Members of the UAE Happiness Initiative
The United Arab Emirates is about to get happier. Using research into the science of happiness and positivity by UC Berkeley Psychology Professor Dacher Keltner, the UAE has partnered with UC Berkeley Executive Education and The Greater Good Science Center to create a more positive workforce and, ultimately, a happier country. Sixty “Chief Happiness and Positivity Officers,” who were appointed by the UAE Prime Minister’s Office, are being trained by a cross-section of Haas and UC Berkeley faculty experts in the areas of business, psychology, leadership, and public policy on topics including mindfulness, creating metrics around happiness and positivity, and leading happy people and organizations. The training and development program, which will be taught in both Dubai and Berkeley, supports a five-year initiative by Prime Minister Mohammed bin Rashid Al Maktoum.
California Management Review has published numerous new cases (cases.haas.berkeley.edu) by Haas faculty, including examinations of Google and Niantic Labs (by Lester Center Founding Exec. Dir. Emeritus Jerome Engel); Levi Strauss & Co. and Patagonia (both co-written by Center for Responsible Business Exec. Dir. Robert Strand); Virgin America (by Exec. Dir. of Emerging Initiatives Adam Berman and Lecturer Frank Schultz); Sanergy (by Visiting Faculty Jennifer Walske and Prof. Laura Tyson); Genentech (co-written by Senior Lecturer Homa Bahrami); and Disruption in Detroit: Ford, Silicon Valley, and Beyond (by Lecturer Ernest Gundling).
Just how successful are Berkeley-Haas alumnae entrepreneurs? According to research firm PitchBook, female startup founders who earned their undergrad degree from Haas were #2 in securing venture capital, tied with the University of Pennsylvania. In all, 104 Haas women founders were backed by VC funding. Stanford took the top spot with 125. Harvard came in fourth with 100. According to the data, since 2010, 430 undergrad alumnae from these four universities have started 418 companies and have raised more than $5.3 billion in total venture capital.
The Berkeley Master of Financial Engineering (MFE) Program is #1—x2. The program came out on top recently in two major rankings of U.S. financial engineering programs: the TFE Times, which is based on mean GRE/GMAT scores, starting salary and bonuses, undergrad GPA, acceptance rate, and employment outcomes, and Quantnet, a financial engineering website. In the Quantnet ranking, Haas tied for #1, up from #2 last year.
North Academic Building
Construction on the new North Academic Building is almost ready to move to the interior. Weather depending, the building is slated to open in late spring. Check out the progress on the live webcam: haas.org/NorthAcademicBuilding.
Profs. David Teece and Ross Levine
Profs. David Teece and Ross Levine each achieved an important milestone, according to Google Scholar: more than 100,000 citations of their published research. The achievement marks the growing influence of their scholarly findings among other academics. Teece’s most cited paper is “Dynamic Capabilities and Strategic Management,” published in Strategic Management Journal in 1997. Levine earned the distinction for a series of co-authored papers showing that financial intermediaries and markets exert a powerful influence on long-run economic growth.
Happy 75th birthday to Oski, UC Berkeley’s beloved mascot. The septuagenarian is busier than ever with some 300 events a year and his own Twitter handle, Facebook page, and Lair of the Golden Bear camp. Oski, who began as a Daily Californian cartoon strip in 1941, has appeared at retirement parties, children’s hospitals, and East Coast fundraisers, in addition to sporting events. He’s even walked a bride down the aisle. His name derives from “Oski Wow Wow,” which had long been part of spirit yells at UC Berkeley and other schools. The word oski, or the acronym OSCI (other side caught it), was a football term.
Oski’s birthday was celebrated with pomp and hoopla during homecoming, including a public lecture, “Oski Bear and the Struggles of Being a 75th-Year Sophomore,” and a tribute on the football field before the Cal vs. Utah game.
How will Britain’s departure from the European Union affect the country’s international trade, living standards, financial sector, and political economy? That’s what an expert panel gathered to discuss at a special Dean’s Speaker Series. “Brexit: What Next?” featured Prof. Andrew Rose; moderator Maria Carkovic, exec. dir. of the Institute for Business Innovation; Galina Hale, research advisor at the San Francisco Federal Reserve Bank; and Barry Eichengreen and Gerard Roland, both UC Berkeley professors of economics and political science. Among the insights: Rose didn’t expect a large collapse of living standards in the UK though he did expect trade stagnation since about half of all British exports go to EU countries. “Most of the estimates from academics say the Brexit disruption...is going to lead to around a two percent drop in GDP,” Rose said. “The long-run effect is going to be larger because Brexit will create a more closed economy in the UK.”
Adj. Prof. Nora Silver
Adj. Prof. Nora Silver kept hearing MBA students say that they wanted to create global social change. So she created a class to teach students how to frame effective social movement strategies. “Large-Scale Social Change: Social Movements” examines dozens of historical and contemporary social movements, such as civil rights and Black Lives Matter. For her work, Silver, the faculty director of the Center for Social Sector Leadership, received the Aspen Institute Faculty Pioneer Award, which honors business school faculty who are teaching “business practices that help corporations confront society’s grand challenges.”