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What's Your Problem? 292360.qxd:Layout 1 9/29/09 3:31 PM Page a What’s Your Problem? Identifying it correctly is essential to an effective management solution. PAGE 10 IN THIS ISSUE: A WINNING CHAIN REACTION 16 A CAPITAL RELATIONSHIP 18 292360.qxd:Layout 1 9/30/09 8:22 PM Page b FROM THE DEAN reetings from Olin Business world-class faculty brings its research- funds each year. Your gift helps ensure School, and welcome to the driven mind-set into the classroom, enabling that no qualified student has to turn down 2009-10 issue of OlinBusiness students to develop the well-honed critical- the opportunity to have a top-tier education. GMagazine. Our publication thinking skills needed to tackle today’s connects you with the people, ideas and business challenges. Students apply these lin remains in a strong position exciting things under way at Olin that bring skills in numerous experiential learning because of its people and the our mission — Create knowledge. Inspire opportunities — from ICE Week and progress they are creating, individuals. Transform business — to life. international internships to The Practicum Owhich you will read about in and Investment Praxis — where they master these pages. Enrollment numbers are As I travel around the world, it is my great the art of integrating critical thinking, strong, and the quality of our student privilege to tell others about the unique functional knowledge and collaboration body across all programs is at an all-time culture at Olin. All business schools skills to solve complex, unstructured, high. This fall, we welcomed students ground students in the basics — such as real-world business problems. We call this to our new specialized master’s degree accounting, economics and finance. But at process “research-driven thinking, applied,” program: the Master of Science in Supply Olin, mastering functional skills is just the and it is the organizing principle at Olin. Chain Management. We also are leading beginning. Here, it is not only what you It creates powerful insights, innovation the management of Brookings Executive learn but also how you think. Olin’s and results. That makes for an energizing Education in Washington, D.C. — part of Washington University’s recently announced academic partnership with “We call this process ‘research-driven thinking, the Brookings Institution. applied,’ and it is the organizing principle at You also will read about our exceptional faculty, including eight impressive Olin. It creates powerful insights, innovation individuals who joined Olin in July. Along with our other faculty members, they and results.” underscore to students that business revolves first and foremost around accountability and integrity. And you environment and a penetrating drive among will read about our restructured executive people here to “sign up” to new ideas and education programs, overhauled Web site get going. Ultimately, deep, dynamic thought and re-energized Weston Career Center is carried into the business world by our team, whose hard work is driving career alumni and faculty, inspiring change in indi- placement to impressive levels. viduals and organizations — a particularly important role for business schools to play These achievements are made possible in a challenging economy. by individuals, like you, who translate a personal connection to Olin into a he impact of the recession on transformative experience for others Olin is real: a tightening executive through their support. My deepest education market, decreased thanks to each of you for your past, Tmarket value of our endowment current and future involvement with Olin. and increased pressure on operating Together, we are moving forward at an expenses. I applaud Olin faculty and staff, accelerated pace. whose careful actions this past year reduced nonsalaried expenses by 10 percent. In addition, salaries With thanks and very best wishes, remained flat. Cost management alone, however, is not sufficient. The need for increased scholarship support for students is significant. An ambitious effort, “Opening Doors to the Future: The Mahendra Gupta Scholarship Initiative for Dean and Geraldine J. and Washington University,” aims Robert L. Virgil Professor to raise $150 million to support of Accounting and Management scholarships. Olin’s own Bob Virgil, dean from 1977 to 1993, is chairing the initiative. Nearly half of the business school’s undergraduates and full-time MBAs rely on scholarship 292360.qxd:Layout 1 9/29/09 3:36 PM Page 1 OLIN BY THE NUMBERS Number of Faculty Number of Students OlinBusiness Tenure/Tenure-Track 705 BSBA 57 Other Full-Time & 300 Full-Time MBA 16 magazine Visiting 395 PMBA Adjunct (Full-Time 142 EMBA-St. Louis 19 Equivalent) 99 EMBA-Shanghai 45 MS/Finance Other Stats Degree Programs 5 MS/SCM 9 Nondegree Programs 34 MACC 3 Research Centers 52 PhD 4 Alumni (Fall 2009) 17,293 Karen Branding, EMBA ‘03 FEATURES Associate Dean and Director of Marketing and Communications What’s Your A Capital Ann Sudekum Problem? Relationship Managing Editor Three professors’ award- Olin’s new partnership with Uche Onwuzurike, BSBA ‘11 winning research presents an the Brookings Institution Class Notes Editor innovative process for solving offers alumni and corporate WRITERS/PROOFREADERS business problems strategically. friends an insider’s view Andrea Mongler of government. Jill Pfeiffer Adrienne Wartts PHOTOGRAPHY Jon Furst Michael Jacob 10 18 Peter Krogh Geoff Story David Stradal A Winning Washington University Photographic Services Chain Reaction CONTRIBUTORS Olin responds to market Reva Broussard, BSBA ‘10 demand for the cutting-edge Leah Costantino, AB ‘97 research and highly trained Teresa Melton managers that create a com- Judy Milanovits petitive advantage through Lexie Walther O’Brien, MBA ‘90 Katie Roth-Wools supply chain management. Suzanne Shenkman, PMBA ‘06 Gloria Stukenbroeker A special thank-you to the faculty, staff, alumni and other friends who contributed to this publication. 16 CORRESPONDENCE ALSO IN THIS ISSUE Olin Business School Washington University in St. Louis Campus Box 1162 Newsworthy 2 One Brookings Drive Faculty Research & News 6 St. Louis, MO 63130-4899 www.olin.wustl.edu Alumni Connections 22 Class Notes 25 In Memoriam 32 Your Career 33 2009-10 // OlinBusiness 1 292360.qxd:Layout 1 9/29/09 3:37 PM Page 2 NEWSWORTHY “OPENING DOORS TO THE FUTURE” THE SCHOLARSHIP INITIATIVE FOR WASHINGTON UNIVERSITY Washington University’s sources. Graduate students board of trustees has also rely significantly on appointed Robert L. financial assistance from Virgil, former dean of their school and/or employer. Olin Business School, to chair a new university- “Scholarships transform lives, wide initiative to raise not only for students but for $150 million for society,” says Virgil. scholarships. “Washington University is a place where outstanding In establishing the students prepare to become scholarship initiative, leaders. Many deserving the board noted that students just need an Washington University opportunity to turn their must continue to recruit a diverse student extraordinary potential into achievement. body with the highest abilities, demon- Their future is our future — and a scholar- strated accomplishments and exemplary ship is an investment that benefits us all character while making every effort to for years to come.” Virgil is also a trustee meet each student’s financial need. of the University and retired partner in the St. Louis-based investment firm More than half of Washington University’s Edward Jones. undergraduate students receive some kind of financial assistance — totaling some “Opening Doors to the Future” will $66 million last year. Income from the help create more scholarships for both EMBA-Shanghai Best University’s endowment provided 17.6 undergraduate and graduate students. percent of that amount, and the rest came The initiative kicks off Nov. 7 and will in Mainland China from expendable gifts and other University continue through June 2014. Olin’s Executive MBA (EMBA) Program in Shanghai, a partnership between Washington University and Fudan University, retained its distinction as one of the world’s top 10 global executive MBA programs, ranking eighth worldwide and, for the third year in a row, first in mainland China, according to the 2008 rankings by the Financial Times. Salaries for Olin’s Executive MBA- Shanghai Program alumni ranked fourth in the world — a testament to the “continuing high demand for internationally trained professional managers in China,” Barry Diller says Patrick Moreton, associate dean and managing director of the EMBA- Shanghai Program. Olin Hosts USA Today CEO Forum Students in Olin’s EMBA-Shanghai He created Fox Broadcasting, he revived USA Today’s senior media reporter, David Program come from 35 countries and Paramount and he created an online Lieberman, AB ‘75. The forum took place represent numerous Fortune 500 empire that now includes Ask.com, before an audience of 300 students. The companies, including Coca-Cola, Expedia, Match.com and Evite. resulting USA Today article appeared in the Medtronic and Estée Lauder. Money section of the paper on April 29. Barry Diller, chairman and CEO of IAC/InterActiveCorp and chairman of Dean Mahendra Gupta says, “This was Expedia and Ticketmaster Entertainment, a unique opportunity for our students to came to Olin in April for USA Today’s 10th hear and exchange ideas with an interna- CEO Forum, which was moderated by tionally recognized leader.” 2 OlinBusiness // 2009-10 292360.qxd:Layout 1 9/29/09 3:37 PM Page 3 New
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