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THE GIFT of TRANSFORMATION Kevin Chou, BS 02, and His Wife, Dr

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THE GIFT of TRANSFORMATION Kevin Chou, BS 02, and His Wife, Dr THE MAGAZINE OF THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY University of California, Berkeley Nonprofit Organization Haas School of Business U.S. Postage 545 Student Services #1900 Paid Berkeley, CA 94720-1900 University of California, Berkeley BerkeleyHaasSpring 2017 8 MODELING PORTFOLIOS 10 GENDER EQUALITY 18 COMMUNITY DRIVEN Prof. Nicolae Gârleanu’s work on financial Prof. Laura Tyson’s UN report argues for Founding donors who led the way for Haas’ models help investors build optimal portfolios inclusive economic growth new building to be privately funded THE GIFT OF TRANSFORMATION Kevin Chou, BS 02, and his wife, Dr. Connie Chen, donate up to $25 million to Berkeley-Haas to inspire student entrepreneurs and young philanthropists. Question the Status Quo Confidence Without Attitude Spring 2017 EXECUTIVE EDITOR FEATURES AND DEPARTMENTS The New Building Issue Ute Frey Students Always UP FRONT MANAGING EDITOR Beyond Yourself Amy Marcott DESIGN Cuttriss & Hambleton, Berkeley Berkeley-Haas alumni enjoy 30% off STAFF WRITERS Laura Counts, Valerie Gilbert, their first open-enrollment program Kim Girard, Pamela Tom Alvaro Silberstein, MBA 17 then 15% off every program thereafter CONTRIBUTING WRITERS Charles Cooper, Krysten 2 Haas List Crawford, Andrew Faught, Student navigates Patagonia Kate Madden Yee, Mike Rosen, in wheelchair Sam Zuckerman Upcoming Programs 4 Haas News Haas initiative creates Smart PHOTOGRAPHY Villages in India Noah Berger, Jim Block, Karl Nielsen, Pedro Paredes-Haz 6 Power of Ideas How GPS data can help mobile ILLUSTRATORS marketers prosper Davide Bonazzi, Rob Dobi, 8 Power of Ideas Jeff Stikeman Helping investors build optimal investment portfolios BerkeleyHaas magazine is published by the Haas School IN THE BACK of Business, University of California, Berkeley. For further information, contact: BerkeleyHaas Magazine Editor Haas School of Business In recognition of a donation from Kabam co-founder Kevin Chou, BS 02, and his wife, Dr. Connie Chen University of California Berkeley, (above), Berkeley-Haas will name its new building Connie & Kevin Chou Hall. Theirs is the largest CA 94720-1900 personal gift to UC Berkeley by an alum under the age of 40. Page 12 [email protected] BerkeleyHaas Spring 2017, Number 94. Catherine Atzen, BCEMBA 07 10 What’s Blocking Gender For change of address, email 20 Haas Network [email protected]. Equality? Alumni from ATZEN, BlackRock, The Berkeley Executive Financial Acumen for Leaders A UN report co-authored by Haas Prof. Laura Tyson offers a business case Houzz, Poshmark, and Back to for inclusive economic growth. the Roots Leadership Program May 8–12, 2017 24 Worldwide Events May 1–5, 2017 Panos N. Patatoukas, Haas associate professor, named a Top The Haas Gala showcases Faculty Director: Maura O’Neill, Haas distinguished teaching 10 Business School Professor Under 40 by Fortune, two-time 12 The Gift of Transformation inspiring alumni Cheit Award for excellence in teaching fellow, 2-time Cheit Award for excellence in teaching, serial Building donors Kevin Chou, BS 02, and Dr. Connie Chen want their 26 Connections entrepreneur, former Presidential appointee as chief innovation Ideal For: Both non-financial and financial executives who gift to honor the public mission of UC Berkeley and to provide educational Alumni Forums allow for officer/USAID need to deepen their knowledge of financial information access to all students. professional, personal growth Ideal For: Senior executives who want to expand their leadership analysis when making strategic decisions that significantly 28 Accolades capabilities to drive growth, performance & awesome culture. impact the company’s performance. 18 Community Driven 28 Alumni Notes The vision of Ned Spieker, BS 66, made Haas’ new building a reality. He is one 35 In Memoriam of five founding donors who led the way for it to be completely privately funded. 36 Personal View Lisen Stromberg, MBA 91, on Find the right opportunity for you and your team why the economy depends on helping parents thrive executive.berkeley.edu Cover photo: Noah Berger CONTACT: +1.510.642.9167 Spring 2017 1 Haas List Collaborations Students M.E.T. Takes Off There’s strong Wheeling 5 interest in the Alumni PHOTO: JIM BLOCK PHOTO: new Management, En- the World 2Hiring Trends trepreneurship, & Tech- nology (M.E.T.) Program Alvaro Silberstein, MBA 17, who was Technology, consulting, Benefits & Services that will allow admitted and finance remained partially paralyzed by a drunk driver at undergrads the top three career Claim Your to earn age 19, doesn’t let a wheelchair hinder fields for the Full-time Address!4 degrees in his mobility. In December, the Chile Berkeley MBA Class of both en- 2016, with a notable Using a Berkeley email native successfully navigated the rocky gineering tripling of positions in address carries a certain and busi- terrain of Patagonia’s Torres del Paine consumer packaged cachet, which is why ness over National Park with a support team that Alumni Research goods and retail. About so many Haas alumni 8 four years. 90 percent of the 245 use email forwarding. Marjorie included experienced mountaineers, In the first graduates reported that That service is getting DeGraca, BS 87 disability experts, and fellow student application Performance they had accepted job an upgrade, so to keep season, over 2,000 stu- Matan Sela, MBA 17. Silberstein’s crew offers within three it going (or to initiate dents applied for 50 spots. used the handles and harness of a special months of graduation. it), you need to claim Seating Manbassador leads Patrick Ford and The career goals of those Pay was strong with an your @berkeley.edu trekking wheelchair (like one used to If you want to increase your productivity, where you sit Mike Matheson (third from left) with admitted range from en- average salary of email account with free matters, says research by Dylan Minor, PhD 11. Minor, Women in Leadership (WIL) Conference trepreneurship to finance reach base camp at Mt. Everest) to help Co-Chairs Shipra Agarwal and Chiaki $122,488, a median storage and calendaring. an assistant professor at the Kellogg School of to tech careers. Marjorie him traverse steep inclines. Silberstein Nakajima, all MBA 17s salary of $125,000, and Alumni email addresses Management, and his co-author, Jason Corsello, DeGraca, BS 87, has been an average sign-on ending in mba.berkeley. started the nonprofit Wheel the World analyzed two years’ worth of data on more than 2,000 named the program’s bonus of $24,777. edu, haasalum.berkeley. employees of a large global tech company. They looked inaugural executive di- to raise money for the $8,000 wheel- Thirty-nine percent of the edu, and alumni.haas. at floor plans over time and broke worker performance rector. DeGraca launched chair. He then left it behind for the next class accepted technology org will now be managed into three metrics: productivity, effectiveness, and the Berkeley-Columbia Diversity jobs, with Google, Adobe, through this @berkeley adventurer and it’s already been used. quality. They found that replacing an average Executive MBA Program Facebook, and Amazon account. Learn more at Next trip? Easter Island. Watch Silber- performer with one who’s twice as productive results in and the Berkeley MBA for the top employers. haasalumni.org/email. neighboring workers increasing their own productivity Executives Program and stein discuss his training: haas.org/ by about 10 percent. Pairing opposite strengths was Manbassadors led evening and weekend patagonia-trek. the best seating arrangement. Those who favor speed and executive MBA ad- over quality had a 17 percent gain in effectiveness missions for 16 years. (fewer unresolved tasks) when sitting next to those Advance who produced superior work slowly. Likewise, slow but quality workers sped up by 13 percent when paired Pop Culture with speedy types. Learn more in the Harvard Business Feminism Haas on Review article: haas.org/dylan-minor. A group of men at Berkeley-Haas is working to ensure that TV gender equity is high on the consciousness of male leaders. The Legendary Awards 6 NBA all-star Haas “manbassadors,” led by Patrick Ford and Mike Matheson, and commentator Bill Honoring Obama MBA 17s, through the Women in Leadership (WIL) Club, have Walton gave Berkeley- President Barack Obama involved about a third of full-time MBA men in programming Haas a shout-out 9 was honored by Berkeley- during the televised Cal Haas as a global open-innovation that creates opportunities for self-education and personal Faculty 3 men’s basketball game Alvaro Silberstein, leader during the World Open Innova- growth around gender equity at Haas and beyond. Activities against Oregon in Febru- MBA 17, trekking tion Conference in Barcelona. The Building Influence ary. Not only did Walton Patagonia via Garwood Center for Corporate include Guy Talk, a regular, nonjudgmental meeting for men to The “father of open innovation” Henry Chesbrough, wear a Defining Principles wheelchair Innovation gives the award, which share ideas and learn. One session had women answering PhD 97, has another accolade to add to his long list of T-shirt while broadcast- recognizes a global leader who uses accomplishments: a building named for him in Pivot ing, he focused his “Wal- open innovation to create significant change. Obama, questions about their experiences with sexual harassment. Park, an open innovation life sciences campus in Oss, ton’s World” in-game seg- who accepted the award in absentia,
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