THE MAGAZINE OF THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY University of California, Berkeley Nonprofit Organization Haas School of Business U.S. Postage 545 Student Services #1900 Paid Berkeley, CA 94720-1900 University of California, Berkeley

BerkeleyHaasSpring 2018 10 ACHIEVING GENDER EQUALITY 25 ENERGY EVANGELIST 17 VIBRANCY ON VIEW Closing the gap may require a shift in mindset, From his UN pulpit, Scott Foster, MBA 86, Connie & Kevin Chou Hall showcases creative says Prof. Laura Kray urges changes in the energy system energy of Berkeley Haas

Saturday, April 28, 2018 8:30 am–6:00 pm

New Thinking for the New Economy Come back to Berkeley Haas, reconnect with your classmates, and experience the teaching and research of innovative leaders and accomplished practitioners in the areas of real estate, economics, fintech, negotiations, and more.

Learn more: haas.berkeley.edu/alumni/conference #haasalumni

LEADING WITH SOUL AND PURPOSE Berkeley Haas culture champion Rich Lyons, BS 82, completes his tenure as dean Redefine Interested in a custom program Spring 2018 for your company? EXECUTIVE EDITOR FEATURES AND DEPARTMENTS THE DEAN RICH LYONS ISSUE the Future of Together with our Ute Frey UP FRONT esteemed faculty, MANAGING EDITOR

we’ll work with Amy Marcott Business DESIGN you to create Cuttriss & Hambleton, Berkeley Haas alumni enjoy 30% off programs that fit Berkeley any open-enrollment program in 2018 your organization’s STAFF WRITERS Contact us for more details: [email protected] distinct needs. Laura Counts, Valerie Gilbert, Kim Girard For our full list of programs, visit executive.berkeley.edu A look at Prof. Emeritus Janet Yellen’s legacy, p. 4 CONTRIBUTING WRITERS 2 Haas List Michael Blanding, Krysten Patrick Awuah, MBA 99, wins Crawford, Nancy Davis Kho, Upcoming Programs prestigious education prize Andrew Faught, Kate 4 Haas News Madden Yee, Rowan Philp, New Alumni Council leaders Sam Zuckerman seek feedback PHOTOGRAPHY 6 Power of Ideas Eric Don Arthur, Noah Berger, Prof. Emeritus David Aaker advocates signature stories Jim Block, Cameron Davidson, Lucien Fortunati, John Lok, 8 Power of Ideas Blake Marvin, Aaron Schasse How we judge others guides (HeroMade Productions), Dan how we help them Williams, Mike Wondolowski IN THE BACK ILLUSTRATORS Joey Guidone, Jonathan Stutz PHOTO: NOAH BERGER NOAH PHOTO: As Dean Rich Lyons, BS 82, prepares to step down in June after 11 years at the helm of Berkeley Haas, evidence of his impact is everywhere—most visibly in the Defining Leadership Principles that Lyons BerkeleyHaas magazine is helped codify and in Connie & Kevin Chou Hall, a new building dedicated entirely to student learning and interaction that opened last fall. Page 12 published by the Haas School of Business, University of California, Berkeley. For #ManagingMillennials Corporate Business Model Innovation further information, contact: 10 Why is Gender Equality So Restaurateur Uyen Nguyen, BerkeleyHaas Magazine Editor MBA 06 June 21–22, 2018 July 16–18, 2018 Haas School of Business Unleash the Power of the Millennial Workforce Rethink and Reshape your Business Strategy Hard to Achieve? 22 Haas Network University of California, Berkeley Closing the gap may require a shift in mindset, says Prof. Laura Kray 2001 Addison St., Ste. 240 With 86 million Millennials in the workplace by 2020, workplace Join Berkeley Haas Professor and Open Innovation pioneer Henry Alumni from Nue, Zendesk, the Houston Astros, Berkeley, CA 94704 dynamics are changing everywhere. Led by award-winning Haas Chesbrough for this three-day program focused on launching new Atlassian, Breaking Glass [email protected] Lecturer and Social Psychologist Holly Schroth, PhD, the business-model innovations that can capture and drive differentiated Forums, UN Economic #ManagingMillennials program provides skills-based training competitive value for your company. Go beyond traditional R&D to 12 Leading with Soul and Purpose Commission for Europe BerkeleyHaas Spring 2018, and hands-on exercises using research-based tools needed learn how to develop, evaluate, and scale new business models from the Berkeley Haas culture champion Rich Lyons, BS 82, completes his tenure 26 Number 97. to improve relationships and develop Millennial talents. inside out and embrace and extend the external startup ecosystem. as dean. Worldwide Events Dean Lyons and Prof. For change of address, email IDEAL FOR: Those who want to increase their effectiveness while IDEAL FOR: Senior-level managers, CMOs, business strategy and Chatman discuss the Defining [email protected] working with Millennials and diverse groups of people, organizations development professionals, and R&D professionals. 17 Vibrancy on View Leadership Principles experiencing rapid change in workforce structure, and senior leaders 28 Accolades & Find special online-only The transparent design of Connie & Kevin Chou Hall showcases the creative who are building a workforce and culture for the future. Alumni Notes content and submit alumni energy of Berkeley Haas. notes at haas.org/alumni-mag 39 In Memoriam 40 Personal View SkyDeck Executive Director Caroline Winnett, MBA 90, executive.berkeley.edu | CONTACT: +1.510.642.1304 on solving implicit bias in the Cover photo: Jim Block startup industry Spring 2018 1 Up Front Up Front Haas List

Marketing Faculty Honors What’s in a Coming Up Alumni Wordmark? You may have noticed a Rose new look for our Berkeley Research Haas wordmark, one that Rankings Prof. Andrew Rose, an international Prize for uses the colors and font Thought Leaders The B- finance scholar who has taught macro- Entrepreneurship of UC Berkeley combined School for Look for insights from economics to three decades of Berkeley with the modern tone of Women the Wise your own professors in a Haas. A wordmark conveys 5 Haas students, received the school’s Founders Fueled by high alumnae special 60th anniversary principles and values salaries, the Full-time highest faculty honor: the Williamson California Management and needs to be immedi- Berkeley MBA Program Review. Published last ately Award. Named after Nobel Laureate Keepers ranks #2 among U.S. fall, the issue features recog- and Haas Prof. Emeritus Oliver Wil- Sexual harassment claims and unethical business schools and #3 in the all Haas faculty content nizable. practices often mean the undoing of traditional CEOs, world for women, accord- liamson, the award honors Haas faculty that ties into our mis- This but not for leaders of startups, says Steve Blank, an ing to the Financial Times. sion to develop leaders design who exemplify the attitudes and behav- entrepreneurship lecturer at Haas. Uber CEO and Haas ranks #2 world- who redefine how we do makes it iors that differentiate our school. Rose’s co-founder Travis Kalanick, for example, remained wide for how well female business. From incen- clear that Haas is part of unscathed despite months of mounting scandals until Berkeley MBAs achieved research addresses international trade, tives for innovation to the world’s best univer- key investors finally staged a revolt that led to his their aims. Nearly half finance, currency and exchange rates, recognizing women’s sity. It also allows us to ouster. In Blank’s article, “When Founders Go Too Far,” the ranking, which looked unique qualities as ne- showcase what Haas is and economic crises. He’s worked as an published in the Nov.-Dec. 2017 issue of Harvard at the Class of 2014, is gotiators to cross-sector known for. There’s an advisor to a multitude of economic Business Review, he details how founders, no longer based on career success. affiliations. See the energy in the combina- replaced early on with “professional CEOs,” have come With an average salary agencies. At Haas, Rose lineup and view videos tion, tradition meets to dominate their boardrooms, a power balance that of $179,930 three years of faculty, including Don progress in a wordmark has gone beyond can negatively affect employees, customers, and post-MBA, Haas alumnae Moore, Nora Silver, and that is digitally nimble, himself to mentor investors. Blank details the shifts that have allowed were the second highest Paul Jansen: haas.org/ distinct, and recogniz- founders to control the majority of voting shares and paid in the world, earning colleagues and give cmr-faculty. able for Berkeley Haas. board seats. He also offers solutions for more slightly more than their back to the school. equitable startup oversight. “Founder-friendly” venture class overall. He served as associ- capitalists, for example, should pair inexperienced ate dean of aca- CEOs with seasoned chief operating officers early on, as Facebook did with COO Sheryl Sandberg. VCs Accolades demic affairs should set guidelines concerning investing in compa- Top-Notch and chair of nies where the founder has voting control. And boards Teacher the faculty should have independent directors and chair and an Haas Senior Lecturer from 2010 influential and independent audit committee. Read Holly Schroth, who has to 2016. the article at haas.org/steve-blank. taught Patrick Awuah, MBA 99, at Ashesi University College in Ghana nego- Cryptocurrency tiation and Education pioneer Patrick Awuah, MBA 99, founder and conflict Blockchain president of Ashesi University College in Ghana, was resolution skills to Prof. Andrew Rose Reactions named the sixth WISE Prize for Education Laureate—a undergrad, Berkeley Haas was Celebration Nobel of sorts for contributions to education. The award gradu- mentioned in the New includes a $500,000 prize that Awuah gifted back to Ashesi. ate, and York Times and named by Senior Lecturer Happy Birthday executive BusinessBecause.com Awuah started the school in 2002 to educate ethical, Holly Schroth education as one of the five best entrepreneurial leaders who will help transform Africa. The #Haasculture! students since 1992, U.S. b-schools for school now has six degree programs, over 1,000 alumni, and Our Defining Leadership Principles— was honored by Poets & teaching blockchain— 870 students with a student-to-faculty ratio of 22:1. Watch Question the Status Quo, Confidence Quants in their inaugural the decentralized and the WISE Ashesi documentary: haas.org/ashesi-wise. Without Attitude, Students Always, and Beyond Your- list of the Top 40 Under- encrypted method of self—turned eight this spring and the school celebrated graduate Business Pro- tracking cryptocurrency such as Bitcoin. Read about The WISE Prize was established in 2011 by Her Highness with Haas Culture Day. “Leaders set culture,” Dean Rich fessors. Schroth employs one class, Blockchain, Cryptoeconomics, and the Future Sheikha Moza bint Nasser. The previous winner was Lyons, BS 82, said at the event. “You can’t think about exercise simulations in of Technology, Business, and Law on the blog of MBA/JD Dr. Sakena Yacoobi, known as Afghanistan’s mother of leadership without thinking about setting norms and the classroom—les- student Josh Ephraim (haas.org/blockchain-class). values.” Codifying Haas culture has paid off. Poets & sons students praised Blockchain at Berkeley (blockchain.berkeley.edu) is education, who has spent two decades rebuilding her Quants described Haas as “the archetype for a values- for being “relatable and a student-run organization serving the campus and country’s educational landscape. driven MBA program.” memorable.” greater East Bay communities, including alumni.

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BY THE NUMBERS DEAN’S LETTER Global Value Rankings Janet Yellen’s Berkeley Haas graduate PHOTO: JIM BLOCK PHOTO: Proposition programs have scored Legacy New Alumni Council Leaders Aim to high in several recent rankings, one boosted First female Fed chair oversaw economic strengthen Haas Network by alumni salaries. growth, drop in unemployment As leaders of the Berkeley Haas Alumni Council, Leadership of the Fed has been called the world’s most Chair Emily Walling, MBA 08, and Vice-Chair powerful economic job. The nation’s central bank de- Francesco “Frank” Rockwood, MBA 93, are dedicated #1 cides interest rates that are critical in determining how to deepening alumni involvement with the Berkeley Berkeley Master of fast the economy can grow, how readily jobs are avail- Haas Alumni Network. Financial Engineering able, and how quickly prices rise. Many economists “I benefit from my experience at Haas every day,” (MFE) rank nationwide, believe Haas Prof. Emeritus Janet Yellen, who retired says Walling, the head of brand at life insurance tech by QuantNet in early February, performed the job more effectively in startup Ladder. “I would love to ensure that the BERGER NOAH PHOTO: majority of our graduates feel as passionately about Dean Rich Lyons, BS 82, speaking at Culture Day in February, which marked the eighth anniversary her four-year tenure than any previous Fed chief. of the Defining Leadership Principles. Under Yellen’s guiding hand, unemployment fell Berkeley Haas today as they did 5, 10, 25, or 50 years steadily, from 6.7 percent at the beginning of her term ago as students.” She aspires to increase attendance #2 to 4.1 percent when she left. Inflation stayed low even at events, promote career services, and boost Haas MFE rank for employ- as the economy built up a head of steam. Financial Fund support. Moving On ment outcome three markets also went on a tear, sending stock prices to Rockwood, president and co-founder of real estate The bittersweetness of transitions months after graduation, new levels. services firm Rockwood Pacific, also wants to keep by QuantNet To have the opportunity to serve the institution that so transformed my own It fell to Yellen to wean the economy from an ex- our Defining Leadership Principles “front and center” as Haas transitions to a new dean. life has been a dream come true. When I arrived as a freshman in 1979, it Berkeley Haas Director of Diversity and Inclusion Élida Bautista traordinary stimulus program initiated a decade ago Both Walling and Rockwood are longtime Haas was unimaginable that I could go on to join the faculty at Berkeley, much by her predecessor, Ben Bernanke, during the coun- less serve as dean. Yet, Berkeley enables us to “be what we cannot see,” and try’s recession. Move too fast and the recovery could volunteers and encourage alumni to reach out with #1 questions or concerns—and to complete the alumni does it again and again, for so many thousands of people. That Berkeley will Evening & Weekend Berke- sputter. Go too slow and a dangerous bout of inflation engagement survey this fall. “Your voice and energy are be doing this long after any of us are still living is an important source of my ley MBA Program rank, by could take hold. needed and valued more than ever,” says Rockwood. confidence in the future. U.S. News & World Report Haas Equity Because of your support, we have a solid strategy and strong finances that will Contact them at [email protected]. Haas welcomes new director of diversity serve our school well in the years ahead. Our new Chou Hall, which is featured and inclusion in this issue and is funded entirely by alumni gifts, will allow us to explore new programs and expand existing ones—a key element in ensuring our financial It was a chance friendship with a Taiwanese girl who #7 Francesco Rockwood, MBA 93, strength going forward. Our Defining Leadership Principles (DLPs) continue to set offered to share her elementary school bus seat that Worldwide rank for the and Emily Walling, MBA 08 us sharply apart from peer institutions and are the #1 reason many applicants gave Élida Bautista, incoming director of diversity and Full-time Berkeley MBA select Haas over other programs. Program (FTMBA), by inclusion for Berkeley Haas, her first experience of Codifying our DLPs with our community was an endeavor of great passion; but The Economist “otherness.” culture, like a garden, needs constant tending. Professor Jenny Chatman, PhD 88,

“My friend was a Buddhist, and she was the first DAVIDSON CAMERON PHOTO: and I co-wrote a case tracking the history of the DLPs and candidly assessing person I was aware of who didn’t believe in a Christian how to make them endure. I invite you to read it at haas.org/culture-case. god,” says Bautista, one of five siblings in a Mexican A second case is forthcoming that will clarify all that we have done this year #7 family who grew up in a Puerto Rican neighborhood to bolster ongoing support from us all. FTMBA program rank, by in Chicago. “Until then, everyone in my world was a For example, I’ve appointed a group of faculty, staff, and student Culture Cham- U.S. News & World Report Catholic.” pions to ensure our culture continues to thrive. Students in the Social Sector After that day, Bautista says she stopped assuming Solutions course are consulting to find ways that Haas can leverage the DLPs even things about people—and her life became an explo- further in the future. We’ve also launched the Haas Culture and Leadership Fund ration of culture, language, food, and games of her #7 to sustain and expand the school’s culture efforts under future deans. classmates, who hailed from a wide range of countries Nationwide rank for While often bittersweet, transitions are catalysts for growth. We can be proud of from Korea to Greece. FTMBA program, by the Berkeley Haas Prof. Emeritus Janet Yellen all we accomplished together these past 10 years. I look forward to the upcom- Bautista comes to Haas from UCSF’s Department Financial Times, with a ing successes we’ll share as fellow members of the Berkeley Haas community. I of Psychiatry, where she spent 15 years developing worldwide rank of #10—a Yellen chose to keep rates rock bottom far longer cannot thank you enough for your support over these many years. It’s the greatest programs focused on social justice, diversity, and jump from #13 thanks to than conventional wisdom considered safe, presid- honor of my life to have served as your dean. strong alumni salaries inclusion. ing over just small increases in the Fed’s benchmark At Haas, she will set schoolwide strategy for inclu- interest rate. Her genius was to recognize that the sion, diversity, and equity-related efforts focused on rules of the past no longer applied. The evolution of With gratitude, students, equipping them to lead in diverse work- the global economy meant that much lower interest 6th places. She’ll also support students, faculty, and staff rates could be tolerated without triggering inflation. Among the highest-paid to build an inclusive school environment. Yellen will now serve as a distinguished fellow at MBAs in the world, for the “A climate that supports and values everyone is the the Brookings Institution’s Hutchins Center on Fiscal FTMBA Class of 2014, as climate that will continue to attract the best students and Monetary Policy. The new Fed chair, Jerome Pow- Rich Lyons, BS 82 per the Financial Times. to Haas,” she says. ell, is expected to closely follow the course Yellen set. [email protected] | @richlyons

4 BerkeleyHaas Spring 2018 5 Up Front Up Front Power of Haas Ideas

COMPENSATION STRATEGIES ASSOC. PROF. GUSTAVO MANSO The Power Persuades and Inspires out of business. (Morgan James Publish- While there is “no of Story ing, 2018), to show how checklist of elements a Why storytelling is effective stories can be signature story has to In Praise of Golden essential for brand in creating an organiza- have,” Aaker says it marketing tional culture or manag- helps if it is intriguing, Parachutes ing a brand’s image. “It is authentic, and engaging. so difficult today to cut Generating and testing In motivating innovation, golden parachutes through the clutter and such stories can take may have silver linings says Assoc. Prof. engage a disinterested serious investment by and skeptical audience,” companies, some of Gustavo Manso Aaker says. “Stories are which have hired editors, enormously powerful, videographers, social When an executive fails to turn a profit yet still gets a rich payout, it’s cer- and can be much more media experts, and even tain to raise eyebrows—and possibly trigger a backlash from shareholders impactful than facts.” chief story officers to wary of corporate excess. Stories work, studies make up a storytelling Yet in an age when companies must innovate to survive, it may be neces- have found, because they team. After creating a sary to reward corporate leaders in spite of failure. engage the emotions, signature story, it can A new body of research by Assoc. Prof. Gustavo Manso has demonstrated allow listeners to deduce become an art in itself to benefits to compensation arrangements that many corporate governance disseminate it and keep Prof. Emeritus David Aaker the logic for themselves, experts have come to frown upon. His central argument: Companies that and are much more dif- it alive over time. To this want to blaze new trails should not penalize managers whose efforts don’t Back in 1984, Zhang ficult to argue against day, Haier has a sledge- quickly bear fruit. Ruimin was promoted to than facts. hammer on display at its “When you want managers to innovate, the types of incentives you use lead a struggling Chinese For businesses, stories corporate offices in China. are very different from traditional pay-for-performance arrangements,” refrigerator company that can be helpful in engaging explains Manso, who holds the William A. and Betty H. Hasler Chair in would later become Haier. both employees and cus- “If you want to New Enterprise Development. “You need to reward early failure and focus When a customer brought tomers. “There is a whole compete for the on long-term results.” in a defective fridge, he cadre of young employees best people, you After last decade’s financial crisis, when the leaders of some of the na- went through an inven- who will not work for need to have a companies they are not tion’s largest banks and brokerages walked away with tens of millions while tory of 400 units to find higher purpose, their companies needed taxpayer bailouts or fire-sale takeovers, golden a replacement; unfortu- proud of,” says Aaker. “If parachutes for executives who don’t perform came to be seen as improper, nately, he found that 20 you want to compete for and the way to while linking compensation more tightly to success came into favor. percent of them were also the best people, you need communicate that Manso has re-examined compensation for an age of innovation. In faulty. Ruimin promptly to have a higher purpose, is with a story.” particular, his research finds that provisions such as incentive packages ordered all of the defective and the way to communi- — Prof. Emeritus David Aaker that pay well despite short-term failure, stock options that keep their units to be brought to the cate that is with a story.” value when share prices fall, and even generous payments when corpo- factory floor and gave the At the same time, a small rate leaders lose their jobs—precisely the perks shareholder activists employees sledgeham- but meaningful subset of hate—may sometimes be needed to motivate managers to take risks and mers, inviting them to customers is looking for try new things. destroy them. authentic engagement Manso’s work comprises a groundbreaking mix of theory, data analysis, “That dramatic story with a brand. and experimentation. In a landmark 2011 article in The Journal of Finance, led to a change in the For companies look- he built on the classic distinction between two approaches to management: firm’s quality culture ing to find or create a “exploitation” and “exploration.” The first relies on tried-and-true practices that is a foundation of “signature story,” Aaker that are likely to pay off. The second seeks better ways of doing things but Haier today,” says David first recommends they hone the strategic mes- can lead down blind alleys. Aaker, professor emeritus sage they are trying to Using a theoretical model, Manso showed that pay-for-performance of marketing strategy communicate. Then, he works well when the goal is to achieve the best results from known tech- and vice chairman of suggests that they focus niques. But managers who are expected to innovate must be paid for long- the brand consultancy David Aaker’s new on a protagonist who can term, not short-term results, and they should not have to worry about Prophet. “Asserting that book, Creating the firm was going to have exemplify that message— Signature Stories losing their jobs if new methods fall short. whether it’s a customer, In a later article, Manso modeled the impact of public versus private a quality-first culture would not be noticed or an employee, a leader, By learning how to tell ownership structures on investment in innovative projects. He and his co- believed. But the story or a product. L.L.Bean authentic and emotionally authors found that while public ownership incentivizes the companies to penetrates.” company founder Leon engaging signature stories, cash in on existing ideas—since the market reacts quickly to good and bad Aaker, who has been L. Bean, for example, had companies can assure news—private ownership gives more leeway for exploring new ideas. called the “father of a stitching problem with that their employees and Manso cautions, however, that using compensation plans to motivate modern branding,” uses the first 100 boots he sold companies associate them innovation can prove tricky in practice. To make sure managers don’t take that example in his new that made them less than with a higher purpose, advantage of arrangements that tolerate short-term failure, their perfor- book, Creating Signature watertight. He refunded creating loyalty to the mance must be monitored and they must be given regular feedback. And Stories: Strategic Mes- every customer’s money, brand for years to come. the burden on boards is intensified because directors must create incen- saging that Energizes, though it nearly put him —Michael Blanding tives for innovation while also guarding against abuses. —Sam Zuckerman ILLUSTRATION: JOEY GUIDONE

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ALTRUISM ASST. PROF. JULIANA SCHROEDER Are Politicians a Politician?” focused on “In fact, relative to their Swedish municipal and own social class, politi- Smarter than national politicians cians from lower social CEOs? elected over a 30-year backgrounds are even A Handout or On the intelligence of period. Published in the more strongly selected elected officials Nov. 2017 Quarterly than politicians from a Helping Hand? Journal of Economics, higher social back- it was co-authored with grounds,” says Dal Bó. How we judge others guides how we help Berkeley Haas Assoc. Other findings: Par- them says Asst. Prof. Juliana Schroeder Prof. Frederico Finan, liamentary legislators Prof. Torsten Persson and had leadership and IQ Assoc. Prof. Johanna scores higher than those Charities often emphasize the desperation and dependence of those Rickne of Stockholm of CEOs of medium-sized they assist—as in heart-tugging videos of starving children in Africa. University, and Uppsala companies (up to 250 Yet a focus on helplessness may change how we choose to help those in University researcher employees)—despite need, and not necessarily for the better, according to research by Asst. Olle Folke. earning vastly lower Prof. Juliana Schroeder. Researchers selected incomes. Mayors have “Charities want to motivate people to give more, but they may also Sweden as an advanced exactly the same IQ score make people think poor people don’t have the ability to take care of democracy and because as CEOs of medium- themselves,” says Schroeder, a social psychologist who studies judgment it has public data on sized companies. Elected and decision making as well as interpersonal and intergroup processes. all males conscripted representatives overall “If you perceive of someone as having less mental capacity to think or Prof. Ernesto Dal Bó into the military from have cognitive and feel, then you are subtly degrading and dehumanizing them.” 1951 to 1980. The data leadership scores similar In a study published in the Journal of Experimental Psychology, include the results of to CEOs of companies Schroeder and her co-authors found that people act more paternal- While Americans’ approval of their two mandatory tests: a with 10 to 25 employees. istically toward those they believe have lower mental capacity. Their general intelligence test Elected politicians from findings reveal fundamental truths about how people think about Congressional represen- tatives are near record and a leadership test that all socioeconomic levels giving and receiving aid. assessed social maturity, showed higher cognitive, Schroeder and her colleagues conducted a series of nine experi- lows, new research shows that politicians aren’t psychological energy, leadership, and earnings ments, making a distinction between paternalistic aid, in which givers necessarily a bunch of intensity, and emotional capacity scores than make a decision about what recipients need, and agentic aid, in which good-for-nothings—at stability. those who ran unsuc- recipients can decide for themselves what they need. least in Sweden. Researchers matched cessfully for office. In one experiment, they asked people to rate their perceptions of the test data with the Prof. Ernesto Dal Bó “We can now begin poor people in Kenya and Uganda, using an eight-point scale that mea- and four colleagues names of some 50,000 sured perceived self-control, memory, planning, thoughtfulness, and analyzed a rich trove of people elected to national to doubt that the cognition. They then asked subjects to decide whether they’d rather public data and found parliament and municipal only people who run contribute to GiveDirectly, a relatively agentic charity that transfers that Swedish voters office between 1982 and for public office are money to poor people with no strings attached, or to a more traditional, consistently elect leaders 2010. They also tapped those who are less paternalistic charity such as the Red Cross, which provides food, medi- who are, on average, government data on all intelligent and residents over age 16, cine, and other services. significantly smarter and have less to lose They found that those who rated the mental capacity of the African aid including age, sex, educa- better leaders than the or that voters may recipients more highly were also more likely to choose GiveDirectly and populations they tion level, and occupation, less likely to believe the recipients would waste the money. as well as earnings inevitably elect represent. On average, poor leaders.” Moreover, the researchers found that people’s ideas about aid recipi- top Swedish elected data from the Swedish ents’ mental capacity could be easily manipulated. In another experiment, officials have higher Tax Authority. — Prof. Ernesto Dal Bó they gave participants one of two descriptions about charity recipients: intelligence and leader- All combined, they One highlighted their drive and entrepreneurial spirit, the other, their ship qualities than the built a complete database While the results can- neediness and resignation. While overall, 58 percent of participants gave CEOs of mid-sized of elected officials, test not be directly applied to (in this experiment) OxFam versus 42 percent to GiveDirectly, those companies. scores, income levels, and to other countries, the who were told of the recipients’ pluck were 23 percent more likely to “We found evidence family backgrounds. findings disprove the choose GiveDirectly. “Even when the recipient group is exactly the same, that there are plenty of The researchers notion that political the information you give someone about them meaningfully influences great people available reached several conclu- systems that encourage their giving behavior,” Schroeder says. in politics,” says Dal Bó, sions. First, they found broad popular repre- Schroeder points to malleable perceptions as a good reason to question the Phillips Girgich that not only do Swedish sentation end up with how our perceptions of ourselves and others may affect our behavior. Chari- Professor of Business. politicians have higher mediocre leaders. ties that emphasize the helplessness of aid recipients may unintentionally “Moreover, among those average IQs and stronger “We can now begin leadership qualities than to doubt that the only send a signal that they have low mental capacity. “When you dehumanize candidates who happen those they serve, but they people who run for public an individual or a group it can affect how you help them,” Schroeder says. to be available, it’s the are also representative of office are those who are Meanwhile, those donating to charities or setting policies for relatively better ones who the electorate: Swedish less intelligent and have fellow citizens may want to think twice about the assumptions they are make it to the higher echelons of the political politics attracts compe- less to lose or that voters bringing to their own altruistic impulses and what is most likely to em- tent people beyond the may inevitably elect power those they seek to help. —Michael Blanding structure.” His paper “Who Becomes scions of elite families, poor leaders,” says Dal Bó. Dal Bó says. —Rowan Philp ILLUSTRATION: ADOBE STOCK 8 BerkeleyHaas Spring 2018 9 slower to move into traditionally female domains. In a final experiment, the researchers found that Prof. Laura Kray and her colleagues were looking for reading the article arguing for fixed gender roles led a new way to understand why, despite women’s huge men to identify more strongly with positive “male” educational and professional gains, the gender pay attributes (adventurous, independent) and distance gap and other inequities have persisted. themselves from negative ‘female’ attributes (fussy, They thought the concept of mindset—and specifi- moody). Meanwhile, men who read the argument cally, men’s mindsets about gender roles—might be that gender roles are malleable identified less key not only to understanding the problem, but to de- strongly with the male characteristics, and actually veloping new ways to address it. decreased their justification of the status quo to the “We thought there was more to this slow progress point where they were in agreement with women. than a desire to preserve male privilege. Instead, we That last finding is especially interesting because thought men’s resistance to change may also be rooted it suggests an intervention that may lead to faster in notions of what it means to be a man,” she says. “We progress in the quest for gender equality: encouraging asked, what if there is a kind of psychological lever we men to adopt a growth mindset about gender roles, can pull to decrease men’s resistance to change?” Kray says. Seeing roles as interchangeable—such as The phenomenon of fixed versus growth mindsets, Mulhern did—has wide-ranging implications in both first defined by psychologist Carol Dweck, has been the home (who takes out the trash versus who changes well studied as a powerful driver of behavior. People the diapers?) and the workplace (who handles the who believe that traits such as intelligence are innate finances and who develops marketing slogans?). and unchanging tend to give up more quickly when a problem seems beyond their ability than do those with a growth-oriented mindset. The concept has made its way into popular culture in everything from manage- ment texts to parenting advice, but it had not been ap- “When men are encouraged plied to the study of gender roles, Kray says. Teaming up with researchers Laura Howland of Berkeley and Alexandra Russell and Lauren Jack- to adopt a growth mindset man of Stanford, Kray tested whether a belief that gender roles are set in stone leads people to defend an unequal system. Their work was published in the about gender roles, they Journal of Personality and Social Psychology last year. Their research found key differences between men and women that have implications for training pro- become more supportive of grams and public policy. The researchers first surveyed 500 people and interventions designed to found that men are more likely than women to believe there are unchangeable gender-role differences— above and beyond biology. Men are more likely to pre- increase gender equality.” fer traditional roles, and those who strongly identify an Mulhern had always planned to with traditionally male characteristics are more likely —Prof. Laura Kray run for political office, but when to say the current system is fair. Why Is Gender Michigan Democratic Party op- The researchers then tested whether their belief eratives came knocking in the late in fixed gender roles actually triggers men to justify 1990s, it was his wife they tapped the status quo. They asked people to read one of two Kray is spending the academic year applying as a candidate. Several years later, versions of a short article: One version made the case insights from her work to the real world. For example, Equality So Hard Mulhern became First Gentleman that gender roles are fixed (“The vast majority of a she is looking at the role that mindsets play in the to Gov. Jennifer Mulhern Granholm, supporting her society’s division of labor between the sexes is due to persistent 20 percent gender pay gap. “We see in Dand caring for their three young children. personal factors that remain stable over time”), while voting patterns that men are less supportive of active “I was a pretty typical, competitive male and I’d the other argued that roles are due to environmental measures to ensure fair pay. Yet when men are to Achieve? never pictured becoming ‘Mr. Mom,’ but I decided factors that can change. encouraged to adopt a growth mindset about gender to embrace the role,” says Mulhern, now a leadership They found that men who read the article endors- roles, they become more supportive of interventions lecturer and distinguished teaching fellow at Berkeley ing static gender roles were, in subsequent questions, designed to increase gender equality.” Haas. “A couple of things happened with that shift in more likely to attribute stereotypically masculine In the case of Mulhern, he credits the priest who Closing the gap may require a shift in mindset, mindset: I became a very nurturing parent, and I got an traits to themselves and show strong solidarity with counseled him and his wife before their marriage says Prof. Laura Kray enormously enlarged sense of self and identity in sup- other men. They were also more likely to defend the with first asking him to imagine what would happen porting Jennifer—we accomplished more together.” current system. That was not the case for women. if her political career took off instead of his. “He pried By Laura Counts Two decades later, Mulhern’s story is still some- “Men feel more pressure to perform their gender, open the door to that idea for me,” Mulhern said. what unusual: While women have moved into tradi- as being deemed a ‘real man’ is not a given: it requires “Twelve years later, I threw myself into Jennifer’s tionally male roles in large numbers, men have been social proof,” Kray says. career and my own adventure.”

10 BerkeleyHaas Spring 2018 11 LEADING WITH SOUL AND PURPOSE Berkeley Haas culture champion Rich Lyons, BS 82, completes his tenure as dean

BY KRYSTEN CRAWFORD

or Rich Lyons, the summer of 2008 was a watershed moment. He had just taken over as dean of Berkeley Haas and, with each passing day, the news about the U.S. economy worsened. Bad Wall Street bets on home mortgages had already toppled Bear Stearns and were now threatening other venerable banks. Re- porters calling Lyons for analysis started asking increasingly pointed questions: with so many MBAs populating the finance industry, were business schools partly to blame for the crisis? The suggestion was both troubling and galvanizing. Lyons had be- Fcome the 14th dean of Haas with ambitious plans to position the school as a dominant player in 21st century business education. Long before the economy stumbled, he concluded that businesses had a vital role to play in addressing the world’s biggest challenges. Students were newly hungry for a sense of purpose, and Lyons believed business schools had both the responsibility and opportunity to instill in students a set of core values and greater meaning. The first step was to create a new kind of business school culture. “I knew that if we could articulate our long-standing values as a school, we could differentiate ourselves and, at the same time, convey to the world in a meaningful way that we understood our responsibilities,” recalls Lyons, who convened a teach-in shortly after Lehman Brothers collapsed in mid-September so finance and banking faculty could ex- plain the roots of the market tailspin. Those hectic first months marked the beginning of one of the most transformative periods in Haas’ 120-year history. Today, as Lyons pre- pares to step down in June after 11 years at the helm, evidence of his impact is everywhere—most visibly in the school values, or “Defining Leadership Principles,” that Lyons helped codify and are now literally set in stone in the renovated Robert G. O’Donnell Courtyard. The out- door space is also adjacent to another Lyons feat: Connie & Kevin Chou Hall, a six-story, $60 million edifice dedicated entirely to student learn- ing and interaction, which opened last fall.

Spring 2018 13 Today, about 2,300 students are enrolled in six and wrote a book, The Microstructure Approach to degree programs that are among the highest ranked Exchange Rates. Students loved Lyons, awarding him in the world. The full-time MBA Class of 2019, with their top teaching award six times; in 1998, he received 284 students, is at record size. The revamped cur- the university’s highest honor, the campuswide teach- riculum now emphasizes experiential learning and ing award. More than anything, Lyons was known for “soft” leadership skills like creative problem framing. being approachable and authentic, the sort always Efforts to promote diversity and gender equity have game to head to Oakland for live blues music at 11:00 taken center stage. A newly launched undergraduate p.m. on a weeknight. “He had real street cred,” says degree program with the UC Berkeley College of En- Russi, noting that it served him well years later when gineering aims to develop a new breed of tech leaders he set out to establish Haas as the most distinguished- with courses in liberal arts, engineering, and business. by-culture/values business school in the world. Just as significant: Lyons boosted fundraising to off- Professor Laura Tyson remembers telling Lyons set dwindling state funding and helped bring in $350 when she was dean in the late 1990s that he would one million in donations, including eight of the nine largest day lead Haas. “He’s extremely engaged and energetic,” gifts in school history. A pledge of up to $25 million from says Tyson, former chair of the White House Council Connie and Kevin Chou, BS 02, is the largest ever from a of Economic Advisers who now directs the Haas Insti- UC Berkeley alum under age 40. tute for Business & Social Impact. Tyson’s prediction “Rich is leaving a very strong foundation for a suc- came true in 2004, when Lyons was named interim cessor to build upon,” says Jack Russi, BS 82, chair of dean to replace Tom Campbell, who took a one-year the Haas School Board and national managing partner sabbatical as the State of California’s director of fi- of corporate development at Deloitte LLP. Addition- nance. When Campbell returned to the dean’s suite, ally, the Dean Lyons Faculty Leadership Fund has Lyons became executive associate dean and then, in been created to honor Lyons and to help future Haas 2006, left to serve as chief learning officer at Goldman deans recruit, retain, and develop a new generation of Sachs. There, he was tasked with developing leader- faculty leaders. ship among the firm’s managing directors and part- ners. “I learned,” says Lyons of his time at Goldman, “that you can’t overestimate the importance of great people in building great firms.” “I knew that if we could articulate When he returned almost two years later as dean, Lyons had one overarching goal: to build on the mo- our long-standing values as a school, mentum that his predecessors had created. One of his main priorities was to expand the physical campus with a fourth building exclusively for student learning we could differentiate ourselves and networking. He also wanted to launch new pro- Today, the Defining Leadership Principles are firmly known Lyons for nearly two decades. “Everyone owns Dean Rich Lyons has been grams, hire more faculty, and revamp the curriculum embedded in the school, operationalized in essay ap- them, from top to bottom.” Adds Sally Blount, dean of wildly popular with students, and…convey to the world…that we to include more hands-on learning through partner plications, staff performance reviews, and faculty Northwestern University’s Kellogg School of Man- faculty, staff, and alumni, well programs with companies. teaching. In surveys, students cite the principles as agement: “The most effective deans pick three or known for his enthusiasm for understood our responsibilities.” Developing a new breed of business leader topped the number one reason they chose Haas, ahead of its four things that they’re really going to try to move the all things Haas. During his tenure, he codified the Defining his to-do list. The world, Lyons had long believed, was top-tier reputation and prime location near Silicon needle on. [But] it’s one thing to say you’re going to do Leadership Principles, oversaw —RICH LYONS on a dangerous path, harmed by a series of missteps in- Valley. Paul Norton, MBA/MPH 18, says students are something and another to do it consistently and with construction of Connie & Kevin Lyons’ mark extends beyond Haas. “He has become volving the environment, health, safety, education, ag- inculcated with the school’s values from the moment discipline. Rich has done that better than just about Chou Hall, added new “science a model [for other Berkeley deans]—just as the Haas ing demographics, and other “unsustainabilities of our they step on campus. “Dean Lyons [has stressed] that any other dean on the planet over the last 10 years.” in business” programs, and School has become a model for the campus,” says UC time.” Business leaders could course correct, but they this experience is about much more than taking your more. He’ll spend next year on Berkeley Chancellor Carol T. Christ. “I have been so needed inspiration and skills that would foster innova- classes and finding your dream job,” he says. “It’s about sabbatical writing a book and impressed with and, really, sometimes awed, by Rich’s tion. Lyons knew that world-class business educators building this community and embodying those charac- A Bright Future spending time with his family leadership.” Last year she appointed Lyons co-chair of could give businesses both, but schools needed first to teristics in every aspect of your life.” Donning his chief Lyons has succeeded because he embodies the same (shown, bottom right): kids, a campuswide strategic planning process. develop a culture—one that eschewed clichés in favor purpose officer hat, Lyons has been known to send values he so tirelessly champions. “He’s a servant Nicole and Jake, and wife, Jen. of authentic, distinguishing values. “We don’t succeed “purpose emails” to faculty and staff reminding them leader—someone who puts your needs in front of by being the same,” Lyons told fellow deans in a 2016 of the school’s mission. their needs,” says Russi. Lyons, for example, regularly The Culture Champion talk at Rutgers Business School. “We succeed by being “I don’t think there’s a conversation I’ve had with shares with all staff the positive feedback he receives— One of the best pieces of advice Lyons received as dean different in a useful and productive way.” Rich where the four principles haven’t come up,” says from students, alumni, or visitors—to illustrate how came early in his tenure. Haas School Board member The introduction of the Defining Leadership Prin- Chancellor Christ, who quoted the Defining Leader- the work everyone does matters, a practice that has Margo Alexander, BS 68, retired chair and CEO of UBS ciples—Question the Status Quo, Confidence Without ship Principles as an example of the kind of values she earned him great respect from his employees. Stu- Global Asset Management, told him he was the chief Attitude, Students Always, and Beyond Yourself—in hopes to articulate for the university as a whole when dents are also drawn to his supportive and motivating purpose officer. 2010 sent a powerful signal. “We drew a line in the she was sworn in last December. nature. Sal Parsa, who was born and raised in Afghani- Lyons hadn’t always thought of himself in those sand about the kind of leaders we intended to produce Fellow deans call Lyons’ leadership inspirational. stan, recalls meeting Lyons on his second day at Haas terms. He was an economist by training, having earned and the kind of impact we intended those leaders to Peter Henry, the dean of New York University Stern and instantly recognizing the kind of leader he aspired his bachelor’s from Haas in 1982 and then a PhD from have on the world,” says Jennifer Chatman, PhD 88, School of Business until the end of last year, admires to be. “[Dean Lyons] is the most humble person I have Discover five tunes that MIT. After a six-year teaching stint at Columbia Busi- Haas’ Paul J. Cortese Distinguished Professor of Man- how Lyons was able to weave the principles into the ever met,” says Parsa, MBA 18. guitar-strumming Dean Rich Lyons never tires of playing: ness School, he joined Haas in 1993, where he taught agement whose research Lyons credits for waking him fabric of Haas. “The Defining Principles aren’t just Lyons’ embrace of Question the Status Quo was evi- haas.org/lyons-playlist international finance across various Haas programs up to the power of organizational culture. a brand, they are a way of life,” says Henry, who has denced, too, by his commitment to diversity in all its

14 BerkeleyHaas Spring 2018 15 LEADING THE WAY FOR 120 YEARS From Berkeley Haas’ humble begin- RICH LYONS 2004–2005, 2008–2018 forms. This meant not just drawing more appli- nings as the College of Commerce cants with divergent backgrounds and world- Brought in eight of the nine largest gifts in views, but also equipping students with the skills to today, each dean’s tenure has built school history, including the largest-ever do- upon the work of his or her predeces- nation from a UC Berkeley alum under age 40. and mindset to lead increasingly diverse work- sor, laying the groundwork for our Oversaw construction of new student-focused forces. To that end, Lyons created a staff position, growth and evolution. building. Codified school culture. Brought all director of diversity and inclusion, and oversaw degree programs to highest rankings ever. Added new degree program for undergrads the formation in 2012 of the Alumni Diversity with the College of Engineering and other Council, which assists with admissions, curricu- “science in business” programs. Revamped lum development, and events. In November, the TOM CAMPBELL 2002–2004, 2005–2008 curriculum to emphasize experiential learning new Center for Gender, Equity & Leadership and soft leadership skills. Promoted diversity Expanded enrollment for undergrads and and gender equity initiatives. opened to advance gender and diversity in policy the Evening & Weekend Berkeley MBA and business, among other goals. New student-led Program. Increased faculty. Improved an array of services for students, alumni, and diversity programs, including the research-based corporate recruiters. Boosted Haas’ showing LAURA D'ANDREA TYSON 1998–2001 Race Inclusion Initiative and the Gender Equity in the major business school rankings to the Initiative, are flourishing. Every strategic plan top ten. Reached record-level fundraising, Negotiated a path-breaking agreement with helping make progress toward Haas’ goal of the university administration to grant the now has a diversity component. financial self-sufficiency. Haas School greater financial and operational “Rich has been much more than just an ally and autonomy, allowing Haas to better attract and a thinker on diversity issues,” says Monica Stevens, retain world-class faculty by paying market- MBA 96, a senior vice president at Wells Fargo who WILLIAM HASLER 1991–1998 rate salaries. Added the weekend component to the evening MBA program. Launched the founded and leads the 20-person Alumni Diversity Oversaw construction of the Haas School master’s degree in financial engineering and Council. “He’s actually shown up.” complex. Increased Annual Fund and the first executive MBA program. Lyons was an unconventional leader for an- endowment to weather a recession and de- cline of state support. Expanded executive other reason: his acoustic guitar. Nearly every education offerings. Developed strategic RAYMOND MILES 1983–1990 Haas student from the last decade has a story plan so Haas would be recognized as a Secured, with the help of former dean Cheit, to tell about their earring-wearing, strumming preeminent b-school by the year 2000. the then-largest gift in UC Berkeley’s history dean and the first time they heard him croon, for the new business school campus. Hired perhaps at an orientation party or the school’s the school’s first full-time development annual talent show. Last August, Lyons brought EARL F. CHEIT 1976–1982, 1990–1991 director and increased outreach to alumni. Expanded the size and quality of the faculty, the house down with a rousing rendition of The Increased the number of endowed profes- including the hiring of future Nobel Laure- Jungle Book ditty, “The [Bear] Necessities,” dur- sorships, opened a career planning and ate Oliver Williamson. ing the new-student convocation. When Lyons placement center for graduates, and started fundraising for Haas’ original three buildings, couldn’t make an 80s-themed party for incom- to give the business school a more cohesive RICHARD HOLTON 1966–1976 ing students, he recorded Tracy Chapman’s identity as a professional school. “Give Me One Reason” and emailed it to each Oversaw the creation of the international busi- VIBRANCY ness curriculum. Launched the evening MBA class member before the dance. “We all fell in program, the joint business and law degree love with him in that moment,” recalls Parsa. JOHN W. COWEE 1961–1966 (MBA/JD), and one of the country’s first courses Looking back, Lyons calls his time as dean in entrepreneurship. Established new links Introduced social and behavioral sciences to the business community, strengthened “the most fulfilling job of my career.” He plans to into research and teaching, which became a outreach with alumni, and created the take a sabbatical to write a book before return- model for other business schools. Expanded ON VIEW Alumnus/a of the Year Award and the alumni ing to teaching in the fall of 2019. His book, he faculty ranks and oversaw move into Bar- magazine, originally called Decision. rows Hall, the school’s home for the next says, will challenge the public’s rush to judgment three decades. when business scandals erupt. “People look at Transparent design of Connie tand in front of the new Connie & Kevin Chou Hall on any given night and you’ll E.T. GRETHER 1934–1936, 1942–1961 three or four titillating stories about inexcusable see a building thrumming with creative energy: students collaborating in break- Transformed the College of Commerce into a behavior by business people and they say, ‘All of out rooms or brainstorming ideas on an alcove’s writable wall, or enjoying lively ROBERT CALKINS 1937–1941 modern School of Business Administration. business is bad,’” he says, adding that more evi- & Kevin Chou Hall showcases chats in Cafe Think; members of the Berkeley Haas community engrossed in the Inaugurated a long-sought graduate program, dence-based assessments are needed. He’s also insights of top business leaders in the sixth-floor events space, Spieker Forum. Added several high-profile faculty from followed by the PhD and executive education been doing some consulting for startups, which The building, which opened last summer, is funded entirely by community programs. Recruited business executives to creative energy of Berkeley Haas other universities. Attempted to establish has him thinking, too, about opportunities in fi- donations and devoted solely to learning and interaction. Lead Architect Cathy Simon, of a two-year graduate school of business as form an advisory council. Created several S number of enrollees in the school’s gradu- research units. nancial or educational technology. Perkins+Will, created Chou Hall with 24,300 square feet of exterior windows to showcase ate studies more than doubled. For now, Lyons is focused on making sure BY AMY MARCOTT our vibrant, intellectual energy. “This building is really about featuring people in a com- HENRY F. GRADY 1928–1934, 1936–1937 the Defining Leadership Principles endure. He munity,” she says. lobbied, for example, for the dean’s job descrip- Community was a hallmark of the construction process. To achieve cost savings, STUART DAGGETT 1924–1928 Shifted studies in specialized areas like tion to include a commitment to advancing the Lead Partner Ned Spieker, BS 66, and Project Manager Walter Hallanan, BS 72, created finance, marketing, statistics, and foreign Successfully lobbied the university to estab- trade to the graduate program. principles. He’s also appointed several faculty a 501(c)(3) nonprofit fund, the Partnership for Haas Preeminence, to implement an inte- lish a master of science in business admin- and staff members as “culture champions” and grated design and construction process—a rarity for university projects. Designed to be istration for undergrad business students to co-authored a case study about values. The 40 percent more energy- and water-efficient than similar structures, Chou Hall is on track pursue. Distanced business curriculum from the Economics Department through profes- school board has announced it will audit the next to be the country’s greenest academic building and the nation’s first business school build- sional development courses. HENRY RAND HATFIELD 1916–1924 dean’s culture efforts a year into his or her job. ing with a Zero-Waste certification. Helped found the American Association of Lyons says it’s important the principles be flex- Situated between serene redwoods and urban life—all enjoyable from balconies located on ible. “Cultures need to evolve over time,” he says, every floor—Chou Hall stands for opportunity and endless possibility, says Simon. “It’s a place CARL COPPING PLEHN 1898–1916 Collegiate Schools of Business (AACSB) to promote recognition of business education— “so elements of how we implement the Defining that embraces nature, the Bay, and the city, that opens up to the future, to the Pacific Rim but Implemented the first four-year business now the industry’s accreditation body. Leadership Principles should change.” also to the beautiful verdant landscape that was original to this amazing place in the world.” Attracted East Coast scholars to teach curriculum, combining liberal arts and Haas, too, will inevitably change—for the bet- In March, the Partnership for Haas Preeminence officially donated the building to the business education with scientific theory during Berkeley’s Summer Sessions, and practical expertise—the core model further increasing recognition. ter, thanks to the legacy of Dean Rich Lyons. university. “This was a great collaborative effort,” says Hallanan. “We all worked together for today’s undergrad program. to achieve this.”

Spring 2018 17 SETTING A NEW STANDARD BREATHING ROOM

Chou Hall’s Zero-Waste One side of Chou Hall’s new initiative aims to divert 90 Cafe Think spills out onto percent of waste from land- the courtyard while the fills and achieve Zero-Waste other offers a north-facing certification by summer terrace for cool, shady 2018—a feat never achieved spaces among redwood by any of our nation’s busi- trees. As part of the WELL ness schools. It is also the standards, food served in first academic building in the cafe is organic and the nation designed for both healthy, with an assortment LEED (Leadership in Energy of fruits and non-fried and Environmental Design) vegetables and reasonable Platinum and WELL certifi- portion sizes. cations, the latter a des- ignation reflecting a focus on user health and well- being. The building’s central staircase, for example, a common thoroughfare that encourages people to en- gage with one another while being active, is part of the BUZZING WITH ACTIVITY HARVESTING ENERGY WELL standard. Students flock to the building’s intermediate spaces—lobbies, alcoves, Chou Hall celebrates eco-friendly building practices and energy efficiency. Wood used in the and balconies. Some 17,000 square feet of writeable surfaces, including building is all sustainably harvested. The redwood is repurposed, finding a second life in Chou whiteboards, writeable paint, and glass, invite ingenuity. Hall. The terrace surrounding Spieker Forum is made of Resysta, a combination of rice husks, salt, and mineral oil that is both environmentally friendly and extremely resistant to all weather. Photovoltaics on the sixth-floor terrace harvest the sun’s energy. A cistern under the building captures rainwater. Highly efficient chilled beams heat or cool only where needed. Solar shading 18 BerkeleyHaas and high-performance windows prevent overheating. Spring 2018 19 TREE HOUSE OF LIFE

Spieker Forum, the top-floor event space with a 24-foot LED video wall, has been likened to a tree house for its view of oak and redwood trees that give way to views of the Bay, Oakland, and San Francisco. With a capacity of 300 people and ability to stream content anywhere, Spieker Forum broadcasts important and inspiring ideas to the world.

HIP TO BE SQUARE

TECHNOLOGICALLY RICH The new building, funded entirely by private donations, Chou Hall engages the minds of future business leaders with tiered and completes a quad around the flexible classrooms, AV-equipped meeting rooms, and ample breakout Robert G. O’Donnell Courtyard, spaces. All classrooms are equipped for video capture (live streaming or which has vitalized Haas’ out- recorded) with automated cameras that follow the speaker and audio/ side meeting areas, providing a video teleconferencing. Instructors can present wirelessly—and allow larger, more inviting, and flexible students to present materials from their laptops or smart phones. space—an outdoor “room” cen- tral to the Haas community. 20 BerkeleyHaas Spring 2018 21 In the Back In the Back

View some of the innovative dishes at Nue, the restaurant co-founded Your Haas Network by Uyen Nguyen, MBA 06, at haas.org/nue-food

STUDENTS ALWAYS Evolving force. She credits Haas ers, physical therapists, for much of her success. sports medicine doctors, Customer “The bar was set high, strength coaches, a dieti- Service and that gave me confi- tian, a sports scientist, and Feeding Communities of Uyen Nguyen, MBA 06, dence,” Gomez says. “I’d mental skills providers. co-founded Nue with her chef been given this opportu- “My job is to enable the husband. One of Seattle’s nity to be surrounded by team’s success—to be Understanding hottest new restaurants, talented students and everything from the vision- Restaurateur inspires cultural Nue introduces diners to world cuisines and the future leaders in corpo- ary to providing direction connections stories around the dishes. rate America. I wanted to to the administrator/ translate that experience coordinator who’s handling Uyen Nguyen, MBA 06 into my career.” budgets and contracts Co-Founder, Nue Gomez is particularly and development plans,” Seattle proud of being a woman he says. “I work with in her role and is on the people who are much When Uyen Nguyen was studying at Haas with a focus on entrepre- Elena Gomez, BS 91 Founding Advisory Coun- smarter than me. I just try neurship and venture capital, a career in the restaurant industry CFO, Zendesk cil of Haas’ Center for to help bring it all together.” never occurred to her. But after she and her husband opened Nue, San Francisco Gender, Equity & Leader- When Firkus joined the a Seattle restaurant that aims to expose patrons to culinary experi- ship. Among Fortune 500 team in 2013, the Astros ences from around the world, Nguyen saw her Haas credentials as In an age where digital companies in 2017, fewer tallied a baseball-worst the insurance policy that gave her the courage to pursue a passion transactions have altered than 13 percent of CFOs 111 losses. So he spent for creating connections through authentic culinary experiences. how customers interact were women, accord- the next 18 months re- When it comes to evaluating new opportunities, Nguyen says, with companies, Elena ing to the Fortune 500 searching, benchmarking, “I’m kind of fearless. At the end of the day, with my Haas degree, Gomez helps fuel that CFO Index. “When I meet and contacting teams, I know I can always go get another job.” evolution. “People have a with investors, they’re experts, and innova- Opening Nue in 2015 was one leap of faith in a series for Nguyen. higher level of expectation 99 percent men,” Gomez tors worldwide. Firkus At age 11, she came as a refugee to California from Vietnam. She from customer service,” says. “I’m proud that I can discovered that the best earned a degree in pharmacology at UC Santa Barbara and an MS says Gomez, chief finan- set an example for future clubs were using tech- in biomedical sciences from UC San Diego before enrolling at Haas. cial officer for Zendesk, young leaders who want nology and analytics to Her MBA in hand, Nguyen went to work first as an investment of- the San Francisco-based to be CFOs.” —AF assess player skills and ficer for CalPERS, then as the director of investment for Mekong company whose customer strengths in new ways. Capital, a private equity firm focusing on mid-growth consumer service software is used Major League “Some of the big businesses in Vietnam. by more than 119,000 Talent recommendations were After moving to Seattle, Nguyen worked at Amazon and met her companies worldwide. around culture and husband, Chef Patron Chris Cvetkovich. The idea for Nue arose Gomez was named CFO mindset—moving from during their extended honeymoon through Europe. “There’s a in May 2016. That same a team that is reactive Romanian dish called mititei that we loved,” she says. “We knew we year, Fast Company ranked and primarily focuses couldn’t create a restaurant to just serve mititei, but it gave us the Zendesk No. 5 on its list of on getting injured players idea to create a restaurant to introduce people to different foods and Most Innovative Compa- healthy to a team that their stories.” nies in Enterprise Software. is proactive and focuses Nguyen believes food can break down barriers between cultures Today, Zendesk helps or- on preventing injury and create communities of understanding. “There’s a South African ganizations build the best and boosting perfor- dish called bunny chow that is basically chicken masala. Why is there customer experiences. mance by building strong, an Indian dish in South Africa? Because Indians went there to work “There are a lot of com- fast, powerful players,” on the railroads.” Those are the kinds of overlooked stories, says panies trying to innovate Firkus says. Nguyen, that can help people understand other cultures better. She in this space, so our work Bill Firkus, MBA 09 Clearly, it’s paying off. Director, Sports Medicine says it’s a common sight at Nue’s communal tables to see strangers is both an opportunity and Firkus says the Astros’ & Performance, sharing their food. “Real conversation and real relationships can a challenge,” Gomez says. World Series triumph Houston Astros, Houston happen over a meal.” “We’re growing fast. Help- over the Los Angeles ing my management team Dodgers was “pure ex- The desire to create connections and help achieve larger societal He didn’t smash home identify and prioritize citement and joy.” good is something Nguyen credits Haas for reinforcing. In the past runs or dazzle with blind- investment choices In many ways, Firkus year she’s become a founding board member for Emerge Washington, ing defense, but Bill Firkus in collaboration allows developed his baseball which seeks to increase the number of Democratic women leaders played no small part in me to have a meaning- smarts as an extension from diverse backgrounds in public office. She is also a founding board helping lead the 2017 ful impact on defining of his Berkeley education. member of PIVOT, which engages and empowers Vietnamese Ameri- Houston Astros to their Zendesk’s future.” “I draw from my Haas ex- cans for a just and diverse America. Nguyen sees her entrepreneur- first World Series Cham- Gomez arrived at perience on a daily basis,” ial background as helpful in this regard. “I wouldn’t have the band- pionship. Zendesk after serving for he says. “I went to school width to do this if I was working for someone else,” she says. As the team’s director of six years as senior vice with people who were vi- With her confidence and Students Always attitude, Nguyen is sports medicine and per- president of finance and sionaries; they taught me ready for any adventure. “Nue is not going to be my last project,” she formance, Firkus oversees strategy at cloud com- about collaboration and says, “Lots of people choose one career and stick with it, but I’m a a squad of athletic train- lifelong learner.” —Nancy Davis Kho puting company Sales- problem solving.” —AF PHOTO: JOHN LOK/AP IMAGES FOR BERKELEY HAAS 22 BerkeleyHaas Spring 2018 23 In the Back In the Back Your Haas Network

Match Maker headed eBay’s collabora- that offers companies CONFIDENCE WITHOUT ATTITUDE tion with the late social leadership development entrepreneur Priya Haji, support and diversity and MBA 03, to launch the inclusion strategies. She World of Good market- recently started a new Scott Foster, MBA 86, has used Energy Evangelist place, enabling shoppers position as vice president his role as the director of the to buy socially responsi- of diversity and inclusion sustainable energy division of From his UN pulpit, Scott Foster urges the United Nations’ Economic ble products from global at Charles Schwab. Commission for Europe to push changes in the energy system producers. “My passion comes for a revamping of energy and Last year, Chatwani from the fact that my own international building standards. Scott Foster, MBA 86 became CMO of Atlassian, family is very diverse,” Director, Sustainable Energy, a collaboration software Owyoung says. “One of my UN Economic Commission for Europe company that aims to un- brothers is gay, another is Geneva Robert Chatwani, leash the power of teams. developmentally chal- MBA 07 Chatwani says that shift- lenged, my father is a To obtain the energy to power our houses, we generally conceive of CMO, Atlassian ing from a B2C to a B2B veteran, and my parents San Francisco buying a certain amount of electricity from a utility company. But marketing environment is are immigrants. My family that’s a totally wrong way to think about it, says Scott Foster, director a welcome challenge. In 2006, Robert Chatwani reality has prompted me to of the sustainable energy division of the United Nations’ Economic “The future of how work considered dropping out help all kinds of people gain Commission for Europe. “You are not consuming kilowatt hours, gets done within of his Creativity and In- access to opportunities.” you are consuming lighting, heating, and a movie while you eat pizza organizations is changing novation Marketing class Before founding Break- in front of the TV,” he says. faster than ever,” says with Prof. Jennifer Aaker ing Glass, Owyoung helped What if, instead, we bought a menu of services from the power Chatwani. “Remarkable to focus on a personal en- build more inclusive work company—for example, heat or cooling to between 68 and 70 degrees innovation often emerges deavor. Chatwani’s close environments at Yahoo and a certain average number of hours of lighting and cooking—for when people are friend of South Asian and Github. But soon she a monthly fee, and it became the company’s job to figure out how to empowered to seam- descent, Sameer Bhatia, was itching to find ways to supply it. Such a system would incentivize utilities to provide better lessly collaborate.” had been diagnosed with expand her impact. services using less rather than more energy. “The minute we do that, Thanks to a formative leukemia and needed a “I’d been thinking about energy efficiency happens automatically,” says Foster. experience at Haas, bone marrow transplant. the lack of conversations As director of his UN division since 2011, Foster is fervent about Chatwani’s entire career However, there were so on the rich resource pushing dramatic innovations in energy. “I am driven mad by the lack has been a testament to few South Asians on the women of color are in of logic and rationality in how things are done today,” he says. “There are the possibilities inherent donor registry that his business,” she says. So she things I can address through a UN platform that I can’t address through in empowering that chance of a match was 1 convened the first Women another platform.” From his perch, Foster oversees a network of gov- human connection and in 20,000. Chatwani and of Color Leadership ernmental and private-sector stakeholders in Europe, North America, potential. —NDK friends aimed to defy Conference in June 2016 and Central Asia. Rather than using subsidies to support renewable those odds by launch- and has since hosted eight energy, for example, he exhorts them to pursue market solutions to ad- ing a national marrow Diversity more forums across a dress climate change while fostering development. registration drive. Aaker Champion variety of diversity topics. A 30-year career in industry and as a private energy consultant suggested that Chatwani “People tell me the events and civil engineer has given Foster a unique private-sector perspec- capture lessons from the have really helped them tive that’s different from the UN’s typical bureaucratic approach. campaign and make it grow,” she says. “When you hear your average UN person speak, you often hear a lot his final project for the Owyoung is also a about process and how this or that committee works, and the chal- class. Three months and pioneering supporter of lenge is in achieving tangible results,” he says. Foster has mobilized 24,600 new registrants the new Haas Center for his staff and generated excitement around focused goals. later, a match was found for Gender, Equity & Leader- In addition to rethinking energy delivery, he has also pushed for Bhatia. Though Bhatia did ship. She credits her time a bold revamp of international building standards. “Forty percent of not survive his transplant, at Haas with helping her carbon dioxide emissions comes from buildings,” he says. His organi- his movement allowed develop the ability to zation is establishing centers of excellence worldwide and partnering over 250 patients to find motivate others toward with leading universities to research and implement new building a worthy goal. “At Haas I materials and advanced methods. donor matches. Cynthia Owyoung, BS 94 learned how important To meet the organizational challenges, Foster cites the training he “What Haas helped me Founder and CEO, it is to really think about received at Haas through the Evening Berkeley MBA Program while understand is that busi- Breaking Glass Forums your actions and the mes- he was working at Pacific Gas & Electric. Attendees were all working ness can be one of the San Francisco most powerful forces of sage you’re putting out professionals from across a wide spectrum of industries who routinely positive social change in Cynthia Owyoung is com- there,” she says. brought real-world challenges to class. “That was a huge advantage,” he the world,” says Chatwani, mitted to shattering a par- Diversity work isn’t says. “The sense of perspective that gives you is extraordinary.” who spent 12 years with ticular glass ceiling: that always comfortable. But In addition to teaching him organizational strategy, marketing, and eBay, eventually becom- of diversity in the business it’s worth it, Owyoung says. other business topics, the program also transformed Foster as a pub- ing the company’s chief world. She established “The lack of diversity in lic speaker, which has been invaluable as he has traveled the world to marketing officer for Breaking Glass Forums business affects all of us, proselytize on energy issues. “If you can express your vision clearly and North America. While in 2016, a consultancy and we need to collabo- simply,” he says, “you can define an entire organization in a way that gets there, Chatwani spear- rate to address it.” —KMY people excited and motivated to change the world.” —Michael Blanding PHOTO: LUCIEN FORTUNATI/AP IMAGES FOR BERKELEY HAAS 24 BerkeleyHaas Spring 2018 25 In the Back In the Back

Haas Worldwide Events Connect with alumni in your local area: haas.berkeley.edu/chapters

UPCOMING EVENTS Berkeley Leader: Live! L.A. Tour Date Boston Chapter: haas.berkeley.edu/events Art Event & Evening with John Danner 1 Ben Goodman, MBA 98, and The Berkeley Sheila Puffer, PhD 85 2 Marina Liang, BS 14, and Leader: Live! Ernesto Mireles, MBA 12 on Blockchain 3 David Willwerth, BA 01, and April 10 Rafael Soto, MBA 16 Online 4 John Garcia, MBA 13; Haas 1 2 3 4 Lecturer John Danner; and SF Giants Game Adam Persson, MBA 01 April 10 SF Chapter: Nestlé Dreyer's San Francisco Event & Happy Hour 5 Ann Hsu, MBA 98; Doug Real Estate and Massa; and Elizabeth Mortgage Markets Goldman, BS 15 6 Ramandeep Mann, BS 15; with Prof. Victoria Chen, BS 13; and Nancy Wallace Shazia Virji, BS 11 April 19 7 Allen King, MBA 81; Minh Lam, MBA 10; and Dengke Palo Alto Sun, MBA 18 5 6 7 8 MBA Reunion 8 Lilia Martinez-Coburn, MBA 07, and Rosemary Hua, BS 14 Weekend April 27–29 Dean’s Speaker Series Berkeley 9 Jonathan Bush, CEO & co-founder, Athenahealth Alumni 10 Carol Christ, UC Berkeley Conference chancellor April 28 11 Diane Bryant, EVP, Intel Berkeley Homecoming 12 Steve Etter, BS 83, MBA 89 Berkeley Haas 9 10 11 12 (center) flanked by his kids, Entrepreneurship Daniel and Kate 13 Scott Galloway, MBA 92, Program Award and Jorge Tellez, MBA 19 Reception 14 Dan Asera, BS 69 May 3 Berkeley Haas Gala 15 Lifetime Achievement Award winner Ikujiro Nonaka, OCMBA Laguna MBA 68, PhD 72 Sawdust Festival 16 Leading Through Innovation July 11 Award winner John Hanke, MBA 96, and Dean Rich Lyons, Laguna Beach, CA 13 14 15 16 BS 82 UC Team 10K 17 Monica Stevens, MBA 96,

AARON SCHASSE, HEROMADE PRODUCTIONS AARON SCHASSE, the Raymond E. Miles Alumni July 15 Service Award winner, with London, England Former Haas Dean Ray Miles 18 Joffa Dale, MBA 67, and Summer Picnic & Ellen Dale Welcome Party 19 Sakshi Chadha, MBA 14, Culture Talk and Hiroko Ninomiya, MBA 14 August 19 Dean Lyons and Prof. Chatman discuss the state of the Mountain View Brian Maxwell Fellows Homecoming Defining Leadership Principles Lunch 17 18 19 20 20 Francis Wong, MBA/ October 13 MPH 14, and Somiran Gupta, Berkeley The Berkeley Leader: Live! tour, celebrating the Codifying, Embedding, and Sustaining Culture,” offers MBA 19 impact and achievements of Dean Rich Lyons, BS 82, a detailed history of the dean’s initiative, its successes, 21 Carrie Gladstone, MBA 17; Haas Gala Jennifer Maxwell; and Abi November 2 landed in Los Angeles in January. Lyons took the and the gaps that remain. Ridgway, MBA/MPH 11 San Francisco stage with Jennifer Chatman, PhD 88, Haas’ Paul J. The event was held at Raleigh Studios, thanks to Old Blues Cortese Distinguished Professor of Management, to host and sponsor Mark Rosenthal, BS 82, who 22 Tom McCullough, BS 67, Remain a Student Always discuss how Haas can maintain its culture. The two announced a gift of $10K to the Dean Lyons Faculty PhD 77, and Cindy McCullough, online through videos of co-authored a case study that takes a candid look at Leadership Fund during his introduction. Lyons MBA 76 Berkeley Haas faculty and 23 Joanie Ciardelli, BS 64 speakers at insights. our culture initiative. capped off the evening with a rousing rendition of 21 22 23 24 24 Paul McKnight, BS 50, and haasalumni.org. The study, “The Berkeley Haas School of Business: “Mack the Knife” on his guitar. Mimi Knox, BS 50

26 BerkeleyHaas Spring 2018 27 In the Back In the Back

Submit your alumni note: Haas Alumni Notes haas.org/submit-alumninotes

ALUMNI NEWS: Accolades and Books UNDERGRADUATE off to Central and South approaching 35 years. I for good to co-create a on. I am happy to report most important search America, where we will also volunteer for cancer more equitable economy, that I have entered into engagements and is a 1950 see family and old friends charity CLIC Sargent.” a more just society, and a a partnership with Chef frequent speaker and Person of Influence Inspiring Women from my Peace Corps and sustainable future for all.” Thomas Keller, a mentor, presenter at conferences Mimi (Mary Renard) USAID days, alongside 1978 friend, and someone and workshops nation- Kristin Nicholson, MBA Knox, of Walnut Creek, 93, received the “She Does” the sights from Mexico to Last year, Kent Halkett 1991 with whom I share vision, ally. She has been a key Calif., announces, “Class Guatemala, Panama to compassion for human- contributor to new city Award at the SHE-CAN of 1950 president, Dick moved to Brentwood, Elena Gomez was ap- Peru, and ending in Chile.” Tennessee, was admit- pointed in October to ity, and a strong work administrations with (Supporting Her Educa- Ingraham, will invite a ethic. The new venture recent placements of tion Changes A Nation) an- distinguished speaker ted to the state bar, and the board of directors of 1969 joined the Tennessee Al- Smartsheet, a plat- is about connecting several executive team nual gala in November for to address fellow people and sharing the members for the cities of classmates at our 68th Rowland Reeves, of Sac- liance for Legal Services. form for managing and her passion and dedication ramento, Calif., writes, He provides legal advice automating collaborative passion of finesse and Oakland, Berkeley, and to the organization. SHE- reunion in the Stadium perfection. We will source Santa Monica. She has University Club, May “Have been retired for to residents across the work. Gomez is the CFO CAN connects professional two years after 27 years state, focusing on the of Zendesk and former the best ingredients also led the expansion 23, 2018. Save the Date in luxury food for our U.S. women with young as a computer applica- special needs of senior senior vice president of of the firm’s practice into Jennie Ho, BS 08 cards have been mailed, restaurants, community, the New Orleans and female leaders from post- or emailed, to those tions and technology citizens. Kent, wife Kim, finance and strategy at conflict countries to help teacher. Prior to teaching and daughters Megan Salesforce. (See profile and extended families. Detroit markets. awareness of women classmates on the UC I have relocated to the Liz Lowe, MBA 15 them win U.S. college schol- alumni rolls.” retired after 15 years and Bailey spent the on p. 23.) empowerment and gen- from a large wholesale Christmas holidays in beautiful Napa Valley. der equality in Asia, I’m arships and become global Despite the recent fire, Liz Lowe, MBA 15, was agents of change. Several 1963 warehousing and delivery Rome, Paris, and London. 1996 excited to announce the the community is coming launch of the #HerCall named an Influentialclassmates were on hand to company. Enjoying retire- Their trusted golden Sean Peishen Feng, of ment; vacationing with retriever, Golden Bear of back stronger and with a movement on January 1, Leader by the Associa- cheer Kristin (see note for Albany, Calif., writes, “My more focused spirit. The 2018. I co-founded She- family, pursuing new in- California III, guarded the company, Space Coatings tion to Advance Colle- Cynthia Harris, MBA 93). terests, and participating homestead. sky is blue again, the air Hub last year with Pa- giate Schools of Business Inc., is a winner of mili- is sweet, many winer- trizia Yeung in Hong Kong, Melissa Kelley, MBA 93, and in neighborhood and city tary R&D awards. With (AACSB). Lowe, the in- improvement efforts.” 1990 ies have already started believing women need Jennifer Weiss, MBA 99 DOD permission, our two to rebuild, and I am so to take charge and have novation lead for sustain- See MBA Suresh Bhat new patents will allow us excited to look forward to the total right to decide ability and social impact Weiss, MBA 99. Kelley 1974 1998. to launch a civilian prod- sharing my new chapter when and how to meet at Adobe, was honored is the executive director Thomas Leaver, uct that should change Our Defining with you.” their life agendas and for diversity and inclu- of the Sonoma County Re- of London, U.K., Principles the construction world sion efforts. gional Parks Foundation, served from goals. Through a series Beyond forever, i.e., cheaper, bet- 2001 of campaigns … we are which provides funding for August 2014 Yourself ter, and faster. Email me if Will Edmonson, BS 01 through Sep- committed to strengthen World Powers the 56 parks in the area, and you’re interested: sean@ our community by uniting volunteer board president tember 2017 as spacecoatings.com.” Will Edmonson, of West an independent director empowered women and of Impact 100 Redwood Mirian & Sonny Low, BS 63, Hollywood, Calif., reports, and chair of the Conflicts 1997 amplifying our impact Circle. Weiss is CEO of the at Angkor Wat, Cambodia, “I continue to practice together. In the past Kristin Nicholson, MBA 93 Committee on the board Boys & Girls Clubs of Cen- October 2017 Shaoching Bishop is law, primarily handling decade, [my experiences] of VTTI Energy Partners now president of Bishop business litigation and Rocking Finance tral Sonoma County, which GP LLC, an NYSE-listed working and living in currently serves 6,600 Sonny Low, of Our Defining Keller Inc., doing busi- transactional matters multiple continents for a Mike Cairns, MBA 93, Principles MLP with over 50 million members in 40 clubs in Chula Vista, ness as Regiis Ova, an for individuals and small Fortune 500, a fast-grow- was named among 15 “rock Calif., reports, Confidence barrels of petroleum exclusive private line of businesses. Before start- the region. without products and crude oil ing Silicon Valley startup, star” North Bay CFOs in “After a dozen Attitude luxury products and busi- ing my own firm, I was a storage in key logistics and then taking over my 2017 by the North Bay Busi- years retired ness consulting services partner at Doll, Amir & family’s construction Scoring Big from the U.S. hubs in Malaysia, Fujai- Timothy R. Yee, BS 90 designed and tailored Eley LLP and an associ- ness Journal. Cairns was rah, Amsterdam, Rotter- manufacturing business Agency for International toward demanding chefs ate at Gibson, Dunn & have given me a tremen- honored for his work at the dam, Antwerp, and Port Timothy R. Yee, of Alam- Development (USAID), my in the U.S. She writes, Brett Byers, BS 01 Crutcher LLP. Previously, dous life lesson as a San Francisco Theological Canaveral. He also served eda, Calif., announces, wife, Mirian, and I have “September marked my I served as a law clerk in leader and generally just New book by Scott Galloway, Seminary in Marin County. on the Audit Committee. “My firm, Green Retire- revved up our energies fourth year at Sterling the federal district court as a citizen of this planet. MBA 92 After managing the suc- ment, Inc., just funded Brett Byers, of Our Defining to travel the world! For Caviar, and I am ready Principles and the federal appeals … [Am] currently serving cessful recapitalization an Innovation Entrepre- Los Angeles, starters, we flew off to to move on to the next Question the court. I offer big law firm three roles simultane- In of the Dubai Mercantile neur seat for the Social has been Status Quo The Four: The Hidden Thailand, Cambodia, and challenge—a new ven- experience and talent at ously as founder and CEO Exchange, he stepped Venture Network (SVN). promoted DNA of Amazon, Apple, Vietnam in October. There ture to share with family affordable rates. Please of Beiter Technologies, an down in 2012 as CEO SVN is a community of to executive Facebook, and Google we glimpsed Bangkok, and friends. At Sterling feel free to contact me at early-stage construction of the first exchange to leaders committed to vice president at The (Portfolio, 2017), Scott explored the temples we went from selling less 424-248-9581 or will@ technology firm based in ever successfully launch using their businesses Hawkins Company, Inc., Galloway, MBA 92, and saw the stone bas- than 300 kg of caviar in whelawfirm.com if I can San Francisco; general a sovereign producer for the greater good. Its an African-American looks at how the world’s reliefs of Angkor Wat, and 2013 to well above 4.5 help you with anything.” manager of Woodwell backed physical crude Innovation Entrepre- owned and operated PHOTO: MIKE WONDOLOWSKI PHOTO: captured some of the tons by August 2017. We International Group, a most influential compa- oil contract for the East neur Program supports executive search firm. Matt Anderson, BS 17 sights and sounds of an created and maintained 2004 manufacturing business nies rose to prominence. of Suez market, which women entrepreneurs, She will continue to economically booming some wonderful partner- based in China; and With an irreverent style, became the world’s larg- young entrepreneurs, and provide executive search Chris Natividad See note Ho Chi Minh City (Saigon). ships and regrettably lost co-founder and COO of he investigates how The Cal placekicker Matt est physically traded oil entrepreneurs of color services to clients in the for Art Amador, MBA 16. Mike Cairns, MBA 93 We basked in the sun a few that I still value and SheHub, a social startup Four infiltrated our lives Anderson, BS 17, was contract. He continues as they build companies corporate, government, on a cruise of Halong treasure in my heart.… I to advocate for gender so completely that they’re named the 2017 Pac-12 to work as an external that are best equipped nonprofit, and education 2008 Nonprofit Stars Bay that glided through am grateful to the man- Our Defining equality based in Hong consultant to McKinsey for success. At Green Re- sectors. Byers joined the Jennie Ho, of almost impossible to avoid Football Scholar-Athlete crystalline waters punc- agement and employees Principles Kong.” Last summer, Two alumnae have won the on pricing, transparency, tirement, we believe that firm in 2010 as a search San Francisco (or boycott). He also re- of the Year. Anderson tuated with vegetation- who went through the Beyond Jennie self-funded and North Bay Business Jour- and trading matters from supporting this program consultant and was and Hong Yourself veals how you can apply played in 38 career games covered limestone towers ups and downs with led a four-week market- nal’s nonprofit leadership time to time, otherwise is very much aligned with subsequently promoted Kong, writes, the lessons of their as- and became Cal’s all-time and saw French archi- me. Business can be ing program for a small awards: Melissa Kelley, retired. He adds, “Contin- our own mission of using to managing director. She “With full passion cent to your own business career leader in scoring this tecture still in Hanoi. In challenging at times, group of Berkeley non- MBA 93, and Jennifer ue to live in London, now our business as a force has been instrumental in and a clear mission to raise or career. season with 316 points. 2018, we will be cruising but my passion carries leading some of the firm’s business undergradu-

28 BerkeleyHaas Spring 2018 29 In the Back In the Back

Haas Alumni Notes Save the date: MBA Reunion Weekend, April 27–29, 2018

Undergraduate leap. I promise, no matter to pack her life into two career, plans for retire- mostly with the Naval Asia and Latin cont. what, you won’t regret it!” suitcases and move to ment, and his ownership Reserve, where he rose to America as #THANKSRICH New York City. She is of the Vancouver Cana- the rank of captain. In a an economic 2010 currently in her second dians, a minor league parallel career, Wally be- program devel- ates. This year, Beiter is semester at Columbia baseball team. See http:// came a CPA, working first oper, including an official sponsor for the University pursuing an MS haas.org/jake-kerr. for Deloitte & Touche and for an MS in Tools & Tiara Construction in strategic communica- then moving to the Roy international Skills Summer Camp for tion. Carmen loves the Big 1968 F. Mitchell firm in Santa economics at girls ages 6 to 19 in New Apple and is applying her Jean-Louis Alpeyrie, Rosa. In 1969 Wally joined Johns Hopkins. York City. of Kennebunkport, Maine, the accounting faculty at Since work retired in 2013. Jean- Sonoma State University overseas, I was 2009 Louis writes, “I am the (SSU), where he taught elected to the proud father of Jonathan for 32 years. Retiring as boards of two Last fall, Nikhil Arora professor emeritus in and Alejandro Velez, co- Alpeyrie, war photogra- nonprofits—an pher and photojournalist. 2001, Wally continued his international founders of gardening-kit own accounting practice and food company Back Amy Young, BS 11, weds Jonathan Gregory, with Katherine Maslyn, He was kidnapped in adoption agen- BS 11, as maid of honor and Davin Chang, BS 11, officiating. Photo April 2013 and freed after with local clients. An ac- cy and a restor- to the Roots, celebrated tive and widely engaged Home Depot’s creation by Michael Chen, BS 10 81 days. He co-wrote The ative justice Naomi Cheng, BS 10, in Alaska Shattered Lens about his community man, Wally group involved of a Back to the Roots was involved in many indoor gardening section 2011 and a half. We decided ordeal. It is a harrowing with teaching local organizations awareness and in more than 1,200 stores. Naomi (Nie Fan) Cheng, Amy L. Young married the best place to meet story of survival, but also of Mountain View, Calif., up would be Nyiragongo, one of finding humanity including the SSU Aca- mentoring pris- Jonathan Gregory in June demic Foundation, Santa oners. I found started a new job on the 2016 at the UC Botanical a part of Virunga in your captors and learn- Technical Accounting and National Park in the Carmen Zheng, BS 17 ing about their language Rosa Rotary Club, Luther storytelling to Garden in Berkeley. She Burbank Center, Sonoma be helpful with SEC Reporting Team at writes, “It was really DRC. Highly recommend and culture. It also deals Netflix, working on imple- the trip and watching Haas business acumen with the idea of freedom County Museum, Sonoma inmates—by special to celebrate our as a strategic marketing County Farmlands Group, reducing the menting new accounting wedding with family and the documentary while a hostage and the standards as well as Virunga!” and partnerships intern lure of violence.” Sonoma County Alliance, gravity and many Cal/Haas friends in for LeadDog Marketing North Coast Hobos, and lightening us quarterly SEC reporting. California, as I moved to She took an “amazing” RV 2017 Group, a digital and expe- Empire Breakfast Club. up. I compiled a Before he leaves the stage, honor the enduring London a few years ago. At SSU, Wally founded story collec- trip through Alaska and My new husband and legacy of Dean Rich Lyons by sharing your will be married in March. the Accounting Forum, tion of ‘people I enjoyed our month- where he developed in a pinch’ and favorite memories of him on Twitter, Facebook, long honeymoon in and maintained career wrote an article or Instagram using #thanksrich. New Zealand this contacts with the major in Pearls of Ash December/January.” international accounting and Awe (2015) Share your story and be entered to win a Berkeley

firms, co-founded the on bearing HITS GREATEST RICH LYONS: Haas Klean Kanteen. Kourosh Zamanizadeh, BS 2014 Wine Business Institute, witness at 09, MBA 18, and Ryan Alshak sponsored accounting Auschwitz. during their 10-week stint in scholarships, and gener- “These years London for their startup ously mentored hundreds our family is Students Always, Beyond 1977 of students. Wally’s enjoying annual treks Yourself—right stuff so Kourosh Zamanizadeh, family suggests memorial of San Francisco, writes, “I abroad, including the needed in our world today. Jean-Louis Alpeyrie, MBA 68, contributions to the SSU Camino de Santiago in Wishing you fair winds and decided to try something Wine Business Institute. new in 2017—to take a and his son, Jonathan, on the 2014, Tuscany, the Cape following seas in 2018.” cover of his book Breton Highlands, and, in perceived risk in pursuit Class of 2017 undergrad alumni Rachel Lee, Mitchell Quon, and 1970 of a personal dream. I Madison Pauly 2017, the Nakasendo Trail 1971 1969 in Japan. Also, much ap- left my career to start a Bruce Blackman writes, Max Oliva, of Spokane, Cynthia Xu, BS 10, and riential marketing agency company with my friends. Madison Pauly, of San Wally Lowry, of Santa “Lo these years, I’m grate- preciation for the Defining Wash., reports, “After Michael Cao specializing in sports and Rosa, Calif., passed away ful for my Berkeley MBA Leadership Principles of Our startup, Ping, is an Francisco, writes, “I, entertainment whose top living and working in Las AI-powered solution that along with fellow Haas on September 14, 2017, training and how it has Berkeley/Haas: Question Vegas, Nevada, for six Cynthia Xu, of San Fran- clients include Red Bull, after a medical struggle helped me in the world. I the Status Quo, Confi- automates timekeeping alumni Rachel Lee and Audi, and Chipotle. After years, I am now located for lawyers and provides cisco, married Michael Julie Brown, BS 14, and VK Vu Mitchell Quon started that began with a hard worked 25 years in East dence Without Attitude, in Spokane, in a house Cao, BS 2010 (EECS), in graduation, Carmen plans fall while attending a data analytics to large Julie Brown, as business technology to further her passion across the street from law firms. We’ve scaled to October. The couple met CPA breakfast. A native of Kampala, Our Defining analysts at Deloitte Con- for digital marketing and Gonzaga University. In Las 12 people, built an incred- during their senior year Principles sulting in San Francisco of Chicago, he moved Vegas, I was the only Je- Book by Lynne Levesque, at Cal and tied the knot in Uganda, communications by enter- often with his naval ible product, and signed reports, “I just Beyond in September.” ing the tech or mobile suit, now I am one of 25! MBA 77 our first major anchor Carmel Valley, California, Yourself family before settling in My main ministry, though, after eight years of long had a reunion apps industry. Pacific Grove. He earned customer (an 800-person with another Carmen Zheng, is still in the desert. I fly Lynne Levesque, of U.K. law firm). I never distance post-college. In of New York Our Defining a bachelor’s degree in down each month and Haas alum, climbing Principles Boston, announces, “I’ve imagined I’d have to move attendance were family City, upon economics at Stanford stay for a week in Vegas launched a fourth (or is it Nyiragongo volcano in Beyond to London for the summer and many dear friends graduating Yourself University, where he to continue some of the a fifth?) career as histo- from Cal. Cynthia currently the Democratic Republic met his wife, Ellie. They to pursue my dream, but of Congo. VK Vu and I with a double MBA activities I was doing be- rian/author, using my re- starting a company will works at Tencent in busi- major in busi- married in 1955 and lived fore, including giving a talk search, analytical writing, ness development, after had a public speaking in San Francisco, where push you in ways you class together at Haas. ness administration and 1967 on ethics at a business and project management can’t really prepare for. having completed an MBA media studies, turned Wally studied accounting luncheon and facilitating skills, honed after all at Wharton. Michael, an She moved to South Jake Kerr, former CEO of at Golden Gate Univer- I hope that anyone who Africa recently, and I down the role of market- Lignum Forest Products an evening of cigars/wine those years in business. is considering entrepre- MBA from Kellogg, cur- ing and sales manager sity. He then joined the and meaningful conversa- Last year I published, in rently works in product have been living in LLP, was profiled in Busi- Navy, serving for 29 years Bruce Blackman, MBA 70 (far right), and Joan Blackman and neurship will take the Uganda for the last year at Ford Motor Company ness Vancouver about his tion with the group’s 14 English and French, a marketing at Adobe. friends on the Nakasendo Trail, Oct. 2017 members.”

30 BerkeleyHaas Spring 2018 31 In the Back In the Back

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MBA cont. (high prices due to dry end of my fifth year as a 1990 Melissa Wittmeier Mc- Kim Wirtz, Michelle economist, and has been support decision making, season) accompanied Deloitte Consulting Part- Cullough, of Chicago, Buckles, Rob Pascual, a professor, teaching and focused on metrics by an enviable array of ner. As part of Deloitte’s reports, “I’m still run- Sandra Stumbaugh, and economics, at Kyorin that matter, among other Barolos and Barbares- partnership agreement, ning Immersion Chicago, Lisa Thomas were also University in Tokyo. accomplishments that history of the life of my cos. Our VRBO cottage on I am going to be ‘retiring’ where I teach, trans- on hand to cheer Kristin improved the financial 17th-century ancestor, the outskirts of a hilltop from Deloitte in May and late, edit, and conduct as she was presented 1996 health of Berkeley Haas. Jeanne Chevalier (http:// village near Alba had a will be back out on my research in French and with this prestigious David Cowan, of Santa amzn.to/2AH97O6). fine view of the vineyards own again—working as English. Since 2016, I’m award. Clara, Calif., announces, “In Early this year, Jennifer This project has almost and snow-covered Alps. an advisor to Deloitte and also on the faculty at the June 2017, I co-founded Cook became CEO involved living in France Altogether, a busman’s as an analyst and con- School of the Art Institute Nikolaos Panagiotis Kar- Silicon Valley Sales Group. of cancer detection for the last year, trying to holiday for us Napa sultant to HR leaders and of Chicago. My son, Nich- ras, of Athens, Greece, We own and operate startup Grail, which prove that anyone at any Valley winegrowers. The HR technology vendors olas, is a sophomore at recently served his last the Sandler Training in 2017 pulled off the age can learn to speak a Piemontese are gener- around the world.” the University of Vermont day with Opel Hellas, for- center in Silicon Valley, largest-ever private new language!” ous with their time and and my twin daughters, merly owned by General where we provide sales biotech financing round. their wines, a fine tradi- Julie (Sloman) Chrisman, MBA 87, with Class of 1986 alumnae Alexandra and Sophia, Motors before being sold and sales management Cook has over 30 years 1980 tion that we endeavor to Jean (Nozawa) Pelfini, Karen Criddle, Robin (Rasure) Roeper, Laura Caroline Winnett, MBA 90, are juniors at the Lycée to PSA Group, and writes, training, professional experience in the life emulate when Sangio- (Hudson) Evans, and Tonia (Sabatini) Rubin “I served in various sciences, a majority Jose Miguel Herrero, of Berkeley SkyDeck executive di- Français de Chicago.” coaching, and leadership vese fans visit us at Villa leadership positions in of which she spent at San Sebastián de los rector, and Chon Tang, Berkeley development programs for Ragazzi. We’re happy to 1986 client assignments. Here sales (fleet key account Roche/Genentech. Reyes, Spain, writes, SkyDeck fund manager individuals and corporate share recommendations in town, we are currently manager) and market- “After many years as a Karen Criddle, of Bel- customers. I love being with anyone considering focusing on sea-level ing (marketing services Inese Lowenstein has serial entrepreneur (in levue, Wash., writes, Caroline Winnett, of back in the classroom. a trip to Piemonte; email rise, major changes manager, responsible been appointed president Spain), including two “More than 30 years Berkeley, Calif., reports, And the feedback we’re kids@villaragazziwine. in transportation, and for all advertising, motor of SCIEX, a life science internet successes in after graduation and still “2017 was quite the year getting from our students com.” the evolution of the elec- shows, product place- analytical technologies the first wave of internet enjoy hanging out with at Berkeley SkyDeck. We is fantastic! Our door is trical system.” ments, dealer training, company. Lowenstein and public company CEO classmates. Each fall a raised a $20M fund to always open for anyone 1981 CRM, etc.). Looking for joined SCIEX in 2016 as experience (Nasdaq), group of us MBA women invest in our startups, who wants to drop by to 1987 new career opportuni- senior vice president of I went back to Spain John Wolf passed away meet for a long weekend. and the fund will donate participate in one of our ties; suggestions, offers, global sales and service and founded Big Sur November 20, 2017, at I love this opportunity Christopher Scharff, CEO half of fund carry (prof- weekly classes. more than welcome! and spearheaded the Ventures. Now an early- home. He was 62. Ac- to reconnect with some of DG Brands, parent Ralph Garcia, Jr., MBA 88, and its) back to campus. It’s “On the personal side, Would also be interested establishment of the first- stage VC tech investor cording to his obituary, amazing women. This company of the cos- his wife, Jean, flank a tour the first fund of its kind we’ve passed along the in returning to the U.S., ever SCIEX Diversity and of reference. For those John had a 32-year year we hit the Big tume and lingerie label guide at the Fairmont Le Cha- and will support both Cal tradition to both our starting a new career, Inclusion Council, serving of you who know a little career in finance with Apple—so much fun!” Dreamgirl International, teau Frontenac in Quebec City Berkeley startups and children. Our daughter, ideally in the San Fran as its executive champion. history, you’ll understand IBM and retired in 2013. left the company after our wonderful univer- Melissa Wittmeier McCullough, Natalie, graduated from area. Married since the choice of name. My He loved music, danc- 14 years to pursue other Ralph Garcia Jr., sity. We also placed our MBA 91 (third from left), with Cal with the Class of 2005, I have a wonder- 1999 eldest of three kids just ing, and traveling and ventures. Scharff bought of San Mateo, Our Defining beautiful, lighted logo on her kids, Alexandra, Sophia, 2015. And our son, Joe, is ful daughter, Christina, started reading econom- was an avid golfer. He Dreamgirl in 2003 and Calif., reports, “I Principles top of our building, 2150 and Nicholas a sophomore at Berkeley; Nancy Riess, of 8 years old. She goes to ics at UCL (London). was well known for his built DG Brands into a am starting my Students Shattuck. Next time you he’ll be applying to Haas Baltimore, writes, “I Always Athens College, a Hellen- Proud.” quirky sense of humor, $30 million business 30th year in the are downtown, look up for the undergraduate visited San Francisco ic-American institution, quick mind, and exten- producing costumes and wealth manage- and see it, especially 1993 25th Reunion business program this for the JP Morgan getting prepared for sive knowledge of all lingerie sold in more than ment business. Barrows at night.” [Editor’s note: spring!” Healthcare Conference April 27–29, 2018 studying at UC Berkeley, things rock-n-roll. In lieu 2,000 retailer accounts Hall must have provided Read Caroline’s Personal on behalf of Johns of flowers, memorial con- around the world. Today, of course!” , the Hopkins Medicine. me with stamina and View on p. 40.] Cynthia Harris co- Trevor Traina tributions may be made the company has 12 While there, I was perseverance. My wife, chaired the SHE-CAN founder and CEO of to one of John’s favorite U.S. sales representa- 1994 “experience” company thrilled to re-connect Jean (MA, Art History), 1991 (Supporting Her Educa- Our Defining charities, Shriners Hos- tives and more than 20 Nobuyuki Oda, Principles with some wonderful and I recently visited Klaus Koerner, of tion Changes A Nation) IfOnly, has been pitals for Children. P.O. international distributors. of Tokyo, left Question the nominated by President classmates, including Quebec City. We highly Brussels, writes, Our Defining annual gala in November, Box 1510, Ranson, WV Scharff came to Dream- the Bank of Status Quo Trump to serve as U.S. Amy Jones, Kirsten James Frolich, MBA 86 recommend Christmas “It is great to be Principles where classmate Kristin 25438. girl after serving as vice Japan, after ambassador to Austria, Barker, Gleb Budman, as a time visit to this reconnected Beyond Nicholson was presented James Frolich, of San president at the BCBG Yourself working for 29 Julie Templeton, Hana magical place.” to the Berkeley with the “She Does” according to the Office 1982 Francisco, announces, Max Azria International years as a central bank of the Press Secretary. Rotman, Lynn Valdivia, “After leaving California in Group. His career also community after Award (see Accolades). Jeri Harman, the CEO of 1989 a while. Having taken and Rain Rider. We all 1990 for Europe, followed includes executive posi- agreed—it’s impossible Avante Mezzanine Part- Stewart Noyce, of San up responsibilities for by the Pacific then Cana- tions at the watchmaker 1998 20th Reunion to believe 18+ years ners, was named in the Anselmo, Calif., an- Denmark recently in da, I have returned to San Movado Group and St. April 27–29, 2018 have passed since our Michaela Rodeno, MBA 80, January issue of Mergers nounces, “I just recently addition to Austria and Francisco, where I am a John International. He got incredible, unforgettable with a ’71 Barbaresco from & Acquisitions magazine finished a three-month Finland lets me explore principal and national his start in the apparel Haas MBA experience. her home cellar, enjoyed after as one of 35 leading early access program the Nordic dimension to Suresh Bhat, who served consulting manager for business at Lanz Inc., a As for career updates, I returning from Piemonte female transaction pro- for my GAUGE system of the economy and society. as Berkeley Haas CFO Ecology and Environ- manufacturing business have completed my fifth fessionals in mid-market startup strategy develop- I continue to assess for for more than three ment, one of the leading founded by Scharff’s year at Johns Hopkins Michaela Our Defining M&A. Harman has over ment and refinement. the European Commis- years, became the CFO Principles environmental and father in 1938. Medicine as director of Rodeno, of 30 years of industry ex- Three companies from sion the contribution of of the William and Flora Students sustainability consultan- business development Napa, Calif., perience and more than three industries gave the education system to Hewlett Foundation Always cies in the Americas. I am and strategic alliances. updates as $1 billion worth of deals 1988 30th Reunion their big ideas a confi- smart, sustainable, and last November. While responsible for helping We forge alliances with follows: “In to her credit. April 27–29, 2018 dence boost. I am now equitable growth. This leading the finance team take the company to the commercial and other November, Gregory taking on clients who analysis feeds into the at Haas, he created a next level, growing our third-party entities to and I spent two glorious need to raise capital for EU European Semester more effective budgeting 1983 35th Reunion client network, service Josh Bersin, of Oakland, co-develop new health weeks visiting wineries their emerging startups, and the EU 2020 Strategy. process and buildout of lines, and geographical Calif., updates as follows, MBA Class of 1993 classmates Kim Wirtz, Michelle Buckles, Kris- IT solutions, disseminate in Piemonte and dining April 27–29, 2018 using the GAUGE method In February, it will be a long-range financial coverage. I will also be “In 2012, I sold our busi- tin Nicholson, Rob Pascual, Cynthia Harris, Sandra Stumbaugh, clinical programmatic on mushrooms and and software to increase 20 years of working for model, instituted new responsible for direct- ness to Deloitte, so this and Lisa Thomas, with (in front) Vuochnear Ly, SHE-CAN scholar expertise, and impart expensive white truffles their odds for success.” the EU.” ways of using data to ing major and complex year (2018) marks the from Cambodia Hopkins-developed

32 BerkeleyHaas Spring 2018 33 In the Back In the Back

Remain a Student Always with videos of Haas Alumni Notes Berkeley Haas speakers: insights.haasalumni.org

MBA cont. We’ve been delighted helping me craft my tion, I helped transform ing to Jakarta, we have 2007 2009 by the responses that marketing plan, connect- the company from a sleepy managed to fit in trips Tim Kuruvilla, co-founder Holly Shelton, CEO of we’ve received from kids, ing me with key individu- little meat manufacturer to Western and South- and chief commercial MoveWith, a personal parents, politicians, and als at target companies, into a millennial-focused eastern Australia and, officer of Viewics, sold the fitness app that deliv- even U.S. Supreme Court best practices to touch and lifting my spirits enterprise through new within Indonesia, to health care analytics com- ers audio workouts from justices.” the greatest number of through the inevitable product launches and see orangutans in Kali- pany to Roche last fall. well-known coaches, lives possible.” ups and downs of a targeted marketing that mantan’s Camp Leakey earned praise in a Busi- Tanya (Shaw) mid-career transition included ad campaigns, and Komodo dragons in Our Defining Congratulations to April ness Insider article as , Nilmini (Gunaratne) Steinhofer Principles process. Luke Kreinberg’s a new website, and expe- Komodo National Park. Underwood and her one of “50 startups of Mill Valley, Rubin, of Chevy Chase, Beyond poise and presence riential marketing. Have If you find yourself in husband, Matt Herrero, that will boom in 2018, Calif., an- Yourself Md., writes, “My 9-year- interviewing workshop, been living since 2002 with this region of the world, on the birth of their first according to VCs.” old daughter, Araliya, and nounces, “I was which I first attended in my wife, Bonnie, and two please contact me baby. The boy, named I wrote a coloring book honored to learn March 2017, was boys, ages 10 and 14, in Al- at sebretthauer@ Sam, was born at 1:18 2010 called The United Shapes I’ve been named recipient tremendously useful. ameda, where I occasion- mindspring.com.” Nilmini Rubin, MBA 99, with a.m. on January 1—the Deepak Goel, of Folsom, of America. Each page of the national Heart of Tenny Frost, executive ally run into Arshad Carim first baby of 2018 at her daughter, Araliya MBA Class of 2005 alumni at their mini-reunion. Front: Edwin Calif., reports, “I have depicts a state and you Financial Planning award director of alumni and Nik Dehejia.” Melissa Dickerson, Marin General Hospital in Mok, Sharon Chen, Geoff Wolfe, Anthony Kong, Heather Newlin, been gradually building can color in the con- learn about the political by the Financial Planning relations and develop- CFO and managing Greenbrae. According to gressional districts. It’s landscape of our country Association. This award ment, reassured me that 2002 director of private equity Lee Ann Bird, Waldemar Mozes, Mandy Nelson. Middle: Appaji KarmaCircles over the the Marin Independent last couple of years, and been a fun way for us to and gerrymandering. recognizes people who Haas was going to be Chris Sklarin, of Cleve- firm Genstar Capital, Malla, Ravi Anaparti, Landon Browning, Jeff Bray, Andrea Tarble, Journal, Sam received a give back to the profes- there for me and was named in the Janu- Heather Horne, Janine O’Neill, Lisa Cui. Back: Yan Chow, Don Bar- I’m proud to say we’ve put land, Ohio, writes, “I gift basket from the together a very impres- sion and the public in a connected me with other recently joined Alumni ary issue of Mergers & netson, Greg Sowa, Dan Bellisario, Reuben Gallegos, Ben Martin, hospital. variety of ways. I guess all Haas alums during the Acquisitions magazine Howard Chen, Phil Strauss, Arun Ramamoorthy, Bimal Sangari, sive technology team. Ventures Group as Now that the heavy lifting my volunteer efforts have search process. And Dean managing partner of as one of 35 leading Renxin Xia. Photo: Waldemar Mozes finally paid off!” Rich Lyons, BS 82, offered female transaction pro- 2008 10th Reunion of the core KarmaCircles Castor Ventures, an product is pretty much support in the form of MIT-focused venture fessionals in mid-market are going viral! Last time Loren Taylor, of Oakland, April 27–29, 2018 2001 ideas and connections M&A. Dickerson built out there were 12, this time Calif., decided in January done, the tech team fund. We have eight other can take on a couple Raj Manghani relocated after he learned that I Genstar Capital’s opera- 27 able to make it to to take his passion for sibling funds, including of projects building back to the Bay Area from was in the midst of a tional infrastructure as S.F.’s Pier 1 for lunch on a underserved communi- Strawberry Creek for products for other Asia in early 2017 and career transition. Little it grew from $200 million beautiful Friday, Septem- ties to the next level by Berkeley alums. Looking companies. We call it has also transitioned did I fully know about the to $9 billion in assets ber 29. The venue was launching his campaign forward to new chal- Product Studio. If you careers. He reports, “I power of the Haas under management. the new Prologis confer- for Oakland City Council, lenges and exciting know anyone looking have accepted an exciting network and brand in ence center, hosted by District 6. As a third-gen- growth with this opportu- for high-quality, reason- new opportunity with helping navigate this Jeff Bray. Organizers eration Oaklander, Loren nity in 2018 and beyond.” ably priced software Calypso Technology, an transition. I am extremely were Waldemar Mozes, is committed to being the development services, established San grateful to be a Haas Landon Browning, and transformational civic I’d appreciate a quick Francisco-headquartered alum and part of this 2003 15th Reunion Janine O’Neill.” leader who ensures all intro. Our engineers bill fintech, as the company’s wonderful community.” April 27–29, 2018 residents benefit from at $12 to $20 per hour, global head of product the investments made depending on the management and a into Oakland’s revitaliza- project’s scale and scope. member of the firm’s tion. During the cam- We will offer a small operating committee. I paign, Loren will work Do you use Michael Badalov, MBA 08, with commission (around 5 will be responsible for at a reduced capacity fiancée, Jessica Guterman, and percent) to those whose driving product strategy for the social impact new baby, Miles Jacob Badalov introductions convert to and execution across the consulting firm (custom- alumni business. Details at product suite for the tayloredsolutions.com) Michael Badalov, of San http://www.karmacircles. more than 700-person Jen Sang, MBA 03 that he started after an Francisco, and his fian- com/ps.” email forwarding? firm that was founded in 11-year consulting career cée, Jessica Guterman, 1997. This would not have Jennifer Sang, Our Defining with Pricewaterhouse- welcomed Miles Jacob of Hercules, Principles Coopers. To learn more 2012 been possible without Confidence to their family in October. support from the broader Calif., an- without about Loren’s cam- They write, “He gets big- Siva Sethuraman, To keep it going, or to set it up, you need Haas community, particu- nounces, “I got Attitude Gautam Ghose, MBA 05 paign for Oakland City ger by the day, chats up a of San Ramon, Calif., to get an @berkeley.edu email account. larly my fellow MBA 2001 a new job on the Council, check out storm, and loves his long writes, “2017 brought classmates Marty Berkeley campus. After Gautam Ghose, of www.lorentaylor.org. walks around the city.” great changes to my nearly four years running Milpitas, Calif., writes, “I All alumni email addresses ending in McMahon, Joe Del Callar, Eric Bretthauer, MBA 03, with daughters Sydney and Rachel; professional career. Rohan Kalbag, and David son, Blake; and wife, Sara, along the Great Ocean Road west the Fung Institute at the highly recommend the After a much cherished mba.berkeley.edu, haasalum.berkeley.edu, Ko, who went out of their of Melbourne College of Engineering, renewable energy sector nine-year stint with and alumni.haas.org will now be way to connect me with I just joined the College as a rewarding career Pacific Gas & Electric I Todd Wehmann, of Alam- of Environmental Design choice for anyone look- took on a new role with managed through this @berkeley account. their respective networks Eric Bretthauer, of Ja- while offering time to eda, Calif., celebrated the karta, Indonesia, reports, as assistant dean for ing for a new direction. Cascade Energy to start, purchase of his company, finance and administra- At Trina Solar USA Inc., I grow, and sustain their As an added benefit, you can now send from brainstorm on refining my “My family and I have now strategy and execution. Columbus Craft Meats, spent the last decade tion.” have been marketing the California operations. As your Haas-branded address and immediately Marty’s referral to by Hormel in November: living overseas, starting latest and greatest solar the company’s lead for identify yourself as a Haas alum. Calypso’s chief adminis- “I have been working at with London, England, 2005 modules across North utility engagement, I get trative officer helped me Columbus headquarters in followed by Chengdu, Brad Bao See note for and South America, to strategize, build part- secure a crucial second- Hayward since 2015 when China, and [since] 2016, Toby Sun, MBA 13. enabling corporations, nerships, win work, and VISIT OUR WEBSITE FOR MORE INFORMATION: round interview. the 100-year-old maker of Jakarta, Indonesia, where schools, hospitals, and build my team! Energy “My Haas career premium salami and deli I continue my strategy Yan Chow, of Orinda, sports arenas to gener- markets in California haasalumni.org/email counselors Lara Klein, meat was going through a and planning work with Calif., reports, “Our Haas ate energy sustainably are rapidly changing Peter Jacobs, and Deepak turnaround. As the director Chevron. Since relocat- MBA 2005 mini reunions and economically. Do Loren Taylor, MBA 05 (right), with his daughter, Camryn (8); and it’s been great to be Gupta were terrific in of marketing and innova- Good While Doing Well!” wife, Erica; and son, Manny (5) part of this journey. On a

34 BerkeleyHaas Spring 2018 35 In the Back In the Back

View a map of Berkeley Haas in Wine Country: Haas Alumni Notes haas.berkeley.edu/groups/alumni/byhaas/wines

MBA cont. SaaS, my global team and soul to weddings. As James Wang. Building on to shape my leadership. stopped caring and doing and I are looking forward an example, The Woula the success of their first Alex shared his experi- for others. Science-based to providing superior works with brides and fund, they are now ences from the medi- compassion that could experience to customers couples on items like raising their second cal industry, helped me be linked to a specific personal note, my family all over the world.” writing vows, setting fund, focused on refine a business model, area in our brains was her recently took a trip to boundaries with family, addressing macroeco- and provided updates on theme. She could map Montreal and Quebec 2015 and staying mindful on nomic challenges like alumni the brain and show you City and we fell in love Noah Deich, co-founder their wedding day.” labor productivity, events taking place in where compassion was with those two places and director of Oakland’s climate change, and the the New York area. A housed. Compassion was (yes it was still fall). The Center for Carbon aging population using phenomenal way to start her dream and her goal. people of Canada are so Removal, was featured in so-called “deep technol- the New Year as well as And this compassion will friendly and the Quebec a November New Yorker ogy.” Standout compa- a great reminder of the be her legacy—even in the food scene is wonderful, article about carbon- nies from Fund I include warmth, generosity, and research her disease has especially if you love dioxide removal, a Dishcraft Robotics, a thoughtfulness of our inspired. Lali taught us coffee and European- Ravi Vayuvegula, MBA 13 breakthrough robotics Haas family!” Jamie M. Pirrello, BCEMBA 04 simple things—like how to potential trillion-dollar Derek Purdy, MBA 16 (second from right) with family Krissy, style pastries. enterprise that offers a company, and ALICE Hills, California. While I use an Excel spreadsheet, Facebook that highlight technologies, a break- Christopher, Benjamin, Josephine, and William what it meant to work in the various ways we are way not just to slow the 2017 1st Reunion am very sorry to leave San rise of CO2 but to reverse through AI for construc- Jose and the Bay Area, I business development at 2013 5th Reunion all connected. Another tion startups. eral partners of the fund, April 27–29, 2018 Genentech, and more. But April 27–29, 2018 example is the recom- it. In “Can Carbon-Diox- including Vicki Gorman, am very excited about the ide Removal Save the opportunity with ILG.” she taught us even more mendation engine so well 2016 MBA 17, and William Kyle Clark, of Berkeley, important things—like employed by the likes World?” Deich said he Morgenstern, invested in Toby Sun announces, came to Haas with a Art Amador, along with Calif., started work at 2006 mindfulness and medita- of Amazon,” Ravi said, three multi-family build- CITRIS Foundry, the tion—things that have “Bike-sharing company adding, “Our operations vision of working for a classmate Chidananda ings in 2017. The fund is LimeBike, co-founded cleantech startup. “But I Khatua, launched San University of California changed my life. She was in the U.S. have started to backed by several Haas accelerator for founders a selfless friend to all of with Brad Bao, MBA 05, ramp up, and I am super also had this idea Lach Litwer, MBA 15, with Francisco-based EquBot, investors and has the snared a $50 million floating around in the Alexia, Rowan, and Ila the world’s first active building deep technology us. We are grateful for excited to be leading the vision of creating long- companies, and writes, Lali’s presence in our lives investment (on top of $12 charge for growth! Please back of my head that exchange-traded fund term wealth.” million in March 2017) we’re moving too slowly Lach Litwer, of Hood that utilizes artificial in- “It’s been fascinating and hope that her memory do reach out if you are in- River, Ore., founded to be back on campus endures as a blessing.” to speed up its rollout to terested in knowing more to actually stop emis- telligence to mimic ana- 30 cities and campuses sions in time,” he said. Wõden, LLC, an advisory lysts working around the working with some of about Lynx Analytics and firm helping technology the world’s most brilliant across the U.S. this “So what do we do with clock. EquBot uses IBM’s 2008 10th Reunion what we can do.” clients capture prototyp- scientists and engineers year. We are planning all the carbon that’s in Watson platform and, as Abhishek Sharma MBA 16 April 27–29, 2018 to surpass Chinese 2014 the air?” Deich describes ing and procurement Bloomberg reports, “will on building startups—it bike-sharing companies his center as a “think- contracts with the attempt to mimic an army truly tests my ability to be Ofo and Mobike, which and-do” tank. Department of Defense of equity research ana- a student always!” are now in the U.S.” Sun and NASA and assisting lysts.” The story was also 2010 told CNBC that LimeBike public and private sector Mark Murphy, of Jersey Andrew Lee, Our Defining picked up by Business Christopher Fong gath- understands the market of Berkeley, Principles clients navigate Vehicle Insider and MarketWatch. City, N.J., was accepted Lali Reddy, BCEMBA 06, ered before the holidays to Grid and Smartgrid into Y Combinator’s winter better than its Chinese ri- Calif., reports, Beyond Chris Natividad is the at the beach with Tushar Shanbhag, vals. “We are opening one “In 2017, I Yourself development (visit company’s CIO. 2018 batch as co-founder Anuj Ralhan, Tapan market every week and co-founded a www.woden.one). He of Players’ Lounge, an Gayle Miller, of Sac- Samaddar, Kian Sand- hiring a team of 10 to 20 company, adds, “Moved family Ariana A. (Alisjahbana) eSports company he ramento, Calif., writes, jideh, Michael Chaput, people to support local thewoula.com, with my from Oakland to Hood Busch recently moved to Kendrick Vaughn, MBA 16, worked on while at Haas. “The Berkeley-Columbia Matthew Cooper, Eric operations and working wife, Elizabeth. The River. We are glad to be New York City from China. at the United States Military (BCEMBA) Class of 2006 Hall, Guadalupe Nickell, with city officials closely company name is a play back in the state in “I am working for Alibaba Academy with fellow Haasie 2018 mourns the loss of KV Rajan, Dan Kimble, to launch new markets,” on words between which we grew up and Group in the U.S. office,” Alex Pederson, MBA 12 Kourosh Zamanizadeh our dear classmate, Ryan Day, Ken Nevarez, he said. Added to their ‘wedding’ and ‘doula.’ We met each other.” she writes. “Looking for- See BS 2009 Lali Reddy. Over 12 years, Leigh Flores, and Natalie Vicki Gorman, MBA 17 we have never known success, Business Insider realized that contempo- ward to meeting Haasies Kendrick (Kenny) Myres, along with some Sumitha Sampath, MBA 14 Alastair Trueger, of San Lali except as a fighter. named LimeBike one rary weddings have in the area.” Vaughn, of West Point, class members’ extended of the hottest startups devolved into Google Francisco, started She was tireless; she families. “We caught up Sumitha Sampath, of N.Y., announces, “My 2018 launched in 2017. Sheets, checklists, and Creative Ventures, with Rebecca (Yuen) Lee, of BCEMBA/ EMBA was fearless; she never over new jobs, startups, Fremont, Calif., announc- classmates Champ resolution: Embrace a logistics. Our aim is to San Francisco, started ‘growth mindset,’ connect Our Defining es, “I started my new Suthipongchai and Ravi Vayuve- Principles re-infuse intentionality a new job as a senior with my Berkeley/Haas gula, of Seattle, role as vice president of product manager at Question the operations in XVELA re- network on the East 2003 15th Reunion became the Status Quo Salesforce. Last March, cently. XVELA is a startup Coast, and tangibly take April 27–29, 2018 senior vice she married Earl Lee. steps toward opening a president for based in Oakland. Its many-to-many maritime medical practice (acu- sales and marketing, Derek Purdy, of Our Defining puncture) with my wife, U.S., at Lynx Analyt- business network con- Sunnyvale, Calif., Principles 2004 nects container shipping Seneca. After sharing my ics, a mature mid-size started a new Beyond lines and terminals to Yourself resolution with Alumni Jamie Pirrello, of Atlanta, company highly awarded job as director of Relations, I was immedi- announces, “After the for innovation in graph seamlessly exchange quality assur- information and collabo- William Morgenstern, MBA 16 ately connected with Alex sale of UCP, Inc. (NYSE: analytics—a technique ance at Benvenue Pederson, MBA 12, who UCP) to Century Com- used to surface insights rate to achieve win-win Medical in Santa Clara. Abhishek Sharma, of San the following week drove munities, I accepted the from complexly connect- outcomes. XVELA has Last year he celebrated Diego, Calif., writes, “What an hour and a half from position of chief financial ed data points. “The most been gaining momentum the birth of a daughter, started as a carpool N.Y.C. to visit me at West officer for Interior Logic well-known examples of in the marketplace and Josephine, and also BCEMBA 2010 classmates, from left: Anuj Ralhan, Ryan Day, has signed key custom- group became a real Point. I gave Alex a ‘behind Group. Headquartered in graph analytics are social had a magical vacation Atlanta, ILG is backed by Tushar Shanbhag, Leigh Flores, Ken Nevarez, Michael Chaput, ers. As we roll out and MBA Class of 2015 alumni James Wang, Champ Suthipongchai, estate fund called Darina the scenes’ tour of the graphs in LinkedIn and in Hawaii. Platinum Equity, a private Eric Hall, Matthew Cooper, Guadalupe Nickell, Kian Sandjideh, support our cloud-based and Alastair Trueger Capital Partners. The gen- academy and shared how the military continues equity firm in Beverly Christopher Fong, Indy Kimble, and Dan Kimble

36 BerkeleyHaas Spring 2018 37 In the Back In the Back

Haas Alumni Notes Save the date: MBA Reunion Weekend, April 27–29, 2018

BCEMBA cont. Elisa Rossi, founder Speaks. For the past In Memoriam Dean Stiles, BS 54 OBITUARIES of Rossi & Rei, a new seven years, she served William White, BS 54 luxury brand connect- as executive director of Robert Wertsch, BS 40 Jack Anderson, BS 55 ing established luxury the Destiny Arts Center Grant Ichikawa, BS 41 family members, and new craftsmen to the modern in Oakland, a leading Klaus Brandt, BS 55 Paul Otellini, MBA 74, Former Intel CEO arrivals and planned a consumer, was profiled in youth arts education and Yonekazu Satoda, BS 42 Jack Garfinkle, BS 55 Former Intel CEO Paul S. Otellini, MBA 74, an innovator who left his mark quarterly gathering at Fast Company last year. movement organization. Emma Thomas, BS 45 the same location. If any Her startup connects She writes, “Access to the James Kleaver, BS 55 on the computing industry and inspired a global workforce, died Oct. 2 consumers directly with arts gave me hope and a Joseph Duffel, BS 47 at his home in Sonoma County. He was 66. MBA class would like to Thomas Bennett, BS 57 organize a fairly conve- the artisans who make vision for what our com- Harold Hohbach, BS 47 The first non-engineer to lead Santa Clara-based Intel, Otellini guided nient location for San luxury goods for brands munities could be when Nathaniel Brazill, BS 57 the semiconductor chip and microprocessor company to new heights like Chanel and Prada. our voices were driving Richard Laughlin, BS 47 Francisco, East Bay, and Leo Jones, BS 57 from 2005 until his retirement in 2013. During his eight-year tenure as South Bay classmates, She coined the phrase the conversation.” Virginia Sibley, BS 47 we recommend exploring human-to-human Robert Aisthorpe, BS 58 CEO, Otellini grew the company’s sales from $34 billion in 2005 to Rupam Shrivastava (far right) with BCEMBA 2011 classmates in Edward Winthers, BS 47 the Anchor Public Taps luxury to describe her Donald Davis, BS 58 $53 billion in 2012—more revenue than Intel generated during the company’s previous as an option. It’s next to New York: Kathy Kagan, Joel Gutierrez, and John Olson business model. See Edward Yun, BS 47 45 years. He served in many roles at Intel, including chief of staff to former CEO and co- http://haas.org/elisa-rossi. Peter Trinchero, BS 58 the Anchor Brewery at research is based on the boy! Orion Reue was born PhD William Chipman, BS 48 founder Andy Grove, executive vice president and general manager of the architecture 495 De Haro Street, has original Fama French 3 this November and both Robert MacKerron, BS 59 group and of the sales and marketing group, and chief operating officer. 1986 Mitchell Flint, BS 48 easy street parking for a factor model as enhanced mother and child are do- 2016 EMBA 1st Reunion Teruo Maruyama, BS 59 Otellini maintained a lifelong connection with Berkeley Haas, which he said laid the Sunday afternoon, and it’s Albert Gabie, BS 48 subsequently by Carhart. ing well. In less than four April 27–29, 2018 Cathy Goodwin, of foundation for his success. He served on the Haas School Board from 2002–2003 and he between the 280 and 101 years of marriage, ‘the Philadelphia, announces, Eugene Oliver, BS 59 We have refined and Alexander Heller, BS 48 and his wife, Sandy, were early benefactors to the Chou Hall capital fund, giving $1 million freeways.” adapted this model for Reue crew’ is now a family “Just released a new Joseph Speroni, BS 59 Herman Johnson, BS 48 to the new building, which opened in August. He was honored as Haas’ Business Leader U.S. technology stocks of four! It’s been a whirl- Kindle ebook: Grow Your William Simpson, BS 61 with a focus on factors wind, and we feel blessed Business One Story At Norman Levenson, BS 48 of the Year in 2006. Rose Buck, BS 62 that we consider relevant by all of our good fortune A Time: How Strategic Donald McCaw, BS 49 Born in San Francisco in 1950, Otellini received a bachelor’s degree in economics (from a VC perspective). I along the way. Thank you Storytelling Helps You Dennis Hess, BS 62 from the University of San Francisco in 1972 before earning his Berkeley MBA. Elmer Place, BS 49 would love to share fur- to all the people who Stand Out And Succeed In Otellini is survived by his wife, Sandy; mother, Evelyn; son, Patrick; daughter, Alexis; ther details and connect helped us out as our fam- A Crowded Marketplace. Bruce Boatman, MBA 62 John Racanelli, BS 49 grandchildren, Nico and Mia; and brother, Rev. Msgr. Steven Otellini. with like-minded alumni. ily grows—every babysit- Most storytelling books Alan Yohalem, MBA 62 I will be moving to the Bay ting session, meal, and will help you become a Arax Shamshoian, BS 49 Robert Dahl, BS 63 Area early in 2018 for the note of congratulations better storyteller. This Robert Thompson, BS 49 Peter Thigpen, Haas Ethics Instructor launch of the new com- has been meaningful to book shows you how to Henry Pruden, MBA 65 use stories to become Raymond Skinner, Peter Thigpen, a former Levi Strauss & Co. executive who taught business pany. Hoping to connect us, and we are grateful Lee Harris, BS 69 with you all.” and forever indebted to a better marketer.” She MBA 49 ethics to generations of Haas MBA students, passed away in Mill Valley all who have gone beyond released a CreateSpace Kenneth Adams, BS 50 Wallace Lowry, MBA 69 on Nov. 5 after a short illness. He was 78. 2012 themselves to provide us version in January. “I’ve got Arthur Tyler, MBA 69 Thigpen had taught Ethics and Responsible Business Leadership Anuj Ralhan, BCEMBA 10 Darrick Lam, MBA 16 other ebooks on Kindle as George Cavros, BS 50 Emilie Arel, according assistance and support.” to MBA students nearly every spring for the past 25 years. well and will be adding to Dean Chapman, BS 50 Henry Wellington, BS 70 to Markets Insider, was Anuj Ralhan, of San Fran- Darrick Lam, of Sacra- the list in 2018. Love for Born in 1939 in Pasadena, Calif., Thigpen attended Stanford, graduat- named CEO of FULLBEAUTY 2014 David Friedenberg, BS 50 Edward Taapken, cisco, has a new job (as mento, Calif., became CEO anyone to read my books ing in 1961 with a degree in economics. After a stint in the Marines, he Brands Inc., an authority Heather Davis, of Oak- MBA 71 of July 2017) as executive of ACC Senior Services and share their views.” Her Harold Lauritzen, BS 50 returned to Stanford to earn an MBA. for plus-size women and land, Calif., was promoted director with Mooreland (https://www.accsv.org/) course on Udemy—Story- Tom Whitaker, MBA 71 men seeking fashion in- to CFO at Making Waves Warren Parker, BS 50 Thigpen joined Levi Strauss in 1967, eventually becoming president of the European Partners, a mid-market after a 21-year career telling For Small Business spiration, style advice, and Foundation, which sup- William Carlile, MBA 73 division. He led the brand’s high growth in the region through the 1970s and early 1980s. investment bank focused in the public sector. Marketing—is discounted Emmons Sebenius, BS 50 clothing tailored to their ports Making Waves on M&A advisory and pri- The private nonprofit with this coupon: http:// Bernard J C Smith, In 1982, he was named president of Levi Strauss USA and served in executive roles and individual needs. Academy in Richmond, Fumio Yoshikawa, BS 50 vate capital raising with organization “promotes mycopy.info/story17. MBA 76 on the board until he retired in 1991. That “retirement” began a new chapter of his life, as offices in London, New California. This followed the general welfare and LeRoy Chandler, BS 51 an avid volunteer and board member with several organizations, an active family man, , of Alameda, the successful comple- Timothy Thomas, BS 77 York, and Silicon Valley. Carter Reue enhances the quality of Nicholas G. Hall, of tion of a year and a half Robert Davis, BS 51 and a Haas School lecturer, where he was much respected by students and faculty alike. Calif., writes, “My wife, life for the community by Columbus, Ohio, Fisher Raphaela Cheng, BS 79 long project in switch- Robert Drabkin, BS 51, Thigpen is survived by his wife, Shelly; brothers, Steve and Jeff; sons, Craig, Eric, Chad, 2011 Kat, and I are thrilled to identifying, developing, College of Business Susan Huetter, BS 79 ing out the accounting MBA 52 and Zach; four grandchildren; and five nieces and nephews. announce the birth of and providing cultur- Distinguished Professor Rupam Shrivastava, of our second child, a baby system for both entities ally sensitive health and John Wolf, MBA 81 Jersey City, N.J., announc- at The Ohio State William Dunlavy, BS 51 simultaneously. Mak- social services for older Christopher Wright, BS 87 Stephen Davenport, BS 54, MBA 55 es, “My partners and I are University, is serving as Gerald Flieder, BS 51 ing Waves Foundation adults in the Sacramento the 2018 president of launching a new asset is a private operating Valley,” he writes. “I am Kent Varble, MBA 87 Stephen Davenport, BS 54, MBA 55, a devoted supporter of Berkeley management company. INFORMS. The 12,500- Preston Hotchkis, BS 51 foundation that supports very pleased I can apply member professional Randall Heppner, BS 88 and Haas, died Jan. 9. He was 85. We have an 18-year pedi- the 800-student Title I my newly minted busi- Curtis Thrift, BS 51 society is the world Cynthia Strobin, MBA 88 Davenport spent his career in life insurance, building a leading gree in venture investing charter school, provides a ness skills that I have Elroy Fulmer, BS 52, with successful invest- leader in operations agency from scratch, training and managing hundreds of successful scholarship and coaching gained from the EMBA MBA 53 Joyce Huen, BS 97 ments like Baidu and research and analytics professionals (many Berkeley alumni), and helping his cherished program for more than Program to not only theory and applications Skype. Our public equity Richard Mineau, BS 52 Yi Zhou, BS 99 clients. He served on numerous community boards, including 500 first-generation col- maintain the quality ser- to business, public fund is newly launched Tina Wong, Staff lege students across the vices but also continue to policy, sustainability, Manuel Talkovsky, BS 52 WellPoint Health Networks, John Muir Hospital, and Alta Bates. and focused on factor- nation, and is undergoing increase the footprint of based investing for tech- and health care. Under Dudley Westler, BS 52 Shirley Biggerstaff, With his wife, Virginia, Davenport regularly supported the Haas Fund, the Center for a $530M school expan- this organization.” Professor Hall’s leader- Friend Social Sector Leadership (CSSL), and Boost. He was CSSL’s founding board chair and, nology stocks. The plan is sion project to serve over James Low, BS 53 ship, INFORMS will says Nora Silver, the Center’s founder and faculty director, helped lead CSSL to its No. 2 to use VC style investing in 6,000 students in two Cristy Johnston Limón Sidney Chan, Friend public stocks—focusing showcase its award- Albert Arnold, BS 54 U.S. News & World Report ranking for nonprofit studies. Davenport served on the Cal new cities. Heather was took on a new job as winning work at its first Donald Davis, Friend on strong teams, scalable living in Napa and bought executive director of San Ronald Guptill, BS 54 Business Alumni Board and was an avid supporter of the Berkeley Board Fellows business models, capital Carter Reue, BCEMBA 12, with Policy Day on Capitol Louis Schrepel, Friend his wife, Kat, and two kids, El- a new house in the Oak- Francisco-based youth Hill in Washington, D.C., Winton Mather, BS 54, program, which places Berkeley graduate students on local nonprofit boards. efficiency, and sustainable land Hills in August. arts organization Youth Charles Wraith, Friend growth among others. Our lana and Orion—the Reue crew! in May. MBA 55 He is survived by his wife, Virginia; sons, Rick and David; and five grandchildren.

38 BerkeleyHaas Spring 2018 39 In the Back

Haas Personal View Caroline Winnett, MBA 90, SkyDeck Executive Director

Q&A sessions…we learned that venture cap- Caroline Winnett, italists posed different types of questions to MBA 90, is executive male and female entrepreneurs: They tend- director of SkyDeck, ed to ask men questions about the potential UC Berkeley’s startup for gains and women about the potential accelerator, where she for losses. We found evidence of this bias leads a program that with both male and female VCs....Inves- hosts over 100 compa- tors adopted what’s called a promotion nies per year. She recently orientation when quizzing male entrepre- launched the Berkeley neurs, which means they focused on hopes, SkyDeck Fund, a VC fund achievements, advancement, and ideals. investing in SkyDeck Conversely, when questioning female en- startups that donates trepreneurs, they embraced a prevention half of fund profits back orientation, which is concerned with safe- to UC Berkeley. Prior to ty, responsibility, security, and vigilance.” SkyDeck, Winnett was For example, male entrepreneurs might a serial entrepreneur be asked their plans to monetize their com- and co-founded the pany whereas female founders were asked pioneer company in how long it would take them to break even. the neuromarketing In fact, male entrepreneurs were posed industry, NeuroFocus, promotion-oriented questions 67 percent of which was acquired the time. Female entrepreneurs were asked by Nielsen. Before prevention-oriented questions 66 percent her career in startups, of the time. Winnett was a profes- I guarantee that those investors had little sional concert violinist. or no idea that they were asking male and female entrepreneurs different questions. Their be- Answer Key havior was probably entirely due to implicit bias and inaccessible to the conscious mind. As the director Solving implicit bias in the of a startup accelerator who has posed thousands of questions to male and female entrepreneurs, I work startup industry very hard to avoid this behavior and have a conscious intention to treat female and male applicants to Sky- While working on my neuromarketing startup, Neu- Deck equally. roFocus, I learned a massive amount about the brain. Fortunately, the research offers actionable solutions. Perhaps the most impactful finding was this: Much To confirm their finding that promotion questions lead of what drives our behavior is not accessible to the to more funding than prevention questions, they took conscious mind. Specifically, we sometimes act in a clips from the TechCrunch event and presented them HIRE HAAS biased manner toward a specific group of people due to a group of angel investors and ordinary investors and Visionary leaders take bold action. And that’s exactly what innovative businesses need to attitudes that are buried deep in our brains that are asked both groups to make theoretical investments. to stay ahead. If you’re in the position to recruit, hire a Haas student or graduate. You’ll not consciously accessible, even after introspection. As with the real TechCrunch scenario, the theoreti- Neuroscientists call this phenomenon “implicit bias.” cal scenario resulted in the same outcome: promotion know you’re getting the kind of thinker who challenges convention. A recent study by Dana Kanze, Laura Huang, Mark questions led to more investment. A. Conley, and E. Tory Higgins published in the But the researchers took it a step further and Harvard Business Review reveals actionable in- re-mixed the questions and answers. sights into what can be done about implicit bias in When the clips presented prevention questions Visit the Berkeley Haas LinkedIn Group job board, venture capital. Finally. with promotion answers to those questions, angel About 2 percent of all venture funding goes to fe- investors allocated 1.6 times more capital than they 4 EASY WAYS 1 exclusively for all alumni: linkedin.com/groups/113/jobs male entrepreneurs, the study reports, despite women did with a prevention question/prevention answer owning 38 percent of the nation’s businesses. What’s scenario. With ordinary investors the result was an more, having more women as VCs doesn’t appear to allocation of 1.7 times more capital. YOU CAN Hire Berkeley MBA students and alumni at be a one-stop solution to the problem. Says the study, Again: Investors allocated more capital in the 2 recruit.haas.berkeley.edu or “Over the past several years, the U.S. has seen an in- prevention question/promotion answer condition crease in the number of female venture capitalists than to those in the prevention question/prevention HIRE HAAS email [email protected] (from 3 percent of all VCs in 2014 to an estimated answer condition. 7 percent today), but the funding gap has only widened.” Reflect on this—then coach your startups accordingly. Post a job for Haas undergraduate students and The authors of the study observed Q&A interac- Ask your female (and male) entrepreneurs promo- tions between 140 prominent venture capitalists tion and prevention questions and coach them to give 3 alumni at berkeley.joinhandshake.com (40 percent of them female) and 189 entrepreneurs promotion answers every time. (12 percent female) at TechCrunch Disrupt New We spend our days helping our startups solve hard York, an annual startup funding competition. problems. This is a hard problem. Recruit an MFE student or alum at “When we analyzed video transcriptions of the Let’s solve it. 4 mfe.berkeley.edu/careers/recruiters

40 BerkeleyHaas