Bob O'donnell
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Fall 2011 Profs. Wolfram and Davis Weigh in on Nuclear Power University of California, Berkeley Nonprofit Organization Haas School of Business US Postage 545 Student Services #1900 PAID Berkeley, CA 94720–1900 Portland, OR Permit NO. 2917 CThe Magazinea ofl theB Haas Schoolu of Businesss ati then Universitye of California,ss Berkeley 2011 BUSINESS LEADER OF THE YEAR Bob O’Donnell, BS 65, MBA 66: Lifelong Learning, Lifelong Giving Join your class group on Facebook • Alum Bob Lutz: The Ultimate Car Guy p. 14 • Haas Connections Save a Baby’s Life p. 8 • Dean Rich Lyons’ Twitter Tips p. 5 The Magazine of Fall 2011 CalBusiness the Haas School of Business at the University of California, Berkeley Senior Editor Features Richard Kurovsky On the Cover: Contents Editor Business Leader of the Year Ute S. Frey Bob O’Donnell, BS 65, MBA 66, has 11 Managing Editor THE PREMIER CONFERENCE ON BUSINESS AND THE ENVIRONMENT been recognized for his commitment to public Ronna Kelly, BS 92 education, including Berkeley-Haas, and his leadership in the mutual fund industry. Staff Writers Hosted by the editors of The Wall Street Journal Valerie Gilbert Jennifer Ruppert Life Saver Pamela Tom Heard from past participants: 8 Haas connections in the MBA class of 2008 help prevent the death of a baby boy. Contributing Writers Diane Anderson, Laurie Burkitt, In 10 years, you’re going Investments that are The Ultimate Car Guy Laura Counts, Mandy Erickson, Christine Fundak Rohan, Judy to see a major portion carbon heavy are poor 14 Bob Lutz, BS 61, MBA 62, has been honored Jacobs, Caroline Killmer, Bill Snyder, with the school’s Leading Through Innovation Kim Underwood of our portfolio bets. Investing is Award for driving creativity in the auto industry. move to electric about risks versus Design Cuttriss & Hambleton, Berkeley vehicles. returns. Your Haas Network 16 Profiles of Three Haas School Alumni Printer - 2009 - 2010 Joanna (Wallace) Crowley, MBA 91, Graphic Arts Center Spire Manchester Hospital Photography Jordan Kerner, MBA 76, University of North John Angerson, Jim Block, Carolina School of the Arts Alex Fradkin, Billy Hustace, ALAN MULALLY | PRESIDENT & CEO | FORD MOTOR COMPANY VINOD KHOSLA | MANAGING PARTNER | KHOSLA VENTURES Libby Leffler, BS 08, Facebook Fred Mertz Your Haas Network in We haven’t built a nuclear 18 Profiles of Three Haas School Alumni in Asia CalBusiness is published by The president really cares Caption Christopher Lee, MBA 95, Deutsche Bank the Haas School of Business, plant in 25 years… about energy effi ciency. Jeffrey Hine, MBA 84, CCB Financial Leasing University of California, Roy Zhou, MBA 06, Google Berkeley. For further We better get on it. Probably every third day he’s information, contact: - 2008 11 CalBusiness Editor out on a stump saying how Haas School of Business important it is. Departments University of California - 2010 Berkeley, CA 94720-1900 2 In Brief 22 Haas Worldwide Events 510-643-0259 [email protected] Twitter’s Biz Stone CalBusiness Fall 2011, Welcomes New Students 24 Alumni Notes Number 78 Haas Makes Strides JEFF IMMELT | CHAIRMAN & CEO | GENERAL ELECTRIC STEVEN CHU | US SECRETARY OF ENERGY 35 In Memoriam For change of address, email in Diversity [email protected]. 36 Personal View 6 Power of Ideas 20,000 Leagues Under Banking on Basel III? the Sea Find out what’s next at ECO:nomics 2012 20 The Campaign for Haas By Chris Welsh, BS 84 Printed on FSC-certified recycled Q&A with Marcella and paper using soy-based inks. To apply to attend, please visit ECOnomics.wsj.com or call 212.416.2300 Stuart Bernstein, BS 86, of Goldman Sachs Payne Chair Supports Real Estate Reasearch Fellowship Supports Proudly supported by Health Care Ambitions 6 The Positive Fallout of Nuclear Deregulation © 2011 Dow Jones & Company, Inc. Thank you to our partner All rights reserved. Undergrad Program Chamberlins Seed Inflation, Stock Returns, Nonverbal Cues #3 in U.S. News Online Education New Faculty Sound Off On Research Meet the new assistant professors who joined Haas this fall. Haas tied for third place with The Haas School will explore the University of Michigan Ann complementing classroom Arbor in a U.S. News & World learning with online approaches, Dana Carney Report ranking of undergraduate thanks to funding from the Management of Organizations News from the Haas School programs released in September. Chamberlin Family Donor Former Position: Asst. Prof., Columbia The Haas Undergraduate Designated Fund at the UC Business School InBrief Program has held the third Berkeley Foundation. PhD Social Psychology, Northeastern spot in the ranking since 2003, Steve and Susan Chamberlin, “I am interested in the incredible power of except in 2009, when it came the fund’s creators and tiny, ordinary, nonverbal cues. I am working New Students in second. The ranking is based former members of the Haas with students on some of the powerful ways in which entirely on a poll of business professional faculty, have ordinary, everyday, nonverbal behaviors can exert By the Numbers school deans and undergraduate recommended the $1 million extraordinary impact on thoughts, feelings, and choice.” program directors. CB distribution to pilot online educa- Full-time MBA tion initiatives. The funds will Yaniv Konchitchki 237 students be shared by a consortium con- Accounting Leadership Skills sisting of Haas, UC Berkeley’s Former Position: Asst. Prof., Marshall School 3,444 applicants of Business, USC at Failure’s Edge College of Engineering, the PhD, Stanford 33% international students As a former partner in a private Graduate School of Education, 37 countries represented equity firm that helped turn the School of Information, the “I specialize in financial reporting effects around such companies as School of Public Health, and of macroeconomic information—such as inflation and exchange rates—on equity prices. In one research project, Uniroyal Goodrich Tire Co., UC Berkeley Extension. Evening & Weekend MBA I found that inflation effects can help predict future cash Peter Goodson knows the The distribution from the 250 students Chamberlin Family Fund will flows, although this relationship is not fully reflected in leadership skills needed to stock prices.” 85% Bay Area residents rescue a failing business. match funds being raised individually and jointly by age range That’s why Haas recruited 25 to 44 the benefitting units for the Alastair Lawrence him to teach a new course Accounting 25% women pilot program. CB called Turnarounds: Effective Ph.D., Rotman, University of Toronto Leadership in Creating Value. Undergraduate “What was different about “Some of my recent research relates to Haas Ranks High how individuals use financial disclosures. total students this course from other courses 355 Specifically, this research suggests that on leadership was that it on Startup Cred 2,064 applicants individuals tend to invest a greater concerned the leadership skills LinkedIn ranked percentage of their portfolios in firms with accessible and 93 transfer students you need to head in an entirely Haas the fourth most transparent financial disclosures and that they earn higher different direction,” Goodson entrepreneurial 3.69 average GPA, UCB returns in firms with such attributes.” students explains. “It’s like playing speed business school. chess. You have two seconds to LinkedIn created the ranking 3.81 average GPA, transfers make moves. You have to move by sifting through more than Twitter co-founder Biz Stone, because you’re about to lose 120 million public profiles and recently named a Haas Twitter Co-Founder Biz Stone PhD Program the business.” analyzing tens of thousands Letters executive fellow, told new Welcomes New Students 15 students The weeklong course of startup founders’ profiles. The Business of Life MBA students that they are brought together 44 evening The firm identified more than I loved how the Summer 2011 issue revealed the scenes behind applicants at Berkeley-Haas to learn The Berkeley-Haas culture took fourth executive fellow, a 547 and weekend MBA and 130,000 entrepreneurs who the successes-—how Brendon Yahn went to research shrimp farms not only about business in Cambodia only to learn they had failed, how Eve Alexander felt center stage at orientation this part-time professional faculty 7 international students Berkeley-Columbia executive are founders or co-founders of but also about leading a year as new students gleaned position. surprised when the Saudi women remained upbeat after the arrest MBA students in July. The class, companies after 2000 that have of a female driver, how Josh Mogabgab found relationships to be meaningful life. life lessons from several keynote Stone talked about 19 to 44 age range like a failing business, was a LinkedIn company profile and a critical factor in his recommendations for revitalizing Telegraph speakers, including Twitter technology as an important intense. “The most important 2 to 200 employees. Avenue. I was particularly moved by Gordon Massie‘s words Orientation Speakers co-founder Biz Stone. tool, but said it is the human thing I learned was the necessity The MBA website Poets & about his inner conflicts during and after his time at AIG. Thanks Stone shared insights spirit that is the thrust, Full-Time MBA: of having a solid framework for Quants noted that “LinkedIn has for articles like these that expand my view of the business of life. and experiences as a serial motivator, and cause of Biz Stone, Twitter Co-founder what needs to be done to get produced the ideal ‘put up or shut Malcolm Brooks, MBA 89 entrepreneur in his talk great change. “You are Tom Kelley, MBA 83, to the bottom of a problem and up’ analysis” by ranking schools Share your views about CalBusiness by sending a letter to the editor at General Manager, IDEO CB at the Full-time Berkeley here to study business, but the courage to execute it,” says based on producing actual [email protected].