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Joseph Wharton WINTER 2012 MAGAZINE JW DINNER The 2011 Joseph Wharton Awards Dinner � � � � � � � � � � � � � � � � � � � � � � � 3 Jay Fishman, W’74, WG’74 � � � � � � � � � � � � � 4 Peter Lynch, WG’68 � � � � � � � � � � � � � � � � � � 6 Dr� Mehmet Oz, WG’86, M’86 � � � � � � � � � � 8 Nat Turner, W’08 � � � � � � � � � � � � � � � � � � 10 THE 2011 Joseph Wharton CLUB Letter from the President � � � � � � � � � � � � � � 2 Executive Committee � � � � � � � � � � � � � � � � � 2 AWARDS DINNER History of the WCNY � � � � � � � � � � � � � � � � 12 Placement on Nonprofit Boards � � � � � � � 14 Two Executive Volunteers Step Up! � � � � � 15 Membership Benefits � � � � � � � � � � � � � � � � � 22 Take the Call! � � � � � � � � � � � � � � � � � � � � � � � 23 Calendar of Upcoming Events � � � � � � � � � 24 Letter from Executive the Committee President O matter how busy things get at the WCNY, I love working on the President Joseph Wharton Awards Dinner. By honoring four alumni each year Kenneth Beck WG’87 we celebrate the breath and depth of the Wharton Alumni Community, CEO Connection N [email protected] which is quite amazing. Attending the dinner is a great opportunity to hear and meet these successful people in a private setting offered to no one other than Executive Vice President Wharton alumni. George Bradt WG’85 The caliber of thinking by Wharton Alumni is evident through the four PrimeGenesis Executive Onboarding extensive interviews of our 2011 award recipients in this magazine. Jay Fishman, [email protected] W’74, WG’74, CEO and Chair of The Travelers Companies, shared that: “We Vice President, Finance don’t swing for the fences, we go for lots of singles and doubles.” Peter Lynch, Rosemarie Bonelli WG’99 WG’68, said: “During my years at Fidelity, sometimes… I had a few good ideas. Chartis International Surety and ecoPractice But I always wanted to hear other points of view”. Dr. Mehmet Oz, WG’86, [email protected] M’86, shared his concern about his patients:” If only I had been able to get a key Vice President, bit of information to them perhaps a few months ahead of time, their condition Marketing & Communications could have been averted.” Nat Turner, W’08, who co-founded Invite Media, Peter Hildick-Smith C’76, WG’81 explained his investing approach: “When angel investing, I prefer personalities, Codex-Group LLC who are more reserved and who take time to learn things on their own, instead of [email protected] making rash assumptions.” Vice President, Career Development The Wharton Club of New York began in earnest in 1971 thanks to a confi- Charles S. Forgang, Esq. W’78 dent, young graduate, Bob Bedell, W’68, and an enthusiastic team of volunteers. Law Offices of Charles S. Forgang We are chronicling the history of the club in a series of articles beginning in this [email protected] issue. Be sure to let us know what you know about the club’s history, as this series continues. Vice President, Business Development Regina Jaslow W’97 Carl E. Rosen, WG’77, recognizes Wharton alumni’s abundant capacity to Penn Club of NY make a difference. Carl wrote about an event held by the Club’s Career Develop- [email protected] ment Division on how to get placed on a nonprofit board and why you should want to. Vice President, Volunteer Services Two key volunteers, who helped the club so much in past years, continue to Diana Davenport WG’87 The Commonwealth Fund propel it forward in their new positions. Regina Jaslow, W’97, and Jennifer [email protected] Gregoriou, W’78, share their thoughts on their hopes for the club. Speaking of involvement, you may wish to become a Contributing Member Vice President, Programming of the Club. Please read about the benefits of becoming a Contributing Member Jennifer Gregoriou W’78 and how to register. Jennifer Gregoriou, Management Consulting On a personal note, my good friend and the honorary chair of the 2011 Joseph [email protected] Wharton Awards Dinner, William P. Carey, W’53, passed away in December. The JWD was his last public appearance. What a great man, friend and alumnus.` Magazine Editor Finally, you know I am going to tell you: TAKE Kent Trabing WG’01 THE CALL! Review the postings on the inside USP Development LLC [email protected] back cover and visit this hyperlink, www.whartonny. com/forum.html to post your own! Remember • Wharton Alumni help, hire, invest in, and buy from Wharton Club of New York Wharton Alumni; and if a fellow alumnus calls… 1560 Broadway, Suite #1011 New York, NY 10036 you take the call! It is this enlightened self-interest Phone: (212) 463-5559 that is the ultimate power of the Wharton commu- Fax: (917) 464-5977 nity. The Wharton Alumni network continues to be Web: www.WhartonNY.com your most powerful tool for business, social, career • and intellectual growth. Use it! Take the Call! Kenneth Beck WG’87 Cover Photo (from left): Chief Executive Officer, CEO Connection Peter Lynch, WG’68, Samuel T� Lundquist, President, Wharton Club of New York Associate Dean, Kenneth Beck, WG’87, Wm� Polk Carey, W’53, Dr� Mehment Oz, WG’86, M’86, Nat T 646.416.6991 | F 646.292.5129 Turner, W’08, Jay Fishman, W’74, WG’74� [email protected] | www.ceoconnection.com 2 2 The 2011 Joseph Wharton Dinner Over 320 attendees enjoy conversation and cuisine at the magnificent Metropolitan Club in Manhattan LL alumni should attend at least one Joseph Wharton ton Award for Young Leadership for the Wharton alumna who, Dinner. Preferably often, for three reasons. First, the early in his/her career, has demonstrated the greatest potential A selected honorees are exceptional business leaders (Jon for leadership and lasting impact, was awarded to Nathaniel M. Huntsman, W’59, H’96, James David Power III, WG’59, Turner, W’08, Co-Founder of Invite Media. James Tisch, WG’76, to name a few) in both their accom- Benjamin Franklin wrote: “By failing to prepare, you are plishments and thinking. Their acceptance speeches lift you up preparing to fail.” Conversely these honorees all succeeded by as a member of the Wharton family. preparing well. From Peter Lynch who from age 11, learned Second, the environment is replete with friendly, alumni about picking stocks as a golf caddy, to Nat Turner who was on who focus on achieving their dreams and are fascinating to get his sixth start-up by the time he co-founded Invite Media as a to know. Finally, as an alum, you will walk out feeling inspired, senior at Wharton. The chairman of the event, William Polk challenged, and proud. Carey, W’53, likewise embodied that ethos, as an innovator in The 2011 Joseph Wharton Dinner, held at The Metropolitan real estate finance. Mr. Carey pioneered the sale-leaseback and Club, at One 60th Street, surpassed expectations. The four other financial instruments that at-once provided hundreds of honorees, interviewed in the following pages, were gracious in companies with needed working capital and steadily grew his their time talking to fellow alumni before and after the dinner, portfolio to 850 properties worth over $5 billion. He has since and gave thoughtful talks as one amongst friends. given away hundreds of millions of dollars to found several new The Joseph Wharton Award for Leadership for the Whar- business schools in his own name. ton alumnus/a, who embodies the highest standards of leader- Over 320 alumni convened to congratulate and reconnect. ship in both business and society, was given to Jay Fishman, Jamie Rich, C’93, WG’01, a managing director at J.P. Morgan W’74, WG’74, Chairman and CEO of the Travelers Com- Chase & Co., shared that “The awards dinner was a unique panies. The Joseph Wharton Award for Lifetime Achieve- evening with perspectives on leadership and success shared by ment for the Wharton alumnus/a, who has had tremendous an incredibly diverse set of honorees from investment legend positive and sustained impact on business and society over the Peter Lynch to health guru Dr. Oz.” George Bradt, WG’85, a course of their careers, was given to Peter Lynch, WG’68, Vice managing director of PrimeGenesis, an executive onboarding Chairman of Fidelity Management and Research. The Joseph firm, confirmed that “the Joseph Wharton dinner evening is Wharton Award for Social Impact for the alumnus/a who has special because of the people in attendance. This includes the had the greatest impact in public service, social enterprise or award recipients of course, but also the award presenters, spon- philanthropy, was awarded to Dr. Mehmet Oz, WG’86, M’86, sors, volunteers and dinner attendees each of whom has his or heart surgeon and host of The Dr. Oz Show. The Joseph Whar- her own unique story - well worth hearing.” WHARTON CLUB OF NEW YORK | WINTER 2012 | WWW.WHARTONNY.COM 3 Joseph Wharton Award for Leadership 2011 Jay Fishman, W’74, WG’74 An Interview with Jay Fishman, W’74, WG’74, Chairman and tributes complement the thoughtful business approach that CEO of The Travelers Companies, Inc. has been the hallmark of Jay Fishman’s leadership at Travel- ers, as well as his participation on the Board of Trustees of O lead your Dow Jones 30 company unscathed the University of Pennsylvania. through a major financial crisis and recession, a CEO must converse. You may have the “best management At the Joseph Wharton Awards ceremony, T you announced that Travelers would team in the industry,” but you must be able to engage them, advance ideas, listen, and learn. make a $100,000 contribution to the You can have a conversation with Jay Fishman. It helps Wharton Club of New York, beyond its that, while he takes his responsibilities seriously, he tries not co-sponsorship of the Joseph Wharton to take himself too seriously. In his too short acceptance Awards Dinner.
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