the two creates a greater flow of information.

If there is only one advisor, Morgan has found that a face-to-face interaction, as opposed to a written report, is most beneficial. The input from the decision maker, even if he/she has no additional knowledge to offer the advisor, creates ambiguities that encourage greater information exchange.

In all his research Morgan has found great value in testing economic principles in lab experiments. "Experiments have increasingly become an important tool to evaluate policy suggestions to solve social policy problems, such as the selling of spectrum rights through auctions, because economic theories have been imperfect predictors of human behavior," he says. "We don't know when we get it right and when we don't. It behooves theorists to test their theories in lab experiments."

Morgan received his undergraduate degree in economics from the Wharton School at the University of Pennsylvania and his Master's and Ph.D. from Pennsylvania State University. His dissertation dealt with auctions, lotteries, and contracts.

Morgan and his wife, Heather, are originally from back east, but they and their baby boy, Aidan, had a chance to test-drive life in the Bay Area while Morgan worked at Stanford. On a balmy Valentine's Day hike in the peninsula hills, with the Bay Area to the east and the Pacific to the West, the young family decided that this would be home. To keep east coast relatives in the loop, Aidan has his own web site, complete with pictures, an activity log, and family news.

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Despite the last two years' downturn in the tech industry, graduate student interest in technology management courses at UC Berkeley continues to grow, capping a steady growth for the previous 10 years. For the last two years enrollment has grown at some 20 percent a year.

Technology management courses at UC Berkeley are offered through the interdisciplinary Management of Technology (MOT) program, a partnership between the Haas School of Business, the College of Engineering, and the School of Information Management and Systems (SIMS).

MOT is the single largest interdisciplinary program on the Berkeley campus as measured by class enrollment, reporting 1,186 course enrollments in 2001-2002 -- an increase of 19 percent over the previous year. During the fall 2002 semester alone, nearly 700 students enrolled in MOT classes.

Compared with two years ago, MOT course enrollments by engineering and SIMS students have increased by 88 percent and 72 percent, respectively. Haas School enrollments in MOT courses are holding steady from the high of two years ago.

"That Haas enrollments are essentially unchanged compared to the technology boom year of 1999-2000 implies that MBA students continue to find value in technology management training in spite of the tech recession," said Professor Robert Cole, the Haas School's faculty director of MOT.

"Haas MBA students continue to seek management of technology skills whether they are bound for high-tech start-ups or mainstream companies," said Cole, adding that there is also unmet demand in areas such as biotech, where additional course offerings are planned. "It is clear that technology management skills are critical to mainstream companies as they face a continuing need to better incorporate technology into their strategy and operations."

Cole also praised MOT's Executive Director Andrew Isaacs for continuing to bring vitality and new ideas to the program. Said Cole, "Besides teaching two of MOT's most popular courses, Drew Isaacs has promoted MOT in the local and international business communities, brought Silicon Valley leaders to the Berkeley campus, and brought in gifts and endowments to expand the program as well as fellowships and internships for our students."

The MOT faculty's ability to take a leadership role in creating many new courses and engaging instructors who are knowledgeable in cutting-edge technology management issues is a strong factor in the program's popularity. In 2002, four new MOT courses were added:

  • Information Technology Strategy
  • Managing Intellectual Property
  • Entrepreneurship in Biotechnology/The Business of Biotechnology
  • Tangible Technology: Crafting the Ubiquitous Experience

Cole will retire from his Haas faculty position as of January 1, 2003. However, he will continue to serve as faculty director of MOT and advise universities in Japan and elsewhere on establishing similar programs.

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A team of six Berkeley MBAs won first place at the inaugural national Real Estate Challenge at the University of Texas, Austin, sponsored by Goldman Sachs, JP Morgan Chase, Merrill Lynch, Bear Stearns, and Wells Fargo, on November 15.

Goldman Sachs provided the case for the competition, which was based upon a genuine real-estate transaction. The teams had to develop proposals based on a potential acquisition, repositioning, and eventual disposition of a luxury hotel and golf-course resort in Mexico. The students were given two days to work on the case before flying to Texas and making their 20-minute presentations to a panel of judges drawn from the investment banking, commercial lending, and real estate development communities.

The competition attracted 12 teams from the nation's leading business schools for the preliminary round, including Berkeley, Harvard, Stanford, Wharton, Kellogg, Cornell, UCLA, Michigan, Chicago, NYU, Columbia, and UT Austin. The Berkeley team won out against Harvard and UT Austin teams in the final round, taking home the $5,000 cash prize.

Professor Nancy Wallace attended the competition and commented that the Haas team really dominated the competition. "The team's presentation was very effective and their solution strategy demonstrated a sophisticated understanding of the underlying contractual problems, capital market requirements, and currency hedging issues," said Wallace. "The team also included a very creative way to reposition the asset. Todd Williams from Goldman Sachs, a judge for the competition, commented that the Berkeley team '...hit all the key points and represented Berkeley very well.'"

The Haas School of Business was represented in the challenge by William Crowley (MBA 03), Kenneth Lee (MBA 03), Jamin Seid (MBA 03), Kristina Wollan (MBA December 03), Steven Sims (MBA 04), and Martin Healey (MBA 04). Professor Nancy Wallace acted as faculty advisor to the team.

This win is the latest in a string of victories by students in the Haas School's real estate program. Previous successful competitions included the NAIOP Challenge and the Bank of America Low Income Housing Competition.

The Fisher Center for Real Estate and Urban Economics sponsored the team and covered its travel expenses to Austin.

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The Haas School's Center for Financial Reporting and Management (CFRM) will be offering a second session of its intensive course, "Issues in Corporate Financial Reporting," for non-accounting professionals in January 2003. The course teaches professionals from different fields the skills necessary to understand and analyze complex financial statements and transactions.

The second session was added in response to strong feedback from the attendees of the first session taught in August of 2002, which drew enrollment by business journalists, securities analysts, and corporate officials. The course will be offered again on January 13, 2003 from 8:30 a.m. to 5:00 p.m. and on January 14, 2003 from 8:30 a.m. to 12:45 p.m. at Haas.

Associate Professor Sunil Dutta, who holds the Egon and Joan von Kaschnitz Distinguished Chair of Accounting and International Business, and Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting and the director of CFRM, will teach the course.

Dutta's research has focused on firms' disclosure policies and their valuation in capital markets as well as managerial performance measures. Trueman, who was the chair of the Haas School's accounting group for the last seven years, has been serving as an expert in the national media in the areas of accounting, earnings announcements, and managerial disclosure decisions.

Using illustrations derived from actual companies, Dutta and Trueman will explore many of the ways in which a firm's financial statements can be managed so as to present the firm's financial situation in the best possible light. They will also provide guidance on how to adjust those statements to better reflect the company's true financial health. The emphasis throughout the day and a half will be on the analysis, rather than the preparation, of financial statements.

The course fees are $995.00 per person and $695.00 for additional registrants from the same company. For alumni of the Haas School of Business, there is a special rate of $695.00 per registrant. The course counts for 10.5 hours of CPE credit. For more information about the course, please visit the CFRM website at http://www.haas.berkeley.edu/accounting/cfrm/conferences/. To register contact CFRM at (510) 642-6334 or email: cfrm@haas.berkeley.edu.

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Haas School faculty and staff are invited to celebrate the season at the annual Haas Holiday Party on Friday, December 13, in the Bank of America Forum. Festivities begin at 3:00 p.m. and will feature live entertainment along with Californian, Italian, and Indian cuisine from three different caterers.

The bakers among the faculty and staff are encouraged to showcase their baking talents in the 2nd Annual Haas Holiday Party Bake-Off. While this year the bake-off is not a contest, the homemade baked goods are a welcome addition to the desserts that will be provided by the caterers. If you would like to bring something, please contact Pam Weston at weston@haas with your name and type of dessert so space can be set aside.

A "Toys for Tots" bin will be set up for the party for donations of new, unwrapped toys. For more information on Toys for Tots, visit http://www.toysfortots.org/2002/.

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Looking for the perfect holiday gift to share your Haas School pride with family and friends? Stop by the Haas Gear store to check out the eighteen new items bearing the Haas School/Berkeley logo that have just been added to the already large selection of Haas School apparel, mugs, stickers, and more.

Also, for a short time the store is carrying the Haas holiday card, which features an illustration of the Haas School.

To shop in person before the winter break, come by the store at S545 in the Student Services Building between 10:00 a.m. and 4:00 p.m. before Friday, December 20. If you can't make it to campus to visit the store, the Haas Gear web site (http://store.yahoo.com/haas-store/index.html) is a great alternative. The Haas Gear site is the best place online to get Haas clothing, glassware, posters, and more. For guaranteed Christmas delivery, online orders need to be made by December 10.

A portion of the profits from the sale of Haas Gear support the MBA Association and the Haas Business School Association, the student body associations of the Haas School.

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California Management Review (CMR), the Haas School's journal for management practitioners, underwent a major design change this summer to enhance both the magazine's visual appeal and readability. The new design is showcased on the most recent fall 2002 issue of the journal.

The new design is the most significant redesign the CMR has ever undertaken, sporting a color illustration on the cover and a more approachable type treatment and layout on the inside to make the review more engaging and more accessible to the academic and business communities.

"We are very pleased with the new design," says David Vogel, the George Quist Professor of Business Ethics who has served as the editor of CMR since 1982. CMR's editorial staff members Gundars Strads and Kora Cypress spearheaded the new look and helped shape the design changes.

The design was created by the Berkeley design firm Cuttriss and Hambleton and new full-color cover illustrations will be provided by Dave Cutler whose previous clients include CFO, CIO, Dunn & Bradstreet, Forbes, The Los Angeles Times, and The New York Times.

To receive a complimentary copy of the redesigned CMR, e-mail cmr@haas.berkeley.edu. For subscription information, please visit http://www.haas.berkeley.edu/news/cmr/ or call 510-642-7159. Current Haas students can obtain complimentary copies in the student lounges and program offices or by just stopping by CMR's office at F501.

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While the UC Berkeley Business Plan Competition teams work to perfect their executive summaries, competition organizers have been pounding the pavement, securing vital sponsorships for the competition in the spring.

This month, organizers secured sponsorship commitments from Allegis Capital and TechStock Ventures for the competition. This year's largest sponsor thus far, Allegis Capital, is a Silicon Valley-based seed and early-stage venture capital firm. Allegis is a repeat $25,000 sponsor for 2003, and has been vital to the success of the Business Plan Competition for two years now.

"The venture business is driven by the successful combination of technical innovation and entrepreneurial excellence," says Bob Ackerman, managing director and co-founder of Allegis, "The Berkeley Business Plan Competition uniquely combines the creative outputs of one the world's leading research centers with pragmatic business planning. The competition is focused on real businesses - this is not an intellectual exercise."

A new sponsor this year, TechStock Ventures is a newly formed venture capital firm specializing in seed and early-stage investments in technology and life science industries. "UC Berkeley has long been known for its excellent quality of students and its commitment to entrepreneurship," says TechStock's Samir Ajmera. "We hope to support this tradition by helping the participating teams build a strong foundation for their companies."

The competition begins in earnest in January, when the executive summaries are due. Finalist teams will compete in April for thousands of dollars in cash prizes, and for exposure to venture capital firms. Previous entrants and winners to the UC Berkeley Business Plan Competition have raised over $110 million in venture capital financing through the five-year history of the competition.

The first deadline for the 2003 competition is Friday, January 24, 2003 when executive summaries are due to the Haas School's Lester Center for Entrepreneurship & Innovation. More information on the competition can be found at http://groups.haas.berkeley.edu/bplan/.

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Teams of business, engineering, and information management students spent the semester learning about new product development by doing it, and now they are ready to share their prototypes with the Cal community.

All of the products developed as part of the "Managing the New Product Development Process: Design Theory and Methods" course will be on display at the New Product Tradeshow on Saturday, December 14. The tradeshow will be from 12:30 p.m. to 3:30 p.m. in the Wells Fargo Room. The event is free and open to the public.

The cross-disciplinary teams in this course are comprised of Berkeley graduate students from business, engineering, and the School of Information Management and Systems as well as design students from the California College of Arts and Crafts. The student teams bring knowledge from their respective fields to the development process, creating teams that can manage all aspects of product development, from conception to design to marketing. The course is part of the Management of Technology program, and is offered jointly by the College of Engineering, the Haas School, and the School of Information Management and Systems.

Haas Senior Lecturer Sara Beckman and mechanical engineering professor Alice Agogino taught the class jointly this semester. The students' work has been supported with coaching time from IDEO, Point Forward, Lifescan (Johnson & Johnson), Bayer, Lunar, Cheskin Research, Sun Microsystems, SGI, Gingko Design, Lunar Design, Philips Design, and Inventures.

This year's products include:

  • Revolutionary Advanced Tracker (R.A.T.): A productivity-enhancing computer input device.
  • Thermal Sense: A labeling system visually indicating time/temperature history and freshness.
  • Check it!: Allows users to remotely determine whether or not they have locked their door.
  • Dog Safety in Cars: Harnesses dogs for car rides to ensure the safety of all in the vehicle.
  • Easy Measure Spice Dispenser: Easily measures exact amount of spice needed for cooking.
  • Team Ice Cream: Super premium packaging design keeps ice cream fresh.
  • No Stink Trash & Recycling: Neatly separates recyclables from trash for easy disposal.
  • Paper Organizer: Simplifies organization of papers for students in multi-class settings.
  • Remote Crew Coach: Real-time interface that reports rower performance.
  • Ergonomic Laptop Bag: For travelers who want to work on the run.
  • SwissArmy Backcountry Shelter: Integrated tent and trekking pole to lighten the load.

For more information, contact the faculty: Alice Agogino at 510-642-6450 or e-mail aagogino@euler.berkeley.edu or Sara Beckman at 510-642-1058 or e-mail beckman@haas.berkeley.edu.

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Kellie McElhaney, executive director for SRBL Initiatives, adjunct assistant professor, and the Whitehead Distinguished Fellow in Corporate Responsibility, will give a presentation on sustainable business at the United Nation's Annual Global Compact Learning Forum Meeting, which takes place in Berlin on December 12 and 13, 2002.

As a member of the United Nations Global Compact Academic Network, McElhaney was commissioned by the network along with Natalie Hill, a fellow of the Human Rights Center at UCB, and Mike Toffel, a Haas doctoral student, to conduct research on sustainable business processes. The research turned into a case study, entitled "Sustainability Management at Designworks/BMW Group," which has been submitted for publication in the Stanford Social Innovation Review for 2003.

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The Cal Career Center at UC Berkeley recently expanded its career counseling resources for undergraduate business majors by hiring two career counselors.

Christina Lee joined the Cal Career Center as a career counselor and will work with undergraduate business students and with students interested in international careers. She holds a BA in political science from UC Berkeley and a MS in counseling with college and career emphases from San Francisco State University. Christina Lee can be reached by phone at 643-4296 or via e-mail at leec@uclink.berkeley.edu.

In August Dara Ziegelmeier succeeded Pat Riegg, who recently retired, in providing career counseling and job search advising services to undergraduate business majors. Dara holds a BA in psychology and a MS in counseling form San Francisco State University. Dara Ziegelmeier can be reached by phone at 642-3363 or via e-mail at daraz@uclink.berkeley.edu.

Their offices are located in the Cal Career Center, 2111 Bancroft, on the second floor.

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A study by Terrance Odean, assistant professor in the Finance Group, on investor behavior was featured in BusinessWeek on December 2 in the article, titled "Beware of Noise."

Terrance Odean was extensively quoted on investor behavior in Canada's Toronto Star on November 28 in the article, "Overconfident stock traders pay stiff price for their pride." Read the full article at http://www.thestar.com/NASApp/cs/ContentServer? pagename=thestar/Layout/Article_Type1&c=Article&cid=1035774884230& call_pageid=968350072197&col=969048863851.

Brett Trueman, the Donald and Ruth Seiler Professor of Public Accounting, commented on the effects of the Financial Accounting Standards Board's new guidelines for financial statements in the following news sources:

  • The Washington Post on November 26. Read the full article, titled "Rules on Guarantees Tighten," at http://www.washingtonpost.com/wp-dyn/articles/A38761-2002Nov25.html.
  • The San Jose Mercury News on November 26. Read the full article, titled "FASB approves new disclosure rules," at http://www.bayarea.com/mld/mercurynews/business/4607875.htm.

Kenneth Rosen, the California State Professor of Real Estate and Urban Economics, remarked on the possibilities of a housing market decline for 2003 in The Contra Costa Times on November 26 in the article, "Economist: home prices may fall." Read the full article at http://www.bayarea.com/mld/cctimes/business/4608548.htm.

Brett Trueman commented on the high-tech companies' losing battle against reporting stock options in The Boston Globe on November 25. Read the full article, titled "War over stock options heats up," at http://www.boston.com/dailyglobe2/329/business/War_over_stock_options_heats_up+.shtml.

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, remarked on the effects of California's plan to deregulate the electricity market in The Christian Science Monitor on November 25. Read the full article, titled "California, energy, and foul play," at http://www.csmonitor.com/2002/1125/p01s04-usju.html.

The Haas School of Business was mentioned in The Indiana Digital Student on November 25 in the article, "Breaking New Ground." Read the full text at http://www.idsnews.com/story.php?id=13400.

The joint Berkeley-Columbia Executive MBA program was mentioned in the Financial Times on November 25 in the article, "Programs Take Global Perspective: It's All in the Name."

A study by James Wilcox, the Kruttschnitt Family Professor of Financial Institutions, was featured in the Credit Union Journal on November 25 in the article, "Study Urges Subordinated Debt Options For CUs As One Means To Grow." The Filene Research Institute published the study, titled "Subordinated Debt for Credit Unions."

Marjorie DeGraca, director of Part-Time MBA Admissions, commented on the Haas School's Evening & Weekend MBA program in the Financial Times on November 25 in the article, "Part-time MBAs are a Sacrifice: Work Patterns Set Requirements for Programs."

A paper by Andrew Rose, the Bernard T. Rocca Professor of International Trade, was featured in The Economist on November 23 in the article, "Weighing up the WTO - Does the WTO do Any Good?"

An Op-Ed by Paul Krugman in the New York Times on November 22 mentioned a study by David Levine, professor in the Economic Analysis and Policy Group, in the article, "The Sons Also Rise." Read the full text at http://www.nytimes.com/2002/11/22/opinion/22KRUG.html.

Kenneth Rosen commented on the chances for a full-blown recession in late 2002 and 2003 in The Business Review (New York) on November 22. Read the full article, titled "Forecasters Stumped on Outlook for Stock Market, Economy," at http://albany.bizjournals.com/albany/stories/2002/11/25/focus1.html.

Jennifer Chatman, the Paul J. Cortese Distinguished Professor of Management, wrote an article, titled "Culture of Growth," based on her research on leadership and culture in the workplace, of the Financial Times. The article was published in the Financial Times' European edition on November 22.

Hal Varian, professor in the Operations and Information Technology Management Group and dean of the School of Information Management and Systems, wrote an article for The New York Times, published on November 21, titled "The Fed Trounces the Private Sector in Crystal-Ball Gazing." He talked about the Federal Reserve's projections for the future of the nation's economy. Read his full article at http://www.nytimes.com/2002/11/21/business/21SCEN.html? pagewanted=print&position=top.

The Financial Times published a Letter to the Editor on November 21, titled "Wrong Test Applied to Trading System," as a response to an earlier article about Andrew Rose's study of the WTO.

David Aaker, the E.T. Grether Professor of Marketing and Public Policy, was quoted in The Economic Times of India on November 20 in the article, "Is Advertising Dead?"

The Financial Times published a Letter to the Editor on November 20 in response to the article, "A free trade club without benefits," which highlighted a study by Andrew Rose.

Severin Borenstein commented on the possibilities for California to prove that it deserves higher refunds from power suppliers in the Dow Jones Business News on November 20 in the article, "California Gets Chance to Argue for Higher Power-Cost Refunds."

Kenneth Rosen was mentioned in the following news sources on November 20 regarding Bay Area housing prices:

  • Silicon Valley/San Jose Business Journal: Read the full article, titled "Foundation of Bay Area's High Home Prices Found," at http://sanjose.bizjournals.com/sanjose/stories/2002/11/18/daily52.html.
  • San Francisco Business Times: Read the full article, titled "S.F. Lot Values Cause Highest Prices in U.S.," at http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2002/11/18/daily40.html.

    David Levine commented that winners in any commodity business offer a comparative advantage in the Commerce Times on November 19. Read the full article, titled "Technology Recession Pushes Computer Giants into Slugfest," at http://www.ecommercetimes.com/perl/story/20029.html.

    Former dean Laura Tyson was featured in The Economic Times of India on November 19 in the article, "Business Inc: The B-school as a Global Village." Read the full article at http://economictimes.indiatimes.com/cms.dll/html/comp/articleshow?artid=28792836.

    Real Estate Development Professor Robert Edelstein appeared on NPR's Morning Edition on November 18 in the segment, titled "Housing Market Shows Signs of Slowing." Edelstein commented on San Francisco housing prices and rental markets. Hear the full feature at http://discover.npr.org/features/feature.jhtml?wfId=845943.

    Robert Gleeson, executive director of the Berkeley-Columbia Executive MBA program, was quoted in an article in the Daily Californian titled "Berkeley, Columbia Join Forces in MBA Program," on November 18. The article also quoted Haas undergraduate student Pavneet Singh. Read the full text at http://www.dailycal.org/article.asp?id=10241.

    Pablo Spiller, the Joe Shoong Professor of International Business and Public Policy, appeared in AmericaEconomía, Latin America's first business magazine, on November 15 in the article, "Mal Negocios" ("Bad Business"). Spiller spoke on the international climate of political corruption in Latin America. Read the full article in Spanish at http://www.americaeconomia.com/PLT_SearchResultArti.asp? SessionId=&Language=0&Section=1&Content=9208&Modality=0&DateView=& NamePage=PLT_SearchResultArti.asp.

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    • Policy in the Information Age: The Model of Finland vs. Silicon Valley by Pekka Himanen, director of the Berkeley Center for the Information Society
      Monday, December 9
      4:00 p.m. to 6:00 p.m.
      Cheit Hall 135
      Haas School of Business

    • Fisher Center for the Strategic Use of IT invites all of the Haas School to this seminar to introduce the newly established Berkeley Center for Information Society and its director Pekka Himanen. The talk analyzes the Finnish model of information society that has generated a globally leading telecommunications industry (Nokia etc.) and is also at the leading-edge in the open-source software (Linux etc.). Dr. Pekka Himanen is the Director of the Berkeley Center for the Information Society. His works include The Hacker Ethic and the Spirit of the Information Age (translated into 15 languages) and The Information Society and the Welfare State: The Finnish Model with Manuel Castells (Oxford University Press). Himanen obtained his Ph.D. at the University of Helsinki and has since then carried out research, and lectured in numerous institutions, in Europe, Asia and the United States. The event will be hosted by Pablo Spiller, J. Shoong Professor of International Business & Public Policy.

    • Haas School Holiday Party
      Friday, December 13
      3:00 p.m. to 5:00 p.m.
      Bank of America Forum

      Ph.D. Seminars

      "Low Performance and Risk Taking in Organizations: An Examination of Competing Predictions" by Pino Audia, assistant professor, Haas School of Business
      Wednesday, December 4
      4:00 p.m. to 5:30 p.m.
      Room C135
      For more information contact Deborah Houy at houy@haas.berkeley.edu.

      "Private Politics: A Theory of Boycotts" by David Baron, Graduate School of Business, Stanford University
      Thursday, December 5
      4:00 p.m. to 5:40 p.m.
      Room C110
      For more information contact Anita Stephens at stephens@haas.berkeley.edu.

      "Entrepreneurial Spawning: Public Corporations and the Genesis of New Ventures, 1986-1999" by David Scharfstein, MIT
      Thursday, December 5
      4:10 p.m. to 5:40 pm
      Room C220
      For further information, contact June Wong at Thursday, December 5
      3:30 p.m. to 5:00 p.m.
      Room C230
      For further information, contact Gary Low at

      Alumni Events

    • Haas Alumni Network of New England
      "Surviving the Dot-Com Debacle" moderated by Professor Henry Chesbrough, Ph.D. 97
      Tuesday, December 3
      6:30 p.m. to 9:00 p.m.
      The discussion will explore the lessons, best practices, and new business methods and models that have emerged as a result of the rapid and intense changes compelled by the dot-com boom and subsequent crash.
      Union Club, 8 Park Street (between Beacon & Tremont), Boston, Mass.
      Parking is available at the Center Plaza garage (corner of Beacon and Cambridge Streets), for $7 after 4 PM.
      RSVP to http://www.haas.berkeley.edu/alumni/ne_event
      The seminar and discussion is open to all at a cost of $35 per person, $40 at the door.
      For more information, contact Karen O'Brien at karen_obrien@usa.net; Lynne Levesque at llevesque@hbs.edu; or Stevie Park at steviepark@earthlink.net.

    • Stanford Women's Club of the East Bay Luncheon Program
      "Search for Meaning: The Stages of Spiritual Development" by Stanford's Dean for Religious Life Scotty McLennan Tuesday, December 3
      11:30 a.m. to 12:15 p.m. social/no-host bar
      12:15 p.m. to 2:15 p.m. lunch/program/Q&A/book signing
      Haas School alumni are invited to this Stanford Women's Club event.
      Scotty McLennan is an example of someone who has followed the road less traveled on his own spiritual journey, which last year resulted in his appointment as Dean for Religious Life at Stanford. His book, "Finding Your Religion: When the Faith You Grew Up With Has Lost its Meaning" will be available for purchase. Please reserve early for this special program.
      Orinda Country Club, Fairway Lounge, 315 Camino Sobrante, Orinda, 925-254-4313
      The cost is $32.00 per person.
      For more information contact Sue Houfek at 510-653-9287.

    • "90 Degrees of Separation"
      Sponsored by the South Bay Chapter of the Haas Alumni Network
      Thursday, December 5
      6:30 p.m. to 9:00 p.m.
      A career panel event for people with serious career moves in mind. Come and explore a variety of career paths that will be presented by practitioners with years of experience:
      Attendance is limited to 45 people.
      Lucie Stern Community Center, 1305 Middlefield Road, Palo Alto CA 94301
      Cost is $15 per person.
      Please register online at: http://www.mollyguard.com/event/3368074
      Advanced registration is required.
      Please contact the HAN South Bay Chapter at han_sb@attbi.com for more information.

    • First Annual MBA Holiday Mixer
      Tuesday, December 10
      6:30 to 9:30 p.m.
      Sponsored by the Wharton Club of Southern California for members of the MBA Alumni Alliance of Southern California (MAASC)
      Haas School alumni are invited to this event.
      The Continental, hip Beverly Hills martini bar owned by Matt Damon and Ben Affleck at 8400 Wilshire Blvd. (Los Angeles) Cost: $5 (cash bar)
      In the spirit of the season, we are scaling back the costs typically associated with these events, and instead, we are asking as many of you as possible to bring a toy to donate to Toys-For-Tots. A toy donation is optional, but we would like to help as many children as possible enjoy an extra special holiday season. Cash appetizers are available from the fabulous menu, which boasts American cuisine with an Asian flare.
      Directions are available at www.continentalbar.homestead.com.
      RSVP and pay online at http://www.whartonsocal.com/MS/Public/Events/Info.asp and click on the MBA Holiday Mixer.
      Please direct any questions to Lara Koslow at lara.koslow.wg00@wharton.upenn.edu.

    • CAL Berkeley Alumni gathering at the Bank (Brussels)
      Tuesday, December 10
      8:00 p.m.
      There will be a Cal Berkeley Alumni gathering at The Bank at 8:00pm the second Tuesday of every month.
      The Bank: Rue du Bailli 79, 1050 Brussels. Four blocks from Avenue Louise near Place du Chatelain.
      For more information, contact Carla Feely, MBA 2000, at carlafeely@yahoo.com.

    • Blue House Wines - Winter Wine Wonderland
      Holiday Fundraiser for Kids
      Wednesday, December 11
      7:30 to 10:00 p.m.
      Haas School alumni are invited to this event.
      Blue House Wines Present a Winter Wine Wonderland - Sparklers, Reds, and Sweets Hop on a sleigh ride with Blue House Wines (aka the Wolverine Wine Club) as we take guests through a Winter Wine Wonderland. Our virtual tour will offer 8 great Holiday wines. We will have hosted tables promoting our favorite Sparkling Wines, Party-Reds, and Port/Desert Wines so you're sure to find that special little bottle to be used for stocking stuffers this year.
      Learn a little, live a little - celebrate the Holidays with a wine club serving both naughty and nice. A portion of every ticket will be given to the Toys for Tots Foundation.
      SPECIAL THANKS to our sponsors: The University of Michigan Business School Bay Area Club, digitalMBAs, Haas School of Business Bay Area Alumni Network, and the Columbia Business School Bay Area Alumni Network.
      Location: Pasta Pomodoro, 1885 Union St (at Laguna) in San Francisco, CA - the Garden Room in back Price: $33.75/person - $5 or more will go to charity. Tickets are limited and selling out is guaranteed to happen so act quickly. Sign up through:
      No tickets will be sold at the door - they MUST be purchased in advance on-line.
      Please feel free to bring additional Toys for the needy children of the Bay Area. Happy Holidays!

    • Want to Make Your Website More Effective? -- Tour Fidelity's State-of-the-Art Web Usability Lab
      Haas School alumni are invited to this event.
      Thursday, January 16
      6:15 to 9:30 p.m. (First tour starts at 6:45 p.m.)
      Come tour Fidelity's Usability Lab and learn:
      • Why usability is strategically important in today's eBusiness world
      • Why you should consider usability testing to improve the ROI on your Web investment
      • How you can improve your Website -- 12 lessons learned from Fidelity's Usability Testing
      • Why you should examine how your website is used by senior citizens
      Our host will be Thomas S. Tullis, PhD, Senior VP, Human Interface Design at Fidelity Investments. Fidelity is regarded as a model for an effective web usability strategy. Tom Tullis was featured in an October 2002 article on Usability in Business 2.0 Magazine (http://www.business2.com/articles/mag/0,1640,43537,FF.html) and is currently teaching a course in usability at Bentley College.
      Place: Fidelity Investments 245 Summer St. Boston. Sign in at the front desk and you will be directed to the lab.
      Price: $15 SCB and partner club members, $25 nonmembers, $10 for current MIT/Sloan students with student identification. An additional $5 charge for registering the day of the event. Price includes soft drinks, hors d'oeuvres and networking.
      Registration is limited to 40, first come, first served.

    • Monthly 3rd Tuesday Networking Happy Hour
      Tuesday, January 21
      6:30 to 9:00 p.m.
      Place to be determined.
      Price: cash bar, no cover
      The Sloan Club of Boston invites Haas School alumni to their monthly 3rd Tuesday networking happy hour, held at various venues in Metro Boston. Send e-mail to tamara.kett@paconsulting.com to: RSVP for the each Happy Hour;
      subscribe to the SCB Networking Happy Hour email list for invitations to future events; and, give feedback on new locations.

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