OLIN CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. PRACTICE THEORY INTO PUTTING BUSINESS Page 2 Exec MBA Goes to India to Goes MBA Exec

3 Generations, 1Promise 3 Generations, Page 16

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Experiential learning FALL 2014 underscores the

student experience { Page 8} Contents

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2 News 14 Seen and Heard 22 New Faculty 6 2014 Distinguished Alumni 16 3 Generations, 1 Promise 23 Class Notes 8 Putting Theory into Practice 18 Hooked on Research 32 Olin by the Numbers

Alumni & Development Executive MBA Program – Bombay Master of Science Connect with Olin 314.935.9209 emba-mumbai@wustl.edu in Finance Program [email protected] 314.935.8469 Executive MBA Program – [email protected] Brookings Executive Education Shanghai facebook.com/OlinBusinessSchool 800.925.5730 +86 21 5566.4788 Global Master of Finance – [email protected] [email protected] Singapore Management University (SMU) and Yonsei University BSBA Admissions Executive MBA Program – @WUSTLbusiness 314.935.8469 314.935.6000 St. Louis, Kansas City, and Denver SMU: [email protected] [email protected] St. Louis 314.935.EMBA (3622) Yonsei: GlobalFinanceYonsei Kansas City 816.832.4025 Center for Experiential Learning @wustl.edu youtube.com/OlinBusinessSchool Denver 303.820.EMBA (3622) 314.935.4512 [email protected] Accelerated Master [email protected] of Science in Finance Management Communication The Charles F. Knight Executive 314.935.8469 Search “Olin Business School” Center Education & Conference Center [email protected] 314.935.7533 314.933.9400 or 866.933.9400 [email protected] Master of Science in [email protected] olinblog.wustl.edu Leadership Program Full-Time MBA Program Corporate Relations 800.925.5730 & Professional (Evening) 314.935.8541 [email protected] MBA Program Search “Olin Business” [email protected] 314.935.7301 Master of Science in Supply in the app store Doctoral Programs [email protected] Chain Management Program 314.935.6340 314.935.8546 Master of Accounting Program [email protected] [email protected] 314.935.8469 [email protected] [email protected] Weston Career Center Executive Education Seminars, 314.935.5950 Master of Science Corporate Programs, & Certificate [email protected] in Customer Analytics Program Programs for Professionals 314.935.8469 314.935.9494 [email protected] [email protected] FALL 2014 OLINBUSINESS

Vol. 17, Fall 2014 OlinBusiness magazine is published annually by Olin Business School, Washington University in St. Louis. Unless otherwise noted, all articles may be reprinted without permission with appropriate credit to OlinBusiness magazine.

Email [email protected]

Website olin.wustl.edu Reason to Celebrate We’ve also been busy building Olin’s Letters reach and reputation around the OlinBusiness This year Olin has inaugurated an world. In the past year, we have Washington University in St. Louis exciting new era for our faculty, launched programs with partner Campus Box 1162 students, staff, alumni, and friends. universities in Singapore and One Brookings Drive The opening of Knight Hall and Bauer South Korea for a Global Master St. Louis, MO 63130-4899 Hall, when added to Simon Hall and of Finance program. In May, we the Knight Center, virtually doubles announced plans for the first US– Dean Olin’s footprint on the Washington India joint-Executive MBA program Mahendra Gupta University campus. These stunning with IIT Bombay. Associate Dean and Director of Marketing new spaces will bring the Olin and Communications community together in ways large and As you will read in our cover story, Paula Crews, BSBA ’90 small, from the expansive town hall Olin students are putting business gathering area to the many intimate skills and theory into practice Editor group study rooms. The new buildings through consulting projects with Melody Walker are architectural masterpieces with companies from Boston to Budapest. This real-world experience gives Managing Editor natural light filtering throughout, our students multiple advantages Judy Milanovits sustainable features, and classrooms equipped with the latest technology that recruiters demand. Class Notes Editor that invites users to be creative and Surveillance technology and Teresa Melton explore innovative ways of learning how employers are using it as a and collaboration. Staff management tool is the topic of Leah Costantino, AB ’97, EMBA ’14 To celebrate the opening of these the Olin Award-winning research Sarah Gibbs new buildings, we have expanded featured in the new issue of Praxis Alicia Haith this issue of OlinBusiness to include that accompanies this special double Cathy Myrick complete coverage of the May 2–3, issue of OlinBusiness magazine. Lexie Walther O’Brien, MBA ’90 2014, Dedication festivities. Flip the As our faculty continue to conduct Sarah Shields magazine over to see some of the research that is relevant to managers, Gloria Stukenbroeker highlights of this momentous event. we are proud to share it with you in Adrienne Wartts, MA ’07 More than 2,000 members of the print and online throughout the year. Gabe Watson Olin community attended events to Katie Roth Wools I look forward to welcoming you to celebrate our new buildings. If you the expanded Olin campus in the very Art Direction couldn’t join us, we hope the photos near future. Jager Boston and online videos will help recreate

the enthusiasm, joy, and appreciation Photography Best Wishes, expressed by all that day. Joe Angeles James Byard Sarah Carmody Ron Klein Jerry Naunheim Matthew O’Shea Mahendra Gupta Dean and Geraldine J. and Robert L. Virgil Tim Parker Professor of Accounting and Management [email protected]

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 1 NEWS Executive MBA Expands to India

Chancellor Wrighton and Dean Gupta announced a new joint Executive MBA (EMBA) program with Shailesh J. Mehta School of Management (SJMSOM) at the renowned Indian Institute of Technology Bombay (IIT Bombay), on Monday, June 30, 2014, in Mumbai, India. McDonnell Academy Global Energy and Dean Gupta looks on as Professor Devang The new program is the first of its Environment Partnership, a consortium Khakhar, Director of IIT Bombay, shakes kind to confer an MBA degree from of sustainability-minded universities hands with Chancellor Wrighton at both an Indian and an American and corporations; the McDonnell the formal announcement of the EMBA university, and will be modeled after International Scholars Academy; and joint program. On the right is Professor Shivganesh Bhargava, Head of IIT Olin’s highly ranked EMBA programs the IIT Bombay-WUSTL Corporate Bombay’s Shailesh J. Mehta School in the United States and China. Alliance, an affiliation that develops of Management. the next generation of global leaders. Washington University and IIT Bombay have worked together since 2009. For more information, visit The institutions are members of the olin.wustl.edu/embamumbai

Campus Entrepreneurship Carter also will serve as the key liaison between the provost’s office and the university’s Skandalaris Center for Entrepreneurial Studies where Emre Toker assumed the New Leaders to post of managing director in August. Toker most recently served as entrepreneurship senior mentor-in-residence at the University of Arizona’s Eller College of Management. An Spark Innovation accomplished entrepreneur, Toker is the founder or cofounder Holden Thorp, provost and executive vice chancellor of five Arizona- and California-based technology companies. for academic affairs, has named a new team of experts to lead Washington University’s innovation and Michael S. Kinch joins Washington University in St. Louis entrepreneurship initiatives. as associate vice chancellor and director of the university’s new Center for Research Innovation in Business. The mission Dedric Carter moves into a newly created position as of the Center for Research Innovation in Business is to associate provost and associate vice chancellor for innovation improve how Washington University promotes translation and and entrepreneurship. He will serve as a catalyst for cross- commercialization of its discoveries and innovations. Kinch university initiatives facilitating connections with members comes to the university from Yale University, where he served of the entrepreneurial community on the local, regional, as managing director of the Yale Center for Molecular Discovery. national, and global level. Carter also will be a liaison to He earned a doctorate in microbiology and immunology from the nonprofit organization CORTEX, the innovation district Duke University and a bachelor’s degree in molecular genetics created by the university and St. Louis partner institutions. from The Ohio State University.

Carter previously served as senior advisor for strategic initiatives in the Office of the Director at the US National Science Foundation (NSF). Prior to his work at NSF, he had served as assistant dean of engineering for development and strategic initiatives and was a lecturer in the Department of Electrical Engineering and Computer Science at MIT. For the past year, Carter has been an associate dean at the School of Engineering & Applied Science at Washington University.

Dedric Carter (left) and Emre Toker (right)

2 OLIN BUSINESS SCHOOL | FALL 2014 NEWS Studying Startups in Israel (with a crash course in Middle Eastern politics)

The inaugural session of Olin’s Israel The 25 students in the first ISBA Israel Summer Business Academy Summer Business Academy (ISBA) cohort represented eight universities olin.wustl.edu/isba arrived in Tel Aviv two weeks before in the United States, Turkey, and Olin Blog ISBA posts deadly exchanges of rockets and France. The academy is conducted in olinblog.wustl.edu/tag/isba missiles between Palestinian and collaboration with the Interdisciplinary Israeli forces began in July. Center in Herzliya, Israel. The six-week course designed to immerse Associate Dean and Director of students in the Israeli startup culture Undergraduate Programs Steve Malter by meeting and working directly with taught and traveled with the ISBA entrepreneurs was not interrupted by students. “Everyone had an exceptional the hostilities and all students returned learning experience this summer and I home safely after completing the program. believe this unique course will continue to attract top-level students from “Being in Israel during a time of conflict around the world.” was both challenging and a learning opportunity,” Sara Jackson, BSBA ’17, said of the ISBA experience. “I feel as if I have a completely different view on the world now.” ISBA classmate Justin Cho, BSBA ’17, said, “The combination of taking classes about entrepreneurship as well as performing tangible research for current startups gave us hands- on experience in the country that has earned the title, ‘Startup Nation.’”

Students visit Google ISBA class photo in Jaffa with the headquarters in Israel. Tel Aviv skyline in the background.

St. Louis-Singapore Round-Trip Required for Global Degree

The first cohort in the new Global Master of Finance program (GMF) in partnership with Singapore Management University (SMU) concluded a whirlwind year of study before returning to the United States A similar program for the Global and travel with a formal graduation for immersion weeks in Washington, DC, Master of Finance in partnership ceremony in Knight Hall’s Emerson and New York City. Then it was back with Yonsei University in Seoul, Auditorium on Aug. 3, 2014. to St. Louis for their last semester at South Korea, welcomed its first cohort this summer. The 21 members of the class hailed from Olin. In a video posted on the Olin Taiwan, Thailand, and the United States. Blog before their graduation, GMF For more information, visit Their global curriculum began with classmates talked about the strong olin.wustl.edu/msfdd an intensive summer session at Olin bonds formed during their year in St. Louis. Next stop: Singapore for together. Teemer Ratanasirigulchai, two semesters on the SMU campus GMF ’14, said the program has been “a once-in-a-lifetime experience.”

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 3 NEWS

the importance of stewardship and how stewardship helps Karen Margo a school overall in being effective.” Margo went into banking after receiving her MBA but Praised for Decades returned to WUSTL in 1986 as director of development for business. Jess Yawitz, AB ’68, MA ’69, PhD ’72, who taught Margo finance at Olin, said, “Karen’s classmates in the MBA of Service program liked and respected her despite the fact that ‘she By David Sheets always set the curve on exams.’”

Margo’s quest for excellence defined her career at Washington Caring. Compassionate. University. “I knew her from the time she was in graduate Extraordinary. Loyal. Professional. school, and when you put a job on her plate, it’s taken care of . . . very effectively,” said Joyce Wood, BSBA ’76, MBA ’77, These are just a few of the many praiseworthy words used Washington University trustee and a National Council to describe Karen Margo, MBA ’79, during the retirement member with WUSTL’s Institute of Public Health. party commemorating her three decades of service leading At her retirement party in June, Robert L. Virgil, MBA ’60, the Alumni & Development organization of Olin Business DBA ’67, honorary JD ’09, dean emeritus of Olin and trustee School. After 28 years of service, Margo retired in June as emeritus of WUSTL, announced an Endowed Scholarship executive director of development. Fund in her name. More than $1 million in gifts and pledges “Through her long career here, she has helped us realize had been received as of September 15, 2014. our vision as a school, and she has built a strong team of fundraising professionals who have learned from her “You have had a glorious career and have made thoughtful and gentle approach to fundraising,” said stunning contributions to the Olin School and Mahendra Gupta, Olin dean and the Geraldine J. and Washington University,” Virgil said. “Your friends Robert L. Virgil Professor of Accounting and Management. have wanted to do something a little special to thank you for what you have meant in our lives and to honor That approach helped Olin’s annual scholarship support nearly triple in size and increased the market value of its endowment you for your contribution.” six times over. Margo’s efforts were key to two major capital David Blasingame, AB ’69, MBA ’71, the University’s executive campaigns: The Olin Challenge (1988–92), in which the school vice chancellor for alumni and development programs, and was named through a gift from the Olin Foundation, and the Margo’s predecessor, summed up Margo’s qualifications in Campaign for Washington University (1995–2004). She was also his own speech. “Over the past 30 years, I believe the Olin instrumental in planning for the university’s current campaign, School has had the good fortune to have the best director of Leading Together: The Campaign for Washington University, development at any business school in the country.” and the capital-raising efforts that made the dedication of Knight Hall and Bauer Hall possible. Karen Margo was succeeded by Nancy Barter, a member of Olin’s A&D staff since 2005, and now senior director of Stuart Greenbaum, former Olin dean and Bank of America development for Olin Business School. Professor Emeritus of Managerial Leadership, said, “Karen was really quite singular and gifted in what she did. The opening of The Charles F. Knight Executive Education & For additional information about the Karen Margo Conference Center in 2001 was a major milestone in Olin’s Endowed Scholarship, please contact Nancy Barter growth, and she played an instrumental role in that project.” at (314) 935-9053. Praise came from alumni as well. National Council member Jim O’Donnell, BSBA/MBA ’74, president of Bush O’Donnell & Co., Inc., a St. Louis-based financial services firm, chairs Olin’s capital-raising campaign. “I’ve interacted with Karen for a long time,” O’Donnell said. “And really, I think, to be a terrific development officer, you need a deep-seated belief in the university, and she has that in large measure.”

Larry Thomas, BSBA ’77, a principal at Edward Jones Investments, a National Council member, and the sponsor of three endowed scholarships at Olin, agrees. “Karen does what she does from the heart,” Thomas said. “She understands

Karen Margo (center) poses with Bob Virgil (left) and Jess Yawitz at her retirement party in June.

4 OLIN BUSINESS SCHOOL | FALL 2014 NEWS President’s Letter Empowering Alumni

individual client families residing myriad alumni programs and events in 14 states across the country. The we offer adds value to each of our Executive MBA program was a life- personal and professional lives. changing experience for me, and our six-person study team continue to be I’m very proud close friends, even though half of us now live outside the St. Louis area. to be part of this

One major goal I have for the board community, and is to focus on the student-to-alumni it’s a great time to transition. As our incredible alumni leave campus for opportunities in capitalize on the I am delighted to begin serving a St. Louis and beyond, we need to two-year term as president of the newly momentum provided empower them to continue their structured Olin Alumni Board, which attachment to and affinity for by the best faculty merges the prior business school boards Washington University. We also need into one. Our Executive Committee and facilities in the to continue to promote global and will have graduates from each degree meaningful engagement among all Olin school’s history. program, whenever possible, to alumni. With Olin’s new partnership effectively represent the entire Olin in India—and an already thriving To stay current on upcoming events alumni constituency. Having served program in China—the school is in and opportunities to get involved, for many years on the Executive MBA a position to expand its global outreach. visit www.olin.wustl.edu/alumni or Board (president 2005–07) and also It’s up to us, as alumni of this contact K.C. Cortinovis Friedrich with the Olin Alumni Board, it’s my hope outstanding university, to serve Olin’s Alumni & Development staff at to make this a seamless integration. as Olin’s best ambassadors by engaging 314-935-7398 or [email protected]. with students, seeking opportunities As a 1993 graduate of the Executive I look forward to partnering with to make a difference, and providing MBA program, I was able to transition you to expand our community of critical funding for Olin through the from a 23-year career at Monsanto in engaged alumni. marketing and business management Leading Together campaign. to a career in financial services. I’m We live in a world where life-long Jim Gidcumb currently an assistant vice president learning and networking are critical EMBA ’93, and wealth management advisor at in all walks of life. Staying connected Olin Alumni Board President 2014–16 Merrill Lynch in Clayton, MO, with to Washington University through the

Bunderson Named Dean of Executive Programs

Stuart Bunderson, George and Carol Bauer Professor of Organizational Ethics and Governance, was named associate dean and director of executive programs at Olin on March 1, 2014. He will be responsible for providing strategic direction and overseeing operations and administration of Executive MBA and nondegree executive education programs. Bunderson has taught Executive MBA courses for more than a decade and served as academic director for the Master of Science in Leadership degree program at Brookings Executive Education.

He received a BS in psychology (with honors) and an MS in organizational behavior (with highest honors) from Brigham Young University, and earned his doctorate in organizational behavior from the University of Minnesota, Carlson School of Management.

Before pursuing his academic career, Bunderson worked in organization and management development at PepsiCo, Inc. He has worked closely with a wide range of leading companies in his executive teaching, consulting, and collaborative research activities.

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 5 NEWS 2014 Distinguished Alumni

Eric G. Flamholtz, PhD, MBA ’66 Jesse N. Hunter, EMBA ’06 Alfred S. Koh, MBA ’83 Founder and President, Management Executive Vice President, Chief Business Special Corporate Advisor and Former Systems Consulting Corp.; Professor Development Officer, Centene Corporation President and Chief Executive Officer, Emeritus, UCLA Anderson School of Samsung SDS Management Responsible for the St. Louis-based healthcare services company’s business In two short years as CEO, Alfred Koh Eric Flamholtz has fashioned development activities, Jesse Hunter transformed digital services provider distinguished careers over some four has contributed to Centene’s annual Samsung SDS, taking it from a domestic decades in academia and business. revenue growth from $460 million in to an international player and hiking In 1978, while teaching at UCLA, 2002, when he joined the company, to annual global revenues more than he founded Management Systems a projected $13.5 billion to $14 billion threefold, to some $7 billion. He first Consulting Corporation, through which in 2014. He recently oversaw two major joined Samsung SDS in 2003 and by he has helped many businesses move acquisitions: one that signaled the 2010 had climbed to Senior EVP of from the startup phase to professionally company’s entry into provider services its Public Business Division, where he managed organizations. Clients have and another that enhanced its ability to turned the unprofitable division into a included Starbucks, Simon Properties, serve joint Medicare/Medicaid patients. moneymaking business with growing Wolfgang Puck Food Company, Baskin After studying business at Miami market share. Previously he served Robbins, and American Century University in Ohio, the Knoxville, TN, some twenty years with IBM in both Investors, among others. A pioneer native worked at Healthcare Financial Asia and the US, rising to IBM-US in human resource accounting and a Partners in Washington, DC, then Business Development Executive. prolific writer, Flamholtz has authored moved to Humana Inc. in Louisville, He recently stepped down as Samsung Growing Pains: seven books, including KY, where he worked in mergers and SDS CEO but will continue to serve Transitioning from an Entrepreneurship acquisitions. He serves on the board the company as a special corporate to a Professionally Managed Firm , of directors at COCA (Center of Creative advisor at its San Jose, CA, facility which has sold some 100,000 copies. Arts), CHIPS (Community Health in to help solidify its successful global His recent work has focused on Asia, Partnership Services), and the St. Louis transformation. where he consults with growing Regional Chamber. companies and teaches a variety of courses at Cheung Kong Graduate School of Business.

6 OLIN BUSINESS SCHOOL | FALL 2014 NEWS

“Dick’s contributions to advancing the scholarly research of our faculty—as well as enhancing the opportunities for our students’ success—has had tremendous impact on Olin, in addition to his involvement with other parts of the University and beyond.” — Dean Mahendra Gupta, Dean’s Medal presentation at the Distinguished Business Alumni Awards Dinner, March 4, 2014

Richard J. Mahoney Former Chairman and CEO, Monsanto Company; Distinguished Executive in Residence, Olin Business School; and Distinguished Executive in Residence, Washington University’s Weidenbaum Center on the Economy, Government, and Public Policy

During his thirteen years at the helm of Monsanto, Dick Mahoney transformed the St. Louis-based organization from a largely commodity chemical and agricultural specialties company into a broad-based life sciences and specialty chemical company with major programs in pharmaceuticals, food, Wade D. Miquelon, MBA ’89 nutritional ingredients, and agricultural Former Executive Vice President, Chief biotechnology. His decades of generous Financial Officer, and President of support and participation at Washington International, Walgreen Co. University include the creation of the Olin Award to promote scholarly During his tenure as second-in- business research with practical command at the Fortune 30 retailer applications for 21-st century and pharmacy, Wade Miquelon managers and serving as a member helped lead a major transformation of the National Council for Washington at Walgreen Co., positioning it to University’s School of Medicine play a much broader role in US and and the Board of Managers international healthcare. In addition of Children’s Discovery to working to expand Walgreens’ Institute. Mr. Mahoney clinical, home infusion, hospital, is an emeritus member and diagnostics capabilities, he was of Washington involved in orchestrating its $30 billion University’s Board merger with international pharmacy of Trustees. He and wholesaling giant Alliance Boots. received an honorary Before turning to business, he earned doctor of science an engineering degree at Purdue from Washington and worked at McDonnell Douglas. University in 2012. After completing his MBA at Olin, he worked for Procter & Gamble in the US, Asia, and Europe, ultimately serving as senior financial officer for its 17-nation European operation. He then served two years at Arkansas’ Tyson Foods as CFO and EVP before joining Walgreen Co. in 2008.

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 7 COVER STORY PUTTING THEORY INTO PRACTICE Real-World Opportunities Take Students Beyond the Classroom

When a recruiter asks an Olin student to talk about his or her work experience, the answers can be surprising. Undergraduate and graduate students share stories of consulting with startups in Budapest, working side-by-side with entrepreneurs in Tel Aviv, serving on the board of a United Way agency, or flying to London to do market research for a St. Louis-based company. Semester-long Practicum projects embed students with Fortune 500 companies like Boeing, Emerson, and Graybar or community-based nonprofits where they tackle a specific challenge as consultants.

All of these experiential learning opportunities, in addition to summer internships, give students plenty to talk about in job interviews, but it also gives them a chance to take the theories and strategies they’ve learned in the classroom and put them into practice.

PUTTING ST. LOUIS ON THE MAP Less than a year after the Practicum team completed its work, CIC announced it would occupy 32,000 square feet “St. Louis was not even on our radar,” says Dougan Sherwood, in the Cortex innovation district with office space for 300 cofounder of the Cambridge Innovation Center (CIC) and entrepreneurs. CIC has also taken over management of the managing director of the new CIC St. Louis. “We really Center for Emerging Technologies incubator in the district thought that we’d end up in San Francisco or New York and will convert it into a community focused hotel/concierge or perhaps somewhere in Europe—places that have really model of shared workspace that was recommended by the identified themselves as international hubs for innovation.” Practicum team.

A student Practicum team from Olin helped convince CIC Touring CIC’s new St. Louis space under construction, that St. Louis was the best location for their first foray beyond Practicum team member Nalin Katta, BSBME ’10, noted, Cambridge, MA. The 15-year-old company transformed “It is very exciting to see such a tangible outcome from our Kendall Square into an entrepreneurial hotspot by providing interactions with CIC.” Katta is pursuing an MBA and PhD affordable office space and a support system for hundreds in biomedical engineering now. “My key takeaway from the of startups with ties to neighboring MIT and Harvard. Practicum experience was learning how to interact with a client. It is extremely important to be able to understand “The fact that we were students consulting for CIC was a and distill your client’s wants and needs.” big deal,” says Abhishek Chakravarty, MBA ’14. “We knew they were going to look at our recommendation and that “The CIC Practicum was a perfect example this was not just another assignment.” of the kind of impact that Olin’s Center for The seven-member Olin team traveled to Cambridge to Experiential Learning makes on its students visit CIC’s operation that houses over 600 companies and claims to be the single largest collection of startup and on the business community,” says companies in the world. Their assignment was to develop Cliff Holekamp, MBA ’01, senior lecturer a market entry strategy for CIC and a plan for its role in entrepreneurship and faculty advisor in building the entrepreneurial community in St. Louis. on the project. “St. Louis is a different “The students involved in the Practicum really get a place as a result of that project and those tremendous amount of credit for helping us understand what’s here in St. Louis. We didn’t know the city and students will never forget what they learned we didn’t know how our business would relate in this in that experience.” market,” says Sherwood.

8 OLIN BUSINESS SCHOOL | FALL 2014 CIC’s Dougan Sherwood, center, shows members of the CIC Practicum team where a new MetroLink station will be located in the heart of the CORTEX innovation district. At left, Sherwood gives team members and faculty advisor Cliff Holekamp a tour of the @4240 building where CIC will open its St. Louis center this fall.

Dougan Sherwood talks about CIC St. Louis on the Olin Business School YouTube channel Magazine playlist.

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 9 COVER STORY

GLOBAL ENTREPRENEURS Matching bright business school students with startups operating on a shoestring budget is a win-win situation. While the CELect Entrepreneurial Consulting Team course pairs students with St. Louis startups, the Budapest Venture Consulting course launched in 2009, matches student consultants with companies through a Hungarian private equity firm. Students conduct research stateside and then work with their client during a 10-day visit to Budapest. “It is one thing to talk about growth strategy in a corporate strategy class,” says Kris Klinkerman, MBA ’14, about his experience in Budapest. “But it becomes a whole new challenge when presented with a real-world problem where the goal is to grow revenue for a newly acquired company in an old-school industry where growth is stagnant.” > Israel The Israeli Venture Consulting course is modeled on the Budapest program and is offered in collaboration with Left to right: Roi Mittelier and Ofer Shaltiel, IDC students, the Interdisciplinary Center (IDC), in Herzliya, Israel. with Olin teammate Seth New worked on a marketing plan for a company in the diamond industry in Tel Aviv. Seth New, MBA ’15, and classmates teamed up with IDC students on a marketing project for a company providing new services to the diamond industry. “This program was an amazing experience for not only creating global friendships, but also for learning about the booming Israeli startup scene and for getting the unique opportunity to truly add value to a startup company.”

> Budapest

Venture consulting students brainstorm in Budapest for their startup clients.

THE CEL

The Center for Experiential Learning The TAYLOR COMMUNITY CELect students consult for (CEL) matches highly motivated CONSULTING program teams two entrepreneurs at a St. Louis tech Olin students with organizations to four graduate-level students to incubator to better understand the seeking strategic consulting services. provide pro bono consulting services challenges of a startup and advise The CEL has five unique programs to St. Louis nonprofits. on best practice business strategies. dedicated to innovative learning and delivering impact. The OLIN/UNITED WAY BOARD GLOBAL MANAGEMENT STUDIES FELLOWS program takes second-year are student-directed courses that focus PRACTICUM pairs teams of talented MBA students from the classroom to on industries, management styles, Olin students with companies seeking the nonprofit boardroom to provide a or emerging markets in a country smart solutions to management unique lesson in leadership. or region outside the United States. challenges.

For more information on the CEL, visit olin.wustl.edu/CEL

10 OLIN BUSINESS SCHOOL | FALL 2014 COVER STORY

LONDON INTERNSHIP PROGRAM Olin students have been interning in London for nearly three decades. From the financial district to the football pitch, more than 50 different firms have welcomed students and put them to work. Citigroup is the largest employer. Avi Glazer, BSBA ’82, owner of the Manchester United soccer team, treats interns to a game each spring in addition to sponsoring interns. Batu Otkeren, BSBA ’15, majoring in economics and strategy and econometrics, says his Man U internship was a chance to apply everything he learned in the classroom. “The experience was focused around acquiring regional and global sponsorships for the club. Most of my day-to-day work was researching various industries that might yield sponsors and specific companies within those industries that aligned with Manchester United’s brand and vision.” More than two dozens students spend the spring > London semester in London each year. After an immersion week of studying the European Union and researching Chris Levine and Batu Otkeren at Old Trafford Stadium in Manchester, England. assigned countries, students participate in a mock parliament session in Brussels. Students also have internship opportunities in Australia, France, Germany, and Israel.

“The internship was a critical reason I chose the London study abroad program. Olin courses do a marvelous job at preparing students for real-world situations, but they can’t duplicate the actual thing.” — Chris Levine, BSBA ’15

WORD ON THE STREET

“All of the interns that have come to Emerson Network Power have proved intelligent, “We have never had a bad experience with interns. engaging, relevant, and extremely beneficial. We set challenging projects which always seem to Emerson understands that in order for our be completed to a very high standard. The interns business to continue to grow competitively have impressed many people around the bank and and innovatively we need to invest in the we have seen a few return to join Northern Trust employees of the future.” full time after completing their MBA.” — Tracy Gregory, HR Assistant and Facilities Manager, Emerson, London

— Sunil Daswani, International Head of Client Relations, Capital Markets, The Northern Trust Company, London “I would encourage CEOs to get involved with these Practicum teams because it’s important “CEL Programs are distinctive because they create that they hear the unfiltered and unvarnished learning opportunities for students that, when input directly from somebody who doesn’t have concluded, make a difference for businesses and an issue or something they are trying to sell.” nonprofit organizations.” — Kathleen Mazzarella, Chairman, President, and CEO of electrical — Ron King, Myron Northrop Professor of Accounting and and networking products distributor, Graybar Director of the Center for Experiential Learning

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 11 COVER STORY

HELPING A BELGIAN AUCTION HOUSE Delcampe better understand its consumers,” she says. EXTEND ITS REACH “I learned a lot about the unique role and specific challenges of online marketplaces.” Delcampe.net is a Belgian online auction house for vintage stamps, coins, and postcards with more than 800,000 Delcampe paid for the Olin team to spend a week in registered users and close to 55 million items for sale at all Belgium at their headquarters. Then the top four executives times; it is one of the largest online collectibles marketplaces of the company flew to St. Louis for the team’s final in the world. The company has a strong presence with buyers presentation in April. and sellers in Europe, but has not been able to gain a strong “I really expect some great things to come as a result foothold in the US market. of this partnership,” said Sebastien Delcampe, founder Austin French, MBA ’14, led an Olin Practicum team of seven and CEO of Delcampe.net during the weekend visit to students to develop a marketing strategy, competitor analysis, campus. “With the students’ help, we’re building a strategy and website overhaul for the family-owned Delcampe company. for the future that I think is going to be very effective.” “I came into this experience focused on learning and Project advisor Alex Haimann, MBA ’12, has great expectations practicing how to manage a group of students with very too. He predicts more international Practicums based on diverse backgrounds,” says French, who is now working the success of the Delcampe experience. at Exxon Mobil. “In business school, you spend an incredible “The client hired one of the students for the summer to amount of time learning about, and discussing, big-picture do some internal consulting, which certainly is the best business strategy, and this project was a wonderful opportunity validation that I can think of that they found the team’s to apply business strategy concepts and actually advise the output valuable and valued having one of the students direct direction of an established company.” the implementation of the first round of recommendations.” Teammate Megan Greathouse, MBA ’14, agrees. “I was taking Now, that’s a good story to share with a recruiter during marketing research classes and applying it directly to this a job interview. project by developing a survey and analyzing the data to help

12 OLIN BUSINESS SCHOOL | FALL 2014 Sebastien Delcampe (above center) and his colleagues listen intently to research results and recommendations presented by the Olin Practicum team (pictured below). Team member Brandon Smith, MBA ’15, says, “We brought a fresh set of eyes, with a firm understanding of the US market. We spent a significant amount of time discussing the huge cultural differences between European and American buyers, and those insights should prove valuable as Delcampe takes our recommendations and moves forward.” NEWS Seen & Heard at Olin

Each semester, many alumni and corporate friends give their time, energy, and expertise to Olin to enrich the student experience. We are proud to welcome these visitors to campus as they speak in classes and graduations, participate in Practicums, mentor students, judge case competitions, and much more.

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DEFINING MOMENTS: Lessons in Leadership and Character from the Top

This graduate-level class examines how leaders face pivotal points in their careers with insight and integrity. Each of this year’s speakers—notable leaders who exemplify both business excellence and personal character—graciously shared their experiences and George Bauer, EN ’53, Bob Chapman, Chairman Maxine Clark, founder and wisdom with our students. SI ’59, Chairman and CEO, and CEO, Barry-Wehmiller former CEO, Build-A-Bear GPB Group, Ltd. Workshop

14 OLIN BUSINESS SCHOOL | FALL 2014 NEWS

1. Ajay Banga, President and CEO, MasterCard, at the 2013 Calhoun Lecture 2. Paulino Do Rego Barros Jr., EMBA ’91, President, Equifax, International, Executive MBA Capstone class speaker 3. James V. O’Donnell, BSBA/MBA ’74, President and CEO, Bush O’Donnell & Co. and Chairman and CEO Exegy, Inc., graduate programs graduation speaker 4. Kathy Mazzarella, Chairman, President, and CEO, Graybar, BSBA sophomore mentor and 2014 Practicum kick-off participant 5.  Donald G. Imholz, TI ’78, EMBA ’91, Executive VP, Chief Information Officer and Operations, Centene Corporation, Executive MBA graduation speaker 6. Ann Marr, Vice President–Human Resources, World Wide Technology, Executive MBA Capstone class speaker 7. Ronald Kruszewski, President, CEO, and Chairman 3 4 of the Board, Stifel, at the Leaders in Business Summit 8.  Dr. Steven B. Miller, EMBA ’02, Senior VP and Chief Medical Officer, Express Scripts, Executive MBA graduation speaker 9. Karen Vangyia, Managing Partner, KPMG, panelist at the Sharpen Your Competitive Edge event 10.  Mark C. Pydynowski, BSBA ’04, Business Development and Product, Capital One Labs, BSBA graduation speaker 11.  Mark Trudeau, President and CEO, Mallinckrodt Pharmaceuticals, at the Leaders in Business Summit 7 8 12. Robert Virgil, MBA ’60, DBA ’67 and honorary JD ’09, dean emeritus, Olin Business School, Century Club speaker 13.  Jane Fraser, CEO, CitiMortgage, moderator of the Future of Home Ownership in America Symposium 14.  Zachary Boyers, PMBA ’01, Chairman and CEO, US Bancorp Community Development Corporation, Professional MBA graduation speaker 15.  Robert F. O’Loughlin, Chairman and CEO, Lodging Hospitality Management, at the Leaders in Business Summit 13 14 15

Arnold Donald, BSME ’77, Eric Greitens, CEO, John Mozeliak, Senior David Peacock, EMBA ’00, CEO, Carnival Corporation The Greitens Group VP and General Manager, Chairman, St. Louis Sports St. Louis Cardinals Commission, former President, Anheuser-Busch

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 15 FEATURE

THREE GENERATIONS One Promise By David Sheets

W hen National Council Member Sidney Guller attended Generous donors help lessen the burden on students and Olin, his tuition was $250 a year. the university—donors such as Robert Buttke, BSBA ’87, a former recipient of the Guller scholarship. Still, paying his tuition posed a challenge. Few scholarships were available to Guller, BSBA ’47, so to cover his education “I saw what the Gullers were doing to help young people, costs and make ends meet he worked at a title insurance and I knew that when the time came I wanted to help firm in Clayton, MO. as well,” said Buttke, now a managing director of HSBC Securities (Canada) Inc. “Even then, it was difficult for students to find the money to stay in school. . . . And I was lucky to get that job,” said Buttke and his wife created the Kelly Monaghan and Guller, chairman of the board of Essex Industries. “I realized Robert Buttke Scholarship in Business in 1996. He said at that age how important it was to help students stay they established their scholarship chiefly for Olin students in school and achieve their dreams.” who came as he did from a small-town high school with limited scholarship opportunities. To that end in 1979, Guller and his wife established the Bobette and Sidney Guller Endowed Scholarship, and since Buttke was the first Olin scholarship recipient to start have contributed numerous other gifts. Guller also is a an annual scholarship. founding sponsor of Olin’s Scholars in Business program. “I had a situation my senior year where I was basically Times certainly have changed. Today, the average cost out of money,” Buttke explained. “So, I went to the school of a year at Washington University is just over $60,000, administrators and said I might have to go home for a while, including room and board and fees. earn some money, then come back. The school really heard More than half of the me, was strongly supportive, and said it would find school’s undergraduate the money so I could stay.” and graduate students rely on scholarships for their education. Olin funds an estimated 72% of these scholarships through its operating budget.

16 OLIN BUSINESS SCHOOL | FALL 2014 FEATURE

“That’s when I knew I was definitely going to be a long-term supporter,” Buttke said. “They really went out of their way to make sure I could finish my education.”

The Buttkes’ generosity in turn inspired Austin Oslock,* BSBA ’14, who received the Buttke scholarship last fall. During a speech at the Scholars in Business Dinner last year, Oslock, who was also the recipient of the Elsperman scholarship, promised that he too intended to lend a hand to deserving Olin students by establishing a named scholarship.

“I want to help bring a student here who wouldn’t have come to Washington University otherwise. I want that student to see just how amazing Washington University can be, and help them make the best decision of his or her life,” Oslock said. Sidney Guller, BSBA ʼ47 “There are so many students in the same seat I was . . . trying to decide where to go. And a huge factor that is going to weigh in is the scholarship they get, the financial aid they receive,” he continued. “And they’ll choose because of you. And they’ll get to see how amazing Washington University is because of alumni like Sid Guller and Bob Buttke. I want to be a part of that legacy.”

Three generations, three sources of pride for Olin and its scholarship benefactors.

“It was wonderful to hear him say that,” Guller said of Oslock. “Because I still sincerely believe that with the training that business students are going to get at Washington University, they will be better equipped to find employment in their chosen fields, begin as entrepreneurs, or create business plans so that they can become successful.”

The need for financial aid is not a new phenomenon. Olin students received more than $14 million in scholarships and financial aid in Robert Buttke, BSBA ʼ87 the 2012–13 academic year. Less than 30 percent of this financial aid is from donors’ scholarship gifts; the remainder comes from Olin’s annual operating budget. Almost every business school devotes a portion of operating funds to this worthy purpose, but Olin does so at rates far greater than its peers.

Watch Austin Oslock’s speech at the 2013 Scholars in Business Dinner on the Olin Business School YouTube channel Magazine playlist.

*Austin Spurlock changed his last name to Oslock when he married Wendeyln Oswald, LA ’14, in May of this year.

Austin Oslock, BSBA ʼ14

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 17 GETTING HOOKED ON RESEARCH FACULTY AND STUDENTS COLLABORATE TO CREATE KNOWLEDGE

By David Sheets

Adina Sterling Assistant Professor of Strategy

18 OLIN BUSINESS SCHOOL | FALL 2014 FEATURE

At Olin, research and the process of discovering new knowledge is tangible and relevant. Students take part in faculty research projects as subjects and data crunchers. This kind of collaboration is not only a unique teaching tool, but also a source of inspiration for students and teachers alike. We asked some professors and students to share the role research plays in their classrooms and careers.

IT ALL STARTS WITH A PAPER CLIP . . . “There was a surprising amount of diversity in how successful students were in trading up,” Sterling said. Adina Sterling’s research delves into the science and “One student came back to me with a rubber ball. But one application of social networks, and she spends considerable student came back to me with a PlayStation—I think that effort telling her students that good networking is like gold was the object in the exercise that had the most value.” whether they are looking for a job or already have one. At its conclusion, the trade-up game raked in about $7,000 “The most successful people tend to have far-reaching worth of inventory. The real value of the exercise, however, networks, and I’m not talking about just having a big was in the students recognizing the state of their personal following on Facebook or Twitter,” says the assistant networks, how those networks could be improved, and how professor of strategy (pictured on opposite page). to effectively approach others to form new networks. To demonstrate, Sterling assigns a trade-up game to her “Overall, social media platforms are really useful; undergraduate-level management class. She issues a single people feel informed by them whether they are a couple paper clip to each student and gives everyone three weeks of miles away or a couple of states away from what’s going to see whether they can trade those paper clips for something on,” Sterling said. “But these platforms alone are not enough. of greater value. What really will galvanize the students’ careers is their The students start by asking for trades among people they ability to interact with people directly, to build networks know, gradually working out of their familiar networks into in a way that their ideas and their knowledge can be unfamiliar territory. utilized by others.”

RESEARCH LEAPS FROM LAB TO CLASSROOM Marketing professors Joseph Goodman and Selin Malkoc created the Consumer Behavior (CB) Research Lab soon after they arrived at Olin in 2008. The lab functions as a place where volunteers participate in research that may require answering surveys at computer screens or tasting new products. But the lab is also an extracurricular weekly gathering of marketing faculty, undergrads, and master’s and doctoral students from different disciplines who are interested in consumer behavior. They share and discuss research projects, and some students earn credit for their participation.

Goodman has conducted studies that span the understanding of marketing and purchasing, and through the lab he forms research pools that analyze how individuals respond to the forces involving both. Professor Joe Goodman (right) meets with senior Charlie “Our teaching is very closely related to our research,” Dorison, a member of the CB research lab. Dorison is he said about his studies at Olin. “For example, in my brand majoring in economics and psychology. management course, I discuss my research in assortment and overchoice—a phenomenon where consumers tell you Goodman says the more he uses original research in his they want a broad selection of brands to choose from but lectures, the more interest his students show in the classes. stick to only one or two because they’re overwhelmed by all of the choices and end up being less satisfied with “I think our research can be very inspirational as a teaching their shopping experience.” tool because it shows students how they can use their own tools to go out and create their own knowledge.”

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 19 FEATURE

MENTOR HELPS RESEARCHER SEE PAST THE DATA Olin doctoral candidate Timothy Gubler, MSBA ʼ13, together with Associate Professor of Strategy Lamar Pierce, spent several months analyzing the operations and behaviors at an industrial laundry company, producing eye-opening findings on the relationship workers have with their workplaces. The pair pored over personnel and health data and conducted numerous interviews and follow-up interviews.

Their findings revealed insights into employee performance incentives, and they established a correlation between employees’ health and productivity, as well as their physical and financial stability. Gubler and Pierce received attention Tim Gubler (left) conferring with Lamar Pierce. in major media for their efforts.

For Gubler, however, the lasting lesson was personal. “One of the things I’ve tried to emphasize with Tim, and which I think he shares and is reflected in the “That was a wonderful experience for me, having that other stuff he’s exploring now, is that you should work opportunity at such an early time in my study to go and see on first-order problems, work on stuff that matters for an organization working, get a bunch of data, and solve really the world,” Pierce said. interesting and significant questions,” Gubler said. “I really have to thank Lamar for that, for having faith in me. I think Gubler believes Pierce gave him a deeper appreciation what he taught me is that there’s value in really investigating for research than he imagined possible. a setting, really digging in and getting good data so you’re able to answer multiple important and interrelated questions.” “I think there are relatively few truly exceptional mentors at this level, mentors who take the time to teach,” Gubler Now, Gubler is preparing to write the results of his said. “Lamar takes the time to not only sharpen my skills, own study, an investigation into how tight community but also teach the process.” relationships inform business decisions.

Hamilton, the Robert Brookings Smith Distinguished Professor of Entrepreneurship at Olin, makes clear that Karandish and Sims are leaders in a crowded field. He says their personalities played as much a role in getting out in front of the competition as did their shrewdness.

But something else—an “X” factor—figured into their success as well as that of the small group of entrepreneurs who make it big. Hamilton is researching what Karandish and Sims have accomplished in the hopes of revealing that X factor.

“A lot of people are studying whether we can predict, or more accurately predict, who’s likely to be successful,” Hamilton From left to right: Chris Sims; mentor and investor in said. “We see that most businesses fail, and part of the reason Answers.com Thomas Hillman, AB ’78; Bart Hamilton; and for that, from the work I’ve been doing spurred by David and David Karandish. Chris, is that while a lot of people like to start businesses, it’s really this other characteristic that drives success.” STUDENTS INSPIRE NEW RESEARCH Prominent among the known characteristics, besides When Barton Hamilton first meets his Executive MBA simply having a good idea for a product or service, are good class, he shows them two photos of former students David networking, salesmanship, persistence, drive, determination, Karandish, BSCS ʼ05 and Chris Sims, BSCS ʼ05. The and the understanding that failure—perhaps a lot of it— pair are partners who turned the popular Q&A website predicates success. Answers.com into their multimillion-dollar success story. “People who remember that it’s the customer’s needs that One photo portrays the two as students at Olin in 2005; are the most important are the ones who are usually more the other portrays them today. He points to one, then successful,” he said. “And I can’t overstress the importance of the other. mentorship.”

“My goal,” Hamilton says to his class, “is to get you In 2013, St. Louis-based Answers Corp., parent company of from this, to this.” Answers.com, reported $165.5 million in annual revenue. On August 11, 2014, Apax Partners announced that it had agreed to buy Answers Corp., the parent of Answers.com; financial terms of the deal were not disclosed.

20 OLIN BUSINESS SCHOOL | FALL 2014 FEATURE

LESSONS FOR NEGOTIATING LIFE “My colleagues and I developed a theory of what we call subjective value, which means basically the satisfaction On average, people would rather endure a dentist’s drill you have with your deal, the value you place in your deal than a negotiation, says Hillary Anger Elfenbein, a professor other than strictly the monetary results,” she said. Her studies of organizational behavior at Olin. have shown that people care about other goals as well, such That drastic distinction has become clear to her while as fairness, balance, confidence, ethics, and having a voice. teaching negotiation to MBA students for the past 12 years. People also care about the interpersonal relationship Many students say they’re uncomfortable about negotiating resulting after a negotiation. and initially express doubts about enrolling in the course. “Often you’re negotiating with your colleagues, with “This is because we often have a view in mind of what your supervisor, with your family, so people care that negotiation means,” Elfenbein said. She defines it as any the negotiations finish with the ability to work and live mutual decision-making process to allocate scarce resources. together in the future,” Elfenbein said.

She believes that having a classroom setting to explore these issues with students has been extremely valuable— and, in the end, students who were reluctant to enroll in the course learn that through negotiation they can build healthy working relationships.

But the true value of Elfenbein’s work comes long after class is dismissed.

“I really judge my effectiveness as a teacher by what students tell me after taking the course,” she said. “Course evaluations aside, it means a lot when my former students write thank- you notes weeks, months, years later saying, ‘Here’s how I PhD candidate Ravi Kudesia with Professor Hillary used it,’ saying here’s how the concepts of the course changed Anger Elfenbein. something today.”

How Research Altered My MBA Career Path By Karren Watkins, BSME ʼ09, MBA ʼ13

Before coming to Olin, I effective, efficient, and happy employees, I am currently applying to top-tier doctoral had a successful stint I recognized a passion for organizational programs in Organizational Behavior— as a mechanical research that I couldn’t deny. something I never dreamed of doing engineer for Nike, before I took that life-altering elective Inc. I chose to That summer, I was able to work on a in the spring of 2013. Professor Knight pursue an MBA variety of highly engaging projects and showed me a new path to follow as an to transition into my passion only grew as a research explorer of knowledge. His class introduced an operations- assistant in the organizational behavior me to the process of discovery and the focused role department. I joined Olin’s Center for immense impact new research can have within the Experiential Learning (CEL) as a full-time on individuals, organizations, and societies. healthcare industry research associate. Professor Knight I hope to inspire my own students in the and strategically planned and I initiated a program with the CEL same way when I become a professor. coursework and an internship with that called Project Sense. The project employs goal in mind. Entering the final semester, “wearable technology” to gather data that my path was set. I had lined up interviews is then use d to teach students about their and my target was in sight. interpersonal skills and social behavior. Sociometric badges are worn on a cord Then, everything changed. I took an around the neck and collect data via an elective course with organizational array of different speech and movement- behavior professor Andrew Knight. detection sensors. His compelling integration of research findings into his classroom teaching Through Project Sense, students have captivated my attention and curiosity. As gained new insights into how they I learned how, through research, we can engage with others during interviews understand what makes people and classroom simulations and even on consulting projects. Andrew Knight, Assistant Professor of Organizational Behavior

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 21 FACULTY NEWS Introducing Olin’s New Faculty

Phech Colatat Jason R. Donaldson Ignacio Esponda Zachary R. Kaplan Assistant Professor Assistant Professor Assistant Professor Assistant Professor of Strategy of Finance of Economics of Accounting

PhD, 2014, Management, PhD, 2014, Finance, PhD, 2006, Economics, PhD, 2014, Accounting, Massachusetts Institute London School of Economics Stanford University University of Chicago of Technology Prior to joining Olin, Jason Prior to joining Olin, Ignacio Prior to joining Olin, Zachary Prior to joining Olin, Phech Donaldson was a teaching Esponda was an assistant Kaplan was a teaching Colatat was a teaching fellow and research assistant professor of Economics at assistant at the University assistant at the Massachusetts at the London School of New York University’s Stern of Chicago’s Booth School Institute of Technology. His Economics. His research School of Business. His of Business. Previously he research interests include the interests include contract research interests include was a program analyst at management and organization theory, corporate finance microeconomic theory, Marriott International. His of expert work across a variety theory, intermediation industrial organization, research interests include how of settings including healthcare systemic risk, inter-dealer political economy, and markets learn from disclosure, and research and development. markets, and credit ratings. experimental economics. managerial disclosure strategy, analyst forecast strategy, and the horizon of earnings expectations.

“In the spirit of celebrating the opening of our new buildings and introduction of new programs, we want to celebrate the collective addition of Kevin J. Koharki Robyn A. LeBoeuf Jeongmin “Mina” Lee our seven new faculty Assistant Professor Associate Professor Assistant Professor of Accounting of Marketing of Finance members who will

PhD, 2014, Business PhD, 2002, Psychology, PhD, 2014, Finance, University help bring both these Administration, The Princeton University of Maryland at College Park initiatives to life.” Pennsylvania State University Prior to joining Olin, Robyn Prior to joining Olin, Jeongmin Prior to joining Olin, Kevin LeBoeuf was an associate “Mina” Lee was a research —Todd T. Milbourn, Koharki was a research professor of Marketing at assistant and teaching assistant Senior Associate Dean–Faculty assistant at The Pennsylvania the University of Florida’s at the University of Maryland’s and Research and Hubert C. State University’s Smeal Warrington College of Business Robert H. Smith School and Dorothy R. Moog Professor College of Business. Previously Administration, where she of Business. Her research of Finance he was an analyst at Allen taught principles of marketing interests include asset pricing, Systems Group and LJH and consumer behavior. Her financial intermediation, Global Investments. His research interests include information economics, research interests include judgment and decision and market microstructure. off-balance sheet financing, making, behavioral decision credit rating agencies, and making theory, rationality, financial institutions. and consumer behavior.

22 OLIN BUSINESS SCHOOL | FALL 2014 CLASS NOTES CLASS NOTES

Karen Scussel, MBA ’81, Share your news! 1960s Los Altos, CA, is executive director of Child Advocates of Kenneth Lacho, BSCHE ’56, To submit updates, Silicon Valley, working to ensure MBA ’62, PhD ’69, Covington, corrections, and that the critical education and LA, was awarded the Walter emotional needs of children announcements, visit J. Boasso Professorship in the foster care system are apps.olin.wustl.edu/ in Entrepreneurship by met and their voices are heard the University of New alumni/forms/classnotes as they navigate the juvenile Orleans College of Business dependency system. She was Administration in September named among the 100 Women 2013. Earlier, the university Tom Costello, of Influence of Silicon Valley for recognized his accomplishments MBA ’74 2014 and in 2013 was recognized 1950s as a teacher by naming him the for her outstanding achievements Seraphia D. Leyda University was named executive director by the Junior League of San Jose Frank Fuerst, BSBA ’55, Teaching Fellow. He also is a of Friends of the National at its 44th Volunteer Recognition McLean, VA, in 2013 received certified counselor with the U.S. Arboretum, Washington, DC, Luncheon. [email protected] a silver medal in the caregiving Small Business Administration’s category from the Living Now Service Corps of Retired in June 2014. Earlier, he led Brian Rivette, AB/MBA ’82, Book Awards for Alzheimer’s Care Executives. [email protected] development activities at the Salt Lake City, UT, launched a with Dignity (Headline Books, John F. Kennedy Center for the consulting practice, FocalConcept. 2007). The Living Now Book Performing Arts, was president Awards celebrate the innovation com, in Salt Lake City in 2010, and creativity of books that of the Springfield (MA) Library after serving as president and enhance the quality of life, 1970s and Museums Association, COO of an intellectual property from cooking and gardening and worked at the Saint Louis licensing firm in Los Angeles for 13 years. He works with to spirituality and wellness. David Hatch, AB ’68, MBA/ Art Museum. universities on business strategy, [email protected] MArch ’75, Roscoe, IL, who licensing, and technology transfer retired from Saudi Aramco as well as doing pro bono work Charles Goodwin, BSBA ’55, after a 30-year career in IT, in West Africa on economic adjunct professor, University now raises Shetland sheep development and urban planning. College 1958–68, Houston, and markets natural-color In August, he moved to London TX, is semi-retired from the wool with his wife, Kay Hatch, 1980s for 12 months. institutional investment in Northern Illinois. business. He still manages some [email protected] Henry Carroll, AB/MBA ’81, Darlene Gubuan, BSBA ’84, equity money and a small cattle Annandale, VA, is vice president, New York, NY, returned to ranch midway between Houston Polly (Phillips) Antonelli, MBA finance and IT, and CFO for St. Louis from the East Coast. and Austin, TX. ’78 and her husband Joseph the KaVo Kerr Group, a $2.2 Newly divorced, she would like Antonelli, MBA ’78, Altoona, billion dental company within to hear from classmates and Harry Bartell, MBA ’58, IA, are pleased to announce the Danaher Corporation, a $20 other friends. Punta Gorda, FL, has had a June 2014 wedding of their son, billion diversified technology and [email protected] diverse career, including working Dominic, to Niki Coons. A 2004 manufacturing firm based in on Capitol Hill, serving as the graduate of the University of Washington, DC. [email protected] Stuart Bassin, BSBA ’88, CEO for five organizations, Notre Dame, Dominic received N. Bethesda, MD, who continues teaching at five universities a master’s degree in computer his career in private investments, (including as a tenured full science engineering from the Fred Heger, MBA ’81, recently formed Bassin professor at Washington University of California-Berkeley Broken Arrow, OK, moved from Investment Group and has University), and working in in 2007. Dominic and Niki reside the Chicago area to Tulsa, OK, also joined private equity firm Brazil, India, and other countries. in Toronto. following his May 2013 promotion Sachs Capital as a principal. He also studied in South Africa to vice president, finance, of the [email protected] as a Fulbright Scholar. Robert Hoffman, BSBA ’79, ORS Nasco industrial distribution Lutherville, MD, is the partner- unit of United Stationers. in-charge of the Towson, MD, office of Venable, a member of the law firm’s board of directors, and co-chair of the firm’s State and Local Government Practice Group. [email protected]

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CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 23 CLASS NOTES

Brent Roberts, MBA ’89, Skip Tucker, EMBA ’89, Julie (Tucker) Legrand, MBA Jason Ryan, MBA ’00, MA ’02, Stilwell, KS, just completed his St. Louis, is currently easing ’95, Albany, CA, is director of Claremont, CA, was promoted 20th year in commercial real into full retirement and staying marketing for Inspirage, a global to full professor of marketing estate with over $1 billion in involved with Washington consulting firm. In this capacity, and international business at transaction volume. In 2013, University as a member of the she oversees all aspects of California State University, San the Commercial Division of Alumni Board. He wrote, “Tom marketing and communications Bernardino, where he has taught the Kansas City Regional Granneman and I are cochairs activities for the company. since leaving the University of Association of Realtors named of our 25th reunion this fall. [email protected] the Redlands in 2011. He, his him the Top Office Broker in We hope to see you all there.” wife, Sari, and two daughters, Kansas City. In addition, the [email protected] Jennifer (Rodi) Hoglin, MBA Cecilia and Amelia, enjoy living CCIM Institute’s Kansas City ’96, Park City, UT, left a large in Claremont. [email protected] chapter awarded him the 2014 corporation where she was Home Run Award for the largest involved with cardiac surgery Tejbir Singh, BSBA ’00, New office building transaction in to join a startup where her work Delhi, India, received an MBA 2013. [email protected] 1990s deals with catheter-related degree from the MIT Sloan bloodstream infections. School of Management in 2013. David Shogren, MBA ’89, Sam Adler, BSBA/AB ’93, [email protected] St. Louis, was elected to the San Jose, CA, is leaving Zuora Curtis Walker, MBA ’96, board of trustees of Ripon to work with Zend Technologies, Flossmoor, IL, was recently Mark Bayer, PMBA ’02, Austin, College, Ripon, WI, where he headquartered in Cupertino, promoted to executive director TX, is assistant professor of earned his undergraduate CA, as senior director of demand in treasury services within the management in the Lumpkin degree. In addition, he was generation. corporate investment bank at College of Business and Applied appointed by the US secretary JP Morgan. Sciences at Eastern Illinois of commerce to serve on the Seth Diamond, BSBA ’93, [email protected] University. He received a PhD in Missouri District Export Council. New Milford, NJ, is a realtor organization science from The [email protected] with Keller Williams Village Kerry (Soffar) Kaplan, BSBA University of Texas at Austin’s Square Realty in Ridgewood, ’97, Springfield, VA, has been McCombs School of Business in NJ. A member of the Knights involved in the management of August 2014. of Pythias, an international, two dialysis facilities in Northern nonsectarian fraternal order, Virginia since early 2014. Rachael Honowitz, BSBA ’02, he is affiliated with the [email protected] Los Angeles, CA, is director organization’s lodge in Fair of global partnerships and Lawn, NJ. [email protected] Karen (Witmer) Malsom, PMBA sponsorships at SBE. ’99, Chicago, IL, is a marketing John Ives, MBA ’93, Boulder, and communications strategist. Jack Dwyer, PMBA ’03, CO, recently finished raising Ballwin, MO, who works at a venture fund that invests Mercer, was elected president of Theresa Lynch in early-stage technology the Charter Financial Analyst companies across the country (CFA) Society of St. Louis and Ruzicka, MBA ’86 and includes several Olin 2000s began his term of office in classmates as partners. July 2014. The organization became president of Catholic Brian Glass, MBA ’00, promotes ethical and Charities of St. Louis in March Thomas Moore, MSEE ’83, Chesterfield, MO, was promoted professional standards in the 2014. She is the first woman EMBA ’94, St. Louis, is director to managing director, M&A investment industry, encourages to hold this position. Before of research and development at advisory services, at Wells Fargo professional development, and facilitates the open exchange of joining the archdiocesan Valeant Pharmaceuticals. Advisors in 2013. He leads a team of mergers and acquisitions information and opinions. team, Ruzicka was a partner Kelli P. Washington, BSBA ’94, professionals who represent [email protected] at RubinBrown LLP and Washington, DC, is a managing private business owners in an associate director for director at Cambridge Associates the sale or recapitalization Michael Hasik, EMOM ’03, Executive Programs at Olin for and recently relocated to the of their companies. Waunakee, WI, is vice president at Converga, Inc., a global several years. She is a member firm’s Arlington, VA, offices. [email protected] provider of document and data of the Olin Business School Joel Lange, PMBA ’95, Austin, processing services, where he Alumni Board. TX, is a partner at Bell Wealth manages the firm’s business in Management, an independent the Americas region. On joining investment advisory firm. Converga in 2011, he relocated [email protected] to Sydney, Australia, where the company is headquartered. He returned to the United States in mid-2012 to launch Converga’s U.S. business. [email protected]

together.wustl.edu

24 OLIN BUSINESS SCHOOL | FALL 2014 CLASS NOTES

Michael Buescher, MBA ’04, Josh Zwickl, BSBA/AB ’04, Patrick Morgan, EMBA ’05, Chesterfield, MO, is a director of Houston, TX, is responsible St. Charles, MO, is senior strategic solutions at Hill-Rom for transaction assurance manager of U.S. production and is responsible for account and supporting the delivery of control at IBM. His unit provides management and growth across strategic initiatives within BP’s support and services to more all product divisions at four of gas and power trading business. than 100 U.S. companies. the largest Midwest healthcare integrated delivery networks. Walker Averitt, BSBA ’05, Andrew Sharon, EMBA ’05, [email protected] MBA ’06, Houston, TX, is St. Louis, is with Morgan Stanley, the administrator over breast where he helps individuals Michael Moehn, Walker Deibel, MBA ’04, medical oncology and directs mitigate risk while realizing St. Louis, is co-executive all business-related activities above-index returns. Andrew. EMBA ’00 producer of the feature for breast medical academic [email protected] was elected chairman, documentar y, Print the Legend, operations and cancer research about the 3D printing industry. at MD Anderson Cancer Center. Chris Springer, MBA ’05, Fort president, and chief executive The film premiered at the South Leavenworth, KS, is assistant officer of Ameren Missouri By Southwest Film Festival Tae Woo (Thomas) Kim, professor at the U.S. Army in April 2014. He was senior in Austin, TX, in March 2014 MBA ’05, Puyallup, WA, has Command and General Staff vice president, customer and received the special jury assumed new responsibilities at College, where he teaches operations, before assuming recognition award for editing and Amazon, where he now covers strategy. The college educates, storytelling in the documentary procurement in distribution trains, and develops leaders the top spot at Missouri’s feature category. Netflix has centers in DuPont, WA, and for unified land operations largest energy provider. purchased exclusive rights to Sumner, WA. and advances the art and Moehn joined Ameren as the film. [email protected] science of the profession of assistant controller in 2000 arms in support of Army after spending nine years at Joe Downey, BSBA ’04, Brian Moran, PMBA ’05, operational requirements. Chicago, IL, is a portfolio [email protected] PricewaterhouseCoopers. Brussels, Belgium, is the leader manager for market neutral of Boeing’s Brussels office, equity portfolio at Alyeska responsible for working with Hans Fuller, EMBA ’06, Investment Group, focusing on all European institutions and Manlius, NY, is the founder Hisashi Wada, MBA ’03, the basic materials, industrials, representing the company’s of StorySlab, a mobile digital Funabashi, Japan, is a manager and energy sectors. interests at the European Union, presentation platform that at Mitsui Sumitomo Insurance European Parliament, and NATO. enables better storytelling in Co., Ltd., in Indonesia. Jonathan Gass, BSBA ’04, business-to-business sales New York, NY, launched Nomad conversations. StorySlab recently Emily (Reinhart) Adeleke, Financial, a financial partner celebrated its first anniversary BSBA ’04, Washington, DC, for early-stage companies that and more than 25 enterprise works in the Financial Market provides bookkeeping and deployments, including for major Integrity Unit of the World Bank, CFO-related services. industrial manufacturers such where her efforts focus on helping [email protected] as St. Louis-based Emerson and the bank’s client countries Belden. [email protected] combat money laundering and Rick Holton, MBA ’04, terrorist financing. St. Louis, is with Holton Capital Sergey Shchemelev, BSBA ’06, Group, an early-stage venture Leesburg, VA, is consulting Franklin Boyer, BSBA ’04, capital firm with two funds manager at Deloitte Consulting Vail, CO, recently closed a hotel focused on life sciences and Shelley Lavender, LLP. in Vail and is developing technology. EMBA ’03 a 21-unit luxury residential [email protected] James Yang, MBA/MIM ’06, project on that location as well was promoted to president Columbus, IN, received top as a rental residential complex Lori Ramsey, MBA ’04, of Boeing Military Aircraft in honors in CSO magazine’s 2014 St. Louis, is responsible for CSO40 award competition in Boulder, CO. December 2013. Previously, [email protected] managing and developing for delivering outstanding eBusiness and international she was vice president and business value through a new opportunities for the ceiling fan general manager of Integrated IT operational resilience risk- division of Emerson. She served Logistics, a Boeing division management practice. as fundraising and development focused on providing readiness [email protected] team leader for the Junior and after-delivery support League of St. Louis from June 2013 to May 2014. for a wide variety of military [email protected] platforms and systems. Lavender joined Boeing in 1988 as an avionics engineer.

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CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 25 CLASS NOTES

James Dodge, EMBA ’07, Patrick Haugh, MBA ’08, Jan (Robey) Alonzo, EMBA ’09, Flemington, NJ, is executive Dallas, TX, is president of St. Louis, is senior vice director, Merck and Co., Teaching Trust, a local education president and general counsel responsible for health system nonprofit focused on school at UniGroup, Inc. In recognition medical affairs for the U.S. leadership. of her outstanding work and the value she has added to Maria (Higuerey-Birgisson) Adedamola Oshin, PMBA/ UniGroup’s bottom line, the St. O’Hollearn, MBA ’07, MEM ’08, The Woodlands, Louis Business Journal and Coral Gables, FL, moved to TX, is general manager at the St. Louis chapter of the Miami with her husband, Dan, Anheuser-Busch, responsible Association of Corporate Counsel in 2010 and is enjoying the for the entire operation of the (ACC) recently selected her as Eric Cesal, MBA/ warm weather and proximity Houston brewery, including the one of 10 winners of the 2014 to family and the beach. After company’s external relations Corporate Counsel Award. The MArch ’08, MCM ’09 winners were selected by a panel graduating from Duke in 2012, in the region. damola.oshin@ was named executive director their daughter Tatiana founded anheuser-busch.com of local ACC members. at Architecture for Humanity, Mati Energy Drink in North Carolina. Natalia, their other Mary Elizabeth Grimes, EMBA San Francisco, CA, in April daughter, graduated from ’09, St. Louis, is president of 2014, after four years in a staff Stanford in 2013 and is now in Marian Middle School, which position and earlier volunteer medical school. Maria writes, serves adolescent girls of all work following the Hurricane “Let us know if you’re coming religious, racial, and ethnic Katrina disaster. In his to South Florida!” backgrounds. She writes, “We are committed to breaking the leadership role, Cesal guides Noah Barboza, BSBA ’08, cycle of poverty by fostering the nonprofit in its mission to Los Angeles, CA, is comprehensive development as a build a better future through finance director with NBC foundation for college readiness.” the power of design. Entertainment. Nikki LaBruyere [email protected] Mitchell Cooper, BSBA ’08, Mamuric , MBA ’07 Peter Lund, MBA ’09, Washington, DC, is a financial St. Joseph, MO, moved to advisor with Morgan Stanley. was recently named to the Southwest Michigan in July [email protected] Brand Innovators “40 Under 2013 to join Whirlpool as a 2010s 40 East” Class of 2014, an product development manager for the KitchenAid brand. In this Jason Eden, EMBA ’08, elite group of brand marketers Chris Cistulli, MBA ’10, St. Peters, MO, joined position,he works on innovation under 40 years old who Prairie Village, KS, is a director Hortonworks in May 2014. His in the blender category. with the consulting arm of work east of the Mississippi. [email protected] work involves building out an Valence Health in Chicago. In infrastructure for education Mamuric is director of this capacity, he leads consulting services to support social, mobile, marketing at L’Oréal, where she Todd Mowry, BSBA ’09, engagements focused on the and subscription-based learning leads skin care innovation and Chicago, IL, was awarded an managed care and financial as well as managing certification MBA with High Honors from new product development for sides of the evolving healthcare and customer support. The University of Chicago Booth landscape. L’Oréal Paris. School of Business in June Emma (Cottler) Haugh, MBA 2014. He is an associate of The William Overson, PMBA ’10, ’08, Dallas, TX, is senior finance Keystone Group, a management St. Louis, is a senior financial manager for innovation for Frito- consulting company that works analyst at MasterCard. Lay following a move from Chicago Moss Schermerhorn, BSBA ’08, with mid-market manufacturing Chicago, IL, is with ClaimDocs, and distribution clients. with her husband, Patrick. Kurt Rothhaar, PMBA ’10, a software company whose [email protected] St. Louis, received the 2014 platform allows insurance Michigan State University carriers to centralize and Christopher Rhodes, MBA/ Distinguished Young Alumni standardize their procurement BSME ’09, Dallas, TX, senior Award for his professional processes for independent consultant for Quorum Business accomplishments, high medical exams (IMEs) by giving Solutions and is a revenue standards of integrity and direct access to physicians and accounting specialist for the character, and leadership to IME vendors. upstream oil and gas industry. in meritorious public service. [email protected]

Rachel (McCullagh) Balven, PMBA ’11, Phoenix, AZ, is a researcher and doctoral student Share at Arizona State University. your news!

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26 OLIN BUSINESS SCHOOL | FALL 2014 CLASS NOTES

Joe Hainline, PMBA ’11, Matthew LaMartina, PMBA ’11, Vassili King, PMBA ’12, Brad Dyar, MBA ’13, Austin, St. Louis, is a cofounder of St. Louis, is with Tony LaMartina St. Louis, is manager of pricing TX, was recently promoted to RookiesApp.com, a custom Plumbing, where he oversees analytics at Bryan Cave. indirect materials manager baseball card business that was daily operations, develops and [email protected] at Emerson, responsible for featured on ESPN.com. Search executes marketing plans, and spending for capital equipment, “Rookies” on the Apple Store to establishes partnerships with Atima Lui, BSBA ’12, Topeka, office supplies, temporary labor, download the app. key vendors and manufacturers. KS, just began her first year at and facility services. [email protected] He writes, “I am focusing on Harvard Business School as a continuously implementing the member of the class of 2016. William Fischer, BSCE ’10, Alicia Herald, AB ’05, EMBA 10-year strategic plan developed PMBA ’13, Washington, DC, ’11, St. Louis, in 2012 launched during my studies at Olin Kirsten Miller, BSBA ’12, is involved with financing and myEDmatch, a job-matching Business School.” Melbourne, Australia, is a managing installations of solar website that connects schools [email protected] strategy and pricing analyst at thermal and solar photovoltaic and teachers with shared Envato, which creates websites systems in and around the educational beliefs and goals. Alex Lin, AB ’10, MSF ’11, that help people change the way District of Columbia. In 2013, she closed a Series Dunwoody, GA, is a junior trader they earn and learn online. [email protected] A round and relocated the at Mandara Capital. company to St. Louis. [email protected] Greg Patton, EMBA ’12, Helena Hay, BSBA ’13, St. Louis, is with Insituform, Brooklyn, NY, is an assistant Imad Khan, MBA/JD ’11, J.D. Ross, BSBA ’11, San with responsibility for the overall buyer for men’s fragrances Washington, DC, is an associate Francisco, CA, launched a tech/ execution of annual sales plans and skincare products at at White & Case, involved real estate company to rethink to support revenue and profit Bloomingdale’s. in international arbitration, how people sell their homes with objectives in Missouri and public international law, and entrepreneur and investor Keith Illinois. [email protected] Scott Lurkins, PMBA ’13, commercial litigation. Rabois, raising a $9 million Georgetown, IN, is responsible for [email protected] Series A. He writes, “We will give Kelly (Bien) Phelps, MBA ’12, all commercial activities of the homeowners a competitive cash Newport Beach, CA, is a technical Louisville and Indiana Railroad, offer on their screen in under a accounting project manager at a subsidiary of Anacostia Rail minute, saving them two to six Edwards Lifesciences, where she Holdings. His responsibilities months of time for a fair sale is responsible for external filings include identifying and securing price.” For details, see recode. with the Securities and Exchange rail traffic from current and net/2014/05/23/khoslas-keith- Commission as well as accounting prospective customers as well as rabois-aiming-to-launch-his- for equity compensation and developing and supporting the magic-home-selling-site-in-june/. derivatives, hedging, and other railroad’s extensive industrial [email protected] investment activity. development effort. [email protected] Robert Schultz, MBA ’11, Jeff Strobach, EMBA ’12, Pittsburgh, PA, in 2013 joined Valley Park, MO, is director of Neal Mareschal, BSMEcon Dan Conner, Ampco-Pittsburgh Corporation global business development at ’09, PMBA ’13, St. Louis, is MSCE ’10, MBA ’12 (NYSE: AP), a specialty steel- Duke Manufacturing. a distribution requirements manufacturing firm founded in [email protected] planner at Monsanto, responsible in April 2013 founded the 1929, as an in-house attorney. for product positioning based Conner Renal Research Fund He handles all manner of Patrick Whaley, MBA ’12, on demand and manufacturing company employment, SEC at Washington University Oakland, CA, is a senior forecasts and supply chain compliance, and tort liability financial analyst at Kaiser optimization. School of Medicine where, 35 legal matters. Permanente. [email protected] years earlier, his mother had a [email protected] life-saving kidney transplant. Diana Coughlin, PMBA ’13, Andrea Rodgers, BSBA ’13, Through his participation in Simin Ding, BSBA ’12, Oakland, CA, is Old Navy’s first Bellevue, WA, is an assurance the Honolulu Marathon in May Hangzhou, China, teaches associate marketing manager in associate at Ernst & Young. international business. 2008 and the Escape to Miami its new international marketing [email protected] department. She is enjoying the Triathlon in September 2013, challenge of introducing the Old Conner has donated more than Jeremiah Jones, EMBA ’12, Navy brand to markets outside $280,000 to the fund. Lehi, UT, is CEO of Sentius, a North America. health care analytics and insight [email protected] service for small and private practices. [email protected]

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CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 27 CLASS NOTES

Tyler Weeks, PMBA ’13, Highlands Ranch, CO, is in his first year at the University of Colorado School of Law under the Air Force Funded Legal Education Program, a paid, legal studies program for active- duty Air Force commissioned officers. On graduation, he OLIN will begin service as an Air OUTFITTERS Force Judge Advocate General. [email protected] Apparel, Accessories, and Gifts

Da Zhang, BSBA ’13, New York, NY, works at Unilever, where she recently joined the new business ORDER ONLINE development team responsible olin.wustl.edu/outfitters for exploring new opportunities for the company in the skin- cleansing category. [email protected]

Eric Chen, MSF ’14, St. Louis, is a financial analyst at SunEdison Semiconductor.

Anton Gimmel, MBA ’14, St. Louis, is an associate at RiverVest Venture Partners. [email protected] Marriages & Engagements

Tejbir Singh, BSBA ’00, New Michael Markman, BSBA ’07, David Logan, MBA ’10, Delhi, India, to Ramneek Kaur, Chicago, IL, to Allison Meyer, St. Louis, to Jennifer February 15, 2014. A B ’07, June 7, 2014. Fitzsimmons, July 27, 2013. [email protected] [email protected] Jenny (Raja) Shroff, BSBA Emily (Reinhart) Adeleke, BSBA ’08, Minneapolis, MN, to Milan William Overson, PMBA ’10, ’04, Washington, DC, to Anthony Shroff, April 19, 2014. St. Louis, to Kelli Blue, August Adeleke, February 1, 2014. 30, 2014. Tamara Balick, BSBA ’09, Daniel Bentle, Franklin Boyer, BSBA ’04, Vail, Minneapolis, MN, to Boris Robert Schultz, MBA ’11, MBA ’13 CO, to Laura Butler, MD, AB Chernomordik, July 12, 2014. Pittsburgh, PA, to Melissa ’04, April 19, 2014. Bancroft, May 10, 2014. Christopher Rhodes, MBA/ recently joined Olin’s Center [email protected] [email protected] BSME ’09, Dallas, TX, to for Experiential Learning (CEL) Dee Dee (Dixon) McKee, BSBA Elizabeth Rhodes, June 8, 2013. Kelly (Bien) Phelps, MBA ’12, as associate director. The CEL ’04, Cleveland, OH, to Steven Newport Beach, CA, to Ryan Charles Stewart, BSBA ’09, facilitates innovative, faculty- McKee, March 23, 2014. Phelps, June 29, 2013. Minneapolis, MN, to Erika guided learning for students Natalie (Lischer) Merrill, MBA Antisdale, AB ’12, May 25, 2014. Patrick Whaley, MBA ’12, through real-world, team- ’05, Des Moines, IA, to Jeremy [email protected] Oakland, CA, to Diana Merrill, March 29, 2014. Coughlin, PMBA ’13, September based management consulting Chris Curtis, MBA ’10, 21, 2013. experiences. Previously, St. Louis, to Alice Tseng, MBA Bentle was a consultant at ’10, May 23, 2014.

Novus International, a global Jian He, BSBA ’10, Jersey City, health and nutrition solutions NJ, to Jin Nie, January 17, 2014. company.

Mark Your Scholars in Business Dinner Distinguished Business Commencement November 6, 2014 Alumni Awards Dinner Friday, May 15, 2015 Calendar Knight Hall and Bauer Hall April 2, 2015 Washington University in Four Seasons Hotel St. Louis St. Louis, Danforth Campus

28 OLIN BUSINESS SCHOOL | FALL 2014 CLASS NOTES

Births & Adoptions

Kerry (Soffar) Kaplan, Jill (Belzer) Matthews, Rick Holton, MBA ’04, Joe Hainline, PMBA ’11, Bin Wang, MBA ’11, BSBA ’97, Springfield, MBA ’01, Richardson, TX, St. Louis, and his wife, St. Louis, and his wife, St. Louis, shared news VA, and her husband, and her husband, Eric, Kristen, welcomed Kelley, welcomed their of the birth of a daughter, Scott, welcomed their welcomed their third child, a daughter, Virginia fourth child, Kayleigh Emily, on June 6, 2014. second child, Tristan Zane Alex, on November Kathryn (“Nina”), on Faith, on September [email protected] Evan, on September 4, 25, 2013. jill.matthews@ November 29, 2013. 3, 2013. joe.hainline@ Joshua Elder, BSBA ’12, 2012. Klkaplan@yahoo. brightcactus.com [email protected] asynchrony.com Chicago, IL, shared com Kevin Cherrick, BSBA Minyi Du, EMBA- Matthew LaMartina, news of the birth of Nicole (LeClair) ’03, Scottsdale, AZ, and Shanghai ’05, Shanghai, PMBA ’11, St. Louis, twin daughters, Shivani Wartchow, BSBA ’97, his wife, Joy, are the and her husband, Sandy and his wife, Polly, are Katrina and Vishnu London, England, and proud parents of a fourth Weiss, are the proud the proud parents of a Lauren, in February 2014. her husband, Robert, child, Hudson Lewis, parents of a son, “OT,” daughter, Vincenza Grace, Mike Duncan, AB ’06, are the proud parents of born May 6, 2014. born January 2014. born April 2013. matt@ PMBA ’13, St. Louis, a second child, Georgia [email protected] tonylamartinaplumbing. Michael Buescher, MBA and his wife, Kelli, are Arlene, born April 2, 2014. com ’04, Chesterfield, MO, Emma (Cottler) Haugh, the proud parents of a [email protected] and his wife, Shannon, MBA ’08, and Patrick Dan Shouse, PMBA ’11, son, James Lewis, born Michael Hilburg, BSBA shared news of the birth Haugh, MBA ’08, Dallas, St. Louis, and his wife, February 15, 2014. ’01, Washington, DC, of their third child, TX, shared news of the Lauren, welcomed their and his wife, Honey, Matthew Curran, on birth of a daughter, second child, a son, born shared news of the birth February 25, 2014. Collins Birdie, on April June 2014. of septuplets (four girls [email protected] 14, 2014. and three boys), in March 2014.

In Memoriam

1930s Robert H. Gates, BSBA John S. Hazelton, BSBA Gloria M. (Kling) Levin, James H. Neuwoehner, ’44, Ironton, MO, January ’47, Hamilton, MT, BSBA ’47, St. Louis, BSBA ’47, Ellisville, MO, George Barnes Jr., 4, 2014 October 10, 2013 September 10, 2013 February 10, 2014 BSBA ’38, St. Louis, January 6, 2014 John E. Hayes, BSBA ’45, Rose M. (Glaser) Harlan Y. Levitt, BSBA Benjamin J. Steinberg, Colorado Springs, CO, Holtzman, BSBA ’47, ’47, St. Louis, August 15, BSBA ’47, Houston, TX, Frank N. Altman, August 5, 2013 St. Louis, June 9, 2014 2013 November 13, 2013 BSBA ’39, St. Louis, August 13, 2013 Marjorie A. (Asel) Edward George Kreyling Marvin B. Levy, BSBA Frances L. (Lingeman) Hendren, BSBA ’46, Jr., BSBA ’47, MBA ’54, ’47, West Palm Beach, FL, Vatterott, BSBA ’47, Elizabeth (Krone) Kansas City, MO, Reston, VA, September December 1, 2013 St. Charles, MO, January Steiner, BSBA ’39, November 12, 2013 20, 2013 1, 2014 St. Louis, August 3, 2013

1940s Richard F. Pier, BSBA ’41, JD ’50, St. Louis, June Murray Weidenbaum Eisenhower, Richard Nixon, Ronald Reagan, 6, 2014 and George H. W. Bush. He was also an Marvin Wallach, BSBA economist for Boeing Co. Murray Weidenbaum, PhD, ’41, DDS ’52, St. Louis, September 30, 2013 Edward Mallinckrodt Weidenbaum worked at Stanford University Distinguished University before joining Washington University as an George M. Jost, BSBA Professor in Arts & associate professor of economics in Arts & ’42, Valley Park, MO, June 10, 2014 Sciences and honorary Sciences in 1964. He later founded WUSTL’s chairman of the Center for the Study of American Business, Morton R. Bearman, which in 2001 was renamed the Weidenbaum BSBA ’43, JD ’47, St. Weidenbaum Center Louis, June 20, 2014 on the Economy, Center on the Economy, Government, and Government, and Public Policy, died March 20, Public Policy. James R. Brigham, BSBA ’43, Hilton Head Island, 2014, after a brief illness. He was 87. Weidenbaum is survived by his son, Jim; his SC, December 21, 2013 During his career as an economist and policy two daughters, Susan Juster-Goldstein and Arthur J. Seewoester, advisor, Weidenbaum advised or served five Laurie Stark Edward; and six grandchildren BSBA ’43, Belleville, IL, US presidents: Harry S. Truman, Dwight D. Phyllis, his wife of 60 years, died in May. September 4, 2013

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 29 CLASS NOTES

In Memoriam

Dorothy R. (Rosen) Arthur Lander, BSBA ’48, Melvin R. Boettcher, Allan H. Ramsey, BSBA Stanley Friedman, BSBA Firestone, BSBA ’48, St. Louis, December 12, BSBA ’49, St. Louis, ’49, St. Louis, May 13, ’50, Dobbs Ferry, NY, St. Louis, May 21, 2014 2013 December 22, 2013 2014 March 12, 2014

Betty Lee (Zeller) Fugel, Milton E. Metzler, BSBA Marvin L. Harber, BSBA Harold N. Garber, BSBA BSBA ’48, St. Louis, ’48, St. Louis, February ’49, Chesterfield, MO, 1950s ’50, Valley Park, MO, July March 6, 2014 2, 2014 April 8, 2014 Nicholas H. Arger, BSBA 21, 2013 Albert W. Gruer Jr., Philip Lewis Miller, Robert L. Harmon, BSBA ’50, Jerseyville, IL, Susanne M. (Wilmers) BSBA ’48, MBA ’54, BSBA ’48, Daphne, AL, ’49, Chesterfield, MO, August 7, 2013 Hamilton, BSBA ’50, Waupaca, WI, June 6, January 9, 2014 April 20, 2014 Robert F. Engmann, Denver, CO, December 2014 14, 2013 Mahlon Rubin, BSBA ’48, Milton A. Levin, BSBA BSBA ’50, St. Louis, Frank M. Guffey Jr., St. Louis, September 4, ’49, Chesterfield, MO, January 24, 2014 Richard L. Pearce, BSBA BSBA ’48, St. Louis, 2014 April 13, 2014 Henry D. Flesh Jr., BSBA ’50, MBA ’59, Chesterfield, September 18, 2013 MO, May 13, 2014 Stanley C. Salzenstein, Claire E. (Koch) Lind, ’50, Edwardsburg, MI, J. Peter Hughes, BSBA BSBA ’48, Peoria, IL, BSBA ’49, Florence, AZ, February 3, 2014 David A. Rich, BSBA ’50, ’48, Madison, WI, June 4, 2014 January 28, 2014 Edgar W. Franz, BSBA Scottsdale, AZ, April 8, December 23, 2013 2014 Russell B. Baumer, BSBA John F. McKnight Jr., ’50, Savannah, GA, ’49, St. Louis, November BSBA ’49, Santa Barbara, March 30, 2014 Howard Dartt, BSBA ’51, 22, 2013 CA, December 21, 2013 Collinsville, IL, October 12, 2013

Nancy A. (Anderson) Gunn, BSBA ’51, Boynton Beach, FL, November 26, business, create employment, and take care Mahlon Rubin 2013 of customers and community. Through his company, he helped put St. Louis on the Stuart Hollander, BSBA Mahlon Rubin, BSBA ’48, ’51, Temecula, CA, national and international map.” a national leader in the November 11, 2013 accounting profession Rubin was a founding member of Olin’s Peggy L. (Miller) and dear friend of Olin Scholars in Business program, creating the Reynolds, BSBA ’51, Business School, died RubinBrown Endowed Scholarship in 1979. Belleville, IL, June 2, 2014 September 4, 2014, at Among his many awards, Mr. Rubin received age 89. the 1990 Distinguished Alumni Award from John F. Barker, MBA ’52, St. Louis, January Olin Business School and the 1996 Gold He was a founding 7, 2014 partner of Rubin, Brown, Gornstein and Medal for Distinguished Service from the Herbert W. Booth, BSBA Co., now RubinBrown. In the words of Dean American Institute of CPAs. ’52, St. Louis, December Mahendra Gupta, “Mahlon set the standard Mr. Rubin is survived by his wife, Maurine, 17, 2013 for what business leaders need to do—grow and his sons, Larry, Rich, and Ken. Marian E. (Frasher) Brennan, BSBA ’52, Chagrin Falls, OH, July 17, 2013

James F. Gehlert, MBA Robert L. Harmon at McDonnell Douglas Corporation and later ’52, St. Louis, July 9, 2013 became corporate vice president of civic affairs. Norman S. London, Robert L. Harmon, Harmon was active in community affairs, BSBA ’52, JD ’54, BSBA ’49, longtime serving on the boards of Missouri Baptist St. Louis, March 1, 2014 sponsor of the Robert L. Hospital; the Urban League; the Greater St. Louis Carl L. Poslosky, BSBA and Carolyn M. Harmon Area Council, Boy Scouts of America; the ’53, Chesterfield, MO, Endowed Scholarship, Clayton Rotary Club; and other organizations. January 21, 2014 An insatiable traveler, he visited every continent. died April 20, 2014, in William W. Haase, BSBA St. Louis. He was 87. Harmon is survived by his wife, Carolyn; ’54, Venice, FL, February 24, 2014 During World War II, his five daughters, Barbara Keogh, Nancy Harmon served as a lieutenant in the Merchant Norath, Celia Homsher, Julia Rizzo, and Mindy Gilbert B. Anderson, Marines. After graduation from Washington Wakefield; and 16 grandchildren and great- BSBA ’55, Pittsburgh, PA, December 3, 2013 University, he worked for IBM and managed grandchildren. offices in Nashville and Chicago. Returning to Marjorie A. (Moore) St. Louis, he was an assistant vice president Hansmire, BSBA ’55, Dallas, TX, November 8, 2013

30 OLIN BUSINESS SCHOOL | FALL 2014 CLASS NOTES

Albert J. Ackfeld, BSBA ’56, St. Louis, November 16, 2013 Jean P. (Appleton) Frahm Born in Liverpool, England, Jean lived more Laurence C. Pfaff Jr., than 35 years in Avon, CT, before she and BSBA ’56, St. Louis, June her husband retired to Palm Coast. While Jean P. (Appleton) Frahm, 28, 2014 in Avon, she was an active member of the wife of Don Frahm, Charles R. Thurber, West Avon Congregational Church as well as BSBA ’53, and longtime BSBA ’56, Modesto, CA, a Sunday school teacher, was an avid tennis supporter of Washington October 13, 2013 player, and was involved with many charitable University, died January Robert G. Wilhite, BSBA organizations. 1, 2014, in Palm Coast, ’56, Glen Carbon, IL, February 6, 2014 FL. She was 78. She is survived by her husband, Don; her daughter, Heather Frahm (William Cronin); Terrence J. Dupree, Jean was a loyal friend her two sons, Timothy and Mark; her three BSBA ’57, Lake Ozark, of WUSTL, having supported scholarships and brothers, Allan, Rodney, and Colin; and MO, November 1, 2013 endowed a chair professorship with her husband. six grandchildren. Cohea Albert Broom, AB ’50, MSPA ’58, Dayton, OH, December 15, 2013

James E. Chervitz, BSBA Michael C. Long, BSBA William Murray Schott, Keith A. McKay, MBA ’88, Friends of Olin ’58, JD ’60, St. Louis, ’69, MBA ’71, St. Louis, MBA ’74, Mission, KS, Pleasanton, CA, May 24, Jean P. Frahm, Palm May 17, 2014 March 4, 2014 January 4, 2014 2014 Coast, FL, January 1, Joseph H. Johns, BSBA Donald Andrew Siller, 2014 ’58, Manhattan Beach, 1970s MBA ’76, O’Fallon, MO, 1990s Catharine Miller, New CA, August 5, 2013 September 1, 2013 Robert F. Buergin, BS Dudley Barnes Dill, MBA Canaan, CT, February George K. McPherson ’66, MBA ’72, Chesterfield, ’94, Avon, CO, January 24, 2014 Jr., BSBA ’58, JD ’61, MO, April 24, 2014 1980s 23, 2014 Marietta, GA, March 3, J. George Robinson, PhD, Richard E. McDonnell, Jeffrey C. Rogers, MBA Robert Henry Frentzel, 2014 Salt Lake City, UT, MBA ’72, St. Louis, ’82, Sacramento, CA, BS ’79, MBA ’95, St. Louis, October 11, 2013 Stanley P. Goldberg, February 8, 2014 January 29, 2014 October 15, 2013 BSBA ’59, St. Louis, May Harvey Saligman, St. Norman Kenwood Cohn, Ralph L. Maslan, BSBA 12, 2014 Louis, November 15, 2013 MBA ’73, Lake Mary, FL, ’85, Westlake Village, CA, 2000s Murray L. Weidenbaum, January 1, 2014 January 12, 2014 Lisa Renee (Bogan) PhD, St. Louis, March 20, 1960s Smith, MBA ’00, San Michael Roy Kroeger, Todd Alan Bowman, 2014 John M. Olson, BSBA BSBA ’74, Montgomery BSBA ’87, Plain City, OH, Jose, CA, May 27, 2014 ’60, St. Louis, August 14, City, MO, November 16, December 6, 2013 2013 2013

William H. Posegate, MBA ’60, St. Louis, August 8, 2013

V. Carolyn (Feld) Fedak, in Seoul, Korea, before joining Washington BSBA ’62, Palm Harbor, J. George Robinson FL, October 26, 2013 University. He served as director of Olin’s Tunisian Program from 1960 to 1969. Jack Grossman, BS J. George Robinson, PhD, professor at Olin ’60, MBA ’64, St. Louis, Business School from 1954 to 1969 who The author of several books on marketing February 8, 2014 was named associate dean of the graduate and retailing, Dr. Robinson was a consultant John W. Ruck, MBA ’64, program in 1964, died October 11, 2013. to several Fortune 500 firms and a visiting Glendale, CA, August 13, He was 97. professor at universities in six countries. 2013 Dr. Robinson served as a lieutenant commander Dr. Robinson is survived by Jeanne Jerrold B. Franzel, AB/ in the US Navy during World War II. A graduate Timmerman Robinson, whom he married in MBA ’65, Vero Beach, FL, 2005; his two daughters, Linda Ireta Robinson July 24, 2013 of the University of Utah, he earned a PhD in business management and marketing from and Kathryn Bourne Jacobs; his two sons, M. A. Hodges, MBA ’66, New York University in 1951. G. Scott and James; and 10 grandchildren Houston, TX, July 27, and 19 great-grandchildren. 2013 He taught marketing at the University of Arthur Ned Riggin, BSBA Southern California and at Yonsei University, ’66, St. Louis, July 12, 2013

CREATE KNOWLEDGE. INSPIRE INDIVIDUALS. TRANSFORM BUSINESS. 31 OLIN BY THE NUMBERS

years until 1996 th Olin turns the year most incoming 60 BSBA students were born BIRTHDAY OF 100 THE GMAT in 1954, the first national entrance exam to graduate 141 business school was Olin students have created by a consortium including Wash U, 176% utilized the GI Bill Columbia, Harvard, and growth in Olin students since 2008 other top universities from 1980 to 2014 195 years since the papers submitted to the annual Executive MBA Wells Fargo Advisors Center for program began Finance and Accounting Research in Kansas City Corporate Finance Conference

students participated in Center for Experiential Learning programs students graduated from fall 2013 through from the Global Master summer 2014 in Finance program in 439 August 2014

40% of classes taken by Olin undergraduate students are outside the business school

OPEN ENROLLMENT years of industry work experience PROGRAM IN THE US shared collectively as ranked by the by Weston Career #9 Financial Times 2013 Center advisors

average 135,000+ alumni are in the Washington years of work 50% University network experience of BSBA students participate of the MBA in study abroad programs class of 2016