FOCUS ON THE FUTURE

STRENGTHEN OUR ACADEMIC COMMUNITY

SPEAK ON A GLOBAL STAGE

BE EXCELLENT AT EVERY TOUCHPOINT

McCombs School of Business “One of the words we used to describe our goals with this building was ‘showcase.’ We have been able Contents to do so in so many different ways, showcasing the school and the city of Austin.” 2 From the Dean

4 Ye a r In Review TINA MABLEY, assistant dean and director of the full-time MBA program, about the opening of Robert B. Rowling Hall. Strategic Plan: Successes and New Initiatives See “Rowling Ahead,” page 16. 6 8 Focus on the Future

12 Strengthen Our Academic Community

16 Be Excellent at Every Touchpoint

20 Speak on a Global Stage

24 Rankings

26 Appointments and Promotions

28 Awards and Achievements

30 Key Events

32 Program Profiles

44 Advisory Leadership

2 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 1 From the Dean

TO MOVE INTO THE FUTURE BOLDLY, institutions must assess But we still have much work to do. Our next large-scale their strengths, identify what sets them apart, define physical project is the modernization of our undergradu- their guiding principles, and chart a clear path forward ate educational spaces at 21st and Speedway. In moving with solid milestones. Several years ago, when I began forward with that endeavor, we seek to stride confidently my tenure as dean, we started this process at McCombs. into a future where our physical presence and capacity Our process yielded many valuable insights, and now are world-class, equal to our position among our top we are making significant inroads towards achieving the business school peers. strategic goals that came out of that planning. Many of Our new marketing efforts are moving swiftly into our alumni, friends, and corporate partners have been the execution phase, with streamlined new digital pro- deeply involved and we are grateful. gramming and an integrated approach to marketing We all have much to be proud of, and in this dean’s across programs underway all based on our recent report for 2019, we celebrate some of the highlights of rebranding initiative. our past year’s success. And we continue to re-assess our executive leadership We have completed a brilliant new graduate school needs, with a search now underway for a senior associ- building, Rowling Hall, and its first year of operations ate dean and chief operating officer, a new role that will has proven it to be an exceptionally well-equipped enable us to consolidate finance, facilities, IT, and HR center for state-of-the-art learning and community functions under one office. building as well as an amazing space for business and All these goals and achievements would not be possi- academic events. ble without our accomplished, energetic, visionary sup- We have strengthened our analytics, entrepreneur- porters. We look to them for guidance and help, and they ship, and leadership offerings, building upon our natural never fail to inspire us with a willingness to roll up their strengths in order to elevate our profile among top sleeves and offer wisdom, generosity, and hard work. business schools. The future of McCombs is ours to create. As we move We are building toward our goal of speaking on a global forward together, we are proud to share in this dean's stage by strengthening our relationships with alumni report some of the stories of our past year's success. leaders in Europe and Asia, as well as key cities in the United States, especially New York and the Bay Area. And we have continued to receive financial and pro- grammatic support from alumni, friends, and corporate partners, enabling us to strengthen our scholarship JAY HARTZELL programs, upgrade our facilities, and pursue and retain DEAN AND CENTENNIAL CHAIR superstar teachers and researchers. IN BUSINESS EDUCATION LEADERSHIP

2 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 3 Year in Review TOP STORIES AT Mc COMBS 2018-19

Transformational Gift Boosts Undergraduate Education Weekend MBAs Get New Dallas Home The McCombs School’s elite undergraduate program was bestowed In 2019, the McCombs Dallas Weekend MBA Program relocated this year with a transformational gift and a new name, the Canfield to a sleek new 17,000-square-foot space in The Centrum building Business Honors Program. A $20 million contribution from Phil near downtown Dallas. The location offers interactive classrooms, Canfield, BBA ’89, and his wife, Mary Beth, includes funds for full- offices, meeting and study rooms, and collaboration spaces. The Uptown space is ideal for meetings and events, making it easier to tuition scholarships, increased nationwide recruitment, and foster strong relationships with Dallas alumni, business leaders, and enhanced national reputation-building for the highly competitive prospective students. Neighbors at The Centrum also offer inter- program. “The BHP gave me all the fundamentals that I needed to action with Capital Factory, SalesForce, and the University of Texas have a successful career in business, and for that, I am truly and System. In tandem with this move, McCombs is seeking merit-based eternally grateful,” said Phil. “In many ways, you can think about this fellowship support for its Working Professionals programs. gift as just a dividend back to The University of Texas at Austin for the investment made in me 30 years ago.”

UT Takes Enormous Strides in College Affordability Worldwide Media Attention for John Griffin’s Bitcoin Research UT Raises Flag at SXSW Tuition assistance for in-state students from middle- and low-in- Professor of Finance John Griffin’s research about bitcoin The McCombs School and UT took advantage of our hometown come families was significantly increased by the University of Texas manipulation captured worldwide media attention over the past advantage at the massive tech, film, and music conference SXSW System Board of Regents. The change represents one of the largest year. Griffin and his co-author, Amin Shams, wanted to know wheth- in March 2019. The PitchTexas competition awarded a total of financial aid commitments in the nation to improve affordability er bitcoin’s epic bull run in 2017 happened organically. Their analysis $50,000 in prize money, followed by a celebratory parade led by among top public research universities. Under the leadership of showed that around half of bitcoin’s value between March 2017 and the Longhorn band down 6th Street to a UT party. Several Texas Chairman Kevin Eltife, BBA ’81, and Chancellor James B. Milliken, the March 2018 was created by trades between bitcoin and tether, a McCombs faculty and alumni spoke during presentations and regents voted unanimously in July to establish a $160 million endow- so-called stablecoin with links to the British Virgin Islands-based panels at SXSW Interactive, and thousands of volunteers acted as ment from the state’s Permanent University Fund that will generate Bitfinex bitcoin and cryptocurrency exchange. As bitcoin’s price Longhorn ambassadors in branded T-shirts sponsored by money for financial assistance starting in fall 2020. The new endow- continued to fluctuate throughout 2018-19, Griffin’s and Sham’s the university. ment will greatly expand UT Austin’s Texas Advance Commitment research was cited nearly 2,000 times in media outlets across the program for Texas undergraduates, providing complete tuition globe, earning nearly $3 million in media coverage value for coverage to more than 8,600 students a year from families earning McCombs. The paper was the fourth most downloaded academic up to $65,000, and assured tuition support to an additional 5,700 paper on SSRN, the social sciences research network, during the students from families earning up to $125,000. 12-month period after its release.

4 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 5 DEAN’S STRATEGIC PLAN

Over the past year, Texas McCombs made 3. BE EXCELLENT AT EVERY TOUCHPOINT key advances toward the execution of our strategic Every step in the McCombs journey offers an plan as we continued to work toward the goals optimal experience for constituents, such as welcoming guests to our gleaming new gradu- embodied in our four strategic pillars. ate school building, Rowling Hall.

4. SPEAK ON A GLOBAL STAGE Engagement across influential channels and geographic centers includes increased faculty 1. FOCUS ON THE FUTURE research publicity efforts and initiatives to raise Our research and teaching produce knowledge and the profile of the school and its students on leadership skills for a positive impact, like the new joint both the East and West coasts. Master’s in Health Care Transformation with Dell Medical School.

Texas McCombs sets 4. CREATE A VIBRANT big goals — and achieves Capital Campaign FUTURE FOR TEXAS 2. STRENGTHEN OUR them. Our aim: To be AND BEYOND ACADEMIC COMMUNITY widely recognized as Serve as a base for the one of the top sources of 2. RECRUIT AND umbrella organization Texas McCombs invests in attracting and thought and talent that RETAIN THE WORLD’S Energy@UT, increase retaining top-tier students, staff, and faculty, lead and shape business 1. ATTRACT BEST FACULTY student access to entrepre- such as star Finance Professor and Department and society. To do that, TOP STUDENTS Establish one or more 3. TRANSFORM neurial degree and course Chair Sheridan Titman. significant support is Increase scholarship University Distinguished HEALTH CARE offerings, establish an needed. Alumni and packages, expand academ- Chairs in each academic Fund the Value Institute for endowment for teaching friends are invited to ic offerings, modernize department along with Health and Care and create ethical leadership, invest in a robust vision facilities, and establish a Distinguished Faculty endowed faculty chairs and harness our data focused on four initiatives. New York satellite office. Endowments. and professorships. analytics expertise.

6 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 7 1. FOCUS ON THE FUTURE Cross-Campus Collaboration New joint McCombs/Dell Med Master’s in Health Care Transformation draws seasoned professionals and medical students

BY MARY ANN ROSER

DR. AMY PAPST IS a change agent. As chief ger than expected, quite possibly from medical officer at Ascension Seton Med- “pent-up demand,” says Alice Andrews, ical Center in Austin, she is leading the director of education at the Value Institute hospital’s transformation from a tradi- and a program instructor. tional fee-for-service system to one that The inaugural class of 45 students provides better care and greater value includes 10 Dell Med students as well as to patients. experienced physicians and health care Overhauling a system so complex and executives. They started in August and multifaceted is a tall order, and that’s will finish a year later. They will receive DELL PARTNERSHIP why, at age 49, Papst is back in school in UT’s first jointly offered degree. In January 2019, Dell Technologies the new McCombs Master of Science in “Our goal is to help people look at health Inc. launched a partnership with Health Care Transformation program. care in a different light,” says Andrews. the McCombs School's Center for Analytics and Transformative “You don’t know what you don’t know,” Technologies. The center brought says Papst, who is also a clinical in Executive-in-Residence Ben anesthesiology faculty member at UT’s Fauber, a senior data scientist at Dell Medical School. Dell; initiated several research proj- ects; conducted three MS in Busi- The master’s program is run by the ness Analytics capstone projects Value Institute for Health and Care, over the 2018-2019 academic year a joint venture of McCombs and Dell Med (on eServices Customer Experi- that conducts research and provides ence Insights, Services Procure- ment Forecasting, and Predictive education and resources to improve Component Failure); and submitted health care for residents of Central Texas several MSBA and MS in Informa- and beyond. tion Technology and Management It offers a unique curriculum for full-time projects. Dell is involved in various campus activities, including the working professionals and medical stu- Texas Analytics Summit in October, dents that includes classes in leadership, where President of Dell Technolo- analytics, design, business, measuring gies Services Doug Schmitt served health outcomes, and devising strategies as keynote speaker. Scott Wallace and Elizabeth Teisberg are co-founders of the for innovation. Student interest was stron- new health care master’s program that debuted in 2019.

8 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 9 “It’s about where care is headed. We were look at things in a different way,” excited to see so much interest from medi- she says. cal school students.” In the same vein, Dell Med student Sam Baldazo, 25, says he’s looking ONE OF THE program’s architects, forward to learning from seasoned co-founders, and executive director of professionals like Papst. the Value Institute, Elizabeth Teisberg, Baldazo, who is from Cedar Park, says value-based care means reorienting Texas, and double-majored in pre-med health care to focus on patients so and Spanish at the University of Notre “they can live their best life.” Dame, says he chose the master’s pro- “It’s about how you overcome inertia, gram for the same reason he was drawn to create higher expectations, understand Dell Med: exposure to a pioneering edu- the patient’s perspective, and create cational program. As part of the Dell Med programs that achieve the outcomes curriculum, third-year students can work that are important to patients,” says on a master’s degree or do research, while Teisberg, co-author of the 2006 book also seeing patients in clinical settings. Redefining Health Care: Creating Baldazo, who aspires to become a Value-Based Competition on Results. pediatrician, hopes the program will give FORWARD-LOOKING “You create value in health care person him the skills to “not only identify prob- CURRICULUM ADDITIONS

by person.” lems but also identify the solutions.” Business education is reaching Teisberg, a professor with joint faculty a wider range of students across appointments at both McCombs and Dell MOST OF THE program’s working profes- campus through a host of new business programs and degrees. Med, and the Cullen Trust for Higher Edu- sionals have much more than the mini- Aspiring graduate students can ap- cation Distinguished Chair in Value-Based mum required three years of health care ply for the new MS in Information Care, has a doctorate in systems engi- experience, with many in their 40s and Technology and Management and neering and is an expert in transforma- 50s, Andrews says. They hail from across MS in Health Care Transformation programs, as well as an additional tional innovation. Although her definition Texas and 11 other states. In fall 2020, The inaugural Master's in Health Care Transformation class drew 45 students, including 10 Dell Med students, as well as physicians and health care executives. cohort of the MS in Business An- of value does not focus on reducing the enrollment will open to students from alytics. Dell Medical students can FREE ENTERPRISE cost of care, delivering effective care does other countries. apply for the MD/MBA program, Bardhan, the Foster Parker Centennial most time trying to address a patient’s Launched in January 2018, the indeed cost less, she says. Students take eight multidisciplinary and for undergraduates, new Center for Enterprise and Policy Professor of Information Technology social needs and understanding the offerings include the Texas honors courses team-taught by faculty in med- Analytics supports research, at McCombs. barriers to good health. computer science and business education, and dialogue around WHAT MAKES the program unique is icine, business, law, communication, dual degree; minors in entrepre- The vision for the course, Bardhan With the help of a full scholarship to the impact of economic policies its “how-to” approach, says program social work, and public affairs. They also neurship, business (formerly says, is to show how IT can support the $65,000 program, Donna Shanor, on markets and the free enter- co-founder and co-director Scott work on year-long projects in teams to Business Foundations), Business prise system. CEPA has hosted value-based care by “providing better director of clinical social work at UT Economics Option Program in Wallace. “We built a program that improve some facet of health care. more than 15 events featuring top information to providers of health care Health Austin, the clinical arm of Dell Accounting or Finance, and pro- academics and policy makers such articulates the theory and ties it into The teamwork underscores that posed minors in professional sales to reduce their costs and do things more Med, enrolled in the program and as Scott Sumner, Amit Seru, Mark practice,” says Wallace, a Value Institute change isn’t the responsibility of any and business development and efficiently, from diagnosis to treatment.” hopes it will help her become a more Flannery, John Cochrane, Mike associate professor with a background one group, program co-director Wallace international business. Business Munger, Bryan Caplan, Avik Roy, Technology also can help providers effective leader. “We need to understand analytics and wealth management in health care information technology. says. “In order to achieve transformation Ryan Streeter, and Enrico Moretti. manage costly diseases more effectively. what patients need by asking them. minors are two new proposed The center has also supported Although Papst has experience in the on the scale and the magnitude we are offerings for business majors, both “How can they use artificial intelligence Are we helping patients get better? the creation of policy classes on value-based care movement, she is eager thinking about, we need all of the players targeted for fall 2020. Certificate and machine learning to deliver greater Are we making a difference by being in campus including Trade-offs, to add new tools to her arsenal, update in health care involved,” he says. “They programs in business and public Incentives, and Evidence, and has value?” Bardhan says. “What should phy- their lives?” policy, energy management, global her knowledge, and learn from others. need to understand the whole system funded campuswide research sicians know about these technologies?” The trouble is, most patients have management, health care industry projects with policy implications, She is especially excited about having and they have to have friends across reform and innovation, real estate, never been asked those questions, including for government, statis- Dell Med students and other millennials as the system.” and risk management will all con- OF ALL THE PROVIDERS in the health care Teisberg says. tics, economics, and law. classmates. Compared with her genera- Wallace is co-teaching system design vert to minors in fall 2020. system, social workers likely spend the Until now. tion, they have different priorities “and just and population health with Indranil

10 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 11 STRENGTHEN OUR 2. ACADEMIC COMMUNITY Academic Powerhouse Finance Professor Sheridan Titman, an influential authority in multiple fields from investments to real estate, is a magnet for star faculty recruitment at McCombs

BY MATT TURNER

EXPERTS ARE DEFINED by their mastery of a world-class researcher is contagious. particular area. Generally speaking, the It not only spreads cutting-edge knowl- narrower their focus in a field, the more edge among our students, it attracts acknowledged their mastery of it. other star faculty to our school.” Finance Professor Sheridan Titman turns this idea on its head. He is an AN ECONOMIST BY training, Titman earned authority in multiple fields — corporate his Ph.D. in 1981 at Carnegie Mellon finance, investments, real estate, urban University. But his inclination has always economics, and energy finance — making been toward finance. “I was always drawn groundbreaking contributions that are to more practical applications about how FACULTY FELLOWSHIPS fundamental to both practitioners and information affects decision-making,” academics in all these industry special- he says. Information and incentives are McCombs is renewing its fellow- ship initiative to retain young ties. He teaches across four graduate key to corporate finance, and Titman’s rising-star faculty within our programs at McCombs, and his men- early career at UCLA focused on own ranks, ensuring that their toring of doctoral students is remark- questions central to this subject, innovative research stays right able, with his students taking positions such as how firms are financed, how here. Retaining cutting-edge talent keeps McCombs at the forefront at the likes of Harvard, Northwestern, they select projects, and how their of business education. Advisory and Columbia. His prominence not only capital structure affects decisions. Council member Jeff Rosenbaum, strengthens finance at McCombs, which He was one of the first to show the need BBA ’00, who was deeply inspired at the graduate level has risen to No. 11 for managers to include non-financial by teachers in the Business Honors Program, and his wife, Jennifer, BA (from No. 18) in U.S. News & World Re- stakeholders (such as customers and ’99, have led the charge, creating port rankings since his appointment, but employees) as well as shareholders in the first faculty fellowship in the it raises the entire school’s prestige. their decision-making, an idea grabbing new capital campaign, “What Says McCombs Dean Jay Hartzell: headlines recently with CEOs at the Starts Here.” “Sheridan Titman’s prominence as a latest Business Roundtable.

12 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 13 Sheridan Titman, the incoming chair of the McCombs strategies in the Permian Basin over the finance department, is a world-class researcher and authority in multiple fields: He has published 100 next 20 years? Titman has marshalled academic articles over his career. such questions into the creation of the DISTINGUISHED Energy Finance program at McCombs. UNIVERSITY CHAIRS of risk and return, suggesting cognitive As if all this didn’t command sufficient Distinguished University Chairs biases and irrational behavior were more authority, Titman has been on the edito- are the university’s newest and at play than realized. This finding has highest-level initiative to entice rial boards of most of the top journals in reverberated far beyond finance circles, superstar senior professors from finance and real estate, and has served as across the country to come to influencing such fields as psychology, president of the Western Finance Associ- Texas. As titans in their fields, these law, operations, marketing, business eth- ation, the American Finance Association, chair holders will raise the prestige ics, and management science. of our school’s faculty through their and the American Real Estate and Urban Real estate is another area of interest teaching and publication prowess Economics Association. He is also a re- and attract other experts to the for Titman. His inquiries stretch from real search associate of the National Bureau school. In fall 2019, Ray Nixon, BA estate purchasing to commercial mortgage of Economic Research. He lent his finance ’74, MBA ’77, McCombs Campaign valuation to real estate investment trusts. If committee chair and former chair expertise to the U.S. Treasury for a year, you’ve ever wondered why a plot of land sits of the McCombs Advisory Council, where he learned “the fight isn’t between and his wife, Denise, BA ’76, have vacant in the middle of the urban core and Democrats and Republicans, it’s between created the first Distinguished how to price it for its future potential, he NEXT GENERATION lawyers (pro-regulation) and economists University Chair at McCombs. is the one to ask. Or, if you have ever been The Nixons see the initiative as OF FACULTY (anti-regulation).” He helped found the puzzled that certain cities of similar size a way to move McCombs from Texas McCombs faces a challenge Hong Kong University of Science and “excellent” to “elite.” that is common in academia: Pro- Titman’s research is prolific. He has and prosperity differ greatly in their down- fessors from the baby-boom gen- published 100 academic articles over his town office rental prices, Titman’s your guy. eration are reaching retirement. career, 60 percent of which appeared in (Hint: Financial centers play a major role.) Along with attrition and losses to “SHERIDAN TITMAN’S the nation’s top four finance journals. His Real estate issues naturally impinge competitive offers, the exodus of PROMINENCE AS A WORLD-CLASS this demographic underscores the Google Scholar citations now number upon urban economics, which increasing- SOCIAL stark reality that roughly half of more than 78,000. And while most aca- ly has caught Titman’s eye. To what ex- RESEARCHER IS CONTAGIOUS.” INNOVATION McCombs’ faculty will depart in the demics choose between original research tent do firms cluster in similar locations? next 10 years. Top business schools —DEAN JAY HARTZELL Students are engaging with the and the synthesis (and patience) of What is the value of proximity, that is, how are fiercely competing in a talent kinds of social and environmental pool that continues to shrink from textbook writing, Titman manages both important is it for one firm to be close challenges they may face in their TOWER FELLOWS more lucrative offers in the private with finesse. He has co-authored three to other types of firms? Urban vibrancy Technology (HKUST) business school. careers with the new Social Innova- PROGRAM sector. From the perspective of the textbooks, covering corporate strategy, has surprising implications for corporate Within a decade of its creation, HKUST tion Initiative at McCombs. Student school’s newly formed faculty task UT continues to open up new path- innovators are being trained and valuation, and financial management. growth. Titman’s research has shown, for hit the top 50 in the Financial Times force, this turnover offers a rare ways to education. Through the UT supported to create value for their opportunity to think strategically What’s astounding is not just the num- instance, that a firm’s investment is high- global MBA rankings, and currently sits Tower Fellows Program, created future organizations while creating about what a business school bers, but the quality and breadth of his re- ly sensitive to the investments of other at No. 18. It’s also the highest-ranked and administered by Texas Exec- a positive social impact, through a faculty should look like in the next search. His most cited paper focuses on firms located nearby, even when those business research school in Asia. utive Education, accomplished variety of courses, research, and decade. Analytics, for instance, is professionals have the opportunity experiential programs, including investments: “Returns to Buying Winners firms are in utterly different industries. Titman gives expertise a new meaning, bringing ground-breaking changes to spend a school year on campus last spring’s Investing in Philan- to the business world. Account- and Selling Losers: Implications for Stock Proximity has affected Titman’s re- one where breadth and depth are as full-time students exploring any thropy class, which offers graduate ing, finance, management, and Market Efficiency,” co-authored with search in more ways than one. Since his compatible. That he was recently named combination of subjects they want. students the opportunity to prac- marketing are all being reshaped by Narasimhan Jegadeesh, created a rev- arrival at McCombs in 1997, when he was chair of McCombs’ Finance Department Now in its second year, the immer- tice actual philanthropy. Students this brave new world of unstruc- sive, high-touch program is one of in the course spent the inaugural olution in finance after its publication in offered the McAllister Centennial Chair seems as natural as it is auspicious. As tured data, with the risks, ethical a handful across the country. The semester researching and vetting issues, and rich opportunities it 1993. In fact, current textbooks cite this in Financial Services, the Lone Star State McCombs continues to work towards the first class of students ranged in age nonprofits to receive grant money. affords. McCombs aims to rebuild paper in the definition of financial mo- has piqued his interest in the energy goal of strengthening its academic com- and background, from a foundation Those funds came from Jeff Swope, its faculty with this world in mind, mentum, which is the tendency for stock industry. Oil prices, derivatives, the munity, esteemed faculty members like co-director and mother of three in BBA ’72, MBA ’73, and the nonprofit while leveraging its strengths in her 40s to prominent lawyer Sam Philanthropy Lab, which partners with strong past performance to contin- valuing and financing of energy, and risk Titman help the school build its entrepreneurship and energy and Perry, an 84-year-old retiree whose with donors and schools to teach its unique position in health care ue to outperform stocks with poor past management all percolate to the surface national reputation, enhancing our ability late wife, Shirley Bird Perry, was a giving through the allocation of real with UT’s Dell Medical School. performance. Titman and Jegadeesh’s to address timely issues. For instance, to recruit from among the highest beloved UT executive for decades. money to deserving organizations. research questioned widely used models how might global warming impact drilling echelons of academia.

14 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 15 BE EXCELLENT 3. AT EVERY TOUCHPOINT Rowling Ahead Gleaming new graduate school building serves as a gateway to the future

BY JEREMY M. SIMON

SINCE ROWLING HALL opened its doors in construction, including a $25 million February 2018, Texas McCombs’ new gift from Dallas businessman Robert B. state-of-the-art graduate business Rowling and his wife, Terry Hennersdorf education center has welcomed a wide Rowling, both BBA ’76, and their family. variety of guests. CEOs and global health “One of the words we used to describe care executives, blockchain experts and our goals with this building was ‘show- ALUMNI REUNION craft brewers, conservative scholars case,’” says Tina Mabley, assistant dean For the first time, McCombs and sustainability leaders, experienced and director of the full-time Texas MBA alumni from undergraduates to professionals returning to class and high Program. “We have been able to do so in Ph.Ds gathered for a combined school-age entrepreneurs receiving MBA so many different ways, both showcasing reunion, homecoming, and coaching — all have been among the the school and the city of Austin.” business conference over one weekend. This largest-ever first guests to set foot inside McCombs’ gathering of McCombs grads gleaming new building at the southwest- during the weekend of Sept. 20 ern gateway to campus. allowed attendees to catch up with Rowling Hall has opened up new classmates and hear from faculty speakers. Topics included opportunities for McCombs, with sports analytics (from lecturer 200,000 square feet of academic space, Kirk Goldsberry), ethics including adaptable classrooms, study (Professor Robert Prentice), and breakout rooms, MBA and MSTC and data analytics (Professor Maytal Saar-Tsechansky). program administration offices, career Additionally, fellow alumni services, and research centers. It is panelists discussed sustainable home to the Jon Brumley Texas Venture business practices and entrepre- Labs, the real estate-focused John C. neurship and innovation, while Scott Wallace, co-founder of the Goff Labs, the Aim Investment Fund, and new M.S. in Health Care Transfor- the Center for Leadership and Ethics. mation program, talked health The school raised more than $58 million Beyond its home to graduate programs, Rowling Hall has care delivery. hosted a wide variety of guests since it opened, everyone in gifts and pledges to fund the building’s from blockchain experts to CEOs to craft brewers.

16 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 17 FACULTY CONNECTIONS draw large crowds from the business McCombs professors are bringing community, academia, and the their lessons to our alumni. In fall McCombs student population. 2019, top members of the business faculty visited alumni at chapter Mabley enjoys taking visitors to the events in Seattle, Los Angeles (with building’s fifth floor, which offers sweep- UT’s Moody College of Communi- ing views of both downtown and the cation), London, Denver, and campus and access to both indoor and Atlanta. Presentation topics includ- ed the future of jobs in the face of outdoor space. “From that vantage artificial intelligence, robotics, point you can look to the south and you and automation; the interper- see only the city and you look to the sonal skills of successful leaders; north and you see only the campus,” financial strategies; climate risk and other environmental, social, she says. “We're really situated in that and governance considerations in overlap in the Venn diagram between investment decisions; and the the two. That allows us to do a lot of beliefs and values shaping today's things with the city.” It’s a unique position health care reform debate. for a top 20 graduate program, to be so strongly connected to a growing city like Austin. “We've tried a lot of different ways to bring Austin into our programming and events, and then also find ways to get our students out into the city,” Mabley says.

TRANSPARENCY WAS a core architectural ADVANCING That’s involved all sorts of groups Rowling Hall has been a showcase for the school sion of The University of Texas and it is concept for the building. From the LEADERSHIP and events coming to Rowling Hall. “A and the city, especially given its unique location at the consistently the case that people walk into second-floor landing, Mabley can see southwest corner of campus. The Center for Leadership and huge part of what we’ve accomplished is the classroom impressed,” Wallace says. more students in half an hour than she Ethics is seeking a $20 mil- bringing together people with different saw in two weeks in the original lion naming gift to support its perspectives to engage in debate about cial, and Governance Investing class. The OTHER TOP-TIER business school deans, McCombs “headquarters” building. extraordinary efforts. In 2018-19, the center launched new elective cutting-edge ideas,” says Senior Asso- spaces allow an easy switch between directors, and MBA program peers visited “I didn't fully appreciate the value of MBA courses in sports analytics ciate Dean Eric Hirst, Rowling’s building class discussions and small group project in the fall for the MBA Roundtable Annual transparency, until working here and moral business leadership, project lead. presentations and enable students to see Symposium, the first time McCombs has and seeing the interactions.” and expanded its award-winning TEXAS McCOMBS 360 Everyone from prospective students to both the whiteboards and each other. hosted the international event. That ce- She offers a couple of recent exam- Ethics Unwrapped video series. The school has launched Texas It secured research partnerships returning alumni has praised the building. The classrooms also strengthen Execu- mented Rowling Hall’s reputation in the ples: Walking through the lobby, she McCombs 360, a multifaceted with both Microsoft Corp. and initiative aimed at creating a “Those comments come fast and furious tive Education programs aimed at health eyes of peer institutions, says Mabley. was stopped by a prospective under- Whole Foods Market Inc., and hired complete and accurate picture of from anyone who took courses in the dark care leaders from across the globe, The building’s 300-seat auditorium graduate student and his family. Just a new director, Stacey Rudnick. Her the people the school serves and basement of the University Teaching Cen- who describe Rowling as a "world class" has hosted a variety of conferences, then, a current student walked by, joined efforts advanced programming, interacts with during all phases expanded the center’s advisory ter (UTC)," says Hirst. “They’re amazed to teaching facility. “The layout of the rooms including a student-led conference on in their conversation, and realized she of their engagement. It entails council, and led to $1.08 million collecting, managing, and sharing see the difference in what we have now.” supports the kind of collaborative, highly diversity and inclusion, a showcase for was from the same hometown. “Then, in commitments to support the data, making sure that the data is interactive, fast-paced programs that nonprofits connected with MBAs from I was talking about a professor and that center’s efforts. Now, the center correct and able to be put to use, THE LAYOUT AND design of Rowling’s class- we run,” says Scott Wallace, managing the Board Fellows group, and the 25th same professor walked by,” says Mabley. is seeking a naming gift to further and developing ways to use new operations, development, staffing, rooms make it possible to implement director of the Value Institute for Health anniversary of the MBA Investment “You can't script the way these things tools and processes to provide a and growth. The donor’s name will better experience for constituents numerous teaching improvements. For and Care, which has offered some classes Fund. “Our auditorium is world-class and happen. The transparency of the space appear prominently by the CLE throughout the lifetime of their example, Finance Professor Laura Starks in the building. allows us to have signature events that fosters so much openness and so many Leadership Labs rooms on the first relationship with McCombs. says classrooms with flexible team tables “Frequently, one of our Executive Educa- are intimate but grand, which is a unique unexpected encounters in ways that we floor of Rowling Hall. have activated her Environmental, So- tion courses is a participant's first impres- combination, says Mabley. The events couldn't have imagined.”

18 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 19 SPEAK ON 4.A GLOBAL STAGE Coastal Pipeline McCombs raises its profile in the Bay Area and New York City by deepening ties to alumni

BY MARY ANN ROSER

AISHWARYA NAGARAJAN, MBA ’19, knows “In going through that process, Josh the power of mentoring. Throughout her was very helpful,” says Nagarajan, 32. career, she has mentored others, and He coached her before interviewing and when she reached a career crossroads provided indispensable advice during the herself, mentors like venture capitalist salary negotiations, she says. After grad- Bill Gurley, MBA '93, and finance faculty uating in May, she became one of four member Josh Alexander, BBA '03, helped product managers at Bay Area start-up her forge a new trail. Gurley is a partner at Cerebras Systems. Benchmark Capital in San Francisco who The new Bay Area for McCombs initiative met Nagarajan at a 2018 McCombs event has a board of business alumni in the LAUNCH OF UTNY in Austin and Alexander is the director of region who are giving back by donating McCombs students got a taste the new Bay Area for McCombs initiative time to McCombs students and dollars to of the Big Apple this fall with the launch of UT in New York. A part- who taught one of Nagarajan's favorite the school’s programs. It is modeled after nership of Texas McCombs, the classes. With their help, she now lives and New York for McCombs, which gives stu- Moody College of Communication, works in the San Francisco Bay Area. dents a boost when seeking internships and the College of Fine Arts, UTNY Moving to California was not part of and jobs in the Big Apple. The programs provides semester-long oppor- tunities for students interested Nagarajan’s plan nor did she know what that are part of an effort by the McCombs in working in finance, business, would entail. But Alexander, who has culti- School to raise its profile and that of its the arts, design, communication, vated contacts in technology, finance, and students on both coasts. By making deep media, entertainment, and other other fields to mentor McCombs students connections with graduates, the pro- industries and professions in New York City. All students take an seeking opportunities in the region, knows grams engage alumni who are extending urban communications class and the Bay Area well. He helped Nagarajan, a helping hand to students at their alma a second class of their choice, who has a master’s degree in computer mater and simultaneously encouraging in addition to an internship, with engineering and was interested in artificial talented young people from both coasts more classes in development. intelligence, navigate the career landscape. to consider a McCombs education.

20 McCOMBS.UTEXAS.EDU DEAN'S REPORT 2019 21 INTERNATIONAL OUTREACH

Dean Jay Hartzell traveled the globe over the last two summers to raise the profile of McCombs internationally, speaking with members of the McCombs community in Europe and Asia. In July 2019, the dean spent a week in Europe meeting with alumni and donors, and appearing at a pair of Texas Edge events in Paris and London. In his inaugural trip to Asia as dean, in summer 2018, Hartzell met with alumni, parents, students, and friends in Tokyo, Seoul, Beijing, Hong Kong, and Singapore.

RESEARCH PUBLICITY

The national profile of faculty The new Bay Area for McCombs initiative helps students find strengths, and get a leg up on the compe- two years and placed nearly all in Now he’s mentoring students as a their footing on the West Coast. Here, MBA students on a Bay research from McCombs was Area career trek joined the Bay Area for McCombs board and tition. “I think it’s great to be able to move internships and jobs in New York, junior member of the council. “It’s about elevated in 2019, with the school the San Francisco chapter of the McCombs Alumni Network doubling the amount of media for a reception at a local cafe in San Francisco. the needle and improve what the kids are says Xavier Sztejnberg, faculty director helping people and paying it forward,” coverage over the previous year. GLOBAL BUSINESS learning these days by giving them ac- of the student leadership arm, Wall Street Bolster says. McCombs received $6.2 million CENTER Since 2016, Stacy Smith, BBA ’85, cess to business leaders where they want for McCombs. Although most of those He also can continue to tap into the in earned media value from news The Center for Global Business MBA ’88, and Shane Brisbin, MBA ’94, to work,” Brisbin said. were positions in the financial industry, network for career advice. organizations worldwide, continues to expand its offerings, have helped to shape the Bay Area The Bay Area program has a 19-member the council has rebranded itself with the Outside of Texas, New York City including the Wall Street Journal, with new advising services and New York Times, Washington Post, program. Smith is chairman emeritus board and started working this fall with New York moniker to reflect its reach has the largest concentration of community-building programs Forbes, Bloomberg, Time, for international business majors of the group and executive chairman of an inaugural class of undergraduate beyond Wall Street. McCombs alumni. They make up 2,709 CNN, MSNBC, NPR, and more. and minors. The center’s alumni Toshiba Memory Corp. Brisbin is chair- McCombs students called Technology Liam Bolster, BBA ’18, says he had a of the school's total 100,300 living The McCombs communications outreach program led to internship man of the Bay Area for McCombs board Business Fellows. The fellows are top job offer from Barclays in Menlo Park, alumni. The Bay Area is next with team accomplished this by devel- opportunities and scholarship oping robust publicity packages for and managing director of Morgan students who aspire to technology and California, after interning there his junior 2,409 former students. funding from the U.K. chapter of breaking faculty research stories, the Texas Exes. In collaboration Stanley Private Wealth Management business jobs in the Bay Area, Alexander year, but he wasn’t sure it was a good fit. Smith said that when he was an MBA including press materials, online with the McCombs Department in San Francisco. says. They get specialized classes, materi- Through his involvement with Wall Street student, he remembers Apple co-founder feature stories, McCombs maga- of Business, Government, and Neither Smith nor Brisbin had career als, and access to opportunities, as well for McCombs, he received critical advice Steve Jobs visiting McCombs and telling zine stories, videos, and social me- Society, the center plans an update dia campaigns. Among the stories mentors when they were new graduates, as one-on-one mentoring. and guidance. He talked with Sztejnberg students, “If you want to make a dent in the to the international business major, promoted were faculty research conversion of the certificate in but both say that guidance has become The Bay Area board meets twice a year, and a senior executive at Evercore, universe, come work at a technology on gratitude (Amit Kumar), debt global management to a minor, increasingly important. “The world has but holds events more frequently for a company involved with the McCombs company.” Those words, Smith says, repayment (Naveed Chehrazi), and a fall 2020 launch of three new gotten much more complicated and networking and socializing, like its East council. Bolster realized his first love “changed my life.” creativity (Steve Kachelmeier), international business courses: marital infidelity and professional much more competitive than when I went Coast counterpart. was mergers and acquisitions, and Smith made his career in tech, and now Finance and Global Business, misconduct study (John Griffin and Global Value Chains, and to school,” Smith says. New York for McCombs, which now has Evercore had a job for him. Right after he and other members of Bay Area for Sam Krugar), and police proactivity International Transfer Pricing. Mentors help students gain clarity a 75-member council of business leaders, graduation, he signed on as an invest- McCombs are ready to help a new genera- (Shefali Patil). around career goals, leverage their has worked with 125 students in the last ment banking analyst. tion dent the universe.

22 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 23 Rankings 2018-2019

Academic Excellence Diverse Strengths

For Graduate For Undergraduate Specialties Specialties Best Campus Best Master’s in Top 10 Top 10 No. 1 Environment for MBAs No. 5 Finance in the U.S. U.S. News & World Report U.S. News & World Report Princeton Review QS World University

1 Accounting 1 Accounting 6 Real Estate Best Master’s Program in Best MBA Professors Information Systems No. 2 Business Analytics in the U.S. No. 7 4 Eduniversal Princeton Review

10 Entrepreneurship 4 MIS 7 Insurance/Risk Best Master’s Program in Greatest Resources No. 2 Marketing in the U.S. No. 7 for MBA Women QS World University Princeton Review No. 1 Accounting Best Number of Top 10 UNDERGRADUATE, Marketing Entrepreneurship 4 8 Undergraduate Business GRADUATE, AND DOCTORAL Best Working Professional Specialties in the U.S. SECOND ONLY TO WHARTON MBA Program in the U.S. U.S. News & World Report has ranked No. 2 No. 8 U.S. News & World Report U.S. News & World Report McCombs No. 1 for 13 years in a row for graduate accounting, and the Public Accounting Report has awarded the top spot Finance Management to McCombs for 24 of the past 25 years at the 5 9 master’s level. The undergraduate program No. 4 Best MBA for Marketing No. 8 Best Executive MBA has held the first- or second-place spots Princeton Review Poets & Quants Program in the U.S. in U.S. News for a straight 28 years. Including undergraduate ranks in U.S. News, and both undergraduate and doctoral ranks in the 5 Quantitative Analysis Public Accounting Report, McCombs is No. Best Master’s in Technology Best MBA Classroom 1 in every single accounting category No. 5 Commercialization in the U.S. No. 10 Experience for nine years running. Eduniversal Princeton Review

24 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 25 Appointments and

Promotions 2018-19 NEW HIRES

Professors Jeffrey Hales, Accounting Indranil Bardhan, Information, New Executive Office Established: Risk and Operations Management Chief Marketing Officer Robert Metcalfe, Management LEADERSHIP APPOINTMENTS Emily Reagan Assistant Professors Inaugural Vice Provost for New Endowed Chair Hyun Hwang, Accounting Undergraduate Academic Thomas O. Hicks Endowed Chair Insiya Hussain, Management Affairs: David Platt, Senior in Business: Associate Dean Patricia Moravec, Information, Accounting Lecturer Prabhudev Konana Risk, and Operations Management Raji Srinivasan, Associate Dean for Diversity and Inclusion Stephen Anderson- Marketing Professor Raji Srinivasan, a popular teacher and a respected scholar, was appointed Vice Provost for Advocacy and New Endowed Professorship Macdonald, Marketing by Dean Hartzell to serve in a new leadership role to better nurture a culture of diversity and Dispute Resolution: Janet Dukerich, Arthur Andersen & Co. Centenni- Joel ‘Adam’ Cobb, Business, inclusion within the McCombs community of students, faculty, and staff. The mandate for this Professor of Management al Professorship in Finance: John Government, and Society new position is to create a community within the business school that reflects the diversity of Hatfield, Professor of Finance and Rui Gao, Information, Risk, the state of Texas it serves, as well as the national and international community that seeks it out. Associate Dean for Undergraduate Business, Government, and Society Indranil Bardhan, Health Care and Operations Management Analytics Expert Explains Srinivasan: “Today’s corporations are increasingly serving complex, diverse markets Programs: Doug Morrice, Bobbie Paul Green, Management all around the world. They seek employees, customers, and business partners in a multicultural, Indranil Bardhan, a prolific scholar in the and Coulter R. Sublett Centennial New Endowed Fellowships Amit Kumar, Marketing global marketplace. As a premier business school preparing business leaders for the future, field of digital health and health care Professor in Business Collins Hills Jr. Fellowship: Kathleen T. Li, Marketing McCombs has an obligation to develop leaders with the global acumen to manage a complex and analytics, was hired by Texas McCombs Y. Sekou Bermiss, Associate diverse world, including customers, channel partners, and employees.” Associate Dean for Graduate Professor of Management in 2018 as the Foster Parker Centennial Other Noteworthy Hires Programs: Joe Hahn, Clinical The Spurgeon Bell Centennial Professor of Management with a joint Kirk Goldsberry, Management Associate Professor Fellowship: Willie Fuchs, faculty appointment at Dell Medical School. Lecturer, NBA Analyst for ESPN, Associate Professor of Finance His research evaluates the impact of health Former Vice President of Strategic Sekou Bermiss, Management Faculty Director, Canfield Business Eleanor T. Mosle Fellowship: IT initiatives on the cost and quality of health Research for San Antonio Spurs FACULTY PROMOTIONS Brian White, Accounting Honors Program: Andres Almazan, Tim Werner, Associate Professor of care delivery, including the development of Professor of Finance Business, Government, and Society predictive models for readmissions. James Hackett, Management Promotion to Professor Promotion to Distinguished Ernst & Young Faculty Fellowship in Bardhan is a distinguished fellow of the Lecturer, Executive Vice Chairman Dain Donelson, Accounting Senior Lecturer Department Chair, Finance: Accounting: Brian White, Associate INFORMS Information Systems Society of Alta Mesa Resources, Former John McInnis, Accounting Brian Lendecky, Accounting Sheridan Titman, Professor Professor of Accounting and has received funding from the National CEO of Anadarko Petroleum Corp., Yong Yu, Accounting Heidi Toprac, Finance of Finance Fayez Sarofim & Co. Centennial Science Foundation. He has won seven best Former Chairman of the Federal Maytal Saar-Tsechansky, Doug Dierking, Management Fellowship No. 1: Ashish Agarwal, paper or runner-up awards and serves as se- Reserve Bank of Dallas Information, Risk, and Kathy Edwards, Management Department Chair, Information, Associate Professor of Information, nior editor at MIS Quarterly, associate editor Operations Management Greg Hallman, Finance Risk, and Operations Management: Risk, and Operations Management at Management Science, and co-editor of a Marissa Epstein, Management James Scott, Information, Risk, Stathis Tompaidis, Professor KPMG Centennial Fellowship in special issue of MIS Quarterly that focuses Lecturer, Former Associate Director and Operations Management Promotion to Senior Lecturer of Finance Accounting: Jaime Schmidt, Associ- on the role of information systems and of the White House’s Let’s Move! Ethan Burris, Management Patrick Badolato, Accounting ate Professor of Accounting analytics in chronic disease management. Initiative on Childhood Obesity, Jeffrey Johanns, Accounting New Associate Deanship Estab- Juanita Dreibelbis Fellowship in He teaches master’s courses at both Registered Dietitian Nutritionist, Promotion to Associate Professor Stuart Singer, Accounting lished: Associate Dean for Diversity Business: PK Toh, Associate McCombs and Dell Med. Specialist in Social Entrepreneur- Mingyuan Zhou, Information, Risk, Terri Holbrook, Accounting and Inclusion Raji Srinivasan Professor of Management ship in the Food Industry and Operations Management J. Kamas, Accounting

26 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 27 Awards and Achievements 2018-19 Kumar Muthuraman, Professor of Infor- STUDENT ACHIEVEMENTS McCOMBS FACULTY mation, Risk, and Operations Manage- RESEARCH HONORS ment: Hank and Mary Harkins Foundation BBA Team Wins National L’Oreal benefits of problem solving, thinking Award for Effective Teaching in Under- Competition outside the box, and the power of a team Wayne Hoyer, Professor of Marketing: graduate Classes Hannah Fawcett, BBA ’20, Rahul Das, BBA working together,” Goodman says. Award for Research Excellence ’21, and Jenna Zhang, BBA ’21, took first Daniel Rimkus Accounting Ph.D. Candi- place at the L’Oreal 2019 National Brand- Finance Team Takes Southeastern Lillian Mills, Professor of Accounting: date: Fred Moore Assistant Instructor storm Competition in New York City for Hedge Fund First Place Career Award for Outstanding Award for Teaching Excellence their DNA-customized skincare idea. The A finance student team took first place and Research Contributions team proposed that L’Oreal apply 23and- a $10,000 prize at the Southeastern Hedge Adrian Ward, Assistant Professor of Me’s DNA genetic testing services to Fund Competition. Catherine Cheng, Eric Ram Ranganathan, Assistant Professor of Marketing: Trammell/CBA Foundation create personalized products for health- Sun, and Matt Hopp, all BHP '20, along with Management: CBA Foundation Research Teaching Award for Assistant Professors conscious consumers. an electrical engineer, were part of a team Excellence Award for Assistant Professors that took home first place out of 23 teams Ramesh Rao, Professor of Finance: McCombs Students Take Top in UT's first year competing in the event. James Scott, Associate Professor of inducted into UT’s Academy of Distin- Leadership Roles at UT Information, Risk, and Operations guished Teachers Camron Goodman and Amie Jean, both MBA Students Win Texas Venture Labs Management: Research Excellence Award BBA ’20, were elected as UT’s student Investment Competition for Associate Professors Kristina Zvinakis, Accounting Senior Lec- body president and vice president, Pallavi Nair, Yukti Gangwani, and Jamal turer: Provost Teaching Fellow, UT Austin respectively, becoming the university’s Olatunde, all MBA ’19, earned first place EXTERNAL FACULTY first all-black executive alliance. The duo’s for their startup ShaadiBox, during the RESEARCH AWARDS Jade Dekinder, Clinical Associate Profes- campaign platform proposed offering spring 2019 Texas Venture Labs Invest-

Laura Starks, professor of finance, newly elected vice president of the American Finance Association sor of Marketing: Provost Teaching Fellow, training in classroom diversity inclusion ment Competition and won $10,000. Ashish Agarwal, Associate Professor and winner of the 2018 PRI Award for Outstanding Research. UT Austin to faculty and sexual assault prevention ShaadiBox solves a difficult problem that of Information, Risk, and Operations to student organizations, expanding the Indian-American brides and grooms have Management: Sandra A. Early Career Indranil Bardhan, Professor of Informa- 2019 HALL OF FAME AWARDS SURE Walk safety program, and creating with sourcing the clothing and accesso- Award, Information Systems Society of Lillian Mills, Professor of Accounting: tion, Risk, and Operations Management: a non-traditional student resource center. ries necessary for an Indian wedding in the Institute of Operations Research American Accounting Association 2018 2019 Distinguished Fellow, INFORMS Philip Canfield, BBA ’89, Managing “McCombs has definitely taught me the the United States. and the Management Sciences Presidential Scholar Information Systems Society Director of GTCR

ShaadiBox, winner of the spring 2019 Texas Venture Labs Investment Competition, sources clothing Cara Biasucci, Director of Ethics Raghunath Rao, Associate Professor of McCOMBS/UT AUSTIN TEACHING AWARDS Antonio Garza, BBA ’80, Former U.S. and accessories for Indian weddings in the U.S. Unwrapped, and Robert Prentice, Marketing: Gerald E. Hills Award for Best Ambassador to Mexico and Secretary of Professor and Department Chair, Busi- Paper on Entrepreneurial Marketing, AMA Ethan Burris, Professor of Management: State of Texas ness, Government, and Society: 2018 Entrepreneurial Marketing Special Inter- Joe D. Beasley Teaching Excellence Award Outstanding Paper, Journal of Business est Group Kay Bailey Hutchison, LLB ’67, BA ’92, U.S. Law and Ethics Pedagogy, Academy of Iman Dolatabadi, Finance Ph.D. Ambassador to NATO Legal Studies in Business Laura Starks, Professor of Finance: Candidate: Fred Moore Assistant Instruc- 2019 Elected Vice President of the tor Award for Teaching Excellence Niloufar Molavi, BBA ’91, MPA ’91, Patrick Brockett, Professor of American Finance Association; 2018 PRI Global and U.S. Energy Leader of Information, Risk, and Operations Award for Outstanding Research: Ty Henderson, Associate Professor PricewaterhouseCoopers Management, and Linda Golden, Best Quantitative Paper (insert comma between name and title) Professor of Business, Government, and of Marketing: Jim Nolen Award for J. Marc Myers, BBA ’69, MBA ’74, Society: 2018 North American Journal Sirkka Jarvenpaa, Professor of Informa- Excellence in Graduate Teaching President of Myers & Crow Co. Annual Best Article Prize tion, Risk, and Operations Management: Claudio Ciborra Award for Most Innovative Kapil Jain, Marketing Senior Lecturer: 2019 RISING STAR RECIPIENTS Patrick Brockett, Professor of Informa- Paper, European Conference on Informa- Fawn and Vijay Mahajan Teaching Excel- tion, Risk, and Operations Management: tion Systems 2019 (most important con- lence Award for Executive Education Kovid Gupta, BBA ’10, Director of Investor Editor of the North American Journal ference for information science in Europe) Relations and Human Resources for Indus (top academic actuarial journal in North Donna Johnston-Blair, Accounting Management Group America) for an unprecedented third term Lillian Mills, Professor of Accounting: 2019 Lecturer: Hank and Mary Harkins Outstanding Service Award, American Foundation Award for Effective Teaching Lance Loeffler, BBA ’99, MBA ’04, Exec- Adam Cobb, Assistant Professor of Taxation Association in Undergraduate Classes utive Vice President and Chief Financial Business, Government, and Society: Officer for Halliburton John T. Dunlop Outstanding Scholar Clemens Sialm, Professor of Finance: Paula Murray, Professor of Business, Award, Labor and Employment Relations 2019 Pagano-Zechner Award for Best Government, and Society: Excellence in Carlos Whitaker, MPA ’00, Managing Di- Association Paper in the Review of Finance Education Award rector of Global Markets for Credit Suisse

28 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 29 Key Events 2018-19

February 13 2019 SEMA FORUM April TEXAS McCOMBS PRESENTS September 27-28 The SEMA Forum highlights sports and entertainment The Texas McCombs Presents speaker series showcas- TEXAS ANALYTICS SUMMIT 2018 January leaders who have disrupted their respective indus- April 3 es thought leadership and research through engaging Experts from across the country spoke on the powerful tries by doing things differently. Speakers included WOMEN IN ELECTRICITY EVENT talks by McCombs faculty. This year, the school also new ways the use of data is shaping industry, October 27 Ty Haney, founder and CEO of Austin-based Outdoor — McCOMBS ENERGY INITIATIVE partnered with the Texas Tribune for a series of talks on commerce, and communication now, and what to DISRUPTEXAS Voices; Chris Del Conte, athletics director at UT Austin; The McCombs Energy Initiative hosted its inaugural the intersection of business, politics, and public policy. expect in the future. DisrupTexas is an annual pitch competition for under- and Duff Stewart, who heads up Austin-based Women in Electricity event, featuring a panel of women graduate students across the state of Texas. Hosted advertising agency GSD&M. who have had successful careers in the energy industry. VIP DISTINGUISHED SPEAKER SERIES October by the Herb Kelleher Center for Entrepreneurship at UT The VIP Distinguished Speaker Series, organized by the Austin, DisrupTexas is a one-of-a-kind opportunity for February 28 April 3 Undergraduate Business Council at UT Austin, highlights October 3 fully immersive learning — and a chance for student TEXAS McCOMBS PRESENTS/TEXAS TRIBUNE: TRAILBLAZER IN IMPACT: AN EVENING the views, insights, and perspectives of accomplished MSTC DEEP DIVE: A LOOK INTO THE ARMY FUTURES teams to walk away with some serious cash. A CONVERSATION WITH JOHN MACKEY, CEO OF WITH WALTER ROBB and inspiring business leaders, and gives students the COMMAND CENTER WHOLE FOODS MARKET The Social Innovation Initiative hosted Walter Robb, opportunity to learn from some of the most prominent The Master’s of Science in Technology Commercial- November John Mackey, who co-founded Austin-based former co-CEO of Whole Foods, at its first Trailblazers leaders in modern business. The series is cosponsored by ization team presented a fireside chat with Lieutenant Whole Foods Market in 1980 and built it into a in Impact talk, a series exploring the journeys of true the McCombs Center forLeadership and Ethics. General Eric Wesley and the rest of the beachhead November 1 January 18, 23, 31, February 7 multinational organization, was interviewed by Texas innovators in the social impact space. team leading the Army’s future force modernization SPORTSINNO 2018 2019 BUSINESS OUTLOOK: AUSTIN, Tribune co-founder and CEO Evan Smith. enterprise. The Army Futures Command began opera- SportsINNO is a speaker series hosted by the Center HOUSTON, SAN ANTONIO, AND DALLAS April 11 2018 tions out of Austin in August 2018. for Sports Leadership and Innovation and the Herb For the seventh consecutive year, the McCombs School February 28 TEXAS McCOMBS PRESENTS: PEOPLE ANALYTICS: Kelleher Center for Entrepreneurship at UT Austin that of Business and the Federal Reserve Bank of Dallas VIP DISTINGUISHED SPEAKER SERIES A NEW WEAPON IN THE WAR FOR TALENT September October 11 showcases the country’s top leaders and researchers collaborated on a high-level informative and business McCombs Undergraduate Associate Dean Sekou Bermiss, associate professor at McCombs, TEXAS McCOMBS PRESENTS/TEXAS TRIBUNE: in sports tech innovation. Speakers included Angelina networking event in all major Texas cities. Above, in Dallas David Platthosted Michelle Browdy, senior VP spoke about the increasing influence of people September 20 A CONVERSATION WITH MARVIN ODUM, Lawton, founder and CEO Sportsdigita; Danny Belch, (left to right): Robert Metcalfe, professor of Information, of legal and regulatory affairs, and general analytics, a data-driven approach to managing people VIP DISTINGUISHED SPEAKER SERIES HOUSTON'S CHIEF RECOVERY OFFICER vice president of marketing for STRIVR; Roger Risk, and Operations Management at Texas McCombs; counsel at IBM. in the workplace. McCombs Dean Jay Hartzell hosted Tim Brown, Marvin Odum, chief recovery officer for the city of Williams, SVP of Media Operations, Disney Streaming Robert Steven Kaplan of the Federal Reserve Bank of COO of Chobani. Houston, was interviewed by Texas Tribune co-founder Services; and Alan Ashley, chief of sport performance Dallas, and James Hackett, chair and CEO of Alta Mesa March April 16 and CEO Evan Smith about Odum’s leadership of the for the U.S. Olympic Committee. Resources Inc. A CONSERVATIVE CASE FOR UNIVERSAL HEALTH September 26 city's recovery effort from Hurricane Harvey. March 25 CARE: POLICY@McCOMBS WITH AVIK ROY TEXAS McCOMBS PRESENTS: AIQ: HOW PEOPLE November 9 A CONVERSATION WITH KEN LANGONE, Avik Roy, president of the Foundation for Research AND MACHINES ARE SMARTER TOGETHER October 23 THE FUTURE OF HEALTH January 29 CO-FOUNDER OF HOME DEPOT on Equal Opportunity and one of the nation’s most Professor James Scott, author of a new book on artificial TEXAS BLOCKCHAIN ACTIVITIES AND The McCombs Health Care Innovation Initiative SOCIAL INNOVATION PRESENTS: Ken Langone, co-founder of Home Depot, a former prominent health policy figures, helped explain the intelligence, presented on historical ideas playing out RESEARCH SHOWCASE 2018 hosted a half-day seminar, The Future of Health, in WHY DO PEOPLE GIVE? director of the New York Stock Exchange, and a conservative case for moving toward a bipartisan, in the modern age of big data and machine learning. The Texas Blockchain Initiative at Texas McCombs and partnership with Ernst & Young. Participants dis- This panel introduced students to the core parts world-class philanthropist, presented stories from his universal health care plan. Below: Dean Jay Hartzell interviews Scott onstage the Austin Blockchain Collective presented the latest cussed how digital advancements in health are of philanthropy: how to think about why individuals memoir during this event hosted by the UT Center for at the event. research on blockchain technology to faculty and Ph.D. allowing people to not only live well, but age well and and corporations give, how they decide to give, and how Enterprise and Policy Analytics. April 17 students at UT Austin. enable better outcomes through a better understand- non-profits ask for donations. Panelists included VIP DISTINGUISHED SPEAKER SERIES ing of brain health and by leveraging advancements Meeta Kothare, managing director of the McCombs McCombs Dean Jay Hartzell and Moody College October 25 such as virtual reality and automation. Social Innovation Initiative; Carmine Salvucci, chief March 27 of Communication Dean Jay Bernhardt hosted VIP DISTINGUISHED SPEAKER SERIES development officer for Communities in Schools of Cen- VIP DISTINGUISHED SPEAKER SERIES Jay Brown, CEO of Roc Nations. McCombs Dean Jay Hartzell hosted Phil Green, CEO of November 30 tral Texas; and Emily Doran, director of principal gifts for McCombs Dean Jay Hartzell hosted David Wells, Frost Bank. TEXAS McCOMBS PRESENTS: BLOCKCHAIN IS the Moody College of Communication, UT Austin. former CFO of Netflix. Below: students with Wells May NOT WHAT YOU THINK IT IS (fourth from right) and Dean Jay Hartzell (far left). October 26 Cesare Fracassi, associate professor of finance and di- February May 9 FINANCIAL CRISIS SYMPOSIUM 10 YEARS LATER, rector of the Blockchain Initiative at McCombs, spoke TEXAS McCOMBS PRESENTS/TEXAS TRIBUNE: WHAT DOES THE DATA SAY? CAUSES AND about what is real and what is not in blockchain. February 8 LET’S TALK ABOUT DIVERSITY IN TECH CONSEQUENCES OF THE FINANCIAL CRISIS DIVERSITY CONFERENCE A conversation about demography, inclusion, The UT Center for Enterprise and Policy Analytics at November 30 The inaugural Diversity Conference at McCombs innovation, and social entrepreneurship, moderated the McCombs School of Business hosted a one-day TEXAS VENTURE LABS INVESTMENT COMPETITION was a one-day MBA student-led event analyzing key by Texas Tribune co-founder and CEO Evan Smith, September 27 symposium marking the 10-year anniversary of the The Texas Venture Labs Investment Competition strategies that companies need to implement diversity with Mellie Price, executive director of commercial- KAY BAILEY HUTCHISON CENTER financial crisis, with research presentations and simulates the real-world process of raising venture that works. The conference welcomed distinguished ization, health ecosystem, Dell Medical School; Joah ANNUAL SYMPOSIUM discussions on the causes and consequences of the capital. Graduate students from UT Austin pitched speakers who are passionately involved in diversity Spearman, founder and CEO, Localeur; and Eugene A full day of speakers and panels discussed the energy crisis. Speakers included UT faculty, leading academic their startups and received prize money and invaluable initiatives from Dell, PepsiCo, Kapor Capital, Sepulveda, CEO of the Entrepreneurs Foundation, mix of the future. scholars, and policymakers. feedback from entrepreneurs and investors. Google, PWC, BET, and more. and director and partner, Capital Factory.

30 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 31

School Profiles

Enrollment Alumni

Degrees held by living alumni (as of July 2019):

Total Enrollment 73,690 BBA 6,548 (2018-2019) 22,735 MBA 4,752 BBA 8,717 MPA 1,142 MBA MSTC Note: Some alumni hold 1,077 more than one McCombs MPA (grad level) degree. Master’s degrees 288 awarded as partial 345 MSF fulfillment of doctoral degrees are not included. 272 MS 328 MSBA 94 Ph.D. 81 MSM An additional 7,463 non-business-major UT undergraduates take advantage of our Business Options minors, bringing the total 31 MSITM (inaugural year) number of students enrolled in McCombs classes to 14,011. 1,150 Ph.D.

*Worldwide Alumni Network

100,300 alumni live in all 50 states, Washington, D.C., four territories, and 104 countries. McCombs topped the 100,000 mark for the first time in May 2019.

DEAN’S REPORT 2019 33 Program Profiles

Degree program established 1922 BBA Program Degree program established 1916 4,752 Total Enrollment MBA Programs 1,142 Total Enrollment

FULL-TIME MBA // CLASS PROFILE 2018-19 CANFIELD BUSINESS HONORS PROGRAM CLASS PROFILE Class Profile 2018-19

Class 1,033 Size Class Women 127 Freshman Class Size 284 Size 38% 8,034 Applicants 2,076 Applicants 1,828 Applicants 23% Admitted 34% Admitted Underrepresented Minority 13% Admitted 19% SAT Average (enrolled) 1384 702 GMAT Average (highest average to date) 1452 SAT Average (enrolled) 49% 26% 6 YRS Average Work Experience Women Underrepresented Minority 29% International 41% 25% Women Underrepresented Minority 83 Valedictorians 28 Average Age

In fall 2018, the average Canfield INTERNATIONAL STUDENT BODY GLOBAL INFLUENCE FINANCIAL AWARDS student ranked in the top 45% 27 54% $10,668 of BBA students who Countries with McCombs Receive scholarships Average scholarship or studied abroad in 2019- BBA international or grants grant awarded 2019 partnerships 1.9% of their high school graduating class.

EMPLOYMENT EMPLOYMENT *Number of Canfield students included in the BBA profile total. $67,918 $7,929 $119,036 $29,929 29 Countries represented Average base starting Average signing bonus Average base starting Average signing bonus salary (class of 2019) (class of 2019) salary (class of 2018) (class of 2018)

34 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 35 Program Profiles

MBA Programs Degree program established 1922 1,142 Total Enrollment

WORKING PROFESSIONAL MBA // EXECUTIVE MBA // (combined Austin, Dallas, and Houston)

Class Profile 2018-19 Class Profile 2018-19

Class 27% Women Class 234 Size 58 Size 26% International 17% Underrepresented Minority 403 Applicants 105 Applicants

Average Work International Experience 79% Admitted 18% 73% Admitted 14 YRS

GLOBAL REACH 24% 17% 645 GMAT Average Women Underrepresented Minority 37 Average Age

7 YRS Average Work Experience

Countries represented 30 Average Age 22

36 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 37 Program Profiles

MPA Degree program established 1948 MS 272 Total Enrollment

MS IN TECHNOLOGY Class Profile 2018-19 COMMERCIALIZATION // MS IN FINANCE // Degree program established 1996* Degree program established 2012 Class Size (traditional MPA and 5th year Class Profile 2018-19 Class Profile 2018-19 270 Integrated MPA combined)

Class Class 90 Size 67 Size Class Size (traditional MPA) 66 134 Applicants 403 Applicants International

27% Admitted Admitted 85% 25%

Applicants 201 30% Holding other master’s degrees 687 GMAT Average

Average Work Average Work Experience Average Work Experience 49% Admitted 11 YRS 1 YR 1 YR Experience 37 Average Age 23 Average Age

668 GMAT Average (traditional MPA) ENTREPRENEURSHIP 21% 25% 18% Average Age 24 Average number of 52% 11% companies launched from MSTC annually International Women Underrepresented Women Underrepresented Minority 4.2 Minority

EMPLOYMENT EMPLOYMENT 12% 27% 41%

$58,637 96% International Women Underrepresented $68,763 86% Minority Average base starting Accepting jobs three Average base starting Accepting jobs three salary (class of 2018) months post grad salary (class of 2018) months post grad

*From 1996—2010 the MSTC program was housed at UT’s IC2 Institute

38 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 39 Program Profiles

MS 272 Total Enrollment

MS IN BUSINESS ANALYTICS // MS IN MARKETING // MS IN INFORMATION TECHNOLOGY MANAGEMENT // Degree program established 2013 Degree program established 2016 Degree program established 2018

Class Profile 2018-19 Class Profile 2018-19 Class Profile 2018-19

Class Class Class 54 Size 35 Size 31 Size International 81% (highest percent international of any Applicants 875 164 Applicants McCombs program) 119 Applicants 15% Admitted (hardest to get into among non-doctoral programs) 38% Admitted Women 53% Admitted 45% GMAT Average (highest GMAT of all GMAT Average 730 McCombs programs) 603

2 YRS Average Work Experience 1 YR Average Work Experience 657 GMAT Average 24 Average Age 3% Underrepresented Minority 24 Average Age

2 YRS Average Work Experience 61% 57% 2% 17% 66% 9%

International Women Underrepresented International Women Underrepresented 24 Average Age Minority (highest percentage of women Minority of any McCombs program)

EMPLOYMENT EMPLOYMENT EMPLOYMENT * Inaugural class: Salary and employment figures are interim/preliminary. $86,175 97% $62,992 84% $91,162 93% Average base starting Accepting jobs three Average base starting Accepting jobs three Average base starting Accepting jobs six months salary (class of 2018) months post grad salary (class of 2018) months post grad salary (class of 2019) post grad

40 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 41 Program Profiles

Ph.D. Degree program established 1930 94 Total Enrollment Executive Education

CLASS PROFILE EMPLOYMENT Texas Executive Education has Worldwide for participants from: No. 2 Client Follow-Up Class Financial Times 16 Size Tenure-track, academic job different companies 89% 300 447 Applicants 85% of companies return each year 9% Admitted (most selective of McCombs) different industries 11% Jobs in industry 70 712 GMAT Average of companies return within five 95% years 31% 56% of academic jobs were at schools Countries Women International 50% ranked in the world’s top 50 for 29 business research.*

Continents 26 Average Age U.S. Ranking for Custom No. 7 Executive Programs 6 Businessweek REPRESENTATIVE SCHOOLS HIRING 2018 GRADS

DOCTORAL DEGREES OFFERED London School of Economics  Accounting University of Chicago U.S. Preferred for Executive 25,000+ 1,000+ No. 6 Education leaders engaged custom programs  Finance CEO Magazine delivered Cornell  Information, Risk, and Operations Management 35+ Worldwide Ranking for years creating practical  Management No. 15 Custom Executive Programs courses with positive ROI CEO Magazine *According to the annual University of Texas at Dallas  Marketing Top 100 Business School Research Rankings

42 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 43 Advisory Leadership 2018-19

Texas McCombs’ Advisory Council and Board members bring credibility to our programs through their stature in the business world, and they provide invaluable insights to guide high-level decisions affecting the future of the school. Council and board members support fundraising efforts; provide counsel to the dean, faculty, and staff; help spread the influence of the school to various stakeholder groups; provide essential networking support; mentor and advise students; and assist in assessing progress toward the school’s strategic goals. Nominations for membership are considered each spring.

ADVISORY COUNCIL 2018-19 Bob Borden, Chief Executive Officer, Delegate Advisors Rob Holmes, Global Business Head Corporate Client Bill Braun, Chief Information Officer and President, Banking Specialized Industries, JPMorgan Chase & Co. Honorary Life Chair: Information Technology Company, Chevron Andy Jacobs, Private Investor Red McCombs, Owner, Shane Brisbin, Managing Director, Marty Kaplan, President, Nalpak Ventures McCombs Enterprises Morgan Stanley Private David Kirk, Chairman of the Board, Bank of Texas Wealth Management Steve LeBlanc, Founding Partner, CapRidge Chair: George Ackert, Phil Canfield, Managing Director, GTCR Partners LLC Senior Managing Director, Evercore Partners Dan Chesnut, Partner, Chief Operating Officer, Rob Malcolm, Associate Director, Advisory, KPMG LLP Center for Customer Insight and Marketing Solutions, Vice Chair: Marcie Zlotnik, Jane-Page Crump, President, Jane Page Design Group McCombs School of Business Managing Partner, BZMZ Interests Ltd. Scott Dennis, Chief Executive Officer, Chris Manning, Managing Partner, Invesco Real Estate Trilantic Capital Partners Immediate Past Chair: David Druley, Chief Executive Clement Marcus, Partner, EP Marcus Investments; Richard Folger, Managing Partner, Officer, Cambridge Associates Partner, MIMCO Inc. Colbridge Partners Ltd. Travis Fagan, Senior Partner, McKinsey & Company Jim McBride, Founding Partner, Blue Sage Capital Kent Ferguson, President, Health Care Kirsty McCormack, Vice President, Facilities Development Corporation Planning and Commercial Operations, BP Tamara Fields, Managing Director, Accenture Steve McGaw, Senior Vice President, Jeff Fronterhouse, Managing Partner, Corporate Strategy and Development, AT&T ACTIVE MEMBERS Riata Capital Group Pam McIlhenny, Executive Vice President, Gay Gaddis, Chief Executive Officer E.M. Consulting Inc. Kenneth Aboussie, Managing Partner, and Founder, T3 Holly McMullan, Head of Business Stonelake Capital Partners Jonathan Goldman, Founder and Managing Partner, Development, the Americas, George Ackert, Senior Managing Director, Genesis Capital LLC Apollo Global Management Evercore Partners Phil Green, Chairman and CEO, Cullen/Frost Bankers Inc. Tom Melody, Walter & Dunlop Inc. John Bass, Principal, Chase Capital Bryan Grundhoefer, President Mark Metcalf, Executive Vice President and Market – J.P. Morgan Securities Inc. and Chief Operation Officer, WellMed Executive, Wells Fargo Bank NA Brett Biggs, Executive Vice President and Medical Management Christopher Mize, Managing Director and Chairman, Chief Financial Officer, Walmart Inc. John Harkey, Chairman and Chief Executive Officer, Energy Americas, Morgan Stanley & Co. Michael Blue, Office Managing Partner, Ernst & Young LLP Managing Partner, JDH Investment Management, LLC Niloufar Molavi, Global Energy Leader, PwC

At the spring 2019 McCombs Advisory Council dinner, UT Austin President Gregory Fenves Adam Blum, Managing Member, Mindy Hildebrand, Vice Chair, Gloria Moncrief Holmsten, (below right) and UT System Board of Regents Chair Kevin Eltife, BBA '81 (below center) joined the group as featured speakers. ACB Holdings LP The Hildebrand Foundation Treasurer, Montex Drilling Co.

44 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 45 Bill Montgomery, Partner, Quantum Jon Brumley, Founder, President, and CEO, Bill Gurley, General Partner, Red McCombs, Owner, McCombs Enterprises Toni Neal, Industrial Engineering, Retired Bob Phillips, Chairman, CEO, Energy Partners Bounty Investments LP Benchmark Capital Skip McGee, Chief Executive Officer, Jimmy Neissa, Chief Executive Officer, and President, Crestwood Equity Gary Murtha, Senior Vice President, Preston Butcher, CEO, Legacy Partners Barbara Guthery, General Partner, Intrepid Financial Partners Rothschild North America, Rothschild & Co. Partners LP Finance, PepsiCo Tim Byrne, President and CEO, Residential Division, Sublett Partners Ltd. John McStay, President, John McStay Inc. Erin Nelson, Chief Executive Officer, Pat Priest, Chief Financial Officer and COO, Jimmy Nakfoor, Owner, Palm Street Capital LP Lincoln Property Company Kathy Harless, The Toro Company Ardon Moore, President and CEO, Lee M. Bass Inc. CSDC Systems Inc. Dallas Regional Chamber Allison O’Neal, Managing Partner, John Carpenter, Principal, Miramar Holdings LP Fred Hegi, Founding Partner, Ben Moreland, Principal, Moreland Interests Ray Nixon, Executive Director, Joe Prothro, President, Ascent Strategies Scott Caven, Senior Relationship Wingate Partners LP Shea Morenz, Chief Executive Large Cap Value Equity Portfolio Perkins-Prothro Foundation Scott Plantowsky, Managing Partner, RSR Finance LLC Manager and Head of Houston Office, Bill Helms, Vice Chairman, Officer, Morenz Group Manager, Retired, Barrow, Hanley, Elysia Ragusa, International Lawrence Pope, Executive Vice President CIBC Private Wealth Management Bob Chereck Board of Directors, BBVA Compass Dave Morris, Chief Executive Officer, Mewhinney & Strauss Director, Retired, Jones Lang LaSalle of Administration and Chief Human Resources Eugenio Clariond, Chairman, Grupo Cuprum Gilbert Herrera, President, Herrera Partners Morris Interests Will O’Hara, Retired, Morgan Stanley Ben Rodriguez, President, Officer, Halliburton Coley Clark, Chairman and CEO, Retired, BancTec Inc. Tom Hicks, Chairman, Founder, Marc Myers, President, Myers & Crow Co. Ltd. Dean Witter Management & Business Advisors Tammy Romo, Executive Vice President and Chief Pete Coneway, Managing Director, and Partner, Hicks Holdings LLC Mike Myers, Chairman and President, Norma M. Petrosewicz, Attorney At Law Steve Rohleder, Chief Operation Officer, Financial Officer, Southwest Airlines Riverstone Holdings LLC Richard Hill, Founding Partner, Myers Financial Corporation and CPA , Petrosewicz Law Firm, P.C. Retired, Accenture Shad Rowe, Managing Partner, Catherine Crain, Vice President, Fayez Sarofim & Co. HPI Real Estate Services and Investments Stanley Rosenberg, Owner, Greenbrier Partners Capital Management Gary Crum, President, CFP Foundation Charles Holley, Investor/Consultant The Rosenberg Group Scott Schanen, Chief Executive Ken DeAngelis, General Partner, Joe Holt, Managing Director and Billy Rosenthal, Chairman, Officer, Integro Benefits Austin Ventures Vice Chairman, Commercial Penrose Group LLC Tony Schell, Managing Director, Jason Downie, Managing Partner, Banking, Retired, JPMorgan Chase Robert Rowling, Chairman, Escalate Capital Partners Tailwater Capital LLC James Huffines, JRH Partners LLC TRT Holdings Inc. Gretchen Seay, Managing Director, Alan Dreeben, Partner and Director, Ralph Hull, President, Raymar Inc. Tom Ryan, Chairman of the Board and CEO, Clearsight Advisors Inc. Republic National Distributing Company Ron Hulme, Chief Executive Officer, Service Corporation International Stacy Smith, Co-Founder and Managing Bobby Duffey, Retired, Chase Bank Bluescape Energy Partners Mike Sanders, Director and Partner, SCW Capital Robert Duncan, Chairman, Transwestern Alfred Jackson, Principal, Inroads Group Senior Advisor, Venturi Wealth Management Tom Sweet, Executive Vice Jimmy Elliott, Global Head, Mergers and Acquisitions, Steve James, Chief Operating Milton Scott, Chief Executive President and Chief Financial Retired, JPMorgan Chase & Co. Officer, Retired, Accenture Officer, The Tagos Group LLC Officer, Dell Inc. Mike Espinosa, President and CEO, Kenny Jastrow, Former Chairman George Seay, Chairman, Rebecca Szelc, Managing Director, The Riverview Group LLC and CEO, Temple Inland Annandale Capital LLC Berkeley Research Group LLC Dick Evans, Consultant, Rob Jones, Director of the General Partner, Brien P. Smith, Managing Director, Mike Van de Ven, Chief Operating Officer, Cullen/Frost Bankers Inc. Shell Midstream Partners Neuberger Berman LLC Southwest Airlines Co. Kathleen Farlow, Central Texas Managing Partner, Don Jordan, Chairman and CEO, Stacy J. Smith, Executive Vice Andrew Phong Vo, Managing Deloitte LLP Jordan Capital Management President and CFO, Retired, Director, Head of Human Resources Bill Finnegan, Partner, Gary Kelly, Chairman of the Board Intel Corporation Asia Pacific, Africa, and Latham & Watkins LLP and Chief Executive Officer, Joel Staff, Chief Executive Officer, Retired, Middle East, Accenture Jake Foley, Managing Director, Southwest Airlines Co. Scipio Interests LLC Shawn Wells, Chief of Staff, Retired, Houlihan Lokey Ellen Keszler, President and CEO, Ron Steinhart, Chairman and CEO, Retired, Amherst Holdings Richard Folger, Managing General Partner, Clear Sky Associates Bank One Corp. Sarah West, President, Sarah West Colbridge Partners Ltd. Paul Kinscherff, Vice President, Finance and Corporate Commercial Banking Group & Associates LLC Tony Forcum, Principal, Retired, Development, Retired, The Boeing Company Bryan Stolle, Founding Partner, Marcie Zlotnik, Managing Partner, Deloitte Consulting LLP Aaron Kozmetsky, Chief Investment Officer, Wildcat Venture Partners BZMZ Interests Ltd. Jack Furst, Founder, KMS Ventures Don Stone Oak Stream Investors Gary Kusin, Investor, Retired, John Briscoe, Chair, BBA Advisory Board, 2018-19 John Stuart, Managing Partner, Mark Gibson, CEO, Capital Markets, Tom Kuzio, Senior Vice President, Little Elm Investment Co. Americas; Co-Chairman, Global Capital The Kuzio Group Inc. A NATIVE OF CORPUS CHRISTI, Texas, John Briscoe graduated from McCombs with a BBA in Sam L. Susser, President, Markets Board, Jones Lang LaSalle John Lancaster, Managing Director, accounting in 1981. He began his career in public accounting, working at KPMG and EY in Susser Holdings II LP LIFETIME MEMBERS Americas, Inc. Riverstone Holdings LLC Jeff Swope, Managing Partner, Corpus Christi. He also worked for Sparkman Enterprises Inc., an oilfield services, exploration, Brian Gladden, Chief Financial Frank Lee, Founder and COO, Champion Partners Ltd. Paul Aaron, Senior Managing Director, Officer, Mondelez International Inc. Cypress Asset Management Inc. and development company in Corpus Christi, as chief financial officer. In 1991, he relocated Charles Teeple, Chairman, Global Advisory, Evercore Partners John Goff, Founder and Managing Principal, Lance Loeffler, Executive Vice to Houston, joining Bariod Corp., which was acquired by Dresser Industries Inc. in 1994, and Teeple Partners Inc. John Adams, Managing Partner, Overton Holdings LLC Goff Capital Partners President and Chief Financial was controller for Latin America when he left in 1997 to join Ferrellgas Partners LP, the largest Ralph Thomas, Senior Vice President, Les Allison, President, Allison Interests Inc. Kim Goodwin, Board Director, Advisor, Officer, Halliburton Retired, Fayez Sarofim & Co. energy liquids provider in the United States. He was vice president of accounting upon leaving Louis Baldwin, Owner/Founder, and Private Investor, Popular Inc., Todd Maclin, Principal, Maclin Management Jere Thompson, President, Waco Bend Group PineBridge Investments LLC John Massey, Chairman, Investment in 2005 to join Transocean Ltd., the largest global offshore drilling contractor, where he was The Williamsburg Corporation Steve Ballantyne, President, Sue Gove, President, Excelsior Advisors LLC Committee, Neuberger Berman LLC vice president and controller. In 2011, he joined Weatherford International PLC as senior vice Mac Tichenor, Executive Director, Verde Oil Company Bob Graham, President, RHG Holdings LLC Joe Matlock, Executive Vice president and chief financial officer for the fourth-largest oilfield services provider with WWWW Foundation Inc. Howard Berk, Partner, MSD Capital LP Jody Grant, Chairman Emeritus, President, myARCworld.com Gifford Touchstone, Gifford Touchstone operations in more than 120 countries. In 2014, he joined Bristow Group Inc., the largest Teresa Binning Texas Capital Bancshares; Partner Scott Mattei, President, Mattei Holdings LLC & Company Realtors Lew Brazelton, Senior Vice and Senior Advisor, BankCap Partners Baker McAdams, Partner, provider of global helicopter services to the energy industry, as senior vice president and Peyton Townsend, First Vice President, Morgan Stanley Bob Greer, Chairman, Texas Gulf Bank Retired, Accenture chief financial officer until late 2015 when he retired. President, RBC Wealth Management

46 McCOMBS.UTEXAS.EDU DEAN’S REPORT 2019 47 Tom Turner, President and CEO, Ashley Loney Retired, First National Bank Whitney Mack “Our approach to being philanthropic is to have of Park Cities Angela Moras Lynn Utter, Chief Talent Officer, Angela Morisette a strategy and to focus our investments where they Atlas Holdings LLC Michael Pappert Peter Wareing, Partner, Retired, Mandy Price Wareing, Athon & Company Irene Puhala can have a pretty significant impact. We both believe George Watson, President and Owner, Jessica Rancher Steelecreek Management LLC Bethany Rolan helping people get access to education is the single Rad Weaver, Chief Executive Officer, Blake Rowling McCombs Partners Betty Salanic Gary Weed, Vice President and Sandeep Shah highest leverage and best ROI investment you can Downstream Controller, Retired, Chuck Turet Exxon Mobile Corporation Sean Waggoner make philanthropically.” Marty Wender, Owner, Charles Sai Yeluru Martin Wender Real Estate Jeff Duchin, Emeritus and Investments Erin Patten, Emeritus John Wilder, Executive Chairman, PHIL CANFIELD, who with his wife, MARY BETH, contributed Bluescape Resources Company LLC Ken Parekh, Chair, Ray Wilkins, CEO, AT&T Diversified MBA Advisory Board, 2018-19 Businesses, Retired, AT&T Inc. $20 million toward the newly renamed Canfield Business Honors Program. Del Williams, General Counsel, MBA ADVISORY BOARD KEN PAREKH RECEIVED HIS BS in electrical Hillwood, a Perot Company engineering from Rensselaer Polytechnic See “Year in Review,” page 5. Chris Wrather, Owner and Operator, Chair: Ken Parekh Institute in 1983 and his MBA from McCombs Cottonwood Ranch Vice Chair: Arthur Mills IV in 1987. He is the CEO and managing partner Liz Yant, Partner, Retired, Past Chair: K.D. Weitzel PricewaterhouseCoopers, LLP of Parekh Partners LLC, where he special- Peter Zandan, Global Vice Chair of Research, Peter Almond izes in talent development and executive Hill+Knowlton Strategies Matt Altenau coaching assignments for high technology Bob Zlotnik, Managing Partner, Chad Auler and professional services organizations in BZMZ Interests Ltd. Raul Calvoz Stephanie Carlton Silicon Valley. He has more than 25 years of Dan Carter experience transforming organizations with Erin Cast a focus on leadership development and inno- Danielle Crayton vation. He is an advisor to executives and BBA ADVISORY BOARD Stephanie Degen Michael Dellinger major organizations and has a strong history Chair: John Briscoe Erin Cast of achievement in growing businesses, Vice Chair: Maria Garate Carlos Dinkins strengthening organizational capabilities, Values Ambassador: Carrie Haden and building and leading high-performance Terese Everson Stacy Hock Past Chair: Brandi Kleinman Nida Kia teams. He has expertise in research and Kama Koudelka development, sales and marketing, finance Jim Allred Jim McMullan and IT, and all aspects of product and Benjamin Carpenter Ryan Nixon innovation lifecycle management. He also Cameron Chandler Todd Parsapour Brian Chou Brian Payne holds leadership roles on several corporate Lucas Cutler Mark Roberts boards and drives efforts on governance, David Druley J. Scott Rochelli strategic planning, succession planning and Joe Dubrof Susan Saurage-Altenloh fund development. Previously, Parekh was Kasey Dunn Lisa Simon Amy Enrione Doug Swanson Jr. a senior client partner with Korn/Ferry's Neal Golden Nicholas Vaughan talent acquisition group and was a partner David Hesser Steve West with Deloitte Consulting, where he founded Scott Hill Wendy Wheless their high technology practice with a focus Angela Johnson Kevin Zlotnik Barry Kobren Tom Mays, Emeritus on computer, software, semiconductor, Fauzul Lakhani Emily Reagan, Emeritus medical devices, and consumer electronics.

48 McCOMBS.UTEXAS.EDU www.mccombs.utexas.edu