Dividend University of Michigan Business School Spring 1999

REUNION,REUNION, TogetherTogether Again!Again!

PLUS: Gene Imhoff on Foreign Investing in U.S. Markets University of Michigan Business School Reunion99 October 21 –24, 1999

We’re holding a spot for you

Celebrating all alumni, and especially the Classes of ’59, ’74, ’79, ’89, ’94, and ’98.

For further information, call Alumni Relations: 734-763-5775 E-mail: [email protected] Details and registration on web site: www.bus.umich.edu/ reunion99

It’s time to come back to Ann Arbor! Volume 30, No. 1 Dividend Spring 1999

2 Across the Board News of the University of Michigan Business School—Asian Business Conference… C. K. Prahalad and Kenneth Lieberthal win McKinsey Award… Wolverine Venture Fund…Global Learning Center— from Ann Arbor and around the world. 7 Faculty Opinion Barbara Everitt Bryant, former director of the U.S. Bureau of the Census, explains why there is no consensus on the census. 9 Quote Unquote Who is saying what…and where. Page 10 10 Reunion ’98 For three days, 900 B-School graduates gathered for a weekend like no other. 20 Putting the MBA to Work Alumni panel shares experience and advice during Reunion ’98. 22 Compromising Standards Threatens Capitalism Gene Imhoff, chair of the Department of Accounting, discusses foreign investing in the U.S. capital markets.

27 Ovation Financial support boosts professorships, endowment and recruiting. Page 20 31 Club News Boston, Hong Kong, , New York, , , San Francisco, , South Florida, Washington, D.C. 33 Alumni Club Calendar of Events Page 22 34 Class Notes The goings-on of friends and colleagues, profiles of Aparna Agrawal, MBA 82; John W. Norris III, MBA ’84; Julie T. Wu Lee, MBA ’85; Pamela E. Starrett, MBA ’88; and Yuval Moed, MBA ’91. 47 Alumni Network Update Strengthen ties with the University of Michigan Business School: Complete and return your update form today!

Cover photo of Philip A. Dawson, BBA ’93, at Reunion ’98, by Michael J. Schimpf Dean: B. Joseph White; Associate Deans: Susan J. Ashford, Gautam Kaul, F. Brian Talbot Editor: Cynthia Shaw; Class Notes and Copy Editor: Fred P. Wessells Contributors: Susan Bleznick, Claudia Capos, Eldonna May; Editorial Assistant: Julie Antis Designer: Blue Pencil Creative Group, Ltd. Chief Photographer: Michael J. Schimpf; Photographers: Peter Ingalls, Bill Wood Copyright ©1999 The University of Michigan Business School. This publication is produced by the Office of Communications and made possible through the generosity of private donations. ACROSS THE BOARD

Asian Business Conference Agenda for Recovery is Clear: Success Hinges on Reform ow did the “Asian Breedlove, MBA ’80, Steven turnarounds will be difficult discipline and accounting Htiger” turn into the Wynn, MBA ’83, Peter in Indonesia, where 85 per- standards, and increasing “Asian crisis?” Trager, MBA ’89, Charles cent of the loans are non- managerial skill bases, for Frank, energetic discus- W. Breer, MBA ’92, Craig performing (valued at example—can be accom- sions about Asia’s financial Phares, MBA ’92 and $34.1 million) ; and South plished internally or only woes and its prospects for Makoto Ariga, MBA ’93— Korea, which is held in the through intervention by recovery created a highly who spoke from their van- vice-like grip of five pow- multinational corporations charged atmosphere as par- tage points at corporations erful controlling families remains to be seen. ticipants debated the issues with major interests in Asia. (called chaebols). Looking “Don’t write off Asia yet,” at the Business School’s 9th At the opening session, at the other end of the concluded Prahalad. “The Asian Business Conference, keynote speaker C. K. spectrum, Prahalad said, countries that come back will held January 28–29. More Prahalad acknowledged the “I don’t believe Hong Kong, compete with new vigor. than 700 students, faculty Asian crisis took nearly Singapore and Taiwan have When they do, they will be and business professionals everyone by surprise. “Five a problem.” tougher. It’s not time for attended the two-day event. years ago, the discussion was: In any case, whether champagne and cigars yet.” Key international figures, Is Asia going to lead? Today, the wide-ranging reforms including Dr. Dorodjatun the question is: Is Asia going needed for economic Kuntjoro-Jakti, Indonesia’s to survive?,” said Prahalad, recovery—eliminating crony ambassador to the United the Harvey C. Fruehauf capitalism, restructuring States, and Dr. Suk-Chae Professor of Business assets, instilling corporate Lee, former chief economic Administration and pro- governance, adopting credit advisor to the president of fessor of corporate strategy Korea, provided valuable and international business. insights into the recovery “With few exceptions, prospects and economic nobody saw this coming.” THE ASIAN BUSINESS future for their respective In retrospect, Prahalad CONFERENCE IS THE countries. Complementing added, “The success of Asia Business School’s largest their views were eight com- contained the seeds of its annual student organized pany CEOs or presidents, own failure.” Factors that event, with involvement including Fuji Logitech initially led to tremendous from more than 50 men and president Takeo Suzuki, growth in the early 1990s— women from five different MBA ’76, and other Business crony capitalism, increasing University of Michigan School graduates—Mark dependence on export-led degree programs. Linda growth, conglomerate diver- Lim, associate professor of sification, financial leverage international business and and excess capacity—even- director of the Southeast tually contributed to the Asian Business Program, Frank Chong, MBA2, and region’s economic collapse serves as the faculty advisor. Mark Guthrie, MBA1, led the planning of the 1999 in 1997. The theme, “Recovery in Michael J. Schimpf Michael conference. He cautioned against Asia,” offered eight panel bundling all countries in discussions made up of 26 speakers who discussed region- Asia into the same economic and industry-specific topics such as Greater China, South Asia, package: “If there is one ASEAN, Japan, high technology and telecommunications, thing we’ve learned from finance, marketing and operations. “Despite what has been the Asian crisis, it is this: going on in Asia, companies and governments represented at Don’t look at Asia as a the conference were cautiously optimistic about the region’s monolith…there are all future,” says Frank K. Chong, MBA/MA China Studies ’99 and kinds of differences.” chair of the 9th Asian Business Conference. “Companies Economic progress will remain committed, believing Asia is the next market to ener- be determined largely by the gize. Our theme, ‘Recovery in Asia,’ reflected that outlook.” highly differentiated capaci- For comprehensive coverage of the conference or to learn ties for renewal among Asian more about the upcoming January 20–21, 2000, conference, C. K. Prahalad countries. He said economic visit www.umich.edu/~asiabus.

2 / SPRING 1999 Intellectual Capital Breakthrough Thinking on Emerging Economies Wins McKinsey Award K. Prahalad and An Interview with Dell new business models. The C.Kenneth Lieberthal Computer’s Michael Dell.” authors guide readers have won a McKinsey Award In “The End of through five questions com- for their article, “The End of Corporate Imperialism,” panies must answer to com- Corporate Imperialism,” Prahalad and Lieberthal, pete effectively. which appeared in the who is currently on leave For the past 40 years, the July–August 1998 Harvard from the Business School to McKinsey Foundation for Business Review. serve as special assistant to Management Research has The article, written the president and senior offered awards recognizing by Prahalad, the Harvey director for Asian affairs the two best management C. Fruehauf Professor of at the National Security articles published each year Business Administration and Council, observe that when in Harvard Business Review. professor of corporate multinationals first entered The awards recognize out- strategy and international emerging markets in the standing works that are likely business, and Lieberthal, the 1980s, they saw them as to have a major influence on William Davidson Professor opportunities to unload old the actions of business man- of Business Administration, products and sunset tech- agers worldwide. professor of international nologies. But they met with business and the Arthur F. limited success. To be com- Thurnau Professor of petitive in the emerging con- To obtain a reprint of “The End of Corporate Imperialism,” Political Science, tied for the sumer markets of the check the appropriate entry on the Alumni Network second-place award. Joan post-imperialist age, the Update form, which appears on the last page of this Magretta won first place authors contend the multi- magazine, and return the completed form in the self-addressed for her article, “The Power nationals must now develop envelope provided. of Virtual Integration: a new mind-set and adopt

The Alumni Society Board of Governors welcomes its new members: • Ted Haddad, BBA ’92, vice president, R. H. Bluestein & Co., Birmingham, Michigan • Andre McKoy, MBA ’92, vice president, Global Project Finance—New York, Citicorp Securities • Edward “Ted” Michael, MBA ’68, Naples, Florida • Jill Rupple, BBA ’86, director of recruiting, Diamond Technology Partners, Chicago • Michele Takei, MBA ’74, senior manager, Treasury Planning and Analysis, Sun Microsystems Inc., Palo Alto, California • George Vrabeck, MBA ’89, vice president, Strategic Planning and Development, In the last issue of Dividend, Michelle Munro, MBA ’97, was inadvertently not The Flood.com LLC, Newport Coast, identified in the Ford Motor Company photo reproduced here. We regret the California error. The 1999 Mustang has everyone smiling (left to right): Rebecca Clark, • David Whetstone, MBA ’89, director, MBA ’95, John G. Chin, MBA ’93, Diana D. Di Rita, MBA ’93, Lew Echlin, Strategy and Segment Development, MBA ’97, Michelle Munro, MBA ’97, Thomas Clemons, MBA ’92, and Richard Airtouch Cellular, Walnut Creek, Van House, MBA ’70. California

Dividend / 3 Entrepreneurship School’s Venture Fund Invests in Healthcare Company n innovative healthcare the University of Michigan’s management processes. highly representative of Asoftware start-up has School of Information, who Centromine also will gen- cutting-edge venture invest- secured a $100,000 invest- now serves as director of erate revenues by consulting ment opportunities. It is ment from the Wolverine product development. to the mental health situated at the intersection Venture Fund, the University Centromine’s windowed industry. Enterprise of several rapidly changing of Michigan Business software products have been Development Fund, an Ann high-technology industries: School’s venture capital fund designed to either replace Arbor–based venture capital healthcare software, health- created by the Alumni or enhance existing systems, fund, is a major investor. care consulting, Internet Society Board of Governors which are in need of dra- “The students on the and intranet applications to financially benefit the matic upgrade industry-wide. Wolverine Venture Fund and e-commerce.” Business School and provide The products allow health advisory board have had a The Wolverine Venture actual venture investing care organizations and pro- terrific educational experi- Fund made its first invest- experience to students. fessionals to operate more ence as a result of this invest- ment in IntraLase, a com- Centromine Inc. develops efficiently through flexible ment decision,” says Karen pany developing a new class and markets Web-based data management, various Bantel, MBA ’84/PhD ’87, of ultra-precise, minimally “middleware” software to reporting alternatives and adjunct associate professor invasive surgical lasers to cor- mental health organizations. facilitated communication of corporate strategy and rect eye ailments, in 1998. The company was founded links among participants as Wolverine Venture Fund fac- by Fred Bayoff, a graduate of well as integration with care ulty advisor. “The firm is

Executive Education J. Stewart Black to Direct Asia-Pacific Human Resource Partnership

he Asia-Pacific Human activities and to enhance ment in Glendale, TResource Partnership, interdisciplinary research in Ariz. At Michigan, a Hong Kong–based con- the Asia Pacific region. he also will hold the sortium of leading multi- Black served previously title adjunct pro- national firms and the as an associate professor fessor of business University of Michigan of organizational behavior administration. Business School, has named at Dartmouth College in Black is a J. Stewart Black its new exec- Hanover, New Hampshire, graduate of the utive director. Under Black’s and as professor of inter- University of leadership, the Business national strategy and manage- California– Irvine; School seeks to expand the ment at Thunderbird—The he earned his visibility, quality and volume American Graduate School doctorate in 1988. of its executive education of International Manage- He also is the author or co-author of eight books, nearly 40 refereed THE ASIA PACIFIC HUMAN RESOURCE journal articles PARTNERSHIP MEMBER FIRMS and numerous conference pro- include: ABB, Cathay Pacific, DaimlerChrysler, FMC, ceedings and practi- ICI, Motorola Electronics, Philips Electronics, Taiwan tioner articles. Semiconductor Manufacturing Co., Acer, Citybank, N.A., Dow The Asia Pacific Human box) interested in building Chemical, Mitsubishi, Jardine Pacific Group, NEC Corporation, Resource Partnership was relationships and exchange Procter & Gamble, Allied Signal, Colgate Palmolive, DuPont, established in 1996. Its cur- information through execu- Honda Motor Co. Ltd., Kodak, Northern Telecom, Sony rent membership consists of tive forums, discussion Corporation, Tricon, American Express, Cummins Engine, senior human-resources roundtables, in-depth work- Federal Express, Hongkong Telecom, Michelin, Pepsi-Cola executives from more than shops and annual-best prac- International, Bank and Volkswagen. 30 select companies (see tices studies.

4 / SPRING 1999 Legacy Celebration of 75 Years Begins with Challenge to Innovate n an effort to bring 1999–2000 academic year,” leading innovator in man- legacy gifts to the Business Ideeper meaning to and he says. agement education and School, the results of which derive lasting benefit from Through intensive com- financial strength, will be announced in the the Business School’s 75th munity-wide creative brain- our perform- fall issue of Dividend. anniversary celebration storming and concrete ance and rep- Associate Dean Gautam during the 1999–2000 action, White hopes this utation have Kaul heads the 75th academic year, Dean B. effort will catapult the never been Anniversary Challenge Joseph White has issued an Business School five years better. But Steering Committee. “Anniversary Challenge” to into the future and set the we know students, faculty, staff and agenda for continuing that in a com- Board members. growth and development petitive world, “I propose we join hands well into the next century. complacency is the to pursue a shared goal of “We pursue this goal enemy and it is always achieving new standards from a position of strength,” wise to capitalize of excellence in all the he says. “By most indicators, on momentum.” Business School’s key including demand for our Individuals and resources—people, pro- programs, the quality of our units are submitting grams, facilities and infra- students, the stature of our Anniversary Challenge structure—by the end of the faculty and our role as a gift ideas for selection as

Martin Luther King Jr. Day ‘Re-dream the American Dream,’ Urges Johnetta Cole ohnetta B. Cole, the first African-American female president Jof Spelman College in Atlanta, urged Michigan students and faculty to “think about your responsibility to re-dream the American dream of equality.” Her appearance at the Business School highlighted the observance of Martin Luther King Jr. Day in January. Cole cited the 9,000 hate crimes that were reported in 1996 and the many examples of bigotry and intolerance that have spawned conflicts in such places as Bosnia, Northern Ireland and the Middle East, and declared, “We are still judging folks by the color of their skin…and other things that are totally irrel- evant to the content of their character.” Praising the late Dr. King as a “loving man who courageously J. Schimpf Michael carried Gandhi’s non-violence philosophy,” she insisted that individuals, universities and the corporate community all must work together to promote Last November, Dean B. Joseph White and the Development racial equality. Advisory Board saluted Richard Rogel, BBA ’70 (right), for “The greatest tragedy of this his superior service as chairman of the Business School’s period of transition,” she said, National Campaign Committee and the overall capital cam- recalling Dr. King’s words, “is paign. The five-year effort yielded $125 million for the Business not the glaring noisiness of the School. Rogel, who has served on the board since it was so-called bad people, but the founded in 1980 by former dean Gilbert Whitaker, will con- appalling silence of the so-called tinue as chair. good people.”

Dividend / 5 Technology Center Is Created to Advance Global Teaching and Learning ean B. Joseph White ence we have gained from tions abroad. Graham and student skills in using Dushered in the new year the Global MBA Program Mercer, administrative technology as a supplement by announcing the creation and from experimental pro- director of the Global MBA to classroom teaching, of a global learning center grams conducted with BT Program and the Business providing technology to to advance the Business (formerly British Telecom),” School’s Leadership enhance project courses by School’s capability and com- he said in January. Development Program, improving student/faculty petitiveness in the use of The Global MBA will direct the new global interaction, and assisting fac- information and commu- Program delivers education learning center. Associate ulty in creating alternative nication technology for through an innovative model Dean Gautam Kaul will serve modes for dissemination of teaching and learning. that combines cutting-edge as the senior faculty advisor. their scholarly work. “The center will build on technology with on-site Activities of the center the knowledge and experi- teaching in selected loca- include developing faculty

Career Development Students Spearhead First NYC Forum for Entertainment and Sports Industries orty Michigan MBA and tatives, including alumni Morning America, HBO, make their senior executives FBBA students flew to Man- of the Business School, an Children’s Television Work- available to spend time with hattan in January to meet opportunity to share their shop and NBC Sports. us and answer our questions. with industry insiders during insider’s information on how On the second day of the Many company reps were the First Annual Entertain- to break into the field. NBC forum, several companies impressed with this initiative ment and Sports Industry and PricewaterhouseCoopers sponsored informational ses- and commented that they Forum held at NBC head- were both major sponsors sions at their offices. “I was couldn’t recall any other quarters in . of the event. Other partici- pleasantly surprised at how school putting together a The effort was driven by pants included Viacom, supportive the participating program like Michigan did.” Marlo Scott, MBA 2, and Showtime, Nickelodeon, firms were,” Oh says. “They Thomas Oh, MBA 1, of the Viewer’s Choice, ABC, Good were more than willing to (See back cover for more photos.) Business School’s Marketing Club. “The forum truly is a testament to the fact that where passion and persist- ence prevail, like with so many student initiatives here at Michigan, a small group of students can open seemingly closed doors,” Scott says. “I am thrilled we were able to provide our fellow classmates with this opportunity.” Dan Root for Steve Friedman Photography What was provided was access to an industry—enter- tainment and sports—that holds great appeal to certain students but has no struc- tured method for job place- ment. The purpose of the two-day forum was to show- case Michigan’s student talent Forum planners Thomas Oh, MBA 1 (far left), and Marlo Scott, MBA 2 (far right), and give company represen- pose with Margaret Lazo and Larry Rutkowski, MBA ’89, of NBC.

6 / SPRING 1999 FACULTY OPINION No Consensus on the Census

By Barbara Everitt Bryant

n January, a controversial counted. Throwing more money at political arena, where the apportion- Supreme Court ruling rekindled the problem will not help. ment of House seats, redistricting at the long-simmering debate over Granted, the census does err in the state and local level and, to some Ihow the Year 2000 census will the opposite direction by counting degree, the distribution of more than be taken, and dealt a serious blow to some people twice. But even when $180 billion annually in federal pro- proponents of a plan to use modern an adjustment was made for that gram funds is dependent on the statistical methods to improve the overcount in 1990, the net under- count. Inaccurate numbers also can accuracy of the nation’s once-a- count was an estimated 4 million negatively impact corporate America, decade head count. The Court ruled people (greater than the population because many business decisions are that sampling and estimation cannot of the City of Los Angeles), or affected directly or indirectly by be used for apportionment of 1.6 percent of the population. census-related information. Congressional seats to the states. Inaccuracy of that magnitude As director of the Census Bureau The problem with the census is can have serious ramifications in the under the Bush administration, that it is impossible to count everyone in our country. No matter how hard we try, some people will be missed. Our society simply has become too diverse and too mobile to tally those who do not respond to census ques- J. Schimpf Michael tionnaires or, through apathy, igno- rance or fear, are unwilling to be

Barbara Everitt Bryant, now an adjunct research scientist in the Business School, was director of the U.S. Bureau of the Census from 1989 to 1993, appointed by President George Bush. She is the author of Moving Power and Money: The Politics of Census Taking (Ithaca, NY: New Strategist, 1995). Previously, she spent 19 years in the private sector, working on survey and marketing research as senior vice president of Market Opinion Research. Bryant joined the Business School faculty in 1993 and is currently managing director of the American Customer Satisfaction Index at the National Quality Research Center.

Dividend / 7 I faced a similar problem when I uncounted include people from The upshot is that the ensuing headed the 1990 census. I realized, ethnic minorities and low socio- Congressional fight over the use of as the census evolved, more changes economic levels, who are more likely funds budgeted for the 2000 census would be needed if we were to to vote Democratic. Adjusting the will be divisive. Congress has put a reduce the net undercount and census, they contend, could swing hold on Census Bureau spending improve accuracy in the future. some Republican House seats over to after June 15. Therefore, I supported a plan the liberals and impact state/local It is possible (although it will for 2000 to augment the traditional district boundaries. (Personally, I stretch the Census Bureau) to do two methods—mailing census question- think the voting effects are over- types of census—a direct count for naires and making return calls to estimated, given that half the net apportionment with costly, labor- nonresponding households—with undercount in 1990 were children. intensive return calls to nonre- the use of sampling and statistical However, an adjusted count will sponding households and a large estimation. Under this type of plan, affect district boundaries marginally.) sample survey after the direct count is a large-scale sample survey is con- House Republican leadership also completed to estimate and adjust the ducted after the regular census is argues that using sampling could census for undercount. taken, and the names on the survey lead to massive cheating, an unfair Time is a critical factor. The are compared to those in the census accusation directed at a scientific, apportionment count must be deliv- to determine who was counted and statistical agency. ered to the President by December who was not. A statistical estimate of Democratic leaders, the Clinton 31, 2000, and the data for redistricting the net undercount is then added to administration, large cities and mem- must reach the states no later than the direct head count. bers of both parties in fast-growing April 1, 2001. In 1990, the Census Bureau did states favor the use of sampling and Cost is also an obstacle. The conduct post-census research, which statistical estimation. Democrats cost of the 2000 census is expected to reach $4.5 billion, up from $2.6 billion in 1990 when only 65 per- The problem with the census is that it is cent of mailed questionnaires were returned and 37 million house calls impossible to count everyone in our country. were needed. Doing two counts will No matter how hard we try, some people will be cost more. missed. Our society simply has become too Where does this controversy leave those of us in the business diverse and too mobile to tally those who do sector? Whether we know it or not, not respond to census questionnaires or, we all depend on census information and would benefit from a more accu- through apathy, ignorance or fear, are rate count. unwilling to be counted. Location decisions for everything from franchise outlets to major shopping malls or new factories are proved valuable in helping estimate believe reducing the net undercount made on the basis of population more accurately who was missed. As could impact apportionment and numbers and characteristics. director, I recommended at the time redistricting favorably and whittle Corporations need to know the that statistical estimation be used to down the GOP’s six-seat margin demographics of their customers and adjust the 1990 census results accord- in the House. Cities and states that their available workforce. Radio and ingly. However, after considerable have been undercounted in the past television stations want statistical debate, Secretary of Commerce hope improved census methods information on their target audi- Robert Mosbacher chose not to adjust, would bring more federal funds to ences. Expanding small businesses and let the census stand as it was. their constituencies. need population growth projections. With the approach of the 2000 Although the Supreme Court’s All these data come directly or indi- census, the political debate over decision virtually guarantees there rectly from the census. whether to use sampling and statis- will be a significant net undercount Whether government officials can tical estimation surfaced again, even in the 2000 census for apportion- put aside their partisan concerns and though the Census Bureau had ment, the justices left the door ajar conduct the 2000 census in a way that researched and was planning to use by agreeing statistical methods can will enhance its accuracy remains to better methods than in 1990. be used when census data is utilized be seen. I, for one, believe it is time House Republicans oppose for all other purposes, including to move on to modern methods that the use of modern statistical federal-funds distribution and state/ will keep pace with the demands of tools because they believe the local redistricting. the 21st century.

8 / SPRING 1999 QUOTE UNQUOTE

“In business schools across the U.S., manufacturing’s image problems begin with the naïve notion among students that we are becoming a service-based economy. Not only does this make the implicit assumption that services and manufacturing are different animals, when they are not, it begs the question of where all the hardware in our lives will come from. We cannot run an economy by washing each other’s imported cars.”

William S. Lovejoy, the John Psarouthakis Research Professor in Manufacturing Management, in the Industry Week article, “Global Manufacturing Portfolio” Jan. 1, 1999.

“There is a growing realization in our schools that “I was pretty content with my résumé when I arrived business is the most powerful, most progressive social at Michigan. But the Office of Career Development force in the world. If the dream 25 years ago was to counselor just ripped it apart: The résumé contained join a big company and to pursue a career involving a lot of words about what I had done, but it said nothing steady advancement, the dream is now to cultivate an about how I had contributed in each position I had held. economic entity that creates tremendous value, that I subjected my résumé to dozens of critiques and revisions provides opportunity for others and that may even change before I got it right.” the world.” Christine Parlamis, MBA2 B. Joseph White, dean of the University of Michigan Business School, and editor of The Monroe Street Journal in the Fast Company section “Unit of One,” Jan. 1999. in the Fast Company article, “Your First Day at School,” April 1999.

“As the Continent gains in competitiveness and as “Michigan has built its reputation by being in the its capital markets evolve, you will have two virtually forefront of management thinking, pragmatic teaching identical blocs. Technologically, neither will be ahead, and the use of technology…[But] it is in its international and institutionally they will be similar.” agenda that Michigan has won most acclaim.…Michigan Jan Svejnar, the Everett E. Berg Professor of Business Administration has built itself into one of the more international business and director of the William Davidson Institute, in the Business Week article schools in the U.S.” “The Atlantic Century?,” Feb. 8, 1999. Della Bradshaw, management education editor for the Financial Times, in her Jan. 25, 1999, article “There’s Method to be Found in the Madness,” a profile of the University of Michigan Business School. “Companies use the word ‘retention’ to signal they’re getting serious about talent management. How well do “Our students know it’s more important today to be they reward and appraise employees? How should they self-sufficient than ever before. You can’t depend on any adapt their cultures to retain the right people? As demand one organization to be your lifetime employer and the for managers goes up and supply stays flat, these become only way in which you can be self-sufficient is to have, in critical issues.” addition to ability and motivation, excellent preparation. David O. Ulrich, professor of business administration That’s what the MBA program provides. That’s where the and director, Human Resource Executive Program, in the CompetitivEdge article real value lies.” “You Hired ’Em. But Can You Keep ’Em?,” B. Joseph White, dean, University of Michigan Business School, Nov. 9, 1998. on the Jan.4, 1999, edition of National Public Radio’s Marketplace.

Dividend / 9 Reunion It was a weekend like no other: 900 graduates of the University of Michigan Business School, together with their families, friends and significant others, gathered October 22–25 to celebrate Michigan with song, ceremony and professional development seminars.

Reunion Photos by Michael J. Schimpf

eunion ’98 officially saluted the Many came. The largest

Bill Wood Rclasses of ’58, ’73, ’78, ’88, ’93 attendance was recorded by the and ’97. However, the reunion was Class of 1993 followed by the actually an “all-class” event, wel- Class of 1988. BBA, MBA and Ph.D. coming back all graduates of the graduates reunited from the far Business School. reaches of 11 countries. Jack Norbert Poppe, MBA ’88, traveled Caminker, of West Bloomfield, through six time zones from Michigan—the one and only Frankfurt, Germany, to attend his member of the Class of 1946— 10-year reunion. “I am really glad the represented the earliest class in turnout was high,” said Poppe, a chief attendance. He was joined by 1947 consultant in risk management for graduates J. Robert Kipper of Informa, a subsidiary of Fair Isaac. Chicago, Jack G. Sahn of Lake Poppe quickly found classmates Success, New York, and Bob Meschke Josh Haims, a key account manager of Royal Oak, Michigan. Meschke’s with Career Central based in wife, Jane Meschke, MBA ’48, was Chicago, Margaret Leverich Blum, one of many from the 50th anniver- who is with Pongia in New York City, sary class. Class of 1988 members (top, left her husband Jonathon Blum, and Ron “This weekend was a watershed to right), Josh Haims, Margaret Simenauer, who had recently joined event in developing a great reunion Leverich Blum and Norbert Poppe Fair Isaac after networking among his tradition and in building a strong with Jonathan Blum classmates, including Poppe. alumni network at the University of Norman Lear (above), television “So far I have counted 30 from Michigan Business School,” said Dean producer and a founder of the Business Enterprise Trust, was a the Class of ’88,” Haims added. “We B. Joseph White. Alumni, he added, special guest at the festivities. worked at who was coming. I would endorsed with their presence the Previous page: The B-School tailgate pick up the phone, call a classmate decision to make this annual event an Inset: Deron Goodwin, MBA ’93 and ask, ‘Are you coming?’” “all-class” event.

12 / SPRING 1999 Reunion

More Class of 1988 alumni!

Editor’s note: In putting together this section, we selected our most compelling photos. We regret that everyone shown is not identified.

Dividend / 13 he weekend began on Thursday Twith a panel discussion, Breaking New Ground: The Challenges of a Dynamic Business World (see story, page 20). Friday offered six profes- sional development seminars on such topics as Meeting Madness: How to Get As Little Done As You Do Now in Half the Time, Confronting the Deep Change Or Slow Death Dilemma and Delegation: Inspiring and Developing Others. “We had quite a group!” exclaimed Gar Trusley, a member of the Executive Education faculty and regular Executive Skills presenter who led the seminar on delegation. The seminars fostered provocative discussions and energized learning. At the same time, Ph.D. graduates had the additional opportunity to attend research seminars within their departments. Building tours followed, then came a welcome reception in the Executive Residence and class dinners at various locations. Saturday morning offered the first glimpse of what would become the quintessential fall day in Ann Arbor: crisp, clear and sunny. That morning Ph.D. graduates enjoyed a roundtable discussion with Dean White. Then the tailgate—B-School– style—overtook and transformed the portico between William Davidson Hall and Kresge Library. Tracey Welsh, BBA ’88, of Muskegon, Michigan, brought her husband, Steven Schadeck, and parents to the tailgate extravaganza. When asked what she was doing pro- fessionally, Welsh explained she and a group of others were in the process of starting a new bank. Harry E. McElroy, MBA ’78, had already launched his new venture.

Top: Tiffany Krubert, wife of Christopher Krubert, MBA ’93 Left: Manny Valencia, MBA ’99 (bottom center) brought his family to the Reunion—his mother, Julie, father, Manny Sr., and brother, John.

14 / SPRING 1999 Reunion Bill Wood

Three favorites: John Tropman (left), adjunct professor of organizational behavior and human resource management and professor of social work, Robert E. Quinn (bottom left), the Margaret Elliott Tracy Collegiate Professor in Business Administration and professor of organizational behavior and human resource management, and Gar Trusley, a member of the Executive Education program faculty, led the professional development seminars.

Dividend / 15 Reunion

After working for McDonell Douglas or Lori Colman Kroeter, “We are here to network,” said in software development, McElroy FBBA ’79, this was her first W. Bruce Coleman, MBA ’58, who decided to go solo. Well, almost. Michigan reunion. Her husband, attended with his wife, Helen. Joining Together with his twin brother, he Clifford, had surprised her with Rose the Colemans were Robert Spath, has founded Performigence, an inter- Bowl tickets the previous Christmas, BBA ’56/MBA ’58, of Elm Grove, active multimedia software company and because the couple had so much Florida, and friend Margaret Rente, that aims to improve worker perform- fun cheering for the Wolverines in Ed ’57. Talk was of retirement. “I am ance in exacting fields such as the Pasadena, they decided to keep their slithering into semi-retirement,” food industry and law enforcement. Michigan momentum rolling and admitted Spath. “Kicking and “Some alumni came for the pro- attend the reunion. Lori also was screaming,” added Rente, drawing fessional development seminars,” said celebrating the 10th anniversary of laughter from all. Ann LaCivita, director of Alumni her Chicago-based advertising agency, Candi M. Halbert, MBA ’93, Relations, “while others brought their Lighton and Colman. working for Citicorp Securities in families and came for the tailgate and football game. Many others took advantage of both the professional and social events.”

16 / SPRING 1999 Highlights from the field and the sidelines at Wolverine Stadium during the winning Michigan v. Indiana game. Final score: 21–10.

Dividend / 17 Reunion New York, and Brian K. Jones, MBA ’93, of PricewaterhouseCoopers LLP in Rosemont, Illinois, found themselves reminiscing about their BBSA—Black Business Students Association—activities as well as their involvement in the MAP— Multidisciplinary Action Projects— pilot section.

ones also was one of the six JBBSA students who, together with Brent Chrite, managing director of the William Davidson Institute and adjunct assistant professor of corpo- rate strategy, launched Africa Corps. It has since become an outreach program for WDI, which is an inter- national center for the study of tran- sitional economies located at the Business School. “We six students came from all over the world,” he recalled. “We saw a need to assist a developing, transi- tional economy. Companies were trying to privatize. Two members of our student group were from Africa. So we wrote a business plan and got approval from the dean.” As the last whistle blew to prompt tailgaters to the buses waiting to take them to Wolverine Stadium, Juan Jose Salazar, MBA ’93, a derivatives trader for Bananex in Mexico City, and Gonzalo Pulit, MBA ’93, a man- agement consultant with Hermes in Buenos Aires, found Halbert and Jones and the thrill of reacquainting and reminiscing began all over again. Everyone eventually made it to the buses bound for the stadium. For the Michigan Wolverines, it was a sweet, neat 21–10 victory over the Indiana Hoosiers. For the Business School’s Reunion ’98, it was a hands-down success.

More faces at the Reunion, including (top left) Colton Sands, son of Elizabeth Smith Sands, MBA ’95, and Jeffrey Sands, MBA ’91, and (bottom) Carolyn Mann, wife of Robert N. Mann, BBA ’54/MBA ’55.

18 / SPRING 1999 Above: The Farewell Brunch Left: Roger Marchetti, MBA ’88, and daughter, Katie.

Get Ready for Reunion ’99

The dates are set; plans are in motion for parties and professional development. The University of Michigan Business School is hosting Reunion ’99 on October 21–24 for all its graduates, with special celebrations for the anniversary classes of ’59, ’74, ’79, ’89, ’94 and ’98. For information, contact the Office of Alumni Relations by phone at (734) 763-5775, e-mail at [email protected] or visit the Reunion’99 website: www.bus.umich.edu/reunion99/ See you there!

Dividend / 19 Reunion

Putting the MBA to Work: Alumni Panel Shares Experiences and Advice

ody Turin, MBA ’97, still has not forgotten the first job performance review she received at Amoco Oil Company more than 12 years ago. J“My first supervisor told me my great strength was my people skills,” recalls Turin, now the director of investor relations for Owens Corning. “Then he suggested I may wish to consider going to work for another organization that would value those skills.” Many would have interpreted Turin’s experience as a negative one. Not this engineer and Michigan MBA. As one of four graduates invited to participate in a panel discussion titled Breaking New Ground: The Challenges of a Dynamic Business Jody Turin, MBA ’97 Joel Martin, MBA ’93 World, she viewed this exchange with her boss as a defining moment in her career, one that presented the opportunity for her to be an agent of change within her corporation. “I learned if you do something important The discussion, which was spon- sored by Michigan Business Women or interesting for other people, you will end as a kickoff to Reunion ’98, included Turin, Joel Martin, MBA ’93, Douglas up developing yourself.” Chase, MBA ’93, and Marlo Jenkins, —Joel Martin MBA ’96. Each graduate hailed from different fields, yet all agreed on two career fundamentals: (1) a Michigan MBA opens new professional doors Calif. “Because of my Michigan MBA, for other people, you will end up and enhances one’s marketability; and I have the skills most scientists don’t developing yourself,” Martin says. (2) to succeed, one has to feel pas- have or think about.” Douglas Chase, now a portfolio sionate about his or her work. During his two years at Michigan, manager for Fidelity Investments, “For me, the MBA program was a Martin worked on The Monroe Street says his MBA degree provided him transforming process,” explains Joel Journal, the Business School’s weekly with career-building tools. He Martin, a scientist and venture capi- student newspaper. This proved to be advises today’s students to take as talist, who is currently an entrepre- one of his most enjoyable and forma- many courses in as many areas as neur-in-residence at Institutional tive endeavors. “I learned if you do possible—to maximize to the best Venture Partners in Menlo Park, something important or interesting of their abilities their time at the

20 / SPRING 1999 Reunion

Business School. “It is critical to After graduation in June 1996, she have a strong background in all accepted a position with Ford Motor quitting Ford, I did it in a restaurant areas,” says Chase, who earned his Company in its coveted Marketing so she wouldn’t go crazy. I think my undergraduate economics degree Leadership Program, the automaker’s decision to pursue a career in the from the University of California– training program for high-potential nonprofit sector was the most coura- Berkeley. “It is a mistake just to focus employees. Since she would not start geous thing I have done in my life.” on marketing or finance.” her job at Ford until the fall, Jenkins As associate director of programs At Fidelity the workload is often spent her summer working as a con- and services at UBI, Jenkins helps all-consuming, he says. “If you are not sultant to a Detroit-based nonprofit provide information, education and passionate about what you are doing organization known as CUBE— resources to urban entrepreneurs and and about your job, you won’t survive Communities United in Business communities. “You do have to find what you want to do. One of the many things Michigan gives you is options,” Jenkins adds. “I chose the job I have, and I absolutely love what I do. It is very satisfying, and shows

Photos by Bill Wood Photos how much an MBA can be used to help myself and others.” For Jody Turin, her biggest chal- lenge during her tenure at Amoco was being the only professional woman in the male-dominated oil and gas industry. Without mentors or a support system, she relied heavily on her people skills and began to develop strategies for promoting change within the organization without distancing herself from her colleagues and superiors. After five years, Turin was named Douglas Chase, MBA ’93 Marlo Jenkins, MBA ’96 to the Plant Council, a senior leader- ship body at Amoco’s refining operation, and emerged as a role physically or mentally.” Chase, who Endeavors—through Michigan’s MBA model and mentor for other women. exudes his passion, continues: “It is a Domestic Corps. “It was a defining Turin likened the change process to competitive world. If the next person moment for me, having gone through “planting seeds” rather than “knocking is working 60 hours a week and I am that summer and really liking what I down the wall in one stroke.” working 80 hours a week, I am going did—really feeling like I made an Timing, adds Douglas Chase, to win. If the next person refuses to impact,” she says. is equally important for effecting travel overseas and I do agree to After five months at Ford, Jenkins change. He quoted Business School travel, I am going to win. I am very realized the nonprofit work she was Professor C. K. Prahalad’s advice: competitive; I want to win. At Fidelity, continuing to do in the evenings and “You don’t have to be politically I lead by example. To work as I do, on weekends “took up more of my active, but you do have to be politi- you have to love it. If you don’t, passion than Ford did.” The following cally sensitive.” you’re in trouble.” April, she made the bold decision to “If you are a junior person and Marlo Jenkins, a born-and-bred leave her job at Ford, a prized posi- are banging heads against an estab- Detroiter, says her MBA taught her tion by anyone’s measure, to join a lishment that is on firm ground, you the importance of diversity and small start-up business development are going to be unsuccessful and are helped her develop business survival concern called the Urban Business going to hurt yourself,” Chase warns. skills and leadership abilities. For Institute. UBI is sponsored by Central “I think you have to wait for the Jenkins, it took a major job shift out Michigan University and CUBE. opportunity to present itself. The of corporate America and into the “My next defining moment came goal is to be prepared, to know what nonprofit sphere for her to find her when I quit Ford,” Jenkins says. you want to do and to know how “deeper passion.” “Actually, when I told my mom I was to do it.”

Dividend / 21 Exchanges Around the World Abidjan AEX Agricultural nv AEX—Options Exchange AEX–Stock Exchange Alberta Stock Exchange Alexandria Stock Exchange American Stock Exchange Amman Financial Market Amsterdam Exchanges COMPROMISING Asunción Stock Exchange Athens Stock Exchange Australian Stock Exchange Ltd. Bahia, Sergipe, Alagoas Stock Exchange Ltd. Barcelona Stock Exchange Bavarian Stock Exchange Beijing Exchange Ltd. STANDARDS Belgian Futures and Options Exchange Berlin Stock Exchange Bhubaneswar Stock Exchange Assoc. Ltd. Threatens Capitalism Bilbao Stock Exchange Bogotá Stock Exchange Bolivian Stock Exchange Bolsa de Mercadorias & Futuros Bolsa Electrónica de Chile, Bolsa de Valores By Eugene A. Imhoff Jr. Boston Stock Exchange Inc. Ernst & Young Professor of Accounting and Chair, Department of Accounting Botswana Stock Exchange Bratislava Stock Exchange Bremen Stock Exchange n the midst of this country’s greatest investing boom, a debate rages over Brussels Stock Exchange whether the U.S. Securities and Exchange Commission should relax its listing Budapest Commodity Exchange requirements—its accounting standards—and allow foreign firms using their I respective accounting systems onto U.S. stock exchanges. Buenos Aires Cereal Exchange Last September, the University of Michigan Business School Paton Buenos Aires Futures Market Buenos Aires Stock Exchange Accounting Center Harvey Kapnick Workshop Series hosted a major debate —Sofia on this issue. The event, titled “U.S. GAAP in the 21st Century: The Role of Cairo Stock Exchange International Accounting Standards,” brought together a panel of accounting experts (see box, page 25) and more than 300 scholars and professionals to Capital Market Supervisory Agency Caracas Stock Exchange weigh the costs and benefits of the U.S. system to American investors. Casablanca Stock Exchange Central Asian Stock Exchange Chicago Board of Trade Defining the Risk Chicago Board Options Exchange Chicago Mercantile Exchange At the crux of the issue is the U.S. accounting system—U.S. GAAP or generally Chicago Stock Exchange accepted accounting principles. The system is considered to be the most detailed China Zhengzhou Commodity Exchange and comprehensive in the world. It is intended to make the position and per- China—Commodity Futures Exchange Inc. formance of public companies transparent to investors and creditors. It succeeds of Hainan Chinese Gold and Silver Exchange Society at this task through the application of stringent reporting requirements, require- Chubu Commodity Exchange ments most public companies wish they did not have to follow. Complaints aside, Stock Exchange the U.S. accounting system appears to have little or no effect on the interest in Citrus Fruit and Commodity Futures and activity on U.S. stock markets. In January, for example, the Commerce Market of Valencia Ltd. Department valued all U.S. at $13.1 trillion. Last year foreign purchases Coffee, Sugar & Cocoa Exchange Inc. alone for non-Treasury securities reached $228 billion. Coimbatore Stock Exchange Ltd. Enter the stock exchanges and the analyst community. Despite the unprece- dented growth of U.S. capital markets, these two groups favor relaxing U.S. and Futures Exchange (Brazil) accounting standards and opening American capital markets to foreign compa- Copenhagen Stock Exchange nies. The exchanges are eager to grow and list more companies; the analysts Córdoba Stock Exchange want more business, more trades, more money.

22 / SPRING 1999 Assoc. Ltd. Deutsche Terminbörse Deutsche Warenterminbörse Hannover Ltd. Düsseldorf Stock Exchange

Michael J. Schimpf Michael EASDAQ Belgium EASDAQ United Kingdom El Salvador Stock Exchange EUREX Far-South Stock Exchange Financial Futures Market Amsterdam Finnish Options Exchange Ltd. Fukuoka Stock Exchange Ltd. German Stock Exchange Guangdong United Futures Exchange Guayaquil Stock Exchange Hamburg Stock Exchange Hanover Stock Exchange Helsinki Stock and Derivatives Exchange Hiroshima Stock Exchange Honduran Stock Exchange Hong Kong Futures Exchange Ltd. Hong Kong Stock Exchange Ltd. Iceland Stock Exchange International Petroleum Exchange of London Ltd. International Securities Market Assoc. International Securities Market Assoc. Ltd. Irish Stock Exchange Islamabad Stock Exchange (Guarantee) Ltd. Istanbul Stock Exchange Eugene Imhoff, chairman of the Department of Accounting, poses in front of a Italian Derivatives Market (IDEM) bas-relief of William A. Paton, Michigan professor of accounting from 1915–58, Italian Financial Futures Market author of the influential The Accountant’s Handbook. In 1977, the Paton Italian Stock Exchange Accounting Center was named in his honor. Jaipur Stock Exchange Ltd. Jakarta Stock Exchange What most investors fail to realize is that no two countries have the same Japan Securities Dealers Assoc. Johannesburg Stock Exchange accounting systems. Some countries, such as the United Kingdom, Australia, Kanara Stock Exchange Ltd. New Zealand and Canada, have systems similar to U.S. GAAP—systems designed Kanmon Commodity Exchange to minimize investor risk through full disclosure. Much of the rest of the world, Kansai Agricultural however, differs dramatically both in accounting practices and in implementa- Commodities Exchange tion. Even well-developed countries like Germany and Japan have substantial Kansas City Board of Trade (Guarantee) Ltd. differences in their reporting requirements. These differences have a direct Kazakhstan Stock Exchange bearing on investor risk and the cost of capital. Korea Stock Exchange Kuala Lumpur Commodity Exchange Kuala Lumpur Options and Financial The German System Futures Exchange (KLOFFE) Kuala Lumpur Stock Exchange In Germany, for example, disclosure requirements are designed to satisfy the Kuwait Stock Exchange German bankers who are the primary capital providers. On the board of Kyoto Stock Exchange directors of each German company you will invariably find a German banker. La Plata Stock Exchange He knows what is going on with the company because he is involved in over- Lahore Stock Exchange (Guarantee) Ltd. seeing its management. He and his counterparts at other public German com- Lisbon Stock Exchange panies have firsthand knowledge, so it is not a priority within German business Inc. culture to fully disclose financial information to the general public. As a result, London International Financial Futures individual shareholders in Germany are a small, silent and uninformed group and Options Exchange relative to their counterparts in other countries such as the and the London Metal Exchange United Kingdom. Assoc. Ltd. In order to list a foreign company on a U.S. stock exchange, the foreign Luxembourg Stock Exchange company has to provide a reconciliation from its domestic GAAP to U.S. GAAP. Macedonian Stock Exchange

Dividend / 23 Madhya Pradesh Stock Exchange In 1993, DaimlerBenz was the first German company to provide such a recon- ciliation and list on the . As a rule, Americans have Madrid Stock Exchange Maebashi Dried Cocoon Exchange historically thought German companies to be extremely conservative and to Assoc. routinely understate earnings and overstate liabilities. However, when Benz Malaysia Monetary Exchange BHD listed, the investment community was shocked to learn that, as a result of the Stock Exchange reconciliation, the automaker’s earnings went from a 615 million–DM profit Maracaibo Stock Exchange MATIF to a 1,839 million–DM loss! These types of unexpected outcomes lend support Medellín Stock Exchange to the argument against accepting anything less than U.S. GAAP on a U.S. Mendoza Stock Exchange stock exchange. Mercado Abierto Electrónico S.A. Mercado Continuo Español Sociedad de Bolsas Accounting in China MERFOX China, the most populous nation in the world with 1.2 billion people and an MidAmerica Commodity Exchange emerging capital market, has only 25,000 accountants, 15,000 of whom are Minas, Espírito Santo, university-trained. It is impossible to expect all companies on the Shanghai Stock Brasília Stock Exchange Grain Exchange Exchange to approximate the disclosure practices found in the United States. MONEP In fact, Arthur Levitt, the chairman of the Securities and Exchange Commission, Montreal Exchange has told the international CPA firms he does not want to see their signature on Moscow Central Stock Exchange audits of companies in the Pacific Rim if they have relied heavily on their affili- Moscow Commodity Exchange Moscow International Stock Exchange ated audit firms from that region. Mumbai Stock Exchange Levitt says the signature of an international “Big 5” CPA firm implies that for- eign companies are actually complying with a more rigorous set of standards and Nagoya Stock Exchange audit procedures than they actually are. He wants those audits signed by the local Nairobi Stock Exchange auditors who did most of the work so as not to give investors false confidence. Nasdaq Stock Exchange He has gone on record chastising the international CPA firms for even associ- National Stock Exchange of Costa Rica ating themselves with some companies in countries where the accounting National Stock Exchange of India Ltd. reporting requirements and accepted auditing procedures fail to provide a rea- National Stock Exchange of Lithuania sonable amount of assurance to the investing public. New York Cotton Exchange New York Mercantile Exchange New York Stock Exchange New Zealand Futures and Options Turmoil in Japan Exchange Ltd. When major fluctuations occur in the stock markets of a country or region, New Zealand Stock Exchange Nigerian Stock Exchange it may reflect “news” regarding financial information that has not been captured Niigata Securities Exchange by the audited financial reports in that country or region. Investors in Japanese Occidente Stock Exchange financial institutions, which have large amounts of loans to troubled companies OMLX, The London Securities in the Pacific Rim, were shocked to learn the loan loss provisions were far under- and Derivatives Exchange stated. The quality and amount of detail regarding lending activities by Japanese Oporto Derivatives Exchange Osaka Mercantile Exchange banks, while in compliance with Japanese accounting principles, simply did not Osaka Securities Exchange adequately warn investors of the bad news which eventually surfaced. The un- Oslo Exchange expected nature of these financial revelations has created some bank failures OTC Exchange of India along with a prolonged period of financial turmoil in Japan and the entire Pacific Exchange (PCX) Palestine Securities Exchange Ltd. region. Bear in mind, Japan is a major economic power whose financial Panama Stock Exchange Inc. reporting practices are considered to be comparable to those of the U.S. by many Paraná Stock Exchange of the same interests that feel it is too restrictive to require U.S. GAAP for all Paris Stock Exchange those listing on U.S. stock markets. Pernambuco and Paraiba Stock Exchange Philadelphia Board of Trade Philadelphia Stock Exchange Philippine Stock Exchange Inc. Setting the Standard Prague Stock Exchange There are efforts to find a set of standards that all countries may universally Ltd. embrace some day. The International Accounting Standards Committee (IASC), Quito Stock Exchange Regional Stock Exchange a London-based group formed in 1973, spearheads the effort. It has prepared Riga Stock Exchange a set of accounting standards referred to as IAS—International Accounting Rio de Janeiro Stock Exchange Standards. It is a voluntary body made up of more than 117 representatives RM-System Slovakia, a.s. of professional accounting organizations in 86 nations. IASC has no authority to Romanian Commodities Exchange impose its rules on any other country. Its goal is to establish a set of policies that Rosario Futures Exchange will be embraced by the authoritative accounting rule-making bodies (and the Rosario Stock Exchange stock exchanges) of all countries.

24 / SPRING 1999 Russian Exchange Workshop Examines Role of Accounting —RTS Santos Stock Exchange “The accounting profession plays a critical role in our global São Paulo Stock Exchange Sapporo Securities Exchange economy and in investment decision making,” says Harvey Saudi Arabian Monetary Authority Kapnick, MBA ’48, former chairman and chief executive Securities Exchange of Barbados Shanghai Cereals and Oils Exchange Ltd. officer of Arthur Andersen. “The auditor can be the eyes Shanghai Metal Exchange and ears of the CEO as well as the board, investors, share- Shenzhen Mercantile Exchange holders and the public.” Siberian Stock Exchange For nearly three decades, the University of Michigan Business School’s Paton Singapore Commodity Exchange Ltd. Accounting Center has provided a forum for debate of new and controversial subjects Singapore International Monetary Exchange Ltd. associated with the practice of accounting. These “workshops” are gatherings of faculty South African Futures Exchange and doctoral students, including participants from outside the accounting discipline and Spanish Financial Futures Market from other universities. They are held on a near-weekly basis during the academic year. Spanish Options Exchange In 1997, Kapnick endowed the workshop series and, last September, the first St. Petersburg Futures Exchange St. Petersburg Stock Exchange University of Michigan Paton Accounting Center Harvey Kapnick Workshop was held. The Stock Exchange of Mauritius Ltd. event, titled “U.S. GAAP in the 21st Century: The Role of International Accounting Stock Exchange of Singapore Ltd. Standards,” brought together leaders in the field: Edmund L. Jenkins, chairman of the Stockholm Stock Exchange Ltd. Financial Accounting Standards Board; Mary B. Tokar, associate chief accountant and Stuttgart Stock Exchange point person on this issue for the Securities and Exchange Commission; Michael W. Surabaya Stock Exchange Swedish Futures and Options Market Brown, chairman of the board of NASDAQ; Warren McGregor, executive director of the Swiss Exchange Australian Accounting Research Foundation; and G. Michael Crooch, U.S. representative Swiss Options and Financial Futures on the Executive Committee of the International Accounting Standards Committee and a Exchange AG partner with Arthur Andersen. Sydney Futures Exchange Ltd. Tallinn Stock Exchange Tehran Stock Exchange Tel-Aviv Stock Exchange The Stock Exchange of Thailand U.S. accountants generally believe IAS are well below U.S. standards for full The Winnipeg Commodity Exchange disclosure. Historically Australian GAAP also has been far more complete than Tokyo Commodity Exchange Tokyo Grain Exchange IAS. However, Australian standard-setters have decided to move toward IAS for Tokyo International Financial their country and currently will accept IAS for listing on Australian markets. Futures Exchange The London Stock Exchange also will accept both U.K. GAAP and IAS for non- U.K firms. Other countries have decided to accept IAS from companies listing Toronto Futures Exchange on their stock markets. Meanwhile, there are many countries whose accounting Toronto Stock Exchange “Toshkent” Republican Stock Exchange systems fall far short of the requirements of IAS, such as Switzerland, which Tradepoint Investment Exchange would surprise many potential international investors. Trinidad and Tobago Stock Exchange If we could achieve a common set of accounting rules, it would enhance the Tunis Stock Exchange free flow of capital worldwide. Any company could list on any country’s stock Ukrainian Stock Exchange Uttar Pradesh Stock Exchange Assoc. Ltd. exchange and have access to any capital market. With this greater fluidity, there Valencia Stock Exchange also may be an increase in investment risk. Investment risk depends in part on Vancouver Stock Exchange the quality of accounting standards; high-quality standards lower risk. If the Vienna Commodity Exchange economic community gravitates toward some kind of middle ground or a lowest Vienna Stock Exchange—Cash Market Vienna Stock Exchange— common denominator, the cost of capital for the American investor and the risk Derivatives Market associated with participation in U.S. capital markets would rise significantly. Vladivostok Stock Exchange Ltd. Those wishing to allow foreign firms and their respective accounting systems onto U.S. stock exchanges say we as a society are too sophisticated today to Winnipeg Stock Exchange need the high level of regulation associated with U.S. GAAP. I do not believe Wuhan Securities Exchange Centre Yerevan Stock Exchange this is a question of investor sophistication. Rather, it is an issue of standards: Yokohama Raw Silk Exchange Investors in U.S. capital markets have grown accustomed to relatively complete and reliable information from publicly traded companies. Should it suddenly Zimbabwe Stock Exchange become less complete and unreliable, an environment would develop where it is easy to make bad decisions—and a lot of bad decisions will be made. This, Source: The Handbook of World Stock, I believe, will threaten the very integrity of our capital markets and our whole Derivative and Commodity Exchanges. London: Institutional Finance capitalistic system. Publications, 1998.

Dividend / 25 Outstanding Alumni Awards Call f or Nomina tions Each year the UMBS Alumni Society Board of Governors recognizes the accomplish- ments of outstanding alumni with a series of awards. The Awards Committee of the Alumni Board invites the Business School Community to participate by submitting nominations for the following awards. Bert F. Wertman Alumni Service Award Award presented at Annual Scholarship Dinner Established in 1989, this award recognizes an alumnus or alumna of the Business School for outstanding service to the School or to the University. The award was established in honor of Bert F. Wertman, who served for more than sixty years as President of the Class of 1928. Through his leadership and caring, the class remained a cohesive and vital group and held a record number of continuous reunions. Alumni Achievement Award Award presented at Business School Commencement Established in 1989, this award recognizes an alumnus or alumna of the Business School whose attainments in their professional field has brought distinction to them- selves, credit to the School and benefit to their fellow citizens. Entrepreneur Award Award presented Spring of 2000 Established in 1991, this award recognizes the accomplishments of an alumnus or alumna of the University of Michigan who has started and built a successful enterprise.

Congratulations to our 1999 Alumni Award Recipients: Eva Chang, MBA ’93, Bert F. Wertman Alumni Service Award; Barnett Helzberg, BBA ’56, Alumni Achievement Award; Steve Mariotti, MBA ’77 and BBA ’75, Entrepreneur Award.

Nominations for 2000 Awards must be submitted by August 1, 1999.

To nominate an individual, you may use the nomination form on the Alumni Relations website (www.bus.umich.edu/alumni) or send a letter to Alumni Relations, University of Michigan Business School, 701 Tappan, Ann Arbor, MI 48109-1234 or send an email to [email protected] with the following information: ❏ Name of the nominated individual along with his or her degree(s), year(s), company name, business address, telephone, home address and telephone, if known. ❏ Your reasons for nominating the candidate for an Alumni Award along with any supporting documentation. ❏ Your name, degree(s) and year(s) (if a UMBS alum), company name, business address and telephone, home address and telephone, and email address. Please indicate whether you are a student, alum, faculty or staff member. OVATION Financial Support Boosts Professorships, Endowment, Recruiting

ndividual, foundation and corpo- very enjoyable life,” he says. “The rate support has made possible the University of Michigan and the addition of two new professorships Business School have been a real and expanded curriculum and fel- home for Maxine and me. Bill Wood Ilowship support at the University of Contributors to the professorship Michigan Business School. were several close friends and several The professorships, both fitting trib- foundations with which Pierpont was utes to outstanding individuals, will associated for many years. “Bill’s become critical tools for recruiting and insight, compassion and unques- retaining top faculty. As the University tioned integrity have provided inval- of Michigan’s vice president and CFO, uable guidance in our successfully Wilbur “Bill” Pierpont, MBA ’38/ addressing a myriad of business, PhD ’42, deftly guided the institution investment and charitable issues for through 26 years of unprecedented more than 40 years,” says Jamie Buhr, Wilbur and Maxine growth. Carl Griffin, BBA ’50/MBA MBA ’74, treasurer of the Buhr Pierpont ’53/JD ’53, excelled to the highest ranks Foundation. “He is, simply, one of the of Deloitte & Touche LLP and parlayed finest men we have had the pleasure that experience into a successful teaching of knowing.” career at Michigan. DaimlerChrysler AG, a longstanding partner of the Business School, has Carleton H. Griffin— given $2.65 million to the Joel D. Deloitte & Touche LLP Tauber Manufacturing Institute. Chase Collegiate Professorship Manhattan Corp., also an important in Accounting partner, has granted the Business School $250,000 for fellowships for minority The creation of a collegiate professorship MBA students. in his name is as fulfilling as major family events, including his own mar- Wilbur K. Pierpont riage and the births of his children,

says Carl Griffin. “It is an over- Bill Wood Collegiate Professorship whelming honor for me to have of Business Administration Deloitte & Touche do this.” The University of Michigan grew faster Griffin worked for the interna- than ever during Bill Pierpont’s leader- tional accounting firm for 30 years, ship. As CFO from 1951–77, the univer- quickly moving up in the Detroit, sity’s budget grew from $40 million to and New York City offices to $385 million. Assets soared from $147 become a national director and, ulti- million to more than $844 million, and mately, chairman of the board. Then endowment funds jumped from $34 mil- he brought his expertise to his alma lion to $200 million. mater and taught accounting for Pierpont cherishes his lifelong associa- more than 10 years. tion with the Business School and the “I loved every minute of it,” University as a teaching fellow, instructor, says the emeritus professor and professor and CFO: “It certainly was a director of the Business School’s Carl Griffin

Dividend / 27 Paton Accounting Center, “I have Chase Manhattan tremendous respect for the University Selects Michigan for of Michigan Business School and for Deloitte & Touche.” Minority Fellows Program These feelings are mutual. “Carl The Chase Manhattan Corp. has awarded Griffin is so highly respected and well the University of Michigan Business loved within our firm,” says Jeffrey School a $250,000 five-year grant. Thanks Willemain, AB ’74, managing partner, to the Chase Fellows Program, two Michigan, for Deloitte & Touche. minority MBA students per year will “I grew up under his leadership. receive two-year scholarships and other The values he espoused helped create career-building opportunities. the culture now recognized by many Chase, a longtime supporter of as an outstanding work environment. the Business School’s MAP program To be able to celebrate both Carl’s and other initiatives, chose to partner contribution and our regard for with Michigan in this way because of Michigan together in such an its academic excellence, strong commit- enduring way is truly special.” ment to diversity and long-standing Chase Manhattan’s relationship with the bank, says John John Farrell Farrell, Chase director of human resources and a member of the Business DaimlerChrysler AG Gift School’s Corporate Advisory Board. Accelerates Innovation at TMI “We have a very, very positive relation- DaimlerChrysler AG has pledged ship with the University of Michigan $2.65 million to the University of Business School,” he says. “We view Michigan’s Joel D. Tauber Manufacturing Michigan as an absolutely key school in Institute (TMI). The funds will be used terms of our recruiting.” for curriculum development and endow- A distinguishing feature of this ment support. TMI is the manufacturing fellowship program is the depth and program administered jointly by breadth of the enrichment activities avail- Michigan’s Business School and the able to participants. During the two College of Engineering. years, each fellow is mentored by a Chase “We already recognize that TMI senior manager of the bank, attends the graduates are going to be leaders in annual Chase Fellows Day in New York manufacturing,” says Ron Ustruck, City and enjoys summer internship DaimlerChrysler’s senior manager of opportunities and access to the bank’s manufacturing quality and a member of career planning resources. TMI’s Industry Advisory Board. “What “We are very active—and successful— we’d like to see is even increased emphasis in recruiting students of diverse back- put on a leadership training curriculum grounds to Chase,” Farrell adds. Carla E. to take it to a new level.” Dillard and Cassondra L. Preer are Ustruck says DaimlerChrysler has Michigan’s Class of 2000 Chase Fellows. enjoyed “excellent results” in the last four Graduate business schools at years from the Summer Team Project, a Columbia University, New York University TMI curriculum requirement that places (Stern), University of Pennsylvania multidisciplinary student teams on (Wharton) and assignment in sponsoring companies to (Darden) also participate in the Chase work as consultants on strategic projects. Fellows Program. Dennis K. Pawley, the recently retired executive vice president of manufac- turing at DaimlerChrysler, initiated financial support for TMI in 1995. Under his successor, Gary L. Henson, senior vice president of manufacturing, DaimlerChrysler has expanded its pledge through the year 2002.

28 / SPRING 1999 alumniopportunities Get involved in the Business School community! Contact Alumni Relations for more information regarding these opportunities.

Alumni Clubs & City Contacts Twin Cities - Laurie Spindler, MBA ’96, These contacts provide a link to the Business (612) 334-4844, School community and sponsor professional [email protected] development, and social events for alumni. Washington, D.C. - Mike Weber, MBA ’91, (301) 718-7844, [email protected]

DOMESTIC INTERNATIONAL *Atlanta - Ben Roden, MBA ’97, *Africa - Bernard Kouassi, Ph.D. ’83, (404) 870-1409, [email protected] Tele./Fax 226-36-57-13, [email protected] Boston - Greg Lipper, MBA ’97, - Rogelio Nores, MBA ’89, (508) 357-5768, [email protected] 5417331700, [email protected] Chicago - Liz Canis, MBA ’97, *Beijing - Fan Zhang, MBA ’93, (312) 946-2710, [email protected] 86-10-80497040, *Cleveland - Matthew Jauchius, MBA ’98, [email protected] (216) 274-4376, [email protected] Brazil - Eduardo Pamplona, MBA ’97, *Colorado - Gerrit Fitch, MBA ’93, [email protected] Contact Alumni Relations at (303) 277-7353, [email protected] *Canada - Paul S. F. Siu, MBA ’98, (734) 763-5775 or [email protected] *Dallas/Fort Worth - Tom Dolan, MBA ’94, 905-474-8197, [email protected] for the following opportunities: (817) 967-9209, Central and Eastern Europe - Gregor [email protected] Strazar, MBA ’98, [email protected] Be an alumni City Contact. Detroit - Peter Scott, MBA ’95, *England - Per Hong, MBA ’97, If your city or country isn’t listed here, (313) 931-1400, [email protected] 44-171-468-8737, [email protected] please contact us to volunteer. *Houston - Geoff Allen, MBA ’96, Europe - Joerg Windbichler, MBA ’96, (713) 853-3182, [email protected] 43-1-536-0226, All alumni are invited to attend *Kansas City - John Jenks, BBA ’53, [email protected] Reunion ’99, October 21-24! Hong Kong - Richard Chow, MBA ’97, (913) 381-9651 Anniversary classes include ’59, ’74, ’79, www.bus.umich.edu Los Angeles - Robert Alpert, MBA ’92, 852-2918-7828, [email protected] ’89, ’94, and ’98. (213) 236-7481, [email protected] *Israel - Murray Grant, BBA ’49, *Miami - Jay Carrillo, MBA ’94, 972-9-885-1136, [email protected] Have your company sponsor a (305) 441-6196 [email protected] *Italy - Ricardo Cesarei, MBA ’98, reception for prospective students and *New Jersey - Jeff Norman, BBA ’89, 39-6-855-9414 alumni in your city. (212) 621-9552, [email protected] Japan - Mr. Takeo Suzuki, MBA ’76, New York - Jeff Drake, MBA ’98, 81-54-202-2222, Participate in Global Blue’s (212) 816-6000, [email protected] [email protected] Day in the Life (DITL) program. *North Carolina - Karen Mishra, MBA ’88, *Norway - Sverre Lorentzen, MBA ’79, Host a first-year MBA or BBA student for (336) 794-0806, [email protected] 47-22-83-2622, [email protected] a day at your company. Philadelphia - Michael Ferrante, MBA ’98, *Philippines - Paul Piedad, MBA ’95, (215) 656-5410, (632) 894-7837, [email protected] Participate in the Michigan [email protected] Singapore - Ng Tock Hiong, BSECO ’94, Business Women’s Mentoring *Phoenix - Greg Gamble, MBA ’97, 65-371-9519, [email protected] Program for Business School students or (520) 684-2772, [email protected] South Korea - Sang-Wook Ahn, MBA ’94, host an Alumnae Luncheon in your San Francisco Bay - Andy Wong, MBA ’97, 82-2-527-7326, [email protected] home for newly admitted female MBA (408) 749-0261, [email protected] Switzerland - Beat Geissler, MBA ’95, students in your city. Seattle - Sang Kim, MBA ’96, 41-1-267-69-69, [email protected] (206) 694-2166, [email protected] *Thailand - Sathist Sathirakul, MBA ’91, Sponsor a MAP Team for first-year South Florida/Fort Lauderdale - Jeff 66-36-373-373 ext. 129, MBAs at your company. Contact Dave Kleino, MBA ’93, (954) 851-8398, [email protected] Ardis at (734) 763-2463 or [email protected] [email protected].

*These are city contacts; a UMBS Club has not been established. alumnia services www.bus.umich.edu mtrack.bus.umich.edu

M-Track Alumni Services Alumni Relations Alumni can use M-Track to: Phone: (734) 763-5775 • Develop personal and professional Fax: (734) 763-9170 career contacts. Email: [email protected] • Gain insight about companies and industries. Ann LaCivita, Director, • Recruit UMBS alumni for positions [email protected] in your company. Kathie East, Assistant Director, [email protected] What is M-Track? Julie Antis, Assistant, M-Track is the “password protected” net- [email protected] work for alumni and other members of the University of Michigan Business School Gabriel Jordan, Assistant, community. M-Track provides a database [email protected] of UMBS student, alumni, faculty and Career Services staff information. Contact the Career Center in the Office of • Click on Tell Us About Yourself. Career Development at (734)764-1373 or How can alumni use M-Track? • Click on Address Information to update [email protected] for more information • Identify alumni working in a given your Business and Home addresses, about these services: industry, career area, company or city. then click on Edit Address. Make your • Access job opportunities for both new address changes and then click on Make Alumni Career Packets contain a list and experienced alumni. This Information Available to Other of search firm contacts, Internet career • Create and participate in on-line con- M-Track Users and Save Changes. sites and guides for resumes and cover ferences with other alumni, students, • Go back to Tell Us About Yourself letters. faculty and staff. and click on Work Experience. For each employer you would like to list, click on Job Postings. Career opportunities for How can alumni access M-Track on Add New Company, then enter the com- both new and experienced alumni can be www.bus.umich.edu the World Wide Web? pany name and click Go Search. Choose found online via http://mtrack.bus.umich.edu. Log on to M-Track at http://mtrack.bus. the company from the list and click on Employers can post positions on M-Track umich.edu. Use the first nine digits of Select. Enter all pertinent employment by sending a description of the position, your student ID (Social Security Number) data and click on Make This Information its requirements, the name of the company, for both your ID and password, unless you Available to Other M-Track Users. Finally, and all contact information to Julie have already changed your M-Track pass- make sure you click on Save Changes. Forster, Associate Director of Career word. International alumni should use the Development, via e-mail at [email protected] first nine digits of their student ID num- or via facsimile at (734) 647-9324. The ber. If you have forgotten your ID or pass- What is Info X? position will remain on-line for 30 days. word or experience difficulty logging on, We have recently launched an exciting This service is free to employers. contact Alumni Relations at alumni@ new opportunity designed to strengthen umich.edu. If you have subscribed to UM our Business School Community - the Info Kresge Business Library’s Career Online and have an authorized UM X online discussion in M-Track. Info X is Resources and Business Informa- uniqname, you should use that uniqname intended to be an interactive forum in tion on the Web. Available at http:// and corresponding password. which all members of the Business School lib.bus.umich.edu. Career information Community can share ideas and informa- includes links to 600 company web sites, How can I update my business tion about your particular areas of career U.S. job sites, international job sites, a and home contact information on interest. You can find these discussion relocation guide, and information about M-Track? areas by clicking Online Discussion in career fields. For business information, • At the M-Track homepage, click on M-Track and then clicking on the Info click on Databases and use our links to Alumni Connection. X icon. Or, you can bookmark the extensive business web sites. There are • Log on using the directions described following address: http://mtrack.bus. also web links to Mentor, the library’s above. umich.edu/ichat/. catalog, and the central University library. CLUB NEWS

Boston Nearly 60 alumni and guests gathered at Le Meridien Hotel on October 15 to celebrate the formation of a Business School Society in Boston. The Society, which will sponsor and promote events of particular interest to Business School graduates, was formed under the auspices of the University of Michigan Club of Greater Boston. Society Leader Greg Lipper, MBA ’97, and UMCGB President Nikki Smejkal welcomed attendees, who included Dean Joe White and Director of Alumni Relations Ann LaCivita. On January 7, local Business School alumni attended the annual reception for prospective students organized by the Admissions Office and sponsored by PricewaterhouseCoopers’ Jack McCarthy, MBA ’67. A blizzard in late February forced the postponement of a dinner with Fidelity Fund Manager Doug Chase, MBA ’93. Rescheduled for March 25, the event drew almost 30 alumni to Boston’s Capital Grille.

Greg Lipper

Hong Kong The third annual Hong Kong Alumni Dinner was held on January 28 at Lo Ching Hing, a famous Shanghai restaurant in Hong Kong. Raymond Chan, MBA ’97, reports that although the room was small, the 23 BBA and MBA alumni enjoyed the closeness and made many new contacts. Club President Tom Stanley, MBA ’93, presented the Club’s plans for 1999 and brought news from Ann Arbor. In February, Professor Linda Lim joined several Hong Kong alumni for dinner. In attendance were Karen Chan, MBA ’97; Tom Stanley, MBA ’93; Randy Ou, MBA ’98 ; Vivian Ko, HK AODP ’96; and Richard The Third Annual Hong Kong Alumni Dinner Chow, MBA ’97.

Karen Chan, Tom Stanley and Linda Lim

Randy Ou, Vivian Ko and Richard Chow

Dividend / 31 Los Angeles New York More than 45 Los Angeles–area alumni, Professor Noel Tichy stopped in New York as part of his fall book including event organizer Cynthia Haupt, tour. Sixty Michigan alumni and guests joined him at a reception and BBA ’98, and club co-leaders Robert book signing at Le Parker Meridien on October 13. Gary Schanman, Alpert, MBA ’92, and Harry McElroy, MBA ’98, did the hosting honors for the Club. Gary also joined Club MBA ’78, gathered at Toyota Motor Sales President Jeff Drake, MBA ’98, in organizing a pair of Happy Hours Headquarters in Torrance for the Los for Business School alumni. Held in September and February at the Angeles Alumni Club’s inaugural event. Sutton Watering Hole, attendance numbered about 30 at each event. Professor Andy Lawlor spoke on the state The Club has set up a New York City e-mail list to inform area of the Business School, with particular grads of upcoming events. To join the list, send an e-mail to emphasis on Entrepreneurship and [email protected]. Global Strategy initiatives. Assistant Director of Alumni Relations Kathie East also attended. Chicago The Club followed up this very suc- The Rock Bottom Brewery, a popular Chicago restaurant, was a gath- cessful evening with a Happy Hour at the ering spot for local alumni and visiting Business School students last Westwood Brewing Company on March October. Manny Valencia, MBA ’99, and Club President Liz Canis, 16. For information about future club MBA ’97, organized the event. Manny will join the Chicago alumni events, contact Robert Alpert at rober- community in the fall. [email protected] or (213) 236-7481. On Nov. 5, the club welcomed a visit from Professor Noel Tichy, who gave a presentation based on his recent book, Every Business Is a Growth Business. Fifty alumni and Detroit guests attended a reception and book-signing for Executive recruiters from the metropolitan Detroit area Professor Tichy at the Hotel Inter-Continental. joined Business School alumni for a seminar titled Professor Andy Lawlor presided over an elegant “Building a Relationship with a Recruiter” on March 25 in evening of wine tasting at Gordon in February. Southfield. The event was organized by Seminar Attendees included Chicago-area alumni from Committee members Jason Wanecek, BBA ’86, Robert Michigan, UCLA, Fuqua, Stanford and Berkeley. Bick, BBA ’83, JD ’86, and Yves Guillou, MBA ’93, and included a panel discussion and networking opportunities. San Francisco Bay This year’s West Coast Forum was held on November 19 and 20 in San Jose. Several Club members enjoyed the opportunity to catch up with friends, network and welcome current Business School students to Northern California. On Thursday evening, Bay Area alumni gathered for a reception with Dean Joe White. Social Chair Mary Song, MBA ’95, organized a Happy Hour for alumni and current and prospective students on February 25 at the Mars Café. Club President Andy Wong, MBA ’97, noted that students engaged alumni in lively discussion throughout the evening. Last fall, Ambassador Hong Koo Lee from the Republic of Korea spoke at the Business School on “Korea at the Crossroads: Crisis of The Palo Alto Hills Golf and Country Transition into the New Millennium.” The next day, E. Han Kim, the Club was the site of an Entrepreneurship Business School’s Fred M. Taylor Professor of Business Administration Forum organized by Martha Mesa, and director of the Mitsui Life Financial Research Center, and Mrs. MBA ’94, on March 25. A distinguished Han Kim (shown here left to right) hosted Ambassador Hong Koo Lee panel of Silicon Valley professionals and Mrs. Hong Koo Lee, and Mr. Chu Yong Lee, president of the University of Michigan Alumni Association of Korea, and Mrs. Chu included Dixon Doll, PhD ’69, the Yong Lee as special guests at the University’s Annual Tailgate for founder and managing general partner Presidential Society donors. of Doll Capital Management.

32 / SPRING 1999 Seattle ALUMNI CLUB CALENDAR OF EVENTS Club President Sang Kim, MBA ’96, organized a series of Happy Hours for MAY Seattle-area alumni in 1998. He and 1: Detroit Club: Clean Sweep Project. Contact Kay Jarboe at (313) 667-2565 Patty Ryan, MBA ’93, are also making or [email protected]. plans for the Club’s first formal event, 10: Japan Club Event: Dinner for University of Michigan President Lee which will be held at the Chateau Ste. Bollinger. Contact Jo Rumsey at [email protected] or (734) 763-9709. Michelle Winery in Woodinville on Monday, May 17. Associate Dean Gautam 13: Hong Kong Club Event: Dinner for University of Michigan President Lee Bollinger. Contact Richard Chow at [email protected] Kaul will be the featured speaker. For or 852-2918-7828. more information about Club activities, 17: Seattle Club Event: Technology Initiatives Presentation by Associate please contact Sang at [email protected] Dean Gautam Kaul. Contact Sang Kim at [email protected] or or (206) 694-2166. (206) 694-2166. 25: Washington, D.C. Club: 4th Annual Golf Scramble at Andrews Air Force South Florida Base Golf Course. For more information, contact Mike Weber at On December 3, 1998, the Alumni [email protected] or (301) 718-7844. Club of South Florida hosted Professor TBA San Francisco Bay Area Club Event: Global Learning Presentation David Brophy for a discussion on Venture by Graham Mercer. Contact Martha Mesa at [email protected] or Capital and Private Equity Finance. The (408) 243-3659. Harvard and Wharton Alumni Clubs also TBA Switzerland Club Event: Michigan MBA Forum at the University of participated in this event, which was held St. Gall. Contact Beat Geissler at [email protected] or 411-267-69-15. in Fort Lauderdale. Club President Jeff Kleino, MBA ’93, is currently planning additional spring activities and expects to JUNE host a visit from Dean Joe White next fall 5: Detroit Club Event: Day at the Zoo. Contact Jody Glancy at or winter. For Club information, contact [email protected] or (248) 447-5906. Jeff at [email protected] or 18: Detroit Club Event: Alumni Golf Tournament. Co-sponsored by Alumni (954) 851-8398. Relations. Contact Greg Hall at [email protected] or (313) 556-3828. 26: Switzerland Club Event: All-American Barbecue. Contact Beat Geissler Washington, DC at [email protected] or 411-267-69-15. Club President Mike Weber, MBA ’91, TBA Chicago Club Event: Habitat for Humanity Volunteer Day. Contact Liz Canis at [email protected] or (312) 946-2710. and 40 other D.C.-area alumni attended a reception for Professor David Brophy at TBA Chicago Club Event: Summer Picnic for Interns and New Alumni. Contact Liz Canis at [email protected] or (312) 946-2710. Skadden Arps on October 29. The title of Professor Brophy’s talk was “Venture Capital: Where Do We Go from Here?” JULY Almost 60 area alumni turned out 8: Denver Club: Rockies and Dodgers Baseball Game at Coors Field. to welcome Dean Joe White to the DC Contact John Myers at [email protected] area on March 25. Kristin Berry, MBA ’94, organized a reception for the 15: Detroit Club Event: Entrepreneur Forum. Contact Peter Scott at [email protected] or (313) 931-1400. Dean at the Arlington, Va., office of PricewaterhouseCoopers. Also attending from the Business School were Ann AUGUST LaCivita from Alumni Relations and TBA Chicago Club Event: Boat Cruise. Contact Liz Canis at [email protected] Terry Reilly from Executive Education. or (312) 946-2710.

For a listing of upcoming activities, including Alumni Club events, visit the University of Michigan Business School Web site: bus.umich.edu/news/events.html. Detailed information on club events may be found at the Alumni Relations Web site: bus.umich.edu/cgi-bin/alumni/calendar/event-browse.

Dividend / 33 CLASS NOTES

Joseph D. Powers Robert B. Vokac ment with Standard Oil of Ohio, Kerr 47 BBA ’47, MBA ’48 BBA ’50, MBA ’51 McGee Chemical Corp. and Nobel Industries, Sweden. He retired as North “My wife Jeanne (RN ’47) and I have recently retired American marketing manager for Akzo been retired for 10 years, and we’re both as administrative Nobel. He is married to the former so busy we can’t imagine how we ever director of the Louise Watson of Atlanta, and they have had time to work for a living,” laughs Midwest College two married children and several grand- Joe. “Current activities include four very Placement children. He is an avid golfer and con- active grandchildren, traveling around Association and tinues his love of music by attending the U.S. in our RV, downhill and cross currently is editing frequent concerts by the San Francisco country skiing, golf and various volun- a 50-year history of Symphony. He can be reached at teer activities around Grand Rapids, the association. [email protected]. Mich. We both got back to Ann Arbor Robert lives in nearby Inkster, Mich. for our 50th reunion.” Arthur M. Friedman Rodney O. Smith 57 BBA ’57 52 BBA ’52 John D. Riegel was the 1998 recipient of the Arthur J. BBA ’47 is retired and living in La Jolla, Calif. Dixon Memorial Award, the highest “I sail, golf, am active in the Kiwanis “My claim to fame is being blessed award given by the accounting pro- and summer in Ontario on Lake with eight grandsons and one grand- fession in the area of taxation. The Huron,” says Rod, who wants to attend daughter, finally. What a Go-Blue cheer- award was presented to him at the the next reunion. leader,” boasts John, who resides in AICPA’s annual fall tax conference in Yorba Linda, Calif. Washington, D.C. He retired from Esther H. (Terry) Meury Arthur Andersen after a 38-year career 53 BBA ’53 with the firm. Since his retirement in John S. Lockwood 1995, Arthur has worked as an inde- “I took my mother, Esther B. Ayres, back 48 MBA ’48 pendent business and tax consultant for to Ann Arbor for her 70th Emeritus clients in the Los Angeles area, as well retired from Conoco in 1982. “Our Reunion last June, but since I’ve been as for Arthur Andersen on its client sat- main activities these days are primarily out of school for only 45 years, I didn’t isfaction program. He is a frequent related to church functions both in qualify,” says Esther, who is now retired speaker, remains active in AICPA and Albuquerque where we live and in and living in Sun Lakes, Ariz. “Our resides in Palos Verdes Estates, Calif. Crested Butte, Colo., our summer picture is on page 27 of the Fall issue home,” reports John. of Michigan Alumnus magazine, with former UM President Robben Fleming,” she adds proudly. You can reach her at Murray J. Grant [email protected]. 49 BBA ’49 is executive vice president of ATID E.D.I. Ltd. in Jerusalem. “Our company consults for Israel’s Ministry of Industry and Trade; represents business activities of California in Israel and of Georgia and Pennsylvania in the eastern Mediterranean region; provides infor- mation, financial, project management services; organizes U.S. business mis- sions to Israel; and reports bi-weekly on Israel’s economic and industrial activities,” says a busy Murray, who also Art Friedman (left) is presented is president of the U of M Alumni Esther Meury (left) with Robben with the Dixon Memorial Award by Club of Israel. You can reach him at: Fleming and Esther B. Ayres. David A. Lifson, chair, Tax [email protected]. Executive Committee of AICPA. Thomas P. Mericle Dexter P. Gresh 54 BBA ’54, MBA ’58 Chester C. Szemborski 50 BBA ’50 is happy to be retired and living in MBA ’57 retired in 1990 after 40 years as an Bodega Bay, Calif., on the Pacific Ocean recently retired after nearly 31 years agent broker in the property/casualty near the wine country. After serving as of operating the Daytona Inn Motel in insurance business. Dexter resides in a U.S. Air Force pilot, he had a long Daytona Beach, Fla. He resides in Flourtown, Pa. career in chemical marketing manage- nearby Ormond Beach.

34 / SPRING 1999 Robert Cope 59 BBA ’59 You Gotta Have Art! After retiring in 1992 from his Aparna Agrawal, MBA ’82 faculty position at the University of Washington, Robert has become an Born in India and raised in Boston, Aparna Agrawal, through her work as an artist- advisor in the Ukraine and has pub- in-residence at the Wang Center for the Performing Arts, encourages people to be lished three books in the Russian well-rounded. “I wanted to create—especially after a three-month visit to Nepal! language. You can reach him at robert- So I went to work with art to teach, demystify and make art a part of people’s experi- [email protected]. ence.” Aparna’s creative spirit as a child is “on record.” At age 10, she and her sister were interviewed by Toy Review magazine; although she enjoyed the subject toy, Aparna told the interviewer, “It’s nice, but I just make my own toys.” Today, if her son wants a toy, “We get out the wood, nails, drill, whatever, and we make it. “One of my professors at the University of Massachusetts encouraged me to put Earl W. Taylor my skills to good use by seeking an MBA with a focus on international relations.” 60 MBA ’60 She completed her MBA with a major in telecommunications—a field in which there is a CPA in Ann Arbor. “I was lucky to were few women at the time. After positions with GTE, Motorola (Boston) and attend my first UMBS reunion and had Continental Cable (now Media One), she decided it was time for a change. “While at a marvelous time. Media One, I served as general manger for three cable systems generating $14 million As I near retire- in business. Although I found the service end of cable TV very satisfying, in general ment, I regret not I saw the business world pushing people, money, resources—not creating something. taking advantage of I wanted to create.” Aparna attended courses at the Boston Museum School, a studio- more opportunities based program, which allowed her to sharpen her artistic skills. She also received to see old friends training at the Kennedy Center for the Arts as an artist/educator. In 1996 Aparna was and make new selected as a National Endowment for the Arts/New England Foundation for the Arts ones,” says Earl. fellow. “I was shocked to get the grant! What incredible validation! I knew I had made “The Business the right choice.” School has expanded beyond my wildest For the past six years she has been “making art”—mixed media sculptures and dreams.” You can reach Earl at landscape paintings (particularly of the Maine islands). In fact, Harvard Business [email protected]. School recently purchased one of Aparna’s oil paintings. She describes her sculptures as “abstract, referential to the body, focusing on late 20th century techniques and fragmentation.” Typically, they are composed of wire, dyed rice paper, thread, plaster and beeswax (imported from Venezuela). Says Aparna, “The beeswax gives the sculp- Steven T. Tabac tures a golden hue that reminds me of the light in India.” 64 MBA ’64 Aparna is at the Wang Center as part of a three-year pilot program that is gener- ously funded by Fortune 500 companies. As part of this program, she works in middle is the senior partner in the Montreal schools in Lynn, Massachusetts. Her interaction with seventh-grade students incorpo- office of Richler & Tabac. More im- rates art and sculpture into the curriculum in order to assist students in improving portant, “I married off my last child their mathematics and foreign language skills. “This is a troubled school environ- last August, and my wife Jackie and ment; but you can see the children are enlivened by what they’re doing.” Aparna I have three grandchildren,” says hopes to continue in an educational environment once the pilot program is com- Steven. You can reach him at pleted. In addition, she participates in [email protected]. approximately five exhibitions per year— one or two of which are solo exhibitions, the remainder are joint endeavors with other area artists. Bill Clegern 65 MBA ’65 is a self-employed management con- sultant in Glendale, Ohio. “I retired in 1997 from Procter & Gamble after a 30+ year career. My wife and I now do volunteer work, and I also consult and teach in the fields of project manage- ment, engineering and construction,” Above: “Two at says Bill, who can be reached at Low Tide,” now at [email protected]. Harvard Business School. Left: Artist Aparna Agrawal in her studio Donald L. Krieger in Boston. BBA ’65 is the owner of his own CPA firm with offices in downtown Gaylord, Mich. For your taxing problems, Don can be reached at [email protected].

Dividend / 35 Paul Foote Location, Location, Location 67 BBA ’67 John W. Norris III, MBA ’84 is a professor of accounting at California State University at Fullerton. he three tenets of real estate don’t mean a lot to John “Bo” Norris. If you buy a T “I spent three months last year con- “home” from Bo and don’t like its location, you can take it apart, move it wherever sulting in the Middle East for a bro- you want and put it back together. That’s because Bo is co-founder and president of kerage and investment banking firm, Borealis Yurts in Gray, Maine. Yurts have housed the nomads of central Asia for performing internal control system and centuries. Traditionally built on a latticework frame with a fabric enclosure, Bo’s fraud audits,” says Paul, who you will modern, high-tech yurts are fashioned on the same principle, but can serve as an find at [email protected]. environmentally sound main residence. Bo grew up in Iowa but attended TCU in Fort Worth, where he received his degree in finance and economics. “TCU had the largest student-managed investment Gary Ikeman portfolio of over $1 mil- MBA ’67 lion, and I was manager for a year,” says Bo of his is vice president of Canderm Pharma real-world experience. Inc. in St. Laurent, Quebec, which He went into banking for develops and licenses dermatological 18 months, but missed and cosmetic products for marketing in “the outdoors, out west Canada. Gary recently sold his Montreal and up north experience” home, rented an apartment and bought and needed further edu- a new home in Stowe, Vt., for weekends cation to find his niche. and holidays. “I’m very active in skiing, He chose Michigan biking, hiking, weightlifting and have because it was a top gone back to playing the guitar, mostly school and the dean blues, though I’ve also been taking jazz (Gilbert Whitaker) had lessons,” reports Gary, who can be come from TCU. “At the reached at [email protected]. Business School I started to think about my own Edward K. Michael business,” says Bo. BBA ’67, MBA ’68 Until the idea was formulated, Bo joined the retired as CEO of the Diamond Peace Corps and served Have yurt, Match Company after 12 years there. in Jamaica from 1985–87. will travel: He and his wife Dawn keep busy “Jamaica had the most Bo Norris through various boards, including Peace Corps volunteers in Maine. the Business School’s Alumni Society leave early because of the Board of Governors. They reside in utter poverty and crime,” says Bo. “I formed a Naples, Fla., and enjoy tennis, skiing women’s collective, taught them how to make and traveling. handmade paper and developed a product line that was sold in the tourist markets on the north Gail (Levin) Richmond coast. I had to teach them basic business and MBA ’67 production skills, and the literacy level was mar- ginal at best. But the project is still ongoing.” is associate dean for academic affairs When Bo was leaving the Peace Corps, his brother was graduating from Bowdoin at the Shepard Broad Law Center, College and they attempted to buy a sporting lodge in Maine, but the deal fell Nova Southeastern University, Fort through. “We went to work for the people who bought the lodge, spent the winter Lauderdale, Fla. She is the author of running the cross country skiing operation, went to shows and came up with the idea Federal Tax Research: Guide to Materials of a hut-to-hut trail system whose portability would not affect the forest environment and Techniques (5th ed., Foundation adversely,” says Bo. Hence the yurt. They improved on the traditional product and the Press, 1997) and co-author of Tax demand arose, at first among individuals who wanted a structure to live in while a Planning for Lifetime and Testamentary permanent residence was being built on their land. But the momentum kept building. Distributions—Prototype Plans (American “People live in them year-round now,” says Bo, whose growing market is state parks Bar Association, 1997). You can reach and summer camps. “I have to spend more time at my desk, but I also enjoy building Gail at [email protected]. them. Michigan gave me the tools to make this company work. The concepts are right out of MBA-land, and I use them all the time. As long as I’m still challenged and Don Surath excited about what I’m doing and working for myself, I’ll continue; but it’s a lifestyle 1 BBA ’67 choice, rather than a career.” Bo and his wife Cathy have two boys, 6 and 4 ⁄2, and recently adopted a six-month-old girl from Cambodia. is currently helping launch a new family “Maine is a wonderful place to live, raise a family and do business,” says Bo, “and friendly TV network in San Francisco. even if I sold the business tomorrow, I’d probably still stay in Maine. I could land on As an award-winning seller, manager my feet anywhere with my Michigan MBA. It’s been a great experience, and I and trainer, he perfected and shared his wouldn’t trade it for anything.” You can reach Bo at [email protected] and learn all Effortless Selling techniques across about yurts at www.me3.com/yurts/. America. You can reach Don at [email protected].

36 / SPRING 1999 David G. Arscott Heidi B. Allen Anthony S. Panson 68 MBA ’68 73 BBA ’73, MBA ’76 BBA ’77 is a partner with Compass Management is a CPA in Fort Lauderdale, Fla. “I ran is a partner with the CPA firm of Partners in Menlo Park, Calif. “Our firm my first marathon at Disney World in Priskorn & Panson in Wyandotte, Mich. invests in emerging public technology January 1999,” says Heidi rather proudly, “After six years of public accounting companies and a select group of pre- “and I saw the team win the Citrus with Price Waterhouse, I hung out my public opportunities,” explains David, Bowl on New Year’s Day,” she adds even own shingle in 1983. Business has been who can be reached at [email protected]. more proudly. great thanks to my background from Michigan and Price Waterhouse,” says Anthony. “My 11-year-old son, Stefan, participated in the State of Michigan Ronald W. Stier Raymond M. Leung Problem-Solving seminar in Ann Arbor MBA ’68 MBA ’73 last year and stayed in the same dormi- tory I did in 1973–75.” “I’m working toward a company relocated to Houston from Tulsa and turnaround,” says Ron, who is VP recently joined PennPoint, a division of sales and marketing for ITS of PennWell Publishing Company, as Razi Rom Water Technologies in Katy, Texas. director of Business Operations and MBA ’77 “Once complete, I want to retire early Development. PennPoint is a data and and spend time coastal cruising on consulting service provider for oil and is president of Guardian Development our sailboat.” gas well production and completion Ltd. in Tel-Aviv. “I went back from Long databases worldwide. Ray and his wife Island, N.Y., to Israel in 1993, and we Lucy reside in Katy, Texas, with their started 12- to 15-unit apartment houses in central Tel-Aviv,” reports Razi. Jack Trytten three children. You can reach him at [email protected]. “We use some good old cost control 70 MBA ’70 and marketing ideas from the Business School and our good sense, cultural has just joined Michael Myers & constraints and 20-some years of experi- Associates in Chicago as director of ence since graduation. Best regards to marketing and account management. Michael Amspaugh 77 MBA ’77 my ’77 MBA classmates.” “It’s been a good year so far. I was Mark D. Weinberg Thomas W. Walsh placed in the current Who’s Who in BBA ’77 MBA ’70 Executives, the company I was part owner of has merged with SAIC, a $4.5 billion is one of the founders of the Platinum is the audit and business advisory serv- scientific consulting company and the Funding Corp., a private finance com- ices partner with PriceWaterhouse- largest employee-owned R&D company pany in Hackensack, N.J., that factors Coopers LLP in New York City and is in the world. They acquired us to reach accounts receivable, as well as one of the chair of the AICPA Task Force on into the private sector, and we are now a founders of SWH Funding Corp., a Accounting for Long Duration, Non- consulting division of SAIC, performing “hard money” real estate lender. Mark is Traditional Insurance Products. ERP migration and integration with a also a founding partner of Solomon and special emphasis on SAP R/3, the new Weinberg LLP, a 15-lawyer real estate/ client/server business application and litigation boutique law firm. development system that most Fortune Fred Woolsey 500 companies have converted to. MBA ’70 I will stay with them for awhile to David J. DeFrance is managing director of Harrison ensure a smooth transition, then maybe 78 MBA ’78 Capital Corp. in Grosse Pointe start some other new areas for them. started his own business last year in con- Farms, Mich., an equipment leasing Meanwhile, I continue to be a kung fu sulting and training. “I now consult in advisory firm. You can contact Fred at and wu chi instructor and a site council all areas of quality system implementa- [email protected]. member for my son Trevor’s school,” tion and train in FMEA, DOE, APQP, reports a busy Mike. You can reach him QFD and internal auditing,” says David, at mdasfo@flash.net. who adds wryly, “If you don’t know Laurence J. LeBlanc those acronyms, you probably don’t need this training, but these are 71 BBA ’71 required or suggested for auto suppliers Kenneth B. Kelly is counselor chairperson at Dexter and good disciplines for all companies.” Community Schools in Dexter, Mich. BBA ’77, MBA ’83 He also teaches a basic automotive elec- He worked as a teacher, counselor, assis- recently joined School Zone Publishing tronics course for the SAE. To reach tant principal, coach and consultant and Co. in Grand Haven, Mich., the leading David, e-mail [email protected]. was named Secondary School Counselor publisher of workbooks and flashcards of the Year in 1998 by the Michigan for pre-k through sixth grade students. Lawrence J. Harwood School Counselor Association. Laurence “My wife Mary and sons Reed, 6, and also founded and directed the Great Ian, 4, really enjoy living in west BBA ’78, MBA ’90 Lakes Career Development Center in Michigan,” says Ken, who can be is a mortgage and investment banker Ann Arbor. reached at [email protected]. at the Lutz Companies in Southfield,

Dividend / 37 Mich., and was named chairman of the Prahalad’s talk on his book Competing John S. Vincent University Alumni Association’s Camps for the Future.” You can reach Anant MBA ’80 Council. He has been a CPA since 1978 at [email protected]. and resides in West Bloomfield, Mich., is president of John S. Vincent & Co. with his wife Debbie and son Danny. LLC in Chicago, a financial advisory firm he started in January 1998 to serve Glenn Mueller the tax-exempt financing needs of col- Ron Schultz MBA ’79 leges and universities, after spending 17 years as a public finance banker with MBA ’78 is president of the largest Domino’s pizza operation in the U.S., with more John Nuveen & Co. John, wife Annette is chief operating officer of the cus- than 150 stores. He and his wife Valerie and daughters Angela, Christina and tomer management group of Convergys have five children and live in Long Ariel live in River Forest, Ill., and spend Corp. “The billion-dollar company pro- Beach, Mississippi. For takeout, you can their time playing golf and other out- vides customer service, billing, tele- contact Glenn at [email protected]. door activities. You can reach John at services and other related customer care 312.332.1336 or [email protected]. services for major corporations,” says Ron, who now resides in Cincinnati with his wife Nancy and their two children. John R. Cadarette Jr. You can reach him at [email protected]. 80 BBA ’80 has been named a partner with Arthur Sarah S. Allan Andersen LLP. He joined the Chicago 79 business consulting practice in February MBA ’79 1998 and will serve as partner-in-charge “After many years of working for IBM of the insurance cost recovery group of and living in New York, I have moved the environmental services practice. to suburban Washington, D.C., and am working as a pricing analyst in the The John S. Vincent Family air traffic management sector of Richard Clark Lockheed/Martin,” says Sarah, who can Peter Bergman MBA ’80 be found at [email protected]. 81 MBA ’81 “I returned to school at the University is VP of marketing and customer care of North Carolina and received an for Canon Computer Systems in Costa Andrew T. Crist MSIS, concentrating in networking and Mesa, Calif. “I was the first employee at databases, in December 1997. In January MBA ’79 our start-up subsidiary which focuses on 1998, I started a new career as a tech- was promoted last year to VP, financial computer peripherals. Sales have grown nology consultant with Andersen operations, of Blockbuster, where he rapidly, now exceeding $1 billion. We Consulting,” says Dick, who can be has been since have two great kids, Alison and Andrew. reached at [email protected]. 1996. Prior to that I’d love to hear from alums in southern he was at Alamo California,” says Peter, who can be reached Rent-a-Car and Peat at [email protected]. Marwick, Mitchell Eiichi Michizoe & Co. He is a CPA, MBA ’80 has served as vice Robert B. Mahoney is deputy general manager of Bank of president and treas- MBA ’81 Tokyo–Mitsubishi in Seattle. “I returned urer of the Fort to the U.S. in 1995, 15 years after gradua- is vice president and CFO of Molex Inc. Lauderdale Museum of Art and is a tion,” says Eiichi. “My family and I visited in Lisle, Ill., a major high-tech elec- member of the Duke University Alumni Ann Arbor on our vacation. There were tronics firm serving the global PC, Advisory Committee. He and his wife many changes, my wife likes the campus telecommunication, automotive and reside in Dallas. very much and my children were able to network markets. “My wife, Wendy see where I had lived and learned.” Strauch, and I now have four boys and enjoy living in the north shore area,” Anant Keskasemsook says Robert. “We have been in the MBA ’79 Chicago area for three years and only Joseph S. Richie is managing director of Siam Cement miss the California weather. Both of us Co. in Bangkok, Thailand. “Having MBA ’80 are active in the Winnetka community worked all my life in Thailand, the was recently promoted to manager of and school system.” chance to visit Ann Arbor and the product positioning and strategy for Business School finally came during Freightliner Corp. in Portland, Ore., the Martin M. Shenkman 1995–1997 when working for the leading Class 8 truck manufacturer in Guardian Glass Corporation’s joint North America and a member of the MBA ’81 venture with the Siam Cement Daimler-Benz group. Joe and Nancy’s is an attorney with Martin M. Company,” says Anant. “Topping off the daughter, Stephanie, began her college Shenkman, PC in Teaneck, N.J. He has three years’ splendid working experi- studies at Chapman University in fall just published his 24th book, The ence and many trips to Michigan was 1998. Joe can be reached at Beneficiary Workbook (New York: John the chance to listen to Professor C.K. [email protected]. Wiley & Sons).

38 / SPRING 1999 Evan Wallach MBA ’81 Moving AHEAD in Taiwan has recently become vice Julie T. Wu Lee, MBA ’85 president–finance for C-S Aviation s a child, Julie left Taiwan and grew up in Potomac, Md. She received her bach- Services Inc. in New York City. CSAS is A elor’s degree from the University of Pennsylvania in 1983 and went directly to the an investment fund manager special- Business School. “Even though I was in Philadelphia, the University of Michigan was izing in the aviation industry. You will well known and I felt what I learned there would be put to good use,” says Julie. After find Evan at [email protected]. graduation she went to Cornell where her husband was getting his Ph.D., left there in 1987 for San Jose where he went to work for IBM and she went to Westinghouse and James M. Wilber then Unisys. In 1994, they returned to Taiwan. MBA ’81 Not long afterward, AHEAD (Advanced Holographic Effects and Diffractive has been named Optoelectronics) Optoelectronics was founded as a subsidiary of the well-known vice president of Wah Lee Industrial Corporation and Julie became international manager. “We are a commercial lending high-tech company specializing in optomechanical, electronic, optic, optoelectronic for U.S. Bank in and holographic products,” says Julie, “and have established links with National Illinois. Formerly he Taiwan University to ensure our continued technological development. Our parent was with Bank of company is one of the largest trading companies in Taiwan, with offices in more than America and Mellon 13 countries, more than 1,000 employees and revenue last year of some $800 million.” Bank and Northern Trust Company If you have received a credit card recently, it’s likely to have a holographic in Chicago. image on it for security purposes. And there’s a very good chance that hologram was produced by AHEAD. There are many ways holograms can be used in the security industry, which is their main customer base, but you also will find them Jonathan Caplan on pens, watches, keyrings and other such products. “We’re the only company 82 MBA ’82 in the world that produces holographic systems, not just holograms,” says Julie, Jon and his wife Michele reside with “and we have a mastering system you can turn into holograms. Two other companies their two sons in Edgemont in southern in the world provide the latter, but we are more user friendly. Our system is very well Westchester County, New York. In 1990 self-contained.” they returned to New York where Jon Julie’s role encompasses anything in the international field—negotiations, helped Chase Manhattan Bank manage contracts, correspondence, sales and marketing. The small company, with only 55 and dispose of a national commercial employees, has forged exclusive distribution alliances and OEM agreements with real estate portfolio. From 1995 to 1998 many major corporations regarding both their holographic and other products. he was consultant to a pension fund “Since our parent company, Wah Lee, was founded with the full belief that honesty, advisor and recently joined CB Richard integrity and customer satisfaction lead to the road to success, it not only maintains a Ellis as a managing director in the close and harmonious relationship with domestic manufacturers, but also serves investment properties group. Michele numerous major suppliers worldwide. There is an (MSW and MHSA) has become a jew- incredible amount of potential here, and I want to elry designer with private clients; several stay and see how far we can go.” galleries and stores also have begun To learn more about the fascinating world of representing her. You can reach Jon at holographic and optoelectronic products, contact [email protected]. Julie at [email protected] or visit their Web site at www.ahead.com.tw. Julie Lee: Donn Tice Charting the future, MBA ’82 revering the past. has been president and CEO of Winterland, a $60 million apparel company in San Leandro, Calif., for two years. “Our son, Alex, is 10 and daughter, Virginia, is 12,” says Donn. “My wife Maurine is a pediatric anesthe- siologist and intensive care physician at Oakland Children’s Hospital.” You can reach him at [email protected].

Daniel L. Jones Jr. 83 MBA ’83 is trotting the globe these days over- seeing the design/construction of new rapid transit lines in Bangkok, Thailand, and San Juan, Puerto Rico, while pur- suing similar projects in Buenos Aires and New Delhi. Dan, his wife Deborah and three children make their home in Medfield, Mass.

Dividend / 39 Perfect Pitch: Forging the Second Hundred Years David Lai Pamela E. Starrett, MBA ’88 MBA ’83 “After working for nine years at IBM I retired and went back to school,” says David, who received his Ph.D. in clinical psychology this past September. You can Peter Ingalls reach David at [email protected].

Craig Pollock MBA ’83 is a product engineer with Aetna Ind. Inc. in Center Line, Mich., and resides in nearby Warren. He’d like to hear from his friends in Business School, especially Dan Verner, Keith Caunter, Charlie Vogel, Mike Franken and Mitch Blank. “Give me a call,” says Craig, who can be reached at 810.759.2200.

Susan R. Arneson Pamela Starrett with violinist Eugene Fodor. 84 MBA ’84 After Concord, New Hampshire, native Pamela Starrett earned dual degrees is manager of marketing and public from the University of Michigan Business School and from the University in Arts relations for Albert Kahn Associates, Administration, she initially expected her career to be on the podium with baton in a leading architec- hand. After all, she was one of the first women in the orchestral conducting program tural, engineering at the University. Logical, right? Well, perhaps not. From 1988 to 1990 Pamela, also a and planning firm. talented violinist, performed with the Kalamazoo Symphony Orchestra, conducted She is an active the youth symphony and served as the orchestra’s marketing director. Though not member of the quite part of the original plan, “It was fantastic! I used everything I learned at Society for Michigan,” says Pamela. Her association with Matthew Hazelwood, who became Battle Marketing Creek Symphony Orchestra’s music director in 1989, proved a pivotal point in her Professional career. Hazelwood enticed Pamela away from Kalamazoo to the Battle Creek Services, and is a Symphony Orchestra (BCSO) in 1990. Says Pamela, “The relationship between us is recent past president and member of exceptional, based on trust and honesty. We work as a team. And he has so much the board of directors. She resides in integrity as a musician. I’m very fortunate.” Lathrup Village, Mich. Originally founded as part of the local music conservatory, the BCSO is cele- brating its centennial this season with six subscription concerts, some special recitals and one special event—all with very distinctive Michigan connections. “I’m a vision Edward Coppola person who’s constantly writing down goals. I believe in ideas and being flexible MBA ’84 about things. Our focus is on the next 100 years, not simply the centennial celebra- tion.” Pamela and her husband, Peter Ingalls, have been working very diligently to “After eight years in the World Bank ensure the BCSO’s second hundred years are aesthetically, economically and educa- Group, I have joined Zurich-American tionally successful. Insurance Group to start its new One project designed to ensure their future was the founding of the Community political risk insurance program. Music School. “We got the idea from community music schools in New Hampshire. Although the exotic travel and other Peter left his position as a writing instructor at Battle Creek Community College in perks at the World Bank were nice, the 1994 to write the plans that would form the Community Music School. In order to chance to be part of a start-up opera- launch any project, you must have people with vision willing to take risks. We were tion again was too good to pass up. I fortunate. A life member of the symphony board living in Florida read a line in the have found the challenge of building minutes about the Community Music School project (CMS) and sent us $20,000.” something from nothing an exhilarating The CMS opened on February 14, 1996 with an initial enrollment of 65 students. experience,” says Ed, who resides in Today, the CMS serves more than 250 children. “It’s so rewarding for me to see the Oakton, Va., and can be reached at positive energy generated by those children when they’re playing music.” [email protected]. In addition to her day-to-day duties as Executive Director of the BCSO, Pamela is actively involved with the Music Center Action Planning Team. This task force will Peggy J. Ellis merge four local musical organizations into one 501(c)(3) corporation. The merger of the BCSO, Battle Creek Community Chorus, Boys Choir and Girls Youth Chorus, MBA ’84 and the Battle Creek Youth Orchestra will result in a full-blown community music is director of congressional and public school. Says Pamela, “It’s about relationship building, teamwork and doing everything affairs for the Republican National by consensus.” As an artist/administrator Pamela says, “The real turning point for me Committee in Washington, D.C. “I serve was when I learned to value others’ ideas in other disciplines—not just people’s as the committee’s liaison to Congress, musical ideas.” She believes the BCSO has now come full circle. “The BCSO started as the nation’s governors and public policy a school, and 100 years later it’s created a school.” groups with additional responsibility for

40 / SPRING 1999 our public opinion research,” says Peggy equity and fixed-income trading systems, Wes and Niki (Pappas) Lower who can be reached at [email protected]. as well as the portfolio accounting MBA ’88 (both) system. Sarah and I were married in 1995 and had a son, Samuel Grant, born “After spending nearly three years in José da Palma in July 1997. Feel free to contact me at a very small Indiana town, we moved 86 MBA ’86 [email protected].” to Cincinnati in December 1998. I will be a senior analyst with Directions is managing director of Consultarella Research, having spent four years as a Management Services in Como, Italy. Daniel S. Gollman full-time mother. Wes will try telecom- “After 11 years at Arthur Little, I became muting to his company in Indiana from one of the few world experts in railway MBA ’87 Cincinnati,” reports Niki. industry issues, planning and opera- has been the CFO for United tions, but there was nowhere to move HealthCare of New York/New Jersey up,” says José, “so I became an entrepre- Inc., a 400,000-member managed care Lauren (Schmitz) Shapton neur. Now I gamble my own money, plus company in New York City, for the past MBA ’88 that of creditors, in such diverse busi- three years. You can reach him at is a communications specialist with nesses as fashion and, of course, con- [email protected]. sulting, where my own company Portland General Electric in Portland, provides low-cost, high-caliber services Ore. “I’m happily married since 1990 to to other consultancies on a subcon- Thomas Shapton, MBA ’89, and have Sydnei (Lippman) Kaplan two children, Scott, 4, and Claire, 2,” tracting basis.” José, his wife Adriana MBA ’87 and their two children, Sergio and says Lauren. Sonia, live in Lisbon. He can be reached is president of Kaplan Kreations in in Como at 351.936.2402584. “I miss Marietta, Ga. “I started my own business in 1998 providing marketing services, Mark G. Simmons Ann Arbor and the friends I made there MBA ’88 and maybe I can turn up at one of the specializing in kids marketing. Most next class reunions at last,” says José. important, we had our first baby, Mia, in “After living in Europe for the last nine 1998. David and I are still adjusting to years, I have relocated to the U.S. as the our revised sleeping schedule though,” Ernst & Young partner responsible for Gregory S. Lang says Sydnei. worldwide sourcing and supplier man- BBA ’86 agement practice.” You can reach Mark at [email protected]. is vice president of Intel’s network Katherine M. Scherer communications group and general BBA ’87 manager of the network interface Heather (Davis) Tressler division. He is responsible for the man- has been named a partner at Arthur BBA ’88 agement of NID’s business direction, Andersen LLP. She has been a member strategic planning, marketing, product of the Chicago office’s tax and business is first vice president of Bank One in planning, product development and advisory services practice for the past Chicago. She manages the bank’s credit business operations, with teams in 11 years. She and her husband Thomas exposures to U.S. financial institutions. Oregon, Massachusetts and Israel. live in Burr Ridge, Ill. Husband Chris Tressler, BBA ’88, is Greg has been with Intel since grad- tax manager for BT Office Products uating in 1986, received his MBA from International. Chris and Heather Washington State University in 1991 Steve and Judith (Goode) Zacher now have a new Wolverine, Sydney and was appointed vice president in MBA ’87 (both) Elizabeth Tressler, born June 8, 1998. January 1999. Congratulations can be sent to: Steve is president of Zacher Company [email protected]. LLC, a Fort Wayne, Ind.–based commer- Margaret Geffert Brooks cial and industrial real estate brokerage 87 MBA ’87 company. Judy is a physician and in her George and Lisa second year of OB/GYN residency at (Loesch) Cotter “In January 1998 we had our first child, Sinai Hospital in Detroit. 89 Aaron Michael. Last summer I returned MBA ’89 (both) to General Motors as general director of “Lisa and George Cotter have gone to the North American Marketing Support James V. Camp Disney World! I’m the brand manager Center,” says Margaret, who proudly 88 MBA ’88 for the Disney-MGM Studios theme adds, “My husband Loran started in the park, while George is in productivity at Michigan MBA program last fall.” is senior vice president of Koll Corner- the Magic Kingdom. Both of us were at stone in Newport Beach, Calif. “I mar- Hershey Foods previously,” reports Lisa, ried a wonderful woman, Janine, on who can be found at [email protected]. Kevin B. Cantor January 31, 1998,” says Jim. MBA ’87 Michael and Julie (Spencer) Fuoti “For the past seven years I have worked Michael A. Gabay at Jennison Associates, a $42 billion MBA ’89 (both) investment advisory firm in midtown BBA ’88 have moved from New Jersey to Manhattan,” says Kevin. “Currently I am is now a financial consultant with the Wilmette, Ill., where Michael is director VP of the systems application group, Merrill Lynch Private Client Group in of Newcourt Capital. You can reach him which is responsible for the firm’s New York City. at [email protected].

Dividend / 41 Cdr. Loren V. Heckelman Jeff Frerichs Chris Heaton MBA ’89 90 MBA ’90 MBA ’91 is attached to the aircraft carrier USS has started his own investment fund. is the proprietor of Campus Abraham Lincoln, which is based in After trading for a commercial bank in Management Inc., which manages 300 Everett, Wash., but tours the Pacific and New York, he is managing director of houses and apartments within eight Arabian Gulf. Thor Capital in Las Vegas. “I’m still blocks of the University of Michigan looking for two partners, one with campus. Chris, his wife Janet and their emerging market trading/investment three children, John, Anna and Emma, Carla Holder experience and one with investment live in Ann Arbor. You can reach him at MBA ’89 marketing experience.” If you have an [email protected]. interest in either of these opportunities is commercial manager, capital planning or just want to say hello, contact him at and analysis, for Unilever Home & [email protected]. Personal Care in New York City. “This Brian Heller summer I spent a week at Scottish harp camp in Oberlin, Ohio, then went to MBA ’91 Ann Arbor to visit classmate Pam Rick Tauber is now senior counsel for America Bethune and her husband Bob. I got MBA ’90 Online in Dulles, Va. He’s easily con- to see her new house and horse and recently joined Stein Roe as a corporate tacted at [email protected]. Bob’s sailboat,” says Carla who is at bond analyst after having been with [email protected]. MetLife since B-School. “This allowed me to return to Chicago, after having worked in Chicago, LA and New Jersey,” Mark Holman Matthew Kenkel says Rick, who adds, “but I did get a MBA ’91 MBA ’89 good thing out of New Jersey—a corporate vice president at Matt and his wife, Dina, had a baby fiancee. We’re currently enjoying life in Solectron Corp. in Milpitas, Calif., boy, Stephen Andrew Kenkel, in Lincoln Park, Ill.” You can reach Rick at announces the birth of his second October 1998. [email protected]. daughter, Kayla Ann Holman, on He joins his May 10, 1998. Congrats can be sent to older brother [email protected]. Patrick, born Joseph Crepaldi in May 1996. Matt 91 MBA ’91 is an associate “After several years with Bain & Co. broker with ERA Allan Kleer in Italy, Australia and South Africa, Banker’s Realty in MBA ’91 I joined A.T. Kearney in 1997, where I Farmington Hills, currently lead the strategy practice for “I recently formed my own manage- Mich. You can visit Matt at his Web site: South Asia. I married Marina in 1994, ment consulting partnership located www.MattKenkel.com. and our first son Edoardo Jeremy was in Miami Beach specializing in strategic born in 1997,” says Joseph, who lives in consulting, marketing, business develop- Sydney, Australia, and can be reached at ment, financial analysis, business acquisi- Michael A. Siepierski [email protected]. tion and feasibility studies,” says Allan. MBA ’89 You will find him at [email protected]. is vehicle systems engineer for the GM Truck Group in Pontiac. “I have been Diana Diel reassigned to interior vehicle systems MBA ’91 engineer for vans and international Jonathan Sherman vehicles,” says Mike, who can be reached “My husband and I just had our second MBA ’91 at [email protected]. child, Carly Michelle Choppin, last is owner of Microforest Inc. in San September. Her big sister Katie, 3, is Marcos, Calif. “San Diego is a fun place thrilled to have her as part of our to live and work. Business is going well Gwendolyn Zeno family. Tim and I are sleep-deprived and I’m engaged to Paula Crafton,” MBA ’89 but thrilled with our newest addition. reports Jonathan, who can be contacted I’m staying home with my kids right at [email protected]. “I’m living in my third city since now,” says Diana, who resides in Silver B-School—Chicago, Philadelphia and Spring, Md. now the New York metro area,” says Gwendolyn. “I recently accepted a Mark Weintraub product manager position at Hoffman- Rodney E. Haynes LaRoche, a $15 billion pharmaceutical BBA ’91 manufacturer, and am responsible for MBA ’91 was recently pro- establishing the strategic direction, has been named controller of Ford’s moted to vice directing tactical implementation and Ranger Pickup assembly plant in president, risk achieving P&L objectives for cardio- Edison, N.J., and now resides in West management, for vascular products.” You will find her at Orange, N.J. You can reach him at Republic Ban- [email protected]. [email protected]. corp Inc.

42 / SPRING 1999 Jack Foreman 92 MBA ’92 Flower Power! is vice president, product development Yuval Moed, MBA ’91 for Jupiter Communications in New he hour is late, the stores are closed, it’s Valentine’s Day eve and you’re empty- York City. He and his wife Kathy had a T handed AGAIN! How are you going to explain yourself to your significant other son, Samuel Louis, on June 29, 1998. THIS TIME? There must be a way out of this mess! If you’re online, you’re in luck— You can reach him at [email protected]. simply fire up the PC, click on www.flowerfarm.com and let Florabelle, the Tinkerbell-esque hostess of the site, guide you through Yuval Moed’s virtual flower Pete Gable shop and save you from your chronic absent-mindedness! While you’re visiting the site, take a moment to sign up for Flowerfarm’s reminder service. After all, an ounce MBA ’92 of prevention is worth a became engaged last Thanksgiving pound of cure. weekend at the Grand Canyon to After completing his MBA, Krista Davidson. “I’ve been enjoying Yuval joined Sunburst Farms playing in the band, traveling to Russia, in Miami. During his tenure Japan and the Caribbean and, of course, there, he not only spent time tailgating at the Michigan football learning about the nature of games,” says Pete. the floral industry, but also became involved with e-commerce. “That experience John Hunt provided me with tools to co- MBA ’92 found and develop flower- is director of automotive marketing for farm.com as an independent QAD in Offenbach am Main, Germany. grower-to-consumer e-com- “After six years in various roles with an merce service. We spent over automotive supplier, I recently joined a six months setting up a robust software developer of ERP products. Web site as well as back-end Vicky and I have been in Europe for fulfillment systems.” Yuval’s ini- the past four years and look forward to tial partners included the past returning to the U.S. in the not-too- two CEOs of Sunburst Farms. distant future. We have two lovely Flying Flowers Ltd., the largest daughters, Lucy, 4, and Alice, 3.” John’s flower direct marketing com- e-mail is: [email protected]. pany in the United Kingdom, also became a partner. “Indirectly, our front-end Web Marcia M. (Doud) Murray provider, Pandesic LLC (a MBA ’92 joint venture between Intel and SAP), also can be consid- is vice president of Balentine & ered as a partner due to the Company in Atlanta where she serves unique relationship between as an investment advisor on estate, both organizations. Coinci- income and tax planning. She received dentally, Pandesic LLC is led her CPA in 1995 and is sitting for her by two other Michigan busi- CFA this spring. “My husband Patrick ness school alumni: CEO Harold Hughes, MBA ’74, and COO Edward Harley, and our two children, Meagan and Ben, BBA ’64.” live in Marietta, and in my spare time Flowerfarm.com is a flower delivery service that provides consumers with an alter- I serve on the finance committee at my native delivery service of flowers in the U.S. and 18 additional countries. “The church, read and run. I’ve done one Internet is the strongest distribution channel ever created. More and more users triathlon and four half-marathons. come on board daily. The idea is to build a global service which focuses not only on And I’d love to hear from classmates,” the U.S., but also South America, the Far East and Europe.” The flowers come directly says Marcia. They can reach her at from the growers, which has enabled Flowerfarm.com to eliminate the middle layer [email protected]. of the standard industry infrastructure—the wholesaler and retailer—and focus on providing its product directly to the consumer. The farms are located in South Amy Rubin America, Europe, Africa and Asia. Flowers are flown in daily from the farms direct to the design center. Upon arrival, the flowers are subjected to quality control inspec- MBA ’92 tion before individual bouquets are designed in response to orders. Once the bou- is advertising manager for Intel Asia Pte quet or arrangement is completed, the order is shipped via distribution entities Ltd. in Singapore. “I have been with (pre-selected by the customer when the order is placed) such as Federal Express. Intel for two years and am now in Although it cannot compete in the same-day delivery market, its low overhead, effi- charge of the advertising program for ciency and product quality allow it to compete with wire services (TeleFlora and the Asia Pacific Region. I also advise FTD) both on price and merit. marketing managers of various coun- “In five years I envision Flowerfarm.com as one of the major flower providers tries on advertising strategy. It’s great globally. We should be able to create a growth market due to the unique model and fun and an excellent use of both my the inexpensive price structure of its flowers. Valentine’s Day 1999 proved the model is business and Asian Studies (MA) back- right!” Mark your calendar with those “can’t-forget” dates, and bookmark the site now!

Dividend / 43 grounds,” says Amy, who can be found at cocker spaniels both in Mexico and the David Himmel [email protected]. U.S. If you’re in Mexico City, give me a MBA ’94 call at 5.625.3064, or e-mail me at [email protected]. is sales and marketing manager for Mary (Sims) Vonck Schieffelin & Somerset in New York MBA ’92 City, a distributor of wines and spirits. Andrew V. Masterman To lift your spirits, you can reach is product manager for Process MBA ’93 David at david.himmel@schieffelin- Engineering in Grand Rapids, Mich. somerset.com. “I married in 1991, as most of you know, was promoted on September 1, 1998, and now have four children, Caroline, to regional president, Asia Pacific for Paul, Sarah and Meghan,” says Mary, Walbro Corporation. He is now a Koki Itakura who, along with mothering four young- member of the Walbro operating com- MBA ’94 sters, works part-time. “I’ve spent the last mittee and is responsible for all opera- few years working with my husband to tions in Asia. Walbro is a Michigan is senior manager and head of the start up a sales office for the product I’d designer and manufacturer of precision China Department for the Bank of always sold. It was a lot of fun.” You can fuel systems and products for auto- Tokyo–Mitsubishi Ltd. in Hong Kong. reach her at the office at 616.784.7636. motive and small engine markets. “In the past four years we have experi- Andrew also reports he married enced a lot of changes, including the Cheryl Aylesworth in October 1997, handover to China, a market crash in Lisa D. Andujar and they currently reside in Tokyo. 1997 and a continuing recession,” says 93 MBA ’93 “If anyone from the Business School Koki. “Last year the Business School established an office in Hong Kong, “I have taken several positions within is visiting Japan/Asia or any students but its activities seem concentrated on AT&T Network Systems (now Lucent wish to know more about life and work the executive program and corporate- Technologies) and AT&T. I’ve remained here, please have them contact me at sponsored programs. I hope we can active as a recruiter for the Consortium [email protected].” organize more alumni-oriented activities for Graduate Study in Management in Hong Kong to help the international- and have mentored several candidates David Ohlrich ization of U.S. alumni.” To help in to gain admission into business schools. this endeavor, you can reach Koki at Recently I visited with Shelle Woods, MBA ’93 [email protected]. Candi Halbert and Deborah Dickerson is presently enjoying the hectic life from the class of ’93,” reports a busy of an asset manager, learning first hand Lisa, who also took her first trip to the impact of the financial markets Lynn Kotwicki Africa last summer, visiting Ghana on publicly traded real estate compa- BBA ’94 and Togo. You can reach her at nies. “We’re expecting our third child [email protected]. in spring ’99…and I thought work was promoted to consultant with was hectic!” says Dave. To encourage Andersen Consulting in September 1996 him to keep his promise to visit Ann and received her masters degree in Debra Bass Arbor this year, e-mail Dave at learning sciences from Northwestern MBA ’93 [email protected]. University in September 1997. She is with Procter & Gamble in Hunt Valley, resides in Royal Oak, Mich., and can be reached at [email protected]. Md. “I recently got married to a soft- Sang-Wook Ahn ware developer, Eric Wiseblatt, and cur- 94 MBA ’94 rently am a global brand manager in David L. Morton cosmetics working on new business is senior product manager for new opportunities for our major cosmetic business development for Kellogg MBA ’94 brands, Cover Girl, Max Factor and Oil Korea, after having worked for P&G recently launched the automated con- of Olay,” says Debra. You can reach her and Vidal Sassoon. He can be reached trol and technical services division of at [email protected]. at [email protected]. A-C Electric Company. He manages the division and recently opened its second office in California. David, wife Kristine Jeff Czarniak Mervyn I. Alphonso and daughter Katherine currently live in MBA ’93 MBA ’94 Bakersfield, Calif. You can contact him was recently promoted to product man- is a senior consultant with KPMG in at [email protected] ager, residential Internet services, for Washington, D.C. You can contact him Cox Communications in Atlanta. You at [email protected]. Michael Tarlowe can reach him at [email protected]. BBA ’94 Steve Block has been named portfolio manager Ann M. Ihde MBA ’94 of Fidelity Select Business Services MBA ’93 is senior equity analyst with Bay Isle and Outsourcing Fund, a new mutual is strategic and portfolio planning man- Financial in San Francisco. “I bought fund recently introduced by Fidelity ager for General Motors de Mexico. a home in Oakland Hills and married Investments. He continues to oversee “I moved to Mexico City a year ago for Betsy Ferber in September 1998,” the Boston-based firm’s investments in a three-year assignment,” says Ann, “but says Steve, who can be reached at Internet companies. He can be con- I still plan to continue showing my [email protected]. tacted at [email protected].

44 / SPRING 1999 Dilshad Ahmed Christoph Wiedebach Mark Primmer 95 BBA ’95 MBA ’95 MBA ’96 is an associate programmer/analyst “I’m still working as a financial analyst has moved to Stolt Parcel Tankers, the with Goldman Sachs in New for Fidelity in London, but am currently world’s largest chemical transportation York City. You can reach him at covering the EU integrated oil industry. company, in Greenwich, Conn., as logis- [email protected] I enjoy the constantly changing and tics account manager. “I spent five dynamic markets,” says Christoph. If you months training in operations, three are in London, or headed that way, you weeks aboard one of our ships,” says Matt Alexander can reach him at christoph_wiedebach@ Mark. “I put together multi-modal ship- BBA ’95 notesmail.imrco.com. ment deals for several chemical compa- nies, coordinate the shipments, track is a systems accountant for BHP them and invoice upon completion. Petroleum in Melbourne, Australia. He Amy E. Andriekus I’m now a reverse commuter from the enjoys living and working in Melbourne 96 BBA ’96 Big Apple.” You can reach Mark at and is scheduled to be married in July is a financial analyst with Chase Capital [email protected]. 1999. Congratulations can be sent to Partners in New York City, one of [email protected]. the world’s top private equity firms, working on a fund of high-yield bonds and leveraged loans. “I will be getting Dale Simonson Margaret Chang married on July 10 in Florham Park, MBA ’96 BBA ’95 N.J., to Eric Jacobs, BBA ’94, and is a manager with Ernst & Young recently bought a penthouse in is an associate with JP Morgan in New Consulting. “I spent six months last year Hoboken, N.J.,” says Amy. You can reach York City. “There’s nothing like living in working in Singapore, came home to her at [email protected]. New York City, and if you’re in the area marry my sweetheart, Christine Hwang, give me a call,” says Margaret. You can and we are now relocating to Singapore reach her at 212.235.0355 or e-mail to George P. Barr Jr. for the next year or two.” Dale says to [email protected]. visit if you’re in the area. Make your BBA ’96 travel plans at [email protected]. “As a TV fan in college, I was deter- Mark Gray mined to pursue a career in the industry,” says George, “and after MBA ’95 working in various TV jobs, I became a Chad Tibbets is national accounts business manager production assistant on a hilarious talent BBA ’96 for Pacific Bell and reports “he is show called Extreme Gong. Although “Things are going great,” says Chad. “I making the most out of life whenever silly, it increased our network’s ratings own Boomtown Productions Disc Jockey possible, especially while living in 500 percent, and the network happily Company and also DJ at a new dance California.” You can reach Mark at extended our contract. I assist with a club in downtown Ann Arbor called [email protected]. wide range of tasks, and even appear The Crush. I look forward to owning a on the show sometimes. My goal is to dance club in the near future.” When write and produce daytime drama. Chad’s not dancing the night away, you Marcus Hunter Some may recall I created, wrote and can find him at [email protected]. produced the first soap opera to air on MBA ’95 Michigan’s campus, Beyond the Ivy. is a managing consultant with Gemini Although I am following an unconven- Consulting in their Atlanta office. “I tional route with my TV career, it’s Joanne Wang married Monica Hanspard, my girl- amazing where you can go with that MBA ’96 friend while at Michigan, and we since Michigan Business degree.” have moved to Atlanta,” says Marcus, “I made the transition from BOC who adds, “and we continue to enjoy the Gases internal consulting to warmth and southern hospitality.” If you Monitor Company’s Hong Kong office,” wish to talk with Marcus about the says Joanne, who adds, “I’ve learned “Blizzard of ’99,” you can reach him at a great deal professionally and person- [email protected]. ally and have discovered Hong Kong’s beautiful beaches, mountains and people.” You can reach Joanne at [email protected]. Alan S. Pincus MBA ’95 “I left Arthur Andersen’s Business Consulting in December 1997 and Steven C. Wise joined Deloitte & Touche’s Consulting MBA ’96 Group in Parsippany, N.J., in the manu- is location manager for Otis Elevator facturing group. In June 1998, I married in . “I started as a service Michelle,” says Alan. You can reach him George Barr with his supervisor, sales rep, maintenance supervisor at [email protected]. Hollis Pendleton Loesberg. and now location manager of a $12 mil-

Dividend / 45 lion business which sells, installs, main- DEATHS tains and repairs elevators in eastern Wisconsin,” says Steve, who attributes his MBA and his BME with aiding his quick move up in the elevator business. Etta Patricia Johnson Milton “My family and I really enjoy Wisconsin MBA ’91 and are having a good time here.” died on November 14, 1998, at To discuss the ups and downs of the industry, you can find Steve at the age of 33 following a year-long [email protected]. struggle with cancer. Etta was born and raised in Grand Rapids, Mich. She earned Trina M. Callie her A.B. in biology from Amherst 97 MBA ’97 College in 1987. After working as a “I just started a new job last summer as placement director for the Eiler systems programmer for two years at U.S. Surgical Corp. in Connecticut, School of Graduate Management— Etta Johnson Milton with her the University of ’s business Etta returned to the Midwest to brother, Ralph Johnson. school. It is an entirely different envi- attend the University of Michigan ronment than Michigan, a much smaller Business School. While at the Etta was passionate about every- program and very focused on high-tech and MIS.” Trina says if you’re passing Business School, she majored in thing she did. She could always be through Tucson to give her a call at marketing and was active in the relied upon to spark a lively debate 520.621.4962. You also can e-mail her at: Marketing Club and the Black in her Business Ethics class or to [email protected]. Business Students Association. Upon start a game of “This Is a What?” at completion of her degree, Etta parties with her Business School Tonya Fuhs moved to Cincinnati and joined friends. She considered the Business BBA ’97 Procter & Gamble in their School alumni who worked at is a consultant with Arthur Andersen Purchasing Department. She was an Procter & Gamble among her best in Chicago, but writes, “I’ve become active part of the P&G community friends in Cincinnati. a vagabond. Due to the nature of my and was instrumental in recruiting “The University of Michigan job, I have lived in Milwaukee, Business School students for the Business School always had a special and a little town in New Jersey while my possessions reside in company. place in Etta’s heart,” says her Chicago. My golf game hasn’t improved, After moving to Cincinnati, she brother Ralph Johnson. “While but I am trying to become a runner. and her husband Robert W. Milton there, she made the company of I’ll keep you posted.” To find out if joined and faithfully attended many close friends, learned an awful Tonya is running after errant golf Lincoln Heights Baptist Church and lot and generally counted her two balls, you can contact her at [email protected]. later Quinn Chapel AME Church. years in Ann Arbor as among the She is survived by her husband, her best experiences of her life. She is daughter Kayla Michelle Milton, sorely missed by her family, her James Probst now 16 months, her parents, two sis- co-workers at Procter & Gamble, her MBA ’97 ters and brother, Ralph Johnson, church family and many others who moved to Sarasota last fall as manager MBA ’92. were blessed to know her.” of manufacturing services for Eaton Corp. His son Alec James will be 1 on April 21. You can reach Jim at [email protected]. The University of Michigan Regents: David Brandon, Laurence B. Deitch, Daniel D. Horning, Olivia P. Maynard, Rebecca McGowan, Andrea Fischer Newman, S. Martin Taylor, Katherine White, Ex-Officio Member, Lee C. Bollinger, President, University of Michigan. The University of Michigan, as an equal opportunity/affirmative action employer, complies with all applicable federal and state laws regarding nondiscrimination and affirmative action, including Title IX of the Education Amendments of 1972 and Section 504 of the Rehabilitation Act of 1973. The University of Michigan is committed to a policy of nondiscrimination and equal opportunity for all persons regardless of race, sex, color, religion, creed, national origin or ancestry, age, marital status, sexual orientation, disability, or Vietnam-era veteran status in employment, educational programs and activities, and admission. Inquiries or complaints may be addressed to the University’s Director of Affirmative Action and Title IX / Section 504 Coordinator, 4005 Wolverine Tower, Ann Arbor, Michigan 48109-1281, (313) 763-0235, TDD (313) 647-1388. For other University of Michigan information call (313)764-1817.

46 / SPRING 1999 1055 ManagementInfo. Systems 1050 InternationalBusiness 1045 HumanResource Mgmt. 1040 GeneralManagement 1036 Finance-Venture Capital 1033 Finance-Sales/Trading 1034 Finance-InvestmentMgmt. 1032 Finance-InvestmentBanking 1035 Finance-General 1031 Finance-Corporate 1030 Finance-Commercial Banking 1044 Entrepreneur 2000 EngineeringManagement 1024 Consulting-Strategy 1023 Consulting-Operations 1022 Consulting-Internal 1021 Consulting-Info.Technology 1020 Consulting-General 1010 ComputerInfo.Systems 1005 Buying/Purchasing 1000 Accounting FUNCTION * Preferred Email:______Fax:______Business Phone:______Function ____Industry ______Business Address:______Employer:______Job Title:______Degree(s) &Year(s):______Name:______BUSINESS INFORMATION alumni networking functionandindustrycodesinthespacesindicated above. To makeyourbusinessinformationmostusefultofellowalumniwhowantnetwork,pleaseinsert theappropriate career You canfaxthisformtousat(734)763-9170,fillouttheonline community cankeepintouchandnetworkeffectively. be postedonM-Track sothatyouandallmembersoftheUniversityMichiganBusinessSchool Please takeafewminutestoprovideuswithyourcurrentcontactinformation.Theinformationwill your informationdirectlyintothealumnidatabaseinM-Track at Update yourcontactinformationtohelpkeep the UniversityofMichiganBusinessSchool Global BlueAlumniNetworkstrong.. Please take amomenttorespond totheinformation onthefollowing page. 4021 DiversifiedManufacturing 4011 ConsumerGoods 4009 Construction/Bldg.Materials 4105 Computer 4003 Chemicals 4002 Auto./Trans. Equipment 4001 Agribusiness 4000 Aerospace Manufacturing INDUSTRY 1080 StrategicPlanning 1075 RealEstate 1070 OperationsManagement 1062 Marketing-Tech./Industrial 1065 Marketing-Sales/Retail 1064 Marketing-Research 1063 Marketing-ProductMgmt. 1069 Marketing-General 1061 Marketing-FinancialServices 1060 Marketing-Advertising relations * Date: ______Home Phone:______Home Address:______Degree(s) &Year(s):______Name WhileinSchool:______HOME INFORMATION be usedforUniversityofMichigancorrespondenceonly. School community. Iunderstandthatmyhomeinformation will available tofellowalumniandothermembersoftheBusiness web siteat M-Track, thepassword-protectedportionofBusinessSchool By providingmybusinessinformation,Iconsenttopostingiton 5113 Finance-Insurance 5110 Finance-Commercial Banking 5009 Environmental 5008 Entertainment/Leisure 5007 Education 5006 Consulting/Research 5004 ComputerServices 5003 BusinessServices 5001 Advertising Services 4018 Textiles 4017 Rubber/Plastics 4016 Pharmaceutical/Biotechnology 4012 Paper/Wood/Glass 4010 Metals/MetalProducts &Equipment 4014 Machinery 4008 HealthcareProducts 4015 Energy/Petroleum/Mineral 4013 EngineeringDesign 4104 Electronics http://mtrack.bus.umich.edu http:/mtrack.bus. www.bus.umich.edu umich.edu. 5025 Wholesale/Distribution 5024 Utilities 5023 Transportation 5103 Telecommunications 5030 Software/Printing/Publishing 5029 Search Firms 5022 Retail 5021 RealEstate 5000 PublicAccounting 5028 Non-Profit 5020 Law 5019 Import/Export 5017 Hotel&RestaurantMgmt. 5018 Healthcare 5121 Government-State/Local 5122 Government-International 5120 Government-Federal 5116 Finance-Venture Capital 5111 Finance-Services 5114 Finance-Investments andthusmakingit orenter

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Quite a Success The First Annual Entertainment and Sports Industry Forum in NYC See story on page 6.

Top: NBC’s Larry Rutkowski, MBA ’89, CFO for International and Business Development, welcomes Michigan students at the opening reception of the forum. Above: Jaclyn Lichtman, BBA 1, Lani Roth, BBA 1, Jeffrey Shandling, BBA 1, and Coleen Ryan of HBO Left: Ken Todd, MBA ’96, of Showtime, Hilary Drummond, MBA 1, and Daniel Hart, MBA ’96, of Viacom Photos by Dan Root forPhotos Friedman Steve Photography