WHARTON ALUMNI CLUB OF NEW YORK | FALL 2017

WCNY CELEBRATES WCNY Volunteers LEADERSHIP Share Club’s TRANSITION + Last 22 Years LETTER FROM THE PRESIDENT EXECUTIVE COMMITTEE Fall 2017 ave you ever looked at the variety of industries listed Tony Andreoli, W’97 in the Wharton Alumni Directory? Wharton alumni Vice President, Business Networking impact the world in many walks of life! Chair, Social & Special Events [email protected] As your new President of the Wharton Club of New York (WCNY), I envision the Club providing you Florin Armenciu, WG’13 Hvaluable resources that positively impact you and what you do Vice President, Wharton Investment professionally or personally, no matter your class year. And I hope Resource Exchange (WIRE) you will consider positively supporting your fellow alumni through [email protected] the Club’s many offerings.

Rosemarie Bonelli WG’99 Normally each magazine highlights those offerings, whether it be the Joseph Wharton Vice President, Finance Dinner, our multitude of career development services, our many affinity groups in the CFO, [email protected] entrepreneur, hedge fund, investment, real estate, and retail arenas; our Speaker Series, social outings, business development groups, and more! Udayan Chattopadhyay, WG’01 Vice President, University Relations This issue however, commemorates the recent history of the Club (from 1995) and the [email protected] current leadership transition. Even as alumni of the number one business school in the world, you know that it is not easy Blair Duncan WG’85 to start or to grow a successful business. The odds are against you. The same is true for an Vice President, General Counsel organization. Many alumni clubs struggle, even falter, as WCNY had at one time. [email protected] There are many factors that make a club thrive, and you read about those factors in this Chuck Forgang W’78 issue. I recently heard from the School’s alumni office that other clubs are always looking to Executive Vice President learn how WCNY is organized. Some may think that part of our success formula is our large Vice President, Career Development base which offers a pool of volunteers and active participants at events. However, WCNY [email protected] has learned – the hard way – that size alone does not enable a club to succeed. Rather, the quality of dedicated team-focused volunteers sharing the vision, possessing integrity and Jeff Greenhouse W’97 fiscal discipline, offering their commitment of time, and fulfilling their deliverables in a timely Vice President, Marketing & manner are the building blocks of a successful club. Communications [email protected] It’s important to note that it takes many (hundreds!), to make WCNY successful. And often the positive results of alumni efforts aren’t seen until years later. So, I want to stress that Jennifer Gregoriou W’78 WCNY is grateful for all those who contributed their time, effort, and funds since the Club’s Vice President, Programming founding, in 1962! [email protected] In this issue we asked a few volunteers, in the Club to represent all of you. Nigel Edelshain, Jordan Halperin W’98 WG’93, shares his perspective as Chairman of WCNY since 2003 (through June 2017) and Vice President, Volunteer Services of course, how Kenny Beck, WG’87, dramatically changed WCNY. Dana Michael, W’82, talks [email protected] about his time since joining the board in 1996, and the Board nomination process. Allen Levinson, W’77, WG’78, explains how the Club progressed in the late 1990s and how the Regina Jaslow W’97 Joseph Wharton Dinner started-up again. Tom Courtney, WG’90, explains how the Club was President re-built in the mid-1990s. [email protected] And I share my thoughts on our path forward.

Regina Jaslow, W’97 President | Wharton Club of New York Co-Founder & Chief Marketing Officer, Dove Tree Style Phone: 201-679-0433 [email protected]

The Wharton Business School Club of New York WHARTON CLUB OF NEW YORK MAGAZINE 1324 Lexington Avenue, Suite 409, New York, NY 10128 PUBLISHER EDITOR Phone: 212-463-5559 Regina Jaslow, W’97 Kent Trabing, WG’01 Club website: www.WhartonNY.com [email protected] [email protected]

FRONT COVER: MANAGING EDITOR LAYOUT & DESIGN Peter Hildick-Smith, C’76, WG’81, P’13 Alberto Faccon Kenny Beck, WG’87, Chairman, [email protected] [email protected] WCNY with Regina Jaslow, W’97, President, WCNY. READ THE MAGAZINE ONLINE www.readwny.com (Photo credit: Jonathan Silvers/Saybrook) IN THIS 4 ISSUE 6 8 17 2 LETTER FROM THE PRESIDENT 3 WCNY MAGAZINE AD RATE CARD 12 15 BLUEPRINT FOR SUCCESS 4 NIGEL EDELSHAIN, WG’93 REACH 6 REGINA JASLOW, W’97 PRESIDENT, WCNY 30,000 20 TOM COURTNEY, WG’90, WCNY 18 8 PRESIDENT 1995 WHARTON

12 KENNY BECK, WG’87 ALUMNI CHAIRMAN, WCNY IN THE NEW YORK METRO AREA PETER HILDICK-SMITH, C’76, WG’81, P’13 15 WCNY MAGAZINE AD RATE CARD DIANA DAVENPORT, WG’87 & 17 UDI CHATTOPADHYAY, WG’01 WCNY Magazine reaches 30,000 Wharton alumni living or working 18 ALLEN LEVINSON, W’77, WG’78 in New York, New Jersey and Connecticut. 20 DANA MICHAEL, W’82 Alumni sponsorship discounts are available upon request. JENNIFER GREGORIOU, W’78 & Non-camera-ready ads may be 21 BILL HADDAD, W’89 W’82 subject to production charges. A 15% commission is offered to ad agencies. Premium positions for ads CLUB can be secured for a 20% fee.

THANKING SPONSORS OF THE 10 JOSEPH WHARTON DINNER DEADLINES SPACE RESERVED MATERIALS DUE 16 TAKE THE CALL! WINTER ISSUE OCTOBER 31 NOVEMBER 15

PREMIUM MEMBER & VENUE FOR INQUIRIES BLACK & WHITE FULL COLOR 22 PROVIDERS – THANK YOU! REGARDING FULL PAGE $1,600 $2,000 SPONSORSHIP ADS 23 MEMBERSHIP HALF PAGE $1,120 $1,400 PLEASE CONTACT: QUARTER PAGE $640 $800 [email protected] EIGHTH PAGE $400 $500

READ ARTICLES ONLINE AT READWNY.COM | 3 BLUEPRINT FOR SUCCESS

YOUR MOST IMPORTANT JOB!

Nigel Edelshain, WG’93 Past Chairman, WCNY, VP of Marketing for Wainscot Media

Nigel Edelshain, WG’93, left his native England for America to study marketing at Wharton. Today, Nigel runs a digital marketing agency, BigFish Digital Solutions (to help companies become big fish in their local ponds), and is VP of Marketing for longtime magazine publisher, Wainscot Media. Nigel has enjoyed a front-row seat to the Club’s success, and shared the key milestones accomplished by Kenny’s management team.

“Your most important job is finding your successor.” New York is a big city. I’m still not sure how Tom Courtney, WG’90, heard about the entrepreneurs’ club that I had started for Wharton alumni. He did, and invited me to visit the Wharton Club of New York. I became very active in organizing events and other initiatives for the Club, and when Tom’s term expired in 1999, I was elected President! In 2002, Tom, who had become Chairman of the Club, told me, “Your most important job as President now, is to find your NIGEL EDELSHAIN, WG’93, RECEIVING AN AWARD ON JUNE 15, 2017 FOR HIS CHAIRMANSHIP AND SERVICE TO THE CLUB successor.” Tom and I assembled a Club Nominating Committee, which included Hans Albeck, WG’74; Dana Michael, W’82; and Allen Levinson, W’77, WG’78. Well, you know how that story account to $1 million, which we could then use as an endowment ends. We chose Kenny Beck, WG’87, as the new President of the for the Club and its membership. Club. Looking back, I consider that one of my best decisions. I When I heard that, I thought, “Well, this guy is clearly mad,” remember thinking at the time, “Kenny seems to have all the right because the Club had only $40,000 in the bank. As the previous ingredients to be President, because it requires someone with an President, I was proud to have been hands-on in all aspects, from entrepreneurial spirit, and that is something Kenny has plenty of.” running events and increasing membership. I felt I knew quite This year, our Board made an equally important choice, to pass well the operations of the Club and its ability to generate cash. I the mantle of the Presidency from Kenny Beck to Regina Jaslow, thought, “There is no way we are going to generate $1 million to W’97, and the Chairmanship from myself to Kenny. It has been put in the bank.” an amazing 15 years for the Club and for the Wharton alumni I was wrong. At the WCNY board meeting this year on June community in the New York region. I’d like to mention four areas 15, Roe Bonelli, WG’99, the Club’s Vice President of Finance, that made a difference. announced that we now have $1,388,208.23 in the bank. Wow! Having embraced such a challenging goal and helping to 1. Becoming financially sound accomplish it — that is an incredible feeling. It was one of those At one of our early board meetings, I remember Kenny “did this really just happen?” moments. It reminded me of the announcing that our goal would be to grow the WCNY bank feeling I had when I got that my acceptance letter from Wharton.

4 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 closer to the school and making them more aware of all the opportunities to give back to up-and-coming alums. It has strengthened the alumni network for all.

3. Take the Call Words matter. To me, the Club always stood for networking and helping alumni benefit by connecting with other alumni. Kenny knew this, too, but condensed the several sentences we used to explain this, to three essential words: Take the Call. PAST WCNY PRESIDENTS: ANDY MCMASTER, WG’76; That simple phrase stuck. And the fact that it stuck KENNY BECK, WG’87; AND NIGEL EDELSHAIN, WG’93 is incredibly important. More and more alumni “got” the concept that, when another Wharton grad or undergrad called (or emailed) them, it was in their interest to respond and it was their duty as part of the community. If you take the call, then someone will take your call one day when it really matters to you. As Kenny would say, it’s “enlightened self-interest.” Getting this idea to stick was a big deal for all Wharton alumni.

4. First donation to the School The Club just donated $100,000 to the Wharton School. I believe this is the first time ever that an alumni club has donated to the school — certainly of such a sizable amount. Donating to the school speaks to the Club’s intentions of strengthening the lifetime value of a Wharton education. We’ve already made huge strides in improving the alumni experience, and now, we can contribute to growing the student experience.

A strong organization of volunteers RANDY JOY EPSTEIN, W’97; NIGEL EDELSHAIN, WG’93 I mentioned that, when I was President, I was proud of the fact that I was “hands on” with the Club events and operations. In hindsight, I had a lot to learn about running a 2. The Dinner Returns business. So, how did Kenny and the Club’s management team beat the From his first week in office, Kenny went about building a strong odds and make this crazy goal happen? The first part was vision. organization of volunteers. These volunteers were organized into Kenny had an audacious goal, and he had a vision of how we would teams, and an actual organization chart was developed. Projects get there. The biggest part of this vision was bringing back the were delegated to the appropriate team. Club’s at-the-time dormant Joseph Wharton Dinner (the “JWD”). This The result? The Club can achieve many times what it could took courage. when my small team tried to run the whole show. We now offer You see, the Club’s dinner had become an issue in the past. The more events and more benefits for Club members than ever situation was complicated, and it did not seem like something that before. was safe to wade into … to me anyway. But Kenny was not going to be put off. He announced he would bring the dinner back, knowing Kenny’s biggest contribution what a large revenue generator it had been for the Club in the past, The Club has come so far in the past 15 years, but there’s so and knowing it would drive us on to that goal of $1 million in the much more to do and so much potential in what the alumni bank. network can be for you. I believe history will show that Kenny’s In fact, the dinner has done a lot more for Wharton alumni and the biggest contribution was finding our new President, Regina school than just create a fiscally strong Wharton Club of New York. Jaslow. From what I’ve seen already, she has a great vision for the It has raised the visibility of the Club many times over with the most Wharton Club of New York that will make our Wharton degree senior and influential alumni in our community, bringing them even even more valuable in the future than it is today.

READ ARTICLES ONLINE AT READWNY.COM | 5 BLUEPRINT FOR SUCCESS

MY HISTORY

Regina Jaslow, W’97 President, Wharton Club of New York

It was 2003 when I first looked up the Wharton Club of As Chair of the new University Relations Committee, I New York to learn more about our alumni chapter in New worked directly with the Wharton MBA Admissions Office York City. I signed up to attend a volunteer orientation event, to source locations and gather alumni to speak at MBA and it was held at one of Kenny Beck’s furniture showrooms. candidate recruiting events. After successfully serving two I remember that there were lots of comfy office chairs for all years in that committee, Kenny reached out to me and asked of us! My enlightened self-interest then was to get back in if I’d step up to serve as Vice President of Programming. touch with faculty on-campus as I was working on a business In 2004, this division oversaw three committees: Speaker plan for my own startup, Dove Street Style, with fellow alum Series, University Relations, and Social and Special Events. and husband, Jason Jaslow, W’95, EAS’95. It turned out that I passed the torch of Chair of the University Relations WCNY did not have an alumni university relations committee, Committee to Gilles Guillon, WG’04 — that’s when I learned and when Kenny called me the next day and asked if I’d start that maintaining a deep bench helps make the transition a lot and chair such a committee, I took the call! easier!

6 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 During the next seven years, from 2004 to 2011, OUR PATH AHEAD Programming’s most notable accomplishment was reviving Thanks to the visionary leadership of Kenny Beck, WG’87, the Joseph Wharton Awards Dinner. This project was of special the foundation for the Wharton Club of New York is strong interest to Kenny. It was neat to learn that the dinner was and stable. As the new President of WCNY, I can build on regarded as the Academy Awards of business in the 1970s! It that foundation and envision a future where we engage with was truly a privilege to be among the initial group of volunteers our diverse alumni base and impact more alumni. to specify the vision and fiscally prudent parameters within which we wanted to revive the dinner — to fulfill its mission of In shaping my vision for WCNY’s path ahead, I have engaging senior alumni, while supporting the Wharton brand. sought feedback and advice from many volunteers over the In 2011, Kenny once again asked if I would take the call and years, including Carol Vinelli, an executive coach whose manage the Business Development Division of WCNY, as the volunteer contributions to WCNY have been astute and volunteer leading that division was leaving the country for work. untiring. Diana Davenport, WG’87, who served many years Jennifer Gregoriou, W’78, who served many years as a fantastic as Vice President of Volunteer Services, and now serves Chair of the Speaker Series Committee, had been super on the Board of Directors, took the time to meticulously go dedicated and reliable, and shown grace in communicating through my written pile of thoughts about the path ahead sometimes difficult news to members, such as “sorry, no for WCNY and (tactfully) helped me to better organize and refunds.” I, in turn, asked Jennifer if she’d step up into the Vice crystallize my ideas. President of Programming role, and she said “Yes!” — again, making the transition easy and seamless. During my tenure as President of WCNY, I’d like to work on I served as Vice President of the Business Development these five areas: Division from 2011 to 2017. The division included the Leads • Engage Wharton alumni holistically — Wharton alumni Councils (renamed Business Development Groups in 2016), identities go beyond their professional careers. Our Affinity Groups and Wharton Investment Resource Exchange alumni club can do more to provide valuable resources, (WIRE). WIRE consists of the Wharton Alumni Angel Network support and community to Wharton alumni in all walks (WAAN) and the Wharton Investment Network (WIN). and stages in life, including those working in nonprofits As the groups grew, it became a challenge to build a deep bench of volunteers who had the bandwidth to manage or staying at home to care for their children or elderly these groups. Thanks to a great suggestion by Chuck parents, for example. Forgang, W’78, the Business Development Division was made • Harness the power of technology — We can accomplish more manageable by splitting into two divisions: Business more by using technology to enhance our resources Networking (which includes the Business Development Groups and engage more alumni. For example, we will explore and Affinity Groups), and WIRE (which includes WAAN and WIN). Tony Andreoli, W’97, now serves as Vice President of hosting online events to engage alumni and speakers Business Networking, and Florin Armenciu, WG’13, serves as who are unable to easily travel to Club events, and using Vice President of WIRE. I am thankful for all the volunteers who mobile-friendly tools to collaborate with volunteers. took the call in these important roles to shape and enhance our • Help alumni attain leadership positions — We will alumni experience. I’m especially thankful for Chuck Forgang, who continues as Vice President of the Careers Development provide alumni access to continuing education that Division, and will now also serve as Executive Vice President of focuses on advancing professionally and obtaining roles WCNY, replacing George Bradt, WG’85. of influence in business, civil society and government. In addition to serving in these operating capacities for WCNY, This will increase alumni connections and further I also served on the Board of Directors from 2007 on. On enhance the Wharton brand. the board, I served on the Investment Committee and Board Nomination Committee. When Kenny announced in 2015 that • Focus on diversity, equity and inclusiveness — We will he would step down as President of WCNY, we knew that there take proactive steps to increase the diversity, equity and would be elections for that leadership role, but somehow, all inclusiveness of Wharton alumni in leadership roles, eyes turned to me. What can I say? I took the call! including C-suite and board roles. • Make the call — While our motto, “Take the Call” is still the minimum “ask” of any alum, we want to build a future where alumni are proactively making the call to get fellow alumni into C-suite roles, board roles, jobs and business referrals.

To accomplish these goals, we will need alumni to rally around them and help bring this vision to fruition. If any of the above areas tug at your enlightened self-interest, please make the call — serve as a volunteer (PHOTO L.) KENNY BECK, WG’87; REGINA JASLOW, W’97; (PHOTO and take on a leadership role in R.) JEFF GREENHOUSE, W’97; REGINA JASLOW, W’97; AND DANA MICHAEL, W’82, AT THE 2016 JOSEPH WHARTON AWARDS DINNER, shaping the future of our alumni club, WITH JENNIFER NAVARRO, WG’14, AND NEIL GOLDMAN, G’86, OF together! GENERAL DYNAMICS IN THE FOREGROUND READ ARTICLES ONLINE AT READWNY.COM | 7 BLUEPRINT FOR SUCCESS

LEADING WCNY LIKE A STARTUP

Thomas Courtney, WG’90 Past President and Chairman of the Wharton Club of New York President, The Courtney Group

Thomas Courtney, WG’90, President of WCNY from 1995 to Street experience, with an entrepreneurial West Coast spirit and 1999, and Chairman from 1999 to 2003, shares his memories a focus on companies with revenues from $10 million to $500 of leading WCNY “like a startup.” Today, Tom lives in Southern million. California and manages The Courtney Group, a private equity and investment banking group that provides services to middle How did you get involved in WCNY? market companies in consumer, chemical, financial services, I had joined and created the Club’s career development healthcare, manufacturing and technology industries. The firm program in 1992, because I was doing a job search and thought provides senior-level people, responsive attention and Wall I could organize the Club’s resources to help me and benefit

8 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 TOM COURTNEY, WG’90, AT THE 1996 GLO BALL, A PREDECESSOR TO THE JOSEPH WHARTON DINNER everyone else as well. I found it fulfilling helping people in their job searches. Also, in 1995, I got involved in organizing the fifth reunion for my MBA class. We had over 250 classmates attend, up from an average of 50 in prior years. Shortly after this, I was asked to become the Club President. At the time, the Club’s liabilities exceeded its assets by about $100,000. Hans Albeck, WG’74; Dana Michael, W’82; Allen KAREN FRIEDEL CANDREVA, W’89 AND HANS ALBECK, Levinson, W’77, WG’78; Faith Rosenfeld, WG’78; Rick Wien, WG’74, AT A 1995 WCNY EVENT WITH RUDY GIULIANI, AT W’79; Jim Anchin, W’65, WG’66; Sharon Fordham, WG’77; Walter THE PENN CLUB Tomenson, WG’74; Ruth Colp-Haber, WG’85; Larry Lipoff, W’82; Lorrie King, WG’91; Sean Sovak, WG’93; and Karen Friedel Candreva, W’89, helped put together a plan to raise funds (mostly by writing checks ourselves) and reinvigorate the Club. We held focus groups to determine what alumni wanted and then tried to offer those things. It worked. In two years, we paid off the debts, expanded membership and our board, and created a compelling series of programs and events that drew ever larger participation. In those days before email, I had my computer set up with software to send announcements by fax. It was like leading a startup. I know it was like a startup, because at the same time, I was launching a startup investment bank and private equity firm, The Courtney Group. Nigel Edelshain, WG’93, had formed an entrepreneurial club with other recently graduated alumni in New York City. Some people in the Club thought it was a threat to the Club. But I HANS ALBECK WG ’74 AND W.P. CAREY CONFER AT 1995 thought it was great and did everything I could to encourage WCNY EVENT, WITH TV CAMERAS IN BACKGROUND him. I thought the entrepreneurial club would appeal to a lot of Wharton alumni and asked Nigel to offer the events he was planning for all Wharton alumni. In 1999, I got Nigel to take over for me as President of the Club. I love Nigel. He did an excellent job leading the Club and recruiting Kenny Beck. Kenny did an amazing job leading the Club, and now, it’s Kenny’s turn to pass the baton.

What were some of the Club initiatives at the time? In my first year as President of WCNY, we organized a black-tie party for about 130 people at a loft on 14th Street, Manhattan Penthouse. We had a band, and we had a lot of fun. I liked it so much that, when I got married a few years later, I had my wedding reception there. In fact, it was a lot of the same people at both events. We hoped the event would continue to grow and could be the foundation for bringing back the Joseph Wharton RICK WIEN, W’78, AND DOUG ROBERTS, WG’83, AT AN EVENT WITH MICHAEL PRICE ON STOCK PICKING IN 1996. Awards Dinner. I hoped that leading WCNY might also help me get new clients. It didn’t. But many of the amazing people on the board and in investors, and senior alumni seeking to give back. It has been a the Club, became close friends and supported me in many other pleasure to see the Wharton Private Equity and Venture Capital ways. Association (www.wpen.org) endure and become a compelling You get out of the Club what you put into it. I put a lot into the organization in its own right. Club and got a lot out of my involvement — lifelong learning, but also lifelong friends. I was active in the Club until 2003, when I What do you value about the Club? moved from New York City to Newport Beach, California. WCNY continues the premise of lifelong learning. At one A Wharton initiative beyond the club began in 1998. Two young event, we had an economist from the New York Federal Reserve alumni, Praveen Jeyarajah, WG’95, and Amarish Mehta, W’95, sharing information on the direction of the economy. I still recall asked for my ideas about forming an affinity group for people in the description of how the economy in New York City is driven private equity and venture capital. We met in the grill at the Penn primarily by the FIRE sectors — finance, investment and real Club and mapped out the plan on a couple of napkins. That group estate. There are so many movers and shakers in New York City. has done well and has helped younger people starting out in WCNY helped me and many other people meet them, hear their their careers, as well as experienced people on finding deals and stories, and get insights and inspiration.

READ ARTICLES ONLINE AT READWNY.COM | 9 CLUB

THE WHARTON CLUB OF NEW YORK THANKS THE GENEROUS SPONSORS OF THE JOSEPH WHARTON DINNER OVER THE PAST ELEVEN YEARS

2006 Fimat* LLC Newedge* Korn/Ferry International* Court Square* NYPPEX* Lead Sponsors Matlin Patterson* Global Events* UBS* McKinsey & Company* Spencer Stuart* Matlin Patterson* Merrill Lynch* TBS* The McGraw-Hill Companies* Omnicom Group* Newedge* 2012 UBS* NYPPEX* 2008 PNC Platinum Sponsors Platinum Sponsors Travelers Insurance* Comcast* Korn/Ferry International* Major Sponsors Tyco NBC Universal* Lehman Brothers Omnicom Group* UBS* Leonard A. Lauder Lexington Partners* W.P. Carey* Platinum Sponsors Gold Sponsors Apollo Real Estate Advisors 2010 Gold Sponsors KPMG Guardsmark* BlackRock Investments* Lippincott Mercer Lexington Partners* Major Sponsors CBS W.P. Carey* The McGraw-Hill Companies* W.P. Carey* Court Square* UBS* HBO Silver Sponsors Platinum Sponsors Jefferson University and Boston Consulting Group Gold Sponsors Allianz Hospitals Fimat* Angelo Gordon & Co The McGraw-Hill Companies* Newedge* Morgan Stanley* Arcelor Mittal Weiss Multi-Strategy Advisors NYPPEX* Norman Hsu Court Square* LLC Sequence* SCP Partners ING Real Estate Showtime* Korn/Ferry International* Gold Sponsors The Geier Group Newedge* Matlin Patterson* Travelers Insurance* 2007 NYPPEX* Global Events* UBS* Global Events* Travelers Insurance* Major Sponsors Weil, Gotshal & Manges Sherwood Equities Court Square* Omnicom Group* Showtime* UBS* UBS* W.P. Carey* 2013 Platinum Sponsors 2011 Major Sponsors Deloitte* 2009 Ronald O. Perelman Lenovo* Major Sponsors Lexington Partners* Major Sponsors Travelers Insurance* Platinum Sponsors Merrill Lynch* Omnicom Group* W.P. Carey* Investor* The McGraw-Hill Companies* Omnicom Group* Platinum Sponsors Platinum Sponsors Gold Sponsors BlackRock Investments* MetLife Gold Sponsors (2013) Alvarez & Marsal* Comcast* Randall J. Weisenburger* Arthur and Dahlia Bilger Berens Capital Management, Guardsmark* Bank of America Merrill Lynch* LLC* Gold Sponsors Citi Court Square* Gold Sponsors Court Square* NYPPEX* Deutsche Bank* American Securities Advisors, Global Events* Sequence*

10 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 2014 2016 IN 2012, Jay Fishman, W’74, WG’74, longtime CEO Major Sponsors Major Sponsors of Travelers Insurance, American Airlines General Dynamics was honored with the McKinsey & Company* Kohl’s Joseph Wharton Award for Leadership. In his speech, Platinum Sponsors Platinum Sponsors he shocked attendees by Johnson & Johnson* Johnson & Johnson* announcing that Travelers Randall J. Weisenburger* Burlington Coat Factory would make a $100,000 Macy’s Inc. contribution to the Gold Sponsors Mile 26 Capital* Wharton Club of New York. Gogo Perry Ellis International ROBERT KAPITO, W’79, HANDING What was behind his Investor AB* THE JOSEPH WHARTON AWARD Sequence* Gold Sponsors FOR LEADERSHIP TO JAY donation? AbbVie FISHMAN, W’74, WG’74, IN 2012. Jay said, “I wanted to Coco Lee & Bruce Rocowitz acknowledge Ken Beck 2015 FIT and the rest of the group Henry Crown and Company for their remarkable success in reinvigorating the Club. Ken has Platinum Sponsors Jay and Patty Baker invested so much time and so much energy. What an organization Johnson & Johnson* Lucy and Ken Hicks needs to thrive is true interest in both the organization and its Mile 26 Capital* Tailwind Capital members. Ken is an unabashed advocate. The funny thing was that Oaktree Capital William Lauder I was being recognized for leadership, and that was very gracious. Paul Weiss Sequence* But if you peel the onion, you’ll find there is someone else at the center who is also deserving of the recognition and the honor. In Gold Sponsors Supporter this situation, that person was clearly Ken.” Comcast | NBC Universal* Huntsman Corporation Jay, who sadly passed away in 2016, was loved by many Davis Polk Under Armour Debevoise & Plimpton communities for his generosity. Only this month, I discovered Deloitte* that Jay had served on WCNY’s Board during the 1990s while it Heidrick & Struggles * Denotes multi-year donations underwent financial difficulties. So, he could appreciate how far the Jones Day Club had come. Sequence*

Empire Valuation Consultants congratulates the Wharton Club of New York on its success!

Valuation Services Include: • Hedge Fund & Private Equity Fair Value • Trust & Estates • ESOPs • Financial Reporting The Penn Club of NY would like to congratulate our friend KENNY BECK WG’87 on his successful tenure as president of Mark Shayne, ASA, CPA/ABV The Wharton Club of NY [email protected] 212.714.0122 Thank you for your ongoing support 350 Fifth Avenue, Suite 6115 Experience Excellence as a longtime Penn Club member! New York, NY 10118 www.empireval.com 212.714.0122 BLUEPRINT FOR SUCCESS A Lifelong Commitment

Kenneth Beck, WG’87 Chairman, Wharton Club of NY

Wharton changed my life. I met my wife there. I made a lot of friends both on campus and through the Club, and started a student credit union. I sold a business, found my business partner, launched a business and got a phenomenal education. It is a lifelong commitment, and if you stay involved, it pays lifelong dividends (oh, what a Wharton thing to say). I am not going anywhere.

KENNETH BECK, WG’87 ENNY BECK, WG’87, is the 18th President of the Wharton Club of New York. We look back at the history of the Club and its leaders, and talk to Kenny about why he is an unabashed advocate for the Club today. KPaul Paulson, WG’59, founded the Club for graduate students in 1962. (see the Summer 2013 article on Paul). The Club took a significant leap in 1970 under the enthusiastic leadership of our second President, Bob Bedell, WG’68. Bob created the first Joseph Wharton Dinner in 1972, honoring David Mahoney, Chair of Norton Simon (see the Winter 2012 issue).

From 1973 until 1994, 13 Presidents served, often under the (L.) LEON NAD, WG’48; NELSON ROCKEFELLER; DONALD Chairmanships of Bob Bedell (1983 to 1987), and Andrew G. KENDALL; DONALD CHALLIS, C’64, WG’66; BOB MORAN, WG’65 McMaster, Jr., WG’76, Vice Chairman of Deloitte & Touche (1988 to 1991) Those Presidents were: Robert Grasso, WG’68 Robert J. Moran, WG’65 Robert G. Rogers, Jr., WG’69 Donald Challis, C’64, WG’66 John J. Trojan, Jr., WG’70 Richard S. Carmichael, EE’65, WG’69 David Bougopoulos, WG’75 Andrew G. McMaster, Jr., WG’76 J. Michael Anderson, WG’68 Denis A. Keneally, WG’80 Paul J. Reszutek, W’79, WG’79 Carl Trop, W’81 Myrna de Jesus, WG’70

(R.) KENNY BECK, WG’87, SHARING A STORY In 1992, the University of Pennsylvania made a huge effort to DURING A JOSEPH WHARTON DINNER establish The Penn Club in Manhattan The University campaigned senior alumni to support The Penn Club. In that year and the next, the Club tried to hold the Joseph P. Wharton Dinner, but senior alumni couldn’t do both. In 1991, the last recorded dinner honored several quality events each year. I said, “Guys, this is not going to James D. Robinson III, CEO of Amex, with Leonard A. Lauder, help me sell office furniture.” Nigel let me set up a Leads Council (a W’54, as a passionate keynote speaker. noncompetitive group of Wharton alumni who exchange business In 1995, Tom Courtney, WG’90, proposed fresh ideas to leads), and in nine months, I had over $1 million in sales. So it was rejuvenate the WCNY and implemented them. Tom also in my enlightened self-interest to get more involved. discovered Nigel Edelshain, WG’93, who became President in Today, we have over 250 volunteers and run 200 to 300 events, 1999 (see the two articles in this issue — on Pages 4 and 8). meetings and activities a year. But, more importantly, we provide From 2003 until July of this year, Kenny Beck led the WCNY, real value to over 30,000 alumni in the New York metropolitan revived the Joseph Wharton Dinner, and created a blueprint for area. how an alumni club can grow and thrive. What makes WCNY so different? You have been President for 15 years. What are you going to Most alumni associations run events. The problem is that do now? most alumni do not want to attend events. We connect alumni to I am going to Disneyland! Look, Wharton changed my life. I one another; to people, information and resources available only met my wife there. I made a lot of friends both on campus and through the alumni community; and to the school. through the Club, and started a student credit union. I sold a business, found my business partner, launched a business and got Everything we do is based on three principles: a phenomenal education. It is a lifelong commitment, and if you • Enlightened self-interest. You have to give to get, but when stay involved, it pays lifelong dividends (oh, what a Wharton thing you help someone else, you wind up helping yourself, too. to say). I am not going anywhere. • Tangible results. Networking and events are a means to an Isn’t that what FDR said? end, not an end unto themselves. You should be able to find No, he did not go to Wharton, and I am not going to die in office. anything you need through the community; the events are just Now that I am Chairman of the Board, I have a whole new agenda one channel of distribution. we need a global alumni association! ... • Small, interactive events. These are more valuable and effective than large passive events We would rather you How did you first get involved, and how did we get here from , . be in a room with five Wharton alumni getting to know one there? another than 500 alumni listening to a speaker. I acquired an office furniture dealer in Manhattan and I thought the WCNY would be my competitive advantage. I went to a Then, it is all wrapped together by the concept of “Take the Call.” meeting and found 12 really committed volunteers who ran You have heard that once or twice before, right?

READ ARTICLES ONLINE AT READWNY.COM | 13 Establishing the infrastructure The infrastructure we created is rigid enough that, when you do not have the right people in place, the minimum still gets done. But it is also flexible enough that, when you do have the right people, they can do remarkable things. We had great people, and they did great things. From the vision and the mission, to volunteer management, budget and planning, and this magazine, the infrastructure we put in place allows people to pursue their interests, while BOARD DIRECTORS AND EXECUTIVE COMMITTEE MEMBERS AT THE helping the community and the school 2016 JOSEPH WHARTON AWARDS DINNER ANNOUNCE THE CLUB’S $100,000 DONATION TO THE WHARTON SCHOOL with enlightened self-interest as the driving force. (Have I said that enough?) Finally, how amazing (though not surprising) is it that so many talented people are involved in our succession planning so that it can occur without any drama?

Regina Jaslow, W’97, is phenomenal. She started as a Committee Chair and then served as VP of two different KENNY BECK, WG’87, WITH A MAJOR JON HUNTSMAN, W’59, H’96; UNIVERSITY SUPPORTER AND FRIEND, RANDALL PRESIDENT AMY GUTMANN; DEAN TOM divisions, and now, she is going to be WEISENBURGER, WG’87 ROBERTSON; KENNY BECK, WG’87 President. The best part about it is she, along with all our other talented VPs, board members and volunteers (too “Take the Call” has become a Wharton way of life around the many to name here, but you know who are you are), are prepared world. How did you do it? to take the Club to new heights. I didn’t — we did. I was in the right place at the right time, with the right skill sets. It was in my enlightened self-interest Reviving the Joseph Wharton Awards Dinner to get involved. I set the vision and the mission, created the Celebrating the Wharton community is paramount. The organization chart, and filled it with the most talented, amazing breadth and depth of our alumni community are unbelievable. people in the world — Wharton alumni. How could we go wrong? Historically, we have not done a good job of promoting ourselves. The vision was that alumni associations can be more than Recognizing Wharton alumni and their achievements is great for a group of young alumni who run events. Alumni associations the entire community and the school. can and should be a valuable resource, available only to those It did not hurt that we donated $100,000 to the Wharton who graduated. The mission is to help alumni and the school School, and sent the check this July. succeed. Everything flows out of the vision and the mission. We have a shared experience. Only 90,000 people in a world of Is there anything else you want to say? 7 billion people have ever attended our school. There is strength To everyone, I say, it has been a pleasure and a privilege to in those numbers, and we leveraged that strength to the benefit serve as President of the Wharton Club of New York. It has made of all alumni and the school. a huge difference in my life and, I hope, in your life, too. The fact is that the education we received while on campus The Wharton alumni network is your most powerful tool for was the best you can get. The experience was unbelievable, but business, social, career and intellectual growth. Use it … and Take it was only two or four years of our lives. We are alumni forever. It the Call! is in all our enlightened self-interest that the school and each of us succeed. If you do not take full advantage of the community for the rest GEOFF GARRETT, Dean and Reliance Professor of of your life, you are not getting the ROI on the time and money Management and Private Enterprise that you (and your parents) invested to attend. We basically The Wharton alumni network is one of the most redefined the purpose of alumni associations and proved that passionate and dedicated in the world, and the Wharton this new model can work to everyone’s advantage. Club of New York is a vital component of that network. The WCNY is a community of dedicated alumni who What did we do that was important to the evolution of the strengthen Wharton. The leadership and enthusiastic WCNY? involvement of the Club members inspire their fellow Fostering relationships alumni. It’s all about relationships. Everyone always says that SAM LUNDQUIST people are your greatest assets. We have great people. I would , Vice Dean, External Affairs argue, however, that the relationships among the people are The Wharton Club of New York encourages alumni to the most valuable — business, personal and with the school. connect, support and engage. Particularly inspiring is the We created an environment that encouraged and nurtured Joseph Wharton Awards Dinner, which brings together a those relationships, and by the way, I took full advantage. The diverse group of passionate alumni to celebrate the spirit friendships I made through my involvement are unbelievable. and generosity of its members.

14 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 A Chance to Give Back on a Personal Level

Peter Hildick-Smith, C’76, WG’81, P’13 Managing Editor, WCNY Magazine President, Codex-Group LLC

I became an active member of the Wharton Club of New York Executive Committee member, co-founder of the Wharton Media & in early 2005, when leaving a Fortune 100 marketing leadership Entertainment Network (nearly 500 members strong!), Managing career to pursue a personal goal of leading a new business Editor of WCNY Magazine — I’ve seen Kenny in many roles over his start-up in media and entertainment. WCNY provided a great years of club leadership. He is a relentless champion for the power introduction to the huge, vibrant and eclectic Wharton alumni of WCNY and the core value of “Take the Call”; leading an all- community in New York. Volunteering my time for the club also volunteer organization, serving one third of Wharton’s entire global gave me a chance to give back on a personal level to the school alumni population; recruiting new club volunteers; building great that has had a tremendous impact on my professional career. I leadership bench strength; investing in and upgrading WCNY’s started out by joining a Leads Council (since evolved into Business membership publication into today’s full color WCNY Magazine; Development Groups). Soon after I had the pleasure of meeting revitalizing the Joseph Wharton Dinner; supporting Wharton WCNY President Kenny Beck, who took the time to personally visit School’s admissions’ success with newly admitted student events; each council. He inspired us with his incredible spirit, enthusiasm building the club’s capital base from a deficit to over $1 million; and commitment that the Club would impact our business, championing the club’s donation of $100,000 back to the school; careers and friendships. His own Leads Council success story, his accomplishments go on and on. Most importantly Kenny has finding the buyer for his office furniture company, gave meaning to always been a ready friend, confidant and advisor to so many of us that commitment. over his entire WCNY career, while transforming the Wharton Club Through my multiple volunteer roles with WCNY over the years of New York into what has to be the premier alumni organization in — Business Development Groups Chair, Marketing Vice President, New York City today.

T  W  C  N Y’ Joseph Wharton   201 7

A       :

2017 JOSEPH WHARTON AWARD FOR LIFETIME ACHIEVEMENT 2017 JOSEPH WHARTON AWARD FOR LEADERSHIP

C

M James S. Riepe, W’65, WG’67 Victoria Mars, WG’84 Senior Advisor and Retired Vice Chairman, T. Rowe Price Group, Inc. Chairman, Mars, Inc.

Y

CM 2017 JOSEPH WHARTON AWARD FOR SOCIAL IMPACT 2017 JOSEPH WHARTON AWARD FOR YOUNG LEADERSHIP MY

CY Nassim Nicholas Taleb, WG’83 Jesse Pujji, W’06, C’06

CMY Author of the multi-volume Incerto (The Black Swan, Antifragile) Co-Founder and CEO, Ampush Professor of Risk Engineering, NYU Tandon School of Engineering K Nick Shah, W’06 Co-Founder and COO, Ampush

Thursday, October 19th, 2017 JW Marriott Essex House COCKTAILS 6PM; DINNER 7PM ~ BUSINESS ATTIRE 160 CENTRAL PARK S, NEW YORK, NY 10019

TO PURCHASE TICKETS, OR FOR MORE INFORMATION, PLEASE VISIT WWW.WHARTONNY.COM/JWD For sponsorship opportunities please contact [email protected] READ ARTICLES ONLINE AT READWNY.COM | 15 TAKE Where are you going?™ THE CALL!

The Wharton alumni community is one of the most exclusive and powerful networks in the world. A key element to our success is the willingness of alumni to help other alumni. Take the Call is a simple concept: Wharton alumni should buy from, hire and help Wharton alumni. And if a fellow Wharton alum calls us for any reason, we Helping leaders develop their voice for maximum impact. Take the Call.

The Take the Call Forum allows you to directly reach 30,000 Wharton alumni in the Carol E. Vinelli, Co. New York City metropolitan area. Promote Business and Transition Coaching yourself! Find opportunities offered by your fellow Wharton alumni! Help alumni get Carol E. Vinelli answers! Gain ideas and useful information! Founder Make your Take the Call requests on: www. 212.717.6806 [email protected] whartonny.com/forum.html.

Congratulations to Kenny Beck & Thanks for Going Above and Beyond for the Wharton Club!!

Bill Haddad, W’89 Partner COOLEY LLP [email protected] Phone: 212 479 6720

Congratulations to Kenny Beck, Nigel Edelshain, Regina Jaslow and Our Wharton Club of New York

Chuck Forgang, W’78, P’11 Employment Law LAW OFFICES OF CHARLES S. FORGANG

570 Lexington Avenue, New York, NY 10022 www.forganglaw.com • Phone: 212.938.0500

16 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 the next 10 years under Regina’s professional growth. So, for the past leadership as President and Kenny decade, I’ve worked closely with Kenny, Beck’s continuing deep involvement Regina, and the very talented Board as Chairman. It’s a great club run by a and VPs to chair sponsorships for wonderful team. the annual Joseph Wharton Awards Dinner and to lead University Relations, through which we directly support Wharton’s strategic initiatives. The roles have allowed me to work closely with hundreds of leading alumni and faculty members, and see up close the immense impact that clubs and volunteers can have in supporting the school and strengthening the network. Diana Davenport, WG’87 In my travels, I’ve had the opportunity Board Member, WCNY to meet alumni leaders in every corner of the world. It makes me extremely Vice President, proud to hear how the Wharton Club Administration, of New York has provided models for The Commonwealth Fund others clubs to emulate as they seek the most effective ways to Take the WG’01 Call for alumni locally, and to give back I joined the Club about 15 years ago, Udi Chattopadhyay, in their own school. after Kenny Beck, WG’87, sent out an VP, WCNY University Relations It wouldn’t be an exaggeration to email blast looking for someone to COO, Four Rivers say that the incredible experiences I’ve help manage our volunteers. At that had as a Club volunteer have shaped point, the Club had around $75,000 in my relationship with the school and the bank. Roe Bonelli, WG’99, had just Kenny encouraged me to step up alumni, and inspired me to become filed our tax returns for the first time my involvement as a volunteer with much more involved with Wharton as in many years, and the resurrected the Wharton Club of New York at I look to the future. Most importantly, Joseph Wharton Dinner was just a time when I was taking on more working with the Club has been a lot a twinkle in Kenny’s eye. But we all responsibilities professionally. He of fun. Regina’s energy and vision, knew we were on our way. Regina reminded me that the alumni network building on Kenny’s incredible work, Jaslow, W’97, was already a key figure was my strongest resource for make me excited about what’s next. running the Programming Division and putting on a number of remarkable events throughout the year. We started to organize ourselves a little more professionally. We committed to having in-person meetings with the management team every two months. As VP of Volunteer Services, I began offering Volunteer Orientation Nights to talk about the state of the Club and to introduce interested alums to the Club and its many opportunities. Over the years, we have added many wonderful volunteers to the Club’s infrastructure. The Club is all volunteer-run with just one administrator, Gabriela Sanchez, working remotely from her offices in Virginia. We have a deep bench of talented people working hard to keep this busy and influential club operating at full capacity. My handoff to Jordan Halperin, W’98, and Jerrod Hill, WG’15, this summer was seamless. I am excited to see where we go over

READ ARTICLES ONLINE AT READWNY.COM | 17 BLUEPRINT FOR SUCCESS

THE RE-EMERGENCE OF WCNY

Allen Levinson, W’77, WG’78 Board Member of the Wharton Club of New York

Note: In 2015, this magazine posted an who gave, to give again, and to increase How did the Joseph Wharton Dinner interview about risk with Allen Levinson, their gift. This, alone, may have saved start up again? W’77, WG’78, who had an illustrious career in the Club financially. During this period of On becoming President in 2003, Kenny that field. dire financial straits, the Club continued began to push hard for the Joseph its activities through the generosity of a Wharton Dinner. At board meetings, just Why did you join the Wharton Club of small cadre of committed Wharton alumni like in earlier years, I would lay out the New York? who were among the most respected and financial risks and say, “Unless you can I had been working at Banker’s Trust for renowned business people in NY. One come up with the revenues to support the 10 years when Charlie Sanford, WG’60, alumnus, a patron of the Club who greatly costs, then the future of the Club will be at future Chairman and CEO of Banker’s Trust, contributed his time, energy and prestige significant risk.” asked me to get involved with Wharton before and during this time, was Marty Kenny was a salesman and would to recruit MBA graduates. A Wharton Lipton, W’52, who is Founding Senior promise people the world, and his sense of overseer, Charlie also asked me to raise Partner at Wachtell, Lipton, Rosen & Katz. humor didn’t hurt. He worked tirelessly for money from Banker’s Trust employees over three years, and in 2006, the annual for the new building, which would house What changes did Kenny Beck make Joseph Wharton Dinner was reinstituted. the Penn Club in New York City. After I when he became President of the WCNY? The first key innovation of the new Joseph completed that project, Wharton Alumni In his early days, Kenny Beck, WG’87, Wharton Awards Dinner program was to Affairs asked me to join the Board of the clearly announced that he would run bestow alumni four honors. In 2006, the Wharton Club of New York — I believe that the Club like a business. He set up an honors and honorees were: was in 1993. Faith Rosenfeld, WG’78, and organization system. Volunteers in every • Lifetime Achievement — Hans Albeck, WG’74, were recruited around area reported up an established chain of command. Those who succeed in meeting Alvin V. Shoemaker, Esq., W’60, the same time to help the Club work HON’95 through some difficult challenges. previously agreed-on goals were promoted. When there was a failure, something had • Leadership — Harold W. McGraw III, The Club needed to re-establish WG’76 its identity. Some board members, to change. Volunteers felt responsible for achieving the mission of the Club and were • Social Impact — understandably, wanted to revive the Connie K. Duckworth, WG’79 Joseph Wharton Dinner, which in the 1980s motivated to succeed. had been the pre-eminent business dinner in New York City. However, other board members said that, unless we could figure out a way to have it make money, we could not afford to host the dinner.

How did the Club make its comeback? The re-emergence of WCNY is due to the strong leadership of a few talented alumni who took on the mission of reinvigorating the Club. Tom Courtney, WG’90, was elected President in 1995. Tom had a lot of energy. I remember three changes that he drove. First, the Club cut back on events that lost money. Second, our focus became building Club membership. We invested in direct mail campaigns to New York-based alumni to encourage them to join and/or contribute to the ALLEN LEVINSON, W’77, WG’78, IN Club. It worked! CONVERSATION WITH ROE BONELLI, WG’99 Third, Tom led an initiative to ask those

18 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 CONGRATULATIONS from Wharton External Affairs Kenny Beck WAYNE SILBY, W’70, WITH DINNER CHAIR AL and the SHOEMAKER, W’60, HON’95 Wharton Club of New York! • Young Leadership — Josh Kopelman, W’93

The tradition continues today as current Joseph Wharton Awards Dinner honorees Thank you for your many years of service, exceptional leadership, participate in choosing and mentoring the and the Club’s generous $100,000 donation to The Wharton following year’s honorees. Second, rather than placing strict limits Fund this year. We look forward to your continued partnership for on the budget for the dinner, Kenny said, “We’re going to grow revenue — and spend a record-breaking Wharton Global Forum in New York in June! whatever it takes to make it a great dinner.” This proved to be a self-fulfilling prophecy. Businesses were solicited to sponsor the dinner, and revenues grew. By becoming sponsors, companies showed their belief SAVE THE DATE in, and support of, Kenny’s new campaign, Wharton Global Forum in New York City “Take the Call.” Kenny’s commitment to his creative June 13-15, 2018 ideas, coupled with his energy and enthusiasm, helped make him successful and a key driver in reviving the WCNY and the Joseph Wharton Dinner. We have a lot to be proud of! For me, it has been a great honor to be part of the Club during this remarkable evolution.

MARTIN LIPTON, W’52, FOUNDING SENIOR PARTNER OF WACHTELL, LIPTON, ROSEN & KATZ CHUCK FORGANG, W’78, P’11; ALLEN LEVINSON, W’77, WG’78 AND LESLIE LEVINSON

READ ARTICLES ONLINE AT READWNY.COM | 19 BLUEPRINT FOR SUCCESS

Good organizations have a succession plan in place

Dana Michael, W’82 Board Member and Chair, WCNY DANA MICHAEL, W’82 Nominating Committee

Dana Michael, W’82, showed his changed the Club’s financial condition. school spirit long before he joined the Ruth Colp-Haber, WG’85, created WCNY Board in 1999. First, he joined a large, annual real estate event the University of Pennsylvania Band. that would generate over $1,000 Then, post-graduation, he joined the for the Club. WCNY did not need to SEAN O’LEARY, W’86; LORRIE KING, Hartford, Connecticut, alumni club put money or effort into the event, WG’91; DANA MICHAEL, W’82 AND — first as a Board Member in 1989, because she drove it by herself. CAROLE CHINN, WG’93, AT CHELSEA PIERS GOLF DRIVING RANGE FOR AN next as Treasurer and then as Club Another Director, Jim Anchin, EVENT IN 1995 President — helping it to grow to over W’65, WG’66, had major business 100 dues-paying members. connections. He helped other alumni Upon moving to New York City, to become involved in the Club. Dana was nominated by Marti Harrington, WG’76, a person he knew What are your thoughts on the I talked to Marti through the Wharton Club of Hartford, WCNY, going forward? Harrington, who to join the Board of the worldwide One observation is that the WCNY recalled the Wharton Alumni Association, which needs term limits. People should not Dana eventually chaired. Marti be on the board for as long as I have. enthusiasm of those days: became the Director of Wharton When I served on the global Alumni Affairs and recruited Dana and Wharton Alumni Association, I recall “1995 wasn’t so long ago. other Wharton Alumni Association another club with only a few people WCNY had always been a members, like Rick Wien, W’79, to help on its board for many years. When the good club, but had hit some the Wharton Club of New York regroup board members retired, it was difficult and to bring more money into the to keep the club going, because doldrums. Just as the world Club’s account. nobody was prepared. If something was changing, there was happens to a good president, like How did your team raise funds? Kenny Beck, then it becomes a a renaissance in the Club As I was coming into the Club as problem. Good organizations have a leadership. a Director, Tom Courtney, WG’90, succession plan in place. was elected Club President. In 1996, I am Chair of the Nominating The Club became more the Club could not pay its bills. One Committee. It consists of the Club participative. Leaders knew reason was that it had outsourced its President, Chairman and four Board operations. Tom was an entrepreneur. Members. (Editor’s note: More that they had to pitch in, He invited volunteers to do those information on the nominating and they did. They also functions that had been done by two process can be found at https:// asked their friends, who full-time, paid employees. Volunteers www.whartonny.com/article. established a small version of the html?aid=2817) asked their friends, and it Joseph Wharton Awards Dinner, We recently expanded the board multiplied! which brought in funds to keep the by two members: Rob Rizzo, W’93, Club going, while keeping the expense and Diana Davenport, WG’87. And The New York Club is ratios down. last year, Kofi Kankam, WG’04, joined. critical. Representing I remember a story about Hans Every year, a third of the board comes Albeck, WG’74, who was Chair of the up for election. Alumni Affairs, I was happy Club for a few years, during the late As the head of the Nominating to attend every board 1990s. Hans talked to all the board Committee, we have had our eyes on members and asked them to prepay Regina Jaslow, W’97, and we believe meeting for two years to five years of membership. With over she’ll do an excellent job. bring attention to the Club.” 20 directors each giving $500, it

20 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 Jennifer S. Gregoriou, W’78 VP, Programming Principal, Jennifer Gregoriou Solutions

I joined the Club in 2003 so I could reconnect with fellow alumni, have a reason to travel into the city and escape three teenage daughters! I started out as a volunteer on the Social Committee and soon joined a seven-person steering committee to resurrect the Joseph Wharton Awards Dinner in 2006. I currently serve as VP of Programming. I love what I do at WCNY, but most importantly, I love the team. The consistent vision and leadership of Kenny Beck, WG’87, enabled the Club to reach the heights it has today. There’s no one better prepared to take over at the helm than Regina Jaslow, W’97. It is an honor and privilege to work beside all members of the Wharton Club of New York.

William Haddad, W’89 Board Member, WCNY Partner, Cooley LLP

Bill Haddad serves on the Board of WCNY and is Chair of the Wharton Alumni Angel Network. The transformation since Kenny came in has been remarkable. To his credit, he brought immense energy and dedication. He understood what he needed to do. For example, his Take the Call campaign. It’s an ongoing process to try to get Wharton alums to hire, mentor and help Wharton alums. However, Kenny brought a focus on it that wasn’t there before. Second, WCNY has an excellent platform to build on. One example is our Club’s recent annual meeting. How many different people were there, compared with years ago? Now, we must build on that, for the good of all.

TEA & JAM → baked goods ← MISFITS

misfit: not quite cupcake, not quite muffin SIMPLE. WHOLE. REAL. HEALTHY.

paleo | vegan | gluten-free

Congratulations to the WCNY and its leadership for all of your accomplishments!

Congratulations to Kenny Beck and

Nigel Edelshain! Your innumerable contributions to the Club have

been an inspiration! baked fresh | hand delivered Allen Levinson, W’77, WG’78 now serving Wall St & Williamsburg www.teanjam.com | [email protected] | (347) 946-2560 [email protected]

READ ARTICLES ONLINE AT READWNY.COM | 21 THE WHARTON CLUB OF NEW YORK APPRECIATES THE ENTHUSIASTIC SUPPORT OF THE FOLLOWING PREMIUM MEMBERS:

BENEFACTOR MEMBERS: GOLD MEMBERS:

Ramkrishan Hinduja, W’91 Nancy Goldfarb, W’78 Hinduja Group of Companies Smart Transition Strategies, LLC Regional Chairman, Americas President (212) 355-0755 (973) 610-0808 www.hindujagroup.com www.smarttransitionstrategies.com

Daniel Lowy, WG’13 Young Lee, WG’09 EMU Health Atinum Energy Investments CEO and Principal CEO (646) 681-2225 (713) 328-0206 www.emuhealth.com www.atinumenergy.com

Allen Levinson, W’77, WG’78 Christopher Stavrou, WG’67 Retired Stavrou Partners General Partner Ricardo Martinez, W’92 (212) 297-6110 Hub International 5 Bryant Park, Floor 24 New York, NY 10018

Stephen Russo, W’91 Sony Music Entertainment ... AND TO OUR WCNY SVP Finance & Operations/CFO Columbia Records FACILITY SPONSORS (212) 833-4439 The WCNY organizes a large number of events throughout the year. www.sonymusic.com This is made possible through the generosity of our alumni who host WCNY events at their offices. We are honored to include among our recent facility sponsors:

• AXA Advisors • Lyrical Partners, LP • Cooley, LLP • Mphasis Congratulations and gratitude to Kenny Beck for • Debevoise & Plimpton, LLP • Marcum LLP your leadership and service to the Wharton Club of • DonorsChoose • Microsoft NY. Kenny’s advocacy for Wharton alumni has had a • General Assembly • Paul Hastings positive impact on so many and has set the highest • Mindy Diane Feldman/ • Pfizer standard for alumni organizations. Thank you to Halstead Property, LLC Rosemarie Bonelli for her continued amazing • Raich Ende Malter & Co. LLP stewardship of the Club as well as to the dedicated • Hinduja Group of Companies • Skadden, Arps, Slate, members of the management team. • KPMG Meagher & Flom, LLP Robert Rizzo, W’93 • Lee Hecht Harrison

22 | WHARTON CLUB OF NEW YORK | WHARTONNY.COM | FALL 2017 Congratulations to the Wharton Club of New York! Congratulations to the Wharton Club of New York!

Kirk Edelman, WG’85 Rob Dinerman, W’78 President & CEO Managing Director SIEMENS FINANCIAL SERVICES LEADERSHIP USA 170 Wood Ave South • Iselin, NJ 08830 61 Sherwood Drive • New Providence, NJ 07974 [email protected] Phone: 908 403-7430

Congrats to Ken Beck & The Wharton Club of New York! Congrats to the continued success of the Club!

Larry Bartimer CPA, WG’84 (Class Correspondent) EquityZen

THE PORTFOLIO STRATEGY GROUP LLC, Invest in proven tech companies before IPO PARTNER Join today for free at: Registered Investment Advisor Phone: 914-328-6660 equityzen.com/whartonmag

YES, I want to be a Contributing Member of the Wharton Club of 1HZ

Name Credit Card Number

Address Expiration Date

† Supporting Membership - $95/year Town/State/Zip † Silver Membership - $500/year † Gold Membership - $1,000/year Phone † Benefactor Membership - $4,000/year – includes membership in the Penn Club Email

To complete your application online, please visit www.whartonny.com/memsub.html Or please complete and mail to: Wharton Business School Club of New York, 1324 Lexington Avenue, Suite 409, New York, NY 10128 Questions? Please contact Gabriela Sanchez at: [email protected] Wharton Business School Club of New York 1324 Lexington Avenue, Suite 409 New York, NY 10128 Phone: 212-463-5559 WHARTON ALUMNI CLUB OF NEW YORK Club website: www.WhartonNY.com

ARE YOU LOOKING FOR A REWARDING EXPERIENCE THAT: • strengthens your personal and professional skills? • builds alumni connections and relationships? • bolsters your career? • shapes resources for the alumni community? LEADERSHIP AND SUPPORTING VOLUNTEER ROLES AVAILABLE. Email: [email protected]