DOCSLIB.ORG

THE OLIN NETWORK Connecting Businesspeople for 95 Years 14

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
THE OLIN NETWORK Connecting Businesspeople for 95 Years 14 Create knowledge. Inspire individuals. Transform business. FALL 2011 SOWING VINEYARD SEEDS OF VENTURES 18 EXPERIENCE 24 THE OLIN NETWORK Connecting businesspeople for 95 years 14 RESEARCH YOU CAN OLIN? USE SPECIAL THERE’S INSERT AN APP FOR THAT 2 CONNECT LETTER FROM THE DEAN facebook.com/OlinBusinessSchool @WUSTLbusiness youtube.com/OlinBusinessSchool PHOTO BY RON KLEIN PHOTOGRAPHY RON BY PHOTO „ Search “Olin Business School “Whether you are reading these words EMAIL [email protected] on a laptop, smartphone or in print, WEBSITE olin.wustl.edu we invite you to join us in celebrating LETTERS OlinBusiness the Olin network, which connects Washington University in St. Louis Campus Box 1162 our students, faculty and alumni in One Brookings Drive St. Louis, MO 63130-4899 St. Louis and around the world.” VOL. 14, FALL 2011 OlinBusiness magazine is published annually by Olin Business School, Washington University in St. Louis. Unless Long before the existence of today’s popular A multitalented team of MBA students otherwise noted, all articles may be reprinted without online social networks such as Facebook designed and created this review of academic permission with appropriate and Twitter, our Olin network was connecting research for business practitioners. In the credit to OlinBusiness magazine. members of our community in the classroom spirit of the Olin Award, which honors timely DEAN and through career counseling, scholarships, research, Olin Praxis summarizes and links to Mahendra Gupta recruitment and business partnerships. And it’s important findings that managers can apply in ASSOCIATE DEAN AND still going strong as we approach the school’s today’s global marketplace. DIRECTOR OF MARKETING & 95th anniversary. The human connections are COMMUNICATIONS what we nurture and value most at Olin. It is a privilege to serve as dean of such a Paula Crews, BSBA ’90 vibrant and connected community, and I am EDITOR This issue of OlinBusiness magazine, honored to begin my second five-year term Melody Walker with its new format and design, is brimming at the helm of Olin Business School. I look STAFF with examples of our multigenerational, forward to hearing from you and seeing you Leah Costantino, AB ’97 international network. From experiential at an Olin event in the coming year. Teresa Melton learning projects to new ventures, you’ll Judy Milanovits Lexie Walther O’Brien, MBA ’90 read about many of the ways Olin students, Ben Pfeiffer, Class Notes Editor faculty and alumni connect to learn from Neil Schoenherr each other and transform business. Suzanne Shenkman, PMBA ’06 Gloria Stukenbroeker Adrienne Wartts We are proud to introduce the debut of Gabe Watson Olin Praxis, a special insert in this issue, MAHENDRA GUPTA Audrey Westcott, BFA ’12 to offer Olin faculty’s latest insights into Katie Roth Wools Dean and Geraldine J. & Robert L. Virgil management, stratgey, finance, marketing Professor of Accounting & Management ART DIRECTION and economics. [email protected] TOKY Branding + Design OLIN BUSINESS SCHOOL // FALL 2011 OLINBUSINESS MAGAZINE CONTENTS 01 CAMPUS NEWS 02 ALUMNI NEWS 08 FACULTY NEWS 10 NEWS SEEN & HEARD 28 Passport Requireduired CLASS NOTES 30 06 for Global Studyudy IN MEMORIAM 36 ON OUR RADAR Recipe for Success: Xi’ann 13 Famous Foodss COVER STORY FEATURE The Olin Network 14 The Lure of the Wine 18 Business FEATURE Sowing Seeds of Experience 24 CAPTION CONTEST Wanted:W PunchPunc Lines 37 OLIN NEWS ON YOUR SMARTPHONE Create knowledge. Inspire individuals. Transform business. 02 NEWS ON CAMPUS Olin? Thank There’s an FOO App for That. FOO stands for “Friends of Olin,” the 1,500 people You can stay connected to who volunteer their Olin on your iPhone with our time throughout the free Olin app, available in the year to mentor students, Apple App Store.* participate in recruitment exercises, offer career Designed by three Washington advice and share their University engineering students, the expertise in the classroom. new Olin app provides up-to-date news and events from the business school and a mobile version of OlinBusiness magazine (including 1,500 Olin Praxis) with links to additional VOLUNTEERS content including videos. The Office of Corporate Easy to navigate and fun to use, the Relations held a reception free Olin app will keep your fingers in June to recognize and on the pulse of the business school. thank Olin’s many friends for all they do. Plans are *At press time, app was pending already under way for the approval. Search for “Olin Business” second annual FOO event in the Apple App Store. in June 2012. To view the current Friends of Olin roster, visit olin.wustl.edu/ New Faculty corporate JOSEPH AMR EXEQUIEL BAOJUN ASAF CULLEN FARAHAT HERNÁNDEZ JIANG MANELA ASSISTANT PROFESSOR ASSISTANT PROFESSOR ASSISTANT PROFESSOR ASSISTANT PROFESSOR ASSISTANT PROFESSOR OF ECONOMICS OF OPERATIONS & OF STRATEGY OF MARKETING OF FINANCE PhD, Economics, 2009, MANUFACTURING PhD, Strategic PhD, Information PhD, Finance, 2011, The University of Arizona MANAGEMENT Management & Systems, 2011, Carnegie University of Chicago PhD, Operations Research, Organization, 2011, Mellon University Previously, Joseph Cullen 2004, Massachusetts University of Minnesota Asaf Manela worked was a fellow at the Institute of Technology Baojun Jiang has worked as a software engineer Harvard University Center Exequiel Hernández has as an IT consultant at Mercury Interactive for the Environment. His Before joining Olin, taught undergraduate and CRM applications before joining Olin. His research interests include Amr Farahat was a business policy at manager. His research research interests include industrial organization, faculty member at Cornell the University of interests include asset pricing; information environmental economics, University. His research Minnesota. His research competitive strategy, acquisition and diffusion energy and applied interests include pricing interests include strategy, platforms, user-generated in financial markets; and econometrics. and inventory optimization interfirm networks content, e-commerce, the role of the media with a focus on and social capital, and technology-enabled in finance, learning and differentiated products. international business. markets, pricing and portfolio choice. game theory. OLIN BUSINESS SCHOOL // FALL 2011 ON CAMPUS NEWS 03 A Greener MBA BEE Starting this fall, students at Washington University Buzz can earn a dual master’s degree in engineering and business (MBA/MEng). The 2½ year-long Brookings Executive program focuses on energy, the environment and Education (BEE), corporate sustainability. managed by Olin in conjunction with the STUDENTS WILL SPECIALIZE IN Brookings Institution ONE OF FIVE PATHWAYS: in Washington, D.C., has expanded the s!DVANCEDENERGYTECHNOLOGIES range and number s%NERGYANDENVIRONMENTALNANOTECHNOLOGY of courses it offers. s%NVIRONMENTALENGINEERINGSCIENCE The current catalog s4ECHNOLOGYFORENVIRONMENTALPUBLICHEALTH includes 39 courses, s%NERGYANDENVIRONMENTALMANAGEMENT with many offered several times Students have expressed increasing interest throughout the year. Summer Intern’s in approaches to the problems that lie at the intersection of the engineering and business Double Life schools, according to Joseph P. Fox, associate While Justin Blau was interning this summer dean and director of the MBA program. “The at Credit Suisse in New York, his other career new program was designed in response to started to take off. The finance major (BSBA ’13), that interest.” from Las Vegas, moonlights as a mash-up artist Fox adds, “It’s clear that solutions to the issues and DJ. Several of his electronic mixes went of sustainability, energy and the environment will viral and propelled “3LAU” — his stage name — be interdisciplinary.” into the digital music spotlight. eece.wustl.edu/ContentFiles/Degree/ By day, Blau did research projects with the MEng_MBA_Flyer.pdf investment bank’s strategy and advisory group. “The real world is as exciting as I expected it to The inaugural be (especially with the extreme market volatility Master of Science in August), and I learned more than I could in Leadership (MSL) have imagined this summer,” he says. class, launched Blau’s manager, Ross Festenstein, BSBA ’11, earlier this year, is negotiating more than 30 requests for boasts candidates performance gigs this fall. Fratmusic.com named from organizations as Blau its official house DJ, and his mash-ups have diverse as NASA, the made The Hype Machine’s top 50 most popular National Institutes blogged songs list. of Health and the MATTHEW ADINA U.S. departments of RINGGENBERG STERLING Defense, Homeland “I connect what I’ve learned at Olin ASSISTANT PROFESSOR ASSISTANT PROFESSOR Security and Energy. to what I do DJ-ing every single OF FINANCE OF STRATEGY The degree is day. I work on DJ stuff like I work PhD, Finance, 2011, PhD, Organization & designed to develop University of North Management, 2011, on case competitions. Formulating leaders for service Carolina Emory University as senior federal a strategy, executing the plan, Previously, Matthew Previously, Adina Sterling executives and to practicing public presence and Ringgenberg worked at worked on global brands in improve the capacity emotional intelligence – it’s all Charles River Associates R&D at Procter & Gamble of incumbent and AnchorBank. and taught “Leading and part of the DJ game.” JUSTIN BLAU members of the His research interests Managing Change” as a include empirical asset teaching assistant. Her Senior Executive Find 3LAU’s schedule on
Load more

Recommended publications
  • Strategic Report 2015
    Aviva plc Aviva plc Strategic Report 2015 Strategic Report 2015 Strategic Our33 million customers What’s important and how we help them every step of the way What makes us different? Our strategy in action and the benefits it brings to our customers CUSTOMER FOCUS Read What’s our plan of Anna’s story action? Page 4 How we’re doing – and how we’re going to do better Aviva has thought about Your absolutely Aviva everything Creating a bright and sustainable future for our customers, investors, employees and communities 14.05p Final dividend, a 15% increase £30.7bn Paid out in benefits and claims to our customers in 2015 587,000+ Number of people who have benefited from our corporate responsibility programmes in 2015 320 years Protecting our customers since 1696 29,600 Number of employees worldwide 39% Reduction in our carbon footprint since 2010 Who we are At Aviva, we help our 33 million customers save for the future and manage the risks of everyday life. Our 29,600 people are focused on helping to free our customers from fear of uncertainty Read more on Our businesses pages 30-45 We have businesses across 16 markets in: UK, Europe, Asia and Canada We offer: Life insurance Retirement income, Savings & Pensions, Life cover, Protection General insurance Home, Motor, Travel, Pet and Commercial Accident & health insurance Private Medical Insurance, Accident & Health Asset management Investing for Aviva and external clients 1 Read more on Our performance pages 12-13 Our investment thesis of cash flow plus growth sets out why investors should choose us: £2,665m £1,507m £1,192m Operating profit on Cash remittances up 5%1 Value of new IFRS basis up 20%1,2 business up 19%1 94.6% 50.0% Combined operating Operating expense ratio ratio improved by 1.1pp improved by 1.1pp1,2 1 2015 numbers include Friends Life from 10 April 2015, the acquisition completion date.
    [Show full text]
  • BEST BUY CO., INC. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2014 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9595 ________________________________ BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 State or other jurisdiction of (I.R.S. Employer incorporation or organization Identification No.) 7601 Penn Avenue South 55423 Richfield, Minnesota (Zip Code) (Address of principal executive offices) Registrant's telephone number, including area code 612-291-1000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $.10 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None ____________________________________________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. x Yes o No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. o Yes x No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Purpose Washington University in St
    Purpose Washington University in St. Louis 2017–18 Annual Report $711.8M 25 Research support 2017–18 Nobel laureates associated with the university 4,182 15,396 Total faculty Total enrollment, fall 2017 7,087 undergraduate; 6,962 graduate and professional; 20 1,347 part-time and other Number of top 15 graduate and professional programs U.S. News & World Report, 2017–18 30,463 Class of 2021 applications, first-year students entering fall 2017 18 Rank of undergraduate program 1,778 U.S. News & World Report, 2017–18, National Universities Category Class of 2021 enrollment, first-year students entering fall 2017 138,548 >2,300 Number of alumni addresses on record July 2017 Total acres, including Danforth Campus, Medical Campus, West Campus, North Campus, South Campus, 560 Music Center, Lewis Center, and Tyson Research Center $7.7B Total endowment as of June 30, 2018 22 Number of Danforth Campus buildings on the National 16,428 Register of Historic Places Total employees $248M Amount university provided in undergraduate $3.5B and graduate scholarship support in 2017-18 Total operating revenues as of June 30, 2018 4,638 All degrees awarded 2017–18 TABLE OF CONTENTS 2 Letter from the Chair and Chancellor 18 Purpose 38 Financial Highlights 4 Leading Together 34 Year in Review 4 | Purpose LETTER FROM THE CHAIR AND THE CHANCELLOR Mark S. Wrighton, Chancellor, and Craig D. Schnuck, Chair, Board of Trustees The campaign has laid On June 30, 2018, we marked the conclusion of Leading Together: The Campaign for the foundation for a Washington University, the most successful fundraising initiative in our history.
    [Show full text]
  • January 2015
    January 2015 Published by the Executive MBA Council © 2015 Executive MBA Council All Rights Reserved Vision To be the preeminent global voice of the Executive MBA industry by increasing the scope of influence of EMBAC, its members, and the EMBA industry by offering relevant content and thinking that serves key constituents and stakeholders. Mission As the academic association that represents the Executive MBA, EMBAC is uniquely positioned to serve as the industry voice globally. EMBAC’s mission is to advance the cause of EMBA Programs by providing necessary thought leadership, serving as a facilitator of best practice sharing and knowledge dissemination, and fostering a community among high-quality programs. Update your directory anytime Change your email? Hire a new administrator? You can update your program’s online directory listing anytime. Accurate directory information drives the search feature on the council's prospective student website, http://www.executivemba.org. Prospective students can search the directory for program information as well as to contact programs. A current listing also ensures that you and your staff receive Executive MBA Council communications It’s easy to update your program information: Log onto your School Portal at: www.embac.org/myschoolportal If you need assistance with your login information, please use the Password Recovery link: http://embaportal.perceptresearch.com/Security/PasswordRecovery.aspx Go to the Directory Management menu Select Update Contact Info/Photos Update your information Select "Next" to save your changes on each page To ensure confidentiality, Executive MBA council research partner, Percept Research, maintains your School Portal and shares only information that is denoted as public in the Program Survey.
    [Show full text]
  • A Family Christmas Devotional
    A FAMILY CHRISTMAS DEVOTIONAL 1 A devotional focused on the events of 2020 2 What a year … While it probably seems a little cliche at this point, we recognize that 2020 has been a year unlike any in recent memory. From a global pandemic, to civic unrest, to an extremely contentious election season, it has often seemed like Hell must be throwing everything at us (including the kitchen sink). We are all worn and weary, and in need of some rest and hope. Unfortunately, the holidays are often anything but restful, aren’t they? If anything, the days are filled with nonstop to-do’s, activities, more stress, and the rush to “fit everything in.” For many of us, it can feel like we’re just barely making it to New Year’s alive. And in the midst of the frenzy and stress, we often miss what this season is truly all about. Does the true meaning of Christmas even matter anymore? Are we just running around all month for silly, old-fashioned traditions? Most of us probably know that all of this began with a story in the Bible, but how do we know we can even trust that anymore? And if we can’t trust it, then why are we adding more stress and busyness at the end of a long, stressful year? If you’ve ever wondered in your own spirit if all of this really matters, don’t worry; you’re not alone! All of the questions are understandable – especially this year – but especially because of how stressful this year has been, we want to help point you and your loved ones back to the true meaning of Christmas.
    [Show full text]
  • Olin-Phd-Bulletin
    PHD BULLETIN Create change. PHD PROGRAM Olin Business School TABLE OF CONTENTS ACADEMIC CALENDAR 3 INTRODUCTION 4 OLIN’S MISSION AND CORE VALUES 5 DOCTORAL COMMITTEE 6 DEGREE REQUIREMENTS 7 Ph.D. ADVISOR POLICY 8 POLICY ON PROBATION AND ACADEMIC DISMISSAL 9 SATISFACTORY ACADEMIC PROGRESS 10 PROCEDURE FOR PROBATION AND DISMISSAL 13 ACADEMIC INTEGRITY 15 OLIN BUSINESS SCHOOL – 16 GRADUATE STUDENT CODE OF PROFESSIONAL CONDUCT GRADING 18 TEACHING REQUIREMENTS 19 CURRICULUM (Chronology and Milestones) 22 COURSE INFORMATION 26 REGISTRATION 47 1 Olin Business School INDEPENDENT STUDY AND RESEARCH INTERNSHIP CREDITS 49 MASTER OF SCIENCE IN BUSINESS ADMINISTRATION 50 DISSERTATION (Proposal, Research Advisory Committee, 50 Examination Committee, and Guidelines) GRADUATION INFORMATION 56 TRANSFER CREDIT 57 LEAVE OF ABSENCE 58 HUMAN SUBJECT RESEARCH 58 INTERNATIONAL STUDENTS 59 PLACEMENT 59 TRAVEL REIMBURSEMENT POLICY 59 FINANCIAL PACKAGE 65 RESOURCES/LIBRARY/MAILBOXES 69 RESEARCH AND LEARNING CENTERS 71 HELPFUL LINKS 72 2 Olin Business School ACADEMIC CALENDAR Fall Semester 2021 First Day of Class August 30 Labor Day (no classes) September 6 Thanksgiving break (no classes) November 24-28 Last day of classes December 20 Spring Semester 2022 First day of classes January 18 Martin Luther King holiday – no classes January 17 Spring break (no classes) March 13-19 Last day of classes April 29 Final exams May 2-11 Commencement-Class of 2022 May 20 3 Olin Business School INTRODUCTION Washington University in St. Louis is one of the nation’s leading research institutions and is committed to excellence in teaching, as well as scholarship. The Olin Business School (Olin) doctoral program in business, first offered in 1958, combines the rigorous curriculum of a top-ranked university with the individual attention made possible by our limited enrollment.
    [Show full text]
  • Download: Wfm 1991-04 Access.Pdf
    .._,I t-- -- - ____. HERITAG~ROMISE W~c#~o/~~,-~~~ ~ Vol. 3 7 No. 4 April 1991 This special issue of Wake Forest University Magazine is dedicated with appreciation to Jeanne P. Whitman. Contributing writers: Kerry M. King, Adele LaBrecque, Cherin C. Poovey, Bernie Quigley, and Jeanne P. Whitman. Contributing photographers: Susan Mullally Clark, Julie Knight, and Grigg Studio. Typography: Rachel Lowry. Mechanical design: Lisa Kennedy. Production supervision: Teresa B. Grogan. Printing: Fisher-Harrison Corp. WAKE FOREST UNIVERSITY MAGA­ ZINE (USPS 664-520, ISSN 0279-3946) is published five times a year in Sep­ tember, November, February, April and July by Wake Forese Universiry. Second class postage paid ac Winscon-Salem, C, and additional mailing offices. Please send letters co the edicor and alumni news co WAKE FOREST UNIVERSITY MAGAZINE, 7205 Rey­ nolda Station, Winston-Salem, C 27109. POSTMASTER: Send address changes co the WAKE FOREST MAGA­ ZINE, 7227 Re ynolda Station, Winscon- alem, C 27109. ~ ¥~ ~ te~ ~to- aff~ ~ fYde iJ%teM. @if .MJZ.W o/~ and ~~ ta /te4£' i?v de edt - od/ and~/ /te4,-f and n&f/. ~ ~ ~ o/rf)f/de iff~~~~ 7/Ubt& de ~yo/~ and~~.· ~ ~~ pt fYde @%;-~ tudfjv~ o/ ~ o/cwt tejueae~ ~. ~t eduw-~ ~ ~de~t?vaffo/~. ~~~aff~ ~ ~ ~ cldicaM tfei,t ~ to- de .iju;td o/~ ~. 1 These remarks were delivered informally He looks back at them, and, think­ and without a 'text. They were meant ing partly about himself, he says about to be listened to rather than read. So these boys , " I hope that when they please do not expect a formal essay. It grow up, when they become men, they is really just a talk to friends who think will receive an education.
    [Show full text]
  • Case No COMP/M.6314 – Telefónica UK/ Vodafone UK/ Everything Everywhere/ JV
    EN This text is made available for information purposes only. A summary of this decision is published in all EU languages in the Official Journal of the European Union. Case No COMP/M.6314 – Telefónica UK/ Vodafone UK/ Everything Everywhere/ JV Only the EN text is authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 8 (1) Date: 4/09/2012 EUROPEAN COMMISSION Brussels, 4.9.2012 C(2012) 6063 final PUBLIC VERSION COMMISSION DECISION of 4.9.2012 addressed to: - Telefónica UK - Vodafone Group - Everything Everywhere declaring a concentration to be compatible with the internal market and the functioning of the EEA Agreement (Case No COMP/M.6314 – Telefónica UK / Vodafone UK / Everything Everywhere / JV) (Only the EN version is authentic) TABLE OF CONTENTS COMMISSION DECISION addressed to: - Telefónica UK - Vodafone Group - Everything Everywhere declaring a concentration to be compatible with the internal market and the functioning of the EEA Agreement (Case No COMP/M.6314 – Telefónica UK / Vodafone UK / Everything Everywhere / JV) ............................................................................................ 7 1. NOTIFICATION.......................................................................................................... 7 2. THE NOTIFYING PARTIES ...................................................................................... 8 3. THE OPERATION AND THE CONCENTRATION ............................................... 10 4. UNION DIMENSION ..............................................................................................
    [Show full text]
  • Annual-Report-And-Accounts-2019.Pdf
    Satisfying the changing needs of our customers Enabling the transition to a lower carbon future Annual Report and Accounts 2019 Group Snapshot Centrica plc is a leading international energy services and solutions provider focused on satisfying the changing needs of our customers and enabling the transition to a lower carbon future. The world of energy is changing rapidly and Centrica is now equipped to help customers transition to a lower carbon future, with capabilities and technologies to allow them to reduce their emissions. Therefore, we announced in July 2019 our intention to complete the shift towards the customer, by exiting oil and gas production. The Company’s two customer-facing divisions, Centrica Consumer and Centrica Business, are focused on their strengths of energy supply and its optimisation, and on services and solutions, with a continued strong focus on delivering high levels of customer service. Centrica is well placed to deliver for our customers, our shareholders and for society. We aim to be a good corporate citizen and an employer of choice. Technology is increasingly important in the delivery of energy and services to our customers. We are developing innovative products, offers and solutions, underpinned by investment in technology. We are targeting significant cost efficiency savings by 2022 to position Centrica as the lowest cost provider in its markets, consistent with our chosen brand positioning and propositions. Alongside our distinctive positions and capabilities, this will be a key enabler as we target
    [Show full text]
  • DIA Group Faces Audit
    PULLOUT SECTION INSIDE: TV LISTINGS FOR THE WEEK JUNE 29-JULY 5, 1997 THE DETROITEtW VOL. 2 NO. 33 75 CENTS S unday To u r n a l CONTINUING THE STRUGGLE FOR JUSTICE AND CONTRACTS ©TDSJ SPECIAL SECTION INSIDE DIA group A c t io n! M o to w n M e m o r ie s faces audit City official questions Founders So By Paige St. John But in the 1970s, when a Journal Staff Writer financial crisis nearly crippled Detroit’s chief financial watch­ the DIA, the society began tak­ dog has ordered a special audit ing a more aggressive role in its of the nonprofit group that is try­operations. Currently it raises ing to gain control of the Detroitthe lion’s share of the DIA’s Institute of Arts. annual $34-million budget, is The audit comes in the midst responsible for all fund-raising, of a controversial push by Mayoroversees millions of dollars in Dennis Archer to remove the cityendowments and runs such aux­ from daily operation of the pub­iliary departments as its gift lic museum. shop and its photography Auditor general Joseph Harris department. said last week he is struck by the The city, meanwhile, has final absence of independent informa­say over the budget and policy tion on the Founders Society’sdecisions. About half of the claim that the DIA cannot sur­museum’s employees, including vive unless the Society is given thea director, curators, guards 20-year contract to run theand janitors, work for the city. museum as it sees fit.
    [Show full text]
  • Investor Newsletter
    Investor newsletter March 2009 From the CEO We feel much happier having Christmas behind us than in front of us: the lack of guidance provided at the interims in November was a true reflection of how difficult we felt it was for us to gauge demand and the health of the consumer. As it turned out, the pattern of the first half of the year continued: we achieved good volume growth and took significant market share, but at the expense of margin. Customers are still out there, but you need to give them a good reason to part with their money, and we did this through a typical Carphone combination of exclusive product and outstanding value for money. The polarisation of the market between high-end “smartphones” and very cheap entry-level handsets has been marked over the last six months. The mobile internet is now really here, not just via USB dongles but also on handsets. This is being driven by WiFi, HSPA and rapidly improving user interfaces. We expect conditions to continue to be tough this year, but one of the bright spots will be the trickle down of these technologies into the middle market, giving that segment a much-needed shot in the arm. At the TalkTalk Group, we have finally been able to move on from fixing the problems of our launch and completing the AOL integration, to concentrate on product and service innovation. Our customers tell us that they only want to pay for what they use, so we have relaunched our proposition offering a range of “booster” services (offering higher speeds, more download capacity and other enhancements) around the core phone-and- broadband tariff.
    [Show full text]
  • CONNECTED SOLUTIONS for a CONNECTED WORLD Carphone Warehouse Group Plc Carphone Annual Report 2012 Report Annual
    CONNECTED SOLUTIONS FOR A CONNECTED WORLD Carphone plc Group Warehouse Annual Report 2012 Carphone Warehouse Group plc Annual Report 2012 HARNESSING THE CONNECTED WORLD BY MAKING TECHNOLOGY ACCESSIBLE TO OUR CUSTOMERS Following the Group’s disposal of its interest in Best Buy Mobile and the closure of Best Buy UK, Carphone Warehouse Group now consists of: – CPW EUROPE (50% share) – the largest independent telecommunications retailer in Europe – VIRGIN MOBILE FRANCE (47% share) – the largest MVNO in France – GLOBAL CONNECT – new partnership with Best Buy which aims to replicate the successful Best Buy Mobile model in jurisdictions outside North America and Western Europe – OTHER ASSETS – property, cash and loans receivable with a market value at March 2012 of £201m TURN OVER FOR MORE INFORMATION ABOUT THE CARPHONE WAREHOUSE GROUP CONNECTED SOLUTIONS FOR A CONNECTED WORLD CPW VIRGIN MOBILE EUROPE FRANCE — Joint venture with Best Buy, — Joint venture with Virgin Group, a world‑leading consumer leading experts in developing electronics retailer MVNOs worldwide — Europe’s leading independent — Largest MVNO in France with telecommunications retailer, 1.9m customers, of whom operating in eight countries approximately 70% are postpay across Western Europe — Strong brand with innovative — Specialist advice in areas of propositions and high levels product and service complexity of customer service — Customer‑focused, with a demonstrated track record of high quality service — Approximately 2,400 stores and a well developed online proposition Headline
    [Show full text]