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What’s Your Problem? Identifying it correctly is essential to

an effective management solution. PAGE 10

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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

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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.”

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New Web Site Sparks Interaction

This spring, Olin launched an all-new “In today’s online environment, video is Web site designed to engage prospective key to authentic, impactful communica- students and stakeholders. In addition to tions,” says Karen Branding, EMBA ‘03, reshaping the old site’s look and feel, associate dean and director of marketing Olin rebuilt with Web 2.0 functionality to and communications. “From students to facilitate a more interactive information- faculty to alumni, our VideOlin initiative sharing experience. brings the Olin brand to life.”

Included on the new site are a variety Visit www.olin.wustl.edu or go to the of short, impactful videos featuring candid Olin Business School channel on student commentary about Olin and YouTube: www.youtube.com/user/ faculty discussing research, major current OlinBusinessSchool issues and Olin-focused topics.

New Degree Program Olin BSBA Students for Mastering Supply Develop Stand-Out Chain Management Competencies *UPCOMING: This fall marks the debut of Olin’s newest What behav- fyiOLIN specialized master’s degree program: iors do highly Master of Science in Supply Chain successful PARTNERS’ Management (MS/SCM). entry-level PROGRAM b-school This intensive, 36-credit-hour program hires demon- (OPP) equips students with state-of-the-art strate that knowledge and tools for designing and differentiate managing world-class supply chains. them in OPP Open-Enrollment Executive Students engage in experiential learning terms of job Education Seminars simulations, negotiation exercises and performance? Visit www.olin.wustl.edu/OPP for a case studies and also apply their skills and Olin posed that question to more than 30 complete schedule. knowledge in hands-on projects for companies in developing the comprehen- businesses, including corporate partners sive BSBA management development November 12, 2009 of Olin’s Boeing Center for Technology, course “The Olin Experience,” which BUILDING COMPETITIVE Information and Manufacturing (BCTIM). launched with last year’s freshmen. ADVANTAGE THROUGH STRATEGY The course now extends into the December 10, 2009 “Economic crises force all companies sophomore year. Designed to lay a LEADING INNOVATIVE TEAMS to look at ways to better control costs strong foundation, the course will follow and renew capabilities,” says Panos students throughout their entire BSBA January 20, 2010 & Kouvelis, Emerson Distinguished Professor tenure to build key competencies that February 24, 2010 of Operations and Manufacturing companies and graduates confirm CRITICAL THINKING Management, and BCTIM director. contribute most to job success: problem (TWO-DAY SEMINAR) “These days there is competition among solving, collaboration, professionalism April 1, 2010 supply chains, not just firms, and the and a focus on delivering results. FINANCE FOR NONFINANCIAL better chains will win.” MANAGERS “In today’s business environment, it See related feature story, “A Winning comes down to demonstrating relevance,” May 11, 2010 Chain Reaction,” on Page 16. says Jeff Cannon, associate dean and WOMEN’S LEADERSHIP SKILLS: director of undergraduate programs. “This STRATEGIC NEGOTIATIONS The new MS/SCM Program is the third continuous, systematic focus on manage- June 2, 2010 program in Olin’s specialized master’s ment competencies — coupled with the SOLVING THE RIGHT PROBLEM portfolio, which also includes the Master outstanding technical and functional of Science in Finance and the Master business skills instilled by Olin’s primary of Accounting. course work — equips our graduates to stand out in the marketplace.”

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NEWSWORTHY

*UPCOMING: fyiPMBA PROGRAM INFO SESSIONS

Professional MBA Program Information Sessions November 16, 2009, 5:30 p.m. December 10, 2009, 5:30 p.m. Nine students spent eight days in Budapest, the capital of Hungary, as members of the first PMBA Information Sessions are a Danube Venture Consulting Program, organized by Clifford Holekamp, senior lecturer in entre- great way to learn more about Olin’s preneurship at Olin. The students — including undergrads, PMBAs and full-time MBAs — PMBA program, meet admissions prepared consulting reports for Hungarian start-up companies looking to expand to international representatives, talk to current students markets. A Hungarian venture capital fund hosted the program. Pictured from left to right are: and get questions answered. Katie Medlin, Eileen Ke, Joanne Miller, Melissa Mammel, Ed Hendry, Chad Warren, Andrew Visit www.olin.wustl.edu/PMBA Warshauer, Jason Tarre and Hawkins Entrekin. for more info. OlinProDev Kouvelis to Lead Course Builds Executive Programs

Career Readiness Panos Kouvelis has been appointed to the newly created position of senior The Weston Career Center’s (WCC’s) associate dean and director of executive new professional development course, programs at Olin. The new position is OlinProDev, equips full-time MBA part of a strategic restructuring of Olin’s PMBAs Provide students with the career-management executive education programs to drive a Expertise to Missouri mind-set and skills needed for a success- highly synergistic and integrated approach ful internship and job search. A collabora- to this important portfolio. History Museum tion of Olin’s faculty, alumni, corporate recruiters and Olin’s career center team, In his new role, Kouvelis will be responsible A team of Olin PMBA students recently OlinProDev’s intensive, interactive for the strategic development and conducted a market research project to approach stengthens the relationship- programmatic effectiveness of Olin’s help the Missouri History Museum building, communication, résumé and Executive MBA Programs in St.Louis and identify ways to better reach its target interviewing competencies that help Shanghai, the Olin Partners’ Program audiences for youth and family programs. students stand out in today’s competitive executive education seminars, custom The team’s goal was to recommend career market. executive programs, and the administration tangible, low-cost ideas to increase of the Charles F. Knight Executive attendance, increase retention and “Students come to Olin with excellent Education and Conference Center. maintain/increase grant money. The experience,” says Mark Brostoff, associate project was coordinated through the dean and director of the WCC. “The Kouvelis has been an active and Taylor Community Consulting Program MBA adds to their knowledge and skills, respected member of the Olin faculty at Olin, which offers pro bono consulting and ProDev helps them polish their ability for 12 years. He is the Emerson services by Olin student teams to St.Louis- to sell themselves.” Distinguished Professor of area nonprofit organizations. Operations and Manufacturing OLIN Management and director of The Taylor Community Consulting Olin’s Boeing Center for Program is made possible by an Technology, Information endowment from the employees of and Management Enterprise Rent-A-Car in honor of company mastering the art of Career Readiness (BCTIM). founder Jack Taylor and his family.

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JIMMY DUNNE MERRY MOSBACHER JAI NAGARKATTI BARRY DILLER VICKI GONZALEZ NEWT GINGRICH THE COMPANY WE KEEP

The following is a partial list of individuals who addressed the Olin community in the past year.

Seth Abraham Maxine Clark Jeffrey Fox, MBA ‘88 Ray Keefe David Peacock, EMBA ‘00 Rex Singuefield Former President Chief Executive Bear CEO Vice President of President Director & Co-founder Madison Square Garden Build-A-Bear Harbour Group Manufacturing Anheuser-Busch InBev Dimensional Fund & Time Warner Sports Emerson Advisors Andrew Clarke, BSBA ‘93 Jeff Gentsch, MBA ‘86 William Peck Jason Amaral President & CEO Managing Director Rodney Kinzinger Alan A. and Edith L. Wolff Steven Smith Managing Director Panther Expedited Gentsch Capital Partners Office Managing Partner Distinguished Professor Director of the Murray Emeraldwise Services Deloitte & Director of the Center Weidenbaum Center on Jim Gidcumb, EMBA ‘93 for Health Policy the Economy, Government John Bachman Betsy Cohen Financial Adviser Ward Klein Washington University & Public Policy Senior Partner (retired) Vice President, Merrill Lynch CEO in St. Louis Washington University Edward Jones Sustainability Energizer Holdings in St. Louis Nestlé Purina PetCare Newt Gingrich Brit Pim, EMHS ‘00 David Bendeth 58th Speaker Charles Knight Vice President, Strategy & Chester Spatt Independent Music Dan Cohen U.S. House of Chairman Emeritus Business Development Former Chief Economist Producer & Former Senior Principal Representatives Emerson Express Scripts & Director, Office of Vice President Deloitte Consulting Economic Analysis RCA Vicki Gonzalez, MBA ‘90 Joe Levy Ken Poczekaj, EMOM ‘02 Jim Connolly, BSBA ‘86 President & CEO Editor U.S. Securities and Vice President, Global Exchange Commission Jim Berges President of Vaccines Nidus Center for Maxim Supply Chain Partner Pfizer Scientific Enterprise Emerson Randall Stephenson Clayton, Dubilier & Rice Michelle Lipchin, BSBA ‘07 Marvin A. Davis, Mary Jo Gorman, Business Analyst Chairman, CEO & President Kerry Preete, EMBA ‘99 AT&T Joe Blomker, EMBA ‘90 MBA ‘66 EMBA ‘96 Capital One Vice President, Commercial, CEO & President Consultant & Author CEO Branded Business & Jeff Stuerman, MBA ‘84 Maryville Technologies Marvin A. Davis Inc. Advanced ICU Care Richard Mahoney Distinguished Executive President, Roundup Division President Aaron Boyll, MBA ‘02 Mike DeCola John Graham in Residence Monsanto Edward Jones Trust Vice President, Corporate President & CEO Chairman Washington University Philip Purcell Jake Sturdy, MBA ‘02 Development Mississippi Lime Fleishman-Hillard in St. Louis President Senior Vice President Cequel III Former Chairman & CEO Mark Dehnert, MBA/ Hugh Grant Continental Investors Thompson Street Monsanto Capital Partners James Bullard EN ‘89 CEO, President & Chairman Jeffry Quinn President & CEO Managing Director Monsanto Greg Meier, MBA ‘98 Chairman, President & CEO Jim Theiss Federal Reserve Bank Goldman Sachs Vice President, Global Eric Greitens Solutia President & COO of St. Louis Supply Chain Centric Group Barry Diller Chairman & CEO Harbour Group Eric Ralph, MBA ‘00 Ron Burkhardt, EMBA ‘97 Chairman & CEO Center for Citizen Senior Vice President Bryan Torcivia, Executive Vice President IAC/InterActive Corp Leadership Whitaker Meyer Summit Strategies MBA/LW ‘85 & CFO Chairman President & CEO Drew Gross, BSBA ‘82 Vice President, Corporate Mitek Expedia & Ticketmaster Lockton Mo Riad, MBA ‘99 Development Entertainment Consultant Managing Director & Ralph Canter, EN ‘76/ Steve Miller, EMBA ‘02 The Monroe Group Thomas Hauser Senior Portfolio Manager MBA ‘79 Craig Doiron, PMBA ‘94 Senior Vice President & FAMCO (Fiduciary Mark Ventling, BSBA ‘83 Managing Director Corporate Vice President, Author of “Muhammad Ali: Chief Medical Officer, His Life and Times” Asset Management) Executive Vice President, KPMG Product Development Research & Clinical Services Business Development Emerson Carl Hausmann Express Scripts John Sabourin Tap.tv Linda Carli Corporate Controller Author, Social Psychologist Jimmy Dunne CEO Wade Miquelon, MBA ‘89 Bunge North America Bunge Bill Villalon & Faculty Member Senior Managing Principal CFO & Executive Vice President of Global Wellesley College Sandler O’Neill & Partners David Hopkins Vice President Richard Sandomir Contract Logistics & COO Walgreens Sports Television Columnist Product Development Ken Cella, EMBA ‘08 David Farr The New York Times Principal Chairman, CEO & President Wells Fargo Advisors Brad Morgan, MM ‘99 APL Logistics Edward Jones Emerson Holly Huels, PMBA ‘96 Director Global William Schnettgoecke, Frank Viverito Senior Vice President Supply Chain MM ‘01 President Manish Chandak, Jon Feltheimer Monsanto Vice President & Deputy, PMBA ‘03 Co-chairman & CEO Capital for Business St. Louis Sports Operations & Supplier Commission President Lionsgate Clay Hunter, BSBA ‘98 Merry Mosbacher, Management Quilogy Managing Director MBA ‘82 Boeing Jim Weddle, MBA ‘77 Joan Fernandez Principal Sandeep Chugani, Principal Harbour Group Managing Partner Edward Jones Robert Sherwood, Edward Jones EN ‘89/GB ‘91 Edward Jones Jesse Hunter, EMBA ‘06 MBA/MArch ‘79 Partner & Managing Jai Nagarkatti Tim Finchem Executive Vice President, Managing Director & Larry Weintraub Director Corporate Development President & CEO Co-founder Chairman Boston Consulting Group Commissioner Sigma-Aldrich PGA Tour Centene Pace Properties Weintraub Advertising Carol Clark Everett Neville Mark Shevitz, EMBA ‘88 Barry Weiss Vice President, Corporate Rob Forsyth Vice President, Pharma President President Chairman & CEO Social Responsibility Strategy & Contracting SJI BMG Label Group Anheuser-Busch InBev FKG Oil Express Scripts

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FACULTY RESEARCH & NEWS

Olin Business School is defined by the research-driven mind-set of its faculty, whose leading-edge scholarship advances business theory and practice. Our professors’ work is frequently published and widely cited in prominent academic journals. Recent examples are highlighted below.

LINGXIU DONG HILLARY ANGER ELFENBEIN RICHARD FRANKEL Associate Professor of Operations Associate Professor of Professor of Accounting and Manufacturing Management Organizational Behavior In his paper “Managing Reported In her paper, “Dynamic Pricing and “Do We Know Who Values Us? Dyadic Operating Cash Flow,” Richard Frankel Inventory Control of Substitute Products,” Meta-Accuracy in the Perception of found noncash working capital drops Ling Dong studies retailers that face a long Professional Relationships,” a paper significantly in the fourth quarter and is supply lead time and a short selling seaon. co-written with Noah Eisenkraft of the then subsequently reversed in the first Dong co-wrote the paper with Panos Wharton School at the University of quarter of the next fiscal year. This Kouvelis, senior associate dean and director Pennsylvania and Waverly Ding of the temporary decrease in fourth-quarter of executive programs; director of The University of California, Berkeley, addresses noncash working capital remains significant Boeing Center for Technology, Information a question at the center of our ability to after seasonal variation in the firm’s and Manufacturing; and the Emerson network: Can we tell what other people activity level, as proxied by quarterly Distinguished Professor of Operations and think of us? Past research on the topic contemporaneous, lead/lag sales and net Manufacturing Management, and Shanghai showed that we know in general how income, are controlled for. Consistent with University colleague Z. J. Tian. others see us — as intelligent or extroverted, capital market incentives to manage for example — but speculated that we reported cash flows, Frankel found firms Examining multiple factors affecting have a very hard time figuring out how attempt to beat benchmarks based on consumer choice over substitutes, the particular people think of us. The reason operating cash flow levels, changes and authors developed a formula to derive an is that such accuracy is achieved only forecast errors. Examining contracting optimal dynamic pricing policy. They accidentally — that is, people believe their incentives, he found that firms mentioning proved that dynamic pricing converges evaluations will be reciprocated by others, working-capital-related compensation to static pricing as inventory levels of all and when this assumption is valid, they targets have larger fourth-quarter working variates approach the number of remaining can introspect about their opinions of capital declines but that these declines are selling periods. Their extensive numerical others to infer others’ likely opinions of not more likely to reverse. study of the effects of time and inventory them. To the contrary, this empirical depletion on the optimal pricing reveals paper is the first to show that presuming two driving forces of the complex price reciprocity does not entirely account for behavior: 1) the level of inventory scarcity dyadic accuracy. This leaves open another and 2) the quality difference among theoretical mechanism for achieving products. They also compared the accuracy, namely that individuals are also performance of three restricted pricing able to read cues in their social landscape strategies: static, unified dynamic and in order to judge the unique impressions mixed dynamic pricing. They found that that they make on others. This finding has full-scale dynamic pricing is of great value important implications by suggesting JOSEPH GOODMAN in the presence of inventory scarcity and people have more insight into their own Assistant Professor of Marketing that initial inventory decisions are quite working relationships than previously robust in the pricing scheme employed in believed, and it has implications for how “Happiness for Sale: Do Experiential the selling season. we build our social networks. Purchases Make Consumers Happier Than Material Purchases?” examines whether consumers are happier when they spend their money on experiences, such as

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travel, as opposed to material possessions, indebtedness. Moreover, this increased managers’ BI on the part of black employees. such as automobiles. Joseph Goodman co- use of debt funding is higher with higher They also found a reverse in-group effect, wrote the paper with Julie R. Irwin and ownership by large institutional sharehold- in that black employees were substantially Leonardo Nicolao, both at the University ers. After examining several explanations more critical of black managers than were of Texas at Austin. Previous research for this behavior, Litov and John found non-black employees. indicates that individuals are happier if evidence that is consistent with entrenched they spend their money on experiences managers receiving better access to the as opposed to material purchases. The debt markets (in particular, better credit current research supports the experience ratings) and better financing terms. recommendation for positive purchase. The authors attribute this to the more However, negative purchase (e.g., a conservative investment policy that such disappointing sofa, a bad vacation) experi- managers pursue. In line with this finding, ences have no advantage over material the authors also document a positive stock goods and can sometimes decrease price response to the announcement happiness. The authors also show that of public debt issuances by managers STUART D. YOAK individuals adapt more slowly to experien- who are entrenched. Adjunct Professor of Professional Ethics tial purchases than to material purchases. Good purchases feel relatively worse and “Solidarity,” a book chapter Yoak bad purchases feel relatively better over co-wrote with Patrick Welch at Saint time, but this change is less extreme Louis University for “Economics and for experiences. Ethics,” questions whether the traditional model of business relationships, based on For marketers attempting to increase their Western economic thinking, can still consumers’ happiness, the research rein- function effectively in a diverse, interna- forces the importance of avoiding negative tional economy and whether this older experiences because consumers are likely JUDI MCLEAN PARKS model creates obstacles to growth. Today, to adapt faster to a product failure than an Reuben C. and Anne Carpenter Taylor businesses operate in a more culturally equivalent service failure. Professor of Organizational Behavior diverse and complex environment with widely varying practices and values. “Racial Differences in Sensitivity to Solidarity is an alternative model that Behavioral Integrity: Attitudal presents a new structure for business Consequences, In-Group Effects and based on a conception of partnership Trickle Down Among Black and Non- relations among all stakeholders. Partners Black Employee,” suggests that some — labor, management, investors, employee racial groups may be more customers, communities — working attentive to “behavioral integrity” (BI) than collaboratively make stable and sustain- others. Judi McLean Parks co-wrote the able commercial relations possible, LUBOMIR LITOV paper with Tony L. Simons, Cornell thereby enabling maximum business Assistant Professor of Finance University; Raymond A. Friedman, expansion. Partnerships demand reciprocity Vanderbilt University, Owen Graduate and a deep appreciation for the values that “Managerial Entrenchment and Capital School of Management; and Leigh Anne drive decisions in a dynamic, international Structure,” a paper Lubo Litov co-wrote Liu, Georgia State University, J. Mack marketplace. with New York University colleague Kose Robinson College of Business. John, shows how corporate governance mechanisms designed to align managers Using data from 1,944 employees working Faculty and shareholders have a variety of at 107 different hotels, the authors found important effects on financing decisions. that black employees rated their managers Research They show that the investment policy as demonstrating lower BI than did non- distortions that result from managerial black employees. Mediation analyses Review self-interest lead to higher levels of debt were consistent with the notion that these financing. Such a finding is of interest differences in perceived BI, in turn, High-quality because prior academic research has often accounted for cross-race differences in research is the come to the conclusion that managers trust in management, interpersonal justice, lifeblood of a great who are entrenched in their positions tend commitment, satisfaction and intent to research university. Olin takes great pride to avoid debt financing, as such financing stay. Results were consistent with the idea in the renowned research comes with more intense monitoring. that middle managers’ perceptions of productivity of its faculty members and their senior managers’ BI “trickle down” showcases their work in the Olin Business The authors found that firms that are to affect line employee perceptions of School Research Review. less vulnerable to takeovers (i.e., whose the middle managers and that this trickle- managers have more secure positions in down effect is stronger for black employees. Available online at www.olin.wustl.edu. the firm) actually use more debt finance The authors concluded that these results Click on Faculty & Research. and have higher subsequent levels of are indicative of heightened sensitivity to

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FACULTY RESEARCH & NEWS

Exceptional Faculty Olin to Host 2009 Olin Honored Through International Award Winners

Reid Awards Conference Professors Markus Baer, Kurt Dirks and Jackson Nickerson received the 2009 Olin Each year, Olin graduates select faculty A record 280 research papers from Award for their research paper “A Theory members they believe best demonstrate around the globe were submitted for of Strategic Problem Formulation.” The innovation, enthusiasm and inspiration Olin’s sixth annual Center for Finance Olin Award, which recognizes Olin faculty in the classroom — and honor these and Accounting Research International research that has the greatest potential to instructors with the Reid Teaching Award. Conference, Nov. 12-13 at the Knight advance business. The three professors Center. Twelve papers will be selected by shared a $10,000 honorarium. The awardees for the 2008-09 a committee of Olin faculty to guide lively academic year were: debate on a variety of important issues in Olin faculty members submitted 24 • Sergio Chayet, Senior Lecturer in corporate finance. The conference is also papers for consideration. The papers Operations and Manufacturing a strategic opportunity for leading were judged by nine national business Management researchers in finance to get to know executives and educators, who selected • Samuel Chun, Lecturer in Marketing Olin and the University. Baer, Dirks and Nickerson’s work as and Director, Custom Programs the winner (see related story, Page 11). • Thomas D. Fields, Senior Lecturer Thakor One of in Accounting Richard Mahoney, • Ronald R. King, Senior Associate Most Prolific Olin executive in Dean and Myron Northrop Professor residence and of Accounting Authors in Finance former chairman • Panos Kouvelis, Senior Associate Dean and CEO of and Director of Executive Programs; A new study of articles published in the Monsanto, Director of the Boeing Center for top seven finance journals since 1959 initiated the Technology, Information and places Anjan Thakor, senior associate award in 2008 to Manufacturing; and Emerson dean and John E. Simon Professor of promote scholarly Distinguished Professor of Operations Finance, as the fourth most prolific author research that has and Manufacturing Management of scholarly research in the area of finance timely, practical • Todd Milbourn, Professor of Finance over the last 50 years. applications • Jackson Nickerson, Frahm Family for complex Professor of Organization and The study, “Most Prolific Authors in management Strategy and Director of Brookings the Finance Literature: 1959-2008” by problems. Executive Education Jean L. Heck and Philip L. Cooley of St. • David Poldoian, Adjunct Professor of Joseph’s University and Trinity University, Entrepreneurship respectively, is based on articles published • Mark E. Soczek, Director of the Center by more than 17,000 authors. for Experiential Learning and Lecturer in Accounting • Jeroen M. Swinkels, August A. Busch, Jr. Distinguished Professor of Managerial Economics and Strategy

In addition to the Reid Teaching Award, there is the Reid Award for Scholarly Excellence. This award recognizes junior faculty members who have demonstrated consistent excellence in research and teaching and were recommended by a committee of senior faculty members.

The 2008-09 awardees were: • Markus Baer, Assistant Professor of Organizational Behavior • Radhakrishnan “Radha” Gopalan, Assistant Professor of Finance Martin Sneider, adjunct professor of marketing, is the first recipient of the William C. and Glenda L. Finnie Adjunct Faculty Fund Award, which recognizes exceptional adjunct faculty whose enthusiasm, teaching and business experience combine to inspire and energize Olin students. Pictured from left to right are: Jill Sneider, Martin Sneider, Bill Finnie, Glenda Finnie and Dean Mahendra Gupta.

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Olin Welcomes New Faculty Olin welcomed eight new faculty members to the Olin community in July, for a total of 27 new faculty members in the last two years.

Please join us in welcoming these outstanding individuals to the Olin faculty team. The newcomers bring the size of the faculty to 92: 32 tenured, 25 tenure-track, 16 other full-time and visiting, and 19 full-time-equivalent adjuncts.

AMITAY ALTER Relations, 2008, Cornell Previous experience: Assistant Professor of University assistant professor, Economics Research interests: social Southern Methodist PhD, Economics, 2010 status and group dynamics, University Dirks Participates (expected), Stanford group creativity and deci- in Global Forum University sion making, demographic M. DENIZ YAVUZ Research interests: effects on intergroup and Assistant Professor industrial organization, intragroup relations, of Finance Kurt Dirks, professor of organizational organizational economics, social categorization PhD, Finance, 2006, behavior, participated in the annual venture capital, Yale University European Forum Alpbach in Austria’s entrepreneurship DAVID MEYER Research interests: Tyrolian Alps in August. Dirks, who has Senior Lecturer in private equity, international done extensive research on the subject RAJEEV BHATTACHARYA Management corporate governance, of trust, was part of a six-person panel Senior Lecturer in Economics PhD, Geography, 1970, empirical asset pricing discussion on “Trust Between Individuals and Finance University of Chicago Previous experience: and States.” Dirks discussed the factors PhD, Economics, 1995, Research interests: assistant professor, that individuals look for in trusting University of Rochester financial networks in Asia, Arizona State University business and political leaders and the Research interests: Chinese business networks, power of negative components in politics. market efficiency and Asian business centers The session took place in front of an manipulation, impact of Previous experience: TWO FACULTY MEMBERS audience of nearly 400 European trades, public offerings, professor, Brown University RECEIVE TENURE business leaders, politicians, diplomats mutual fund fees, complex and university-level students. derivatives, insolvency and JOHN NORTON fraudulent conveyance Senior Lecturer in Marketing Olin Faculty in Previous experience: PhD, Management Science, principal, Law & Economics 1986, University of Texas the Media Consulting Group; associ- at Dallas ate principal, Charles River Research interests: diffusion Lingxiu Dong, Associate Over the past year, more than 125 media Associates; lecturer, of innovation, communica- Professor of Operations and outlets called on Olin faculty for expert Australian Graduate School tions, channel management Manufacturing Management opinion and analysis, including: of Management Previous experience: vice president, Connaught • Hong Kong Economic Journal on CYNTHIA CRYDER Group; COO, Wirthlin- international trade in the midst Assistant Professor Reynolds; associate of recession of Marketing professor, George Mason • CNNMoney.com on the increasing rate PhD, Behavioral Decision University; visiting assistant of bank failures Research and Psychology, professor, University Dmitri Kuksov, Associate • Fortune Small Business on making 2009, Carnegie Mellon of Chicago; assistant Professor of Marketing business more environmentally friendly University professor, University and improving inventory control Research interests: of Virginia ONE NEW PROFESSOR • U.S. News & World Report on how behavioral decision theory, EMERITUS experiential purchases can actually prosocial behavior, affect ELI SNIR make you happy and emotion, incentives, Lecturer in Management • Entrepreneur magazine on why being field and Internet research PhD, Operations and first to market with a new product isn’t methodology Information Management, always best 2000, University of • CBS’ BNET on managing multiple MICHELLE DUGUID Pennsylvania generations Assistant Professor of Research interests: Ambar G. Rao, Fossett Organizational Behavior economics of information Distinguished Professor For more media stories, visit PhD, Industrial and Labor systems, supply chain Emeritus of Marketing www.olin.wustl.edu and click on media. management, health care

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WHAT’S YOUR PROBLEM?

IDENTIFYING IT CORRECTLY IS ESSENTIAL TO AN EFFECTIVE MANAGEMENT SOLUTION.

For more than a year, seismic shifts in the global economy have Markus Baer, assistant professor of organizational behavior; sent shock waves through C-suites in companies around the Kurt Dirks, professor of organizational behavior; and Jackson world. According to Federal Reserve Chairman Ben Bernanke, the Nickerson, Frahm Family Professor of Organization and Strategy recession is probably over. Yet business leaders still face a slew of and director of Brookings Executive Education, explore this management challenges: how to survive tight credit, reduce costs phenomenon in their Olin Award-winning paper “A Theory of and increase earnings, make supply chains more efficient, and Strategic Problem Formulation” (see related story on Page 8). adapt to legislative or regulatory changes. “Reports on cross-functional teams dealing with high-stakes To find solutions to challenges such as these, leaders frequently problems are surprisingly consistent,” Dirks says. “Too often assemble cross-functional teams of key executives. Conventional these meetings can end with the group partitioned into competing wisdom, after all, dictates that diverse perspectives and objec- coalitions, limited agreement on necessary next steps and tives bring about better outcomes. But new research by three Olin emotions running high.” Business School professors reaches a different conclusion. Most teams don’t deliver anticipated results because group dynamics OlinBusiness Magazine talked with the authors about problem- prevent them from identifying the right problems to solve. solving pitfalls and their innovative process for getting teams to generate more productive solutions.

THREE COMMON TRAPS IN PROBLEM FORMULATION

By learning about these common traps, managers can understand why teams can flop at strategic problem formulation. THE INFORMATION TRAP THE KNOWLEDGE TRAP THE MOTIVATION TRAP

Conventional wisdom: Team members possess Conventional wisdom: Various mental models, Conventional wisdom: Diverse goals and differing information (information uncommon to perspectives or experiences should provide motivations should help different interests be the other team members) that, if revealed, insight into different causes of the problem and represented, which ensures a comprehensive should allow for a better understanding of the allow for a more comprehensive understanding solution and speeds implementation. many facets of complex problems. of the situation. The reality: Diverse goals and objectives morph The reality: Discussion converges on informa- The reality: Tunnel vision (the tendency into political maneuvering and attempts at tion held in common by team members, as to focus narrowly on one’s own knowledge dominance or willingness to acquiesce by group opposed to the uncommon information, so and perspective) and communication barriers members, which limits comprehensiveness of the facets of the problem remain hidden. (difficulty in communicating across functional solution and cripples implementation efforts. areas, for example) limit integration of different perspectives and ultimately breed conflict and distrust. 2009-10 // OlinBusiness 11 292360.qxd:Layout 1 9/29/09 3:42 PM Page 12

WHY IS STRATEGIC PROBLEM FORMULATION Here’s why this happens: There is a Obviously, we weren’t part of their CRITICAL TO BUSINESS SUCCESS? natural tendency for team members to meetings, and more time must pass Baer: Let’s start with some context. focus on aspects of the problem that before their responses to the financial Albert Einstein said, “The formulation directly affect them, rush to provide crisis can be evaluated fully. It’s fair to of a problem is often more essential than solutions, embroil themselves in internal say, though, the team appeared to its solution…” Business problem solving, politics and, consequently, spend little battle one flare-up at a time and however, has been more art than science. or no time defining the problem itself. repeatedly cycled back to reformulate In fact, a study of large U.S. companies Consider the savings in time, money and the problem. Their singular explanations, found 75 percent of high-potential teams resources if organizations solved the right in lieu of a more comprehensive solve the wrong problem and have to problem the first time. approach, may have worsened the start over again. Cycling back sparks situation. opportunity costs and delays. As a result, WHAT LED TO YOUR COLLABORATION? fighting fires becomes a common Nickerson: My work on Olin’s critical- WHAT RED FLAGS INDICATE TEAMS MAY BE response to strategic challenges. thinking initiatives got me thinking SOLVING THE WRONG PROBLEMS? about the biases people bring to decision Dirks: There are several: a solution Dirks: The plaque of Olin’s namesake, John making. So I appealed to these gentlemen appearing early in meetings; meetings M. Olin, in Simon Hall has a quote that’s and tried to coerce them into joining me consumed by debates on competing similar to Einstein’s: “Once the problem is in the subject research. solutions; a few team members dominating known, the solution suggests itself.” Olin’s conversations and others acquiescing; statement fits nicely with what we’re saying. Dirks: One of Olin Business School’s conflict among team members; eagerness unique features is its emphasis on to end meetings; emotional investment Markus references the large percentage learning and collaboration across in a particular solution; and, most important, of teams who solve the wrong problems. disciplines. Jackson covers strategy; failure to ask, “What problem are we Markus and I bring expertise from trying to solve?” organizational behavior (OB). Although the topic of problem solving has a strong YOU’VE IDENTIFIED SOME TRAPS TO PROBLEM foundation in OB research, what got me FORMULATION. TELL US ABOUT THEM. excited about our work was that two Dirks: We’ve identified three traps groups UPCOMING: * big issues seem to have been overlooked often encounter when addressing strategic fyiEMBA in business literature and practice: the problems: the information trap, knowledge process by which problems are clearly trap and motivation trap. Individually and EVENTS defined and the process by which teams collectively, these traps can bias, limit or ACCELERATE reach effective solutions. encourage skipping over problem formula- YOUR CAREER tion. At best, this results in an incomplete Baer: I study creativity and innovation. solution. The worst-case scenario is that Consider Olin’s Executive MBA (EMBA): In all the research I’ve done and all the teams solve the wrong problems. • 20-month program includes an inter- literature I’ve read, I’ve found that few national residency to give students a people consider the nature of a problem. Baer: The information trap is all about global perspective on business Outcomes are heavily influenced by how how people communicate. There’s an • GMAT/GRE scores considered teams define initial problems. This collab- assumption that cross-functional team but not required oration was an opportunity to move members exchange diverse information, • Two convenient formats to problem solving in a different direction. enabling them to establish superior fit your schedule solutions. Instead, our findings show they Nickerson: In the field of strategy, problems spend a lot of time discussing information INFORMATION SESSIONS have been assumed and theories have they have in common. The relevance of November 17,2009,6 p.m. been developed around solutions. There other information isn’t easily recognized December 16, 2009,6 p.m. hasn’t been much insight into how to and usually is dismissed. Consequently, January 21, 2010, 6 p.m. formulate the problem in the first place. teams come up with solutions that are More or less, what we’ve been saying to mundane and easy to agree on rather PROGRAM PREVIEW people is: “Here’s a hammer. Here’s a nail. than innovative. January 9, 2010, 9a.m. Go fix the problem.” Nickerson: The knowledge trap reflects SPRING INTAKE STARTS Dirks: Our research goes beyond theory another misconception: that participants’ April 11, 2010 to practice. We’ve taken something varying perceptions and abilities deepen conceptual and drilled it down into a the group’s comprehension of company Call 314-935-EMBA, e-mail emba@ process executives can implement. challenges. In reality, most individuals wustl.edu or visit www.olin.wustl.edu/ have tunnel vision based on their own emba. GIVE US AN EXAMPLE OF INEFFECTIVE experiences. PROBLEM SOLVING. Baer: In our article, we refer to the Dirks: Group members can end up talking high-profile team of Henry Paulson, past one another, which breeds conflict Ben Bernanke and Timothy Geithner. and distrust and severely constrains

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problem formulation. This precludes the development of comprehensive solutions.

Baer: A third mistaken belief is that team members’ diverse motivations ensure assorted interests get represented, speed- ing up implementation after a solution is selected. Unfortunately, the motivation trap often morphs into two of the most MARKUS BAER KURT DIRKS JACKSON NICKERSON pervasive and problematic aspects of problem formulation: political maneuvering Assistant Professor of Professor of Frahm Family Professor of and dominance/acquiescence behavior. Organizational Behavior Organizational Behavior Organization and Strategy Both limit the search for solutions and and Director of Brookings cripple implementation efforts. Executive Education

Some team members have strong personalities, or they have career goals at stake. So they try to dominate group “Once the problem is known, discussions. Others don’t and cede their positions easily. In addition, we’ve found that few team members are motivated to the solution suggests itself.” spend time and effort on the problem, and they buy into the first solution that sounds - JOHN M. OLIN good. The motivation trap amplifies the information and knowledge traps because team members are acting in their own out what the elephant in the room looks yes, these are the symptoms, and yes, self-interests. like and is critical to their ability to these are the causes. And since they’ve avoid the information, knowledge and coalesced around a common goal, This makes the situation worse. If a team motivation traps. establishing and implementing solutions member is perceived as advancing his becomes much easier. or her own cause, other members may Nickerson: Only after group members withhold relevant information to let him develop a comprehensive set of symptoms Baer: Executives must allot time for teams or her go down with the ship. Another can they move to the next phase, which to work through the process. Moving common scenario is that individuals enables them to figure out why the quickly, each phase can be implemented withhold information they believe could elephant looks like it does. in about half a day. Taking the framing, hurt someone else. formulation and solution phases together, Dirks: Let me run through the process the entire process probably can be SO HOW CAN TEAMS AVOID THESE TRAPS? briefly. Step 1 is framing the problem to executed in a day and a half. Keep in Dirks: We’ve developed an eight-step gain group agreement on the ground rules. mind, this estimate doesn’t account for Strategic Problem Formulation Process Step 2 is locating a web of symptoms stakeholder responses to consensus- (see the chart on Page 14). To implement using the modified Nominal Group based documents that validate symptoms it successfully, executives ensure their Technique. This method requires each and causes. So we recommend spreading leadership team commits to the process team member to write down all the out the phases. and provides an initial symptom to anchor symptoms he or she believes correlate and launch the inquiry. In many situations, with the initial symptom that launched Dirks: Several factors compensate for time it can also be beneficial to bring in a the inquiry and share them with the spent on problem formulation. First and neutral facilitator to manage the process. group in a round-robin fashion. Step 3 is foremost, it helps teams solve the right documenting the team’s collective web problems without the need to cycle back. Nickerson: For instance, a company that of symptoms and citing support for Ben Franklin’s adage is apt: “An ounce of wants to build organic growth could begin each symptom in appendices. Step 4 prevention is worth a pound of cure.” with the observation “Our breakthroughs is distributing the document to a set of Equally important, the process speeds are few and far between.” A firm struggling stakeholders who verify or reject each implementation efforts down the road. with poor operating performance might symptom with data, not opinions. Steps start with “Our quality is inferior to 5 through 8 repeat steps 1 through 4, Nickerson: I’d like to emphasize that our competition’s.” looking for the causes behind the process should be reserved for complex, symptoms. unstructured, high-priority challenges — Dirks: To be clear, a symptom is an in other words, issues that have a lot of indication of a disorder or opportunity Nickerson: What happens when team moveable parts and no off-the-shelf and shouldn’t be confused with a root members get through this process is solutions. Executives probably can’t cause, which is the mechanism that magic. They’ve developed trust because justify the opportunity costs of the creates the symptom. Identifying they’ve shared information. Bottom line, process for simple problems or problems symptoms helps group members figure they’ve come to an agreement that that have obvious solutions.

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8-Step Process Strategic Pro for Strategic Problem Formulation

FRAMING PHASE — STEPS 1-4 FORMULATION PHASE — STEPS 5-8

Gain collective agreement on Gain collective agreement on the ground rules for identifying the ground rules for identifying 1 symptoms. 5 root causes. key elements: Identify symptoms, not key elements: Formulate causes, causes and solutions not solutions function: function: Avoids leaping to solutions Avoids leaping to solutions WILLIAM CANFIELD, MBA ’62 before common goals are established President talx St. Louis Use the modified Nominal Group Use the modified Nominal Group Technique to collect a list of the William Canfield has a favorite Technique to collect a web of 6 root causes of a web of symptoms. statement that he uses often 2 correlated symptoms. Each team Each team member writes down all root during meetings: “Folks, there’s member writes down all the symptoms he causes he or she believes produce the always a bigger picture.” The or she believes correlate with the initial web of symptoms and shares them reminder, he says, “gets us out symptom that launched the inquiry with the group in a round-robin fashion. of the weeds and elevates and shares them with the group in a our discussion.” round-robin fashion. key elements: Individually identify key elements: Identify correlated causes, and then discuss them Canfield and his executive team symptoms, and then discuss them function: Maximizes information have spent more than 10 years function: Maximizes information exchange, limits dominance, fosters honing what they call VOC exchange, limits dominance, fosters development of common language (voice of the customer). “We’re development of common language 100 percent focused on our clients’ best interests, and that mind-set has become part of Write down the team’s collective our company DNA. Consequently, Write down the team’s collective web list of root causes, and cite support effective problem solving is of symptoms, and cite support for 7 for each cause in appendices. critical to everything we do,” 3 each symptom in appendices. key elements: he says. Reach consensus and key elements: Reach consensus produce a summary document of What happens when organiza- and produce a summary document the causes tions don’t formulate the right of the symptoms function: Integrates knowledge, problems? “Executives make function: Integrates knowledge, develops common goals, limits political short-term decisions that eat develops common goals, limits and trust concerns them up afterward, build political and trust concerns wheelbarrows when they need skyscrapers, create stress and animosity among their peers, Distribute the document to a set of and generate unattractive Distribute the document to a set stakeholders who verify or reject financial results,” Canfield says. of stakeholders who verify or 8 each cause with data, not opinions. 4 reject each symptom with data, key elements: Distribute document A few months ago, one of TALX’s not opinions. to relevant stakeholders, and revise large clients and vendors wanted key elements: Distribute summary formulation document to reduce its expenditures with document to relevant stakeholders, function: Verifies comprehensiveness the company without cutting and revise symptom document of causes, maximizes input back on the services TALX pro- function: Verifies comprehensiveness vided. “We reframed the problem of symptoms, maximizes input and came back to them with a better solution: ‘We’ll give you more business,’” Canfield says.

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LYNN GORGUZE, PMBA ’86 ADAM STANLEY, BSBA ’95 TRACY ROE HAFFNER, WENDELL JONES, MBA ’78 President & CEO Global Chief AB/MBA ’92 Financial Consultant cameron holdings Technology Officer Vice President, Global San Francisco San Diego aon Fragrance & Strategic Alliances Chicago avon products During his years in the C-suite Lynn Gorguze says the new New York and as an independent consultant, research on strategic problem “We make thousands of decisions Wendell Jones has had a lot of formulation has “given me every day at Aon, most of them The professors’ research has experience with cross-functional something to think hard about. rapidly,” Adam Stanley says. “So enormous implications for team decision making. Group members do tend to talk I find the professors’ research on business, Tracy Roe Haffner about things they have in strategic problem formulation says. "Defining the right problem “Internal politics often end up common rather than explore extremely interesting. can change companies’ frame leading the discussions,” he unique information. So it of reference. Think about when says. “People spend too much would be helpful for teams to “What immediately comes to Ted Levitt pointed out that time fighting for their fiefdoms. recognize this proclivity and dig mind are decisions many railroad companies had Consequently, they miss the big deeper into members’ different companies made during the incorrectly assumed they were picture and solve smaller and perspectives. past several months. When the in the railroad business rather simpler problems rather than the economy turned south, cost than the transportation business.” more important ones. “I also like the idea of using a reductions — like layoffs, salary facilitator who’s not the company freezes and deferred purchasing The consequences of cycling “Baer, Dirks and Nickerson’s president, CEO or a key stake- — were immediate solutions. back on problem solving can be conclusions make perfect sense holder. People bring certain But what if executives had negative, she adds. “Executives to me, particularly in light of biases to the table. An impartial identified this problem: ‘We may lose footing in the market- what has transpired financially group leader can tease out don’t have a business model place. They may be too late; the in recent times. The problem for experiences and ideas individuals flexible enough to go with the competition has moved forward many companies was that their might not share otherwise.” market?’ Their solutions would with a new product or service. markets changed overnight. have been fundamentally Their organization’s image may Instead of troubleshooting The professors’ eight-step different. be damaged. And their credibility day-to-day crises, their execu- process would “shorten the time may take a hit internally tives should have been asking frame for problem solving by “Business leaders need to create because it’s hard for manage- this question: ‘Does it make bringing important issues a culture that values effective ment to feel good about their strategic sense to stay in this to the forefront,” Gorguze problem solving,” Stanley says. leadership.” business’ given the current says. “And that’s a decisive “I particularly like the recom- economic climate?’” advantage in a competitive mendation of having each team Baer, Dirks and Nickerson have global marketplace.” member write down symptoms given teams “the tools to stay Jones has been a consultant for and causes independently. That disciplined and not leap ahead KPMG and Arthur D. Little; Cameron Holdings acquires, neutralizes the extrovert/intro- to solutions,” Haffner says. “I and a chief financial officer for operates and grows middle- vert dynamic, enabling groups to can see how a group member a biotechnology and two market manufacturing, industrial get to a better result.” with a strong personality could medical device companies. service and value-added cause quieter individuals to He currently works in his own distribution companies in Aon provides risk-management sit on valuable information. private consulting firm. North America, Europe and services, insurance and reinsur- When all members of the table Australia. Since it was started ance brokerage, and human- participate equally, they’re more “Establishing the professors’ in 1978, the firm has completed capital consulting to clients likely to uncover key drivers strategic problem formulation 35 transactions, and its aggre- around the world. The firm that would have gone unnoticed process would enable business gate transaction values exceed operates in 120 countries and previously.” leaders to get more positive $1 billion. has nearly 40,000 employees. outcomes from team meetings,” he says.

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No matter how »»»»»»»»»»»»»»»»»»»»»»»»» brilliant their R&D, innovative their product lines or strategic their sales and marketing efforts, busi- »nesses won’t flourish unless they can A move raw materials, work-in-process inventory and finished goods efficiently and cost-effectively. Any change or disruption in the flow of items — from the WINNING point of origin to the point of consumption — can create reactions that reverberate across the supply chain. Here are a few disruptions that have affected supply chains lately: roller-coastering commodity CHAIN prices, the global recession, the H1N1 pandemic and Somali pirates’ seizures of ships in the Indian Ocean. REACTION Add to these circumstances the uncertain- ties posed by prospective regulations. For instance, participants in the United Nations Climate Change Conference this December are expected to generate an international agreement on reduced greenhouse gas emissions. The accord could have a significant impact on supply chains in industrialized and rapidly » Some of the world’s leading developing nations. companies turn to Olin for Not surprisingly, supply chain manage- ment is attracting a lot of attention these days. And a growing number of cutting-edge supply chain faculty companies are turning to Olin Business School for expertise and guidance. research, best practices and hires Connecting With Business What do they get from a partnership trained in the complexities with Olin? Access to pioneering research developed specifically for their business of the field. and industry, practical business models, insights from faculty renowned for its cutting-edge work in supply chain management, and intelligent new hires who understand the complexities of the field — such as sourcing, conversion, risk management, procurement and channel- partner collaboration.

The point of entry is The Boeing Center for Technology, Information and Manufacturing (BCTIM). One of Olin’s four research centers, its mission reflects the school’s strategic priority to expand the intersection of faculty, students and business. BCTIM fosters interaction between industry and academia, an open exchange of ideas and best practices, and the development of invaluable applied- learning opportunities for students.

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BCTIM was founded in 1997 as part of a Kittner, Olin’s director of corporate work on applied-learning projects on $10 million gift to Washington University relations, says companies’ reactions to timely supply chain issues for BCTIM’s from the McDonnell Douglas Foundation. center initiatives have been outstanding. corporate partners. Shortly thereafter, Boeing acquired McDonnell Douglas. Boeing wholeheart- “Seeing our vision for BCTIM become Representatives from Emerson, Boeing, edly continued the support of the center, reality is immensely gratifying — and it’s Bunge, Express Scripts, Deloitte which was named in its honor. a testimony to Olin’s leadership in supply Consulting and other companies offered chain management. Taking a broader view, input on program content and skill “Our primary focus is applied research,” BCTIM provides a great venue for us to development for students. says Panos Kouvelis, senior associate deepen relationships with our corporate dean and director of executive programs, partners, which has positive implications “They’ve responded enthusiastically to BCTIM director, and Emerson Distinguished for all areas of the business school. our requests,” Kouvelis says. “And the Professor of Operations and Manufacturing upcoming appointment of an MS/SCM Management. “We started by examining a “A terrific example is Express Scripts,” advisory board composed of supply chain broad umbrella of technology, information, she adds. “In the past year, the company executives from companies like these manufacturing and supply chain issues. Over time, we realized companies that outsource substantial parts of their activi- “We use direct input from our corporate ties are interested not only in optimizing their own processes but also in interacting members to prepare a new generation of more productively with their global suppliers and distributors. In other words, supply chain experts who in turn will help firms were looking to enhance their global enterprise processes.” their organizations prosper and expand.”

As a result, BCTIM sharpened its focus on global supply chain, logistics, and enter- has hosted a special recruiting event for will provide us with continuing program- prise integration and risk management. students interested in becoming supply execution feedback. chain managers, had members of their Besides research, BCTIM sponsors organization serve as presenters for the “In my opinion, the applied-learning seminars and conferences. The center center’s first industry conference, and project is the most important component also works with businesses and Olin pursued Olin students for internships of the program,” Kouvelis says. “It’s one faculty and students on Practicum con- and full-time positions. Express Scripts thing for students to hear about supply sulting projects. In 2008, Kouvelis and also sponsored a related Practicum project.” chain theories and approaches during a his staff invited companies to become class lecture, another for students to face corporate members in exchange for their Tomorrow’s Experts operational problems firsthand. Working contributions to the center. Memberships Soon, companies such as Emerson and on the project builds students’ confidence enable supply chain leaders to engage in Express Scripts will be able to hire business and abilities.” roundtable discussions with Olin faculty school students who are trained in all on current challenges and the process aspects of supply chain management. Olin Teams of Olin BSBAs, MBAs and PhDs for reaching effective global supply chain launched its Master of Science in Supply collaborate with faculty supervisors and and logistics solutions. Chain Management (MS/SCM) Program company representatives. The projects are this fall. According to Gary Hochberg, a win-win situation for everyone involved. “Today’s business environment places director of specialized master’s programs, Students gain important skills. Companies enormous stress on a supply chain,” says the intensive 12-month curriculum “gives receive cost-effective consultation and Ken Poczekaj, EMOM ‘02, vice president, students in-depth exposure to cutting- execution, along with the chance to global supply chain at Emerson. edge thinking in the field and its preview talent. And Olin faculty members “Fluctuating raw material costs, supplier applications to business.” acquire a much better understanding of performance and multiple-location each firm’s unique challenges and goals. sourcing are a few of the elements we’ve Hochberg says the MS/SCM Program addressed with Olin. Our membership was developed in response to increased “We can sense what the market wants in BCTIM has created real value for our market demand for supply chain profes- and needs because the market interacts organization by helping us streamline sionals. The program encourages students with us in a live fashion,” Kouvelis says. processes, rationalize our supplier to develop a cross-functional management “Consequently, there’s a synergy between management and reduce inventory.” perspective; teaches students advanced BCTIM and the MS/SCM Program. technological tools for designing and We use direct input from our corporate In addition to Emerson, BCTIM’s corpo- managing supply chains; and employs members to prepare a new generation rate members are APL Logistics, Boeing, interactive learning techniques, such of supply chain experts who in turn Covidien, Express Scripts, MEMC, as experiential games, Web-based will help their organizations prosper Monsanto, Renesas Technology and simulations of complex global supply and expand.” Solutia — a list Kouvelis and Dorothy chains, negotiation exercises and case- Kittner, MBA ’94, are working to expand. study evaluations. In addition, students

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A CAPITAL RELATIONSHIP Washington University and the Brookings Institution work together on an innovative array of programs and initiatives.

As part of a bold new academic partner- 1924, and in 1927 it was combined with and securing a more open, safe, prosper- ship announced this spring, Washington IGR and a third organization to form the ous and cooperative international system. University in St.Louis and the Brookings Brookings Institution. Institution — an independent, nonpartisan An Insider’s View of Government think tank based in Washington, D.C. — “Our historic ties are the foundation for As part of the agreement between the are collaborating on research, educational significant educational and scholarly University and Brookings, Olin Business and applied-learning opportunities for programs that will enhance the mission School assumed management of faculty, students and executives. Areas of both Brookings and Washington Brookings Executive Education. Jackson of cooperation are far-reaching: joint University,” Wrighton says. Nickerson, Olin’s Frahm Family Professor programs; a scholar-in-residence of Organization and Strategy, is the newly exchange program; student internships Brookings generates and disseminates appointed director of Brookings Executive with Washington, D.C., firms and research that shapes public policy. The Education in Washington. government agencies; and leadership institution’s work focuses on three goals: development. In addition, University strengthening American democracy; Brookings Executive Education offers Chancellor Mark Wrighton says the fostering the economic and social welfare, seminars, open-enrollment programs, partnership will help the University grow security and opportunity of all Americans; custom programs and other initiatives its McDonnell International Scholars for business and government leaders. Academy; Gephardt Institute for Public Courses and lectures examine world order, Service; and energy and environment, the U.S. democratic process, and the skills public health, and health policy programs. “The partnership required to lead people and organizations in the 21st century. Faculty and guest The alliance, which became official July 1, offers Washington speakers are some of the globe’s brightest is a reunion of sorts. The two institutions minds and most influential policymakers. have a common patron: Robert Brookings, University’s They provide diverse perspectives, a St.Louis businessman and member of informed opinions and practical tools the University’s governing board from 1891 alumni and for the implementation of new ideas. to 1928. After co-founding the Institute for Government Research (IGR), the forerun- corporate friends In addition, Brookings Executive Education ner of the Brookings Institution, in 1916, offers Legis Congressional Fellowships, Brookings established the University’s an insider’s view which allow select individuals to spend Graduate School of Economics and up to one year working with a specific Government in Washington, D.C., in 1923. of government.” member of Congress; Food For Thought It became independent of the University in dinners, where individuals discuss specific policy proposals or recommendations;

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Brookings Executive Education A Partnership of the Brookings Institution andWashington University in St. Louis

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UPCOMING and one-day workshops on women’s bring leadership, strategic problem-solv- leadership. ing and managerial decision-making tools BROOKINGS EXECUTIVE EDUCATION PROGRAMS to the table. “Understanding how govern- Each year, approximately 2,500 profes- ment works is smart business. And adopt- NOVEMBER 2009 sionals from more than 175 companies ing best business practices is smart gover- 2-6 Innovative Business Practices and federal government agencies — nance,” he continues. “Change isn’t driven 5 Resilience in Leadership: Thinking Your including State Farm, Boeing, Caterpillar, only from the C-suite. Brookings Executive Way to Greater Success Exxon, the National Institutes of Health, Education provides an excellent forum 16-18 Inside Washington: Understanding the the Social Security Administration and the for executives and midlevel managers to Governing Process Department of Defense — participate in acquire skills and knowledge that help Brookings Executive Education courses them create value for society. DECEMBER 2009 or programs. 2-4 Leading With Integrity: Ethics in Action “Each new U.S. administration, looking to 8 Women’s Leadership Workshop “Our goal is to introduce businesspeople leave its mark on history, puts an agenda 8-9 U.S. National Security Policy Issues: and government officials to a broad forward,” Nickerson says. Leaders across Defense, Terrorism, Nuclear Weapons, Iraq, Middle East JANUARY 2010 “Brookings Executive Education provides 4-15 Legis Fellowship Orientation an excellent forum for executives and FEBRUARY 2010 8-12 Inside Congress: Understanding the Legislative Process midlevel managers to acquire skills and 10 Women’s Leadership Workshop knowledge that helps them create value MARCH 2010 1-3 Leading With Integrity: Ethics in Action for society.” 8-10 The United States and the European Union: Issues and Challenges 16 Innovative Business Practices spectrum of domestic policy issues as America must learn to navigate the for the Public Sector well as to the fast-moving dynamics of political landscape ethically and effectively Inside Congress: Understanding the the world stage,” says Mary Ellen Joyce, to make their organizations — and the Legislative Process – Congressional director, executive programs at Brookings country — stronger. Oversight Executive Education. “We help leaders Inside Washington for International identify emerging problems and uncover Many Brookings Executive Education Businesses – Executive Branch, Politics, solutions so they can better serve their participants are U.S. government the Presidency, U.S. Politics, the organizations and society.” employees preparing for the Senior White House Executive Service (SES), a corps of Inside Washington: Understanding the “The partnership offers Washington top-level executives who oversee Governing Process – Executive Branch, University’s alumni and corporate friends government activity in most federal Washington, D.C. an insider’s view of government,” adds agencies. Brookings Executive Education Leadership Lab Olin Dean Mahendra Gupta. “The also provides advanced leadership 16-18 The Executive Summit information and insights they gain from training for SES professionals. 25 Resilience in Leadership Brookings Executive Education can profoundly facilitate their decision “During my trips to D.C., I’m constantly making and, as a result, the success reminded of what it means to be a of their companies.” public servant,” Nickerson adds. “These individuals have dedicated their lives to Creating Value for Society the promotion of freedom and democracy. Most Tuesdays, Nickerson flies to And that inspires the business and Washington for meetings with Brookings government executives who come through faculty and staff and representatives Brookings’ doors. Their take-aways from from government agencies. the experience are increased knowledge of government operations and systems as “Olin’s research excellence well as greater appreciation for the rights complements Brookings’,” these systems defend and protect.” Nickerson says. “Brookings

scholars are experts in To enroll or for more information, go

government and policy. Olin faculty to www.brookings.edu/execed.aspx. » MARY ELLEN JOYCE director, executive programs, Brookings Executive Education 292360.qxd:Layout 1 9/29/09 3:46 PM Page 21 292360.qxd:Layout 1 9/29/09 3:46 PM Page 22

ALUMNI CONNECTIONS

Scholarship Support Olin Alumni Recognized for Success and Service

Is Rewarding An award-winning choreographer, an accomplished bank president, an experienced It has been 41 years investment banker and the president of America’s legendary brewer were among since I received my the honorees at Olin Business School’s 2009 Alumni Awards presentation, held Olin MBA and 24 April 22 at the Ritz-Carlton Hotel in St.Louis. More than 500 alumni, faculty and years since my uncle, friends attended the ceremony. (Frank Bush, BSBA ‘30), persuaded me Four alumni were honored with the Sally H. Roth, EMBA ‘95, is president of to become more active in supporting our Distinguished Alumni Award for outstand- Regions Bank’s Upper Midwest Area, school. The progress that has occurred in ing professional success: which includes Missouri, Iowa and west- this time is phenomenal, and being part of ern Kentucky and encompasses 128 it has been wonderfully rewarding. David C. Dorfman, BSBA ‘77, a noted branches. Banking is her second career; dancer and choreographer who founded her first was teaching. Following positions The current economic challenges make David Dorfman Dance in 1985, is also at Mercantile Bank and Bank of America, it particularly important for all of us to chair and William Meredith Professor of Roth moved to Regions Bank in 2002. She ensure that those who follow us have Dance at Connecticut College. Dorfman serves on the boards of the Olin Alumni the same opportunities. Dean Gupta’s says he draws on his Olin studies in Association, where she is past president; highest priority is maintaining the quality organizational behavior to get the most the Barnes-Jewish Hospital Foundation; and availability of an Olin education. out of his dancers. David Dorfman Dance the St. Louis Regional Chamber and Scholarships play a critical role. Nearly is an award-winning company that has Growth Association; the Regional Business half of all Olin students receive financial performed on stages around the world. Council; and Wyman Center. She is also a aid. Alumni and sponsors contributed Dorfman has received a Guggenheim member of Olin’s National Council. $3.8 million to Olin last year, but this only fellowship and four National Endowment met one-third of the total $12 million for the Arts fellowships. Lawrence E. Thomas, BSBA ‘77, is a scholarship need. Olin’s operating funds partner in minority market recruiting at must cover the balance. David A. Peacock, EMBA ‘00, president Edward Jones. An internship at Edward of Anheuser-Busch, manages all U.S. Jones during his years at Olin led to a Now is the time for Olin alumni to help operations for the recently combined job in the Corporate Bond Trading ensure that no qualified student is forced company Anheuser-Busch InBev. Peacock Department and a long career with the to turn down the opportunity for a top- began his career at Anheuser-Busch in firm. Thomas, along with two other Olin tier education. advertising and quickly moved to alumni, founded “The Tie That Binds,” corporate planning, brand management, a scholarship initiative challenging black Olin scholarships take many forms. corporate media and retail sales promo- alumni campuswide. He also sponsors Annual scholarship commitments tion. As a graduate of the Olin Executive two annual Olin scholarships and an generally begin at $5,000, and endowed MBA Program, he maintains close ties endowed scholarship at the University. scholarships offer increasing levels of with the school; he also serves on the Thomas serves on Olin’s National Council recognition beginning at $50,000. boards of directors of the American and the Executive Alumni Association as Red Cross St. Louis Area Chapter and well as the University’s Alumni Board One of the most enjoyable ways to the St. Patrick Center. of Governors and the board of sponsor a scholarship is the Scholars trustees. He serves on multiple in Business Program. I have participated civic and educational boards in this program for many years and have in St.Louis. enjoyed meeting my scholarship recipi- ents and learning firsthand about all of the wonderful things that are now part of an Olin education. I highly recommend it to you.

The support you provide will ensure today’s Olin students enjoy the same benefits we received.

Sincerely, CHUCK COOK

MBA ‘68; president, Olin Alumni Association, 2009-10; former vice president and general manager, Ashland Specialty Chemical Co.

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*UPCOMING: fyiEVENTS

Dean’s Medal for Exemplary Service REUNIONS Dean Mahendra Gupta presented Jerald L. Kent, BSBA ‘78/MBA ‘79, and Judith L. April 23-25, 2010 Kent with the Dean’s Medal for Exemplary YOUNG ALUMNI REUNION Service. The honor is given to friends of Olin whose dedication and service to the BSBA ‘00, ‘05, ‘09 school have been exceptional. The Kents E-mail [email protected] or visit received the award during the 2009 www.wustlconnections.com. Alumni Awards Dinner on April 22 in St. Louis. Their recent $3 million Olin scholarship gift will provide significant Olin Alumni Form May 20-23, 2010 support to 20 undergraduate students Clubs in Chicago UNDERGRADUATE REUNION over the next seven years. and New York BSBA ‘60, ‘65, ‘70, ‘75, ‘80, ‘85, ‘90, Jerry Kent founded Charter Communications Golden Bears (pre-’60 classes) and now serves as president and CEO at In the continuing effort to strengthen the E-mail [email protected] or visit Cequel III LLC, an investment and man- Olin network outside St. Louis, the first agement firm that develops cable and Olin Alumni Club was formed in Chicago www.wustlconnections.com. telecommunications companies. He also and a second club is launching in New is a member of Olin’s National Council. York later this year. CENTURY CLUB Judy Kent is a community volunteer and The first event for the Chicago Club took co-owns the St.Louis-based women’s place in February and featured a “State of BUSINESS SERIES clothing boutique Vie. Olin” presentation by Dean Mahendra INSIDE. UP CLOSE. CONNECTED. Gupta along with small-group discussions headed by Olin’s associate deans and Now in its 30th year, Olin’s Century program directors. A kickoff event in Club Business Series connects alumni New York is being planned. with executives from today’s premier Get Connected businesses. There are now a number of ways Olin “Our goal for these alumni clubs is to alumni can seek out classmates and provide new networking opportunities for November 4, 2009 connect virtually. alumni as well as help them become more DAVID KEMPER, chairman, connected with Olin,” says Erin Toohey, president & CEO, Commerce Bank LinkedIn Facebook associate director of development. allows alumni provides alumni a way December 11, 2009 to network and to connect socially The president of the Chicago Olin Alumni STROBE TALBOTT, president, exchange ideas Club is Ryan Gish, MBA/EN ‘97, and Brookings Institution The Washington University Alumni Directory the president of the New York Olin Alumni provides a password-protected directory of cur- Club is Munir Mashooqullah, EMBA ‘98. Presentations are held on campus in Simon rent information for more than 110,000 alumni Hall, May Auditorium. Registration is free, If you would like to establish a group but reservations are required. To make a Links to these communities can be found at: in your region, contact Erin Toohey at reservation, e-mail [email protected]. www.olin.wustl.edu/alumni 314-935-8495 or [email protected].

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ALUMNI CONNECTIONS

*UPCOMING: fyi EVENTS

OLIN TALENT SUMMITS Recruit for impact. Join us at one of Olin Business School’s Talent Summits. This is a unique opportunity for alumni to connect with talented students seek- Jim Little ing internships and full-time positions. January 7, 2010 NEW YORK Olin Forum Series Informs and Connects Alumni January 12,2010 MINNEAPOLIS January 14, 2010 CHICAGO Each year, the Olin Forum Series delivers The second forum, before some 100 For more information, contact Colleen King thought-provoking presentations by alumni and friends, included a panel of top at [email protected] or 314-935-5950. executives and government leaders and executives who spoke candidly about the provides networking opportunities for financial crisis. Jim Little, the Donald Olin alumni. The 2008-09 academic Danforth, Jr. Distinguished Professor of year included two forums held on the Business at Olin, moderated the panel Danforth Campus. and presented his perspective on the NEW YORK CAREER TREK financial crisis and economic recovery. (formerly Wall Street Week) The first forum featured Former U.S. The panelists were: House Speaker Newt Gingrich. During his • Jim Gidcumb, EMBA ‘93, financial October 14-17, 2009 presentation before approximately 80 adviser, Merrill Lynch Sponsored by the Weston Career alumni and friends, he outlined his vision • Eric Ralph, MBA ‘00, senior vice Center, this trip brings undergraduate for a transformed health system. president, Summit Strategies Group and graduate students to New York • Ken Cella, EMBA ‘08, principal, City for valuable networking opportuni- Edward Jones ties and firsthand exposure to the strategy and cultures of many top firms. ALUMNI & STUDENT RECEPTION October 15, 2009, 7-9 p.m. Penn Club of New York, Benjamin Franklin Library For more information, contact Dolly Bischoff at 314-935-9209 or [email protected].

SCHOLARS IN BUSINESS DINNER November 5, 2009, 6 p.m. Hilton Frontenac, St. Louis Sponsors and students are invited to this annual scholarship dinner. For more information, contact Sandy 2010 OLIN TRAVEL PROGRAM Jurgenson at 314-935-5179 or The EMBA Travel Committee has arranged an alumni trip to the Brookings Institution in sandy_jurgenson@ wustl.edu. Washington, D.C., where alumni will engage in a discussion with Brookings experts and participate in one-of-a-kind tours of government institutions and museums. For more information about this trip, contact Erin Toohey at 314-935-8495 or [email protected].

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CLASS NOTES

OUR THANKS to all of you for answering our Ohio after 30 years in Seattle. Al Kaplan, BSBA ‘79, Lexington, KY, is president of Kaplan Financial Walt Woerheide, MBA ‘71/PhD ‘77, Group. He is proud to announce request for alumni news. Once again, your response Media, PA, passed the CFP(r) exam- that his daughter Bailey graduated ination. [email protected] has been tremendous. Find out what your class- from Kore Academy and his daughter mates have been up to since they graduated from Kenneth Clark, MBA ‘72, St.Louis, Jensyn will graduate from Bellarmine is a project manager at Washington University in December 2009. Olin Business School. University in St.Louis. [email protected] [email protected] Nick Rischbieth, MBA ‘79, Many of you submitted entries last spring for our William Shaw, MBA ‘72, Bethesda, Tegucigalpa, Honduras, was MD, is now vice chairman of Marriott recently elected executive president fall issue of OlinBusiness Magazine. Whenever International Inc. and a member of of the Central American Bank for possible, we adjusted for the time difference. We’d Marriott’s board of directors. Economic Integration, Central Juan García-Tuñón, MBA ‘73, America´s multilateral development love to hear from you with updates or corrections. Carlisle, PA, is president of the bank. [email protected] Rotary Club of Carlisle. To submit Class Notes information, fill out the form [email protected] 1980s A. John Yoggerst II, BSBA/MBA ‘73, Marie (Chapman) Carroll, MBA ‘80, online at http://apps.olin.wustl.edu/alumni/forms/ San Antonio, TX, has been appointed St.Louis, retired from Anheuser- by Gov. Rick Perry to the board of classnotes/ or on Page 29. Busch InBev in May 2009 after directors of the Texas Credit Union 29 years. She plans to take a few Commission. The commission months off and then start consulting W.F. Samuel Hopmeier, BSBA ‘57, regulates 210 state-chartered credit to complement her not-for-profit 1940s St.Louis, in 2004 retired from unions with more than $22 billion board involvement. Betty (Selzer) Hoffman, BSBA ‘46, Hopmeier Hearing Centers after in assets. [email protected] selling the practice in 1999 and [email protected] Phoenix, was widowed in 1990 after Victor Venezia, BSBA ‘75, St.Louis, working under a five-year employ- Richard Chibnall III, BA ‘78, MBA raising three boys and one girl. She celebrated 25 years in business as a ment contract. He is a mentor for ‘80, St.Louis, is the vice president of has 11 grandchildren and three CPA serving the St.Louis community. Innovate St. Louis Venture Mentoring finance at KV Pharmaceutical. great-grandchildren. She worked as He also plays drums in church and Service, a board member of [email protected] a self-employed accountant and is in the group Friends of Jesus, which now retired. [email protected] YouthBridge Community Foundation and chair of the Missouri Athletic performed a concert Feb. 29, 2008, Larry Irwin, BSBA ‘80, Greenville, Lee (Korlin) Lieberstein, BSBA ‘48, Club’s Charitable Society for at Graham Chapel. SC, is the vice president of develop- ment at CCA Medical Inc. Los Angeles, is proud to announce Children. [email protected] Kenneth Chaplin Jr., MBA ‘76, that her first grandson finished St.Louis, is a staff accountant for Frank Manning, MBA ‘80, College his fourth year at Manhattan Cetero Research. He is also the Station, TX, retired from Bank of Music Conservancy and is pursuing 1960s webmaster for the St.Louis Chapter America in 2000. Since then he has a master’s and doctorate. Her Marydel (Harrison) Neumann, of the Institute of Management been active in prison ministry as a second grandson graduated with BSBA ‘60, Miami, is a volunteer Accountants, president and director volunteer chaplain, visiting five state honors from high school and was guide and board member of Vizcaya of North Jefferson County Catholic units throughout Texas. In March given a scholarship to UCLA. Museum and Gardens and wants to Credit Union, a certified management 2009 he accompanied a team of 41 [email protected] encourage all of the class of 1960 to accountant, and a QuickBooks Pro on a seven-day medical mission to John Sutter, BSBA ‘48, come to the 50th reunion. adviser. [email protected] Tamahu, Guatemala, serving as “go-fur” for medical personnel who San Francisco, in 2008 was [email protected] Jonathan Settle, MBA ‘76, re-elected as Democratic World helped over 2,500 Mayans. Tom O’Neal, BSBA ‘62, Columbia, Baltimore, is an executive adviser Federalists president and editor MO, is executive director of at Gartner Inc. He advises chief Frederick Heger, MBA ‘81, Chicago, of Toward Democratic World advancement for the University of information officers on strategic is a director of finance at Lagasse, a Federation, which goes to activists Missouri-Columbia’s business decision processes for broad-based subsidiary of United Stationers Inc. across the United States, Canada school, where he raised $83 million issues and challenges that span the [email protected] and other parts of the world as part, of MU’s successful $1 billion information technology discipline. (www.dwfed.org). He also attended David Kuelper, MBA ‘81, Chicago, capital campaign. [email protected] his 60th reunion at Washington proudly attended the 2009 gradua- [email protected] University. [email protected] Rachel Hayes, MBA ‘77, Boston, was tion of his middle son, John, from Marvin Davis, MBA ‘66, Atlanta, named vice president and principal Washington University. He retired in recently had his second book, consultant of the Wellesley Hills 2000. [email protected] Group. [email protected] 1950s “Take No Prisoners: A No-Holds- Madryn (Jackson) Odom, BSBA ‘81, Otis Bowden, BSBA ‘50/MBA ‘53, Barred Approach to Corporate Sheri Simon-Cupkovic, BSBA ‘77, Atlanta, is a special education Jacksonville, FL, was guest conductor Excellence,” published by the Chicago, is the founder and teacher at Newton County Schools. for The Jacksonville Symphony American Management Association. president of the Norris Group LLC. [email protected] [email protected] She and her husband, Walter Orchestra’s annual “Let Freedom Erik Ottem, MBA ‘81, Santa Cruz, Cupkovic, are pleased to announce Ring” Memorial Day concert. He J. Wade Kennedy BSBA ‘67/ MBA CA, operates VR Business Brokers their son Lucas has graduated from conducted John Philip Sousa’s ‘68, Mashpee, MA, is the co-CEO in Silicon Valley and has created a Washington University with majors “Washington Post March.” of Sage Petroleum. special process to deal with the sale in history and finance and is [email protected] [email protected] of distressed businesses. attending law school this fall. [email protected] John “Jack” Chapin Jr., BSBA Their youngest son, Zachary, has ‘55/MBA ‘60, Glenview, IL , is the 1970s completed his freshman year at David Warfield, BSBA ‘81, St.Louis, president of Chapin Associates Ltd. Wash U. [email protected] is a partner at Husch Blackwell [email protected] David Glatstein, BSBA ‘71/MBA Sanders. He was inducted into the James Rowlette Jr., MBA ‘78, ‘73, Dallas, is the president of Zybec American College of Bankruptcy on William Conway, BSBA ‘57, St.Louis, Columbus, OH, is a principal at Corp. [email protected] March 27, 2009. [email protected] in May 2009 received the Millard S. Rowlette Asset Management LLC. Cohen Lifetime Achievement Award Donald Paterson, MBA ‘71, [email protected] Joanne Joria, MBA ‘82, from radio station KWMU. Conway Vermilion, OH, is chief financial Washington, DC, after serving Laura (Aach) Hollabaugh, BSBA ‘79, has broadcasted daily stock market officer of Great Lakes Science 18 months in northern Iraq on a St.Louis, has returned to Olin reports and periodic market forecasts Center in northern Ohio. He joined State Department Provincial Business School to advise students for the station for 37 years. Conway the not-for-profit world in 2001 Reconstruction Team (PRT), in the specialized master’s programs is president of William J. Conway & and has held financial and operating received a trans-Atlantic fellowship after many enjoyable years in differ- Co. Inc., a financial services firm positions with the Pacific Northwest in London. She will serve one ent human resources management based in Brentwood, MO. Ballet and San Francisco Ballet. He year in a diplomatic exchange roles. [email protected] [email protected] and his wife, Bonnie, relocated to program with the British Foreign &

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CLASS NOTES

Commonwealth Office and then do Seung Hong, MBA ‘85, Seoul, South companies in positioning and specializing in interior renovation a three-year tour at the U.S. Korea, is the president of GP Asia. marketing wellness products. work for national retailers as well Embassy in London. [email protected] [email protected] [email protected] as the health care and education construction markets. Charles Kim, BSBA ‘82/EMBA ‘92, John McLean, PMBA ‘85, Beijing, Joan Levis, MBA ‘86, Ketchum, ID, [email protected] Kansas City, MO, has been promoted moved to Beijing to open a new is a Realtor for Windermere Real to chief financial officer at biotechnology research center Estate. [email protected] Geoffrey Cherry, MBA ‘91, Commerce Bancshares Inc. for Monsanto. He asks Olin alumni Los Angeles, recently accepted the Alec Dreyer, EMBA ‘87, is to please give him a call if you plan chief financial officer position with Karla Scott, BSBA ‘82, Miami, owns executive director of the Port of to visit China. Meridian Sports Clubs of California, Global Ways USA, an international Houston Authority. [email protected] where he provides strategic direc- business consulting firm. Thomas Edelstein, EMBA ‘87, tion and leadership for all aspects [email protected] Stuart Seidman, MBA ‘85/MArch St.Louis, is the vice president of of finance, tax, accounting, payroll, ‘85, Philadelphia, is a senior project Rikke Vognsen, BSBA ‘82, Chicago, mission and ethics at Mercy Health human resources and information manager at Hill International. is a partner at Crown Advisors Inc. System of Oklahoma. technology. [email protected] [email protected] Anne (Tanhoff) Greenspoon, BSBA [email protected] Todd Brown, PMBA ‘86, Telluride, Jocelyn Evans, MBA ‘83, Mount ‘87, Baltimore, recently returned to Ron Ekstrand, MBA ‘91, St.Louis, CO, is now coaching small- and Pleasant, SC, is a professor of her hometown to serve as the direc- was named CEO for the Judevine medium-sized businesses on finance at the College of Charleston. tor of admissions at the Shoshana S. Center for Autism in February Colorado’s western slope with ASAP She is also proud to announce that Cardin School, Baltimore’s inde- 2009. Judevine is a nonprofit with Accounting and Payroll Services Inc. her son Timothy Jones has graduated pendent Jewish high school. She 430 employees located in Olivette, [email protected] from Stanford University and is lives with her husband, Rabbi David MO. Its mission is to make a real attending the MBA program at Jeffrey Caplan, BSBA ‘86, Madison, Greenspoon, and sons, Miles, 13, difference in the quality of life of Olin Business School. WI, has launched CraftOptics, a and Micah, 10. [email protected] children and adults with autism and developer of optical and lighting Robert Nagle, BSBA ‘84, Phoenix, Stacy Ferber, BSBA ‘88, New York, their families, wherever they may devices that enable sharp, magnified was named as one of the 1,000 is working at UJA Federation of New live. [email protected] vision for the hobby/craft, product People to Know in Commercial Real York. [email protected] Lynn Hudson, PMBA ‘91, St. Joseph, assembly/inspection and low vision Estate by Arizona Commercial Real MO, is a director of client services markets. www.craftoptics.com. Jennifer Hartnett-Henderson, MBA Estate Magazine in its 2008-2009 for Primacy Relocation, where she is [email protected] ‘88, Mountain View, CA, is a supply survey. He also was awarded an AV chain manager at Cisco, where she responsible for handling, corporate Peer Review Rating by LexisNexis Lisa (Kalmans) Feder, BA/MBA ‘86, drives product sales growth and accounts in the Midwest and East. Martindale-Hubbell and was named Austin, TX, is the owner of LKF market penetration by developing [email protected] in the 2008 Ranking Arizona listing Marketing and Wellness, which and implementing supply chain Ronald Krueger II, MBA ‘91, New for “Attorneys: Best of Arizona.” In provides consulting and training solutions that can result in billions Orleans, joined Southern Theatres addition, and for the second consec- programs for individuals and of dollars in incremental emerging in July 2008 as the chief operating utive year, Nagle was selected by his companies desiring to improve markets revenue. officer. He lives in New Orleans with peers for inclusion in “The Best their wellness. LKF offers programs [email protected] his wife, Cindy Krueger, BScPT ‘89, Lawyers in America 2009” in the to educate employees about how and their son. field of real estate. to adopt healthy habits that fit into Dawn Schroeter, MBA/MHA ‘88, [email protected] their everyday lives and assist Milwaukee, recently moved to Michael Price, MBA ‘91, Peoria, IL, Wisconsin after many years in is the chief financial officer and St.Louis. Her husband is an chief operating officer of Supply assistant professor of biology at Chain Services International LLC. Loyola University in Chicago, and [email protected] for the last few years, she has been Gene Welsh, MBA ‘91, Chicago, is doing marketing consulting for a vice president and general manager major pharmaceutical company. of Alcan Packaging Meat and Dairy She is currently looking for a new Flexibles and Rigid Containers. opportunity either in consulting or corporate America. Cheryl Whalen, MBA ‘91, [email protected] St.Louis, is the director of staffing and diversity at UniGroup Inc. Rick Froehlich, MBA ‘89, Austin, TX, was recently promoted to vice Kevin Dollhopf, MBA ‘92, president and general manager of Winston-Salem, NC, is the vice Dell’s Industry Solutions Group. His president of worldwide real estate team integrates Dell hardware and for Hanesbrands Inc. services into original equipment [email protected] manufacturer customers’ solutions Jeremy Hawk, BSBA ‘92, Rochester, globally. This business has well over NY, is joining HealthPort, a leader $1 billion a year in revenues and is in health care information services growing quickly. based out of Alpharetta, GA, as [email protected] Show Your Olin Pride regional director of strategic Wade Miquelon, MBA ‘89, Chicago, operations. He is looking forward was recently promoted to executive to working out of his home office You can now purchase Olin apparel vice president and chief financial in Rochester, NY. officer of Walgreen Co. [email protected] and accessories online Jeff Henderson, MBA/EN ‘92, St.Louis, is president and owner www.olin.wustl.edu 1990s of Evolution Automation, a manu- Victoria Gonzalez, MBA ‘90, facturer of electrical/pneumatic More Washington U. apparel online at: www.wubookstore.com St.Louis, is the CEO/president control solutions including integra- of the Nidus Center for Scientific tion of software, industrial control Enterprise. solutions and communications Matt Levenson, BSBA ‘90, systems for a variety of industries, St.Louis, became co-owner and such as water/wastewater, power executive vice president in January generation and distribution, large 2009 of GNH Services Inc., public works projects, biopharma, Granger Contracting Co. Inc. and and other UL 508 custom applica- N-STORE Services LLC, all of which tions. [email protected] are national general contractors

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Constance (Orchard) Hoffman, Norihiro Adachi, MBA ‘95, PMBA ‘92, St.Louis, is the chief Düsseldorf, Germany, moved information officer at Bryan Cave to Düsseldorf in December 2008 “OUR WASHINGTON” LLP. [email protected] and started learning European business as well as the German Madhulika Singh, MBA ‘94/MIM ‘92, language. He is general manager THE ANNUAL FUND San Jose, CA, is a customer escala- of finance and administration for tion coordinator at Cisco Systems. Kyowa Hakko Europe GmbH. INITIATIVE FOR Andrew Clarke, BSBA ‘93, Akron, [email protected] OH, is the president and CEO of Jeff Altman, BSBA ‘95/MBA ‘96, Panther Expedited Services Inc. New York, is a director at Lazard WASHINGTON UNIVERSITY [email protected] Ltd. [email protected] Michael Erdman, BSBA ‘93, Chicago, Anthony Clarkson, MBA ‘95, The generosity of alumni and friends has helped generations of is still practicing law in Chicago and St.Louis, has a new e-mail address recently launched a new Web site Olin students fulfill their potential and prepare for leadership in [email protected]. — AgentsCompared.com — that the global marketplace. And in today’s challenging economy, helps home buyers and sellers make Anthony Green, BSBA ‘95, Long your gifts to the Annual Fund are more essential than ever. more informed decisions when Beach, CA, has been promoted selecting a real estate agent. He to plant controller of the Los Tuition provides just just a portion of the cost to educate a lives in Deerfield, IL, with his wife, Angeles Recycling Center for Exide Rachel (Margolis) Erdman, BA ‘93, Technologies. With operations in student at Olin, and more than half of our undergraduates and and two young children. more than 80 countries, Exide is full-time MBA candidates receive scholarship support each [email protected] one of the world’s largest producers year.Your gift will be put to immediate use to educate our and recyclers of lead-acid batteries. Kevin Flaherty, BSBA ‘93, Mercer [email protected] students and enhance our programs while also ensuring that Island, WA, is the vice president of marketing for Wetpaint. Kristin (Smith) Ladewig, MBA/ no qualified student has to turn down the opportunity for a [email protected] MIM ‘95, St.Louis, in May 2008 top-tier education at Olin Business School. was elected to a three-year term as Jeffrey Janis, BSBA ‘93, Dallas, is a director-at-large of the Bradley Please contribute to the future by supporting an associate professor in the University Alumni Association. department of plastic surgery at the Olin’s Annual Fund today. University of Texas Southwestern Bruce Ray, MBA ‘95, Santa Maria, Medical Center. He also serves as CA, in October 2008 was appointed Contact Jill Lustberg at 314-935-6845 the program director for the plastic president and publisher of the or visit www.olin.wustl.edu/alumni. surgery residency program and chief Tribune of San Luis Obispo, the of plastic surgery for Parkland Health leading newspaper of the central and Hospital System in Dallas. coast of California, which has [email protected] circulation of more than 40,000. [email protected] Scott Kelly, BSBA ‘93, Denver, is a pastor at Christchurch. Jennifer Regan, BA ‘93/MBA ‘95, [email protected] Albany, NY, relocated with her son, Jackson, and daughter, Katelyn, to Kevin Williams, PMBA ‘93, St.Louis, after 12 years with Anheuser-Busch Mark Biberstine, BSBA ‘98, join MVP Health Care as director is a financial adviser at Waddell & InBev. [email protected] Los Angeles, manages a team of of commercial products. consultants at MedAssets responsi- Reed. [email protected] Yusuke Takahashi, PMBA ‘96, [email protected] ble for the implementation of health Matthias Damm, MBA ‘94, Noida, India, has moved to New James Sheffield, MBA ‘95, St.Louis, care decision support software and Hamburg, Germany, is a managing Delhi to launch Hitachi’s new is a senior account manager at services. [email protected] director at DVA International elevator businesses. Cenveo Corp. GmbH. [email protected] [email protected] Catherine (Fisher) Dale, BSBA/ [email protected] BA ‘98, Salem, OR, is the owner of Jane (Angus) Dulle, MBA ‘94, Rebecca Chang, BSBA ‘97/MBA/JD Dan Brotman, MBA/MHA ‘96, Fisher & Co. Real Estate Services LLC. St.Louis, was recently named senior ‘03, Taipei, Taiwan, was recently Austin, TX, launched a new Internet vice president of Jacksonville, FL- promoted to senior legal counsel Ching-Yu Mong, PMBA ‘98, Taipei, marketing service business for based EverBank Financial Corp. and at Premier Image Technology Corp. Taiwan, is a director at KPMG surgeons performing plastic, continues as the director for the and plans to begin giving lectures Advisory. [email protected] cosmetic or elective surgery. He is in one of the national universities Bank Management Group. She Mitchell Whiteman, BSBA ‘98, currently seeking beta customers in Taiwan. She has a son. works out of St.Louis, where she Baltimore, is a financial adviser at with free Google AdWords set up. [email protected] lives with her husband and three Brown Advisory. Visit www.liftelective.com, call children. [email protected] Gennye (Feldman) Krasner, BSBA 512-587-3770 or e-mail Jessica Volk, BSBA ‘98, Chicago, ‘97, Atlanta, is the vice president of Mark Lanoue, MBA/EN ‘94, [email protected] works as assistant treasurer for operations at Harbor Payments, an Cincinnati, OH, is a senior sales Children’s Memorial Hospital, Jennifer (Rodi) Hoglin, MBA ‘96, American Express company. consultant with Oracle. He and his where she manages daily cash flow, Salt Lake City, is a segment marketer wife, Melissa, live in Cincinnati with Eric Riutort, MBA/MA ‘97, liquidity and investor relations. at Myriad Genetics, the only com- their two sons, Evan and Drew. Washington, DC, is a senior expert pany in the world that can test for William Alkier, PMBA ‘99, [email protected] consultant at Tech Team Government hereditary breast and ovarian cancer. Springfield, MO, is a product Solutions. [email protected] Elaine Leo, BSBA ‘94/MHA ‘96, Myriad also tests for hereditary manager at Paul Mueller Co. Harrogate, TN, is a medical student Anil Shah, BSBA ‘97, San Francisco, cancers such as Lynch syndrome, Jonathan Bloom, MBA ‘99, St.Louis, at Lincoln Memorial University in is an account executive at Google. melanoma and pancreatic cancer. is principal of Two Cents Consumer Tennessee and does odd jobs [email protected] Stewart Hsu, BSBA ‘96, Dallas, Insights, which helps companies modeling for Talent Trek Agency is co-founder of the CONTI Joel Weston, MBA/MIM ‘97, better understand their consumers or promoting Brain Toniq. Organization, which specializes in St.Louis, is a principal at CSC Inc. through qualitative research. [email protected] acquiring distressed, value-added [email protected] [email protected] Robert Westerman, BA ‘64/EMBA multifamily (apartment) real estate Kedar Belhe, PMBA ‘98/PhD ‘91, Scott Greenfield, MBA ‘99, ‘94, St. Louis, is a physician surveyor directly from lenders and lending Minneapolis-St. Paul, is the former Portland, OR, is a senior finance for The Joint Commission. institutions. It focuses on apart- senior director of business develop- manager of mergers and acquisitions [email protected] ments of 150-plus units in Texas. ment at St. Jude Medical. He is the at Intel Corp. [email protected] Jeff Willard, MBA ‘94, El Paso, TX, [email protected] founder and president of Metamod, Laura Spreck Lee, MBA ‘99, is the senior vice president of market- a medical device company focused Ruben Mella, MBA ‘96, St.Louis, in St.Louis, is marketing manager at ing and product development with on metabolic disorders. December 2008 joined Monsanto Nestle Purina. Coleman Co., a new position for him. as director of investment relations

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Kimberly Loeb, BSBA ‘99, Atlanta, Seth Peterson, EMBA ‘00, Hong Maximilian Neumayer, MBA ‘02, account executive after months of is working in corporate finance for Kong, has been working as an Jacksonville, FL, after seven years contract consulting with Republic SunTrust Bank. [email protected] independent consultant, advising with Morgan Stanley joined USAA Marketing. He also is a board businesses on their strategies for Wealth Management in May 2009. member for the City of Modesto Jim Mozer, EMBA ‘99, Dayton, OH, Asia Pacific, fundraising and serving He was also recently promoted Entertainment Commission. has been promoted to general in nonexecutive director roles. to lieutenant colonel in the U.S. Air manager of the integrated products Suresh Shaddarsanam, PMBA [email protected] Force Reserve. division of Emerson Climate ‘03/MIM ‘05, St.Louis, has joined Technologies. Jason Ryan, MBA ‘00/MA ‘02, Adam Schrier, MBA ‘02, Herndon, Peabody Energy as director of [email protected] Pomona, CA, is an assistant VA, is executive director of market- information technology. professor at the University of ing and business development for Greg Newman, PMBA ‘99, Shalin Tejani, BSBA ‘03, Redlands. [email protected] Whereoware. West Palm Beach, FL, is a senior Chattanooga, TN, is controller portfolio manager at Northern Trust Brian Wachtel, BSBA ‘00, Diane (Lau) Verdine, BA ‘94/ at Hamilton Plastics Inc. Investments, where he co-manages Washington, DC, graduated in May PMBA ‘02, St.Louis, started a new Charles Chiyu Yen, EMBA ‘03, a large-cap growth stock fund. 2009 with an MBA in marketing consulting company, Golden Lantern Shanghai, China, is an IS director from The George Washington LLC, in March 2009. The business Uichi Okina, MBA ‘99, Tokyo, at Sanofi-Aventis (China). University in Washington, DC. provides design and consulting is a manager at Terumo Corp. [email protected] [email protected] services for training, e-learning [email protected] and new software/technology Heather (Bartfield) Troyer, BSBA Jared Berman, BSBA ‘01/MBA ‘02, Katsuyuki Yamashita, MBA ‘99, conversions. [email protected] ‘03, Dayton, OH, is director of Detroit, is a principal at Mercer. Osaka, Japan, received a doctorate member services for Delta Sigma Pi. [email protected] Markus Boelke, MBA ‘03, from Nagoya University in Japan. He [email protected] Baden-Wüerttemberg, Germany, has started to work on the faculty Toby Buchanan, MBA/LW ‘01, New is at BASF SE. Michael Casper, BSBA ‘04, is living of management at Otemon Gakuin York, is an associate general counsel [email protected] and working in London as a partner- University in Osaka, Japan, as a at Citadel Investment Group LLC. ships executive with AEG Europe. permanent teacher and researcher. [email protected] Matthew Bower, MBA ‘03, [email protected] [email protected] St.Louis, is a client manager John Carbon, MBA ‘01, Chicago, at Moneta Group LLC. Walker Deibel, MBA ‘04, St.Louis, Darren Young, MBA ‘99, is director of finance at CNA [email protected] purchased the book printing company Minneapolis-St. Paul, has been Financial Corp. Corley Printing early in 2007. In promoted to senior product [email protected] Edward Carr, MBA ‘03, St.Louis, 2008 Corley’s revenue grew over 15 manager of exchange-traded is a visiting professor of marketing Bingyan Chen, MBA ‘01, El Monte, percent and the St.Louis Business funds and notes at RBC Wealth at the Cook School of Business at CA, is China country manager for Journal recognized Corley as a top Management in Minneapolis. Saint Louis University. [email protected] STEC Inc. [email protected] 20 printer in St.Louis. Corley’s Ronald Chod, EMBA ‘03, St.Louis, “Paper. Ink. People.” marketing Scott Issen, BSBA ‘01, Chicago, is is leveraging his 20-plus years of campaign won a 2008 Bronze managing director at Chicagoland 2000s experience in medical practice, award from the St.Louis Business Entrepreneurial Center. Joseph Alt, MBA/MIM ‘00, physician leadership and academic Marketing Association. New York, is a senior manager at Yakin Madhoo, MBA ‘01, health care business development www.corleyprinting.com. Deloitte Consulting LLP. Philadelphia, recently joined First to work as an academic health Shree Deshpande, EMBA ‘04, Solar as a director of financial care executive recruitment Carlos Anzola, MBA ‘00, Caracas, St.Louis, is director of international planning and analysis. consultant serving medical schools Venezuela, is celebrating the first business at Hager Cos. [email protected] and integrated delivery networks three years of operations at Imagine [email protected] Brand Strategy, a marketing, brand- Alexander Pavlov, MBA ‘01, on a national level. He is senior Faithea Flowers, MBA ‘04, St.Louis, ing and design consulting firm Moscow, is now director, planning client partner at Grant Cooper & is a vice president of sales with focused on developing and growing and asset management for TNK-BP, Associates. [email protected] CitiMortgage. In 2006, she began clients’ brands. He is partner and where he is responsible for long- Tricia Copeland, PMBA/MIM ‘03, her post-MBA career with Citi as strategy director. term planning and investment in St.Louis, is a risk management the first home equity management [email protected] the upstream division. information technology analyst associate, part of a two-year rota- [email protected] at First Bank. Ernesto Fajardo, EMBA ‘00, tional development program. She Colombia, South America, is president Caleb Stephenson, MBA ‘01, Allen Cowgill, BSBA ‘03, Denver, has also championed the Community and CEO of Inversiones Mundia SA. Boulder, CO, recently left PA was promoted to manager of Reinvestment Act for the last three Consulting Group to join Calpine Jef Fowler, MBA ‘00, Charlotte, NC, membership development at years. [email protected] Corp. as vice president of Exclusive Resorts in Denver. moved back from London to Akinwole Garrett, BSBA ‘04, commercial analytics. [email protected] Charlotte to serve as a senior vice New York, is pursuing an MBA in president at Bank of America. Eric Workman, BSBA/EN ‘01, Elizabeth (Beard) Deal, EMBA ‘03, entrepreneurship and finance as [email protected] New York, is a vice president at St.Louis, is director of communica- a member of the class of 2011 at Bank of New York Mellon. Roddy Haynes, BSBA ‘00, St.Louis, tions for the School of Arts & Duke University’s Fuqua School [email protected] is a financial services representative Sciences at Washington University of Business. at MetLife. [email protected] Thomas Beitel, PMBA ‘02, Plano, in St.Louis. [email protected] TX, moved to Dallas in the summer Jeff Lash, BSBA ‘00, St.Louis, is a Aaron Hankins, PMBA ‘03, Bijoy George, PMBA ‘04, St.Louis, of 2008 for a new position with product manager at Sendouts, a Dayton, OH, is director of programs has taken the program manager Siemens PLM Software. As vice St.Louis-based recruiting software for DRS Technologies. position at the Center for Biomedical president of finance, global zone company. He also graduated from [email protected] Informatics at Washington operations, he is responsible for University in St.Louis. He will be Southern Illinois University Michael Hecht, BSBA ‘03, New zone and country finance operations, responsible for managing CIDER Edwardsville with an MBA in 2007. York, earned his MBA from New with zone headquarters teams in (the Clinical Investigation Data York University in May 2008 and is Scott Loeffelman, MBA ‘00, St.Louis; Camberley, United Exploration Repository), which will now an associate at McKinsey & Co. St.Louis, is the CFO of Store Kingdom; and Hong Kong as well build an electronic infrastructure to Supply Warehouse LLC. as country finance teams in every Saurabh Jain, MBA ‘03, Mumbai, consolidate clinical data for research [email protected] major country. [email protected] India, is a director at SSJ Finance. and quality control initiatives. [email protected] Daniel Lopez, MBA ‘00, San Juan, Yueh-Lin Lee, BSBA ‘02, Taipei, [email protected] Puerto Rico, has been promoted to Taiwan, just started a trading Scott Neuberger, BSBA ‘03, Jun Hoshino, MBA ‘04, Lake Forest, account vice president at the UBS company in Taiwan, exporting from Oceanside, CA, is the president CA, is vice president of strategic wealth management ultra-high- China to Los Angeles. He is also of Infocore Inc. planning and business development net-worth division. looking for people to join his [email protected] at MicroVention Inc. [email protected] badminton club in Taipei. Reginald Rucker, BSBA ‘03, [email protected] [email protected] Ichiro Miyawaki, MBA ‘00, Tokyo, Modesto, CA, was recently placed is an IR manager at Showa Shell on the company payroll as an Sekiyu KK. [email protected]

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Junghoon Lee, MBA ‘04, Seoul, recruiting, student services, career South Korea, is a manager at Hana services and corporate relations. Bank. [email protected] Stephen Zimmerman, MBA ‘05, Career Change? Promotion? Hideyuki Matsuda, MBA ‘04, Tokyo, St.Louis, is a senior business is a manager at Sigma Capital Corp. analyst at Anheuser-Busch InBev. Got Married? New Child? [email protected] Harsh Agarwal, BSBA ‘06, Frederic Maury, EMBA ‘04, San Francisco, recently accepted a Hong Kong, was promoted to position as a private equity associ- Share your news with fellow alumni. Go online to managing director of TUV SUD ate at TPG Capital. Hong Kong Ltd. in September 2007. http://apps.olin.wustl.edu/alumni/forms/classnotes/ Crystal Bickoff, BSBA ‘06, [email protected] Tallahassee, FL, has started a dual or complete this form and send to: Gaurav Palta, MBA ‘04, Santa degree program at Florida State Olin Business School Clara, CA, is working for Infosys University after completing two Consulting Inc. He lives and works years of law school. She will Washington University in St. Louis in the Bay Area. graduate with her JD/MBA in 2010. Campus Box 1162, One Brookings Drive [email protected] Douglas Payne, BSBA ‘04, New St. Louis, MO 63130-4899 York, is moving to Philadelphia Alexander Borchert, BSBA ‘06, fax: 314-935-8891 to earn an MBA at the Wharton St.Louis, is a senior associate for School of the University of Discovery Group LLC, where he Name: Pennsylvania as part of the provides commercial real estate class of 2011. consulting, development and invest- Degree & Year: ment services for users and owners Emily Reinhart, BSBA ‘04, of office, medical and industrial Washington, DC, is a Latin Address: property in the St.Louis area. America policy adviser at the [email protected] U.S. Department of the Treasury. City: State: Zip: Greg Drozda, PMBA ‘06, St.Louis, is Ivan Tseng, MBA ‘04, Taipei, a partner at Equis Group, a business Taiwan, is an assistant manager Phone (home): (business): management firm specializing in at Chinatrust Commercial Bank. financial solutions and management [email protected]. E-mail Address: for pro athletes, musicians and Takashi Tsujiguchi, MBA ‘04, other professional entertainers Employer: Kawasaki, Japan, is a managing based both domestically and inter- consultant at Corporate Directions nationally. [email protected] Title: Inc., a strategy consulting firm. Leigh English, EMBA ‘06, St.Louis, [email protected] has been honored a second time What’s new with you? (50 words maximum): Xiaolong Yang, BSBA ‘04, Shanghai, with the R&D 100 Award, the “Oscar China, is working in Shanghai and of invention,” for his expertise in traveling. [email protected] designing proteins that kill pests. Tatum Yount, BSBA ‘04, West In September he became the Hollywood, CA, is an account director of the Monsanto Research executive at JCDecaux. Center in Bangalore, India, a position [email protected] that will last two years. Will Martin, BSBA ‘06, Dubai, director at CSI Leasing (Shenzhen) United Arab Emirates, has taken a Ltd. [email protected] Shana Black, MBA ‘05, Jackson, Ben Farkas, BSBA ‘06, Miami, is new position with National Oilwell MS, has accepted a position as working for SunTrust Bank as assis- Ting Chen, MBA ‘07, Varco as salesman for offshore oil the labor relations manager for tant vice president, commercial Los Angeles, is a primary care rig equipment for the Middle East Kuhlman Electric Corp.’s power relationship manager, in the West sales representative at Boehringer and North Africa. transformer manufacturing plant Palm Beach area. Ingelheim Pharmaceuticals. [email protected] in Crystal Springs, MS. Sheela Fulambarker, BSBA ‘06, [email protected] Greg Napolitano, BSBA ‘06, White Jessica (Kelly) Gallagher, PMBA St.Louis, is an assistant technology Nobuo Kawa, MBA ‘07, White Plains, NY, is attending an MBA ‘05, Chicago, has been promoted manager at GroupM Search. Plains, NY, is working at Tokio program in the fall of 2009. to senior account executive with [email protected] Marine Management Inc. [email protected] Lipman Hearne, where she has Akhilesh Gupta, MBA ‘06, [email protected] Nand Sharma, MBA ‘06, worked for one year. Philadelphia, won the Chairman’s Samir Lahiri, PMBA ‘07, St.Louis, Los Angeles, is coping with jobless- Erin Harkless, BSBA ‘05, New York, Innovation Award at Best Buy. is now the east region controller ness and trying to find a job. recently joined the advisory practice [email protected] for Pretium Packaging, a company [email protected] of Summit Rock Advisors in New Heath Hunter, BSBA ‘06, specializing in the manufacture of York. Summit Rock provides financial Chicago, is a consultant at Suzanne Shenkman, PMBA ‘06, plastic containers and closures. advice and portfolio management PricewaterhouseCoopers. St.Louis, launched an online store In this role, he is responsible for for a limited number of families for her design venture, Suzanne financial analysis and accounting Samuel Jacobs, BSBA ‘06, and charitable foundations with Shenkman Designs. Her accessories for the company’s manufacturing Chicago, is an analyst at Lazard investable wealth in excess of and clothing crafted from vintage locations east of the Mississippi Freres. [email protected] $100 million. neckties can be found at River. [email protected] Kelley Johnson, EMBA ‘06, San suzannedesigns.etsy.com. Roger Ji, EMBA ‘05, Shanghai, Felipe Macia, BSBA ‘07, New York, Francisco, is working as part of [email protected] China, is a supply chain director is working in Latin America sales Intel’s push to create a market cate- for OI China. [email protected] Mike Tongwarin, MBA ‘06, at ICD Group International. gory called Mobile Internet Devices. Denver, is an online marketing [email protected] Neha Shah, BSBA ‘05, Sophia Li, BSBA ‘06, Columbia, SC, manager for Micro Motion. St. Petersburg, FL, is starting at Chris Miller, MBA ‘07, Pittsburgh, supports divisionwide value analysis Harvard Business School in the Donald Wunsch, III, EMBA ‘06, is a senior financial analyst at (VA) projects through strategic fall of 2009. Rolla, MO, recently published his Education Management Corp. sourcing as value analysis project fourth book, “Clustering,” with Rui Joe Stephens, PMBA ‘05, Columbia, Lauren (Pohl) Russ, PMBA ‘07, manager at Cooper Industries (Tools Xu (Wiley/IEEE Press, 2008). MO, develops, executes and oversees St.Louis, is an account supervisor Group). VA is a powerful problem- Clustering is the tool of first resort the strategy and day-to-day at Fleishman-Hillard. solving tool to reduce costs while for dealing with the data onslaught. operations of the Crosby MBA maintaining or improving perform- [email protected] Harshvardhan Sethi, BSBA ‘07, Program at the University of ance and quality requirements. Kolkata, India, is an analyst at Binping “Hunter” Zou, MBA ‘06, Missouri-Columbia. As director of SPML — Subhash Projects. Shenzhen, China, is a managing the program, he oversees admissions, [email protected]

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Katherine Sibbernsen, EMBA ‘07, Beth Giuntoli, EMBA ‘08, St.Louis, Tom Lysinger, EMBA ‘08, Parker, Colleen Scott, PMBA ‘09, St.Louis, St.Louis, is an account executive at is a managing consultant at Quilogy. CO, is senior vice president at is a structural analysis engineer at Nestle Purina. [email protected] [email protected] Western Union. [email protected] Boeing. [email protected] Avinash Sujeeth, PMBA ‘07, Bencai Gong, EMBA ‘08, Jamie Reed, BSBA ‘08, Dallas, Ann Thomas, PMBA ‘09, Minneapolis-St. Paul, recently Pasadena, CA, was promoted in successfully completed the Waukegan, IL, is a chemistry relocated with his wife to March 2009 to president of SAPET merchandising training program sales specialist at Siemens Minneapolis, where he started Development Peru Inc., an oil at J.C. Penney Co. and was promoted Healthcare Diagnostics. working for Microsoft as a business exploration and development firm to the position of direct inventory [email protected] intelligence solution specialist. in Talara, Peru. He has offices in analyst-women’s apparel in Tetsuya Udo, MBA ‘09, Tokyo, is He is developing business for Los Angeles and Lima. February 2009. [email protected] working on international energy PerformancePoint, a software [email protected] Peter Roose, MBA ‘08, investment in Europe as a manager program that extends Excel to Chunyu Ho, MSF ‘08, Beijing, Minneapolis-St. Paul, is an associate of Tokyo Gas Co. Ltd. solve common problems involving is working at China International marketing manager at General Mills. [email protected] tasks such as budgeting, forecasting Capital Corp. [email protected] and consolidations. Bret Weaver, MBA ‘09, [email protected] Charlie Burger, MBA ‘09, St.Louis, Minneapolis-St. Paul, is a Six Maggie Watson, BSBA ‘07, Jon Klein, BSBA ‘08, Chicago, is working at Express Scripts. Sigma consultant for Target. Hawthorne, CA, began working recently graduated from Olin [email protected] toward her MBA at the UCLA Yongchun Wu, PMBA ‘09, Beijing, Business School and will start Anderson School of Management John D’Antonio, BSBA ‘09, is working for Monsanto in China. his first job at Mercer as a in August 2009. Las Vegas, is working at [email protected] consulting analyst. [email protected] Deloitte Consulting. Laszlo Korsos, BSBA ‘08, Chicago, [email protected] Miguel Bricio, EMBA ‘08, St.Louis, was a summer quant analyst at is an international sales account Kenichi Kunimitsu, MBA ‘09, Births & Nuveen Investments — HydePark manager at SRG Global. Saitama, Japan, is a consultant Group. He also received a master’s [email protected] at Nomura Research Institute. Adoptions degree in computer science from [email protected] Stuart Seidman, MBA ‘85, Michael Casper, BSBA ‘08, the University of Chicago in 2009 Philadelphia, a daughter, Shelby. London, is living and working in and has been accepted into the David Lyle, TU ‘90/ EMBA ‘09, [email protected] London as a partnerships executive MBA program at the University St.Louis, is the director of lean with AEG Europe. of Chicago Booth School of products at Emerson. Brooke (Squire) Wyatt, BSBA ‘90, [email protected] Business (class of 2011). [email protected] and Brian, LA ‘92, New York, a [email protected] daughter, Camille Rose. William Croghan, EMBA ‘08, Leslie Onkenhout, MBA ‘09, Delray St.Louis, is the president and CEO Ashwin Kumar, BSBA ‘08, Beach, FL, is working as a consultant Bruce Ray, MBA ‘95, and Amy, of Salian Commercial. The company Champaign, IL, is an associate in the Amsterdam, Netherlands, Santa Maria, CA, a son, Dean is part of EDG, a consortium that, at Strand Life Sciences. office of Booz & Co., the commercial Christopher. based on depth of experience in spinoff of consulting giant Booz Jae-Wook Kwon, MBA ‘08, Seoul, Catherine (Fisher) Dale, BSBA ‘98, energy research, sustainable building Allen Hamilton. South Korea, is a senior manager Salem, OR, a son, Nicolas Elan. experience and knowledge, has [email protected] at Samsung SDI Co. Ltd. Karen (Squires) Foelsch, EMBA ‘99, been selected for the comprehensive Christopher Rhodes, MBA/EN ‘09, [email protected] and Paul, Iowa City, IA, a daughter, energy master plan work for the city Washington, DC, is a consultant at Marissa. of St.Louis. [email protected] IBM. [email protected] Jeff Lash, BSBA ‘00, and Leslie Hinyard, AB ‘01/MSW ‘04, St.Louis, a daughter, Esme Laurel. [email protected] Seth Peterson, EMBA ‘00, Hong Get Involved in the Life of Olin Kong, a son, Sean Martin. [email protected] Jared Berman, BSBA ‘01/MBA ‘02, Detroit, a son, Benjamin Samuel. Alumni are the past, present and future of Olin Business School. [email protected] Alexander Pavlov, MBA ‘01, Create a rewarding new connection with your alma mater today. Moscow, a daughter, Sophia Arina. [email protected] Want to refer a colleague to our world-class Need insights on an emerging business Tina Lin, MBA ‘02, and Parker Lin, Executive MBA Program or PMBA Program? opportunity at your firm? MBA ‘03, Taipei, Taiwan, a daughter, Mia. Contact Kay Henry, EMBA, 314-935-9032, Put an Olin student consulting team on it. Diane (Lau) Verdine, BA ‘94/ [email protected] Contact Mark Soczek, Center for Experiential PMBA ‘02, St.Louis, a daughter, Contact Joe Fox, PMBA, 314-935-6322, Learning, 314-935-9101, [email protected] Elinor. [email protected] [email protected] Have an internship or position to fill? Kara Chmielewski, MBA ‘03, and Chuck, Chicago, a daughter, Avery Wrestling with a strategic business challenge? Find out how to recruit and hire Olin’s Linnea Beitel. Find out how Olin’s research, consulting or outstanding students. [email protected] custom executive education can move your Contact Mark Brostoff, WCC, 314-935-8970, Tricia Copeland, PMBA ‘03, firm forward. [email protected] St.Louis, a son, Ethan. Contact Panos Kouvelis, Executive Programs, Elizabeth (Beard) Deal, EMBA ‘03, Have a compelling business case about St.Louis, a son, Jackson Paul. 314-935-4605, [email protected] your firm to share? Saurabh Jain, MBA ‘03, Mumbai, Give a guest lecture in the classroom. India, a son, Saniddhya. [email protected] Contact Dorothy Kittner, Corporate Relations, Monisha Shukla, MBA ‘04, 314-935-6365, [email protected] and Ravi, Winston-Salem, NC, a son, Aryaman.

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Sarah Sullivan, EMBA ‘04, Des Moines, IA, a daughter, Sarah Jolenne Bigelow. Joe Stephens, PMBA ‘05, Columbia, SUPPORT OLIN’S MO, a daughter, Catherine Zella. Marriages & SCHOLARS IN BUSINESS Engagements James Blumenfeld, MBA ‘89, Orlando, to Christopher Cooney, March 3, 2009. THE SCHOLARS IN BUSINESS (SIB) PROGRAM “It’s tremendously [email protected] funds nearly one-third of the scholarships awarded to Olin important to invest Jeff Henderson, BSEE/MBA ‘92, St.Louis, to Victoria Schlegel, March students. Olin matches sponsors and students through in incoming 8, 2009. [email protected] Jessica Volk, BSBA ‘98, Chicago, to named scholarships. Sponsors can direct their support to students by helping Justin Strausbaugh, July 11, 2009. either MBA or BSBA students and name the scholarship to make their Kimberly Loeb, BSBA ‘99, Atlanta, to Robert Saul Grossman, July 5, (e.g., honoring a loved one, a mentor or a teacher). Sponsors education afford- 2008. [email protected] are provided with student biographies, and sponsors and able. We must Dana (Kliethermes) Worek, BSBA ‘99, Charlotte, NC, to Will Worek, students are invited to the annual Scholars in Business continue to develop Aug. 16, 2008. Brenda (Harpole) Reinhard, BSBA Dinner (Nov. 5, 2009, in St.Louis). the scholarship ‘00, Chicago, to Paul Reinhard, Sept. 13, 2008. fund if we’re to Chih-Te Cheng, MBA ‘02, attract the bright- Taipei, Taiwan, to Yi-Ting Fan, TWO WAYS TO BECOME SCHOLARS IN BUSINESS Nov. 29, 2008. est students in the A SCHOLARS IN QUICK FACTS Laura (Steinborn) Collymore, BSBA country and in ‘02, Stamford, CT, to Joel BUSINESS SPONSOR Collymore, Aug. 22, 2008. • Current annual tuition the world.” Yueh-Lin Lee, BSBA ‘02, Taipei, An annual gift of at least and fees: Taiwan, to Lee Lei, Oct. 16, 2005. $5,000 (including BSBA – $38,848 Jerry Kent, BSBA ’78/ [email protected] 1 corporate matching gift, Full-time MBA – $41,336 MBA ’79, President & CEO, Tina Lin, MBA ‘02, to Parker Lin, if available) or $2,500 if you Cequel III LLC MBA ‘03, Taipei, Taiwan. • 49% of Olin’s BSBAs and graduated in the last five years full-time MBAs receive Scott Neuberger, BSBA ‘03, and are under the age of 35. Oceanside, CA, to Lydia Brown, Nov. scholarships 8, 2008. [email protected] Siddhartha Dev, MBA, ‘04, Noida, A permanently endowed • The average scholarship India, to Gopika Lall, Feb. 1, 2008. scholarship, which can is $24,200 Hideyuki Matsuda, MBA ‘04, 2 be funded with a gift of • Olin is providing more than Toyko, to Chizuru, March 14, 2009. $50,000 or more, paid over [email protected] $12 million in scholarship a period of up to five years. Ana (Munda) Meade, MBA ‘04, awards this year Anaheim, CA, to Jeffrey Meade, Income from this fund is Nov. 22, 2008. then used to provide a named • 227 sponsors currently Jessica (Kelly) Gallagher, PMBA scholarship in perpetuity*. provide 351 partial- to ‘05, Chicago, to John Gallagher, full-tuition scholarships Sept. 2, 2006. • Endowed Scholarship: Alexander Borchert, BSBA ‘06, $50,000+ St.Louis, to Dana Fromm, Sept. 22, • Sustaining Scholarship: 2008. [email protected] For more information on how DANIEL GRIMM, $100,000+ Ben Sherwin, BSBA ‘06, Chicago, to become a scholarship BSBA ’12, to Deborah Slutsky, June 14, 2009. • Founder’s Scholarship: sponsor, call Sandy Jurgenson was one of five freshmen David Furman, BSBA ‘07, Detroit, $250,000+ at 314-935-5179 or e-mail at Olin to recieve a to Rosa Schon, Dec. 29, 2008. [email protected] four-year scholarship [email protected] • Benefactor’s Scholarship: established by Jerry Kent, Chris Miller, MBA ‘07,to $500,000+ Jeanette May, DPT ‘07, Pittsburgh, BSBA ’78/MBA ’79, and Nov. 1, 2008. his wife, Judy. Tetsuya Udo, MBA ‘09, Tokyo, to Mina, Dec. 24, 2007. [email protected] * Principal of fund is never spent; a portion of earnings used for scholarships; balance is reinvested to retain purchasing power. Scholarship exists in perpetuity, providing means to leave a legacy at Olin Business School and assist generations of students. Additional gifts can be made to the fund anytime, including through one’s estate.

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IN MEMORIAM

Donald B. Wildman, BSBA Ronald Sher, BSBA ‘58, St. Louis 1930s ‘48, Seattle Richard L. Bayer, BSBA ‘59, JEAN EMORY William D. Waller Jr., BSBA Winston J. Gintz, BSBA ‘49, Las Vegas Jean Emory, wife of the late ‘33, Ponte Vedra Beach, FL St.Louis Howard J. Eichhorn, MBA C. William Emory, professor William J. Freschi, BSBA ‘35, Edward L. Horner Jr., BSBA ‘59, Cedar Rapids, IA St.Louis emeritus of marketing at ‘49, Santa Barbara Michael J. Melburn, BSBA Earle K. Rosen, BSBA ‘36, L. Jack Kratky, BSBA ‘49, ‘59, Burke, VA Olin, died Oct. 31, 2008. St.Louis Fort Lauderdale, FL Thomas E. Davis, BSBA ‘38, Rudolph Ludwig, BSBA ‘49, 1960s An integral part of the Olin Laguna Hills, CA Denver Byron W. Jackson Jr., BSBA family, Jean Emory worked John H. Pahlmann, BSBA ‘38, James C. Moloney, LW ‘48/ ‘63, Jackson, MS St.Louis closely with Olin’s Executive BSBA ‘49/GL ‘73, St.Louis Emmett J. Senn Jr., BSBA ‘63, Oliver D. Schweizer, BSBA Don G. Quicksilver, BSBA St.Louis MBA Program starting with its inception in 1982. ‘38, St.Louis ‘49, St.Louis David W. Welch, BSBA ‘63, Robert F. Baumgartner, BSBA Morris S. Rosenthal, BSBA St.Louis In Bill Emory’s earlier years at Olin, he was part of the ‘39, Naples, FL ‘49, St.Louis Judith (Hickey) Engelsmann, Korean project through which several Olin faculty taught William F. Goessling Sr., Arthur J. Reimers, BSBA ‘49, BFA ‘65, St.Louis BSBA ‘39, St.Louis business to Koreans who later became leading educators St.Louis William A. Schainker, BSBA Oscar Klevens, BSBA ‘39, Marvin A. Tzinberg, BSBA ‘66, Chevy Chase, MD and businesspeople in South Korea. Up until her death, St.Louis ‘49/GR ‘63, St.Louis Frank G. Pinckert, BSBA ‘67, Jean Emory remained in close contact with generations of Milton M. Sandstein, BSBA St.Louis Olin alumni and their families in Asia. She was a generous ‘39, Scottsdale, AZ 1950s Donald Raymond Reeves, supporter of Olin and established the C. William Emory Robert H. Blanke, BSBA ‘51/ BSBA ‘61/MBA ‘67, 1940s LLM ‘66, St.Louis Birmingham, AL Endowed Scholarship at his retirement. Audrey (Weber) Baseler, Robert L. Dunavant, BSBA BSBA ‘40, St.Louis ‘50, St.Louis 1970s Harold W. Hegel, BSBA ‘40, John Carl Ellston, BSBA ‘50, James O. Leathers, MBA ‘70, St.Louis Seal Rock, OR Blytheville, AR “HORTY” HARTKOPF KUEHNER Louis M. Ettman, BSBA ‘41, Leonard I. Finn, BSBA ‘50, Harvey Gers, LA ‘69/MBA St.Louis Oak Park, CA ‘71, St.Louis Hortense “Horty” Hartkopf Jerald Gershon, BSBA ‘42, Allan G. Herrmann, BSBA Kenneth E. Runyon, MBA ‘71, Kuehner died April 10, 2009. Overland Park, KS ‘50, North Fort Myers, FL Los Gatos, CA Milton M. Harris, BSBA ‘42, S. Lee Kling, BSBA ‘50, Randy Lavorn Partee Sr., In 1994, she and her St.Louis St. Louis BSBA ‘78, Lawrence, KS husband, Howard A. Neil E. Humphreville, BSBA Dolores (Kriegshauser) ‘42, New London, CT Lansche, BSBA ‘50, St.Louis 1980s Kuehner, both 1940 I. Jack Hunstein, BSBA Michael Howard Riley, BSBA Robert Christopher Mitchell, graduates of Washington ‘41/GR ‘46, St.Louis ‘50, St.Louis BSBA ‘82, Jericho, NY University, established a Lt. Col. Sheldon W. Kirsner, William K. Saigh, BSBA ‘49/ Susan Marie (Utlaut) professorship at Olin in memory of her father, Harry C. BSBA ‘42, St.Louis MBA ‘50, St.Louis McGraw, EMBA ‘86, St. Louis Ruth (Cutler) Wood, BSBA Hartkopf, a St.Louis banker. Harry A. Sander, BSBA ‘50, Rhea L. Jacobs, PMBA ‘87, ‘42, St.Louis Bal Harbour, FL St.Louis Marvin Blitz, BSBA ‘43, Allen R. Burstein, BSBA ‘51, John Manning Sanders, The Kuehners also established an endowed scholarship at Santa Barbara, CA St.Louis EMBA ‘88, Chapel Hill, NC the University’s College of Art and an annual scholarship at Robert W. Mecker, BSBA Benjamin F. Bush II, BSBA ‘51, Olin, both in memory of their daughter, the late Kerry ‘43/GR ‘46, St.Louis St.Louis 1990s Patricia (Hinchey) Fleshman, Kuehner, EMBA ‘87. Robert W. Gessel, BSBA ‘51, Kara Kei-Ling Aya-Welland, BSBA ‘44, Santa Monica, CA McKinney, TX BSBA ‘95, St.Louis Helen (Mankin) Weiss, BSBA William G. Tipton, BSBA ‘51, ‘46, St.Louis St.Louis Friends Hughes A. Bagley Sr., BSBA Shirley (Hedges) Munroe, POWELL NILAND ‘47, Sioux City, IA BSBA ‘52, St.Louis of Olin Powell Niland, professor Leslie H. Grodsky, BSBA ‘47, Duane S. Myers, BSBA ‘52, Betty J. Bohren, St.Louis St.Louis Santa Fe, NM Benjamin F. Edwards III, emeritus at Olin, died Carleton F. Izard, BSBA ‘47, William L. Schauer, BSBA St.Louis April 19, 2009. Niland St.Louis ‘52, St.Louis Leo A. Epstein, St.Louis taught at Olin from 1957 Sam Moskowitz, BSBA ‘47, Thomas F. Moloney, BSBA Bertha Feist, St.Louis until his retirement in 1989. McLean, VA ‘53, St.Louis Gail George, St.Louis Laura Lee (Cutter) Scissors, William F. Dean Jr., BSBA Betty (Sothmann) Halliday, BSBA ‘47, St.Louis ‘54, St.Louis Robert L. Virgil, Olin St.Louis Merle T. Welshans, MAEcon Phillip L. Neuroth, BSBA ‘54, emeritus dean and Esther (Pickard) Hamilton, ‘47/PhD ‘51, St.Louis St.Louis Louisville, CO professor, was among Niland’s first students at Washington Bernard I. Zeid, BSBA ‘47, Constantine G. Pulos, BSBA David Lipman, St.Louis University. He remembers Niland fondly as a teacher, Houston ‘54, St.Louis Mary-Emily Maguire, St.Louis Herbert J. Alpern, BSBA ‘48, Royal O.G. Schwendinger, mentor and friend. “Powell’s contribution to the Olin South Bend, IN BSBA ‘55, Escondido, CA Dorothy (Ross) Moog, St.Louis School was enormous,” Virgil said. “He was very influential Melford N. Cohen, BSBA ‘48, Richard F. Stevens Sr., MBA Idah M. Rubin, St.Louis in the shaping of the MBA program.“ St.Louis ‘56, St.Louis Alyce Schneider, St.Louis Samuel A. Goldblatt, BSBA Raymond J. Mahach, BSBA Dwight T. Seward, St.Louis ‘48/LW ‘51, St.Louis Memorial contributions may be made to the Powell ‘57, Dunn Loring, VA Jackson J. Shinkle, St.Louis Harriet (Schneider) Niland Prize in Operations and Production Management Frederick H. McCann Jr., Brooke Talbot, Washington, DC Holdgrafer, BSBA ‘48, MBA ‘57, Houston at Olin Business School. Indianapolis Edwin Tarkow, St.Louis Ralph W. Hartmann, BSBA Margaret Bush Wilson, Russell B. Kite, BSBA ‘48, ‘51/MBA ‘58, St.Louis St. Louis St.Louis

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YOUR CAREER

Making Sound Career Choices F C A R O E E R Increased competition and the changing employment market make career decisions more difficult for both experienced and recent graduates. Job seekers must manage the career decision-making process to help differentiate themselves from the pack.

Olin’s Weston Career Center (WCC) works to build long-term partnerships D with employers to connect them with the Olin talent that best meets their E C hiring needs. The WCC also guides students throughout their career I G S I N journey — before, during and after graduation. The career coaches offer O N K I personalized advice that matches each student’s unique skills and interests M A with a plan tailored to his or her career aspirations. The WCC recommends the following four principles for making a sound career plan:

1. self-awareness Career success is about self-awareness. More important, you will be able to Unfortunately, it can be difficult to attain better manage the areas of “misfit” once without a clear picture of yourself and you know where they are. what you want to become. What are your strengths and weaknesses? You must Once you have found a job that fits well recognize and understand your strengths with your self-assessment, you should in order to manage weaknesses. Self- build upon the areas that provide a good awareness can also help you assess and fit. Master the job skills required to excel, define your personal needs, desires, and be sure to focus on the present and be abilities and styles. less concerned about the next promotion. Excellence, dependability and consistency Through open and honest self-awareness, are vital to building a solid reputation. you can avoid one of the pitfalls of many job seekers — and find a job that satisfies 3. interdependence popular needs and desires. Take an active Remember to identify and prioritize your role, and clearly define what you seek in work-life issues, including the professional, the workplace. financial, educational, spiritual, social, recreational and intellectual facets. “You” Ask yourself the following questions: are all of these facets combined. Every » What are my skill sets? career decision will affect your physical, “No matter the job » How do I think? emotional and intellectual self as well as » How do I approach problems? your relationships, outside interests and market, employment » What are my personal and interpersonal sense of fulfillment. It’s a critical undertak- outlook or experience, work styles? ing, but taking stock can help you make » What do I consider an ideal work culture? more informed decisions. the job seeker who » What are my outside interests? 4. adaptability understands the four Effective career decision making begins Change happens. Your ability to respond basic principles of career with an understanding and clear definition to change is fundamental to implementing of yourself. You will have a higher probabil- your career success/progression. If you are decision making will be ity of attaining your job choice when you set in your ways, if you are too sensitive take an active role in your job search. to change, you will hesitate and be left positioned to make a behind. Keep yourself adaptable by sound career choice.“ 2. fit developing a range of skills and interests. The search for fit begins with questions Be sure to follow the trends within and Mark Brostoff designed to generate information around outside your organization. Get an under- Associate Dean and Director, career scope. While a “perfect fit” is diffi- standing of your boss’s job and the demands placed on him or her as a result Weston Career Center, cult to achieve, striving for higher degrees of fit will increase job satisfaction. of the job. [email protected]

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OlinBusiness Magazine NON PROFIT ORG. Campus Box 1162 US POSTAGE One Brookings Drive PAID St.Louis, MO 63130-4899 ST.LOUIS, MO PERMIT NO. 2535

We want to hear from you about our alumni magazine. Please e-mail your comments to us at [email protected].

BSBA Admissions 314.935.6000 [email protected] Full-time MBA Program and Professional (Evening) MBA Program 314.935.7301 [email protected] Executive MBA-St. Louis Creating knowledge…Inspiring individuals…Transforming business. 314.935.9009 [email protected] WHO WE ARE Executive MBA-Shanghai Olin is an institution of leaders: inspiring faculty and exceptional staff…exhilarated, +8621 5566.4788 [email protected] brilliant students…and successful, energized alumni. Our mission is to: Master of Science in Create knowledge…Inspire individuals…Transform business. Finance Program 314.935.7301 This is our reason for being. It is unchanging. It has guided our pursuits for generations [email protected] and continually inspires us to assess how we must change to best fulfill our mission in Master of Accounting Program 314.935.7301 the years ahead. [email protected] In all we do, we are guided by a small set of timeless core values: Master of Science in Supply Chain Management Program • Free, open and disciplined intellectual inquiry — We are rigorous, boundless and unrestricted 314.935.6380 in our passion for creating new knowledge. [email protected] • The transformative power of learning — We are all lifelong learners who want to grow and PhD Program develop continually. Everyone is a teacher and a learner. 314.935.6340 [email protected] • Community and collaboration — We are straightforward, welcoming, supportive people. Our Executive Programs (Nondegree) interactions are the source of new insights, trust and a deep sense of belonging. 314.935.9494 • Integrity and responsibility — We are fair and ethical in all we do. Taking the right way, as opposed to [email protected] the easy way, is a fundamental responsibility that goes with our privilege of being a business school Weston Career Center and its impact on society. 314.935.5950 • World-class quality and results — We deliver excellence, always. [email protected] Brookings Executive Education 800.925.5730 [email protected]

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